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
₴1947
₴6696
₴7650
₴9152
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
trade
-
-
-
1 502
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.

-
-
-
4 177
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.

-
-
-
2 934
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.

-
-
-
230
total
-
-
-
8 843
Employee

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

16 425
-
29 500
-
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.

2 934
-
2 934
-
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.

25
-
230
-
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.

459
-
4 177
-
total
3 418
-
7 341
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 075
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.

108
244
-
-
income
1 962
4 425
-
-
trade
2 059
4 646
-
-
chamber of commerce
84
108
-
-
total
4 213
9 423
-
-
Dividends
8 863
20 078
-
-
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.

113
267
-
-
withholding
2 053
4 856
-
-
total
2 166
5 123
-
-
Income
29 500
29 500
29 500
29 500
Total tax
9 797
14 546
7 341
8 843
After tax
19 703
14 954
22 159
20 657
Living cost
13 007
13 007
13 007
13 007
Free-cash
6 696
1 947
9 152
7 650

Estimated living cost  is ₴13007 per week

₴8182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
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.
₴3066
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
-₴3259
-₴7137
-₴3436
-₴3205
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
municipal
-
-
-
2 907
pensions
-
-
-
3 540
national
-
-
-
4 505
social contributions
-
-
-
317
total
-
-
-
11 269
Employee
33 588
-
25 502
-
municipal
4 149
-
3 022
-
pensions
1 344
-
1 020
-
national
6 429
-
4 682
-
total
11 922
-
8 724
-
Employer
33 588
-
25 502
-
social contributions
361
-
274
-
pensions
2 687
-
2 040
-
total
3 048
-
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
14 970
11 092
11 038
11 269
After tax
14 530
18 408
18 462
18 231
Living cost
21 667
21 667
21 667
21 667
Free-cash
-7 137
-3 259
-3 205
-3 436

Estimated living cost  is ₴21667 per week

₴14727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
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.
₴4602
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
₴14666
₴11143
₴14789
₴7847
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
microenterprise
-
-
-
4 425
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.

-
-
-
1 352
total
-
-
-
5 777
Employee
12 548
-
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.

1 381
-
2 615
-
surtax
-
-
-
-
income
2 234
-
4 377
-
total
3 615
-
6 992
-
Employer
12 548
-
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.

3 023
-
5 727
-
surtax
-
-
-
-
total
3 023
-
5 727
-
Corporate
13 929
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%.

2 785
5 900
-
-
total
2 785
5 900
-
-
Dividends

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

11 144
23 600
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
9 423
5 900
12 719
5 777
After tax
20 077
23 600
16 781
23 723
Living cost
8 934
8 934
8 934
8 934
Free-cash
11 143
14 666
7 847
14 789

Estimated living cost  is ₴8934 per week

₴5700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
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.
₴2181
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
-₴10733
-₴13144
-₴1170
-₴13144
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
-
-
-
3 270
pensions
-
-
-
5 031
health
-
-
-
4 379
total
-
-
-
12 680
Employee
36 672
36 672
36 672
-
health
5 629
4 788
5 629
-
income

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

6 003
6 003
6 003
-
pensions
6 601
5 031
6 601
-
total
18 233
15 822
18 233
-
Employer
36 672
36 672
36 672
-
unemployment
1 320
1 320
1 320
-
pensions
2 552
2 552
2 552
-
health
2 549
2 549
2 549
-
total
6 421
6 421
6 421
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
24 654
22 243
24 654
12 680
After tax
4 846
7 257
4 846
16 820
Living cost
17 990
17 990
17 990
17 990
Free-cash
-13 144
-10 733
-13 144
-1 170

Estimated living cost  is ₴17990 per week

₴12749
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.
₴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.
₴3333
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
-₴439
-₴1485
-₴1841
-₴793
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
municipal
-
-
-
6 248
accident
-
-
-
59
pensions
-
-
-
3 189
other
-
-
-
3 428
unemployment
-
-
-
30
health
-
-
-
1 841
national
-
-
-
-
total
-
-
-
14 795
Employee
23 577
-
22 447
-
municipal
7 031
-
6 694
-
national
-
-
-
-
total
7 031
-
6 694
-
Employer
23 577
-
22 447
-
accident
47
-
45
-
other
2 740
-
2 608
-
unemployment
622
-
593
-
pensions
2 549
-
2 427
-
health
1 450
-
1 380
-
total
7 408
-
7 053
-
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
14 439
13 393
13 747
14 795
After tax
15 061
16 107
15 753
14 705
Living cost
16 546
16 546
16 546
16 546
Free-cash
-1 485
-439
-793
-1 841

Estimated living cost  is ₴16546 per week

₴10966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
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.
₴3705
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
-₴2068
₴3967
₴3720
₴5289
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
trade
-
-
-
1 569
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.

-
-
-
4 177
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.

-
-
-
2 934
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.

-
-
-
230
total
-
-
-
8 910
Employee

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

21 778
-
29 500
-
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.

2 934
-
2 934
-
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.

103
-
230
-
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.

1 871
-
4 177
-
total
4 908
-
7 341
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
7 722
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.

64
244
-
-
income
1 158
4 425
-
-
trade
1 270
4 853
-
-
chamber of commerce
76
107
-
-
total
2 568
9 629
-
-
Dividends
5 155
19 872
-
-
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.

62
264
-
-
withholding
1 125
4 805
-
-
total
1 187
5 069
-
-
Income
29 500
29 500
29 500
29 500
Total tax
8 663
14 698
7 341
8 910
After tax
20 837
14 802
22 159
20 590
Living cost
16 870
16 870
16 870
16 870
Free-cash
3 967
-2 068
5 289
3 720

Estimated living cost  is ₴16870 per week

₴11283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
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.
₴3556
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
₴5860
₴5960
₴8500
₴6931
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
-
-
-
1 717
health
-
-
-
752
social contributions
-
-
-
4 602
total
-
-
-
7 071
Employee
33 022
33 022
33 022
-
social contributions
1 605
2 741
2 223
-
health
328
561
456
-
income
3 468
3 057
3 243
-
total
5 401
6 359
5 922
-
Employer
33 022
33 022
33 022
-
social contributions
1 605
2 741
2 223
-
health
358
611
495
-
total
1 963
3 352
2 718
-
Corporate
8 208
-
-
-
income
1 026
-
-
-
total
1 026
-
-
-
Dividends
7 182
-
-
-
withholding
1 221
-
-
-
total
1 221
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
9 611
9 711
8 640
7 071
After tax
19 889
19 789
20 860
22 429
Living cost
13 929
13 929
13 929
13 929
Free-cash
5 960
5 860
6 931
8 500

Estimated living cost  is ₴13929 per week

₴9522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
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.
₴3085
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
₴8890
₴9051
₴12657
₴9322
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
pensions
-
-
-
2 950
unemployment
-
-
-
443
health
-
-
-
2 065
total
-
-
-
9 064
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.

11 229
4 469
24 686
-
health
786
313
1 728
-
income
1 373
546
3 018
-
pensions
1 123
447
2 469
-
unemployment
168
67
370
-
total
3 450
1 373
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.

11 229
4 469
24 686
-
pensions
2 190
871
4 814
-
total
2 190
871
4 814
-
Corporate
16 081
24 160
-
-
income
1 447
2 174
-
-
total
1 447
2 174
-
-
Dividends
14 634
21 985
-
-
social contributions
2 803
4 236
-
-
withholding
2 780
4 177
-
-
total
5 583
8 413
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 670
12 831
12 399
9 064
After tax
16 830
16 669
17 101
20 436
Living cost
7 779
7 779
7 779
7 779
Free-cash
9 051
8 890
9 322
12 657

Estimated living cost  is ₴7779 per week

₴5308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
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.
₴1679
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
₴13228
₴10559
₴5526
₴6631
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
-
-
-
3 867
pensions
-
-
-
5 900
health
-
-
-
3 835
total
-
-
-
13 602
Employee
12 182
-
22 048
-
income
1 372
-
4 251
-
pensions
244
-
441
-
unemployment
195
-
353
-
total
1 811
-
5 045
-
Employer
12 182
-
22 048
-
unemployment
98
-
176
-
pensions
2 437
-
4 410
-
health
1 583
-
2 866
-
total
4 118
-
7 452
-
Corporate
13 200
29 500
-
-
income
2 640
5 900
-
-
total
2 640
5 900
-
-
Dividends
10 560
23 600
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
8 569
5 900
12 497
13 602
After tax
20 931
23 600
17 003
15 898
Living cost
10 372
10 372
10 372
10 372
Free-cash
10 559
13 228
6 631
5 526

Estimated living cost  is ₴10372 per week

₴7114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
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.
₴2432
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
-₴6989
₴953
₴10951
₴5791
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
-
-
-
108
income
-
-
-
6 200
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
9 170
Employee
14 754
-
24 506
-
health
1 689
-
2 806
-
income
2 024
-
3 771
-
pensions
1 661
-
2 759
-
total
5 374
-
9 336
-
Employer
14 754
-
24 506
-
accident
246
-
409
-
unemployment
361
-
600
-
pensions
2 399
-
3 985
-
total
3 006
-
4 994
-
Corporate
11 739
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.

10 565
26 550
-
-
total
10 565
26 550
-
-
Dividends
1 174
2 950
-
-
withholding
223
560
-
-
total
223
560
-
-
Income
29 500
29 500
29 500
29 500
Total tax
19 168
27 110
14 330
9 170
After tax
10 332
2 390
15 170
20 330
Living cost
9 379
9 379
9 379
9 379
Free-cash
953
-6 989
5 791
10 951

Estimated living cost  is ₴9379 per week

₴6874
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
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.
₴1790
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
₴24111
₴23378
₴25291
₴19686
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
4 892
-
29 500
-
income
978
-
5 900
-
total
978
-
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%.

24 608
29 500
-
-
total
-
-
-
-
Dividends
24 608
29 500
-
-
withholding
1 230
1 475
-
-
total
1 230
1 475
-
-
Income
29 500
29 500
29 500
29 500
Total tax
2 208
1 475
5 900
295
After tax
27 292
28 025
23 600
29 205
Living cost
3 914
3 914
3 914
3 914
Free-cash
23 378
24 111
19 686
25 291

Estimated living cost  is ₴3914 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
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.
₴1055
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
₴10230
₴7331
₴4531
₴5849
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
-
-
-
3 747
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.

-
-
-
7 080
other
-
-
-
1 401
health
-
-
-
1 298
total
-
-
-
13 526
Employee
15 592
-
23 563
-
health
218
-
330
-
income
2 684
-
4 056
-
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.

1 091
-
1 649
-
unemployment
156
-
236
-
total
4 149
-
6 271
-
Employer
15 592
-
23 563
-
accident
125
-
188
-
other
780
-
1 178
-
unemployment
156
-
236
-
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.

2 651
-
4 005
-
health
218
-
330
-
total
3 930
-
5 937
-
Corporate
9 978
29 500
-
-
income
2 095
6 195
-
-
total
2 095
6 195
-
-
Dividends
7 883
23 305
-
-
withholding
552
1 632
-
-
total
552
1 632
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 726
7 827
12 208
13 526
After tax
18 774
21 673
17 292
15 974
Living cost
11 443
11 443
11 443
11 443
Free-cash
7 331
10 230
5 849
4 531

Estimated living cost  is ₴11443 per week

₴8085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
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.
₴2401
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
-₴6804
-₴17006
-₴6853
-₴9990
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
-
-
-
5 513
pensions
-
-
-
1 933
total
-
-
-
7 446
Employee
40 899
-
26 202
-
health
674
-
373
-
income
7 373
-
4 729
-
pensions
3 946
-
2 182
-
total
11 993
-
7 284
-
Employer
40 899
-
26 202
-
pensions
4 829
-
2 801
-
health
777
-
498
-
total
5 606
-
3 299
-
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
17 599
7 397
10 583
7 446
After tax
11 901
22 103
18 917
22 054
Living cost
28 907
28 907
28 907
28 907
Free-cash
-17 006
-6 804
-9 990
-6 853

Estimated living cost  is ₴28907 per week

₴21661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
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.
₴3615
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
₴19594
₴17598
₴15441
₴16100
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
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
8 430
Employee
7 454
-
26 558
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
745
-
2 656
-
pensions

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

654
-
1 317
-
total
1 824
-
4 828
-
Employer
7 454
-
26 558
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 653
-
health
515
-
1 035
-
total
1 464
-
2 943
-
Corporate
20 583
29 500
-
-
income
2 058
2 950
-
-
total
2 058
2 950
-
-
Dividends
18 525
26 550
-
-
withholding
926
1 327
-
-
total
926
1 327
-
-
Income
29 500
29 500
29 500
29 500
Total tax
6 272
4 277
7 771
8 430
After tax
23 228
25 223
21 729
21 070
Living cost
5 629
5 629
5 629
5 629
Free-cash
17 598
19 594
16 100
15 441

Estimated living cost  is ₴5629 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
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.
₴1792
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
-₴16556
-₴17285
-₴6993
-₴18967
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
-
-
-
3 270
pensions
-
-
-
5 031
health
-
-
-
4 379
total
-
-
-
12 680
Employee
39 814
36 672
36 672
-
health
4 967
4 788
5 629
-
income

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

6 003
6 003
6 003
-
pensions
5 031
5 031
6 601
-
total
16 001
15 822
18 233
-
Employer
39 814
36 672
36 672
-
unemployment
1 433
1 320
1 320
-
pensions
2 771
2 552
2 552
-
health
2 767
2 549
2 549
-
total
6 971
6 421
6 421
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
22 972
22 243
24 654
12 680
After tax
6 528
7 257
4 846
16 820
Living cost
23 813
23 813
23 813
23 813
Free-cash
-17 285
-16 556
-18 967
-6 993

Estimated living cost  is ₴23813 per week

₴17566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
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.
₴3847
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
₴10047
₴6386
₴4103
₴4706
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
health
-
-
-
3 983
solidarity contribution
-
-
-
-
social contributions
-
-
-
8 614
total
-
-
-
15 133
Employee
15 094
-
22 015
-
social contributions
981
-
1 431
-
health
2 038
-
2 972
-
solidarity contribution
-
-
-
-
income
1 811
-
2 642
-
total
4 830
-
7 045
-
Employer
15 094
-
22 015
-
social contributions
3 773
-
5 504
-
health
1 358
-
1 981
-
total
5 131
-
7 485
-
Corporate
9 274
29 500
-
-
income
1 762
5 605
-
-
total
1 762
5 605
-
-
Dividends
7 512
23 895
-
-
withholding
1 127
3 584
-
-
total
1 127
3 584
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 850
9 189
14 530
15 133
After tax
16 650
20 311
14 970
14 367
Living cost
10 264
10 264
10 264
10 264
Free-cash
6 386
10 047
4 706
4 103

Estimated living cost  is ₴10264 per week

₴7129
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.
₴202
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.
₴2202
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
-₴2382
-₴8665
-₴2114
-₴3780
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
municipal
-
-
-
175
regional
-
-
-
304
national
-
-
-
5 427
social contributions
-
-
-
7 587
total
-
-
-
13 493
Employee
38 166
-
29 500
-
social contributions
12 869
-
9 947
-
regional
360
-
266
-
municipal
202
-
156
-
national
6 613
-
4 790
-
total
20 044
-
15 159
-
Employer
38 166
-
29 500
-
total
-
-
-
-
Corporate
-
29 500
-
-
nationa
-
7 080
-
-
municipal
-
1 151
-
-
total
-
8 231
-
-
Dividends
-
21 269
-
-
withholding
-
5 530
-
-
total
-
5 530
-
-
Income
29 500
29 500
29 500
29 500
Total tax
20 044
13 761
15 159
13 493
After tax
9 456
15 739
14 341
16 007
Living cost
18 121
18 121
18 121
18 121
Free-cash
-8 665
-2 382
-3 780
-2 114

Estimated living cost  is ₴18121 per week

₴12631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
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.
₴4023
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
₴9080
₴7743
₴6792
₴6143
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
-
-
-
4 741
pensions
-
-
-
5 900
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 094
surtax
-
-
-
399
total
-
-
-
13 232
Employee
14 201
-
24 370
-
other
-
-
-
-
health
363
-
622
-
surtax
46
-
350
-
income
2 380
-
4 457
-
pensions
947
-
1 626
-
unemployment
989
-
1 696
-
total
4 725
-
8 751
-
Employer
14 201
-
24 370
-
other
-
-
-
-
unemployment
450
-
773
-
pensions
1 893
-
3 248
-
health
646
-
1 109
-
total
2 989
-
5 130
-
Corporate
12 310
29 500
-
-
income
3 200
7 670
-
-
total
3 200
7 670
-
-
Dividends
9 109
21 830
-
-
withholding
1 367
3 274
-
-
total
1 367
3 274
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 281
10 944
13 881
13 232
After tax
17 219
18 556
15 619
16 268
Living cost
9 476
9 476
9 476
9 476
Free-cash
7 743
9 080
6 143
6 792

Estimated living cost  is ₴9476 per week

₴5794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
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.
₴2589
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
₴2354
-₴1398
₴2305
-₴832
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
-
-
-
5 513
pensions
-
-
-
1 933
total
-
-
-
7 446
Employee
27 410
-
26 202
-
health
398
-
373
-
income
4 937
-
4 729
-
pensions
2 326
-
2 182
-
total
7 661
-
7 284
-
Employer
27 410
-
26 202
-
pensions
2 967
-
2 801
-
health
521
-
498
-
total
3 488
-
3 299
-
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
11 149
7 397
10 583
7 446
After tax
18 351
22 103
18 917
22 054
Living cost
19 749
19 749
19 749
19 749
Free-cash
-1 398
2 354
-832
2 305

Estimated living cost  is ₴19749 per week

₴14795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
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.
₴3266
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
-₴19308
-₴12537
-₴7887
-₴9402
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
city
-
-
-
311
pensions
-
-
-
2 714
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
-
-
-
761
health
-
-
-
107
national
-
-
-
107
total
-
-
-
4 590
Employee
38 381
-
26 404
-
city
412
-
284
-
regional
1 257
-
648
-
health
87
-
60
-
pensions
3 224
-
2 218
-
unemployment
-
-
-
-
national
182
-
89
-
total
5 162
-
3 299
-
Employer
38 381
-
26 404
-
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.

767
-
528
-
unemployment
-
-
-
-
pensions
3 224
-
2 218
-
health
87
-
60
-
total
4 078
-
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
9 240
16 011
6 105
4 590
After tax
20 260
13 489
23 395
24 910
Living cost
32 797
32 797
32 797
32 797
Free-cash
-12 537
-19 308
-9 402
-7 887

Estimated living cost  is ₴32797 per week

₴21327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
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.
₴8124
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
-₴5024
₴1942
₴851
₴2486
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
trade
-
-
-
1 635
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.

-
-
-
4 177
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.

-
-
-
2 934
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.

-
-
-
230
total
-
-
-
8 976
Employee

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

25 808
-
29 500
-
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.

2 934
-
2 934
-
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.

167
-
230
-
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.

3 035
-
4 177
-
total
6 136
-
7 341
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
3 692
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.

30
244
-
-
income
554
4 425
-
-
trade
633
5 059
-
-
chamber of commerce
70
107
-
-
total
1 287
9 835
-
-
Dividends
2 404
19 665
-
-
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.

24
262
-
-
withholding
438
4 754
-
-
total
462
5 016
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 885
14 851
7 341
8 976
After tax
21 615
14 649
22 159
20 524
Living cost
19 673
19 673
19 673
19 673
Free-cash
1 942
-5 024
2 486
851

Estimated living cost  is ₴19673 per week

₴14368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
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.
₴3476
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
₴176
₴2712
₴2877
₴3024
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
-
-
-
1 561
pensions
-
-
-
8 359
other
-
-
-
914
health
-
-
-
256
surtax
-
-
-
-
social contributions
-
-
-
841
total
-
-
-
11 931
Employee
18 379
-
22 479
-
social contributions
524
-
641
-
surtax
-
-
-
-
income
1 085
-
1 580
-
pensions
2 078
-
2 542
-
total
3 687
-
4 763
-
Employer
18 379
-
22 479
-
other
634
-
776
-
social contributions
55
-
68
-
unemployment
744
-
910
-
pensions
3 019
-
3 693
-
health
1 287
-
1 574
-
total
5 739
-
7 021
-
Corporate
5 381
29 500
-
-
surtax
-
-
-
-
income
1 507
8 260
-
-
total
1 507
8 260
-
-
Dividends
3 874
21 240
-
-
surtax
-
-
-
-
social contributions
667
3 653
-
-
withholding
496
2 719
-
-
total
1 163
6 372
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 096
14 632
11 784
11 931
After tax
17 404
14 868
17 716
17 569
Living cost
14 692
14 692
14 692
14 692
Free-cash
2 712
176
3 024
2 877

Estimated living cost  is ₴14692 per week

₴9264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
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.
₴3984
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
₴1631
₴4017
₴4332
₴4479
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
-
-
-
1 561
pensions
-
-
-
8 359
other
-
-
-
914
health
-
-
-
256
surtax
-
-
-
-
social contributions
-
-
-
841
total
-
-
-
11 931
Employee
16 406
-
22 479
-
social contributions
468
-
641
-
surtax
-
-
-
-
income
846
-
1 580
-
pensions
1 856
-
2 542
-
total
3 170
-
4 763
-
Employer
16 406
-
22 479
-
other
566
-
776
-
social contributions
49
-
68
-
unemployment
664
-
910
-
pensions
2 696
-
3 693
-
health
1 148
-
1 574
-
total
5 123
-
7 021
-
Corporate
7 970
29 500
-
-
surtax
-
-
-
-
income
2 232
8 260
-
-
total
2 232
8 260
-
-
Dividends
5 738
21 240
-
-
surtax
-
-
-
-
social contributions
987
3 653
-
-
withholding
734
2 719
-
-
total
1 721
6 372
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 246
14 632
11 784
11 931
After tax
17 254
14 868
17 716
17 569
Living cost
13 237
13 237
13 237
13 237
Free-cash
4 017
1 631
4 479
4 332

Estimated living cost  is ₴13237 per week

₴7677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
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.
₴3965
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
₴8892
₴9114
₴9839
₴8399
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
health
-
-
-
2 059
social contributions
-
-
-
4 071
total
-
-
-
10 555
Employee
14 560
-
29 500
-
social contributions
2 010
-
4 071
-
health
1 016
-
2 059
-
income
2 429
-
5 865
-
total
5 455
-
11 995
-
Employer
14 560
-
29 500
-
total
-
-
-
-
Corporate
14 940
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%.

747
1 475
-
-
total
747
1 475
-
-
Dividends
14 192
28 025
-
-
health
991
1 956
-
-
social contributions
1 958
3 868
-
-
withholding
2 129
4 203
-
-
total
5 078
10 027
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 280
11 502
11 995
10 555
After tax
18 220
17 998
17 505
18 945
Living cost
9 106
9 106
9 106
9 106
Free-cash
9 114
8 892
8 399
9 839

Estimated living cost  is ₴9106 per week

₴6094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
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.
₴2240
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
₴1634
₴966
₴821
-₴4567
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
chamber of commerce
-
-
-
118
income
-
-
-
2 995
pensions
-
-
-
5 458
unemployment
-
-
-
2 634
health
-
-
-
2 257
surtax
-
-
-
85
total
-
-
-
13 547
Employee
21 461
17 114
22 841
-
other
214
171
228
-
health
830
663
884
-
income
2 443
1 262
2 838
-
pensions
2 198
1 752
2 339
-
unemployment
644
513
685
-
total
6 329
4 361
6 974
-
Employer
21 461
17 114
22 841
-
accident
279
222
297
-
other
1 019
812
1 085
-
chamber of commerce
86
68
91
-
unemployment
644
513
685
-
surtax
85
85
85
-
pensions
2 693
2 148
2 867
-
payroll
644
513
685
-
health
811
647
863
-
total
6 261
5 008
6 658
-
Corporate
1 778
7 376
21 212
-
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.

445
1 844
5 303
-
total
445
1 844
5 303
-
Dividends
1 333
5 532
-
-
withholding
367
1 521
-
-
total
367
1 521
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 402
12 734
18 935
13 547
After tax
16 098
16 766
10 565
15 953
Living cost
15 132
15 132
15 132
15 132
Free-cash
966
1 634
-4 567
821

Estimated living cost  is ₴15132 per week

₴10092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
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.
₴3500
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
₴936
-₴10159
-₴530
-₴3351
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
national
-
-
-
8 958
communal

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

-
-
-
1 538
social contributions
-
-
-
3 876
total
-
-
-
14 372
Employee

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

30 718
-
22 849
-
communal

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

1 602
-
1 191
-
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.

1 443
-
1 073
-
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.

2 304
-
1 714
-
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.

267
-
199
-
national
9 444
-
6 366
-
total
15 060
-
10 543
-
Employer

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

30 718
-
22 849
-
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.

399
-
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.

448
-
333
-
surtax
3 483
-
2 591
-
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.

2 722
-
2 024
-
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.

1 889
-
1 405
-
total
8 941
-
6 650
-
Corporate
-
29 500
-
-
surtax
-
118
-
-
income
-
5 900
-
-
total
-
6 018
-
-
Dividends
-
23 482
-
-
withholding

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

-
6 888
-
-
total
-
6 888
-
-
Income
29 500
29 500
29 500
29 500
Total tax
24 001
12 906
17 193
14 372
After tax
5 499
16 594
12 307
15 128
Living cost
15 658
15 658
15 658
15 658
Free-cash
-10 159
936
-3 351
-530

Estimated living cost  is ₴15658 per week

₴10086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
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.
₴3958
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
₴4398
₴902
₴442
₴650
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
-
-
-
266
income
-
-
-
4 700
pensions
-
-
-
8 348
other
-
-
-
29
unemployment
-
-
-
206
total
-
-
-
13 549
Employee
21 376
-
22 369
-
other
21
-
22
-
income
4 510
-
4 790
-
pensions
1 005
-
1 051
-
unemployment
332
-
346
-
total
5 868
-
6 209
-
Employer
21 376
-
22 369
-
accident
423
-
443
-
other
170
-
179
-
unemployment
1 176
-
1 231
-
pensions
5 044
-
5 279
-
total
6 813
-
7 132
-
Corporate
1 310
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.

196
4 425
-
-
total
196
4 425
-
-
Dividends
1 114
25 075
-
-
withholding
212
5 168
-
-
total
212
5 168
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 089
9 593
13 341
13 549
After tax
16 411
19 907
16 159
15 951
Living cost
15 509
15 509
15 509
15 509
Free-cash
902
4 398
650
442

Estimated living cost  is ₴15509 per week

₴11421
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
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.
₴2764
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
-₴4959
-₴6905
-₴4268
-₴3707
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
-
-
-
266
income
-
-
-
1 671
pensions
-
-
-
4 720
health
-
-
-
2 213
surtax
-
-
-
1 561
communal
-
-
-
-
total
-
-
-
10 431
Employee
32 521
-
26 351
-
health
1 447
-
1 173
-
surtax
1 993
-
1 615
-
income
3 141
-
1 825
-
pensions
2 601
-
2 108
-
total
9 182
-
6 721
-
Employer
32 521
-
26 351
-
accident
293
-
237
-
pensions
2 601
-
2 108
-
health
992
-
804
-
total
3 886
-
3 149
-
Corporate
-
29 500
-
-
surtax
-
310
-
-
communal
-
1 991
-
-
income
-
4 425
-
-
total
-
6 726
-
-
Dividends
-
22 774
-
-
income
-
980
-
-
withholding
-
3 416
-
-
total
-
4 396
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 068
11 122
9 870
10 431
After tax
16 432
18 378
19 630
19 069
Living cost
23 337
23 337
23 337
23 337
Free-cash
-6 905
-4 959
-3 707
-4 268

Estimated living cost  is ₴23337 per week

₴17506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
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.
₴4169
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
₴8910
₴7544
₴6622
₴5973
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
-
-
-
4 741
pensions
-
-
-
5 900
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 094
surtax
-
-
-
399
total
-
-
-
13 232
Employee
14 462
-
24 370
-
other
-
-
-
-
health
369
-
622
-
surtax
51
-
350
-
income
2 424
-
4 457
-
pensions
965
-
1 626
-
unemployment
1 006
-
1 696
-
total
4 815
-
8 751
-
Employer
14 462
-
24 370
-
other
-
-
-
-
unemployment
459
-
773
-
pensions
1 928
-
3 248
-
health
658
-
1 109
-
total
3 045
-
5 130
-
Corporate
11 994
29 500
-
-
income
3 118
7 670
-
-
total
3 118
7 670
-
-
Dividends
8 876
21 830
-
-
withholding
1 332
3 274
-
-
total
1 332
3 274
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 310
10 944
13 881
13 232
After tax
17 190
18 556
15 619
16 268
Living cost
9 646
9 646
9 646
9 646
Free-cash
7 544
8 910
5 973
6 622

Estimated living cost  is ₴9646 per week

₴5824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
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.
₴2760
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
₴3938
₴2984
₴4298
₴2642
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
municipal
-
-
-
175
regional
-
-
-
445
national
-
-
-
5 427
social contributions
-
-
-
7 587
total
-
-
-
13 634
Employee
23 821
-
29 500
-
social contributions
8 033
-
9 947
-
regional
321
-
397
-
municipal
126
-
156
-
national
3 774
-
4 790
-
total
12 254
-
15 290
-
Employer
23 821
-
29 500
-
total
-
-
-
-
Corporate
5 679
29 500
-
-
nationa
1 363
7 080
-
-
municipal
282
1 466
-
-
total
1 645
8 546
-
-
Dividends
4 034
20 954
-
-
withholding
1 049
5 448
-
-
total
1 049
5 448
-
-
Income
29 500
29 500
29 500
29 500
Total tax
14 948
13 994
15 290
13 634
After tax
14 552
15 506
14 210
15 866
Living cost
11 568
11 568
11 568
11 568
Free-cash
2 984
3 938
2 642
4 298

Estimated living cost  is ₴11568 per week

₴7194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
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.
₴3004
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
₴7663
₴3150
₴1719
₴2322
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
health
-
-
-
3 983
solidarity contribution
-
-
-
-
social contributions
-
-
-
8 614
total
-
-
-
15 133
Employee
18 600
-
22 015
-
social contributions
1 209
-
1 431
-
health
2 511
-
2 972
-
solidarity contribution
-
-
-
-
income
2 232
-
2 642
-
total
5 952
-
7 045
-
Employer
18 600
-
22 015
-
social contributions
4 650
-
5 504
-
health
1 674
-
1 981
-
total
6 324
-
7 485
-
Corporate
4 576
29 500
-
-
income
870
5 605
-
-
total
870
5 605
-
-
Dividends
3 707
23 895
-
-
withholding
556
3 584
-
-
total
556
3 584
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 702
9 189
14 530
15 133
After tax
15 798
20 311
14 970
14 367
Living cost
12 648
12 648
12 648
12 648
Free-cash
3 150
7 663
2 322
1 719

Estimated living cost  is ₴12648 per week

₴9406
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.
₴219
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.
₴2323
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
₴3111
₴2895
₴2337
-₴3118
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
chamber of commerce
-
-
-
118
income
-
-
-
2 995
pensions
-
-
-
5 458
unemployment
-
-
-
2 634
health
-
-
-
2 257
surtax
-
-
-
-
total
-
-
-
13 462
Employee
18 772
17 114
22 908
-
other
187
171
229
-
health
726
663
887
-
income
1 672
1 262
2 858
-
pensions
1 922
1 752
2 345
-
unemployment
563
513
687
-
total
5 070
4 361
7 006
-
Employer
18 772
17 114
22 908
-
accident
244
222
297
-
other
892
812
1 088
-
chamber of commerce
75
68
91
-
unemployment
563
513
687
-
surtax
-
-
-
-
pensions
2 356
2 148
2 875
-
payroll
563
513
687
-
health
710
647
866
-
total
5 403
4 923
6 591
-
Corporate
5 326
7 461
21 278
-
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.

1 332
1 865
5 320
-
total
1 332
1 865
5 320
-
Dividends
3 994
5 596
-
-
withholding
1 099
1 539
-
-
total
1 099
1 539
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 904
12 688
18 917
13 462
After tax
16 596
16 812
10 583
16 038
Living cost
13 701
13 701
13 701
13 701
Free-cash
2 895
3 111
-3 118
2 337

Estimated living cost  is ₴13701 per week

₴8219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
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.
₴3838
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
₴21926
₴20782
₴23106
₴17501
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
7 624
-
29 500
-
income
1 525
-
5 900
-
total
1 525
-
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%.

21 876
29 500
-
-
total
-
-
-
-
Dividends
21 876
29 500
-
-
withholding
1 094
1 475
-
-
total
1 094
1 475
-
-
Income
29 500
29 500
29 500
29 500
Total tax
2 619
1 475
5 900
295
After tax
26 881
28 025
23 600
29 205
Living cost
6 099
6 099
6 099
6 099
Free-cash
20 782
21 926
17 501
23 106

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
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.
₴1511
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
₴8793
₴5201
₴4333
₴3488
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
-
-
-
5 314
pensions
-
-
-
5 388
unemployment
-
-
-
44
health
-
-
-
2 903
total
-
-
-
13 649
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.

18 990
-
25 526
-
health
1 226
-
1 649
-
income
3 275
-
4 878
-
pensions
2 944
-
3 957
-
unemployment
27
-
36
-
total
7 472
-
10 520
-
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.

18 990
-
25 526
-
unemployment
11
-
15
-
pensions
1 680
-
2 259
-
health
1 265
-
1 700
-
total
2 956
-
3 974
-
Corporate
7 554
29 500
-
-
income
1 435
5 605
-
-
total
1 435
5 605
-
-
Dividends
6 119
23 895
-
-
withholding
918
3 584
-
-
total
918
3 584
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 781
9 189
14 494
13 649
After tax
16 719
20 311
15 006
15 851
Living cost
11 518
11 518
11 518
11 518
Free-cash
5 201
8 793
3 488
4 333

Estimated living cost  is ₴11518 per week

₴7905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
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.
₴2653
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
-₴604
-₴34608
₴1835
₴5292
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
26 601
-
-
-
social contributions
2 181
-
311
-
income
5 868
-
-
-
total
8 049
-
311
-
Employer
26 601
-
-
-
social contributions
37 507
-
5 345
-
total
37 507
-
5 345
-
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
45 556
11 552
5 656
9 113
After tax
-16 056
17 948
23 844
20 387
Living cost
18 552
18 552
18 552
18 552
Free-cash
-34 608
-604
5 292
1 835

Estimated living cost  is ₴18552 per week

₴12037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
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.
₴4533
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
₴3310
₴2876
₴3366
₴2348
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
-
-
-
2 413
surtax
-
-
-
-
social contributions

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

-
-
-
10 251
total
-
-
-
12 664
Employee
19 751
-
23 839
-
social contributions
2 173
-
2 622
-
surtax
-
-
-
-
income
4 108
-
5 399
-
total
6 281
-
8 021
-
Employer
19 751
-
23 839
-
social contributions
4 691
-
5 661
-
total
4 691
-
5 661
-
Corporate
5 059
29 500
-
-
surtax
-
-
-
-
income
1 063
6 195
-
-
total
1 063
6 195
-
-
Dividends
3 996
23 305
-
-
withholding
1 119
6 525
-
-
total
1 119
6 525
-
-
Income
29 500
29 500
29 500
29 500
Total tax
13 154
12 720
13 682
12 664
After tax
16 346
16 780
15 818
16 836
Living cost
13 470
13 470
13 470
13 470
Free-cash
2 876
3 310
2 348
3 366

Estimated living cost  is ₴13470 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
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.
₴2372
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
-₴5873
-₴5797
-₴3172
-₴3025
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
-
-
-
1 561
pensions
-
-
-
8 359
other
-
-
-
914
health
-
-
-
256
surtax
-
-
-
-
social contributions
-
-
-
841
total
-
-
-
11 931
Employee
26 896
-
22 479
-
social contributions
766
-
641
-
surtax
-
-
-
-
income
2 347
-
1 580
-
pensions
3 042
-
2 542
-
total
6 155
-
4 763
-
Employer
26 896
-
22 479
-
other
928
-
776
-
social contributions
81
-
68
-
unemployment
1 090
-
910
-
pensions
4 419
-
3 693
-
health
1 883
-
1 574
-
total
8 401
-
7 021
-
Corporate
-
29 500
-
-
surtax
-
-
-
-
income
-
8 260
-
-
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
14 556
14 632
11 784
11 931
After tax
14 944
14 868
17 716
17 569
Living cost
20 741
20 741
20 741
20 741
Free-cash
-5 797
-5 873
-3 025
-3 172

Estimated living cost  is ₴20741 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1697
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.
₴4723
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
₴13641
₴12199
₴9928
₴10756
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
-
-
-
173
social contributions
-
-
-
6 490
total
-
-
-
6 663
Employee
13 806
-
25 541
-
income
-
-
216
-
social contributions
897
-
1 660
-
total
897
-
1 876
-
Employer
13 806
-
25 541
-
social contributions
2 140
-
3 959
-
total
2 140
-
3 959
-
Corporate
13 554
29 500
-
-
income
1 355
2 950
-
-
total
1 355
2 950
-
-
Dividends
12 199
26 550
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
4 392
2 950
5 835
6 663
After tax
25 108
26 550
23 665
22 837
Living cost
12 909
12 909
12 909
12 909
Free-cash
12 199
13 641
10 756
9 928

Estimated living cost  is ₴12909 per week

₴8347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
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.
₴3346
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
-₴64058
-₴64058
-₴1843
-₴64058
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
municipal
-
-
-
5 037
pensions
-
-
-
372
national
-
-
-
2 924
labour market
-
-
-
2 330
total
-
-
-
10 663
Employee
87 286
87 286
87 286
-
labour market
6 973
6 973
6 973
-
national
10 664
10 664
10 664
-
municipal
18 587
18 587
18 587
-
pensions
124
124
124
-
total
36 348
36 348
36 348
-
Employer
87 286
87 286
87 286
-
labour market
6 983
6 983
6 983
-
municipal
18 617
18 617
18 617
-
pensions
248
248
248
-
national
10 682
10 682
10 682
-
total
36 530
36 530
36 530
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
72 878
72 878
72 878
10 663
After tax
-43 378
-43 378
-43 378
18 837
Living cost
20 680
20 680
20 680
20 680
Free-cash
-64 058
-64 058
-64 058
-1 843

Estimated living cost  is ₴20680 per week

₴14154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
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.
₴4379
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
-₴6851
₴971
₴11089
₴5929
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
-
-
-
108
income
-
-
-
6 200
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
9 170
Employee
14 536
-
24 506
-
health
1 665
-
2 806
-
income
1 994
-
3 771
-
pensions
1 637
-
2 759
-
total
5 296
-
9 336
-
Employer
14 536
-
24 506
-
accident
243
-
409
-
unemployment
356
-
600
-
pensions
2 364
-
3 985
-
total
2 963
-
4 994
-
Corporate
12 001
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.

10 801
26 550
-
-
total
10 801
26 550
-
-
Dividends
1 200
2 950
-
-
withholding
228
560
-
-
total
228
560
-
-
Income
29 500
29 500
29 500
29 500
Total tax
19 288
27 110
14 330
9 170
After tax
10 212
2 390
15 170
20 330
Living cost
9 241
9 241
9 241
9 241
Free-cash
971
-6 851
5 929
11 089

Estimated living cost  is ₴9241 per week

₴6726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
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.
₴1814
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
₴3726
₴1828
₴5718
₴1406
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
municipal
-
-
-
5 260
health
-
-
-
275
national
-
-
-
1 760
total
-
-
-
7 295
Employee
22 594
-
24 817
-
health
169
-
203
-
municipal
3 701
-
4 062
-
pensions
1 525
-
1 676
-
unemployment
339
-
372
-
national
373
-
612
-
total
6 107
-
6 925
-
Employer
22 594
-
24 817
-
accident
23
-
24
-
unemployment
147
-
161
-
pensions
3 920
-
4 306
-
health
174
-
191
-
total
4 264
-
4 682
-
Corporate
2 644
29 500
-
-
income
529
5 900
-
-
total
529
5 900
-
-
Dividends

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

1 586
17 700
-
-
national
-
201
-
-
municipal
285
3 186
-
-
total
285
3 387
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 185
9 287
11 607
7 295
After tax
18 315
20 213
17 893
22 205
Living cost
16 487
16 487
16 487
16 487
Free-cash
1 828
3 726
1 406
5 718

Estimated living cost  is ₴16487 per week

₴10769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
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.
₴3870
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
₴9846
₴9393
₴12486
₴10917
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
-
-
-
1 717
health
-
-
-
752
social contributions
-
-
-
4 602
total
-
-
-
7 071
Employee
33 022
33 022
33 022
-
social contributions
1 248
2 741
2 223
-
health
256
561
456
-
income
3 595
3 057
3 243
-
total
5 099
6 359
5 922
-
Employer
33 022
33 022
33 022
-
social contributions
1 248
2 741
2 223
-
health
278
611
495
-
total
1 526
3 352
2 718
-
Corporate
12 931
-
-
-
income
1 616
-
-
-
total
1 616
-
-
-
Dividends
11 315
-
-
-
withholding
1 923
-
-
-
total
1 923
-
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 164
9 711
8 640
7 071
After tax
19 336
19 789
20 860
22 429
Living cost
9 943
9 943
9 943
9 943
Free-cash
9 393
9 846
10 917
12 486

Estimated living cost  is ₴9943 per week

₴5959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
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.
₴2789
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
₴17611
₴15426
₴15764
₴11423
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
-
-
-
2 620
pensions
-
-
-
2 732
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
6 918
Employee

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

9 857
-
26 746
-
health
838
-
2 274
-
income
674
-
2 084
-
pensions
1 478
-
4 012
-
unemployment
49
-
134
-
total
3 039
-
8 504
-
Employer

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

9 857
-
26 746
-
unemployment
49
-
134
-
pensions
542
-
1 471
-
health
424
-
1 150
-
total
1 015
-
2 755
-
Corporate
18 628
29 500
-
-
income
1 676
2 655
-
-
total
1 676
2 655
-
-
Dividends
16 952
26 845
-
-
withholding
1 526
2 416
-
-
total
1 526
2 416
-
-
Income
29 500
29 500
29 500
29 500
Total tax
7 256
5 071
11 259
6 918
After tax
22 244
24 429
18 241
22 582
Living cost
6 818
6 818
6 818
6 818
Free-cash
15 426
17 611
11 423
15 764

Estimated living cost  is ₴6818 per week

₴4350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
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.
₴1773
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
₴8098
₴5846
₴4142
₴4350
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
-
-
-
266
income
-
-
-
4 700
pensions
-
-
-
8 348
other
-
-
-
29
unemployment
-
-
-
206
total
-
-
-
13 549
Employee
15 879
-
22 369
-
other
15
-
22
-
income
3 061
-
4 790
-
pensions
746
-
1 051
-
unemployment
246
-
346
-
total
4 068
-
6 209
-
Employer
15 879
-
22 369
-
accident
315
-
443
-
other
127
-
179
-
unemployment
874
-
1 231
-
pensions
3 747
-
5 279
-
total
5 063
-
7 132
-
Corporate
8 559
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.

1 284
4 425
-
-
total
1 284
4 425
-
-
Dividends
7 275
25 075
-
-
withholding
1 430
5 168
-
-
total
1 430
5 168
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 845
9 593
13 341
13 549
After tax
17 655
19 907
16 159
15 951
Living cost
11 809
11 809
11 809
11 809
Free-cash
5 846
8 098
4 350
4 142

Estimated living cost  is ₴11809 per week

₴7971
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
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.
₴2496
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
₴17233
₴17039
₴17310
₴17226
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
-
-
-
9 536
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
11 015
Employee
1 790
-
28 536
-
health
90
-
214
-
income
346
-
9 491
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
10 134
-
Employer
1 790
-
28 536
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
27 307
29 500
-
-
income
6 008
6 490
-
-
total
6 008
6 490
-
-
Dividends
21 300
23 010
-
-
withholding
4 260
4 602
-
-
total
4 260
4 602
-
-
Income
29 500
29 500
29 500
29 500
Total tax
11 286
11 092
11 099
11 015
After tax
18 214
18 408
18 401
18 485
Living cost
1 175
1 175
1 175
1 175
Free-cash
17 039
17 233
17 226
17 310

Estimated living cost  is ₴1175 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
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.
₴355
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
₴13894
₴11784
₴7040
₴8206
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
-
-
-
3 889
pensions
-
-
-
7 670
unemployment
-
-
-
442
health
-
-
-
3 039
total
-
-
-
15 040
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.

11 188
-
25 021
-
health
576
-
1 289
-
income
1 542
-
4 414
-
pensions
1 566
-
3 503
-
unemployment
84
-
188
-
total
3 768
-
9 394
-
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.

11 188
-
25 021
-
unemployment
84
-
188
-
pensions
1 343
-
3 003
-
health
576
-
1 289
-
total
2 003
-
4 480
-
Corporate
16 309
29 500
-
-
income
2 446
4 425
-
-
total
2 446
4 425
-
-
Dividends
13 863
25 075
-
-
withholding
2 079
3 761
-
-
total
2 079
3 761
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 296
8 186
13 874
15 040
After tax
19 204
21 314
15 626
14 460
Living cost
7 420
7 420
7 420
7 420
Free-cash
11 784
13 894
8 206
7 040

Estimated living cost  is ₴7420 per week

₴4996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
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.
₴1635
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
₴5203
₴5047
₴5259
₴4241
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
-
-
-
2 413
surtax
-
-
-
-
social contributions

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

-
-
-
10 251
total
-
-
-
12 664
Employee
16 667
-
23 839
-
social contributions
1 834
-
2 622
-
surtax
-
-
-
-
income
3 257
-
5 399
-
total
5 091
-
8 021
-
Employer
16 667
-
23 839
-
social contributions
3 958
-
5 661
-
total
3 958
-
5 661
-
Corporate
8 874
29 500
-
-
surtax
-
-
-
-
income
1 864
6 195
-
-
total
1 864
6 195
-
-
Dividends
7 011
23 305
-
-
withholding
1 963
6 525
-
-
total
1 963
6 525
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 876
12 720
13 682
12 664
After tax
16 624
16 780
15 818
16 836
Living cost
11 577
11 577
11 577
11 577
Free-cash
5 047
5 203
4 241
5 259

Estimated living cost  is ₴11577 per week

₴8200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
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.
₴2368
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
₴4815
₴1478
₴859
₴1067
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
-
-
-
266
income
-
-
-
4 700
pensions
-
-
-
8 348
other
-
-
-
29
unemployment
-
-
-
206
total
-
-
-
13 549
Employee
20 740
-
22 369
-
other
20
-
22
-
income
4 332
-
4 790
-
pensions
975
-
1 051
-
unemployment
321
-
346
-
total
5 648
-
6 209
-
Employer
20 740
-
22 369
-
accident
411
-
443
-
other
166
-
179
-
unemployment
1 141
-
1 231
-
pensions
4 895
-
5 279
-
total
6 613
-
7 132
-
Corporate
2 148
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.

322
4 425
-
-
total
322
4 425
-
-
Dividends
1 826
25 075
-
-
withholding
347
5 168
-
-
total
347
5 168
-
-
Income
29 500
29 500
29 500
29 500
Total tax
12 930
9 593
13 341
13 549
After tax
16 570
19 907
16 159
15 951
Living cost
15 092
15 092
15 092
15 092
Free-cash
1 478
4 815
1 067
859

Estimated living cost  is ₴15092 per week

₴10839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
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.
₴2868
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
₴17837
₴15220
₴13684
₴14343
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
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
8 430
Employee
9 780
-
26 558
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
978
-
2 656
-
pensions

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

859
-
1 317
-
total
2 394
-
4 828
-
Employer
9 780
-
26 558
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 653
-
health
675
-
1 035
-
total
1 919
-
2 943
-
Corporate
17 801
29 500
-
-
income
1 780
2 950
-
-
total
1 780
2 950
-
-
Dividends
16 021
26 550
-
-
withholding
801
1 327
-
-
total
801
1 327
-
-
Income
29 500
29 500
29 500
29 500
Total tax
6 894
4 277
7 771
8 430
After tax
22 606
25 223
21 729
21 070
Living cost
7 386
7 386
7 386
7 386
Free-cash
15 220
17 837
14 343
13 684

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
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.
₴1902
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
-₴1322
₴4297
₴4212
₴5580
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
trade
-
-
-
1 368
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.

-
-
-
4 177
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.

-
-
-
2 934
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.

-
-
-
230
total
-
-
-
8 709
Employee

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

21 367
-
29 500
-
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.

2 934
-
2 934
-
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.

97
-
230
-
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.

1 757
-
4 177
-
total
4 788
-
7 341
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
8 133
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.

67
244
-
-
income
1 220
4 425
-
-
trade
1 167
4 234
-
-
chamber of commerce
77
108
-
-
total
2 531
9 011
-
-
Dividends
5 602
20 489
-
-
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.

68
273
-
-
withholding
1 237
4 959
-
-
total
1 305
5 232
-
-
Income
29 500
29 500
29 500
29 500
Total tax
8 624
14 243
7 341
8 709
After tax
20 876
15 257
22 159
20 791
Living cost
16 579
16 579
16 579
16 579
Free-cash
4 297
-1 322
5 580
4 212

Estimated living cost  is ₴16579 per week

₴11437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
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.
₴3118
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
-₴3814
-₴4093
-₴2005
-₴2005
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
-
-
-
4 702
social contributions
-
-
-
2 340
total
-
-
-
7 042
Employee
33 591
-
29 500
-
income
6 339
-
4 702
-
social contributions
2 791
-
2 340
-
total
9 130
-
7 042
-
Employer
33 591
-
29 500
-
total
-
-
-
-
Corporate
-
29 500
-
-
income
-
3 688
-
-
total
-
3 688
-
-
Dividends
-
25 812
-
-
withholding
-
5 163
-
-
total
-
5 163
-
-
Income
29 500
29 500
29 500
29 500
Total tax
9 130
8 851
7 042
7 042
After tax
20 370
20 649
22 458
22 458
Living cost
24 463
24 463
24 463
24 463
Free-cash
-4 093
-3 814
-2 005
-2 005

Estimated living cost  is ₴24463 per week

₴18611
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
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.
₴3625
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
₴1317
₴3804
-₴1191
₴5868
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
-
-
-
12 224
health

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

-
-
-
2 878
total
-
-
-
15 102
Employee
19 700
-
27 525
-
income
2 138
-
4 093
-
social contributions
1 974
-
1 975
-
total
4 112
-
6 068
-
Employer
19 700
-
27 525
-
social contributions
1 974
-
1 975
-
total
1 974
-
1 975
-
Corporate
7 826
29 500
-
-
income
2 739
10 325
-
-
total
2 739
10 325
-
-
Dividends
5 087
19 175
-
-
social contributions
1 282
2 269
-
-
total
1 282
2 269
-
-
Income
29 500
29 500
29 500
29 500
Total tax
10 107
12 594
8 043
15 102
After tax
19 393
16 906
21 457
14 398
Living cost
15 589
15 589
15 589
15 589
Free-cash
3 804
1 317
5 868
-1 191

Estimated living cost  is ₴15589 per week

₴10268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
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.
₴3852
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
₴6048
₴3610
₴5999
₴2862
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
-
-
-
5 513
pensions
-
-
-
1 933
total
-
-
-
7 446
Employee
22 038
-
26 202
-
health
287
-
373
-
income
4 013
-
4 729
-
pensions
1 682
-
2 182
-
total
5 982
-
7 284
-
Employer
22 038
-
26 202
-
pensions
2 227
-
2 801
-
health
419
-
498
-
total
2 646
-
3 299
-
Corporate
4 817
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.

915
5 605
-
-
total
915
5 605
-
-
Dividends
3 902
23 895
-
-
withholding
292
1 792
-
-
total
292
1 792
-
-
Income
29 500
29 500
29 500
29 500
Total tax
9 835
7 397
10 583
7 446
After tax
19 665
22 103
18 917
22 054
Living cost
16 055
16 055
16 055
16 055
Free-cash
3 610
6 048
2 862
5 999

Estimated living cost  is ₴16055 per week

₴11014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
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.
₴3363
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
-₴7766
₴832
₴10174
₴5014
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
-
-
-
108
income
-
-
-
6 200
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
9 170
Employee
15 975
-
24 506
-
health
1 829
-
2 806
-
income
2 192
-
3 771
-
pensions
1 799
-
2 759
-
total
5 820
-
9 336
-
Employer
15 975
-
24 506
-
accident
267
-
409
-
unemployment
391
-
600
-
pensions
2 597
-
3 985
-
total
3 255
-
4 994
-
Corporate
10 269
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.

9 242
26 550
-
-
total
9 242
26 550
-
-
Dividends
1 027
2 950
-
-
withholding
195
560
-
-
total
195
560
-
-
Income
29 500
29 500
29 500
29 500
Total tax
18 512
27 110
14 330
9 170
After tax
10 988
2 390
15 170
20 330
Living cost
10 156
10 156
10 156
10 156
Free-cash
832
-7 766
5 014
10 174

Estimated living cost  is ₴10156 per week

₴7453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
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.
₴1906
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
₴19288
₴17205
₴11431
₴11431
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
work injury
-
-
-
148
health insurance
-
-
-
2 183
income
-
-
-
4 169
pensions
-
-
-
5 428
unemployment
-
-
-
354
total
-
-
-
12 282
Employee

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

9 259
-
29 500
-
work injury
46
-
148
-
income
926
-
4 169
-
pensions
1 704
-
5 428
-
health insurance
685
-
2 183
-
unemployment
111
-
354
-
total
3 472
-
12 282
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 241
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
20 241
29 500
-
-
withholding
3 036
4 425
-
-
total
3 036
4 425
-
-
Income
29 500
29 500
29 500
29 500
Total tax
6 508
4 425
12 282
12 282
After tax
22 992
25 075
17 218
17 218
Living cost
5 787
5 787
5 787
5 787
Free-cash
17 205
19 288
11 431
11 431

Estimated living cost  is ₴5787 per week

₴3585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
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.
₴1601
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
-₴1569
-₴6687
-₴1295
-₴2933
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
municipal
-
-
-
197
regional
-
-
-
476
national
-
-
-
5 427
social contributions
-
-
-
7 587
total
-
-
-
13 687
Employee
36 187
-
29 500
-
social contributions
12 202
-
9 947
-
regional
546
-
412
-
municipal
216
-
176
-
national
6 115
-
4 790
-
total
19 079
-
15 325
-
Employer
36 187
-
29 500
-
total
-
-
-
-
Corporate
-
29 500
-
-
nationa
-
7 080
-
-
municipal
-
1 422
-
-
total
-
8 502
-
-
Dividends
-
20 998
-
-
withholding
-
5 459
-
-
total
-
5 459
-
-
Income
29 500
29 500
29 500
29 500
Total tax
19 079
13 961
15 325
13 687
After tax
10 421
15 539
14 175
15 813
Living cost
17 108
17 108
17 108
17 108
Free-cash
-6 687
-1 569
-2 933
-1 295

Estimated living cost  is ₴17108 per week

₴12017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
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.
₴3655
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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