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
₴6465
₴11219
₴11975
₴14892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
38 500
trade
-
-
-
2 917
income

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

-
-
-
7 259
health

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

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

-
-
-
2 935
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.

-
-
-
400
total
-
-
-
13 511
Employee

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

16 434
-
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.

2 935
-
2 935
-
surtax

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

25
-
400
-
income

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

459
-
7 259
-
total
3 419
-
10 594
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
22 066
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.

182
318
-
-
income
3 310
5 775
-
-
trade
3 475
6 064
-
-
chamber of commerce
97
121
-
-
total
7 064
12 278
-
-
Dividends
15 002
26 222
-
-
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.

197
351
-
-
withholding
3 587
6 392
-
-
total
3 784
6 743
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 267
19 021
10 594
13 511
After tax
24 233
19 479
27 906
24 989
Living cost
13 014
13 014
13 014
13 014
Free-cash
11 219
6 465
14 892
11 975

Estimated living cost  is ₴13014 per week

₴8186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴2345
₴1845
₴1699
₴2001
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
municipal
-
-
-
3 957
pensions
-
-
-
4 620
national
-
-
-
6 131
social contributions
-
-
-
414
total
-
-
-
15 122
Employee
33 606
-
33 283
-
municipal
4 151
-
4 106
-
pensions
1 344
-
1 331
-
national
6 432
-
6 362
-
total
11 927
-
11 799
-
Employer
33 606
-
33 283
-
social contributions
361
-
358
-
pensions
2 688
-
2 663
-
total
3 049
-
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
14 976
14 476
14 820
15 122
After tax
23 524
24 024
23 680
23 378
Living cost
21 679
21 679
21 679
21 679
Free-cash
1 845
2 345
2 001
1 699

Estimated living cost  is ₴21679 per week

₴14735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4604
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21861
₴18337
₴11664
₴12812
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
5 519
surtax
-
-
-
-
social contributions

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

-
-
-
12 378
total
-
-
-
17 897
Employee
12 555
-
31 026
-
social contributions

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

1 381
-
3 413
-
surtax
-
-
-
-
income
2 235
-
5 862
-
total
3 616
-
9 275
-
Employer
12 555
-
31 026
-
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.

3 024
-
7 474
-
surtax
-
-
-
-
total
3 024
-
7 474
-
Corporate
22 920
38 500
-
-
income

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

4 584
7 700
-
-
total
4 584
7 700
-
-
Dividends

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

18 336
30 800
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
11 224
7 700
16 749
17 897
After tax
27 276
30 800
21 751
20 603
Living cost
8 939
8 939
8 939
8 939
Free-cash
18 337
21 861
12 812
11 664

Estimated living cost  is ₴8939 per week

₴5703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1756
-₴4169
₴3879
-₴4169
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 694
pensions
-
-
-
5 034
health
-
-
-
4 893
total
-
-
-
16 621
Employee
36 692
36 692
36 692
-
health
5 632
4 790
5 632
-
income

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

6 006
6 006
6 006
-
pensions
6 605
5 034
6 605
-
total
18 243
15 830
18 243
-
Employer
36 692
36 692
36 692
-
unemployment
1 321
1 321
1 321
-
pensions
2 554
2 554
2 554
-
health
2 551
2 551
2 551
-
total
6 426
6 426
6 426
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
24 669
22 256
24 669
16 621
After tax
13 831
16 244
13 831
21 879
Living cost
18 000
18 000
18 000
18 000
Free-cash
-4 169
-1 756
-4 169
3 879

Estimated living cost  is ₴18000 per week

₴12756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
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.
₴3335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4354
₴3978
₴2926
₴3892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
municipal
-
-
-
8 325
accident
-
-
-
73
pensions
-
-
-
3 949
other
-
-
-
4 244
unemployment
-
-
-
37
health
-
-
-
2 279
national
-
-
-
-
total
-
-
-
18 907
Employee
23 748
-
29 295
-
municipal
7 082
-
8 736
-
national
-
-
-
-
total
7 082
-
8 736
-
Employer
23 748
-
29 295
-
accident
48
-
59
-
other
2 760
-
3 404
-
unemployment
627
-
773
-
pensions
2 567
-
3 167
-
health
1 461
-
1 802
-
total
7 463
-
9 205
-
Corporate
7 290
38 500
-
-
income
1 604
8 470
-
-
total
1 604
8 470
-
-
Dividends
5 686
30 030
-
-
withholding
1 706
9 009
-
-
total
1 706
9 009
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 855
17 479
17 941
18 907
After tax
20 645
21 021
20 559
19 593
Living cost
16 667
16 667
16 667
16 667
Free-cash
3 978
4 354
3 892
2 926

Estimated living cost  is ₴16667 per week

₴11046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2402
₴8441
₴7980
₴11027
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
38 500
trade
-
-
-
3 047
income

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

-
-
-
7 259
health

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

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

-
-
-
2 935
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.

-
-
-
400
total
-
-
-
13 641
Employee

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

21 790
-
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.

2 935
-
2 935
-
surtax

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

103
-
400
-
income

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

1 872
-
7 259
-
total
4 910
-
10 594
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 710
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.

138
318
-
-
income
2 506
5 775
-
-
trade
2 749
6 333
-
-
chamber of commerce
89
120
-
-
total
5 482
12 546
-
-
Dividends
11 229
25 954
-
-
surtax

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

145
348
-
-
withholding
2 643
6 325
-
-
total
2 788
6 673
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 180
19 219
10 594
13 641
After tax
25 320
19 281
27 906
24 859
Living cost
16 879
16 879
16 879
16 879
Free-cash
8 441
2 402
11 027
7 980

Estimated living cost  is ₴16879 per week

₴11289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1780
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14271
₴12491
₴13985
₴13946
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
3 591
health
-
-
-
982
social contributions
-
-
-
6 006
total
-
-
-
10 579
Employee
33 040
33 040
34 952
-
social contributions
1 605
2 742
2 901
-
health
329
562
594
-
income
3 469
3 059
3 575
-
total
5 403
6 363
7 070
-
Employer
33 040
33 040
34 952
-
social contributions
1 605
2 742
2 901
-
health
358
612
647
-
total
1 963
3 354
3 548
-
Corporate
17 197
2 106
-
-
income
2 149
263
-
-
total
2 149
263
-
-
Dividends
15 047
1 843
-
-
withholding
2 558
313
-
-
total
2 558
313
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 073
10 293
10 618
10 579
After tax
26 427
28 207
27 882
27 921
Living cost
13 936
13 936
13 936
13 936
Free-cash
12 491
14 271
13 946
13 985

Estimated living cost  is ₴13936 per week

₴9527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1089
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13908
₴14070
₴18874
₴14522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

11 255
4 479
32 218
-
health
788
314
2 255
-
income
1 376
548
3 939
-
pensions
1 125
448
3 222
-
unemployment
169
67
483
-
total
3 458
1 377
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.

11 255
4 479
32 218
-
pensions
2 195
873
6 282
-
total
2 195
873
6 282
-
Corporate
25 051
33 147
-
-
income
2 255
2 983
-
-
total
2 255
2 983
-
-
Dividends
22 796
30 164
-
-
social contributions
4 394
5 831
-
-
withholding
4 331
5 731
-
-
total
8 725
11 562
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 633
16 795
16 181
11 829
After tax
21 867
21 705
22 319
26 671
Living cost
7 797
7 797
7 797
7 797
Free-cash
14 070
13 908
14 522
18 874

Estimated living cost  is ₴7797 per week

₴5320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1682
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20422
₴17753
₴10257
₴11811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
5 159
pensions
-
-
-
7 701
health
-
-
-
5 005
total
-
-
-
17 865
Employee
12 189
-
28 774
-
income
1 372
-
5 548
-
pensions
244
-
576
-
unemployment
195
-
461
-
total
1 811
-
6 585
-
Employer
12 189
-
28 774
-
unemployment
98
-
230
-
pensions
2 438
-
5 755
-
health
1 584
-
3 741
-
total
4 120
-
9 726
-
Corporate
22 191
38 500
-
-
income
4 438
7 700
-
-
total
4 438
7 700
-
-
Dividends
17 753
30 800
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
10 369
7 700
16 311
17 865
After tax
28 131
30 800
22 189
20 635
Living cost
10 378
10 378
10 378
10 378
Free-cash
17 753
20 422
11 811
10 257

Estimated living cost  is ₴10378 per week

₴7118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6311
₴1673
₴17023
₴10184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
accident
-
-
-
108
income
-
-
-
9 063
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
12 048
Employee
14 833
-
32 441
-
health
1 698
-
3 714
-
income
2 035
-
5 844
-
pensions
1 670
-
3 270
-
total
5 403
-
12 828
-
Employer
14 833
-
32 441
-
accident
248
-
542
-
unemployment
363
-
795
-
pensions
2 412
-
4 722
-
total
3 023
-
6 059
-
Corporate
20 644
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.

18 580
34 650
-
-
total
18 580
34 650
-
-
Dividends
2 064
3 850
-
-
withholding
392
732
-
-
total
392
732
-
-
Income
38 500
38 500
38 500
38 500
Total tax
27 398
35 382
18 887
12 048
After tax
11 102
3 118
19 613
26 452
Living cost
9 429
9 429
9 429
9 429
Free-cash
1 673
-6 311
10 184
17 023

Estimated living cost  is ₴9429 per week

₴6911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1799
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32682
₴31952
₴34222
₴26907
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
38 500
microenterprise

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

-
-
-
385
total
-
-
-
385
Employee
4 866
-
38 500
-
income
973
-
7 700
-
total
973
-
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%.

33 634
38 500
-
-
total
-
-
-
-
Dividends
33 634
38 500
-
-
withholding
1 682
1 925
-
-
total
1 682
1 925
-
-
Income
38 500
38 500
38 500
38 500
Total tax
2 655
1 925
7 700
385
After tax
35 845
36 575
30 800
38 115
Living cost
3 893
3 893
3 893
3 893
Free-cash
31 952
32 682
26 907
34 222

Estimated living cost  is ₴3893 per week

₴2412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16837
₴13934
₴9398
₴11119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
4 890
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
other
-
-
-
1 829
health
-
-
-
1 694
total
-
-
-
17 653
Employee
15 601
-
30 751
-
health
219
-
431
-
income
2 686
-
5 293
-
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.

1 092
-
2 153
-
unemployment
156
-
307
-
total
4 153
-
8 184
-
Employer
15 601
-
30 751
-
accident
125
-
246
-
other
780
-
1 537
-
unemployment
156
-
307
-
pensions

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

2 652
-
5 227
-
health
219
-
431
-
total
3 932
-
7 748
-
Corporate
18 967
38 500
-
-
income
3 983
8 085
-
-
total
3 983
8 085
-
-
Dividends
14 984
30 415
-
-
withholding
1 049
2 129
-
-
total
1 049
2 129
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 117
10 214
15 932
17 653
After tax
25 383
28 286
22 568
20 847
Living cost
11 449
11 449
11 449
11 449
Free-cash
13 934
16 837
11 119
9 398

Estimated living cost  is ₴11449 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴146
-₴7671
-₴161
-₴4444
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 213
pensions
-
-
-
2 748
total
-
-
-
9 961
Employee
40 606
-
33 975
-
health
669
-
533
-
income
7 320
-
6 064
-
pensions
3 917
-
3 122
-
total
11 906
-
9 719
-
Employer
40 606
-
33 975
-
pensions
4 794
-
3 880
-
health
771
-
645
-
total
5 565
-
4 525
-
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
17 471
9 654
14 244
9 961
After tax
21 029
28 846
24 256
28 539
Living cost
28 700
28 700
28 700
28 700
Free-cash
-7 671
146
-4 444
-161

Estimated living cost  is ₴28700 per week

₴21505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴27285
₴25288
₴23085
₴24194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
5 775
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
9 782
Employee
7 458
-
35 556
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
3 556
-
pensions

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

655
-
1 318
-
total
1 826
-
5 729
-
Employer
7 458
-
35 556
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 654
-
health
515
-
1 035
-
total
1 464
-
2 944
-
Corporate
29 578
38 500
-
-
income
2 958
3 850
-
-
total
2 958
3 850
-
-
Dividends
26 620
34 650
-
-
withholding
1 331
1 732
-
-
total
1 331
1 732
-
-
Income
38 500
38 500
38 500
38 500
Total tax
7 579
5 582
8 673
9 782
After tax
30 921
32 918
29 827
28 718
Living cost
5 633
5 633
5 633
5 633
Free-cash
25 288
27 285
24 194
23 085

Estimated living cost  is ₴5633 per week

₴3288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7582
-₴8310
-₴1947
-₴9995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 694
pensions
-
-
-
5 034
health
-
-
-
4 893
total
-
-
-
16 621
Employee
39 836
36 692
36 692
-
health
4 970
4 790
5 632
-
income

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

6 006
6 006
6 006
-
pensions
5 034
5 034
6 605
-
total
16 010
15 830
18 243
-
Employer
39 836
36 692
36 692
-
unemployment
1 434
1 321
1 321
-
pensions
2 772
2 554
2 554
-
health
2 768
2 551
2 551
-
total
6 974
6 426
6 426
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
22 984
22 256
24 669
16 621
After tax
15 516
16 244
13 831
21 879
Living cost
23 826
23 826
23 826
23 826
Free-cash
-8 310
-7 582
-9 995
-1 947

Estimated living cost  is ₴23826 per week

₴17576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16232
₴12567
₴8477
₴9261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
3 309
health
-
-
-
5 197
solidarity contribution
-
-
-
-
social contributions
-
-
-
11 242
total
-
-
-
19 748
Employee
15 110
-
28 731
-
social contributions
982
-
1 868
-
health
2 040
-
3 879
-
solidarity contribution
-
-
-
-
income
1 813
-
3 448
-
total
4 835
-
9 195
-
Employer
15 110
-
28 731
-
social contributions
3 777
-
7 183
-
health
1 360
-
2 586
-
total
5 137
-
9 769
-
Corporate
18 253
38 500
-
-
income
3 468
7 315
-
-
total
3 468
7 315
-
-
Dividends
14 785
31 185
-
-
withholding
2 218
4 678
-
-
total
2 218
4 678
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 658
11 993
18 964
19 748
After tax
22 842
26 507
19 536
18 752
Living cost
10 275
10 275
10 275
10 275
Free-cash
12 567
16 232
9 261
8 477

Estimated living cost  is ₴10275 per week

₴7137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2411
₴167
₴1954
₴122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
municipal
-
-
-
229
regional
-
-
-
417
national
-
-
-
7 867
social contributions
-
-
-
9 902
total
-
-
-
18 415
Employee
38 187
-
38 500
-
social contributions
12 877
-
12 983
-
regional
360
-
364
-
municipal
202
-
204
-
national
6 617
-
6 696
-
total
20 056
-
20 247
-
Employer
38 187
-
38 500
-
total
-
-
-
-
Corporate
313
38 500
-
-
nationa
75
9 240
-
-
municipal
12
1 501
-
-
total
87
10 741
-
-
Dividends
226
27 759
-
-
withholding
59
7 217
-
-
total
59
7 217
-
-
Income
38 500
38 500
38 500
38 500
Total tax
20 202
17 958
20 247
18 415
After tax
18 298
20 542
18 253
20 085
Living cost
18 131
18 131
18 131
18 131
Free-cash
167
2 411
122
1 954

Estimated living cost  is ₴18131 per week

₴12638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1189
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.
₴4025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14736
₴13398
₴10784
₴10046
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 924
pensions
-
-
-
7 700
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 733
surtax
-
-
-
780
total
-
-
-
18 235
Employee
14 209
-
31 804
-
other
-
-
-
-
health
363
-
811
-
surtax
46
-
694
-
income
2 382
-
6 438
-
pensions
947
-
2 122
-
unemployment
989
-
2 214
-
total
4 727
-
12 279
-
Employer
14 209
-
31 804
-
other
-
-
-
-
unemployment
450
-
1 008
-
pensions
1 894
-
4 239
-
health
647
-
1 447
-
total
2 991
-
6 694
-
Corporate
21 300
38 500
-
-
income
5 538
10 010
-
-
total
5 538
10 010
-
-
Dividends
15 762
28 490
-
-
withholding
2 365
4 273
-
-
total
2 365
4 273
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 621
14 283
18 973
18 235
After tax
22 879
24 217
19 527
20 265
Living cost
9 481
9 481
9 481
9 481
Free-cash
13 398
14 736
10 046
10 784

Estimated living cost  is ₴9481 per week

₴5797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
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.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴9239
₴5862
₴8932
₴4649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 213
pensions
-
-
-
2 748
total
-
-
-
9 961
Employee
27 213
-
33 975
-
health
395
-
533
-
income
4 901
-
6 064
-
pensions
2 310
-
3 122
-
total
7 606
-
9 719
-
Employer
27 213
-
33 975
-
pensions
2 946
-
3 880
-
health
517
-
645
-
total
3 463
-
4 525
-
Corporate
7 824
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.

1 487
7 315
-
-
total
1 487
7 315
-
-
Dividends
6 338
31 185
-
-
withholding
475
2 339
-
-
total
475
2 339
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 031
9 654
14 244
9 961
After tax
25 469
28 846
24 256
28 539
Living cost
19 607
19 607
19 607
19 607
Free-cash
5 862
9 239
4 649
8 932

Estimated living cost  is ₴19607 per week

₴14689
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴15073
-₴3384
-₴404
-₴2377
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
405
pensions
-
-
-
3 542
other

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

-
-
-
770
regional
-
-
-
1 225
health
-
-
-
107
national
-
-
-
177
total
-
-
-
6 226
Employee
38 242
-
34 460
-
city
410
-
370
-
regional
1 252
-
1 047
-
health
86
-
77
-
pensions
3 213
-
2 894
-
unemployment
-
-
-
-
national
181
-
151
-
total
5 142
-
4 539
-
Employer
38 242
-
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.

765
-
689
-
unemployment
-
-
-
-
pensions
3 213
-
2 894
-
health
86
-
77
-
total
4 064
-
3 660
-
Corporate
-
38 500
-
-
regional
-
8 143
-
-
national
-
3 272
-
-
total
-
11 415
-
-
Dividends
-
27 085
-
-
withholding
-
9 480
-
-
total
-
9 480
-
-
Income
38 500
38 500
38 500
38 500
Total tax
9 206
20 895
8 199
6 226
After tax
29 294
17 605
30 301
32 274
Living cost
32 678
32 678
32 678
32 678
Free-cash
-3 384
-15 073
-2 377
-404

Estimated living cost  is ₴32678 per week

₴21250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴401
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴601
₴6368
₴5045
₴8222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
38 500
trade
-
-
-
3 177
income

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

-
-
-
7 259
health

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

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

-
-
-
2 935
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.

-
-
-
400
total
-
-
-
13 771
Employee

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

25 823
-
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.

2 935
-
2 935
-
surtax

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

167
-
400
-
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.

3 036
-
7 259
-
total
6 138
-
10 594
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
12 677
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.

104
318
-
-
income
1 901
5 775
-
-
trade
2 174
6 603
-
-
chamber of commerce
83
119
-
-
total
4 262
12 815
-
-
Dividends
8 415
25 685
-
-
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.

107
344
-
-
withholding
1 941
6 258
-
-
total
2 048
6 602
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 448
19 417
10 594
13 771
After tax
26 052
19 083
27 906
24 729
Living cost
19 684
19 684
19 684
19 684
Free-cash
6 368
-601
8 222
5 045

Estimated living cost  is ₴19684 per week

₴14376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3478
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4703
₴7244
₴7596
₴7506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
3 035
pensions
-
-
-
10 409
other
-
-
-
1 195
health
-
-
-
467
surtax
-
-
-
-
social contributions
-
-
-
1 097
total
-
-
-
16 203
Employee
18 389
-
29 338
-
social contributions
524
-
836
-
surtax
-
-
-
-
income
1 085
-
2 977
-
pensions
2 079
-
3 318
-
total
3 688
-
7 131
-
Employer
18 389
-
29 338
-
other
634
-
1 012
-
social contributions
55
-
88
-
unemployment
744
-
1 188
-
pensions
3 021
-
4 820
-
health
1 287
-
2 054
-
total
5 741
-
9 162
-
Corporate
14 368
38 500
-
-
surtax
-
-
-
-
income
4 023
10 780
-
-
total
4 023
10 780
-
-
Dividends
10 345
27 720
-
-
surtax
-
-
-
-
social contributions
1 779
4 768
-
-
withholding
1 324
3 548
-
-
total
3 103
8 316
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 555
19 096
16 293
16 203
After tax
21 945
19 404
22 207
22 297
Living cost
14 701
14 701
14 701
14 701
Free-cash
7 244
4 703
7 506
7 596

Estimated living cost  is ₴14701 per week

₴9269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6160
₴8546
₴9053
₴8963
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
3 035
pensions
-
-
-
10 409
other
-
-
-
1 195
health
-
-
-
467
surtax
-
-
-
-
social contributions
-
-
-
1 097
total
-
-
-
16 203
Employee
16 415
-
29 338
-
social contributions
468
-
836
-
surtax
-
-
-
-
income
846
-
2 977
-
pensions
1 857
-
3 318
-
total
3 171
-
7 131
-
Employer
16 415
-
29 338
-
other
567
-
1 012
-
social contributions
49
-
88
-
unemployment
665
-
1 188
-
pensions
2 697
-
4 820
-
health
1 149
-
2 054
-
total
5 127
-
9 162
-
Corporate
16 959
38 500
-
-
surtax
-
-
-
-
income
4 749
10 780
-
-
total
4 749
10 780
-
-
Dividends
12 210
27 720
-
-
surtax
-
-
-
-
social contributions
2 100
4 768
-
-
withholding
1 563
3 548
-
-
total
3 663
8 316
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 710
19 096
16 293
16 203
After tax
21 790
19 404
22 207
22 297
Living cost
13 244
13 244
13 244
13 244
Free-cash
8 546
6 160
8 963
9 053

Estimated living cost  is ₴13244 per week

₴7681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14378
₴14600
₴15613
₴15911
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
5 775
health
-
-
-
2 688
social contributions
-
-
-
5 313
total
-
-
-
13 776
Employee
14 568
-
38 500
-
social contributions
2 011
-
5 313
-
health
1 017
-
2 688
-
income
2 430
-
5 477
-
total
5 458
-
13 478
-
Employer
14 568
-
38 500
-
total
-
-
-
-
Corporate
23 932
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%.

1 196
1 925
-
-
total
1 196
1 925
-
-
Dividends
22 735
36 575
-
-
health
1 587
2 553
-
-
social contributions
3 138
5 047
-
-
withholding
3 410
5 486
-
-
total
8 135
13 086
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 789
15 011
13 478
13 776
After tax
23 711
23 489
25 022
24 724
Living cost
9 111
9 111
9 111
9 111
Free-cash
14 600
14 378
15 911
15 613

Estimated living cost  is ₴9111 per week

₴6097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6517
₴5853
₴4721
-₴2598
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
154
income
-
-
-
5 698
pensions
-
-
-
7 122
unemployment
-
-
-
2 635
health
-
-
-
2 945
surtax
-
-
-
85
total
-
-
-
18 639
Employee
21 473
17 123
29 829
-
other
214
171
298
-
health
831
663
1 155
-
income
2 445
1 263
4 839
-
pensions
2 199
1 753
3 054
-
unemployment
644
514
894
-
total
6 333
4 364
10 240
-
Employer
21 473
17 123
29 829
-
accident
279
223
388
-
other
1 020
813
1 417
-
chamber of commerce
86
68
119
-
unemployment
644
514
894
-
surtax
85
85
85
-
pensions
2 695
2 149
3 743
-
payroll
644
514
894
-
health
811
647
1 128
-
total
6 264
5 013
8 668
-
Corporate
10 763
16 364
28 200
-
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.

2 691
4 091
7 050
-
total
2 691
4 091
7 050
-
Dividends
8 072
12 273
-
-
withholding
2 219
3 375
-
-
total
2 219
3 375
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 507
16 843
25 958
18 639
After tax
20 993
21 657
12 542
19 861
Living cost
15 140
15 140
15 140
15 140
Free-cash
5 853
6 517
-2 598
4 721

Estimated living cost  is ₴15140 per week

₴10098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1292
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.
₴3502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5943
-₴1180
₴2948
-₴390
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
12 157
communal

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

-
-
-
1 964
social contributions
-
-
-
5 765
total
-
-
-
19 886
Employee

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

30 735
-
29 819
-
communal

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

1 603
-
1 555
-
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.

1 444
-
1 402
-
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.

2 305
-
2 237
-
unemployment

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

267
-
259
-
national
9 449
-
9 090
-
total
15 068
-
14 543
-
Employer

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

30 735
-
29 819
-
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.

400
-
388
-
unemployment

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

448
-
435
-
surtax
3 485
-
3 382
-
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.

2 723
-
2 642
-
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.

1 890
-
1 834
-
total
8 946
-
8 681
-
Corporate
-
38 500
-
-
surtax
-
154
-
-
income
-
7 700
-
-
total
-
7 854
-
-
Dividends
-
30 646
-
-
withholding

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

-
9 037
-
-
total
-
9 037
-
-
Income
38 500
38 500
38 500
38 500
Total tax
24 014
16 891
23 224
19 886
After tax
14 486
21 609
15 276
18 614
Living cost
15 666
15 666
15 666
15 666
Free-cash
-1 180
5 943
-390
2 948

Estimated living cost  is ₴15666 per week

₴10091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10434
₴7011
₴4843
₴5117
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
accident
-
-
-
347
income
-
-
-
6 590
pensions
-
-
-
10 895
other
-
-
-
38
unemployment
-
-
-
270
total
-
-
-
18 140
Employee
21 388
-
29 193
-
other
21
-
29
-
income
4 513
-
6 706
-
pensions
1 005
-
1 372
-
unemployment
332
-
453
-
total
5 871
-
8 560
-
Employer
21 388
-
29 193
-
accident
423
-
578
-
other
170
-
234
-
unemployment
1 177
-
1 605
-
pensions
5 047
-
6 889
-
total
6 817
-
9 306
-
Corporate
10 294
38 500
-
-
income

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

1 544
5 775
-
-
total
1 544
5 775
-
-
Dividends
8 750
32 725
-
-
withholding
1 740
6 774
-
-
total
1 740
6 774
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 972
12 549
17 866
18 140
After tax
22 528
25 951
20 634
20 360
Living cost
15 517
15 517
15 517
15 517
Free-cash
7 011
10 434
5 117
4 843

Estimated living cost  is ₴15517 per week

₴11427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1101
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.
₴2766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴340
-₴2376
-₴806
₴1041
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
accident
-
-
-
325
income
-
-
-
2 814
pensions
-
-
-
5 770
health
-
-
-
2 705
surtax
-
-
-
1 909
communal
-
-
-
2 433
total
-
-
-
15 956
Employee
32 539
-
34 390
-
health
1 448
-
1 530
-
surtax
1 994
-
2 108
-
income
3 143
-
3 610
-
pensions
2 603
-
2 751
-
total
9 188
-
9 999
-
Employer
32 539
-
34 390
-
accident
293
-
310
-
pensions
2 603
-
2 751
-
health
992
-
1 049
-
total
3 888
-
4 110
-
Corporate
2 073
38 500
-
-
surtax
22
404
-
-
communal
-
2 599
-
-
income
311
5 775
-
-
total
333
8 778
-
-
Dividends
1 741
29 722
-
-
income
3 856
1 573
-
-
withholding
261
4 459
-
-
total
4 117
6 032
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 526
14 810
14 109
15 956
After tax
20 974
23 690
24 391
22 544
Living cost
23 350
23 350
23 350
23 350
Free-cash
-2 376
340
1 041
-806

Estimated living cost  is ₴23350 per week

₴17516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
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.
₴4172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14566
₴13199
₴10614
₴9876
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 924
pensions
-
-
-
7 700
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 733
surtax
-
-
-
780
total
-
-
-
18 235
Employee
14 470
-
31 804
-
other
-
-
-
-
health
369
-
811
-
surtax
51
-
694
-
income
2 426
-
6 438
-
pensions
965
-
2 122
-
unemployment
1 007
-
2 214
-
total
4 818
-
12 279
-
Employer
14 470
-
31 804
-
other
-
-
-
-
unemployment
459
-
1 008
-
pensions
1 929
-
4 239
-
health
658
-
1 447
-
total
3 046
-
6 694
-
Corporate
20 984
38 500
-
-
income
5 456
10 010
-
-
total
5 456
10 010
-
-
Dividends
15 528
28 490
-
-
withholding
2 330
4 273
-
-
total
2 330
4 273
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 650
14 283
18 973
18 235
After tax
22 850
24 217
19 527
20 265
Living cost
9 651
9 651
9 651
9 651
Free-cash
13 199
14 566
9 876
10 614

Estimated living cost  is ₴9651 per week

₴5827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8662
₴7709
₴8347
₴6525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
municipal
-
-
-
229
regional
-
-
-
581
national
-
-
-
7 867
social contributions
-
-
-
9 902
total
-
-
-
18 579
Employee
23 835
-
38 500
-
social contributions
8 037
-
12 983
-
regional
321
-
518
-
municipal
126
-
204
-
national
3 776
-
6 696
-
total
12 260
-
20 401
-
Employer
23 835
-
38 500
-
total
-
-
-
-
Corporate
14 665
38 500
-
-
nationa
3 520
9 240
-
-
municipal
729
1 914
-
-
total
4 249
11 154
-
-
Dividends
10 416
27 346
-
-
withholding
2 708
7 110
-
-
total
2 708
7 110
-
-
Income
38 500
38 500
38 500
38 500
Total tax
19 217
18 264
20 401
18 579
After tax
19 283
20 236
18 099
19 921
Living cost
11 574
11 574
11 574
11 574
Free-cash
7 709
8 662
6 525
8 347

Estimated living cost  is ₴11574 per week

₴7198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13846
₴9329
₴6091
₴6875
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
3 309
health
-
-
-
5 197
solidarity contribution
-
-
-
-
social contributions
-
-
-
11 242
total
-
-
-
19 748
Employee
18 619
-
28 731
-
social contributions
1 210
-
1 868
-
health
2 514
-
3 879
-
solidarity contribution
-
-
-
-
income
2 234
-
3 448
-
total
5 958
-
9 195
-
Employer
18 619
-
28 731
-
social contributions
4 655
-
7 183
-
health
1 676
-
2 586
-
total
6 331
-
9 769
-
Corporate
13 550
38 500
-
-
income
2 575
7 315
-
-
total
2 575
7 315
-
-
Dividends
10 976
31 185
-
-
withholding
1 646
4 678
-
-
total
1 646
4 678
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 510
11 993
18 964
19 748
After tax
21 990
26 507
19 536
18 752
Living cost
12 661
12 661
12 661
12 661
Free-cash
9 329
13 846
6 875
6 091

Estimated living cost  is ₴12661 per week

₴9416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7995
₴7784
₴6238
-₴1159
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
154
income
-
-
-
5 698
pensions
-
-
-
7 122
unemployment
-
-
-
2 635
health
-
-
-
2 945
surtax
-
-
-
-
total
-
-
-
18 554
Employee
18 782
17 123
29 895
-
other
188
171
299
-
health
727
663
1 157
-
income
1 673
1 263
4 866
-
pensions
1 923
1 753
3 061
-
unemployment
563
514
897
-
total
5 074
4 364
10 280
-
Employer
18 782
17 123
29 895
-
accident
244
223
389
-
other
892
813
1 420
-
chamber of commerce
75
68
120
-
unemployment
563
514
897
-
surtax
-
-
-
-
pensions
2 357
2 149
3 752
-
payroll
563
514
897
-
health
710
647
1 130
-
total
5 404
4 928
8 605
-
Corporate
14 313
16 449
28 264
-
income

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

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

3 578
4 112
7 066
-
total
3 578
4 112
7 066
-
Dividends
10 735
12 337
-
-
withholding
2 952
3 393
-
-
total
2 952
3 393
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 008
16 797
25 951
18 554
After tax
21 492
21 703
12 549
19 946
Living cost
13 708
13 708
13 708
13 708
Free-cash
7 784
7 995
-1 159
6 238

Estimated living cost  is ₴13708 per week

₴8223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30509
₴29371
₴32049
₴24734
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
38 500
microenterprise

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

-
-
-
385
total
-
-
-
385
Employee
7 582
-
38 500
-
income
1 517
-
7 700
-
total
1 517
-
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%.

30 918
38 500
-
-
total
-
-
-
-
Dividends
30 918
38 500
-
-
withholding
1 546
1 925
-
-
total
1 546
1 925
-
-
Income
38 500
38 500
38 500
38 500
Total tax
3 063
1 925
7 700
385
After tax
35 437
36 575
30 800
38 115
Living cost
6 066
6 066
6 066
6 066
Free-cash
29 371
30 509
24 734
32 049

Estimated living cost  is ₴6066 per week

₴4105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴255
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14982
₴11390
₴8590
₴7487
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
38 500
income
-
-
-
7 508
pensions
-
-
-
7 031
unemployment
-
-
-
58
health
-
-
-
3 788
total
-
-
-
18 385
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.

19 000
-
33 313
-
health
1 227
-
2 152
-
income
3 277
-
6 939
-
pensions
2 945
-
5 164
-
unemployment
27
-
46
-
total
7 476
-
14 301
-
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.

19 000
-
33 313
-
unemployment
11
-
20
-
pensions
1 681
-
2 948
-
health
1 265
-
2 219
-
total
2 957
-
5 187
-
Corporate
16 542
38 500
-
-
income
3 142
7 315
-
-
total
3 142
7 315
-
-
Dividends
13 399
31 185
-
-
withholding
2 010
4 678
-
-
total
2 010
4 678
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 585
11 993
19 488
18 385
After tax
22 915
26 507
19 012
20 115
Living cost
11 525
11 525
11 525
11 525
Free-cash
11 390
14 982
7 487
8 590

Estimated living cost  is ₴11525 per week

₴7909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
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.
₴2654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4789
-₴25893
₴7973
₴14185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
7 504
social contributions
-
-
-
4 389
total
-
-
-
11 893
Employee
26 719
-
-
-
social contributions
2 191
-
312
-
income
5 894
-
-
-
total
8 085
-
312
-
Employer
26 719
-
-
-
social contributions
37 674
-
5 369
-
total
37 674
-
5 369
-
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
45 759
15 077
5 681
11 893
After tax
-7 259
23 423
32 819
26 607
Living cost
18 634
18 634
18 634
18 634
Free-cash
-25 893
4 789
14 185
7 973

Estimated living cost  is ₴18634 per week

₴12091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8422
₴7990
₴8199
₴6420
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
38 500
income
-
-
-
3 445
surtax
-
-
-
-
social contributions

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

-
-
-
13 379
total
-
-
-
16 824
Employee
19 762
-
31 111
-
social contributions
2 174
-
3 422
-
surtax
-
-
-
-
income
4 110
-
7 792
-
total
6 284
-
11 214
-
Employer
19 762
-
31 111
-
social contributions
4 693
-
7 389
-
total
4 693
-
7 389
-
Corporate
14 045
38 500
-
-
surtax
-
-
-
-
income
2 949
8 085
-
-
total
2 949
8 085
-
-
Dividends
11 096
30 415
-
-
withholding
3 107
8 516
-
-
total
3 107
8 516
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 033
16 601
18 603
16 824
After tax
21 467
21 899
19 897
21 676
Living cost
13 477
13 477
13 477
13 477
Free-cash
7 990
8 422
6 420
8 199

Estimated living cost  is ₴13477 per week

₴10084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1349
₴1603
₴1544
₴1454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
3 035
pensions
-
-
-
10 409
other
-
-
-
1 195
health
-
-
-
467
surtax
-
-
-
-
social contributions
-
-
-
1 097
total
-
-
-
16 203
Employee
26 911
-
29 338
-
social contributions
766
-
836
-
surtax
-
-
-
-
income
2 348
-
2 977
-
pensions
3 044
-
3 318
-
total
6 158
-
7 131
-
Employer
26 911
-
29 338
-
other
929
-
1 012
-
social contributions
81
-
88
-
unemployment
1 090
-
1 188
-
pensions
4 422
-
4 820
-
health
1 884
-
2 054
-
total
8 406
-
9 162
-
Corporate
3 184
38 500
-
-
surtax
-
-
-
-
income
891
10 780
-
-
total
891
10 780
-
-
Dividends
2 293
27 720
-
-
surtax
-
-
-
-
social contributions
395
4 768
-
-
withholding
294
3 548
-
-
total
689
8 316
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 144
19 096
16 293
16 203
After tax
22 356
19 404
22 207
22 297
Living cost
20 753
20 753
20 753
20 753
Free-cash
1 603
-1 349
1 454
1 544

Estimated living cost  is ₴20753 per week

₴14045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21734
₴20290
₴16591
₴17671
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
523
social contributions
-
-
-
8 470
total
-
-
-
8 993
Employee
13 814
-
33 333
-
income
-
-
580
-
social contributions
898
-
2 166
-
total
898
-
2 746
-
Employer
13 814
-
33 333
-
social contributions
2 141
-
5 167
-
total
2 141
-
5 167
-
Corporate
22 545
38 500
-
-
income
2 255
3 850
-
-
total
2 255
3 850
-
-
Dividends
20 291
34 650
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
5 294
3 850
7 913
8 993
After tax
33 206
34 650
30 587
29 507
Living cost
12 916
12 916
12 916
12 916
Free-cash
20 290
21 734
17 671
16 591

Estimated living cost  is ₴12916 per week

₴8351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
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.
₴3348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴55114
-₴55114
₴3409
-₴55114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
municipal
-
-
-
6 961
pensions
-
-
-
372
national
-
-
-
4 015
labour market
-
-
-
3 050
total
-
-
-
14 398
Employee
87 338
87 338
87 338
-
labour market
6 977
6 977
6 977
-
national
10 670
10 670
10 670
-
municipal
18 598
18 598
18 598
-
pensions
124
124
124
-
total
36 369
36 369
36 369
-
Employer
87 338
87 338
87 338
-
labour market
6 987
6 987
6 987
-
municipal
18 628
18 628
18 628
-
pensions
248
248
248
-
national
10 689
10 689
10 689
-
total
36 552
36 552
36 552
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
72 921
72 921
72 921
14 398
After tax
-34 421
-34 421
-34 421
24 102
Living cost
20 693
20 693
20 693
20 693
Free-cash
-55 114
-55 114
-55 114
3 409

Estimated living cost  is ₴20693 per week

₴14162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6172
₴1695
₴17162
₴10323
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
accident
-
-
-
108
income
-
-
-
9 063
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
12 048
Employee
14 614
-
32 441
-
health
1 673
-
3 714
-
income
2 005
-
5 844
-
pensions
1 646
-
3 270
-
total
5 324
-
12 828
-
Employer
14 614
-
32 441
-
accident
244
-
542
-
unemployment
358
-
795
-
pensions
2 376
-
4 722
-
total
2 978
-
6 059
-
Corporate
20 907
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.

18 816
34 650
-
-
total
18 816
34 650
-
-
Dividends
2 091
3 850
-
-
withholding
397
732
-
-
total
397
732
-
-
Income
38 500
38 500
38 500
38 500
Total tax
27 515
35 382
18 887
12 048
After tax
10 985
3 118
19 613
26 452
Living cost
9 290
9 290
9 290
9 290
Free-cash
1 695
-6 172
10 323
17 162

Estimated living cost  is ₴9290 per week

₴6762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴530
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9444
₴8047
₴11343
₴5820
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
38 500
municipal
-
-
-
6 856
health
-
-
-
413
national
-
-
-
3 392
total
-
-
-
10 661
Employee
22 606
-
32 388
-
health
169
-
320
-
municipal
3 703
-
5 291
-
pensions
1 526
-
2 186
-
unemployment
339
-
486
-
national
373
-
1 788
-
total
6 110
-
10 071
-
Employer
22 606
-
32 388
-
accident
23
-
33
-
unemployment
147
-
210
-
pensions
3 922
-
5 620
-
health
174
-
250
-
total
4 266
-
6 113
-
Corporate
11 629
38 500
-
-
income
2 325
7 700
-
-
total
2 325
7 700
-
-
Dividends

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

6 977
23 100
-
-
national
-
702
-
-
municipal
1 256
4 158
-
-
total
1 256
4 860
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 957
12 560
16 184
10 661
After tax
24 543
25 940
22 316
27 839
Living cost
16 496
16 496
16 496
16 496
Free-cash
8 047
9 444
5 820
11 343

Estimated living cost  is ₴16496 per week

₴10775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18259
₴15921
₴17973
₴17934
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
3 591
health
-
-
-
982
social contributions
-
-
-
6 006
total
-
-
-
10 579
Employee
33 040
33 040
34 952
-
social contributions
1 249
2 742
2 901
-
health
256
562
594
-
income
3 597
3 059
3 575
-
total
5 102
6 363
7 070
-
Employer
33 040
33 040
34 952
-
social contributions
1 249
2 742
2 901
-
health
278
612
647
-
total
1 527
3 354
3 548
-
Corporate
21 922
2 106
-
-
income
2 741
263
-
-
total
2 741
263
-
-
Dividends
19 181
1 843
-
-
withholding
3 261
313
-
-
total
3 261
313
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 631
10 293
10 618
10 579
After tax
25 869
28 207
27 882
27 921
Living cost
9 948
9 948
9 948
9 948
Free-cash
15 921
18 259
17 934
17 973

Estimated living cost  is ₴9948 per week

₴5962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25060
₴22875
₴23768
₴16941
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
38 500
income
-
-
-
3 610
pensions
-
-
-
2 733
unemployment
-
-
-
12
health
-
-
-
1 555
total
-
-
-
7 910
Employee

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

9 862
-
34 905
-
health
838
-
2 967
-
income
674
-
2 766
-
pensions
1 479
-
5 236
-
unemployment
49
-
174
-
total
3 040
-
11 143
-
Employer

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

9 862
-
34 905
-
unemployment
49
-
174
-
pensions
542
-
1 919
-
health
424
-
1 501
-
total
1 015
-
3 594
-
Corporate
27 622
38 500
-
-
income
2 486
3 465
-
-
total
2 486
3 465
-
-
Dividends
25 136
35 035
-
-
withholding
2 262
3 153
-
-
total
2 262
3 153
-
-
Income
38 500
38 500
38 500
38 500
Total tax
8 803
6 618
14 737
7 910
After tax
29 697
31 882
23 763
30 590
Living cost
6 822
6 822
6 822
6 822
Free-cash
22 875
25 060
16 941
23 768

Estimated living cost  is ₴6822 per week

₴4353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14135
₴11882
₴8544
₴8818
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
accident
-
-
-
347
income
-
-
-
6 590
pensions
-
-
-
10 895
other
-
-
-
38
unemployment
-
-
-
270
total
-
-
-
18 140
Employee
15 888
-
29 193
-
other
15
-
29
-
income
3 063
-
6 706
-
pensions
747
-
1 372
-
unemployment
246
-
453
-
total
4 071
-
8 560
-
Employer
15 888
-
29 193
-
accident
315
-
578
-
other
127
-
234
-
unemployment
874
-
1 605
-
pensions
3 749
-
6 889
-
total
5 065
-
9 306
-
Corporate
17 547
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.

2 632
5 775
-
-
total
2 632
5 775
-
-
Dividends
14 915
32 725
-
-
withholding
3 034
6 774
-
-
total
3 034
6 774
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 802
12 549
17 866
18 140
After tax
23 698
25 951
20 634
20 360
Living cost
11 816
11 816
11 816
11 816
Free-cash
11 882
14 135
8 818
8 544

Estimated living cost  is ₴11816 per week

₴7975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22847
₴22653
₴23157
₴23073
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
12 686
pensions
-
-
-
858
health
-
-
-
622
total
-
-
-
14 166
Employee
1 792
-
37 535
-
health
90
-
215
-
income
347
-
12 640
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
616
-
13 284
-
Employer
1 792
-
37 535
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
408
-
total
403
-
966
-
Corporate
36 305
38 500
-
-
income
7 987
8 470
-
-
total
7 987
8 470
-
-
Dividends
28 318
30 030
-
-
withholding
5 664
6 006
-
-
total
5 664
6 006
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 670
14 476
14 250
14 166
After tax
23 830
24 024
24 250
24 334
Living cost
1 177
1 177
1 177
1 177
Free-cash
22 653
22 847
23 073
23 157

Estimated living cost  is ₴1177 per week

₴699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴20386
₴18272
₴12399
₴12399
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
38 500
income
-
-
-
6 670
pensions
-
-
-
8 255
unemployment
-
-
-
476
health
-
-
-
3 270
total
-
-
-
18 671
Employee

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

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

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

11 204
-
32 816
-
health
577
-
1 635
-
income
1 544
-
6 670
-
pensions
1 569
-
4 445
-
unemployment
84
-
238
-
total
3 774
-
12 988
-
Employer

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

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

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

11 204
-
32 816
-
unemployment
84
-
238
-
pensions
1 344
-
3 810
-
health
577
-
1 635
-
total
2 005
-
5 683
-
Corporate
25 290
38 500
-
-
income
3 794
5 775
-
-
total
3 794
5 775
-
-
Dividends
21 497
32 725
-
-
withholding
3 225
4 909
-
-
total
3 225
4 909
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 798
10 684
18 671
18 671
After tax
25 702
27 816
19 829
19 829
Living cost
7 430
7 430
7 430
7 430
Free-cash
18 272
20 386
12 399
12 399

Estimated living cost  is ₴7430 per week

₴5003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
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.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10315
₴10160
₴10092
₴8313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
38 500
income
-
-
-
3 445
surtax
-
-
-
-
social contributions

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

-
-
-
13 379
total
-
-
-
16 824
Employee
16 677
-
31 111
-
social contributions
1 835
-
3 422
-
surtax
-
-
-
-
income
3 258
-
7 792
-
total
5 093
-
11 214
-
Employer
16 677
-
31 111
-
social contributions
3 960
-
7 389
-
total
3 960
-
7 389
-
Corporate
17 863
38 500
-
-
surtax
-
-
-
-
income
3 752
8 085
-
-
total
3 752
8 085
-
-
Dividends
14 112
30 415
-
-
withholding
3 951
8 516
-
-
total
3 951
8 516
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 756
16 601
18 603
16 824
After tax
21 744
21 899
19 897
21 676
Living cost
11 584
11 584
11 584
11 584
Free-cash
10 160
10 315
8 313
10 092

Estimated living cost  is ₴11584 per week

₴8204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10850
₴7574
₴5259
₴5533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
accident
-
-
-
347
income
-
-
-
6 590
pensions
-
-
-
10 895
other
-
-
-
38
unemployment
-
-
-
270
total
-
-
-
18 140
Employee
20 751
-
29 193
-
other
20
-
29
-
income
4 334
-
6 706
-
pensions
975
-
1 372
-
unemployment
321
-
453
-
total
5 650
-
8 560
-
Employer
20 751
-
29 193
-
accident
411
-
578
-
other
166
-
234
-
unemployment
1 142
-
1 605
-
pensions
4 897
-
6 889
-
total
6 616
-
9 306
-
Corporate
11 133
38 500
-
-
income

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

1 670
5 775
-
-
total
1 670
5 775
-
-
Dividends
9 463
32 725
-
-
withholding
1 889
6 774
-
-
total
1 889
6 774
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 825
12 549
17 866
18 140
After tax
22 675
25 951
20 634
20 360
Living cost
15 101
15 101
15 101
15 101
Free-cash
7 574
10 850
5 533
5 259

Estimated living cost  is ₴15101 per week

₴10845
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴25528
₴22909
₴21328
₴22437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
5 775
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
9 782
Employee
9 786
-
35 556
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
979
-
3 556
-
pensions

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

859
-
1 318
-
total
2 396
-
5 729
-
Employer
9 786
-
35 556
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 654
-
health
675
-
1 035
-
total
1 920
-
2 944
-
Corporate
26 794
38 500
-
-
income
2 679
3 850
-
-
total
2 679
3 850
-
-
Dividends
24 115
34 650
-
-
withholding
1 206
1 732
-
-
total
1 206
1 732
-
-
Income
38 500
38 500
38 500
38 500
Total tax
8 201
5 582
8 673
9 782
After tax
30 299
32 918
29 827
28 718
Living cost
7 390
7 390
7 390
7 390
Free-cash
22 909
25 528
22 437
21 328

Estimated living cost  is ₴7390 per week

₴4888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3287
₴8908
₴8659
₴11317
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
38 500
trade
-
-
-
2 658
income

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

-
-
-
7 259
health

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

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

-
-
-
2 935
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.

-
-
-
400
total
-
-
-
13 252
Employee

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

21 379
-
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.

2 935
-
2 935
-
surtax

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

97
-
400
-
income

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

1 758
-
7 259
-
total
4 790
-
10 594
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
17 121
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.

141
318
-
-
income
2 568
5 775
-
-
trade
2 457
5 525
-
-
chamber of commerce
91
121
-
-
total
5 257
11 739
-
-
Dividends
11 864
26 760
-
-
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.

154
359
-
-
withholding
2 802
6 526
-
-
total
2 956
6 885
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 003
18 624
10 594
13 252
After tax
25 497
19 876
27 906
25 248
Living cost
16 589
16 589
16 589
16 589
Free-cash
8 908
3 287
11 317
8 659

Estimated living cost  is ₴16589 per week

₴11443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2474
₴3423
₴2396
₴2396
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 298
social contributions
-
-
-
3 330
total
-
-
-
11 628
Employee
33 610
-
38 500
-
income
6 342
-
8 298
-
social contributions
2 792
-
3 330
-
total
9 134
-
11 628
-
Employer
33 610
-
38 500
-
total
-
-
-
-
Corporate
4 890
38 500
-
-
income
612
4 812
-
-
total
612
4 812
-
-
Dividends
4 278
33 688
-
-
withholding
855
6 738
-
-
total
855
6 738
-
-
Income
38 500
38 500
38 500
38 500
Total tax
10 601
11 550
11 628
11 628
After tax
27 899
26 950
26 872
26 872
Living cost
24 476
24 476
24 476
24 476
Free-cash
3 423
2 474
2 396
2 396

Estimated living cost  is ₴24476 per week

₴18621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7158
₴9289
₴7793
₴12610
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 231
health

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

-
-
-
2 879
total
-
-
-
15 110
Employee
19 711
-
36 524
-
income
2 139
-
6 341
-
social contributions
1 975
-
1 976
-
total
4 114
-
8 317
-
Employer
19 711
-
36 524
-
social contributions
1 975
-
1 976
-
total
1 975
-
1 976
-
Corporate
16 814
38 500
-
-
income
5 885
13 475
-
-
total
5 885
13 475
-
-
Dividends
10 930
25 025
-
-
social contributions
1 640
2 270
-
-
total
1 640
2 270
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 614
15 745
10 293
15 110
After tax
24 886
22 755
28 207
23 390
Living cost
15 597
15 597
15 597
15 597
Free-cash
9 289
7 158
12 610
7 793

Estimated living cost  is ₴15597 per week

₴10274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1230
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴12906
₴10484
₴12599
₴8316
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 213
pensions
-
-
-
2 748
total
-
-
-
9 961
Employee
21 880
-
33 975
-
health
285
-
533
-
income
3 984
-
6 064
-
pensions
1 670
-
3 122
-
total
5 939
-
9 719
-
Employer
21 880
-
33 975
-
pensions
2 211
-
3 880
-
health
416
-
645
-
total
2 627
-
4 525
-
Corporate
13 994
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.

2 659
7 315
-
-
total
2 659
7 315
-
-
Dividends
11 335
31 185
-
-
withholding
851
2 339
-
-
total
851
2 339
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 076
9 654
14 244
9 961
After tax
26 424
28 846
24 256
28 539
Living cost
15 940
15 940
15 940
15 940
Free-cash
10 484
12 906
8 316
12 599

Estimated living cost  is ₴15940 per week

₴10935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3339
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7092
₴1555
₴16242
₴9403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
accident
-
-
-
108
income
-
-
-
9 063
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
12 048
Employee
16 061
-
32 441
-
health
1 839
-
3 714
-
income
2 203
-
5 844
-
pensions
1 808
-
3 270
-
total
5 850
-
12 828
-
Employer
16 061
-
32 441
-
accident
268
-
542
-
unemployment
393
-
795
-
pensions
2 611
-
4 722
-
total
3 272
-
6 059
-
Corporate
19 166
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.

17 249
34 650
-
-
total
17 249
34 650
-
-
Dividends
1 917
3 850
-
-
withholding
364
732
-
-
total
364
732
-
-
Income
38 500
38 500
38 500
38 500
Total tax
26 735
35 382
18 887
12 048
After tax
11 765
3 118
19 613
26 452
Living cost
10 210
10 210
10 210
10 210
Free-cash
1 555
-7 092
9 403
16 242

Estimated living cost  is ₴10210 per week

₴7493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26922
₴24835
₴16325
₴17465
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
192
health insurance
-
-
-
2 849
income
-
-
-
5 785
pensions
-
-
-
7 084
unemployment
-
-
-
462
total
-
-
-
16 372
Employee

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

9 285
-
38 500
-
work injury
46
-
172
-
income
928
-
5 785
-
pensions
1 708
-
6 321
-
health insurance
687
-
2 542
-
unemployment
111
-
412
-
total
3 480
-
15 232
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 215
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
29 215
38 500
-
-
withholding
4 382
5 775
-
-
total
4 382
5 775
-
-
Income
38 500
38 500
38 500
38 500
Total tax
7 862
5 775
15 232
16 372
After tax
30 638
32 725
23 268
22 128
Living cost
5 803
5 803
5 803
5 803
Free-cash
24 835
26 922
17 465
16 325

Estimated living cost  is ₴5803 per week

₴3595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3162
₴1207
₴2628
₴868
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
municipal
-
-
-
258
regional
-
-
-
728
national
-
-
-
7 867
social contributions
-
-
-
9 902
total
-
-
-
18 755
Employee
36 207
-
38 500
-
social contributions
12 209
-
12 983
-
regional
547
-
606
-
municipal
216
-
230
-
national
6 119
-
6 696
-
total
19 091
-
20 515
-
Employer
36 207
-
38 500
-
total
-
-
-
-
Corporate
2 293
38 500
-
-
nationa
550
9 240
-
-
municipal
111
1 856
-
-
total
661
11 096
-
-
Dividends
1 632
27 404
-
-
withholding
424
7 125
-
-
total
424
7 125
-
-
Income
38 500
38 500
38 500
38 500
Total tax
20 176
18 221
20 515
18 755
After tax
18 324
20 279
17 985
19 745
Living cost
17 117
17 117
17 117
17 117
Free-cash
1 207
3 162
868
2 628

Estimated living cost  is ₴17117 per week

₴12024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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