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
₴ 31000
per

Your estimated
City
free-cash

Dresden , Germany
₴2694
₴7448
₴8402
₴10138
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.

-
-
-
31 000
trade
-
-
-
1 736
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.

-
-
-
4 657
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.

-
-
-
2 935
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.

-
-
-
256
total
-
-
-
9 584
Employee

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

16 434
-
31 000
-
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.

2 935
-
2 935
-
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
-
256
-
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
-
4 657
-
total
3 419
-
7 848
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
14 566
31 000
-
-
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.

120
256
-
-
income
2 185
4 650
-
-
trade
2 294
4 883
-
-
chamber of commerce
86
110
-
-
total
4 685
9 899
-
-
Dividends
9 880
21 101
-
-
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.

127
281
-
-
withholding
2 307
5 112
-
-
total
2 434
5 393
-
-
Income
31 000
31 000
31 000
31 000
Total tax
10 538
15 292
7 848
9 584
After tax
20 462
15 708
23 152
21 416
Living cost
13 014
13 014
13 014
13 014
Free-cash
7 448
2 694
10 138
8 402

Estimated living cost  is ₴13014 per week

₴8186
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.
₴3067
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
-₴2335
-₴5655
-₴2590
-₴2347
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
-
-
-
31 000
municipal
-
-
-
3 082
pensions
-
-
-
3 720
national
-
-
-
4 776
social contributions
-
-
-
333
total
-
-
-
11 911
Employee
33 606
-
26 799
-
municipal
4 151
-
3 202
-
pensions
1 344
-
1 072
-
national
6 432
-
4 962
-
total
11 927
-
9 236
-
Employer
33 606
-
26 799
-
social contributions
361
-
288
-
pensions
2 688
-
2 144
-
total
3 049
-
2 432
-
Corporate
-
31 000
-
-
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%.

-
6 200
-
-
total
-
6 200
-
-
Dividends
-
24 800
-
-
withholding
-
5 456
-
-
total
-
5 456
-
-
Income
31 000
31 000
31 000
31 000
Total tax
14 976
11 656
11 668
11 911
After tax
16 024
19 344
19 332
19 089
Living cost
21 679
21 679
21 679
21 679
Free-cash
-5 655
-2 335
-2 347
-2 590

Estimated living cost  is ₴21679 per week

₴14735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
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.
₴4604
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
₴15861
₴12337
₴16058
₴8670
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.

-
-
-
31 000
microenterprise
-
-
-
4 650
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.

-
-
-
1 353
total
-
-
-
6 003
Employee
12 555
-
24 982
-
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
-
2 748
-
surtax
-
-
-
-
income
2 235
-
4 625
-
total
3 616
-
7 373
-
Employer
12 555
-
24 982
-
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.

3 024
-
6 018
-
surtax
-
-
-
-
total
3 024
-
6 018
-
Corporate
15 420
31 000
-
-
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%.

3 084
6 200
-
-
total
3 084
6 200
-
-
Dividends

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

12 337
24 800
-
-
total
-
-
-
-
Income
31 000
31 000
31 000
31 000
Total tax
9 724
6 200
13 391
6 003
After tax
21 276
24 800
17 609
24 997
Living cost
8 939
8 939
8 939
8 939
Free-cash
12 337
15 861
8 670
16 058

Estimated living cost  is ₴8939 per week

₴5703
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.
₴2182
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
-₴9256
-₴11669
-₴337
-₴11669
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
-
-
-
31 000
income
-
-
-
3 837
pensions
-
-
-
5 034
health
-
-
-
4 466
total
-
-
-
13 337
Employee
36 692
36 692
36 692
-
health
5 632
4 790
5 632
-
income

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

6 006
6 006
6 006
-
pensions
6 605
5 034
6 605
-
total
18 243
15 830
18 243
-
Employer
36 692
36 692
36 692
-
unemployment
1 321
1 321
1 321
-
pensions
2 554
2 554
2 554
-
health
2 551
2 551
2 551
-
total
6 426
6 426
6 426
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
31 000
31 000
31 000
31 000
Total tax
24 669
22 256
24 669
13 337
After tax
6 331
8 744
6 331
17 663
Living cost
18 000
18 000
18 000
18 000
Free-cash
-11 669
-9 256
-11 669
-337

Estimated living cost  is ₴18000 per week

₴12756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
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.
₴3335
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
₴259
-₴212
-₴1213
-₴113
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
-
-
-
31 000
municipal
-
-
-
6 566
accident
-
-
-
62
pensions
-
-
-
3 351
other
-
-
-
3 602
unemployment
-
-
-
31
health
-
-
-
1 934
national
-
-
-
-
total
-
-
-
15 546
Employee
23 748
-
23 589
-
municipal
7 082
-
7 034
-
national
-
-
-
-
total
7 082
-
7 034
-
Employer
23 748
-
23 589
-
accident
48
-
47
-
other
2 760
-
2 741
-
unemployment
627
-
623
-
pensions
2 567
-
2 550
-
health
1 461
-
1 451
-
total
7 463
-
7 412
-
Corporate
-
31 000
-
-
income
-
6 820
-
-
total
-
6 820
-
-
Dividends
-
24 180
-
-
withholding
-
7 254
-
-
total
-
7 254
-
-
Income
31 000
31 000
31 000
31 000
Total tax
14 545
14 074
14 446
15 546
After tax
16 455
16 926
16 554
15 454
Living cost
16 667
16 667
16 667
16 667
Free-cash
-212
259
-113
-1 213

Estimated living cost  is ₴16667 per week

₴11046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3732
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
-₴1329
₴4709
₴4460
₴6273
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.

-
-
-
31 000
trade
-
-
-
1 813
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.

-
-
-
4 657
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.

-
-
-
2 935
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.

-
-
-
256
total
-
-
-
9 661
Employee

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

21 790
-
31 000
-
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.

2 935
-
2 935
-
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
-
256
-
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.

1 872
-
4 657
-
total
4 910
-
7 848
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
9 210
31 000
-
-
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.

76
256
-
-
income
1 381
4 650
-
-
trade
1 515
5 099
-
-
chamber of commerce
78
109
-
-
total
3 050
10 114
-
-
Dividends
6 160
20 885
-
-
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.

76
278
-
-
withholding
1 376
5 058
-
-
total
1 452
5 336
-
-
Income
31 000
31 000
31 000
31 000
Total tax
9 412
15 450
7 848
9 661
After tax
21 588
15 550
23 152
21 339
Living cost
16 879
16 879
16 879
16 879
Free-cash
4 709
-1 329
6 273
4 460

Estimated living cost  is ₴16879 per week

₴11289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1780
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.
₴3558
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
₴7347
₴7044
₴9416
₴8187
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
-
-
-
31 000
income
-
-
-
2 022
health
-
-
-
790
social contributions
-
-
-
4 836
total
-
-
-
7 648
Employee
33 040
33 040
33 040
-
social contributions
1 605
2 742
2 336
-
health
329
562
479
-
income
3 469
3 059
3 205
-
total
5 403
6 363
6 020
-
Employer
33 040
33 040
33 040
-
social contributions
1 605
2 742
2 336
-
health
358
612
521
-
total
1 963
3 354
2 857
-
Corporate
9 697
-
-
-
income
1 212
-
-
-
total
1 212
-
-
-
Dividends
8 485
-
-
-
withholding
1 442
-
-
-
total
1 442
-
-
-
Income
31 000
31 000
31 000
31 000
Total tax
10 020
9 717
8 877
7 648
After tax
20 980
21 283
22 123
23 352
Living cost
13 936
13 936
13 936
13 936
Free-cash
7 044
7 347
8 187
9 416

Estimated living cost  is ₴13936 per week

₴9527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1089
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.
₴3087
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
₴9711
₴9872
₴13678
₴10174
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
-
-
-
31 000
income
-
-
-
3 790
pensions
-
-
-
3 100
unemployment
-
-
-
465
health
-
-
-
2 170
total
-
-
-
9 525
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.

11 255
4 479
25 941
-
health
788
314
1 816
-
income
1 376
548
3 171
-
pensions
1 125
448
2 594
-
unemployment
169
67
389
-
total
3 458
1 377
7 970
-
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.

11 255
4 479
25 941
-
pensions
2 195
873
5 059
-
total
2 195
873
5 059
-
Corporate
17 551
25 647
-
-
income
1 580
2 308
-
-
total
1 580
2 308
-
-
Dividends
15 971
23 339
-
-
social contributions
3 063
4 500
-
-
withholding
3 035
4 434
-
-
total
6 098
8 934
-
-
Income
31 000
31 000
31 000
31 000
Total tax
13 331
13 492
13 029
9 525
After tax
17 669
17 508
17 971
21 475
Living cost
7 797
7 797
7 797
7 797
Free-cash
9 872
9 711
10 174
13 678

Estimated living cost  is ₴7797 per week

₴5320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
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.
₴1682
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
₴14422
₴11753
₴6238
₴7490
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
-
-
-
31 000
income
-
-
-
4 154
pensions
-
-
-
6 200
health
-
-
-
4 030
total
-
-
-
14 384
Employee
12 189
-
23 169
-
income
1 372
-
4 467
-
pensions
244
-
463
-
unemployment
195
-
371
-
total
1 811
-
5 301
-
Employer
12 189
-
23 169
-
unemployment
98
-
185
-
pensions
2 438
-
4 634
-
health
1 584
-
3 012
-
total
4 120
-
7 831
-
Corporate
14 691
31 000
-
-
income
2 938
6 200
-
-
total
2 938
6 200
-
-
Dividends
11 753
24 800
-
-
total
-
-
-
-
Income
31 000
31 000
31 000
31 000
Total tax
8 869
6 200
13 132
14 384
After tax
22 131
24 800
17 868
16 616
Living cost
10 378
10 378
10 378
10 378
Free-cash
11 753
14 422
7 490
6 238

Estimated living cost  is ₴10378 per week

₴7118
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.
₴2433
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
-₴6918
₴1065
₴11923
₴6407
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
-
-
-
31 000
accident
-
-
-
108
income
-
-
-
6 663
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
9 648
Employee
14 833
-
25 752
-
health
1 698
-
2 949
-
income
2 035
-
4 067
-
pensions
1 670
-
2 900
-
total
5 403
-
9 916
-
Employer
14 833
-
25 752
-
accident
248
-
430
-
unemployment
363
-
631
-
pensions
2 412
-
4 187
-
total
3 023
-
5 248
-
Corporate
13 144
31 000
-
-
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.

11 830
27 900
-
-
total
11 830
27 900
-
-
Dividends
1 314
3 100
-
-
withholding
250
589
-
-
total
250
589
-
-
Income
31 000
31 000
31 000
31 000
Total tax
20 506
28 489
15 164
9 648
After tax
10 494
2 511
15 836
21 352
Living cost
9 429
9 429
9 429
9 429
Free-cash
1 065
-6 918
6 407
11 923

Estimated living cost  is ₴9429 per week

₴6911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
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.
₴1799
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
₴25557
₴24827
₴26797
₴20907
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%.

-
-
-
31 000
microenterprise

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

-
-
-
310
total
-
-
-
310
Employee
4 866
-
31 000
-
income
973
-
6 200
-
total
973
-
6 200
-
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%.

26 134
31 000
-
-
total
-
-
-
-
Dividends
26 134
31 000
-
-
withholding
1 307
1 550
-
-
total
1 307
1 550
-
-
Income
31 000
31 000
31 000
31 000
Total tax
2 280
1 550
6 200
310
After tax
28 720
29 450
24 800
30 690
Living cost
3 893
3 893
3 893
3 893
Free-cash
24 827
25 557
20 907
26 797

Estimated living cost  is ₴3893 per week

₴2412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
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.
₴1050
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
₴11327
₴8424
₴5337
₴6720
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
-
-
-
31 000
income
-
-
-
3 937
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.

-
-
-
7 440
other
-
-
-
1 473
health
-
-
-
1 364
total
-
-
-
14 214
Employee
15 601
-
24 761
-
health
219
-
347
-
income
2 686
-
4 262
-
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.

1 092
-
1 734
-
unemployment
156
-
248
-
total
4 153
-
6 591
-
Employer
15 601
-
24 761
-
accident
125
-
198
-
other
780
-
1 238
-
unemployment
156
-
248
-
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.

2 652
-
4 209
-
health
219
-
347
-
total
3 932
-
6 240
-
Corporate
11 467
31 000
-
-
income
2 408
6 510
-
-
total
2 408
6 510
-
-
Dividends
9 059
24 490
-
-
withholding
634
1 714
-
-
total
634
1 714
-
-
Income
31 000
31 000
31 000
31 000
Total tax
11 127
8 224
12 831
14 214
After tax
19 873
22 776
18 169
16 786
Living cost
11 449
11 449
11 449
11 449
Free-cash
8 424
11 327
6 720
5 337

Estimated living cost  is ₴11449 per week

₴8089
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.
₴2402
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
-₴5474
-₴15171
-₴5559
-₴8902
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
-
-
-
31 000
income
-
-
-
5 785
pensions
-
-
-
2 074
total
-
-
-
7 859
Employee
40 606
-
27 493
-
health
669
-
401
-
income
7 320
-
4 949
-
pensions
3 917
-
2 344
-
total
11 906
-
7 694
-
Employer
40 606
-
27 493
-
pensions
4 794
-
2 985
-
health
771
-
523
-
total
5 565
-
3 508
-
Corporate
-
31 000
-
-
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.

-
5 890
-
-
total
-
5 890
-
-
Dividends
-
25 110
-
-
withholding
-
1 884
-
-
total
-
1 884
-
-
Income
31 000
31 000
31 000
31 000
Total tax
17 471
7 774
11 202
7 859
After tax
13 529
23 226
19 798
23 141
Living cost
28 700
28 700
28 700
28 700
Free-cash
-15 171
-5 474
-8 902
-5 559

Estimated living cost  is ₴28700 per week

₴21505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
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.
₴3589
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
₴20872
₴18876
₴16710
₴17444
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
-
-
-
31 000
income
-
-
-
4 650
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
8 657
Employee
7 458
-
28 056
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
2 806
-
pensions

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

655
-
1 318
-
total
1 826
-
4 979
-
Employer
7 458
-
28 056
-
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
-
1 654
-
health
515
-
1 035
-
total
1 464
-
2 944
-
Corporate
22 078
31 000
-
-
income
2 208
3 100
-
-
total
2 208
3 100
-
-
Dividends
19 870
27 900
-
-
withholding
993
1 395
-
-
total
993
1 395
-
-
Income
31 000
31 000
31 000
31 000
Total tax
6 491
4 495
7 923
8 657
After tax
24 509
26 505
23 077
22 343
Living cost
5 633
5 633
5 633
5 633
Free-cash
18 876
20 872
17 444
16 710

Estimated living cost  is ₴5633 per week

₴3288
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.
₴1793
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
-₴15082
-₴15810
-₴6163
-₴17495
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
-
-
-
31 000
income
-
-
-
3 837
pensions
-
-
-
5 034
health
-
-
-
4 466
total
-
-
-
13 337
Employee
39 836
36 692
36 692
-
health
4 970
4 790
5 632
-
income

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

6 006
6 006
6 006
-
pensions
5 034
5 034
6 605
-
total
16 010
15 830
18 243
-
Employer
39 836
36 692
36 692
-
unemployment
1 434
1 321
1 321
-
pensions
2 772
2 554
2 554
-
health
2 768
2 551
2 551
-
total
6 974
6 426
6 426
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
31 000
31 000
31 000
31 000
Total tax
22 984
22 256
24 669
13 337
After tax
8 016
8 744
6 331
17 663
Living cost
23 826
23 826
23 826
23 826
Free-cash
-15 810
-15 082
-17 495
-6 163

Estimated living cost  is ₴23826 per week

₴17576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
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.
₴3849
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
₴11069
₴7404
₴4824
₴5456
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
-
-
-
31 000
income
-
-
-
2 664
health
-
-
-
4 185
solidarity contribution
-
-
-
-
social contributions
-
-
-
9 052
total
-
-
-
15 901
Employee
15 110
-
23 134
-
social contributions
982
-
1 504
-
health
2 040
-
3 123
-
solidarity contribution
-
-
-
-
income
1 813
-
2 776
-
total
4 835
-
7 403
-
Employer
15 110
-
23 134
-
social contributions
3 777
-
5 784
-
health
1 360
-
2 082
-
total
5 137
-
7 866
-
Corporate
10 753
31 000
-
-
income
2 043
5 890
-
-
total
2 043
5 890
-
-
Dividends
8 710
25 110
-
-
withholding
1 306
3 766
-
-
total
1 306
3 766
-
-
Income
31 000
31 000
31 000
31 000
Total tax
13 321
9 656
15 269
15 901
After tax
17 679
21 344
15 731
15 099
Living cost
10 275
10 275
10 275
10 275
Free-cash
7 404
11 069
5 456
4 824

Estimated living cost  is ₴10275 per week

₴7137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
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.
₴2205
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
-₴1591
-₴7187
-₴1359
-₴3090
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
-
-
-
31 000
municipal
-
-
-
184
regional
-
-
-
321
national
-
-
-
5 750
social contributions
-
-
-
7 973
total
-
-
-
14 228
Employee
38 187
-
31 000
-
social contributions
12 877
-
10 453
-
regional
360
-
282
-
municipal
202
-
165
-
national
6 617
-
5 059
-
total
20 056
-
15 959
-
Employer
38 187
-
31 000
-
total
-
-
-
-
Corporate
-
31 000
-
-
nationa
-
7 440
-
-
municipal
-
1 209
-
-
total
-
8 649
-
-
Dividends
-
22 350
-
-
withholding
-
5 811
-
-
total
-
5 811
-
-
Income
31 000
31 000
31 000
31 000
Total tax
20 056
14 460
15 959
14 228
After tax
10 944
16 540
15 041
16 772
Living cost
18 131
18 131
18 131
18 131
Free-cash
-7 187
-1 591
-3 090
-1 359

Estimated living cost  is ₴18131 per week

₴12638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1189
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.
₴4025
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
₴10018
₴8681
₴7509
₴6828
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
-
-
-
31 000
income
-
-
-
5 058
pensions
-
-
-
6 200
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 201
surtax
-
-
-
453
total
-
-
-
14 010
Employee
14 209
-
25 608
-
other
-
-
-
-
health
363
-
653
-
surtax
46
-
401
-
income
2 382
-
4 757
-
pensions
947
-
1 708
-
unemployment
989
-
1 782
-
total
4 727
-
9 301
-
Employer
14 209
-
25 608
-
other
-
-
-
-
unemployment
450
-
812
-
pensions
1 894
-
3 413
-
health
647
-
1 165
-
total
2 991
-
5 390
-
Corporate
13 800
31 000
-
-
income
3 588
8 060
-
-
total
3 588
8 060
-
-
Dividends
10 212
22 940
-
-
withholding
1 532
3 441
-
-
total
1 532
3 441
-
-
Income
31 000
31 000
31 000
31 000
Total tax
12 838
11 501
14 691
14 010
After tax
18 162
19 499
16 309
16 990
Living cost
9 481
9 481
9 481
9 481
Free-cash
8 681
10 018
6 828
7 509

Estimated living cost  is ₴9481 per week

₴5797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
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.
₴2590
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
₴3619
₴243
₴3534
₴191
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
-
-
-
31 000
income
-
-
-
5 785
pensions
-
-
-
2 074
total
-
-
-
7 859
Employee
27 213
-
27 493
-
health
395
-
401
-
income
4 901
-
4 949
-
pensions
2 310
-
2 344
-
total
7 606
-
7 694
-
Employer
27 213
-
27 493
-
pensions
2 946
-
2 985
-
health
517
-
523
-
total
3 463
-
3 508
-
Corporate
324
31 000
-
-
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.

61
5 890
-
-
total
61
5 890
-
-
Dividends
263
25 110
-
-
withholding
20
1 884
-
-
total
20
1 884
-
-
Income
31 000
31 000
31 000
31 000
Total tax
11 150
7 774
11 202
7 859
After tax
19 850
23 226
19 798
23 141
Living cost
19 607
19 607
19 607
19 607
Free-cash
243
3 619
191
3 534

Estimated living cost  is ₴19607 per week

₴14689
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
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.
₴3243
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
-₴18503
-₴10884
-₴6530
-₴8124
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
-
-
-
31 000
city
-
-
-
326
pensions
-
-
-
2 852
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.

-
-
-
620
regional
-
-
-
829
health
-
-
-
107
national
-
-
-
118
total
-
-
-
4 852
Employee
38 242
-
27 747
-
city
410
-
298
-
regional
1 252
-
710
-
health
86
-
62
-
pensions
3 213
-
2 330
-
unemployment
-
-
-
-
national
181
-
99
-
total
5 142
-
3 499
-
Employer
38 242
-
27 747
-
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.

765
-
555
-
unemployment
-
-
-
-
pensions
3 213
-
2 330
-
health
86
-
62
-
total
4 064
-
2 947
-
Corporate
-
31 000
-
-
regional
-
6 557
-
-
national
-
2 635
-
-
total
-
9 192
-
-
Dividends
-
21 808
-
-
withholding
-
7 633
-
-
total
-
7 633
-
-
Income
31 000
31 000
31 000
31 000
Total tax
9 206
16 825
6 446
4 852
After tax
21 794
14 175
24 554
26 148
Living cost
32 678
32 678
32 678
32 678
Free-cash
-10 884
-18 503
-8 124
-6 530

Estimated living cost  is ₴32678 per week

₴21250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴401
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.
₴8094
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
-₴4295
₴2674
₴1578
₴3468
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.

-
-
-
31 000
trade
-
-
-
1 890
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.

-
-
-
4 657
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.

-
-
-
2 935
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.

-
-
-
256
total
-
-
-
9 738
Employee

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

25 823
-
31 000
-
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.

2 935
-
2 935
-
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
-
256
-
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.

3 036
-
4 657
-
total
6 138
-
7 848
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
5 177
31 000
-
-
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.

42
256
-
-
income
776
4 650
-
-
trade
888
5 316
-
-
chamber of commerce
73
109
-
-
total
1 779
10 331
-
-
Dividends
3 398
20 668
-
-
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.

38
276
-
-
withholding
687
5 004
-
-
total
725
5 280
-
-
Income
31 000
31 000
31 000
31 000
Total tax
8 642
15 611
7 848
9 738
After tax
22 358
15 389
23 152
21 262
Living cost
19 684
19 684
19 684
19 684
Free-cash
2 674
-4 295
3 468
1 578

Estimated living cost  is ₴19684 per week

₴14376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1575
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.
₴3478
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
₴923
₴3464
₴3735
₴3860
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
-
-
-
31 000
income
-
-
-
1 703
pensions
-
-
-
8 749
other
-
-
-
961
health
-
-
-
268
surtax
-
-
-
-
social contributions
-
-
-
883
total
-
-
-
12 564
Employee
18 389
-
23 622
-
social contributions
524
-
673
-
surtax
-
-
-
-
income
1 085
-
1 718
-
pensions
2 079
-
2 672
-
total
3 688
-
5 063
-
Employer
18 389
-
23 622
-
other
634
-
815
-
social contributions
55
-
71
-
unemployment
744
-
956
-
pensions
3 021
-
3 880
-
health
1 287
-
1 654
-
total
5 741
-
7 376
-
Corporate
6 868
31 000
-
-
surtax
-
-
-
-
income
1 923
8 680
-
-
total
1 923
8 680
-
-
Dividends
4 945
22 320
-
-
surtax
-
-
-
-
social contributions
850
3 839
-
-
withholding
633
2 857
-
-
total
1 483
6 696
-
-
Income
31 000
31 000
31 000
31 000
Total tax
12 835
15 376
12 439
12 564
After tax
18 165
15 624
18 561
18 436
Living cost
14 701
14 701
14 701
14 701
Free-cash
3 464
923
3 860
3 735

Estimated living cost  is ₴14701 per week

₴9269
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.
₴3986
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
₴2380
₴4767
₴5192
₴5317
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
-
-
-
31 000
income
-
-
-
1 703
pensions
-
-
-
8 749
other
-
-
-
961
health
-
-
-
268
surtax
-
-
-
-
social contributions
-
-
-
883
total
-
-
-
12 564
Employee
16 415
-
23 622
-
social contributions
468
-
673
-
surtax
-
-
-
-
income
846
-
1 718
-
pensions
1 857
-
2 672
-
total
3 171
-
5 063
-
Employer
16 415
-
23 622
-
other
567
-
815
-
social contributions
49
-
71
-
unemployment
665
-
956
-
pensions
2 697
-
3 880
-
health
1 149
-
1 654
-
total
5 127
-
7 376
-
Corporate
9 459
31 000
-
-
surtax
-
-
-
-
income
2 648
8 680
-
-
total
2 648
8 680
-
-
Dividends
6 810
22 320
-
-
surtax
-
-
-
-
social contributions
1 171
3 839
-
-
withholding
872
2 857
-
-
total
2 043
6 696
-
-
Income
31 000
31 000
31 000
31 000
Total tax
12 989
15 376
12 439
12 564
After tax
18 011
15 624
18 561
18 436
Living cost
13 244
13 244
13 244
13 244
Free-cash
4 767
2 380
5 317
5 192

Estimated living cost  is ₴13244 per week

₴7681
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.
₴3967
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
₴9801
₴10024
₴10797
₴11470
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
-
-
-
31 000
income
-
-
-
4 650
health
-
-
-
2 164
social contributions
-
-
-
4 278
total
-
-
-
11 092
Employee
14 568
-
31 000
-
social contributions
2 011
-
4 278
-
health
1 017
-
2 164
-
income
2 430
-
3 977
-
total
5 458
-
10 419
-
Employer
14 568
-
31 000
-
total
-
-
-
-
Corporate
16 432
31 000
-
-
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%.

822
1 550
-
-
total
822
1 550
-
-
Dividends
15 610
29 450
-
-
health
1 089
2 056
-
-
social contributions
2 154
4 064
-
-
withholding
2 342
4 418
-
-
total
5 585
10 538
-
-
Income
31 000
31 000
31 000
31 000
Total tax
11 865
12 088
10 419
11 092
After tax
19 135
18 912
20 581
19 908
Living cost
9 111
9 111
9 111
9 111
Free-cash
10 024
9 801
11 470
10 797

Estimated living cost  is ₴9111 per week

₴6097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2241
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
₴2439
₴1774
₴1529
-₴4246
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
-
-
-
31 000
chamber of commerce
-
-
-
124
income
-
-
-
3 381
pensions
-
-
-
5 735
unemployment
-
-
-
2 635
health
-
-
-
2 371
surtax
-
-
-
85
total
-
-
-
14 331
Employee
21 473
17 123
24 006
-
other
214
171
240
-
health
831
663
929
-
income
2 445
1 263
3 171
-
pensions
2 199
1 753
2 458
-
unemployment
644
514
720
-
total
6 333
4 364
7 518
-
Employer
21 473
17 123
24 006
-
accident
279
223
312
-
other
1 020
813
1 140
-
chamber of commerce
86
68
96
-
unemployment
644
514
720
-
surtax
85
85
85
-
pensions
2 695
2 149
3 013
-
payroll
644
514
720
-
health
811
647
908
-
total
6 264
5 013
6 994
-
Corporate
3 263
8 864
22 376
-
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.

815
2 216
5 594
-
total
815
2 216
5 594
-
Dividends
2 448
6 648
-
-
withholding
674
1 828
-
-
total
674
1 828
-
-
Income
31 000
31 000
31 000
31 000
Total tax
14 086
13 421
20 106
14 331
After tax
16 914
17 579
10 894
16 669
Living cost
15 140
15 140
15 140
15 140
Free-cash
1 774
2 439
-4 246
1 529

Estimated living cost  is ₴15140 per week

₴10098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1292
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.
₴3502
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
₴1764
-₴8680
₴45
-₴2864
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
-
-
-
31 000
national
-
-
-
9 491
communal

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

-
-
-
1 609
social contributions
-
-
-
4 189
total
-
-
-
15 289
Employee

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

30 735
-
24 011
-
communal

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

1 603
-
1 252
-
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.

1 444
-
1 128
-
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.

2 305
-
1 801
-
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
-
209
-
national
9 449
-
6 819
-
total
15 068
-
11 209
-
Employer

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

30 735
-
24 011
-
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.

400
-
311
-
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
-
351
-
surtax
3 485
-
2 723
-
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.

2 723
-
2 127
-
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.

1 890
-
1 477
-
total
8 946
-
6 989
-
Corporate
-
31 000
-
-
surtax
-
124
-
-
income
-
6 200
-
-
total
-
6 324
-
-
Dividends
-
24 676
-
-
withholding

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

-
7 246
-
-
total
-
7 246
-
-
Income
31 000
31 000
31 000
31 000
Total tax
24 014
13 570
18 198
15 289
After tax
6 986
17 430
12 802
15 711
Living cost
15 666
15 666
15 666
15 666
Free-cash
-8 680
1 764
-2 864
45

Estimated living cost  is ₴15666 per week

₴10091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
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.
₴3960
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
₴5398
₴1924
₴1169
₴1389
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
-
-
-
31 000
accident
-
-
-
279
income
-
-
-
5 014
pensions
-
-
-
8 773
other
-
-
-
31
unemployment
-
-
-
217
total
-
-
-
14 314
Employee
21 388
-
23 505
-
other
21
-
24
-
income
4 513
-
5 108
-
pensions
1 005
-
1 105
-
unemployment
332
-
364
-
total
5 871
-
6 601
-
Employer
21 388
-
23 505
-
accident
423
-
466
-
other
170
-
188
-
unemployment
1 177
-
1 292
-
pensions
5 047
-
5 547
-
total
6 817
-
7 493
-
Corporate
2 794
31 000
-
-
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.

419
4 650
-
-
total
419
4 650
-
-
Dividends
2 375
26 350
-
-
withholding
452
5 435
-
-
total
452
5 435
-
-
Income
31 000
31 000
31 000
31 000
Total tax
13 559
10 085
14 094
14 314
After tax
17 441
20 915
16 906
16 686
Living cost
15 517
15 517
15 517
15 517
Free-cash
1 924
5 398
1 389
1 169

Estimated living cost  is ₴15517 per week

₴11427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1101
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.
₴2766
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
-₴4079
-₴5426
-₴3457
-₴2884
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
-
-
-
31 000
accident
-
-
-
279
income
-
-
-
1 902
pensions
-
-
-
4 960
health
-
-
-
2 325
surtax
-
-
-
1 641
communal
-
-
-
-
total
-
-
-
11 107
Employee
32 539
-
27 690
-
health
1 448
-
1 232
-
surtax
1 994
-
1 697
-
income
3 143
-
2 080
-
pensions
2 603
-
2 215
-
total
9 188
-
7 224
-
Employer
32 539
-
27 690
-
accident
293
-
250
-
pensions
2 603
-
2 215
-
health
992
-
845
-
total
3 888
-
3 310
-
Corporate
-
31 000
-
-
surtax
-
325
-
-
communal
-
2 092
-
-
income
-
4 650
-
-
total
-
7 067
-
-
Dividends
-
23 932
-
-
income
-
1 072
-
-
withholding
-
3 590
-
-
total
-
4 662
-
-
Income
31 000
31 000
31 000
31 000
Total tax
13 076
11 729
10 534
11 107
After tax
17 924
19 271
20 466
19 893
Living cost
23 350
23 350
23 350
23 350
Free-cash
-5 426
-4 079
-2 884
-3 457

Estimated living cost  is ₴23350 per week

₴17516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
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.
₴4172
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
₴9848
₴8482
₴7339
₴6658
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
-
-
-
31 000
income
-
-
-
5 058
pensions
-
-
-
6 200
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 201
surtax
-
-
-
453
total
-
-
-
14 010
Employee
14 470
-
25 608
-
other
-
-
-
-
health
369
-
653
-
surtax
51
-
401
-
income
2 426
-
4 757
-
pensions
965
-
1 708
-
unemployment
1 007
-
1 782
-
total
4 818
-
9 301
-
Employer
14 470
-
25 608
-
other
-
-
-
-
unemployment
459
-
812
-
pensions
1 929
-
3 413
-
health
658
-
1 165
-
total
3 046
-
5 390
-
Corporate
13 484
31 000
-
-
income
3 506
8 060
-
-
total
3 506
8 060
-
-
Dividends
9 978
22 940
-
-
withholding
1 497
3 441
-
-
total
1 497
3 441
-
-
Income
31 000
31 000
31 000
31 000
Total tax
12 867
11 501
14 691
14 010
After tax
18 133
19 499
16 309
16 990
Living cost
9 651
9 651
9 651
9 651
Free-cash
8 482
9 848
6 658
7 339

Estimated living cost  is ₴9651 per week

₴5827
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.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴4720
₴3767
₴5051
₴3332
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
-
-
-
31 000
municipal
-
-
-
184
regional
-
-
-
468
national
-
-
-
5 750
social contributions
-
-
-
7 973
total
-
-
-
14 375
Employee
23 835
-
31 000
-
social contributions
8 037
-
10 453
-
regional
321
-
417
-
municipal
126
-
165
-
national
3 776
-
5 059
-
total
12 260
-
16 094
-
Employer
23 835
-
31 000
-
total
-
-
-
-
Corporate
7 165
31 000
-
-
nationa
1 720
7 440
-
-
municipal
356
1 541
-
-
total
2 076
8 981
-
-
Dividends
5 089
22 019
-
-
withholding
1 323
5 725
-
-
total
1 323
5 725
-
-
Income
31 000
31 000
31 000
31 000
Total tax
15 659
14 706
16 094
14 375
After tax
15 341
16 294
14 906
16 625
Living cost
11 574
11 574
11 574
11 574
Free-cash
3 767
4 720
3 332
5 051

Estimated living cost  is ₴11574 per week

₴7198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
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.
₴3006
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
₴8683
₴4165
₴2438
₴3070
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
-
-
-
31 000
income
-
-
-
2 664
health
-
-
-
4 185
solidarity contribution
-
-
-
-
social contributions
-
-
-
9 052
total
-
-
-
15 901
Employee
18 619
-
23 134
-
social contributions
1 210
-
1 504
-
health
2 514
-
3 123
-
solidarity contribution
-
-
-
-
income
2 234
-
2 776
-
total
5 958
-
7 403
-
Employer
18 619
-
23 134
-
social contributions
4 655
-
5 784
-
health
1 676
-
2 082
-
total
6 331
-
7 866
-
Corporate
6 050
31 000
-
-
income
1 150
5 890
-
-
total
1 150
5 890
-
-
Dividends
4 901
25 110
-
-
withholding
735
3 766
-
-
total
735
3 766
-
-
Income
31 000
31 000
31 000
31 000
Total tax
14 174
9 656
15 269
15 901
After tax
16 826
21 344
15 731
15 099
Living cost
12 661
12 661
12 661
12 661
Free-cash
4 165
8 683
3 070
2 438

Estimated living cost  is ₴12661 per week

₴9416
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.
₴2325
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
₴3918
₴3706
₴3046
-₴2794
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
-
-
-
31 000
chamber of commerce
-
-
-
124
income
-
-
-
3 381
pensions
-
-
-
5 735
unemployment
-
-
-
2 635
health
-
-
-
2 371
surtax
-
-
-
-
total
-
-
-
14 246
Employee
18 782
17 123
24 072
-
other
188
171
241
-
health
727
663
931
-
income
1 673
1 263
3 190
-
pensions
1 923
1 753
2 465
-
unemployment
563
514
722
-
total
5 074
4 364
7 549
-
Employer
18 782
17 123
24 072
-
accident
244
223
313
-
other
892
813
1 143
-
chamber of commerce
75
68
96
-
unemployment
563
514
722
-
surtax
-
-
-
-
pensions
2 357
2 149
3 021
-
payroll
563
514
722
-
health
710
647
910
-
total
5 404
4 928
6 927
-
Corporate
6 813
8 949
22 441
-
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.

1 703
2 237
5 610
-
total
1 703
2 237
5 610
-
Dividends
5 109
6 711
-
-
withholding
1 405
1 845
-
-
total
1 405
1 845
-
-
Income
31 000
31 000
31 000
31 000
Total tax
13 586
13 374
20 086
14 246
After tax
17 414
17 626
10 914
16 754
Living cost
13 708
13 708
13 708
13 708
Free-cash
3 706
3 918
-2 794
3 046

Estimated living cost  is ₴13708 per week

₴8223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
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.
₴3840
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
₴23384
₴22246
₴24624
₴18734
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%.

-
-
-
31 000
microenterprise

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

-
-
-
310
total
-
-
-
310
Employee
7 582
-
31 000
-
income
1 517
-
6 200
-
total
1 517
-
6 200
-
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%.

23 418
31 000
-
-
total
-
-
-
-
Dividends
23 418
31 000
-
-
withholding
1 171
1 550
-
-
total
1 171
1 550
-
-
Income
31 000
31 000
31 000
31 000
Total tax
2 688
1 550
6 200
310
After tax
28 312
29 450
24 800
30 690
Living cost
6 066
6 066
6 066
6 066
Free-cash
22 246
23 384
18 734
24 624

Estimated living cost  is ₴6066 per week

₴4105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴255
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.
₴1503
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
₴9819
₴6226
₴5040
₴4148
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.

-
-
-
31 000
income
-
-
-
5 678
pensions
-
-
-
5 661
unemployment
-
-
-
46
health
-
-
-
3 050
total
-
-
-
14 435
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.

19 000
-
26 824
-
health
1 227
-
1 733
-
income
3 277
-
5 221
-
pensions
2 945
-
4 158
-
unemployment
27
-
38
-
total
7 476
-
11 150
-
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.

19 000
-
26 824
-
unemployment
11
-
16
-
pensions
1 681
-
2 374
-
health
1 265
-
1 787
-
total
2 957
-
4 177
-
Corporate
9 042
31 000
-
-
income
1 718
5 890
-
-
total
1 718
5 890
-
-
Dividends
7 323
25 110
-
-
withholding
1 098
3 766
-
-
total
1 098
3 766
-
-
Income
31 000
31 000
31 000
31 000
Total tax
13 249
9 656
15 327
14 435
After tax
17 751
21 344
15 673
16 565
Living cost
11 525
11 525
11 525
11 525
Free-cash
6 226
9 819
4 148
5 040

Estimated living cost  is ₴11525 per week

₴7909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
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.
₴2654
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
₴226
-₴33393
₴2789
₴6685
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
-
-
-
31 000
income
-
-
-
6 043
social contributions
-
-
-
3 534
total
-
-
-
9 577
Employee
26 719
-
-
-
social contributions
2 191
-
312
-
income
5 894
-
-
-
total
8 085
-
312
-
Employer
26 719
-
-
-
social contributions
37 674
-
5 369
-
total
37 674
-
5 369
-
Corporate
-
31 000
-
-
income
-
6 820
-
-
total
-
6 820
-
-
Dividends
-
24 180
-
-
income
-
5 320
-
-
total
-
5 320
-
-
Income
31 000
31 000
31 000
31 000
Total tax
45 759
12 140
5 681
9 577
After tax
-14 759
18 860
25 319
21 423
Living cost
18 634
18 634
18 634
18 634
Free-cash
-33 393
226
6 685
2 789

Estimated living cost  is ₴18634 per week

₴12091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
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.
₴4554
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
₴4156
₴3724
₴4165
₴3023
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.

-
-
-
31 000
income
-
-
-
2 585
surtax
-
-
-
-
social contributions

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

-
-
-
10 773
total
-
-
-
13 358
Employee
19 762
-
25 050
-
social contributions
2 174
-
2 755
-
surtax
-
-
-
-
income
4 110
-
5 796
-
total
6 284
-
8 551
-
Employer
19 762
-
25 050
-
social contributions
4 693
-
5 949
-
total
4 693
-
5 949
-
Corporate
6 545
31 000
-
-
surtax
-
-
-
-
income
1 375
6 510
-
-
total
1 375
6 510
-
-
Dividends
5 170
24 490
-
-
withholding
1 447
6 857
-
-
total
1 447
6 857
-
-
Income
31 000
31 000
31 000
31 000
Total tax
13 799
13 367
14 500
13 358
After tax
17 201
17 633
16 500
17 642
Living cost
13 477
13 477
13 477
13 477
Free-cash
3 724
4 156
3 023
4 165

Estimated living cost  is ₴13477 per week

₴10084
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.
₴2374
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
-₴5129
-₴4317
-₴2317
-₴2192
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
-
-
-
31 000
income
-
-
-
1 703
pensions
-
-
-
8 749
other
-
-
-
961
health
-
-
-
268
surtax
-
-
-
-
social contributions
-
-
-
883
total
-
-
-
12 564
Employee
26 911
-
23 622
-
social contributions
766
-
673
-
surtax
-
-
-
-
income
2 348
-
1 718
-
pensions
3 044
-
2 672
-
total
6 158
-
5 063
-
Employer
26 911
-
23 622
-
other
929
-
815
-
social contributions
81
-
71
-
unemployment
1 090
-
956
-
pensions
4 422
-
3 880
-
health
1 884
-
1 654
-
total
8 406
-
7 376
-
Corporate
-
31 000
-
-
surtax
-
-
-
-
income
-
8 680
-
-
total
-
8 680
-
-
Dividends
-
22 320
-
-
surtax
-
-
-
-
social contributions
-
3 839
-
-
withholding
-
2 857
-
-
total
-
6 696
-
-
Income
31 000
31 000
31 000
31 000
Total tax
14 564
15 376
12 439
12 564
After tax
16 436
15 624
18 561
18 436
Living cost
20 753
20 753
20 753
20 753
Free-cash
-4 317
-5 129
-2 192
-2 317

Estimated living cost  is ₴20753 per week

₴14045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
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.
₴4725
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
₴14984
₴13541
₴11033
₴11903
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
-
-
-
31 000
income
-
-
-
231
social contributions
-
-
-
6 820
total
-
-
-
7 051
Employee
13 814
-
26 840
-
income
-
-
276
-
social contributions
898
-
1 745
-
total
898
-
2 021
-
Employer
13 814
-
26 840
-
social contributions
2 141
-
4 160
-
total
2 141
-
4 160
-
Corporate
15 045
31 000
-
-
income
1 504
3 100
-
-
total
1 504
3 100
-
-
Dividends
13 541
27 900
-
-
total
-
-
-
-
Income
31 000
31 000
31 000
31 000
Total tax
4 543
3 100
6 181
7 051
After tax
26 457
27 900
24 819
23 949
Living cost
12 916
12 916
12 916
12 916
Free-cash
13 541
14 984
11 903
11 033

Estimated living cost  is ₴12916 per week

₴8351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
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.
₴3348
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
-₴62614
-₴62614
-₴977
-₴62614
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
-
-
-
31 000
municipal
-
-
-
5 357
pensions
-
-
-
372
national
-
-
-
3 105
labour market
-
-
-
2 450
total
-
-
-
11 284
Employee
87 338
87 338
87 338
-
labour market
6 977
6 977
6 977
-
national
10 670
10 670
10 670
-
municipal
18 598
18 598
18 598
-
pensions
124
124
124
-
total
36 369
36 369
36 369
-
Employer
87 338
87 338
87 338
-
labour market
6 987
6 987
6 987
-
municipal
18 628
18 628
18 628
-
pensions
248
248
248
-
national
10 689
10 689
10 689
-
total
36 552
36 552
36 552
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
31 000
31 000
31 000
31 000
Total tax
72 921
72 921
72 921
11 284
After tax
-41 921
-41 921
-41 921
19 716
Living cost
20 693
20 693
20 693
20 693
Free-cash
-62 614
-62 614
-62 614
-977

Estimated living cost  is ₴20693 per week

₴14162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
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.
₴4382
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
-₴6779
₴1086
₴12062
₴6546
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
-
-
-
31 000
accident
-
-
-
108
income
-
-
-
6 663
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
9 648
Employee
14 614
-
25 752
-
health
1 673
-
2 949
-
income
2 005
-
4 067
-
pensions
1 646
-
2 900
-
total
5 324
-
9 916
-
Employer
14 614
-
25 752
-
accident
244
-
430
-
unemployment
358
-
631
-
pensions
2 376
-
4 187
-
total
2 978
-
5 248
-
Corporate
13 407
31 000
-
-
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.

12 067
27 900
-
-
total
12 067
27 900
-
-
Dividends
1 341
3 100
-
-
withholding
255
589
-
-
total
255
589
-
-
Income
31 000
31 000
31 000
31 000
Total tax
20 624
28 489
15 164
9 648
After tax
10 376
2 511
15 836
21 352
Living cost
9 290
9 290
9 290
9 290
Free-cash
1 086
-6 779
6 546
12 062

Estimated living cost  is ₴9290 per week

₴6762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴530
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
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.
₴1824
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
₴4701
₴2856
₴6666
₴2135
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

-
-
-
31 000
municipal
-
-
-
5 527
health
-
-
-
298
national
-
-
-
2 013
total
-
-
-
7 838
Employee
22 606
-
26 079
-
health
169
-
223
-
municipal
3 703
-
4 267
-
pensions
1 526
-
1 760
-
unemployment
339
-
391
-
national
373
-
806
-
total
6 110
-
7 447
-
Employer
22 606
-
26 079
-
accident
23
-
26
-
unemployment
147
-
170
-
pensions
3 922
-
4 525
-
health
174
-
201
-
total
4 266
-
4 922
-
Corporate
4 129
31 000
-
-
income
826
6 200
-
-
total
826
6 200
-
-
Dividends

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

2 477
18 600
-
-
national
-
255
-
-
municipal
446
3 348
-
-
total
446
3 603
-
-
Income
31 000
31 000
31 000
31 000
Total tax
11 648
9 803
12 369
7 838
After tax
19 352
21 197
18 631
23 162
Living cost
16 496
16 496
16 496
16 496
Free-cash
2 856
4 701
2 135
6 666

Estimated living cost  is ₴16496 per week

₴10775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
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.
₴3872
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
₴11335
₴10475
₴13404
₴12175
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
-
-
-
31 000
income
-
-
-
2 022
health
-
-
-
790
social contributions
-
-
-
4 836
total
-
-
-
7 648
Employee
33 040
33 040
33 040
-
social contributions
1 249
2 742
2 336
-
health
256
562
479
-
income
3 597
3 059
3 205
-
total
5 102
6 363
6 020
-
Employer
33 040
33 040
33 040
-
social contributions
1 249
2 742
2 336
-
health
278
612
521
-
total
1 527
3 354
2 857
-
Corporate
14 422
-
-
-
income
1 803
-
-
-
total
1 803
-
-
-
Dividends
12 619
-
-
-
withholding
2 145
-
-
-
total
2 145
-
-
-
Income
31 000
31 000
31 000
31 000
Total tax
10 577
9 717
8 877
7 648
After tax
20 423
21 283
22 123
23 352
Living cost
9 948
9 948
9 948
9 948
Free-cash
10 475
11 335
12 175
13 404

Estimated living cost  is ₴9948 per week

₴5962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
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.
₴2790
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
₴18849
₴16664
₴17093
₴12341
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
-
-
-
31 000
income
-
-
-
2 785
pensions
-
-
-
2 733
unemployment
-
-
-
12
health
-
-
-
1 555
total
-
-
-
7 085
Employee

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

9 862
-
28 105
-
health
838
-
2 389
-
income
674
-
2 198
-
pensions
1 479
-
4 216
-
unemployment
49
-
140
-
total
3 040
-
8 943
-
Employer

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

9 862
-
28 105
-
unemployment
49
-
140
-
pensions
542
-
1 546
-
health
424
-
1 208
-
total
1 015
-
2 894
-
Corporate
20 122
31 000
-
-
income
1 811
2 790
-
-
total
1 811
2 790
-
-
Dividends
18 311
28 210
-
-
withholding
1 648
2 539
-
-
total
1 648
2 539
-
-
Income
31 000
31 000
31 000
31 000
Total tax
7 514
5 329
11 837
7 085
After tax
23 486
25 671
19 163
23 915
Living cost
6 822
6 822
6 822
6 822
Free-cash
16 664
18 849
12 341
17 093

Estimated living cost  is ₴6822 per week

₴4353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
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.
₴1774
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
₴9099
₴6845
₴4870
₴5090
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
-
-
-
31 000
accident
-
-
-
279
income
-
-
-
5 014
pensions
-
-
-
8 773
other
-
-
-
31
unemployment
-
-
-
217
total
-
-
-
14 314
Employee
15 888
-
23 505
-
other
15
-
24
-
income
3 063
-
5 108
-
pensions
747
-
1 105
-
unemployment
246
-
364
-
total
4 071
-
6 601
-
Employer
15 888
-
23 505
-
accident
315
-
466
-
other
127
-
188
-
unemployment
874
-
1 292
-
pensions
3 749
-
5 547
-
total
5 065
-
7 493
-
Corporate
10 047
31 000
-
-
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.

1 507
4 650
-
-
total
1 507
4 650
-
-
Dividends
8 540
26 350
-
-
withholding
1 696
5 435
-
-
total
1 696
5 435
-
-
Income
31 000
31 000
31 000
31 000
Total tax
12 339
10 085
14 094
14 314
After tax
18 661
20 915
16 906
16 686
Living cost
11 816
11 816
11 816
11 816
Free-cash
6 845
9 099
5 090
4 870

Estimated living cost  is ₴11816 per week

₴7975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
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.
₴2498
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
₴18167
₴17973
₴18282
₴18198
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
-
-
-
31 000
income
-
-
-
10 061
pensions
-
-
-
858
health
-
-
-
622
total
-
-
-
11 541
Employee
1 792
-
30 035
-
health
90
-
215
-
income
347
-
10 015
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
616
-
10 659
-
Employer
1 792
-
30 035
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
408
-
total
403
-
966
-
Corporate
28 805
31 000
-
-
income
6 337
6 820
-
-
total
6 337
6 820
-
-
Dividends
22 468
24 180
-
-
withholding
4 494
4 836
-
-
total
4 494
4 836
-
-
Income
31 000
31 000
31 000
31 000
Total tax
11 850
11 656
11 625
11 541
After tax
19 150
19 344
19 375
19 459
Living cost
1 177
1 177
1 177
1 177
Free-cash
17 973
18 167
18 198
18 282

Estimated living cost  is ₴1177 per week

₴699
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
₴14967
₴12854
₴7708
₴8865
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.

-
-
-
31 000
income
-
-
-
4 144
pensions
-
-
-
8 060
unemployment
-
-
-
465
health
-
-
-
3 193
total
-
-
-
15 862
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.

11 204
-
26 293
-
health
577
-
1 354
-
income
1 544
-
4 767
-
pensions
1 569
-
3 681
-
unemployment
84
-
197
-
total
3 774
-
9 999
-
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.

11 204
-
26 293
-
unemployment
84
-
197
-
pensions
1 344
-
3 155
-
health
577
-
1 354
-
total
2 005
-
4 706
-
Corporate
17 790
31 000
-
-
income
2 669
4 650
-
-
total
2 669
4 650
-
-
Dividends
15 122
26 350
-
-
withholding
2 268
3 953
-
-
total
2 268
3 953
-
-
Income
31 000
31 000
31 000
31 000
Total tax
10 716
8 603
14 705
15 862
After tax
20 284
22 397
16 295
15 138
Living cost
7 430
7 430
7 430
7 430
Free-cash
12 854
14 967
8 865
7 708

Estimated living cost  is ₴7430 per week

₴5003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
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.
₴1638
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
₴6049
₴5895
₴6058
₴4916
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.

-
-
-
31 000
income
-
-
-
2 585
surtax
-
-
-
-
social contributions

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

-
-
-
10 773
total
-
-
-
13 358
Employee
16 677
-
25 050
-
social contributions
1 835
-
2 755
-
surtax
-
-
-
-
income
3 258
-
5 796
-
total
5 093
-
8 551
-
Employer
16 677
-
25 050
-
social contributions
3 960
-
5 949
-
total
3 960
-
5 949
-
Corporate
10 363
31 000
-
-
surtax
-
-
-
-
income
2 176
6 510
-
-
total
2 176
6 510
-
-
Dividends
8 187
24 490
-
-
withholding
2 292
6 857
-
-
total
2 292
6 857
-
-
Income
31 000
31 000
31 000
31 000
Total tax
13 521
13 367
14 500
13 358
After tax
17 479
17 633
16 500
17 642
Living cost
11 584
11 584
11 584
11 584
Free-cash
5 895
6 049
4 916
6 058

Estimated living cost  is ₴11584 per week

₴8204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
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.
₴2370
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
₴5814
₴2501
₴1585
₴1805
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
-
-
-
31 000
accident
-
-
-
279
income
-
-
-
5 014
pensions
-
-
-
8 773
other
-
-
-
31
unemployment
-
-
-
217
total
-
-
-
14 314
Employee
20 751
-
23 505
-
other
20
-
24
-
income
4 334
-
5 108
-
pensions
975
-
1 105
-
unemployment
321
-
364
-
total
5 650
-
6 601
-
Employer
20 751
-
23 505
-
accident
411
-
466
-
other
166
-
188
-
unemployment
1 142
-
1 292
-
pensions
4 897
-
5 547
-
total
6 616
-
7 493
-
Corporate
3 633
31 000
-
-
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.

545
4 650
-
-
total
545
4 650
-
-
Dividends
3 088
26 350
-
-
withholding
587
5 435
-
-
total
587
5 435
-
-
Income
31 000
31 000
31 000
31 000
Total tax
13 398
10 085
14 094
14 314
After tax
17 602
20 915
16 906
16 686
Living cost
15 101
15 101
15 101
15 101
Free-cash
2 501
5 814
1 805
1 585

Estimated living cost  is ₴15101 per week

₴10845
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.
₴2869
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
₴19115
₴16496
₴14953
₴15687
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
-
-
-
31 000
income
-
-
-
4 650
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
8 657
Employee
9 786
-
28 056
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
979
-
2 806
-
pensions

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

859
-
1 318
-
total
2 396
-
4 979
-
Employer
9 786
-
28 056
-
accident

We are using the highest rate at 1.1%.

108
-
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
-
1 654
-
health
675
-
1 035
-
total
1 920
-
2 944
-
Corporate
19 294
31 000
-
-
income
1 930
3 100
-
-
total
1 930
3 100
-
-
Dividends
17 365
27 900
-
-
withholding
868
1 395
-
-
total
868
1 395
-
-
Income
31 000
31 000
31 000
31 000
Total tax
7 114
4 495
7 923
8 657
After tax
23 886
26 505
23 077
22 343
Living cost
7 390
7 390
7 390
7 390
Free-cash
16 496
19 115
15 687
14 953

Estimated living cost  is ₴7390 per week

₴4888
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.
₴1903
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
-₴562
₴5062
₴4981
₴6563
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.

-
-
-
31 000
trade
-
-
-
1 582
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.

-
-
-
4 657
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.

-
-
-
2 935
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.

-
-
-
256
total
-
-
-
9 430
Employee

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

21 379
-
31 000
-
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.

2 935
-
2 935
-
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
-
256
-
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.

1 758
-
4 657
-
total
4 790
-
7 848
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
9 621
31 000
-
-
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.

79
256
-
-
income
1 443
4 650
-
-
trade
1 380
4 449
-
-
chamber of commerce
79
111
-
-
total
2 981
9 466
-
-
Dividends
6 639
21 534
-
-
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.

82
287
-
-
withholding
1 496
5 220
-
-
total
1 578
5 507
-
-
Income
31 000
31 000
31 000
31 000
Total tax
9 349
14 973
7 848
9 430
After tax
21 651
16 027
23 152
21 570
Living cost
16 589
16 589
16 589
16 589
Free-cash
5 062
-562
6 563
4 981

Estimated living cost  is ₴16589 per week

₴11443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
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.
₴3120
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
-₴2776
-₴2610
-₴1279
-₴1279
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
-
-
-
31 000
income
-
-
-
5 298
social contributions
-
-
-
2 505
total
-
-
-
7 803
Employee
33 610
-
31 000
-
income
6 342
-
5 298
-
social contributions
2 792
-
2 505
-
total
9 134
-
7 803
-
Employer
33 610
-
31 000
-
total
-
-
-
-
Corporate
-
31 000
-
-
income
-
3 875
-
-
total
-
3 875
-
-
Dividends
-
27 125
-
-
withholding
-
5 425
-
-
total
-
5 425
-
-
Income
31 000
31 000
31 000
31 000
Total tax
9 134
9 300
7 803
7 803
After tax
21 866
21 700
23 197
23 197
Living cost
24 476
24 476
24 476
24 476
Free-cash
-2 610
-2 776
-1 279
-1 279

Estimated living cost  is ₴24476 per week

₴18621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
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.
₴3627
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
₴2283
₴4771
₴293
₴6984
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.

-
-
-
31 000
income
-
-
-
12 231
health

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

-
-
-
2 879
total
-
-
-
15 110
Employee
19 711
-
29 024
-
income
2 139
-
4 467
-
social contributions
1 975
-
1 976
-
total
4 114
-
6 443
-
Employer
19 711
-
29 024
-
social contributions
1 975
-
1 976
-
total
1 975
-
1 976
-
Corporate
9 314
31 000
-
-
income
3 260
10 850
-
-
total
3 260
10 850
-
-
Dividends
6 054
20 150
-
-
social contributions
1 283
2 270
-
-
total
1 283
2 270
-
-
Income
31 000
31 000
31 000
31 000
Total tax
10 632
13 120
8 419
15 110
After tax
20 368
17 880
22 581
15 890
Living cost
15 597
15 597
15 597
15 597
Free-cash
4 771
2 283
6 984
293

Estimated living cost  is ₴15597 per week

₴10274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1230
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.
₴3854
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
₴7286
₴4866
₴7201
₴3858
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
-
-
-
31 000
income
-
-
-
5 785
pensions
-
-
-
2 074
total
-
-
-
7 859
Employee
21 880
-
27 493
-
health
285
-
401
-
income
3 984
-
4 949
-
pensions
1 670
-
2 344
-
total
5 939
-
7 694
-
Employer
21 880
-
27 493
-
pensions
2 211
-
2 985
-
health
416
-
523
-
total
2 627
-
3 508
-
Corporate
6 494
31 000
-
-
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.

1 234
5 890
-
-
total
1 234
5 890
-
-
Dividends
5 260
25 110
-
-
withholding
394
1 884
-
-
total
394
1 884
-
-
Income
31 000
31 000
31 000
31 000
Total tax
10 194
7 774
11 202
7 859
After tax
20 806
23 226
19 798
23 141
Living cost
15 940
15 940
15 940
15 940
Free-cash
4 866
7 286
3 858
7 201

Estimated living cost  is ₴15940 per week

₴10935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
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.
₴3339
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
-₴7699
₴947
₴11142
₴5626
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
-
-
-
31 000
accident
-
-
-
108
income
-
-
-
6 663
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
9 648
Employee
16 061
-
25 752
-
health
1 839
-
2 949
-
income
2 203
-
4 067
-
pensions
1 808
-
2 900
-
total
5 850
-
9 916
-
Employer
16 061
-
25 752
-
accident
268
-
430
-
unemployment
393
-
631
-
pensions
2 611
-
4 187
-
total
3 272
-
5 248
-
Corporate
11 666
31 000
-
-
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.

10 499
27 900
-
-
total
10 499
27 900
-
-
Dividends
1 167
3 100
-
-
withholding
222
589
-
-
total
222
589
-
-
Income
31 000
31 000
31 000
31 000
Total tax
19 843
28 489
15 164
9 648
After tax
11 157
2 511
15 836
21 352
Living cost
10 210
10 210
10 210
10 210
Free-cash
947
-7 699
5 626
11 142

Estimated living cost  is ₴10210 per week

₴7493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
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.
₴1916
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
₴20547
₴18460
₴12237
₴12237
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.

-
-
-
31 000
work injury
-
-
-
155
health insurance
-
-
-
2 294
income
-
-
-
4 435
pensions
-
-
-
5 704
unemployment
-
-
-
372
total
-
-
-
12 960
Employee

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

9 285
-
31 000
-
work injury
46
-
155
-
income
928
-
4 435
-
pensions
1 708
-
5 704
-
health insurance
687
-
2 294
-
unemployment
111
-
372
-
total
3 480
-
12 960
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 715
31 000
-
-
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
21 715
31 000
-
-
withholding
3 257
4 650
-
-
total
3 257
4 650
-
-
Income
31 000
31 000
31 000
31 000
Total tax
6 737
4 650
12 960
12 960
After tax
24 263
26 350
18 040
18 040
Living cost
5 803
5 803
5 803
5 803
Free-cash
18 460
20 547
12 237
12 237

Estimated living cost  is ₴5803 per week

₴3595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
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.
₴1605
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
-₴789
-₴5208
-₴555
-₴2252
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
-
-
-
31 000
municipal
-
-
-
207
regional
-
-
-
508
national
-
-
-
5 750
social contributions
-
-
-
7 973
total
-
-
-
14 438
Employee
36 207
-
31 000
-
social contributions
12 209
-
10 453
-
regional
547
-
438
-
municipal
216
-
185
-
national
6 119
-
5 059
-
total
19 091
-
16 135
-
Employer
36 207
-
31 000
-
total
-
-
-
-
Corporate
-
31 000
-
-
nationa
-
7 440
-
-
municipal
-
1 495
-
-
total
-
8 935
-
-
Dividends
-
22 065
-
-
withholding
-
5 737
-
-
total
-
5 737
-
-
Income
31 000
31 000
31 000
31 000
Total tax
19 091
14 672
16 135
14 438
After tax
11 909
16 328
14 865
16 562
Living cost
17 117
17 117
17 117
17 117
Free-cash
-5 208
-789
-2 252
-555

Estimated living cost  is ₴17117 per week

₴12024
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.
₴3657
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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