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

Valencia , Spain
₴16966
₴12522
₴13986
₴18460
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
197
income
-
-
-
9 187
other
-
-
-
28
accident
-
-
-
254
pensions
-
-
-
7 981
total
-
-
-
17 647
Employee
11 251
-
31 009
-
unemployment
174
-
437
-
pensions
529
-
1 326
-
income
2 169
-
8 329
-
other
11
-
28
-
total
2 883
-
10 120
-
Employer
11 251
-
31 009
-
pensions
2 655
-
6 656
-
accident
223
-
558
-
unemployment
619
-
1 551
-
other
90
-
226
-
total
3 587
-
8 991
-
Corporate
25 162
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.

3 775
6 000
-
-
total
3 775
6 000
-
-
Dividends
21 388
34 000
-
-
withholding
4 422
7 173
-
-
total
4 422
7 173
-
-
Income
40 000
40 000
40 000
40 000
Total tax
14 667
13 173
19 111
17 647
After tax
25 333
26 827
20 889
22 353
Living cost
8 367
8 367
8 367
8 367
Free-cash
16 966
18 460
12 522
13 986

Estimated living cost  is ₴8367 per week

₴5648
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴147
Clothing and shoes. We estimate one pair of shoes and 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
Bratislava , Slovakia
₴19226
₴14891
₴13235
₴21280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
9 599
income
-
-
-
5 398
other
-
-
-
1 900
health
-
-
-
1 760
total
-
-
-
18 657
Employee
11 048
-
31 949
-
health
155
-
447
-
unemployment
110
-
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.

773
-
2 236
-
income
1 902
-
5 949
-
total
2 940
-
8 951
-
Employer
11 048
-
31 949
-
health
155
-
447
-
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.

1 878
-
5 431
-
accident
88
-
256
-
unemployment
110
-
319
-
other
553
-
1 597
-
total
2 784
-
8 050
-
Corporate
26 168
40 000
-
-
income
5 495
8 400
-
-
total
5 495
8 400
-
-
Dividends
20 673
31 600
-
-
withholding
1 447
2 212
-
-
total
1 447
2 212
-
-
Income
40 000
40 000
40 000
40 000
Total tax
12 666
10 612
17 001
18 657
After tax
27 334
29 388
22 999
21 343
Living cost
8 108
8 108
8 108
8 108
Free-cash
19 226
21 280
14 891
13 235

Estimated living cost  is ₴8108 per week

₴5728
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴547
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴130
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Varna , Bulgaria
₴28800
₴28597
₴27177
₴30213
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
1 572
unemployment
-
-
-
42
income
-
-
-
6 000
health
-
-
-
1 222
total
-
-
-
8 836
Employee
5 280
-
37 916
-
health
243
-
489
-
accident

We are using the highest rate at 1.1%.

58
-
117
-
pensions

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

464
-
933
-
income
528
-
3 792
-
total
1 293
-
5 331
-
Employer
5 280
-
37 916
-
health
364
-
733
-
pensions

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

582
-
1 171
-
accident

We are using the highest rate at 1.1%.

58
-
117
-
unemployment
32
-
64
-
total
1 036
-
2 085
-
Corporate
33 684
40 000
-
-
income
3 368
4 000
-
-
total
3 368
4 000
-
-
Dividends
30 316
36 000
-
-
withholding
1 516
1 800
-
-
total
1 516
1 800
-
-
Income
40 000
40 000
40 000
40 000
Total tax
7 213
5 800
7 416
8 836
After tax
32 787
34 200
32 584
31 164
Living cost
3 987
3 987
3 987
3 987
Free-cash
28 800
30 213
28 597
27 177

Estimated living cost  is ₴3987 per week

₴2328
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴285
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.
₴1269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Nice , France
₴11548
₴13096
₴12350
₴9750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 164
other
-
-
-
1 240
health
-
-
-
1 267
social contributions
-
-
-
1 140
pensions
-
-
-
8 429
surtax
-
-
-
-
total
-
-
-
17 240
Employee
13 022
-
31 755
-
pensions
1 472
-
1 877
-
income
769
-
5 466
-
social contributions
371
-
905
-
surtax
-
-
-
-
total
2 612
-
8 248
-
Employer
13 022
-
31 755
-
health
912
-
2 547
-
social contributions
39
-
95
-
pensions
2 139
-
3 220
-
unemployment
527
-
1 286
-
other
449
-
1 098
-
total
4 066
-
8 246
-
Corporate
22 911
40 000
-
-
income
6 415
11 200
-
-
surtax
-
-
-
-
total
6 415
11 200
-
-
Dividends
16 496
28 800
-
-
social contributions
2 837
4 954
-
-
surtax
-
-
-
-
withholding
2 112
3 686
-
-
total
4 949
8 640
-
-
Income
40 000
40 000
40 000
40 000
Total tax
18 042
19 840
16 494
17 240
After tax
21 958
20 160
23 506
22 760
Living cost
10 410
10 410
10 410
10 410
Free-cash
11 548
9 750
13 096
12 350

Estimated living cost  is ₴10410 per week

₴6564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴846
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2823
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
₴4992
₴10030
₴10283
₴6857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 565
income
-
-
-
9 654
health
-
-
-
3 752
total
-
-
-
16 971
Employee
25 983
25 983
34 345
-
health
3 988
3 392
3 752
-
pensions
4 677
3 565
3 565
-
income

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

4 253
4 253
4 253
-
total
12 918
11 210
11 570
-
Employer
25 983
25 983
34 345
-
health
1 806
1 806
2 244
-
pensions
1 808
1 808
2 248
-
unemployment
935
935
1 162
-
total
4 549
4 549
5 654
-
Corporate
9 785
9 467
-
-
income
1 957
1 893
-
-
total
1 957
1 893
-
-
Dividends
7 828
7 573
-
-
income
1 664
1 609
-
-
withholding
1 174
1 136
-
-
total
2 838
2 745
-
-
Income
40 000
40 000
40 000
40 000
Total tax
22 262
20 397
17 224
16 971
After tax
17 738
19 603
22 776
23 029
Living cost
12 746
12 746
12 746
12 746
Free-cash
4 992
6 857
10 030
10 283

Estimated living cost  is ₴12746 per week

₴9033
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1149
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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
Dresden , Germany
₴14346
₴17251
₴13179
₴10981
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 072
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.

-
-
-
10 857
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.

-
-
-
2 079
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.

-
-
-
597
total
-
-
-
17 605
Employee

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

11 638
-
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.

2 079
-
2 079
-
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.

325
-
10 857
-
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.

18
-
597
-
total
2 422
-
13 533
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 362
40 000
-
-
income
4 254
6 000
-
-
trade
4 467
6 300
-
-
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.

234
330
-
-
chamber of commerce
87
104
-
-
total
9 042
12 734
-
-
Dividends
19 320
27 266
-
-
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.

259
368
-
-
withholding
4 715
6 701
-
-
total
4 974
7 069
-
-
Income
40 000
40 000
40 000
40 000
Total tax
16 438
19 803
13 533
17 605
After tax
23 562
20 197
26 467
22 395
Living cost
9 216
9 216
9 216
9 216
Free-cash
14 346
10 981
17 251
13 179

Estimated living cost  is ₴9216 per week

₴5797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1075
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Larnaca , Cyprus
₴20522
₴20528
₴20946
₴22180
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 066
health
-
-
-
1 020
social contributions
-
-
-
4 923
total
-
-
-
12 009
Employee
23 397
23 397
36 702
-
health
181
398
624
-
income
2 548
2 166
5 886
-
social contributions
885
1 942
2 619
-
total
3 614
4 506
9 129
-
Employer
23 397
23 397
36 702
-
health
197
433
679
-
social contributions
885
1 942
2 619
-
total
1 082
2 375
3 298
-
Corporate
28 260
14 228
-
-
income
3 533
1 778
-
-
total
3 533
1 778
-
-
Dividends
24 728
12 450
-
-
withholding
4 204
2 116
-
-
total
4 204
2 116
-
-
Income
40 000
40 000
40 000
40 000
Total tax
12 433
10 775
12 427
12 009
After tax
27 567
29 225
27 573
27 991
Living cost
7 045
7 045
7 045
7 045
Free-cash
20 522
22 180
20 528
20 946

Estimated living cost  is ₴7045 per week

₴4222
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
₴12901
₴9717
₴12336
₴13208
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 220
social contributions

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

-
-
-
13 900
surtax
-
-
-
-
total
-
-
-
18 120
Employee
13 994
-
32 323
-
income
2 911
-
9 506
-
social contributions
1 539
-
3 556
-
surtax
-
-
-
-
total
4 450
-
13 062
-
Employer
13 994
-
32 323
-
social contributions
3 324
-
7 677
-
total
3 324
-
7 677
-
Corporate
22 682
40 000
-
-
income
4 763
8 400
-
-
surtax
-
-
-
-
total
4 763
8 400
-
-
Dividends
17 919
31 600
-
-
withholding
5 018
8 848
-
-
total
5 018
8 848
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 555
17 248
20 739
18 120
After tax
22 445
22 752
19 261
21 880
Living cost
9 544
9 544
9 544
9 544
Free-cash
12 901
13 208
9 717
12 336

Estimated living cost  is ₴9544 per week

₴7141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴159
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1681
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Batumi , Georgia
₴35200
₴29642
₴37242
₴35642
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
2 948
-
40 000
-
income
589
-
8 000
-
total
589
-
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%.

37 052
40 000
-
-
total
-
-
-
-
Dividends
37 052
40 000
-
-
withholding
1 853
2 000
-
-
total
1 853
2 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
2 442
2 000
8 000
400
After tax
37 558
38 000
32 000
39 600
Living cost
2 358
2 358
2 358
2 358
Free-cash
35 200
35 642
29 642
37 242

Estimated living cost  is ₴2358 per week

₴1461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴196
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴65
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Ljubljana , Slovenia
₴16833
₴10967
₴12065
₴19379
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
7 305
unemployment
-
-
-
60
income
-
-
-
8 473
health
-
-
-
3 936
total
-
-
-
19 774
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.

13 455
-
34 611
-
health
869
-
2 236
-
unemployment
19
-
49
-
pensions
2 086
-
5 365
-
income
2 320
-
7 833
-
total
5 294
-
15 483
-
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.

13 455
-
34 611
-
health
896
-
2 305
-
pensions
1 191
-
3 063
-
unemployment
8
-
21
-
total
2 095
-
5 389
-
Corporate
24 450
40 000
-
-
income
4 646
7 600
-
-
total
4 646
7 600
-
-
Dividends
19 804
32 400
-
-
withholding
2 971
4 860
-
-
total
2 971
4 860
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 006
12 460
20 872
19 774
After tax
24 994
27 540
19 128
20 226
Living cost
8 161
8 161
8 161
8 161
Free-cash
16 833
19 379
10 967
12 065

Estimated living cost  is ₴8161 per week

₴5601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴523
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴158
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1879
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sliema , Malta
₴14411
₴18225
₴18370
₴13347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 661
health

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

-
-
-
1 924
total
-
-
-
10 585
Employee
13 958
-
38 600
-
social contributions
1 398
-
1 400
-
income
1 515
-
7 930
-
total
2 913
-
9 330
-
Employer
13 958
-
38 600
-
social contributions
1 398
-
1 400
-
total
1 398
-
1 400
-
Corporate
24 643
40 000
-
-
income
8 625
14 000
-
-
total
8 625
14 000
-
-
Dividends
16 018
26 000
-
-
social contributions
1 608
1 608
-
-
total
1 608
1 608
-
-
Income
40 000
40 000
40 000
40 000
Total tax
14 544
15 608
10 730
10 585
After tax
25 456
24 392
29 270
29 415
Living cost
11 045
11 045
11 045
11 045
Free-cash
14 411
13 347
18 225
18 370

Estimated living cost  is ₴11045 per week

₴7275
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴871
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴169
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
₴18109
₴18811
₴19236
₴17951
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
10 317
-
40 000
-
health
720
-
2 792
-
income
1 721
-
6 425
-
social contributions
1 424
-
5 520
-
total
3 865
-
14 737
-
Employer
10 317
-
40 000
-
total
-
-
-
-
Corporate
29 683
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%.

1 484
2 000
-
-
total
1 484
2 000
-
-
Dividends
28 200
38 000
-
-
social contributions
3 892
5 244
-
-
withholding
4 230
5 700
-
-
health
1 968
2 653
-
-
total
10 090
13 597
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 439
15 597
14 737
14 312
After tax
24 561
24 403
25 263
25 688
Living cost
6 452
6 452
6 452
6 452
Free-cash
18 109
17 951
18 811
19 236

Estimated living cost  is ₴6452 per week

₴4318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴398
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴148
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
₴15985
₴11781
₴12439
₴19023
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 698
health
-
-
-
5 400
social contributions
-
-
-
9 946
solidarity contribution
-
-
-
-
total
-
-
-
19 044
Employee
12 525
-
29 851
-
health
1 691
-
4 030
-
solidarity contribution
-
-
-
-
income
1 503
-
3 582
-
social contributions
814
-
1 940
-
total
4 008
-
9 552
-
Employer
12 525
-
29 851
-
health
1 127
-
2 687
-
social contributions
3 131
-
7 463
-
total
4 258
-
10 150
-
Corporate
23 216
40 000
-
-
income
4 411
7 600
-
-
total
4 411
7 600
-
-
Dividends
18 805
32 400
-
-
withholding
2 821
4 860
-
-
total
2 821
4 860
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 498
12 460
19 702
19 044
After tax
24 502
27 540
20 298
20 956
Living cost
8 517
8 517
8 517
8 517
Free-cash
15 985
19 023
11 781
12 439

Estimated living cost  is ₴8517 per week

₴6334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴147
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tbilisi , Georgia
₴33636
₴28325
₴35925
₴34325
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 594
-
40 000
-
income
919
-
8 000
-
total
919
-
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%.

35 406
40 000
-
-
total
-
-
-
-
Dividends
35 406
40 000
-
-
withholding
1 770
2 000
-
-
total
1 770
2 000
-
-
Income
40 000
40 000
40 000
40 000
Total tax
2 689
2 000
8 000
400
After tax
37 311
38 000
32 000
39 600
Living cost
3 675
3 675
3 675
3 675
Free-cash
33 636
34 325
28 325
35 925

Estimated living cost  is ₴3675 per week

₴2487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴154
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴123
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Paris , France
₴7555
₴8810
₴8064
₴5464
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 164
other
-
-
-
1 240
health
-
-
-
1 267
social contributions
-
-
-
1 140
pensions
-
-
-
8 429
surtax
-
-
-
-
total
-
-
-
17 240
Employee
19 057
-
31 755
-
pensions
2 155
-
1 877
-
income
1 663
-
5 466
-
social contributions
543
-
905
-
surtax
-
-
-
-
total
4 361
-
8 248
-
Employer
19 057
-
31 755
-
health
1 334
-
2 547
-
social contributions
57
-
95
-
pensions
3 131
-
3 220
-
unemployment
772
-
1 286
-
other
658
-
1 098
-
total
5 952
-
8 246
-
Corporate
14 991
40 000
-
-
income
4 198
11 200
-
-
surtax
-
-
-
-
total
4 198
11 200
-
-
Dividends
10 793
28 800
-
-
social contributions
1 856
4 954
-
-
surtax
-
-
-
-
withholding
1 382
3 686
-
-
total
3 238
8 640
-
-
Income
40 000
40 000
40 000
40 000
Total tax
17 749
19 840
16 494
17 240
After tax
22 251
20 160
23 506
22 760
Living cost
14 696
14 696
14 696
14 696
Free-cash
7 555
5 464
8 810
8 064

Estimated living cost  is ₴14696 per week

₴9946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1202
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.
₴3346
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Belgrade , Serbia
₴22163
₴17546
₴17547
₴23654
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 829
unemployment
-
-
-
336
income
-
-
-
8 733
health
-
-
-
2 309
total
-
-
-
17 207
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.

7 911
-
35 987
-
health
407
-
1 155
-
unemployment
59
-
168
-
pensions
1 108
-
3 139
-
income
1 090
-
8 733
-
total
2 664
-
13 195
-
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.

7 911
-
35 987
-
health
407
-
1 155
-
pensions
949
-
2 690
-
unemployment
59
-
168
-
total
1 415
-
4 013
-
Corporate
30 673
40 000
-
-
income
4 601
6 000
-
-
total
4 601
6 000
-
-
Dividends
26 072
34 000
-
-
withholding
3 911
5 100
-
-
total
3 911
5 100
-
-
Income
40 000
40 000
40 000
40 000
Total tax
12 591
11 100
17 208
17 207
After tax
27 409
28 900
22 792
22 793
Living cost
5 246
5 246
5 246
5 246
Free-cash
22 163
23 654
17 546
17 547

Estimated living cost  is ₴5246 per week

₴3532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴406
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴152
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Zurich , Switzerland
₴6453
₴10097
₴12044
-₴2398
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 680
city
-
-
-
421
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
health
-
-
-
90
regional
-
-
-
1 785
national
-
-
-
491
total
-
-
-
7 267
Employee
24 212
-
35 802
-
health
55
-
81
-
unemployment
-
-
-
-
city
260
-
385
-
pensions
2 034
-
3 008
-
regional
793
-
1 537
-
national
115
-
398
-
total
3 257
-
5 409
-
Employer
24 212
-
35 802
-
health
55
-
81
-
pensions
2 034
-
3 008
-
unemployment
-
-
-
-
other

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

484
-
716
-
total
2 573
-
3 805
-
Corporate
12 949
40 000
-
-
regional
2 739
8 460
-
-
national
1 100
3 400
-
-
total
3 839
11 860
-
-
Dividends
9 110
28 140
-
-
withholding
3 189
9 849
-
-
total
3 189
9 849
-
-
Income
40 000
40 000
40 000
40 000
Total tax
12 858
21 709
9 214
7 267
After tax
27 142
18 291
30 786
32 733
Living cost
20 689
20 689
20 689
20 689
Free-cash
6 453
-2 398
10 097
12 044

Estimated living cost  is ₴20689 per week

₴13454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1857
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Helsinki , Finland
₴14367
₴10166
₴15650
₴14183
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 112
health
-
-
-
489
national
-
-
-
5 067
total
-
-
-
12 668
Employee
16 008
-
33 650
-
health
120
-
391
-
unemployment
240
-
505
-
pensions
1 080
-
2 272
-
national
264
-
3 148
-
municipal
2 622
-
5 487
-
total
4 326
-
11 803
-
Employer
16 008
-
33 650
-
health
123
-
259
-
pensions
2 777
-
5 838
-
accident
16
-
33
-
unemployment
104
-
219
-
total
3 020
-
6 349
-
Corporate
20 971
40 000
-
-
income
4 194
8 000
-
-
total
4 194
8 000
-
-
Dividends

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

12 583
24 000
-
-
municipal
2 265
4 320
-
-
national
146
1 815
-
-
total
2 411
6 135
-
-
Income
40 000
40 000
40 000
40 000
Total tax
13 951
14 135
18 152
12 668
After tax
26 049
25 865
21 848
27 332
Living cost
11 682
11 682
11 682
11 682
Free-cash
14 367
14 183
10 166
15 650

Estimated living cost  is ₴11682 per week

₴7630
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴186
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2742
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Brussels , Belgium
₴6742
₴3749
₴6712
₴11305
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
2 020
social contributions
-
-
-
6 332
national
-
-
-
13 842
total
-
-
-
22 194
Employee

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

21 765
-
30 981
-
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.

1 023
-
1 456
-
communal

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

1 135
-
1 616
-
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.

189
-
270
-
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.

1 632
-
2 323
-
national
6 691
-
10 474
-
total
10 670
-
16 139
-
Employer

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

21 765
-
30 981
-
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.

1 338
-
1 905
-
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.

1 929
-
2 745
-
surtax
2 468
-
3 513
-
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.

283
-
403
-
unemployment

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

318
-
452
-
total
6 336
-
9 018
-
Corporate
11 900
40 000
-
-
income
2 380
8 000
-
-
surtax
47
160
-
-
total
2 427
8 160
-
-
Dividends
9 473
31 840
-
-
withholding

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

2 731
9 441
-
-
total
2 731
9 441
-
-
Income
40 000
40 000
40 000
40 000
Total tax
22 164
17 601
25 157
22 194
After tax
17 836
22 399
14 843
17 806
Living cost
11 094
11 094
11 094
11 094
Free-cash
6 742
11 305
3 749
6 712

Estimated living cost  is ₴11094 per week

₴7146
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.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2804
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
₴8338
₴7769
₴8124
₴8635
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
29
municipal
-
-
-
9 428
other
-
-
-
3 363
health
-
-
-
1 806
national
-
-
-
858
accident
-
-
-
58
pensions
-
-
-
3 129
total
-
-
-
18 671
Employee
18 816
-
30 907
-
national
-
-
716
-
municipal
5 611
-
9 216
-
total
5 611
-
9 932
-
Employer
18 816
-
30 907
-
health
1 157
-
1 780
-
pensions
2 034
-
3 129
-
accident
38
-
58
-
unemployment
497
-
764
-
other
2 186
-
3 363
-
total
5 912
-
9 094
-
Corporate
15 272
40 000
-
-
income
3 360
8 800
-
-
total
3 360
8 800
-
-
Dividends
11 912
31 200
-
-
withholding
3 574
9 360
-
-
total
3 574
9 360
-
-
Income
40 000
40 000
40 000
40 000
Total tax
18 457
18 160
19 026
18 671
After tax
21 543
21 840
20 974
21 329
Living cost
13 205
13 205
13 205
13 205
Free-cash
8 338
8 635
7 769
8 124

Estimated living cost  is ₴13205 per week

₴8752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1296
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.
₴2957
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
-₴10817
₴20811
₴12937
₴9630
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
21 086
-
-
-
income
4 651
-
-
-
social contributions
1 729
-
246
-
total
6 380
-
246
-
Employer
21 086
-
-
-
social contributions
29 731
-
4 237
-
total
29 731
-
4 237
-
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
36 111
15 664
4 483
12 357
After tax
3 889
24 336
35 517
27 643
Living cost
14 706
14 706
14 706
14 706
Free-cash
-10 817
9 630
20 811
12 937

Estimated living cost  is ₴14706 per week

₴9542
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1383
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Limassol , Cyprus
₴18093
₴17704
₴18122
₴19356
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 066
health
-
-
-
1 020
social contributions
-
-
-
4 923
total
-
-
-
12 009
Employee
23 397
23 397
36 702
-
health
233
398
624
-
income
2 457
2 166
5 886
-
social contributions
1 137
1 942
2 619
-
total
3 827
4 506
9 129
-
Employer
23 397
23 397
36 702
-
health
253
433
679
-
social contributions
1 137
1 942
2 619
-
total
1 390
2 375
3 298
-
Corporate
24 914
14 228
-
-
income
3 115
1 778
-
-
total
3 115
1 778
-
-
Dividends
21 800
12 450
-
-
withholding
3 706
2 116
-
-
total
3 706
2 116
-
-
Income
40 000
40 000
40 000
40 000
Total tax
12 038
10 775
12 427
12 009
After tax
27 962
29 225
27 573
27 991
Living cost
9 869
9 869
9 869
9 869
Free-cash
18 093
19 356
17 704
18 122

Estimated living cost  is ₴9869 per week

₴6746
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.
₴166
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
₴17386
₴12801
₴16488
₴16532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 178
pensions
-
-
-
2 410
total
-
-
-
12 588
Employee
14 994
-
35 052
-
health
196
-
554
-
pensions
1 144
-
3 051
-
income
2 731
-
7 722
-
total
4 071
-
11 327
-
Employer
14 994
-
35 052
-
health
285
-
666
-
pensions
1 515
-
4 282
-
total
1 800
-
4 948
-
Corporate
23 206
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.

4 409
7 600
-
-
total
4 409
7 600
-
-
Dividends
18 796
32 400
-
-
withholding
1 410
4 944
-
-
total
1 410
4 944
-
-
Income
40 000
40 000
40 000
40 000
Total tax
11 690
12 544
16 275
12 588
After tax
28 310
27 456
23 725
27 412
Living cost
10 924
10 924
10 924
10 924
Free-cash
17 386
16 532
12 801
16 488

Estimated living cost  is ₴10924 per week

₴7494
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴137
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Rome , Italy
₴7563
₴5442
₴7271
₴8948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
887
social contributions
-
-
-
10 288
national
-
-
-
9 166
total
-
-
-
20 608
Employee
25 640
-
40 000
-
social contributions
8 646
-
13 488
-
regional
387
-
761
-
national
4 333
-
7 950
-
municipal
153
-
238
-
total
13 519
-
22 437
-
Employer
25 640
-
40 000
-
total
-
-
-
-
Corporate
14 360
40 000
-
-
nationa
3 447
9 600
-
-
municipal
692
1 928
-
-
total
4 139
11 528
-
-
Dividends
10 221
28 472
-
-
withholding
2 658
7 403
-
-
total
2 658
7 403
-
-
Income
40 000
40 000
40 000
40 000
Total tax
20 316
18 931
22 437
20 608
After tax
19 684
21 069
17 563
19 392
Living cost
12 121
12 121
12 121
12 121
Free-cash
7 563
8 948
5 442
7 271

Estimated living cost  is ₴12121 per week

₴8514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴183
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
₴2244
₴14807
₴20890
-₴3258
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
1 229
income
-
-
-
10 555
other
-
-
-
109
health
-
-
-
644
accident
-
-
-
75
total
-
-
-
12 612
Employee
10 222
-
35 292
-
health
1 170
-
4 041
-
pensions
1 151
-
2 253
-
income
1 402
-
7 693
-
total
3 723
-
13 987
-
Employer
10 222
-
35 292
-
pensions
1 662
-
3 254
-
accident
171
-
589
-
unemployment
250
-
865
-
total
2 083
-
4 708
-
Corporate
27 695
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.

24 926
36 000
-
-
total
24 926
36 000
-
-
Dividends
2 769
4 000
-
-
withholding
526
760
-
-
total
526
760
-
-
Income
40 000
40 000
40 000
40 000
Total tax
31 258
36 760
18 695
12 612
After tax
8 742
3 240
21 305
27 388
Living cost
6 498
6 498
6 498
6 498
Free-cash
2 244
-3 258
14 807
20 890

Estimated living cost  is ₴6498 per week

₴4762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴136
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Berlin , Germany
₴12841
₴14720
₴11010
₴8861
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 710
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.

-
-
-
10 857
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.

-
-
-
2 079
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.

-
-
-
597
total
-
-
-
17 243
Employee

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

15 139
-
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.

2 079
-
2 079
-
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.

1 245
-
10 857
-
surtax

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

69
-
597
-
total
3 393
-
13 533
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
24 861
40 000
-
-
income
3 729
6 000
-
-
trade
3 567
5 740
-
-
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.

205
330
-
-
chamber of commerce
83
105
-
-
total
7 584
12 175
-
-
Dividends
17 277
27 825
-
-
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.

231
376
-
-
withholding
4 204
6 841
-
-
total
4 435
7 217
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 412
19 392
13 533
17 243
After tax
24 588
20 608
26 467
22 757
Living cost
11 747
11 747
11 747
11 747
Free-cash
12 841
8 861
14 720
11 010

Estimated living cost  is ₴11747 per week

₴8103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1264
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴170
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Riga , Latvia
₴23173
₴16107
₴5640
₴25670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
6 172
microenterprise
-
-
-
-
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.

-
-
-
11 658
surtax
-
-
-
10 200
total
-
-
-
28 030
Employee
8 891
-
32 234
-
income
1 583
-
6 252
-
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.

978
-
3 546
-
surtax
-
-
-
-
total
2 561
-
9 798
-
Employer
8 891
-
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.

2 142
-
7 765
-
surtax
-
-
-
-
total
2 142
-
7 765
-
Corporate
28 967
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%.

5 794
8 000
-
-
total
5 794
8 000
-
-
Dividends

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

23 174
32 000
-
-
total
-
-
-
-
Income
40 000
40 000
40 000
40 000
Total tax
10 497
8 000
17 563
28 030
After tax
29 503
32 000
22 437
11 970
Living cost
6 330
6 330
6 330
6 330
Free-cash
23 173
25 670
16 107
5 640

Estimated living cost  is ₴6330 per week

₴4038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴603
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴144
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1545
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
₴20555
₴19725
₴19996
₴21177
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 462
health
-
-
-
2 000
pensions
-
-
-
2 759
total
-
-
-
16 221
Employee
5 761
-
36 896
-
health
288
-
690
-
unemployment
58
-
138
-
pensions
519
-
1 242
-
income
1 115
-
11 317
-
total
1 980
-
13 387
-
Employer
5 761
-
36 896
-
health
547
-
1 311
-
pensions
634
-
1 518
-
unemployment
115
-
276
-
total
1 296
-
3 105
-
Corporate
32 942
40 000
-
-
income
7 247
8 800
-
-
total
7 247
8 800
-
-
Dividends
25 695
31 200
-
-
withholding
5 139
6 240
-
-
total
5 139
6 240
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 662
15 040
16 492
16 221
After tax
24 338
24 960
23 508
23 779
Living cost
3 783
3 783
3 783
3 783
Free-cash
20 555
21 177
19 725
19 996

Estimated living cost  is ₴3783 per week

₴2248
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴307
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴87
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1141
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Athens , Greece
₴17358
₴11563
₴12224
₴18326
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
8 000
unemployment
-
-
-
69
income
-
-
-
8 818
other
-
-
-
-
health
-
-
-
2 840
surtax
-
-
-
1 215
total
-
-
-
20 942
Employee
10 247
-
33 044
-
health
262
-
842
-
unemployment
713
-
2 300
-
pensions
684
-
2 204
-
income
1 718
-
8 191
-
other
-
-
-
-
surtax
36
-
1 111
-
total
3 413
-
14 648
-
Employer
10 247
-
33 044
-
health
466
-
1 504
-
pensions
1 366
-
4 404
-
unemployment
325
-
1 047
-
other
-
-
-
-
total
2 157
-
6 955
-
Corporate
27 596
40 000
-
-
income
7 175
10 400
-
-
total
7 175
10 400
-
-
Dividends
20 421
29 600
-
-
withholding
3 063
4 440
-
-
total
3 063
4 440
-
-
Income
40 000
40 000
40 000
40 000
Total tax
15 808
14 840
21 603
20 942
After tax
24 192
25 160
18 397
19 058
Living cost
6 834
6 834
6 834
6 834
Free-cash
17 358
18 326
11 563
12 224

Estimated living cost  is ₴6834 per week

₴4126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴594
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴159
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Graz , Austria
₴12437
₴1207
₴10497
₴12588
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
6 576
chamber of commerce
-
-
-
160
unemployment
-
-
-
1 866
income
-
-
-