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
₴ 38000
per

Your estimated
City
free-cash

Dresden , Germany
₴6219
₴10972
₴11750
₴14590
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 000
trade
-
-
-
2 840
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.

-
-
-
7 079
health

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

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

-
-
-
2 934
surtax

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

-
-
-
390
total
-
-
-
13 243
Employee

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

16 425
-
38 000
-
health

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

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

2 934
-
2 934
-
surtax

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

25
-
390
-
income

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

459
-
7 079
-
total
3 418
-
10 403
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 575
38 000
-
-
surtax

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

178
314
-
-
income
3 236
5 700
-
-
trade
3 398
5 985
-
-
chamber of commerce
96
120
-
-
total
6 908
12 119
-
-
Dividends
14 667
25 882
-
-
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.

192
347
-
-
withholding
3 503
6 308
-
-
total
3 695
6 655
-
-
Income
38 000
38 000
38 000
38 000
Total tax
14 021
18 774
10 403
13 243
After tax
23 979
19 226
27 597
24 757
Living cost
13 007
13 007
13 007
13 007
Free-cash
10 972
6 219
14 590
11 750

Estimated living cost  is ₴13007 per week

₴8182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₴2045
₴1363
₴1423
₴1723
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
municipal
-
-
-
3 899
pensions
-
-
-
4 560
national
-
-
-
6 042
social contributions
-
-
-
409
total
-
-
-
14 910
Employee
33 588
-
32 851
-
municipal
4 149
-
4 046
-
pensions
1 344
-
1 314
-
national
6 429
-
6 269
-
total
11 922
-
11 629
-
Employer
33 588
-
32 851
-
social contributions
361
-
353
-
pensions
2 687
-
2 628
-
total
3 048
-
2 981
-
Corporate
-
38 000
-
-
income

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

-
7 600
-
-
total
-
7 600
-
-
Dividends
-
30 400
-
-
withholding
-
6 688
-
-
total
-
6 688
-
-
Income
38 000
38 000
38 000
38 000
Total tax
14 970
14 288
14 610
14 910
After tax
23 030
23 712
23 390
23 090
Living cost
21 667
21 667
21 667
21 667
Free-cash
1 363
2 045
1 723
1 423

Estimated living cost  is ₴21667 per week

₴14727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴21466
₴17942
₴11408
₴12541
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 000
microenterprise
-
-
-
-
income
-
-
-
5 441
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.

-
-
-
12 217
total
-
-
-
17 658
Employee
12 548
-
30 623
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

1 381
-
3 369
-
surtax
-
-
-
-
income
2 234
-
5 779
-
total
3 615
-
9 148
-
Employer
12 548
-
30 623
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

3 023
-
7 377
-
surtax
-
-
-
-
total
3 023
-
7 377
-
Corporate
22 429
38 000
-
-
income

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

4 486
7 600
-
-
total
4 486
7 600
-
-
Dividends

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

17 943
30 400
-
-
total
-
-
-
-
Income
38 000
38 000
38 000
38 000
Total tax
11 124
7 600
16 525
17 658
After tax
26 876
30 400
21 475
20 342
Living cost
8 934
8 934
8 934
8 934
Free-cash
17 942
21 466
12 541
11 408

Estimated living cost  is ₴8934 per week

₴5700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-₴2233
-₴4644
₴3606
-₴4644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
6 509
pensions
-
-
-
5 031
health
-
-
-
4 864
total
-
-
-
16 404
Employee
36 672
36 672
36 672
-
health
5 629
4 788
5 629
-
income

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

6 003
6 003
6 003
-
pensions
6 601
5 031
6 601
-
total
18 233
15 822
18 233
-
Employer
36 672
36 672
36 672
-
unemployment
1 320
1 320
1 320
-
pensions
2 552
2 552
2 552
-
health
2 549
2 549
2 549
-
total
6 421
6 421
6 421
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 000
38 000
38 000
38 000
Total tax
24 654
22 243
24 654
16 404
After tax
13 346
15 757
13 346
21 596
Living cost
17 990
17 990
17 990
17 990
Free-cash
-4 644
-2 233
-4 644
3 606

Estimated living cost  is ₴17990 per week

₴12749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴4202
₴3830
₴2750
₴3747
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
municipal
-
-
-
8 199
accident
-
-
-
72
pensions
-
-
-
3 920
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
-
total
-
-
-
18 704
Employee
23 577
-
28 915
-
municipal
7 031
-
8 622
-
national
-
-
-
-
total
7 031
-
8 622
-
Employer
23 577
-
28 915
-
accident
47
-
58
-
other
2 740
-
3 360
-
unemployment
622
-
763
-
pensions
2 549
-
3 126
-
health
1 450
-
1 778
-
total
7 408
-
9 085
-
Corporate
7 015
38 000
-
-
income
1 543
8 360
-
-
total
1 543
8 360
-
-
Dividends
5 472
29 640
-
-
withholding
1 642
8 892
-
-
total
1 642
8 892
-
-
Income
38 000
38 000
38 000
38 000
Total tax
17 624
17 252
17 707
18 704
After tax
20 376
20 748
20 293
19 296
Living cost
16 546
16 546
16 546
16 546
Free-cash
3 830
4 202
3 747
2 750

Estimated living cost  is ₴16546 per week

₴10966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3705
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴2162
₴8196
₴7761
₴10727
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 000
trade
-
-
-
2 966
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.

-
-
-
7 079
health

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

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

-
-
-
2 934
surtax

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

-
-
-
390
total
-
-
-
13 369
Employee

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

21 778
-
38 000
-
health

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

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

2 934
-
2 934
-
surtax

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

103
-
390
-
income

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

1 871
-
7 079
-
total
4 908
-
10 403
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 222
38 000
-
-
surtax

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

134
314
-
-
income
2 433
5 700
-
-
trade
2 669
6 251
-
-
chamber of commerce
88
119
-
-
total
5 324
12 384
-
-
Dividends
10 898
25 616
-
-
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.

141
343
-
-
withholding
2 561
6 241
-
-
total
2 702
6 584
-
-
Income
38 000
38 000
38 000
38 000
Total tax
12 934
18 968
10 403
13 369
After tax
25 066
19 032
27 597
24 631
Living cost
16 870
16 870
16 870
16 870
Free-cash
8 196
2 162
10 727
7 761

Estimated living cost  is ₴16870 per week

₴11283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₴13915
₴12132
₴13702
₴13663
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
3 472
health
-
-
-
969
social contributions
-
-
-
5 928
total
-
-
-
10 369
Employee
33 022
33 022
34 498
-
social contributions
1 605
2 741
2 864
-
health
328
561
587
-
income
3 468
3 057
3 455
-
total
5 401
6 359
6 906
-
Employer
33 022
33 022
34 498
-
social contributions
1 605
2 741
2 864
-
health
358
611
638
-
total
1 963
3 352
3 502
-
Corporate
16 708
1 627
-
-
income
2 089
203
-
-
total
2 089
203
-
-
Dividends
14 620
1 424
-
-
withholding
2 486
242
-
-
total
2 486
242
-
-
Income
38 000
38 000
38 000
38 000
Total tax
11 939
10 156
10 408
10 369
After tax
26 061
27 844
27 592
27 631
Living cost
13 929
13 929
13 929
13 929
Free-cash
12 132
13 915
13 663
13 702

Estimated living cost  is ₴13929 per week

₴9522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴13647
₴13808
₴18546
₴14250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
4 645
pensions
-
-
-
3 800
unemployment
-
-
-
570
health
-
-
-
2 660
total
-
-
-
11 675
Employee

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

The minimum wage is 138,000 HUF per month.

11 229
4 469
31 799
-
health
786
313
2 226
-
income
1 373
546
3 887
-
pensions
1 123
447
3 180
-
unemployment
168
67
477
-
total
3 450
1 373
9 770
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 229
4 469
31 799
-
pensions
2 190
871
6 201
-
total
2 190
871
6 201
-
Corporate
24 581
32 660
-
-
income
2 212
2 939
-
-
total
2 212
2 939
-
-
Dividends
22 369
29 720
-
-
social contributions
4 311
5 744
-
-
withholding
4 250
5 647
-
-
total
8 561
11 391
-
-
Income
38 000
38 000
38 000
38 000
Total tax
16 413
16 574
15 971
11 675
After tax
21 587
21 426
22 029
26 325
Living cost
7 779
7 779
7 779
7 779
Free-cash
13 808
13 647
14 250
18 546

Estimated living cost  is ₴7779 per week

₴5308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴20028
₴17359
₴9996
₴11530
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
5 092
pensions
-
-
-
7 600
health
-
-
-
4 940
total
-
-
-
17 632
Employee
12 182
-
28 400
-
income
1 372
-
5 476
-
pensions
244
-
568
-
unemployment
195
-
455
-
total
1 811
-
6 499
-
Employer
12 182
-
28 400
-
unemployment
98
-
227
-
pensions
2 437
-
5 680
-
health
1 583
-
3 692
-
total
4 118
-
9 599
-
Corporate
21 700
38 000
-
-
income
4 340
7 600
-
-
total
4 340
7 600
-
-
Dividends
17 359
30 400
-
-
total
-
-
-
-
Income
38 000
38 000
38 000
38 000
Total tax
10 269
7 600
16 098
17 632
After tax
27 731
30 400
21 902
20 368
Living cost
10 372
10 372
10 372
10 372
Free-cash
17 359
20 028
11 530
9 996

Estimated living cost  is ₴10372 per week

₴7114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴6301
₴1641
₴16731
₴9958
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
accident
-
-
-
108
income
-
-
-
8 920
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
11 890
Employee
14 754
-
31 985
-
health
1 689
-
3 662
-
income
2 024
-
5 733
-
pensions
1 661
-
3 253
-
total
5 374
-
12 648
-
Employer
14 754
-
31 985
-
accident
246
-
534
-
unemployment
361
-
784
-
pensions
2 399
-
4 697
-
total
3 006
-
6 015
-
Corporate
20 239
38 000
-
-
income

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

18 215
34 200
-
-
total
18 215
34 200
-
-
Dividends
2 024
3 800
-
-
withholding
385
722
-
-
total
385
722
-
-
Income
38 000
38 000
38 000
38 000
Total tax
26 980
34 922
18 663
11 890
After tax
11 020
3 078
19 337
26 110
Living cost
9 379
9 379
9 379
9 379
Free-cash
1 641
-6 301
9 958
16 731

Estimated living cost  is ₴9379 per week

₴6874
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
₴32186
₴31453
₴33706
₴26486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
38 000
microenterprise

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

-
-
-
380
total
-
-
-
380
Employee
4 892
-
38 000
-
income
978
-
7 600
-
total
978
-
7 600
-
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%.

33 108
38 000
-
-
total
-
-
-
-
Dividends
33 108
38 000
-
-
withholding
1 655
1 900
-
-
total
1 655
1 900
-
-
Income
38 000
38 000
38 000
38 000
Total tax
2 633
1 900
7 600
380
After tax
35 367
36 100
30 400
37 620
Living cost
3 914
3 914
3 914
3 914
Free-cash
31 453
32 186
26 486
33 706

Estimated living cost  is ₴3914 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴16475
₴13575
₴9133
₴10832
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
4 827
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.

-
-
-
9 120
other
-
-
-
1 805
health
-
-
-
1 672
total
-
-
-
17 424
Employee
15 592
-
30 353
-
health
218
-
425
-
income
2 684
-
5 225
-
pensions

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

1 091
-
2 125
-
unemployment
156
-
303
-
total
4 149
-
8 078
-
Employer
15 592
-
30 353
-
accident
125
-
243
-
other
780
-
1 517
-
unemployment
156
-
303
-
pensions

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

2 651
-
5 159
-
health
218
-
425
-
total
3 930
-
7 647
-
Corporate
18 478
38 000
-
-
income
3 881
7 980
-
-
total
3 881
7 980
-
-
Dividends
14 597
30 020
-
-
withholding
1 022
2 102
-
-
total
1 022
2 102
-
-
Income
38 000
38 000
38 000
38 000
Total tax
12 982
10 082
15 725
17 424
After tax
25 018
27 918
22 275
20 576
Living cost
11 443
11 443
11 443
11 443
Free-cash
13 575
16 475
10 832
9 133

Estimated living cost  is ₴11443 per week

₴8085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-₴435
-₴8506
-₴666
-₴4938
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
7 060
pensions
-
-
-
2 699
total
-
-
-
9 759
Employee
40 899
-
33 548
-
health
674
-
524
-
income
7 373
-
5 992
-
pensions
3 946
-
3 063
-
total
11 993
-
9 579
-
Employer
40 899
-
33 548
-
pensions
4 829
-
3 814
-
health
777
-
638
-
total
5 606
-
4 452
-
Corporate
-
38 000
-
-
income

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

-
7 220
-
-
total
-
7 220
-
-
Dividends
-
30 780
-
-
withholding
-
2 308
-
-
total
-
2 308
-
-
Income
38 000
38 000
38 000
38 000
Total tax
17 599
9 528
14 031
9 759
After tax
20 401
28 472
23 969
28 241
Living cost
28 907
28 907
28 907
28 907
Free-cash
-8 506
-435
-4 938
-666

Estimated living cost  is ₴28907 per week

₴21661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₴26861
₴24866
₴22666
₴23750
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
5 700
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
9 705
Employee
7 454
-
35 058
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
745
-
3 506
-
pensions

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

654
-
1 317
-
total
1 824
-
5 678
-
Employer
7 454
-
35 058
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 653
-
health
515
-
1 035
-
total
1 464
-
2 943
-
Corporate
29 083
38 000
-
-
income
2 908
3 800
-
-
total
2 908
3 800
-
-
Dividends
26 175
34 200
-
-
withholding
1 309
1 710
-
-
total
1 309
1 710
-
-
Income
38 000
38 000
38 000
38 000
Total tax
7 505
5 510
8 621
9 705
After tax
30 495
32 490
29 379
28 295
Living cost
5 629
5 629
5 629
5 629
Free-cash
24 866
26 861
23 750
22 666

Estimated living cost  is ₴5629 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴8056
-₴8785
-₴2217
-₴10467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
6 509
pensions
-
-
-
5 031
health
-
-
-
4 864
total
-
-
-
16 404
Employee
39 814
36 672
36 672
-
health
4 967
4 788
5 629
-
income

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

6 003
6 003
6 003
-
pensions
5 031
5 031
6 601
-
total
16 001
15 822
18 233
-
Employer
39 814
36 672
36 672
-
unemployment
1 433
1 320
1 320
-
pensions
2 771
2 552
2 552
-
health
2 767
2 549
2 549
-
total
6 971
6 421
6 421
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 000
38 000
38 000
38 000
Total tax
22 972
22 243
24 654
16 404
After tax
15 028
15 757
13 346
21 596
Living cost
23 813
23 813
23 813
23 813
Free-cash
-8 785
-8 056
-10 467
-2 217

Estimated living cost  is ₴23813 per week

₴17566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴15899
₴12238
₴8244
₴9020
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
3 266
health
-
-
-
5 130
solidarity contribution
-
-
-
-
social contributions
-
-
-
11 096
total
-
-
-
19 492
Employee
15 094
-
28 358
-
social contributions
981
-
1 843
-
health
2 038
-
3 828
-
solidarity contribution
-
-
-
-
income
1 811
-
3 403
-
total
4 830
-
9 074
-
Employer
15 094
-
28 358
-
social contributions
3 773
-
7 090
-
health
1 358
-
2 552
-
total
5 131
-
9 642
-
Corporate
17 774
38 000
-
-
income
3 377
7 220
-
-
total
3 377
7 220
-
-
Dividends
14 397
30 780
-
-
withholding
2 160
4 617
-
-
total
2 160
4 617
-
-
Income
38 000
38 000
38 000
38 000
Total tax
15 498
11 837
18 716
19 492
After tax
22 502
26 163
19 284
18 508
Living cost
10 264
10 264
10 264
10 264
Free-cash
12 238
15 899
9 020
8 244

Estimated living cost  is ₴10264 per week

₴7129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴2154
-₴165
₴1741
-₴65
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
municipal
-
-
-
226
regional
-
-
-
411
national
-
-
-
7 727
social contributions
-
-
-
9 774
total
-
-
-
18 138
Employee
38 166
-
38 000
-
social contributions
12 869
-
12 813
-
regional
360
-
358
-
municipal
202
-
201
-
national
6 613
-
6 572
-
total
20 044
-
19 944
-
Employer
38 166
-
38 000
-
total
-
-
-
-
Corporate
-
38 000
-
-
nationa
-
9 120
-
-
municipal
-
1 482
-
-
total
-
10 602
-
-
Dividends
-
27 398
-
-
withholding
-
7 123
-
-
total
-
7 123
-
-
Income
38 000
38 000
38 000
38 000
Total tax
20 044
17 725
19 944
18 138
After tax
17 956
20 275
18 056
19 862
Living cost
18 121
18 121
18 121
18 121
Free-cash
-165
2 154
-65
1 741

Estimated living cost  is ₴18121 per week

₴12631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴14426
₴13090
₴10581
₴9852
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
6 791
pensions
-
-
-
7 600
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 698
surtax
-
-
-
756
total
-
-
-
17 943
Employee
14 201
-
31 393
-
other
-
-
-
-
health
363
-
800
-
surtax
46
-
672
-
income
2 380
-
6 313
-
pensions
947
-
2 094
-
unemployment
989
-
2 185
-
total
4 725
-
12 064
-
Employer
14 201
-
31 393
-
other
-
-
-
-
unemployment
450
-
995
-
pensions
1 893
-
4 185
-
health
646
-
1 428
-
total
2 989
-
6 608
-
Corporate
20 810
38 000
-
-
income
5 410
9 880
-
-
total
5 410
9 880
-
-
Dividends
15 399
28 120
-
-
withholding
2 310
4 218
-
-
total
2 310
4 218
-
-
Income
38 000
38 000
38 000
38 000
Total tax
15 434
14 098
18 672
17 943
After tax
22 566
23 902
19 328
20 057
Living cost
9 476
9 476
9 476
9 476
Free-cash
13 090
14 426
9 852
10 581

Estimated living cost  is ₴9476 per week

₴5794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴8723
₴5321
₴8492
₴4220
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
7 060
pensions
-
-
-
2 699
total
-
-
-
9 759
Employee
27 410
-
33 548
-
health
398
-
524
-
income
4 937
-
5 992
-
pensions
2 326
-
3 063
-
total
7 661
-
9 579
-
Employer
27 410
-
33 548
-
pensions
2 967
-
3 814
-
health
521
-
638
-
total
3 488
-
4 452
-
Corporate
7 103
38 000
-
-
income

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

1 350
7 220
-
-
total
1 350
7 220
-
-
Dividends
5 753
30 780
-
-
withholding
431
2 308
-
-
total
431
2 308
-
-
Income
38 000
38 000
38 000
38 000
Total tax
12 930
9 528
14 031
9 759
After tax
25 070
28 472
23 969
28 241
Living cost
19 749
19 749
19 749
19 749
Free-cash
5 321
8 723
4 220
8 492

Estimated living cost  is ₴19749 per week

₴14795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴15421
-₴4037
-₴929
-₴2879
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
city
-
-
-
400
pensions
-
-
-
3 497
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.

-
-
-
760
regional
-
-
-
1 196
health
-
-
-
107
national
-
-
-
172
total
-
-
-
6 132
Employee
38 381
-
34 012
-
city
412
-
366
-
regional
1 257
-
1 020
-
health
87
-
77
-
pensions
3 224
-
2 857
-
unemployment
-
-
-
-
national
182
-
147
-
total
5 162
-
4 467
-
Employer
38 381
-
34 012
-
other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

767
-
681
-
unemployment
-
-
-
-
pensions
3 224
-
2 857
-
health
87
-
77
-
total
4 078
-
3 615
-
Corporate
-
38 000
-
-
regional
-
8 037
-
-
national
-
3 230
-
-
total
-
11 267
-
-
Dividends
-
26 733
-
-
withholding
-
9 357
-
-
total
-
9 357
-
-
Income
38 000
38 000
38 000
38 000
Total tax
9 240
20 624
8 082
6 132
After tax
28 760
17 376
29 918
31 868
Living cost
32 797
32 797
32 797
32 797
Free-cash
-4 037
-15 421
-2 879
-929

Estimated living cost  is ₴32797 per week

₴21327
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
-₴838
₴6128
₴4831
₴7924
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 000
trade
-
-
-
3 093
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.

-
-
-
7 079
health

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

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

-
-
-
2 934
surtax

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

-
-
-
390
total
-
-
-
13 496
Employee

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

25 808
-
38 000
-
health

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

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

2 934
-
2 934
-
surtax

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

167
-
390
-
income

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

3 035
-
7 079
-
total
6 136
-
10 403
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
12 192
38 000
-
-
surtax

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

100
314
-
-
income
1 829
5 700
-
-
trade
2 091
6 517
-
-
chamber of commerce
82
119
-
-
total
4 102
12 650
-
-
Dividends
8 089
25 351
-
-
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
340
-
-
withholding
1 859
6 175
-
-
total
1 961
6 515
-
-
Income
38 000
38 000
38 000
38 000
Total tax
12 199
19 165
10 403
13 496
After tax
25 801
18 835
27 597
24 504
Living cost
19 673
19 673
19 673
19 673
Free-cash
6 128
-838
7 924
4 831

Estimated living cost  is ₴19673 per week

₴14368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
₴4460
₴6998
₴7331
₴7282
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
2 920
pensions
-
-
-
10 364
other
-
-
-
1 179
health
-
-
-
431
surtax
-
-
-
-
social contributions
-
-
-
1 083
total
-
-
-
15 977
Employee
18 379
-
28 957
-
social contributions
524
-
826
-
surtax
-
-
-
-
income
1 085
-
2 881
-
pensions
2 078
-
3 275
-
total
3 687
-
6 982
-
Employer
18 379
-
28 957
-
other
634
-
999
-
social contributions
55
-
87
-
unemployment
744
-
1 173
-
pensions
3 019
-
4 758
-
health
1 287
-
2 027
-
total
5 739
-
9 044
-
Corporate
13 881
38 000
-
-
surtax
-
-
-
-
income
3 886
10 640
-
-
total
3 886
10 640
-
-
Dividends
9 995
27 360
-
-
surtax
-
-
-
-
social contributions
1 719
4 706
-
-
withholding
1 279
3 502
-
-
total
2 998
8 208
-
-
Income
38 000
38 000
38 000
38 000
Total tax
16 310
18 848
16 026
15 977
After tax
21 690
19 152
21 974
22 023
Living cost
14 692
14 692
14 692
14 692
Free-cash
6 998
4 460
7 282
7 331

Estimated living cost  is ₴14692 per week

₴9264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴5915
₴8300
₴8786
₴8737
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
2 920
pensions
-
-
-
10 364
other
-
-
-
1 179
health
-
-
-
431
surtax
-
-
-
-
social contributions
-
-
-
1 083
total
-
-
-
15 977
Employee
16 406
-
28 957
-
social contributions
468
-
826
-
surtax
-
-
-
-
income
846
-
2 881
-
pensions
1 856
-
3 275
-
total
3 170
-
6 982
-
Employer
16 406
-
28 957
-
other
566
-
999
-
social contributions
49
-
87
-
unemployment
664
-
1 173
-
pensions
2 696
-
4 758
-
health
1 148
-
2 027
-
total
5 123
-
9 044
-
Corporate
16 470
38 000
-
-
surtax
-
-
-
-
income
4 612
10 640
-
-
total
4 612
10 640
-
-
Dividends
11 859
27 360
-
-
surtax
-
-
-
-
social contributions
2 040
4 706
-
-
withholding
1 518
3 502
-
-
total
3 558
8 208
-
-
Income
38 000
38 000
38 000
38 000
Total tax
16 463
18 848
16 026
15 977
After tax
21 537
19 152
21 974
22 023
Living cost
13 237
13 237
13 237
13 237
Free-cash
8 300
5 915
8 737
8 786

Estimated living cost  is ₴13237 per week

₴7677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴14077
₴14300
₴15297
₴15619
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
5 700
health
-
-
-
2 653
social contributions
-
-
-
5 244
total
-
-
-
13 597
Employee
14 560
-
38 000
-
social contributions
2 010
-
5 244
-
health
1 016
-
2 653
-
income
2 429
-
5 378
-
total
5 455
-
13 275
-
Employer
14 560
-
38 000
-
total
-
-
-
-
Corporate
23 440
38 000
-
-
income

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

1 172
1 900
-
-
total
1 172
1 900
-
-
Dividends
22 268
36 100
-
-
health
1 554
2 520
-
-
social contributions
3 073
4 982
-
-
withholding
3 340
5 415
-
-
total
7 967
12 917
-
-
Income
38 000
38 000
38 000
38 000
Total tax
14 594
14 817
13 275
13 597
After tax
23 406
23 183
24 725
24 403
Living cost
9 106
9 106
9 106
9 106
Free-cash
14 300
14 077
15 619
15 297

Estimated living cost  is ₴9106 per week

₴6094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴6256
₴5589
₴4514
-₴2704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
chamber of commerce
-
-
-
152
income
-
-
-
5 546
pensions
-
-
-
7 030
unemployment
-
-
-
2 634
health
-
-
-
2 907
surtax
-
-
-
85
total
-
-
-
18 354
Employee
21 461
17 114
29 441
-
other
214
171
294
-
health
830
663
1 139
-
income
2 443
1 262
4 731
-
pensions
2 198
1 752
3 014
-
unemployment
644
513
883
-
total
6 329
4 361
10 061
-
Employer
21 461
17 114
29 441
-
accident
279
222
383
-
other
1 019
812
1 398
-
chamber of commerce
86
68
118
-
unemployment
644
513
883
-
surtax
85
85
85
-
pensions
2 693
2 148
3 695
-
payroll
644
513
883
-
health
811
647
1 113
-
total
6 261
5 008
8 558
-
Corporate
10 278
15 876
27 811
-
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.

2 569
3 969
6 953
-
total
2 569
3 969
6 953
-
Dividends
7 709
11 907
-
-
withholding
2 120
3 274
-
-
total
2 120
3 274
-
-
Income
38 000
38 000
38 000
38 000
Total tax
17 279
16 612
25 572
18 354
After tax
20 721
21 388
12 428
19 646
Living cost
15 132
15 132
15 132
15 132
Free-cash
5 589
6 256
-2 704
4 514

Estimated living cost  is ₴15132 per week

₴10092
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₴5672
-₴1659
₴2761
-₴548
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
national
-
-
-
11 980
communal

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

-
-
-
1 940
social contributions
-
-
-
5 661
total
-
-
-
19 581
Employee

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

30 718
-
29 433
-
communal

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

1 602
-
1 535
-
health

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

1 443
-
1 383
-
pensions

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

2 304
-
2 208
-
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
-
256
-
national
9 444
-
8 941
-
total
15 060
-
14 323
-
Employer

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

30 718
-
29 433
-
accident

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

399
-
382
-
unemployment

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

448
-
429
-
surtax
3 483
-
3 338
-
pensions

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

2 722
-
2 608
-
health

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

1 889
-
1 810
-
total
8 941
-
8 567
-
Corporate
-
38 000
-
-
surtax
-
152
-
-
income
-
7 600
-
-
total
-
7 752
-
-
Dividends
-
30 248
-
-
withholding

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

-
8 918
-
-
total
-
8 918
-
-
Income
38 000
38 000
38 000
38 000
Total tax
24 001
16 670
22 890
19 581
After tax
13 999
21 330
15 110
18 419
Living cost
15 658
15 658
15 658
15 658
Free-cash
-1 659
5 672
-548
2 761

Estimated living cost  is ₴15658 per week

₴10086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴10106
₴6684
₴4606
₴4874
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
accident
-
-
-
342
income
-
-
-
6 485
pensions
-
-
-
10 754
other
-
-
-
38
unemployment
-
-
-
266
total
-
-
-
17 885
Employee
21 376
-
28 814
-
other
21
-
29
-
income
4 510
-
6 601
-
pensions
1 005
-
1 354
-
unemployment
332
-
447
-
total
5 868
-
8 431
-
Employer
21 376
-
28 814
-
accident
423
-
570
-
other
170
-
231
-
unemployment
1 176
-
1 585
-
pensions
5 044
-
6 800
-
total
6 813
-
9 186
-
Corporate
9 810
38 000
-
-
income

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

1 472
5 700
-
-
total
1 472
5 700
-
-
Dividends
8 338
32 300
-
-
withholding
1 654
6 685
-
-
total
1 654
6 685
-
-
Income
38 000
38 000
38 000
38 000
Total tax
15 807
12 385
17 617
17 885
After tax
22 193
25 615
20 383
20 115
Living cost
15 509
15 509
15 509
15 509
Free-cash
6 684
10 106
4 874
4 606

Estimated living cost  is ₴15509 per week

₴11421
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴59
-₴2633
-₴1033
₴806
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
accident
-
-
-
320
income
-
-
-
2 724
pensions
-
-
-
5 696
health
-
-
-
2 670
surtax
-
-
-
1 884
communal
-
-
-
2 402
total
-
-
-
15 696
Employee
32 521
-
33 944
-
health
1 447
-
1 510
-
surtax
1 993
-
2 081
-
income
3 141
-
3 495
-
pensions
2 601
-
2 715
-
total
9 182
-
9 801
-
Employer
32 521
-
33 944
-
accident
293
-
306
-
pensions
2 601
-
2 715
-
health
992
-
1 035
-
total
3 886
-
4 056
-
Corporate
1 594
38 000
-
-
surtax
17
399
-
-
communal
-
2 565
-
-
income
239
5 700
-
-
total
256
8 664
-
-
Dividends
1 338
29 336
-
-
income
3 772
1 539
-
-
withholding
200
4 401
-
-
total
3 972
5 940
-
-
Income
38 000
38 000
38 000
38 000
Total tax
17 296
14 604
13 857
15 696
After tax
20 704
23 396
24 143
22 304
Living cost
23 337
23 337
23 337
23 337
Free-cash
-2 633
59
806
-1 033

Estimated living cost  is ₴23337 per week

₴17506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴14256
₴12892
₴10411
₴9682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
6 791
pensions
-
-
-
7 600
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 698
surtax
-
-
-
756
total
-
-
-
17 943
Employee
14 462
-
31 393
-
other
-
-
-
-
health
369
-
800
-
surtax
51
-
672
-
income
2 424
-
6 313
-
pensions
965
-
2 094
-
unemployment
1 006
-
2 185
-
total
4 815
-
12 064
-
Employer
14 462
-
31 393
-
other
-
-
-
-
unemployment
459
-
995
-
pensions
1 928
-
4 185
-
health
658
-
1 428
-
total
3 045
-
6 608
-
Corporate
20 494
38 000
-
-
income
5 328
9 880
-
-
total
5 328
9 880
-
-
Dividends
15 165
28 120
-
-
withholding
2 274
4 218
-
-
total
2 274
4 218
-
-
Income
38 000
38 000
38 000
38 000
Total tax
15 462
14 098
18 672
17 943
After tax
22 538
23 902
19 328
20 057
Living cost
9 646
9 646
9 646
9 646
Free-cash
12 892
14 256
9 682
10 411

Estimated living cost  is ₴9646 per week

₴5824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴8406
₴7452
₴8132
₴6335
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
municipal
-
-
-
226
regional
-
-
-
573
national
-
-
-
7 727
social contributions
-
-
-
9 774
total
-
-
-
18 300
Employee
23 821
-
38 000
-
social contributions
8 033
-
12 813
-
regional
321
-
511
-
municipal
126
-
201
-
national
3 774
-
6 572
-
total
12 254
-
20 097
-
Employer
23 821
-
38 000
-
total
-
-
-
-
Corporate
14 179
38 000
-
-
nationa
3 403
9 120
-
-
municipal
705
1 888
-
-
total
4 108
11 008
-
-
Dividends
10 070
26 992
-
-
withholding
2 618
7 018
-
-
total
2 618
7 018
-
-
Income
38 000
38 000
38 000
38 000
Total tax
18 980
18 026
20 097
18 300
After tax
19 020
19 974
17 903
19 700
Living cost
11 568
11 568
11 568
11 568
Free-cash
7 452
8 406
6 335
8 132

Estimated living cost  is ₴11568 per week

₴7194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴13515
₴9002
₴5860
₴6636
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
3 266
health
-
-
-
5 130
solidarity contribution
-
-
-
-
social contributions
-
-
-
11 096
total
-
-
-
19 492
Employee
18 600
-
28 358
-
social contributions
1 209
-
1 843
-
health
2 511
-
3 828
-
solidarity contribution
-
-
-
-
income
2 232
-
3 403
-
total
5 952
-
9 074
-
Employer
18 600
-
28 358
-
social contributions
4 650
-
7 090
-
health
1 674
-
2 552
-
total
6 324
-
9 642
-
Corporate
13 076
38 000
-
-
income
2 485
7 220
-
-
total
2 485
7 220
-
-
Dividends
10 592
30 780
-
-
withholding
1 589
4 617
-
-
total
1 589
4 617
-
-
Income
38 000
38 000
38 000
38 000
Total tax
16 350
11 837
18 716
19 492
After tax
21 650
26 163
19 284
18 508
Living cost
12 648
12 648
12 648
12 648
Free-cash
9 002
13 515
6 636
5 860

Estimated living cost  is ₴12648 per week

₴9406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴7733
₴7519
₴6030
-₴1256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
chamber of commerce
-
-
-
152
income
-
-
-
5 546
pensions
-
-
-
7 030
unemployment
-
-
-
2 634
health
-
-
-
2 907
surtax
-
-
-
-
total
-
-
-
18 269
Employee
18 772
17 114
29 508
-
other
187
171
295
-
health
726
663
1 142
-
income
1 672
1 262
4 749
-
pensions
1 922
1 752
3 022
-
unemployment
563
513
885
-
total
5 070
4 361
10 093
-
Employer
18 772
17 114
29 508
-
accident
244
222
384
-
other
892
812
1 402
-
chamber of commerce
75
68
118
-
unemployment
563
513
885
-
surtax
-
-
-
-
pensions
2 356
2 148
3 703
-
payroll
563
513
885
-
health
710
647
1 116
-
total
5 403
4 923
8 493
-
Corporate
13 826
15 961
27 878
-
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.

3 456
3 990
6 969
-
total
3 456
3 990
6 969
-
Dividends
10 370
11 971
-
-
withholding
2 851
3 292
-
-
total
2 851
3 292
-
-
Income
38 000
38 000
38 000
38 000
Total tax
16 780
16 566
25 555
18 269
After tax
21 220
21 434
12 445
19 731
Living cost
13 701
13 701
13 701
13 701
Free-cash
7 519
7 733
-1 256
6 030

Estimated living cost  is ₴13701 per week

₴8219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴30001
₴28857
₴31521
₴24301
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
38 000
microenterprise

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

-
-
-
380
total
-
-
-
380
Employee
7 624
-
38 000
-
income
1 525
-
7 600
-
total
1 525
-
7 600
-
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%.

30 376
38 000
-
-
total
-
-
-
-
Dividends
30 376
38 000
-
-
withholding
1 519
1 900
-
-
total
1 519
1 900
-
-
Income
38 000
38 000
38 000
38 000
Total tax
3 044
1 900
7 600
380
After tax
34 956
36 100
30 400
37 620
Living cost
6 099
6 099
6 099
6 099
Free-cash
28 857
30 001
24 301
31 521

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴14645
₴11054
₴8359
₴7269
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 000
income
-
-
-
7 387
pensions
-
-
-
6 940
unemployment
-
-
-
57
health
-
-
-
3 739
total
-
-
-
18 123
Employee

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

18 990
-
32 881
-
health
1 226
-
2 124
-
income
3 275
-
6 826
-
pensions
2 944
-
5 097
-
unemployment
27
-
46
-
total
7 472
-
14 093
-
Employer

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

18 990
-
32 881
-
unemployment
11
-
20
-
pensions
1 680
-
2 910
-
health
1 265
-
2 190
-
total
2 956
-
5 120
-
Corporate
16 054
38 000
-
-
income
3 050
7 220
-
-
total
3 050
7 220
-
-
Dividends
13 003
30 780
-
-
withholding
1 950
4 617
-
-
total
1 950
4 617
-
-
Income
38 000
38 000
38 000
38 000
Total tax
15 428
11 837
19 213
18 123
After tax
22 572
26 163
18 787
19 877
Living cost
11 518
11 518
11 518
11 518
Free-cash
11 054
14 645
7 269
8 359

Estimated living cost  is ₴11518 per week

₴7905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴4567
-₴26108
₴7709
₴13792
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
7 407
social contributions
-
-
-
4 332
total
-
-
-
11 739
Employee
26 601
-
-
-
social contributions
2 181
-
311
-
income
5 868
-
-
-
total
8 049
-
311
-
Employer
26 601
-
-
-
social contributions
37 507
-
5 345
-
total
37 507
-
5 345
-
Corporate
-
38 000
-
-
income
-
8 360
-
-
total
-
8 360
-
-
Dividends
-
29 640
-
-
income
-
6 521
-
-
total
-
6 521
-
-
Income
38 000
38 000
38 000
38 000
Total tax
45 556
14 881
5 656
11 739
After tax
-7 556
23 119
32 344
26 261
Living cost
18 552
18 552
18 552
18 552
Free-cash
-26 108
4 567
13 792
7 709

Estimated living cost  is ₴18552 per week

₴12037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴8145
₴7712
₴7937
₴6199
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 000
income
-
-
-
3 388
surtax
-
-
-
-
social contributions

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

-
-
-
13 205
total
-
-
-
16 593
Employee
19 751
-
30 707
-
social contributions
2 173
-
3 378
-
surtax
-
-
-
-
income
4 108
-
7 660
-
total
6 281
-
11 038
-
Employer
19 751
-
30 707
-
social contributions
4 691
-
7 293
-
total
4 691
-
7 293
-
Corporate
13 559
38 000
-
-
surtax
-
-
-
-
income
2 847
7 980
-
-
total
2 847
7 980
-
-
Dividends
10 711
30 020
-
-
withholding
2 999
8 405
-
-
total
2 999
8 405
-
-
Income
38 000
38 000
38 000
38 000
Total tax
16 818
16 385
18 331
16 593
After tax
21 182
21 615
19 669
21 407
Living cost
13 470
13 470
13 470
13 470
Free-cash
7 712
8 145
6 199
7 937

Estimated living cost  is ₴13470 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-₴1589
₴1362
₴1282
₴1233
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
2 920
pensions
-
-
-
10 364
other
-
-
-
1 179
health
-
-
-
431
surtax
-
-
-
-
social contributions
-
-
-
1 083
total
-
-
-
15 977
Employee
26 896
-
28 957
-
social contributions
766
-
826
-
surtax
-
-
-
-
income
2 347
-
2 881
-
pensions
3 042
-
3 275
-
total
6 155
-
6 982
-
Employer
26 896
-
28 957
-
other
928
-
999
-
social contributions
81
-
87
-
unemployment
1 090
-
1 173
-
pensions
4 419
-
4 758
-
health
1 883
-
2 027
-
total
8 401
-
9 044
-
Corporate
2 703
38 000
-
-
surtax
-
-
-
-
income
757
10 640
-
-
total
757
10 640
-
-
Dividends
1 946
27 360
-
-
surtax
-
-
-
-
social contributions
335
4 706
-
-
withholding
249
3 502
-
-
total
584
8 208
-
-
Income
38 000
38 000
38 000
38 000
Total tax
15 897
18 848
16 026
15 977
After tax
22 103
19 152
21 974
22 023
Living cost
20 741
20 741
20 741
20 741
Free-cash
1 362
-1 589
1 233
1 282

Estimated living cost  is ₴20741 per week

₴14037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴21291
₴19849
₴16227
₴17293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
504
social contributions
-
-
-
8 360
total
-
-
-
8 864
Employee
13 806
-
32 900
-
income
-
-
560
-
social contributions
897
-
2 138
-
total
897
-
2 698
-
Employer
13 806
-
32 900
-
social contributions
2 140
-
5 100
-
total
2 140
-
5 100
-
Corporate
22 054
38 000
-
-
income
2 205
3 800
-
-
total
2 205
3 800
-
-
Dividends
19 849
34 200
-
-
total
-
-
-
-
Income
38 000
38 000
38 000
38 000
Total tax
5 242
3 800
7 798
8 864
After tax
32 758
34 200
30 202
29 136
Living cost
12 909
12 909
12 909
12 909
Free-cash
19 849
21 291
17 293
16 227

Estimated living cost  is ₴12909 per week

₴8347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3346
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴55558
-₴55558
₴3128
-₴55558
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
municipal
-
-
-
6 855
pensions
-
-
-
372
national
-
-
-
3 955
labour market
-
-
-
3 010
total
-
-
-
14 192
Employee
87 286
87 286
87 286
-
labour market
6 973
6 973
6 973
-
national
10 664
10 664
10 664
-
municipal
18 587
18 587
18 587
-
pensions
124
124
124
-
total
36 348
36 348
36 348
-
Employer
87 286
87 286
87 286
-
labour market
6 983
6 983
6 983
-
municipal
18 617
18 617
18 617
-
pensions
248
248
248
-
national
10 682
10 682
10 682
-
total
36 530
36 530
36 530
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 000
38 000
38 000
38 000
Total tax
72 878
72 878
72 878
14 192
After tax
-34 878
-34 878
-34 878
23 808
Living cost
20 680
20 680
20 680
20 680
Free-cash
-55 558
-55 558
-55 558
3 128

Estimated living cost  is ₴20680 per week

₴14154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4379
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴6163
₴1660
₴16869
₴10096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
accident
-
-
-
108
income
-
-
-
8 920
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
11 890
Employee
14 536
-
31 985
-
health
1 665
-
3 662
-
income
1 994
-
5 733
-
pensions
1 637
-
3 253
-
total
5 296
-
12 648
-
Employer
14 536
-
31 985
-
accident
243
-
534
-
unemployment
356
-
784
-
pensions
2 364
-
4 697
-
total
2 963
-
6 015
-
Corporate
20 501
38 000
-
-
income

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

18 451
34 200
-
-
total
18 451
34 200
-
-
Dividends
2 050
3 800
-
-
withholding
389
722
-
-
total
389
722
-
-
Income
38 000
38 000
38 000
38 000
Total tax
27 099
34 922
18 663
11 890
After tax
10 901
3 078
19 337
26 110
Living cost
9 241
9 241
9 241
9 241
Free-cash
1 660
-6 163
10 096
16 869

Estimated living cost  is ₴9241 per week

₴6726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Krakow model

Close
Helsinki , Finland
₴9157
₴7709
₴11050
₴5584
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
38 000
municipal
-
-
-
6 767
health
-
-
-
406
national
-
-
-
3 290
total
-
-
-
10 463
Employee
22 594
-
31 968
-
health
169
-
313
-
municipal
3 701
-
5 223
-
pensions
1 525
-
2 158
-
unemployment
339
-
479
-
national
373
-
1 724
-
total
6 107
-
9 897
-
Employer
22 594
-
31 968
-
accident
23
-
32
-
unemployment
147
-
208
-
pensions
3 920
-
5 546
-
health
174
-
246
-
total
4 264
-
6 032
-
Corporate
11 144
38 000
-
-
income
2 229
7 600
-
-
total
2 229
7 600
-
-
Dividends

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

6 686
22 800
-
-
national
-
652
-
-
municipal
1 204
4 104
-
-
total
1 204
4 756
-
-
Income
38 000
38 000
38 000
38 000
Total tax
13 804
12 356
15 929
10 463
After tax
24 196
25 644
22 071
27 537
Living cost
16 487
16 487
16 487
16 487
Free-cash
7 709
9 157
5 584
11 050

Estimated living cost  is ₴16487 per week

₴10769
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴17901
₴15565
₴17688
₴17649
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
3 472
health
-
-
-
969
social contributions
-
-
-
5 928
total
-
-
-
10 369
Employee
33 022
33 022
34 498
-
social contributions
1 248
2 741
2 864
-
health
256
561
587
-
income
3 595
3 057
3 455
-
total
5 099
6 359
6 906
-
Employer
33 022
33 022
34 498
-
social contributions
1 248
2 741
2 864
-
health
278
611
638
-
total
1 526
3 352
3 502
-
Corporate
21 431
1 627
-
-
income
2 679
203
-
-
total
2 679
203
-
-
Dividends
18 752
1 424
-
-
withholding
3 188
242
-
-
total
3 188
242
-
-
Income
38 000
38 000
38 000
38 000
Total tax
12 492
10 156
10 408
10 369
After tax
25 508
27 844
27 592
27 631
Living cost
9 943
9 943
9 943
9 943
Free-cash
15 565
17 901
17 649
17 688

Estimated living cost  is ₴9943 per week

₴5959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴24650
₴22464
₴23328
₴16637
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
38 000
income
-
-
-
3 556
pensions
-
-
-
2 732
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
7 854
Employee

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

9 857
-
34 452
-
health
838
-
2 928
-
income
674
-
2 728
-
pensions
1 478
-
5 168
-
unemployment
49
-
172
-
total
3 039
-
10 996
-
Employer

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

9 857
-
34 452
-
unemployment
49
-
172
-
pensions
542
-
1 895
-
health
424
-
1 482
-
total
1 015
-
3 549
-
Corporate
27 128
38 000
-
-
income
2 442
3 420
-
-
total
2 442
3 420
-
-
Dividends
24 687
34 580
-
-
withholding
2 222
3 112
-
-
total
2 222
3 112
-
-
Income
38 000
38 000
38 000
38 000
Total tax
8 718
6 532
14 545
7 854
After tax
29 282
31 468
23 455
30 146
Living cost
6 818
6 818
6 818
6 818
Free-cash
22 464
24 650
16 637
23 328

Estimated living cost  is ₴6818 per week

₴4350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴13806
₴11554
₴8306
₴8574
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
accident
-
-
-
342
income
-
-
-
6 485
pensions
-
-
-
10 754
other
-
-
-
38
unemployment
-
-
-
266
total
-
-
-
17 885
Employee
15 879
-
28 814
-
other
15
-
29
-
income
3 061
-
6 601
-
pensions
746
-
1 354
-
unemployment
246
-
447
-
total
4 068
-
8 431
-
Employer
15 879
-
28 814
-
accident
315
-
570
-
other
127
-
231
-
unemployment
874
-
1 585
-
pensions
3 747
-
6 800
-
total
5 063
-
9 186
-
Corporate
17 059
38 000
-
-
income

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

2 559
5 700
-
-
total
2 559
5 700
-
-
Dividends
14 500
32 300
-
-
withholding
2 947
6 685
-
-
total
2 947
6 685
-
-
Income
38 000
38 000
38 000
38 000
Total tax
14 637
12 385
17 617
17 885
After tax
23 363
25 615
20 383
20 115
Living cost
11 809
11 809
11 809
11 809
Free-cash
11 554
13 806
8 574
8 306

Estimated living cost  is ₴11809 per week

₴7971
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴22537
₴22343
₴22835
₴22751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
12 511
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
13 990
Employee
1 790
-
37 036
-
health
90
-
214
-
income
346
-
12 466
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
13 109
-
Employer
1 790
-
37 036
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
35 807
38 000
-
-
income
7 878
8 360
-
-
total
7 878
8 360
-
-
Dividends
27 929
29 640
-
-
withholding
5 586
5 928
-
-
total
5 586
5 928
-
-
Income
38 000
38 000
38 000
38 000
Total tax
14 482
14 288
14 074
13 990
After tax
23 518
23 712
23 926
24 010
Living cost
1 175
1 175
1 175
1 175
Free-cash
22 343
22 537
22 751
22 835

Estimated living cost  is ₴1175 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴20035
₴17925
₴12089
₴12089
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 000
income
-
-
-
6 505
pensions
-
-
-
8 244
unemployment
-
-
-
476
health
-
-
-
3 266
total
-
-
-
18 491
Employee

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

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

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

11 188
-
32 325
-
health
576
-
1 633
-
income
1 542
-
6 505
-
pensions
1 566
-
4 439
-
unemployment
84
-
238
-
total
3 768
-
12 815
-
Employer

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

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

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

11 188
-
32 325
-
unemployment
84
-
238
-
pensions
1 343
-
3 805
-
health
576
-
1 633
-
total
2 003
-
5 676
-
Corporate
24 809
38 000
-
-
income
3 721
5 700
-
-
total
3 721
5 700
-
-
Dividends
21 088
32 300
-
-
withholding
3 163
4 845
-
-
total
3 163
4 845
-
-
Income
38 000
38 000
38 000
38 000
Total tax
12 655
10 545
18 491
18 491
After tax
25 345
27 455
19 509
19 509
Living cost
7 420
7 420
7 420
7 420
Free-cash
17 925
20 035
12 089
12 089

Estimated living cost  is ₴7420 per week

₴4996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴10038
₴9883
₴9830
₴8092
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 000
income
-
-
-
3 388
surtax
-
-
-
-
social contributions

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

-
-
-
13 205
total
-
-
-
16 593
Employee
16 667
-
30 707
-
social contributions
1 834
-
3 378
-
surtax
-
-
-
-
income
3 257
-
7 660
-
total
5 091
-
11 038
-
Employer
16 667
-
30 707
-
social contributions
3 958
-
7 293
-
total
3 958
-
7 293
-
Corporate
17 374
38 000
-
-
surtax
-
-
-
-
income
3 648
7 980
-
-
total
3 648
7 980
-
-
Dividends
13 726
30 020
-
-
withholding
3 843
8 405
-
-
total
3 843
8 405
-
-
Income
38 000
38 000
38 000
38 000
Total tax
16 540
16 385
18 331
16 593
After tax
21 460
21 615
19 669
21 407
Living cost
11 577
11 577
11 577
11 577
Free-cash
9 883
10 038
8 092
9 830

Estimated living cost  is ₴11577 per week

₴8200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴10523
₴7247
₴5023
₴5291
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
accident
-
-
-
342
income
-
-
-
6 485
pensions
-
-
-
10 754
other
-
-
-
38
unemployment
-
-
-
266
total
-
-
-
17 885
Employee
20 740
-
28 814
-
other
20
-
29
-
income
4 332
-
6 601
-
pensions
975
-
1 354
-
unemployment
321
-
447
-
total
5 648
-
8 431
-
Employer
20 740
-
28 814
-
accident
411
-
570
-
other
166
-
231
-
unemployment
1 141
-
1 585
-
pensions
4 895
-
6 800
-
total
6 613
-
9 186
-
Corporate
10 648
38 000
-
-
income

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

1 597
5 700
-
-
total
1 597
5 700
-
-
Dividends
9 051
32 300
-
-
withholding
1 803
6 685
-
-
total
1 803
6 685
-
-
Income
38 000
38 000
38 000
38 000
Total tax
15 661
12 385
17 617
17 885
After tax
22 339
25 615
20 383
20 115
Living cost
15 092
15 092
15 092
15 092
Free-cash
7 247
10 523
5 291
5 023

Estimated living cost  is ₴15092 per week

₴10839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴25104
₴22487
₴20909
₴21993
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
5 700
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
9 705
Employee
9 780
-
35 058
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
978
-
3 506
-
pensions

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

859
-
1 317
-
total
2 394
-
5 678
-
Employer
9 780
-
35 058
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 653
-
health
675
-
1 035
-
total
1 919
-
2 943
-
Corporate
26 301
38 000
-
-
income
2 630
3 800
-
-
total
2 630
3 800
-
-
Dividends
23 671
34 200
-
-
withholding
1 184
1 710
-
-
total
1 184
1 710
-
-
Income
38 000
38 000
38 000
38 000
Total tax
8 127
5 510
8 621
9 705
After tax
29 873
32 490
29 379
28 295
Living cost
7 386
7 386
7 386
7 386
Free-cash
22 487
25 104
21 993
20 909

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴3039
₴8657
₴8430
₴11018
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 000
trade
-
-
-
2 588
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.

-
-
-
7 079
health

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

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

-
-
-
2 934
surtax

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

-
-
-
390
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.

21 367
-
38 000
-
health

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

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

2 934
-
2 934
-
surtax

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

97
-
390
-
income

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

1 757
-
7 079
-
total
4 788
-
10 403
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 633
38 000
-
-
surtax

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

137
314
-
-
income
2 495
5 700
-
-
trade
2 387
5 453
-
-
chamber of commerce
90
121
-
-
total
5 109
11 588
-
-
Dividends
11 524
26 413
-
-
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.

149
354
-
-
withholding
2 718
6 440
-
-
total
2 867
6 794
-
-
Income
38 000
38 000
38 000
38 000
Total tax
12 764
18 382
10 403
12 991
After tax
25 236
19 618
27 597
25 009
Living cost
16 579
16 579
16 579
16 579
Free-cash
8 657
3 039
11 018
8 430

Estimated living cost  is ₴16579 per week

₴11437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₴2137
₴3084
₴2160
₴2160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
8 102
social contributions
-
-
-
3 275
total
-
-
-
11 377
Employee
33 591
-
38 000
-
income
6 339
-
8 102
-
social contributions
2 791
-
3 275
-
total
9 130
-
11 377
-
Employer
33 591
-
38 000
-
total
-
-
-
-
Corporate
4 409
38 000
-
-
income
551
4 750
-
-
total
551
4 750
-
-
Dividends
3 858
33 250
-
-
withholding
772
6 650
-
-
total
772
6 650
-
-
Income
38 000
38 000
38 000
38 000
Total tax
10 453
11 400
11 377
11 377
After tax
27 547
26 600
26 623
26 623
Living cost
24 463
24 463
24 463
24 463
Free-cash
3 084
2 137
2 160
2 160

Estimated living cost  is ₴24463 per week

₴18611
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₴6842
₴9019
₴7309
₴12243
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 000
income
-
-
-
12 224
health

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

-
-
-
2 878
total
-
-
-
15 102
Employee
19 700
-
36 025
-
income
2 138
-
6 218
-
social contributions
1 974
-
1 975
-
total
4 112
-
8 193
-
Employer
19 700
-
36 025
-
social contributions
1 974
-
1 975
-
total
1 974
-
1 975
-
Corporate
16 326
38 000
-
-
income
5 714
13 300
-
-
total
5 714
13 300
-
-
Dividends
10 612
24 700
-
-
social contributions
1 592
2 269
-
-
total
1 592
2 269
-
-
Income
38 000
38 000
38 000
38 000
Total tax
13 392
15 569
10 168
15 102
After tax
24 608
22 431
27 832
22 898
Living cost
15 589
15 589
15 589
15 589
Free-cash
9 019
6 842
12 243
7 309

Estimated living cost  is ₴15589 per week

₴10268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴12417
₴9978
₴12186
₴7914
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
income
-
-
-
7 060
pensions
-
-
-
2 699
total
-
-
-
9 759
Employee
22 038
-
33 548
-
health
287
-
524
-
income
4 013
-
5 992
-
pensions
1 682
-
3 063
-
total
5 982
-
9 579
-
Employer
22 038
-
33 548
-
pensions
2 227
-
3 814
-
health
419
-
638
-
total
2 646
-
4 452
-
Corporate
13 317
38 000
-
-
income

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

2 530
7 220
-
-
total
2 530
7 220
-
-
Dividends
10 787
30 780
-
-
withholding
809
2 308
-
-
total
809
2 308
-
-
Income
38 000
38 000
38 000
38 000
Total tax
11 967
9 528
14 031
9 759
After tax
26 033
28 472
23 969
28 241
Living cost
16 055
16 055
16 055
16 055
Free-cash
9 978
12 417
7 914
12 186

Estimated living cost  is ₴16055 per week

₴11014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴7078
₴1520
₴15954
₴9181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
accident
-
-
-
108
income
-
-
-
8 920
pensions
-
-
-
1 774
other
-
-
-
158
health
-
-
-
930
total
-
-
-
11 890
Employee
15 975
-
31 985
-
health
1 829
-
3 662
-
income
2 192
-
5 733
-
pensions
1 799
-
3 253
-
total
5 820
-
12 648
-
Employer
15 975
-
31 985
-
accident
267
-
534
-
unemployment
391
-
784
-
pensions
2 597
-
4 697
-
total
3 255
-
6 015
-
Corporate
18 769
38 000
-
-
income

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

16 892
34 200
-
-
total
16 892
34 200
-
-
Dividends
1 877
3 800
-
-
withholding
357
722
-
-
total
357
722
-
-
Income
38 000
38 000
38 000
38 000
Total tax
26 324
34 922
18 663
11 890
After tax
11 676
3 078
19 337
26 110
Living cost
10 156
10 156
10 156
10 156
Free-cash
1 520
-7 078
9 181
15 954

Estimated living cost  is ₴10156 per week

₴7453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
₴26513
₴24430
₴16064
₴17094
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 000
work injury
-
-
-
190
health insurance
-
-
-
2 812
income
-
-
-
5 699
pensions
-
-
-
6 992
unemployment
-
-
-
456
total
-
-
-
16 149
Employee

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

9 259
-
38 000
-
work injury
46
-
171
-
income
926
-
5 699
-
pensions
1 704
-
6 303
-
health insurance
685
-
2 535
-
unemployment
111
-
411
-
total
3 472
-
15 119
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 741
38 000
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
28 741
38 000
-
-
withholding
4 311
5 700
-
-
total
4 311
5 700
-
-
Income
38 000
38 000
38 000
38 000
Total tax
7 783
5 700
15 119
16 149
After tax
30 217
32 300
22 881
21 851
Living cost
5 787
5 787
5 787
5 787
Free-cash
24 430
26 513
17 094
16 064

Estimated living cost  is ₴5787 per week

₴3585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₴2907
₴955
₴2424
₴686
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 000
municipal
-
-
-
254
regional
-
-
-
713
national
-
-
-
7 727
social contributions
-
-
-
9 774
total
-
-
-
18 468
Employee
36 187
-
38 000
-
social contributions
12 202
-
12 813
-
regional
546
-
594
-
municipal
216
-
227
-
national
6 115
-
6 572
-
total
19 079
-
20 206
-
Employer
36 187
-
38 000
-
total
-
-
-
-
Corporate
1 813
38 000
-
-
nationa
435
9 120
-
-
municipal
87
1 832
-
-
total
522
10 952
-
-
Dividends
1 291
27 048
-
-
withholding
336
7 033
-
-
total
336
7 033
-
-
Income
38 000
38 000
38 000
38 000
Total tax
19 937
17 985
20 206
18 468
After tax
18 063
20 015
17 794
19 532
Living cost
17 108
17 108
17 108
17 108
Free-cash
955
2 907
686
2 424

Estimated living cost  is ₴17108 per week

₴12017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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