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
₴13113
₴4019
₴10793
₴9675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 492
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.

-
-
-
6 077
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.

-
-
-
335
trade
-
-
-
2 320
total
-
-
-
12 224
Employee

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

19 552
-
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.

30
-
335
-
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.

546
-
6 077
-
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.

3 492
-
3 492
-
total
4 068
-
9 904
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
18 948
38 500
-
-
chamber of commerce
105
133
-
-
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.

156
317
-
-
trade
2 984
6 064
-
-
income
2 842
5 775
-
-
total
6 087
12 289
-
-
Dividends
12 861
26 211
-
-
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.

166
350
-
-
withholding
3 021
6 359
-
-
total
3 187
6 709
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 342
18 998
9 904
12 224
After tax
25 158
19 502
28 596
26 276
Living cost
15 483
15 483
15 483
15 483
Free-cash
9 675
4 019
13 113
10 793

Estimated living cost  is ₴15483 per week

₴9740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1805
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.
₴3649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2906
-₴2890
-₴3208
-₴7008
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
social contributions
-
-
-
414
pensions
-
-
-
4 620
national
-
-
-
5 932
municipal
-
-
-
3 828
total
-
-
-
14 794
Employee
41 721
-
33 283
-
municipal
5 153
-
3 977
-
national
7 985
-
6 163
-
pensions
1 669
-
1 331
-
total
14 807
-
11 471
-
Employer
41 721
-
33 283
-
pensions
3 338
-
2 663
-
social contributions
449
-
358
-
total
3 787
-
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
18 594
14 476
14 492
14 794
After tax
19 906
24 024
24 008
23 706
Living cost
26 914
26 914
26 914
26 914
Free-cash
-7 008
-2 890
-2 906
-3 208

Estimated living cost  is ₴26914 per week

₴18293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2502
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11209
₴20165
₴20481
₴15972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
1 609
income
-
-
-
-
surtax
-
-
-
-
microenterprise
-
-
-
5 775
total
-
-
-
7 384
Employee
14 937
-
31 026
-
surtax
-
-
-
-
social contributions

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

1 643
-
3 413
-
income
2 659
-
5 769
-
total
4 302
-
9 182
-
Employer
14 937
-
31 026
-
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.

3 598
-
7 474
-
total
3 598
-
7 474
-
Corporate
19 965
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%.

3 993
7 700
-
-
total
3 993
7 700
-
-
Dividends

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

15 972
30 800
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
11 893
7 700
16 656
7 384
After tax
26 607
30 800
21 844
31 116
Living cost
10 635
10 635
10 635
10 635
Free-cash
15 972
20 165
11 209
20 481

Estimated living cost  is ₴10635 per week

₴6785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
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.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴12261
-₴9391
₴510
-₴12261
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 405
income
-
-
-
5 182
pensions
-
-
-
5 989
total
-
-
-
16 576
Employee
43 653
43 653
43 653
-
income

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

7 145
7 145
7 145
-
pensions
7 858
5 989
7 858
-
health
6 700
5 699
6 700
-
total
21 703
18 833
21 703
-
Employer
43 653
43 653
43 653
-
unemployment
1 572
1 572
1 572
-
health
3 034
3 034
3 034
-
pensions
3 038
3 038
3 038
-
total
7 644
7 644
7 644
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
29 347
26 477
29 347
16 576
After tax
9 153
12 023
9 153
21 924
Living cost
21 414
21 414
21 414
21 414
Free-cash
-12 261
-9 391
-12 261
510

Estimated living cost  is ₴21414 per week

₴15176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴471
-₴9
-₴1838
-₴881
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
other
-
-
-
4 474
health
-
-
-
2 402
accident
-
-
-
77
pensions
-
-
-
4 162
national
-
-
-
-
unemployment
-
-
-
38
municipal
-
-
-
8 155
total
-
-
-
19 308
Employee
29 966
-
29 295
-
municipal
8 936
-
8 736
-
national
-
-
-
-
total
8 936
-
8 736
-
Employer
29 966
-
29 295
-
other
3 482
-
3 404
-
unemployment
791
-
773
-
health
1 843
-
1 802
-
accident
60
-
59
-
pensions
3 239
-
3 167
-
total
9 415
-
9 205
-
Corporate
-
38 500
-
-
income
-
8 470
-
-
total
-
8 470
-
-
Dividends
-
30 030
-
-
withholding
-
9 009
-
-
total
-
9 009
-
-
Income
38 500
38 500
38 500
38 500
Total tax
18 351
17 479
17 941
19 308
After tax
20 149
21 021
20 559
19 192
Living cost
21 030
21 030
21 030
21 030
Free-cash
-881
-9
-471
-1 838

Estimated living cost  is ₴21030 per week

₴13938
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2064
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4709
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8514
-₴777
₴6092
₴6407
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 492
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.

-
-
-
6 077
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.

-
-
-
335
trade
-
-
-
2 423
total
-
-
-
12 327
Employee

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

25 923
-
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.

122
-
335
-
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.

2 227
-
6 077
-
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.

3 492
-
3 492
-
total
5 841
-
9 904
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
12 577
38 500
-
-
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.

104
317
-
-
trade
2 069
6 334
-
-
income
1 887
5 775
-
-
total
4 155
12 558
-
-
Dividends
8 422
25 942
-
-
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.

105
346
-
-
withholding
1 911
6 291
-
-
total
2 016
6 637
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 012
19 195
9 904
12 327
After tax
26 488
19 305
28 596
26 173
Living cost
20 082
20 082
20 082
20 082
Free-cash
6 407
-777
8 514
6 092

Estimated living cost  is ₴20082 per week

₴13431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2118
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11107
₴10361
₴12195
₴9554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 006
health
-
-
-
982
income
-
-
-
2 737
total
-
-
-
9 725
Employee
39 308
39 308
39 308
-
social contributions
1 910
3 262
2 901
-
income
4 128
3 639
3 769
-
health
391
668
595
-
total
6 429
7 569
7 265
-
Employer
39 308
39 308
39 308
-
health
426
728
647
-
social contributions
1 910
3 262
2 901
-
total
2 336
3 990
3 548
-
Corporate
13 155
-
-
-
income
1 644
-
-
-
total
1 644
-
-
-
Dividends
11 511
-
-
-
withholding
1 957
-
-
-
total
1 957
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 366
11 559
10 813
9 725
After tax
26 134
26 941
27 687
28 775
Living cost
16 580
16 580
16 580
16 580
Free-cash
9 554
10 361
11 107
12 195

Estimated living cost  is ₴16580 per week

₴11334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1295
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3673
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12948
₴12366
₴17299
₴12560
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 695
income
-
-
-
4 707
pensions
-
-
-
3 850
unemployment
-
-
-
578
total
-
-
-
11 830
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.

13 528
5 384
32 218
-
income
1 654
658
3 939
-
pensions
1 353
538
3 222
-
health
947
377
2 255
-
unemployment
203
81
483
-
total
4 157
1 654
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.

13 528
5 384
32 218
-
pensions
2 638
1 050
6 282
-
total
2 638
1 050
6 282
-
Corporate
22 334
32 066
-
-
income
2 010
2 886
-
-
total
2 010
2 886
-
-
Dividends
20 324
29 180
-
-
social contributions
3 902
5 629
-
-
withholding
3 862
5 544
-
-
total
7 764
11 173
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 569
16 763
16 181
11 830
After tax
21 931
21 737
22 319
26 670
Living cost
9 371
9 371
9 371
9 371
Free-cash
12 560
12 366
12 948
17 299

Estimated living cost  is ₴9371 per week

₴6395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴767
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9844
₴18453
₴8289
₴15277
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 005
income
-
-
-
5 159
pensions
-
-
-
7 700
total
-
-
-
17 864
Employee
14 502
-
28 774
-
income
1 633
-
5 548
-
pensions
290
-
575
-
unemployment
232
-
461
-
total
2 155
-
6 584
-
Employer
14 502
-
28 774
-
unemployment
116
-
230
-
health
1 885
-
3 741
-
pensions
2 901
-
5 754
-
total
4 902
-
9 725
-
Corporate
19 097
38 500
-
-
income
3 819
7 700
-
-
total
3 819
7 700
-
-
Dividends
15 278
30 800
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
10 876
7 700
16 309
17 864
After tax
27 624
30 800
22 191
20 636
Living cost
12 347
12 347
12 347
12 347
Free-cash
15 277
18 453
9 844
8 289

Estimated living cost  is ₴12347 per week

₴8469
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴735
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.
₴2895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8293
-₴8148
₴15238
₴1391
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
other
-
-
-
190
health
-
-
-
1 117
accident
-
-
-
129
income
-
-
-
8 428
pensions
-
-
-
2 131
total
-
-
-
11 995
Employee
17 724
-
31 982
-
income
2 432
-
5 159
-
pensions
1 996
-
3 601
-
health
2 029
-
3 662
-
total
6 457
-
12 422
-
Employer
17 724
-
31 982
-
unemployment
434
-
784
-
accident
296
-
534
-
pensions
2 882
-
5 200
-
total
3 612
-
6 518
-
Corporate
17 164
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.

15 447
34 650
-
-
total
15 447
34 650
-
-
Dividends
1 716
3 850
-
-
withholding
326
731
-
-
total
326
731
-
-
Income
38 500
38 500
38 500
38 500
Total tax
25 842
35 381
18 940
11 995
After tax
12 658
3 119
19 560
26 505
Living cost
11 267
11 267
11 267
11 267
Free-cash
1 391
-8 148
8 293
15 238

Estimated living cost  is ₴11267 per week

₴8258
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.
₴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.
₴2150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26535
₴32310
₴33850
₴31511
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 331
-
38 500
-
income
1 066
-
7 700
-
total
1 066
-
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%.

33 169
38 500
-
-
total
-
-
-
-
Dividends
33 169
38 500
-
-
withholding
1 658
1 925
-
-
total
1 658
1 925
-
-
Income
38 500
38 500
38 500
38 500
Total tax
2 724
1 925
7 700
385
After tax
35 776
36 575
30 800
38 115
Living cost
4 265
4 265
4 265
4 265
Free-cash
31 511
32 310
26 535
33 850

Estimated living cost  is ₴4265 per week

₴2643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8942
₴14665
₴7226
₴11214
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
9 240
total
-
-
-
17 653
Employee
18 561
-
30 750
-
income
3 195
-
5 294
-
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.

1 299
-
2 153
-
health
260
-
431
-
unemployment
185
-
308
-
total
4 939
-
8 186
-
Employer
18 561
-
30 750
-
other
928
-
1 538
-
unemployment
185
-
308
-
health
260
-
431
-
accident
148
-
246
-
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.

3 156
-
5 228
-
total
4 677
-
7 751
-
Corporate
15 262
38 500
-
-
income
3 205
8 085
-
-
total
3 205
8 085
-
-
Dividends
12 057
30 415
-
-
withholding
844
2 129
-
-
total
844
2 129
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 665
10 214
15 937
17 653
After tax
24 835
28 286
22 563
20 847
Living cost
13 621
13 621
13 621
13 621
Free-cash
11 214
14 665
8 942
7 226

Estimated living cost  is ₴13621 per week

₴9624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴9488
-₴5153
-₴5292
-₴16198
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
7 177
pensions
-
-
-
2 616
total
-
-
-
9 793
Employee
48 104
-
34 105
-
income
8 671
-
6 127
-
health
793
-
506
-
pensions
4 641
-
2 961
-
total
14 105
-
9 594
-
Employer
48 104
-
34 105
-
health
914
-
648
-
pensions
5 680
-
3 747
-
total
6 594
-
4 395
-
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
20 699
9 654
13 989
9 793
After tax
17 801
28 846
24 511
28 707
Living cost
33 999
33 999
33 999
33 999
Free-cash
-16 198
-5 153
-9 488
-5 292

Estimated living cost  is ₴33999 per week

₴25476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3995
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4252
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴22320
₴26275
₴21358
₴23922
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 035
income
-
-
-
5 775
pensions

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

-
-
-
2 619
unemployment
-
-
-
71
total
-
-
-
10 500
Employee
8 795
-
35 028
-
income
879
-
3 503
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

772
-
1 554
-
health
405
-
814
-
total
2 153
-
6 066
-
Employer
8 795
-
35 028
-
unemployment
53
-
106
-
health
607
-
1 221
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

969
-
1 950
-
total
1 726
-
3 472
-
Corporate
27 979
38 500
-
-
income
2 798
3 850
-
-
total
2 798
3 850
-
-
Dividends
25 182
34 650
-
-
withholding
1 259
1 733
-
-
total
1 259
1 733
-
-
Income
38 500
38 500
38 500
38 500
Total tax
7 936
5 583
9 538
10 500
After tax
30 564
32 917
28 962
28 000
Living cost
6 642
6 642
6 642
6 642
Free-cash
23 922
26 275
22 320
21 358

Estimated living cost  is ₴6642 per week

₴3878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴474
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴19193
-₴16323
-₴6422
-₴17190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 405
income
-
-
-
5 182
pensions
-
-
-
5 989
total
-
-
-
16 576
Employee
47 393
43 653
43 653
-
income

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

7 145
7 145
7 145
-
pensions
5 989
5 989
7 858
-
health
5 913
5 699
6 700
-
total
19 047
18 833
21 703
-
Employer
47 393
43 653
43 653
-
unemployment
1 706
1 572
1 572
-
health
3 293
3 034
3 034
-
pensions
3 298
3 038
3 038
-
total
8 297
7 644
7 644
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
27 344
26 477
29 347
16 576
After tax
11 156
12 023
9 153
21 924
Living cost
28 346
28 346
28 346
28 346
Free-cash
-17 190
-16 323
-19 193
-6 422

Estimated living cost  is ₴28346 per week

₴20910
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴6978
₴13949
₴6193
₴9470
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 242
health
-
-
-
5 198
income
-
-
-
3 309
solidarity contribution
-
-
-
-
total
-
-
-
19 749
Employee
18 467
-
28 731
-
social contributions
1 200
-
1 868
-
solidarity contribution
-
-
-
-
income
2 216
-
3 448
-
health
2 493
-
3 879
-
total
5 909
-
9 195
-
Employer
18 467
-
28 731
-
health
1 662
-
2 586
-
social contributions
4 617
-
7 183
-
total
6 279
-
9 769
-
Corporate
13 754
38 500
-
-
income
2 613
7 315
-
-
total
2 613
7 315
-
-
Dividends
11 140
31 185
-
-
withholding
1 671
4 678
-
-
total
1 671
4 678
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 472
11 993
18 964
19 749
After tax
22 028
26 507
19 536
18 751
Living cost
12 558
12 558
12 558
12 558
Free-cash
9 470
13 949
6 978
6 193

Estimated living cost  is ₴12558 per week

₴8723
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.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2916
-₴1029
-₴900
-₴6931
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
social contributions
-
-
-
9 902
national
-
-
-
7 297
regional
-
-
-
402
municipal
-
-
-
229
total
-
-
-
17 830
Employee
45 431
-
38 500
-
social contributions
15 319
-
12 982
-
municipal
241
-
204
-
national
7 872
-
6 307
-
regional
429
-
353
-
total
23 861
-
19 846
-
Employer
45 431
-
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
23 861
17 959
19 846
17 830
After tax
14 639
20 541
18 654
20 670
Living cost
21 570
21 570
21 570
21 570
Free-cash
-6 931
-1 029
-2 916
-900

Estimated living cost  is ₴21570 per week

₴15036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8860
₴12937
₴9712
₴11347
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
other
-
-
-
-
health
-
-
-
2 734
income
-
-
-
6 359
pensions
-
-
-
7 700
surtax
-
-
-
599
unemployment
-
-
-
116
total
-
-
-
17 508
Employee
16 905
-
31 806
-
surtax
55
-
534
-
income
2 834
-
5 985
-
other
-
-
-
-
pensions
1 127
-
2 122
-
health
432
-
811
-
unemployment
1 177
-
2 214
-
total
5 625
-
11 666
-
Employer
16 905
-
31 806
-
other
-
-
-
-
unemployment
535
-
1 008
-
health
769
-
1 447
-
pensions
2 253
-
4 239
-
total
3 557
-
6 694
-
Corporate
18 037
38 500
-
-
income
4 689
10 010
-
-
total
4 689
10 010
-
-
Dividends
13 348
28 490
-
-
withholding
2 002
4 273
-
-
total
2 002
4 273
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 873
14 283
18 360
17 508
After tax
22 627
24 217
20 140
20 992
Living cost
11 280
11 280
11 280
11 280
Free-cash
11 347
12 937
8 860
9 712

Estimated living cost  is ₴11280 per week

₴6897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1041
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.
₴3082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1284
₴5619
₴5480
₴1619
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
7 177
pensions
-
-
-
2 616
total
-
-
-
9 793
Employee
32 238
-
34 105
-
income
5 806
-
6 127
-
health
468
-
506
-
pensions
2 736
-
2 961
-
total
9 010
-
9 594
-
Employer
32 238
-
34 105
-
health
612
-
648
-
pensions
3 490
-
3 747
-
total
4 102
-
4 395
-
Corporate
2 160
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.

411
7 315
-
-
total
411
7 315
-
-
Dividends
1 749
31 185
-
-
withholding
131
2 339
-
-
total
131
2 339
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 654
9 654
13 989
9 793
After tax
24 846
28 846
24 511
28 707
Living cost
23 227
23 227
23 227
23 227
Free-cash
1 619
5 619
1 284
5 480

Estimated living cost  is ₴23227 per week

₴17402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
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.
₴3841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10645
-₴23543
-₴8662
-₴14240
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
other

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

-
-
-
770
health
-
-
-
134
pensions
-
-
-
3 542
city
-
-
-
405
national
-
-
-
144
regional
-
-
-
1 020
total
-
-
-
6 015
Employee
48 153
-
34 460
-
national
228
-
122
-
city
517
-
370
-
pensions
4 045
-
2 895
-
health
109
-
77
-
regional
1 577
-
873
-
unemployment
-
-
-
-
total
6 476
-
4 337
-
Employer
48 153
-
34 460
-
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.

963
-
689
-
unemployment
-
-
-
-
health
109
-
77
-
pensions
4 045
-
2 895
-
total
5 117
-
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
11 593
20 896
7 998
6 015
After tax
26 907
17 604
30 502
32 485
Living cost
41 147
41 147
41 147
41 147
Free-cash
-14 240
-23 543
-10 645
-8 662

Estimated living cost  is ₴41147 per week

₴26757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴505
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴5178
-₴4310
₴2651
₴3978
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 492
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.

-
-
-
6 077
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.

-
-
-
335
trade
-
-
-
2 527
total
-
-
-
12 431
Employee

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

30 721
-
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.

199
-
335
-
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.

3 613
-
6 077
-
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.

3 492
-
3 492
-
total
7 304
-
9 904
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
7 779
38 500
-
-
chamber of commerce
88
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.

64
317
-
-
trade
1 334
6 602
-
-
income
1 167
5 775
-
-
total
2 653
12 826
-
-
Dividends
5 126
25 674
-
-
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.

60
342
-
-
withholding
1 087
6 224
-
-
total
1 147
6 566
-
-
Income
38 500
38 500
38 500
38 500
Total tax
11 104
19 392
9 904
12 431
After tax
27 396
19 108
28 596
26 069
Living cost
23 418
23 418
23 418
23 418
Free-cash
3 978
-4 310
5 178
2 651

Estimated living cost  is ₴23418 per week

₴17103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5502
₴1914
₴5376
₴4934
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
other
-
-
-
1 193
social contributions
-
-
-
1 097
health
-
-
-
333
income
-
-
-
2 180
pensions
-
-
-
10 832
surtax
-
-
-
-
total
-
-
-
15 635
Employee
21 878
-
29 338
-
surtax
-
-
-
-
social contributions
624
-
836
-
income
1 291
-
2 192
-
pensions
2 474
-
3 319
-
total
4 389
-
6 347
-
Employer
21 878
-
29 338
-
other
755
-
1 012
-
unemployment
886
-
1 188
-
health
1 532
-
2 054
-
pensions
3 594
-
4 820
-
social contributions
66
-
88
-
total
6 833
-
9 162
-
Corporate
9 790
38 500
-
-
surtax
-
-
-
-
income
2 741
10 780
-
-
total
2 741
10 780
-
-
Dividends
7 048
27 720
-
-
social contributions
1 212
4 768
-
-
surtax
-
-
-
-
withholding
902
3 549
-
-
total
2 114
8 317
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 077
19 097
15 509
15 635
After tax
22 423
19 403
22 991
22 865
Living cost
17 489
17 489
17 489
17 489
Free-cash
4 934
1 914
5 502
5 376

Estimated living cost  is ₴17489 per week

₴11028
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4743
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7234
₴3646
₴7108
₴6486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
other
-
-
-
1 193
social contributions
-
-
-
1 097
health
-
-
-
333
income
-
-
-
2 180
pensions
-
-
-
10 832
surtax
-
-
-
-
total
-
-
-
15 635
Employee
19 529
-
29 338
-
surtax
-
-
-
-
social contributions
557
-
836
-
income
1 007
-
2 192
-
pensions
2 209
-
3 319
-
total
3 773
-
6 347
-
Employer
19 529
-
29 338
-
other
674
-
1 012
-
unemployment
791
-
1 188
-
health
1 367
-
2 054
-
pensions
3 209
-
4 820
-
social contributions
58
-
88
-
total
6 099
-
9 162
-
Corporate
12 872
38 500
-
-
surtax
-
-
-
-
income
3 604
10 780
-
-
total
3 604
10 780
-
-
Dividends
9 268
27 720
-
-
social contributions
1 595
4 768
-
-
surtax
-
-
-
-
withholding
1 186
3 549
-
-
total
2 781
8 317
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 257
19 097
15 509
15 635
After tax
22 243
19 403
22 991
22 865
Living cost
15 757
15 757
15 757
15 757
Free-cash
6 486
3 646
7 234
7 108

Estimated living cost  is ₴15757 per week

₴9138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1601
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.
₴4719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14605
₴12648
₴13885
₴12914
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 313
health
-
-
-
2 687
income
-
-
-
5 775
total
-
-
-
13 775
Employee
17 332
-
38 500
-
social contributions
2 392
-
5 313
-
income
2 891
-
5 055
-
health
1 210
-
2 687
-
total
6 493
-
13 055
-
Employer
17 332
-
38 500
-
total
-
-
-
-
Corporate
21 168
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%.

1 058
1 925
-
-
total
1 058
1 925
-
-
Dividends
20 109
36 575
-
-
social contributions
2 775
5 047
-
-
withholding
3 016
5 487
-
-
health
1 404
2 553
-
-
total
7 195
13 087
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 746
15 012
13 055
13 775
After tax
23 754
23 488
25 445
24 725
Living cost
10 840
10 840
10 840
10 840
Free-cash
12 914
12 648
14 605
13 885

Estimated living cost  is ₴10840 per week

₴7254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴668
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2667
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4694
₴3782
₴2591
₴2991
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 945
income
-
-
-
4 440
chamber of commerce
-
-
-
154
pensions
-
-
-
7 122
surtax
-
-
-
101
unemployment
-
-
-
3 135
total
-
-
-
17 897
Employee
25 547
20 371
29 817
-
income
2 908
1 503
4 133
-
other
255
204
298
-
pensions
2 616
2 086
3 053
-
health
989
789
1 154
-
unemployment
766
611
894
-
total
7 534
5 193
9 532
-
Employer
25 547
20 371
29 817
-
other
1 214
967
1 416
-
unemployment
766
611
894
-
health
965
770
1 127
-
surtax
101
101
101
-
accident
332
265
388
-
pensions
3 206
2 557
3 742
-
payroll
766
611
894
-
chamber of commerce
102
81
119
-
total
7 452
5 963
8 681
-
Corporate
5 501
12 165
27 878
-
income

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

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

1 376
3 041
6 969
-
total
1 376
3 041
6 969
-
Dividends
4 126
9 123
-
-
withholding
1 135
2 509
-
-
total
1 135
2 509
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 497
16 706
25 182
17 897
After tax
21 003
21 794
13 318
20 603
Living cost
18 012
18 012
18 012
18 012
Free-cash
2 991
3 782
-4 694
2 591

Estimated living cost  is ₴18012 per week

₴12013
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1537
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.
₴4166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2873
₴3001
₴680
-₴8709
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 325
communal

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

-
-
-
1 991
national
-
-
-
11 866
total
-
-
-
19 182
Employee

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

36 565
-
29 820
-
national
11 242
-
8 603
-
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.

2 742
-
2 236
-
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.

1 718
-
1 402
-
communal

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

1 907
-
1 555
-
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.

318
-
259
-
total
17 927
-
14 055
-
Employer

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

36 565
-
29 820
-
unemployment

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

534
-
436
-
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.

2 249
-
1 833
-
surtax
4 146
-
3 382
-
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.

475
-
387
-
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.

3 240
-
2 642
-
total
10 644
-
8 680
-
Corporate
-
38 500
-
-
surtax
-
154
-
-
income
-
7 700
-
-
total
-
7 854
-
-
Dividends
-
30 645
-
-
withholding

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

-
9 007
-
-
total
-
9 007
-
-
Income
38 500
38 500
38 500
38 500
Total tax
28 571
16 861
22 735
19 182
After tax
9 929
21 639
15 765
19 318
Living cost
18 638
18 638
18 638
18 638
Free-cash
-8 709
3 001
-2 873
680

Estimated living cost  is ₴18638 per week

₴12006
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2458
₴7508
₴2183
₴3404
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
other
-
-
-
39
accident
-
-
-
346
income
-
-
-
6 305
pensions
-
-
-
10 896
unemployment
-
-
-
270
total
-
-
-
17 856
Employee
25 446
-
29 193
-
income
5 369
-
6 422
-
other
25
-
29
-
pensions
1 196
-
1 372
-
unemployment
395
-
452
-
total
6 985
-
8 275
-
Employer
25 446
-
29 193
-
other
203
-
234
-
unemployment
1 400
-
1 605
-
accident
503
-
578
-
pensions
6 005
-
6 889
-
total
8 111
-
9 306
-
Corporate
4 944
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.

741
5 775
-
-
total
741
5 775
-
-
Dividends
4 203
32 725
-
-
withholding
798
6 756
-
-
total
798
6 756
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 635
12 531
17 581
17 856
After tax
21 865
25 969
20 919
20 644
Living cost
18 461
18 461
18 461
18 461
Free-cash
3 404
7 508
2 458
2 183

Estimated living cost  is ₴18461 per week

₴13595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2546
-₴3896
-₴3244
-₴4836
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 888
accident
-
-
-
346
income
-
-
-
2 533
pensions
-
-
-
6 160
communal
-
-
-
-
surtax
-
-
-
2 037
total
-
-
-
13 964
Employee
38 712
-
34 390
-
surtax
2 373
-
2 108
-
income
3 739
-
2 766
-
pensions
3 096
-
2 751
-
health
1 723
-
1 531
-
total
10 931
-
9 156
-
Employer
38 712
-
34 390
-
health
1 181
-
1 050
-
accident
348
-
309
-
pensions
3 096
-
2 751
-
total
4 625
-
4 110
-
Corporate
-
38 500
-
-
surtax
-
405
-
-
income
-
5 775
-
-
communal
-
2 599
-
-
total
-
8 779
-
-
Dividends
-
29 722
-
-
income
-
1 379
-
-
withholding
-
4 458
-
-
total
-
5 837
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 556
14 616
13 266
13 964
After tax
22 944
23 884
25 234
24 536
Living cost
27 780
27 780
27 780
27 780
Free-cash
-4 836
-3 896
-2 546
-3 244

Estimated living cost  is ₴27780 per week

₴20839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4963
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8658
₴12735
₴9510
₴11109
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
other
-
-
-
-
health
-
-
-
2 734
income
-
-
-
6 359
pensions
-
-
-
7 700
surtax
-
-
-
599
unemployment
-
-
-
116
total
-
-
-
17 508
Employee
17 215
-
31 806
-
surtax
61
-
534
-
income
2 886
-
5 985
-
other
-
-
-
-
pensions
1 149
-
2 122
-
health
439
-
811
-
unemployment
1 198
-
2 214
-
total
5 733
-
11 666
-
Employer
17 215
-
31 806
-
other
-
-
-
-
unemployment
546
-
1 008
-
health
783
-
1 447
-
pensions
2 295
-
4 239
-
total
3 624
-
6 694
-
Corporate
17 661
38 500
-
-
income
4 591
10 010
-
-
total
4 591
10 010
-
-
Dividends
13 070
28 490
-
-
withholding
1 961
4 273
-
-
total
1 961
4 273
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 909
14 283
18 360
17 508
After tax
22 591
24 217
20 140
20 992
Living cost
11 482
11 482
11 482
11 482
Free-cash
11 109
12 735
8 658
9 510

Estimated living cost  is ₴11482 per week

₴6932
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴998
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.
₴3286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4719
₴6466
₴6722
₴5332
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
social contributions
-
-
-
9 902
national
-
-
-
7 297
regional
-
-
-
580
municipal
-
-
-
229
total
-
-
-
18 008
Employee
28 356
-
38 500
-
social contributions
9 562
-
12 982
-
municipal
150
-
204
-
national
4 492
-
6 307
-
regional
382
-
518
-
total
14 586
-
20 011
-
Employer
28 356
-
38 500
-
total
-
-
-
-
Corporate
10 144
38 500
-
-
nationa
2 435
9 240
-
-
municipal
504
1 913
-
-
total
2 939
11 153
-
-
Dividends
7 204
27 347
-
-
withholding
1 873
7 111
-
-
total
1 873
7 111
-
-
Income
38 500
38 500
38 500
38 500
Total tax
19 398
18 264
20 011
18 008
After tax
19 102
20 236
18 489
20 492
Living cost
13 770
13 770
13 770
13 770
Free-cash
5 332
6 466
4 719
6 722

Estimated living cost  is ₴13770 per week

₴8564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4061
₴11032
₴3276
₴5512
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 242
health
-
-
-
5 198
income
-
-
-
3 309
solidarity contribution
-
-
-
-
total
-
-
-
19 749
Employee
22 757
-
28 731
-
social contributions
1 479
-
1 868
-
solidarity contribution
-
-
-
-
income
2 731
-
3 448
-
health
3 072
-
3 879
-
total
7 282
-
9 195
-
Employer
22 757
-
28 731
-
health
2 048
-
2 586
-
social contributions
5 689
-
7 183
-
total
7 737
-
9 769
-
Corporate
8 006
38 500
-
-
income
1 521
7 315
-
-
total
1 521
7 315
-
-
Dividends
6 485
31 185
-
-
withholding
973
4 678
-
-
total
973
4 678
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 513
11 993
18 964
19 749
After tax
20 987
26 507
19 536
18 751
Living cost
15 475
15 475
15 475
15 475
Free-cash
5 512
11 032
4 061
3 276

Estimated living cost  is ₴15475 per week

₴11508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴857
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2970
₴5540
₴4395
₴5290
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 945
income
-
-
-
4 440
chamber of commerce
-
-
-
154
pensions
-
-
-
7 122
surtax
-
-
-
-
unemployment
-
-
-
3 135
total
-
-
-
17 796
Employee
22 345
20 371
29 894
-
income
1 991
1 503
4 154
-
other
223
204
299
-
pensions
2 288
2 086
3 062
-
health
864
789
1 157
-
unemployment
670
611
897
-
total
6 036
5 193
9 569
-
Employer
22 345
20 371
29 894
-
other
1 061
967
1 420
-
unemployment
670
611
897
-
health
845
770
1 130
-
surtax
-
-
-
-
accident
290
265
389
-
pensions
2 804
2 557
3 752
-
payroll
670
611
897
-
chamber of commerce
89
81
119
-
total
6 429
5 862
8 604
-
Corporate
9 724
12 265
27 954
-
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.

2 431
3 066
6 988
-
total
2 431
3 066
6 988
-
Dividends
7 293
9 199
-
-
withholding
2 005
2 530
-
-
total
2 005
2 530
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 901
16 651
25 161
17 796
After tax
21 599
21 849
13 339
20 704
Living cost
16 309
16 309
16 309
16 309
Free-cash
5 290
5 540
-2 970
4 395

Estimated living cost  is ₴16309 per week

₴9783
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1666
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.
₴4569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24154
₴29929
₴31469
₴28682
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 308
-
38 500
-
income
1 662
-
7 700
-
total
1 662
-
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%.

30 192
38 500
-
-
total
-
-
-
-
Dividends
30 192
38 500
-
-
withholding
1 510
1 925
-
-
total
1 510
1 925
-
-
Income
38 500
38 500
38 500
38 500
Total tax
3 172
1 925
7 700
385
After tax
35 328
36 575
30 800
38 115
Living cost
6 646
6 646
6 646
6 646
Free-cash
28 682
29 929
24 154
31 469

Estimated living cost  is ₴6646 per week

₴4497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5656
₴12796
₴6761
₴8520
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 789
income
-
-
-
7 150
pensions
-
-
-
7 031
unemployment
-
-
-
58
total
-
-
-
18 028
Employee

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

22 605
-
33 313
-
income
3 898
-
6 583
-
pensions
3 504
-
5 164
-
health
1 460
-
2 152
-
unemployment
32
-
47
-
total
8 894
-
13 946
-
Employer

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

22 605
-
33 313
-
unemployment
14
-
20
-
health
1 506
-
2 219
-
pensions
2 000
-
2 948
-
total
3 520
-
5 187
-
Corporate
12 376
38 500
-
-
income
2 351
7 315
-
-
total
2 351
7 315
-
-
Dividends
10 024
31 185
-
-
withholding
1 504
4 678
-
-
total
1 504
4 678
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 269
11 993
19 133
18 028
After tax
22 231
26 507
19 367
20 472
Living cost
13 711
13 711
13 711
13 711
Free-cash
8 520
12 796
5 656
6 761

Estimated living cost  is ₴13711 per week

₴9410
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8283
₴266
₴3450
-₴41522
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
33 204
-
-
-
social contributions
2 723
-
388
-
income
7 324
-
-
-
total
10 047
-
388
-
Employer
33 204
-
-
-
social contributions
46 818
-
6 672
-
total
46 818
-
6 672
-
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
56 865
15 077
7 060
11 893
After tax
-18 365
23 423
31 440
26 607
Living cost
23 157
23 157
23 157
23 157
Free-cash
-41 522
266
8 283
3 450

Estimated living cost  is ₴23157 per week

₴15025
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2178
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4328
₴5865
₴5826
₴5350
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
13 379
income
-
-
-
3 261
surtax
-
-
-
-
total
-
-
-
16 640
Employee
23 511
-
31 111
-
surtax
-
-
-
-
social contributions
2 586
-
3 422
-
income
4 890
-
7 327
-
total
7 476
-
10 749
-
Employer
23 511
-
31 111
-
social contributions
5 584
-
7 389
-
total
5 584
-
7 389
-
Corporate
9 406
38 500
-
-
surtax
-
-
-
-
income
1 975
8 085
-
-
total
1 975
8 085
-
-
Dividends
7 431
30 415
-
-
withholding
2 081
8 516
-
-
total
2 081
8 516
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 116
16 601
18 138
16 640
After tax
21 384
21 899
20 362
21 860
Living cost
16 034
16 034
16 034
16 034
Free-cash
5 350
5 865
4 328
5 826

Estimated living cost  is ₴16034 per week

₴11997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴946
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1699
-₴5287
-₴1825
-₴3517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
other
-
-
-
1 193
social contributions
-
-
-
1 097
health
-
-
-
333
income
-
-
-
2 180
pensions
-
-
-
10 832
surtax
-
-
-
-
total
-
-
-
15 635
Employee
32 017
-
29 338
-
surtax
-
-
-
-
social contributions
912
-
836
-
income
2 794
-
2 192
-
pensions
3 621
-
3 319
-
total
7 327
-
6 347
-
Employer
32 017
-
29 338
-
other
1 105
-
1 012
-
unemployment
1 297
-
1 188
-
health
2 241
-
2 054
-
pensions
5 261
-
4 820
-
social contributions
96
-
88
-
total
10 000
-
9 162
-
Corporate
-
38 500
-
-
surtax
-
-
-
-
income
-
10 780
-
-
total
-
10 780
-
-
Dividends
-
27 720
-
-
social contributions
-
4 768
-
-
surtax
-
-
-
-
withholding
-
3 549
-
-
total
-
8 317
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 327
19 097
15 509
15 635
After tax
21 173
19 403
22 991
22 865
Living cost
24 690
24 690
24 690
24 690
Free-cash
-3 517
-5 287
-1 699
-1 825

Estimated living cost  is ₴24690 per week

₴16709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5622
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15406
₴19284
₴14325
₴17567
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
338
social contributions
-
-
-
8 471
total
-
-
-
8 809
Employee
16 434
-
33 333
-
income
-
-
394
-
social contributions
1 068
-
2 167
-
total
1 068
-
2 561
-
Employer
16 434
-
33 333
-
social contributions
2 547
-
5 167
-
total
2 547
-
5 167
-
Corporate
19 519
38 500
-
-
income
1 952
3 850
-
-
total
1 952
3 850
-
-
Dividends
17 567
34 650
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
5 567
3 850
7 728
8 809
After tax
32 933
34 650
30 772
29 691
Living cost
15 366
15 366
15 366
15 366
Free-cash
17 567
19 284
15 406
14 325

Estimated living cost  is ₴15366 per week

₴9935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1158
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.
₴3983
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴72353
-₴72353
-₴110
-₴72353
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
labour market
-
-
-
3 045
pensions
-
-
-
441
national
-
-
-
3 895
municipal
-
-
-
6 726
total
-
-
-
14 107
Employee
103 420
103 420
103 420
-
labour market
8 262
8 262
8 262
-
municipal
22 023
22 023
22 023
-
national
12 635
12 635
12 635
-
pensions
147
147
147
-
total
43 067
43 067
43 067
-
Employer
103 420
103 420
103 420
-
national
12 657
12 657
12 657
-
labour market
8 274
8 274
8 274
-
pensions
294
294
294
-
municipal
22 058
22 058
22 058
-
total
43 283
43 283
43 283
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
86 350
86 350
86 350
14 107
After tax
-47 850
-47 850
-47 850
24 393
Living cost
24 503
24 503
24 503
24 503
Free-cash
-72 353
-72 353
-72 353
-110

Estimated living cost  is ₴24503 per week

₴16770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2168
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴377
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5188
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8459
-₴7982
₴15404
₴1416
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
other
-
-
-
190
health
-
-
-
1 117
accident
-
-
-
129
income
-
-
-
8 428
pensions
-
-
-
2 131
total
-
-
-
11 995
Employee
17 463
-
31 982
-
income
2 396
-
5 159
-
pensions
1 966
-
3 601
-
health
2 000
-
3 662
-
total
6 362
-
12 422
-
Employer
17 463
-
31 982
-
unemployment
428
-
784
-
accident
292
-
534
-
pensions
2 839
-
5 200
-
total
3 559
-
6 518
-
Corporate
17 478
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.

15 730
34 650
-
-
total
15 730
34 650
-
-
Dividends
1 748
3 850
-
-
withholding
332
731
-
-
total
332
731
-
-
Income
38 500
38 500
38 500
38 500
Total tax
25 983
35 381
18 940
11 995
After tax
12 517
3 119
19 560
26 505
Living cost
11 101
11 101
11 101
11 101
Free-cash
1 416
-7 982
8 459
15 404

Estimated living cost  is ₴11101 per week

₴8080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴633
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3335
₴6654
₴8963
₴4518
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
38 500
health
-
-
-
379
national
-
-
-
2 671
municipal
-
-
-
6 861
total
-
-
-
9 911
Employee
26 895
-
32 389
-
municipal
4 405
-
5 298
-
national
444
-
1 171
-
pensions
1 815
-
2 187
-
health
201
-
285
-
unemployment
404
-
486
-
total
7 269
-
9 427
-
Employer
26 895
-
32 389
-
unemployment
175
-
211
-
health
207
-
249
-
accident
27
-
32
-
pensions
4 666
-
5 620
-
total
5 075
-
6 112
-
Corporate
6 531
38 500
-
-
income
1 307
7 700
-
-
total
1 307
7 700
-
-
Dividends

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

3 918
23 100
-
-
national
-
362
-
-
municipal
705
4 158
-
-
total
705
4 520
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 356
12 220
15 539
9 911
After tax
24 144
26 280
22 961
28 589
Living cost
19 626
19 626
19 626
19 626
Free-cash
4 518
6 654
3 335
8 963

Estimated living cost  is ₴19626 per week

₴12819
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and 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

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
₴15852
₴15106
₴16940
₴13636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 006
health
-
-
-
982
income
-
-
-
2 737
total
-
-
-
9 725
Employee
39 308
39 308
39 308
-
social contributions
1 486
3 262
2 901
-
income
4 280
3 639
3 769
-
health
305
668
595
-
total
6 071
7 569
7 265
-
Employer
39 308
39 308
39 308
-
health
331
728
647
-
social contributions
1 486
3 262
2 901
-
total
1 817
3 990
3 548
-
Corporate
18 777
-
-
-
income
2 348
-
-
-
total
2 348
-
-
-
Dividends
16 429
-
-
-
withholding
2 793
-
-
-
total
2 793
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 029
11 559
10 813
9 725
After tax
25 471
26 941
27 687
28 775
Living cost
11 835
11 835
11 835
11 835
Free-cash
13 636
15 106
15 852
16 940

Estimated living cost  is ₴11835 per week

₴7093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1161
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3320
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15674
₴23766
₴21776
₴21167
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 850
income
-
-
-
3 491
pensions
-
-
-
3 252
unemployment
-
-
-
15
total
-
-
-
8 608
Employee

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

11 733
-
34 905
-
income
802
-
2 738
-
pensions
1 760
-
5 235
-
health
997
-
2 966
-
unemployment
58
-
175
-
total
3 617
-
11 114
-
Employer

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

11 733
-
34 905
-
unemployment
58
-
175
-
health
504
-
1 501
-
pensions
645
-
1 920
-
total
1 207
-
3 596
-
Corporate
25 559
38 500
-
-
income
2 300
3 465
-
-
total
2 300
3 465
-
-
Dividends
23 259
35 035
-
-
withholding
2 093
3 153
-
-
total
2 093
3 153
-
-
Income
38 500
38 500
38 500
38 500
Total tax
9 217
6 618
14 710
8 608
After tax
29 283
31 882
23 790
29 892
Living cost
8 116
8 116
8 116
8 116
Free-cash
21 167
23 766
15 674
21 776

Estimated living cost  is ₴8116 per week

₴5178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴585
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.
₴2111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6862
₴11912
₴6587
₴9232
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
other
-
-
-
39
accident
-
-
-
346
income
-
-
-
6 305
pensions
-
-
-
10 896
unemployment
-
-
-
270
total
-
-
-
17 856
Employee
18 902
-
29 193
-
income
3 644
-
6 422
-
other
18
-
29
-
pensions
889
-
1 372
-
unemployment
293
-
452
-
total
4 844
-
8 275
-
Employer
18 902
-
29 193
-
other
151
-
234
-
unemployment
1 040
-
1 605
-
accident
374
-
578
-
pensions
4 460
-
6 889
-
total
6 025
-
9 306
-
Corporate
13 572
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.

2 036
5 775
-
-
total
2 036
5 775
-
-
Dividends
11 536
32 725
-
-
withholding
2 306
6 756
-
-
total
2 306
6 756
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 211
12 531
17 581
17 856
After tax
23 289
25 969
20 919
20 644
Living cost
14 057
14 057
14 057
14 057
Free-cash
9 232
11 912
6 862
6 587

Estimated living cost  is ₴14057 per week

₴9488
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
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.
₴2971
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23454
₴23077
₴23521
₴22922
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
501
income
-
-
-
12 840
pensions
-
-
-
691
total
-
-
-
14 032
Employee
1 442
-
37 723
-
income
279
-
12 803
-
pensions
130
-
311
-
health
72
-
173
-
unemployment
14
-
35
-
total
495
-
13 322
-
Employer
1 442
-
37 723
-
unemployment
29
-
69
-
health
137
-
328
-
pensions
159
-
380
-
total
325
-
777
-
Corporate
36 733
38 500
-
-
income
8 081
8 470
-
-
total
8 081
8 470
-
-
Dividends
28 652
30 030
-
-
withholding
5 730
6 006
-
-
total
5 730
6 006
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 631
14 476
14 099
14 032
After tax
23 869
24 024
24 401
24 468
Living cost
947
947
947
947
Free-cash
22 922
23 077
23 454
23 521

Estimated living cost  is ₴947 per week

₴563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11270
₴18993
₴10030
₴16482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 884
income
-
-
-
5 394
pensions
-
-
-
9 803
unemployment
-
-
-
566
total
-
-
-
19 647
Employee

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

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

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

13 305
-
32 655
-
income
1 834
-
6 062
-
pensions
1 863
-
4 572
-
health
685
-
1 682
-
unemployment
100
-
245
-
total
4 482
-
12 561
-
Employer

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

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

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

13 305
-
32 655
-
unemployment
100
-
245
-
health
685
-
1 682
-
pensions
1 597
-
3 919
-
total
2 382
-
5 846
-
Corporate
22 813
38 500
-
-
income
3 422
5 775
-
-
total
3 422
5 775
-
-
Dividends
19 391
32 725
-
-
withholding
2 909
4 909
-
-
total
2 909
4 909
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 195
10 684
18 407
19 647
After tax
25 305
27 816
20 093
18 853
Living cost
8 823
8 823
8 823
8 823
Free-cash
16 482
18 993
11 270
10 030

Estimated living cost  is ₴8823 per week

₴5941
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴682
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6581
₴8118
₴8079
₴7932
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
13 379
income
-
-
-
3 261
surtax
-
-
-
-
total
-
-
-
16 640
Employee
19 840
-
31 111
-
surtax
-
-
-
-
social contributions
2 183
-
3 422
-
income
3 877
-
7 327
-
total
6 060
-
10 749
-
Employer
19 840
-
31 111
-
social contributions
4 712
-
7 389
-
total
4 712
-
7 389
-
Corporate
13 948
38 500
-
-
surtax
-
-
-
-
income
2 929
8 085
-
-
total
2 929
8 085
-
-
Dividends
11 019
30 415
-
-
withholding
3 086
8 516
-
-
total
3 086
8 516
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 787
16 601
18 138
16 640
After tax
21 713
21 899
20 362
21 860
Living cost
13 781
13 781
13 781
13 781
Free-cash
7 932
8 118
6 581
8 079

Estimated living cost  is ₴13781 per week

₴9761
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴957
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2954
₴8004
₴2679
₴4092
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
other
-
-
-
39
accident
-
-
-
346
income
-
-
-
6 305
pensions
-
-
-
10 896
unemployment
-
-
-
270
total
-
-
-
17 856
Employee
24 688
-
29 193
-
income
5 156
-
6 422
-
other
24
-
29
-
pensions
1 160
-
1 372
-
unemployment
382
-
452
-
total
6 722
-
8 275
-
Employer
24 688
-
29 193
-
other
198
-
234
-
unemployment
1 358
-
1 605
-
accident
489
-
578
-
pensions
5 826
-
6 889
-
total
7 871
-
9 306
-
Corporate
5 941
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.

891
5 775
-
-
total
891
5 775
-
-
Dividends
5 049
32 725
-
-
withholding
959
6 756
-
-
total
959
6 756
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 443
12 531
17 581
17 856
After tax
22 057
25 969
20 919
20 644
Living cost
17 965
17 965
17 965
17 965
Free-cash
4 092
8 004
2 954
2 679

Estimated living cost  is ₴17965 per week

₴12902
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
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.
₴3414
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20247
₴24202
₴19285
₴21116
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 035
income
-
-
-
5 775
pensions

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

-
-
-
2 619
unemployment
-
-
-
71
total
-
-
-
10 500
Employee
11 539
-
35 028
-
income
1 154
-
3 503
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 013
-
1 554
-
health
531
-
814
-
total
2 825
-
6 066
-
Employer
11 539
-
35 028
-
unemployment
69
-
106
-
health
796
-
1 221
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 272
-
1 950
-
total
2 264
-
3 472
-
Corporate
24 697
38 500
-
-
income
2 469
3 850
-
-
total
2 469
3 850
-
-
Dividends
22 227
34 650
-
-
withholding
1 111
1 733
-
-
total
1 111
1 733
-
-
Income
38 500
38 500
38 500
38 500
Total tax
8 669
5 583
9 538
10 500
After tax
29 831
32 917
28 962
28 000
Living cost
8 715
8 715
8 715
8 715
Free-cash
21 116
24 202
20 247
19 285

Estimated living cost  is ₴8715 per week

₴5764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2244
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8861
₴164
₴6746
₴6852
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 492
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.

-
-
-
6 077
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.

-
-
-
335
trade
-
-
-
2 114
total
-
-
-
12 018
Employee

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

25 435
-
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.

115
-
335
-
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.

2 091
-
6 077
-
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.

3 492
-
3 492
-
total
5 698
-
9 904
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 065
38 500
-
-
chamber of commerce
97
134
-
-
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.

108
317
-
-
trade
1 875
5 525
-
-
income
1 960
5 775
-
-
total
4 040
11 751
-
-
Dividends
9 026
26 750
-
-
surtax

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

113
357
-
-
withholding
2 062
6 493
-
-
total
2 175
6 850
-
-
Income
38 500
38 500
38 500
38 500
Total tax
11 913
18 601
9 904
12 018
After tax
26 587
19 899
28 596
26 482
Living cost
19 736
19 736
19 736
19 736
Free-cash
6 852
164
8 861
6 746

Estimated living cost  is ₴19736 per week

₴13614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2123
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴729
-₴2169
-₴729
-₴1486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
6 951
social contributions
-
-
-
3 159
total
-
-
-
10 110
Employee
39 986
-
38 500
-
income
7 545
-
6 951
-
social contributions
3 322
-
3 159
-
total
10 867
-
10 110
-
Employer
39 986
-
38 500
-
total
-
-
-
-
Corporate
-
38 500
-
-
income
-
4 813
-
-
total
-
4 813
-
-
Dividends
-
33 687
-
-
withholding
-
6 737
-
-
total
-
6 737
-
-
Income
38 500
38 500
38 500
38 500
Total tax
10 867
11 550
10 110
10 110
After tax
27 633
26 950
28 390
28 390
Living cost
29 119
29 119
29 119
29 119
Free-cash
-1 486
-2 169
-729
-729

Estimated living cost  is ₴29119 per week

₴22154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2373
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.
₴4315
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9523
₴3768
₴2233
₴6729
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
38 500
income
-
-
-
14 551
health

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

-
-
-
3 160
total
-
-
-
17 711
Employee
23 450
-
36 149
-
income
2 544
-
5 719
-
social contributions
2 350
-
2 351
-
total
4 894
-
8 070
-
Employer
23 450
-
36 149
-
social contributions
2 350
-
2 351
-
total
2 350
-
2 351
-
Corporate
12 700
38 500
-
-
income
4 445
13 475
-
-
total
4 445
13 475
-
-
Dividends
8 255
25 025
-
-
social contributions
1 526
2 701
-
-
total
1 526
2 701
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 215
16 176
10 421
17 711
After tax
25 285
22 324
28 079
20 789
Living cost
18 556
18 556
18 556
18 556
Free-cash
6 729
3 768
9 523
2 233

Estimated living cost  is ₴18556 per week

₴12223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1463
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.
₴4586
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5628
₴9963
₴9824
₴7095
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
7 177
pensions
-
-
-
2 616
total
-
-
-
9 793
Employee
25 920
-
34 105
-
income
4 720
-
6 127
-
health
338
-
506
-
pensions
1 978
-
2 961
-
total
7 036
-
9 594
-
Employer
25 920
-
34 105
-
health
493
-
648
-
pensions
2 619
-
3 747
-
total
3 112
-
4 395
-
Corporate
9 469
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.

1 799
7 315
-
-
total
1 799
7 315
-
-
Dividends
7 670
31 185
-
-
withholding
575
2 339
-
-
total
575
2 339
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 522
9 654
13 989
9 793
After tax
25 978
28 846
24 511
28 707
Living cost
18 883
18 883
18 883
18 883
Free-cash
7 095
9 963
5 628
9 824

Estimated living cost  is ₴18883 per week

₴12954
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴7360
-₴9081
₴14305
₴1249
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
other
-
-
-
190
health
-
-
-
1 117
accident
-
-
-
129
income
-
-
-
8 428
pensions
-
-
-
2 131
total
-
-
-
11 995
Employee
19 191
-
31 982
-
income
2 633
-
5 159
-
pensions
2 161
-
3 601
-
health
2 197
-
3 662
-
total
6 991
-
12 422
-
Employer
19 191
-
31 982
-
unemployment
470
-
784
-
accident
320
-
534
-
pensions
3 120
-
5 200
-
total
3 910
-
6 518
-
Corporate
15 398
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.

13 858
34 650
-
-
total
13 858
34 650
-
-
Dividends
1 540
3 850
-
-
withholding
292
731
-
-
total
292
731
-
-
Income
38 500
38 500
38 500
38 500
Total tax
25 051
35 381
18 940
11 995
After tax
13 449
3 119
19 560
26 505
Living cost
12 200
12 200
12 200
12 200
Free-cash
1 249
-9 081
7 360
14 305

Estimated living cost  is ₴12200 per week

₴8954
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴711
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.
₴2290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15449
₴25831
₴15449
₴23350
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
38 500
income
-
-
-
5 570
health insurance
-
-
-
2 849
work injury
-
-
-
192
pensions
-
-
-
7 084
unemployment
-
-
-
462
total
-
-
-
16 157
Employee

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

11 030
-
38 500
-
income
1 103
-
5 570
-
work injury
55
-
192
-
health insurance
816
-
2 849
-
pensions
2 030
-
7 084
-
unemployment
132
-
462
-
total
4 136
-
16 157
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 470
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
27 470
38 500
-
-
withholding
4 120
5 775
-
-
total
4 120
5 775
-
-
Income
38 500
38 500
38 500
38 500
Total tax
8 256
5 775
16 157
16 157
After tax
30 244
32 725
22 343
22 343
Living cost
6 894
6 894
6 894
6 894
Free-cash
23 350
25 831
15 449
15 449

Estimated living cost  is ₴6894 per week

₴4271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1934
-₴85
₴28
-₴4575
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
social contributions
-
-
-
9 902
national
-
-
-
7 297
regional
-
-
-
652
municipal
-
-
-
257
total
-
-
-
18 108
Employee
43 076
-
38 500
-
social contributions
14 525
-
12 982
-
municipal
257
-
230
-
national
7 279
-
6 307
-
regional
650
-
551
-
total
22 711
-
20 070
-
Employer
43 076
-
38 500
-
total
-
-
-
-
Corporate
-
38 500
-
-
nationa
-
9 240
-
-
municipal
-
1 856
-
-
total
-
11 096
-
-
Dividends
-
27 404
-
-
withholding
-
7 125
-
-
total
-
7 125
-
-
Income
38 500
38 500
38 500
38 500
Total tax
22 711
18 221
20 070
18 108
After tax
15 789
20 279
18 430
20 392
Living cost
20 364
20 364
20 364
20 364
Free-cash
-4 575
-85
-1 934
28

Estimated living cost  is ₴20364 per week

₴14305
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4351
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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