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
₴ 40000
per

Your estimated
City
free-cash

Dresden , Germany
₴7259
₴11996
₴12670
₴15833
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
trade
-
-
-
3 163
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.

-
-
-
7 837
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.

-
-
-
2 926
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.

-
-
-
431
total
-
-
-
14 357
Employee

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

16 382
-
40 000
-
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.

2 926
-
2 926
-
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
-
431
-
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.

458
-
7 837
-
total
3 409
-
11 194
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
23 618
40 000
-
-
surtax

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

195
330
-
-
income
3 543
6 000
-
-
trade
3 720
6 300
-
-
chamber of commerce
99
123
-
-
total
7 557
12 753
-
-
Dividends
16 060
27 247
-
-
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.

212
366
-
-
withholding
3 853
6 649
-
-
total
4 065
7 015
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 031
19 768
11 194
14 357
After tax
24 969
20 232
28 806
25 643
Living cost
12 973
12 973
12 973
12 973
Free-cash
11 996
7 259
15 833
12 670

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3317
₴2956
₴2590
₴2905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
municipal
-
-
-
4 133
pensions
-
-
-
4 800
national
-
-
-
6 404
social contributions
-
-
-
430
total
-
-
-
15 767
Employee
33 550
-
34 580
-
municipal
4 144
-
4 287
-
pensions
1 342
-
1 383
-
national
6 422
-
6 644
-
total
11 908
-
12 314
-
Employer
33 550
-
34 580
-
social contributions
361
-
372
-
pensions
2 684
-
2 766
-
total
3 045
-
3 138
-
Corporate
1 190
40 000
-
-
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%.

238
8 000
-
-
total
238
8 000
-
-
Dividends
952
32 000
-
-
withholding
210
7 040
-
-
total
210
7 040
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 401
15 040
15 452
15 767
After tax
24 599
24 960
24 548
24 233
Living cost
21 643
21 643
21 643
21 643
Free-cash
2 956
3 317
2 905
2 590

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
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.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23089
₴19575
₴12475
₴13668
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
microenterprise
-
-
-
-
income
-
-
-
5 754
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.

-
-
-
12 860
total
-
-
-
18 614
Employee
12 515
-
32 234
-
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.

1 377
-
3 545
-
surtax
-
-
-
-
income
2 228
-
6 110
-
total
3 605
-
9 655
-
Employer
12 515
-
32 234
-
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.

3 015
-
7 766
-
surtax
-
-
-
-
total
3 015
-
7 766
-
Corporate
24 470
40 000
-
-
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%.

4 894
8 000
-
-
total
4 894
8 000
-
-
Dividends

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

19 576
32 000
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
11 514
8 000
17 421
18 614
After tax
28 486
32 000
22 579
21 386
Living cost
8 911
8 911
8 911
8 911
Free-cash
19 575
23 089
13 668
12 475

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
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.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴128
-₴2533
₴4778
-₴2533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
7 291
pensions
-
-
-
5 018
health
-
-
-
4 970
total
-
-
-
17 279
Employee
36 576
36 576
36 576
-
health
5 614
4 775
5 614
-
income

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

5 987
5 987
5 987
-
pensions
6 584
5 018
6 584
-
total
18 185
15 780
18 185
-
Employer
36 576
36 576
36 576
-
unemployment
1 317
1 317
1 317
-
pensions
2 546
2 546
2 546
-
health
2 542
2 542
2 542
-
total
6 405
6 405
6 405
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
24 590
22 185
24 590
17 279
After tax
15 410
17 815
15 410
22 721
Living cost
17 943
17 943
17 943
17 943
Free-cash
-2 533
-128
-2 533
4 778

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
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.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5292
₴4921
₴4150
₴4812
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
municipal
-
-
-
8 795
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
-
total
-
-
-
19 302
Employee
23 580
-
30 437
-
municipal
7 032
-
9 076
-
national
-
-
-
-
total
7 032
-
9 076
-
Employer
23 580
-
30 437
-
accident
47
-
61
-
other
2 740
-
3 537
-
unemployment
622
-
804
-
pensions
2 549
-
3 290
-
health
1 450
-
1 872
-
total
7 408
-
9 564
-
Corporate
9 011
40 000
-
-
income
1 982
8 800
-
-
total
1 982
8 800
-
-
Dividends
7 029
31 200
-
-
withholding
2 109
9 360
-
-
total
2 109
9 360
-
-
Income
40 000
40 000
40 000
40 000
Total tax
18 531
18 160
18 640
19 302
After tax
21 469
21 840
21 360
20 698
Living cost
16 548
16 548
16 548
16 548
Free-cash
4 921
5 292
4 812
4 150

Estimated living cost  is ₴16548 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
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.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴3200
₴9219
₴8676
₴11980
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
trade
-
-
-
3 304
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.

-
-
-
7 837
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.

-
-
-
2 926
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.

-
-
-
431
total
-
-
-
14 498
Employee

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

21 721
-
40 000
-
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.

2 926
-
2 926
-
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.

102
-
431
-
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.

1 866
-
7 837
-
total
4 894
-
11 194
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
18 279
40 000
-
-
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.

151
330
-
-
income
2 742
6 000
-
-
trade
3 007
6 580
-
-
chamber of commerce
91
122
-
-
total
5 991
13 032
-
-
Dividends
12 289
26 968
-
-
surtax

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

160
362
-
-
withholding
2 910
6 580
-
-
total
3 070
6 942
-
-
Income
40 000
40 000
40 000
40 000
Total tax
13 955
19 974
11 194
14 498
After tax
26 045
20 026
28 806
25 502
Living cost
16 826
16 826
16 826
16 826
Free-cash
9 219
3 200
11 980
8 676

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
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.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15404
₴13628
₴14870
₴14829
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 978
health
-
-
-
1 020
social contributions
-
-
-
6 240
total
-
-
-
11 238
Employee
32 935
32 935
36 314
-
social contributions
1 600
2 733
3 014
-
health
328
560
618
-
income
3 458
3 049
3 961
-
total
5 386
6 342
7 593
-
Employer
32 935
32 935
36 314
-
social contributions
1 600
2 733
3 014
-
health
357
610
672
-
total
1 957
3 343
3 686
-
Corporate
18 764
3 722
-
-
income
2 346
465
-
-
total
2 346
465
-
-
Dividends
16 418
3 257
-
-
withholding
2 791
554
-
-
total
2 791
554
-
-
Income
40 000
40 000
40 000
40 000
Total tax
12 480
10 704
11 279
11 238
After tax
27 520
29 296
28 721
28 762
Living cost
13 892
13 892
13 892
13 892
Free-cash
13 628
15 404
14 829
14 870

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
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.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14761
₴14923
₴19927
₴15406
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
4 890
pensions
-
-
-
4 000
unemployment
-
-
-
600
health
-
-
-
2 800
total
-
-
-
12 290
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.

11 234
4 471
33 473
-
health
786
313
2 343
-
income
1 373
547
4 092
-
pensions
1 123
447
3 347
-
unemployment
169
67
502
-
total
3 451
1 374
10 284
-
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.

11 234
4 471
33 473
-
pensions
2 191
872
6 527
-
total
2 191
872
6 527
-
Corporate
26 575
34 657
-
-
income
2 392
3 119
-
-
total
2 392
3 119
-
-
Dividends
24 183
31 538
-
-
social contributions
4 665
6 099
-
-
withholding
4 595
5 992
-
-
total
9 260
12 091
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 294
17 456
16 811
12 290
After tax
22 706
22 544
23 189
27 710
Living cost
7 783
7 783
7 783
7 783
Free-cash
14 923
14 761
15 406
19 927

Estimated living cost  is ₴7783 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21655
₴18995
₴11095
₴12711
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
5 360
pensions
-
-
-
8 000
health
-
-
-
5 200
total
-
-
-
18 560
Employee
12 151
-
29 895
-
income
1 368
-
5 764
-
pensions
243
-
598
-
unemployment
194
-
478
-
total
1 805
-
6 840
-
Employer
12 151
-
29 895
-
unemployment
98
-
239
-
pensions
2 430
-
5 979
-
health
1 579
-
3 886
-
total
4 107
-
10 104
-
Corporate
23 742
40 000
-
-
income
4 748
8 000
-
-
total
4 748
8 000
-
-
Dividends
18 994
32 000
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
10 660
8 000
16 944
18 560
After tax
29 340
32 000
23 056
21 440
Living cost
10 345
10 345
10 345
10 345
Free-cash
18 995
21 655
12 711
11 095

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6126
₴1804
₴18104
₴11132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
108
income
-
-
-
9 565
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
12 530
Employee
14 734
-
33 912
-
health
1 687
-
3 883
-
income
2 021
-
6 283
-
pensions
1 659
-
3 248
-
total
5 367
-
13 414
-
Employer
14 734
-
33 912
-
accident
246
-
566
-
unemployment
361
-
831
-
pensions
2 396
-
4 691
-
total
3 003
-
6 088
-
Corporate
22 263
40 000
-
-
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.

20 037
36 000
-
-
total
20 037
36 000
-
-
Dividends
2 226
4 000
-
-
withholding
423
760
-
-
total
423
760
-
-
Income
40 000
40 000
40 000
40 000
Total tax
28 830
36 760
19 502
12 530
After tax
11 170
3 240
20 498
27 470
Living cost
9 366
9 366
9 366
9 366
Free-cash
1 804
-6 126
11 132
18 104

Estimated living cost  is ₴9366 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴195
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34147
₴33425
₴35747
₴28147
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
40 000
microenterprise

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

-
-
-
400
total
-
-
-
400
Employee
4 817
-
40 000
-
income
963
-
8 000
-
total
963
-
8 000
-
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%.

35 183
40 000
-
-
total
-
-
-
-
Dividends
35 183
40 000
-
-
withholding
1 759
2 000
-
-
total
1 759
2 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
2 722
2 000
8 000
400
After tax
37 278
38 000
32 000
39 600
Living cost
3 853
3 853
3 853
3 853
Free-cash
33 425
34 147
28 147
35 747

Estimated living cost  is ₴3853 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17975
₴15084
₴10246
₴12036
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
5 081
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.

-
-
-
9 600
other
-
-
-
1 900
health
-
-
-
1 760
total
-
-
-
18 341
Employee
15 552
-
31 950
-
health
218
-
447
-
income
2 677
-
5 500
-
pensions

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

1 088
-
2 236
-
unemployment
155
-
319
-
total
4 138
-
8 502
-
Employer
15 552
-
31 950
-
accident
124
-
255
-
other
778
-
1 597
-
unemployment
155
-
319
-
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.

2 644
-
5 431
-
health
218
-
447
-
total
3 919
-
8 049
-
Corporate
20 529
40 000
-
-
income
4 311
8 400
-
-
total
4 311
8 400
-
-
Dividends
16 218
31 600
-
-
withholding
1 135
2 212
-
-
total
1 135
2 212
-
-
Income
40 000
40 000
40 000
40 000
Total tax
13 503
10 612
16 551
18 341
After tax
26 497
29 388
23 449
21 659
Living cost
11 413
11 413
11 413
11 413
Free-cash
15 084
17 975
12 036
10 246

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
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.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1225
-₴6243
₴625
-₴3594
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
7 748
pensions
-
-
-
2 882
total
-
-
-
10 630
Employee
40 669
-
35 273
-
health
670
-
559
-
income
7 331
-
6 287
-
pensions
3 923
-
3 276
-
total
11 924
-
10 122
-
Employer
40 669
-
35 273
-
pensions
4 802
-
4 057
-
health
772
-
670
-
total
5 574
-
4 727
-
Corporate
-
40 000
-
-
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.

-
7 600
-
-
total
-
7 600
-
-
Dividends
-
32 400
-
-
withholding
-
2 430
-
-
total
-
2 430
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 498
10 030
14 849
10 630
After tax
22 502
29 970
25 151
29 370
Living cost
28 745
28 745
28 745
28 745
Free-cash
-6 243
1 225
-3 594
625

Estimated living cost  is ₴28745 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
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.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴28581
₴26591
₴24383
₴25569
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
6 000
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
9 998
Employee
7 440
-
37 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
3 706
-
pensions

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

653
-
1 314
-
total
1 821
-
5 874
-
Employer
7 440
-
37 063
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
31 100
40 000
-
-
income
3 110
4 000
-
-
total
3 110
4 000
-
-
Dividends
27 990
36 000
-
-
withholding
1 399
1 800
-
-
total
1 399
1 800
-
-
Income
40 000
40 000
40 000
40 000
Total tax
7 790
5 800
8 812
9 998
After tax
32 210
34 200
31 188
30 002
Living cost
5 619
5 619
5 619
5 619
Free-cash
26 591
28 581
25 569
24 383

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
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.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5936
-₴6663
-₴1030
-₴8341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
7 291
pensions
-
-
-
5 018
health
-
-
-
4 970
total
-
-
-
17 279
Employee
39 710
36 576
36 576
-
health
4 954
4 775
5 614
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
6 584
-
total
15 959
15 780
18 185
-
Employer
39 710
36 576
36 576
-
unemployment
1 430
1 317
1 317
-
pensions
2 764
2 546
2 546
-
health
2 759
2 542
2 542
-
total
6 953
6 405
6 405
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
22 912
22 185
24 590
17 279
After tax
17 088
17 815
15 410
22 721
Living cost
23 751
23 751
23 751
23 751
Free-cash
-6 663
-5 936
-8 341
-1 030

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17282
₴13622
₴9224
₴10040
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 438
health
-
-
-
5 400
solidarity contribution
-
-
-
-
social contributions
-
-
-
11 680
total
-
-
-
20 518
Employee
15 086
-
29 851
-
social contributions
981
-
1 940
-
health
2 037
-
4 030
-
solidarity contribution
-
-
-
-
income
1 810
-
3 582
-
total
4 828
-
9 552
-
Employer
15 086
-
29 851
-
social contributions
3 771
-
7 463
-
health
1 358
-
2 687
-
total
5 129
-
10 150
-
Corporate
19 785
40 000
-
-
income
3 759
7 600
-
-
total
3 759
7 600
-
-
Dividends
16 026
32 400
-
-
withholding
2 404
4 860
-
-
total
2 404
4 860
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 120
12 460
19 702
20 518
After tax
23 880
27 540
20 298
19 482
Living cost
10 258
10 258
10 258
10 258
Free-cash
13 622
17 282
10 040
9 224

Estimated living cost  is ₴10258 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
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.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴3269
₴1031
₴2666
₴762
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
municipal
-
-
-
237
regional
-
-
-
436
national
-
-
-
8 300
social contributions
-
-
-
10 288
total
-
-
-
19 261
Employee
38 066
-
40 000
-
social contributions
12 836
-
13 488
-
regional
359
-
381
-
municipal
202
-
212
-
national
6 596
-
7 084
-
total
19 993
-
21 165
-
Employer
38 066
-
40 000
-
total
-
-
-
-
Corporate
1 934
40 000
-
-
nationa
464
9 600
-
-
municipal
76
1 560
-
-
total
540
11 160
-
-
Dividends
1 395
28 840
-
-
withholding
363
7 498
-
-
total
363
7 498
-
-
Income
40 000
40 000
40 000
40 000
Total tax
20 896
18 658
21 165
19 261
After tax
19 104
21 342
18 835
20 739
Living cost
18 073
18 073
18 073
18 073
Free-cash
1 031
3 269
762
2 666

Estimated living cost  is ₴18073 per week

₴12598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15709
₴14376
₴11418
₴10646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
7 340
pensions
-
-
-
8 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 840
surtax
-
-
-
853
total
-
-
-
19 131
Employee
14 164
-
33 044
-
other
-
-
-
-
health
362
-
843
-
surtax
46
-
765
-
income
2 374
-
6 834
-
pensions
944
-
2 204
-
unemployment
986
-
2 300
-
total
4 712
-
12 946
-
Employer
14 164
-
33 044
-
other
-
-
-
-
unemployment
449
-
1 048
-
pensions
1 888
-
4 405
-
health
645
-
1 504
-
total
2 982
-
6 957
-
Corporate
22 855
40 000
-
-
income
5 942
10 400
-
-
total
5 942
10 400
-
-
Dividends
16 912
29 600
-
-
withholding
2 537
4 440
-
-
total
2 537
4 440
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 173
14 840
19 903
19 131
After tax
23 827
25 160
20 097
20 869
Living cost
9 451
9 451
9 451
9 451
Free-cash
14 376
15 709
10 646
11 418

Estimated living cost  is ₴9451 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10332
₴6951
₴9732
₴5513
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
7 748
pensions
-
-
-
2 882
total
-
-
-
10 630
Employee
27 256
-
35 273
-
health
396
-
559
-
income
4 909
-
6 287
-
pensions
2 313
-
3 276
-
total
7 618
-
10 122
-
Employer
27 256
-
35 273
-
pensions
2 950
-
4 057
-
health
518
-
670
-
total
3 468
-
4 727
-
Corporate
9 276
40 000
-
-
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.

1 762
7 600
-
-
total
1 762
7 600
-
-
Dividends
7 514
32 400
-
-
withholding
563
2 430
-
-
total
563
2 430
-
-
Income
40 000
40 000
40 000
40 000
Total tax
13 411
10 030
14 849
10 630
After tax
26 589
29 970
25 151
29 370
Living cost
19 638
19 638
19 638
19 638
Free-cash
6 951
10 332
5 513
9 732

Estimated living cost  is ₴19638 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
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.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴14081
-₴1493
₴1097
-₴939
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
city
-
-
-
422
pensions
-
-
-
3 681
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.

-
-
-
800
regional
-
-
-
1 314
health
-
-
-
106
national
-
-
-
208
total
-
-
-
6 531
Employee
37 883
-
35 802
-
city
407
-
385
-
regional
1 240
-
1 127
-
health
86
-
81
-
pensions
3 183
-
3 007
-
unemployment
-
-
-
-
national
179
-
163
-
total
5 095
-
4 763
-
Employer
37 883
-
35 802
-
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.

757
-
716
-
unemployment
-
-
-
-
pensions
3 183
-
3 007
-
health
86
-
81
-
total
4 026
-
3 804
-
Corporate
-
40 000
-
-
regional
-
8 460
-
-
national
-
3 400
-
-
total
-
11 860
-
-
Dividends
-
28 141
-
-
withholding
-
9 849
-
-
total
-
9 849
-
-
Income
40 000
40 000
40 000
40 000
Total tax
9 121
21 709
8 567
6 531
After tax
30 879
18 291
31 433
33 469
Living cost
32 372
32 372
32 372
32 372
Free-cash
-1 493
-14 081
-939
1 097

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴200
₴7146
₴5740
₴9185
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
trade
-
-
-
3 445
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.

-
-
-
7 837
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.

-
-
-
2 926
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.

-
-
-
431
total
-
-
-
14 639
Employee

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

25 741
-
40 000
-
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.

2 926
-
2 926
-
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
-
431
-
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.

3 027
-
7 837
-
total
6 120
-
11 194
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
14 259
40 000
-
-
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.

118
330
-
-
income
2 138
6 000
-
-
trade
2 446
6 860
-
-
chamber of commerce
85
121
-
-
total
4 787
13 311
-
-
Dividends
9 472
26 689
-
-
surtax

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

121
358
-
-
withholding
2 205
6 510
-
-
total
2 326
6 868
-
-
Income
40 000
40 000
40 000
40 000
Total tax
13 233
20 179
11 194
14 639
After tax
26 767
19 821
28 806
25 361
Living cost
19 621
19 621
19 621
19 621
Free-cash
7 146
200
9 185
5 740

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5506
₴8036
₴8461
₴8225
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 409
pensions
-
-
-
10 511
other
-
-
-
1 241
health
-
-
-
584
surtax
-
-
-
-
social contributions
-
-
-
1 140
total
-
-
-
16 885
Employee
18 331
-
30 480
-
social contributions
523
-
868
-
surtax
-
-
-
-
income
1 082
-
3 288
-
pensions
2 073
-
3 446
-
total
3 678
-
7 602
-
Employer
18 331
-
30 480
-
other
632
-
1 052
-
social contributions
55
-
91
-
unemployment
742
-
1 235
-
pensions
3 011
-
5 007
-
health
1 283
-
2 134
-
total
5 723
-
9 519
-
Corporate
15 944
40 000
-
-
surtax
-
-
-
-
income
4 465
11 200
-
-
total
4 465
11 200
-
-
Dividends
11 480
28 800
-
-
surtax
-
-
-
-
social contributions
1 974
4 954
-
-
withholding
1 470
3 686
-
-
total
3 444
8 640
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 310
19 840
17 121
16 885
After tax
22 690
20 160
22 879
23 115
Living cost
14 654
14 654
14 654
14 654
Free-cash
8 036
5 506
8 225
8 461

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
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.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6958
₴9336
₴9913
₴9677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 409
pensions
-
-
-
10 511
other
-
-
-
1 241
health
-
-
-
584
surtax
-
-
-
-
social contributions
-
-
-
1 140
total
-
-
-
16 885
Employee
16 363
-
30 480
-
social contributions
467
-
868
-
surtax
-
-
-
-
income
844
-
3 288
-
pensions
1 851
-
3 446
-
total
3 162
-
7 602
-
Employer
16 363
-
30 480
-
other
565
-
1 052
-
social contributions
49
-
91
-
unemployment
662
-
1 235
-
pensions
2 689
-
5 007
-
health
1 145
-
2 134
-
total
5 110
-
9 519
-
Corporate
18 527
40 000
-
-
surtax
-
-
-
-
income
5 187
11 200
-
-
total
5 187
11 200
-
-
Dividends
13 339
28 800
-
-
surtax
-
-
-
-
social contributions
2 295
4 954
-
-
withholding
1 708
3 686
-
-
total
4 003
8 640
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 462
19 840
17 121
16 885
After tax
22 538
20 160
22 879
23 115
Living cost
13 202
13 202
13 202
13 202
Free-cash
9 336
6 958
9 677
9 913

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
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.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15322
₴15543
₴16606
₴16822
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
6 000
health
-
-
-
2 792
social contributions
-
-
-
5 520
total
-
-
-
14 312
Employee
14 522
-
40 000
-
social contributions
2 004
-
5 520
-
health
1 014
-
2 792
-
income
2 422
-
5 784
-
total
5 440
-
14 096
-
Employer
14 522
-
40 000
-
total
-
-
-
-
Corporate
25 478
40 000
-
-
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%.

1 274
2 000
-
-
total
1 274
2 000
-
-
Dividends
24 204
38 000
-
-
health
1 690
2 652
-
-
social contributions
3 340
5 244
-
-
withholding
3 631
5 700
-
-
total
8 661
13 596
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 375
15 596
14 096
14 312
After tax
24 625
24 404
25 904
25 688
Living cost
9 082
9 082
9 082
9 082
Free-cash
15 543
15 322
16 822
16 606

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
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.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7378
₴6716
₴5393
-₴2592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
chamber of commerce
-
-
-
160
income
-
-
-
6 183
pensions
-
-
-
7 400
unemployment
-
-
-
2 627
health
-
-
-
3 060
surtax
-
-
-
85
total
-
-
-
19 515
Employee
21 405
17 069
30 995
-
other
214
171
310
-
health
828
661
1 200
-
income
2 437
1 259
5 539
-
pensions
2 192
1 748
3 174
-
unemployment
642
512
930
-
total
6 313
4 351
11 153
-
Employer
21 405
17 069
30 995
-
accident
278
222
403
-
other
1 017
810
1 472
-
chamber of commerce
85
68
124
-
unemployment
642
512
930
-
surtax
85
85
85
-
pensions
2 686
2 143
3 890
-
payroll
642
512
930
-
health
809
645
1 171
-
total
6 244
4 997
9 005
-
Corporate
12 351
17 934
29 369
-
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.

3 088
4 483
7 342
-
total
3 088
4 483
7 342
-
Dividends
9 263
13 451
-
-
withholding
2 547
3 699
-
-
total
2 547
3 699
-
-
Income
40 000
40 000
40 000
40 000
Total tax
18 192
17 530
27 500
19 515
After tax
21 808
22 470
12 500
20 485
Living cost
15 092
15 092
15 092
15 092
Free-cash
6 716
7 378
-2 592
5 393

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6827
₴353
₴3516
₴146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
national
-
-
-
12 746
communal

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

-
-
-
2 034
social contributions
-
-
-
6 087
total
-
-
-
20 867
Employee

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

30 637
-
30 982
-
communal

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

1 598
-
1 616
-
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.

1 439
-
1 456
-
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.

2 298
-
2 324
-
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
-
270
-
national
9 419
-
9 553
-
total
15 021
-
15 219
-
Employer

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

30 637
-
30 982
-
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.

398
-
402
-
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.

447
-
453
-
surtax
3 474
-
3 513
-
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.

2 715
-
2 745
-
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.

1 884
-
1 905
-
total
8 918
-
9 018
-
Corporate
444
40 000
-
-
surtax
2
160
-
-
income
89
8 000
-
-
total
91
8 160
-
-
Dividends
354
31 840
-
-
withholding

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

-
9 396
-
-
total
-
9 396
-
-
Income
40 000
40 000
40 000
40 000
Total tax
24 030
17 556
24 237
20 867
After tax
15 970
22 444
15 763
19 133
Living cost
15 617
15 617
15 617
15 617
Free-cash
353
6 827
146
3 516

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11490
₴8078
₴5685
₴5906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
358
income
-
-
-
6 936
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
18 847
Employee
21 320
-
30 330
-
other
21
-
30
-
income
4 498
-
7 030
-
pensions
1 002
-
1 426
-
unemployment
331
-
470
-
total
5 852
-
8 956
-
Employer
21 320
-
30 330
-
accident
422
-
601
-
other
170
-
243
-
unemployment
1 173
-
1 668
-
pensions
5 031
-
7 158
-
total
6 796
-
9 670
-
Corporate
11 884
40 000
-
-
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.

1 782
6 000
-
-
total
1 782
6 000
-
-
Dividends
10 101
34 000
-
-
withholding
2 024
7 042
-
-
total
2 024
7 042
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 454
13 042
18 626
18 847
After tax
23 546
26 958
21 374
21 153
Living cost
15 468
15 468
15 468
15 468
Free-cash
8 078
11 490
5 906
5 685

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
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.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1289
-₴1491
-₴44
₴1830
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
337
income
-
-
-
3 114
pensions
-
-
-
5 995
health
-
-
-
2 811
surtax
-
-
-
1 983
communal
-
-
-
2 528
total
-
-
-
16 768
Employee
32 436
-
35 730
-
health
1 444
-
1 590
-
surtax
1 988
-
2 190
-
income
3 133
-
3 984
-
pensions
2 594
-
2 859
-
total
9 159
-
10 623
-
Employer
32 436
-
35 730
-
accident
292
-
322
-
pensions
2 594
-
2 859
-
health
989
-
1 090
-
total
3 875
-
4 271
-
Corporate
3 689
40 000
-
-
surtax
39
420
-
-
communal
-
2 700
-
-
income
554
6 000
-
-
total
593
9 120
-
-
Dividends
3 096
30 880
-
-
income
4 124
1 683
-
-
withholding
464
4 632
-
-
total
4 588
6 315
-
-
Income
40 000
40 000
40 000
40 000
Total tax
18 215
15 435
14 894
16 768
After tax
21 785
24 565
25 106
23 232
Living cost
23 276
23 276
23 276
23 276
Free-cash
-1 491
1 289
1 830
-44

Estimated living cost  is ₴23276 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15540
₴14178
₴11249
₴10477
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
7 340
pensions
-
-
-
8 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 840
surtax
-
-
-
853
total
-
-
-
19 131
Employee
14 424
-
33 044
-
other
-
-
-
-
health
368
-
843
-
surtax
51
-
765
-
income
2 418
-
6 834
-
pensions
962
-
2 204
-
unemployment
1 004
-
2 300
-
total
4 803
-
12 946
-
Employer
14 424
-
33 044
-
other
-
-
-
-
unemployment
458
-
1 048
-
pensions
1 923
-
4 405
-
health
656
-
1 504
-
total
3 037
-
6 957
-
Corporate
22 539
40 000
-
-
income
5 860
10 400
-
-
total
5 860
10 400
-
-
Dividends
16 679
29 600
-
-
withholding
2 502
4 440
-
-
total
2 502
4 440
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 202
14 840
19 903
19 131
After tax
23 798
25 160
20 097
20 869
Living cost
9 620
9 620
9 620
9 620
Free-cash
14 178
15 540
10 477
11 249

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
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.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9487
₴8536
₴9034
₴7140
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
municipal
-
-
-
237
regional
-
-
-
603
national
-
-
-
8 300
social contributions
-
-
-
10 288
total
-
-
-
19 428
Employee
23 759
-
40 000
-
social contributions
8 012
-
13 488
-
regional
320
-
538
-
municipal
126
-
212
-
national
3 764
-
7 084
-
total
12 222
-
21 322
-
Employer
23 759
-
40 000
-
total
-
-
-
-
Corporate
16 241
40 000
-
-
nationa
3 898
9 600
-
-
municipal
807
1 988
-
-
total
4 705
11 588
-
-
Dividends
11 536
28 412
-
-
withholding
2 999
7 387
-
-
total
2 999
7 387
-
-
Income
40 000
40 000
40 000
40 000
Total tax
19 926
18 975
21 322
19 428
After tax
20 074
21 025
18 678
20 572
Living cost
11 538
11 538
11 538
11 538
Free-cash
8 536
9 487
7 140
9 034

Estimated living cost  is ₴11538 per week

₴7175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
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.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14899
₴10390
₴6841
₴7657
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 438
health
-
-
-
5 400
solidarity contribution
-
-
-
-
social contributions
-
-
-
11 680
total
-
-
-
20 518
Employee
18 589
-
29 851
-
social contributions
1 208
-
1 940
-
health
2 510
-
4 030
-
solidarity contribution
-
-
-
-
income
2 231
-
3 582
-
total
5 949
-
9 552
-
Employer
18 589
-
29 851
-
social contributions
4 647
-
7 463
-
health
1 673
-
2 687
-
total
6 320
-
10 150
-
Corporate
15 090
40 000
-
-
income
2 867
7 600
-
-
total
2 867
7 600
-
-
Dividends
12 223
32 400
-
-
withholding
1 833
4 860
-
-
total
1 833
4 860
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 969
12 460
19 702
20 518
After tax
23 031
27 540
20 298
19 482
Living cost
12 641
12 641
12 641
12 641
Free-cash
10 390
14 899
7 657
6 841

Estimated living cost  is ₴12641 per week

₴9400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
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.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8851
₴8639
₴6905
-₴1149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
chamber of commerce
-
-
-
160
income
-
-
-
6 183
pensions
-
-
-
7 400
unemployment
-
-
-
2 627
health
-
-
-
3 060
surtax
-
-
-
-
total
-
-
-
19 430
Employee
18 723
17 069
31 061
-
other
187
171
310
-
health
724
661
1 202
-
income
1 668
1 259
5 563
-
pensions
1 917
1 748
3 181
-
unemployment
562
512
931
-
total
5 058
4 351
11 187
-
Employer
18 723
17 069
31 061
-
accident
243
222
404
-
other
889
810
1 475
-
chamber of commerce
75
68
124
-
unemployment
562
512
931
-
surtax
-
-
-
-
pensions
2 350
2 143
3 898
-
payroll
562
512
931
-
health
708
645
1 175
-
total
5 389
4 912
8 938
-
Corporate
15 889
18 019
29 435
-
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.

3 972
4 505
7 359
-
total
3 972
4 505
7 359
-
Dividends
11 917
13 514
-
-
withholding
3 277
3 716
-
-
total
3 277
3 716
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 696
17 484
27 484
19 430
After tax
22 304
22 516
12 516
20 570
Living cost
13 665
13 665
13 665
13 665
Free-cash
8 639
8 851
-1 149
6 905

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31995
₴30869
₴33595
₴25995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
40 000
microenterprise

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

-
-
-
400
total
-
-
-
400
Employee
7 506
-
40 000
-
income
1 501
-
8 000
-
total
1 501
-
8 000
-
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%.

32 494
40 000
-
-
total
-
-
-
-
Dividends
32 494
40 000
-
-
withholding
1 625
2 000
-
-
total
1 625
2 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
3 126
2 000
8 000
400
After tax
36 874
38 000
32 000
39 600
Living cost
6 005
6 005
6 005
6 005
Free-cash
30 869
31 995
25 995
33 595

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16052
₴12471
₴9331
₴8184
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income
-
-
-
7 880
pensions
-
-
-
7 305
unemployment
-
-
-
60
health
-
-
-
3 936
total
-
-
-
19 181
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.

18 940
-
34 610
-
health
1 223
-
2 236
-
income
3 266
-
7 289
-
pensions
2 936
-
5 365
-
unemployment
27
-
49
-
total
7 452
-
14 939
-
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.

18 940
-
34 610
-
unemployment
11
-
21
-
pensions
1 676
-
3 063
-
health
1 261
-
2 305
-
total
2 948
-
5 389
-
Corporate
18 111
40 000
-
-
income
3 441
7 600
-
-
total
3 441
7 600
-
-
Dividends
14 670
32 400
-
-
withholding
2 200
4 860
-
-
total
2 200
4 860
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 041
12 460
20 328
19 181
After tax
23 959
27 540
19 672
20 819
Living cost
11 488
11 488
11 488
11 488
Free-cash
12 471
16 052
8 184
9 331

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
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.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5840
-₴23915
₴9147
₴15865
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
7 797
social contributions
-
-
-
4 560
total
-
-
-
12 357
Employee
26 521
-
-
-
social contributions
2 175
-
310
-
income
5 850
-
-
-
total
8 025
-
310
-
Employer
26 521
-
-
-
social contributions
37 394
-
5 329
-
total
37 394
-
5 329
-
Corporate
-
40 000
-
-
income
-
8 800
-
-
total
-
8 800
-
-
Dividends
-
31 200
-
-
income
-
6 864
-
-
total
-
6 864
-
-
Income
40 000
40 000
40 000
40 000
Total tax
45 419
15 664
5 639
12 357
After tax
-5 419
24 336
34 361
27 643
Living cost
18 496
18 496
18 496
18 496
Free-cash
-23 915
5 840
15 865
9 147

Estimated living cost  is ₴18496 per week

₴12001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9317
₴8887
₴9045
₴7134
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income
-
-
-
3 620
surtax
-
-
-
-
social contributions

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

-
-
-
13 900
total
-
-
-
17 520
Employee
19 699
-
32 323
-
social contributions
2 167
-
3 555
-
surtax
-
-
-
-
income
4 097
-
8 199
-
total
6 264
-
11 754
-
Employer
19 699
-
32 323
-
social contributions
4 678
-
7 677
-
total
4 678
-
7 677
-
Corporate
15 622
40 000
-
-
surtax
-
-
-
-
income
3 280
8 400
-
-
total
3 280
8 400
-
-
Dividends
12 342
31 600
-
-
withholding
3 456
8 848
-
-
total
3 456
8 848
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 678
17 248
19 431
17 520
After tax
22 322
22 752
20 569
22 480
Living cost
13 435
13 435
13 435
13 435
Free-cash
8 887
9 317
7 134
9 045

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
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.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴527
₴2416
₴2428
₴2192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 409
pensions
-
-
-
10 511
other
-
-
-
1 241
health
-
-
-
584
surtax
-
-
-
-
social contributions
-
-
-
1 140
total
-
-
-
16 885
Employee
26 826
-
30 480
-
social contributions
764
-
868
-
surtax
-
-
-
-
income
2 341
-
3 288
-
pensions
3 034
-
3 446
-
total
6 139
-
7 602
-
Employer
26 826
-
30 480
-
other
926
-
1 052
-
social contributions
80
-
91
-
unemployment
1 087
-
1 235
-
pensions
4 408
-
5 007
-
health
1 878
-
2 134
-
total
8 379
-
9 519
-
Corporate
4 796
40 000
-
-
surtax
-
-
-
-
income
1 343
11 200
-
-
total
1 343
11 200
-
-
Dividends
3 453
28 800
-
-
surtax
-
-
-
-
social contributions
594
4 954
-
-
withholding
442
3 686
-
-
total
1 036
8 640
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 897
19 840
17 121
16 885
After tax
23 103
20 160
22 879
23 115
Living cost
20 687
20 687
20 687
20 687
Free-cash
2 416
-527
2 192
2 428

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23125
₴21686
₴17742
₴18861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
584
social contributions
-
-
-
8 799
total
-
-
-
9 383
Employee
13 770
-
34 631
-
income
-
-
644
-
social contributions
895
-
2 251
-
total
895
-
2 895
-
Employer
13 770
-
34 631
-
social contributions
2 134
-
5 369
-
total
2 134
-
5 369
-
Corporate
24 096
40 000
-
-
income
2 410
4 000
-
-
total
2 410
4 000
-
-
Dividends
21 686
36 000
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
5 439
4 000
8 264
9 383
After tax
34 561
36 000
31 736
30 617
Living cost
12 875
12 875
12 875
12 875
Free-cash
21 686
23 125
18 861
17 742

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴53361
-₴53361
₴4337
-₴53361
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
municipal
-
-
-
7 286
pensions
-
-
-
371
national
-
-
-
4 199
labour market
-
-
-
3 170
total
-
-
-
15 026
Employee
87 102
87 102
87 102
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 102
87 102
87 102
-
labour market
6 968
6 968
6 968
-
municipal
18 577
18 577
18 577
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 453
36 453
36 453
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
72 724
72 724
72 724
15 026
After tax
-32 724
-32 724
-32 724
24 974
Living cost
20 637
20 637
20 637
20 637
Free-cash
-53 361
-53 361
-53 361
4 337

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5988
₴1825
₴18242
₴11270
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
108
income
-
-
-
9 565
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
12 530
Employee
14 517
-
33 912
-
health
1 662
-
3 883
-
income
1 992
-
6 283
-
pensions
1 635
-
3 248
-
total
5 289
-
13 414
-
Employer
14 517
-
33 912
-
accident
242
-
566
-
unemployment
356
-
831
-
pensions
2 360
-
4 691
-
total
2 958
-
6 088
-
Corporate
22 525
40 000
-
-
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.

20 272
36 000
-
-
total
20 272
36 000
-
-
Dividends
2 253
4 000
-
-
withholding
428
760
-
-
total
428
760
-
-
Income
40 000
40 000
40 000
40 000
Total tax
28 947
36 760
19 502
12 530
After tax
11 053
3 240
20 498
27 470
Living cost
9 228
9 228
9 228
9 228
Free-cash
1 825
-5 988
11 270
18 242

Estimated living cost  is ₴9228 per week

₴6717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10368
₴9145
₴12277
₴6599
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
40 000
municipal
-
-
-
7 121
health
-
-
-
437
national
-
-
-
3 721
total
-
-
-
11 279
Employee
22 534
-
33 650
-
health
168
-
340
-
municipal
3 691
-
5 496
-
pensions
1 521
-
2 272
-
unemployment
338
-
505
-
national
372
-
1 995
-
total
6 090
-
10 608
-
Employer
22 534
-
33 650
-
accident
23
-
33
-
unemployment
146
-
219
-
pensions
3 910
-
5 838
-
health
173
-
259
-
total
4 252
-
6 349
-
Corporate
13 214
40 000
-
-
income
2 642
8 000
-
-
total
2 642
8 000
-
-
Dividends

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

7 929
24 000
-
-
national
-
868
-
-
municipal
1 427
4 320
-
-
total
1 427
5 188
-
-
Income
40 000
40 000
40 000
40 000
Total tax
14 411
13 188
16 957
11 279
After tax
25 589
26 812
23 043
28 721
Living cost
16 444
16 444
16 444
16 444
Free-cash
9 145
10 368
6 599
12 277

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19379
₴17049
₴18845
₴18804
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
3 978
health
-
-
-
1 020
social contributions
-
-
-
6 240
total
-
-
-
11 238
Employee
32 935
32 935
36 314
-
social contributions
1 245
2 733
3 014
-
health
255
560
618
-
income
3 586
3 049
3 961
-
total
5 086
6 342
7 593
-
Employer
32 935
32 935
36 314
-
social contributions
1 245
2 733
3 014
-
health
277
610
672
-
total
1 522
3 343
3 686
-
Corporate
23 474
3 722
-
-
income
2 934
465
-
-
total
2 934
465
-
-
Dividends
20 540
3 257
-
-
withholding
3 492
554
-
-
total
3 492
554
-
-
Income
40 000
40 000
40 000
40 000
Total tax
13 034
10 704
11 279
11 238
After tax
26 966
29 296
28 721
28 762
Living cost
9 917
9 917
9 917
9 917
Free-cash
17 049
19 379
18 804
18 845

Estimated living cost  is ₴9917 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
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.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26324
₴24144
₴25136
₴17881
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40 000
income
-
-
-
3 777
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
8 064
Employee

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

9 831
-
36 264
-
health
836
-
3 082
-
income
672
-
2 881
-
pensions
1 474
-
5 439
-
unemployment
49
-
181
-
total
3 031
-
11 583
-
Employer

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

9 831
-
36 264
-
unemployment
49
-
181
-
pensions
541
-
1 995
-
health
423
-
1 560
-
total
1 013
-
3 736
-
Corporate
29 157
40 000
-
-
income
2 624
3 600
-
-
total
2 624
3 600
-
-
Dividends
26 533
36 400
-
-
withholding
2 388
3 276
-
-
total
2 388
3 276
-
-
Income
40 000
40 000
40 000
40 000
Total tax
9 056
6 876
15 319
8 064
After tax
30 944
33 124
24 681
31 936
Living cost
6 800
6 800
6 800
6 800
Free-cash
24 144
26 324
17 881
25 136

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
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.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15180
₴12933
₴9375
₴9596
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
358
income
-
-
-
6 936
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
18 847
Employee
15 837
-
30 330
-
other
15
-
30
-
income
3 053
-
7 030
-
pensions
745
-
1 426
-
unemployment
245
-
470
-
total
4 058
-
8 956
-
Employer
15 837
-
30 330
-
accident
314
-
601
-
other
127
-
243
-
unemployment
871
-
1 668
-
pensions
3 737
-
7 158
-
total
5 049
-
9 670
-
Corporate
19 114
40 000
-
-
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.

2 867
6 000
-
-
total
2 867
6 000
-
-
Dividends
16 247
34 000
-
-
withholding
3 315
7 042
-
-
total
3 315
7 042
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 289
13 042
18 626
18 847
After tax
24 711
26 958
21 374
21 153
Living cost
11 778
11 778
11 778
11 778
Free-cash
12 933
15 180
9 596
9 375

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
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.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23790
₴23597
₴24143
₴24061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
13 215
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
14 687
Employee
1 782
-
39 040
-
health
89
-
213
-
income
345
-
13 170
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
13 810
-
Employer
1 782
-
39 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
37 817
40 000
-
-
income
8 320
8 800
-
-
total
8 320
8 800
-
-
Dividends
29 498
31 200
-
-
withholding
5 900
6 240
-
-
total
5 900
6 240
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 233
15 040
14 769
14 687
After tax
24 767
24 960
25 231
25 313
Living cost
1 170
1 170
1 170
1 170
Free-cash
23 597
23 790
24 061
24 143

Estimated living cost  is ₴1170 per week

₴695
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.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21492
₴19384
₴13410
₴13411
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income
-
-
-
7 216
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
19 182
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.

11 170
-
34 334
-
health
575
-
1 630
-
income
1 540
-
7 216
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
13 515
-
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.

11 170
-
34 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
26 830
40 000
-
-
income
4 025
6 000
-
-
total
4 025
6 000
-
-
Dividends
22 806
34 000
-
-
withholding
3 421
5 100
-
-
total
3 421
5 100
-
-
Income
40 000
40 000
40 000
40 000
Total tax
13 208
11 100
19 181
19 182
After tax
26 792
28 900
20 819
20 818
Living cost
7 408
7 408
7 408
7 408
Free-cash
19 384
21 492
13 411
13 410

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11205
₴11051
₴10933
₴9022
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income
-
-
-
3 620
surtax
-
-
-
-
social contributions

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

-
-
-
13 900
total
-
-
-
17 520
Employee
16 624
-
32 323
-
social contributions
1 829
-
3 555
-
surtax
-
-
-
-
income
3 248
-
8 199
-
total
5 077
-
11 754
-
Employer
16 624
-
32 323
-
social contributions
3 948
-
7 677
-
total
3 948
-
7 677
-
Corporate
19 428
40 000
-
-
surtax
-
-
-
-
income
4 080
8 400
-
-
total
4 080
8 400
-
-
Dividends
15 348
31 600
-
-
withholding
4 297
8 848
-
-
total
4 297
8 848
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 402
17 248
19 431
17 520
After tax
22 598
22 752
20 569
22 480
Living cost
11 547
11 547
11 547
11 547
Free-cash
11 051
11 205
9 022
10 933

Estimated living cost  is ₴11547 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
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.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11905
₴8638
₴6100
₴6321
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
358
income
-
-
-
6 936
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
18 847
Employee
20 686
-
30 330
-
other
20
-
30
-
income
4 320
-
7 030
-
pensions
972
-
1 426
-
unemployment
320
-
470
-
total
5 632
-
8 956
-
Employer
20 686
-
30 330
-
accident
410
-
601
-
other
166
-
243
-
unemployment
1 138
-
1 668
-
pensions
4 882
-
7 158
-
total
6 596
-
9 670
-
Corporate
12 719
40 000
-
-
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.

1 908
6 000
-
-
total
1 908
6 000
-
-
Dividends
10 812
34 000
-
-
withholding
2 173
7 042
-
-
total
2 173
7 042
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 309
13 042
18 626
18 847
After tax
23 691
26 958
21 374
21 153
Living cost
15 053
15 053
15 053
15 053
Free-cash
8 638
11 905
6 321
6 100

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26828
₴24216
₴22630
₴23816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
6 000
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
9 998
Employee
9 762
-
37 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
3 706
-
pensions

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

857
-
1 314
-
total
2 389
-
5 874
-
Employer
9 762
-
37 063
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
28 322
40 000
-
-
income
2 832
4 000
-
-
total
2 832
4 000
-
-
Dividends
25 490
36 000
-
-
withholding
1 275
1 800
-
-
total
1 275
1 800
-
-
Income
40 000
40 000
40 000
40 000
Total tax
8 412
5 800
8 812
9 998
After tax
31 588
34 200
31 188
30 002
Living cost
7 372
7 372
7 372
7 372
Free-cash
24 216
26 828
23 816
22 630

Estimated living cost  is ₴7372 per week

₴4876
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.
₴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.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4108
₴9713
₴9388
₴12270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
trade
-
-
-
2 882
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.

-
-
-
7 837
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.

-
-
-
2 926
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.

-
-
-
431
total
-
-
-
14 076
Employee

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

21 311
-
40 000
-
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.

2 926
-
2 926
-
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
-
431
-
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.

1 752
-
7 837
-
total
4 775
-
11 194
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
18 689
40 000
-
-
surtax

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

154
330
-
-
income
2 803
6 000
-
-
trade
2 681
5 740
-
-
chamber of commerce
93
124
-
-
total
5 731
12 194
-
-
Dividends
12 957
27 806
-
-
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.

169
373
-
-
withholding
3 076
6 789
-
-
total
3 245
7 162
-
-
Income
40 000
40 000
40 000
40 000
Total tax
13 751
19 356
11 194
14 076
After tax
26 249
20 644
28 806
25 924
Living cost
16 536
16 536
16 536
16 536
Free-cash
9 713
4 108
12 270
9 388

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3601
₴4547
₴3182
₴3182
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
8 921
social contributions
-
-
-
3 498
total
-
-
-
12 419
Employee
33 504
-
40 000
-
income
6 322
-
8 921
-
social contributions
2 783
-
3 498
-
total
9 105
-
12 419
-
Employer
33 504
-
40 000
-
total
-
-
-
-
Corporate
6 496
40 000
-
-
income
812
5 000
-
-
total
812
5 000
-
-
Dividends
5 684
35 000
-
-
withholding
1 137
7 000
-
-
total
1 137
7 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
11 054
12 000
12 419
12 419
After tax
28 946
28 000
27 581
27 581
Living cost
24 399
24 399
24 399
24 399
Free-cash
4 547
3 601
3 182
3 182

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
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.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8189
₴10156
₴9399
₴13785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
income
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 648
-
38 030
-
income
2 132
-
6 727
-
social contributions
1 969
-
1 970
-
total
4 101
-
8 697
-
Employer
19 648
-
38 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
18 383
40 000
-
-
income
6 434
14 000
-
-
total
6 434
14 000
-
-
Dividends
11 949
26 000
-
-
social contributions
1 792
2 263
-
-
total
1 792
2 263
-
-
Income
40 000
40 000
40 000
40 000
Total tax
14 296
16 263
10 667
15 053
After tax
25 704
23 737
29 333
24 947
Living cost
15 548
15 548
15 548
15 548
Free-cash
10 156
8 189
13 785
9 399

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14005
₴11580
₴13405
₴9186
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
income
-
-
-
7 748
pensions
-
-
-
2 882
total
-
-
-
10 630
Employee
21 914
-
35 273
-
health
286
-
559
-
income
3 991
-
6 287
-
pensions
1 673
-
3 276
-
total
5 950
-
10 122
-
Employer
21 914
-
35 273
-
pensions
2 214
-
4 057
-
health
416
-
670
-
total
2 630
-
4 727
-
Corporate
15 456
40 000
-
-
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.

2 936
7 600
-
-
total
2 936
7 600
-
-
Dividends
12 519
32 400
-
-
withholding
939
2 430
-
-
total
939
2 430
-
-
Income
40 000
40 000
40 000
40 000
Total tax
12 455
10 030
14 849
10 630
After tax
27 545
29 970
25 151
29 370
Living cost
15 965
15 965
15 965
15 965
Free-cash
11 580
14 005
9 186
13 405

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6902
₴1684
₴17328
₴10356
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
accident
-
-
-
108
income
-
-
-
9 565
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
12 530
Employee
15 954
-
33 912
-
health
1 827
-
3 883
-
income
2 189
-
6 283
-
pensions
1 796
-
3 248
-
total
5 812
-
13 414
-
Employer
15 954
-
33 912
-
accident
266
-
566
-
unemployment
391
-
831
-
pensions
2 594
-
4 691
-
total
3 251
-
6 088
-
Corporate
20 795
40 000
-
-
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.

18 716
36 000
-
-
total
18 716
36 000
-
-
Dividends
2 080
4 000
-
-
withholding
395
760
-
-
total
395
760
-
-
Income
40 000
40 000
40 000
40 000
Total tax
28 174
36 760
19 502
12 530
After tax
11 826
3 240
20 498
27 470
Living cost
10 142
10 142
10 142
10 142
Free-cash
1 684
-6 902
10 356
17 328

Estimated living cost  is ₴10142 per week

₴7443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27875
₴26132
₴17156
₴18738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
40 000
work injury
-
-
-
200
health insurance
-
-
-
2 960
income
-
-
-
6 059
pensions
-
-
-
7 360
unemployment
-
-
-
480
total
-
-
-
17 059
Employee

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

9 257
-
40 000
-
work injury
46
-
171
-
income
926
-
6 059
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
15 477
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
30 743
40 000
-
-
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%.

-
400
-
-
total
-
400
-
-
Dividends
30 743
39 600
-
-
withholding
4 612
5 940
-
-
total
4 612
5 940
-
-
Income
40 000
40 000
40 000
40 000
Total tax
8 083
6 340
15 477
17 059
After tax
31 917
33 660
24 523
22 941
Living cost
5 785
5 785
5 785
5 785
Free-cash
26 132
27 875
18 738
17 156

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4006
₴2058
₴3310
₴1479
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
40 000
municipal
-
-
-
267
regional
-
-
-
772
national
-
-
-
8 300
social contributions
-
-
-
10 288
total
-
-
-
19 627
Employee
36 092
-
40 000
-
social contributions
12 170
-
13 488
-
regional
545
-
647
-
municipal
215
-
239
-
national
6 099
-
7 084
-
total
19 029
-
21 458
-
Employer
36 092
-
40 000
-
total
-
-
-
-
Corporate
3 908
40 000
-
-
nationa
938
9 600
-
-
municipal
189
1 928
-
-
total
1 127
11 528
-
-
Dividends
2 781
28 472
-
-
withholding
723
7 403
-
-
total
723
7 403
-
-
Income
40 000
40 000
40 000
40 000
Total tax
20 879
18 931
21 458
19 627
After tax
19 121
21 069
18 542
20 373
Living cost
17 063
17 063
17 063
17 063
Free-cash
2 058
4 006
1 479
3 310

Estimated living cost  is ₴17063 per week

₴11986
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.
₴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.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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