Enter your average income below to estimate applicable free-cash in all major European cities. By free-cash we mean your disposable income, left in your pocket after paying tax, rent, insurance, public transport, food expenses and basic entertainment. How does it work?

average income is
₴ 29500
per

Your estimated
City
free-cash

Dresden , Germany
-₴101
₴7444
₴6442
₴5405
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
29 500
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
3 395
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
187
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 400
trade
-
-
-
1 002
total
-
-
-
7 984
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

19 035
-
29 500
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

29
-
187
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

532
-
3 395
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 400
-
3 400
-
total
3 961
-
6 982
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
10 465
29 500
-
-
income
1 570
4 425
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

86
244
-
-
chamber of commerce
91
118
-
-
trade
1 648
4 647
-
-
total
3 395
9 434
-
-
Dividends
7 071
20 067
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

87
265
-
-
withholding
1 578
4 828
-
-
total
1 665
5 093
-
-
Income
29 500
29 500
29 500
29 500
Total tax
9 021
14 527
6 982
7 984
After tax
20 479
14 973
22 518
21 516
Living cost
15 074
15 074
15 074
15 074
Free-cash
5 405
-101
7 444
6 442

Estimated living cost  is ₴15074 per week

₴9482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1758
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
-₴8089
-₴7732
-₴7964
-₴15303
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
social contributions
-
-
-
317
municipal
-
-
-
2 789
national
-
-
-
4 321
pensions
-
-
-
3 540
total
-
-
-
10 967
Employee
41 075
-
25 502
-
municipal
5 073
-
2 903
-
pensions
1 643
-
1 020
-
national
7 862
-
4 498
-
total
14 578
-
8 421
-
Employer
41 075
-
25 502
-
pensions
3 286
-
2 040
-
social contributions
442
-
274
-
total
3 728
-
2 314
-
Corporate
-
29 500
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

-
5 900
-
-
total
-
5 900
-
-
Dividends
-
23 600
-
-
withholding
-
5 192
-
-
total
-
5 192
-
-
Income
29 500
29 500
29 500
29 500
Total tax
18 306
11 092
10 735
10 967
After tax
11 194
18 408
18 765
18 533
Living cost
26 497
26 497
26 497
26 497
Free-cash
-15 303
-8 089
-7 732
-7 964

Estimated living cost  is ₴26497 per week

₴18010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴13246
₴6504
₴13154
₴9163
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
29 500
income
-
-
-
-
surtax
-
-
-
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

-
-
-
1 567
microenterprise
-
-
-
4 425
total
-
-
-
5 992
Employee
14 542
-
23 773
-
surtax
-
-
-
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

1 600
-
2 615
-
income
2 589
-
4 300
-
total
4 189
-
6 915
-
Employer
14 542
-
23 773
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

3 503
-
5 727
-
surtax
-
-
-
-
total
3 503
-
5 727
-
Corporate
11 455
29 500
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

2 291
5 900
-
-
total
2 291
5 900
-
-
Dividends

In Latvia, local dividends are not subject to withholding tax.

9 164
23 600
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
9 983
5 900
12 642
5 992
After tax
19 517
23 600
16 858
23 508
Living cost
10 354
10 354
10 354
10 354
Free-cash
9 163
13 246
6 504
13 154

Estimated living cost  is ₴10354 per week

₴6605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴986
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-₴17126
-₴19919
-₴3990
-₴19919
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
2 804
health
-
-
-
4 528
pensions
-
-
-
5 310
total
-
-
-
12 642
Employee
42 499
42 499
42 499
-
pensions
7 650
5 831
7 650
-
income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

6 956
6 956
6 956
-
health
6 523
5 549
6 523
-
total
21 129
18 336
21 129
-
Employer
42 499
42 499
42 499
-
health
2 954
2 954
2 954
-
pensions
2 958
2 958
2 958
-
unemployment
1 530
1 530
1 530
-
total
7 442
7 442
7 442
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
28 571
25 778
28 571
12 642
After tax
929
3 722
929
16 858
Living cost
20 848
20 848
20 848
20 848
Free-cash
-19 919
-17 126
-19 919
-3 990

Estimated living cost  is ₴20848 per week

₴14775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
-₴3774
-₴4127
-₴5176
-₴7730
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
accident
-
-
-
59
other
-
-
-
3 428
unemployment
-
-
-
30
health
-
-
-
1 841
municipal
-
-
-
6 248
national
-
-
-
-
pensions
-
-
-
3 189
total
-
-
-
14 795
Employee
28 329
-
22 447
-
municipal
8 448
-
6 694
-
national
-
-
-
-
total
8 448
-
6 694
-
Employer
28 329
-
22 447
-
health
1 742
-
1 380
-
pensions
3 062
-
2 426
-
accident
57
-
45
-
unemployment
748
-
593
-
other
3 292
-
2 608
-
total
8 901
-
7 052
-
Corporate
-
29 500
-
-
income
-
6 490
-
-
total
-
6 490
-
-
Dividends
-
23 010
-
-
withholding
-
6 903
-
-
total
-
6 903
-
-
Income
29 500
29 500
29 500
29 500
Total tax
17 349
13 393
13 746
14 795
After tax
12 151
16 107
15 754
14 705
Living cost
19 881
19 881
19 881
19 881
Free-cash
-7 730
-3 774
-4 127
-5 176

Estimated living cost  is ₴19881 per week

₴13177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4452
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
-₴4728
₴2967
₴1921
₴2266
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
29 500
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
3 395
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
187
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 400
trade
-
-
-
1 046
total
-
-
-
8 028
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

25 238
-
29 500
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

119
-
187
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

2 168
-
3 395
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 400
-
3 400
-
total
5 687
-
6 982
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 262
29 500
-
-
income
639
4 425
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

35
244
-
-
chamber of commerce
81
117
-
-
trade
701
4 852
-
-
total
1 456
9 638
-
-
Dividends
2 806
19 862
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

28
263
-
-
withholding
512
4 776
-
-
total
540
5 039
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 683
14 677
6 982
8 028
After tax
21 817
14 823
22 518
21 472
Living cost
19 551
19 551
19 551
19 551
Free-cash
2 266
-4 728
2 967
1 921

Estimated living cost  is ₴19551 per week

₴13076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2062
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₴2104
₴4075
₴6857
₴3502
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
1 146
social contributions
-
-
-
4 602
health
-
-
-
753
total
-
-
-
6 501
Employee
38 269
38 269
38 269
-
social contributions
1 860
3 176
2 223
-
income
4 019
3 543
3 886
-
health
381
651
455
-
total
6 260
7 370
6 564
-
Employer
38 269
38 269
38 269
-
health
415
708
496
-
social contributions
1 860
3 176
2 223
-
total
2 275
3 884
2 719
-
Corporate
4 825
-
-
-
income
603
-
-
-
total
603
-
-
-
Dividends
4 222
-
-
-
withholding
718
-
-
-
total
718
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
9 856
11 254
9 283
6 501
After tax
19 644
18 246
20 217
22 999
Living cost
16 142
16 142
16 142
16 142
Free-cash
3 502
2 104
4 075
6 857

Estimated living cost  is ₴16142 per week

₴11035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴7771
₴8181
₴11517
₴7957
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
3 606
unemployment
-
-
-
442
health
-
-
-
2 065
pensions
-
-
-
2 950
total
-
-
-
9 063
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

12 876
5 124
24 686
-
unemployment
193
77
370
-
pensions
1 288
512
2 469
-
income
1 574
626
3 018
-
health
901
359
1 728
-
total
3 956
1 574
7 585
-
Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

12 876
5 124
24 686
-
pensions
2 511
999
4 814
-
total
2 511
999
4 814
-
Corporate
14 114
23 376
-
-
income
1 270
2 104
-
-
total
1 270
2 104
-
-
Dividends
12 843
21 273
-
-
social contributions
2 446
4 090
-
-
withholding
2 440
4 042
-
-
total
4 886
8 132
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 623
12 809
12 399
9 063
After tax
16 877
16 691
17 101
20 437
Living cost
8 920
8 920
8 920
8 920
Free-cash
7 957
7 771
8 181
11 517

Estimated living cost  is ₴8920 per week

₴6087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴11579
₴5264
₴4239
₴8488
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
3 505
health
-
-
-
3 835
pensions
-
-
-
5 900
total
-
-
-
13 240
Employee
14 118
-
22 047
-
unemployment
226
-
353
-
pensions
282
-
441
-
income
1 589
-
3 968
-
total
2 097
-
4 762
-
Employer
14 118
-
22 047
-
health
1 835
-
2 866
-
pensions
2 824
-
4 410
-
unemployment
113
-
177
-
total
4 772
-
7 453
-
Corporate
10 610
29 500
-
-
income
2 122
5 900
-
-
total
2 122
5 900
-
-
Dividends
8 487
23 600
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
8 991
5 900
12 215
13 240
After tax
20 509
23 600
17 285
16 260
Living cost
12 021
12 021
12 021
12 021
Free-cash
8 488
11 579
5 264
4 239

Estimated living cost  is ₴12021 per week

₴8245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴8721
₴4468
₴9270
₴685
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
accident
-
-
-
128
income
-
-
-
5 602
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
9 119
Employee
17 478
-
24 506
-
pensions
1 968
-
2 759
-
income
2 398
-
3 362
-
health
2 001
-
2 806
-
total
6 367
-
8 927
-
Employer
17 478
-
24 506
-
pensions
2 842
-
3 985
-
accident
292
-
409
-
unemployment
428
-
600
-
total
3 562
-
4 994
-
Corporate
8 460
29 500
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

7 614
26 550
-
-
total
7 614
26 550
-
-
Dividends
846
2 950
-
-
withholding
161
560
-
-
total
161
560
-
-
Income
29 500
29 500
29 500
29 500
Total tax
17 704
27 110
13 921
9 119
After tax
11 796
2 390
15 579
20 381
Living cost
11 111
11 111
11 111
11 111
Free-cash
685
-8 721
4 468
9 270

Estimated living cost  is ₴11111 per week

₴8143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
₴24015
₴19590
₴25195
₴23264
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
29 500
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
295
total
-
-
-
295
Employee
5 012
-
29 500
-
income
1 002
-
5 900
-
total
1 002
-
5 900
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

24 488
29 500
-
-
total
-
-
-
-
Dividends
24 488
29 500
-
-
withholding
1 224
1 475
-
-
total
1 224
1 475
-
-
Income
29 500
29 500
29 500
29 500
Total tax
2 226
1 475
5 900
295
After tax
27 274
28 025
23 600
29 205
Living cost
4 010
4 010
4 010
4 010
Free-cash
23 264
24 015
19 590
25 195

Estimated living cost  is ₴4010 per week

₴2485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴8413
₴4032
₴2712
₴5052
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
3 748
other
-
-
-
1 402
health
-
-
-
1 298
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

-
-
-
7 079
total
-
-
-
13 527
Employee
18 070
-
23 563
-
unemployment
180
-
235
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

1 265
-
1 649
-
income
3 111
-
4 056
-
health
253
-
330
-
total
4 809
-
6 270
-
Employer
18 070
-
23 563
-
health
253
-
330
-
pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

3 072
-
4 005
-
accident
144
-
189
-
unemployment
180
-
235
-
other
904
-
1 178
-
total
4 553
-
5 937
-
Corporate
6 876
29 500
-
-
income
1 444
6 195
-
-
total
1 444
6 195
-
-
Dividends
5 432
23 305
-
-
withholding
381
1 631
-
-
total
381
1 631
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 187
7 826
12 207
13 527
After tax
18 313
21 674
17 293
15 973
Living cost
13 261
13 261
13 261
13 261
Free-cash
5 052
8 413
4 032
2 712

Estimated living cost  is ₴13261 per week

₴9370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-₴11145
-₴14121
-₴11108
-₴23988
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
5 535
pensions
-
-
-
1 825
total
-
-
-
7 360
Employee
47 041
-
26 306
-
pensions
4 538
-
2 050
-
income
8 480
-
4 781
-
health
775
-
350
-
total
13 793
-
7 181
-
Employer
47 041
-
26 306
-
health
893
-
500
-
pensions
5 554
-
2 692
-
total
6 447
-
3 192
-
Corporate
-
29 500
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
5 605
-
-
total
-
5 605
-
-
Dividends
-
23 895
-
-
withholding
-
1 792
-
-
total
-
1 792
-
-
Income
29 500
29 500
29 500
29 500
Total tax
20 240
7 397
10 373
7 360
After tax
9 260
22 103
19 127
22 140
Living cost
33 248
33 248
33 248
33 248
Free-cash
-23 988
-11 145
-14 121
-11 108

Estimated living cost  is ₴33248 per week

₴24914
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₴18698
₴14442
₴13910
₴16387
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
4 425
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
2 572
total
-
-
-
9 066
Employee
8 638
-
26 090
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

758
-
1 526
-
income
864
-
2 609
-
health
397
-
799
-
total
2 114
-
5 125
-
Employer
8 638
-
26 090
-
health
596
-
1 199
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

952
-
1 915
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
unemployment
52
-
104
-
total
1 695
-
3 409
-
Corporate
19 167
29 500
-
-
income
1 917
2 950
-
-
total
1 917
2 950
-
-
Dividends
17 250
26 550
-
-
withholding
863
1 328
-
-
total
863
1 328
-
-
Income
29 500
29 500
29 500
29 500
Total tax
6 589
4 278
8 534
9 066
After tax
22 911
25 222
20 966
20 434
Living cost
6 524
6 524
6 524
6 524
Free-cash
16 387
18 698
14 442
13 910

Estimated living cost  is ₴6524 per week

₴3809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴23875
-₴26668
-₴10739
-₴24718
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
2 804
health
-
-
-
4 528
pensions
-
-
-
5 310
total
-
-
-
12 642
Employee
46 141
42 499
42 499
-
pensions
5 831
5 831
7 650
-
income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

6 956
6 956
6 956
-
health
5 756
5 549
6 523
-
total
18 543
18 336
21 129
-
Employer
46 141
42 499
42 499
-
health
3 206
2 954
2 954
-
pensions
3 211
2 958
2 958
-
unemployment
1 661
1 530
1 530
-
total
8 078
7 442
7 442
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
26 621
25 778
28 571
12 642
After tax
2 879
3 722
929
16 858
Living cost
27 597
27 597
27 597
27 597
Free-cash
-24 718
-23 875
-26 668
-10 739

Estimated living cost  is ₴27597 per week

₴20357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴8106
₴2765
₴2163
₴3752
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
2 536
social contributions
-
-
-
8 614
solidarity contribution
-
-
-
-
health
-
-
-
3 982
total
-
-
-
15 132
Employee
17 948
-
22 015
-
solidarity contribution
-
-
-
-
social contributions
1 167
-
1 431
-
income
2 154
-
2 642
-
health
2 423
-
2 972
-
total
5 744
-
7 045
-
Employer
17 948
-
22 015
-
health
1 615
-
1 981
-
social contributions
4 487
-
5 504
-
total
6 102
-
7 485
-
Corporate
5 449
29 500
-
-
income
1 035
5 605
-
-
total
1 035
5 605
-
-
Dividends
4 414
23 895
-
-
withholding
662
3 584
-
-
total
662
3 584
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 543
9 189
14 530
15 132
After tax
15 957
20 311
14 970
14 368
Living cost
12 205
12 205
12 205
12 205
Free-cash
3 752
8 106
2 765
2 163

Estimated living cost  is ₴12205 per week

₴8478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
-₴5260
-₴6577
-₴4910
-₴14729
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
social contributions
-
-
-
7 588
regional
-
-
-
297
municipal
-
-
-
176
national
-
-
-
5 349
total
-
-
-
13 410
Employee
44 230
-
29 500
-
municipal
234
-
157
-
national
7 664
-
4 713
-
regional
417
-
259
-
social contributions
14 914
-
9 948
-
total
23 229
-
15 077
-
Employer
44 230
-
29 500
-
total
-
-
-
-
Corporate
-
29 500
-
-
municipal
-
1 150
-
-
nationa
-
7 080
-
-
total
-
8 230
-
-
Dividends
-
21 269
-
-
withholding
-
5 530
-
-
total
-
5 530
-
-
Income
29 500
29 500
29 500
29 500
Total tax
23 229
13 760
15 077
13 410
After tax
6 271
15 740
14 423
16 090
Living cost
21 000
21 000
21 000
21 000
Free-cash
-14 729
-5 260
-6 577
-4 910

Estimated living cost  is ₴21000 per week

₴14639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4662
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴7574
₴4978
₴5614
₴6025
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
4 504
other
-
-
-
-
surtax
-
-
-
292
unemployment
-
-
-
113
health
-
-
-
2 095
pensions
-
-
-
5 900
total
-
-
-
12 904
Employee
16 458
-
24 369
-
other
-
-
-
-
unemployment
1 146
-
1 696
-
pensions
1 097
-
1 625
-
surtax
54
-
243
-
income
2 759
-
4 223
-
health
420
-
621
-
total
5 476
-
8 408
-
Employer
16 458
-
24 369
-
health
749
-
1 110
-
pensions
2 194
-
3 249
-
unemployment
521
-
773
-
other
-
-
-
-
total
3 464
-
5 132
-
Corporate
9 578
29 500
-
-
income
2 490
7 670
-
-
total
2 490
7 670
-
-
Dividends
7 088
21 830
-
-
withholding
1 063
3 274
-
-
total
1 063
3 274
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 493
10 944
13 540
12 904
After tax
17 007
18 556
15 960
16 596
Living cost
10 982
10 982
10 982
10 982
Free-cash
6 025
7 574
4 978
5 614

Estimated living cost  is ₴10982 per week

₴6715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
-₴611
-₴3587
-₴574
-₴6038
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
5 535
pensions
-
-
-
1 825
total
-
-
-
7 360
Employee
31 526
-
26 306
-
pensions
2 676
-
2 050
-
income
5 678
-
4 781
-
health
458
-
350
-
total
8 812
-
7 181
-
Employer
31 526
-
26 306
-
health
599
-
500
-
pensions
3 413
-
2 692
-
total
4 012
-
3 192
-
Corporate
-
29 500
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
5 605
-
-
total
-
5 605
-
-
Dividends
-
23 895
-
-
withholding
-
1 792
-
-
total
-
1 792
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 824
7 397
10 373
7 360
After tax
16 676
22 103
19 127
22 140
Living cost
22 714
22 714
22 714
22 714
Free-cash
-6 038
-611
-3 587
-574

Estimated living cost  is ₴22714 per week

₴17017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴25806
-₴15775
-₴14276
-₴20866
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
590
regional
-
-
-
651
health
-
-
-
128
city
-
-
-
310
national
-
-
-
88
pensions
-
-
-
2 714
total
-
-
-
4 481
Employee
45 985
-
26 404
-
unemployment
-
-
-
-
pensions
3 863
-
2 218
-
national
218
-
71
-
regional
1 506
-
541
-
city
494
-
284
-
health
104
-
60
-
total
6 185
-
3 174
-
Employer
45 985
-
26 404
-
health
104
-
60
-
pensions
3 863
-
2 218
-
unemployment
-
-
-
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

919
-
528
-
total
4 886
-
2 806
-
Corporate
-
29 500
-
-
regional
-
6 239
-
-
national
-
2 508
-
-
total
-
8 747
-
-
Dividends
-
20 753
-
-
withholding
-
7 264
-
-
total
-
7 264
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 071
16 011
5 980
4 481
After tax
18 429
13 489
23 520
25 019
Living cost
39 295
39 295
39 295
39 295
Free-cash
-20 866
-25 806
-15 775
-14 276

Estimated living cost  is ₴39295 per week

₴25553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
-₴8129
-₴281
-₴1372
-₴410
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
29 500
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
3 395
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
187
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 400
trade
-
-
-
1 091
total
-
-
-
8 073
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

29 909
-
29 500
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

194
-
187
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

3 517
-
3 395
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 400
-
3 400
-
total
7 111
-
6 982
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
29 500
-
-
income
-
4 425
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
244
-
-
chamber of commerce
-
117
-
-
trade
-
5 059
-
-
total
-
9 845
-
-
Dividends
-
19 655
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
260
-
-
withholding
-
4 725
-
-
total
-
4 985
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 111
14 830
6 982
8 073
After tax
22 389
14 670
22 518
21 427
Living cost
22 799
22 799
22 799
22 799
Free-cash
-410
-8 129
-281
-1 372

Estimated living cost  is ₴22799 per week

₴16651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1824
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
-₴2159
₴873
₴630
₴781
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
1 366
other
-
-
-
914
surtax
-
-
-
-
social contributions
-
-
-
841
health
-
-
-
256
pensions
-
-
-
8 466
total
-
-
-
11 843
Employee
21 300
-
22 480
-
pensions
2 408
-
2 542
-
surtax
-
-
-
-
social contributions
607
-
640
-
income
1 257
-
1 400
-
total
4 272
-
4 582
-
Employer
21 300
-
22 480
-
health
1 491
-
1 573
-
pensions
3 499
-
3 693
-
unemployment
862
-
910
-
social contributions
64
-
67
-
other
735
-
775
-
total
6 651
-
7 018
-
Corporate
1 549
29 500
-
-
income
433
8 260
-
-
surtax
-
-
-
-
total
433
8 260
-
-
Dividends
1 115
21 240
-
-
surtax
-
-
-
-
social contributions
193
3 653
-
-
withholding
143
2 719
-
-
total
336
6 372
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 692
14 632
11 600
11 843
After tax
17 808
14 868
17 900
17 657
Living cost
17 027
17 027
17 027
17 027
Free-cash
781
-2 159
873
630

Estimated living cost  is ₴17027 per week

₴10736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
-₴472
₴2560
₴2317
₴2294
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
1 366
other
-
-
-
914
surtax
-
-
-
-
social contributions
-
-
-
841
health
-
-
-
256
pensions
-
-
-
8 466
total
-
-
-
11 843
Employee
19 013
-
22 480
-
pensions
2 150
-
2 542
-
surtax
-
-
-
-
social contributions
542
-
640
-
income
980
-
1 400
-
total
3 672
-
4 582
-
Employer
19 013
-
22 480
-
health
1 331
-
1 573
-
pensions
3 124
-
3 693
-
unemployment
770
-
910
-
social contributions
57
-
67
-
other
656
-
775
-
total
5 938
-
7 018
-
Corporate
4 549
29 500
-
-
income
1 274
8 260
-
-
surtax
-
-
-
-
total
1 274
8 260
-
-
Dividends
3 275
21 240
-
-
surtax
-
-
-
-
social contributions
563
3 653
-
-
withholding
419
2 719
-
-
total
982
6 372
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 866
14 632
11 600
11 843
After tax
17 634
14 868
17 900
17 657
Living cost
15 340
15 340
15 340
15 340
Free-cash
2 294
-472
2 560
2 317

Estimated living cost  is ₴15340 per week

₴8897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴7445
₴7098
₴8392
₴7702
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
4 425
social contributions
-
-
-
4 071
health
-
-
-
2 059
total
-
-
-
10 555
Employee
16 874
-
29 500
-
social contributions
2 329
-
4 071
-
income
2 814
-
5 719
-
health
1 178
-
2 059
-
total
6 321
-
11 849
-
Employer
16 874
-
29 500
-
total
-
-
-
-
Corporate
12 626
29 500
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

631
1 475
-
-
total
631
1 475
-
-
Dividends
11 995
28 025
-
-
social contributions
1 656
3 867
-
-
withholding
1 799
4 204
-
-
health
838
1 956
-
-
total
4 293
10 027
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 245
11 502
11 849
10 555
After tax
18 255
17 998
17 651
18 945
Living cost
10 553
10 553
10 553
10 553
Free-cash
7 702
7 445
7 098
8 392

Estimated living cost  is ₴10553 per week

₴7062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴651
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
-₴659
-₴6323
-₴1278
-₴3096
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
2 259
surtax
-
-
-
98
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
118
health
-
-
-
2 257
pensions
-
-
-
5 458
total
-
-
-
13 242
Employee
24 872
19 833
22 831
-
other
248
198
229
-
unemployment
746
595
685
-
pensions
2 547
2 031
2 337
-
income
2 831
1 463
2 247
-
health
962
768
884
-
total
7 334
5 055
6 382
-
Employer
24 872
19 833
22 831
-
chamber of commerce
99
79
92
-
health
940
750
863
-
pensions
3 121
2 490
2 865
-
accident
323
258
297
-
unemployment
746
595
685
-
surtax
98
98
98
-
payroll
746
595
685
-
other
1 181
942
1 084
-
total
7 254
5 807
6 669
-
Corporate
1 889
3 861
20 943
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

472
965
5 236
-
total
472
965
5 236
-
Dividends
-
2 895
-
-
withholding
-
796
-
-
total
-
796
-
-
Income
29 500
29 500
29 500
29 500
Total tax
15 060
12 623
18 287
13 242
After tax
14 440
16 877
11 213
16 258
Living cost
17 536
17 536
17 536
17 536
Free-cash
-3 096
-659
-6 323
-1 278

Estimated living cost  is ₴17536 per week

₴11696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
-₴1527
-₴5542
-₴2428
-₴16462
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

-
-
-
1 559
social contributions
-
-
-
3 508
national
-
-
-
8 715
total
-
-
-
13 782
Employee

The minimum management director salary is set at €45,000 per year.

35 599
-
22 848
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

310
-
198
-
communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

1 857
-
1 192
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

2 670
-
1 713
-
national
10 945
-
6 068
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

1 673
-
1 074
-
total
17 455
-
10 245
-
Employer

The minimum management director salary is set at €45,000 per year.

35 599
-
22 848
-
health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

2 189
-
1 405
-
pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

3 154
-
2 024
-
accident

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

463
-
297
-
unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

519
-
333
-
surtax
4 036
-
2 592
-
total
10 361
-
6 651
-
Corporate
-
29 500
-
-
income
-
5 900
-
-
surtax
-
118
-
-
total
-
6 018
-
-
Dividends
-
23 482
-
-
withholding

As an investor, you can take advantage of €640 tax free allowance per year.

-
6 863
-
-
total
-
6 863
-
-
Income
29 500
29 500
29 500
29 500
Total tax
27 816
12 881
16 896
13 782
After tax
1 684
16 619
12 604
15 718
Living cost
18 146
18 146
18 146
18 146
Free-cash
-16 462
-1 527
-5 542
-2 428

Estimated living cost  is ₴18146 per week

₴11688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴1949
-₴1577
-₴1785
-₴3169
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
accident
-
-
-
265
income
-
-
-
4 462
other
-
-
-
29
unemployment
-
-
-
207
pensions
-
-
-
8 349
total
-
-
-
13 312
Employee
24 773
-
22 369
-
other
25
-
23
-
unemployment
384
-
347
-
pensions
1 164
-
1 051
-
income
5 227
-
4 552
-
total
6 800
-
5 973
-
Employer
24 773
-
22 369
-
pensions
5 846
-
5 279
-
accident
490
-
443
-
unemployment
1 363
-
1 231
-
other
197
-
178
-
total
7 896
-
7 131
-
Corporate
-
29 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
4 425
-
-
total
-
4 425
-
-
Dividends
-
25 075
-
-
withholding
-
5 153
-
-
total
-
5 153
-
-
Income
29 500
29 500
29 500
29 500
Total tax
14 696
9 578
13 104
13 312
After tax
14 804
19 922
16 396
16 188
Living cost
17 973
17 973
17 973
17 973
Free-cash
-3 169
1 949
-1 577
-1 785

Estimated living cost  is ₴17973 per week

₴13235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
-₴8545
-₴7012
-₴7603
-₴12691
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
communal
-
-
-
-
accident
-
-
-
265
income
-
-
-
1 299
surtax
-
-
-
1 561
health
-
-
-
2 212
pensions
-
-
-
4 720
total
-
-
-
10 057
Employee
37 688
-
26 351
-
pensions
3 015
-
2 108
-
surtax
2 310
-
1 615
-
income
3 640
-
1 421
-
health
1 677
-
1 173
-
total
10 642
-
6 317
-
Employer
37 688
-
26 351
-
health
1 149
-
804
-
pensions
3 015
-
2 108
-
accident
339
-
237
-
total
4 503
-
3 149
-
Corporate
-
29 500
-
-
communal
-
1 991
-
-
income
-
4 425
-
-
surtax
-
310
-
-
total
-
6 726
-
-
Dividends
-
22 775
-
-
income
-
857
-
-
withholding
-
3 416
-
-
total
-
4 273
-
-
Income
29 500
29 500
29 500
29 500
Total tax
15 145
10 999
9 466
10 057
After tax
14 355
18 501
20 034
19 443
Living cost
27 046
27 046
27 046
27 046
Free-cash
-12 691
-8 545
-7 012
-7 603

Estimated living cost  is ₴27046 per week

₴20288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴7378
₴4782
₴5418
₴5794
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
4 504
other
-
-
-
-
surtax
-
-
-
292
unemployment
-
-
-
113
health
-
-
-
2 095
pensions
-
-
-
5 900
total
-
-
-
12 904
Employee
16 760
-
24 369
-
other
-
-
-
-
unemployment
1 166
-
1 696
-
pensions
1 118
-
1 625
-
surtax
59
-
243
-
income
2 810
-
4 223
-
health
428
-
621
-
total
5 581
-
8 408
-
Employer
16 760
-
24 369
-
health
762
-
1 110
-
pensions
2 235
-
3 249
-
unemployment
532
-
773
-
other
-
-
-
-
total
3 529
-
5 132
-
Corporate
9 212
29 500
-
-
income
2 395
7 670
-
-
total
2 395
7 670
-
-
Dividends
6 817
21 830
-
-
withholding
1 023
3 274
-
-
total
1 023
3 274
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 528
10 944
13 540
12 904
After tax
16 972
18 556
15 960
16 596
Living cost
11 178
11 178
11 178
11 178
Free-cash
5 794
7 378
4 782
5 418

Estimated living cost  is ₴11178 per week

₴6749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴2100
₴879
₴2537
₴996
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
social contributions
-
-
-
7 588
regional
-
-
-
444
municipal
-
-
-
176
national
-
-
-
5 349
total
-
-
-
13 557
Employee
27 607
-
29 500
-
municipal
146
-
157
-
national
4 374
-
4 713
-
regional
372
-
397
-
social contributions
9 309
-
9 948
-
total
14 201
-
15 215
-
Employer
27 607
-
29 500
-
total
-
-
-
-
Corporate
1 893
29 500
-
-
municipal
94
1 466
-
-
nationa
454
7 080
-
-
total
548
8 546
-
-
Dividends
1 345
20 954
-
-
withholding
349
5 448
-
-
total
349
5 448
-
-
Income
29 500
29 500
29 500
29 500
Total tax
15 098
13 994
15 215
13 557
After tax
14 402
15 506
14 285
15 943
Living cost
13 406
13 406
13 406
13 406
Free-cash
996
2 100
879
2 537

Estimated living cost  is ₴13406 per week

₴8337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴5272
-₴69
-₴671
-₴136
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
2 536
social contributions
-
-
-
8 614
solidarity contribution
-
-
-
-
health
-
-
-
3 982
total
-
-
-
15 132
Employee
22 117
-
22 015
-
solidarity contribution
-
-
-
-
social contributions
1 438
-
1 431
-
income
2 654
-
2 642
-
health
2 986
-
2 972
-
total
7 078
-
7 045
-
Employer
22 117
-
22 015
-
health
1 990
-
1 981
-
social contributions
5 529
-
5 504
-
total
7 519
-
7 485
-
Corporate
-
29 500
-
-
income
-
5 605
-
-
total
-
5 605
-
-
Dividends
-
23 895
-
-
withholding
-
3 584
-
-
total
-
3 584
-
-
Income
29 500
29 500
29 500
29 500
Total tax
14 597
9 189
14 530
15 132
After tax
14 903
20 311
14 970
14 368
Living cost
15 039
15 039
15 039
15 039
Free-cash
-136
5 272
-69
-671

Estimated living cost  is ₴15039 per week

₴11184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴1051
-₴4645
₴478
₴733
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
2 259
surtax
-
-
-
-
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
118
health
-
-
-
2 257
pensions
-
-
-
5 458
total
-
-
-
13 144
Employee
21 755
19 833
22 907
-
other
217
198
229
-
unemployment
653
595
688
-
pensions
2 228
2 031
2 346
-
income
1 938
1 463
2 268
-
health
841
768
887
-
total
5 877
5 055
6 418
-
Employer
21 755
19 833
22 907
-
chamber of commerce
87
79
92
-
health
823
750
866
-
pensions
2 730
2 490
2 875
-
accident
282
258
297
-
unemployment
653
595
688
-
surtax
-
-
-
-
payroll
653
595
688
-
other
1 033
942
1 088
-
total
6 261
5 709
6 594
-
Corporate
1 889
3 959
21 018
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

472
990
5 255
-
total
472
990
5 255
-
Dividends
1 012
2 969
-
-
withholding
279
817
-
-
total
279
817
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 889
12 571
18 267
13 144
After tax
16 611
16 929
11 233
16 356
Living cost
15 878
15 878
15 878
15 878
Free-cash
733
1 051
-4 645
478

Estimated living cost  is ₴15878 per week

₴9525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴21776
₴17351
₴22956
₴20605
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
29 500
microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

-
-
-
295
total
-
-
-
295
Employee
7 811
-
29 500
-
income
1 562
-
5 900
-
total
1 562
-
5 900
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

21 689
29 500
-
-
total
-
-
-
-
Dividends
21 689
29 500
-
-
withholding
1 084
1 475
-
-
total
1 084
1 475
-
-
Income
29 500
29 500
29 500
29 500
Total tax
2 646
1 475
5 900
295
After tax
26 854
28 025
23 600
29 205
Living cost
6 249
6 249
6 249
6 249
Free-cash
20 605
21 776
17 351
22 956

Estimated living cost  is ₴6249 per week

₴4229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴6962
₴1957
₴2802
₴2800
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
29 500
income
-
-
-
5 015
unemployment
-
-
-
44
health
-
-
-
2 903
pensions
-
-
-
5 387
total
-
-
-
13 349
Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

22 007
-
25 526
-
unemployment
31
-
36
-
pensions
3 411
-
3 956
-
income
3 795
-
4 579
-
health
1 421
-
1 649
-
total
8 658
-
10 220
-
Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

22 007
-
25 526
-
health
1 466
-
1 700
-
pensions
1 947
-
2 259
-
unemployment
13
-
15
-
total
3 426
-
3 974
-
Corporate
4 066
29 500
-
-
income
773
5 605
-
-
total
773
5 605
-
-
Dividends
3 294
23 895
-
-
withholding
494
3 584
-
-
total
494
3 584
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 351
9 189
14 194
13 349
After tax
16 149
20 311
15 306
16 151
Living cost
13 349
13 349
13 349
13 349
Free-cash
2 800
6 962
1 957
2 802

Estimated living cost  is ₴13349 per week

₴9161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
-₴3310
₴1761
-₴871
-₴43960
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
5 750
social contributions
-
-
-
3 363
total
-
-
-
9 113
Employee
30 481
-
-
-
social contributions
2 499
-
356
-
income
6 724
-
-
-
total
9 223
-
356
-
Employer
30 481
-
-
-
social contributions
42 979
-
6 125
-
total
42 979
-
6 125
-
Corporate
-
29 500
-
-
income
-
6 490
-
-
total
-
6 490
-
-
Dividends
-
23 010
-
-
income
-
5 062
-
-
total
-
5 062
-
-
Income
29 500
29 500
29 500
29 500
Total tax
52 202
11 552
6 481
9 113
After tax
-22 702
17 948
23 019
20 387
Living cost
21 258
21 258
21 258
21 258
Free-cash
-43 960
-3 310
1 761
-871

Estimated living cost  is ₴21258 per week

₴13793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1999
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴1170
₴549
₴1380
₴669
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
29 500
income
-
-
-
2 259
surtax
-
-
-
-
social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

-
-
-
10 251
total
-
-
-
12 510
Employee
22 889
-
23 838
-
surtax
-
-
-
-
social contributions
2 518
-
2 622
-
income
4 761
-
5 057
-
total
7 279
-
7 679
-
Employer
22 889
-
23 838
-
social contributions
5 436
-
5 662
-
total
5 436
-
5 662
-
Corporate
1 175
29 500
-
-
income
246
6 195
-
-
surtax
-
-
-
-
total
246
6 195
-
-
Dividends
928
23 305
-
-
withholding
260
6 525
-
-
total
260
6 525
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 221
12 720
13 341
12 510
After tax
16 279
16 780
16 159
16 990
Living cost
15 610
15 610
15 610
15 610
Free-cash
669
1 170
549
1 380

Estimated living cost  is ₴15610 per week

₴11680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-₴9169
-₴6137
-₴6380
-₴11407
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
1 366
other
-
-
-
914
surtax
-
-
-
-
social contributions
-
-
-
841
health
-
-
-
256
pensions
-
-
-
8 466
total
-
-
-
11 843
Employee
31 170
-
22 480
-
pensions
3 526
-
2 542
-
surtax
-
-
-
-
social contributions
888
-
640
-
income
2 720
-
1 400
-
total
7 134
-
4 582
-
Employer
31 170
-
22 480
-
health
2 182
-
1 573
-
pensions
5 122
-
3 693
-
unemployment
1 263
-
910
-
social contributions
93
-
67
-
other
1 076
-
775
-
total
9 736
-
7 018
-
Corporate
-
29 500
-
-
income
-
8 260
-
-
surtax
-
-
-
-
total
-
8 260
-
-
Dividends
-
21 240
-
-
surtax
-
-
-
-
social contributions
-
3 653
-
-
withholding
-
2 719
-
-
total
-
6 372
-
-
Income
29 500
29 500
29 500
29 500
Total tax
16 870
14 632
11 600
11 843
After tax
12 630
14 868
17 900
17 657
Living cost
24 037
24 037
24 037
24 037
Free-cash
-11 407
-9 169
-6 137
-6 380

Estimated living cost  is ₴24037 per week

₴16268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴11590
₴8861
₴8033
₴9918
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
17
social contributions
-
-
-
6 490
total
-
-
-
6 507
Employee
16 000
-
25 541
-
income
-
-
60
-
social contributions
1 040
-
1 660
-
total
1 040
-
1 720
-
Employer
16 000
-
25 541
-
social contributions
2 480
-
3 959
-
total
2 480
-
3 959
-
Corporate
11 020
29 500
-
-
income
1 102
2 950
-
-
total
1 102
2 950
-
-
Dividends
9 918
26 550
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
4 622
2 950
5 679
6 507
After tax
24 878
26 550
23 821
22 993
Living cost
14 960
14 960
14 960
14 960
Free-cash
9 918
11 590
8 861
8 033

Estimated living cost  is ₴14960 per week

₴9673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴78927
-₴78927
-₴4877
-₴78927
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
labour market
-
-
-
2 325
municipal
-
-
-
4 834
national
-
-
-
2 820
pensions
-
-
-
431
total
-
-
-
10 410
Employee
101 158
101 158
101 158
-
municipal
21 541
21 541
21 541
-
labour market
8 081
8 081
8 081
-
pensions
144
144
144
-
national
12 358
12 358
12 358
-
total
42 124
42 124
42 124
-
Employer
101 158
101 158
101 158
-
national
12 380
12 380
12 380
-
labour market
8 093
8 093
8 093
-
pensions
288
288
288
-
municipal
21 575
21 575
21 575
-
total
42 336
42 336
42 336
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
84 460
84 460
84 460
10 410
After tax
-54 960
-54 960
-54 960
19 090
Living cost
23 967
23 967
23 967
23 967
Free-cash
-78 927
-78 927
-78 927
-4 877

Estimated living cost  is ₴23967 per week

₴16403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴8557
₴4632
₴9434
₴710
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
accident
-
-
-
128
income
-
-
-
5 602
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
9 119
Employee
17 220
-
24 506
-
pensions
1 939
-
2 759
-
income
2 362
-
3 362
-
health
1 972
-
2 806
-
total
6 273
-
8 927
-
Employer
17 220
-
24 506
-
pensions
2 800
-
3 985
-
accident
288
-
409
-
unemployment
422
-
600
-
total
3 510
-
4 994
-
Corporate
8 771
29 500
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

7 893
26 550
-
-
total
7 893
26 550
-
-
Dividends
877
2 950
-
-
withholding
167
560
-
-
total
167
560
-
-
Income
29 500
29 500
29 500
29 500
Total tax
17 843
27 110
13 921
9 119
After tax
11 657
2 390
15 579
20 381
Living cost
10 947
10 947
10 947
10 947
Free-cash
710
-8 557
4 632
9 434

Estimated living cost  is ₴10947 per week

₴7968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
₴1243
-₴937
₴3638
-₴1624
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
29 500
health
-
-
-
246
municipal
-
-
-
5 265
national
-
-
-
1 244
total
-
-
-
6 755
Employee
26 184
-
24 818
-
municipal
4 289
-
4 067
-
unemployment
393
-
372
-
pensions
1 767
-
1 675
-
national
433
-
358
-
health
195
-
175
-
total
7 077
-
6 647
-
Employer
26 184
-
24 818
-
health
201
-
191
-
pensions
4 543
-
4 306
-
accident
26
-
25
-
unemployment
170
-
161
-
total
4 940
-
4 683
-
Corporate
-
29 500
-
-
income
-
5 900
-
-
total
-
5 900
-
-
Dividends

Finish residents use 75% of income from dividends as a base for income tax.

-
17 700
-
-
municipal
-
3 186
-
-
national
-
64
-
-
total
-
3 250
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 017
9 150
11 330
6 755
After tax
17 483
20 350
18 170
22 745
Living cost
19 107
19 107
19 107
19 107
Free-cash
-1 624
1 243
-937
3 638

Estimated living cost  is ₴19107 per week

₴12481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴6723
₴8694
₴11476
₴7478
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
1 146
social contributions
-
-
-
4 602
health
-
-
-
753
total
-
-
-
6 501
Employee
38 269
38 269
38 269
-
social contributions
1 447
3 176
2 223
-
income
4 167
3 543
3 886
-
health
297
651
455
-
total
5 911
7 370
6 564
-
Employer
38 269
38 269
38 269
-
health
322
708
496
-
social contributions
1 447
3 176
2 223
-
total
1 769
3 884
2 719
-
Corporate
10 298
-
-
-
income
1 287
-
-
-
total
1 287
-
-
-
Dividends
9 011
-
-
-
withholding
1 532
-
-
-
total
1 532
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 499
11 254
9 283
6 501
After tax
19 001
18 246
20 217
22 999
Living cost
11 523
11 523
11 523
11 523
Free-cash
7 478
6 723
8 694
11 476

Estimated living cost  is ₴11523 per week

₴6906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴16527
₴10365
₴14096
₴13994
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
29 500
income
-
-
-
2 521
unemployment
-
-
-
14
health
-
-
-
1 801
pensions
-
-
-
3 166
total
-
-
-
7 502
Employee

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

11 423
-
26 744
-
unemployment
57
-
134
-
pensions
1 713
-
4 012
-
income
781
-
2 060
-
health
971
-
2 273
-
total
3 522
-
8 479
-
Employer

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

11 423
-
26 744
-
health
491
-
1 150
-
pensions
628
-
1 470
-
unemployment
57
-
134
-
total
1 176
-
2 754
-
Corporate
16 901
29 500
-
-
income
1 521
2 655
-
-
total
1 521
2 655
-
-
Dividends
15 379
26 845
-
-
withholding
1 385
2 416
-
-
total
1 385
2 416
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 604
5 071
11 233
7 502
After tax
21 896
24 429
18 267
21 998
Living cost
7 902
7 902
7 902
7 902
Free-cash
13 994
16 527
10 365
14 096

Estimated living cost  is ₴7902 per week

₴5041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴569
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴6237
₴2711
₴2503
₴3603
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
accident
-
-
-
265
income
-
-
-
4 462
other
-
-
-
29
unemployment
-
-
-
207
pensions
-
-
-
8 349
total
-
-
-
13 312
Employee
18 402
-
22 369
-
other
18
-
23
-
unemployment
285
-
347
-
pensions
865
-
1 051
-
income
3 548
-
4 552
-
total
4 716
-
5 973
-
Employer
18 402
-
22 369
-
pensions
4 342
-
5 279
-
accident
365
-
443
-
unemployment
1 012
-
1 231
-
other
147
-
178
-
total
5 866
-
7 131
-
Corporate
5 231
29 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

785
4 425
-
-
total
785
4 425
-
-
Dividends
4 446
25 075
-
-
withholding
845
5 153
-
-
total
845
5 153
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 212
9 578
13 104
13 312
After tax
17 288
19 922
16 396
16 188
Living cost
13 685
13 685
13 685
13 685
Free-cash
3 603
6 237
2 711
2 503

Estimated living cost  is ₴13685 per week

₴9237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1316
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴17400
₴17503
₴17575
₴17234
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
9 649
health
-
-
-
533
pensions
-
-
-
735
total
-
-
-
10 917
Employee
1 535
-
28 673
-
unemployment
15
-
37
-
pensions
138
-
331
-
income
297
-
9 610
-
health
77
-
184
-
total
527
-
10 162
-
Employer
1 535
-
28 673
-
health
146
-
349
-
pensions
169
-
404
-
unemployment
31
-
74
-
total
346
-
827
-
Corporate
27 619
29 500
-
-
income
6 076
6 490
-
-
total
6 076
6 490
-
-
Dividends
21 543
23 010
-
-
withholding
4 309
4 602
-
-
total
4 309
4 602
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 258
11 092
10 989
10 917
After tax
18 242
18 408
18 511
18 583
Living cost
1 008
1 008
1 008
1 008
Free-cash
17 234
17 400
17 503
17 575

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴12724
₴7248
₴5978
₴10280
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

-
-
-
29 500
income
-
-
-
3 779
unemployment
-
-
-
443
health
-
-
-
3 039
pensions
-
-
-
7 670
total
-
-
-
14 931
Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

12 954
-
25 021
-
unemployment
97
-
188
-
pensions
1 814
-
3 503
-
income
1 786
-
4 202
-
health
667
-
1 289
-
total
4 364
-
9 182
-
Employer

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

12 954
-
25 021
-
health
667
-
1 289
-
pensions
1 554
-
3 003
-
unemployment
97
-
188
-
total
2 318
-
4 480
-
Corporate
14 227
29 500
-
-
income
2 134
4 425
-
-
total
2 134
4 425
-
-
Dividends
12 093
25 075
-
-
withholding
1 814
3 761
-
-
total
1 814
3 761
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 630
8 186
13 662
14 931
After tax
18 870
21 314
15 838
14 569
Living cost
8 590
8 590
8 590
8 590
Free-cash
10 280
12 724
7 248
5 978

Estimated living cost  is ₴8590 per week

₴5784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴664
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴3363
₴2742
₴3573
₴3183
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
29 500
income
-
-
-
2 259
surtax
-
-
-
-
social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

-
-
-
10 251
total
-
-
-
12 510
Employee
19 316
-
23 838
-
surtax
-
-
-
-
social contributions
2 125
-
2 622
-
income
3 774
-
5 057
-
total
5 899
-
7 679
-
Employer
19 316
-
23 838
-
social contributions
4 587
-
5 662
-
total
4 587
-
5 662
-
Corporate
5 597
29 500
-
-
income
1 176
6 195
-
-
surtax
-
-
-
-
total
1 176
6 195
-
-
Dividends
4 421
23 305
-
-
withholding
1 238
6 525
-
-
total
1 238
6 525
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 900
12 720
13 341
12 510
After tax
16 600
16 780
16 159
16 990
Living cost
13 417
13 417
13 417
13 417
Free-cash
3 183
3 363
2 742
3 573

Estimated living cost  is ₴13417 per week

₴9503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴2432
-₴1094
-₴1302
-₴2199
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
accident
-
-
-
265
income
-
-
-
4 462
other
-
-
-
29
unemployment
-
-
-
207
pensions
-
-
-
8 349
total
-
-
-
13 312
Employee
24 035
-
22 369
-
other
24
-
23
-
unemployment
372
-
347
-
pensions
1 130
-
1 051
-
income
5 020
-
4 552
-
total
6 546
-
5 973
-
Employer
24 035
-
22 369
-
pensions
5 672
-
5 279
-
accident
476
-
443
-
unemployment
1 322
-
1 231
-
other
193
-
178
-
total
7 663
-
7 131
-
Corporate
-
29 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

-
4 425
-
-
total
-
4 425
-
-
Dividends
-
25 075
-
-
withholding
-
5 153
-
-
total
-
5 153
-
-
Income
29 500
29 500
29 500
29 500
Total tax
14 209
9 578
13 104
13 312
After tax
15 291
19 922
16 396
16 188
Living cost
17 490
17 490
17 490
17 490
Free-cash
-2 199
2 432
-1 094
-1 302

Estimated living cost  is ₴17490 per week

₴12561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴16663
₴12407
₴11875
₴13631
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
4 425
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

-
-
-
2 572
total
-
-
-
9 066
Employee
11 334
-
26 090
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

995
-
1 526
-
income
1 134
-
2 609
-
health
521
-
799
-
total
2 775
-
5 125
-
Employer
11 334
-
26 090
-
health
782
-
1 199
-
pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

1 249
-
1 915
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
unemployment
68
-
104
-
total
2 224
-
3 409
-
Corporate
15 943
29 500
-
-
income
1 594
2 950
-
-
total
1 594
2 950
-
-
Dividends
14 349
26 550
-
-
withholding
717
1 328
-
-
total
717
1 328
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 310
4 278
8 534
9 066
After tax
22 190
25 222
20 966
20 434
Living cost
8 559
8 559
8 559
8 559
Free-cash
13 631
16 663
12 407
11 875

Estimated living cost  is ₴8559 per week

₴5661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
-₴3937
₴3304
₴2391
₴2575
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

-
-
-
29 500
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

-
-
-
3 395
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

-
-
-
187
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

-
-
-
3 400
trade
-
-
-
913
total
-
-
-
7 895
Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

24 762
-
29 500
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

112
-
187
-
income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

2 036
-
3 395
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

3 400
-
3 400
-
total
5 548
-
6 982
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
4 738
29 500
-
-
income
710
4 425
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

39
244
-
-
chamber of commerce
82
119
-
-
trade
680
4 233
-
-
total
1 511
9 021
-
-
Dividends
3 227
20 480
-
-
surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

34
271
-
-
withholding
618
4 931
-
-
total
652
5 202
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 711
14 223
6 982
7 895
After tax
21 789
15 277
22 518
21 605
Living cost
19 214
19 214
19 214
19 214
Free-cash
2 575
-3 937
3 304
2 391

Estimated living cost  is ₴19214 per week

₴13254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
-₴7699
-₴5389
-₴5389
-₴9430
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
4 342
social contributions
-
-
-
2 197
total
-
-
-
6 539
Employee
38 929
-
29 500
-
income
7 346
-
4 342
-
social contributions
3 234
-
2 197
-
total
10 580
-
6 539
-
Employer
38 929
-
29 500
-
total
-
-
-
-
Corporate
-
29 500
-
-
income
-
3 687
-
-
total
-
3 687
-
-
Dividends
-
25 813
-
-
withholding
-
5 162
-
-
total
-
5 162
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 580
8 849
6 539
6 539
After tax
18 920
20 651
22 961
22 961
Living cost
28 350
28 350
28 350
28 350
Free-cash
-9 430
-7 699
-5 389
-5 389

Estimated living cost  is ₴28350 per week

₴21568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
-₴1520
₴3284
-₴5749
₴1363
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
29 500
income
-
-
-
14 166
health

This is an average price for a private worldwide health insurance. The price will vary depending on your age and health condition.

-
-
-
3 017
total
-
-
-
17 183
Employee
22 830
-
27 211
-
income
2 477
-
3 572
-
social contributions
2 287
-
2 289
-
total
4 764
-
5 861
-
Employer
22 830
-
27 211
-
social contributions
2 287
-
2 289
-
total
2 287
-
2 289
-
Corporate
4 382
29 500
-
-
income
1 534
10 325
-
-
total
1 534
10 325
-
-
Dividends
2 848
19 175
-
-
social contributions
1 486
2 629
-
-
total
1 486
2 629
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 071
12 954
8 150
17 183
After tax
19 429
16 546
21 350
12 317
Living cost
18 066
18 066
18 066
18 066
Free-cash
1 363
-1 520
3 284
-5 749

Estimated living cost  is ₴18066 per week

₴11900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴3637
₴661
₴3674
₴830
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
income
-
-
-
5 535
pensions
-
-
-
1 825
total
-
-
-
7 360
Employee
25 347
-
26 306
-
pensions
1 935
-
2 050
-
income
4 616
-
4 781
-
health
331
-
350
-
total
6 882
-
7 181
-
Employer
25 347
-
26 306
-
health
482
-
500
-
pensions
2 561
-
2 692
-
total
3 043
-
3 192
-
Corporate
1 110
29 500
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

211
5 605
-
-
total
211
5 605
-
-
Dividends
899
23 895
-
-
withholding
68
1 792
-
-
total
68
1 792
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 204
7 397
10 373
7 360
After tax
19 296
22 103
19 127
22 140
Living cost
18 466
18 466
18 466
18 466
Free-cash
830
3 637
661
3 674

Estimated living cost  is ₴18466 per week

₴12668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴9641
₴3548
₴8350
₴543
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
accident
-
-
-
128
income
-
-
-
5 602
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
9 119
Employee
18 925
-
24 506
-
pensions
2 131
-
2 759
-
income
2 596
-
3 362
-
health
2 167
-
2 806
-
total
6 894
-
8 927
-
Employer
18 925
-
24 506
-
pensions
3 077
-
3 985
-
accident
316
-
409
-
unemployment
464
-
600
-
total
3 857
-
4 994
-
Corporate
6 719
29 500
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

6 047
26 550
-
-
total
6 047
26 550
-
-
Dividends
672
2 950
-
-
withholding
128
560
-
-
total
128
560
-
-
Income
29 500
29 500
29 500
29 500
Total tax
16 926
27 110
13 921
9 119
After tax
12 574
2 390
15 579
20 381
Living cost
12 031
12 031
12 031
12 031
Free-cash
543
-9 641
3 548
8 350

Estimated living cost  is ₴12031 per week

₴8829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

Close
Skopje , Macedonia
₴18351
₴10679
₴10679
₴15931
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
29 500
income
-
-
-
3 984
unemployment
-
-
-
354
work injury
-
-
-
148
health insurance
-
-
-
2 183
pensions
-
-
-
5 428
total
-
-
-
12 097
Employee

Minimal social contribution is 50% of an average salary to a maximum of six average salaries.

10 758
-
29 500
-
health insurance
796
-
2 183
-
unemployment
129
-
354
-
work injury
54
-
148
-
pensions
1 979
-
5 428
-
income
1 076
-
3 984
-
total
4 034
-
12 097
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
18 742
29 500
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
-
-
-
total
-
-
-
-
Dividends
18 742
29 500
-
-
withholding
2 811
4 425
-
-
total
2 811
4 425
-
-
Income
29 500
29 500
29 500
29 500
Total tax
6 845
4 425
12 097
12 097
After tax
22 655
25 075
17 403
17 403
Living cost
6 724
6 724
6 724
6 724
Free-cash
15 931
18 351
10 679
10 679

Estimated living cost  is ₴6724 per week

₴4165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
-₴4288
-₴5555
-₴3917
-₴12437
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
29 500
social contributions
-
-
-
7 588
regional
-
-
-
457
municipal
-
-
-
197
national
-
-
-
5 349
total
-
-
-
13 591
Employee
41 937
-
29 500
-
municipal
250
-
176
-
national
7 087
-
4 713
-
regional
633
-
392
-
social contributions
14 141
-
9 948
-
total
22 111
-
15 229
-
Employer
41 937
-
29 500
-
total
-
-
-
-
Corporate
-
29 500
-
-
municipal
-
1 422
-
-
nationa
-
7 080
-
-
total
-
8 502
-
-
Dividends
-
20 997
-
-
withholding
-
5 460
-
-
total
-
5 460
-
-
Income
29 500
29 500
29 500
29 500
Total tax
22 111
13 962
15 229
13 591
After tax
7 389
15 538
14 271
15 909
Living cost
19 826
19 826
19 826
19 826
Free-cash
-12 437
-4 288
-5 555
-3 917

Estimated living cost  is ₴19826 per week

₴13927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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