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
₴ 31500
per

Your estimated
City
free-cash

Dresden , Germany
₴6135
₴8438
₴7228
₴468
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.

-
-
-
31 500
surtax

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

-
-
-
211
health

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

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

-
-
-
3 500
income

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

-
-
-
3 835
trade
-
-
-
1 210
total
-
-
-
8 756
Employee

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

19 594
-
31 500
-
income

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

547
-
3 835
-
surtax

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

30
-
211
-
health

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

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

3 500
-
3 500
-
total
4 077
-
7 546
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
11 906
31 500
-
-
surtax

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

98
260
-
-
chamber of commerce
95
123
-
-
income
1 786
4 725
-
-
trade
1 875
4 961
-
-
total
3 854
10 069
-
-
Dividends
8 052
21 432
-
-
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.

100
284
-
-
withholding
1 818
5 163
-
-
total
1 918
5 447
-
-
Income
31 500
31 500
31 500
31 500
Total tax
9 849
15 516
7 546
8 756
After tax
21 651
15 984
23 954
22 744
Living cost
15 516
15 516
15 516
15 516
Free-cash
6 135
468
8 438
7 228

Estimated living cost  is ₴15516 per week

₴9760
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
-₴16353
-₴8263
-₴8510
-₴8644
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
-
-
-
31 500
national
-
-
-
4 614
pensions
-
-
-
3 780
municipal
-
-
-
2 977
social contributions
-
-
-
339
total
-
-
-
11 710
Employee
43 870
-
27 231
-
pensions
1 755
-
1 089
-
national
8 397
-
4 803
-
municipal
5 419
-
3 099
-
total
15 571
-
8 991
-
Employer
43 870
-
27 231
-
social contributions
472
-
293
-
pensions
3 510
-
2 179
-
total
3 982
-
2 472
-
Corporate
-
31 500
-
-
income

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

-
6 300
-
-
total
-
6 300
-
-
Dividends
-
25 200
-
-
withholding
-
5 544
-
-
total
-
5 544
-
-
Income
31 500
31 500
31 500
31 500
Total tax
19 553
11 844
11 463
11 710
After tax
11 947
19 656
20 037
19 790
Living cost
28 300
28 300
28 300
28 300
Free-cash
-16 353
-8 644
-8 263
-8 510

Estimated living cost  is ₴28300 per week

₴19235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴424
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.
₴6010
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
₴10339
₴7322
₴14504
₴14542
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.

-
-
-
31 500
surtax
-
-
-
-
income
-
-
-
-
microenterprise
-
-
-
4 725
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.

-
-
-
1 613
total
-
-
-
6 338
Employee
14 969
-
25 384
-
income
2 665
-
4 613
-
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.

1 647
-
2 792
-
total
4 312
-
7 405
-
Employer
14 969
-
25 384
-
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.

3 606
-
6 115
-
surtax
-
-
-
-
total
3 606
-
6 115
-
Corporate
12 925
31 500
-
-
income

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

2 585
6 300
-
-
total
2 585
6 300
-
-
Dividends

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

10 340
25 200
-
-
total
-
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
10 503
6 300
13 520
6 338
After tax
20 997
25 200
17 980
25 162
Living cost
10 658
10 658
10 658
10 658
Free-cash
10 339
14 542
7 322
14 504

Estimated living cost  is ₴10658 per week

₴6799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2601
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
-₴19371
-₴19371
-₴3469
-₴16495
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
-
-
-
31 500
pensions
-
-
-
5 670
health
-
-
-
4 835
income
-
-
-
3 004
total
-
-
-
13 509
Employee
43 746
43 746
43 746
-
income

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

7 161
7 161
7 161
-
pensions
7 874
6 002
7 874
-
health
6 715
5 711
6 715
-
total
21 750
18 874
21 750
-
Employer
43 746
43 746
43 746
-
unemployment
1 575
1 575
1 575
-
health
3 041
3 041
3 041
-
pensions
3 045
3 045
3 045
-
total
7 661
7 661
7 661
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
29 411
26 535
29 411
13 509
After tax
2 089
4 965
2 089
17 991
Living cost
21 460
21 460
21 460
21 460
Free-cash
-19 371
-16 495
-19 371
-3 469

Estimated living cost  is ₴21460 per week

₴15208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
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.
₴3976
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
-₴6686
-₴3571
-₴4689
-₴3193
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
-
-
-
31 500
unemployment
-
-
-
31
accident
-
-
-
63
national
-
-
-
-
pensions
-
-
-
3 405
health
-
-
-
1 966
municipal
-
-
-
6 672
other
-
-
-
3 660
total
-
-
-
15 797
Employee
29 057
-
23 969
-
national
-
-
-
-
municipal
8 665
-
7 148
-
total
8 665
-
7 148
-
Employer
29 057
-
23 969
-
accident
58
-
48
-
unemployment
767
-
633
-
health
1 787
-
1 474
-
pensions
3 141
-
2 591
-
other
3 376
-
2 785
-
total
9 129
-
7 531
-
Corporate
-
31 500
-
-
income
-
6 930
-
-
total
-
6 930
-
-
Dividends
-
24 570
-
-
withholding
-
7 371
-
-
total
-
7 371
-
-
Income
31 500
31 500
31 500
31 500
Total tax
17 794
14 301
14 679
15 797
After tax
13 706
17 199
16 821
15 703
Living cost
20 392
20 392
20 392
20 392
Free-cash
-6 686
-3 193
-3 571
-4 689

Estimated living cost  is ₴20392 per week

₴13515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2001
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
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.
₴4566
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
₴2896
₴3830
₴2566
-₴4303
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.

-
-
-
31 500
surtax

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

-
-
-
211
health

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

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

-
-
-
3 500
income

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

-
-
-
3 835
trade
-
-
-
1 264
total
-
-
-
8 810
Employee

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

25 979
-
31 500
-
income

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

2 232
-
3 835
-
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.

122
-
211
-
health

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

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

3 500
-
3 500
-
total
5 854
-
7 546
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
5 521
31 500
-
-
surtax

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

46
260
-
-
chamber of commerce
86
122
-
-
income
828
4 725
-
-
trade
908
5 182
-
-
total
1 868
10 289
-
-
Dividends
3 654
21 212
-
-
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.

40
281
-
-
withholding
718
5 109
-
-
total
758
5 390
-
-
Income
31 500
31 500
31 500
31 500
Total tax
8 480
15 679
7 546
8 810
After tax
23 020
15 821
23 954
22 690
Living cost
20 124
20 124
20 124
20 124
Free-cash
2 896
-4 303
3 830
2 566

Estimated living cost  is ₴20124 per week

₴13459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
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.
₴4242
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
₴4431
₴5151
₴7802
₴3300
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
-
-
-
31 500
health
-
-
-
803
income
-
-
-
1 365
social contributions
-
-
-
4 914
total
-
-
-
7 082
Employee
39 392
39 392
39 392
-
income
4 136
3 647
3 970
-
social contributions
1 914
3 269
2 374
-
health
392
670
486
-
total
6 442
7 586
6 830
-
Employer
39 392
39 392
39 392
-
social contributions
1 914
3 269
2 374
-
health
427
729
529
-
total
2 341
3 998
2 903
-
Corporate
6 101
-
-
-
income
762
-
-
-
total
762
-
-
-
Dividends
5 339
-
-
-
withholding
908
-
-
-
total
908
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
10 453
11 584
9 733
7 082
After tax
21 047
19 916
21 767
24 418
Living cost
16 616
16 616
16 616
16 616
Free-cash
4 431
3 300
5 151
7 802

Estimated living cost  is ₴16616 per week

₴11359
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3681
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
₴8097
₴8320
₴11880
₴7889
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
-
-
-
31 500
unemployment
-
-
-
472
pensions
-
-
-
3 150
health
-
-
-
2 205
income
-
-
-
3 851
total
-
-
-
9 678
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.

14 351
5 711
26 360
-
income
1 754
698
3 222
-
pensions
1 435
571
2 636
-
unemployment
215
86
395
-
health
1 005
400
1 845
-
total
4 409
1 755
8 098
-
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.

14 351
5 711
26 360
-
pensions
2 798
1 114
5 140
-
total
2 798
1 114
5 140
-
Corporate
14 351
24 675
-
-
income
1 292
2 221
-
-
total
1 292
2 221
-
-
Dividends
13 059
22 454
-
-
social contributions
2 481
4 313
-
-
withholding
2 481
4 266
-
-
total
4 962
8 579
-
-
Income
31 500
31 500
31 500
31 500
Total tax
13 461
13 669
13 238
9 678
After tax
18 039
17 831
18 262
21 822
Living cost
9 942
9 942
9 942
9 942
Free-cash
8 097
7 889
8 320
11 880

Estimated living cost  is ₴9942 per week

₴6784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴813
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.
₴2145
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
₴9644
₴5983
₴4889
₴12827
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
-
-
-
31 500
pensions
-
-
-
6 299
health
-
-
-
4 095
income
-
-
-
3 844
total
-
-
-
14 238
Employee
14 533
-
23 542
-
income
1 636
-
4 339
-
pensions
291
-
471
-
unemployment
232
-
376
-
total
2 159
-
5 186
-
Employer
14 533
-
23 542
-
unemployment
117
-
189
-
health
1 889
-
3 060
-
pensions
2 907
-
4 709
-
total
4 913
-
7 958
-
Corporate
12 055
31 500
-
-
income
2 411
6 300
-
-
total
2 411
6 300
-
-
Dividends
9 644
25 200
-
-
total
-
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
9 483
6 300
13 144
14 238
After tax
22 017
25 200
18 356
17 262
Living cost
12 373
12 373
12 373
12 373
Free-cash
9 644
12 827
5 983
4 889

Estimated living cost  is ₴12373 per week

₴8487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
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.
₴2901
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
₴854
₴5389
₴10674
-₴8513
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
-
-
-
31 500
accident
-
-
-
127
pensions
-
-
-
2 093
health
-
-
-
1 097
income
-
-
-
6 258
other
-
-
-
186
total
-
-
-
9 761
Employee
17 405
-
26 167
-
income
2 388
-
3 771
-
pensions
1 960
-
2 946
-
health
1 993
-
2 996
-
total
6 341
-
9 713
-
Employer
17 405
-
26 167
-
accident
291
-
437
-
unemployment
426
-
641
-
pensions
2 830
-
4 255
-
total
3 547
-
5 333
-
Corporate
10 548
31 500
-
-
income

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

9 493
28 350
-
-
total
9 493
28 350
-
-
Dividends
1 055
3 150
-
-
withholding
200
598
-
-
total
200
598
-
-
Income
31 500
31 500
31 500
31 500
Total tax
19 581
28 948
15 046
9 761
After tax
11 919
2 552
16 454
21 739
Living cost
11 065
11 065
11 065
11 065
Free-cash
854
-8 513
5 389
10 674

Estimated living cost  is ₴11065 per week

₴8109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2111
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
₴24570
₴20690
₴26675
₴25415
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%.

-
-
-
31 500
microenterprise

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

-
-
-
315
total
-
-
-
315
Employee
5 637
-
31 500
-
income
1 127
-
6 300
-
total
1 127
-
6 300
-
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%.

25 863
31 500
-
-
total
-
-
-
-
Dividends
25 863
31 500
-
-
withholding
1 293
1 575
-
-
total
1 293
1 575
-
-
Income
31 500
31 500
31 500
31 500
Total tax
2 420
1 575
6 300
315
After tax
29 080
29 925
25 200
31 185
Living cost
4 510
4 510
4 510
4 510
Free-cash
24 570
25 415
20 690
26 675

Estimated living cost  is ₴4510 per week

₴2795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴375
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴124
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.
₴1216
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
₴6032
₴4815
₴3408
₴9493
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
-
-
-
31 500
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.

-
-
-
7 559
health
-
-
-
1 386
income
-
-
-
4 001
other
-
-
-
1 496
total
-
-
-
14 442
Employee
18 600
-
25 161
-
income
3 202
-
4 331
-
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.

1 302
-
1 761
-
unemployment
186
-
252
-
health
261
-
352
-
total
4 951
-
6 696
-
Employer
18 600
-
25 161
-
accident
149
-
201
-
unemployment
186
-
252
-
health
261
-
352
-
pensions

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

3 162
-
4 276
-
other
930
-
1 258
-
total
4 688
-
6 339
-
Corporate
8 212
31 500
-
-
income
1 725
6 615
-
-
total
1 725
6 615
-
-
Dividends
6 487
24 885
-
-
withholding
454
1 742
-
-
total
454
1 742
-
-
Income
31 500
31 500
31 500
31 500
Total tax
11 818
8 357
13 035
14 442
After tax
19 682
23 143
18 465
17 058
Living cost
13 650
13 650
13 650
13 650
Free-cash
6 032
9 493
4 815
3 408

Estimated living cost  is ₴13650 per week

₴9645
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴922
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.
₴2864
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
-₴24362
-₴14338
-₴11098
-₴11122
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
-
-
-
31 500
pensions
-
-
-
1 968
income
-
-
-
5 907
total
-
-
-
7 875
Employee
49 127
-
28 072
-
income
8 856
-
5 096
-
pensions
4 739
-
2 213
-
health
810
-
378
-
total
14 405
-
7 687
-
Employer
49 127
-
28 072
-
health
933
-
533
-
pensions
5 801
-
2 895
-
total
6 734
-
3 428
-
Corporate
-
31 500
-
-
income

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

-
5 985
-
-
total
-
5 985
-
-
Dividends
-
25 515
-
-
withholding
-
1 914
-
-
total
-
1 914
-
-
Income
31 500
31 500
31 500
31 500
Total tax
21 139
7 899
11 115
7 875
After tax
10 361
23 601
20 385
23 625
Living cost
34 723
34 723
34 723
34 723
Free-cash
-24 362
-11 122
-14 338
-11 098

Estimated living cost  is ₴34723 per week

₴26018
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4080
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
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.
₴4343
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
₴17546
₴15485
₴14915
₴20001
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
-
-
-
31 500
unemployment
-
-
-
74
pensions

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

-
-
-
2 733
health
-
-
-
2 123
income
-
-
-
4 725
total
-
-
-
9 655
Employee
9 177
-
27 878
-
income
918
-
2 788
-
pensions

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

806
-
1 621
-
accident

We are using the highest rate at 1.1%.

101
-
203
-
health
422
-
849
-
total
2 247
-
5 461
-
Employer
9 177
-
27 878
-
accident

We are using the highest rate at 1.1%.

101
-
203
-
unemployment
55
-
111
-
health
633
-
1 274
-
pensions

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

1 011
-
2 035
-
total
1 800
-
3 623
-
Corporate
20 522
31 500
-
-
income
2 052
3 150
-
-
total
2 052
3 150
-
-
Dividends
18 470
28 350
-
-
withholding
924
1 418
-
-
total
924
1 418
-
-
Income
31 500
31 500
31 500
31 500
Total tax
7 023
4 568
9 084
9 655
After tax
24 477
26 932
22 416
21 845
Living cost
6 930
6 930
6 930
6 930
Free-cash
17 546
20 001
15 485
14 915

Estimated living cost  is ₴6930 per week

₴4046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴495
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.
₴2206
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
-₴24310
-₴26318
-₴10416
-₴23442
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
-
-
-
31 500
pensions
-
-
-
5 670
health
-
-
-
4 835
income
-
-
-
3 004
total
-
-
-
13 509
Employee
47 495
43 746
43 746
-
income

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

7 161
7 161
7 161
-
pensions
6 002
6 002
7 874
-
health
5 925
5 711
6 715
-
total
19 088
18 874
21 750
-
Employer
47 495
43 746
43 746
-
unemployment
1 710
1 575
1 575
-
health
3 300
3 041
3 041
-
pensions
3 305
3 045
3 045
-
total
8 315
7 661
7 661
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
27 403
26 535
29 411
13 509
After tax
4 097
4 965
2 089
17 991
Living cost
28 407
28 407
28 407
28 407
Free-cash
-24 310
-23 442
-26 318
-10 416

Estimated living cost  is ₴28407 per week

₴20955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2537
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
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.
₴4589
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
₴4510
₴3324
₴2681
₴9027
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
-
-
-
31 500
health
-
-
-
4 253
solidarity contribution
-
-
-
-
income
-
-
-
2 707
social contributions
-
-
-
9 198
total
-
-
-
16 158
Employee
18 620
-
23 507
-
solidarity contribution
-
-
-
-
income
2 234
-
2 821
-
social contributions
1 210
-
1 528
-
health
2 514
-
3 173
-
total
5 958
-
7 522
-
Employer
18 620
-
23 507
-
social contributions
4 655
-
5 877
-
health
1 676
-
2 116
-
total
6 331
-
7 993
-
Corporate
6 550
31 500
-
-
income
1 244
5 985
-
-
total
1 244
5 985
-
-
Dividends
5 305
25 515
-
-
withholding
796
3 827
-
-
total
796
3 827
-
-
Income
31 500
31 500
31 500
31 500
Total tax
14 329
9 812
15 515
16 158
After tax
17 171
21 688
15 985
15 342
Living cost
12 661
12 661
12 661
12 661
Free-cash
4 510
9 027
3 324
2 681

Estimated living cost  is ₴12661 per week

₴8795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
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.
₴2717
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
-₴14028
-₴6238
-₴4459
-₴4810
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
-
-
-
31 500
national
-
-
-
5 735
regional
-
-
-
318
municipal
-
-
-
188
social contributions
-
-
-
8 102
total
-
-
-
14 343
Employee
45 528
-
31 500
-
regional
430
-
279
-
national
7 889
-
5 054
-
social contributions
15 352
-
10 622
-
municipal
241
-
167
-
total
23 912
-
16 122
-
Employer
45 528
-
31 500
-
total
-
-
-
-
Corporate
-
31 500
-
-
nationa
-
7 560
-
-
municipal
-
1 229
-
-
total
-
8 789
-
-
Dividends
-
22 711
-
-
withholding
-
5 905
-
-
total
-
5 905
-
-
Income
31 500
31 500
31 500
31 500
Total tax
23 912
14 694
16 122
14 343
After tax
7 588
16 806
15 378
17 157
Living cost
21 616
21 616
21 616
21 616
Free-cash
-14 028
-4 810
-6 238
-4 459

Estimated living cost  is ₴21616 per week

₴15068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
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.
₴4798
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
₴6915
₴5642
₴6326
₴8509
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
-
-
-
31 500
unemployment
-
-
-
117
surtax
-
-
-
341
pensions
-
-
-
6 300
health
-
-
-
2 237
income
-
-
-
4 875
other
-
-
-
-
total
-
-
-
13 870
Employee
16 941
-
26 022
-
other
-
-
-
-
income
2 840
-
4 576
-
pensions
1 130
-
1 735
-
surtax
55
-
290
-
unemployment
1 179
-
1 811
-
health
433
-
664
-
total
5 637
-
9 076
-
Employer
16 941
-
26 022
-
unemployment
537
-
825
-
health
771
-
1 184
-
pensions
2 258
-
3 469
-
other
-
-
-
-
total
3 566
-
5 478
-
Corporate
10 993
31 500
-
-
income
2 858
8 190
-
-
total
2 858
8 190
-
-
Dividends
8 135
23 310
-
-
withholding
1 220
3 497
-
-
total
1 220
3 497
-
-
Income
31 500
31 500
31 500
31 500
Total tax
13 281
11 687
14 554
13 870
After tax
18 219
19 813
16 946
17 630
Living cost
11 304
11 304
11 304
11 304
Free-cash
6 915
8 509
5 642
6 326

Estimated living cost  is ₴11304 per week

₴6912
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3088
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
-₴5614
-₴3337
-₴97
-₴121
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
-
-
-
31 500
pensions
-
-
-
1 968
income
-
-
-
5 907
total
-
-
-
7 875
Employee
32 924
-
28 072
-
income
5 930
-
5 096
-
pensions
2 795
-
2 213
-
health
478
-
378
-
total
9 203
-
7 687
-
Employer
32 924
-
28 072
-
health
625
-
533
-
pensions
3 564
-
2 895
-
total
4 189
-
3 428
-
Corporate
-
31 500
-
-
income

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

-
5 985
-
-
total
-
5 985
-
-
Dividends
-
25 515
-
-
withholding
-
1 914
-
-
total
-
1 914
-
-
Income
31 500
31 500
31 500
31 500
Total tax
13 392
7 899
11 115
7 875
After tax
18 108
23 601
20 385
23 625
Living cost
23 722
23 722
23 722
23 722
Free-cash
-5 614
-121
-3 337
-97

Estimated living cost  is ₴23722 per week

₴17772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1778
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
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.
₴3923
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
-₴20516
-₴15491
-₴13890
-₴26178
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
-
-
-
31 500
national
-
-
-
98
pensions
-
-
-
2 898
health
-
-
-
132
regional
-
-
-
719
city
-
-
-
331
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.

-
-
-
630
total
-
-
-
4 808
Employee
47 492
-
28 194
-
pensions
3 990
-
2 368
-
regional
1 555
-
599
-
national
225
-
79
-
unemployment
-
-
-
-
health
107
-
64
-
city
510
-
303
-
total
6 387
-
3 413
-
Employer
47 492
-
28 194
-
unemployment
-
-
-
-
health
107
-
64
-
pensions
3 990
-
2 368
-
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.

950
-
564
-
total
5 047
-
2 996
-
Corporate
-
31 500
-
-
national
-
2 678
-
-
regional
-
6 662
-
-
total
-
9 340
-
-
Dividends
-
22 160
-
-
withholding
-
7 756
-
-
total
-
7 756
-
-
Income
31 500
31 500
31 500
31 500
Total tax
11 434
17 096
6 409
4 808
After tax
20 066
14 404
25 091
26 692
Living cost
40 582
40 582
40 582
40 582
Free-cash
-20 516
-26 178
-15 491
-13 890

Estimated living cost  is ₴40582 per week

₴26390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴498
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.
₴10052
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
₴399
₴486
-₴831
-₴7808
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.

-
-
-
31 500
surtax

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

-
-
-
211
health

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

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

-
-
-
3 500
income

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

-
-
-
3 835
trade
-
-
-
1 317
total
-
-
-
8 863
Employee

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

30 787
-
31 500
-
income

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

3 620
-
3 835
-
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.

199
-
211
-
health

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

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

3 500
-
3 500
-
total
7 319
-
7 546
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
713
31 500
-
-
surtax

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

6
260
-
-
chamber of commerce
79
122
-
-
income
107
4 725
-
-
trade
122
5 402
-
-
total
314
10 509
-
-
Dividends
399
20 991
-
-
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.

-
278
-
-
withholding
-
5 053
-
-
total
-
5 331
-
-
Income
31 500
31 500
31 500
31 500
Total tax
7 633
15 840
7 546
8 863
After tax
23 867
15 660
23 954
22 637
Living cost
23 468
23 468
23 468
23 468
Free-cash
399
-7 808
486
-831

Estimated living cost  is ₴23468 per week

₴17140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1877
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
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.
₴4146
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
₴1374
₴1534
₴1305
-₴1651
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
-
-
-
31 500
surtax
-
-
-
-
pensions
-
-
-
9 009
health
-
-
-
272
income
-
-
-
1 514
social contributions
-
-
-
897
other
-
-
-
976
total
-
-
-
12 668
Employee
21 925
-
24 005
-
income
1 294
-
1 546
-
pensions
2 479
-
2 715
-
surtax
-
-
-
-
social contributions
625
-
683
-
total
4 398
-
4 944
-
Employer
21 925
-
24 005
-
unemployment
888
-
972
-
social contributions
66
-
72
-
health
1 535
-
1 680
-
pensions
3 602
-
3 943
-
other
756
-
828
-
total
6 847
-
7 495
-
Corporate
2 729
31 500
-
-
surtax
-
-
-
-
income
764
8 820
-
-
total
764
8 820
-
-
Dividends
1 964
22 680
-
-
surtax
-
-
-
-
social contributions
338
3 901
-
-
withholding
252
2 903
-
-
total
590
6 804
-
-
Income
31 500
31 500
31 500
31 500
Total tax
12 599
15 624
12 439
12 668
After tax
18 901
15 876
19 061
18 832
Living cost
17 527
17 527
17 527
17 527
Free-cash
1 374
-1 651
1 534
1 305

Estimated living cost  is ₴17527 per week

₴11051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1425
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
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.
₴4753
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
₴2932
₴3271
₴3042
₴86
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
-
-
-
31 500
surtax
-
-
-
-
pensions
-
-
-
9 009
health
-
-
-
272
income
-
-
-
1 514
social contributions
-
-
-
897
other
-
-
-
976
total
-
-
-
12 668
Employee
19 571
-
24 005
-
income
1 009
-
1 546
-
pensions
2 214
-
2 715
-
surtax
-
-
-
-
social contributions
558
-
683
-
total
3 781
-
4 944
-
Employer
19 571
-
24 005
-
unemployment
792
-
972
-
social contributions
58
-
72
-
health
1 370
-
1 680
-
pensions
3 216
-
3 943
-
other
676
-
828
-
total
6 112
-
7 495
-
Corporate
5 817
31 500
-
-
surtax
-
-
-
-
income
1 629
8 820
-
-
total
1 629
8 820
-
-
Dividends
4 188
22 680
-
-
surtax
-
-
-
-
social contributions
720
3 901
-
-
withholding
536
2 903
-
-
total
1 256
6 804
-
-
Income
31 500
31 500
31 500
31 500
Total tax
12 778
15 624
12 439
12 668
After tax
18 722
15 876
19 061
18 832
Living cost
15 790
15 790
15 790
15 790
Free-cash
2 932
86
3 271
3 042

Estimated living cost  is ₴15790 per week

₴9158
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1604
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4729
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
₴8621
₴7943
₴9366
₴8355
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
-
-
-
31 500
health
-
-
-
2 199
income
-
-
-
4 725
social contributions
-
-
-
4 347
total
-
-
-
11 271
Employee
17 369
-
31 500
-
income
2 897
-
6 148
-
social contributions
2 397
-
4 347
-
health
1 212
-
2 199
-
total
6 506
-
12 694
-
Employer
17 369
-
31 500
-
total
-
-
-
-
Corporate
14 131
31 500
-
-
income

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

707
1 575
-
-
total
707
1 575
-
-
Dividends
13 424
29 925
-
-
social contributions
1 853
4 130
-
-
withholding
2 013
4 488
-
-
health
937
2 089
-
-
total
4 803
10 707
-
-
Income
31 500
31 500
31 500
31 500
Total tax
12 016
12 282
12 694
11 271
After tax
19 484
19 218
18 806
20 229
Living cost
10 863
10 863
10 863
10 863
Free-cash
8 621
8 355
7 943
9 366

Estimated living cost  is ₴10863 per week

₴7270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
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.
₴2672
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
-₴2055
-₴6257
-₴776
-₴60
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
-
-
-
31 500
unemployment
-
-
-
3 142
surtax
-
-
-
101
pensions
-
-
-
5 827
health
-
-
-
2 410
income
-
-
-
2 619
chamber of commerce
-
-
-
126
total
-
-
-
14 225
Employee
25 601
20 415
24 383
-
other
256
204
244
-
income
2 914
1 506
2 565
-
pensions
2 622
2 090
2 496
-
unemployment
768
612
731
-
health
991
790
944
-
total
7 551
5 202
6 980
-
Employer
25 601
20 415
24 383
-
chamber of commerce
102
82
97
-
surtax
101
101
101
-
accident
332
265
317
-
payroll
768
612
731
-
unemployment
768
612
731
-
health
967
772
922
-
pensions
3 213
2 563
3 060
-
other
1 216
969
1 158
-
total
7 467
5 976
7 117
-
Corporate
1 944
5 108
22 439
-
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.

486
1 277
5 609
-
total
486
1 277
5 609
-
Dividends
-
3 831
-
-
withholding
-
1 054
-
-
total
-
1 054
-
-
Income
31 500
31 500
31 500
31 500
Total tax
15 504
13 509
19 706
14 225
After tax
15 996
17 991
11 794
17 275
Living cost
18 051
18 051
18 051
18 051
Free-cash
-2 055
-60
-6 257
-776

Estimated living cost  is ₴18051 per week

₴12039
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1540
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4175
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
-₴15810
-₴5295
-₴2060
-₴939
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
-
-
-
31 500
national
-
-
-
9 374
communal

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

-
-
-
1 659
social contributions
-
-
-
3 849
total
-
-
-
14 882
Employee

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

36 644
-
24 398
-
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.

2 748
-
1 830
-
communal

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

1 911
-
1 273
-
national
11 266
-
6 552
-
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.

319
-
212
-
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.

1 722
-
1 147
-
total
17 966
-
11 014
-
Employer

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

36 644
-
24 398
-
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.

476
-
317
-
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.

535
-
356
-
health

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

2 253
-
1 501
-
pensions

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

3 247
-
2 162
-
surtax
4 155
-
2 767
-
total
10 666
-
7 103
-
Corporate
-
31 500
-
-
surtax
-
126
-
-
income
-
6 300
-
-
total
-
6 426
-
-
Dividends
-
25 073
-
-
withholding

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

-
7 335
-
-
total
-
7 335
-
-
Income
31 500
31 500
31 500
31 500
Total tax
28 632
13 761
18 117
14 882
After tax
2 868
17 739
13 383
16 618
Living cost
18 678
18 678
18 678
18 678
Free-cash
-15 810
-939
-5 295
-2 060

Estimated living cost  is ₴18678 per week

₴12031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
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.
₴4722
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
-₴2129
-₴1056
-₴1282
₴2769
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
-
-
-
31 500
unemployment
-
-
-
221
accident
-
-
-
284
pensions
-
-
-
8 915
income
-
-
-
4 831
other
-
-
-
31
total
-
-
-
14 282
Employee
25 500
-
23 885
-
other
25
-
24
-
income
5 380
-
4 927
-
pensions
1 199
-
1 123
-
unemployment
396
-
370
-
total
7 000
-
6 444
-
Employer
25 500
-
23 885
-
accident
505
-
472
-
unemployment
1 403
-
1 313
-
pensions
6 018
-
5 636
-
other
203
-
191
-
total
8 129
-
7 612
-
Corporate
-
31 500
-
-
income

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

-
4 725
-
-
total
-
4 725
-
-
Dividends
-
26 775
-
-
withholding
-
5 506
-
-
total
-
5 506
-
-
Income
31 500
31 500
31 500
31 500
Total tax
15 129
10 231
14 056
14 282
After tax
16 371
21 269
17 444
17 218
Living cost
18 500
18 500
18 500
18 500
Free-cash
-2 129
2 769
-1 056
-1 282

Estimated living cost  is ₴18500 per week

₴13624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1312
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
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.
₴3298
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
-₴11929
-₴6549
-₴7167
-₴8116
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
-
-
-
31 500
accident
-
-
-
284
surtax
-
-
-
1 667
pensions
-
-
-
5 040
communal
-
-
-
-
health
-
-
-
2 363
income
-
-
-
1 474
total
-
-
-
10 828
Employee
38 794
-
28 137
-
income
3 747
-
1 622
-
pensions
3 103
-
2 251
-
surtax
2 378
-
1 725
-
health
1 727
-
1 251
-
total
10 955
-
6 849
-
Employer
38 794
-
28 137
-
accident
349
-
253
-
health
1 183
-
857
-
pensions
3 103
-
2 251
-
total
4 635
-
3 361
-
Corporate
-
31 500
-
-
surtax
-
331
-
-
communal
-
2 126
-
-
income
-
4 725
-
-
total
-
7 182
-
-
Dividends
-
24 319
-
-
income
-
948
-
-
withholding
-
3 647
-
-
total
-
4 595
-
-
Income
31 500
31 500
31 500
31 500
Total tax
15 590
11 777
10 210
10 828
After tax
15 910
19 723
21 290
20 672
Living cost
27 839
27 839
27 839
27 839
Free-cash
-11 929
-8 116
-6 549
-7 167

Estimated living cost  is ₴27839 per week

₴20884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1687
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
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.
₴4973
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
₴6679
₴5440
₴6124
₴8307
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
-
-
-
31 500
unemployment
-
-
-
117
surtax
-
-
-
341
pensions
-
-
-
6 300
health
-
-
-
2 237
income
-
-
-
4 875
other
-
-
-
-
total
-
-
-
13 870
Employee
17 252
-
26 022
-
other
-
-
-
-
income
2 892
-
4 576
-
pensions
1 151
-
1 735
-
surtax
61
-
290
-
unemployment
1 201
-
1 811
-
health
440
-
664
-
total
5 745
-
9 076
-
Employer
17 252
-
26 022
-
unemployment
547
-
825
-
health
785
-
1 184
-
pensions
2 300
-
3 469
-
other
-
-
-
-
total
3 632
-
5 478
-
Corporate
10 616
31 500
-
-
income
2 760
8 190
-
-
total
2 760
8 190
-
-
Dividends
7 856
23 310
-
-
withholding
1 178
3 497
-
-
total
1 178
3 497
-
-
Income
31 500
31 500
31 500
31 500
Total tax
13 315
11 687
14 554
13 870
After tax
18 185
19 813
16 946
17 630
Living cost
11 506
11 506
11 506
11 506
Free-cash
6 679
8 307
5 440
6 124

Estimated living cost  is ₴11506 per week

₴6947
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
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.
₴3293
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
₴1618
₴1434
₴3200
₴2758
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
-
-
-
31 500
national
-
-
-
5 735
regional
-
-
-
475
municipal
-
-
-
188
social contributions
-
-
-
8 102
total
-
-
-
14 500
Employee
28 417
-
31 500
-
regional
383
-
423
-
national
4 502
-
5 054
-
social contributions
9 582
-
10 622
-
municipal
151
-
167
-
total
14 618
-
16 266
-
Employer
28 417
-
31 500
-
total
-
-
-
-
Corporate
3 083
31 500
-
-
nationa
740
7 560
-
-
municipal
154
1 565
-
-
total
894
9 125
-
-
Dividends
2 190
22 374
-
-
withholding
570
5 817
-
-
total
570
5 817
-
-
Income
31 500
31 500
31 500
31 500
Total tax
16 082
14 942
16 266
14 500
After tax
15 418
16 558
15 234
17 000
Living cost
13 800
13 800
13 800
13 800
Free-cash
1 618
2 758
1 434
3 200

Estimated living cost  is ₴13800 per week

₴8582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1398
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3583
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
₴521
₴383
-₴260
₴6086
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
-
-
-
31 500
health
-
-
-
4 253
solidarity contribution
-
-
-
-
income
-
-
-
2 707
social contributions
-
-
-
9 198
total
-
-
-
16 158
Employee
22 944
-
23 507
-
solidarity contribution
-
-
-
-
income
2 753
-
2 821
-
social contributions
1 491
-
1 528
-
health
3 097
-
3 173
-
total
7 341
-
7 522
-
Employer
22 944
-
23 507
-
social contributions
5 736
-
5 877
-
health
2 065
-
2 116
-
total
7 801
-
7 993
-
Corporate
755
31 500
-
-
income
143
5 985
-
-
total
143
5 985
-
-
Dividends
611
25 515
-
-
withholding
92
3 827
-
-
total
92
3 827
-
-
Income
31 500
31 500
31 500
31 500
Total tax
15 377
9 812
15 515
16 158
After tax
16 123
21 688
15 985
15 342
Living cost
15 602
15 602
15 602
15 602
Free-cash
521
6 086
383
-260

Estimated living cost  is ₴15602 per week

₴11603
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2865
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
₴1447
-₴4530
₴1033
₴1703
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
-
-
-
31 500
unemployment
-
-
-
3 142
surtax
-
-
-
-
pensions
-
-
-
5 827
health
-
-
-
2 410
income
-
-
-
2 619
chamber of commerce
-
-
-
126
total
-
-
-
14 124
Employee
22 393
20 415
24 460
-
other
224
204
245
-
income
1 995
1 506
2 587
-
pensions
2 293
2 090
2 504
-
unemployment
672
612
734
-
health
866
790
947
-
total
6 050
5 202
7 017
-
Employer
22 393
20 415
24 460
-
chamber of commerce
89
82
98
-
surtax
-
-
-
-
accident
291
265
318
-
payroll
672
612
734
-
unemployment
672
612
734
-
health
847
772
925
-
pensions
2 810
2 563
3 070
-
other
1 064
969
1 162
-
total
6 445
5 875
7 041
-
Corporate
2 663
5 209
22 515
-
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.

666
1 303
5 629
-
total
666
1 303
5 629
-
Dividends
1 997
3 907
-
-
withholding
549
1 074
-
-
total
549
1 074
-
-
Income
31 500
31 500
31 500
31 500
Total tax
13 710
13 454
19 687
14 124
After tax
17 790
18 046
11 813
17 376
Living cost
16 343
16 343
16 343
16 343
Free-cash
1 447
1 703
-4 530
1 033

Estimated living cost  is ₴16343 per week

₴9804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1669
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4579
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
₴21580
₴18173
₴24158
₴22898
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%.

-
-
-
31 500
microenterprise

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

-
-
-
315
total
-
-
-
315
Employee
8 784
-
31 500
-
income
1 757
-
6 300
-
total
1 757
-
6 300
-
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%.

22 716
31 500
-
-
total
-
-
-
-
Dividends
22 716
31 500
-
-
withholding
1 136
1 575
-
-
total
1 136
1 575
-
-
Income
31 500
31 500
31 500
31 500
Total tax
2 893
1 575
6 300
315
After tax
28 607
29 925
25 200
31 185
Living cost
7 027
7 027
7 027
7 027
Free-cash
21 580
22 898
18 173
24 158

Estimated living cost  is ₴7027 per week

₴4755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴295
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1741
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
₴3663
₴2519
₴3421
₴7948
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.

-
-
-
31 500
unemployment
-
-
-
48
pensions
-
-
-
5 753
health
-
-
-
3 100
income
-
-
-
5 438
total
-
-
-
14 339
Employee

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

22 653
-
27 257
-
income
3 906
-
4 973
-
pensions
3 511
-
4 225
-
unemployment
32
-
38
-
health
1 463
-
1 761
-
total
8 912
-
10 997
-
Employer

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

22 653
-
27 257
-
unemployment
14
-
17
-
health
1 509
-
1 815
-
pensions
2 005
-
2 412
-
total
3 528
-
4 244
-
Corporate
5 320
31 500
-
-
income
1 011
5 985
-
-
total
1 011
5 985
-
-
Dividends
4 309
25 515
-
-
withholding
646
3 827
-
-
total
646
3 827
-
-
Income
31 500
31 500
31 500
31 500
Total tax
14 097
9 812
15 241
14 339
After tax
17 403
21 688
16 259
17 161
Living cost
13 740
13 740
13 740
13 740
Free-cash
3 663
7 948
2 519
3 421

Estimated living cost  is ₴13740 per week

₴9430
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
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.
₴3164
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
-₴51456
₴175
-₴2237
-₴4841
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
-
-
-
31 500
income
-
-
-
6 140
social contributions
-
-
-
3 591
total
-
-
-
9 731
Employee
34 421
-
-
-
income
7 593
-
-
-
social contributions
2 823
-
402
-
total
10 416
-
402
-
Employer
34 421
-
-
-
social contributions
48 534
-
6 917
-
total
48 534
-
6 917
-
Corporate
-
31 500
-
-
income
-
6 930
-
-
total
-
6 930
-
-
Dividends
-
24 570
-
-
income
-
5 405
-
-
total
-
5 405
-
-
Income
31 500
31 500
31 500
31 500
Total tax
58 950
12 335
7 319
9 731
After tax
-27 450
19 165
24 181
21 769
Living cost
24 006
24 006
24 006
24 006
Free-cash
-51 456
-4 841
175
-2 237

Estimated living cost  is ₴24006 per week

₴15576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
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.
₴5866
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
₴1333
₴1095
₴2031
₴1850
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.

-
-
-
31 500
surtax
-
-
-
-
income
-
-
-
2 455
social contributions

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

-
-
-
10 946
total
-
-
-
13 401
Employee
23 561
-
25 454
-
income
4 901
-
5 491
-
surtax
-
-
-
-
social contributions
2 592
-
2 800
-
total
7 493
-
8 291
-
Employer
23 561
-
25 454
-
social contributions
5 596
-
6 046
-
total
5 596
-
6 046
-
Corporate
2 344
31 500
-
-
surtax
-
-
-
-
income
492
6 615
-
-
total
492
6 615
-
-
Dividends
1 852
24 885
-
-
withholding
518
6 967
-
-
total
518
6 967
-
-
Income
31 500
31 500
31 500
31 500
Total tax
14 099
13 582
14 337
13 401
After tax
17 401
17 918
17 163
18 099
Living cost
16 068
16 068
16 068
16 068
Free-cash
1 333
1 850
1 095
2 031

Estimated living cost  is ₴16068 per week

₴12022
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴948
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
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.
₴2830
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
-₴10605
-₴5681
-₴5910
-₴8866
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
-
-
-
31 500
surtax
-
-
-
-
pensions
-
-
-
9 009
health
-
-
-
272
income
-
-
-
1 514
social contributions
-
-
-
897
other
-
-
-
976
total
-
-
-
12 668
Employee
32 085
-
24 005
-
income
2 799
-
1 546
-
pensions
3 629
-
2 715
-
surtax
-
-
-
-
social contributions
914
-
683
-
total
7 342
-
4 944
-
Employer
32 085
-
24 005
-
unemployment
1 300
-
972
-
social contributions
96
-
72
-
health
2 246
-
1 680
-
pensions
5 272
-
3 943
-
other
1 107
-
828
-
total
10 021
-
7 495
-
Corporate
-
31 500
-
-
surtax
-
-
-
-
income
-
8 820
-
-
total
-
8 820
-
-
Dividends
-
22 680
-
-
surtax
-
-
-
-
social contributions
-
3 901
-
-
withholding
-
2 903
-
-
total
-
6 804
-
-
Income
31 500
31 500
31 500
31 500
Total tax
17 363
15 624
12 439
12 668
After tax
14 137
15 876
19 061
18 832
Living cost
24 742
24 742
24 742
24 742
Free-cash
-10 605
-8 866
-5 681
-5 910

Estimated living cost  is ₴24742 per week

₴16745
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
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.
₴5634
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
₴11230
₴9992
₴9110
₴12951
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
-
-
-
31 500
income
-
-
-
62
social contributions
-
-
-
6 929
total
-
-
-
6 991
Employee
16 469
-
27 272
-
income
-
-
108
-
social contributions
1 070
-
1 773
-
total
1 070
-
1 881
-
Employer
16 469
-
27 272
-
social contributions
2 553
-
4 228
-
total
2 553
-
4 228
-
Corporate
12 478
31 500
-
-
income
1 248
3 150
-
-
total
1 248
3 150
-
-
Dividends
11 230
28 350
-
-
total
-
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
4 871
3 150
6 109
6 991
After tax
26 629
28 350
25 391
24 509
Living cost
15 399
15 399
15 399
15 399
Free-cash
11 230
12 951
9 992
9 110

Estimated living cost  is ₴15399 per week

₴9957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3992
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
-₴79845
-₴79845
-₴4304
-₴79845
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
-
-
-
31 500
national
-
-
-
3 042
pensions
-
-
-
443
municipal
-
-
-
5 222
labour market
-
-
-
2 485
total
-
-
-
11 192
Employee
103 880
103 880
103 880
-
labour market
8 299
8 299
8 299
-
pensions
148
148
148
-
national
12 691
12 691
12 691
-
municipal
22 121
22 121
22 121
-
total
43 259
43 259
43 259
-
Employer
103 880
103 880
103 880
-
labour market
8 310
8 310
8 310
-
national
12 713
12 713
12 713
-
municipal
22 156
22 156
22 156
-
pensions
295
295
295
-
total
43 474
43 474
43 474
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
86 733
86 733
86 733
11 192
After tax
-55 233
-55 233
-55 233
20 308
Living cost
24 612
24 612
24 612
24 612
Free-cash
-79 845
-79 845
-79 845
-4 304

Estimated living cost  is ₴24612 per week

₴16845
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴379
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.
₴5211
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
₴880
₴5553
₴10838
-₴8349
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
-
-
-
31 500
accident
-
-
-
127
pensions
-
-
-
2 093
health
-
-
-
1 097
income
-
-
-
6 258
other
-
-
-
186
total
-
-
-
9 761
Employee
17 149
-
26 167
-
income
2 353
-
3 771
-
pensions
1 931
-
2 946
-
health
1 964
-
2 996
-
total
6 248
-
9 713
-
Employer
17 149
-
26 167
-
accident
286
-
437
-
unemployment
420
-
641
-
pensions
2 788
-
4 255
-
total
3 494
-
5 333
-
Corporate
10 857
31 500
-
-
income

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

9 771
28 350
-
-
total
9 771
28 350
-
-
Dividends
1 086
3 150
-
-
withholding
206
598
-
-
total
206
598
-
-
Income
31 500
31 500
31 500
31 500
Total tax
19 719
28 948
15 046
9 761
After tax
11 781
2 552
16 454
21 739
Living cost
10 901
10 901
10 901
10 901
Free-cash
880
-8 349
5 553
10 838

Estimated living cost  is ₴10901 per week

₴7935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴621
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.
₴2140
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
-₴537
-₴311
₴4467
₴2023
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

-
-
-
31 500
national
-
-
-
1 473
health
-
-
-
271
municipal
-
-
-
5 621
total
-
-
-
7 365
Employee
26 952
-
26 499
-
pensions
1 819
-
1 789
-
national
445
-
421
-
unemployment
404
-
398
-
municipal
4 415
-
4 342
-
health
201
-
194
-
total
7 284
-
7 144
-
Employer
26 952
-
26 499
-
accident
27
-
26
-
unemployment
175
-
172
-
health
207
-
204
-
pensions
4 676
-
4 597
-
total
5 085
-
4 999
-
Corporate
-
31 500
-
-
income
-
6 300
-
-
total
-
6 300
-
-
Dividends

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

-
18 900
-
-
national
-
107
-
-
municipal
-
3 402
-
-
total
-
3 509
-
-
Income
31 500
31 500
31 500
31 500
Total tax
12 369
9 809
12 143
7 365
After tax
19 131
21 691
19 357
24 135
Living cost
19 668
19 668
19 668
19 668
Free-cash
-537
2 023
-311
4 467

Estimated living cost  is ₴19668 per week

₴12847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1892
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴8522
₴9906
₴12557
₴8055
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
-
-
-
31 500
health
-
-
-
803
income
-
-
-
1 365
social contributions
-
-
-
4 914
total
-
-
-
7 082
Employee
39 392
39 392
39 392
-
income
4 289
3 647
3 970
-
social contributions
1 489
3 269
2 374
-
health
305
670
486
-
total
6 083
7 586
6 830
-
Employer
39 392
39 392
39 392
-
social contributions
1 489
3 269
2 374
-
health
332
729
529
-
total
1 821
3 998
2 903
-
Corporate
11 735
-
-
-
income
1 467
-
-
-
total
1 467
-
-
-
Dividends
10 268
-
-
-
withholding
1 746
-
-
-
total
1 746
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
11 117
11 584
9 733
7 082
After tax
20 383
19 916
21 767
24 418
Living cost
11 861
11 861
11 861
11 861
Free-cash
8 522
8 055
9 906
12 557

Estimated living cost  is ₴11861 per week

₴7108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3327
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
₴15347
₴11365
₴15519
₴17952
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
-
-
-
31 500
unemployment
-
-
-
15
pensions
-
-
-
3 259
health
-
-
-
1 854
income
-
-
-
2 720
total
-
-
-
7 848
Employee

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

11 759
-
28 558
-
income
804
-
2 207
-
pensions
1 763
-
4 283
-
unemployment
58
-
143
-
health
999
-
2 427
-
total
3 624
-
9 060
-
Employer

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

11 759
-
28 558
-
unemployment
58
-
143
-
health
506
-
1 228
-
pensions
646
-
1 571
-
total
1 210
-
2 942
-
Corporate
18 531
31 500
-
-
income
1 668
2 835
-
-
total
1 668
2 835
-
-
Dividends
16 863
28 665
-
-
withholding
1 518
2 580
-
-
total
1 518
2 580
-
-
Income
31 500
31 500
31 500
31 500
Total tax
8 020
5 415
12 002
7 848
After tax
23 480
26 085
19 498
23 652
Living cost
8 133
8 133
8 133
8 133
Free-cash
15 347
17 952
11 365
15 519

Estimated living cost  is ₴8133 per week

₴5189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2115
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
₴4489
₴3357
₴3131
₴7182
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
-
-
-
31 500
unemployment
-
-
-
221
accident
-
-
-
284
pensions
-
-
-
8 915
income
-
-
-
4 831
other
-
-
-
31
total
-
-
-
14 282
Employee
18 942
-
23 885
-
other
18
-
24
-
income
3 652
-
4 927
-
pensions
890
-
1 123
-
unemployment
294
-
370
-
total
4 854
-
6 444
-
Employer
18 942
-
23 885
-
accident
375
-
472
-
unemployment
1 042
-
1 313
-
pensions
4 470
-
5 636
-
other
152
-
191
-
total
6 039
-
7 612
-
Corporate
6 519
31 500
-
-
income

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

978
4 725
-
-
total
978
4 725
-
-
Dividends
5 541
26 775
-
-
withholding
1 053
5 506
-
-
total
1 053
5 506
-
-
Income
31 500
31 500
31 500
31 500
Total tax
12 924
10 231
14 056
14 282
After tax
18 576
21 269
17 444
17 218
Living cost
14 087
14 087
14 087
14 087
Free-cash
4 489
7 182
3 357
3 131

Estimated living cost  is ₴14087 per week

₴9509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1354
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.
₴2978
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
₴18632
₴19015
₴19079
₴18776
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
-
-
-
31 500
pensions
-
-
-
642
health
-
-
-
465
income
-
-
-
10 434
total
-
-
-
11 541
Employee
1 341
-
30 778
-
income
259
-
10 401
-
pensions
121
-
289
-
unemployment
13
-
32
-
health
67
-
161
-
total
460
-
10 883
-
Employer
1 341
-
30 778
-
unemployment
27
-
64
-
health
127
-
305
-
pensions
147
-
353
-
total
301
-
722
-
Corporate
29 858
31 500
-
-
income
6 569
6 930
-
-
total
6 569
6 930
-
-
Dividends
23 289
24 570
-
-
withholding
4 658
4 914
-
-
total
4 658
4 914
-
-
Income
31 500
31 500
31 500
31 500
Total tax
11 988
11 844
11 605
11 541
After tax
19 512
19 656
19 895
19 959
Living cost
880
880
880
880
Free-cash
18 632
18 776
19 015
19 079

Estimated living cost  is ₴880 per week

₴523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴71
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
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.
₴266
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
₴11409
₴8046
₴6690
₴13922
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.

-
-
-
31 500
unemployment
-
-
-
472
pensions
-
-
-
8 190
health
-
-
-
3 244
income
-
-
-
4 067
total
-
-
-
15 973
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.

13 325
-
26 718
-
income
1 837
-
4 519
-
pensions
1 865
-
3 740
-
unemployment
100
-
200
-
health
686
-
1 376
-
total
4 488
-
9 835
-
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.

13 325
-
26 718
-
unemployment
100
-
200
-
health
686
-
1 376
-
pensions
1 599
-
3 206
-
total
2 385
-
4 782
-
Corporate
15 790
31 500
-
-
income
2 368
4 725
-
-
total
2 368
4 725
-
-
Dividends
13 421
26 775
-
-
withholding
2 013
4 016
-
-
total
2 013
4 016
-
-
Income
31 500
31 500
31 500
31 500
Total tax
11 254
8 741
14 617
15 973
After tax
20 246
22 759
16 883
15 527
Living cost
8 837
8 837
8 837
8 837
Free-cash
11 409
13 922
8 046
6 690

Estimated living cost  is ₴8837 per week

₴5950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
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.
₴1948
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
₴3922
₴3352
₴4288
₴4107
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.

-
-
-
31 500
surtax
-
-
-
-
income
-
-
-
2 455
social contributions

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

-
-
-
10 946
total
-
-
-
13 401
Employee
19 883
-
25 454
-
income
3 885
-
5 491
-
surtax
-
-
-
-
social contributions
2 187
-
2 800
-
total
6 072
-
8 291
-
Employer
19 883
-
25 454
-
social contributions
4 722
-
6 046
-
total
4 722
-
6 046
-
Corporate
6 896
31 500
-
-
surtax
-
-
-
-
income
1 448
6 615
-
-
total
1 448
6 615
-
-
Dividends
5 447
24 885
-
-
withholding
1 525
6 967
-
-
total
1 525
6 967
-
-
Income
31 500
31 500
31 500
31 500
Total tax
13 767
13 582
14 337
13 401
After tax
17 733
17 918
17 163
18 099
Living cost
13 811
13 811
13 811
13 811
Free-cash
3 922
4 107
3 352
4 288

Estimated living cost  is ₴13811 per week

₴9782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴960
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.
₴2825
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
-₴1129
-₴560
-₴786
₴3265
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
-
-
-
31 500
unemployment
-
-
-
221
accident
-
-
-
284
pensions
-
-
-
8 915
income
-
-
-
4 831
other
-
-
-
31
total
-
-
-
14 282
Employee
24 741
-
23 885
-
other
24
-
24
-
income
5 167
-
4 927
-
pensions
1 163
-
1 123
-
unemployment
383
-
370
-
total
6 737
-
6 444
-
Employer
24 741
-
23 885
-
accident
490
-
472
-
unemployment
1 361
-
1 313
-
pensions
5 839
-
5 636
-
other
198
-
191
-
total
7 888
-
7 612
-
Corporate
-
31 500
-
-
income

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

-
4 725
-
-
total
-
4 725
-
-
Dividends
-
26 775
-
-
withholding
-
5 506
-
-
total
-
5 506
-
-
Income
31 500
31 500
31 500
31 500
Total tax
14 625
10 231
14 056
14 282
After tax
16 875
21 269
17 444
17 218
Living cost
18 004
18 004
18 004
18 004
Free-cash
-1 129
3 265
-560
-786

Estimated living cost  is ₴18004 per week

₴12930
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.
₴254
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.
₴3421
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
₴14619
₴13323
₴12752
₴17839
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
-
-
-
31 500
unemployment
-
-
-
74
pensions

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

-
-
-
2 733
health
-
-
-
2 123
income
-
-
-
4 725
total
-
-
-
9 655
Employee
12 041
-
27 878
-
income
1 204
-
2 788
-
pensions

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

1 057
-
1 621
-
accident

We are using the highest rate at 1.1%.

132
-
203
-
health
554
-
849
-
total
2 947
-
5 461
-
Employer
12 041
-
27 878
-
accident

We are using the highest rate at 1.1%.

132
-
203
-
unemployment
72
-
111
-
health
831
-
1 274
-
pensions

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

1 327
-
2 035
-
total
2 362
-
3 623
-
Corporate
17 097
31 500
-
-
income
1 710
3 150
-
-
total
1 710
3 150
-
-
Dividends
15 387
28 350
-
-
withholding
769
1 418
-
-
total
769
1 418
-
-
Income
31 500
31 500
31 500
31 500
Total tax
7 788
4 568
9 084
9 655
After tax
23 712
26 932
22 416
21 845
Living cost
9 093
9 093
9 093
9 093
Free-cash
14 619
17 839
13 323
12 752

Estimated living cost  is ₴9093 per week

₴6014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
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.
₴2342
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
₴3231
₴4176
₴3074
-₴3470
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.

-
-
-
31 500
surtax

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

-
-
-
211
health

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

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

-
-
-
3 500
income

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

-
-
-
3 835
trade
-
-
-
1 102
total
-
-
-
8 648
Employee

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

25 489
-
31 500
-
income

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

2 096
-
3 835
-
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.

116
-
211
-
health

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

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

3 500
-
3 500
-
total
5 712
-
7 546
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
6 011
31 500
-
-
surtax

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

50
260
-
-
chamber of commerce
87
124
-
-
income
901
4 725
-
-
trade
862
4 520
-
-
total
1 900
9 629
-
-
Dividends
4 111
21 871
-
-
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.

46
290
-
-
withholding
833
5 273
-
-
total
879
5 563
-
-
Income
31 500
31 500
31 500
31 500
Total tax
8 491
15 192
7 546
8 648
After tax
23 009
16 308
23 954
22 852
Living cost
19 778
19 778
19 778
19 778
Free-cash
3 231
-3 470
4 176
3 074

Estimated living cost  is ₴19778 per week

₴13643
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.
₴287
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.
₴3719
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
-₴8572
-₴4764
-₴4764
-₴7132
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
-
-
-
31 500
income
-
-
-
4 696
social contributions
-
-
-
2 386
total
-
-
-
7 082
Employee
40 072
-
31 500
-
income
7 561
-
4 696
-
social contributions
3 329
-
2 386
-
total
10 890
-
7 082
-
Employer
40 072
-
31 500
-
total
-
-
-
-
Corporate
-
31 500
-
-
income
-
3 937
-
-
total
-
3 937
-
-
Dividends
-
27 563
-
-
withholding
-
5 513
-
-
total
-
5 513
-
-
Income
31 500
31 500
31 500
31 500
Total tax
10 890
9 450
7 082
7 082
After tax
20 610
22 050
24 418
24 418
Living cost
29 182
29 182
29 182
29 182
Free-cash
-8 572
-7 132
-4 764
-4 764

Estimated living cost  is ₴29182 per week

₴22201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2378
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4324
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
₴2140
₴4231
-₴4926
-₴827
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.

-
-
-
31 500
health

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

-
-
-
3 248
income
-
-
-
14 582
total
-
-
-
17 830
Employee
23 500
-
29 144
-
income
2 550
-
3 961
-
social contributions
2 355
-
2 356
-
total
4 905
-
6 317
-
Employer
23 500
-
29 144
-
social contributions
2 355
-
2 356
-
total
2 355
-
2 356
-
Corporate
5 645
31 500
-
-
income
1 975
11 025
-
-
total
1 975
11 025
-
-
Dividends
3 670
20 475
-
-
social contributions
1 529
2 706
-
-
total
1 529
2 706
-
-
Income
31 500
31 500
31 500
31 500
Total tax
10 764
13 731
8 673
17 830
After tax
20 736
17 769
22 827
13 670
Living cost
18 596
18 596
18 596
18 596
Free-cash
2 140
-827
4 231
-4 926

Estimated living cost  is ₴18596 per week

₴12249
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.
₴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.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴1388
₴1100
₴4340
₴4316
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
-
-
-
31 500
pensions
-
-
-
1 968
income
-
-
-
5 907
total
-
-
-
7 875
Employee
26 471
-
28 072
-
income
4 821
-
5 096
-
pensions
2 020
-
2 213
-
health
345
-
378
-
total
7 186
-
7 687
-
Employer
26 471
-
28 072
-
health
503
-
533
-
pensions
2 674
-
2 895
-
total
3 177
-
3 428
-
Corporate
1 851
31 500
-
-
income

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

352
5 985
-
-
total
352
5 985
-
-
Dividends
1 499
25 515
-
-
withholding
112
1 914
-
-
total
112
1 914
-
-
Income
31 500
31 500
31 500
31 500
Total tax
10 827
7 899
11 115
7 875
After tax
20 673
23 601
20 385
23 625
Living cost
19 285
19 285
19 285
19 285
Free-cash
1 388
4 316
1 100
4 340

Estimated living cost  is ₴19285 per week

₴13229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1773
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.
₴4040
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
₴713
₴4473
₴9758
-₴9429
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
-
-
-
31 500
accident
-
-
-
127
pensions
-
-
-
2 093
health
-
-
-
1 097
income
-
-
-
6 258
other
-
-
-
186
total
-
-
-
9 761
Employee
18 846
-
26 167
-
income
2 586
-
3 771
-
pensions
2 122
-
2 946
-
health
2 158
-
2 996
-
total
6 866
-
9 713
-
Employer
18 846
-
26 167
-
accident
315
-
437
-
unemployment
462
-
641
-
pensions
3 064
-
4 255
-
total
3 841
-
5 333
-
Corporate
8 813
31 500
-
-
income

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

7 932
28 350
-
-
total
7 932
28 350
-
-
Dividends
881
3 150
-
-
withholding
167
598
-
-
total
167
598
-
-
Income
31 500
31 500
31 500
31 500
Total tax
18 806
28 948
15 046
9 761
After tax
12 694
2 552
16 454
21 739
Living cost
11 981
11 981
11 981
11 981
Free-cash
713
-9 429
4 473
9 758

Estimated living cost  is ₴11981 per week

₴8792
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴698
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.
₴2249
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
₴17369
₴11615
₴11615
₴19859
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.

-
-
-
31 500
unemployment
-
-
-
378
pensions
-
-
-
5 796
income
-
-
-
4 306
health insurance
-
-
-
2 331
work injury
-
-
-
158
total
-
-
-
12 969
Employee

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

11 066
-
31 500
-
income
1 107
-
4 306
-
pensions
2 036
-
5 796
-
health insurance
819
-
2 331
-
unemployment
133
-
378
-
work injury
55
-
158
-
total
4 150
-
12 969
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 434
31 500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
20 434
31 500
-
-
withholding
3 065
4 725
-
-
total
3 065
4 725
-
-
Income
31 500
31 500
31 500
31 500
Total tax
7 215
4 725
12 969
12 969
After tax
24 285
26 775
18 531
18 531
Living cost
6 916
6 916
6 916
6 916
Free-cash
17 369
19 859
11 615
11 615

Estimated living cost  is ₴6916 per week

₴4285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
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.
₴1913
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
-₴11669
-₴5196
-₴3449
-₴3816
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
-
-
-
31 500
national
-
-
-
5 735
regional
-
-
-
493
municipal
-
-
-
211
social contributions
-
-
-
8 102
total
-
-
-
14 541
Employee
43 168
-
31 500
-
regional
652
-
424
-
national
7 295
-
5 054
-
social contributions
14 556
-
10 622
-
municipal
258
-
188
-
total
22 761
-
16 288
-
Employer
43 168
-
31 500
-
total
-
-
-
-
Corporate
-
31 500
-
-
nationa
-
7 560
-
-
municipal
-
1 518
-
-
total
-
9 078
-
-
Dividends
-
22 421
-
-
withholding
-
5 830
-
-
total
-
5 830
-
-
Income
31 500
31 500
31 500
31 500
Total tax
22 761
14 908
16 288
14 541
After tax
8 739
16 592
15 212
16 959
Living cost
20 408
20 408
20 408
20 408
Free-cash
-11 669
-3 816
-5 196
-3 449

Estimated living cost  is ₴20408 per week

₴14335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
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.
₴4360
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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