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
₴6264
₴675
₴8613
₴7352
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
trade
-
-
-
1 261
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.

-
-
-
3 913
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.

-
-
-
3 452
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.

-
-
-
215
total
-
-
-
8 841
Employee

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

19 329
-
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.

30
-
215
-
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.

3 452
-
3 452
-
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.

540
-
3 913
-
total
4 022
-
7 580
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
12 171
31 500
-
-
trade
1 917
4 961
-
-
income
1 826
4 725
-
-
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.

101
260
-
-
chamber of commerce
94
122
-
-
total
3 938
10 068
-
-
Dividends
8 233
21 432
-
-
withholding
1 866
5 166
-
-
surtax

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

103
284
-
-
total
1 969
5 450
-
-
Income
31 500
31 500
31 500
31 500
Total tax
9 929
15 518
7 580
8 841
After tax
21 571
15 982
23 920
22 659
Living cost
15 307
15 307
15 307
15 307
Free-cash
6 264
675
8 613
7 352

Estimated living cost  is ₴15307 per week

₴9628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3608
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
-₴12524
-₴6381
-₴6142
-₴6389
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
social contributions
-
-
-
339
pensions
-
-
-
3 780
municipal
-
-
-
3 033
national
-
-
-
4 700
total
-
-
-
11 852
Employee
40 362
-
27 231
-
national
7 725
-
4 889
-
municipal
4 985
-
3 155
-
pensions
1 614
-
1 089
-
total
14 324
-
9 133
-
Employer
40 362
-
27 231
-
pensions
3 229
-
2 179
-
social contributions
434
-
293
-
total
3 663
-
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
17 987
11 844
11 605
11 852
After tax
13 513
19 656
19 895
19 648
Living cost
26 037
26 037
26 037
26 037
Free-cash
-12 524
-6 381
-6 142
-6 389

Estimated living cost  is ₴26037 per week

₴17697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴390
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.
₴5530
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
₴10540
₴14686
₴7457
₴14670
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
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.

-
-
-
1 591
income
-
-
-
-
microenterprise
-
-
-
4 725
surtax
-
-
-
-
total
-
-
-
6 316
Employee
14 767
-
25 384
-
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.

1 625
-
2 793
-
income
2 629
-
4 620
-
total
4 254
-
7 413
-
Employer
14 767
-
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.

3 557
-
6 116
-
surtax
-
-
-
-
total
3 557
-
6 116
-
Corporate
13 176
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%.

2 635
6 300
-
-
total
2 635
6 300
-
-
Dividends

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

10 541
25 200
-
-
total
-
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
10 446
6 300
13 529
6 316
After tax
21 054
25 200
17 971
25 184
Living cost
10 514
10 514
10 514
10 514
Free-cash
10 540
14 686
7 457
14 670

Estimated living cost  is ₴10514 per week

₴6707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1001
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2566
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
-₴18684
-₴15847
-₴18684
-₴3184
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
-
-
-
3 008
pensions
-
-
-
5 671
health
-
-
-
4 835
total
-
-
-
13 514
Employee
43 155
43 155
43 155
-
health
6 624
5 634
6 624
-
pensions
7 768
5 921
7 768
-
income

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

7 064
7 064
7 064
-
total
21 456
18 619
21 456
-
Employer
43 155
43 155
43 155
-
pensions
3 004
3 004
3 004
-
unemployment
1 554
1 554
1 554
-
health
3 000
3 000
3 000
-
total
7 558
7 558
7 558
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
29 014
26 177
29 014
13 514
After tax
2 486
5 323
2 486
17 986
Living cost
21 170
21 170
21 170
21 170
Free-cash
-18 684
-15 847
-18 684
-3 184

Estimated living cost  is ₴21170 per week

₴15003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴337
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.
₴3922
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
-₴8087
-₴3941
-₴4319
-₴5437
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
other
-
-
-
3 660
unemployment
-
-
-
31
pensions
-
-
-
3 405
municipal
-
-
-
6 672
accident
-
-
-
63
national
-
-
-
-
health
-
-
-
1 966
total
-
-
-
15 797
Employee
30 123
-
23 969
-
national
-
-
-
-
municipal
8 983
-
7 148
-
total
8 983
-
7 148
-
Employer
30 123
-
23 969
-
other
3 500
-
2 785
-
accident
60
-
48
-
pensions
3 256
-
2 591
-
unemployment
795
-
633
-
health
1 853
-
1 474
-
total
9 464
-
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
18 447
14 301
14 679
15 797
After tax
13 053
17 199
16 821
15 703
Living cost
21 140
21 140
21 140
21 140
Free-cash
-8 087
-3 941
-4 319
-5 437

Estimated living cost  is ₴21140 per week

₴14011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
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.
₴4734
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
₴3068
-₴4033
₴4068
₴2751
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
trade
-
-
-
1 317
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.

-
-
-
3 913
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.

-
-
-
3 452
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.

-
-
-
215
total
-
-
-
8 897
Employee

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

25 628
-
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.

121
-
215
-
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.

3 452
-
3 452
-
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.

2 202
-
3 913
-
total
5 775
-
7 580
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
5 872
31 500
-
-
trade
966
5 182
-
-
income
881
4 725
-
-
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.

49
260
-
-
chamber of commerce
85
122
-
-
total
1 981
10 289
-
-
Dividends
3 891
21 212
-
-
withholding
781
5 111
-
-
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.

43
281
-
-
total
824
5 392
-
-
Income
31 500
31 500
31 500
31 500
Total tax
8 580
15 681
7 580
8 897
After tax
22 920
15 819
23 920
22 603
Living cost
19 852
19 852
19 852
19 852
Free-cash
3 068
-4 033
4 068
2 751

Estimated living cost  is ₴19852 per week

₴13277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2094
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
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.
₴4185
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
₴4680
₴3682
₴5441
₴7975
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
social contributions
-
-
-
4 914
income
-
-
-
1 416
health
-
-
-
804
total
-
-
-
7 134
Employee
38 859
38 859
38 859
-
health
386
661
486
-
social contributions
1 888
3 225
2 374
-
income
4 081
3 597
3 905
-
total
6 355
7 483
6 765
-
Employer
38 859
38 859
38 859
-
social contributions
1 888
3 225
2 374
-
health
421
719
529
-
total
2 309
3 944
2 903
-
Corporate
6 444
-
-
-
income
806
-
-
-
total
806
-
-
-
Dividends
5 639
-
-
-
withholding
959
-
-
-
total
959
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
10 429
11 427
9 668
7 134
After tax
21 071
20 073
21 832
24 366
Living cost
16 391
16 391
16 391
16 391
Free-cash
4 680
3 682
5 441
7 975

Estimated living cost  is ₴16391 per week

₴11205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1280
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
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.
₴3631
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
₴8612
₴8418
₴8858
₴12418
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
income
-
-
-
3 851
pensions
-
-
-
3 150
health
-
-
-
2 205
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.

13 575
5 403
26 360
-
unemployment
204
81
395
-
health
950
378
1 845
-
pensions
1 357
540
2 636
-
income
1 660
660
3 222
-
total
4 171
1 659
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.

13 575
5 403
26 360
-
pensions
2 647
1 053
5 140
-
total
2 647
1 053
5 140
-
Corporate
15 278
25 044
-
-
income
1 375
2 254
-
-
total
1 375
2 254
-
-
Dividends
13 903
22 790
-
-
withholding
2 642
4 330
-
-
social contributions
2 649
4 382
-
-
total
5 291
8 712
-
-
Income
31 500
31 500
31 500
31 500
Total tax
13 484
13 678
13 238
9 678
After tax
18 016
17 822
18 262
21 822
Living cost
9 404
9 404
9 404
9 404
Free-cash
8 612
8 418
8 858
12 418

Estimated living cost  is ₴9404 per week

₴6417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴769
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴188
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.
₴2029
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
₴9855
₴12994
₴6113
₴5018
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
-
-
-
3 881
pensions
-
-
-
6 300
health
-
-
-
4 095
total
-
-
-
14 276
Employee
14 336
-
23 543
-
unemployment
229
-
377
-
pensions
287
-
471
-
income
1 614
-
4 376
-
total
2 130
-
5 224
-
Employer
14 336
-
23 543
-
pensions
2 867
-
4 709
-
unemployment
115
-
188
-
health
1 863
-
3 060
-
total
4 845
-
7 957
-
Corporate
12 318
31 500
-
-
income
2 464
6 300
-
-
total
2 464
6 300
-
-
Dividends
9 854
25 200
-
-
total
-
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
9 439
6 300
13 181
14 276
After tax
22 061
25 200
18 319
17 224
Living cost
12 206
12 206
12 206
12 206
Free-cash
9 855
12 994
6 113
5 018

Estimated living cost  is ₴12206 per week

₴8372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴727
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2862
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
₴808
-₴8819
₴5159
₴10378
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
other
-
-
-
192
income
-
-
-
6 152
pensions
-
-
-
2 150
accident
-
-
-
131
health
-
-
-
1 127
total
-
-
-
9 752
Employee
17 886
-
26 167
-
health
2 048
-
2 996
-
pensions
2 014
-
2 946
-
income
2 454
-
3 696
-
total
6 516
-
9 638
-
Employer
17 886
-
26 167
-
accident
299
-
437
-
pensions
2 908
-
4 255
-
unemployment
438
-
641
-
total
3 645
-
5 333
-
Corporate
9 969
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.

8 972
28 350
-
-
total
8 972
28 350
-
-
Dividends
997
3 150
-
-
withholding
189
599
-
-
total
189
599
-
-
Income
31 500
31 500
31 500
31 500
Total tax
19 322
28 949
14 971
9 752
After tax
12 178
2 551
16 529
21 748
Living cost
11 370
11 370
11 370
11 370
Free-cash
808
-8 819
5 159
10 378

Estimated living cost  is ₴11370 per week

₴8333
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2170
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
₴25002
₴25779
₴21054
₴27039
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
5 183
-
31 500
-
income
1 036
-
6 300
-
total
1 036
-
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%.

26 317
31 500
-
-
total
-
-
-
-
Dividends
26 317
31 500
-
-
withholding
1 316
1 575
-
-
total
1 316
1 575
-
-
Income
31 500
31 500
31 500
31 500
Total tax
2 352
1 575
6 300
315
After tax
29 148
29 925
25 200
31 185
Living cost
4 146
4 146
4 146
4 146
Free-cash
25 002
25 779
21 054
27 039

Estimated living cost  is ₴4146 per week

₴2570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴114
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.
₴1118
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
₴6264
₴9677
₴5000
₴3591
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
other
-
-
-
1 496
income
-
-
-
4 001
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.

-
-
-
7 560
health
-
-
-
1 386
total
-
-
-
14 443
Employee
18 349
-
25 160
-
unemployment
183
-
251
-
health
257
-
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.

1 284
-
1 761
-
income
3 159
-
4 331
-
total
4 883
-
6 695
-
Employer
18 349
-
25 160
-
other
918
-
1 258
-
accident
147
-
201
-
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.

3 120
-
4 277
-
unemployment
183
-
251
-
health
257
-
352
-
total
4 625
-
6 339
-
Corporate
8 527
31 500
-
-
income
1 790
6 615
-
-
total
1 790
6 615
-
-
Dividends
6 736
24 885
-
-
withholding
472
1 742
-
-
total
472
1 742
-
-
Income
31 500
31 500
31 500
31 500
Total tax
11 770
8 357
13 034
14 443
After tax
19 730
23 143
18 466
17 057
Living cost
13 466
13 466
13 466
13 466
Free-cash
6 264
9 677
5 000
3 591

Estimated living cost  is ₴13466 per week

₴9514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴909
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.
₴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 Bratislava model

Close
London , United Kingdom
-₴22611
-₴10035
-₴13302
-₴10031
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
-
-
-
5 901
pensions
-
-
-
1 995
total
-
-
-
7 896
Employee
47 589
-
28 045
-
health
784
-
383
-
pensions
4 591
-
2 246
-
income
8 578
-
5 083
-
total
13 953
-
7 712
-
Employer
47 589
-
28 045
-
pensions
5 619
-
2 922
-
health
904
-
533
-
total
6 523
-
3 455
-
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.

-
5 986
-
-
total
-
5 986
-
-
Dividends
-
25 514
-
-
withholding
-
1 914
-
-
total
-
1 914
-
-
Income
31 500
31 500
31 500
31 500
Total tax
20 476
7 900
11 167
7 896
After tax
11 024
23 600
20 333
23 604
Living cost
33 635
33 635
33 635
33 635
Free-cash
-22 611
-10 035
-13 302
-10 031

Estimated living cost  is ₴33635 per week

₴25204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
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.
₴4207
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
₴17931
₴20287
₴16013
₴15402
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
-
-
-
71
income
-
-
-
4 725
pensions

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

-
-
-
2 620
health
-
-
-
2 036
total
-
-
-
9 452
Employee
8 800
-
28 026
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
health
405
-
814
-
pensions

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

773
-
1 555
-
income
880
-
2 803
-
total
2 155
-
5 367
-
Employer
8 800
-
28 026
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

970
-
1 951
-
unemployment
53
-
106
-
health
607
-
1 222
-
total
1 727
-
3 474
-
Corporate
20 973
31 500
-
-
income
2 097
3 150
-
-
total
2 097
3 150
-
-
Dividends
18 876
28 350
-
-
withholding
944
1 417
-
-
total
944
1 417
-
-
Income
31 500
31 500
31 500
31 500
Total tax
6 923
4 567
8 841
9 452
After tax
24 577
26 933
22 659
22 048
Living cost
6 646
6 646
6 646
6 646
Free-cash
17 931
20 287
16 013
15 402

Estimated living cost  is ₴6646 per week

₴3880
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴475
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Varna model

Close
Amsterdam , Netherlands
-₴23557
-₴22700
-₴25537
-₴10037
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
-
-
-
3 008
pensions
-
-
-
5 671
health
-
-
-
4 835
total
-
-
-
13 514
Employee
46 853
43 155
43 155
-
health
5 845
5 634
6 624
-
pensions
5 921
5 921
7 768
-
income

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

7 064
7 064
7 064
-
total
18 830
18 619
21 456
-
Employer
46 853
43 155
43 155
-
pensions
3 261
3 004
3 004
-
unemployment
1 687
1 554
1 554
-
health
3 256
3 000
3 000
-
total
8 204
7 558
7 558
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
27 034
26 177
29 014
13 514
After tax
4 466
5 323
2 486
17 986
Living cost
28 023
28 023
28 023
28 023
Free-cash
-23 557
-22 700
-25 537
-10 037

Estimated living cost  is ₴28023 per week

₴20671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
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.
₴4527
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
₴4541
₴9051
₴3347
₴2706
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
social contributions
-
-
-
9 198
income
-
-
-
2 707
health
-
-
-
4 252
solidarity contribution
-
-
-
-
total
-
-
-
16 157
Employee
18 584
-
23 507
-
solidarity contribution
-
-
-
-
health
2 509
-
3 174
-
social contributions
1 208
-
1 528
-
income
2 230
-
2 821
-
total
5 947
-
7 523
-
Employer
18 584
-
23 507
-
social contributions
4 646
-
5 877
-
health
1 673
-
2 116
-
total
6 319
-
7 993
-
Corporate
6 597
31 500
-
-
income
1 254
5 985
-
-
total
1 254
5 985
-
-
Dividends
5 344
25 515
-
-
withholding
802
3 827
-
-
total
802
3 827
-
-
Income
31 500
31 500
31 500
31 500
Total tax
14 322
9 812
15 516
16 157
After tax
17 178
21 688
15 984
15 343
Living cost
12 637
12 637
12 637
12 637
Free-cash
4 541
9 051
3 347
2 706

Estimated living cost  is ₴12637 per week

₴8778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴899
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.
₴2712
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
-₴13413
-₴4517
-₴5955
-₴4175
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
regional
-
-
-
319
social contributions
-
-
-
8 102
municipal
-
-
-
187
national
-
-
-
5 743
total
-
-
-
14 351
Employee
44 913
-
31 500
-
national
7 782
-
5 062
-
regional
424
-
280
-
municipal
238
-
167
-
social contributions
15 145
-
10 622
-
total
23 589
-
16 131
-
Employer
44 913
-
31 500
-
total
-
-
-
-
Corporate
-
31 500
-
-
nationa
-
7 560
-
-
municipal
-
1 228
-
-
total
-
8 788
-
-
Dividends
-
22 712
-
-
withholding
-
5 905
-
-
total
-
5 905
-
-
Income
31 500
31 500
31 500
31 500
Total tax
23 589
14 693
16 131
14 351
After tax
7 911
16 807
15 369
17 149
Living cost
21 324
21 324
21 324
21 324
Free-cash
-13 413
-4 517
-5 955
-4 175

Estimated living cost  is ₴21324 per week

₴14865
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.
₴327
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.
₴4734
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
₴7090
₴8662
₴5760
₴6445
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
other
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
4 900
pensions
-
-
-
6 300
health
-
-
-
2 237
surtax
-
-
-
352
total
-
-
-
13 904
Employee
16 712
-
26 022
-
surtax
55
-
300
-
unemployment
1 163
-
1 812
-
other
-
-
-
-
health
427
-
664
-
pensions
1 114
-
1 736
-
income
2 801
-
4 599
-
total
5 560
-
9 111
-
Employer
16 712
-
26 022
-
other
-
-
-
-
pensions
2 228
-
3 469
-
unemployment
529
-
825
-
health
760
-
1 184
-
total
3 517
-
5 478
-
Corporate
11 271
31 500
-
-
income
2 931
8 190
-
-
total
2 931
8 190
-
-
Dividends
8 340
23 310
-
-
withholding
1 251
3 497
-
-
total
1 251
3 497
-
-
Income
31 500
31 500
31 500
31 500
Total tax
13 259
11 687
14 589
13 904
After tax
18 241
19 813
16 911
17 596
Living cost
11 151
11 151
11 151
11 151
Free-cash
7 090
8 662
5 760
6 445

Estimated living cost  is ₴11151 per week

₴6819
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1029
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
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.
₴3047
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
-₴4451
₴621
-₴2646
₴625
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
-
-
-
5 901
pensions
-
-
-
1 995
total
-
-
-
7 896
Employee
31 893
-
28 045
-
health
463
-
383
-
pensions
2 707
-
2 246
-
income
5 744
-
5 083
-
total
8 914
-
7 712
-
Employer
31 893
-
28 045
-
pensions
3 452
-
2 922
-
health
606
-
533
-
total
4 058
-
3 455
-
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.

-
5 986
-
-
total
-
5 986
-
-
Dividends
-
25 514
-
-
withholding
-
1 914
-
-
total
-
1 914
-
-
Income
31 500
31 500
31 500
31 500
Total tax
12 972
7 900
11 167
7 896
After tax
18 528
23 600
20 333
23 604
Living cost
22 979
22 979
22 979
22 979
Free-cash
-4 451
621
-2 646
625

Estimated living cost  is ₴22979 per week

₴17216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1722
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3800
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
-₴19947
-₴25735
-₴15057
-₴13455
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
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
city
-
-
-
331
regional
-
-
-
726
pensions
-
-
-
2 898
national
-
-
-
99
health
-
-
-
131
total
-
-
-
4 815
Employee
46 975
-
28 194
-
national
222
-
80
-
unemployment
-
-
-
-
city
504
-
303
-
regional
1 538
-
606
-
health
106
-
64
-
pensions
3 946
-
2 368
-
total
6 316
-
3 421
-
Employer
46 975
-
28 194
-
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.

939
-
564
-
pensions
3 946
-
2 368
-
unemployment
-
-
-
-
health
106
-
64
-
total
4 991
-
2 996
-
Corporate
-
31 500
-
-
regional
-
6 662
-
-
national
-
2 677
-
-
total
-
9 339
-
-
Dividends
-
22 161
-
-
withholding
-
7 756
-
-
total
-
7 756
-
-
Income
31 500
31 500
31 500
31 500
Total tax
11 307
17 095
6 417
4 815
After tax
20 193
14 405
25 083
26 685
Living cost
40 140
40 140
40 140
40 140
Free-cash
-19 947
-25 735
-15 057
-13 455

Estimated living cost  is ₴40140 per week

₴26103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3602
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴493
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.
₴9943
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
₴676
-₴7493
₴769
-₴603
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
trade
-
-
-
1 372
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.

-
-
-
3 913
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.

-
-
-
3 452
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.

-
-
-
215
total
-
-
-
8 952
Employee

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

30 371
-
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.

197
-
215
-
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.

3 452
-
3 452
-
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.

3 571
-
3 913
-
total
7 220
-
7 580
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
1 129
31 500
-
-
trade
194
5 402
-
-
income
170
4 725
-
-
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.

10
260
-
-
chamber of commerce
79
121
-
-
total
453
10 508
-
-
Dividends
677
20 992
-
-
withholding
-
5 056
-
-
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
-
-
total
-
5 334
-
-
Income
31 500
31 500
31 500
31 500
Total tax
7 673
15 842
7 580
8 952
After tax
23 827
15 658
23 920
22 548
Living cost
23 151
23 151
23 151
23 151
Free-cash
676
-7 493
769
-603

Estimated living cost  is ₴23151 per week

₴16908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1852
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
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.
₴4090
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
₴1571
-₴1414
₴1753
₴1533
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
other
-
-
-
976
social contributions
-
-
-
898
income
-
-
-
1 533
pensions
-
-
-
8 998
health
-
-
-
272
surtax
-
-
-
-
total
-
-
-
12 677
Employee
21 628
-
24 003
-
surtax
-
-
-
-
pensions
2 445
-
2 714
-
social contributions
617
-
684
-
income
1 276
-
1 563
-
total
4 338
-
4 961
-
Employer
21 628
-
24 003
-
other
746
-
829
-
pensions
3 553
-
3 943
-
unemployment
876
-
972
-
social contributions
65
-
72
-
health
1 514
-
1 680
-
total
6 754
-
7 496
-
Corporate
3 117
31 500
-
-
income
873
8 820
-
-
surtax
-
-
-
-
total
873
8 820
-
-
Dividends
2 245
22 680
-
-
withholding
288
2 903
-
-
social contributions
386
3 901
-
-
surtax
-
-
-
-
total
674
6 804
-
-
Income
31 500
31 500
31 500
31 500
Total tax
12 639
15 624
12 457
12 677
After tax
18 861
15 876
19 043
18 823
Living cost
17 290
17 290
17 290
17 290
Free-cash
1 571
-1 414
1 753
1 533

Estimated living cost  is ₴17290 per week

₴10902
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1406
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
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.
₴4689
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
₴3107
₴299
₴3466
₴3246
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
other
-
-
-
976
social contributions
-
-
-
898
income
-
-
-
1 533
pensions
-
-
-
8 998
health
-
-
-
272
surtax
-
-
-
-
total
-
-
-
12 677
Employee
19 306
-
24 003
-
surtax
-
-
-
-
pensions
2 184
-
2 714
-
social contributions
550
-
684
-
income
995
-
1 563
-
total
3 729
-
4 961
-
Employer
19 306
-
24 003
-
other
667
-
829
-
pensions
3 172
-
3 943
-
unemployment
782
-
972
-
social contributions
58
-
72
-
health
1 351
-
1 680
-
total
6 030
-
7 496
-
Corporate
6 164
31 500
-
-
income
1 726
8 820
-
-
surtax
-
-
-
-
total
1 726
8 820
-
-
Dividends
4 438
22 680
-
-
withholding
568
2 903
-
-
social contributions
763
3 901
-
-
surtax
-
-
-
-
total
1 331
6 804
-
-
Income
31 500
31 500
31 500
31 500
Total tax
12 816
15 624
12 457
12 677
After tax
18 684
15 876
19 043
18 823
Living cost
15 577
15 577
15 577
15 577
Free-cash
3 107
299
3 466
3 246

Estimated living cost  is ₴15577 per week

₴9034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
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.
₴4666
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
₴8765
₴8502
₴8075
₴9513
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
social contributions
-
-
-
4 347
income
-
-
-
4 725
health
-
-
-
2 199
total
-
-
-
11 271
Employee
17 135
-
31 500
-
health
1 196
-
2 199
-
social contributions
2 365
-
4 347
-
income
2 858
-
6 163
-
total
6 419
-
12 709
-
Employer
17 135
-
31 500
-
total
-
-
-
-
Corporate
14 365
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%.

718
1 575
-
-
total
718
1 575
-
-
Dividends
13 647
29 925
-
-
health
952
2 089
-
-
withholding
2 047
4 489
-
-
social contributions
1 883
4 129
-
-
total
4 882
10 707
-
-
Income
31 500
31 500
31 500
31 500
Total tax
12 019
12 282
12 709
11 271
After tax
19 481
19 218
18 791
20 229
Living cost
10 716
10 716
10 716
10 716
Free-cash
8 765
8 502
8 075
9 513

Estimated living cost  is ₴10716 per week

₴7171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2636
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
-₴1604
₴171
-₴6083
-₴565
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
chamber of commerce
-
-
-
126
unemployment
-
-
-
3 100
income
-
-
-
2 694
pensions
-
-
-
5 828
health
-
-
-
2 410
surtax
-
-
-
100
total
-
-
-
14 258
Employee
25 255
20 139
24 381
-
unemployment
758
604
732
-
other
252
201
244
-
health
977
780
944
-
pensions
2 586
2 062
2 496
-
income
2 875
1 485
2 625
-
total
7 448
5 132
7 041
-
Employer
25 255
20 139
24 381
-
payroll
758
604
732
-
other
1 200
956
1 158
-
accident
328
262
317
-
pensions
3 170
2 528
3 060
-
unemployment
758
604
732
-
chamber of commerce
101
81
98
-
surtax
100
100
100
-
health
954
761
922
-
total
7 369
5 896
7 119
-
Corporate
1 918
5 465
22 463
-
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.

480
1 367
5 616
-
total
480
1 367
5 616
-
Dividends
-
4 098
-
-
withholding
-
1 127
-
-
total
-
1 127
-
-
Income
31 500
31 500
31 500
31 500
Total tax
15 297
13 522
19 776
14 258
After tax
16 203
17 978
11 724
17 242
Living cost
17 807
17 807
17 807
17 807
Free-cash
-1 604
171
-6 083
-565

Estimated living cost  is ₴17807 per week

₴11876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1519
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.
₴4119
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
-₴15170
-₴690
-₴5066
-₴1868
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
social contributions
-
-
-
3 886
national
-
-
-
9 399
communal

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

-
-
-
1 657
total
-
-
-
14 942
Employee

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

36 148
-
24 398
-
national
11 113
-
6 577
-
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.

315
-
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.

1 698
-
1 147
-
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.

2 711
-
1 830
-
communal

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

1 885
-
1 273
-
total
17 722
-
11 039
-
Employer

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

36 148
-
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.

470
-
316
-
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.

3 203
-
2 162
-
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.

527
-
356
-
surtax
4 099
-
2 766
-
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.

2 223
-
1 501
-
total
10 522
-
7 101
-
Corporate
-
31 500
-
-
income
-
6 300
-
-
surtax
-
126
-
-
total
-
6 426
-
-
Dividends
-
25 075
-
-
withholding

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

-
7 338
-
-
total
-
7 338
-
-
Income
31 500
31 500
31 500
31 500
Total tax
28 244
13 764
18 140
14 942
After tax
3 256
17 736
13 360
16 558
Living cost
18 426
18 426
18 426
18 426
Free-cash
-15 170
-690
-5 066
-1 868

Estimated living cost  is ₴18426 per week

₴11869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
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.
₴4658
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
-₴1673
₴3017
-₴833
-₴1057
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
other
-
-
-
32
unemployment
-
-
-
221
income
-
-
-
4 855
pensions
-
-
-
8 915
accident
-
-
-
284
total
-
-
-
14 307
Employee
25 155
-
23 886
-
unemployment
390
-
370
-
other
25
-
24
-
pensions
1 182
-
1 123
-
income
5 308
-
4 951
-
total
6 905
-
6 468
-
Employer
25 155
-
23 886
-
other
200
-
191
-
accident
498
-
473
-
pensions
5 936
-
5 637
-
unemployment
1 384
-
1 314
-
total
8 018
-
7 615
-
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
-
5 508
-
-
total
-
5 508
-
-
Income
31 500
31 500
31 500
31 500
Total tax
14 923
10 233
14 083
14 307
After tax
16 577
21 267
17 417
17 193
Living cost
18 250
18 250
18 250
18 250
Free-cash
-1 673
3 017
-833
-1 057

Estimated living cost  is ₴18250 per week

₴13439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1295
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3253
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
-₴11342
-₴7753
-₴6211
-₴6828
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
31 500
income
-
-
-
1 512
pensions
-
-
-
5 040
accident
-
-
-
284
communal
-
-
-
-
health
-
-
-
2 362
surtax
-
-
-
1 667
total
-
-
-
10 865
Employee
38 270
-
28 138
-
surtax
2 346
-
1 724
-
health
1 703
-
1 252
-
pensions
3 061
-
2 251
-
income
3 697
-
1 659
-
total
10 807
-
6 886
-
Employer
38 270
-
28 138
-
accident
344
-
253
-
pensions
3 061
-
2 251
-
health
1 167
-
858
-
total
4 572
-
3 362
-
Corporate
-
31 500
-
-
income
-
4 725
-
-
communal
-
2 126
-
-
surtax
-
331
-
-
total
-
7 182
-
-
Dividends
-
24 318
-
-
withholding
-
3 648
-
-
income
-
960
-
-
total
-
4 608
-
-
Income
31 500
31 500
31 500
31 500
Total tax
15 379
11 790
10 248
10 865
After tax
16 121
19 710
21 252
20 635
Living cost
27 463
27 463
27 463
27 463
Free-cash
-11 342
-7 753
-6 211
-6 828

Estimated living cost  is ₴27463 per week

₴20601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1664
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4906
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
₴6857
₴8462
₴5560
₴6245
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
other
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
4 900
pensions
-
-
-
6 300
health
-
-
-
2 237
surtax
-
-
-
352
total
-
-
-
13 904
Employee
17 019
-
26 022
-
surtax
60
-
300
-
unemployment
1 184
-
1 812
-
other
-
-
-
-
health
434
-
664
-
pensions
1 135
-
1 736
-
income
2 853
-
4 599
-
total
5 666
-
9 111
-
Employer
17 019
-
26 022
-
other
-
-
-
-
pensions
2 269
-
3 469
-
unemployment
540
-
825
-
health
774
-
1 184
-
total
3 583
-
5 478
-
Corporate
10 899
31 500
-
-
income
2 834
8 190
-
-
total
2 834
8 190
-
-
Dividends
8 065
23 310
-
-
withholding
1 209
3 497
-
-
total
1 209
3 497
-
-
Income
31 500
31 500
31 500
31 500
Total tax
13 292
11 687
14 589
13 904
After tax
18 208
19 813
16 911
17 596
Living cost
11 351
11 351
11 351
11 351
Free-cash
6 857
8 462
5 560
6 245

Estimated living cost  is ₴11351 per week

₴6853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
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.
₴3248
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
₴1821
₴2945
₴1613
₴3380
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
regional
-
-
-
475
social contributions
-
-
-
8 102
municipal
-
-
-
187
national
-
-
-
5 743
total
-
-
-
14 507
Employee
28 033
-
31 500
-
national
4 441
-
5 062
-
regional
377
-
423
-
municipal
149
-
167
-
social contributions
9 453
-
10 622
-
total
14 420
-
16 274
-
Employer
28 033
-
31 500
-
total
-
-
-
-
Corporate
3 467
31 500
-
-
nationa
832
7 560
-
-
municipal
173
1 565
-
-
total
1 005
9 125
-
-
Dividends
2 462
22 375
-
-
withholding
641
5 817
-
-
total
641
5 817
-
-
Income
31 500
31 500
31 500
31 500
Total tax
16 066
14 942
16 274
14 507
After tax
15 434
16 558
15 226
16 993
Living cost
13 613
13 613
13 613
13 613
Free-cash
1 821
2 945
1 613
3 380

Estimated living cost  is ₴13613 per week

₴8466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1379
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3535
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
₴559
₴6116
₴412
-₴229
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
social contributions
-
-
-
9 198
income
-
-
-
2 707
health
-
-
-
4 252
solidarity contribution
-
-
-
-
total
-
-
-
16 157
Employee
22 900
-
23 507
-
solidarity contribution
-
-
-
-
health
3 092
-
3 174
-
social contributions
1 489
-
1 528
-
income
2 748
-
2 821
-
total
7 329
-
7 523
-
Employer
22 900
-
23 507
-
social contributions
5 725
-
5 877
-
health
2 061
-
2 116
-
total
7 786
-
7 993
-
Corporate
814
31 500
-
-
income
155
5 985
-
-
total
155
5 985
-
-
Dividends
659
25 515
-
-
withholding
99
3 827
-
-
total
99
3 827
-
-
Income
31 500
31 500
31 500
31 500
Total tax
15 369
9 812
15 516
16 157
After tax
16 131
21 688
15 984
15 343
Living cost
15 572
15 572
15 572
15 572
Free-cash
559
6 116
412
-229

Estimated living cost  is ₴15572 per week

₴11581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
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.
₴2860
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
₴1660
₴1909
-₴4376
₴1219
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
chamber of commerce
-
-
-
126
unemployment
-
-
-
3 100
income
-
-
-
2 694
pensions
-
-
-
5 828
health
-
-
-
2 410
surtax
-
-
-
-
total
-
-
-
14 158
Employee
22 091
20 139
24 460
-
unemployment
663
604
734
-
other
221
201
245
-
health
854
780
947
-
pensions
2 262
2 062
2 505
-
income
1 968
1 485
2 647
-
total
5 968
5 132
7 078
-
Employer
22 091
20 139
24 460
-
payroll
663
604
734
-
other
1 049
956
1 162
-
accident
287
262
318
-
pensions
2 772
2 528
3 070
-
unemployment
663
604
734
-
chamber of commerce
88
81
98
-
surtax
-
-
-
-
health
835
761
924
-
total
6 357
5 796
7 040
-
Corporate
3 052
5 565
22 542
-
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.

763
1 392
5 635
-
total
763
1 392
5 635
-
Dividends
2 289
4 173
-
-
withholding
629
1 148
-
-
total
629
1 148
-
-
Income
31 500
31 500
31 500
31 500
Total tax
13 717
13 468
19 753
14 158
After tax
17 783
18 032
11 747
17 342
Living cost
16 123
16 123
16 123
16 123
Free-cash
1 660
1 909
-4 376
1 219

Estimated living cost  is ₴16123 per week

₴9672
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4517
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
₴22253
₴23464
₴18739
₴24724
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
8 077
-
31 500
-
income
1 615
-
6 300
-
total
1 615
-
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%.

23 423
31 500
-
-
total
-
-
-
-
Dividends
23 423
31 500
-
-
withholding
1 171
1 575
-
-
total
1 171
1 575
-
-
Income
31 500
31 500
31 500
31 500
Total tax
2 786
1 575
6 300
315
After tax
28 714
29 925
25 200
31 185
Living cost
6 461
6 461
6 461
6 461
Free-cash
22 253
23 464
18 739
24 724

Estimated living cost  is ₴6461 per week

₴4372
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴271
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.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴3906
₴8133
₴2676
₴3576
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
-
-
-
47
income
-
-
-
5 469
pensions
-
-
-
5 753
health
-
-
-
3 100
total
-
-
-
14 369
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.

22 347
-
27 256
-
unemployment
32
-
38
-
health
1 443
-
1 761
-
pensions
3 464
-
4 224
-
income
3 854
-
5 004
-
total
8 793
-
11 027
-
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.

22 347
-
27 256
-
pensions
1 977
-
2 412
-
unemployment
13
-
16
-
health
1 488
-
1 814
-
total
3 478
-
4 242
-
Corporate
5 674
31 500
-
-
income
1 078
5 985
-
-
total
1 078
5 985
-
-
Dividends
4 596
25 515
-
-
withholding
690
3 827
-
-
total
690
3 827
-
-
Income
31 500
31 500
31 500
31 500
Total tax
14 039
9 812
15 269
14 369
After tax
17 461
21 688
16 231
17 131
Living cost
13 555
13 555
13 555
13 555
Free-cash
3 906
8 133
2 676
3 576

Estimated living cost  is ₴13555 per week

₴9302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴869
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3122
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
-₴43956
-₴2671
₴3006
-₴67
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
social contributions
-
-
-
3 591
income
-
-
-
6 140
total
-
-
-
9 731
Employee
31 310
-
-
-
social contributions
2 567
-
366
-
income
6 906
-
-
-
total
9 473
-
366
-
Employer
31 310
-
-
-
social contributions
44 147
-
6 292
-
total
44 147
-
6 292
-
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
53 620
12 335
6 658
9 731
After tax
-22 120
19 165
24 842
21 769
Living cost
21 836
21 836
21 836
21 836
Free-cash
-43 956
-2 671
3 006
-67

Estimated living cost  is ₴21836 per week

₴14168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2054
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5336
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
₴1558
₴2066
₴1279
₴2232
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
social contributions

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

-
-
-
10 946
income
-
-
-
2 471
surtax
-
-
-
-
total
-
-
-
13 417
Employee
23 242
-
25 454
-
surtax
-
-
-
-
social contributions
2 557
-
2 800
-
income
4 834
-
5 524
-
total
7 391
-
8 324
-
Employer
23 242
-
25 454
-
social contributions
5 520
-
6 046
-
total
5 520
-
6 046
-
Corporate
2 738
31 500
-
-
income
574
6 615
-
-
surtax
-
-
-
-
total
574
6 615
-
-
Dividends
2 163
24 885
-
-
withholding
606
6 968
-
-
total
606
6 968
-
-
Income
31 500
31 500
31 500
31 500
Total tax
14 091
13 583
14 370
13 417
After tax
17 409
17 917
17 130
18 083
Living cost
15 851
15 851
15 851
15 851
Free-cash
1 558
2 066
1 279
2 232

Estimated living cost  is ₴15851 per week

₴11860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴935
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
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.
₴2792
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
-₴10036
-₴8532
-₴5365
-₴5585
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
other
-
-
-
976
social contributions
-
-
-
898
income
-
-
-
1 533
pensions
-
-
-
8 998
health
-
-
-
272
surtax
-
-
-
-
total
-
-
-
12 677
Employee
31 651
-
24 003
-
surtax
-
-
-
-
pensions
3 580
-
2 714
-
social contributions
901
-
684
-
income
2 762
-
1 563
-
total
7 243
-
4 961
-
Employer
31 651
-
24 003
-
other
1 092
-
829
-
pensions
5 201
-
3 943
-
unemployment
1 282
-
972
-
social contributions
95
-
72
-
health
2 215
-
1 680
-
total
9 885
-
7 496
-
Corporate
-
31 500
-
-
income
-
8 820
-
-
surtax
-
-
-
-
total
-
8 820
-
-
Dividends
-
22 680
-
-
withholding
-
2 903
-
-
social contributions
-
3 901
-
-
surtax
-
-
-
-
total
-
6 804
-
-
Income
31 500
31 500
31 500
31 500
Total tax
17 128
15 624
12 457
12 677
After tax
14 372
15 876
19 043
18 823
Living cost
24 408
24 408
24 408
24 408
Free-cash
-10 036
-8 532
-5 365
-5 585

Estimated living cost  is ₴24408 per week

₴16519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴335
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.
₴5557
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
₴11461
₴13159
₴10185
₴9300
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
-
-
-
78
social contributions
-
-
-
6 931
total
-
-
-
7 009
Employee
16 247
-
27 273
-
social contributions
1 056
-
1 772
-
income
-
-
125
-
total
1 056
-
1 897
-
Employer
16 247
-
27 273
-
social contributions
2 518
-
4 227
-
total
2 518
-
4 227
-
Corporate
12 735
31 500
-
-
income
1 274
3 150
-
-
total
1 274
3 150
-
-
Dividends
11 461
28 350
-
-
total
-
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
4 848
3 150
6 124
7 009
After tax
26 652
28 350
25 376
24 491
Living cost
15 191
15 191
15 191
15 191
Free-cash
11 461
13 159
10 185
9 300

Estimated living cost  is ₴15191 per week

₴9822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1145
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3938
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
-₴78449
-₴78449
-₴78449
-₴4018
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
-
-
-
437
municipal
-
-
-
5 241
labour market
-
-
-
2 485
national
-
-
-
3 052
total
-
-
-
11 215
Employee
102 578
102 578
102 578
-
national
12 532
12 532
12 532
-
municipal
21 843
21 843
21 843
-
labour market
8 195
8 195
8 195
-
pensions
146
146
146
-
total
42 716
42 716
42 716
-
Employer
102 578
102 578
102 578
-
municipal
21 878
21 878
21 878
-
pensions
292
292
292
-
national
12 554
12 554
12 554
-
labour market
8 206
8 206
8 206
-
total
42 930
42 930
42 930
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
85 646
85 646
85 646
11 215
After tax
-54 146
-54 146
-54 146
20 285
Living cost
24 303
24 303
24 303
24 303
Free-cash
-78 449
-78 449
-78 449
-4 018

Estimated living cost  is ₴24303 per week

₴16633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2150
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴374
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.
₴5146
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
₴834
-₴8652
₴5326
₴10545
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
other
-
-
-
192
income
-
-
-
6 152
pensions
-
-
-
2 150
accident
-
-
-
131
health
-
-
-
1 127
total
-
-
-
9 752
Employee
17 622
-
26 167
-
health
2 018
-
2 996
-
pensions
1 984
-
2 946
-
income
2 418
-
3 696
-
total
6 420
-
9 638
-
Employer
17 622
-
26 167
-
accident
294
-
437
-
pensions
2 865
-
4 255
-
unemployment
432
-
641
-
total
3 591
-
5 333
-
Corporate
10 286
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.

9 257
28 350
-
-
total
9 257
28 350
-
-
Dividends
1 029
3 150
-
-
withholding
195
599
-
-
total
195
599
-
-
Income
31 500
31 500
31 500
31 500
Total tax
19 463
28 949
14 971
9 752
After tax
12 037
2 551
16 529
21 748
Living cost
11 203
11 203
11 203
11 203
Free-cash
834
-8 652
5 326
10 545

Estimated living cost  is ₴11203 per week

₴8154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2199
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
-₴105
₴2275
-₴61
₴4677
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
municipal
-
-
-
5 621
national
-
-
-
1 526
health
-
-
-
274
total
-
-
-
7 421
Employee
26 588
-
26 499
-
national
439
-
434
-
unemployment
399
-
397
-
health
199
-
198
-
municipal
4 355
-
4 340
-
pensions
1 794
-
1 789
-
total
7 186
-
7 158
-
Employer
26 588
-
26 499
-
accident
27
-
27
-
pensions
4 613
-
4 597
-
unemployment
173
-
173
-
health
204
-
204
-
total
5 017
-
5 001
-
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
-
-
municipal
-
3 402
-
-
national
-
121
-
-
total
-
3 523
-
-
Income
31 500
31 500
31 500
31 500
Total tax
12 203
9 823
12 159
7 421
After tax
19 297
21 677
19 341
24 079
Living cost
19 402
19 402
19 402
19 402
Free-cash
-105
2 275
-61
4 677

Estimated living cost  is ₴19402 per week

₴12673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴8717
₴8373
₴10132
₴12666
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
social contributions
-
-
-
4 914
income
-
-
-
1 416
health
-
-
-
804
total
-
-
-
7 134
Employee
38 859
38 859
38 859
-
health
301
661
486
-
social contributions
1 469
3 225
2 374
-
income
4 231
3 597
3 905
-
total
6 001
7 483
6 765
-
Employer
38 859
38 859
38 859
-
social contributions
1 469
3 225
2 374
-
health
327
719
529
-
total
1 796
3 944
2 903
-
Corporate
12 002
-
-
-
income
1 500
-
-
-
total
1 500
-
-
-
Dividends
10 502
-
-
-
withholding
1 786
-
-
-
total
1 786
-
-
-
Income
31 500
31 500
31 500
31 500
Total tax
11 083
11 427
9 668
7 134
After tax
20 417
20 073
21 832
24 366
Living cost
11 700
11 700
11 700
11 700
Free-cash
8 717
8 373
10 132
12 666

Estimated living cost  is ₴11700 per week

₴7012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1148
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3282
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
₴15489
₴18062
₴11472
₴15689
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
-
-
-
14
income
-
-
-
2 730
pensions
-
-
-
3 215
health
-
-
-
1 829
total
-
-
-
7 788
Employee

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

11 600
-
28 558
-
unemployment
58
-
143
-
health
986
-
2 427
-
pensions
1 740
-
4 284
-
income
793
-
2 209
-
total
3 577
-
9 063
-
Employer

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

11 600
-
28 558
-
pensions
638
-
1 571
-
unemployment
58
-
143
-
health
499
-
1 228
-
total
1 195
-
2 942
-
Corporate
18 706
31 500
-
-
income
1 684
2 835
-
-
total
1 684
2 835
-
-
Dividends
17 022
28 665
-
-
withholding
1 532
2 580
-
-
total
1 532
2 580
-
-
Income
31 500
31 500
31 500
31 500
Total tax
7 988
5 415
12 005
7 788
After tax
23 512
26 085
19 495
23 712
Living cost
8 023
8 023
8 023
8 023
Free-cash
15 489
18 062
11 472
15 689

Estimated living cost  is ₴8023 per week

₴5119
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴578
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2087
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
₴4719
₴7370
₴3520
₴3296
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
other
-
-
-
32
unemployment
-
-
-
221
income
-
-
-
4 855
pensions
-
-
-
8 915
accident
-
-
-
284
total
-
-
-
14 307
Employee
18 686
-
23 886
-
unemployment
290
-
370
-
other
18
-
24
-
pensions
878
-
1 123
-
income
3 603
-
4 951
-
total
4 789
-
6 468
-
Employer
18 686
-
23 886
-
other
150
-
191
-
accident
370
-
473
-
pensions
4 410
-
5 637
-
unemployment
1 028
-
1 314
-
total
5 958
-
7 615
-
Corporate
6 857
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.

1 028
4 725
-
-
total
1 028
4 725
-
-
Dividends
5 829
26 775
-
-
withholding
1 109
5 508
-
-
total
1 109
5 508
-
-
Income
31 500
31 500
31 500
31 500
Total tax
12 884
10 233
14 083
14 307
After tax
18 616
21 267
17 417
17 193
Living cost
13 897
13 897
13 897
13 897
Free-cash
4 719
7 370
3 520
3 296

Estimated living cost  is ₴13897 per week

₴9380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1336
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2937
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
₴18544
₴18702
₴18892
₴18961
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
-
-
-
10 385
pensions
-
-
-
696
health
-
-
-
504
total
-
-
-
11 585
Employee
1 453
-
30 717
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
10 349
-
total
500
-
10 871
-
Employer
1 453
-
30 717
-
pensions
160
-
383
-
unemployment
29
-
70
-
health
138
-
330
-
total
327
-
783
-
Corporate
29 721
31 500
-
-
income
6 539
6 930
-
-
total
6 539
6 930
-
-
Dividends
23 182
24 570
-
-
withholding
4 636
4 914
-
-
total
4 636
4 914
-
-
Income
31 500
31 500
31 500
31 500
Total tax
12 002
11 844
11 654
11 585
After tax
19 498
19 656
19 846
19 915
Living cost
954
954
954
954
Free-cash
18 544
18 702
18 892
18 961

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
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.
₴288
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
₴11544
₴14029
₴8143
₴6785
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
-
-
-
473
income
-
-
-
4 077
pensions
-
-
-
8 190
health
-
-
-
3 245
total
-
-
-
15 985
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.

13 164
-
26 718
-
unemployment
99
-
200
-
health
678
-
1 376
-
pensions
1 843
-
3 740
-
income
1 815
-
4 529
-
total
4 435
-
9 845
-
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.

13 164
-
26 718
-
pensions
1 580
-
3 206
-
unemployment
99
-
200
-
health
678
-
1 376
-
total
2 357
-
4 782
-
Corporate
15 979
31 500
-
-
income
2 397
4 725
-
-
total
2 397
4 725
-
-
Dividends
13 583
26 775
-
-
withholding
2 037
4 016
-
-
total
2 037
4 016
-
-
Income
31 500
31 500
31 500
31 500
Total tax
11 226
8 741
14 627
15 985
After tax
20 274
22 759
16 873
15 515
Living cost
8 730
8 730
8 730
8 730
Free-cash
11 544
14 029
8 143
6 785

Estimated living cost  is ₴8730 per week

₴5878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴675
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1924
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
₴4111
₴4293
₴3506
₴4459
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
social contributions

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

-
-
-
10 946
income
-
-
-
2 471
surtax
-
-
-
-
total
-
-
-
13 417
Employee
19 614
-
25 454
-
surtax
-
-
-
-
social contributions
2 158
-
2 800
-
income
3 832
-
5 524
-
total
5 990
-
8 324
-
Employer
19 614
-
25 454
-
social contributions
4 658
-
6 046
-
total
4 658
-
6 046
-
Corporate
7 228
31 500
-
-
income
1 518
6 615
-
-
surtax
-
-
-
-
total
1 518
6 615
-
-
Dividends
5 710
24 885
-
-
withholding
1 599
6 968
-
-
total
1 599
6 968
-
-
Income
31 500
31 500
31 500
31 500
Total tax
13 765
13 583
14 370
13 417
After tax
17 735
17 917
17 130
18 083
Living cost
13 624
13 624
13 624
13 624
Free-cash
4 111
4 293
3 506
4 459

Estimated living cost  is ₴13624 per week

₴9650
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴947
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.
₴2787
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
-₴689
₴3507
-₴343
-₴567
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
other
-
-
-
32
unemployment
-
-
-
221
income
-
-
-
4 855
pensions
-
-
-
8 915
accident
-
-
-
284
total
-
-
-
14 307
Employee
24 406
-
23 886
-
unemployment
378
-
370
-
other
24
-
24
-
pensions
1 147
-
1 123
-
income
5 098
-
4 951
-
total
6 647
-
6 468
-
Employer
24 406
-
23 886
-
other
196
-
191
-
accident
483
-
473
-
pensions
5 760
-
5 637
-
unemployment
1 343
-
1 314
-
total
7 782
-
7 615
-
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
-
5 508
-
-
total
-
5 508
-
-
Income
31 500
31 500
31 500
31 500
Total tax
14 429
10 233
14 083
14 307
After tax
17 071
21 267
17 417
17 193
Living cost
17 760
17 760
17 760
17 760
Free-cash
-689
3 507
-343
-567

Estimated living cost  is ₴17760 per week

₴12755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1381
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.
₴3375
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
₴15123
₴18213
₴13939
₴13328
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
-
-
-
71
income
-
-
-
4 725
pensions

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

-
-
-
2 620
health
-
-
-
2 036
total
-
-
-
9 452
Employee
11 546
-
28 026
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
health
531
-
814
-
pensions

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

1 014
-
1 555
-
income
1 155
-
2 803
-
total
2 827
-
5 367
-
Employer
11 546
-
28 026
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 272
-
1 951
-
unemployment
69
-
106
-
health
797
-
1 222
-
total
2 265
-
3 474
-
Corporate
17 689
31 500
-
-
income
1 769
3 150
-
-
total
1 769
3 150
-
-
Dividends
15 920
28 350
-
-
withholding
796
1 417
-
-
total
796
1 417
-
-
Income
31 500
31 500
31 500
31 500
Total tax
7 657
4 567
8 841
9 452
After tax
23 843
26 933
22 659
22 048
Living cost
8 720
8 720
8 720
8 720
Free-cash
15 123
18 213
13 939
13 328

Estimated living cost  is ₴8720 per week

₴5767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
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.
₴2246
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
₴3407
-₴3205
₴4410
₴3261
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
trade
-
-
-
1 149
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.

-
-
-
3 913
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.

-
-
-
3 452
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.

-
-
-
215
total
-
-
-
8 729
Employee

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

25 145
-
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.

114
-
215
-
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.

3 452
-
3 452
-
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.

2 068
-
3 913
-
total
5 634
-
7 580
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
6 355
31 500
-
-
trade
912
4 520
-
-
income
953
4 725
-
-
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.

53
260
-
-
chamber of commerce
86
123
-
-
total
2 004
9 628
-
-
Dividends
4 351
21 873
-
-
withholding
896
5 276
-
-
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.

49
291
-
-
total
945
5 567
-
-
Income
31 500
31 500
31 500
31 500
Total tax
8 583
15 195
7 580
8 729
After tax
22 917
16 305
23 920
22 771
Living cost
19 510
19 510
19 510
19 510
Free-cash
3 407
-3 205
4 410
3 261

Estimated living cost  is ₴19510 per week

₴13459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2099
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3669
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
-₴8030
-₴6737
-₴4405
-₴4405
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
social contributions
-
-
-
2 401
income
-
-
-
4 717
total
-
-
-
7 118
Employee
39 530
-
31 500
-
social contributions
3 284
-
2 401
-
income
7 459
-
4 717
-
total
10 743
-
7 118
-
Employer
39 530
-
31 500
-
total
-
-
-
-
Corporate
-
31 500
-
-
income
-
3 938
-
-
total
-
3 938
-
-
Dividends
-
27 562
-
-
withholding
-
5 512
-
-
total
-
5 512
-
-
Income
31 500
31 500
31 500
31 500
Total tax
10 743
9 450
7 118
7 118
After tax
20 757
22 050
24 382
24 382
Living cost
28 787
28 787
28 787
28 787
Free-cash
-8 030
-6 737
-4 405
-4 405

Estimated living cost  is ₴28787 per week

₴21901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2346
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
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.
₴4266
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
₴2388
-₴539
₴4493
-₴4313
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.

-
-
-
3 084
income
-
-
-
14 385
total
-
-
-
17 469
Employee
23 183
-
29 175
-
social contributions
2 323
-
2 325
-
income
2 515
-
4 013
-
total
4 838
-
6 338
-
Employer
23 183
-
29 175
-
social contributions
2 323
-
2 325
-
total
2 323
-
2 325
-
Corporate
5 995
31 500
-
-
income
2 098
11 025
-
-
total
2 098
11 025
-
-
Dividends
3 896
20 475
-
-
social contributions
1 509
2 670
-
-
total
1 509
2 670
-
-
Income
31 500
31 500
31 500
31 500
Total tax
10 768
13 695
8 663
17 469
After tax
20 732
17 805
22 837
14 031
Living cost
18 344
18 344
18 344
18 344
Free-cash
2 388
-539
4 493
-4 313

Estimated living cost  is ₴18344 per week

₴12083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1446
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴2084
₴4919
₴1652
₴4923
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
-
-
-
5 901
pensions
-
-
-
1 995
total
-
-
-
7 896
Employee
25 642
-
28 045
-
health
334
-
383
-
pensions
1 957
-
2 246
-
income
4 670
-
5 083
-
total
6 961
-
7 712
-
Employer
25 642
-
28 045
-
pensions
2 591
-
2 922
-
health
487
-
533
-
total
3 078
-
3 455
-
Corporate
2 780
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.

528
5 986
-
-
total
528
5 986
-
-
Dividends
2 251
25 514
-
-
withholding
168
1 914
-
-
total
168
1 914
-
-
Income
31 500
31 500
31 500
31 500
Total tax
10 735
7 900
11 167
7 896
After tax
20 765
23 600
20 333
23 604
Living cost
18 681
18 681
18 681
18 681
Free-cash
2 084
4 919
1 652
4 923

Estimated living cost  is ₴18681 per week

₴12815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3913
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
₴663
-₴9761
₴4217
₴9436
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
other
-
-
-
192
income
-
-
-
6 152
pensions
-
-
-
2 150
accident
-
-
-
131
health
-
-
-
1 127
total
-
-
-
9 752
Employee
19 367
-
26 167
-
health
2 217
-
2 996
-
pensions
2 181
-
2 946
-
income
2 657
-
3 696
-
total
7 055
-
9 638
-
Employer
19 367
-
26 167
-
accident
323
-
437
-
pensions
3 149
-
4 255
-
unemployment
474
-
641
-
total
3 946
-
5 333
-
Corporate
8 186
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.

7 368
28 350
-
-
total
7 368
28 350
-
-
Dividends
819
3 150
-
-
withholding
156
599
-
-
total
156
599
-
-
Income
31 500
31 500
31 500
31 500
Total tax
18 525
28 949
14 971
9 752
After tax
12 975
2 551
16 529
21 748
Living cost
12 312
12 312
12 312
12 312
Free-cash
663
-9 761
4 217
9 436

Estimated living cost  is ₴12312 per week

₴9035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴717
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.
₴2311
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
₴17494
₴19952
₴11691
₴11691
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
income
-
-
-
4 324
pensions
-
-
-
5 796
health insurance
-
-
-
2 331
work injury
-
-
-
157
total
-
-
-
12 986
Employee

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

10 916
-
31 500
-
health insurance
808
-
2 331
-
unemployment
131
-
378
-
work injury
55
-
157
-
pensions
2 009
-
5 796
-
income
1 092
-
4 324
-
total
4 095
-
12 986
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 584
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
20 584
31 500
-
-
withholding
3 088
4 725
-
-
total
3 088
4 725
-
-
Income
31 500
31 500
31 500
31 500
Total tax
7 183
4 725
12 986
12 986
After tax
24 317
26 775
18 514
18 514
Living cost
6 823
6 823
6 823
6 823
Free-cash
17 494
19 952
11 691
11 691

Estimated living cost  is ₴6823 per week

₴4227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1887
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
-₴11084
-₴3540
-₴4930
-₴3183
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
31 500
regional
-
-
-
495
social contributions
-
-
-
8 102
municipal
-
-
-
211
national
-
-
-
5 743
total
-
-
-
14 551
Employee
42 584
-
31 500
-
national
7 196
-
5 062
-
regional
643
-
426
-
municipal
254
-
188
-
social contributions
14 359
-
10 622
-
total
22 452
-
16 298
-
Employer
42 584
-
31 500
-
total
-
-
-
-
Corporate
-
31 500
-
-
nationa
-
7 560
-
-
municipal
-
1 518
-
-
total
-
9 078
-
-
Dividends
-
22 422
-
-
withholding
-
5 830
-
-
total
-
5 830
-
-
Income
31 500
31 500
31 500
31 500
Total tax
22 452
14 908
16 298
14 551
After tax
9 048
16 592
15 202
16 949
Living cost
20 132
20 132
20 132
20 132
Free-cash
-11 084
-3 540
-4 930
-3 183

Estimated living cost  is ₴20132 per week

₴14141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4301
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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