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
₴ 42000
per

Your estimated
City
free-cash

Dresden , Germany
₴8223
₴12978
₴13537
₴17006
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.

-
-
-
42 000
trade
-
-
-
3 469
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.

-
-
-
8 574
health

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

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

-
-
-
2 935
surtax

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

-
-
-
471
total
-
-
-
15 449
Employee

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

16 434
-
42 000
-
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.

2 935
-
2 935
-
surtax

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

25
-
471
-
income

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

459
-
8 574
-
total
3 419
-
11 980
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
25 566
42 000
-
-
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.

211
347
-
-
income
3 835
6 300
-
-
trade
4 027
6 615
-
-
chamber of commerce
102
126
-
-
total
8 175
13 388
-
-
Dividends
17 392
28 613
-
-
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.

230
385
-
-
withholding
4 184
6 990
-
-
total
4 414
7 375
-
-
Income
42 000
42 000
42 000
42 000
Total tax
16 008
20 763
11 980
15 449
After tax
25 992
21 237
30 020
26 551
Living cost
13 014
13 014
13 014
13 014
Free-cash
12 978
8 223
17 006
13 537

Estimated living cost  is ₴13014 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
₴4528
₴4167
₴3700
₴4029
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
-
-
-
42 000
municipal
-
-
-
4 365
pensions
-
-
-
5 040
national
-
-
-
6 764
social contributions
-
-
-
451
total
-
-
-
16 620
Employee
33 608
-
36 309
-
municipal
4 151
-
4 528
-
pensions
1 344
-
1 452
-
national
6 433
-
7 016
-
total
11 928
-
12 996
-
Employer
33 608
-
36 309
-
social contributions
361
-
390
-
pensions
2 689
-
2 905
-
total
3 050
-
3 295
-
Corporate
3 124
42 000
-
-
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%.

625
8 400
-
-
total
625
8 400
-
-
Dividends
2 499
33 600
-
-
withholding
550
7 392
-
-
total
550
7 392
-
-
Income
42 000
42 000
42 000
42 000
Total tax
16 153
15 792
16 291
16 620
After tax
25 847
26 208
25 709
25 380
Living cost
21 680
21 680
21 680
21 680
Free-cash
4 167
4 528
4 029
3 700

Estimated living cost  is ₴21680 per week

₴14736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴24661
₴21137
₴13493
₴14745
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.

-
-
-
42 000
microenterprise
-
-
-
-
income
-
-
-
6 065
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.

-
-
-
13 503
total
-
-
-
19 568
Employee
12 555
-
33 846
-
social contributions

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

1 381
-
3 723
-
surtax
-
-
-
-
income
2 235
-
6 439
-
total
3 616
-
10 162
-
Employer
12 555
-
33 846
-
social contributions

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

3 024
-
8 154
-
surtax
-
-
-
-
total
3 024
-
8 154
-
Corporate
26 421
42 000
-
-
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%.

5 284
8 400
-
-
total
5 284
8 400
-
-
Dividends

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

21 137
33 600
-
-
total
-
-
-
-
Income
42 000
42 000
42 000
42 000
Total tax
11 924
8 400
18 316
19 568
After tax
30 076
33 600
23 684
22 432
Living cost
8 939
8 939
8 939
8 939
Free-cash
21 137
24 661
14 745
13 493

Estimated living cost  is ₴8939 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
₴1746
-₴666
₴5846
-₴666
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
-
-
-
42 000
income
-
-
-
8 028
pensions
-
-
-
5 034
health
-
-
-
5 093
total
-
-
-
18 155
Employee
36 691
36 691
36 691
-
health
5 632
4 790
5 632
-
income

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

6 006
6 006
6 006
-
pensions
6 604
5 034
6 604
-
total
18 242
15 830
18 242
-
Employer
36 691
36 691
36 691
-
unemployment
1 321
1 321
1 321
-
pensions
2 554
2 554
2 554
-
health
2 550
2 550
2 550
-
total
6 425
6 425
6 425
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
42 000
42 000
42 000
42 000
Total tax
24 667
22 255
24 667
18 155
After tax
17 333
19 745
17 333
23 845
Living cost
17 999
17 999
17 999
17 999
Free-cash
-666
1 746
-666
5 846

Estimated living cost  is ₴17999 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴6266
₴5891
₴5384
₴5762
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
-
-
-
42 000
municipal
-
-
-
9 369
accident
-
-
-
73
pensions
-
-
-
3 948
other
-
-
-
4 244
unemployment
-
-
-
37
health
-
-
-
2 279
national
-
-
-
-
total
-
-
-
19 950
Employee
23 748
-
31 959
-
municipal
7 082
-
9 530
-
national
-
-
-
-
total
7 082
-
9 530
-
Employer
23 748
-
31 959
-
accident
48
-
64
-
other
2 760
-
3 714
-
unemployment
627
-
844
-
pensions
2 567
-
3 455
-
health
1 460
-
1 965
-
total
7 462
-
10 042
-
Corporate
10 791
42 000
-
-
income
2 374
9 240
-
-
total
2 374
9 240
-
-
Dividends
8 417
32 760
-
-
withholding
2 525
9 828
-
-
total
2 525
9 828
-
-
Income
42 000
42 000
42 000
42 000
Total tax
19 443
19 068
19 572
19 950
After tax
22 557
22 932
22 428
22 050
Living cost
16 666
16 666
16 666
16 666
Free-cash
5 891
6 266
5 762
5 384

Estimated living cost  is ₴16666 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
₴4142
₴10182
₴9518
₴13141
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.

-
-
-
42 000
trade
-
-
-
3 623
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.

-
-
-
8 574
health

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

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

-
-
-
2 935
surtax

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

-
-
-
471
total
-
-
-
15 603
Employee

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

21 789
-
42 000
-
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.

2 935
-
2 935
-
surtax

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

103
-
471
-
income

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

1 872
-
8 574
-
total
4 910
-
11 980
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 211
42 000
-
-
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.

166
347
-
-
income
3 031
6 300
-
-
trade
3 325
6 909
-
-
chamber of commerce
94
125
-
-
total
6 616
13 681
-
-
Dividends
13 595
28 319
-
-
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.

178
381
-
-
withholding
3 235
6 917
-
-
total
3 413
7 298
-
-
Income
42 000
42 000
42 000
42 000
Total tax
14 939
20 979
11 980
15 603
After tax
27 061
21 021
30 020
26 397
Living cost
16 879
16 879
16 879
16 879
Free-cash
10 182
4 142
13 141
9 518

Estimated living cost  is ₴16879 per week

₴11289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1780
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
₴16813
₴15032
₴15991
₴15951
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
-
-
-
42 000
income
-
-
-
4 450
health
-
-
-
1 071
social contributions
-
-
-
6 552
total
-
-
-
12 073
Employee
33 039
33 039
38 130
-
social contributions
1 605
2 742
3 164
-
health
329
562
648
-
income
3 469
3 058
4 432
-
total
5 403
6 362
8 244
-
Employer
33 039
33 039
38 130
-
social contributions
1 605
2 742
3 164
-
health
358
612
705
-
total
1 963
3 354
3 869
-
Corporate
20 697
5 608
-
-
income
2 587
701
-
-
total
2 587
701
-
-
Dividends
18 110
4 907
-
-
withholding
3 079
834
-
-
total
3 079
834
-
-
Income
42 000
42 000
42 000
42 000
Total tax
13 032
11 251
12 113
12 073
After tax
28 968
30 749
29 887
29 927
Living cost
13 936
13 936
13 936
13 936
Free-cash
15 032
16 813
15 951
15 991

Estimated living cost  is ₴13936 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
₴15864
₴16028
₴21297
₴16548
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
-
-
-
42 000
income
-
-
-
5 134
pensions
-
-
-
4 200
unemployment
-
-
-
630
health
-
-
-
2 940
total
-
-
-
12 904
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.

11 258
4 481
35 146
-
health
788
314
2 460
-
income
1 376
548
4 297
-
pensions
1 126
448
3 515
-
unemployment
169
67
527
-
total
3 459
1 377
10 799
-
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.

11 258
4 481
35 146
-
pensions
2 195
874
6 854
-
total
2 195
874
6 854
-
Corporate
28 546
36 646
-
-
income
2 569
3 298
-
-
total
2 569
3 298
-
-
Dividends
25 977
33 348
-
-
social contributions
5 014
6 452
-
-
withholding
4 936
6 336
-
-
total
9 950
12 788
-
-
Income
42 000
42 000
42 000
42 000
Total tax
18 173
18 337
17 653
12 904
After tax
23 827
23 663
24 347
29 096
Living cost
7 799
7 799
7 799
7 799
Free-cash
16 028
15 864
16 548
21 297

Estimated living cost  is ₴7799 per week

₴5322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴23222
₴20553
₴12134
₴13830
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
-
-
-
42 000
income
-
-
-
5 628
pensions
-
-
-
8 400
health
-
-
-
5 460
total
-
-
-
19 488
Employee
12 189
-
31 390
-
income
1 372
-
6 052
-
pensions
244
-
628
-
unemployment
195
-
502
-
total
1 811
-
7 182
-
Employer
12 189
-
31 390
-
unemployment
98
-
251
-
pensions
2 438
-
6 278
-
health
1 584
-
4 081
-
total
4 120
-
10 610
-
Corporate
25 691
42 000
-
-
income
5 138
8 400
-
-
total
5 138
8 400
-
-
Dividends
20 553
33 600
-
-
total
-
-
-
-
Income
42 000
42 000
42 000
42 000
Total tax
11 069
8 400
17 792
19 488
After tax
30 931
33 600
24 208
22 512
Living cost
10 378
10 378
10 378
10 378
Free-cash
20 553
23 222
13 830
12 134

Estimated living cost  is ₴10378 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-₴6027
₴1956
₴19403
₴12208
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
-
-
-
42 000
accident
-
-
-
108
income
-
-
-
10 183
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
13 168
Employee
14 833
-
35 803
-
health
1 698
-
4 099
-
income
2 035
-
6 797
-
pensions
1 670
-
3 270
-
total
5 403
-
14 166
-
Employer
14 833
-
35 803
-
accident
248
-
598
-
unemployment
363
-
877
-
pensions
2 412
-
4 722
-
total
3 023
-
6 197
-
Corporate
24 144
42 000
-
-
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.

21 730
37 800
-
-
total
21 730
37 800
-
-
Dividends
2 414
4 200
-
-
withholding
459
798
-
-
total
459
798
-
-
Income
42 000
42 000
42 000
42 000
Total tax
30 615
38 598
20 363
13 168
After tax
11 385
3 402
21 637
28 832
Living cost
9 429
9 429
9 429
9 429
Free-cash
1 956
-6 027
12 208
19 403

Estimated living cost  is ₴9429 per week

₴6911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1799
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴36007
₴35277
₴37687
₴29707
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%.

-
-
-
42 000
microenterprise

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

-
-
-
420
total
-
-
-
420
Employee
4 865
-
42 000
-
income
973
-
8 400
-
total
973
-
8 400
-
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%.

37 135
42 000
-
-
total
-
-
-
-
Dividends
37 135
42 000
-
-
withholding
1 857
2 100
-
-
total
1 857
2 100
-
-
Income
42 000
42 000
42 000
42 000
Total tax
2 830
2 100
8 400
420
After tax
39 170
39 900
33 600
41 580
Living cost
3 893
3 893
3 893
3 893
Free-cash
35 277
36 007
29 707
37 687

Estimated living cost  is ₴3893 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴19408
₴16505
₴11293
₴13165
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
-
-
-
42 000
income
-
-
-
5 335
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.

-
-
-
10 080
other
-
-
-
1 995
health
-
-
-
1 848
total
-
-
-
19 258
Employee
15 600
-
33 547
-
health
219
-
470
-
income
2 686
-
5 780
-
pensions

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

1 092
-
2 348
-
unemployment
156
-
335
-
total
4 153
-
8 933
-
Employer
15 600
-
33 547
-
accident
125
-
268
-
other
780
-
1 677
-
unemployment
156
-
335
-
pensions

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

2 652
-
5 703
-
health
219
-
470
-
total
3 932
-
8 453
-
Corporate
22 468
42 000
-
-
income
4 718
8 820
-
-
total
4 718
8 820
-
-
Dividends
17 749
33 180
-
-
withholding
1 243
2 323
-
-
total
1 243
2 323
-
-
Income
42 000
42 000
42 000
42 000
Total tax
14 046
11 143
17 386
19 258
After tax
27 954
30 857
24 614
22 742
Living cost
11 449
11 449
11 449
11 449
Free-cash
16 505
19 408
13 165
11 293

Estimated living cost  is ₴11449 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
₴2413
-₴4176
₴1748
-₴2367
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
-
-
-
42 000
income
-
-
-
8 486
pensions
-
-
-
3 063
total
-
-
-
11 549
Employee
40 610
-
37 000
-
health
669
-
595
-
income
7 320
-
6 584
-
pensions
3 918
-
3 485
-
total
11 907
-
10 664
-
Employer
40 610
-
37 000
-
pensions
4 795
-
4 297
-
health
771
-
703
-
total
5 566
-
5 000
-
Corporate
-
42 000
-
-
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.

-
7 980
-
-
total
-
7 980
-
-
Dividends
-
34 020
-
-
withholding
-
2 904
-
-
total
-
2 904
-
-
Income
42 000
42 000
42 000
42 000
Total tax
17 473
10 884
15 664
11 549
After tax
24 527
31 116
26 336
30 451
Living cost
28 703
28 703
28 703
28 703
Free-cash
-4 176
2 413
-2 367
1 748

Estimated living cost  is ₴28703 per week

₴21508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₴30277
₴28280
₴26060
₴27344
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
-
-
-
42 000
income
-
-
-
6 300
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
10 307
Employee
7 458
-
39 056
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
3 906
-
pensions

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

655
-
1 318
-
total
1 826
-
6 079
-
Employer
7 458
-
39 056
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 654
-
health
515
-
1 035
-
total
1 464
-
2 944
-
Corporate
33 078
42 000
-
-
income
3 308
4 200
-
-
total
3 308
4 200
-
-
Dividends
29 770
37 800
-
-
withholding
1 489
1 890
-
-
total
1 489
1 890
-
-
Income
42 000
42 000
42 000
42 000
Total tax
8 087
6 090
9 023
10 307
After tax
33 913
35 910
32 977
31 693
Living cost
5 633
5 633
5 633
5 633
Free-cash
28 280
30 277
27 344
26 060

Estimated living cost  is ₴5633 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴4080
-₴4809
₴20
-₴6492
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
-
-
-
42 000
income
-
-
-
8 028
pensions
-
-
-
5 034
health
-
-
-
5 093
total
-
-
-
18 155
Employee
39 835
36 691
36 691
-
health
4 970
4 790
5 632
-
income

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

6 006
6 006
6 006
-
pensions
5 034
5 034
6 604
-
total
16 010
15 830
18 242
-
Employer
39 835
36 691
36 691
-
unemployment
1 434
1 321
1 321
-
pensions
2 772
2 554
2 554
-
health
2 768
2 550
2 550
-
total
6 974
6 425
6 425
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
42 000
42 000
42 000
42 000
Total tax
22 984
22 255
24 667
18 155
After tax
19 016
19 745
17 333
23 845
Living cost
23 825
23 825
23 825
23 825
Free-cash
-4 809
-4 080
-6 492
20

Estimated living cost  is ₴23825 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴18642
₴14976
₴10181
₴11039
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
-
-
-
42 000
income
-
-
-
3 610
health
-
-
-
5 670
solidarity contribution
-
-
-
-
social contributions
-
-
-
12 264
total
-
-
-
21 544
Employee
15 110
-
31 343
-
social contributions
982
-
2 037
-
health
2 040
-
4 231
-
solidarity contribution
-
-
-
-
income
1 813
-
3 761
-
total
4 835
-
10 029
-
Employer
15 110
-
31 343
-
social contributions
3 778
-
7 836
-
health
1 360
-
2 821
-
total
5 138
-
10 657
-
Corporate
21 752
42 000
-
-
income
4 133
7 980
-
-
total
4 133
7 980
-
-
Dividends
17 619
34 020
-
-
withholding
2 643
5 103
-
-
total
2 643
5 103
-
-
Income
42 000
42 000
42 000
42 000
Total tax
16 749
13 083
20 686
21 544
After tax
25 251
28 917
21 314
20 456
Living cost
10 275
10 275
10 275
10 275
Free-cash
14 976
18 642
11 039
10 181

Estimated living cost  is ₴10275 per week

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

Source of data for Brno model

Close
Milan , Italy
₴4279
₴2036
₴3501
₴1502
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
-
-
-
42 000
municipal
-
-
-
249
regional
-
-
-
462
national
-
-
-
8 855
social contributions
-
-
-
10 803
total
-
-
-
20 369
Employee
38 185
-
42 000
-
social contributions
12 876
-
14 163
-
regional
360
-
404
-
municipal
202
-
223
-
national
6 617
-
7 578
-
total
20 055
-
22 368
-
Employer
38 185
-
42 000
-
total
-
-
-
-
Corporate
3 815
42 000
-
-
nationa
916
10 080
-
-
municipal
148
1 638
-
-
total
1 064
11 718
-
-
Dividends
2 751
30 282
-
-
withholding
715
7 873
-
-
total
715
7 873
-
-
Income
42 000
42 000
42 000
42 000
Total tax
21 834
19 591
22 368
20 369
After tax
20 166
22 409
19 632
21 631
Living cost
18 130
18 130
18 130
18 130
Free-cash
2 036
4 279
1 502
3 501

Estimated living cost  is ₴18130 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
₴16937
₴15600
₴12226
₴11412
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
-
-
-
42 000
income
-
-
-
7 868
pensions
-
-
-
8 400
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 982
surtax
-
-
-
945
total
-
-
-
20 293
Employee
14 209
-
34 697
-
other
-
-
-
-
health
363
-
885
-
surtax
46
-
852
-
income
2 382
-
7 337
-
pensions
947
-
2 314
-
unemployment
989
-
2 415
-
total
4 727
-
13 803
-
Employer
14 209
-
34 697
-
other
-
-
-
-
unemployment
450
-
1 100
-
pensions
1 894
-
4 625
-
health
647
-
1 579
-
total
2 991
-
7 304
-
Corporate
24 801
42 000
-
-
income
6 448
10 920
-
-
total
6 448
10 920
-
-
Dividends
18 353
31 080
-
-
withholding
2 753
4 662
-
-
total
2 753
4 662
-
-
Income
42 000
42 000
42 000
42 000
Total tax
16 919
15 582
21 107
20 293
After tax
25 081
26 418
20 893
21 707
Living cost
9 481
9 481
9 481
9 481
Free-cash
15 600
16 937
11 412
12 226

Estimated living cost  is ₴9481 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴11507
₴8482
₴10842
₴6727
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
-
-
-
42 000
income
-
-
-
8 486
pensions
-
-
-
3 063
total
-
-
-
11 549
Employee
27 216
-
37 000
-
health
395
-
595
-
income
4 902
-
6 584
-
pensions
2 310
-
3 485
-
total
7 607
-
10 664
-
Employer
27 216
-
37 000
-
pensions
2 946
-
4 297
-
health
517
-
703
-
total
3 463
-
5 000
-
Corporate
11 321
42 000
-
-
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.

2 151
7 980
-
-
total
2 151
7 980
-
-
Dividends
9 170
34 020
-
-
withholding
688
2 904
-
-
total
688
2 904
-
-
Income
42 000
42 000
42 000
42 000
Total tax
13 909
10 884
15 664
11 549
After tax
28 091
31 116
26 336
30 451
Living cost
19 609
19 609
19 609
19 609
Free-cash
8 482
11 507
6 727
10 842

Estimated living cost  is ₴19609 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴13472
₴116
₴2403
₴287
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
-
-
-
42 000
city
-
-
-
442
pensions
-
-
-
3 864
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.

-
-
-
840
regional
-
-
-
1 418
health
-
-
-
107
national
-
-
-
248
total
-
-
-
6 919
Employee
38 242
-
37 591
-
city
410
-
404
-
regional
1 252
-
1 217
-
health
86
-
85
-
pensions
3 213
-
3 158
-
unemployment
-
-
-
-
national
181
-
176
-
total
5 142
-
5 040
-
Employer
38 242
-
37 591
-
other

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

765
-
752
-
unemployment
-
-
-
-
pensions
3 213
-
3 158
-
health
86
-
85
-
total
4 064
-
3 995
-
Corporate
-
42 000
-
-
regional
-
8 883
-
-
national
-
3 570
-
-
total
-
12 453
-
-
Dividends
-
29 546
-
-
withholding
-
10 341
-
-
total
-
10 341
-
-
Income
42 000
42 000
42 000
42 000
Total tax
9 206
22 794
9 035
6 919
After tax
32 794
19 206
32 965
35 081
Living cost
32 678
32 678
32 678
32 678
Free-cash
116
-13 472
287
2 403

Estimated living cost  is ₴32678 per week

₴21250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴401
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
₴1122
₴8091
₴6560
₴10337
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.

-
-
-
42 000
trade
-
-
-
3 777
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.

-
-
-
8 574
health

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

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

-
-
-
2 935
surtax

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

-
-
-
471
total
-
-
-
15 757
Employee

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

25 822
-
42 000
-
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.

2 935
-
2 935
-
surtax

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

167
-
471
-
income

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

3 036
-
8 574
-
total
6 138
-
11 980
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 178
42 000
-
-
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.

134
347
-
-
income
2 426
6 300
-
-
trade
2 775
7 203
-
-
chamber of commerce
88
125
-
-
total
5 423
13 975
-
-
Dividends
10 755
28 026
-
-
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.

139
377
-
-
withholding
2 526
6 843
-
-
total
2 665
7 220
-
-
Income
42 000
42 000
42 000
42 000
Total tax
14 226
21 195
11 980
15 757
After tax
27 774
20 805
30 020
26 243
Living cost
19 683
19 683
19 683
19 683
Free-cash
8 091
1 122
10 337
6 560

Estimated living cost  is ₴19683 per week

₴14376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3477
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Munich model

Close
Nice , France
₴6469
₴9008
₴9511
₴9106
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
-
-
-
42 000
income
-
-
-
3 863
pensions
-
-
-
10 700
other
-
-
-
1 304
health
-
-
-
725
surtax
-
-
-
-
social contributions
-
-
-
1 197
total
-
-
-
17 789
Employee
18 389
-
32 004
-
social contributions
524
-
912
-
surtax
-
-
-
-
income
1 085
-
3 667
-
pensions
2 079
-
3 619
-
total
3 688
-
8 198
-
Employer
18 389
-
32 004
-
other
634
-
1 104
-
social contributions
55
-
96
-
unemployment
744
-
1 296
-
pensions
3 021
-
5 259
-
health
1 287
-
2 241
-
total
5 741
-
9 996
-
Corporate
17 869
42 000
-
-
surtax
-
-
-
-
income
5 003
11 760
-
-
total
5 003
11 760
-
-
Dividends
12 866
30 240
-
-
surtax
-
-
-
-
social contributions
2 213
5 201
-
-
withholding
1 647
3 870
-
-
total
3 860
9 071
-
-
Income
42 000
42 000
42 000
42 000
Total tax
18 292
20 831
18 194
17 789
After tax
23 708
21 169
23 806
24 211
Living cost
14 700
14 700
14 700
14 700
Free-cash
9 008
6 469
9 106
9 511

Estimated living cost  is ₴14700 per week

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

Source of data for Nice model

Close
Marseille , France
₴7925
₴10310
₴10967
₴10562
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
-
-
-
42 000
income
-
-
-
3 863
pensions
-
-
-
10 700
other
-
-
-
1 304
health
-
-
-
725
surtax
-
-
-
-
social contributions
-
-
-
1 197
total
-
-
-
17 789
Employee
16 414
-
32 004
-
social contributions
468
-
912
-
surtax
-
-
-
-
income
846
-
3 667
-
pensions
1 857
-
3 619
-
total
3 171
-
8 198
-
Employer
16 414
-
32 004
-
other
567
-
1 104
-
social contributions
49
-
96
-
unemployment
665
-
1 296
-
pensions
2 697
-
5 259
-
health
1 149
-
2 241
-
total
5 127
-
9 996
-
Corporate
20 459
42 000
-
-
surtax
-
-
-
-
income
5 729
11 760
-
-
total
5 729
11 760
-
-
Dividends
14 731
30 240
-
-
surtax
-
-
-
-
social contributions
2 533
5 201
-
-
withholding
1 886
3 870
-
-
total
4 419
9 071
-
-
Income
42 000
42 000
42 000
42 000
Total tax
18 446
20 831
18 194
17 789
After tax
23 554
21 169
23 806
24 211
Living cost
13 244
13 244
13 244
13 244
Free-cash
10 310
7 925
10 562
10 967

Estimated living cost  is ₴13244 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
₴16513
₴16735
₴17862
₴17986
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
-
-
-
42 000
income
-
-
-
6 300
health
-
-
-
2 931
social contributions
-
-
-
5 796
total
-
-
-
15 027
Employee
14 568
-
42 000
-
social contributions
2 011
-
5 796
-
health
1 017
-
2 931
-
income
2 430
-
6 176
-
total
5 458
-
14 903
-
Employer
14 568
-
42 000
-
total
-
-
-
-
Corporate
27 432
42 000
-
-
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%.

1 371
2 100
-
-
total
1 371
2 100
-
-
Dividends
26 061
39 900
-
-
health
1 819
2 785
-
-
social contributions
3 597
5 506
-
-
withholding
3 909
5 985
-
-
total
9 325
14 276
-
-
Income
42 000
42 000
42 000
42 000
Total tax
16 154
16 376
14 903
15 027
After tax
25 846
25 624
27 097
26 973
Living cost
9 111
9 111
9 111
9 111
Free-cash
16 735
16 513
17 986
17 862

Estimated living cost  is ₴9111 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
₴8421
₴7757
₴6207
-₴2273
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
-
-
-
42 000
chamber of commerce
-
-
-
168
income
-
-
-
6 783
pensions
-
-
-
7 770
unemployment
-
-
-
2 635
health
-
-
-
3 213
surtax
-
-
-
85
total
-
-
-
20 654
Employee
21 472
17 122
32 547
-
other
214
171
325
-
health
831
663
1 260
-
income
2 444
1 263
6 057
-
pensions
2 199
1 753
3 333
-
unemployment
644
514
977
-
total
6 332
4 364
11 952
-
Employer
21 472
17 122
32 547
-
accident
279
223
423
-
other
1 020
813
1 546
-
chamber of commerce
86
68
130
-
unemployment
644
514
977
-
surtax
85
85
85
-
pensions
2 695
2 149
4 085
-
payroll
644
514
977
-
health
811
647
1 230
-
total
6 264
5 013
9 453
-
Corporate
14 264
19 865
30 916
-
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.

3 566
4 966
7 729
-
total
3 566
4 966
7 729
-
Dividends
10 698
14 898
-
-
withholding
2 942
4 097
-
-
total
2 942
4 097
-
-
Income
42 000
42 000
42 000
42 000
Total tax
19 104
18 440
29 134
20 654
After tax
22 896
23 560
12 866
21 346
Living cost
15 139
15 139
15 139
15 139
Free-cash
7 757
8 421
-2 273
6 207

Estimated living cost  is ₴15139 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
₴7893
₴1449
₴4178
₴763
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
-
-
-
42 000
national
-
-
-
13 526
communal

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

-
-
-
2 130
social contributions
-
-
-
6 500
total
-
-
-
22 156
Employee

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

30 734
-
32 530
-
communal

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

1 603
-
1 697
-
health

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

1 444
-
1 529
-
pensions

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

2 305
-
2 440
-
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
-
283
-
national
9 449
-
10 152
-
total
15 068
-
16 101
-
Employer

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

30 734
-
32 530
-
accident

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

400
-
423
-
unemployment

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

448
-
475
-
surtax
3 485
-
3 689
-
pensions

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

2 723
-
2 882
-
health

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

1 890
-
2 001
-
total
8 946
-
9 470
-
Corporate
2 320
42 000
-
-
surtax
9
168
-
-
income
464
8 400
-
-
total
473
8 568
-
-
Dividends
1 847
33 432
-
-
withholding

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

398
9 873
-
-
total
398
9 873
-
-
Income
42 000
42 000
42 000
42 000
Total tax
24 885
18 441
25 571
22 156
After tax
17 115
23 559
16 429
19 844
Living cost
15 666
15 666
15 666
15 666
Free-cash
1 449
7 893
763
4 178

Estimated living cost  is ₴15666 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
₴12784
₴9361
₴6920
₴6779
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
-
-
-
42 000
accident
-
-
-
359
income
-
-
-
7 615
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
19 563
Employee
21 387
-
31 848
-
other
21
-
32
-
income
4 513
-
7 531
-
pensions
1 005
-
1 497
-
unemployment
332
-
493
-
total
5 871
-
9 553
-
Employer
21 387
-
31 848
-
accident
423
-
630
-
other
170
-
254
-
unemployment
1 177
-
1 751
-
pensions
5 047
-
7 516
-
total
6 817
-
10 151
-
Corporate
13 796
42 000
-
-
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.

2 069
6 300
-
-
total
2 069
6 300
-
-
Dividends
11 726
35 700
-
-
withholding
2 365
7 399
-
-
total
2 365
7 399
-
-
Income
42 000
42 000
42 000
42 000
Total tax
17 122
13 699
19 704
19 563
After tax
24 878
28 301
22 296
22 437
Living cost
15 517
15 517
15 517
15 517
Free-cash
9 361
12 784
6 779
6 920

Estimated living cost  is ₴15517 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴2385
-₴494
₴814
₴2729
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
-
-
-
42 000
accident
-
-
-
354
income
-
-
-
3 500
pensions
-
-
-
6 295
health
-
-
-
2 951
surtax
-
-
-
2 082
communal
-
-
-
2 655
total
-
-
-
17 837
Employee
32 538
-
37 517
-
health
1 448
-
1 669
-
surtax
1 994
-
2 299
-
income
3 143
-
4 470
-
pensions
2 603
-
3 001
-
total
9 188
-
11 439
-
Employer
32 538
-
37 517
-
accident
293
-
338
-
pensions
2 603
-
3 001
-
health
992
-
1 144
-
total
3 888
-
4 483
-
Corporate
5 575
42 000
-
-
surtax
59
441
-
-
communal
-
2 835
-
-
income
837
6 300
-
-
total
896
9 576
-
-
Dividends
4 680
32 424
-
-
income
4 471
1 826
-
-
withholding
702
4 864
-
-
total
5 173
6 690
-
-
Income
42 000
42 000
42 000
42 000
Total tax
19 145
16 266
15 922
17 837
After tax
22 855
25 734
26 078
24 163
Living cost
23 349
23 349
23 349
23 349
Free-cash
-494
2 385
2 729
814

Estimated living cost  is ₴23349 per week

₴17515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴16767
₴15401
₴12056
₴11242
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
-
-
-
42 000
income
-
-
-
7 868
pensions
-
-
-
8 400
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
2 982
surtax
-
-
-
945
total
-
-
-
20 293
Employee
14 469
-
34 697
-
other
-
-
-
-
health
369
-
885
-
surtax
51
-
852
-
income
2 426
-
7 337
-
pensions
965
-
2 314
-
unemployment
1 007
-
2 415
-
total
4 818
-
13 803
-
Employer
14 469
-
34 697
-
other
-
-
-
-
unemployment
459
-
1 100
-
pensions
1 929
-
4 625
-
health
658
-
1 579
-
total
3 046
-
7 304
-
Corporate
24 484
42 000
-
-
income
6 366
10 920
-
-
total
6 366
10 920
-
-
Dividends
18 118
31 080
-
-
withholding
2 718
4 662
-
-
total
2 718
4 662
-
-
Income
42 000
42 000
42 000
42 000
Total tax
16 948
15 582
21 107
20 293
After tax
25 052
26 418
20 893
21 707
Living cost
9 651
9 651
9 651
9 651
Free-cash
15 401
16 767
11 242
12 056

Estimated living cost  is ₴9651 per week

₴5827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴10503
₴9548
₴9886
₴7897
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
-
-
-
42 000
municipal
-
-
-
249
regional
-
-
-
633
national
-
-
-
8 855
social contributions
-
-
-
10 803
total
-
-
-
20 540
Employee
23 834
-
42 000
-
social contributions
8 037
-
14 163
-
regional
321
-
565
-
municipal
126
-
223
-
national
3 776
-
7 578
-
total
12 260
-
22 529
-
Employer
23 834
-
42 000
-
total
-
-
-
-
Corporate
18 166
42 000
-
-
nationa
4 360
10 080
-
-
municipal
903
2 087
-
-
total
5 263
12 167
-
-
Dividends
12 904
29 832
-
-
withholding
3 355
7 756
-
-
total
3 355
7 756
-
-
Income
42 000
42 000
42 000
42 000
Total tax
20 878
19 923
22 529
20 540
After tax
21 122
22 077
19 471
21 460
Living cost
11 574
11 574
11 574
11 574
Free-cash
9 548
10 503
7 897
9 886

Estimated living cost  is ₴11574 per week

₴7198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴16256
₴11739
₴7795
₴8653
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
-
-
-
42 000
income
-
-
-
3 610
health
-
-
-
5 670
solidarity contribution
-
-
-
-
social contributions
-
-
-
12 264
total
-
-
-
21 544
Employee
18 620
-
31 343
-
social contributions
1 210
-
2 037
-
health
2 514
-
4 231
-
solidarity contribution
-
-
-
-
income
2 234
-
3 761
-
total
5 958
-
10 029
-
Employer
18 620
-
31 343
-
social contributions
4 655
-
7 836
-
health
1 676
-
2 821
-
total
6 331
-
10 657
-
Corporate
17 050
42 000
-
-
income
3 239
7 980
-
-
total
3 239
7 980
-
-
Dividends
13 810
34 020
-
-
withholding
2 072
5 103
-
-
total
2 072
5 103
-
-
Income
42 000
42 000
42 000
42 000
Total tax
17 600
13 083
20 686
21 544
After tax
24 400
28 917
21 314
20 456
Living cost
12 661
12 661
12 661
12 661
Free-cash
11 739
16 256
8 653
7 795

Estimated living cost  is ₴12661 per week

₴9416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴9898
₴9688
₴7723
-₴825
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
-
-
-
42 000
chamber of commerce
-
-
-
168
income
-
-
-
6 783
pensions
-
-
-
7 770
unemployment
-
-
-
2 635
health
-
-
-
3 213
surtax
-
-
-
-
total
-
-
-
20 569
Employee
18 782
17 122
32 614
-
other
188
171
326
-
health
726
663
1 262
-
income
1 673
1 263
6 080
-
pensions
1 923
1 753
3 340
-
unemployment
563
514
978
-
total
5 073
4 364
11 986
-
Employer
18 782
17 122
32 614
-
accident
244
223
424
-
other
892
813
1 549
-
chamber of commerce
75
68
130
-
unemployment
563
514
978
-
surtax
-
-
-
-
pensions
2 357
2 149
4 093
-
payroll
563
514
978
-
health
710
647
1 233
-
total
5 404
4 928
9 385
-
Corporate
17 813
19 950
30 983
-
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.

4 453
4 988
7 746
-
total
4 453
4 988
7 746
-
Dividends
13 360
14 962
-
-
withholding
3 674
4 114
-
-
total
3 674
4 114
-
-
Income
42 000
42 000
42 000
42 000
Total tax
18 604
18 394
29 117
20 569
After tax
23 396
23 606
12 883
21 431
Living cost
13 708
13 708
13 708
13 708
Free-cash
9 688
9 898
-825
7 723

Estimated living cost  is ₴13708 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
₴33834
₴32696
₴35514
₴27534
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%.

-
-
-
42 000
microenterprise

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

-
-
-
420
total
-
-
-
420
Employee
7 582
-
42 000
-
income
1 517
-
8 400
-
total
1 517
-
8 400
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

34 418
42 000
-
-
total
-
-
-
-
Dividends
34 418
42 000
-
-
withholding
1 721
2 100
-
-
total
1 721
2 100
-
-
Income
42 000
42 000
42 000
42 000
Total tax
3 238
2 100
8 400
420
After tax
38 762
39 900
33 600
41 580
Living cost
6 066
6 066
6 066
6 066
Free-cash
32 696
33 834
27 534
35 514

Estimated living cost  is ₴6066 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴17393
₴13801
₴10249
₴9044
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.

-
-
-
42 000
income
-
-
-
8 362
pensions
-
-
-
7 670
unemployment
-
-
-
63
health
-
-
-
4 132
total
-
-
-
20 227
Employee

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

19 000
-
36 341
-
health
1 227
-
2 348
-
income
3 276
-
7 742
-
pensions
2 945
-
5 632
-
unemployment
27
-
51
-
total
7 475
-
15 773
-
Employer

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

19 000
-
36 341
-
unemployment
11
-
22
-
pensions
1 681
-
3 216
-
health
1 265
-
2 421
-
total
2 957
-
5 659
-
Corporate
20 042
42 000
-
-
income
3 808
7 980
-
-
total
3 808
7 980
-
-
Dividends
16 235
34 020
-
-
withholding
2 435
5 103
-
-
total
2 435
5 103
-
-
Income
42 000
42 000
42 000
42 000
Total tax
16 675
13 083
21 432
20 227
After tax
25 325
28 917
20 568
21 773
Living cost
11 524
11 524
11 524
11 524
Free-cash
13 801
17 393
9 044
10 249

Estimated living cost  is ₴11524 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
₴6918
-₴22395
₴10390
₴17684
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
-
-
-
42 000
income
-
-
-
8 187
social contributions
-
-
-
4 788
total
-
-
-
12 975
Employee
26 720
-
-
-
social contributions
2 191
-
312
-
income
5 894
-
-
-
total
8 085
-
312
-
Employer
26 720
-
-
-
social contributions
37 675
-
5 369
-
total
37 675
-
5 369
-
Corporate
-
42 000
-
-
income
-
9 240
-
-
total
-
9 240
-
-
Dividends
-
32 760
-
-
income
-
7 207
-
-
total
-
7 207
-
-
Income
42 000
42 000
42 000
42 000
Total tax
45 760
16 447
5 681
12 975
After tax
-3 760
25 553
36 319
29 025
Living cost
18 635
18 635
18 635
18 635
Free-cash
-22 395
6 918
17 684
10 390

Estimated living cost  is ₴18635 per week

₴12091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴10413
₴9980
₴10057
₴7992
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.

-
-
-
42 000
income
-
-
-
3 871
surtax
-
-
-
-
social contributions

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

-
-
-
14 595
total
-
-
-
18 466
Employee
19 761
-
33 939
-
social contributions
2 174
-
3 734
-
surtax
-
-
-
-
income
4 110
-
8 736
-
total
6 284
-
12 470
-
Employer
19 761
-
33 939
-
social contributions
4 693
-
8 061
-
total
4 693
-
8 061
-
Corporate
17 546
42 000
-
-
surtax
-
-
-
-
income
3 685
8 820
-
-
total
3 685
8 820
-
-
Dividends
13 861
33 180
-
-
withholding
3 881
9 290
-
-
total
3 881
9 290
-
-
Income
42 000
42 000
42 000
42 000
Total tax
18 543
18 110
20 531
18 466
After tax
23 457
23 890
21 469
23 534
Living cost
13 477
13 477
13 477
13 477
Free-cash
9 980
10 413
7 992
10 057

Estimated living cost  is ₴13477 per week

₴10083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴417
₴3369
₴3459
₴3054
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
-
-
-
42 000
income
-
-
-
3 863
pensions
-
-
-
10 700
other
-
-
-
1 304
health
-
-
-
725
surtax
-
-
-
-
social contributions
-
-
-
1 197
total
-
-
-
17 789
Employee
26 910
-
32 004
-
social contributions
766
-
912
-
surtax
-
-
-
-
income
2 348
-
3 667
-
pensions
3 044
-
3 619
-
total
6 158
-
8 198
-
Employer
26 910
-
32 004
-
other
929
-
1 104
-
social contributions
81
-
96
-
unemployment
1 090
-
1 296
-
pensions
4 422
-
5 259
-
health
1 883
-
2 241
-
total
8 405
-
9 996
-
Corporate
6 685
42 000
-
-
surtax
-
-
-
-
income
1 872
11 760
-
-
total
1 872
11 760
-
-
Dividends
4 813
30 240
-
-
surtax
-
-
-
-
social contributions
828
5 201
-
-
withholding
616
3 870
-
-
total
1 444
9 071
-
-
Income
42 000
42 000
42 000
42 000
Total tax
17 879
20 831
18 194
17 789
After tax
24 121
21 169
23 806
24 211
Living cost
20 752
20 752
20 752
20 752
Free-cash
3 369
417
3 054
3 459

Estimated living cost  is ₴20752 per week

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

Source of data for Paris model

Close
Andorra , Andorra
₴24885
₴23442
₴19178
₴20293
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
-
-
-
42 000
income
-
-
-
667
social contributions
-
-
-
9 240
total
-
-
-
9 907
Employee
13 813
-
36 363
-
income
-
-
791
-
social contributions
898
-
2 364
-
total
898
-
3 155
-
Employer
13 813
-
36 363
-
social contributions
2 141
-
5 637
-
total
2 141
-
5 637
-
Corporate
26 046
42 000
-
-
income
2 604
4 200
-
-
total
2 604
4 200
-
-
Dividends
23 442
37 800
-
-
total
-
-
-
-
Income
42 000
42 000
42 000
42 000
Total tax
5 643
4 200
8 792
9 907
After tax
36 357
37 800
33 208
32 093
Living cost
12 915
12 915
12 915
12 915
Free-cash
23 442
24 885
20 293
19 178

Estimated living cost  is ₴12915 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴51614
-₴51614
₴5416
-₴51614
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
-
-
-
42 000
municipal
-
-
-
7 749
pensions
-
-
-
372
national
-
-
-
4 440
labour market
-
-
-
3 330
total
-
-
-
15 891
Employee
87 338
87 338
87 338
-
labour market
6 977
6 977
6 977
-
national
10 670
10 670
10 670
-
municipal
18 598
18 598
18 598
-
pensions
124
124
124
-
total
36 369
36 369
36 369
-
Employer
87 338
87 338
87 338
-
labour market
6 987
6 987
6 987
-
municipal
18 628
18 628
18 628
-
pensions
248
248
248
-
national
10 689
10 689
10 689
-
total
36 552
36 552
36 552
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
42 000
42 000
42 000
42 000
Total tax
72 921
72 921
72 921
15 891
After tax
-30 921
-30 921
-30 921
26 109
Living cost
20 693
20 693
20 693
20 693
Free-cash
-51 614
-51 614
-51 614
5 416

Estimated living cost  is ₴20693 per week

₴14162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴5888
₴1977
₴19542
₴12347
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
-
-
-
42 000
accident
-
-
-
108
income
-
-
-
10 183
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
13 168
Employee
14 614
-
35 803
-
health
1 673
-
4 099
-
income
2 005
-
6 797
-
pensions
1 646
-
3 270
-
total
5 324
-
14 166
-
Employer
14 614
-
35 803
-
accident
244
-
598
-
unemployment
358
-
877
-
pensions
2 376
-
4 722
-
total
2 978
-
6 197
-
Corporate
24 407
42 000
-
-
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.

21 967
37 800
-
-
total
21 967
37 800
-
-
Dividends
2 441
4 200
-
-
withholding
464
798
-
-
total
464
798
-
-
Income
42 000
42 000
42 000
42 000
Total tax
30 733
38 598
20 363
13 168
After tax
11 267
3 402
21 637
28 832
Living cost
9 290
9 290
9 290
9 290
Free-cash
1 977
-5 888
12 347
19 542

Estimated living cost  is ₴9290 per week

₴6762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴530
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴11504
₴10468
₴13436
₴7543
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

-
-
-
42 000
municipal
-
-
-
7 476
health
-
-
-
467
national
-
-
-
4 125
total
-
-
-
12 068
Employee
22 605
-
35 333
-
health
169
-
364
-
municipal
3 703
-
5 769
-
pensions
1 526
-
2 385
-
unemployment
339
-
530
-
national
373
-
2 246
-
total
6 110
-
11 294
-
Employer
22 605
-
35 333
-
accident
23
-
35
-
unemployment
147
-
230
-
pensions
3 922
-
6 130
-
health
174
-
272
-
total
4 266
-
6 667
-
Corporate
15 130
42 000
-
-
income
3 026
8 400
-
-
total
3 026
8 400
-
-
Dividends

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

9 078
25 200
-
-
national
-
1 064
-
-
municipal
1 634
4 536
-
-
total
1 634
5 600
-
-
Income
42 000
42 000
42 000
42 000
Total tax
15 036
14 000
17 961
12 068
After tax
26 964
28 000
24 039
29 932
Living cost
16 496
16 496
16 496
16 496
Free-cash
10 468
11 504
7 543
13 436

Estimated living cost  is ₴16496 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴20801
₴18464
₴19979
₴19939
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
-
-
-
42 000
income
-
-
-
4 450
health
-
-
-
1 071
social contributions
-
-
-
6 552
total
-
-
-
12 073
Employee
33 039
33 039
38 130
-
social contributions
1 249
2 742
3 164
-
health
256
562
648
-
income
3 597
3 058
4 432
-
total
5 102
6 362
8 244
-
Employer
33 039
33 039
38 130
-
social contributions
1 249
2 742
3 164
-
health
278
612
705
-
total
1 527
3 354
3 869
-
Corporate
25 423
5 608
-
-
income
3 177
701
-
-
total
3 177
701
-
-
Dividends
22 245
4 907
-
-
withholding
3 782
834
-
-
total
3 782
834
-
-
Income
42 000
42 000
42 000
42 000
Total tax
13 588
11 251
12 113
12 073
After tax
28 412
30 749
29 887
29 927
Living cost
9 948
9 948
9 948
9 948
Free-cash
18 464
20 801
19 939
19 979

Estimated living cost  is ₴9948 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴27958
₴25773
₴26883
₴19083
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
-
-
-
42 000
income
-
-
-
3 995
pensions
-
-
-
2 733
unemployment
-
-
-
12
health
-
-
-
1 555
total
-
-
-
8 295
Employee

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

9 862
-
38 077
-
health
838
-
3 237
-
income
674
-
3 032
-
pensions
1 479
-
5 712
-
unemployment
49
-
191
-
total
3 040
-
12 172
-
Employer

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

9 862
-
38 077
-
unemployment
49
-
191
-
pensions
542
-
2 095
-
health
424
-
1 637
-
total
1 015
-
3 923
-
Corporate
31 123
42 000
-
-
income
2 801
3 780
-
-
total
2 801
3 780
-
-
Dividends
28 322
38 220
-
-
withholding
2 549
3 440
-
-
total
2 549
3 440
-
-
Income
42 000
42 000
42 000
42 000
Total tax
9 405
7 220
16 095
8 295
After tax
32 595
34 780
25 905
33 705
Living cost
6 822
6 822
6 822
6 822
Free-cash
25 773
27 958
19 083
26 883

Estimated living cost  is ₴6822 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
₴16486
₴14233
₴10622
₴10481
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
-
-
-
42 000
accident
-
-
-
359
income
-
-
-
7 615
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
19 563
Employee
15 887
-
31 848
-
other
15
-
32
-
income
3 063
-
7 531
-
pensions
747
-
1 497
-
unemployment
246
-
493
-
total
4 071
-
9 553
-
Employer
15 887
-
31 848
-
accident
315
-
630
-
other
127
-
254
-
unemployment
874
-
1 751
-
pensions
3 749
-
7 516
-
total
5 065
-
10 151
-
Corporate
21 048
42 000
-
-
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.

3 157
6 300
-
-
total
3 157
6 300
-
-
Dividends
17 891
35 700
-
-
withholding
3 659
7 399
-
-
total
3 659
7 399
-
-
Income
42 000
42 000
42 000
42 000
Total tax
15 952
13 699
19 704
19 563
After tax
26 048
28 301
22 296
22 437
Living cost
11 815
11 815
11 815
11 815
Free-cash
14 233
16 486
10 481
10 622

Estimated living cost  is ₴11815 per week

₴7975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2497
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴25031
₴24837
₴25432
₴25348
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
-
-
-
42 000
income
-
-
-
13 911
pensions
-
-
-
858
health
-
-
-
622
total
-
-
-
15 391
Employee
1 792
-
41 035
-
health
90
-
215
-
income
347
-
13 865
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
616
-
14 509
-
Employer
1 792
-
41 035
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
408
-
total
403
-
966
-
Corporate
39 805
42 000
-
-
income
8 757
9 240
-
-
total
8 757
9 240
-
-
Dividends
31 048
32 760
-
-
withholding
6 210
6 552
-
-
total
6 210
6 552
-
-
Income
42 000
42 000
42 000
42 000
Total tax
15 986
15 792
15 475
15 391
After tax
26 014
26 208
26 525
26 609
Living cost
1 177
1 177
1 177
1 177
Free-cash
24 837
25 031
25 348
25 432

Estimated living cost  is ₴1177 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
₴22915
₴20801
₴14674
₴14674
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.

-
-
-
42 000
income
-
-
-
7 895
pensions
-
-
-
8 255
unemployment
-
-
-
476
health
-
-
-
3 270
total
-
-
-
19 896
Employee

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

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

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

11 204
-
36 316
-
health
577
-
1 635
-
income
1 544
-
7 895
-
pensions
1 569
-
4 445
-
unemployment
84
-
238
-
total
3 774
-
14 213
-
Employer

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

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

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

11 204
-
36 316
-
unemployment
84
-
238
-
pensions
1 344
-
3 810
-
health
577
-
1 635
-
total
2 005
-
5 683
-
Corporate
28 790
42 000
-
-
income
4 319
6 300
-
-
total
4 319
6 300
-
-
Dividends
24 472
35 700
-
-
withholding
3 671
5 355
-
-
total
3 671
5 355
-
-
Income
42 000
42 000
42 000
42 000
Total tax
13 769
11 655
19 896
19 896
After tax
28 231
30 345
22 104
22 104
Living cost
7 430
7 430
7 430
7 430
Free-cash
20 801
22 915
14 674
14 674

Estimated living cost  is ₴7430 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
₴12307
₴12152
₴11951
₴9886
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.

-
-
-
42 000
income
-
-
-
3 871
surtax
-
-
-
-
social contributions

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

-
-
-
14 595
total
-
-
-
18 466
Employee
16 676
-
33 939
-
social contributions
1 835
-
3 734
-
surtax
-
-
-
-
income
3 258
-
8 736
-
total
5 093
-
12 470
-
Employer
16 676
-
33 939
-
social contributions
3 960
-
8 061
-
total
3 960
-
8 061
-
Corporate
21 364
42 000
-
-
surtax
-
-
-
-
income
4 486
8 820
-
-
total
4 486
8 820
-
-
Dividends
16 878
33 180
-
-
withholding
4 726
9 290
-
-
total
4 726
9 290
-
-
Income
42 000
42 000
42 000
42 000
Total tax
18 265
18 110
20 531
18 466
After tax
23 735
23 890
21 469
23 534
Living cost
11 583
11 583
11 583
11 583
Free-cash
12 152
12 307
9 886
11 951

Estimated living cost  is ₴11583 per week

₴8204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴13201
₴9925
₴7337
₴7196
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
-
-
-
42 000
accident
-
-
-
359
income
-
-
-
7 615
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
19 563
Employee
20 750
-
31 848
-
other
20
-
32
-
income
4 334
-
7 531
-
pensions
975
-
1 497
-
unemployment
321
-
493
-
total
5 650
-
9 553
-
Employer
20 750
-
31 848
-
accident
411
-
630
-
other
166
-
254
-
unemployment
1 141
-
1 751
-
pensions
4 897
-
7 516
-
total
6 615
-
10 151
-
Corporate
14 634
42 000
-
-
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.

2 195
6 300
-
-
total
2 195
6 300
-
-
Dividends
12 439
35 700
-
-
withholding
2 515
7 399
-
-
total
2 515
7 399
-
-
Income
42 000
42 000
42 000
42 000
Total tax
16 975
13 699
19 704
19 563
After tax
25 025
28 301
22 296
22 437
Living cost
15 100
15 100
15 100
15 100
Free-cash
9 925
13 201
7 196
7 337

Estimated living cost  is ₴15100 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
₴28520
₴25901
₴24303
₴25587
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
-
-
-
42 000
income
-
-
-
6 300
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
10 307
Employee
9 786
-
39 056
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
979
-
3 906
-
pensions

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

859
-
1 318
-
total
2 396
-
6 079
-
Employer
9 786
-
39 056
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 654
-
health
675
-
1 035
-
total
1 920
-
2 944
-
Corporate
30 294
42 000
-
-
income
3 030
4 200
-
-
total
3 030
4 200
-
-
Dividends
27 265
37 800
-
-
withholding
1 363
1 890
-
-
total
1 363
1 890
-
-
Income
42 000
42 000
42 000
42 000
Total tax
8 709
6 090
9 023
10 307
After tax
33 291
35 910
32 977
31 693
Living cost
7 390
7 390
7 390
7 390
Free-cash
25 901
28 520
25 587
24 303

Estimated living cost  is ₴7390 per week

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

Source of data for Sofia model

Close
Berlin , Germany
₴5082
₴10705
₴10272
₴13432
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.

-
-
-
42 000
trade
-
-
-
3 160
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.

-
-
-
8 574
health

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

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

-
-
-
2 935
surtax

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

-
-
-
471
total
-
-
-
15 140
Employee

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

21 378
-
42 000
-
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.

2 935
-
2 935
-
surtax

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

97
-
471
-
income

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

1 758
-
8 574
-
total
4 790
-
11 980
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 622
42 000
-
-
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.

170
347
-
-
income
3 093
6 300
-
-
trade
2 959
6 027
-
-
chamber of commerce
95
127
-
-
total
6 317
12 801
-
-
Dividends
14 304
29 199
-
-
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.

188
392
-
-
withholding
3 412
7 137
-
-
total
3 600
7 529
-
-
Income
42 000
42 000
42 000
42 000
Total tax
14 707
20 330
11 980
15 140
After tax
27 293
21 670
30 020
26 860
Living cost
16 588
16 588
16 588
16 588
Free-cash
10 705
5 082
13 432
10 272

Estimated living cost  is ₴16588 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
₴4925
₴5874
₴4111
₴4111
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
-
-
-
42 000
income
-
-
-
9 699
social contributions
-
-
-
3 715
total
-
-
-
13 414
Employee
33 609
-
42 000
-
income
6 342
-
9 699
-
social contributions
2 792
-
3 715
-
total
9 134
-
13 414
-
Employer
33 609
-
42 000
-
total
-
-
-
-
Corporate
8 391
42 000
-
-
income
1 049
5 250
-
-
total
1 049
5 250
-
-
Dividends
7 343
36 750
-
-
withholding
1 468
7 350
-
-
total
1 468
7 350
-
-
Income
42 000
42 000
42 000
42 000
Total tax
11 651
12 600
13 414
13 414
After tax
30 349
29 400
28 586
28 586
Living cost
24 475
24 475
24 475
24 475
Free-cash
5 874
4 925
4 111
4 111

Estimated living cost  is ₴24475 per week

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

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
₴9433
₴11224
₴11294
₴15234
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.

-
-
-
42 000
income
-
-
-
12 230
health

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

-
-
-
2 879
total
-
-
-
15 109
Employee
19 710
-
40 024
-
income
2 139
-
7 217
-
social contributions
1 975
-
1 976
-
total
4 114
-
9 193
-
Employer
19 710
-
40 024
-
social contributions
1 975
-
1 976
-
total
1 975
-
1 976
-
Corporate
20 315
42 000
-
-
income
7 110
14 700
-
-
total
7 110
14 700
-
-
Dividends
13 205
27 300
-
-
social contributions
1 980
2 270
-
-
total
1 980
2 270
-
-
Income
42 000
42 000
42 000
42 000
Total tax
15 179
16 970
11 169
15 109
After tax
26 821
25 030
30 831
26 891
Living cost
15 597
15 597
15 597
15 597
Free-cash
11 224
9 433
15 234
11 294

Estimated living cost  is ₴15597 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴15174
₴13106
₴14509
₴10394
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
-
-
-
42 000
income
-
-
-
8 486
pensions
-
-
-
3 063
total
-
-
-
11 549
Employee
21 882
-
37 000
-
health
285
-
595
-
income
3 985
-
6 584
-
pensions
1 670
-
3 485
-
total
5 940
-
10 664
-
Employer
21 882
-
37 000
-
pensions
2 211
-
4 297
-
health
416
-
703
-
total
2 627
-
5 000
-
Corporate
17 491
42 000
-
-
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.

3 323
7 980
-
-
total
3 323
7 980
-
-
Dividends
14 168
34 020
-
-
withholding
1 062
2 904
-
-
total
1 062
2 904
-
-
Income
42 000
42 000
42 000
42 000
Total tax
12 952
10 884
15 664
11 549
After tax
29 048
31 116
26 336
30 451
Living cost
15 942
15 942
15 942
15 942
Free-cash
13 106
15 174
10 394
14 509

Estimated living cost  is ₴15942 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴6808
₴1838
₴18622
₴11427
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
-
-
-
42 000
accident
-
-
-
108
income
-
-
-
10 183
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
13 168
Employee
16 061
-
35 803
-
health
1 839
-
4 099
-
income
2 203
-
6 797
-
pensions
1 808
-
3 270
-
total
5 850
-
14 166
-
Employer
16 061
-
35 803
-
accident
268
-
598
-
unemployment
393
-
877
-
pensions
2 611
-
4 722
-
total
3 272
-
6 197
-
Corporate
22 666
42 000
-
-
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.

20 399
37 800
-
-
total
20 399
37 800
-
-
Dividends
2 267
4 200
-
-
withholding
431
798
-
-
total
431
798
-
-
Income
42 000
42 000
42 000
42 000
Total tax
29 952
38 598
20 363
13 168
After tax
12 048
3 402
21 637
28 832
Living cost
10 210
10 210
10 210
10 210
Free-cash
1 838
-6 808
11 427
18 622

Estimated living cost  is ₴10210 per week

₴7493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴29540
₴27810
₴18232
₴20335
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.

-
-
-
42 000
work injury
-
-
-
210
health insurance
-
-
-
3 108
income
-
-
-
6 415
pensions
-
-
-
7 728
unemployment
-
-
-
504
total
-
-
-
17 965
Employee

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

9 285
-
42 000
-
work injury
46
-
172
-
income
928
-
6 415
-
pensions
1 708
-
6 321
-
health insurance
687
-
2 542
-
unemployment
111
-
412
-
total
3 480
-
15 862
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 715
42 000
-
-
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%.

-
420
-
-
total
-
420
-
-
Dividends
32 715
41 580
-
-
withholding
4 907
6 237
-
-
total
4 907
6 237
-
-
Income
42 000
42 000
42 000
42 000
Total tax
8 387
6 657
15 862
17 965
After tax
33 613
35 343
26 138
24 035
Living cost
5 803
5 803
5 803
5 803
Free-cash
27 810
29 540
20 335
18 232

Estimated living cost  is ₴5803 per week

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

Source of data for Skopje model

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Rome , Italy
₴5005
₴3051
₴4115
₴2195
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
-
-
-
42 000
municipal
-
-
-
280
regional
-
-
-
830
national
-
-
-
8 855
social contributions
-
-
-
10 803
total
-
-
-
20 768
Employee
36 206
-
42 000
-
social contributions
12 208
-
14 163
-
regional
547
-
697
-
municipal
216
-
250
-
national
6 118
-
7 578
-
total
19 089
-
22 688
-
Employer
36 206
-
42 000
-
total
-
-
-
-
Corporate
5 794
42 000
-
-
nationa
1 391
10 080
-
-
municipal
280
2 025
-
-
total
1 671
12 105
-
-
Dividends
4 124
29 895
-
-
withholding
1 072
7 773
-
-
total
1 072
7 773
-
-
Income
42 000
42 000
42 000
42 000
Total tax
21 832
19 878
22 688
20 768
After tax
20 168
22 122
19 312
21 232
Living cost
17 117
17 117
17 117
17 117
Free-cash
3 051
5 005
2 195
4 115

Estimated living cost  is ₴17117 per week

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

Source of data for Rome model

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