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
₴ 38500
per

Your estimated
City
free-cash

Dresden , Germany
₴4546
₴13515
₴11066
₴10007
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 500
income

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

-
-
-
6 313
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.

-
-
-
348
health

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

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

-
-
-
3 372
trade
-
-
-
2 449
total
-
-
-
12 482
Employee

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

18 881
-
38 500
-
surtax

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

29
-
348
-
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.

527
-
6 313
-
health

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

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

3 372
-
3 372
-
total
3 928
-
10 033
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
19 619
38 500
-
-
income
2 942
5 775
-
-
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.

162
318
-
-
chamber of commerce
103
130
-
-
trade
3 090
6 064
-
-
total
6 297
12 287
-
-
Dividends
13 322
26 213
-
-
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.

173
350
-
-
withholding
3 143
6 365
-
-
total
3 316
6 715
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 541
19 002
10 033
12 482
After tax
24 959
19 498
28 467
26 018
Living cost
14 952
14 952
14 952
14 952
Free-cash
10 007
4 546
13 515
11 066

Estimated living cost  is ₴14952 per week

₴9405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2191
-₴2250
-₴2552
-₴5827
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
social contributions
-
-
-
414
municipal
-
-
-
3 845
national
-
-
-
5 958
pensions
-
-
-
4 620
total
-
-
-
14 837
Employee
40 639
-
33 283
-
municipal
5 020
-
3 994
-
pensions
1 626
-
1 331
-
national
7 778
-
6 189
-
total
14 424
-
11 514
-
Employer
40 639
-
33 283
-
pensions
3 251
-
2 663
-
social contributions
437
-
358
-
total
3 688
-
3 021
-
Corporate
-
38 500
-
-
income

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

-
7 700
-
-
total
-
7 700
-
-
Dividends
-
30 800
-
-
withholding
-
6 776
-
-
total
-
6 776
-
-
Income
38 500
38 500
38 500
38 500
Total tax
18 112
14 476
14 535
14 837
After tax
20 388
24 024
23 965
23 663
Living cost
26 215
26 215
26 215
26 215
Free-cash
-5 827
-2 191
-2 250
-2 552

Estimated living cost  is ₴26215 per week

₴17818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20530
₴11554
₴10406
₴16480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 500
income
-
-
-
5 446
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.

-
-
-
12 378
microenterprise
-
-
-
-
total
-
-
-
17 824
Employee
14 425
-
31 025
-
surtax
-
-
-
-
social contributions

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

1 587
-
3 413
-
income
2 568
-
5 789
-
total
4 155
-
9 202
-
Employer
14 425
-
31 025
-
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.

3 475
-
7 474
-
surtax
-
-
-
-
total
3 475
-
7 474
-
Corporate
20 601
38 500
-
-
income

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

4 120
7 700
-
-
total
4 120
7 700
-
-
Dividends

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

16 481
30 800
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
11 750
7 700
16 676
17 824
After tax
26 750
30 800
21 824
20 676
Living cost
10 270
10 270
10 270
10 270
Free-cash
16 480
20 530
11 554
10 406

Estimated living cost  is ₴10270 per week

₴6552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7750
-₴10520
₴1233
-₴10520
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
5 507
health
-
-
-
5 296
pensions
-
-
-
5 784
total
-
-
-
16 587
Employee
42 155
42 155
42 155
-
pensions
7 588
5 784
7 588
-
income

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

6 900
6 900
6 900
-
health
6 470
5 504
6 470
-
total
20 958
18 188
20 958
-
Employer
42 155
42 155
42 155
-
health
2 930
2 930
2 930
-
pensions
2 934
2 934
2 934
-
unemployment
1 518
1 518
1 518
-
total
7 382
7 382
7 382
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
28 340
25 570
28 340
16 587
After tax
10 160
12 930
10 160
21 913
Living cost
20 680
20 680
20 680
20 680
Free-cash
-10 520
-7 750
-10 520
1 233

Estimated living cost  is ₴20680 per week

₴14655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴796
₴334
-₴1033
₴341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
accident
-
-
-
77
other
-
-
-
4 474
unemployment
-
-
-
38
health
-
-
-
2 402
municipal
-
-
-
8 155
national
-
-
-
-
pensions
-
-
-
4 162
total
-
-
-
19 308
Employee
28 819
-
29 295
-
municipal
8 594
-
8 736
-
national
-
-
-
-
total
8 594
-
8 736
-
Employer
28 819
-
29 295
-
health
1 772
-
1 802
-
pensions
3 115
-
3 167
-
accident
58
-
59
-
unemployment
761
-
773
-
other
3 349
-
3 404
-
total
9 055
-
9 205
-
Corporate
626
38 500
-
-
income
138
8 470
-
-
total
138
8 470
-
-
Dividends
489
30 030
-
-
withholding
147
9 009
-
-
total
147
9 009
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 934
17 479
17 941
19 308
After tax
20 566
21 021
20 559
19 192
Living cost
20 225
20 225
20 225
20 225
Free-cash
341
796
334
-1 033

Estimated living cost  is ₴20225 per week

₴13404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4529
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴94
₴9074
₴6517
₴6844
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 500
income

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

-
-
-
6 313
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.

-
-
-
348
health

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

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

-
-
-
3 372
trade
-
-
-
2 557
total
-
-
-
12 590
Employee

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

25 034
-
38 500
-
surtax

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

118
-
348
-
income

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

2 151
-
6 313
-
health

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

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

3 372
-
3 372
-
total
5 641
-
10 033
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 466
38 500
-
-
income
2 020
5 775
-
-
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.

111
318
-
-
chamber of commerce
94
129
-
-
trade
2 216
6 334
-
-
total
4 441
12 556
-
-
Dividends
9 026
25 944
-
-
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.

113
347
-
-
withholding
2 068
6 298
-
-
total
2 181
6 645
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 263
19 201
10 033
12 590
After tax
26 237
19 299
28 467
25 910
Living cost
19 393
19 393
19 393
19 393
Free-cash
6 844
-94
9 074
6 517

Estimated living cost  is ₴19393 per week

₴12970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2045
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11327
₴11843
₴12588
₴10185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
2 913
social contributions
-
-
-
6 006
health
-
-
-
982
total
-
-
-
9 901
Employee
37 959
37 959
37 959
-
social contributions
1 845
3 150
2 901
-
income
3 986
3 514
3 604
-
health
378
645
594
-
total
6 209
7 309
7 099
-
Employer
37 959
37 959
37 959
-
health
411
703
646
-
social contributions
1 845
3 150
2 901
-
total
2 256
3 853
3 547
-
Corporate
14 025
-
-
-
income
1 753
-
-
-
total
1 753
-
-
-
Dividends
12 272
-
-
-
withholding
2 086
-
-
-
total
2 086
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 304
11 162
10 646
9 901
After tax
26 196
27 338
27 854
28 599
Living cost
16 011
16 011
16 011
16 011
Free-cash
10 185
11 327
11 843
12 588

Estimated living cost  is ₴16011 per week

₴10945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1251
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴12674
₴13261
₴17613
₴12860
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
4 707
unemployment
-
-
-
577
health
-
-
-
2 695
pensions
-
-
-
3 850
total
-
-
-
11 829
Employee

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

The minimum wage is 138,000 HUF per month.

13 076
5 204
32 218
-
unemployment
196
78
483
-
pensions
1 308
520
3 222
-
income
1 599
636
3 939
-
health
915
364
2 255
-
total
4 018
1 598
9 899
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 076
5 204
32 218
-
pensions
2 550
1 015
6 282
-
total
2 550
1 015
6 282
-
Corporate
22 874
32 281
-
-
income
2 059
2 905
-
-
total
2 059
2 905
-
-
Dividends
20 816
29 376
-
-
social contributions
4 000
5 669
-
-
withholding
3 955
5 581
-
-
total
7 955
11 250
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 582
16 768
16 181
11 829
After tax
21 918
21 732
22 319
26 671
Living cost
9 058
9 058
9 058
9 058
Free-cash
12 860
12 674
13 261
17 613

Estimated living cost  is ₴9058 per week

₴6182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
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.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18877
₴10268
₴8713
₴15811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
5 159
health
-
-
-
5 005
pensions
-
-
-
7 700
total
-
-
-
17 864
Employee
14 004
-
28 773
-
unemployment
224
-
460
-
pensions
280
-
575
-
income
1 577
-
5 548
-
total
2 081
-
6 583
-
Employer
14 004
-
28 773
-
health
1 820
-
3 741
-
pensions
2 801
-
5 755
-
unemployment
112
-
230
-
total
4 733
-
9 726
-
Corporate
19 762
38 500
-
-
income
3 952
7 700
-
-
total
3 952
7 700
-
-
Dividends
15 810
30 800
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
10 766
7 700
16 309
17 864
After tax
27 734
30 800
22 191
20 636
Living cost
11 923
11 923
11 923
11 923
Free-cash
15 811
18 877
10 268
8 713

Estimated living cost  is ₴11923 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
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.
₴2795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7877
₴8498
₴15503
₴1432
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
accident
-
-
-
126
income
-
-
-
8 522
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
12 002
Employee
17 295
-
31 982
-
pensions
1 947
-
3 601
-
income
2 373
-
5 226
-
health
1 980
-
3 662
-
total
6 300
-
12 489
-
Employer
17 295
-
31 982
-
pensions
2 812
-
5 200
-
accident
289
-
534
-
unemployment
424
-
784
-
total
3 525
-
6 518
-
Corporate
17 680
38 500
-
-
income

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

15 912
34 650
-
-
total
15 912
34 650
-
-
Dividends
1 768
3 850
-
-
withholding
336
732
-
-
total
336
732
-
-
Income
38 500
38 500
38 500
38 500
Total tax
26 073
35 382
19 007
12 002
After tax
12 427
3 118
19 493
26 498
Living cost
10 995
10 995
10 995
10 995
Free-cash
1 432
-7 877
8 498
15 503

Estimated living cost  is ₴10995 per week

₴8058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32580
₴26805
₴34120
₴31831
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
38 500
microenterprise

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

-
-
-
385
total
-
-
-
385
Employee
4 994
-
38 500
-
income
999
-
7 700
-
total
999
-
7 700
-
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%.

33 506
38 500
-
-
total
-
-
-
-
Dividends
33 506
38 500
-
-
withholding
1 675
1 925
-
-
total
1 675
1 925
-
-
Income
38 500
38 500
38 500
38 500
Total tax
2 674
1 925
7 700
385
After tax
35 826
36 575
30 800
38 115
Living cost
3 995
3 995
3 995
3 995
Free-cash
31 831
32 580
26 805
34 120

Estimated living cost  is ₴3995 per week

₴2476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15132
₴9414
₴7693
₴11799
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
4 890
other
-
-
-
1 829
health
-
-
-
1 694
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.

-
-
-
9 240
total
-
-
-
17 653
Employee
17 924
-
30 750
-
unemployment
179
-
307
-
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.

1 254
-
2 153
-
income
3 086
-
5 293
-
health
251
-
431
-
total
4 770
-
8 184
-
Employer
17 924
-
30 750
-
health
251
-
431
-
pensions

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

3 047
-
5 227
-
accident
143
-
246
-
unemployment
179
-
307
-
other
897
-
1 537
-
total
4 517
-
7 748
-
Corporate
16 059
38 500
-
-
income
3 372
8 085
-
-
total
3 372
8 085
-
-
Dividends
12 687
30 415
-
-
withholding
888
2 129
-
-
total
888
2 129
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 547
10 214
15 932
17 653
After tax
24 953
28 286
22 568
20 847
Living cost
13 154
13 154
13 154
13 154
Free-cash
11 799
15 132
9 414
7 693

Estimated living cost  is ₴13154 per week

₴9294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

Source of data for Bratislava model

Close
London , United Kingdom
-₴3969
-₴8362
-₴4132
-₴14293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
7 171
pensions
-
-
-
2 645
total
-
-
-
9 816
Employee
46 430
-
34 076
-
pensions
4 479
-
2 997
-
income
8 369
-
6 113
-
health
765
-
512
-
total
13 613
-
9 622
-
Employer
46 430
-
34 076
-
health
882
-
647
-
pensions
5 482
-
3 777
-
total
6 364
-
4 424
-
Corporate
-
38 500
-
-
income

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

-
7 315
-
-
total
-
7 315
-
-
Dividends
-
31 185
-
-
withholding
-
2 338
-
-
total
-
2 338
-
-
Income
38 500
38 500
38 500
38 500
Total tax
19 977
9 653
14 046
9 816
After tax
18 523
28 847
24 454
28 684
Living cost
32 816
32 816
32 816
32 816
Free-cash
-14 293
-3 969
-8 362
-4 132

Estimated living cost  is ₴32816 per week

₴24590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴26437
₴22620
₴21634
₴24140
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
5 775
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
10 385
Employee
8 582
-
35 112
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

754
-
1 516
-
income
858
-
3 511
-
health
395
-
794
-
total
2 101
-
6 011
-
Employer
8 582
-
35 112
-
health
592
-
1 191
-
pensions

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

946
-
1 903
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 683
-
3 388
-
Corporate
28 234
38 500
-
-
income
2 824
3 850
-
-
total
2 824
3 850
-
-
Dividends
25 410
34 650
-
-
withholding
1 271
1 732
-
-
total
1 271
1 732
-
-
Income
38 500
38 500
38 500
38 500
Total tax
7 879
5 582
9 399
10 385
After tax
30 621
32 918
29 101
28 115
Living cost
6 481
6 481
6 481
6 481
Free-cash
24 140
26 437
22 620
21 634

Estimated living cost  is ₴6481 per week

₴3784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴14443
-₴17213
-₴5460
-₴15280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
5 507
health
-
-
-
5 296
pensions
-
-
-
5 784
total
-
-
-
16 587
Employee
45 767
42 155
42 155
-
pensions
5 784
5 784
7 588
-
income

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

6 900
6 900
6 900
-
health
5 710
5 504
6 470
-
total
18 394
18 188
20 958
-
Employer
45 767
42 155
42 155
-
health
3 180
2 930
2 930
-
pensions
3 185
2 934
2 934
-
unemployment
1 648
1 518
1 518
-
total
8 013
7 382
7 382
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
26 407
25 570
28 340
16 587
After tax
12 093
12 930
10 160
21 913
Living cost
27 373
27 373
27 373
27 373
Free-cash
-15 280
-14 443
-17 213
-5 460

Estimated living cost  is ₴27373 per week

₴20192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14240
₴7269
₴6484
₴9863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
3 309
social contributions
-
-
-
11 242
solidarity contribution
-
-
-
-
health
-
-
-
5 198
total
-
-
-
19 749
Employee
18 040
-
28 731
-
solidarity contribution
-
-
-
-
social contributions
1 173
-
1 868
-
income
2 165
-
3 448
-
health
2 435
-
3 879
-
total
5 773
-
9 195
-
Employer
18 040
-
28 731
-
health
1 624
-
2 586
-
social contributions
4 510
-
7 183
-
total
6 134
-
9 769
-
Corporate
14 326
38 500
-
-
income
2 722
7 315
-
-
total
2 722
7 315
-
-
Dividends
11 604
31 185
-
-
withholding
1 741
4 678
-
-
total
1 741
4 678
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 370
11 993
18 964
19 749
After tax
22 130
26 507
19 536
18 751
Living cost
12 267
12 267
12 267
12 267
Free-cash
9 863
14 240
7 269
6 484

Estimated living cost  is ₴12267 per week

₴8521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴289
-₴2198
-₴287
-₴5372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
social contributions
-
-
-
9 902
regional
-
-
-
406
municipal
-
-
-
229
national
-
-
-
7 420
total
-
-
-
17 957
Employee
43 872
-
38 500
-
municipal
232
-
204
-
national
7 602
-
6 328
-
regional
414
-
354
-
social contributions
14 794
-
12 982
-
total
23 042
-
19 868
-
Employer
43 872
-
38 500
-
total
-
-
-
-
Corporate
-
38 500
-
-
municipal
-
1 502
-
-
nationa
-
9 240
-
-
total
-
10 742
-
-
Dividends
-
27 759
-
-
withholding
-
7 217
-
-
total
-
7 217
-
-
Income
38 500
38 500
38 500
38 500
Total tax
23 042
17 959
19 868
17 957
After tax
15 458
20 541
18 632
20 543
Living cost
20 830
20 830
20 830
20 830
Free-cash
-5 372
-289
-2 198
-287

Estimated living cost  is ₴20830 per week

₴14520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13323
₴9160
₴10014
₴11788
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
6 421
other
-
-
-
-
surtax
-
-
-
626
unemployment
-
-
-
112
health
-
-
-
2 734
pensions
-
-
-
7 700
total
-
-
-
17 593
Employee
16 325
-
31 805
-
other
-
-
-
-
unemployment
1 136
-
2 214
-
pensions
1 089
-
2 122
-
surtax
53
-
561
-
income
2 736
-
6 044
-
health
417
-
811
-
total
5 431
-
11 752
-
Employer
16 325
-
31 805
-
health
743
-
1 447
-
pensions
2 176
-
4 240
-
unemployment
517
-
1 008
-
other
-
-
-
-
total
3 436
-
6 695
-
Corporate
18 739
38 500
-
-
income
4 872
10 010
-
-
total
4 872
10 010
-
-
Dividends
13 867
28 490
-
-
withholding
2 080
4 274
-
-
total
2 080
4 274
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 819
14 284
18 447
17 593
After tax
22 681
24 216
20 053
20 907
Living cost
10 893
10 893
10 893
10 893
Free-cash
11 788
13 323
9 160
10 014

Estimated living cost  is ₴10893 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
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.
₴2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6428
₴2035
₴6265
₴2565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
7 171
pensions
-
-
-
2 645
total
-
-
-
9 816
Employee
31 116
-
34 076
-
pensions
2 641
-
2 997
-
income
5 604
-
6 113
-
health
452
-
512
-
total
8 697
-
9 622
-
Employer
31 116
-
34 076
-
health
591
-
647
-
pensions
3 368
-
3 777
-
total
3 959
-
4 424
-
Corporate
3 424
38 500
-
-
income

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

651
7 315
-
-
total
651
7 315
-
-
Dividends
2 774
31 185
-
-
withholding
209
2 338
-
-
total
209
2 338
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 516
9 653
14 046
9 816
After tax
24 984
28 847
24 454
28 684
Living cost
22 419
22 419
22 419
22 419
Free-cash
2 565
6 428
2 035
6 265

Estimated living cost  is ₴22419 per week

₴16796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1680
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.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴21536
-₴8679
-₴6701
-₴11670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
770
regional
-
-
-
1 063
health
-
-
-
128
city
-
-
-
405
national
-
-
-
152
pensions
-
-
-
3 542
total
-
-
-
6 060
Employee
45 805
-
34 459
-
unemployment
-
-
-
-
pensions
3 848
-
2 895
-
national
217
-
128
-
regional
1 500
-
906
-
city
492
-
370
-
health
104
-
77
-
total
6 161
-
4 376
-
Employer
45 805
-
34 459
-
health
104
-
77
-
pensions
3 848
-
2 895
-
unemployment
-
-
-
-
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.

916
-
690
-
total
4 868
-
3 662
-
Corporate
-
38 500
-
-
regional
-
8 143
-
-
national
-
3 272
-
-
total
-
11 415
-
-
Dividends
-
27 085
-
-
withholding
-
9 480
-
-
total
-
9 480
-
-
Income
38 500
38 500
38 500
38 500
Total tax
11 029
20 895
8 038
6 060
After tax
27 471
17 605
30 462
32 440
Living cost
39 141
39 141
39 141
39 141
Free-cash
-11 670
-21 536
-8 679
-6 701

Estimated living cost  is ₴39141 per week

₴25453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3513
₴5853
₴3186
₴4493
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 500
income

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

-
-
-
6 313
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.

-
-
-
348
health

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

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

-
-
-
3 372
trade
-
-
-
2 667
total
-
-
-
12 700
Employee

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

29 667
-
38 500
-
surtax

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

192
-
348
-
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.

3 489
-
6 313
-
health

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

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

3 372
-
3 372
-
total
7 053
-
10 033
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
8 833
38 500
-
-
income
1 325
5 775
-
-
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.

73
318
-
-
chamber of commerce
87
129
-
-
trade
1 515
6 602
-
-
total
3 000
12 824
-
-
Dividends
5 833
25 675
-
-
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.

70
343
-
-
withholding
1 270
6 232
-
-
total
1 340
6 575
-
-
Income
38 500
38 500
38 500
38 500
Total tax
11 393
19 399
10 033
12 700
After tax
27 107
19 101
28 467
25 800
Living cost
22 614
22 614
22 614
22 614
Free-cash
4 493
-3 513
5 853
3 186

Estimated living cost  is ₴22614 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2515
₴6056
₴5370
₴5431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
2 135
other
-
-
-
1 193
surtax
-
-
-
-
social contributions
-
-
-
1 097
health
-
-
-
333
pensions
-
-
-
11 483
total
-
-
-
16 241
Employee
21 127
-
29 338
-
pensions
2 389
-
3 318
-
surtax
-
-
-
-
social contributions
602
-
836
-
income
1 247
-
2 239
-
total
4 238
-
6 393
-
Employer
21 127
-
29 338
-
health
1 479
-
2 053
-
pensions
3 471
-
4 821
-
unemployment
855
-
1 188
-
social contributions
64
-
88
-
other
729
-
1 012
-
total
6 598
-
9 162
-
Corporate
10 775
38 500
-
-
income
3 017
10 780
-
-
surtax
-
-
-
-
total
3 017
10 780
-
-
Dividends
7 757
27 720
-
-
surtax
-
-
-
-
social contributions
1 334
4 767
-
-
withholding
993
3 549
-
-
total
2 327
8 316
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 180
19 096
15 555
16 241
After tax
22 320
19 404
22 945
22 259
Living cost
16 889
16 889
16 889
16 889
Free-cash
5 431
2 515
6 056
5 370

Estimated living cost  is ₴16889 per week

₴10649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4188
₴7729
₴7043
₴6932
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
2 135
other
-
-
-
1 193
surtax
-
-
-
-
social contributions
-
-
-
1 097
health
-
-
-
333
pensions
-
-
-
11 483
total
-
-
-
16 241
Employee
18 859
-
29 338
-
pensions
2 133
-
3 318
-
surtax
-
-
-
-
social contributions
538
-
836
-
income
972
-
2 239
-
total
3 643
-
6 393
-
Employer
18 859
-
29 338
-
health
1 320
-
2 053
-
pensions
3 099
-
4 821
-
unemployment
763
-
1 188
-
social contributions
56
-
88
-
other
651
-
1 012
-
total
5 889
-
9 162
-
Corporate
13 751
38 500
-
-
income
3 850
10 780
-
-
surtax
-
-
-
-
total
3 850
10 780
-
-
Dividends
9 901
27 720
-
-
surtax
-
-
-
-
social contributions
1 703
4 767
-
-
withholding
1 267
3 549
-
-
total
2 970
8 316
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 352
19 096
15 555
16 241
After tax
22 148
19 404
22 945
22 259
Living cost
15 216
15 216
15 216
15 216
Free-cash
6 932
4 188
7 729
7 043

Estimated living cost  is ₴15216 per week

₴8825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13021
₴14885
₴14256
₴13276
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
5 775
social contributions
-
-
-
5 313
health
-
-
-
2 688
total
-
-
-
13 776
Employee
16 738
-
38 500
-
social contributions
2 310
-
5 313
-
income
2 792
-
5 146
-
health
1 168
-
2 688
-
total
6 270
-
13 147
-
Employer
16 738
-
38 500
-
total
-
-
-
-
Corporate
21 762
38 500
-
-
income

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

1 089
1 925
-
-
total
1 089
1 925
-
-
Dividends
20 674
36 575
-
-
social contributions
2 853
5 047
-
-
withholding
3 101
5 486
-
-
health
1 443
2 553
-
-
total
7 397
13 086
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 756
15 011
13 147
13 776
After tax
23 744
23 489
25 353
24 724
Living cost
10 468
10 468
10 468
10 468
Free-cash
13 276
13 021
14 885
14 256

Estimated living cost  is ₴10468 per week

₴7005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4371
-₴4246
₴3130
₴3608
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
4 630
surtax
-
-
-
97
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
154
health
-
-
-
2 945
pensions
-
-
-
7 122
total
-
-
-
17 976
Employee
24 670
19 673
29 821
-
other
246
197
298
-
unemployment
740
590
895
-
pensions
2 527
2 014
3 054
-
income
2 808
1 451
4 285
-
health
955
762
1 154
-
total
7 276
5 014
9 686
-
Employer
24 670
19 673
29 821
-
chamber of commerce
98
79
119
-
health
932
744
1 127
-
pensions
3 096
2 469
3 742
-
accident
320
256
388
-
unemployment
740
590
895
-
surtax
97
97
97
-
payroll
740
590
895
-
other
1 172
934
1 416
-
total
7 195
5 759
8 679
-
Corporate
6 633
13 068
27 947
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

1 658
3 267
6 987
-
total
1 658
3 267
6 987
-
Dividends
4 975
9 801
-
-
withholding
1 369
2 695
-
-
total
1 369
2 695
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 498
16 735
25 352
17 976
After tax
21 002
21 765
13 148
20 524
Living cost
17 394
17 394
17 394
17 394
Free-cash
3 608
4 371
-4 246
3 130

Estimated living cost  is ₴17394 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1484
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.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3633
-₴2339
₴1168
-₴7089
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
communal

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

-
-
-
1 985
social contributions
-
-
-
5 419
national
-
-
-
11 929
total
-
-
-
19 333
Employee

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

35 311
-
29 820
-
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.

307
-
259
-
communal

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

1 842
-
1 555
-
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.

2 648
-
2 236
-
national
10 856
-
8 708
-
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.

1 659
-
1 401
-
total
17 312
-
14 159
-
Employer

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

35 311
-
29 820
-
health

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

2 171
-
1 834
-
pensions

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

3 129
-
2 642
-
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.

459
-
387
-
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.

515
-
436
-
surtax
4 004
-
3 382
-
total
10 278
-
8 681
-
Corporate
-
38 500
-
-
income
-
7 700
-
-
surtax
-
154
-
-
total
-
7 854
-
-
Dividends
-
30 646
-
-
withholding

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

-
9 014
-
-
total
-
9 014
-
-
Income
38 500
38 500
38 500
38 500
Total tax
27 590
16 868
22 840
19 333
After tax
10 910
21 632
15 660
19 167
Living cost
17 999
17 999
17 999
17 999
Free-cash
-7 089
3 633
-2 339
1 168

Estimated living cost  is ₴17999 per week

₴11594
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.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8137
₴3030
₴2755
₴4195
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
accident
-
-
-
347
income
-
-
-
6 366
other
-
-
-
38
unemployment
-
-
-
270
pensions
-
-
-
10 896
total
-
-
-
17 917
Employee
24 573
-
29 193
-
other
24
-
29
-
unemployment
381
-
452
-
pensions
1 155
-
1 372
-
income
5 185
-
6 483
-
total
6 745
-
8 336
-
Employer
24 573
-
29 193
-
pensions
5 799
-
6 889
-
accident
486
-
578
-
unemployment
1 352
-
1 606
-
other
196
-
233
-
total
7 833
-
9 306
-
Corporate
6 095
38 500
-
-
income

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

914
5 775
-
-
total
914
5 775
-
-
Dividends
5 181
32 725
-
-
withholding
985
6 760
-
-
total
985
6 760
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 477
12 535
17 642
17 917
After tax
22 023
25 965
20 858
20 583
Living cost
17 828
17 828
17 828
17 828
Free-cash
4 195
8 137
3 030
2 755

Estimated living cost  is ₴17828 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2982
-₴1746
-₴3729
-₴3349
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
communal
-
-
-
2 433
accident
-
-
-
325
income
-
-
-
2 260
surtax
-
-
-
1 908
health
-
-
-
2 705
pensions
-
-
-
5 771
total
-
-
-
15 402
Employee
37 383
-
34 390
-
pensions
2 990
-
2 751
-
surtax
2 291
-
2 108
-
income
3 611
-
2 920
-
health
1 664
-
1 531
-
total
10 556
-
9 310
-
Employer
37 383
-
34 390
-
health
1 140
-
1 049
-
pensions
2 990
-
2 751
-
accident
336
-
309
-
total
4 466
-
4 109
-
Corporate
-
38 500
-
-
communal
-
2 599
-
-
income
-
5 775
-
-
surtax
-
405
-
-
total
-
8 779
-
-
Dividends
-
29 721
-
-
income
-
1 418
-
-
withholding
-
4 458
-
-
total
-
5 876
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 022
14 655
13 419
15 402
After tax
23 478
23 845
25 081
23 098
Living cost
26 827
26 827
26 827
26 827
Free-cash
-3 349
-2 982
-1 746
-3 729

Estimated living cost  is ₴26827 per week

₴20124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
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.
₴4793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13128
₴8965
₴9819
₴11560
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
6 421
other
-
-
-
-
surtax
-
-
-
626
unemployment
-
-
-
112
health
-
-
-
2 734
pensions
-
-
-
7 700
total
-
-
-
17 593
Employee
16 624
-
31 805
-
other
-
-
-
-
unemployment
1 157
-
2 214
-
pensions
1 109
-
2 122
-
surtax
59
-
561
-
income
2 787
-
6 044
-
health
424
-
811
-
total
5 536
-
11 752
-
Employer
16 624
-
31 805
-
health
756
-
1 447
-
pensions
2 216
-
4 240
-
unemployment
527
-
1 008
-
other
-
-
-
-
total
3 499
-
6 695
-
Corporate
18 376
38 500
-
-
income
4 778
10 010
-
-
total
4 778
10 010
-
-
Dividends
13 598
28 490
-
-
withholding
2 039
4 274
-
-
total
2 039
4 274
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 852
14 284
18 447
17 593
After tax
22 648
24 216
20 053
20 907
Living cost
11 088
11 088
11 088
11 088
Free-cash
11 560
13 128
8 965
9 819

Estimated living cost  is ₴11088 per week

₴6694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
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.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6938
₴5170
₴7071
₴5842
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
social contributions
-
-
-
9 902
regional
-
-
-
580
municipal
-
-
-
229
national
-
-
-
7 420
total
-
-
-
18 131
Employee
27 383
-
38 500
-
municipal
145
-
204
-
national
4 338
-
6 328
-
regional
369
-
518
-
social contributions
9 234
-
12 982
-
total
14 086
-
20 032
-
Employer
27 383
-
38 500
-
total
-
-
-
-
Corporate
11 117
38 500
-
-
municipal
553
1 914
-
-
nationa
2 668
9 240
-
-
total
3 221
11 154
-
-
Dividends
7 896
27 347
-
-
withholding
2 053
7 110
-
-
total
2 053
7 110
-
-
Income
38 500
38 500
38 500
38 500
Total tax
19 360
18 264
20 032
18 131
After tax
19 140
20 236
18 468
20 369
Living cost
13 298
13 298
13 298
13 298
Free-cash
5 842
6 938
5 170
7 071

Estimated living cost  is ₴13298 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11391
₴4420
₴3635
₴5998
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
3 309
social contributions
-
-
-
11 242
solidarity contribution
-
-
-
-
health
-
-
-
5 198
total
-
-
-
19 749
Employee
22 230
-
28 731
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
1 868
-
income
2 668
-
3 448
-
health
3 001
-
3 879
-
total
7 114
-
9 195
-
Employer
22 230
-
28 731
-
health
2 001
-
2 586
-
social contributions
5 558
-
7 183
-
total
7 559
-
9 769
-
Corporate
8 712
38 500
-
-
income
1 655
7 315
-
-
total
1 655
7 315
-
-
Dividends
7 057
31 185
-
-
withholding
1 058
4 678
-
-
total
1 058
4 678
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 386
11 993
18 964
19 749
After tax
21 114
26 507
19 536
18 751
Living cost
15 116
15 116
15 116
15 116
Free-cash
5 998
11 391
4 420
3 635

Estimated living cost  is ₴15116 per week

₴11242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
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.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6068
-₴2579
₴4872
₴5826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
4 630
surtax
-
-
-
-
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
154
health
-
-
-
2 945
pensions
-
-
-
7 122
total
-
-
-
17 879
Employee
21 579
19 673
29 897
-
other
215
197
299
-
unemployment
647
590
897
-
pensions
2 210
2 014
3 061
-
income
1 922
1 451
4 306
-
health
835
762
1 157
-
total
5 829
5 014
9 720
-
Employer
21 579
19 673
29 897
-
chamber of commerce
86
79
120
-
health
816
744
1 130
-
pensions
2 708
2 469
3 752
-
accident
280
256
389
-
unemployment
647
590
897
-
surtax
-
-
-
-
payroll
647
590
897
-
other
1 025
934
1 420
-
total
6 209
5 662
8 605
-
Corporate
10 711
13 165
28 023
-
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.

2 678
3 291
7 005
-
total
2 678
3 291
7 005
-
Dividends
8 033
9 875
-
-
withholding
2 209
2 716
-
-
total
2 209
2 716
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 925
16 683
25 330
17 879
After tax
21 575
21 817
13 170
20 621
Living cost
15 749
15 749
15 749
15 749
Free-cash
5 826
6 068
-2 579
4 872

Estimated living cost  is ₴15749 per week

₴9448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30349
₴24574
₴31889
₴29181
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
38 500
microenterprise

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

-
-
-
385
total
-
-
-
385
Employee
7 782
-
38 500
-
income
1 557
-
7 700
-
total
1 557
-
7 700
-
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%.

30 718
38 500
-
-
total
-
-
-
-
Dividends
30 718
38 500
-
-
withholding
1 536
1 925
-
-
total
1 536
1 925
-
-
Income
38 500
38 500
38 500
38 500
Total tax
3 093
1 925
7 700
385
After tax
35 407
36 575
30 800
38 115
Living cost
6 226
6 226
6 226
6 226
Free-cash
29 181
30 349
24 574
31 889

Estimated living cost  is ₴6226 per week

₴4213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
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.
₴1542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13267
₴6050
₴7154
₴9137
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 500
income
-
-
-
7 228
unemployment
-
-
-
58
health
-
-
-
3 788
pensions
-
-
-
7 031
total
-
-
-
18 105
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.

21 829
-
33 313
-
unemployment
31
-
47
-
pensions
3 384
-
5 164
-
income
3 764
-
6 658
-
health
1 410
-
2 153
-
total
8 589
-
14 022
-
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.

21 829
-
33 313
-
health
1 454
-
2 219
-
pensions
1 932
-
2 948
-
unemployment
13
-
20
-
total
3 399
-
5 187
-
Corporate
13 272
38 500
-
-
income
2 522
7 315
-
-
total
2 522
7 315
-
-
Dividends
10 750
31 185
-
-
withholding
1 612
4 677
-
-
total
1 612
4 677
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 122
11 992
19 209
18 105
After tax
22 378
26 508
19 291
20 395
Living cost
13 241
13 241
13 241
13 241
Free-cash
9 137
13 267
6 050
7 154

Estimated living cost  is ₴13241 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1825
₴10317
₴5009
-₴36133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
7 504
social contributions
-
-
-
4 389
total
-
-
-
11 893
Employee
30 968
-
-
-
social contributions
2 539
-
362
-
income
6 831
-
-
-
total
9 370
-
362
-
Employer
30 968
-
-
-
social contributions
43 665
-
6 223
-
total
43 665
-
6 223
-
Corporate
-
38 500
-
-
income
-
8 470
-
-
total
-
8 470
-
-
Dividends
-
30 030
-
-
income
-
6 607
-
-
total
-
6 607
-
-
Income
38 500
38 500
38 500
38 500
Total tax
53 035
15 077
6 585
11 893
After tax
-14 535
23 423
31 915
26 607
Living cost
21 598
21 598
21 598
21 598
Free-cash
-36 133
1 825
10 317
5 009

Estimated living cost  is ₴21598 per week

₴14014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6415
₴4779
₴6336
₴5918
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 500
income
-
-
-
3 301
surtax
-
-
-
-
social contributions

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

-
-
-
13 379
total
-
-
-
16 680
Employee
22 704
-
31 111
-
surtax
-
-
-
-
social contributions
2 497
-
3 422
-
income
4 722
-
7 427
-
total
7 219
-
10 849
-
Employer
22 704
-
31 111
-
social contributions
5 392
-
7 388
-
total
5 392
-
7 388
-
Corporate
10 404
38 500
-
-
income
2 185
8 085
-
-
surtax
-
-
-
-
total
2 185
8 085
-
-
Dividends
8 219
30 415
-
-
withholding
2 302
8 516
-
-
total
2 302
8 516
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 098
16 601
18 237
16 680
After tax
21 402
21 899
20 263
21 820
Living cost
15 484
15 484
15 484
15 484
Free-cash
5 918
6 415
4 779
6 336

Estimated living cost  is ₴15484 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴913
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4439
-₴898
-₴1584
-₴2075
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
2 135
other
-
-
-
1 193
surtax
-
-
-
-
social contributions
-
-
-
1 097
health
-
-
-
333
pensions
-
-
-
11 483
total
-
-
-
16 241
Employee
30 918
-
29 338
-
pensions
3 497
-
3 318
-
surtax
-
-
-
-
social contributions
881
-
836
-
income
2 698
-
2 239
-
total
7 076
-
6 393
-
Employer
30 918
-
29 338
-
health
2 164
-
2 053
-
pensions
5 080
-
4 821
-
unemployment
1 252
-
1 188
-
social contributions
93
-
88
-
other
1 067
-
1 012
-
total
9 656
-
9 162
-
Corporate
-
38 500
-
-
income
-
10 780
-
-
surtax
-
-
-
-
total
-
10 780
-
-
Dividends
-
27 720
-
-
surtax
-
-
-
-
social contributions
-
4 767
-
-
withholding
-
3 549
-
-
total
-
8 316
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 732
19 096
15 555
16 241
After tax
21 768
19 404
22 945
22 259
Living cost
23 842
23 842
23 842
23 842
Free-cash
-2 075
-4 439
-898
-1 584

Estimated living cost  is ₴23842 per week

₴16136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19811
₴15895
₴14813
₴18153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
378
social contributions
-
-
-
8 470
total
-
-
-
8 848
Employee
15 870
-
33 333
-
income
-
-
434
-
social contributions
1 031
-
2 166
-
total
1 031
-
2 600
-
Employer
15 870
-
33 333
-
social contributions
2 460
-
5 166
-
total
2 460
-
5 166
-
Corporate
20 170
38 500
-
-
income
2 017
3 850
-
-
total
2 017
3 850
-
-
Dividends
18 153
34 650
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
5 508
3 850
7 766
8 848
After tax
32 992
34 650
30 734
29 652
Living cost
14 839
14 839
14 839
14 839
Free-cash
18 153
19 811
15 895
14 813

Estimated living cost  is ₴14839 per week

₴9595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴69005
-₴69005
₴573
-₴69005
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
labour market
-
-
-
3 046
municipal
-
-
-
6 772
national
-
-
-
3 918
pensions
-
-
-
428
total
-
-
-
14 164
Employee
100 298
100 298
100 298
-
municipal
21 358
21 358
21 358
-
labour market
8 012
8 012
8 012
-
pensions
143
143
143
-
national
12 253
12 253
12 253
-
total
41 766
41 766
41 766
-
Employer
100 298
100 298
100 298
-
national
12 275
12 275
12 275
-
labour market
8 024
8 024
8 024
-
pensions
285
285
285
-
municipal
21 392
21 392
21 392
-
total
41 976
41 976
41 976
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
83 742
83 742
83 742
14 164
After tax
-45 242
-45 242
-45 242
24 336
Living cost
23 763
23 763
23 763
23 763
Free-cash
-69 005
-69 005
-69 005
573

Estimated living cost  is ₴23763 per week

₴16264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7714
₴8661
₴15666
₴1456
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
accident
-
-
-
126
income
-
-
-
8 522
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
12 002
Employee
17 040
-
31 982
-
pensions
1 919
-
3 601
-
income
2 338
-
5 226
-
health
1 951
-
3 662
-
total
6 208
-
12 489
-
Employer
17 040
-
31 982
-
pensions
2 771
-
5 200
-
accident
285
-
534
-
unemployment
418
-
784
-
total
3 474
-
6 518
-
Corporate
17 987
38 500
-
-
income

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

16 188
34 650
-
-
total
16 188
34 650
-
-
Dividends
1 799
3 850
-
-
withholding
342
732
-
-
total
342
732
-
-
Income
38 500
38 500
38 500
38 500
Total tax
26 212
35 382
19 007
12 002
After tax
12 288
3 118
19 493
26 498
Living cost
10 832
10 832
10 832
10 832
Free-cash
1 456
-7 714
8 661
15 666

Estimated living cost  is ₴10832 per week

₴7885
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.
₴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.
₴2127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7293
₴3872
₴9498
₴5278
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
38 500
health
-
-
-
387
municipal
-
-
-
6 860
national
-
-
-
2 803
total
-
-
-
10 050
Employee
25 972
-
32 387
-
municipal
4 254
-
5 296
-
unemployment
390
-
486
-
pensions
1 753
-
2 186
-
national
429
-
1 304
-
health
194
-
292
-
total
7 020
-
9 564
-
Employer
25 972
-
32 387
-
health
200
-
249
-
pensions
4 506
-
5 619
-
accident
26
-
33
-
unemployment
169
-
211
-
total
4 901
-
6 112
-
Corporate
7 628
38 500
-
-
income
1 526
7 700
-
-
total
1 526
7 700
-
-
Dividends

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

4 576
23 100
-
-
municipal
823
4 158
-
-
national
-
397
-
-
total
823
4 555
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 270
12 255
15 676
10 050
After tax
24 230
26 245
22 824
28 450
Living cost
18 952
18 952
18 952
18 952
Free-cash
5 278
7 293
3 872
9 498

Estimated living cost  is ₴18952 per week

₴12380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15909
₴16425
₴17170
₴14129
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
2 913
social contributions
-
-
-
6 006
health
-
-
-
982
total
-
-
-
9 901
Employee
37 959
37 959
37 959
-
social contributions
1 435
3 150
2 901
-
income
4 133
3 514
3 604
-
health
294
645
594
-
total
5 862
7 309
7 099
-
Employer
37 959
37 959
37 959
-
health
319
703
646
-
social contributions
1 435
3 150
2 901
-
total
1 754
3 853
3 547
-
Corporate
19 454
-
-
-
income
2 432
-
-
-
total
2 432
-
-
-
Dividends
17 022
-
-
-
withholding
2 894
-
-
-
total
2 894
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 942
11 162
10 646
9 901
After tax
25 558
27 338
27 854
28 599
Living cost
11 429
11 429
11 429
11 429
Free-cash
14 129
15 909
16 425
17 170

Estimated living cost  is ₴11429 per week

₴6850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24044
₴15947
₴22205
₴21534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
38 500
income
-
-
-
3 517
unemployment
-
-
-
14
health
-
-
-
1 786
pensions
-
-
-
3 140
total
-
-
-
8 457
Employee

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

11 331
-
34 906
-
unemployment
56
-
174
-
pensions
1 699
-
5 236
-
income
775
-
2 744
-
health
963
-
2 967
-
total
3 493
-
11 121
-
Employer

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

11 331
-
34 906
-
health
487
-
1 501
-
pensions
623
-
1 919
-
unemployment
56
-
174
-
total
1 166
-
3 594
-
Corporate
26 003
38 500
-
-
income
2 340
3 465
-
-
total
2 340
3 465
-
-
Dividends
23 663
35 035
-
-
withholding
2 129
3 153
-
-
total
2 129
3 153
-
-
Income
38 500
38 500
38 500
38 500
Total tax
9 128
6 618
14 715
8 457
After tax
29 372
31 882
23 785
30 043
Living cost
7 838
7 838
7 838
7 838
Free-cash
21 534
24 044
15 947
22 205

Estimated living cost  is ₴7838 per week

₴5001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12390
₴7283
₴7008
₴9801
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
accident
-
-
-
347
income
-
-
-
6 366
other
-
-
-
38
unemployment
-
-
-
270
pensions
-
-
-
10 896
total
-
-
-
17 917
Employee
18 253
-
29 193
-
other
18
-
29
-
unemployment
283
-
452
-
pensions
858
-
1 372
-
income
3 519
-
6 483
-
total
4 678
-
8 336
-
Employer
18 253
-
29 193
-
pensions
4 307
-
6 889
-
accident
362
-
578
-
unemployment
1 004
-
1 606
-
other
146
-
233
-
total
5 819
-
9 306
-
Corporate
14 428
38 500
-
-
income

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

2 164
5 775
-
-
total
2 164
5 775
-
-
Dividends
12 264
32 725
-
-
withholding
2 463
6 760
-
-
total
2 463
6 760
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 124
12 535
17 642
17 917
After tax
23 376
25 965
20 858
20 583
Living cost
13 575
13 575
13 575
13 575
Free-cash
9 801
12 390
7 283
7 008

Estimated living cost  is ₴13575 per week

₴9163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴23063
₴23431
₴23500
₴22906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
12 830
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
14 039
Employee
1 464
-
37 711
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
12 793
-
health
73
-
175
-
total
503
-
13 319
-
Employer
1 464
-
37 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
36 706
38 500
-
-
income
8 075
8 470
-
-
total
8 075
8 470
-
-
Dividends
28 631
30 030
-
-
withholding
5 726
6 006
-
-
total
5 726
6 006
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 633
14 476
14 108
14 039
After tax
23 867
24 024
24 392
24 461
Living cost
961
961
961
961
Free-cash
22 906
23 063
23 431
23 500

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19279
₴11456
₴10517
₴16850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 500
income
-
-
-
5 656
unemployment
-
-
-
547
health
-
-
-
3 758
pensions
-
-
-
9 485
total
-
-
-
19 446
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.

12 873
-
32 655
-
unemployment
97
-
245
-
pensions
1 802
-
4 572
-
income
1 774
-
6 162
-
health
663
-
1 682
-
total
4 336
-
12 661
-
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.

12 873
-
32 655
-
health
663
-
1 682
-
pensions
1 545
-
3 919
-
unemployment
97
-
245
-
total
2 305
-
5 846
-
Corporate
23 323
38 500
-
-
income
3 498
5 775
-
-
total
3 498
5 775
-
-
Dividends
19 824
32 725
-
-
withholding
2 974
4 909
-
-
total
2 974
4 909
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 113
10 684
18 507
19 446
After tax
25 387
27 816
19 993
19 054
Living cost
8 537
8 537
8 537
8 537
Free-cash
16 850
19 279
11 456
10 517

Estimated living cost  is ₴8537 per week

₴5748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
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.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8591
₴6955
₴8512
₴8413
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 500
income
-
-
-
3 301
surtax
-
-
-
-
social contributions

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

-
-
-
13 379
total
-
-
-
16 680
Employee
19 160
-
31 111
-
surtax
-
-
-
-
social contributions
2 108
-
3 422
-
income
3 744
-
7 427
-
total
5 852
-
10 849
-
Employer
19 160
-
31 111
-
social contributions
4 550
-
7 388
-
total
4 550
-
7 388
-
Corporate
14 790
38 500
-
-
income
3 106
8 085
-
-
surtax
-
-
-
-
total
3 106
8 085
-
-
Dividends
11 684
30 415
-
-
withholding
3 271
8 516
-
-
total
3 271
8 516
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 779
16 601
18 237
16 680
After tax
21 721
21 899
20 263
21 820
Living cost
13 308
13 308
13 308
13 308
Free-cash
8 413
8 591
6 955
8 512

Estimated living cost  is ₴13308 per week

₴9426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
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.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8616
₴3509
₴3234
₴4852
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
accident
-
-
-
347
income
-
-
-
6 366
other
-
-
-
38
unemployment
-
-
-
270
pensions
-
-
-
10 896
total
-
-
-
17 917
Employee
23 841
-
29 193
-
other
23
-
29
-
unemployment
369
-
452
-
pensions
1 120
-
1 372
-
income
4 979
-
6 483
-
total
6 491
-
8 336
-
Employer
23 841
-
29 193
-
pensions
5 626
-
6 889
-
accident
472
-
578
-
unemployment
1 312
-
1 606
-
other
191
-
233
-
total
7 601
-
9 306
-
Corporate
7 058
38 500
-
-
income

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

1 059
5 775
-
-
total
1 059
5 775
-
-
Dividends
5 999
32 725
-
-
withholding
1 148
6 760
-
-
total
1 148
6 760
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 299
12 535
17 642
17 917
After tax
22 201
25 965
20 858
20 583
Living cost
17 349
17 349
17 349
17 349
Free-cash
4 852
8 616
3 509
3 234

Estimated living cost  is ₴17349 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
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.
₴3297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24414
₴20597
₴19611
₴21400
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
5 775
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
10 385
Employee
11 260
-
35 112
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

989
-
1 516
-
income
1 126
-
3 511
-
health
518
-
794
-
total
2 757
-
6 011
-
Employer
11 260
-
35 112
-
health
777
-
1 191
-
pensions

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

1 241
-
1 903
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 210
-
3 388
-
Corporate
25 031
38 500
-
-
income
2 503
3 850
-
-
total
2 503
3 850
-
-
Dividends
22 528
34 650
-
-
withholding
1 126
1 732
-
-
total
1 126
1 732
-
-
Income
38 500
38 500
38 500
38 500
Total tax
8 596
5 582
9 399
10 385
After tax
29 904
32 918
29 101
28 115
Living cost
8 504
8 504
8 504
8 504
Free-cash
21 400
24 414
20 597
19 611

Estimated living cost  is ₴8504 per week

₴5624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
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.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴835
₴9409
₴7178
₴7294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 500
income

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

-
-
-
6 313
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.

-
-
-
348
health

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

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

-
-
-
3 372
trade
-
-
-
2 231
total
-
-
-
12 264
Employee

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

24 562
-
38 500
-
surtax

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

111
-
348
-
income

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

2 020
-
6 313
-
health

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

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

3 372
-
3 372
-
total
5 503
-
10 033
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 938
38 500
-
-
income
2 091
5 775
-
-
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.

115
318
-
-
chamber of commerce
96
131
-
-
trade
2 000
5 525
-
-
total
4 302
11 749
-
-
Dividends
9 636
26 751
-
-
surtax

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

122
358
-
-
withholding
2 221
6 500
-
-
total
2 343
6 858
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 148
18 607
10 033
12 264
After tax
26 352
19 893
28 467
26 236
Living cost
19 058
19 058
19 058
19 058
Free-cash
7 294
835
9 409
7 178

Estimated living cost  is ₴19058 per week

₴13147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1169
-₴55
-₴55
-₴114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
7 240
social contributions
-
-
-
3 195
total
-
-
-
10 435
Employee
38 614
-
38 500
-
income
7 286
-
7 240
-
social contributions
3 208
-
3 195
-
total
10 494
-
10 435
-
Employer
38 614
-
38 500
-
total
-
-
-
-
Corporate
-
38 500
-
-
income
-
4 812
-
-
total
-
4 812
-
-
Dividends
-
33 688
-
-
withholding
-
6 737
-
-
total
-
6 737
-
-
Income
38 500
38 500
38 500
38 500
Total tax
10 494
11 549
10 435
10 435
After tax
28 006
26 951
28 065
28 065
Living cost
28 120
28 120
28 120
28 120
Free-cash
-114
-1 169
-55
-55

Estimated living cost  is ₴28120 per week

₴21393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4497
₴10186
₴3545
₴7356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 500
income
-
-
-
14 052
health

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

-
-
-
2 983
total
-
-
-
17 035
Employee
22 646
-
36 229
-
income
2 457
-
5 852
-
social contributions
2 269
-
2 271
-
total
4 726
-
8 123
-
Employer
22 646
-
36 229
-
social contributions
2 269
-
2 271
-
total
2 269
-
2 271
-
Corporate
13 585
38 500
-
-
income
4 755
13 475
-
-
total
4 755
13 475
-
-
Dividends
8 830
25 025
-
-
social contributions
1 474
2 608
-
-
total
1 474
2 608
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 224
16 083
10 394
17 035
After tax
25 276
22 417
28 106
21 465
Living cost
17 920
17 920
17 920
17 920
Free-cash
7 356
4 497
10 186
3 545

Estimated living cost  is ₴17920 per week

₴11804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10621
₴6228
₴10458
₴7853
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
7 171
pensions
-
-
-
2 645
total
-
-
-
9 816
Employee
25 018
-
34 076
-
pensions
1 909
-
2 997
-
income
4 556
-
6 113
-
health
326
-
512
-
total
6 791
-
9 622
-
Employer
25 018
-
34 076
-
health
475
-
647
-
pensions
2 528
-
3 777
-
total
3 003
-
4 424
-
Corporate
10 479
38 500
-
-
income

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

1 991
7 315
-
-
total
1 991
7 315
-
-
Dividends
8 489
31 185
-
-
withholding
636
2 338
-
-
total
636
2 338
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 421
9 653
14 046
9 816
After tax
26 079
28 847
24 454
28 684
Living cost
18 226
18 226
18 226
18 226
Free-cash
7 853
10 621
6 228
10 458

Estimated living cost  is ₴18226 per week

₴12503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8787
₴7588
₴14593
₴1292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
accident
-
-
-
126
income
-
-
-
8 522
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
12 002
Employee
18 727
-
31 982
-
pensions
2 109
-
3 601
-
income
2 569
-
5 226
-
health
2 144
-
3 662
-
total
6 822
-
12 489
-
Employer
18 727
-
31 982
-
pensions
3 045
-
5 200
-
accident
313
-
534
-
unemployment
459
-
784
-
total
3 817
-
6 518
-
Corporate
15 957
38 500
-
-
income

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

14 361
34 650
-
-
total
14 361
34 650
-
-
Dividends
1 596
3 850
-
-
withholding
303
732
-
-
total
303
732
-
-
Income
38 500
38 500
38 500
38 500
Total tax
25 303
35 382
19 007
12 002
After tax
13 197
3 118
19 493
26 498
Living cost
11 905
11 905
11 905
11 905
Free-cash
1 292
-8 787
7 588
14 593

Estimated living cost  is ₴11905 per week

₴8737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
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.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

Close
Skopje , Macedonia
₴26055
₴15628
₴15628
₴23654
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
38 500
income
-
-
-
5 615
unemployment
-
-
-
462
work injury
-
-
-
192
health insurance
-
-
-
2 849
pensions
-
-
-
7 084
total
-
-
-
16 202
Employee

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

10 671
-
38 500
-
health insurance
790
-
2 849
-
unemployment
128
-
462
-
work injury
53
-
192
-
pensions
1 964
-
7 084
-
income
1 067
-
5 615
-
total
4 002
-
16 202
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 829
38 500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
27 829
38 500
-
-
withholding
4 174
5 775
-
-
total
4 174
5 775
-
-
Income
38 500
38 500
38 500
38 500
Total tax
8 176
5 775
16 202
16 202
After tax
30 324
32 725
22 298
22 298
Living cost
6 670
6 670
6 670
6 670
Free-cash
23 654
26 055
15 628
15 628

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Rome , Italy
₴613
-₴1262
₴586
-₴3099
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
social contributions
-
-
-
9 902
regional
-
-
-
668
municipal
-
-
-
258
national
-
-
-
7 420
total
-
-
-
18 248
Employee
41 598
-
38 500
-
municipal
248
-
230
-
national
7 030
-
6 328
-
regional
628
-
556
-
social contributions
14 027
-
12 982
-
total
21 933
-
20 096
-
Employer
41 598
-
38 500
-
total
-
-
-
-
Corporate
-
38 500
-
-
municipal
-
1 856
-
-
nationa
-
9 240
-
-
total
-
11 096
-
-
Dividends
-
27 405
-
-
withholding
-
7 125
-
-
total
-
7 125
-
-
Income
38 500
38 500
38 500
38 500
Total tax
21 933
18 221
20 096
18 248
After tax
16 567
20 279
18 404
20 252
Living cost
19 666
19 666
19 666
19 666
Free-cash
-3 099
613
-1 262
586

Estimated living cost  is ₴19666 per week

₴13814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close