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
₴4339
₴13357
₴10958
₴9874
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
38 500
income

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

-
-
-
6 219
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.

-
-
-
342
health

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

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

-
-
-
3 420
trade
-
-
-
2 399
total
-
-
-
12 380
Employee

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

19 145
-
38 500
-
surtax

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

29
-
342
-
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.

535
-
6 219
-
health

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

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

3 420
-
3 420
-
total
3 984
-
9 981
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
19 355
38 500
-
-
income
2 903
5 775
-
-
surtax

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

160
317
-
-
chamber of commerce
104
131
-
-
trade
3 048
6 064
-
-
total
6 215
12 287
-
-
Dividends
13 140
26 212
-
-
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.

170
350
-
-
withholding
3 095
6 362
-
-
total
3 265
6 712
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 464
18 999
9 981
12 380
After tax
25 036
19 501
28 519
26 120
Living cost
15 162
15 162
15 162
15 162
Free-cash
9 874
4 339
13 357
10 958

Estimated living cost  is ₴15162 per week

₴9537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2607
-₴2641
-₴2943
-₴6530
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
social contributions
-
-
-
414
municipal
-
-
-
3 835
national
-
-
-
5 943
pensions
-
-
-
4 620
total
-
-
-
14 812
Employee
41 284
-
33 283
-
municipal
5 099
-
3 984
-
pensions
1 651
-
1 331
-
national
7 902
-
6 174
-
total
14 652
-
11 489
-
Employer
41 284
-
33 283
-
pensions
3 303
-
2 663
-
social contributions
444
-
358
-
total
3 747
-
3 021
-
Corporate
-
38 500
-
-
income

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

-
7 700
-
-
total
-
7 700
-
-
Dividends
-
30 800
-
-
withholding
-
6 776
-
-
total
-
6 776
-
-
Income
38 500
38 500
38 500
38 500
Total tax
18 399
14 476
14 510
14 812
After tax
20 101
24 024
23 990
23 688
Living cost
26 631
26 631
26 631
26 631
Free-cash
-6 530
-2 607
-2 641
-2 943

Estimated living cost  is ₴26631 per week

₴18101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴399
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20386
₴11418
₴10271
₴16280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
38 500
income
-
-
-
5 438
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.

-
-
-
12 377
microenterprise
-
-
-
-
total
-
-
-
17 815
Employee
14 627
-
31 026
-
surtax
-
-
-
-
social contributions

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

1 609
-
3 413
-
income
2 604
-
5 781
-
total
4 213
-
9 194
-
Employer
14 627
-
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.

3 523
-
7 474
-
surtax
-
-
-
-
total
3 523
-
7 474
-
Corporate
20 350
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%.

4 070
7 700
-
-
total
4 070
7 700
-
-
Dividends

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

16 280
30 800
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
11 806
7 700
16 668
17 815
After tax
26 694
30 800
21 832
20 685
Living cost
10 414
10 414
10 414
10 414
Free-cash
16 280
20 386
11 418
10 271

Estimated living cost  is ₴10414 per week

₴6644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴992
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.
₴2542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8397
-₴11206
₴949
-₴11206
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 379
health
-
-
-
5 338
pensions
-
-
-
5 865
total
-
-
-
16 582
Employee
42 746
42 746
42 746
-
pensions
7 694
5 865
7 694
-
income

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

6 997
6 997
6 997
-
health
6 561
5 581
6 561
-
total
21 252
18 443
21 252
-
Employer
42 746
42 746
42 746
-
health
2 971
2 971
2 971
-
pensions
2 975
2 975
2 975
-
unemployment
1 539
1 539
1 539
-
total
7 485
7 485
7 485
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
28 737
25 928
28 737
16 582
After tax
9 763
12 572
9 763
21 918
Living cost
20 969
20 969
20 969
20 969
Free-cash
-11 206
-8 397
-11 206
949

Estimated living cost  is ₴20969 per week

₴14860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴888
₴426
-₴941
₴436
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
accident
-
-
-
77
other
-
-
-
4 474
unemployment
-
-
-
38
health
-
-
-
2 402
municipal
-
-
-
8 155
national
-
-
-
-
pensions
-
-
-
4 162
total
-
-
-
19 308
Employee
28 688
-
29 295
-
municipal
8 555
-
8 736
-
national
-
-
-
-
total
8 555
-
8 736
-
Employer
28 688
-
29 295
-
health
1 764
-
1 802
-
pensions
3 101
-
3 167
-
accident
57
-
59
-
unemployment
757
-
773
-
other
3 334
-
3 404
-
total
9 013
-
9 205
-
Corporate
798
38 500
-
-
income
176
8 470
-
-
total
176
8 470
-
-
Dividends
623
30 030
-
-
withholding
187
9 009
-
-
total
187
9 009
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 931
17 479
17 941
19 308
After tax
20 569
21 021
20 559
19 192
Living cost
20 133
20 133
20 133
20 133
Free-cash
436
888
426
-941

Estimated living cost  is ₴20133 per week

₴13343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4508
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴363
₴8855
₴6350
₴6671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
38 500
income

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

-
-
-
6 219
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.

-
-
-
342
health

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

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

-
-
-
3 420
trade
-
-
-
2 505
total
-
-
-
12 486
Employee

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

25 384
-
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.

120
-
342
-
income

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

2 181
-
6 219
-
health

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

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

3 420
-
3 420
-
total
5 721
-
9 981
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 116
38 500
-
-
income
1 967
5 775
-
-
surtax

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

108
317
-
-
chamber of commerce
95
131
-
-
trade
2 157
6 333
-
-
total
4 327
12 556
-
-
Dividends
8 788
25 943
-
-
surtax

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

110
347
-
-
withholding
2 007
6 296
-
-
total
2 117
6 643
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 165
19 199
9 981
12 486
After tax
26 335
19 301
28 519
26 014
Living cost
19 664
19 664
19 664
19 664
Free-cash
6 671
-363
8 855
6 350

Estimated living cost  is ₴19664 per week

₴13151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10945
₴11551
₴12433
₴9936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
2 843
social contributions
-
-
-
6 006
health
-
-
-
982
total
-
-
-
9 831
Employee
38 491
38 491
38 491
-
social contributions
1 870
3 195
2 901
-
income
4 042
3 563
3 669
-
health
383
654
595
-
total
6 295
7 412
7 165
-
Employer
38 491
38 491
38 491
-
health
417
712
647
-
social contributions
1 870
3 195
2 901
-
total
2 287
3 907
3 548
-
Corporate
13 682
-
-
-
income
1 710
-
-
-
total
1 710
-
-
-
Dividends
11 972
-
-
-
withholding
2 036
-
-
-
total
2 036
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 328
11 319
10 713
9 831
After tax
26 172
27 181
27 787
28 669
Living cost
16 236
16 236
16 236
16 236
Free-cash
9 936
10 945
11 551
12 433

Estimated living cost  is ₴16236 per week

₴11099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
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.
₴3596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12759
₴13349
₴17700
₴12947
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
4 707
unemployment
-
-
-
578
health
-
-
-
2 695
pensions
-
-
-
3 850
total
-
-
-
11 830
Employee

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

The minimum wage is 138,000 HUF per month.

12 948
5 153
32 218
-
unemployment
194
77
483
-
pensions
1 295
515
3 222
-
income
1 583
630
3 939
-
health
906
361
2 255
-
total
3 978
1 583
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.

12 948
5 153
32 218
-
pensions
2 525
1 005
6 282
-
total
2 525
1 005
6 282
-
Corporate
23 027
32 342
-
-
income
2 072
2 911
-
-
total
2 072
2 911
-
-
Dividends
20 955
29 431
-
-
social contributions
4 027
5 680
-
-
withholding
3 981
5 592
-
-
total
8 008
11 272
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 583
16 771
16 181
11 830
After tax
21 917
21 729
22 319
26 670
Living cost
8 970
8 970
8 970
8 970
Free-cash
12 947
12 759
13 349
17 700

Estimated living cost  is ₴8970 per week

₴6121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18710
₴10100
₴8546
₴15600
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
5 159
health
-
-
-
5 005
pensions
-
-
-
7 700
total
-
-
-
17 864
Employee
14 200
-
28 774
-
unemployment
227
-
461
-
pensions
284
-
576
-
income
1 599
-
5 547
-
total
2 110
-
6 584
-
Employer
14 200
-
28 774
-
health
1 846
-
3 741
-
pensions
2 840
-
5 755
-
unemployment
114
-
230
-
total
4 800
-
9 726
-
Corporate
19 500
38 500
-
-
income
3 900
7 700
-
-
total
3 900
7 700
-
-
Dividends
15 600
30 800
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
10 810
7 700
16 310
17 864
After tax
27 690
30 800
22 190
20 636
Living cost
12 090
12 090
12 090
12 090
Free-cash
15 600
18 710
10 100
8 546

Estimated living cost  is ₴12090 per week

₴8293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
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.
₴2835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8040
₴8375
₴15343
₴1408
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
8 465
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
11 998
Employee
17 554
-
31 982
-
pensions
1 977
-
3 601
-
income
2 408
-
5 186
-
health
2 010
-
3 662
-
total
6 395
-
12 449
-
Employer
17 554
-
31 982
-
pensions
2 854
-
5 200
-
accident
293
-
534
-
unemployment
430
-
783
-
total
3 577
-
6 517
-
Corporate
17 368
38 500
-
-
income

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

15 631
34 650
-
-
total
15 631
34 650
-
-
Dividends
1 737
3 850
-
-
withholding
330
731
-
-
total
330
731
-
-
Income
38 500
38 500
38 500
38 500
Total tax
25 933
35 381
18 966
11 998
After tax
12 567
3 119
19 534
26 502
Living cost
11 159
11 159
11 159
11 159
Free-cash
1 408
-8 040
8 375
15 343

Estimated living cost  is ₴11159 per week

₴8179
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.
₴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.
₴2130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32549
₴26774
₴34089
₴31794
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
38 500
microenterprise

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

-
-
-
385
total
-
-
-
385
Employee
5 032
-
38 500
-
income
1 006
-
7 700
-
total
1 006
-
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%.

33 468
38 500
-
-
total
-
-
-
-
Dividends
33 468
38 500
-
-
withholding
1 674
1 925
-
-
total
1 674
1 925
-
-
Income
38 500
38 500
38 500
38 500
Total tax
2 680
1 925
7 700
385
After tax
35 820
36 575
30 800
38 115
Living cost
4 026
4 026
4 026
4 026
Free-cash
31 794
32 549
26 774
34 089

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14948
₴9229
₴7509
₴11567
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
9 240
total
-
-
-
17 653
Employee
18 175
-
30 751
-
unemployment
181
-
308
-
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.

1 272
-
2 152
-
income
3 129
-
5 294
-
health
255
-
430
-
total
4 837
-
8 184
-
Employer
18 175
-
30 751
-
health
255
-
430
-
pensions

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

3 090
-
5 227
-
accident
145
-
246
-
unemployment
181
-
308
-
other
909
-
1 538
-
total
4 580
-
7 749
-
Corporate
15 745
38 500
-
-
income
3 307
8 085
-
-
total
3 307
8 085
-
-
Dividends
12 438
30 415
-
-
withholding
871
2 129
-
-
total
871
2 129
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 595
10 214
15 933
17 653
After tax
24 905
28 286
22 567
20 847
Living cost
13 338
13 338
13 338
13 338
Free-cash
11 567
14 948
9 229
7 509

Estimated living cost  is ₴13338 per week

₴9424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
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.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4740
-₴9096
-₴4888
-₴15532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 175
pensions
-
-
-
2 627
total
-
-
-
9 802
Employee
47 520
-
34 094
-
pensions
4 584
-
2 973
-
income
8 566
-
6 123
-
health
783
-
508
-
total
13 933
-
9 604
-
Employer
47 520
-
34 094
-
health
902
-
648
-
pensions
5 611
-
3 758
-
total
6 513
-
4 406
-
Corporate
-
38 500
-
-
income

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

-
7 315
-
-
total
-
7 315
-
-
Dividends
-
31 185
-
-
withholding
-
2 339
-
-
total
-
2 339
-
-
Income
38 500
38 500
38 500
38 500
Total tax
20 446
9 654
14 010
9 802
After tax
18 054
28 846
24 490
28 698
Living cost
33 586
33 586
33 586
33 586
Free-cash
-15 532
-4 740
-9 096
-4 888

Estimated living cost  is ₴33586 per week

₴25167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3946
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.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴26355
₴22469
₴21493
₴24028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
5 775
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
10 444
Employee
8 690
-
35 070
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
pensions

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

763
-
1 535
-
income
869
-
3 507
-
health
400
-
804
-
total
2 128
-
6 038
-
Employer
8 690
-
35 070
-
health
600
-
1 206
-
pensions

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

958
-
1 927
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
unemployment
52
-
105
-
total
1 706
-
3 430
-
Corporate
28 104
38 500
-
-
income
2 810
3 850
-
-
total
2 810
3 850
-
-
Dividends
25 294
34 650
-
-
withholding
1 265
1 732
-
-
total
1 265
1 732
-
-
Income
38 500
38 500
38 500
38 500
Total tax
7 909
5 582
9 468
10 444
After tax
30 591
32 918
29 032
28 056
Living cost
6 563
6 563
6 563
6 563
Free-cash
24 028
26 355
22 469
21 493

Estimated living cost  is ₴6563 per week

₴3832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴469
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.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴15185
-₴17994
-₴5839
-₴16035
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 379
health
-
-
-
5 338
pensions
-
-
-
5 865
total
-
-
-
16 582
Employee
46 408
42 746
42 746
-
pensions
5 865
5 865
7 694
-
income

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

6 997
6 997
6 997
-
health
5 790
5 581
6 561
-
total
18 652
18 443
21 252
-
Employer
46 408
42 746
42 746
-
health
3 225
2 971
2 971
-
pensions
3 230
2 975
2 975
-
unemployment
1 671
1 539
1 539
-
total
8 126
7 485
7 485
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
26 778
25 928
28 737
16 582
After tax
11 722
12 572
9 763
21 918
Living cost
27 757
27 757
27 757
27 757
Free-cash
-16 035
-15 185
-17 994
-5 839

Estimated living cost  is ₴27757 per week

₴20475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2479
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.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14250
₴7279
₴6495
₴9878
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
3 309
social contributions
-
-
-
11 242
solidarity contribution
-
-
-
-
health
-
-
-
5 197
total
-
-
-
19 748
Employee
18 025
-
28 731
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
1 868
-
income
2 163
-
3 448
-
health
2 433
-
3 879
-
total
5 768
-
9 195
-
Employer
18 025
-
28 731
-
health
1 622
-
2 586
-
social contributions
4 506
-
7 183
-
total
6 128
-
9 769
-
Corporate
14 346
38 500
-
-
income
2 726
7 315
-
-
total
2 726
7 315
-
-
Dividends
11 620
31 185
-
-
withholding
1 743
4 678
-
-
total
1 743
4 678
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 365
11 993
18 964
19 748
After tax
22 135
26 507
19 536
18 752
Living cost
12 257
12 257
12 257
12 257
Free-cash
9 878
14 250
7 279
6 495

Estimated living cost  is ₴12257 per week

₴8514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
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.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴581
-₴2481
-₴529
-₴5988
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
social contributions
-
-
-
9 902
regional
-
-
-
405
municipal
-
-
-
229
national
-
-
-
7 371
total
-
-
-
17 907
Employee
44 487
-
38 500
-
municipal
236
-
204
-
national
7 709
-
6 320
-
regional
420
-
353
-
social contributions
15 001
-
12 982
-
total
23 366
-
19 859
-
Employer
44 487
-
38 500
-
total
-
-
-
-
Corporate
-
38 500
-
-
municipal
-
1 502
-
-
nationa
-
9 240
-
-
total
-
10 742
-
-
Dividends
-
27 758
-
-
withholding
-
7 217
-
-
total
-
7 217
-
-
Income
38 500
38 500
38 500
38 500
Total tax
23 366
17 959
19 859
17 907
After tax
15 134
20 541
18 641
20 593
Living cost
21 122
21 122
21 122
21 122
Free-cash
-5 988
-581
-2 481
-529

Estimated living cost  is ₴21122 per week

₴14724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
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.
₴4689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13170
₴9043
₴9895
₴11613
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 397
other
-
-
-
-
surtax
-
-
-
615
unemployment
-
-
-
114
health
-
-
-
2 733
pensions
-
-
-
7 700
total
-
-
-
17 559
Employee
16 553
-
31 805
-
other
-
-
-
-
unemployment
1 152
-
2 213
-
pensions
1 104
-
2 121
-
surtax
54
-
550
-
income
2 775
-
6 021
-
health
423
-
811
-
total
5 508
-
11 716
-
Employer
16 553
-
31 805
-
health
753
-
1 448
-
pensions
2 207
-
4 239
-
unemployment
524
-
1 008
-
other
-
-
-
-
total
3 484
-
6 695
-
Corporate
18 462
38 500
-
-
income
4 800
10 010
-
-
total
4 800
10 010
-
-
Dividends
13 663
28 490
-
-
withholding
2 049
4 274
-
-
total
2 049
4 274
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 841
14 284
18 411
17 559
After tax
22 659
24 216
20 089
20 941
Living cost
11 046
11 046
11 046
11 046
Free-cash
11 613
13 170
9 043
9 895

Estimated living cost  is ₴11046 per week

₴6754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5901
₴1545
₴5753
₴1950
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 175
pensions
-
-
-
2 627
total
-
-
-
9 802
Employee
31 846
-
34 094
-
pensions
2 703
-
2 973
-
income
5 736
-
6 123
-
health
462
-
508
-
total
8 901
-
9 604
-
Employer
31 846
-
34 094
-
health
605
-
648
-
pensions
3 447
-
3 758
-
total
4 052
-
4 406
-
Corporate
2 601
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.

494
7 315
-
-
total
494
7 315
-
-
Dividends
2 107
31 185
-
-
withholding
158
2 339
-
-
total
158
2 339
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 605
9 654
14 010
9 802
After tax
24 895
28 846
24 490
28 698
Living cost
22 945
22 945
22 945
22 945
Free-cash
1 950
5 901
1 545
5 753

Estimated living cost  is ₴22945 per week

₴17190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴21997
-₴9130
-₴7150
-₴12261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
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
-
-
-
1 051
health
-
-
-
129
city
-
-
-
405
national
-
-
-
151
pensions
-
-
-
3 542
total
-
-
-
6 048
Employee
46 345
-
34 459
-
unemployment
-
-
-
-
pensions
3 894
-
2 895
-
national
219
-
126
-
regional
1 518
-
898
-
city
497
-
370
-
health
105
-
77
-
total
6 233
-
4 366
-
Employer
46 345
-
34 459
-
health
105
-
77
-
pensions
3 894
-
2 895
-
unemployment
-
-
-
-
other

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

927
-
690
-
total
4 926
-
3 662
-
Corporate
-
38 500
-
-
regional
-
8 143
-
-
national
-
3 272
-
-
total
-
11 415
-
-
Dividends
-
27 085
-
-
withholding
-
9 480
-
-
total
-
9 480
-
-
Income
38 500
38 500
38 500
38 500
Total tax
11 159
20 895
8 028
6 048
After tax
27 341
17 605
30 472
32 452
Living cost
39 602
39 602
39 602
39 602
Free-cash
-12 261
-21 997
-9 130
-7 150

Estimated living cost  is ₴39602 per week

₴25753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3828
₴5588
₴2977
₴4290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
38 500
income

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

-
-
-
6 219
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.

-
-
-
342
health

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

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

-
-
-
3 420
trade
-
-
-
2 611
total
-
-
-
12 592
Employee

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

30 083
-
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.

195
-
342
-
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.

3 537
-
6 219
-
health

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

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

3 420
-
3 420
-
total
7 152
-
9 981
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
8 417
38 500
-
-
income
1 262
5 775
-
-
surtax

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

69
317
-
-
chamber of commerce
87
130
-
-
trade
1 444
6 603
-
-
total
2 862
12 825
-
-
Dividends
5 554
25 674
-
-
surtax

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

66
343
-
-
withholding
1 199
6 229
-
-
total
1 265
6 572
-
-
Income
38 500
38 500
38 500
38 500
Total tax
11 279
19 397
9 981
12 592
After tax
27 221
19 103
28 519
25 908
Living cost
22 931
22 931
22 931
22 931
Free-cash
4 290
-3 828
5 588
2 977

Estimated living cost  is ₴22931 per week

₴16748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2277
₴5834
₴5051
₴5235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
2 100
other
-
-
-
1 193
surtax
-
-
-
-
social contributions
-
-
-
1 097
health
-
-
-
333
pensions
-
-
-
11 600
total
-
-
-
16 323
Employee
21 423
-
29 337
-
pensions
2 422
-
3 319
-
surtax
-
-
-
-
social contributions
611
-
836
-
income
1 264
-
2 221
-
total
4 297
-
6 376
-
Employer
21 423
-
29 337
-
health
1 500
-
2 054
-
pensions
3 519
-
4 821
-
unemployment
867
-
1 188
-
social contributions
65
-
88
-
other
739
-
1 013
-
total
6 690
-
9 164
-
Corporate
10 387
38 500
-
-
income
2 909
10 780
-
-
surtax
-
-
-
-
total
2 909
10 780
-
-
Dividends
7 478
27 720
-
-
surtax
-
-
-
-
social contributions
1 285
4 769
-
-
withholding
958
3 548
-
-
total
2 243
8 317
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 139
19 097
15 540
16 323
After tax
22 361
19 403
22 960
22 177
Living cost
17 126
17 126
17 126
17 126
Free-cash
5 235
2 277
5 834
5 051

Estimated living cost  is ₴17126 per week

₴10799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1393
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3974
₴7531
₴6748
₴6757
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
2 100
other
-
-
-
1 193
surtax
-
-
-
-
social contributions
-
-
-
1 097
health
-
-
-
333
pensions
-
-
-
11 600
total
-
-
-
16 323
Employee
19 123
-
29 337
-
pensions
2 163
-
3 319
-
surtax
-
-
-
-
social contributions
545
-
836
-
income
986
-
2 221
-
total
3 694
-
6 376
-
Employer
19 123
-
29 337
-
health
1 338
-
2 054
-
pensions
3 142
-
4 821
-
unemployment
774
-
1 188
-
social contributions
57
-
88
-
other
660
-
1 013
-
total
5 971
-
9 164
-
Corporate
13 405
38 500
-
-
income
3 753
10 780
-
-
surtax
-
-
-
-
total
3 753
10 780
-
-
Dividends
9 652
27 720
-
-
surtax
-
-
-
-
social contributions
1 660
4 769
-
-
withholding
1 236
3 548
-
-
total
2 896
8 317
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 314
19 097
15 540
16 323
After tax
22 186
19 403
22 960
22 177
Living cost
15 429
15 429
15 429
15 429
Free-cash
6 757
3 974
7 531
6 748

Estimated living cost  is ₴15429 per week

₴8948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12875
₴14776
₴14111
₴13134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
5 775
social contributions
-
-
-
5 313
health
-
-
-
2 687
total
-
-
-
13 775
Employee
16 972
-
38 500
-
social contributions
2 342
-
5 313
-
income
2 831
-
5 110
-
health
1 185
-
2 687
-
total
6 358
-
13 110
-
Employer
16 972
-
38 500
-
total
-
-
-
-
Corporate
21 528
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%.

1 076
1 925
-
-
total
1 076
1 925
-
-
Dividends
20 452
36 575
-
-
social contributions
2 822
5 047
-
-
withholding
3 068
5 486
-
-
health
1 428
2 553
-
-
total
7 318
13 086
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 752
15 011
13 110
13 775
After tax
23 748
23 489
25 390
24 725
Living cost
10 614
10 614
10 614
10 614
Free-cash
13 134
12 875
14 776
14 111

Estimated living cost  is ₴10614 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴654
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4141
-₴4425
₴2916
₴3366
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 555
surtax
-
-
-
99
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
154
health
-
-
-
2 946
pensions
-
-
-
7 122
total
-
-
-
17 946
Employee
25 016
19 948
29 818
-
other
250
199
298
-
unemployment
750
598
895
-
pensions
2 562
2 042
3 053
-
income
2 848
1 471
4 224
-
health
968
772
1 154
-
total
7 378
5 082
9 624
-
Employer
25 016
19 948
29 818
-
chamber of commerce
100
80
120
-
health
945
754
1 128
-
pensions
3 139
2 504
3 742
-
accident
325
259
388
-
unemployment
750
598
895
-
surtax
99
99
99
-
payroll
750
598
895
-
other
1 188
947
1 416
-
total
7 296
5 839
8 683
-
Corporate
6 187
12 712
27 919
-
income

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

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

1 546
3 178
6 980
-
total
1 546
3 178
6 980
-
Dividends
4 641
9 533
-
-
withholding
1 276
2 622
-
-
total
1 276
2 622
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 496
16 721
25 287
17 946
After tax
21 004
21 779
13 213
20 554
Living cost
17 638
17 638
17 638
17 638
Free-cash
3 366
4 141
-4 425
2 916

Estimated living cost  is ₴17638 per week

₴11764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4080
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3383
-₴2549
₴976
-₴7728
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
communal

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

-
-
-
1 987
social contributions
-
-
-
5 382
national
-
-
-
11 904
total
-
-
-
19 273
Employee

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

35 805
-
29 820
-
unemployment

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

312
-
259
-
communal

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

1 868
-
1 555
-
pensions

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

2 685
-
2 236
-
national
11 008
-
8 666
-
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.

1 682
-
1 401
-
total
17 555
-
14 117
-
Employer

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

35 805
-
29 820
-
health

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

2 202
-
1 834
-
pensions

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

3 173
-
2 642
-
accident

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

465
-
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.

522
-
435
-
surtax
4 060
-
3 382
-
total
10 422
-
8 681
-
Corporate
-
38 500
-
-
income
-
7 700
-
-
surtax
-
154
-
-
total
-
7 854
-
-
Dividends
-
30 646
-
-
withholding

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

-
9 012
-
-
total
-
9 012
-
-
Income
38 500
38 500
38 500
38 500
Total tax
27 977
16 866
22 798
19 273
After tax
10 523
21 634
15 702
19 227
Living cost
18 251
18 251
18 251
18 251
Free-cash
-7 728
3 383
-2 549
976

Estimated living cost  is ₴18251 per week

₴11756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1596
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.
₴4614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7889
₴2804
₴2530
₴3883
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 342
other
-
-
-
39
unemployment
-
-
-
270
pensions
-
-
-
10 895
total
-
-
-
17 893
Employee
24 917
-
29 194
-
other
25
-
29
-
unemployment
387
-
452
-
pensions
1 171
-
1 372
-
income
5 257
-
6 460
-
total
6 840
-
8 313
-
Employer
24 917
-
29 194
-
pensions
5 880
-
6 890
-
accident
493
-
578
-
unemployment
1 371
-
1 605
-
other
199
-
233
-
total
7 943
-
9 306
-
Corporate
5 641
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.

846
5 775
-
-
total
846
5 775
-
-
Dividends
4 795
32 725
-
-
withholding
911
6 759
-
-
total
911
6 759
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 540
12 534
17 619
17 893
After tax
21 960
25 966
20 881
20 607
Living cost
18 077
18 077
18 077
18 077
Free-cash
3 883
7 889
2 804
2 530

Estimated living cost  is ₴18077 per week

₴13312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3343
-₴2063
-₴4053
-₴3935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
communal
-
-
-
2 434
accident
-
-
-
325
income
-
-
-
2 207
surtax
-
-
-
1 908
health
-
-
-
2 705
pensions
-
-
-
5 771
total
-
-
-
15 350
Employee
37 907
-
34 390
-
pensions
3 032
-
2 751
-
surtax
2 323
-
2 108
-
income
3 661
-
2 859
-
health
1 687
-
1 531
-
total
10 703
-
9 249
-
Employer
37 907
-
34 390
-
health
1 156
-
1 050
-
pensions
3 032
-
2 751
-
accident
341
-
310
-
total
4 529
-
4 111
-
Corporate
-
38 500
-
-
communal
-
2 599
-
-
income
-
5 775
-
-
surtax
-
405
-
-
total
-
8 779
-
-
Dividends
-
29 721
-
-
income
-
1 403
-
-
withholding
-
4 458
-
-
total
-
5 861
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 232
14 640
13 360
15 350
After tax
23 268
23 860
25 140
23 150
Living cost
27 203
27 203
27 203
27 203
Free-cash
-3 935
-3 343
-2 063
-4 053

Estimated living cost  is ₴27203 per week

₴20406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12973
₴8846
₴9698
₴11381
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 397
other
-
-
-
-
surtax
-
-
-
615
unemployment
-
-
-
114
health
-
-
-
2 733
pensions
-
-
-
7 700
total
-
-
-
17 559
Employee
16 857
-
31 805
-
other
-
-
-
-
unemployment
1 173
-
2 213
-
pensions
1 125
-
2 121
-
surtax
60
-
550
-
income
2 826
-
6 021
-
health
430
-
811
-
total
5 614
-
11 716
-
Employer
16 857
-
31 805
-
health
767
-
1 448
-
pensions
2 247
-
4 239
-
unemployment
535
-
1 008
-
other
-
-
-
-
total
3 549
-
6 695
-
Corporate
18 094
38 500
-
-
income
4 705
10 010
-
-
total
4 705
10 010
-
-
Dividends
13 389
28 490
-
-
withholding
2 008
4 274
-
-
total
2 008
4 274
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 876
14 284
18 411
17 559
After tax
22 624
24 216
20 089
20 941
Living cost
11 243
11 243
11 243
11 243
Free-cash
11 381
12 973
8 846
9 698

Estimated living cost  is ₴11243 per week

₴6788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6753
₴4992
₴6933
₴5641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
social contributions
-
-
-
9 902
regional
-
-
-
581
municipal
-
-
-
229
national
-
-
-
7 371
total
-
-
-
18 083
Employee
27 767
-
38 500
-
municipal
147
-
204
-
national
4 399
-
6 320
-
regional
374
-
518
-
social contributions
9 363
-
12 982
-
total
14 283
-
20 024
-
Employer
27 767
-
38 500
-
total
-
-
-
-
Corporate
10 733
38 500
-
-
municipal
534
1 913
-
-
nationa
2 576
9 240
-
-
total
3 110
11 153
-
-
Dividends
7 623
27 347
-
-
withholding
1 982
7 110
-
-
total
1 982
7 110
-
-
Income
38 500
38 500
38 500
38 500
Total tax
19 375
18 263
20 024
18 083
After tax
19 125
20 237
18 476
20 417
Living cost
13 484
13 484
13 484
13 484
Free-cash
5 641
6 753
4 992
6 933

Estimated living cost  is ₴13484 per week

₴8386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11403
₴4432
₴3648
₴6015
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
3 309
social contributions
-
-
-
11 242
solidarity contribution
-
-
-
-
health
-
-
-
5 197
total
-
-
-
19 748
Employee
22 212
-
28 731
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
1 868
-
income
2 665
-
3 448
-
health
2 999
-
3 879
-
total
7 108
-
9 195
-
Employer
22 212
-
28 731
-
health
1 999
-
2 586
-
social contributions
5 553
-
7 183
-
total
7 552
-
9 769
-
Corporate
8 736
38 500
-
-
income
1 660
7 315
-
-
total
1 660
7 315
-
-
Dividends
7 076
31 185
-
-
withholding
1 061
4 678
-
-
total
1 061
4 678
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 381
11 993
18 964
19 748
After tax
21 119
26 507
19 536
18 752
Living cost
15 104
15 104
15 104
15 104
Free-cash
6 015
11 403
4 432
3 648

Estimated living cost  is ₴15104 per week

₴11232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5863
-₴2735
₴4683
₴5615
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 555
surtax
-
-
-
-
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
154
health
-
-
-
2 946
pensions
-
-
-
7 122
total
-
-
-
17 847
Employee
21 881
19 948
29 896
-
other
218
199
299
-
unemployment
656
598
897
-
pensions
2 241
2 042
3 062
-
income
1 949
1 471
4 246
-
health
846
772
1 157
-
total
5 910
5 082
9 661
-
Employer
21 881
19 948
29 896
-
chamber of commerce
87
80
120
-
health
827
754
1 130
-
pensions
2 746
2 504
3 752
-
accident
284
259
389
-
unemployment
656
598
897
-
surtax
-
-
-
-
payroll
656
598
897
-
other
1 039
947
1 420
-
total
6 295
5 740
8 605
-
Corporate
10 322
12 811
27 996
-
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.

2 581
3 203
6 999
-
total
2 581
3 203
6 999
-
Dividends
7 741
9 608
-
-
withholding
2 129
2 642
-
-
total
2 129
2 642
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 915
16 667
25 265
17 847
After tax
21 585
21 833
13 235
20 653
Living cost
15 970
15 970
15 970
15 970
Free-cash
5 615
5 863
-2 735
4 683

Estimated living cost  is ₴15970 per week

₴9580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1631
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.
₴4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30302
₴24527
₴31842
₴29126
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 842
-
38 500
-
income
1 568
-
7 700
-
total
1 568
-
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%.

30 658
38 500
-
-
total
-
-
-
-
Dividends
30 658
38 500
-
-
withholding
1 533
1 925
-
-
total
1 533
1 925
-
-
Income
38 500
38 500
38 500
38 500
Total tax
3 101
1 925
7 700
385
After tax
35 399
36 575
30 800
38 115
Living cost
6 273
6 273
6 273
6 273
Free-cash
29 126
30 302
24 527
31 842

Estimated living cost  is ₴6273 per week

₴4245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
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.
₴1554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13082
₴5894
₴7000
₴8895
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 197
unemployment
-
-
-
58
health
-
-
-
3 788
pensions
-
-
-
7 031
total
-
-
-
18 074
Employee

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

22 135
-
33 313
-
unemployment
31
-
47
-
pensions
3 431
-
5 164
-
income
3 817
-
6 629
-
health
1 430
-
2 152
-
total
8 709
-
13 992
-
Employer

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

22 135
-
33 313
-
health
1 474
-
2 219
-
pensions
1 959
-
2 949
-
unemployment
13
-
20
-
total
3 446
-
5 188
-
Corporate
12 919
38 500
-
-
income
2 455
7 315
-
-
total
2 455
7 315
-
-
Dividends
10 464
31 185
-
-
withholding
1 569
4 677
-
-
total
1 569
4 677
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 179
11 992
19 180
18 074
After tax
22 321
26 508
19 320
20 426
Living cost
13 426
13 426
13 426
13 426
Free-cash
8 895
13 082
5 894
7 000

Estimated living cost  is ₴13426 per week

₴9214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2043
₴10602
₴5227
-₴35381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
7 504
social contributions
-
-
-
4 389
total
-
-
-
11 893
Employee
30 656
-
-
-
social contributions
2 514
-
358
-
income
6 762
-
-
-
total
9 276
-
358
-
Employer
30 656
-
-
-
social contributions
43 225
-
6 160
-
total
43 225
-
6 160
-
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
52 501
15 077
6 518
11 893
After tax
-14 001
23 423
31 982
26 607
Living cost
21 380
21 380
21 380
21 380
Free-cash
-35 381
2 043
10 602
5 227

Estimated living cost  is ₴21380 per week

₴13872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6198
₴4601
₴6135
₴5694
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 285
surtax
-
-
-
-
social contributions

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

-
-
-
13 379
total
-
-
-
16 664
Employee
23 022
-
31 111
-
surtax
-
-
-
-
social contributions
2 532
-
3 423
-
income
4 789
-
7 387
-
total
7 321
-
10 810
-
Employer
23 022
-
31 111
-
social contributions
5 468
-
7 388
-
total
5 468
-
7 388
-
Corporate
10 010
38 500
-
-
income
2 102
8 085
-
-
surtax
-
-
-
-
total
2 102
8 085
-
-
Dividends
7 908
30 415
-
-
withholding
2 214
8 516
-
-
total
2 214
8 516
-
-
Income
38 500
38 500
38 500
38 500
Total tax
17 105
16 601
18 198
16 664
After tax
21 395
21 899
20 302
21 836
Living cost
15 701
15 701
15 701
15 701
Free-cash
5 694
6 198
4 601
6 135

Estimated living cost  is ₴15701 per week

₴11748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4773
-₴1216
-₴1999
-₴2641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
2 100
other
-
-
-
1 193
surtax
-
-
-
-
social contributions
-
-
-
1 097
health
-
-
-
333
pensions
-
-
-
11 600
total
-
-
-
16 323
Employee
31 351
-
29 337
-
pensions
3 546
-
3 319
-
surtax
-
-
-
-
social contributions
893
-
836
-
income
2 735
-
2 221
-
total
7 174
-
6 376
-
Employer
31 351
-
29 337
-
health
2 194
-
2 054
-
pensions
5 151
-
4 821
-
unemployment
1 270
-
1 188
-
social contributions
94
-
88
-
other
1 082
-
1 013
-
total
9 791
-
9 164
-
Corporate
-
38 500
-
-
income
-
10 780
-
-
surtax
-
-
-
-
total
-
10 780
-
-
Dividends
-
27 720
-
-
surtax
-
-
-
-
social contributions
-
4 769
-
-
withholding
-
3 548
-
-
total
-
8 317
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 965
19 097
15 540
16 323
After tax
21 535
19 403
22 960
22 177
Living cost
24 176
24 176
24 176
24 176
Free-cash
-2 641
-4 773
-1 216
-1 999

Estimated living cost  is ₴24176 per week

₴16362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19603
₴15700
₴14621
₴17922
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
362
social contributions
-
-
-
8 470
total
-
-
-
8 832
Employee
16 093
-
33 333
-
income
-
-
419
-
social contributions
1 046
-
2 167
-
total
1 046
-
2 586
-
Employer
16 093
-
33 333
-
social contributions
2 494
-
5 167
-
total
2 494
-
5 167
-
Corporate
19 913
38 500
-
-
income
1 991
3 850
-
-
total
1 991
3 850
-
-
Dividends
17 922
34 650
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
5 531
3 850
7 753
8 832
After tax
32 969
34 650
30 747
29 668
Living cost
15 047
15 047
15 047
15 047
Free-cash
17 922
19 603
15 700
14 621

Estimated living cost  is ₴15047 per week

₴9729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴70559
-₴70559
₴256
-₴70559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
labour market
-
-
-
3 045
municipal
-
-
-
6 751
national
-
-
-
3 907
pensions
-
-
-
434
total
-
-
-
14 137
Employee
101 748
101 748
101 748
-
municipal
21 667
21 667
21 667
-
labour market
8 128
8 128
8 128
-
pensions
145
145
145
-
national
12 430
12 430
12 430
-
total
42 370
42 370
42 370
-
Employer
101 748
101 748
101 748
-
national
12 452
12 452
12 452
-
labour market
8 140
8 140
8 140
-
pensions
289
289
289
-
municipal
21 701
21 701
21 701
-
total
42 582
42 582
42 582
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
84 952
84 952
84 952
14 137
After tax
-46 452
-46 452
-46 452
24 363
Living cost
24 107
24 107
24 107
24 107
Free-cash
-70 559
-70 559
-70 559
256

Estimated living cost  is ₴24107 per week

₴16499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7876
₴8539
₴15507
₴1431
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
8 465
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
11 998
Employee
17 296
-
31 982
-
pensions
1 948
-
3 601
-
income
2 373
-
5 186
-
health
1 980
-
3 662
-
total
6 301
-
12 449
-
Employer
17 296
-
31 982
-
pensions
2 812
-
5 200
-
accident
289
-
534
-
unemployment
424
-
783
-
total
3 525
-
6 517
-
Corporate
17 680
38 500
-
-
income

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

15 912
34 650
-
-
total
15 912
34 650
-
-
Dividends
1 768
3 850
-
-
withholding
336
731
-
-
total
336
731
-
-
Income
38 500
38 500
38 500
38 500
Total tax
26 074
35 381
18 966
11 998
After tax
12 426
3 119
19 534
26 502
Living cost
10 995
10 995
10 995
10 995
Free-cash
1 431
-7 876
8 539
15 507

Estimated living cost  is ₴10995 per week

₴8003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
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.
₴2159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7041
₴3659
₴9286
₴4979
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
38 500
health
-
-
-
384
municipal
-
-
-
6 861
national
-
-
-
2 751
total
-
-
-
9 996
Employee
26 336
-
32 387
-
municipal
4 314
-
5 297
-
unemployment
395
-
485
-
pensions
1 777
-
2 186
-
national
435
-
1 252
-
health
197
-
290
-
total
7 118
-
9 510
-
Employer
26 336
-
32 387
-
health
202
-
250
-
pensions
4 569
-
5 620
-
accident
27
-
32
-
unemployment
171
-
211
-
total
4 969
-
6 113
-
Corporate
7 195
38 500
-
-
income
1 439
7 700
-
-
total
1 439
7 700
-
-
Dividends

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

4 317
23 100
-
-
municipal
777
4 158
-
-
national
-
383
-
-
total
777
4 541
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 303
12 241
15 623
9 996
After tax
24 197
26 259
22 877
28 504
Living cost
19 218
19 218
19 218
19 218
Free-cash
4 979
7 041
3 659
9 286

Estimated living cost  is ₴19218 per week

₴12553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15592
₴16198
₴17080
₴13935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
2 843
social contributions
-
-
-
6 006
health
-
-
-
982
total
-
-
-
9 831
Employee
38 491
38 491
38 491
-
social contributions
1 455
3 195
2 901
-
income
4 191
3 563
3 669
-
health
298
654
595
-
total
5 944
7 412
7 165
-
Employer
38 491
38 491
38 491
-
health
324
712
647
-
social contributions
1 455
3 195
2 901
-
total
1 779
3 907
3 548
-
Corporate
19 187
-
-
-
income
2 399
-
-
-
total
2 399
-
-
-
Dividends
16 788
-
-
-
withholding
2 854
-
-
-
total
2 854
-
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 976
11 319
10 713
9 831
After tax
25 524
27 181
27 787
28 669
Living cost
11 589
11 589
11 589
11 589
Free-cash
13 935
15 592
16 198
17 080

Estimated living cost  is ₴11589 per week

₴6946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
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.
₴3251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23935
₴15837
₴22037
₴21388
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 507
unemployment
-
-
-
14
health
-
-
-
1 811
pensions
-
-
-
3 184
total
-
-
-
8 516
Employee

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

11 490
-
34 905
-
unemployment
57
-
175
-
pensions
1 723
-
5 236
-
income
786
-
2 742
-
health
977
-
2 967
-
total
3 543
-
11 120
-
Employer

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

11 490
-
34 905
-
health
494
-
1 501
-
pensions
632
-
1 920
-
unemployment
57
-
175
-
total
1 183
-
3 596
-
Corporate
25 828
38 500
-
-
income
2 324
3 465
-
-
total
2 324
3 465
-
-
Dividends
23 503
35 035
-
-
withholding
2 115
3 153
-
-
total
2 115
3 153
-
-
Income
38 500
38 500
38 500
38 500
Total tax
9 165
6 618
14 716
8 516
After tax
29 335
31 882
23 784
29 984
Living cost
7 947
7 947
7 947
7 947
Free-cash
21 388
23 935
15 837
22 037

Estimated living cost  is ₴7947 per week

₴5071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
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.
₴2067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12201
₴7116
₴6842
₴9576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 342
other
-
-
-
39
unemployment
-
-
-
270
pensions
-
-
-
10 895
total
-
-
-
17 893
Employee
18 509
-
29 194
-
other
18
-
29
-
unemployment
287
-
452
-
pensions
870
-
1 372
-
income
3 568
-
6 460
-
total
4 743
-
8 313
-
Employer
18 509
-
29 194
-
pensions
4 368
-
6 890
-
accident
367
-
578
-
unemployment
1 018
-
1 605
-
other
148
-
233
-
total
5 901
-
9 306
-
Corporate
14 090
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.

2 114
5 775
-
-
total
2 114
5 775
-
-
Dividends
11 977
32 725
-
-
withholding
2 401
6 759
-
-
total
2 401
6 759
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 159
12 534
17 619
17 893
After tax
23 341
25 966
20 881
20 607
Living cost
13 765
13 765
13 765
13 765
Free-cash
9 576
12 201
7 116
6 842

Estimated living cost  is ₴13765 per week

₴9291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
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.
₴2910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23013
₴23348
₴23420
₴22847
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 796
health
-
-
-
535
pensions
-
-
-
738
total
-
-
-
14 069
Employee
1 540
-
37 670
-
unemployment
15
-
37
-
pensions
139
-
332
-
income
298
-
12 758
-
health
77
-
184
-
total
529
-
13 311
-
Employer
1 540
-
37 670
-
health
146
-
350
-
pensions
169
-
406
-
unemployment
31
-
74
-
total
346
-
830
-
Corporate
36 613
38 500
-
-
income
8 055
8 470
-
-
total
8 055
8 470
-
-
Dividends
28 558
30 030
-
-
withholding
5 712
6 006
-
-
total
5 712
6 006
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 642
14 476
14 141
14 069
After tax
23 858
24 024
24 359
24 431
Living cost
1 011
1 011
1 011
1 011
Free-cash
22 847
23 013
23 348
23 420

Estimated living cost  is ₴1011 per week

₴601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19155
₴11375
₴10306
₴16692
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
38 500
income
-
-
-
5 543
unemployment
-
-
-
555
health
-
-
-
3 812
pensions
-
-
-
9 623
total
-
-
-
19 533
Employee

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

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

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

13 060
-
32 655
-
unemployment
98
-
245
-
pensions
1 828
-
4 572
-
income
1 800
-
6 119
-
health
673
-
1 682
-
total
4 399
-
12 618
-
Employer

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

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

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

13 060
-
32 655
-
health
673
-
1 682
-
pensions
1 567
-
3 919
-
unemployment
98
-
245
-
total
2 338
-
5 846
-
Corporate
23 102
38 500
-
-
income
3 465
5 775
-
-
total
3 465
5 775
-
-
Dividends
19 637
32 725
-
-
withholding
2 945
4 909
-
-
total
2 945
4 909
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 147
10 684
18 464
19 533
After tax
25 353
27 816
20 036
18 967
Living cost
8 661
8 661
8 661
8 661
Free-cash
16 692
19 155
11 375
10 306

Estimated living cost  is ₴8661 per week

₴5832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
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.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8404
₴6807
₴8341
₴8224
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 285
surtax
-
-
-
-
social contributions

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

-
-
-
13 379
total
-
-
-
16 664
Employee
19 428
-
31 111
-
surtax
-
-
-
-
social contributions
2 137
-
3 423
-
income
3 796
-
7 387
-
total
5 933
-
10 810
-
Employer
19 428
-
31 111
-
social contributions
4 614
-
7 388
-
total
4 614
-
7 388
-
Corporate
14 458
38 500
-
-
income
3 036
8 085
-
-
surtax
-
-
-
-
total
3 036
8 085
-
-
Dividends
11 422
30 415
-
-
withholding
3 198
8 516
-
-
total
3 198
8 516
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 781
16 601
18 198
16 664
After tax
21 719
21 899
20 302
21 836
Living cost
13 495
13 495
13 495
13 495
Free-cash
8 224
8 404
6 807
8 341

Estimated living cost  is ₴13495 per week

₴9558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴938
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.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴8374
₴3289
₴3015
₴4555
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 342
other
-
-
-
39
unemployment
-
-
-
270
pensions
-
-
-
10 895
total
-
-
-
17 893
Employee
24 175
-
29 194
-
other
24
-
29
-
unemployment
374
-
452
-
pensions
1 136
-
1 372
-
income
5 049
-
6 460
-
total
6 583
-
8 313
-
Employer
24 175
-
29 194
-
pensions
5 705
-
6 890
-
accident
479
-
578
-
unemployment
1 330
-
1 605
-
other
194
-
233
-
total
7 708
-
9 306
-
Corporate
6 618
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.

993
5 775
-
-
total
993
5 775
-
-
Dividends
5 625
32 725
-
-
withholding
1 069
6 759
-
-
total
1 069
6 759
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 353
12 534
17 619
17 893
After tax
22 147
25 966
20 881
20 607
Living cost
17 592
17 592
17 592
17 592
Free-cash
4 555
8 374
3 289
3 015

Estimated living cost  is ₴17592 per week

₴12634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24307
₴20421
₴19445
₴21257
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
income
-
-
-
5 775
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
10 444
Employee
11 402
-
35 070
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

1 001
-
1 535
-
income
1 140
-
3 507
-
health
525
-
804
-
total
2 791
-
6 038
-
Employer
11 402
-
35 070
-
health
787
-
1 206
-
pensions

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

1 256
-
1 927
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 236
-
3 430
-
Corporate
24 861
38 500
-
-
income
2 486
3 850
-
-
total
2 486
3 850
-
-
Dividends
22 374
34 650
-
-
withholding
1 119
1 732
-
-
total
1 119
1 732
-
-
Income
38 500
38 500
38 500
38 500
Total tax
8 632
5 582
9 468
10 444
After tax
29 868
32 918
29 032
28 056
Living cost
8 611
8 611
8 611
8 611
Free-cash
21 257
24 307
20 421
19 445

Estimated living cost  is ₴8611 per week

₴5695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
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.
₴2218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴572
₴9194
₴7009
₴7119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
38 500
income

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

-
-
-
6 219
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.

-
-
-
342
health

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

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

-
-
-
3 420
trade
-
-
-
2 185
total
-
-
-
12 166
Employee

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

24 906
-
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.

113
-
342
-
income

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

2 048
-
6 219
-
health

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

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

3 420
-
3 420
-
total
5 581
-
9 981
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 594
38 500
-
-
income
2 039
5 775
-
-
surtax

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

112
317
-
-
chamber of commerce
96
132
-
-
trade
1 951
5 525
-
-
total
4 198
11 749
-
-
Dividends
9 395
26 751
-
-
surtax

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

119
357
-
-
withholding
2 158
6 497
-
-
total
2 277
6 854
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 056
18 603
9 981
12 166
After tax
26 444
19 897
28 519
26 334
Living cost
19 325
19 325
19 325
19 325
Free-cash
7 119
572
9 194
7 009

Estimated living cost  is ₴19325 per week

₴13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1564
-₴321
-₴321
-₴655
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 126
social contributions
-
-
-
3 181
total
-
-
-
10 307
Employee
39 155
-
38 500
-
income
7 388
-
7 126
-
social contributions
3 253
-
3 181
-
total
10 641
-
10 307
-
Employer
39 155
-
38 500
-
total
-
-
-
-
Corporate
-
38 500
-
-
income
-
4 812
-
-
total
-
4 812
-
-
Dividends
-
33 688
-
-
withholding
-
6 738
-
-
total
-
6 738
-
-
Income
38 500
38 500
38 500
38 500
Total tax
10 641
11 550
10 307
10 307
After tax
27 859
26 950
28 193
28 193
Living cost
28 514
28 514
28 514
28 514
Free-cash
-655
-1 564
-321
-321

Estimated living cost  is ₴28514 per week

₴21693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2323
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.
₴4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4210
₴9924
₴3052
₴7109
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
38 500
income
-
-
-
14 249
health

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

-
-
-
3 028
total
-
-
-
17 277
Employee
22 963
-
36 197
-
income
2 492
-
5 800
-
social contributions
2 301
-
2 303
-
total
4 793
-
8 103
-
Employer
22 963
-
36 197
-
social contributions
2 301
-
2 303
-
total
2 301
-
2 303
-
Corporate
13 237
38 500
-
-
income
4 633
13 475
-
-
total
4 633
13 475
-
-
Dividends
8 604
25 025
-
-
social contributions
1 494
2 645
-
-
total
1 494
2 645
-
-
Income
38 500
38 500
38 500
38 500
Total tax
13 221
16 120
10 406
17 277
After tax
25 279
22 380
28 094
21 223
Living cost
18 170
18 170
18 170
18 170
Free-cash
7 109
4 210
9 924
3 052

Estimated living cost  is ₴18170 per week

₴11969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
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.
₴4490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10192
₴5836
₴10044
₴7359
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 175
pensions
-
-
-
2 627
total
-
-
-
9 802
Employee
25 605
-
34 094
-
pensions
1 954
-
2 973
-
income
4 663
-
6 123
-
health
334
-
508
-
total
6 951
-
9 604
-
Employer
25 605
-
34 094
-
health
487
-
648
-
pensions
2 587
-
3 758
-
total
3 074
-
4 406
-
Corporate
9 822
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.

1 866
7 315
-
-
total
1 866
7 315
-
-
Dividends
7 956
31 185
-
-
withholding
596
2 339
-
-
total
596
2 339
-
-
Income
38 500
38 500
38 500
38 500
Total tax
12 487
9 654
14 010
9 802
After tax
26 013
28 846
24 490
28 698
Living cost
18 654
18 654
18 654
18 654
Free-cash
7 359
10 192
5 836
10 044

Estimated living cost  is ₴18654 per week

₴12796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1715
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.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8964
₴7451
₴14419
₴1265
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
8 465
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
11 998
Employee
19 008
-
31 982
-
pensions
2 140
-
3 601
-
income
2 608
-
5 186
-
health
2 176
-
3 662
-
total
6 924
-
12 449
-
Employer
19 008
-
31 982
-
pensions
3 091
-
5 200
-
accident
317
-
534
-
unemployment
466
-
783
-
total
3 874
-
6 517
-
Corporate
15 619
38 500
-
-
income

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

14 057
34 650
-
-
total
14 057
34 650
-
-
Dividends
1 562
3 850
-
-
withholding
297
731
-
-
total
297
731
-
-
Income
38 500
38 500
38 500
38 500
Total tax
25 152
35 381
18 966
11 998
After tax
13 348
3 119
19 534
26 502
Living cost
12 083
12 083
12 083
12 083
Free-cash
1 265
-8 964
7 451
14 419

Estimated living cost  is ₴12083 per week

₴8868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴704
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.
₴2268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25961
₴15553
₴15553
₴23526
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
38 500
income
-
-
-
5 596
unemployment
-
-
-
462
work injury
-
-
-
192
health insurance
-
-
-
2 849
pensions
-
-
-
7 084
total
-
-
-
16 183
Employee

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

10 822
-
38 500
-
health insurance
801
-
2 849
-
unemployment
130
-
462
-
work injury
54
-
192
-
pensions
1 991
-
7 084
-
income
1 082
-
5 596
-
total
4 058
-
16 183
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 678
38 500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
27 678
38 500
-
-
withholding
4 152
5 775
-
-
total
4 152
5 775
-
-
Income
38 500
38 500
38 500
38 500
Total tax
8 210
5 775
16 183
16 183
After tax
30 290
32 725
22 317
22 317
Living cost
6 764
6 764
6 764
6 764
Free-cash
23 526
25 961
15 553
15 553

Estimated living cost  is ₴6764 per week

₴4190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴338
-₴1527
₴367
-₴3681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
38 500
social contributions
-
-
-
9 902
regional
-
-
-
662
municipal
-
-
-
257
national
-
-
-
7 371
total
-
-
-
18 192
Employee
42 180
-
38 500
-
municipal
252
-
230
-
national
7 128
-
6 320
-
regional
637
-
554
-
social contributions
14 223
-
12 982
-
total
22 240
-
20 086
-
Employer
42 180
-
38 500
-
total
-
-
-
-
Corporate
-
38 500
-
-
municipal
-
1 856
-
-
nationa
-
9 240
-
-
total
-
11 096
-
-
Dividends
-
27 404
-
-
withholding
-
7 125
-
-
total
-
7 125
-
-
Income
38 500
38 500
38 500
38 500
Total tax
22 240
18 221
20 086
18 192
After tax
16 260
20 279
18 414
20 308
Living cost
19 941
19 941
19 941
19 941
Free-cash
-3 681
338
-1 527
367

Estimated living cost  is ₴19941 per week

₴14007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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