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
₴ 37500
per

Your estimated
City
free-cash

Dresden , Germany
₴6002
₴10740
₴11536
₴14306
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
37 500
trade
-
-
-
2 770
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.

-
-
-
6 915
health

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

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

-
-
-
2 926
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.

-
-
-
380
total
-
-
-
12 991
Employee

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

16 382
-
37 500
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
380
-
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.

458
-
6 915
-
total
3 409
-
10 221
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 118
37 500
-
-
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.

174
310
-
-
income
3 168
5 625
-
-
trade
3 326
5 906
-
-
chamber of commerce
95
119
-
-
total
6 763
11 960
-
-
Dividends
14 355
25 541
-
-
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.

189
342
-
-
withholding
3 426
6 223
-
-
total
3 615
6 565
-
-
Income
37 500
37 500
37 500
37 500
Total tax
13 787
18 525
10 221
12 991
After tax
23 713
18 975
27 279
24 509
Living cost
12 973
12 973
12 973
12 973
Free-cash
10 740
6 002
14 306
11 536

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
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.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1757
₴904
₴1161
₴1456
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
municipal
-
-
-
3 841
pensions
-
-
-
4 500
national
-
-
-
5 952
social contributions
-
-
-
403
total
-
-
-
14 696
Employee
33 550
-
32 418
-
municipal
4 144
-
3 986
-
pensions
1 342
-
1 297
-
national
6 422
-
6 177
-
total
11 908
-
11 460
-
Employer
33 550
-
32 418
-
social contributions
361
-
348
-
pensions
2 684
-
2 593
-
total
3 045
-
2 941
-
Corporate
-
37 500
-
-
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%.

-
7 500
-
-
total
-
7 500
-
-
Dividends
-
30 000
-
-
withholding
-
6 600
-
-
total
-
6 600
-
-
Income
37 500
37 500
37 500
37 500
Total tax
14 953
14 100
14 401
14 696
After tax
22 547
23 400
23 099
22 804
Living cost
21 643
21 643
21 643
21 643
Free-cash
904
1 757
1 456
1 161

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21089
₴17575
₴11169
₴12287
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
37 500
microenterprise
-
-
-
-
income
-
-
-
5 364
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.

-
-
-
12 056
total
-
-
-
17 420
Employee
12 516
-
30 220
-
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.

1 377
-
3 324
-
surtax
-
-
-
-
income
2 228
-
5 698
-
total
3 605
-
9 022
-
Employer
12 516
-
30 220
-
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.

3 015
-
7 280
-
surtax
-
-
-
-
total
3 015
-
7 280
-
Corporate
21 970
37 500
-
-
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%.

4 394
7 500
-
-
total
4 394
7 500
-
-
Dividends

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

17 576
30 000
-
-
total
-
-
-
-
Income
37 500
37 500
37 500
37 500
Total tax
11 014
7 500
16 302
17 420
After tax
26 486
30 000
21 198
20 080
Living cost
8 911
8 911
8 911
8 911
Free-cash
17 575
21 089
12 287
11 169

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2628
-₴5033
₴3372
-₴5033
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
6 339
pensions
-
-
-
5 018
health
-
-
-
4 828
total
-
-
-
16 185
Employee
36 577
36 577
36 577
-
health
5 614
4 775
5 614
-
income

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

5 987
5 987
5 987
-
pensions
6 584
5 018
6 584
-
total
18 185
15 780
18 185
-
Employer
36 577
36 577
36 577
-
unemployment
1 317
1 317
1 317
-
pensions
2 546
2 546
2 546
-
health
2 542
2 542
2 542
-
total
6 405
6 405
6 405
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
37 500
37 500
37 500
37 500
Total tax
24 590
22 185
24 590
16 185
After tax
12 910
15 315
12 910
21 315
Living cost
17 943
17 943
17 943
17 943
Free-cash
-5 033
-2 628
-5 033
3 372

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3926
₴3555
₴2394
₴3476
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
municipal
-
-
-
8 049
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 215
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
-
total
-
-
-
18 557
Employee
23 581
-
28 534
-
municipal
7 032
-
8 509
-
national
-
-
-
-
total
7 032
-
8 509
-
Employer
23 581
-
28 534
-
accident
47
-
57
-
other
2 740
-
3 316
-
unemployment
623
-
753
-
pensions
2 549
-
3 085
-
health
1 450
-
1 755
-
total
7 409
-
8 966
-
Corporate
6 510
37 500
-
-
income
1 432
8 250
-
-
total
1 432
8 250
-
-
Dividends
5 078
29 250
-
-
withholding
1 523
8 775
-
-
total
1 523
8 775
-
-
Income
37 500
37 500
37 500
37 500
Total tax
17 396
17 025
17 475
18 557
After tax
20 104
20 475
20 025
18 943
Living cost
16 549
16 549
16 549
16 549
Free-cash
3 555
3 926
3 476
2 394

Estimated living cost  is ₴16549 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1956
₴7976
₴7560
₴10453
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
37 500
trade
-
-
-
2 893
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.

-
-
-
6 915
health

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

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

-
-
-
2 926
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.

-
-
-
380
total
-
-
-
13 114
Employee

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

21 721
-
37 500
-
health

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

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

2 926
-
2 926
-
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.

102
-
380
-
income

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

1 866
-
6 915
-
total
4 894
-
10 221
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
15 779
37 500
-
-
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.

130
310
-
-
income
2 367
5 625
-
-
trade
2 595
6 168
-
-
chamber of commerce
88
119
-
-
total
5 180
12 222
-
-
Dividends
10 599
25 279
-
-
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.

137
339
-
-
withholding
2 487
6 157
-
-
total
2 624
6 496
-
-
Income
37 500
37 500
37 500
37 500
Total tax
12 698
18 718
10 221
13 114
After tax
24 802
18 782
27 279
24 386
Living cost
16 826
16 826
16 826
16 826
Free-cash
7 976
1 956
10 453
7 560

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13589
₴11812
₴13438
₴13401
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
3 364
health
-
-
-
956
social contributions
-
-
-
5 850
total
-
-
-
10 170
Employee
32 936
32 936
34 045
-
social contributions
1 600
2 733
2 825
-
health
328
560
579
-
income
3 459
3 049
3 348
-
total
5 387
6 342
6 752
-
Employer
32 936
32 936
34 045
-
social contributions
1 600
2 733
2 825
-
health
357
610
630
-
total
1 957
3 343
3 455
-
Corporate
16 264
1 221
-
-
income
2 033
153
-
-
total
2 033
153
-
-
Dividends
14 231
1 069
-
-
withholding
2 419
181
-
-
total
2 419
181
-
-
Income
37 500
37 500
37 500
37 500
Total tax
11 796
10 019
10 207
10 170
After tax
25 704
27 481
27 293
27 330
Living cost
13 892
13 892
13 892
13 892
Free-cash
11 812
13 589
13 401
13 438

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
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.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13363
₴13525
₴18197
₴13957
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
4 584
pensions
-
-
-
3 750
unemployment
-
-
-
562
health
-
-
-
2 625
total
-
-
-
11 521
Employee

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

The minimum wage is 138,000 HUF per month.

11 234
4 471
31 381
-
health
786
313
2 197
-
income
1 373
547
3 836
-
pensions
1 123
447
3 138
-
unemployment
169
67
471
-
total
3 451
1 374
9 642
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 234
4 471
31 381
-
pensions
2 191
872
6 119
-
total
2 191
872
6 119
-
Corporate
24 076
32 157
-
-
income
2 167
2 894
-
-
total
2 167
2 894
-
-
Dividends
21 909
29 263
-
-
social contributions
4 221
5 655
-
-
withholding
4 163
5 560
-
-
total
8 384
11 215
-
-
Income
37 500
37 500
37 500
37 500
Total tax
16 193
16 355
15 761
11 521
After tax
21 307
21 145
21 739
25 979
Living cost
7 782
7 782
7 782
7 782
Free-cash
13 525
13 363
13 957
18 197

Estimated living cost  is ₴7782 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴19655
₴16994
₴9755
₴11268
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
5 025
pensions
-
-
-
7 500
health
-
-
-
4 875
total
-
-
-
17 400
Employee
12 151
-
28 027
-
income
1 368
-
5 404
-
pensions
243
-
561
-
unemployment
194
-
449
-
total
1 805
-
6 414
-
Employer
12 151
-
28 027
-
unemployment
98
-
224
-
pensions
2 430
-
5 605
-
health
1 579
-
3 644
-
total
4 107
-
9 473
-
Corporate
21 242
37 500
-
-
income
4 249
7 500
-
-
total
4 249
7 500
-
-
Dividends
16 994
30 000
-
-
total
-
-
-
-
Income
37 500
37 500
37 500
37 500
Total tax
10 161
7 500
15 887
17 400
After tax
27 339
30 000
21 613
20 100
Living cost
10 345
10 345
10 345
10 345
Free-cash
16 994
19 655
11 268
9 755

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6330
₴1601
₴16401
₴9684
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
accident
-
-
-
108
income
-
-
-
8 764
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
11 731
Employee
14 736
-
31 511
-
health
1 687
-
3 608
-
income
2 022
-
5 602
-
pensions
1 659
-
3 249
-
total
5 368
-
12 459
-
Employer
14 736
-
31 511
-
accident
246
-
526
-
unemployment
361
-
772
-
pensions
2 396
-
4 691
-
total
3 003
-
5 989
-
Corporate
19 761
37 500
-
-
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.

17 785
33 750
-
-
total
17 785
33 750
-
-
Dividends
1 976
3 750
-
-
withholding
375
712
-
-
total
375
712
-
-
Income
37 500
37 500
37 500
37 500
Total tax
26 531
34 462
18 448
11 731
After tax
10 969
3 038
19 052
25 769
Living cost
9 368
9 368
9 368
9 368
Free-cash
1 601
-6 330
9 684
16 401

Estimated living cost  is ₴9368 per week

₴6866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31771
₴31049
₴33271
₴26146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
37 500
microenterprise

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

-
-
-
375
total
-
-
-
375
Employee
4 817
-
37 500
-
income
963
-
7 500
-
total
963
-
7 500
-
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%.

32 683
37 500
-
-
total
-
-
-
-
Dividends
32 683
37 500
-
-
withholding
1 634
1 875
-
-
total
1 634
1 875
-
-
Income
37 500
37 500
37 500
37 500
Total tax
2 597
1 875
7 500
375
After tax
34 903
35 625
30 000
37 125
Living cost
3 854
3 854
3 854
3 854
Free-cash
31 049
31 771
26 146
33 271

Estimated living cost  is ₴3854 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16139
₴13247
₴8894
₴10571
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
4 763
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.

-
-
-
8 999
other
-
-
-
1 781
health
-
-
-
1 650
total
-
-
-
17 193
Employee
15 552
-
29 951
-
health
218
-
419
-
income
2 677
-
5 156
-
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.

1 088
-
2 096
-
unemployment
155
-
299
-
total
4 138
-
7 970
-
Employer
15 552
-
29 951
-
accident
124
-
240
-
other
778
-
1 497
-
unemployment
155
-
299
-
pensions

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

2 644
-
5 091
-
health
218
-
419
-
total
3 919
-
7 546
-
Corporate
18 029
37 500
-
-
income
3 786
7 875
-
-
total
3 786
7 875
-
-
Dividends
14 243
29 625
-
-
withholding
997
2 073
-
-
total
997
2 073
-
-
Income
37 500
37 500
37 500
37 500
Total tax
12 840
9 948
15 516
17 193
After tax
24 660
27 552
21 984
20 307
Living cost
11 413
11 413
11 413
11 413
Free-cash
13 247
16 139
10 571
8 894

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴647
-₴8742
-₴869
-₴5080
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
6 968
pensions
-
-
-
2 657
total
-
-
-
9 625
Employee
40 669
-
33 112
-
health
670
-
515
-
income
7 331
-
5 916
-
pensions
3 923
-
3 017
-
total
11 924
-
9 448
-
Employer
40 669
-
33 112
-
pensions
4 802
-
3 759
-
health
772
-
629
-
total
5 574
-
4 388
-
Corporate
-
37 500
-
-
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.

-
7 125
-
-
total
-
7 125
-
-
Dividends
-
30 375
-
-
withholding
-
2 278
-
-
total
-
2 278
-
-
Income
37 500
37 500
37 500
37 500
Total tax
17 498
9 403
13 836
9 625
After tax
20 002
28 097
23 664
27 875
Living cost
28 744
28 744
28 744
28 744
Free-cash
-8 742
-647
-5 080
-869

Estimated living cost  is ₴28744 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
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.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴26444
₴24453
₴22258
₴23319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
5 625
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
9 623
Employee
7 440
-
34 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
3 456
-
pensions

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

653
-
1 314
-
total
1 821
-
5 624
-
Employer
7 440
-
34 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
28 600
37 500
-
-
income
2 860
3 750
-
-
total
2 860
3 750
-
-
Dividends
25 739
33 750
-
-
withholding
1 287
1 687
-
-
total
1 287
1 687
-
-
Income
37 500
37 500
37 500
37 500
Total tax
7 428
5 437
8 562
9 623
After tax
30 072
32 063
28 938
27 877
Living cost
5 619
5 619
5 619
5 619
Free-cash
24 453
26 444
23 319
22 258

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8436
-₴9163
-₴2436
-₴10841
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
6 339
pensions
-
-
-
5 018
health
-
-
-
4 828
total
-
-
-
16 185
Employee
39 710
36 577
36 577
-
health
4 954
4 775
5 614
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
6 584
-
total
15 959
15 780
18 185
-
Employer
39 710
36 577
36 577
-
unemployment
1 430
1 317
1 317
-
pensions
2 764
2 546
2 546
-
health
2 759
2 542
2 542
-
total
6 953
6 405
6 405
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
37 500
37 500
37 500
37 500
Total tax
22 912
22 185
24 590
16 185
After tax
14 588
15 315
12 910
21 315
Living cost
23 751
23 751
23 751
23 751
Free-cash
-9 163
-8 436
-10 841
-2 436

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15560
₴11899
₴8006
₴8771
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
3 223
health
-
-
-
5 062
solidarity contribution
-
-
-
-
social contributions
-
-
-
10 950
total
-
-
-
19 235
Employee
15 086
-
27 985
-
social contributions
981
-
1 819
-
health
2 037
-
3 778
-
solidarity contribution
-
-
-
-
income
1 810
-
3 358
-
total
4 828
-
8 955
-
Employer
15 086
-
27 985
-
social contributions
3 772
-
6 996
-
health
1 358
-
2 519
-
total
5 130
-
9 515
-
Corporate
17 284
37 500
-
-
income
3 284
7 125
-
-
total
3 284
7 125
-
-
Dividends
14 000
30 375
-
-
withholding
2 100
4 556
-
-
total
2 100
4 556
-
-
Income
37 500
37 500
37 500
37 500
Total tax
15 342
11 681
18 470
19 235
After tax
22 158
25 819
19 030
18 265
Living cost
10 259
10 259
10 259
10 259
Free-cash
11 899
15 560
8 771
8 006

Estimated living cost  is ₴10259 per week

₴7126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1935
-₴566
₴1560
-₴224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
municipal
-
-
-
223
regional
-
-
-
405
national
-
-
-
7 594
social contributions
-
-
-
9 645
total
-
-
-
17 867
Employee
38 066
-
37 500
-
social contributions
12 836
-
12 645
-
regional
359
-
353
-
municipal
202
-
199
-
national
6 596
-
6 454
-
total
19 993
-
19 651
-
Employer
38 066
-
37 500
-
total
-
-
-
-
Corporate
-
37 500
-
-
nationa
-
9 000
-
-
municipal
-
1 462
-
-
total
-
10 462
-
-
Dividends
-
27 037
-
-
withholding
-
7 030
-
-
total
-
7 030
-
-
Income
37 500
37 500
37 500
37 500
Total tax
19 993
17 492
19 651
17 867
After tax
17 507
20 008
17 849
19 633
Living cost
18 073
18 073
18 073
18 073
Free-cash
-566
1 935
-224
1 560

Estimated living cost  is ₴18073 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14136
₴12802
₴10387
₴9670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
6 665
pensions
-
-
-
7 500
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 663
surtax
-
-
-
735
total
-
-
-
17 661
Employee
14 164
-
30 979
-
other
-
-
-
-
health
362
-
789
-
surtax
46
-
653
-
income
2 374
-
6 194
-
pensions
944
-
2 066
-
unemployment
986
-
2 156
-
total
4 712
-
11 858
-
Employer
14 164
-
30 979
-
other
-
-
-
-
unemployment
449
-
982
-
pensions
1 888
-
4 129
-
health
645
-
1 409
-
total
2 982
-
6 520
-
Corporate
20 354
37 500
-
-
income
5 292
9 750
-
-
total
5 292
9 750
-
-
Dividends
15 062
27 750
-
-
withholding
2 260
4 162
-
-
total
2 260
4 162
-
-
Income
37 500
37 500
37 500
37 500
Total tax
15 246
13 912
18 378
17 661
After tax
22 254
23 588
19 122
19 839
Living cost
9 452
9 452
9 452
9 452
Free-cash
12 802
14 136
9 670
10 387

Estimated living cost  is ₴9452 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8460
₴5078
₴8238
₴4027
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
6 968
pensions
-
-
-
2 657
total
-
-
-
9 625
Employee
27 255
-
33 112
-
health
396
-
515
-
income
4 909
-
5 916
-
pensions
2 313
-
3 017
-
total
7 618
-
9 448
-
Employer
27 255
-
33 112
-
pensions
2 950
-
3 759
-
health
518
-
629
-
total
3 468
-
4 388
-
Corporate
6 777
37 500
-
-
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.

1 287
7 125
-
-
total
1 287
7 125
-
-
Dividends
5 489
30 375
-
-
withholding
412
2 278
-
-
total
412
2 278
-
-
Income
37 500
37 500
37 500
37 500
Total tax
12 785
9 403
13 836
9 625
After tax
24 715
28 097
23 664
27 875
Living cost
19 637
19 637
19 637
19 637
Free-cash
5 078
8 460
4 027
8 238

Estimated living cost  is ₴19637 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
-₴15224
-₴3994
-₴923
-₴2846
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
city
-
-
-
395
pensions
-
-
-
3 450
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.

-
-
-
750
regional
-
-
-
1 180
health
-
-
-
106
national
-
-
-
170
total
-
-
-
6 051
Employee
37 884
-
33 564
-
city
407
-
361
-
regional
1 241
-
1 007
-
health
86
-
76
-
pensions
3 183
-
2 819
-
unemployment
-
-
-
-
national
179
-
145
-
total
5 096
-
4 408
-
Employer
37 884
-
33 564
-
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.

757
-
671
-
unemployment
-
-
-
-
pensions
3 183
-
2 819
-
health
86
-
76
-
total
4 026
-
3 566
-
Corporate
-
37 500
-
-
regional
-
7 931
-
-
national
-
3 188
-
-
total
-
11 119
-
-
Dividends
-
26 381
-
-
withholding
-
9 233
-
-
total
-
9 233
-
-
Income
37 500
37 500
37 500
37 500
Total tax
9 122
20 352
7 974
6 051
After tax
28 378
17 148
29 526
31 449
Living cost
32 372
32 372
32 372
32 372
Free-cash
-3 994
-15 224
-2 846
-923

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴1031
₴5915
₴4642
₴7658
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
37 500
trade
-
-
-
3 016
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.

-
-
-
6 915
health

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

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

-
-
-
2 926
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.

-
-
-
380
total
-
-
-
13 237
Employee

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

25 741
-
37 500
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
380
-
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.

3 027
-
6 915
-
total
6 120
-
10 221
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
11 759
37 500
-
-
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.

97
310
-
-
income
1 764
5 625
-
-
trade
2 017
6 431
-
-
chamber of commerce
81
118
-
-
total
3 959
12 484
-
-
Dividends
7 801
25 017
-
-
surtax

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

98
335
-
-
withholding
1 787
6 091
-
-
total
1 885
6 426
-
-
Income
37 500
37 500
37 500
37 500
Total tax
11 964
18 910
10 221
13 237
After tax
25 536
18 590
27 279
24 263
Living cost
19 621
19 621
19 621
19 621
Free-cash
5 915
-1 031
7 658
4 642

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4246
₴6777
₴7093
₴7083
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
2 818
pensions
-
-
-
10 303
other
-
-
-
1 162
health
-
-
-
401
surtax
-
-
-
-
social contributions
-
-
-
1 069
total
-
-
-
15 753
Employee
18 331
-
28 576
-
social contributions
523
-
814
-
surtax
-
-
-
-
income
1 082
-
2 794
-
pensions
2 073
-
3 232
-
total
3 678
-
6 840
-
Employer
18 331
-
28 576
-
other
632
-
986
-
social contributions
55
-
85
-
unemployment
742
-
1 157
-
pensions
3 011
-
4 695
-
health
1 283
-
2 000
-
total
5 723
-
8 923
-
Corporate
13 444
37 500
-
-
surtax
-
-
-
-
income
3 764
10 500
-
-
total
3 764
10 500
-
-
Dividends
9 680
27 000
-
-
surtax
-
-
-
-
social contributions
1 665
4 644
-
-
withholding
1 239
3 456
-
-
total
2 904
8 100
-
-
Income
37 500
37 500
37 500
37 500
Total tax
16 069
18 600
15 763
15 753
After tax
21 431
18 900
21 737
21 747
Living cost
14 654
14 654
14 654
14 654
Free-cash
6 777
4 246
7 083
7 093

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
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.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5698
₴8076
₴8545
₴8535
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
2 818
pensions
-
-
-
10 303
other
-
-
-
1 162
health
-
-
-
401
surtax
-
-
-
-
social contributions
-
-
-
1 069
total
-
-
-
15 753
Employee
16 363
-
28 576
-
social contributions
467
-
814
-
surtax
-
-
-
-
income
844
-
2 794
-
pensions
1 851
-
3 232
-
total
3 162
-
6 840
-
Employer
16 363
-
28 576
-
other
565
-
986
-
social contributions
49
-
85
-
unemployment
662
-
1 157
-
pensions
2 689
-
4 695
-
health
1 145
-
2 000
-
total
5 110
-
8 923
-
Corporate
16 027
37 500
-
-
surtax
-
-
-
-
income
4 488
10 500
-
-
total
4 488
10 500
-
-
Dividends
11 539
27 000
-
-
surtax
-
-
-
-
social contributions
1 985
4 644
-
-
withholding
1 477
3 456
-
-
total
3 462
8 100
-
-
Income
37 500
37 500
37 500
37 500
Total tax
16 222
18 600
15 763
15 753
After tax
21 278
18 900
21 737
21 747
Living cost
13 202
13 202
13 202
13 202
Free-cash
8 076
5 698
8 535
8 545

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
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.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13798
₴14019
₴15001
₴15343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
5 625
health
-
-
-
2 617
social contributions
-
-
-
5 175
total
-
-
-
13 417
Employee
14 522
-
37 500
-
social contributions
2 004
-
5 175
-
health
1 014
-
2 617
-
income
2 422
-
5 283
-
total
5 440
-
13 075
-
Employer
14 522
-
37 500
-
total
-
-
-
-
Corporate
22 978
37 500
-
-
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%.

1 149
1 875
-
-
total
1 149
1 875
-
-
Dividends
21 829
35 625
-
-
health
1 524
2 486
-
-
social contributions
3 012
4 916
-
-
withholding
3 274
5 343
-
-
total
7 810
12 745
-
-
Income
37 500
37 500
37 500
37 500
Total tax
14 399
14 620
13 075
13 417
After tax
23 101
22 880
24 425
24 083
Living cost
9 082
9 082
9 082
9 082
Free-cash
14 019
13 798
15 343
15 001

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6019
₴5356
₴4379
-₴2784
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
chamber of commerce
-
-
-
150
income
-
-
-
5 362
pensions
-
-
-
6 937
unemployment
-
-
-
2 627
health
-
-
-
2 868
surtax
-
-
-
85
total
-
-
-
18 029
Employee
21 405
17 069
29 054
-
other
214
171
290
-
health
828
661
1 124
-
income
2 437
1 259
4 630
-
pensions
2 192
1 748
2 975
-
unemployment
642
512
871
-
total
6 313
4 351
9 890
-
Employer
21 405
17 069
29 054
-
accident
278
222
378
-
other
1 017
810
1 380
-
chamber of commerce
85
68
116
-
unemployment
642
512
871
-
surtax
85
85
85
-
pensions
2 686
2 143
3 646
-
payroll
642
512
871
-
health
809
645
1 098
-
total
6 244
4 997
8 445
-
Corporate
9 851
15 434
27 428
-
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.

2 463
3 858
6 857
-
total
2 463
3 858
6 857
-
Dividends
7 388
11 575
-
-
withholding
2 032
3 183
-
-
total
2 032
3 183
-
-
Income
37 500
37 500
37 500
37 500
Total tax
17 052
16 389
25 192
18 029
After tax
20 448
21 111
12 308
19 471
Living cost
15 092
15 092
15 092
15 092
Free-cash
5 356
6 019
-2 784
4 379

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
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.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5434
-₴2056
₴2598
-₴680
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
national
-
-
-
11 806
communal

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

-
-
-
1 917
social contributions
-
-
-
5 562
total
-
-
-
19 285
Employee

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

30 638
-
29 045
-
communal

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

1 598
-
1 515
-
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.

1 439
-
1 366
-
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.

2 298
-
2 178
-
unemployment

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

267
-
253
-
national
9 419
-
8 796
-
total
15 021
-
14 108
-
Employer

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

30 638
-
29 045
-
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.

398
-
377
-
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.

447
-
424
-
surtax
3 474
-
3 294
-
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.

2 715
-
2 573
-
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.

1 884
-
1 787
-
total
8 918
-
8 455
-
Corporate
-
37 500
-
-
surtax
-
150
-
-
income
-
7 500
-
-
total
-
7 650
-
-
Dividends
-
29 850
-
-
withholding

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

-
8 799
-
-
total
-
8 799
-
-
Income
37 500
37 500
37 500
37 500
Total tax
23 939
16 449
22 563
19 285
After tax
13 561
21 051
14 937
18 215
Living cost
15 617
15 617
15 617
15 617
Free-cash
-2 056
5 434
-680
2 598

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9811
₴6397
₴4398
₴4663
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
accident
-
-
-
337
income
-
-
-
6 384
pensions
-
-
-
10 613
other
-
-
-
37
unemployment
-
-
-
263
total
-
-
-
17 634
Employee
21 321
-
28 435
-
other
21
-
28
-
income
4 499
-
6 498
-
pensions
1 002
-
1 336
-
unemployment
331
-
441
-
total
5 853
-
8 303
-
Employer
21 321
-
28 435
-
accident
422
-
563
-
other
170
-
228
-
unemployment
1 173
-
1 564
-
pensions
5 031
-
6 711
-
total
6 796
-
9 066
-
Corporate
9 383
37 500
-
-
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.

1 408
5 625
-
-
total
1 408
5 625
-
-
Dividends
7 976
31 875
-
-
withholding
1 578
6 596
-
-
total
1 578
6 596
-
-
Income
37 500
37 500
37 500
37 500
Total tax
15 635
12 221
17 369
17 634
After tax
21 865
25 279
20 131
19 866
Living cost
15 468
15 468
15 468
15 468
Free-cash
6 397
9 811
4 663
4 398

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴176
-₴2844
-₴1220
₴602
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
accident
-
-
-
316
income
-
-
-
2 643
pensions
-
-
-
5 621
health
-
-
-
2 634
surtax
-
-
-
1 859
communal
-
-
-
2 370
total
-
-
-
15 443
Employee
32 436
-
33 497
-
health
1 444
-
1 491
-
surtax
1 988
-
2 053
-
income
3 133
-
3 393
-
pensions
2 594
-
2 680
-
total
9 159
-
9 617
-
Employer
32 436
-
33 497
-
accident
292
-
302
-
pensions
2 594
-
2 680
-
health
989
-
1 022
-
total
3 875
-
4 004
-
Corporate
1 188
37 500
-
-
surtax
12
393
-
-
communal
-
2 531
-
-
income
178
5 625
-
-
total
190
8 549
-
-
Dividends
998
28 951
-
-
income
3 693
1 507
-
-
withholding
150
4 343
-
-
total
3 843
5 850
-
-
Income
37 500
37 500
37 500
37 500
Total tax
17 067
14 399
13 621
15 443
After tax
20 433
23 101
23 879
22 057
Living cost
23 277
23 277
23 277
23 277
Free-cash
-2 844
-176
602
-1 220

Estimated living cost  is ₴23277 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
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.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴13968
₴12605
₴10219
₴9502
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
6 665
pensions
-
-
-
7 500
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 663
surtax
-
-
-
735
total
-
-
-
17 661
Employee
14 424
-
30 979
-
other
-
-
-
-
health
368
-
789
-
surtax
51
-
653
-
income
2 418
-
6 194
-
pensions
962
-
2 066
-
unemployment
1 004
-
2 156
-
total
4 803
-
11 858
-
Employer
14 424
-
30 979
-
other
-
-
-
-
unemployment
458
-
982
-
pensions
1 923
-
4 129
-
health
656
-
1 409
-
total
3 037
-
6 520
-
Corporate
20 039
37 500
-
-
income
5 210
9 750
-
-
total
5 210
9 750
-
-
Dividends
14 829
27 750
-
-
withholding
2 225
4 162
-
-
total
2 225
4 162
-
-
Income
37 500
37 500
37 500
37 500
Total tax
15 275
13 912
18 378
17 661
After tax
22 225
23 588
19 122
19 839
Living cost
9 620
9 620
9 620
9 620
Free-cash
12 605
13 968
9 502
10 219

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8173
₴7221
₴7935
₴6160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
municipal
-
-
-
223
regional
-
-
-
565
national
-
-
-
7 594
social contributions
-
-
-
9 645
total
-
-
-
18 027
Employee
23 759
-
37 500
-
social contributions
8 012
-
12 645
-
regional
320
-
504
-
municipal
126
-
199
-
national
3 764
-
6 454
-
total
12 222
-
19 802
-
Employer
23 759
-
37 500
-
total
-
-
-
-
Corporate
13 741
37 500
-
-
nationa
3 298
9 000
-
-
municipal
683
1 864
-
-
total
3 981
10 864
-
-
Dividends
9 760
26 636
-
-
withholding
2 538
6 925
-
-
total
2 538
6 925
-
-
Income
37 500
37 500
37 500
37 500
Total tax
18 741
17 789
19 802
18 027
After tax
18 759
19 711
17 698
19 473
Living cost
11 538
11 538
11 538
11 538
Free-cash
7 221
8 173
6 160
7 935

Estimated living cost  is ₴11538 per week

₴7176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13178
₴8667
₴5624
₴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
-
-
-
37 500
income
-
-
-
3 223
health
-
-
-
5 062
solidarity contribution
-
-
-
-
social contributions
-
-
-
10 950
total
-
-
-
19 235
Employee
18 590
-
27 985
-
social contributions
1 208
-
1 819
-
health
2 510
-
3 778
-
solidarity contribution
-
-
-
-
income
2 231
-
3 358
-
total
5 949
-
8 955
-
Employer
18 590
-
27 985
-
social contributions
4 648
-
6 996
-
health
1 673
-
2 519
-
total
6 321
-
9 515
-
Corporate
12 589
37 500
-
-
income
2 392
7 125
-
-
total
2 392
7 125
-
-
Dividends
10 197
30 375
-
-
withholding
1 530
4 556
-
-
total
1 530
4 556
-
-
Income
37 500
37 500
37 500
37 500
Total tax
16 192
11 681
18 470
19 235
After tax
21 308
25 819
19 030
18 265
Living cost
12 641
12 641
12 641
12 641
Free-cash
8 667
13 178
6 389
5 624

Estimated living cost  is ₴12641 per week

₴9401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7491
₴7280
₴5891
-₴1340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
chamber of commerce
-
-
-
150
income
-
-
-
5 362
pensions
-
-
-
6 937
unemployment
-
-
-
2 627
health
-
-
-
2 868
surtax
-
-
-
-
total
-
-
-
17 944
Employee
18 723
17 069
29 119
-
other
187
171
291
-
health
724
661
1 127
-
income
1 668
1 259
4 648
-
pensions
1 917
1 748
2 981
-
unemployment
562
512
874
-
total
5 058
4 351
9 921
-
Employer
18 723
17 069
29 119
-
accident
243
222
379
-
other
889
810
1 383
-
chamber of commerce
75
68
116
-
unemployment
562
512
874
-
surtax
-
-
-
-
pensions
2 350
2 143
3 654
-
payroll
562
512
874
-
health
708
645
1 101
-
total
5 389
4 912
8 381
-
Corporate
13 389
15 518
27 493
-
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.

3 347
3 880
6 873
-
total
3 347
3 880
6 873
-
Dividends
10 042
11 639
-
-
withholding
2 761
3 201
-
-
total
2 761
3 201
-
-
Income
37 500
37 500
37 500
37 500
Total tax
16 555
16 344
25 175
17 944
After tax
20 945
21 156
12 325
19 556
Living cost
13 665
13 665
13 665
13 665
Free-cash
7 280
7 491
-1 340
5 891

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
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.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29620
₴28494
₴31120
₴23995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
37 500
microenterprise

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

-
-
-
375
total
-
-
-
375
Employee
7 506
-
37 500
-
income
1 501
-
7 500
-
total
1 501
-
7 500
-
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%.

29 994
37 500
-
-
total
-
-
-
-
Dividends
29 994
37 500
-
-
withholding
1 500
1 875
-
-
total
1 500
1 875
-
-
Income
37 500
37 500
37 500
37 500
Total tax
3 001
1 875
7 500
375
After tax
34 499
35 625
30 000
37 125
Living cost
6 005
6 005
6 005
6 005
Free-cash
28 494
29 620
23 995
31 120

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14330
₴10749
₴8147
₴7071
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
37 500
income
-
-
-
7 270
pensions
-
-
-
6 849
unemployment
-
-
-
56
health
-
-
-
3 690
total
-
-
-
17 865
Employee

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

18 940
-
32 448
-
health
1 223
-
2 096
-
income
3 266
-
6 716
-
pensions
2 936
-
5 030
-
unemployment
27
-
46
-
total
7 452
-
13 888
-
Employer

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

18 940
-
32 448
-
unemployment
11
-
20
-
pensions
1 676
-
2 872
-
health
1 261
-
2 161
-
total
2 948
-
5 053
-
Corporate
15 611
37 500
-
-
income
2 966
7 125
-
-
total
2 966
7 125
-
-
Dividends
12 645
30 375
-
-
withholding
1 897
4 557
-
-
total
1 897
4 557
-
-
Income
37 500
37 500
37 500
37 500
Total tax
15 263
11 682
18 941
17 865
After tax
22 237
25 818
18 559
19 635
Living cost
11 488
11 488
11 488
11 488
Free-cash
10 749
14 330
7 071
8 147

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4317
-₴26422
₴7417
₴13362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
7 310
social contributions
-
-
-
4 275
total
-
-
-
11 585
Employee
26 523
-
-
-
social contributions
2 175
-
310
-
income
5 851
-
-
-
total
8 026
-
310
-
Employer
26 523
-
-
-
social contributions
37 398
-
5 330
-
total
37 398
-
5 330
-
Corporate
-
37 500
-
-
income
-
8 250
-
-
total
-
8 250
-
-
Dividends
-
29 250
-
-
income
-
6 435
-
-
total
-
6 435
-
-
Income
37 500
37 500
37 500
37 500
Total tax
45 424
14 685
5 640
11 585
After tax
-7 924
22 815
31 860
25 915
Living cost
18 498
18 498
18 498
18 498
Free-cash
-26 422
4 317
13 362
7 417

Estimated living cost  is ₴18498 per week

₴12002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7895
₴7463
₴7700
₴6001
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
37 500
income
-
-
-
3 334
surtax
-
-
-
-
social contributions

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

-
-
-
13 031
total
-
-
-
16 365
Employee
19 699
-
30 303
-
social contributions
2 167
-
3 333
-
surtax
-
-
-
-
income
4 098
-
7 534
-
total
6 265
-
10 867
-
Employer
19 699
-
30 303
-
social contributions
4 679
-
7 197
-
total
4 679
-
7 197
-
Corporate
13 122
37 500
-
-
surtax
-
-
-
-
income
2 755
7 875
-
-
total
2 755
7 875
-
-
Dividends
10 367
29 625
-
-
withholding
2 903
8 295
-
-
total
2 903
8 295
-
-
Income
37 500
37 500
37 500
37 500
Total tax
16 602
16 170
18 064
16 365
After tax
20 898
21 330
19 436
21 135
Living cost
13 435
13 435
13 435
13 435
Free-cash
7 463
7 895
6 001
7 700

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1787
₴1157
₴1060
₴1050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
2 818
pensions
-
-
-
10 303
other
-
-
-
1 162
health
-
-
-
401
surtax
-
-
-
-
social contributions
-
-
-
1 069
total
-
-
-
15 753
Employee
26 826
-
28 576
-
social contributions
764
-
814
-
surtax
-
-
-
-
income
2 341
-
2 794
-
pensions
3 034
-
3 232
-
total
6 139
-
6 840
-
Employer
26 826
-
28 576
-
other
926
-
986
-
social contributions
80
-
85
-
unemployment
1 087
-
1 157
-
pensions
4 408
-
4 695
-
health
1 878
-
2 000
-
total
8 379
-
8 923
-
Corporate
2 295
37 500
-
-
surtax
-
-
-
-
income
643
10 500
-
-
total
643
10 500
-
-
Dividends
1 652
27 000
-
-
surtax
-
-
-
-
social contributions
284
4 644
-
-
withholding
211
3 456
-
-
total
495
8 100
-
-
Income
37 500
37 500
37 500
37 500
Total tax
15 656
18 600
15 763
15 753
After tax
21 844
18 900
21 737
21 747
Living cost
20 687
20 687
20 687
20 687
Free-cash
1 157
-1 787
1 050
1 060

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20875
₴19436
₴15888
₴16941
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
487
social contributions
-
-
-
8 250
total
-
-
-
8 737
Employee
13 770
-
32 468
-
income
-
-
542
-
social contributions
895
-
2 110
-
total
895
-
2 652
-
Employer
13 770
-
32 468
-
social contributions
2 134
-
5 032
-
total
2 134
-
5 032
-
Corporate
21 596
37 500
-
-
income
2 160
3 750
-
-
total
2 160
3 750
-
-
Dividends
19 436
33 750
-
-
total
-
-
-
-
Income
37 500
37 500
37 500
37 500
Total tax
5 189
3 750
7 684
8 737
After tax
32 311
33 750
29 816
28 763
Living cost
12 875
12 875
12 875
12 875
Free-cash
19 436
20 875
16 941
15 888

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
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.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴55862
-₴55862
₴2875
-₴55862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
municipal
-
-
-
6 751
pensions
-
-
-
371
national
-
-
-
3 896
labour market
-
-
-
2 970
total
-
-
-
13 988
Employee
87 103
87 103
87 103
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 103
87 103
87 103
-
labour market
6 968
6 968
6 968
-
municipal
18 578
18 578
18 578
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 454
36 454
36 454
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
37 500
37 500
37 500
37 500
Total tax
72 725
72 725
72 725
13 988
After tax
-35 225
-35 225
-35 225
23 512
Living cost
20 637
20 637
20 637
20 637
Free-cash
-55 862
-55 862
-55 862
2 875

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6192
₴1621
₴16539
₴9822
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
accident
-
-
-
108
income
-
-
-
8 764
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
11 731
Employee
14 519
-
31 511
-
health
1 663
-
3 608
-
income
1 992
-
5 602
-
pensions
1 635
-
3 249
-
total
5 290
-
12 459
-
Employer
14 519
-
31 511
-
accident
242
-
526
-
unemployment
356
-
772
-
pensions
2 361
-
4 691
-
total
2 959
-
5 989
-
Corporate
20 022
37 500
-
-
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.

18 020
33 750
-
-
total
18 020
33 750
-
-
Dividends
2 002
3 750
-
-
withholding
380
712
-
-
total
380
712
-
-
Income
37 500
37 500
37 500
37 500
Total tax
26 649
34 462
18 448
11 731
After tax
10 851
3 038
19 052
25 769
Living cost
9 230
9 230
9 230
9 230
Free-cash
1 621
-6 192
9 822
16 539

Estimated living cost  is ₴9230 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8897
₴7414
₴10782
₴5370
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
37 500
municipal
-
-
-
6 678
health
-
-
-
399
national
-
-
-
3 197
total
-
-
-
10 274
Employee
22 535
-
31 547
-
health
168
-
307
-
municipal
3 691
-
5 155
-
pensions
1 521
-
2 130
-
unemployment
338
-
473
-
national
372
-
1 668
-
total
6 090
-
9 733
-
Employer
22 535
-
31 547
-
accident
23
-
32
-
unemployment
146
-
205
-
pensions
3 910
-
5 473
-
health
173
-
243
-
total
4 252
-
5 953
-
Corporate
10 714
37 500
-
-
income
2 143
7 500
-
-
total
2 143
7 500
-
-
Dividends

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

6 428
22 500
-
-
national
-
609
-
-
municipal
1 157
4 050
-
-
total
1 157
4 659
-
-
Income
37 500
37 500
37 500
37 500
Total tax
13 642
12 159
15 686
10 274
After tax
23 858
25 341
21 814
27 226
Living cost
16 444
16 444
16 444
16 444
Free-cash
7 414
8 897
5 370
10 782

Estimated living cost  is ₴16444 per week

₴10741
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.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17564
₴15233
₴17413
₴17376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
3 364
health
-
-
-
956
social contributions
-
-
-
5 850
total
-
-
-
10 170
Employee
32 936
32 936
34 045
-
social contributions
1 245
2 733
2 825
-
health
255
560
579
-
income
3 586
3 049
3 348
-
total
5 086
6 342
6 752
-
Employer
32 936
32 936
34 045
-
social contributions
1 245
2 733
2 825
-
health
277
610
630
-
total
1 522
3 343
3 455
-
Corporate
20 974
1 221
-
-
income
2 622
153
-
-
total
2 622
153
-
-
Dividends
18 352
1 069
-
-
withholding
3 120
181
-
-
total
3 120
181
-
-
Income
37 500
37 500
37 500
37 500
Total tax
12 350
10 019
10 207
10 170
After tax
25 150
27 481
27 293
27 330
Living cost
9 917
9 917
9 917
9 917
Free-cash
15 233
17 564
17 376
17 413

Estimated living cost  is ₴9917 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24253
₴22074
₴22911
₴16349
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
37 500
income
-
-
-
3 502
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
7 789
Employee

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

9 831
-
33 998
-
health
836
-
2 890
-
income
672
-
2 690
-
pensions
1 474
-
5 100
-
unemployment
49
-
170
-
total
3 031
-
10 850
-
Employer

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

9 831
-
33 998
-
unemployment
49
-
170
-
pensions
541
-
1 869
-
health
423
-
1 462
-
total
1 013
-
3 501
-
Corporate
26 657
37 500
-
-
income
2 399
3 375
-
-
total
2 399
3 375
-
-
Dividends
24 257
34 125
-
-
withholding
2 183
3 072
-
-
total
2 183
3 072
-
-
Income
37 500
37 500
37 500
37 500
Total tax
8 626
6 447
14 351
7 789
After tax
28 874
31 053
23 149
29 711
Living cost
6 800
6 800
6 800
6 800
Free-cash
22 074
24 253
16 349
22 911

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13501
₴11255
₴8088
₴8353
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
accident
-
-
-
337
income
-
-
-
6 384
pensions
-
-
-
10 613
other
-
-
-
37
unemployment
-
-
-
263
total
-
-
-
17 634
Employee
15 837
-
28 435
-
other
15
-
28
-
income
3 053
-
6 498
-
pensions
745
-
1 336
-
unemployment
245
-
441
-
total
4 058
-
8 303
-
Employer
15 837
-
28 435
-
accident
314
-
563
-
other
127
-
228
-
unemployment
871
-
1 564
-
pensions
3 737
-
6 711
-
total
5 049
-
9 066
-
Corporate
16 613
37 500
-
-
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.

2 492
5 625
-
-
total
2 492
5 625
-
-
Dividends
14 121
31 875
-
-
withholding
2 868
6 596
-
-
total
2 868
6 596
-
-
Income
37 500
37 500
37 500
37 500
Total tax
14 467
12 221
17 369
17 634
After tax
23 033
25 279
20 131
19 866
Living cost
11 778
11 778
11 778
11 778
Free-cash
11 255
13 501
8 353
8 088

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22230
₴22037
₴22518
₴22436
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
12 340
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
13 812
Employee
1 782
-
36 540
-
health
89
-
213
-
income
345
-
12 295
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
12 935
-
Employer
1 782
-
36 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
35 317
37 500
-
-
income
7 770
8 250
-
-
total
7 770
8 250
-
-
Dividends
27 548
29 250
-
-
withholding
5 510
5 850
-
-
total
5 510
5 850
-
-
Income
37 500
37 500
37 500
37 500
Total tax
14 293
14 100
13 894
13 812
After tax
23 207
23 400
23 606
23 688
Living cost
1 170
1 170
1 170
1 170
Free-cash
22 037
22 230
22 436
22 518

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19686
₴17578
₴11785
₴11786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
37 500
income
-
-
-
6 341
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
18 307
Employee

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

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

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

11 170
-
31 834
-
health
575
-
1 630
-
income
1 540
-
6 341
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
12 640
-
Employer

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

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

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

11 170
-
31 834
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
24 330
37 500
-
-
income
3 650
5 625
-
-
total
3 650
5 625
-
-
Dividends
20 681
31 875
-
-
withholding
3 102
4 781
-
-
total
3 102
4 781
-
-
Income
37 500
37 500
37 500
37 500
Total tax
12 514
10 406
18 306
18 307
After tax
24 986
27 094
19 194
19 193
Living cost
7 408
7 408
7 408
7 408
Free-cash
17 578
19 686
11 786
11 785

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9783
₴9628
₴9588
₴7889
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
37 500
income
-
-
-
3 334
surtax
-
-
-
-
social contributions

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

-
-
-
13 031
total
-
-
-
16 365
Employee
16 624
-
30 303
-
social contributions
1 829
-
3 333
-
surtax
-
-
-
-
income
3 248
-
7 534
-
total
5 077
-
10 867
-
Employer
16 624
-
30 303
-
social contributions
3 948
-
7 197
-
total
3 948
-
7 197
-
Corporate
16 928
37 500
-
-
surtax
-
-
-
-
income
3 555
7 875
-
-
total
3 555
7 875
-
-
Dividends
13 373
29 625
-
-
withholding
3 745
8 295
-
-
total
3 745
8 295
-
-
Income
37 500
37 500
37 500
37 500
Total tax
16 325
16 170
18 064
16 365
After tax
21 175
21 330
19 436
21 135
Living cost
11 547
11 547
11 547
11 547
Free-cash
9 628
9 783
7 889
9 588

Estimated living cost  is ₴11547 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10226
₴6959
₴4813
₴5078
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
accident
-
-
-
337
income
-
-
-
6 384
pensions
-
-
-
10 613
other
-
-
-
37
unemployment
-
-
-
263
total
-
-
-
17 634
Employee
20 686
-
28 435
-
other
20
-
28
-
income
4 321
-
6 498
-
pensions
972
-
1 336
-
unemployment
320
-
441
-
total
5 633
-
8 303
-
Employer
20 686
-
28 435
-
accident
410
-
563
-
other
166
-
228
-
unemployment
1 138
-
1 564
-
pensions
4 882
-
6 711
-
total
6 596
-
9 066
-
Corporate
10 219
37 500
-
-
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.

1 533
5 625
-
-
total
1 533
5 625
-
-
Dividends
8 686
31 875
-
-
withholding
1 726
6 596
-
-
total
1 726
6 596
-
-
Income
37 500
37 500
37 500
37 500
Total tax
15 488
12 221
17 369
17 634
After tax
22 012
25 279
20 131
19 866
Living cost
15 053
15 053
15 053
15 053
Free-cash
6 959
10 226
5 078
4 813

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and 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 Madrid model

Close
Sofia , Bulgaria
₴24691
₴22079
₴20505
₴21566
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
5 625
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
9 623
Employee
9 762
-
34 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
3 456
-
pensions

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

857
-
1 314
-
total
2 389
-
5 624
-
Employer
9 762
-
34 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
25 822
37 500
-
-
income
2 582
3 750
-
-
total
2 582
3 750
-
-
Dividends
23 240
33 750
-
-
withholding
1 162
1 687
-
-
total
1 162
1 687
-
-
Income
37 500
37 500
37 500
37 500
Total tax
8 049
5 437
8 562
9 623
After tax
29 451
32 063
28 938
27 877
Living cost
7 372
7 372
7 372
7 372
Free-cash
22 079
24 691
21 566
20 505

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2824
₴8429
₴8219
₴10743
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
37 500
trade
-
-
-
2 524
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.

-
-
-
6 915
health

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

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

-
-
-
2 926
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.

-
-
-
380
total
-
-
-
12 745
Employee

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

21 311
-
37 500
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
380
-
income

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

1 752
-
6 915
-
total
4 775
-
10 221
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 189
37 500
-
-
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.

133
310
-
-
income
2 429
5 625
-
-
trade
2 323
5 382
-
-
chamber of commerce
89
120
-
-
total
4 974
11 437
-
-
Dividends
11 215
26 064
-
-
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.

145
350
-
-
withholding
2 641
6 353
-
-
total
2 786
6 703
-
-
Income
37 500
37 500
37 500
37 500
Total tax
12 535
18 140
10 221
12 745
After tax
24 965
19 360
27 279
24 755
Living cost
16 536
16 536
16 536
16 536
Free-cash
8 429
2 824
10 743
8 219

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1851
₴2797
₴1959
₴1959
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
7 920
social contributions
-
-
-
3 222
total
-
-
-
11 142
Employee
33 504
-
37 500
-
income
6 322
-
7 920
-
social contributions
2 783
-
3 222
-
total
9 105
-
11 142
-
Employer
33 504
-
37 500
-
total
-
-
-
-
Corporate
3 996
37 500
-
-
income
500
4 687
-
-
total
500
4 687
-
-
Dividends
3 496
32 813
-
-
withholding
699
6 563
-
-
total
699
6 563
-
-
Income
37 500
37 500
37 500
37 500
Total tax
10 304
11 250
11 142
11 142
After tax
27 196
26 250
26 358
26 358
Living cost
24 399
24 399
24 399
24 399
Free-cash
2 797
1 851
1 959
1 959

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
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.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
₴6564
₴8775
₴6899
₴11910
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
37 500
income
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 649
-
35 530
-
income
2 132
-
6 102
-
social contributions
1 969
-
1 970
-
total
4 101
-
8 072
-
Employer
19 649
-
35 530
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
15 883
37 500
-
-
income
5 559
13 125
-
-
total
5 559
13 125
-
-
Dividends
10 324
24 375
-
-
social contributions
1 548
2 263
-
-
total
1 548
2 263
-
-
Income
37 500
37 500
37 500
37 500
Total tax
13 177
15 388
10 042
15 053
After tax
24 323
22 112
27 458
22 447
Living cost
15 548
15 548
15 548
15 548
Free-cash
8 775
6 564
11 910
6 899

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12132
₴9706
₴11910
₴7699
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
income
-
-
-
6 968
pensions
-
-
-
2 657
total
-
-
-
9 625
Employee
21 914
-
33 112
-
health
286
-
515
-
income
3 991
-
5 916
-
pensions
1 673
-
3 017
-
total
5 950
-
9 448
-
Employer
21 914
-
33 112
-
pensions
2 214
-
3 759
-
health
416
-
629
-
total
2 630
-
4 388
-
Corporate
12 956
37 500
-
-
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.

2 462
7 125
-
-
total
2 462
7 125
-
-
Dividends
10 494
30 375
-
-
withholding
787
2 278
-
-
total
787
2 278
-
-
Income
37 500
37 500
37 500
37 500
Total tax
11 829
9 403
13 836
9 625
After tax
25 671
28 097
23 664
27 875
Living cost
15 965
15 965
15 965
15 965
Free-cash
9 706
12 132
7 699
11 910

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7105
₴1482
₴15626
₴8909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
accident
-
-
-
108
income
-
-
-
8 764
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
11 731
Employee
15 956
-
31 511
-
health
1 827
-
3 608
-
income
2 189
-
5 602
-
pensions
1 797
-
3 249
-
total
5 813
-
12 459
-
Employer
15 956
-
31 511
-
accident
266
-
526
-
unemployment
391
-
772
-
pensions
2 594
-
4 691
-
total
3 251
-
5 989
-
Corporate
18 292
37 500
-
-
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.

16 463
33 750
-
-
total
16 463
33 750
-
-
Dividends
1 829
3 750
-
-
withholding
348
712
-
-
total
348
712
-
-
Income
37 500
37 500
37 500
37 500
Total tax
25 875
34 462
18 448
11 731
After tax
11 625
3 038
19 052
25 769
Living cost
10 143
10 143
10 143
10 143
Free-cash
1 482
-7 105
8 909
15 626

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

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Skopje , Macedonia
₴26090
₴24008
₴15794
₴16688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
37 500
work injury
-
-
-
187
health insurance
-
-
-
2 775
income
-
-
-
5 609
pensions
-
-
-
6 900
unemployment
-
-
-
450
total
-
-
-
15 921
Employee

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

9 257
-
37 500
-
work injury
46
-
171
-
income
926
-
5 609
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
15 027
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 243
37 500
-
-
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
28 243
37 500
-
-
withholding
4 236
5 625
-
-
total
4 236
5 625
-
-
Income
37 500
37 500
37 500
37 500
Total tax
7 707
5 625
15 027
15 921
After tax
29 793
31 875
22 473
21 579
Living cost
5 785
5 785
5 785
5 785
Free-cash
24 008
26 090
16 688
15 794

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2689
₴743
₴2249
₴533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
37 500
municipal
-
-
-
250
regional
-
-
-
699
national
-
-
-
7 594
social contributions
-
-
-
9 645
total
-
-
-
18 188
Employee
36 093
-
37 500
-
social contributions
12 170
-
12 645
-
regional
545
-
581
-
municipal
215
-
224
-
national
6 099
-
6 454
-
total
19 029
-
19 904
-
Employer
36 093
-
37 500
-
total
-
-
-
-
Corporate
1 407
37 500
-
-
nationa
338
9 000
-
-
municipal
67
1 808
-
-
total
405
10 808
-
-
Dividends
1 002
26 692
-
-
withholding
260
6 940
-
-
total
260
6 940
-
-
Income
37 500
37 500
37 500
37 500
Total tax
19 694
17 748
19 904
18 188
After tax
17 806
19 752
17 596
19 312
Living cost
17 063
17 063
17 063
17 063
Free-cash
743
2 689
533
2 249

Estimated living cost  is ₴17063 per week

₴11986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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