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
₴ 42500
per

Your estimated
City
free-cash

Dresden , Germany
₴8486
₴13234
₴13756
₴17306
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.

-
-
-
42 500
trade
-
-
-
3 550
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.

-
-
-
8 774
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.

-
-
-
2 933
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.

-
-
-
482
total
-
-
-
15 739
Employee

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

16 422
-
42 500
-
health

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

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

2 933
-
2 933
-
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
-
482
-
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
-
8 774
-
total
3 417
-
12 189
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 078
42 500
-
-
surtax

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

215
350
-
-
income
3 912
6 375
-
-
trade
4 107
6 693
-
-
chamber of commerce
103
126
-
-
total
8 337
13 544
-
-
Dividends
17 741
28 955
-
-
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.

235
389
-
-
withholding
4 272
7 076
-
-
total
4 507
7 465
-
-
Income
42 500
42 500
42 500
42 500
Total tax
16 261
21 009
12 189
15 739
After tax
26 239
21 491
30 311
26 761
Living cost
13 005
13 005
13 005
13 005
Free-cash
13 234
8 486
17 306
13 756

Estimated living cost  is ₴13005 per week

₴8180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1516
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.
₴3065
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
₴4856
₴4495
₴4000
₴4334
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
-
-
-
42 500
municipal
-
-
-
4 424
pensions
-
-
-
5 100
national
-
-
-
6 855
social contributions
-
-
-
457
total
-
-
-
16 836
Employee
33 583
-
36 741
-
municipal
4 148
-
4 588
-
pensions
1 343
-
1 470
-
national
6 428
-
7 110
-
total
11 919
-
13 168
-
Employer
33 583
-
36 741
-
social contributions
361
-
395
-
pensions
2 687
-
2 939
-
total
3 048
-
3 334
-
Corporate
3 653
42 500
-
-
income

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

731
8 500
-
-
total
731
8 500
-
-
Dividends
2 922
34 000
-
-
withholding
643
7 480
-
-
total
643
7 480
-
-
Income
42 500
42 500
42 500
42 500
Total tax
16 341
15 980
16 502
16 836
After tax
26 159
26 520
25 998
25 664
Living cost
21 664
21 664
21 664
21 664
Free-cash
4 495
4 856
4 334
4 000

Estimated living cost  is ₴21664 per week

₴14725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
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.
₴4601
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
₴25068
₴21546
₴13761
₴15028
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.

-
-
-
42 500
microenterprise
-
-
-
-
income
-
-
-
6 143
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.

-
-
-
13 664
total
-
-
-
19 807
Employee
12 546
-
34 250
-
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.

1 380
-
3 768
-
surtax
-
-
-
-
income
2 233
-
6 522
-
total
3 613
-
10 290
-
Employer
12 546
-
34 250
-
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.

3 022
-
8 250
-
surtax
-
-
-
-
total
3 022
-
8 250
-
Corporate
26 932
42 500
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

5 387
8 500
-
-
total
5 387
8 500
-
-
Dividends

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

21 546
34 000
-
-
total
-
-
-
-
Income
42 500
42 500
42 500
42 500
Total tax
12 022
8 500
18 540
19 807
After tax
30 478
34 000
23 960
22 693
Living cost
8 932
8 932
8 932
8 932
Free-cash
21 546
25 068
15 028
13 761

Estimated living cost  is ₴8932 per week

₴5699
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.
₴2180
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
₴2275
-₴136
₴6141
-₴136
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
-
-
-
42 500
income
-
-
-
8 224
pensions
-
-
-
5 030
health
-
-
-
5 119
total
-
-
-
18 373
Employee
36 665
36 665
36 665
-
health
5 628
4 787
5 628
-
income

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

6 001
6 001
6 001
-
pensions
6 600
5 030
6 600
-
total
18 229
15 818
18 229
-
Employer
36 665
36 665
36 665
-
unemployment
1 320
1 320
1 320
-
pensions
2 552
2 552
2 552
-
health
2 549
2 549
2 549
-
total
6 421
6 421
6 421
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
42 500
42 500
42 500
42 500
Total tax
24 650
22 239
24 650
18 373
After tax
17 850
20 261
17 850
24 127
Living cost
17 986
17 986
17 986
17 986
Free-cash
-136
2 275
-136
6 141

Estimated living cost  is ₴17986 per week

₴12746
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1621
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.
₴3332
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
₴6665
₴6294
₴5917
₴6155
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
-
-
-
42 500
municipal
-
-
-
9 542
accident
-
-
-
72
pensions
-
-
-
3 919
other
-
-
-
4 212
unemployment
-
-
-
36
health
-
-
-
2 262
national
-
-
-
-
total
-
-
-
20 043
Employee
23 568
-
32 339
-
municipal
7 028
-
9 643
-
national
-
-
-
-
total
7 028
-
9 643
-
Employer
23 568
-
32 339
-
accident
47
-
65
-
other
2 739
-
3 758
-
unemployment
622
-
854
-
pensions
2 548
-
3 496
-
health
1 449
-
1 989
-
total
7 405
-
10 162
-
Corporate
11 527
42 500
-
-
income
2 536
9 350
-
-
total
2 536
9 350
-
-
Dividends
8 991
33 150
-
-
withholding
2 697
9 945
-
-
total
2 697
9 945
-
-
Income
42 500
42 500
42 500
42 500
Total tax
19 666
19 295
19 805
20 043
After tax
22 834
23 205
22 695
22 457
Living cost
16 540
16 540
16 540
16 540
Free-cash
6 294
6 665
6 155
5 917

Estimated living cost  is ₴16540 per week

₴10962
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.
₴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.
₴3704
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
₴4405
₴10435
₴9737
₴13444
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.

-
-
-
42 500
trade
-
-
-
3 707
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.

-
-
-
8 774
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.

-
-
-
2 933
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.

-
-
-
482
total
-
-
-
15 896
Employee

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

21 773
-
42 500
-
health

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

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

2 933
-
2 933
-
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
-
482
-
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.

1 871
-
8 774
-
total
4 907
-
12 189
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 727
42 500
-
-
surtax

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

171
350
-
-
income
3 109
6 375
-
-
trade
3 410
6 992
-
-
chamber of commerce
95
125
-
-
total
6 785
13 842
-
-
Dividends
13 942
28 658
-
-
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.

183
385
-
-
withholding
3 323
7 001
-
-
total
3 506
7 386
-
-
Income
42 500
42 500
42 500
42 500
Total tax
15 198
21 228
12 189
15 896
After tax
27 302
21 272
30 311
26 604
Living cost
16 867
16 867
16 867
16 867
Free-cash
10 435
4 405
13 444
9 737

Estimated living cost  is ₴16867 per week

₴11281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3556
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
₴17186
₴15406
₴16283
₴16240
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
-
-
-
42 500
income
-
-
-
4 577
health
-
-
-
1 084
social contributions
-
-
-
6 630
total
-
-
-
12 291
Employee
33 015
33 015
38 584
-
social contributions
1 604
2 740
3 202
-
health
328
561
656
-
income
3 467
3 056
4 560
-
total
5 399
6 357
8 418
-
Employer
33 015
33 015
38 584
-
social contributions
1 604
2 740
3 202
-
health
358
611
714
-
total
1 962
3 351
3 916
-
Corporate
21 212
6 134
-
-
income
2 651
767
-
-
total
2 651
767
-
-
Dividends
18 561
5 367
-
-
withholding
3 156
913
-
-
total
3 156
913
-
-
Income
42 500
42 500
42 500
42 500
Total tax
13 168
11 388
12 334
12 291
After tax
29 332
31 112
30 166
30 209
Living cost
13 926
13 926
13 926
13 926
Free-cash
15 406
17 186
16 240
16 283

Estimated living cost  is ₴13926 per week

₴9520
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.
₴3085
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
₴16167
₴16329
₴21666
₴16862
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
-
-
-
42 500
income
-
-
-
5 196
pensions
-
-
-
4 250
unemployment
-
-
-
637
health
-
-
-
2 975
total
-
-
-
13 058
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.

11 225
4 467
35 565
-
health
786
313
2 490
-
income
1 372
546
4 348
-
pensions
1 123
447
3 556
-
unemployment
168
67
533
-
total
3 449
1 373
10 927
-
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.

11 225
4 467
35 565
-
pensions
2 189
871
6 935
-
total
2 189
871
6 935
-
Corporate
29 086
37 161
-
-
income
2 618
3 345
-
-
total
2 618
3 345
-
-
Dividends
26 468
33 817
-
-
social contributions
5 110
6 543
-
-
withholding
5 029
6 425
-
-
total
10 139
12 968
-
-
Income
42 500
42 500
42 500
42 500
Total tax
18 395
18 557
17 862
13 058
After tax
24 105
23 943
24 638
29 442
Living cost
7 776
7 776
7 776
7 776
Free-cash
16 329
16 167
16 862
21 666

Estimated living cost  is ₴7776 per week

₴5307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1678
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
₴23630
₴20962
₴12410
₴14126
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
-
-
-
42 500
income
-
-
-
5 695
pensions
-
-
-
8 500
health
-
-
-
5 525
total
-
-
-
19 720
Employee
12 180
-
31 764
-
income
1 371
-
6 124
-
pensions
244
-
636
-
unemployment
195
-
508
-
total
1 810
-
7 268
-
Employer
12 180
-
31 764
-
unemployment
98
-
254
-
pensions
2 436
-
6 353
-
health
1 583
-
4 129
-
total
4 117
-
10 736
-
Corporate
26 203
42 500
-
-
income
5 241
8 500
-
-
total
5 241
8 500
-
-
Dividends
20 962
34 000
-
-
total
-
-
-
-
Income
42 500
42 500
42 500
42 500
Total tax
11 168
8 500
18 004
19 720
After tax
31 332
34 000
24 496
22 780
Living cost
10 370
10 370
10 370
10 370
Free-cash
20 962
23 630
14 126
12 410

Estimated living cost  is ₴10370 per week

₴7113
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.
₴2431
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
-₴5934
₴2004
₴19793
₴12563
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
-
-
-
42 500
accident
-
-
-
108
income
-
-
-
10 361
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
13 330
Employee
14 750
-
36 309
-
health
1 689
-
4 157
-
income
2 024
-
6 959
-
pensions
1 661
-
3 252
-
total
5 374
-
14 368
-
Employer
14 750
-
36 309
-
accident
246
-
606
-
unemployment
361
-
890
-
pensions
2 398
-
4 696
-
total
3 005
-
6 192
-
Corporate
24 744
42 500
-
-
income

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

22 270
38 250
-
-
total
22 270
38 250
-
-
Dividends
2 474
4 250
-
-
withholding
470
807
-
-
total
470
807
-
-
Income
42 500
42 500
42 500
42 500
Total tax
31 119
39 057
20 560
13 330
After tax
11 381
3 443
21 940
29 170
Living cost
9 377
9 377
9 377
9 377
Free-cash
2 004
-5 934
12 563
19 793

Estimated living cost  is ₴9377 per week

₴6872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
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.
₴1789
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
₴36461
₴35728
₴38161
₴30086
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%.

-
-
-
42 500
microenterprise

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

-
-
-
425
total
-
-
-
425
Employee
4 892
-
42 500
-
income
978
-
8 500
-
total
978
-
8 500
-
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%.

37 608
42 500
-
-
total
-
-
-
-
Dividends
37 608
42 500
-
-
withholding
1 880
2 125
-
-
total
1 880
2 125
-
-
Income
42 500
42 500
42 500
42 500
Total tax
2 858
2 125
8 500
425
After tax
39 642
40 375
34 000
42 075
Living cost
3 914
3 914
3 914
3 914
Free-cash
35 728
36 461
30 086
38 161

Estimated living cost  is ₴3914 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
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.
₴1055
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
₴19783
₴16884
₴11572
₴13442
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
-
-
-
42 500
income
-
-
-
5 398
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.

-
-
-
10 200
other
-
-
-
2 019
health
-
-
-
1 870
total
-
-
-
19 487
Employee
15 589
-
33 946
-
health
218
-
475
-
income
2 684
-
5 872
-
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.

1 091
-
2 376
-
unemployment
156
-
340
-
total
4 149
-
9 063
-
Employer
15 589
-
33 946
-
accident
125
-
271
-
other
780
-
1 697
-
unemployment
156
-
340
-
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.

2 650
-
5 771
-
health
218
-
475
-
total
3 929
-
8 554
-
Corporate
22 982
42 500
-
-
income
4 826
8 925
-
-
total
4 826
8 925
-
-
Dividends
18 156
33 575
-
-
withholding
1 271
2 351
-
-
total
1 271
2 351
-
-
Income
42 500
42 500
42 500
42 500
Total tax
14 175
11 276
17 617
19 487
After tax
28 325
31 224
24 883
23 013
Living cost
11 441
11 441
11 441
11 441
Free-cash
16 884
19 783
13 442
11 572

Estimated living cost  is ₴11441 per week

₴8083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴772
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.
₴2400
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
₴2544
-₴3997
₴1873
-₴2258
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
-
-
-
42 500
income
-
-
-
8 621
pensions
-
-
-
3 104
total
-
-
-
11 725
Employee
40 892
-
37 438
-
health
674
-
603
-
income
7 371
-
6 661
-
pensions
3 945
-
3 530
-
total
11 990
-
10 794
-
Employer
40 892
-
37 438
-
pensions
4 828
-
4 351
-
health
777
-
711
-
total
5 605
-
5 062
-
Corporate
-
42 500
-
-
income

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

-
8 075
-
-
total
-
8 075
-
-
Dividends
-
34 425
-
-
withholding
-
2 979
-
-
total
-
2 979
-
-
Income
42 500
42 500
42 500
42 500
Total tax
17 595
11 054
15 856
11 725
After tax
24 905
31 446
26 644
30 775
Living cost
28 902
28 902
28 902
28 902
Free-cash
-3 997
2 544
-2 258
1 873

Estimated living cost  is ₴28902 per week

₴21657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴30707
₴28714
₴26490
₴27800
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
-
-
-
42 500
income
-
-
-
6 375
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
10 380
Employee
7 454
-
39 558
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
745
-
3 956
-
pensions

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

654
-
1 317
-
total
1 824
-
6 128
-
Employer
7 454
-
39 558
-
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
-
1 653
-
health
515
-
1 035
-
total
1 464
-
2 943
-
Corporate
33 583
42 500
-
-
income
3 358
4 250
-
-
total
3 358
4 250
-
-
Dividends
30 225
38 250
-
-
withholding
1 511
1 913
-
-
total
1 511
1 913
-
-
Income
42 500
42 500
42 500
42 500
Total tax
8 157
6 163
9 071
10 380
After tax
34 343
36 337
33 429
32 120
Living cost
5 630
5 630
5 630
5 630
Free-cash
28 714
30 707
27 800
26 490

Estimated living cost  is ₴5630 per week

₴3287
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.
₴1792
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
-₴3547
-₴4274
₴319
-₴5958
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
-
-
-
42 500
income
-
-
-
8 224
pensions
-
-
-
5 030
health
-
-
-
5 119
total
-
-
-
18 373
Employee
39 806
36 665
36 665
-
health
4 966
4 787
5 628
-
income

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

6 001
6 001
6 001
-
pensions
5 030
5 030
6 600
-
total
15 997
15 818
18 229
-
Employer
39 806
36 665
36 665
-
unemployment
1 433
1 320
1 320
-
pensions
2 770
2 552
2 552
-
health
2 766
2 549
2 549
-
total
6 969
6 421
6 421
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
42 500
42 500
42 500
42 500
Total tax
22 966
22 239
24 650
18 373
After tax
19 534
20 261
17 850
24 127
Living cost
23 808
23 808
23 808
23 808
Free-cash
-4 274
-3 547
-5 958
319

Estimated living cost  is ₴23808 per week

₴17563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
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.
₴3847
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
₴19004
₴15345
₴10442
₴11310
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
-
-
-
42 500
income
-
-
-
3 653
health
-
-
-
5 738
solidarity contribution
-
-
-
-
social contributions
-
-
-
12 410
total
-
-
-
21 801
Employee
15 084
-
31 716
-
social contributions
980
-
2 062
-
health
2 036
-
4 282
-
solidarity contribution
-
-
-
-
income
1 810
-
3 806
-
total
4 826
-
10 150
-
Employer
15 084
-
31 716
-
social contributions
3 771
-
7 929
-
health
1 358
-
2 854
-
total
5 129
-
10 783
-
Corporate
22 287
42 500
-
-
income
4 235
8 075
-
-
total
4 235
8 075
-
-
Dividends
18 053
34 425
-
-
withholding
2 708
5 164
-
-
total
2 708
5 164
-
-
Income
42 500
42 500
42 500
42 500
Total tax
16 898
13 239
20 933
21 801
After tax
25 602
29 261
21 567
20 699
Living cost
10 257
10 257
10 257
10 257
Free-cash
15 345
19 004
11 310
10 442

Estimated living cost  is ₴10257 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴4559
₴2317
₴3733
₴1710
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
-
-
-
42 500
municipal
-
-
-
253
regional
-
-
-
468
national
-
-
-
8 998
social contributions
-
-
-
10 931
total
-
-
-
20 650
Employee
38 158
-
42 500
-
social contributions
12 867
-
14 331
-
regional
360
-
410
-
municipal
202
-
226
-
national
6 612
-
7 706
-
total
20 041
-
22 673
-
Employer
38 158
-
42 500
-
total
-
-
-
-
Corporate
4 342
42 500
-
-
nationa
1 042
10 200
-
-
municipal
169
1 657
-
-
total
1 211
11 857
-
-
Dividends
3 130
30 643
-
-
withholding
814
7 967
-
-
total
814
7 967
-
-
Income
42 500
42 500
42 500
42 500
Total tax
22 066
19 824
22 673
20 650
After tax
20 434
22 676
19 827
21 850
Living cost
18 117
18 117
18 117
18 117
Free-cash
2 317
4 559
1 710
3 733

Estimated living cost  is ₴18117 per week

₴12629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
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.
₴4022
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
₴17258
₴15922
₴12436
₴11612
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
-
-
-
42 500
income
-
-
-
8 005
pensions
-
-
-
8 500
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 017
surtax
-
-
-
970
total
-
-
-
20 590
Employee
14 198
-
35 109
-
other
-
-
-
-
health
363
-
895
-
surtax
46
-
875
-
income
2 380
-
7 467
-
pensions
947
-
2 342
-
unemployment
988
-
2 444
-
total
4 724
-
14 023
-
Employer
14 198
-
35 109
-
other
-
-
-
-
unemployment
450
-
1 113
-
pensions
1 893
-
4 680
-
health
646
-
1 598
-
total
2 989
-
7 391
-
Corporate
25 313
42 500
-
-
income
6 581
11 050
-
-
total
6 581
11 050
-
-
Dividends
18 732
31 450
-
-
withholding
2 810
4 718
-
-
total
2 810
4 718
-
-
Income
42 500
42 500
42 500
42 500
Total tax
17 104
15 768
21 414
20 590
After tax
25 396
26 732
21 086
21 910
Living cost
9 474
9 474
9 474
9 474
Free-cash
15 922
17 258
11 612
12 436

Estimated living cost  is ₴9474 per week

₴5793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2589
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
₴11701
₴8697
₴11030
₴6899
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
-
-
-
42 500
income
-
-
-
8 621
pensions
-
-
-
3 104
total
-
-
-
11 725
Employee
27 405
-
37 438
-
health
398
-
603
-
income
4 936
-
6 661
-
pensions
2 326
-
3 530
-
total
7 660
-
10 794
-
Employer
27 405
-
37 438
-
pensions
2 967
-
4 351
-
health
521
-
711
-
total
3 488
-
5 062
-
Corporate
11 608
42 500
-
-
income

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

2 205
8 075
-
-
total
2 205
8 075
-
-
Dividends
9 403
34 425
-
-
withholding
705
2 979
-
-
total
705
2 979
-
-
Income
42 500
42 500
42 500
42 500
Total tax
14 058
11 054
15 856
11 725
After tax
28 442
31 446
26 644
30 775
Living cost
19 745
19 745
19 745
19 745
Free-cash
8 697
11 701
6 899
11 030

Estimated living cost  is ₴19745 per week

₴14793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
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.
₴3265
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
-₴13368
₴455
₴2683
₴549
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
-
-
-
42 500
city
-
-
-
448
pensions
-
-
-
3 910
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.

-
-
-
850
regional
-
-
-
1 444
health
-
-
-
107
national
-
-
-
256
total
-
-
-
7 015
Employee
38 387
-
38 040
-
city
412
-
409
-
regional
1 257
-
1 238
-
health
87
-
86
-
pensions
3 225
-
3 195
-
unemployment
-
-
-
-
national
182
-
179
-
total
5 163
-
5 107
-
Employer
38 387
-
38 040
-
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.

768
-
761
-
unemployment
-
-
-
-
pensions
3 225
-
3 195
-
health
87
-
86
-
total
4 080
-
4 042
-
Corporate
-
42 500
-
-
regional
-
8 988
-
-
national
-
3 613
-
-
total
-
12 601
-
-
Dividends
-
29 899
-
-
withholding
-
10 465
-
-
total
-
10 465
-
-
Income
42 500
42 500
42 500
42 500
Total tax
9 243
23 066
9 149
7 015
After tax
33 257
19 434
33 351
35 485
Living cost
32 802
32 802
32 802
32 802
Free-cash
455
-13 368
549
2 683

Estimated living cost  is ₴32802 per week

₴21331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
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.
₴8125
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
₴1384
₴8347
₴6777
₴10642
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.

-
-
-
42 500
trade
-
-
-
3 865
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.

-
-
-
8 774
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.

-
-
-
2 933
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.

-
-
-
482
total
-
-
-
16 054
Employee

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

25 803
-
42 500
-
health

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

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

2 933
-
2 933
-
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
-
482
-
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.

3 034
-
8 774
-
total
6 134
-
12 189
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 697
42 500
-
-
surtax

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

138
350
-
-
income
2 505
6 375
-
-
trade
2 863
7 289
-
-
chamber of commerce
89
125
-
-
total
5 595
14 139
-
-
Dividends
11 102
28 361
-
-
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.

143
381
-
-
withholding
2 612
6 927
-
-
total
2 755
7 308
-
-
Income
42 500
42 500
42 500
42 500
Total tax
14 484
21 447
12 189
16 054
After tax
28 016
21 053
30 311
26 446
Living cost
19 669
19 669
19 669
19 669
Free-cash
8 347
1 384
10 642
6 777

Estimated living cost  is ₴19669 per week

₴14365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1573
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.
₴3475
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
₴6730
₴9265
₴9795
₴9341
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
-
-
-
42 500
income
-
-
-
3 986
pensions
-
-
-
10 736
other
-
-
-
1 319
health
-
-
-
763
surtax
-
-
-
-
social contributions
-
-
-
1 211
total
-
-
-
18 015
Employee
18 376
-
32 386
-
social contributions
524
-
922
-
surtax
-
-
-
-
income
1 084
-
3 770
-
pensions
2 078
-
3 663
-
total
3 686
-
8 355
-
Employer
18 376
-
32 386
-
other
634
-
1 117
-
social contributions
55
-
97
-
unemployment
744
-
1 312
-
pensions
3 019
-
5 321
-
health
1 287
-
2 267
-
total
5 739
-
10 114
-
Corporate
18 386
42 500
-
-
surtax
-
-
-
-
income
5 148
11 900
-
-
total
5 148
11 900
-
-
Dividends
13 238
30 600
-
-
surtax
-
-
-
-
social contributions
2 277
5 263
-
-
withholding
1 695
3 917
-
-
total
3 972
9 180
-
-
Income
42 500
42 500
42 500
42 500
Total tax
18 545
21 080
18 469
18 015
After tax
23 955
21 420
24 031
24 485
Living cost
14 690
14 690
14 690
14 690
Free-cash
9 265
6 730
9 341
9 795

Estimated living cost  is ₴14690 per week

₴9262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1194
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.
₴3983
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
₴8186
₴10571
₴11251
₴10797
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
-
-
-
42 500
income
-
-
-
3 986
pensions
-
-
-
10 736
other
-
-
-
1 319
health
-
-
-
763
surtax
-
-
-
-
social contributions
-
-
-
1 211
total
-
-
-
18 015
Employee
16 403
-
32 386
-
social contributions
468
-
922
-
surtax
-
-
-
-
income
846
-
3 770
-
pensions
1 855
-
3 663
-
total
3 169
-
8 355
-
Employer
16 403
-
32 386
-
other
566
-
1 117
-
social contributions
49
-
97
-
unemployment
664
-
1 312
-
pensions
2 695
-
5 321
-
health
1 148
-
2 267
-
total
5 122
-
10 114
-
Corporate
20 975
42 500
-
-
surtax
-
-
-
-
income
5 873
11 900
-
-
total
5 873
11 900
-
-
Dividends
15 102
30 600
-
-
surtax
-
-
-
-
social contributions
2 598
5 263
-
-
withholding
1 933
3 917
-
-
total
4 531
9 180
-
-
Income
42 500
42 500
42 500
42 500
Total tax
18 695
21 080
18 469
18 015
After tax
23 805
21 420
24 031
24 485
Living cost
13 234
13 234
13 234
13 234
Free-cash
10 571
8 186
10 797
11 251

Estimated living cost  is ₴13234 per week

₴7675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1344
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.
₴3964
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
₴16826
₴17048
₴18189
₴18286
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
-
-
-
42 500
income
-
-
-
6 375
health
-
-
-
2 967
social contributions
-
-
-
5 865
total
-
-
-
15 207
Employee
14 558
-
42 500
-
social contributions
2 009
-
5 865
-
health
1 016
-
2 967
-
income
2 428
-
6 278
-
total
5 453
-
15 110
-
Employer
14 558
-
42 500
-
total
-
-
-
-
Corporate
27 942
42 500
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

1 397
2 125
-
-
total
1 397
2 125
-
-
Dividends
26 545
40 375
-
-
health
1 853
2 818
-
-
social contributions
3 663
5 571
-
-
withholding
3 982
6 056
-
-
total
9 498
14 445
-
-
Income
42 500
42 500
42 500
42 500
Total tax
16 348
16 570
15 110
15 207
After tax
26 152
25 930
27 390
27 293
Living cost
9 104
9 104
9 104
9 104
Free-cash
17 048
16 826
18 286
18 189

Estimated living cost  is ₴9104 per week

₴6093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
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.
₴2240
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
₴8705
₴8037
₴6425
-₴2177
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
-
-
-
42 500
chamber of commerce
-
-
-
170
income
-
-
-
6 944
pensions
-
-
-
7 863
unemployment
-
-
-
2 633
health
-
-
-
3 251
surtax
-
-
-
85
total
-
-
-
20 946
Employee
21 457
17 110
32 934
-
other
214
171
329
-
health
830
662
1 274
-
income
2 443
1 262
6 195
-
pensions
2 197
1 752
3 372
-
unemployment
644
513
988
-
total
6 328
4 360
12 158
-
Employer
21 457
17 110
32 934
-
accident
279
222
428
-
other
1 019
812
1 564
-
chamber of commerce
86
68
132
-
unemployment
644
513
988
-
surtax
85
85
85
-
pensions
2 693
2 148
4 133
-
payroll
644
513
988
-
health
811
647
1 245
-
total
6 261
5 008
9 563
-
Corporate
14 784
20 380
31 307
-
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.

3 696
5 095
7 827
-
total
3 696
5 095
7 827
-
Dividends
11 088
15 286
-
-
withholding
3 049
4 203
-
-
total
3 049
4 203
-
-
Income
42 500
42 500
42 500
42 500
Total tax
19 334
18 666
29 548
20 946
After tax
23 166
23 834
12 952
21 554
Living cost
15 129
15 129
15 129
15 129
Free-cash
8 037
8 705
-2 177
6 425

Estimated living cost  is ₴15129 per week

₴10090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
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.
₴3499
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
₴8183
₴1744
₴4360
₴939
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
42 500
national
-
-
-
13 726
communal

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

-
-
-
2 153
social contributions
-
-
-
6 606
total
-
-
-
22 485
Employee

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

30 712
-
32 917
-
communal

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

1 602
-
1 717
-
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.

1 443
-
1 547
-
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.

2 303
-
2 469
-
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
-
286
-
national
9 442
-
10 305
-
total
15 057
-
16 324
-
Employer

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

30 712
-
32 917
-
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.

399
-
428
-
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
-
481
-
surtax
3 482
-
3 733
-
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.

2 721
-
2 916
-
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.

1 889
-
2 024
-
total
8 939
-
9 582
-
Corporate
2 848
42 500
-
-
surtax
11
170
-
-
income
570
8 500
-
-
total
581
8 670
-
-
Dividends
2 267
33 830
-
-
withholding

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

524
9 992
-
-
total
524
9 992
-
-
Income
42 500
42 500
42 500
42 500
Total tax
25 101
18 662
25 906
22 485
After tax
17 399
23 838
16 594
20 015
Living cost
15 655
15 655
15 655
15 655
Free-cash
1 744
8 183
939
4 360

Estimated living cost  is ₴15655 per week

₴10084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
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.
₴3957
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
₴13130
₴9711
₴7249
₴7011
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
-
-
-
42 500
accident
-
-
-
359
income
-
-
-
7 805
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
19 745
Employee
21 372
-
32 226
-
other
21
-
33
-
income
4 509
-
7 664
-
pensions
1 005
-
1 515
-
unemployment
332
-
499
-
total
5 867
-
9 711
-
Employer
21 372
-
32 226
-
accident
423
-
638
-
other
170
-
257
-
unemployment
1 176
-
1 772
-
pensions
5 043
-
7 605
-
total
6 812
-
10 272
-
Corporate
14 315
42 500
-
-
income

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

2 147
6 375
-
-
total
2 147
6 375
-
-
Dividends
12 169
36 125
-
-
withholding
2 457
7 489
-
-
total
2 457
7 489
-
-
Income
42 500
42 500
42 500
42 500
Total tax
17 283
13 864
19 983
19 745
After tax
25 217
28 636
22 517
22 755
Living cost
15 506
15 506
15 506
15 506
Free-cash
9 711
13 130
7 011
7 249

Estimated living cost  is ₴15506 per week

₴11418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
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.
₴2764
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
₴2693
-₴211
₴1049
₴2970
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
-
-
-
42 500
accident
-
-
-
359
income
-
-
-
3 611
pensions
-
-
-
6 370
health
-
-
-
2 985
surtax
-
-
-
2 107
communal
-
-
-
2 686
total
-
-
-
18 118
Employee
32 515
-
37 963
-
health
1 447
-
1 689
-
surtax
1 993
-
2 327
-
income
3 141
-
4 608
-
pensions
2 601
-
3 037
-
total
9 182
-
11 661
-
Employer
32 515
-
37 963
-
accident
293
-
341
-
pensions
2 601
-
3 037
-
health
992
-
1 158
-
total
3 886
-
4 536
-
Corporate
6 101
42 500
-
-
surtax
64
446
-
-
communal
-
2 869
-
-
income
915
6 375
-
-
total
979
9 690
-
-
Dividends
5 121
32 810
-
-
income
4 563
1 863
-
-
withholding
768
4 921
-
-
total
5 331
6 784
-
-
Income
42 500
42 500
42 500
42 500
Total tax
19 378
16 474
16 197
18 118
After tax
23 122
26 026
26 303
24 382
Living cost
23 333
23 333
23 333
23 333
Free-cash
-211
2 693
2 970
1 049

Estimated living cost  is ₴23333 per week

₴17503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
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.
₴4168
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
₴17088
₴15723
₴12266
₴11442
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
-
-
-
42 500
income
-
-
-
8 005
pensions
-
-
-
8 500
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 017
surtax
-
-
-
970
total
-
-
-
20 590
Employee
14 459
-
35 109
-
other
-
-
-
-
health
369
-
895
-
surtax
51
-
875
-
income
2 424
-
7 467
-
pensions
965
-
2 342
-
unemployment
1 006
-
2 444
-
total
4 815
-
14 023
-
Employer
14 459
-
35 109
-
other
-
-
-
-
unemployment
459
-
1 113
-
pensions
1 928
-
4 680
-
health
658
-
1 598
-
total
3 045
-
7 391
-
Corporate
24 997
42 500
-
-
income
6 499
11 050
-
-
total
6 499
11 050
-
-
Dividends
18 497
31 450
-
-
withholding
2 774
4 718
-
-
total
2 774
4 718
-
-
Income
42 500
42 500
42 500
42 500
Total tax
17 133
15 768
21 414
20 590
After tax
25 367
26 732
21 086
21 910
Living cost
9 644
9 644
9 644
9 644
Free-cash
15 723
17 088
11 442
12 266

Estimated living cost  is ₴9644 per week

₴5822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴838
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.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴10773
₴9819
₴10111
₴8100
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
-
-
-
42 500
municipal
-
-
-
253
regional
-
-
-
641
national
-
-
-
8 998
social contributions
-
-
-
10 931
total
-
-
-
20 823
Employee
23 817
-
42 500
-
social contributions
8 031
-
14 331
-
regional
321
-
571
-
municipal
126
-
226
-
national
3 773
-
7 706
-
total
12 251
-
22 834
-
Employer
23 817
-
42 500
-
total
-
-
-
-
Corporate
18 683
42 500
-
-
nationa
4 484
10 200
-
-
municipal
929
2 112
-
-
total
5 413
12 312
-
-
Dividends
13 271
30 188
-
-
withholding
3 451
7 849
-
-
total
3 451
7 849
-
-
Income
42 500
42 500
42 500
42 500
Total tax
21 115
20 161
22 834
20 823
After tax
21 385
22 339
19 666
21 677
Living cost
11 566
11 566
11 566
11 566
Free-cash
9 819
10 773
8 100
10 111

Estimated living cost  is ₴11566 per week

₴7193
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.
₴3003
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
₴16621
₴12112
₴8059
₴8927
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
-
-
-
42 500
income
-
-
-
3 653
health
-
-
-
5 738
solidarity contribution
-
-
-
-
social contributions
-
-
-
12 410
total
-
-
-
21 801
Employee
18 588
-
31 716
-
social contributions
1 208
-
2 062
-
health
2 509
-
4 282
-
solidarity contribution
-
-
-
-
income
2 230
-
3 806
-
total
5 947
-
10 150
-
Employer
18 588
-
31 716
-
social contributions
4 647
-
7 929
-
health
1 673
-
2 854
-
total
6 320
-
10 783
-
Corporate
17 593
42 500
-
-
income
3 343
8 075
-
-
total
3 343
8 075
-
-
Dividends
14 250
34 425
-
-
withholding
2 138
5 164
-
-
total
2 138
5 164
-
-
Income
42 500
42 500
42 500
42 500
Total tax
17 748
13 239
20 933
21 801
After tax
24 752
29 261
21 567
20 699
Living cost
12 640
12 640
12 640
12 640
Free-cash
12 112
16 621
8 927
8 059

Estimated living cost  is ₴12640 per week

₴9400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴10182
₴9967
₴7941
-₴735
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
-
-
-
42 500
chamber of commerce
-
-
-
170
income
-
-
-
6 944
pensions
-
-
-
7 863
unemployment
-
-
-
2 633
health
-
-
-
3 251
surtax
-
-
-
-
total
-
-
-
20 861
Employee
18 768
17 110
33 002
-
other
187
171
330
-
health
726
662
1 278
-
income
1 672
1 262
6 218
-
pensions
1 922
1 752
3 380
-
unemployment
563
513
990
-
total
5 070
4 360
12 196
-
Employer
18 768
17 110
33 002
-
accident
244
222
429
-
other
891
812
1 568
-
chamber of commerce
75
68
132
-
unemployment
563
513
990
-
surtax
-
-
-
-
pensions
2 356
2 148
4 142
-
payroll
563
513
990
-
health
710
647
1 247
-
total
5 402
4 923
9 498
-
Corporate
18 331
20 465
31 373
-
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.

4 582
5 116
7 843
-
total
4 582
5 116
7 843
-
Dividends
13 748
15 349
-
-
withholding
3 781
4 221
-
-
total
3 781
4 221
-
-
Income
42 500
42 500
42 500
42 500
Total tax
18 835
18 620
29 537
20 861
After tax
23 665
23 880
12 963
21 639
Living cost
13 698
13 698
13 698
13 698
Free-cash
9 967
10 182
-735
7 941

Estimated living cost  is ₴13698 per week

₴8217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3838
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
₴34276
₴33132
₴35976
₴27901
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%.

-
-
-
42 500
microenterprise

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

-
-
-
425
total
-
-
-
425
Employee
7 624
-
42 500
-
income
1 525
-
8 500
-
total
1 525
-
8 500
-
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%.

34 876
42 500
-
-
total
-
-
-
-
Dividends
34 876
42 500
-
-
withholding
1 744
2 125
-
-
total
1 744
2 125
-
-
Income
42 500
42 500
42 500
42 500
Total tax
3 269
2 125
8 500
425
After tax
39 231
40 375
34 000
42 075
Living cost
6 099
6 099
6 099
6 099
Free-cash
33 132
34 276
27 901
35 976

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
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.
₴1511
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
₴17745
₴14154
₴10491
₴9275
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.

-
-
-
42 500
income
-
-
-
8 486
pensions
-
-
-
7 762
unemployment
-
-
-
64
health
-
-
-
4 181
total
-
-
-
20 493
Employee

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

18 986
-
36 775
-
health
1 226
-
2 376
-
income
3 274
-
7 857
-
pensions
2 943
-
5 700
-
unemployment
27
-
51
-
total
7 470
-
15 984
-
Employer

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

18 986
-
36 775
-
unemployment
11
-
22
-
pensions
1 680
-
3 254
-
health
1 265
-
2 449
-
total
2 956
-
5 725
-
Corporate
20 558
42 500
-
-
income
3 906
8 075
-
-
total
3 906
8 075
-
-
Dividends
16 652
34 425
-
-
withholding
2 498
5 164
-
-
total
2 498
5 164
-
-
Income
42 500
42 500
42 500
42 500
Total tax
16 830
13 239
21 709
20 493
After tax
25 670
29 261
20 791
22 007
Living cost
11 516
11 516
11 516
11 516
Free-cash
14 154
17 745
9 275
10 491

Estimated living cost  is ₴11516 per week

₴7903
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
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.
₴2652
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
₴7309
-₴21594
₴10823
₴18297
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
-
-
-
42 500
income
-
-
-
8 284
social contributions
-
-
-
4 845
total
-
-
-
13 129
Employee
26 595
-
-
-
social contributions
2 181
-
311
-
income
5 866
-
-
-
total
8 047
-
311
-
Employer
26 595
-
-
-
social contributions
37 499
-
5 344
-
total
37 499
-
5 344
-
Corporate
-
42 500
-
-
income
-
9 350
-
-
total
-
9 350
-
-
Dividends
-
33 150
-
-
income
-
7 293
-
-
total
-
7 293
-
-
Income
42 500
42 500
42 500
42 500
Total tax
45 546
16 643
5 655
13 129
After tax
-3 046
25 857
36 845
29 371
Living cost
18 548
18 548
18 548
18 548
Free-cash
-21 594
7 309
18 297
10 823

Estimated living cost  is ₴18548 per week

₴12034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4532
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
₴10707
₴10274
₴10320
₴8197
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.

-
-
-
42 500
income
-
-
-
3 944
surtax
-
-
-
-
social contributions

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

-
-
-
14 769
total
-
-
-
18 713
Employee
19 747
-
34 343
-
social contributions
2 172
-
3 778
-
surtax
-
-
-
-
income
4 107
-
8 901
-
total
6 279
-
12 679
-
Employer
19 747
-
34 343
-
social contributions
4 690
-
8 157
-
total
4 690
-
8 157
-
Corporate
18 063
42 500
-
-
surtax
-
-
-
-
income
3 794
8 925
-
-
total
3 794
8 925
-
-
Dividends
14 270
33 575
-
-
withholding
3 996
9 401
-
-
total
3 996
9 401
-
-
Income
42 500
42 500
42 500
42 500
Total tax
18 759
18 326
20 836
18 713
After tax
23 741
24 174
21 664
23 787
Living cost
13 467
13 467
13 467
13 467
Free-cash
10 274
10 707
8 197
10 320

Estimated living cost  is ₴13467 per week

₴10076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴794
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.
₴2372
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
₴683
₴3634
₴3748
₴3294
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
-
-
-
42 500
income
-
-
-
3 986
pensions
-
-
-
10 736
other
-
-
-
1 319
health
-
-
-
763
surtax
-
-
-
-
social contributions
-
-
-
1 211
total
-
-
-
18 015
Employee
26 891
-
32 386
-
social contributions
766
-
922
-
surtax
-
-
-
-
income
2 346
-
3 770
-
pensions
3 042
-
3 663
-
total
6 154
-
8 355
-
Employer
26 891
-
32 386
-
other
928
-
1 117
-
social contributions
81
-
97
-
unemployment
1 089
-
1 312
-
pensions
4 419
-
5 321
-
health
1 882
-
2 267
-
total
8 399
-
10 114
-
Corporate
7 210
42 500
-
-
surtax
-
-
-
-
income
2 019
11 900
-
-
total
2 019
11 900
-
-
Dividends
5 191
30 600
-
-
surtax
-
-
-
-
social contributions
893
5 263
-
-
withholding
664
3 917
-
-
total
1 557
9 180
-
-
Income
42 500
42 500
42 500
42 500
Total tax
18 129
21 080
18 469
18 015
After tax
24 371
21 420
24 031
24 485
Living cost
20 737
20 737
20 737
20 737
Free-cash
3 634
683
3 294
3 748

Estimated living cost  is ₴20737 per week

₴14035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1696
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4722
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
₴25344
₴23902
₴19536
₴20665
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
-
-
-
42 500
income
-
-
-
708
social contributions
-
-
-
9 350
total
-
-
-
10 058
Employee
13 803
-
36 797
-
income
-
-
834
-
social contributions
897
-
2 392
-
total
897
-
3 226
-
Employer
13 803
-
36 797
-
social contributions
2 140
-
5 703
-
total
2 140
-
5 703
-
Corporate
26 557
42 500
-
-
income
2 655
4 250
-
-
total
2 655
4 250
-
-
Dividends
23 902
38 250
-
-
total
-
-
-
-
Income
42 500
42 500
42 500
42 500
Total tax
5 692
4 250
8 929
10 058
After tax
36 808
38 250
33 571
32 442
Living cost
12 906
12 906
12 906
12 906
Free-cash
23 902
25 344
20 665
19 536

Estimated living cost  is ₴12906 per week

₴8345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3345
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
-₴51035
-₴51035
₴5713
-₴51035
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
-
-
-
42 500
municipal
-
-
-
7 869
pensions
-
-
-
372
national
-
-
-
4 501
labour market
-
-
-
3 370
total
-
-
-
16 112
Employee
87 266
87 266
87 266
-
labour market
6 971
6 971
6 971
-
national
10 661
10 661
10 661
-
municipal
18 583
18 583
18 583
-
pensions
124
124
124
-
total
36 339
36 339
36 339
-
Employer
87 266
87 266
87 266
-
labour market
6 981
6 981
6 981
-
municipal
18 612
18 612
18 612
-
pensions
248
248
248
-
national
10 680
10 680
10 680
-
total
36 521
36 521
36 521
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
42 500
42 500
42 500
42 500
Total tax
72 860
72 860
72 860
16 112
After tax
-30 360
-30 360
-30 360
26 388
Living cost
20 675
20 675
20 675
20 675
Free-cash
-51 035
-51 035
-51 035
5 713

Estimated living cost  is ₴20675 per week

₴14150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
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.
₴4378
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
-₴5795
₴2026
₴19932
₴12702
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
-
-
-
42 500
accident
-
-
-
108
income
-
-
-
10 361
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
13 330
Employee
14 532
-
36 309
-
health
1 664
-
4 157
-
income
1 994
-
6 959
-
pensions
1 636
-
3 252
-
total
5 294
-
14 368
-
Employer
14 532
-
36 309
-
accident
243
-
606
-
unemployment
356
-
890
-
pensions
2 363
-
4 696
-
total
2 962
-
6 192
-
Corporate
25 006
42 500
-
-
income

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

22 505
38 250
-
-
total
22 505
38 250
-
-
Dividends
2 501
4 250
-
-
withholding
475
807
-
-
total
475
807
-
-
Income
42 500
42 500
42 500
42 500
Total tax
31 236
39 057
20 560
13 330
After tax
11 264
3 443
21 940
29 170
Living cost
9 238
9 238
9 238
9 238
Free-cash
2 026
-5 795
12 702
19 932

Estimated living cost  is ₴9238 per week

₴6724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1814
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
₴11807
₴10828
₴13744
₴7797
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

-
-
-
42 500
municipal
-
-
-
7 564
health
-
-
-
475
national
-
-
-
4 233
total
-
-
-
12 272
Employee
22 589
-
35 754
-
health
169
-
372
-
municipal
3 700
-
5 838
-
pensions
1 524
-
2 413
-
unemployment
339
-
536
-
national
373
-
2 314
-
total
6 105
-
11 473
-
Employer
22 589
-
35 754
-
accident
23
-
36
-
unemployment
147
-
232
-
pensions
3 919
-
6 203
-
health
174
-
275
-
total
4 263
-
6 746
-
Corporate
15 649
42 500
-
-
income
3 130
8 500
-
-
total
3 130
8 500
-
-
Dividends

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

9 389
25 500
-
-
national
-
1 119
-
-
municipal
1 690
4 590
-
-
total
1 690
5 709
-
-
Income
42 500
42 500
42 500
42 500
Total tax
15 188
14 209
18 219
12 272
After tax
27 312
28 291
24 281
30 228
Living cost
16 484
16 484
16 484
16 484
Free-cash
10 828
11 807
7 797
13 744

Estimated living cost  is ₴16484 per week

₴10767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3869
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
₴21171
₴18834
₴20268
₴20225
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
-
-
-
42 500
income
-
-
-
4 577
health
-
-
-
1 084
social contributions
-
-
-
6 630
total
-
-
-
12 291
Employee
33 015
33 015
38 584
-
social contributions
1 248
2 740
3 202
-
health
256
561
656
-
income
3 595
3 056
4 560
-
total
5 099
6 357
8 418
-
Employer
33 015
33 015
38 584
-
social contributions
1 248
2 740
3 202
-
health
278
611
714
-
total
1 526
3 351
3 916
-
Corporate
25 934
6 134
-
-
income
3 242
767
-
-
total
3 242
767
-
-
Dividends
22 692
5 367
-
-
withholding
3 858
913
-
-
total
3 858
913
-
-
Income
42 500
42 500
42 500
42 500
Total tax
13 725
11 388
12 334
12 291
After tax
28 775
31 112
30 166
30 209
Living cost
9 941
9 941
9 941
9 941
Free-cash
18 834
21 171
20 225
20 268

Estimated living cost  is ₴9941 per week

₴5958
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
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.
₴2788
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
₴28377
₴26192
₴27336
₴19400
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
-
-
-
42 500
income
-
-
-
4 050
pensions
-
-
-
2 731
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
8 347
Employee

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

9 855
-
38 531
-
health
838
-
3 275
-
income
674
-
3 069
-
pensions
1 478
-
5 780
-
unemployment
49
-
192
-
total
3 039
-
12 316
-
Employer

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

9 855
-
38 531
-
unemployment
49
-
192
-
pensions
542
-
2 119
-
health
424
-
1 656
-
total
1 015
-
3 967
-
Corporate
31 630
42 500
-
-
income
2 847
3 825
-
-
total
2 847
3 825
-
-
Dividends
28 784
38 675
-
-
withholding
2 590
3 481
-
-
total
2 590
3 481
-
-
Income
42 500
42 500
42 500
42 500
Total tax
9 491
7 306
16 283
8 347
After tax
33 009
35 194
26 217
34 153
Living cost
6 817
6 817
6 817
6 817
Free-cash
26 192
28 377
19 400
27 336

Estimated living cost  is ₴6817 per week

₴4349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1773
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
₴16829
₴14578
₴10948
₴10710
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
-
-
-
42 500
accident
-
-
-
359
income
-
-
-
7 805
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
19 745
Employee
15 876
-
32 226
-
other
15
-
33
-
income
3 061
-
7 664
-
pensions
746
-
1 515
-
unemployment
246
-
499
-
total
4 068
-
9 711
-
Employer
15 876
-
32 226
-
accident
315
-
638
-
other
127
-
257
-
unemployment
873
-
1 772
-
pensions
3 746
-
7 605
-
total
5 061
-
10 272
-
Corporate
21 563
42 500
-
-
income

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

3 235
6 375
-
-
total
3 235
6 375
-
-
Dividends
18 328
36 125
-
-
withholding
3 751
7 489
-
-
total
3 751
7 489
-
-
Income
42 500
42 500
42 500
42 500
Total tax
16 115
13 864
19 983
19 745
After tax
26 385
28 636
22 517
22 755
Living cost
11 807
11 807
11 807
11 807
Free-cash
14 578
16 829
10 710
10 948

Estimated living cost  is ₴11807 per week

₴7969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
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.
₴2496
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
₴25345
₴25151
₴25760
₴25676
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
-
-
-
42 500
income
-
-
-
14 086
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
15 565
Employee
1 790
-
41 536
-
health
90
-
214
-
income
346
-
14 041
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
14 684
-
Employer
1 790
-
41 536
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
40 307
42 500
-
-
income
8 868
9 350
-
-
total
8 868
9 350
-
-
Dividends
31 439
33 150
-
-
withholding
6 288
6 630
-
-
total
6 288
6 630
-
-
Income
42 500
42 500
42 500
42 500
Total tax
16 174
15 980
15 649
15 565
After tax
26 326
26 520
26 851
26 935
Living cost
1 175
1 175
1 175
1 175
Free-cash
25 151
25 345
25 676
25 760

Estimated living cost  is ₴1175 per week

₴698
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
₴23286
₴21176
₴15014
₴15014
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.

-
-
-
42 500
income
-
-
-
8 080
pensions
-
-
-
8 244
unemployment
-
-
-
476
health
-
-
-
3 266
total
-
-
-
20 066
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.

11 188
-
36 825
-
health
576
-
1 633
-
income
1 542
-
8 080
-
pensions
1 566
-
4 439
-
unemployment
84
-
238
-
total
3 768
-
14 390
-
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.

11 188
-
36 825
-
unemployment
84
-
238
-
pensions
1 343
-
3 805
-
health
576
-
1 633
-
total
2 003
-
5 676
-
Corporate
29 309
42 500
-
-
income
4 396
6 375
-
-
total
4 396
6 375
-
-
Dividends
24 913
36 125
-
-
withholding
3 737
5 419
-
-
total
3 737
5 419
-
-
Income
42 500
42 500
42 500
42 500
Total tax
13 904
11 794
20 066
20 066
After tax
28 596
30 706
22 434
22 434
Living cost
7 420
7 420
7 420
7 420
Free-cash
21 176
23 286
15 014
15 014

Estimated living cost  is ₴7420 per week

₴4996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
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.
₴1635
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
₴12599
₴12444
₴12212
₴10089
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.

-
-
-
42 500
income
-
-
-
3 944
surtax
-
-
-
-
social contributions

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

-
-
-
14 769
total
-
-
-
18 713
Employee
16 664
-
34 343
-
social contributions
1 833
-
3 778
-
surtax
-
-
-
-
income
3 256
-
8 901
-
total
5 089
-
12 679
-
Employer
16 664
-
34 343
-
social contributions
3 957
-
8 157
-
total
3 957
-
8 157
-
Corporate
21 878
42 500
-
-
surtax
-
-
-
-
income
4 595
8 925
-
-
total
4 595
8 925
-
-
Dividends
17 284
33 575
-
-
withholding
4 840
9 401
-
-
total
4 840
9 401
-
-
Income
42 500
42 500
42 500
42 500
Total tax
18 481
18 326
20 836
18 713
After tax
24 019
24 174
21 664
23 787
Living cost
11 575
11 575
11 575
11 575
Free-cash
12 444
12 599
10 089
12 212

Estimated living cost  is ₴11575 per week

₴8198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2368
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
₴13547
₴10273
₴7666
₴7428
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
-
-
-
42 500
accident
-
-
-
359
income
-
-
-
7 805
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
19 745
Employee
20 736
-
32 226
-
other
20
-
33
-
income
4 331
-
7 664
-
pensions
974
-
1 515
-
unemployment
321
-
499
-
total
5 646
-
9 711
-
Employer
20 736
-
32 226
-
accident
411
-
638
-
other
166
-
257
-
unemployment
1 141
-
1 772
-
pensions
4 894
-
7 605
-
total
6 612
-
10 272
-
Corporate
15 153
42 500
-
-
income

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

2 273
6 375
-
-
total
2 273
6 375
-
-
Dividends
12 880
36 125
-
-
withholding
2 607
7 489
-
-
total
2 607
7 489
-
-
Income
42 500
42 500
42 500
42 500
Total tax
17 138
13 864
19 983
19 745
After tax
25 362
28 636
22 517
22 755
Living cost
15 089
15 089
15 089
15 089
Free-cash
10 273
13 547
7 428
7 666

Estimated living cost  is ₴15089 per week

₴10837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
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.
₴2867
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
₴28951
₴26335
₴24734
₴26043
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
-
-
-
42 500
income
-
-
-
6 375
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
10 380
Employee
9 780
-
39 558
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
978
-
3 956
-
pensions

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

859
-
1 317
-
total
2 394
-
6 128
-
Employer
9 780
-
39 558
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 653
-
health
675
-
1 035
-
total
1 919
-
2 943
-
Corporate
30 801
42 500
-
-
income
3 080
4 250
-
-
total
3 080
4 250
-
-
Dividends
27 721
38 250
-
-
withholding
1 386
1 913
-
-
total
1 386
1 913
-
-
Income
42 500
42 500
42 500
42 500
Total tax
8 779
6 163
9 071
10 380
After tax
33 721
36 337
33 429
32 120
Living cost
7 386
7 386
7 386
7 386
Free-cash
26 335
28 951
26 043
24 734

Estimated living cost  is ₴7386 per week

₴4885
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.
₴1902
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
₴5351
₴10969
₴10501
₴13735
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.

-
-
-
42 500
trade
-
-
-
3 234
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.

-
-
-
8 774
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.

-
-
-
2 933
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.

-
-
-
482
total
-
-
-
15 423
Employee

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

21 363
-
42 500
-
health

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

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

2 933
-
2 933
-
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
-
482
-
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.

1 757
-
8 774
-
total
4 787
-
12 189
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 137
42 500
-
-
surtax

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

174
350
-
-
income
3 170
6 375
-
-
trade
3 033
6 099
-
-
chamber of commerce
96
127
-
-
total
6 473
12 951
-
-
Dividends
14 663
29 549
-
-
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.

192
398
-
-
withholding
3 503
7 224
-
-
total
3 695
7 622
-
-
Income
42 500
42 500
42 500
42 500
Total tax
14 955
20 573
12 189
15 423
After tax
27 545
21 927
30 311
27 077
Living cost
16 576
16 576
16 576
16 576
Free-cash
10 969
5 351
13 735
10 501

Estimated living cost  is ₴16576 per week

₴11435
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3117
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
₴5293
₴6240
₴4368
₴4368
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
-
-
-
42 500
income
-
-
-
9 904
social contributions
-
-
-
3 770
total
-
-
-
13 674
Employee
33 585
-
42 500
-
income
6 337
-
9 904
-
social contributions
2 790
-
3 770
-
total
9 127
-
13 674
-
Employer
33 585
-
42 500
-
total
-
-
-
-
Corporate
8 915
42 500
-
-
income
1 115
5 312
-
-
total
1 115
5 312
-
-
Dividends
7 800
37 188
-
-
withholding
1 560
7 437
-
-
total
1 560
7 437
-
-
Income
42 500
42 500
42 500
42 500
Total tax
11 802
12 749
13 674
13 674
After tax
30 698
29 751
28 826
28 826
Living cost
24 458
24 458
24 458
24 458
Free-cash
6 240
5 293
4 368
4 368

Estimated living cost  is ₴24458 per week

₴18607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
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.
₴3624
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
₴9771
₴11509
₴11813
₴15620
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.

-
-
-
42 500
income
-
-
-
12 222
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
-
-
-
15 101
Employee
19 696
-
40 525
-
income
2 137
-
7 344
-
social contributions
1 973
-
1 975
-
total
4 110
-
9 319
-
Employer
19 696
-
40 525
-
social contributions
1 973
-
1 975
-
total
1 973
-
1 975
-
Corporate
20 830
42 500
-
-
income
7 291
14 875
-
-
total
7 291
14 875
-
-
Dividends
13 540
27 625
-
-
social contributions
2 031
2 268
-
-
total
2 031
2 268
-
-
Income
42 500
42 500
42 500
42 500
Total tax
15 405
17 143
11 294
15 101
After tax
27 095
25 357
31 206
27 399
Living cost
15 586
15 586
15 586
15 586
Free-cash
11 509
9 771
15 620
11 813

Estimated living cost  is ₴15586 per week

₴10266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
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.
₴3851
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
₴15394
₴13352
₴14723
₴10592
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
-
-
-
42 500
income
-
-
-
8 621
pensions
-
-
-
3 104
total
-
-
-
11 725
Employee
22 034
-
37 438
-
health
287
-
603
-
income
4 013
-
6 661
-
pensions
1 682
-
3 530
-
total
5 982
-
10 794
-
Employer
22 034
-
37 438
-
pensions
2 226
-
4 351
-
health
419
-
711
-
total
2 645
-
5 062
-
Corporate
17 821
42 500
-
-
income

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

3 386
8 075
-
-
total
3 386
8 075
-
-
Dividends
14 435
34 425
-
-
withholding
1 083
2 979
-
-
total
1 083
2 979
-
-
Income
42 500
42 500
42 500
42 500
Total tax
13 096
11 054
15 856
11 725
After tax
29 404
31 446
26 644
30 775
Living cost
16 052
16 052
16 052
16 052
Free-cash
13 352
15 394
10 592
14 723

Estimated living cost  is ₴16052 per week

₴11012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3363
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
-₴6710
₴1885
₴19017
₴11787
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
-
-
-
42 500
accident
-
-
-
108
income
-
-
-
10 361
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
13 330
Employee
15 971
-
36 309
-
health
1 829
-
4 157
-
income
2 191
-
6 959
-
pensions
1 798
-
3 252
-
total
5 818
-
14 368
-
Employer
15 971
-
36 309
-
accident
267
-
606
-
unemployment
391
-
890
-
pensions
2 597
-
4 696
-
total
3 255
-
6 192
-
Corporate
23 274
42 500
-
-
income

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

20 947
38 250
-
-
total
20 947
38 250
-
-
Dividends
2 327
4 250
-
-
withholding
442
807
-
-
total
442
807
-
-
Income
42 500
42 500
42 500
42 500
Total tax
30 462
39 057
20 560
13 330
After tax
12 038
3 443
21 940
29 170
Living cost
10 153
10 153
10 153
10 153
Free-cash
1 885
-6 710
11 787
19 017

Estimated living cost  is ₴10153 per week

₴7451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
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.
₴1906
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
₴29977
₴28255
₴18517
₴20784
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.

-
-
-
42 500
work injury
-
-
-
212
health insurance
-
-
-
3 145
income
-
-
-
6 509
pensions
-
-
-
7 820
unemployment
-
-
-
510
total
-
-
-
18 196
Employee

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

9 259
-
42 500
-
work injury
46
-
171
-
income
926
-
6 509
-
pensions
1 704
-
6 303
-
health insurance
685
-
2 535
-
unemployment
111
-
411
-
total
3 472
-
15 929
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
33 241
42 500
-
-
income

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

-
425
-
-
total
-
425
-
-
Dividends
33 241
42 075
-
-
withholding
4 986
6 311
-
-
total
4 986
6 311
-
-
Income
42 500
42 500
42 500
42 500
Total tax
8 458
6 736
15 929
18 196
After tax
34 042
35 764
26 571
24 304
Living cost
5 787
5 787
5 787
5 787
Free-cash
28 255
29 977
20 784
18 517

Estimated living cost  is ₴5787 per week

₴3585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
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.
₴1601
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
₴5283
₴3329
₴4339
₴2395
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
-
-
-
42 500
municipal
-
-
-
284
regional
-
-
-
844
national
-
-
-
8 998
social contributions
-
-
-
10 931
total
-
-
-
21 057
Employee
36 180
-
42 500
-
social contributions
12 200
-
14 331
-
regional
546
-
711
-
municipal
216
-
253
-
national
6 114
-
7 706
-
total
19 076
-
23 001
-
Employer
36 180
-
42 500
-
total
-
-
-
-
Corporate
6 320
42 500
-
-
nationa
1 517
10 200
-
-
municipal
305
2 048
-
-
total
1 822
12 248
-
-
Dividends
4 498
30 251
-
-
withholding
1 169
7 865
-
-
total
1 169
7 865
-
-
Income
42 500
42 500
42 500
42 500
Total tax
22 067
20 113
23 001
21 057
After tax
20 433
22 387
19 499
21 443
Living cost
17 104
17 104
17 104
17 104
Free-cash
3 329
5 283
2 395
4 339

Estimated living cost  is ₴17104 per week

₴12015
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.
₴3654
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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