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
₴ 39500
per

Your estimated
City
free-cash

Dresden , Germany
₴6968
₴11721
₴12428
₴15503
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
39 500
trade
-
-
-
3 075
income

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

-
-
-
7 628
health

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

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

-
-
-
2 935
surtax

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

-
-
-
420
total
-
-
-
14 058
Employee

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

16 433
-
39 500
-
health

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

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

2 935
-
2 935
-
surtax

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

25
-
420
-
income

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

459
-
7 628
-
total
3 419
-
10 983
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
23 067
39 500
-
-
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.

190
326
-
-
income
3 460
5 925
-
-
trade
3 633
6 221
-
-
chamber of commerce
99
122
-
-
total
7 382
12 594
-
-
Dividends
15 684
26 905
-
-
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.

206
361
-
-
withholding
3 758
6 563
-
-
total
3 964
6 924
-
-
Income
39 500
39 500
39 500
39 500
Total tax
14 765
19 518
10 983
14 058
After tax
24 735
19 982
28 517
25 442
Living cost
13 014
13 014
13 014
13 014
Free-cash
11 721
6 968
15 503
12 428

Estimated living cost  is ₴13014 per week

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

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₴2968
₴2607
₴2270
₴2580
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
municipal
-
-
-
4 073
pensions
-
-
-
4 740
national
-
-
-
6 312
social contributions
-
-
-
425
total
-
-
-
15 550
Employee
33 608
-
34 147
-
municipal
4 151
-
4 226
-
pensions
1 344
-
1 366
-
national
6 433
-
6 549
-
total
11 928
-
12 141
-
Employer
33 608
-
34 147
-
social contributions
361
-
367
-
pensions
2 689
-
2 732
-
total
3 050
-
3 099
-
Corporate
624
39 500
-
-
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%.

125
7 900
-
-
total
125
7 900
-
-
Dividends
499
31 600
-
-
withholding
110
6 952
-
-
total
110
6 952
-
-
Income
39 500
39 500
39 500
39 500
Total tax
15 213
14 852
15 240
15 550
After tax
24 287
24 648
24 260
23 950
Living cost
21 680
21 680
21 680
21 680
Free-cash
2 607
2 968
2 580
2 270

Estimated living cost  is ₴21680 per week

₴14736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22661
₴19137
₴12187
₴13365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
39 500
microenterprise
-
-
-
-
income
-
-
-
5 675
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.

-
-
-
12 699
total
-
-
-
18 374
Employee
12 555
-
31 832
-
social contributions

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

1 381
-
3 501
-
surtax
-
-
-
-
income
2 235
-
6 027
-
total
3 616
-
9 528
-
Employer
12 555
-
31 832
-
social contributions

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

3 024
-
7 668
-
surtax
-
-
-
-
total
3 024
-
7 668
-
Corporate
23 921
39 500
-
-
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%.

4 784
7 900
-
-
total
4 784
7 900
-
-
Dividends

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

19 137
31 600
-
-
total
-
-
-
-
Income
39 500
39 500
39 500
39 500
Total tax
11 424
7 900
17 196
18 374
After tax
28 076
31 600
22 304
21 126
Living cost
8 939
8 939
8 939
8 939
Free-cash
19 137
22 661
13 365
12 187

Estimated living cost  is ₴8939 per week

₴5703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
-₴754
-₴3166
₴4442
-₴3166
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
7 075
pensions
-
-
-
5 034
health
-
-
-
4 950
total
-
-
-
17 059
Employee
36 691
36 691
36 691
-
health
5 632
4 790
5 632
-
income

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

6 006
6 006
6 006
-
pensions
6 604
5 034
6 604
-
total
18 242
15 830
18 242
-
Employer
36 691
36 691
36 691
-
unemployment
1 321
1 321
1 321
-
pensions
2 554
2 554
2 554
-
health
2 550
2 550
2 550
-
total
6 425
6 425
6 425
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
39 500
39 500
39 500
39 500
Total tax
24 667
22 255
24 667
17 059
After tax
14 833
17 245
14 833
22 441
Living cost
17 999
17 999
17 999
17 999
Free-cash
-3 166
-754
-3 166
4 442

Estimated living cost  is ₴17999 per week

₴12755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴4900
₴4524
₴3627
₴4426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
municipal
-
-
-
8 623
accident
-
-
-
73
pensions
-
-
-
3 949
other
-
-
-
4 245
unemployment
-
-
-
37
health
-
-
-
2 279
national
-
-
-
-
total
-
-
-
19 206
Employee
23 749
-
30 056
-
municipal
7 082
-
8 963
-
national
-
-
-
-
total
7 082
-
8 963
-
Employer
23 749
-
30 056
-
accident
48
-
60
-
other
2 760
-
3 493
-
unemployment
627
-
794
-
pensions
2 567
-
3 249
-
health
1 461
-
1 848
-
total
7 463
-
9 444
-
Corporate
8 290
39 500
-
-
income
1 824
8 690
-
-
total
1 824
8 690
-
-
Dividends
6 466
30 810
-
-
withholding
1 940
9 243
-
-
total
1 940
9 243
-
-
Income
39 500
39 500
39 500
39 500
Total tax
18 309
17 933
18 407
19 206
After tax
21 191
21 567
21 093
20 294
Living cost
16 667
16 667
16 667
16 667
Free-cash
4 524
4 900
4 426
3 627

Estimated living cost  is ₴16667 per week

₴11046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴2901
₴8937
₴8426
₴11638
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
39 500
trade
-
-
-
3 212
income

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

-
-
-
7 628
health

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

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

-
-
-
2 935
surtax

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

-
-
-
420
total
-
-
-
14 195
Employee

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

21 789
-
39 500
-
health

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

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

2 935
-
2 935
-
surtax

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

103
-
420
-
income

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

1 872
-
7 628
-
total
4 910
-
10 983
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
17 711
39 500
-
-
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.

146
326
-
-
income
2 656
5 925
-
-
trade
2 913
6 497
-
-
chamber of commerce
91
121
-
-
total
5 806
12 869
-
-
Dividends
11 905
26 630
-
-
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.

155
357
-
-
withholding
2 813
6 494
-
-
total
2 968
6 851
-
-
Income
39 500
39 500
39 500
39 500
Total tax
13 684
19 720
10 983
14 195
After tax
25 816
19 780
28 517
25 305
Living cost
16 879
16 879
16 879
16 879
Free-cash
8 937
2 901
11 638
8 426

Estimated living cost  is ₴16879 per week

₴11288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1780
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₴14997
₴13216
₴14558
₴14518
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
3 837
health
-
-
-
1 007
social contributions
-
-
-
6 162
total
-
-
-
11 006
Employee
33 038
33 038
35 860
-
social contributions
1 605
2 742
2 976
-
health
329
562
610
-
income
3 469
3 058
3 820
-
total
5 403
6 362
7 406
-
Employer
33 038
33 038
35 860
-
social contributions
1 605
2 742
2 976
-
health
358
612
664
-
total
1 963
3 354
3 640
-
Corporate
18 198
3 108
-
-
income
2 275
389
-
-
total
2 275
389
-
-
Dividends
15 923
2 719
-
-
withholding
2 707
462
-
-
total
2 707
462
-
-
Income
39 500
39 500
39 500
39 500
Total tax
12 348
10 567
11 046
11 006
After tax
27 152
28 933
28 454
28 494
Living cost
13 936
13 936
13 936
13 936
Free-cash
13 216
14 997
14 518
14 558

Estimated living cost  is ₴13936 per week

₴9527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴14466
₴14629
₴19566
₴15100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
4 829
pensions
-
-
-
3 950
unemployment
-
-
-
592
health
-
-
-
2 765
total
-
-
-
12 136
Employee

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

The minimum wage is 138,000 HUF per month.

11 256
4 480
33 054
-
health
788
314
2 314
-
income
1 376
548
4 041
-
pensions
1 126
448
3 305
-
unemployment
169
67
496
-
total
3 459
1 377
10 156
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 256
4 480
33 054
-
pensions
2 195
874
6 446
-
total
2 195
874
6 446
-
Corporate
26 049
34 147
-
-
income
2 344
3 073
-
-
total
2 344
3 073
-
-
Dividends
23 705
31 073
-
-
social contributions
4 571
6 008
-
-
withholding
4 504
5 904
-
-
total
9 075
11 912
-
-
Income
39 500
39 500
39 500
39 500
Total tax
17 073
17 236
16 602
12 136
After tax
22 427
22 264
22 898
27 364
Living cost
7 798
7 798
7 798
7 798
Free-cash
14 629
14 466
15 100
19 566

Estimated living cost  is ₴7798 per week

₴5321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21222
₴18552
₴10794
₴12390
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
5 293
pensions
-
-
-
7 900
health
-
-
-
5 135
total
-
-
-
18 328
Employee
12 189
-
29 522
-
income
1 372
-
5 692
-
pensions
244
-
590
-
unemployment
195
-
472
-
total
1 811
-
6 754
-
Employer
12 189
-
29 522
-
unemployment
98
-
236
-
pensions
2 438
-
5 904
-
health
1 584
-
3 838
-
total
4 120
-
9 978
-
Corporate
23 191
39 500
-
-
income
4 639
7 900
-
-
total
4 639
7 900
-
-
Dividends
18 553
31 600
-
-
total
-
-
-
-
Income
39 500
39 500
39 500
39 500
Total tax
10 570
7 900
16 732
18 328
After tax
28 930
31 600
22 768
21 172
Living cost
10 378
10 378
10 378
10 378
Free-cash
18 552
21 222
12 390
10 794

Estimated living cost  is ₴10378 per week

₴7118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴6230
₴1754
₴17702
₴10762
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
accident
-
-
-
108
income
-
-
-
9 383
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
12 368
Employee
14 834
-
33 402
-
health
1 698
-
3 824
-
income
2 035
-
6 116
-
pensions
1 670
-
3 270
-
total
5 403
-
13 210
-
Employer
14 834
-
33 402
-
accident
248
-
558
-
unemployment
363
-
818
-
pensions
2 412
-
4 722
-
total
3 023
-
6 098
-
Corporate
21 643
39 500
-
-
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.

19 479
35 550
-
-
total
19 479
35 550
-
-
Dividends
2 164
3 950
-
-
withholding
411
750
-
-
total
411
750
-
-
Income
39 500
39 500
39 500
39 500
Total tax
28 316
36 300
19 308
12 368
After tax
11 184
3 200
20 192
27 132
Living cost
9 430
9 430
9 430
9 430
Free-cash
1 754
-6 230
10 762
17 702

Estimated living cost  is ₴9430 per week

₴6911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1800
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33632
₴32902
₴35212
₴27707
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
39 500
microenterprise

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

-
-
-
395
total
-
-
-
395
Employee
4 866
-
39 500
-
income
973
-
7 900
-
total
973
-
7 900
-
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%.

34 634
39 500
-
-
total
-
-
-
-
Dividends
34 634
39 500
-
-
withholding
1 732
1 975
-
-
total
1 732
1 975
-
-
Income
39 500
39 500
39 500
39 500
Total tax
2 705
1 975
7 900
395
After tax
36 795
37 525
31 600
39 105
Living cost
3 893
3 893
3 893
3 893
Free-cash
32 902
33 632
27 707
35 212

Estimated living cost  is ₴3893 per week

₴2412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴17573
₴14670
₴9940
₴11702
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
5 017
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.

-
-
-
9 480
other
-
-
-
1 876
health
-
-
-
1 738
total
-
-
-
18 111
Employee
15 600
-
31 549
-
health
219
-
442
-
income
2 686
-
5 431
-
pensions

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

1 092
-
2 209
-
unemployment
156
-
316
-
total
4 153
-
8 398
-
Employer
15 600
-
31 549
-
accident
125
-
253
-
other
780
-
1 578
-
unemployment
156
-
316
-
pensions

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

2 652
-
5 363
-
health
219
-
442
-
total
3 932
-
7 952
-
Corporate
19 968
39 500
-
-
income
4 193
8 295
-
-
total
4 193
8 295
-
-
Dividends
15 775
31 205
-
-
withholding
1 104
2 184
-
-
total
1 104
2 184
-
-
Income
39 500
39 500
39 500
39 500
Total tax
13 382
10 479
16 350
18 111
After tax
26 118
29 021
23 150
21 389
Living cost
11 448
11 448
11 448
11 448
Free-cash
14 670
17 573
11 702
9 940

Estimated living cost  is ₴11448 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴892
-₴6677
₴383
-₴3852
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
7 576
pensions
-
-
-
2 838
total
-
-
-
10 414
Employee
40 611
-
34 840
-
health
669
-
551
-
income
7 321
-
6 213
-
pensions
3 918
-
3 225
-
total
11 908
-
9 989
-
Employer
40 611
-
34 840
-
pensions
4 795
-
3 998
-
health
771
-
662
-
total
5 566
-
4 660
-
Corporate
-
39 500
-
-
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.

-
7 505
-
-
total
-
7 505
-
-
Dividends
-
31 995
-
-
withholding
-
2 400
-
-
total
-
2 400
-
-
Income
39 500
39 500
39 500
39 500
Total tax
17 474
9 905
14 649
10 414
After tax
22 026
29 595
24 851
29 086
Living cost
28 703
28 703
28 703
28 703
Free-cash
-6 677
892
-3 852
383

Estimated living cost  is ₴28703 per week

₴21508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴28140
₴26143
₴23935
₴25094
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
5 925
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
9 932
Employee
7 458
-
36 556
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
3 656
-
pensions

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

655
-
1 318
-
total
1 826
-
5 829
-
Employer
7 458
-
36 556
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 654
-
health
515
-
1 035
-
total
1 464
-
2 944
-
Corporate
30 578
39 500
-
-
income
3 058
3 950
-
-
total
3 058
3 950
-
-
Dividends
27 520
35 550
-
-
withholding
1 376
1 777
-
-
total
1 376
1 777
-
-
Income
39 500
39 500
39 500
39 500
Total tax
7 724
5 727
8 773
9 932
After tax
31 776
33 773
30 727
29 568
Living cost
5 633
5 633
5 633
5 633
Free-cash
26 143
28 140
25 094
23 935

Estimated living cost  is ₴5633 per week

₴3288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴6580
-₴7309
-₴1384
-₴8992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
7 075
pensions
-
-
-
5 034
health
-
-
-
4 950
total
-
-
-
17 059
Employee
39 834
36 691
36 691
-
health
4 970
4 790
5 632
-
income

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

6 006
6 006
6 006
-
pensions
5 034
5 034
6 604
-
total
16 010
15 830
18 242
-
Employer
39 834
36 691
36 691
-
unemployment
1 434
1 321
1 321
-
pensions
2 772
2 554
2 554
-
health
2 768
2 550
2 550
-
total
6 974
6 425
6 425
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
39 500
39 500
39 500
39 500
Total tax
22 984
22 255
24 667
17 059
After tax
16 516
17 245
14 833
22 441
Living cost
23 825
23 825
23 825
23 825
Free-cash
-7 309
-6 580
-8 992
-1 384

Estimated living cost  is ₴23825 per week

₴17575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴16922
₴13257
₴8965
₴9772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
3 395
health
-
-
-
5 332
solidarity contribution
-
-
-
-
social contributions
-
-
-
11 534
total
-
-
-
20 261
Employee
15 109
-
29 478
-
social contributions
982
-
1 916
-
health
2 040
-
3 979
-
solidarity contribution
-
-
-
-
income
1 813
-
3 537
-
total
4 835
-
9 432
-
Employer
15 109
-
29 478
-
social contributions
3 777
-
7 369
-
health
1 360
-
2 653
-
total
5 137
-
10 022
-
Corporate
19 254
39 500
-
-
income
3 658
7 505
-
-
total
3 658
7 505
-
-
Dividends
15 595
31 995
-
-
withholding
2 339
4 799
-
-
total
2 339
4 799
-
-
Income
39 500
39 500
39 500
39 500
Total tax
15 969
12 304
19 454
20 261
After tax
23 531
27 196
20 046
19 239
Living cost
10 274
10 274
10 274
10 274
Free-cash
13 257
16 922
9 772
8 965

Estimated living cost  is ₴10274 per week

₴7137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴2945
₴702
₴2397
₴516
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
municipal
-
-
-
235
regional
-
-
-
430
national
-
-
-
8 149
social contributions
-
-
-
10 159
total
-
-
-
18 973
Employee
38 185
-
39 500
-
social contributions
12 876
-
13 320
-
regional
360
-
376
-
municipal
202
-
210
-
national
6 617
-
6 948
-
total
20 055
-
20 854
-
Employer
38 185
-
39 500
-
total
-
-
-
-
Corporate
1 315
39 500
-
-
nationa
316
9 480
-
-
municipal
51
1 540
-
-
total
367
11 020
-
-
Dividends
948
28 480
-
-
withholding
246
7 405
-
-
total
246
7 405
-
-
Income
39 500
39 500
39 500
39 500
Total tax
20 668
18 425
20 854
18 973
After tax
18 832
21 075
18 646
20 527
Living cost
18 130
18 130
18 130
18 130
Free-cash
702
2 945
516
2 397

Estimated living cost  is ₴18130 per week

₴12638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1189
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴15365
₴14028
₴11195
₴10434
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
7 194
pensions
-
-
-
7 900
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 805
surtax
-
-
-
827
total
-
-
-
18 824
Employee
14 208
-
32 631
-
other
-
-
-
-
health
363
-
832
-
surtax
46
-
740
-
income
2 382
-
6 696
-
pensions
947
-
2 176
-
unemployment
989
-
2 271
-
total
4 727
-
12 715
-
Employer
14 208
-
32 631
-
other
-
-
-
-
unemployment
450
-
1 035
-
pensions
1 894
-
4 350
-
health
647
-
1 485
-
total
2 991
-
6 870
-
Corporate
22 301
39 500
-
-
income
5 798
10 270
-
-
total
5 798
10 270
-
-
Dividends
16 503
29 230
-
-
withholding
2 475
4 384
-
-
total
2 475
4 384
-
-
Income
39 500
39 500
39 500
39 500
Total tax
15 991
14 654
19 585
18 824
After tax
23 509
24 846
19 915
20 676
Living cost
9 481
9 481
9 481
9 481
Free-cash
14 028
15 365
10 434
11 195

Estimated living cost  is ₴9481 per week

₴5797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴9986
₴6609
₴9477
₴5242
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
7 576
pensions
-
-
-
2 838
total
-
-
-
10 414
Employee
27 216
-
34 840
-
health
395
-
551
-
income
4 902
-
6 213
-
pensions
2 310
-
3 225
-
total
7 607
-
9 989
-
Employer
27 216
-
34 840
-
pensions
2 946
-
3 998
-
health
517
-
662
-
total
3 463
-
4 660
-
Corporate
8 820
39 500
-
-
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.

1 676
7 505
-
-
total
1 676
7 505
-
-
Dividends
7 145
31 995
-
-
withholding
536
2 400
-
-
total
536
2 400
-
-
Income
39 500
39 500
39 500
39 500
Total tax
13 282
9 905
14 649
10 414
After tax
26 218
29 595
24 851
29 086
Living cost
19 609
19 609
19 609
19 609
Free-cash
6 609
9 986
5 242
9 477

Estimated living cost  is ₴19609 per week

₴14691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴14614
-₴2382
₴409
-₴1615
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
city
-
-
-
416
pensions
-
-
-
3 634
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.

-
-
-
790
regional
-
-
-
1 279
health
-
-
-
107
national
-
-
-
189
total
-
-
-
6 415
Employee
38 240
-
35 355
-
city
410
-
380
-
regional
1 252
-
1 096
-
health
86
-
80
-
pensions
3 213
-
2 969
-
unemployment
-
-
-
-
national
181
-
158
-
total
5 142
-
4 683
-
Employer
38 240
-
35 355
-
other

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

765
-
707
-
unemployment
-
-
-
-
pensions
3 213
-
2 969
-
health
86
-
80
-
total
4 064
-
3 756
-
Corporate
-
39 500
-
-
regional
-
8 354
-
-
national
-
3 358
-
-
total
-
11 712
-
-
Dividends
-
27 788
-
-
withholding
-
9 726
-
-
total
-
9 726
-
-
Income
39 500
39 500
39 500
39 500
Total tax
9 206
21 438
8 439
6 415
After tax
30 294
18 062
31 061
33 085
Living cost
32 676
32 676
32 676
32 676
Free-cash
-2 382
-14 614
-1 615
409

Estimated living cost  is ₴32676 per week

₴21249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴401
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
-₴107
₴6860
₴5485
₴8834
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
39 500
trade
-
-
-
3 349
income

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

-
-
-
7 628
health

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

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

-
-
-
2 935
surtax

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

-
-
-
420
total
-
-
-
14 332
Employee

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

25 821
-
39 500
-
health

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

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

2 935
-
2 935
-
surtax

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

167
-
420
-
income

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

3 036
-
7 628
-
total
6 138
-
10 983
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 679
39 500
-
-
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
326
-
-
income
2 051
5 925
-
-
trade
2 346
6 774
-
-
chamber of commerce
85
121
-
-
total
4 595
13 146
-
-
Dividends
9 084
26 354
-
-
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.

116
353
-
-
withholding
2 108
6 425
-
-
total
2 224
6 778
-
-
Income
39 500
39 500
39 500
39 500
Total tax
12 957
19 924
10 983
14 332
After tax
26 543
19 576
28 517
25 168
Living cost
19 683
19 683
19 683
19 683
Free-cash
6 860
-107
8 834
5 485

Estimated living cost  is ₴19683 per week

₴14375
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3477
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5208
₴7748
₴8145
₴7964
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
3 272
pensions
-
-
-
10 492
other
-
-
-
1 225
health
-
-
-
541
surtax
-
-
-
-
social contributions
-
-
-
1 125
total
-
-
-
16 655
Employee
18 388
-
30 100
-
social contributions
524
-
857
-
surtax
-
-
-
-
income
1 085
-
3 175
-
pensions
2 079
-
3 404
-
total
3 688
-
7 436
-
Employer
18 388
-
30 100
-
other
634
-
1 039
-
social contributions
55
-
91
-
unemployment
744
-
1 219
-
pensions
3 021
-
4 944
-
health
1 287
-
2 107
-
total
5 741
-
9 400
-
Corporate
15 369
39 500
-
-
surtax
-
-
-
-
income
4 303
11 060
-
-
total
4 303
11 060
-
-
Dividends
11 066
28 440
-
-
surtax
-
-
-
-
social contributions
1 904
4 891
-
-
withholding
1 416
3 641
-
-
total
3 320
8 532
-
-
Income
39 500
39 500
39 500
39 500
Total tax
17 052
19 592
16 836
16 655
After tax
22 448
19 908
22 664
22 845
Living cost
14 700
14 700
14 700
14 700
Free-cash
7 748
5 208
7 964
8 145

Estimated living cost  is ₴14700 per week

₴9269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴6665
₴9052
₴9602
₴9421
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
3 272
pensions
-
-
-
10 492
other
-
-
-
1 225
health
-
-
-
541
surtax
-
-
-
-
social contributions
-
-
-
1 125
total
-
-
-
16 655
Employee
16 414
-
30 100
-
social contributions
468
-
857
-
surtax
-
-
-
-
income
846
-
3 175
-
pensions
1 857
-
3 404
-
total
3 171
-
7 436
-
Employer
16 414
-
30 100
-
other
567
-
1 039
-
social contributions
49
-
91
-
unemployment
665
-
1 219
-
pensions
2 697
-
4 944
-
health
1 149
-
2 107
-
total
5 127
-
9 400
-
Corporate
17 960
39 500
-
-
surtax
-
-
-
-
income
5 029
11 060
-
-
total
5 029
11 060
-
-
Dividends
12 931
28 440
-
-
surtax
-
-
-
-
social contributions
2 223
4 891
-
-
withholding
1 655
3 641
-
-
total
3 878
8 532
-
-
Income
39 500
39 500
39 500
39 500
Total tax
17 205
19 592
16 836
16 655
After tax
22 295
19 908
22 664
22 845
Living cost
13 243
13 243
13 243
13 243
Free-cash
9 052
6 665
9 421
9 602

Estimated living cost  is ₴13243 per week

₴7681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴14988
₴15209
₴16255
₴16504
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
5 925
health
-
-
-
2 758
social contributions
-
-
-
5 451
total
-
-
-
14 134
Employee
14 568
-
39 500
-
social contributions
2 011
-
5 451
-
health
1 017
-
2 758
-
income
2 430
-
5 676
-
total
5 458
-
13 885
-
Employer
14 568
-
39 500
-
total
-
-
-
-
Corporate
24 932
39 500
-
-
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%.

1 247
1 975
-
-
total
1 247
1 975
-
-
Dividends
23 686
37 525
-
-
health
1 654
2 619
-
-
social contributions
3 269
5 178
-
-
withholding
3 552
5 629
-
-
total
8 475
13 426
-
-
Income
39 500
39 500
39 500
39 500
Total tax
15 180
15 401
13 885
14 134
After tax
24 320
24 099
25 615
25 366
Living cost
9 111
9 111
9 111
9 111
Free-cash
15 209
14 988
16 504
16 255

Estimated living cost  is ₴9111 per week

₴6097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴7061
₴6398
₴5146
-₴2635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
chamber of commerce
-
-
-
158
income
-
-
-
6 008
pensions
-
-
-
7 307
unemployment
-
-
-
2 635
health
-
-
-
3 022
surtax
-
-
-
85
total
-
-
-
19 215
Employee
21 472
17 122
30 607
-
other
214
171
306
-
health
831
663
1 185
-
income
2 444
1 263
5 316
-
pensions
2 199
1 753
3 134
-
unemployment
644
514
918
-
total
6 332
4 364
10 859
-
Employer
21 472
17 122
30 607
-
accident
279
223
398
-
other
1 020
813
1 454
-
chamber of commerce
86
68
122
-
unemployment
644
514
918
-
surtax
85
85
85
-
pensions
2 695
2 149
3 841
-
payroll
644
514
918
-
health
811
647
1 157
-
total
6 264
5 013
8 893
-
Corporate
11 764
17 365
28 976
-
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.

2 941
4 341
7 244
-
total
2 941
4 341
7 244
-
Dividends
8 823
13 024
-
-
withholding
2 426
3 582
-
-
total
2 426
3 582
-
-
Income
39 500
39 500
39 500
39 500
Total tax
17 963
17 300
26 996
19 215
After tax
21 537
22 200
12 504
20 285
Living cost
15 139
15 139
15 139
15 139
Free-cash
6 398
7 061
-2 635
5 146

Estimated living cost  is ₴15139 per week

₴10097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₴6500
-₴180
₴3310
-₴57
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
national
-
-
-
12 538
communal

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

-
-
-
2 011
social contributions
-
-
-
5 975
total
-
-
-
20 524
Employee

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

30 733
-
30 592
-
communal

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

1 603
-
1 596
-
health

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

1 444
-
1 437
-
pensions

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

2 305
-
2 294
-
unemployment

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

267
-
266
-
national
9 449
-
9 393
-
total
15 068
-
14 986
-
Employer

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

30 733
-
30 592
-
accident

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

400
-
398
-
unemployment

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

448
-
447
-
surtax
3 485
-
3 468
-
pensions

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

2 723
-
2 710
-
health

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

1 890
-
1 882
-
total
8 946
-
8 905
-
Corporate
-
39 500
-
-
surtax
-
158
-
-
income
-
7 900
-
-
total
-
8 058
-
-
Dividends
-
31 442
-
-
withholding

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

-
9 276
-
-
total
-
9 276
-
-
Income
39 500
39 500
39 500
39 500
Total tax
24 014
17 334
23 891
20 524
After tax
15 486
22 166
15 609
18 976
Living cost
15 666
15 666
15 666
15 666
Free-cash
-180
6 500
-57
3 310

Estimated living cost  is ₴15666 per week

₴10091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴11105
₴7682
₴5335
₴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
-
-
-
39 500
accident
-
-
-
355
income
-
-
-
6 800
pensions
-
-
-
11 178
other
-
-
-
39
unemployment
-
-
-
276
total
-
-
-
18 648
Employee
21 387
-
29 951
-
other
21
-
30
-
income
4 513
-
6 919
-
pensions
1 005
-
1 408
-
unemployment
332
-
464
-
total
5 871
-
8 821
-
Employer
21 387
-
29 951
-
accident
423
-
593
-
other
170
-
239
-
unemployment
1 177
-
1 647
-
pensions
5 047
-
7 068
-
total
6 817
-
9 547
-
Corporate
11 296
39 500
-
-
income

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

1 694
5 925
-
-
total
1 694
5 925
-
-
Dividends
9 602
33 575
-
-
withholding
1 919
6 953
-
-
total
1 919
6 953
-
-
Income
39 500
39 500
39 500
39 500
Total tax
16 301
12 878
18 368
18 648
After tax
23 199
26 622
21 132
20 852
Living cost
15 517
15 517
15 517
15 517
Free-cash
7 682
11 105
5 615
5 335

Estimated living cost  is ₴15517 per week

₴11426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1101
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴929
-₴1834
-₴332
₴1536
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
accident
-
-
-
333
income
-
-
-
3 000
pensions
-
-
-
5 920
health
-
-
-
2 775
surtax
-
-
-
1 958
communal
-
-
-
2 497
total
-
-
-
16 483
Employee
32 537
-
35 284
-
health
1 448
-
1 570
-
surtax
1 994
-
2 162
-
income
3 143
-
3 844
-
pensions
2 603
-
2 823
-
total
9 188
-
10 399
-
Employer
32 537
-
35 284
-
accident
293
-
317
-
pensions
2 603
-
2 823
-
health
992
-
1 076
-
total
3 888
-
4 216
-
Corporate
3 075
39 500
-
-
surtax
33
415
-
-
communal
-
2 666
-
-
income
461
5 925
-
-
total
494
9 006
-
-
Dividends
2 581
30 494
-
-
income
4 028
1 642
-
-
withholding
387
4 574
-
-
total
4 415
6 216
-
-
Income
39 500
39 500
39 500
39 500
Total tax
17 985
15 222
14 615
16 483
After tax
21 515
24 278
24 885
23 017
Living cost
23 349
23 349
23 349
23 349
Free-cash
-1 834
929
1 536
-332

Estimated living cost  is ₴23349 per week

₴17515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15196
₴13830
₴11026
₴10265
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
7 194
pensions
-
-
-
7 900
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 805
surtax
-
-
-
827
total
-
-
-
18 824
Employee
14 469
-
32 631
-
other
-
-
-
-
health
369
-
832
-
surtax
51
-
740
-
income
2 426
-
6 696
-
pensions
965
-
2 176
-
unemployment
1 007
-
2 271
-
total
4 818
-
12 715
-
Employer
14 469
-
32 631
-
other
-
-
-
-
unemployment
459
-
1 035
-
pensions
1 929
-
4 350
-
health
658
-
1 485
-
total
3 046
-
6 870
-
Corporate
21 985
39 500
-
-
income
5 716
10 270
-
-
total
5 716
10 270
-
-
Dividends
16 268
29 230
-
-
withholding
2 440
4 384
-
-
total
2 440
4 384
-
-
Income
39 500
39 500
39 500
39 500
Total tax
16 020
14 654
19 585
18 824
After tax
23 480
24 846
19 915
20 676
Living cost
9 650
9 650
9 650
9 650
Free-cash
13 830
15 196
10 265
11 026

Estimated living cost  is ₴9650 per week

₴5826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴9188
₴8233
₴8787
₴6917
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
municipal
-
-
-
235
regional
-
-
-
596
national
-
-
-
8 149
social contributions
-
-
-
10 159
total
-
-
-
19 139
Employee
23 833
-
39 500
-
social contributions
8 037
-
13 320
-
regional
321
-
531
-
municipal
126
-
210
-
national
3 776
-
6 948
-
total
12 260
-
21 009
-
Employer
23 833
-
39 500
-
total
-
-
-
-
Corporate
15 667
39 500
-
-
nationa
3 760
9 480
-
-
municipal
779
1 963
-
-
total
4 539
11 443
-
-
Dividends
11 128
28 057
-
-
withholding
2 894
7 295
-
-
total
2 894
7 295
-
-
Income
39 500
39 500
39 500
39 500
Total tax
19 693
18 738
21 009
19 139
After tax
19 807
20 762
18 491
20 361
Living cost
11 574
11 574
11 574
11 574
Free-cash
8 233
9 188
6 917
8 787

Estimated living cost  is ₴11574 per week

₴7198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14535
₴10017
₴6578
₴7385
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
3 395
health
-
-
-
5 332
solidarity contribution
-
-
-
-
social contributions
-
-
-
11 534
total
-
-
-
20 261
Employee
18 619
-
29 478
-
social contributions
1 210
-
1 916
-
health
2 514
-
3 979
-
solidarity contribution
-
-
-
-
income
2 234
-
3 537
-
total
5 958
-
9 432
-
Employer
18 619
-
29 478
-
social contributions
4 655
-
7 369
-
health
1 676
-
2 653
-
total
6 331
-
10 022
-
Corporate
14 551
39 500
-
-
income
2 765
7 505
-
-
total
2 765
7 505
-
-
Dividends
11 786
31 995
-
-
withholding
1 768
4 799
-
-
total
1 768
4 799
-
-
Income
39 500
39 500
39 500
39 500
Total tax
16 822
12 304
19 454
20 261
After tax
22 678
27 196
20 046
19 239
Living cost
12 661
12 661
12 661
12 661
Free-cash
10 017
14 535
7 385
6 578

Estimated living cost  is ₴12661 per week

₴9415
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴8540
₴8329
₴6663
-₴1209
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
chamber of commerce
-
-
-
158
income
-
-
-
6 008
pensions
-
-
-
7 307
unemployment
-
-
-
2 635
health
-
-
-
3 022
surtax
-
-
-
-
total
-
-
-
19 130
Employee
18 781
17 122
30 672
-
other
188
171
307
-
health
726
663
1 187
-
income
1 673
1 263
5 357
-
pensions
1 923
1 753
3 141
-
unemployment
563
514
921
-
total
5 073
4 364
10 913
-
Employer
18 781
17 122
30 672
-
accident
244
223
399
-
other
892
813
1 457
-
chamber of commerce
75
68
122
-
unemployment
563
514
921
-
surtax
-
-
-
-
pensions
2 357
2 149
3 849
-
payroll
563
514
921
-
health
710
647
1 159
-
total
5 404
4 928
8 828
-
Corporate
15 314
17 450
29 042
-
income

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

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

3 828
4 362
7 261
-
total
3 828
4 362
7 261
-
Dividends
11 486
13 088
-
-
withholding
3 159
3 599
-
-
total
3 159
3 599
-
-
Income
39 500
39 500
39 500
39 500
Total tax
17 464
17 253
27 002
19 130
After tax
22 036
22 247
12 498
20 370
Living cost
13 707
13 707
13 707
13 707
Free-cash
8 329
8 540
-1 209
6 663

Estimated living cost  is ₴13707 per week

₴8223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴31459
₴30321
₴33039
₴25534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
39 500
microenterprise

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

-
-
-
395
total
-
-
-
395
Employee
7 582
-
39 500
-
income
1 517
-
7 900
-
total
1 517
-
7 900
-
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%.

31 918
39 500
-
-
total
-
-
-
-
Dividends
31 918
39 500
-
-
withholding
1 596
1 975
-
-
total
1 596
1 975
-
-
Income
39 500
39 500
39 500
39 500
Total tax
3 113
1 975
7 900
395
After tax
36 387
37 525
31 600
39 105
Living cost
6 066
6 066
6 066
6 066
Free-cash
30 321
31 459
25 534
33 039

Estimated living cost  is ₴6066 per week

₴4105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴255
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴15672
₴12080
₴9064
₴7933
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
39 500
income
-
-
-
7 752
pensions
-
-
-
7 213
unemployment
-
-
-
60
health
-
-
-
3 887
total
-
-
-
18 912
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.

18 999
-
34 178
-
health
1 227
-
2 208
-
income
3 276
-
7 169
-
pensions
2 945
-
5 297
-
unemployment
27
-
48
-
total
7 475
-
14 722
-
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.

18 999
-
34 178
-
unemployment
11
-
20
-
pensions
1 681
-
3 025
-
health
1 265
-
2 276
-
total
2 957
-
5 321
-
Corporate
17 543
39 500
-
-
income
3 333
7 505
-
-
total
3 333
7 505
-
-
Dividends
14 209
31 995
-
-
withholding
2 131
4 799
-
-
total
2 131
4 799
-
-
Income
39 500
39 500
39 500
39 500
Total tax
15 896
12 304
20 043
18 912
After tax
23 604
27 196
19 457
20 588
Living cost
11 524
11 524
11 524
11 524
Free-cash
12 080
15 672
7 933
9 064

Estimated living cost  is ₴11524 per week

₴7909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴5398
-₴24892
₴8664
₴15185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
7 699
social contributions
-
-
-
4 503
total
-
-
-
12 202
Employee
26 719
-
-
-
social contributions
2 191
-
312
-
income
5 894
-
-
-
total
8 085
-
312
-
Employer
26 719
-
-
-
social contributions
37 673
-
5 369
-
total
37 673
-
5 369
-
Corporate
-
39 500
-
-
income
-
8 690
-
-
total
-
8 690
-
-
Dividends
-
30 810
-
-
income
-
6 778
-
-
total
-
6 778
-
-
Income
39 500
39 500
39 500
39 500
Total tax
45 758
15 468
5 681
12 202
After tax
-6 258
24 032
33 819
27 298
Living cost
18 634
18 634
18 634
18 634
Free-cash
-24 892
5 398
15 185
8 664

Estimated living cost  is ₴18634 per week

₴12090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8991
₴8559
₴8737
₴6873
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
39 500
income
-
-
-
3 560
surtax
-
-
-
-
social contributions

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

-
-
-
13 726
total
-
-
-
17 286
Employee
19 761
-
31 919
-
social contributions
2 174
-
3 511
-
surtax
-
-
-
-
income
4 110
-
8 058
-
total
6 284
-
11 569
-
Employer
19 761
-
31 919
-
social contributions
4 693
-
7 581
-
total
4 693
-
7 581
-
Corporate
15 046
39 500
-
-
surtax
-
-
-
-
income
3 159
8 295
-
-
total
3 159
8 295
-
-
Dividends
11 887
31 205
-
-
withholding
3 328
8 737
-
-
total
3 328
8 737
-
-
Income
39 500
39 500
39 500
39 500
Total tax
17 464
17 032
19 150
17 286
After tax
22 036
22 468
20 350
22 214
Living cost
13 477
13 477
13 477
13 477
Free-cash
8 559
8 991
6 873
8 737

Estimated living cost  is ₴13477 per week

₴10083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴844
₴2109
₴2093
₴1912
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
3 272
pensions
-
-
-
10 492
other
-
-
-
1 225
health
-
-
-
541
surtax
-
-
-
-
social contributions
-
-
-
1 125
total
-
-
-
16 655
Employee
26 910
-
30 100
-
social contributions
766
-
857
-
surtax
-
-
-
-
income
2 348
-
3 175
-
pensions
3 044
-
3 404
-
total
6 158
-
7 436
-
Employer
26 910
-
30 100
-
other
929
-
1 039
-
social contributions
81
-
91
-
unemployment
1 090
-
1 219
-
pensions
4 422
-
4 944
-
health
1 883
-
2 107
-
total
8 405
-
9 400
-
Corporate
4 185
39 500
-
-
surtax
-
-
-
-
income
1 172
11 060
-
-
total
1 172
11 060
-
-
Dividends
3 014
28 440
-
-
surtax
-
-
-
-
social contributions
518
4 891
-
-
withholding
386
3 641
-
-
total
904
8 532
-
-
Income
39 500
39 500
39 500
39 500
Total tax
16 639
19 592
16 836
16 655
After tax
22 861
19 908
22 664
22 845
Living cost
20 752
20 752
20 752
20 752
Free-cash
2 109
-844
1 912
2 093

Estimated living cost  is ₴20752 per week

₴14044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴22635
₴21191
₴17333
₴18441
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
562
social contributions
-
-
-
8 690
total
-
-
-
9 252
Employee
13 813
-
34 199
-
income
-
-
620
-
social contributions
898
-
2 223
-
total
898
-
2 843
-
Employer
13 813
-
34 199
-
social contributions
2 141
-
5 301
-
total
2 141
-
5 301
-
Corporate
23 546
39 500
-
-
income
2 355
3 950
-
-
total
2 355
3 950
-
-
Dividends
21 191
35 550
-
-
total
-
-
-
-
Income
39 500
39 500
39 500
39 500
Total tax
5 394
3 950
8 144
9 252
After tax
34 106
35 550
31 356
30 248
Living cost
12 915
12 915
12 915
12 915
Free-cash
21 191
22 635
18 441
17 333

Estimated living cost  is ₴12915 per week

₴8351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴54111
-₴54111
₴3995
-₴54111
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
municipal
-
-
-
7 175
pensions
-
-
-
372
national
-
-
-
4 136
labour market
-
-
-
3 130
total
-
-
-
14 813
Employee
87 336
87 336
87 336
-
labour market
6 977
6 977
6 977
-
national
10 670
10 670
10 670
-
municipal
18 598
18 598
18 598
-
pensions
124
124
124
-
total
36 369
36 369
36 369
-
Employer
87 336
87 336
87 336
-
labour market
6 987
6 987
6 987
-
municipal
18 627
18 627
18 627
-
pensions
248
248
248
-
national
10 688
10 688
10 688
-
total
36 550
36 550
36 550
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
39 500
39 500
39 500
39 500
Total tax
72 919
72 919
72 919
14 813
After tax
-33 419
-33 419
-33 419
24 687
Living cost
20 692
20 692
20 692
20 692
Free-cash
-54 111
-54 111
-54 111
3 995

Estimated living cost  is ₴20692 per week

₴14162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4381
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6091
₴1775
₴17841
₴10901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
accident
-
-
-
108
income
-
-
-
9 383
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
12 368
Employee
14 615
-
33 402
-
health
1 674
-
3 824
-
income
2 005
-
6 116
-
pensions
1 646
-
3 270
-
total
5 325
-
13 210
-
Employer
14 615
-
33 402
-
accident
244
-
558
-
unemployment
358
-
818
-
pensions
2 376
-
4 722
-
total
2 978
-
6 098
-
Corporate
21 906
39 500
-
-
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.

19 715
35 550
-
-
total
19 715
35 550
-
-
Dividends
2 191
3 950
-
-
withholding
416
750
-
-
total
416
750
-
-
Income
39 500
39 500
39 500
39 500
Total tax
28 434
36 300
19 308
12 368
After tax
11 066
3 200
20 192
27 132
Living cost
9 291
9 291
9 291
9 291
Free-cash
1 775
-6 091
10 901
17 841

Estimated living cost  is ₴9291 per week

₴6763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴530
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴10032
₴8739
₴11941
₴6313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
39 500
municipal
-
-
-
7 033
health
-
-
-
429
national
-
-
-
3 601
total
-
-
-
11 063
Employee
22 605
-
33 229
-
health
169
-
333
-
municipal
3 702
-
5 428
-
pensions
1 526
-
2 243
-
unemployment
339
-
498
-
national
373
-
1 919
-
total
6 109
-
10 421
-
Employer
22 605
-
33 229
-
accident
23
-
33
-
unemployment
147
-
216
-
pensions
3 922
-
5 765
-
health
174
-
256
-
total
4 266
-
6 270
-
Corporate
12 630
39 500
-
-
income
2 526
7 900
-
-
total
2 526
7 900
-
-
Dividends

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

7 578
23 700
-
-
national
-
806
-
-
municipal
1 364
4 266
-
-
total
1 364
5 072
-
-
Income
39 500
39 500
39 500
39 500
Total tax
14 265
12 972
16 691
11 063
After tax
25 235
26 528
22 809
28 437
Living cost
16 496
16 496
16 496
16 496
Free-cash
8 739
10 032
6 313
11 941

Estimated living cost  is ₴16496 per week

₴10775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴18985
₴16648
₴18546
₴18506
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
3 837
health
-
-
-
1 007
social contributions
-
-
-
6 162
total
-
-
-
11 006
Employee
33 038
33 038
35 860
-
social contributions
1 249
2 742
2 976
-
health
256
562
610
-
income
3 597
3 058
3 820
-
total
5 102
6 362
7 406
-
Employer
33 038
33 038
35 860
-
social contributions
1 249
2 742
2 976
-
health
278
612
664
-
total
1 527
3 354
3 640
-
Corporate
22 923
3 108
-
-
income
2 865
389
-
-
total
2 865
389
-
-
Dividends
20 058
2 719
-
-
withholding
3 410
462
-
-
total
3 410
462
-
-
Income
39 500
39 500
39 500
39 500
Total tax
12 904
10 567
11 046
11 006
After tax
26 596
28 933
28 454
28 494
Living cost
9 948
9 948
9 948
9 948
Free-cash
16 648
18 985
18 506
18 546

Estimated living cost  is ₴9948 per week

₴5962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴25888
₴23703
₴24658
₴17552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
39 500
income
-
-
-
3 720
pensions
-
-
-
2 733
unemployment
-
-
-
12
health
-
-
-
1 555
total
-
-
-
8 020
Employee

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

9 862
-
35 811
-
health
838
-
3 044
-
income
674
-
2 842
-
pensions
1 479
-
5 372
-
unemployment
49
-
179
-
total
3 040
-
11 437
-
Employer

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

9 862
-
35 811
-
unemployment
49
-
179
-
pensions
542
-
1 970
-
health
424
-
1 540
-
total
1 015
-
3 689
-
Corporate
28 623
39 500
-
-
income
2 576
3 555
-
-
total
2 576
3 555
-
-
Dividends
26 047
35 945
-
-
withholding
2 344
3 235
-
-
total
2 344
3 235
-
-
Income
39 500
39 500
39 500
39 500
Total tax
8 975
6 790
15 126
8 020
After tax
30 525
32 710
24 374
31 480
Living cost
6 822
6 822
6 822
6 822
Free-cash
23 703
25 888
17 552
24 658

Estimated living cost  is ₴6822 per week

₴4352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴14807
₴12554
₴9037
₴9317
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
accident
-
-
-
355
income
-
-
-
6 800
pensions
-
-
-
11 178
other
-
-
-
39
unemployment
-
-
-
276
total
-
-
-
18 648
Employee
15 887
-
29 951
-
other
15
-
30
-
income
3 063
-
6 919
-
pensions
747
-
1 408
-
unemployment
246
-
464
-
total
4 071
-
8 821
-
Employer
15 887
-
29 951
-
accident
315
-
593
-
other
127
-
239
-
unemployment
874
-
1 647
-
pensions
3 749
-
7 068
-
total
5 065
-
9 547
-
Corporate
18 548
39 500
-
-
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.

2 782
5 925
-
-
total
2 782
5 925
-
-
Dividends
15 766
33 575
-
-
withholding
3 213
6 953
-
-
total
3 213
6 953
-
-
Income
39 500
39 500
39 500
39 500
Total tax
15 131
12 878
18 368
18 648
After tax
24 369
26 622
21 132
20 852
Living cost
11 815
11 815
11 815
11 815
Free-cash
12 554
14 807
9 317
9 037

Estimated living cost  is ₴11815 per week

₴7975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2497
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23471
₴23278
₴23808
₴23723
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
13 035
pensions
-
-
-
858
health
-
-
-
622
total
-
-
-
14 515
Employee
1 792
-
38 534
-
health
90
-
215
-
income
347
-
12 990
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
616
-
13 634
-
Employer
1 792
-
38 534
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
408
-
total
403
-
966
-
Corporate
37 304
39 500
-
-
income
8 207
8 690
-
-
total
8 207
8 690
-
-
Dividends
29 097
30 810
-
-
withholding
5 819
6 162
-
-
total
5 819
6 162
-
-
Income
39 500
39 500
39 500
39 500
Total tax
15 045
14 852
14 600
14 515
After tax
24 455
24 648
24 900
24 985
Living cost
1 177
1 177
1 177
1 177
Free-cash
23 278
23 471
23 723
23 808

Estimated living cost  is ₴1177 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
₴21109
₴18995
₴13049
₴13049
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
39 500
income
-
-
-
7 020
pensions
-
-
-
8 255
unemployment
-
-
-
476
health
-
-
-
3 270
total
-
-
-
19 021
Employee

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

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

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

11 204
-
33 816
-
health
577
-
1 635
-
income
1 544
-
7 020
-
pensions
1 569
-
4 445
-
unemployment
84
-
238
-
total
3 774
-
13 338
-
Employer

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

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

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

11 204
-
33 816
-
unemployment
84
-
238
-
pensions
1 344
-
3 810
-
health
577
-
1 635
-
total
2 005
-
5 683
-
Corporate
26 290
39 500
-
-
income
3 944
5 925
-
-
total
3 944
5 925
-
-
Dividends
22 347
33 575
-
-
withholding
3 352
5 036
-
-
total
3 352
5 036
-
-
Income
39 500
39 500
39 500
39 500
Total tax
13 075
10 961
19 021
19 021
After tax
26 425
28 539
20 479
20 479
Living cost
7 430
7 430
7 430
7 430
Free-cash
18 995
21 109
13 049
13 049

Estimated living cost  is ₴7430 per week

₴5003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴10885
₴10729
₴10631
₴8767
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
39 500
income
-
-
-
3 560
surtax
-
-
-
-
social contributions

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

-
-
-
13 726
total
-
-
-
17 286
Employee
16 676
-
31 919
-
social contributions
1 835
-
3 511
-
surtax
-
-
-
-
income
3 258
-
8 058
-
total
5 093
-
11 569
-
Employer
16 676
-
31 919
-
social contributions
3 960
-
7 581
-
total
3 960
-
7 581
-
Corporate
18 864
39 500
-
-
surtax
-
-
-
-
income
3 962
8 295
-
-
total
3 962
8 295
-
-
Dividends
14 902
31 205
-
-
withholding
4 173
8 737
-
-
total
4 173
8 737
-
-
Income
39 500
39 500
39 500
39 500
Total tax
17 188
17 032
19 150
17 286
After tax
22 312
22 468
20 350
22 214
Living cost
11 583
11 583
11 583
11 583
Free-cash
10 729
10 885
8 767
10 631

Estimated living cost  is ₴11583 per week

₴8204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11522
₴8246
₴5752
₴6032
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
accident
-
-
-
355
income
-
-
-
6 800
pensions
-
-
-
11 178
other
-
-
-
39
unemployment
-
-
-
276
total
-
-
-
18 648
Employee
20 750
-
29 951
-
other
20
-
30
-
income
4 334
-
6 919
-
pensions
975
-
1 408
-
unemployment
321
-
464
-
total
5 650
-
8 821
-
Employer
20 750
-
29 951
-
accident
411
-
593
-
other
166
-
239
-
unemployment
1 141
-
1 647
-
pensions
4 897
-
7 068
-
total
6 615
-
9 547
-
Corporate
12 134
39 500
-
-
income

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

1 820
5 925
-
-
total
1 820
5 925
-
-
Dividends
10 314
33 575
-
-
withholding
2 069
6 953
-
-
total
2 069
6 953
-
-
Income
39 500
39 500
39 500
39 500
Total tax
16 154
12 878
18 368
18 648
After tax
23 346
26 622
21 132
20 852
Living cost
15 100
15 100
15 100
15 100
Free-cash
8 246
11 522
6 032
5 752

Estimated living cost  is ₴15100 per week

₴10844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴26383
₴23764
₴22178
₴23337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
5 925
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
9 932
Employee
9 786
-
36 556
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
979
-
3 656
-
pensions

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

859
-
1 318
-
total
2 396
-
5 829
-
Employer
9 786
-
36 556
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 654
-
health
675
-
1 035
-
total
1 920
-
2 944
-
Corporate
27 794
39 500
-
-
income
2 779
3 950
-
-
total
2 779
3 950
-
-
Dividends
25 015
35 550
-
-
withholding
1 251
1 777
-
-
total
1 251
1 777
-
-
Income
39 500
39 500
39 500
39 500
Total tax
8 346
5 727
8 773
9 932
After tax
31 154
33 773
30 727
29 568
Living cost
7 390
7 390
7 390
7 390
Free-cash
23 764
26 383
23 337
22 178

Estimated living cost  is ₴7390 per week

₴4888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴3800
₴9421
₴9127
₴11929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
39 500
trade
-
-
-
2 802
income

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

-
-
-
7 628
health

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

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

-
-
-
2 935
surtax

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

-
-
-
420
total
-
-
-
13 785
Employee

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

21 378
-
39 500
-
health

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

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

2 935
-
2 935
-
surtax

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

97
-
420
-
income

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

1 758
-
7 628
-
total
4 790
-
10 983
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
18 122
39 500
-
-
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.

149
326
-
-
income
2 718
5 925
-
-
trade
2 600
5 668
-
-
chamber of commerce
92
123
-
-
total
5 559
12 042
-
-
Dividends
12 562
27 457
-
-
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.

164
369
-
-
withholding
2 978
6 701
-
-
total
3 142
7 070
-
-
Income
39 500
39 500
39 500
39 500
Total tax
13 491
19 112
10 983
13 785
After tax
26 009
20 388
28 517
25 715
Living cost
16 588
16 588
16 588
16 588
Free-cash
9 421
3 800
11 929
9 127

Estimated living cost  is ₴16588 per week

₴11443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₴3174
₴4124
₴2887
₴2887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
8 698
social contributions
-
-
-
3 440
total
-
-
-
12 138
Employee
33 608
-
39 500
-
income
6 342
-
8 698
-
social contributions
2 792
-
3 440
-
total
9 134
-
12 138
-
Employer
33 608
-
39 500
-
total
-
-
-
-
Corporate
5 892
39 500
-
-
income
736
4 938
-
-
total
736
4 938
-
-
Dividends
5 155
34 562
-
-
withholding
1 031
6 913
-
-
total
1 031
6 913
-
-
Income
39 500
39 500
39 500
39 500
Total tax
10 901
11 851
12 138
12 138
After tax
28 599
27 649
27 362
27 362
Living cost
24 475
24 475
24 475
24 475
Free-cash
4 124
3 174
2 887
2 887

Estimated living cost  is ₴24475 per week

₴18620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₴7809
₴9843
₴8795
₴13361
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
39 500
income
-
-
-
12 230
health

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

-
-
-
2 879
total
-
-
-
15 109
Employee
19 710
-
37 524
-
income
2 139
-
6 591
-
social contributions
1 975
-
1 976
-
total
4 114
-
8 567
-
Employer
19 710
-
37 524
-
social contributions
1 975
-
1 976
-
total
1 975
-
1 976
-
Corporate
17 815
39 500
-
-
income
6 235
13 825
-
-
total
6 235
13 825
-
-
Dividends
11 580
25 675
-
-
social contributions
1 737
2 270
-
-
total
1 737
2 270
-
-
Income
39 500
39 500
39 500
39 500
Total tax
14 061
16 095
10 543
15 109
After tax
25 439
23 405
28 957
24 391
Living cost
15 596
15 596
15 596
15 596
Free-cash
9 843
7 809
13 361
8 795

Estimated living cost  is ₴15596 per week

₴10273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1230
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴13653
₴11232
₴13144
₴8909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
income
-
-
-
7 576
pensions
-
-
-
2 838
total
-
-
-
10 414
Employee
21 882
-
34 840
-
health
285
-
551
-
income
3 985
-
6 213
-
pensions
1 670
-
3 225
-
total
5 940
-
9 989
-
Employer
21 882
-
34 840
-
pensions
2 211
-
3 998
-
health
416
-
662
-
total
2 627
-
4 660
-
Corporate
14 991
39 500
-
-
income

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

2 848
7 505
-
-
total
2 848
7 505
-
-
Dividends
12 143
31 995
-
-
withholding
911
2 400
-
-
total
911
2 400
-
-
Income
39 500
39 500
39 500
39 500
Total tax
12 326
9 905
14 649
10 414
After tax
27 174
29 595
24 851
29 086
Living cost
15 942
15 942
15 942
15 942
Free-cash
11 232
13 653
8 909
13 144

Estimated living cost  is ₴15942 per week

₴10936
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3339
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴7011
₴1633
₴16921
₴9981
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
accident
-
-
-
108
income
-
-
-
9 383
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
12 368
Employee
16 062
-
33 402
-
health
1 839
-
3 824
-
income
2 204
-
6 116
-
pensions
1 809
-
3 270
-
total
5 852
-
13 210
-
Employer
16 062
-
33 402
-
accident
268
-
558
-
unemployment
393
-
818
-
pensions
2 612
-
4 722
-
total
3 273
-
6 098
-
Corporate
20 165
39 500
-
-
income

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

18 148
35 550
-
-
total
18 148
35 550
-
-
Dividends
2 016
3 950
-
-
withholding
383
750
-
-
total
383
750
-
-
Income
39 500
39 500
39 500
39 500
Total tax
27 656
36 300
19 308
12 368
After tax
11 844
3 200
20 192
27 132
Living cost
10 211
10 211
10 211
10 211
Free-cash
1 633
-7 011
9 981
16 921

Estimated living cost  is ₴10211 per week

₴7494
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴27772
₴25685
₴16869
₴18285
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
39 500
work injury
-
-
-
198
health insurance
-
-
-
2 923
income
-
-
-
5 965
pensions
-
-
-
7 268
unemployment
-
-
-
474
total
-
-
-
16 828
Employee

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

9 285
-
39 500
-
work injury
46
-
172
-
income
928
-
5 965
-
pensions
1 708
-
6 321
-
health insurance
687
-
2 542
-
unemployment
111
-
412
-
total
3 480
-
15 412
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
30 215
39 500
-
-
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
30 215
39 500
-
-
withholding
4 532
5 925
-
-
total
4 532
5 925
-
-
Income
39 500
39 500
39 500
39 500
Total tax
8 012
5 925
15 412
16 828
After tax
31 488
33 575
24 088
22 672
Living cost
5 803
5 803
5 803
5 803
Free-cash
25 685
27 772
18 285
16 869

Estimated living cost  is ₴5803 per week

₴3595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₴3690
₴1735
₴3055
₴1247
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
39 500
municipal
-
-
-
264
regional
-
-
-
757
national
-
-
-
8 149
social contributions
-
-
-
10 159
total
-
-
-
19 329
Employee
36 205
-
39 500
-
social contributions
12 208
-
13 320
-
regional
547
-
633
-
municipal
216
-
236
-
national
6 118
-
6 948
-
total
19 089
-
21 137
-
Employer
36 205
-
39 500
-
total
-
-
-
-
Corporate
3 295
39 500
-
-
nationa
791
9 480
-
-
municipal
159
1 904
-
-
total
950
11 384
-
-
Dividends
2 345
28 116
-
-
withholding
610
7 310
-
-
total
610
7 310
-
-
Income
39 500
39 500
39 500
39 500
Total tax
20 649
18 694
21 137
19 329
After tax
18 851
20 806
18 363
20 171
Living cost
17 116
17 116
17 116
17 116
Free-cash
1 735
3 690
1 247
3 055

Estimated living cost  is ₴17116 per week

₴12023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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