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
₴11022
₴4457
₴9951
₴13450
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
2 428
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.

-
-
-
3 392
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.

-
-
-
345
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.

-
-
-
6 274
total
-
-
-
12 439
Employee

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

18 991
-
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
-
345
-
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.

530
-
6 274
-
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.

3 392
-
3 392
-
total
3 951
-
10 011
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
19 509
38 500
-
-
trade
3 073
6 064
-
-
income
2 927
5 775
-
-
chamber of commerce
104
131
-
-
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.

161
318
-
-
total
6 265
12 288
-
-
Dividends
13 246
26 213
-
-
withholding
3 123
6 365
-
-
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.

171
351
-
-
total
3 294
6 716
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 510
19 004
10 011
12 439
After tax
24 990
19 496
28 489
26 061
Living cost
15 039
15 039
15 039
15 039
Free-cash
9 951
4 457
13 450
11 022

Estimated living cost  is ₴15039 per week

₴9460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
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.
₴3545
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2662
-₴2308
-₴6025
-₴2360
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
3 842
pensions
-
-
-
4 620
social contributions
-
-
-
414
national
-
-
-
5 954
total
-
-
-
14 830
Employee
40 820
-
33 283
-
municipal
5 042
-
3 991
-
national
7 813
-
6 185
-
pensions
1 633
-
1 331
-
total
14 488
-
11 507
-
Employer
40 820
-
33 283
-
pensions
3 266
-
2 663
-
social contributions
439
-
358
-
total
3 705
-
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
18 193
14 476
14 528
14 830
After tax
20 307
24 024
23 972
23 670
Living cost
26 332
26 332
26 332
26 332
Free-cash
-6 025
-2 308
-2 360
-2 662

Estimated living cost  is ₴26332 per week

₴17898
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2448
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴394
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10350
₴20470
₴16396
₴11499
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
income
-
-
-
5 443
microenterprise
-
-
-
-
total
-
-
-
17 821
Employee
14 508
-
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.

1 596
-
3 413
-
surtax
-
-
-
-
income
2 583
-
5 785
-
total
4 179
-
9 198
-
Employer
14 508
-
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.

3 495
-
7 474
-
total
3 495
-
7 474
-
Corporate
20 497
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%.

4 100
7 700
-
-
total
4 100
7 700
-
-
Dividends

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

16 397
30 800
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
11 774
7 700
16 672
17 821
After tax
26 726
30 800
21 828
20 679
Living cost
10 330
10 330
10 330
10 330
Free-cash
16 396
20 470
11 499
10 350

Estimated living cost  is ₴10330 per week

₴6590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴984
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2521
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1117
-₴8016
-₴10803
-₴10803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 817
health
-
-
-
5 313
income
-
-
-
5 454
total
-
-
-
16 584
Employee
42 400
42 400
42 400
-
pensions
7 632
5 817
7 632
-
income

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

6 940
6 940
6 940
-
health
6 508
5 536
6 508
-
total
21 080
18 293
21 080
-
Employer
42 400
42 400
42 400
-
pensions
2 951
2 951
2 951
-
unemployment
1 526
1 526
1 526
-
health
2 947
2 947
2 947
-
total
7 424
7 424
7 424
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
28 504
25 717
28 504
16 584
After tax
9 996
12 783
9 996
21 916
Living cost
20 799
20 799
20 799
20 799
Free-cash
-10 803
-8 016
-10 803
1 117

Estimated living cost  is ₴20799 per week

₴14740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1285
₴545
₴87
₴83
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
8 155
pensions
-
-
-
4 162
health
-
-
-
2 402
other
-
-
-
4 474
unemployment
-
-
-
39
accident
-
-
-
77
national
-
-
-
-
total
-
-
-
19 309
Employee
29 176
-
29 295
-
municipal
8 700
-
8 736
-
national
-
-
-
-
total
8 700
-
8 736
-
Employer
29 176
-
29 295
-
pensions
3 154
-
3 167
-
other
3 390
-
3 404
-
unemployment
770
-
773
-
accident
58
-
59
-
health
1 794
-
1 802
-
total
9 166
-
9 205
-
Corporate
157
38 500
-
-
income
34
8 470
-
-
total
34
8 470
-
-
Dividends
122
30 030
-
-
withholding
37
9 009
-
-
total
37
9 009
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 937
17 479
17 941
19 309
After tax
20 563
21 021
20 559
19 191
Living cost
20 476
20 476
20 476
20 476
Free-cash
87
545
83
-1 285

Estimated living cost  is ₴20476 per week

₴13571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6448
-₴206
₴6772
₴8984
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
2 536
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.

-
-
-
3 392
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.

-
-
-
345
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.

-
-
-
6 274
total
-
-
-
12 547
Employee

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

25 179
-
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.

119
-
345
-
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.

2 163
-
6 274
-
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.

3 392
-
3 392
-
total
5 674
-
10 011
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 321
38 500
-
-
trade
2 192
6 334
-
-
income
1 998
5 775
-
-
chamber of commerce
94
130
-
-
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.

110
318
-
-
total
4 394
12 557
-
-
Dividends
8 927
25 944
-
-
withholding
2 043
6 297
-
-
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.

112
347
-
-
total
2 155
6 644
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 223
19 201
10 011
12 547
After tax
26 277
19 299
28 489
25 953
Living cost
19 505
19 505
19 505
19 505
Free-cash
6 772
-206
8 984
6 448

Estimated living cost  is ₴19505 per week

₴13045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4112
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12524
₴11168
₴10082
₴11723
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
982
social contributions
-
-
-
6 006
income
-
-
-
2 884
total
-
-
-
9 872
Employee
38 179
38 179
38 179
-
social contributions
1 855
3 169
2 901
-
income
4 009
3 534
3 630
-
health
380
649
595
-
total
6 244
7 352
7 126
-
Employer
38 179
38 179
38 179
-
social contributions
1 855
3 169
2 901
-
health
414
707
646
-
total
2 269
3 876
3 547
-
Corporate
13 883
-
-
-
income
1 736
-
-
-
total
1 736
-
-
-
Dividends
12 147
-
-
-
withholding
2 065
-
-
-
total
2 065
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 314
11 228
10 673
9 872
After tax
26 186
27 272
27 827
28 628
Living cost
16 104
16 104
16 104
16 104
Free-cash
10 082
11 168
11 723
12 524

Estimated living cost  is ₴16104 per week

₴11009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17544
₴12605
₴12795
₴13192
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 850
health
-
-
-
2 695
unemployment
-
-
-
577
income
-
-
-
4 707
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.

13 175
5 244
32 218
-
pensions
1 318
524
3 222
-
unemployment
198
79
483
-
income
1 611
641
3 939
-
health
922
367
2 255
-
total
4 049
1 611
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.

13 175
5 244
32 218
-
pensions
2 569
1 023
6 282
-
total
2 569
1 023
6 282
-
Corporate
22 755
32 234
-
-
income
2 048
2 901
-
-
total
2 048
2 901
-
-
Dividends
20 707
29 333
-
-
withholding
3 934
5 573
-
-
social contributions
3 978
5 660
-
-
total
7 912
11 233
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 578
16 768
16 181
11 829
After tax
21 922
21 732
22 319
26 671
Living cost
9 127
9 127
9 127
9 127
Free-cash
12 795
12 605
13 192
17 544

Estimated living cost  is ₴9127 per week

₴6229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴747
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1970
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8643
₴18807
₴15722
₴10196
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
7 700
health
-
-
-
5 005
income
-
-
-
5 159
total
-
-
-
17 864
Employee
14 085
-
28 774
-
pensions
282
-
576
-
unemployment
225
-
461
-
income
1 586
-
5 548
-
total
2 093
-
6 585
-
Employer
14 085
-
28 774
-
pensions
2 817
-
5 755
-
unemployment
113
-
230
-
health
1 831
-
3 741
-
total
4 761
-
9 726
-
Corporate
19 654
38 500
-
-
income
3 931
7 700
-
-
total
3 931
7 700
-
-
Dividends
15 723
30 800
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
10 785
7 700
16 311
17 864
After tax
27 715
30 800
22 189
20 636
Living cost
11 993
11 993
11 993
11 993
Free-cash
15 722
18 807
10 196
8 643

Estimated living cost  is ₴11993 per week

₴8226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴714
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.
₴2812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15391
-₴7991
₴1413
₴8411
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 101
health
-
-
-
1 101
other
-
-
-
187
accident
-
-
-
128
income
-
-
-
8 482
total
-
-
-
11 999
Employee
17 476
-
31 982
-
pensions
1 968
-
3 601
-
income
2 398
-
5 198
-
health
2 001
-
3 662
-
total
6 367
-
12 461
-
Employer
17 476
-
31 982
-
pensions
2 842
-
5 200
-
unemployment
428
-
784
-
accident
292
-
534
-
total
3 562
-
6 518
-
Corporate
17 462
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.

15 716
34 650
-
-
total
15 716
34 650
-
-
Dividends
1 746
3 850
-
-
withholding
332
731
-
-
total
332
731
-
-
Income
38 500
38 500
38 500
38 500
Total tax
25 977
35 381
18 979
11 999
After tax
12 523
3 119
19 521
26 501
Living cost
11 110
11 110
11 110
11 110
Free-cash
1 413
-7 991
8 411
15 391

Estimated living cost  is ₴11110 per week

₴8142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34058
₴32518
₴31758
₴26743
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 071
-
38 500
-
income
1 014
-
7 700
-
total
1 014
-
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%.

33 429
38 500
-
-
total
-
-
-
-
Dividends
33 429
38 500
-
-
withholding
1 671
1 925
-
-
total
1 671
1 925
-
-
Income
38 500
38 500
38 500
38 500
Total tax
2 685
1 925
7 700
385
After tax
35 815
36 575
30 800
38 115
Living cost
4 057
4 057
4 057
4 057
Free-cash
31 758
32 518
26 743
34 058

Estimated living cost  is ₴4057 per week

₴2514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴112
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7617
₴15056
₴11701
₴9338
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health
-
-
-
1 694
other
-
-
-
1 829
income
-
-
-
4 890
total
-
-
-
17 653
Employee
18 028
-
30 751
-
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.

1 262
-
2 152
-
unemployment
180
-
307
-
income
3 104
-
5 293
-
health
253
-
431
-
total
4 799
-
8 183
-
Employer
18 028
-
30 751
-
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.

3 065
-
5 227
-
other
902
-
1 538
-
unemployment
180
-
307
-
accident
144
-
246
-
health
253
-
431
-
total
4 544
-
7 749
-
Corporate
15 929
38 500
-
-
income
3 345
8 085
-
-
total
3 345
8 085
-
-
Dividends
12 584
30 415
-
-
withholding
881
2 129
-
-
total
881
2 129
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 569
10 214
15 932
17 653
After tax
24 931
28 286
22 568
20 847
Living cost
13 230
13 230
13 230
13 230
Free-cash
11 701
15 056
9 338
7 617

Estimated living cost  is ₴13230 per week

₴9348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Bratislava model

Close
London , United Kingdom
-₴4118
-₴3956
-₴14271
-₴8348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 646
income
-
-
-
7 170
total
-
-
-
9 816
Employee
46 410
-
34 076
-
pensions
4 477
-
2 997
-
income
8 366
-
6 113
-
health
765
-
512
-
total
13 608
-
9 622
-
Employer
46 410
-
34 076
-
pensions
5 480
-
3 777
-
health
881
-
647
-
total
6 361
-
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
-
2 339
-
-
total
-
2 339
-
-
Income
38 500
38 500
38 500
38 500
Total tax
19 969
9 654
14 046
9 816
After tax
18 531
28 846
24 454
28 684
Living cost
32 802
32 802
32 802
32 802
Free-cash
-14 271
-3 956
-8 348
-4 118

Estimated living cost  is ₴32802 per week

₴24579
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3854
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.
₴4103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴21580
₴26405
₴24098
₴22561
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 568
health
-
-
-
1 995
unemployment
-
-
-
69
income
-
-
-
5 775
total
-
-
-
10 407
Employee
8 624
-
35 096
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

757
-
1 524
-
income
862
-
3 509
-
health
397
-
798
-
total
2 111
-
6 022
-
Employer
8 624
-
35 096
-
pensions

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

950
-
1 912
-
unemployment
52
-
104
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
health
595
-
1 197
-
total
1 692
-
3 404
-
Corporate
28 183
38 500
-
-
income
2 818
3 850
-
-
total
2 818
3 850
-
-
Dividends
25 365
34 650
-
-
withholding
1 268
1 732
-
-
total
1 268
1 732
-
-
Income
38 500
38 500
38 500
38 500
Total tax
7 889
5 582
9 426
10 407
After tax
30 611
32 918
29 074
28 093
Living cost
6 513
6 513
6 513
6 513
Free-cash
24 098
26 405
22 561
21 580

Estimated living cost  is ₴6513 per week

₴3802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2073
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5616
-₴14749
-₴15592
-₴17536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 817
health
-
-
-
5 313
income
-
-
-
5 454
total
-
-
-
16 584
Employee
46 033
42 400
42 400
-
pensions
5 817
5 817
7 632
-
income

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

6 940
6 940
6 940
-
health
5 743
5 536
6 508
-
total
18 500
18 293
21 080
-
Employer
46 033
42 400
42 400
-
pensions
3 204
2 951
2 951
-
unemployment
1 657
1 526
1 526
-
health
3 199
2 947
2 947
-
total
8 060
7 424
7 424
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
26 560
25 717
28 504
16 584
After tax
11 940
12 783
9 996
21 916
Living cost
27 532
27 532
27 532
27 532
Free-cash
-15 592
-14 749
-17 536
-5 616

Estimated living cost  is ₴27532 per week

₴20310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6414
₴14169
₴9768
₴7198
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 197
social contributions
-
-
-
11 242
solidarity contribution
-
-
-
-
income
-
-
-
3 309
total
-
-
-
19 748
Employee
18 145
-
28 731
-
social contributions
1 179
-
1 868
-
income
2 177
-
3 448
-
solidarity contribution
-
-
-
-
health
2 450
-
3 879
-
total
5 806
-
9 195
-
Employer
18 145
-
28 731
-
social contributions
4 536
-
7 183
-
health
1 633
-
2 586
-
total
6 169
-
9 769
-
Corporate
14 186
38 500
-
-
income
2 695
7 315
-
-
total
2 695
7 315
-
-
Dividends
11 491
31 185
-
-
withholding
1 724
4 678
-
-
total
1 724
4 678
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 394
11 993
18 964
19 748
After tax
22 106
26 507
19 536
18 752
Living cost
12 338
12 338
12 338
12 338
Free-cash
9 768
14 169
7 198
6 414

Estimated living cost  is ₴12338 per week

₴8570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴387
-₴410
-₴5627
-₴2315
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
229
regional
-
-
-
405
social contributions
-
-
-
9 902
national
-
-
-
7 400
total
-
-
-
17 936
Employee
44 127
-
38 500
-
social contributions
14 880
-
12 982
-
municipal
234
-
204
-
regional
416
-
354
-
national
7 646
-
6 324
-
total
23 176
-
19 864
-
Employer
44 127
-
38 500
-
total
-
-
-
-
Corporate
-
38 500
-
-
nationa
-
9 240
-
-
municipal
-
1 502
-
-
total
-
10 742
-
-
Dividends
-
27 758
-
-
withholding
-
7 217
-
-
total
-
7 217
-
-
Income
38 500
38 500
38 500
38 500
Total tax
23 176
17 959
19 864
17 936
After tax
15 324
20 541
18 636
20 564
Living cost
20 951
20 951
20 951
20 951
Free-cash
-5 627
-410
-2 315
-387

Estimated living cost  is ₴20951 per week

₴14604
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1374
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4651
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9966
₴13260
₴11716
₴9113
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
7 700
health
-
-
-
2 734
surtax
-
-
-
621
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
6 410
total
-
-
-
17 578
Employee
16 419
-
31 805
-
surtax
54
-
557
-
pensions
1 095
-
2 121
-
other
-
-
-
-
unemployment
1 143
-
2 213
-
income
2 752
-
6 035
-
health
419
-
811
-
total
5 463
-
11 737
-
Employer
16 419
-
31 805
-
pensions
2 189
-
4 240
-
other
-
-
-
-
unemployment
520
-
1 008
-
health
747
-
1 446
-
total
3 456
-
6 694
-
Corporate
18 625
38 500
-
-
income
4 842
10 010
-
-
total
4 842
10 010
-
-
Dividends
13 783
28 490
-
-
withholding
2 067
4 274
-
-
total
2 067
4 274
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 828
14 284
18 431
17 578
After tax
22 672
24 216
20 069
20 922
Living cost
10 956
10 956
10 956
10 956
Free-cash
11 716
13 260
9 113
9 966

Estimated living cost  is ₴10956 per week

₴6699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1011
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.
₴2993
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6274
₴6436
₴2576
₴2044
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 646
income
-
-
-
7 170
total
-
-
-
9 816
Employee
31 103
-
34 076
-
pensions
2 640
-
2 997
-
income
5 602
-
6 113
-
health
452
-
512
-
total
8 694
-
9 622
-
Employer
31 103
-
34 076
-
pensions
3 367
-
3 777
-
health
591
-
647
-
total
3 958
-
4 424
-
Corporate
3 439
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.

654
7 315
-
-
total
654
7 315
-
-
Dividends
2 786
31 185
-
-
withholding
208
2 339
-
-
total
208
2 339
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 514
9 654
14 046
9 816
After tax
24 986
28 846
24 454
28 684
Living cost
22 410
22 410
22 410
22 410
Free-cash
2 576
6 436
2 044
6 274

Estimated living cost  is ₴22410 per week

₴16789
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.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-₴7146
-₴21993
-₴12252
-₴9123
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 051
city
-
-
-
406
pensions
-
-
-
3 542
health
-
-
-
129
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
national
-
-
-
151
total
-
-
-
6 049
Employee
46 339
-
34 459
-
regional
1 517
-
898
-
national
219
-
126
-
pensions
3 893
-
2 894
-
unemployment
-
-
-
-
city
497
-
370
-
health
105
-
77
-
total
6 231
-
4 365
-
Employer
46 339
-
34 459
-
pensions
3 893
-
2 894
-
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.

926
-
690
-
unemployment
-
-
-
-
health
105
-
77
-
total
4 924
-
3 661
-
Corporate
-
38 500
-
-
regional
-
8 143
-
-
national
-
3 273
-
-
total
-
11 416
-
-
Dividends
-
27 084
-
-
withholding
-
9 480
-
-
total
-
9 480
-
-
Income
38 500
38 500
38 500
38 500
Total tax
11 155
20 896
8 026
6 049
After tax
27 345
17 604
30 474
32 451
Living cost
39 597
39 597
39 597
39 597
Free-cash
-12 252
-21 993
-9 123
-7 146

Estimated living cost  is ₴39597 per week

₴25750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3553
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9808
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3100
-₴3644
₴4408
₴5744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
2 644
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.

-
-
-
3 392
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.

-
-
-
345
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.

-
-
-
6 274
total
-
-
-
12 655
Employee

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

29 839
-
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.

193
-
345
-
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.

3 509
-
6 274
-
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.

3 392
-
3 392
-
total
7 094
-
10 011
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
8 661
38 500
-
-
trade
1 485
6 603
-
-
income
1 299
5 775
-
-
chamber of commerce
88
130
-
-
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.

72
318
-
-
total
2 944
12 826
-
-
Dividends
5 717
25 675
-
-
withholding
1 241
6 230
-
-
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.

68
343
-
-
total
1 309
6 573
-
-
Income
38 500
38 500
38 500
38 500
Total tax
11 347
19 399
10 011
12 655
After tax
27 153
19 101
28 489
25 845
Living cost
22 745
22 745
22 745
22 745
Free-cash
4 408
-3 644
5 744
3 100

Estimated living cost  is ₴22745 per week

₴16612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1819
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4019
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5237
₴2417
₴5350
₴5966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
11 531
health
-
-
-
333
surtax
-
-
-
-
other
-
-
-
1 194
social contributions
-
-
-
1 098
income
-
-
-
2 120
total
-
-
-
16 276
Employee
21 250
-
29 338
-
social contributions
606
-
836
-
surtax
-
-
-
-
pensions
2 403
-
3 318
-
income
1 254
-
2 231
-
total
4 263
-
6 385
-
Employer
21 250
-
29 338
-
pensions
3 491
-
4 820
-
social contributions
64
-
88
-
other
733
-
1 012
-
unemployment
860
-
1 188
-
health
1 488
-
2 054
-
total
6 636
-
9 162
-
Corporate
10 614
38 500
-
-
income
2 972
10 780
-
-
surtax
-
-
-
-
total
2 972
10 780
-
-
Dividends
7 642
27 720
-
-
withholding
978
3 548
-
-
surtax
-
-
-
-
social contributions
1 314
4 768
-
-
total
2 292
8 316
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 163
19 096
15 547
16 276
After tax
22 337
19 404
22 953
22 224
Living cost
16 987
16 987
16 987
16 987
Free-cash
5 350
2 417
5 966
5 237

Estimated living cost  is ₴16987 per week

₴10711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1381
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6920
₴4100
₴6857
₴7649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
11 531
health
-
-
-
333
surtax
-
-
-
-
other
-
-
-
1 194
social contributions
-
-
-
1 098
income
-
-
-
2 120
total
-
-
-
16 276
Employee
18 968
-
29 338
-
social contributions
541
-
836
-
surtax
-
-
-
-
pensions
2 145
-
3 318
-
income
978
-
2 231
-
total
3 664
-
6 385
-
Employer
18 968
-
29 338
-
pensions
3 117
-
4 820
-
social contributions
57
-
88
-
other
655
-
1 012
-
unemployment
768
-
1 188
-
health
1 328
-
2 054
-
total
5 925
-
9 162
-
Corporate
13 608
38 500
-
-
income
3 810
10 780
-
-
surtax
-
-
-
-
total
3 810
10 780
-
-
Dividends
9 797
27 720
-
-
withholding
1 254
3 548
-
-
surtax
-
-
-
-
social contributions
1 686
4 768
-
-
total
2 940
8 316
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 339
19 096
15 547
16 276
After tax
22 161
19 404
22 953
22 224
Living cost
15 304
15 304
15 304
15 304
Free-cash
6 857
4 100
7 649
6 920

Estimated living cost  is ₴15304 per week

₴8876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1555
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14197
₴12961
₴13216
₴14842
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 687
social contributions
-
-
-
5 313
income
-
-
-
5 775
total
-
-
-
13 775
Employee
16 835
-
38 500
-
social contributions
2 324
-
5 313
-
income
2 808
-
5 130
-
health
1 175
-
2 687
-
total
6 307
-
13 130
-
Employer
16 835
-
38 500
-
total
-
-
-
-
Corporate
21 665
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%.

1 084
1 925
-
-
total
1 084
1 925
-
-
Dividends
20 582
36 575
-
-
withholding
3 088
5 487
-
-
social contributions
2 840
5 047
-
-
health
1 437
2 552
-
-
total
7 365
13 086
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 756
15 011
13 130
13 775
After tax
23 744
23 489
25 370
24 725
Living cost
10 528
10 528
10 528
10 528
Free-cash
13 216
12 961
14 842
14 197

Estimated living cost  is ₴10528 per week

₴7046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴649
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3043
₴4274
₴3507
-₴4318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
7 122
health
-
-
-
2 945
surtax
-
-
-
98
unemployment
-
-
-
3 045
income
-
-
-
4 598
chamber of commerce
-
-
-
154
total
-
-
-
17 962
Employee
24 813
19 787
29 821
-
pensions
2 541
2 026
3 054
-
other
248
198
298
-
unemployment
744
594
894
-
income
2 825
1 459
4 261
-
health
960
766
1 154
-
total
7 318
5 043
9 661
-
Employer
24 813
19 787
29 821
-
payroll
744
594
894
-
chamber of commerce
99
79
120
-
pensions
3 114
2 484
3 742
-
surtax
98
98
98
-
other
1 179
939
1 416
-
unemployment
744
594
894
-
accident
322
257
387
-
health
938
748
1 127
-
total
7 238
5 793
8 678
-
Corporate
6 449
12 921
27 937
-
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.

1 612
3 230
6 984
-
total
1 612
3 230
6 984
-
Dividends
4 836
9 691
-
-
withholding
1 330
2 665
-
-
total
1 330
2 665
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 498
16 731
25 323
17 962
After tax
21 002
21 769
13 177
20 538
Living cost
17 495
17 495
17 495
17 495
Free-cash
3 507
4 274
-4 318
3 043

Estimated living cost  is ₴17495 per week

₴11668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1088
₴3530
-₴7354
-₴2428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 404
communal

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

-
-
-
1 986
national
-
-
-
11 919
total
-
-
-
19 309
Employee

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

35 516
-
29 820
-
national
10 919
-
8 691
-
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.

2 664
-
2 237
-
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.

309
-
259
-
communal

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

1 852
-
1 556
-
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.

1 669
-
1 402
-
total
17 413
-
14 145
-
Employer

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

35 516
-
29 820
-
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.

3 147
-
2 642
-
surtax
4 027
-
3 381
-
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.

518
-
435
-
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.

462
-
387
-
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.

2 184
-
1 835
-
total
10 338
-
8 680
-
Corporate
-
38 500
-
-
income
-
7 700
-
-
surtax
-
154
-
-
total
-
7 854
-
-
Dividends
-
30 647
-
-
withholding

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

-
9 013
-
-
total
-
9 013
-
-
Income
38 500
38 500
38 500
38 500
Total tax
27 751
16 867
22 825
19 309
After tax
10 749
21 633
15 675
19 191
Living cost
18 103
18 103
18 103
18 103
Free-cash
-7 354
3 530
-2 428
1 088

Estimated living cost  is ₴18103 per week

₴11661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1583
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.
₴4576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2661
₴8035
₴4067
₴2934
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 896
other
-
-
-
39
unemployment
-
-
-
269
accident
-
-
-
347
income
-
-
-
6 357
total
-
-
-
17 908
Employee
24 715
-
29 194
-
pensions
1 162
-
1 372
-
other
24
-
29
-
unemployment
383
-
452
-
income
5 215
-
6 474
-
total
6 784
-
8 327
-
Employer
24 715
-
29 194
-
pensions
5 832
-
6 890
-
other
197
-
234
-
unemployment
1 360
-
1 606
-
accident
489
-
578
-
total
7 878
-
9 308
-
Corporate
5 907
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.

886
5 775
-
-
total
886
5 775
-
-
Dividends
5 021
32 725
-
-
withholding
954
6 759
-
-
total
954
6 759
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 502
12 534
17 635
17 908
After tax
21 998
25 966
20 865
20 592
Living cost
17 931
17 931
17 931
17 931
Free-cash
4 067
8 035
2 934
2 661

Estimated living cost  is ₴17931 per week

₴13204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1272
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.
₴3196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3864
-₴3131
-₴3593
-₴1875
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 771
health
-
-
-
2 705
surtax
-
-
-
1 909
accident
-
-
-
325
communal
-
-
-
2 433
income
-
-
-
2 239
total
-
-
-
15 382
Employee
37 600
-
34 391
-
surtax
2 305
-
2 108
-
pensions
3 008
-
2 751
-
income
3 632
-
2 895
-
health
1 673
-
1 530
-
total
10 618
-
9 284
-
Employer
37 600
-
34 391
-
pensions
3 008
-
2 751
-
accident
338
-
309
-
health
1 147
-
1 049
-
total
4 493
-
4 109
-
Corporate
-
38 500
-
-
communal
-
2 599
-
-
income
-
5 775
-
-
surtax
-
404
-
-
total
-
8 778
-
-
Dividends
-
29 722
-
-
withholding
-
4 459
-
-
income
-
1 412
-
-
total
-
5 871
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 111
14 649
13 393
15 382
After tax
23 389
23 851
25 107
23 118
Living cost
26 982
26 982
26 982
26 982
Free-cash
-3 593
-3 131
-1 875
-3 864

Estimated living cost  is ₴26982 per week

₴20241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9770
₴13064
₴11485
₴8917
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
7 700
health
-
-
-
2 734
surtax
-
-
-
621
other
-
-
-
-
unemployment
-
-
-
113
income
-
-
-
6 410
total
-
-
-
17 578
Employee
16 721
-
31 805
-
surtax
59
-
557
-
pensions
1 116
-
2 121
-
other
-
-
-
-
unemployment
1 164
-
2 213
-
income
2 803
-
6 035
-
health
427
-
811
-
total
5 569
-
11 737
-
Employer
16 721
-
31 805
-
pensions
2 229
-
4 240
-
other
-
-
-
-
unemployment
530
-
1 008
-
health
760
-
1 446
-
total
3 519
-
6 694
-
Corporate
18 259
38 500
-
-
income
4 748
10 010
-
-
total
4 748
10 010
-
-
Dividends
13 511
28 490
-
-
withholding
2 027
4 274
-
-
total
2 027
4 274
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 863
14 284
18 431
17 578
After tax
22 637
24 216
20 069
20 922
Living cost
11 152
11 152
11 152
11 152
Free-cash
11 485
13 064
8 917
9 770

Estimated living cost  is ₴11152 per week

₴6733
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7013
₴6861
₴5759
₴5097
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
229
regional
-
-
-
581
social contributions
-
-
-
9 902
national
-
-
-
7 400
total
-
-
-
18 112
Employee
27 542
-
38 500
-
social contributions
9 287
-
12 982
-
municipal
146
-
204
-
regional
371
-
518
-
national
4 363
-
6 324
-
total
14 167
-
20 028
-
Employer
27 542
-
38 500
-
total
-
-
-
-
Corporate
10 958
38 500
-
-
nationa
2 630
9 240
-
-
municipal
545
1 914
-
-
total
3 175
11 154
-
-
Dividends
7 784
27 346
-
-
withholding
2 024
7 110
-
-
total
2 024
7 110
-
-
Income
38 500
38 500
38 500
38 500
Total tax
19 366
18 264
20 028
18 112
After tax
19 134
20 236
18 472
20 388
Living cost
13 375
13 375
13 375
13 375
Free-cash
5 759
6 861
5 097
7 013

Estimated living cost  is ₴13375 per week

₴8318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1355
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.
₴3473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3548
₴11303
₴5881
₴4332
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 197
social contributions
-
-
-
11 242
solidarity contribution
-
-
-
-
income
-
-
-
3 309
total
-
-
-
19 748
Employee
22 359
-
28 731
-
social contributions
1 453
-
1 868
-
income
2 683
-
3 448
-
solidarity contribution
-
-
-
-
health
3 018
-
3 879
-
total
7 154
-
9 195
-
Employer
22 359
-
28 731
-
social contributions
5 590
-
7 183
-
health
2 012
-
2 586
-
total
7 602
-
9 769
-
Corporate
8 539
38 500
-
-
income
1 622
7 315
-
-
total
1 622
7 315
-
-
Dividends
6 916
31 185
-
-
withholding
1 037
4 678
-
-
total
1 037
4 678
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 415
11 993
18 964
19 748
After tax
21 085
26 507
19 536
18 752
Living cost
15 204
15 204
15 204
15 204
Free-cash
5 881
11 303
4 332
3 548

Estimated living cost  is ₴15204 per week

₴11307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴4796
₴5983
₴5736
-₴2642
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
7 122
health
-
-
-
2 945
surtax
-
-
-
-
unemployment
-
-
-
3 045
income
-
-
-
4 598
chamber of commerce
-
-
-
154
total
-
-
-
17 864
Employee
21 704
19 787
29 897
-
pensions
2 223
2 026
3 061
-
other
217
198
299
-
unemployment
651
594
897
-
income
1 933
1 459
4 281
-
health
840
766
1 157
-
total
5 864
5 043
9 695
-
Employer
21 704
19 787
29 897
-
payroll
651
594
897
-
chamber of commerce
87
79
120
-
pensions
2 724
2 484
3 752
-
surtax
-
-
-
-
other
1 031
939
1 420
-
unemployment
651
594
897
-
accident
282
257
388
-
health
821
748
1 130
-
total
6 247
5 695
8 604
-
Corporate
10 550
13 019
28 012
-
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.

2 637
3 254
7 003
-
total
2 637
3 254
7 003
-
Dividends
7 913
9 764
-
-
withholding
2 176
2 685
-
-
total
2 176
2 685
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 924
16 677
25 302
17 864
After tax
21 576
21 823
13 198
20 636
Living cost
15 840
15 840
15 840
15 840
Free-cash
5 736
5 983
-2 642
4 796

Estimated living cost  is ₴15840 per week

₴9502
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4438
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31793
₴30253
₴29067
₴24478
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 903
-
38 500
-
income
1 581
-
7 700
-
total
1 581
-
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%.

30 597
38 500
-
-
total
-
-
-
-
Dividends
30 597
38 500
-
-
withholding
1 530
1 925
-
-
total
1 530
1 925
-
-
Income
38 500
38 500
38 500
38 500
Total tax
3 111
1 925
7 700
385
After tax
35 389
36 575
30 800
38 115
Living cost
6 322
6 322
6 322
6 322
Free-cash
29 067
30 253
24 478
31 793

Estimated living cost  is ₴6322 per week

₴4278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
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.
₴1566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7092
₴13190
₴9038
₴5989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
7 031
health
-
-
-
3 788
unemployment
-
-
-
57
income
-
-
-
7 215
total
-
-
-
18 091
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.

21 956
-
33 314
-
pensions
3 403
-
5 163
-
unemployment
31
-
46
-
income
3 786
-
6 647
-
health
1 418
-
2 152
-
total
8 638
-
14 008
-
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.

21 956
-
33 314
-
pensions
1 943
-
2 948
-
unemployment
13
-
20
-
health
1 462
-
2 218
-
total
3 418
-
5 186
-
Corporate
13 126
38 500
-
-
income
2 494
7 315
-
-
total
2 494
7 315
-
-
Dividends
10 632
31 185
-
-
withholding
1 595
4 678
-
-
total
1 595
4 678
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 145
11 993
19 194
18 091
After tax
22 355
26 507
19 306
20 409
Living cost
13 317
13 317
13 317
13 317
Free-cash
9 038
13 190
5 989
7 092

Estimated living cost  is ₴13317 per week

₴9140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴854
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.
₴3067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4944
₴1760
-₴36358
₴10232
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 389
income
-
-
-
7 504
total
-
-
-
11 893
Employee
31 061
-
-
-
social contributions
2 547
-
363
-
income
6 852
-
-
-
total
9 399
-
363
-
Employer
31 061
-
-
-
social contributions
43 796
-
6 242
-
total
43 796
-
6 242
-
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
53 195
15 077
6 605
11 893
After tax
-14 695
23 423
31 895
26 607
Living cost
21 663
21 663
21 663
21 663
Free-cash
-36 358
1 760
10 232
4 944

Estimated living cost  is ₴21663 per week

₴14056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2037
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.
₴5294
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6253
₴6325
₴5826
₴4705
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
social contributions

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

-
-
-
13 379
income
-
-
-
3 294
total
-
-
-
16 673
Employee
22 836
-
31 111
-
social contributions
2 512
-
3 422
-
surtax
-
-
-
-
income
4 750
-
7 410
-
total
7 262
-
10 832
-
Employer
22 836
-
31 111
-
social contributions
5 423
-
7 389
-
total
5 423
-
7 389
-
Corporate
10 241
38 500
-
-
income
2 150
8 085
-
-
surtax
-
-
-
-
total
2 150
8 085
-
-
Dividends
8 091
30 415
-
-
withholding
2 265
8 516
-
-
total
2 265
8 516
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 100
16 601
18 221
16 673
After tax
21 400
21 899
20 279
21 827
Living cost
15 574
15 574
15 574
15 574
Free-cash
5 826
6 325
4 705
6 253

Estimated living cost  is ₴15574 per week

₴11652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴919
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1757
-₴4577
-₴2310
-₴1028
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
11 531
health
-
-
-
333
surtax
-
-
-
-
other
-
-
-
1 194
social contributions
-
-
-
1 098
income
-
-
-
2 120
total
-
-
-
16 276
Employee
31 097
-
29 338
-
social contributions
886
-
836
-
surtax
-
-
-
-
pensions
3 517
-
3 318
-
income
2 713
-
2 231
-
total
7 116
-
6 385
-
Employer
31 097
-
29 338
-
pensions
5 110
-
4 820
-
social contributions
93
-
88
-
other
1 073
-
1 012
-
unemployment
1 260
-
1 188
-
health
2 177
-
2 054
-
total
9 713
-
9 162
-
Corporate
-
38 500
-
-
income
-
10 780
-
-
surtax
-
-
-
-
total
-
10 780
-
-
Dividends
-
27 720
-
-
withholding
-
3 548
-
-
surtax
-
-
-
-
social contributions
-
4 768
-
-
total
-
8 316
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 829
19 096
15 547
16 276
After tax
21 671
19 404
22 953
22 224
Living cost
23 981
23 981
23 981
23 981
Free-cash
-2 310
-4 577
-1 028
-1 757

Estimated living cost  is ₴23981 per week

₴16230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1962
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.
₴5460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14734
₴19725
₴18058
₴15815
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 470
income
-
-
-
371
total
-
-
-
8 841
Employee
15 962
-
33 334
-
social contributions
1 037
-
2 166
-
income
-
-
428
-
total
1 037
-
2 594
-
Employer
15 962
-
33 334
-
social contributions
2 474
-
5 166
-
total
2 474
-
5 166
-
Corporate
20 063
38 500
-
-
income
2 006
3 850
-
-
total
2 006
3 850
-
-
Dividends
18 057
34 650
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
5 517
3 850
7 760
8 841
After tax
32 983
34 650
30 740
29 659
Living cost
14 925
14 925
14 925
14 925
Free-cash
18 058
19 725
15 815
14 734

Estimated living cost  is ₴14925 per week

₴9650
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1125
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.
₴3869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴460
-₴69554
-₴69554
-₴69554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
6 765
pensions
-
-
-
430
labour market
-
-
-
3 046
national
-
-
-
3 914
total
-
-
-
14 155
Employee
100 812
100 812
100 812
-
municipal
21 467
21 467
21 467
-
national
12 316
12 316
12 316
-
pensions
143
143
143
-
labour market
8 053
8 053
8 053
-
total
41 979
41 979
41 979
-
Employer
100 812
100 812
100 812
-
labour market
8 065
8 065
8 065
-
pensions
287
287
287
-
municipal
21 501
21 501
21 501
-
national
12 337
12 337
12 337
-
total
42 190
42 190
42 190
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
84 169
84 169
84 169
14 155
After tax
-45 669
-45 669
-45 669
24 345
Living cost
23 885
23 885
23 885
23 885
Free-cash
-69 554
-69 554
-69 554
460

Estimated living cost  is ₴23885 per week

₴16347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2113
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴367
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15555
-₴7827
₴1438
₴8575
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 101
health
-
-
-
1 101
other
-
-
-
187
accident
-
-
-
128
income
-
-
-
8 482
total
-
-
-
11 999
Employee
17 218
-
31 982
-
pensions
1 939
-
3 601
-
income
2 362
-
5 198
-
health
1 972
-
3 662
-
total
6 273
-
12 461
-
Employer
17 218
-
31 982
-
pensions
2 800
-
5 200
-
unemployment
422
-
784
-
accident
288
-
534
-
total
3 510
-
6 518
-
Corporate
17 772
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.

15 995
34 650
-
-
total
15 995
34 650
-
-
Dividends
1 777
3 850
-
-
withholding
338
731
-
-
total
338
731
-
-
Income
38 500
38 500
38 500
38 500
Total tax
26 116
35 381
18 979
11 999
After tax
12 384
3 119
19 521
26 501
Living cost
10 946
10 946
10 946
10 946
Free-cash
1 438
-7 827
8 575
15 555

Estimated living cost  is ₴10946 per week

₴7967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9412
₴7189
₴5153
₴3786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
6 860
health
-
-
-
385
national
-
-
-
2 781
total
-
-
-
10 026
Employee
26 122
-
32 389
-
municipal
4 279
-
5 296
-
national
432
-
1 282
-
pensions
1 763
-
2 186
-
unemployment
392
-
486
-
health
195
-
291
-
total
7 061
-
9 541
-
Employer
26 122
-
32 389
-
pensions
4 532
-
5 619
-
unemployment
170
-
210
-
accident
26
-
32
-
health
201
-
250
-
total
4 929
-
6 111
-
Corporate
7 449
38 500
-
-
income
1 490
7 700
-
-
total
1 490
7 700
-
-
Dividends

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

4 469
23 100
-
-
municipal
805
4 158
-
-
national
-
391
-
-
total
805
4 549
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 285
12 249
15 652
10 026
After tax
24 215
26 251
22 848
28 474
Living cost
19 062
19 062
19 062
19 062
Free-cash
5 153
7 189
3 786
9 412

Estimated living cost  is ₴19062 per week

₴12451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17132
₴15776
₴14048
₴16331
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
982
social contributions
-
-
-
6 006
income
-
-
-
2 884
total
-
-
-
9 872
Employee
38 179
38 179
38 179
-
social contributions
1 443
3 169
2 901
-
income
4 157
3 534
3 630
-
health
296
649
595
-
total
5 896
7 352
7 126
-
Employer
38 179
38 179
38 179
-
social contributions
1 443
3 169
2 901
-
health
321
707
646
-
total
1 764
3 876
3 547
-
Corporate
19 343
-
-
-
income
2 418
-
-
-
total
2 418
-
-
-
Dividends
16 926
-
-
-
withholding
2 878
-
-
-
total
2 878
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 956
11 228
10 673
9 872
After tax
25 544
27 272
27 827
28 628
Living cost
11 496
11 496
11 496
11 496
Free-cash
14 048
15 776
16 331
17 132

Estimated living cost  is ₴11496 per week

₴6890
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22135
₴23998
₴21471
₴15903
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 158
health
-
-
-
1 797
unemployment
-
-
-
14
income
-
-
-
3 513
total
-
-
-
8 482
Employee

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

11 397
-
34 904
-
pensions
1 709
-
5 236
-
unemployment
57
-
174
-
income
779
-
2 743
-
health
969
-
2 967
-
total
3 514
-
11 120
-
Employer

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

11 397
-
34 904
-
pensions
627
-
1 919
-
unemployment
57
-
174
-
health
490
-
1 501
-
total
1 174
-
3 594
-
Corporate
25 930
38 500
-
-
income
2 334
3 465
-
-
total
2 334
3 465
-
-
Dividends
23 596
35 035
-
-
withholding
2 124
3 154
-
-
total
2 124
3 154
-
-
Income
38 500
38 500
38 500
38 500
Total tax
9 146
6 619
14 714
8 482
After tax
29 354
31 881
23 786
30 018
Living cost
7 883
7 883
7 883
7 883
Free-cash
21 471
23 998
15 903
22 135

Estimated living cost  is ₴7883 per week

₴5030
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴568
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6939
₴12313
₴9707
₴7212
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 896
other
-
-
-
39
unemployment
-
-
-
269
accident
-
-
-
347
income
-
-
-
6 357
total
-
-
-
17 908
Employee
18 359
-
29 194
-
pensions
863
-
1 372
-
other
18
-
29
-
unemployment
285
-
452
-
income
3 539
-
6 474
-
total
4 705
-
8 327
-
Employer
18 359
-
29 194
-
pensions
4 332
-
6 890
-
other
147
-
234
-
unemployment
1 010
-
1 606
-
accident
364
-
578
-
total
5 853
-
9 308
-
Corporate
14 288
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.

2 144
5 775
-
-
total
2 144
5 775
-
-
Dividends
12 145
32 725
-
-
withholding
2 438
6 759
-
-
total
2 438
6 759
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 140
12 534
17 635
17 908
After tax
23 360
25 966
20 865
20 592
Living cost
13 653
13 653
13 653
13 653
Free-cash
9 707
12 313
7 212
6 939

Estimated living cost  is ₴13653 per week

₴9216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1313
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2886
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23491
₴23057
₴22898
₴23422
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
705
health
-
-
-
511
income
-
-
-
12 826
total
-
-
-
14 042
Employee
1 473
-
37 706
-
pensions
133
-
317
-
unemployment
15
-
35
-
income
285
-
12 789
-
health
74
-
176
-
total
507
-
13 317
-
Employer
1 473
-
37 706
-
pensions
162
-
388
-
unemployment
29
-
71
-
health
140
-
335
-
total
331
-
794
-
Corporate
36 695
38 500
-
-
income
8 073
8 470
-
-
total
8 073
8 470
-
-
Dividends
28 622
30 030
-
-
withholding
5 724
6 006
-
-
total
5 724
6 006
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 635
14 476
14 111
14 042
After tax
23 865
24 024
24 389
24 458
Living cost
967
967
967
967
Free-cash
22 898
23 057
23 422
23 491

Estimated living cost  is ₴967 per week

₴575
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.
₴292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10442
₴19235
₴16793
₴11427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 534
health
-
-
-
3 777
unemployment
-
-
-
550
income
-
-
-
5 616
total
-
-
-
19 477
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.

12 940
-
32 655
-
pensions
1 812
-
4 572
-
unemployment
97
-
245
-
income
1 784
-
6 147
-
health
666
-
1 682
-
total
4 359
-
12 646
-
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.

12 940
-
32 655
-
pensions
1 553
-
3 919
-
unemployment
97
-
245
-
health
666
-
1 682
-
total
2 316
-
5 846
-
Corporate
23 244
38 500
-
-
income
3 487
5 775
-
-
total
3 487
5 775
-
-
Dividends
19 757
32 725
-
-
withholding
2 964
4 909
-
-
total
2 964
4 909
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 126
10 684
18 492
19 477
After tax
25 374
27 816
20 008
19 023
Living cost
8 581
8 581
8 581
8 581
Free-cash
16 793
19 235
11 427
10 442

Estimated living cost  is ₴8581 per week

₴5778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴664
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1891
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8441
₴8513
₴8335
₴6893
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
social contributions

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

-
-
-
13 379
income
-
-
-
3 294
total
-
-
-
16 673
Employee
19 271
-
31 111
-
social contributions
2 120
-
3 422
-
surtax
-
-
-
-
income
3 765
-
7 410
-
total
5 885
-
10 832
-
Employer
19 271
-
31 111
-
social contributions
4 576
-
7 389
-
total
4 576
-
7 389
-
Corporate
14 653
38 500
-
-
income
3 077
8 085
-
-
surtax
-
-
-
-
total
3 077
8 085
-
-
Dividends
11 576
30 415
-
-
withholding
3 241
8 516
-
-
total
3 241
8 516
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 779
16 601
18 221
16 673
After tax
21 721
21 899
20 279
21 827
Living cost
13 386
13 386
13 386
13 386
Free-cash
8 335
8 513
6 893
8 441

Estimated living cost  is ₴13386 per week

₴9481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2738
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3142
₴8516
₴4729
₴3415
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 896
other
-
-
-
39
unemployment
-
-
-
269
accident
-
-
-
347
income
-
-
-
6 357
total
-
-
-
17 908
Employee
23 979
-
29 194
-
pensions
1 127
-
1 372
-
other
24
-
29
-
unemployment
371
-
452
-
income
5 008
-
6 474
-
total
6 530
-
8 327
-
Employer
23 979
-
29 194
-
pensions
5 659
-
6 890
-
other
192
-
234
-
unemployment
1 319
-
1 606
-
accident
475
-
578
-
total
7 645
-
9 308
-
Corporate
6 876
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.

1 032
5 775
-
-
total
1 032
5 775
-
-
Dividends
5 844
32 725
-
-
withholding
1 114
6 759
-
-
total
1 114
6 759
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 321
12 534
17 635
17 908
After tax
22 179
25 966
20 865
20 592
Living cost
17 450
17 450
17 450
17 450
Free-cash
4 729
8 516
3 415
3 142

Estimated living cost  is ₴17450 per week

₴12532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3316
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19548
₴24373
₴21345
₴20529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 568
health
-
-
-
1 995
unemployment
-
-
-
69
income
-
-
-
5 775
total
-
-
-
10 407
Employee
11 315
-
35 096
-
accident

We are using the highest rate at 1.1%.

124
-
191
-
pensions

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

993
-
1 524
-
income
1 132
-
3 509
-
health
521
-
798
-
total
2 770
-
6 022
-
Employer
11 315
-
35 096
-
pensions

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

1 247
-
1 912
-
unemployment
68
-
104
-
accident

We are using the highest rate at 1.1%.

124
-
191
-
health
781
-
1 197
-
total
2 220
-
3 404
-
Corporate
24 964
38 500
-
-
income
2 496
3 850
-
-
total
2 496
3 850
-
-
Dividends
22 468
34 650
-
-
withholding
1 124
1 732
-
-
total
1 124
1 732
-
-
Income
38 500
38 500
38 500
38 500
Total tax
8 610
5 582
9 426
10 407
After tax
29 890
32 918
29 074
28 093
Living cost
8 545
8 545
8 545
8 545
Free-cash
21 345
24 373
20 529
19 548

Estimated living cost  is ₴8545 per week

₴5652
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴7108
₴726
₴7222
₴9320
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
2 212
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.

-
-
-
3 392
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.

-
-
-
345
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.

-
-
-
6 274
total
-
-
-
12 223
Employee

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

24 704
-
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.

112
-
345
-
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.

2 031
-
6 274
-
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.

3 392
-
3 392
-
total
5 535
-
10 011
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 796
38 500
-
-
trade
1 980
5 525
-
-
income
2 069
5 775
-
-
chamber of commerce
95
132
-
-
surtax

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

114
318
-
-
total
4 258
11 750
-
-
Dividends
9 538
26 751
-
-
withholding
2 195
6 498
-
-
surtax

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

121
357
-
-
total
2 316
6 855
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 109
18 605
10 011
12 223
After tax
26 391
19 895
28 489
26 277
Living cost
19 169
19 169
19 169
19 169
Free-cash
7 222
726
9 320
7 108

Estimated living cost  is ₴19169 per week

₴13223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2063
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴165
-₴1334
-₴339
-₴165
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 189
income
-
-
-
7 193
total
-
-
-
10 382
Employee
38 838
-
38 500
-
social contributions
3 227
-
3 189
-
income
7 329
-
7 193
-
total
10 556
-
10 382
-
Employer
38 838
-
38 500
-
total
-
-
-
-
Corporate
-
38 500
-
-
income
-
4 813
-
-
total
-
4 813
-
-
Dividends
-
33 687
-
-
withholding
-
6 738
-
-
total
-
6 738
-
-
Income
38 500
38 500
38 500
38 500
Total tax
10 556
11 551
10 382
10 382
After tax
27 944
26 949
28 118
28 118
Living cost
28 283
28 283
28 283
28 283
Free-cash
-339
-1 334
-165
-165

Estimated living cost  is ₴28283 per week

₴21517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3299
₴4379
₴7255
₴10079
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 045
income
-
-
-
14 133
total
-
-
-
17 178
Employee
22 777
-
36 216
-
social contributions
2 282
-
2 284
-
income
2 471
-
5 830
-
total
4 753
-
8 114
-
Employer
22 777
-
36 216
-
social contributions
2 282
-
2 284
-
total
2 282
-
2 284
-
Corporate
13 441
38 500
-
-
income
4 705
13 475
-
-
total
4 705
13 475
-
-
Dividends
8 737
25 025
-
-
social contributions
1 482
2 623
-
-
total
1 482
2 623
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 222
16 098
10 398
17 178
After tax
25 278
22 402
28 102
21 322
Living cost
18 023
18 023
18 023
18 023
Free-cash
7 255
4 379
10 079
3 299

Estimated living cost  is ₴18023 per week

₴11872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
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.
₴4454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10466
₴10628
₴7861
₴6236
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 646
income
-
-
-
7 170
total
-
-
-
9 816
Employee
25 007
-
34 076
-
pensions
1 909
-
2 997
-
income
4 554
-
6 113
-
health
326
-
512
-
total
6 789
-
9 622
-
Employer
25 007
-
34 076
-
pensions
2 527
-
3 777
-
health
475
-
647
-
total
3 002
-
4 424
-
Corporate
10 491
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.

1 993
7 315
-
-
total
1 993
7 315
-
-
Dividends
8 498
31 185
-
-
withholding
637
2 339
-
-
total
637
2 339
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 421
9 654
14 046
9 816
After tax
26 079
28 846
24 454
28 684
Living cost
18 218
18 218
18 218
18 218
Free-cash
7 861
10 628
6 236
10 466

Estimated living cost  is ₴18218 per week

₴12498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1675
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.
₴3816
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴14472
-₴8910
₴1272
₴7492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 101
health
-
-
-
1 101
other
-
-
-
187
accident
-
-
-
128
income
-
-
-
8 482
total
-
-
-
11 999
Employee
18 923
-
31 982
-
pensions
2 131
-
3 601
-
income
2 596
-
5 198
-
health
2 167
-
3 662
-
total
6 894
-
12 461
-
Employer
18 923
-
31 982
-
pensions
3 077
-
5 200
-
unemployment
464
-
784
-
accident
316
-
534
-
total
3 857
-
6 518
-
Corporate
15 721
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.

14 149
34 650
-
-
total
14 149
34 650
-
-
Dividends
1 572
3 850
-
-
withholding
299
731
-
-
total
299
731
-
-
Income
38 500
38 500
38 500
38 500
Total tax
25 199
35 381
18 979
11 999
After tax
13 301
3 119
19 521
26 501
Living cost
12 029
12 029
12 029
12 029
Free-cash
1 272
-8 910
7 492
14 472

Estimated living cost  is ₴12029 per week

₴8828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴15603
₴26025
₴23613
₴15603
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
7 084
health insurance
-
-
-
2 849
work injury
-
-
-
193
unemployment
-
-
-
462
income
-
-
-
5 609
total
-
-
-
16 197
Employee

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

10 720
-
38 500
-
pensions
1 972
-
7 084
-
health insurance
793
-
2 849
-
unemployment
129
-
462
-
income
1 072
-
5 609
-
work injury
54
-
193
-
total
4 020
-
16 197
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 780
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
27 780
38 500
-
-
withholding
4 167
5 775
-
-
total
4 167
5 775
-
-
Income
38 500
38 500
38 500
38 500
Total tax
8 187
5 775
16 197
16 197
After tax
30 313
32 725
22 303
22 303
Living cost
6 700
6 700
6 700
6 700
Free-cash
23 613
26 025
15 603
15 603

Estimated living cost  is ₴6700 per week

₴4151
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.
₴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.
₴1853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₴495
₴500
-₴3340
-₴1371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
257
regional
-
-
-
666
social contributions
-
-
-
9 902
national
-
-
-
7 400
total
-
-
-
18 225
Employee
41 839
-
38 500
-
social contributions
14 108
-
12 982
-
municipal
250
-
230
-
regional
632
-
555
-
national
7 070
-
6 324
-
total
22 060
-
20 091
-
Employer
41 839
-
38 500
-
total
-
-
-
-
Corporate
-
38 500
-
-
nationa
-
9 240
-
-
municipal
-
1 855
-
-
total
-
11 095
-
-
Dividends
-
27 404
-
-
withholding
-
7 125
-
-
total
-
7 125
-
-
Income
38 500
38 500
38 500
38 500
Total tax
22 060
18 220
20 091
18 225
After tax
16 440
20 280
18 409
20 275
Living cost
19 780
19 780
19 780
19 780
Free-cash
-3 340
500
-1 371
495

Estimated living cost  is ₴19780 per week

₴13894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1361
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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