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
₴ 43000
per

Your estimated
City
free-cash

Dresden , Germany
₴8768
₴13506
₴13983
₴17619
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.

-
-
-
43 000
trade
-
-
-
3 636
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.

-
-
-
8 988
health

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

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

-
-
-
2 926
surtax

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

-
-
-
494
total
-
-
-
16 044
Employee

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

16 381
-
43 000
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
494
-
income

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

458
-
8 988
-
total
3 409
-
12 408
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 619
43 000
-
-
surtax

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

219
354
-
-
income
3 993
6 450
-
-
trade
4 192
6 773
-
-
chamber of commerce
103
127
-
-
total
8 507
13 704
-
-
Dividends
18 111
29 296
-
-
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.

240
394
-
-
withholding
4 365
7 161
-
-
total
4 605
7 555
-
-
Income
43 000
43 000
43 000
43 000
Total tax
16 521
21 259
12 408
16 044
After tax
26 479
21 741
30 592
26 956
Living cost
12 973
12 973
12 973
12 973
Free-cash
13 506
8 768
17 619
13 983

Estimated living cost  is ₴12973 per week

₴8160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
₴5191
₴4830
₴4308
₴4645
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
-
-
-
43 000
municipal
-
-
-
4 483
pensions
-
-
-
5 160
national
-
-
-
6 946
social contributions
-
-
-
462
total
-
-
-
17 051
Employee
33 548
-
37 173
-
municipal
4 144
-
4 649
-
pensions
1 342
-
1 487
-
national
6 421
-
7 204
-
total
11 907
-
13 340
-
Employer
33 548
-
37 173
-
social contributions
361
-
400
-
pensions
2 684
-
2 974
-
total
3 045
-
3 374
-
Corporate
4 193
43 000
-
-
income

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

839
8 600
-
-
total
839
8 600
-
-
Dividends
3 355
34 400
-
-
withholding
738
7 568
-
-
total
738
7 568
-
-
Income
43 000
43 000
43 000
43 000
Total tax
16 529
16 168
16 714
17 051
After tax
26 471
26 832
26 286
25 949
Living cost
21 641
21 641
21 641
21 641
Free-cash
4 830
5 191
4 645
4 308

Estimated living cost  is ₴21641 per week

₴14709
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4596
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
₴25490
₴21976
₴14044
₴15325
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.

-
-
-
43 000
microenterprise
-
-
-
-
income
-
-
-
6 222
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.

-
-
-
13 824
total
-
-
-
20 046
Employee
12 515
-
34 652
-
social contributions

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

1 377
-
3 812
-
surtax
-
-
-
-
income
2 228
-
6 605
-
total
3 605
-
10 417
-
Employer
12 515
-
34 652
-
social contributions

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

3 015
-
8 348
-
surtax
-
-
-
-
total
3 015
-
8 348
-
Corporate
27 471
43 000
-
-
income

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

5 494
8 600
-
-
total
5 494
8 600
-
-
Dividends

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

21 976
34 400
-
-
total
-
-
-
-
Income
43 000
43 000
43 000
43 000
Total tax
12 114
8 600
18 765
20 046
After tax
30 886
34 400
24 235
22 954
Living cost
8 910
8 910
8 910
8 910
Free-cash
21 976
25 490
15 325
14 044

Estimated living cost  is ₴8910 per week

₴5684
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴2863
₴239
₴6463
₴2870
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
-
-
-
43 000
income
-
-
-
8 435
pensions
-
-
-
5 018
health
-
-
-
5 142
total
-
-
-
18 595
Employee
36 574
36 574
36 592
-
health
5 614
4 775
4 776
-
income

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

5 987
5 987
5 987
-
pensions
6 583
5 018
5 018
-
total
18 184
15 780
15 781
-
Employer
36 574
36 574
36 592
-
unemployment
1 317
1 317
1 317
-
pensions
2 546
2 546
2 547
-
health
2 542
2 542
2 543
-
total
6 405
6 405
6 407
-
Corporate
470
21
-
-
income
94
4
-
-
total
94
4
-
-
Dividends
376
17
-
-
income
80
4
-
-
withholding
56
2
-
-
total
136
6
-
-
Income
43 000
43 000
43 000
43 000
Total tax
24 819
22 195
22 188
18 595
After tax
18 181
20 805
20 812
24 405
Living cost
17 942
17 942
17 942
17 942
Free-cash
239
2 863
2 870
6 463

Estimated living cost  is ₴17942 per week

₴12715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴6930
₴6559
₴6256
₴6415
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
-
-
-
43 000
municipal
-
-
-
9 690
accident
-
-
-
73
pensions
-
-
-
3 920
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
-
total
-
-
-
20 196
Employee
23 579
-
32 720
-
municipal
7 031
-
9 757
-
national
-
-
-
-
total
7 031
-
9 757
-
Employer
23 579
-
32 720
-
accident
47
-
65
-
other
2 740
-
3 802
-
unemployment
622
-
864
-
pensions
2 549
-
3 537
-
health
1 450
-
2 012
-
total
7 408
-
10 280
-
Corporate
12 012
43 000
-
-
income
2 643
9 460
-
-
total
2 643
9 460
-
-
Dividends
9 370
33 540
-
-
withholding
2 811
10 062
-
-
total
2 811
10 062
-
-
Income
43 000
43 000
43 000
43 000
Total tax
19 893
19 522
20 037
20 196
After tax
23 107
23 478
22 963
22 804
Living cost
16 548
16 548
16 548
16 548
Free-cash
6 559
6 930
6 415
6 256

Estimated living cost  is ₴16548 per week

₴10967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴4696
₴10712
₴9969
₴13767
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.

-
-
-
43 000
trade
-
-
-
3 798
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.

-
-
-
8 988
health

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

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

-
-
-
2 926
surtax

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

-
-
-
494
total
-
-
-
16 206
Employee

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

21 719
-
43 000
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
494
-
income

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

1 866
-
8 988
-
total
4 894
-
12 408
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 281
43 000
-
-
surtax

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

176
354
-
-
income
3 192
6 450
-
-
trade
3 501
7 073
-
-
chamber of commerce
95
126
-
-
total
6 964
14 003
-
-
Dividends
14 318
28 996
-
-
surtax

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

188
390
-
-
withholding
3 417
7 086
-
-
total
3 605
7 476
-
-
Income
43 000
43 000
43 000
43 000
Total tax
15 463
21 479
12 408
16 206
After tax
27 537
21 521
30 592
26 794
Living cost
16 825
16 825
16 825
16 825
Free-cash
10 712
4 696
13 767
9 969

Estimated living cost  is ₴16825 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
₴17582
₴15808
₴16589
₴16545
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
-
-
-
43 000
income
-
-
-
4 715
health
-
-
-
1 096
social contributions
-
-
-
6 708
total
-
-
-
12 519
Employee
32 933
32 933
39 037
-
social contributions
1 600
2 733
3 240
-
health
328
560
664
-
income
3 458
3 049
4 696
-
total
5 386
6 342
8 600
-
Employer
32 933
32 933
39 037
-
social contributions
1 600
2 733
3 240
-
health
357
610
723
-
total
1 957
3 343
3 963
-
Corporate
21 765
6 724
-
-
income
2 720
840
-
-
total
2 720
840
-
-
Dividends
19 045
5 883
-
-
withholding
3 237
1 001
-
-
total
3 237
1 001
-
-
Income
43 000
43 000
43 000
43 000
Total tax
13 300
11 526
12 563
12 519
After tax
29 700
31 474
30 437
30 481
Living cost
13 892
13 892
13 892
13 892
Free-cash
15 808
17 582
16 545
16 589

Estimated living cost  is ₴13892 per week

₴9496
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴16441
₴16605
₴22006
₴17145
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
-
-
-
43 000
income
-
-
-
5 257
pensions
-
-
-
4 300
unemployment
-
-
-
645
health
-
-
-
3 010
total
-
-
-
13 212
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.

11 233
4 471
35 983
-
health
786
313
2 519
-
income
1 373
547
4 399
-
pensions
1 123
447
3 598
-
unemployment
168
67
540
-
total
3 450
1 374
11 056
-
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.

11 233
4 471
35 983
-
pensions
2 190
872
7 017
-
total
2 190
872
7 017
-
Corporate
29 577
37 658
-
-
income
2 662
3 389
-
-
total
2 662
3 389
-
-
Dividends
26 915
34 269
-
-
social contributions
5 197
6 631
-
-
withholding
5 114
6 511
-
-
total
10 311
13 142
-
-
Income
43 000
43 000
43 000
43 000
Total tax
18 613
18 777
18 073
13 212
After tax
24 387
24 223
24 927
29 788
Living cost
7 782
7 782
7 782
7 782
Free-cash
16 605
16 441
17 145
22 006

Estimated living cost  is ₴7782 per week

₴5310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴24055
₴21394
₴12703
₴14439
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
-
-
-
43 000
income
-
-
-
5 762
pensions
-
-
-
8 600
health
-
-
-
5 590
total
-
-
-
19 952
Employee
12 150
-
32 137
-
income
1 368
-
6 196
-
pensions
243
-
643
-
unemployment
194
-
514
-
total
1 805
-
7 353
-
Employer
12 150
-
32 137
-
unemployment
98
-
257
-
pensions
2 430
-
6 428
-
health
1 579
-
4 178
-
total
4 107
-
10 863
-
Corporate
26 743
43 000
-
-
income
5 349
8 600
-
-
total
5 349
8 600
-
-
Dividends
21 394
34 400
-
-
total
-
-
-
-
Income
43 000
43 000
43 000
43 000
Total tax
11 261
8 600
18 216
19 952
After tax
31 739
34 400
24 784
23 048
Living cost
10 345
10 345
10 345
10 345
Free-cash
21 394
24 055
14 439
12 703

Estimated living cost  is ₴10345 per week

₴7095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴5884
₴2047
₴20142
₴12867
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
-
-
-
43 000
accident
-
-
-
108
income
-
-
-
10 524
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
13 491
Employee
14 735
-
36 793
-
health
1 687
-
4 213
-
income
2 022
-
7 099
-
pensions
1 659
-
3 248
-
total
5 368
-
14 560
-
Employer
14 735
-
36 793
-
accident
246
-
614
-
unemployment
361
-
901
-
pensions
2 396
-
4 691
-
total
3 003
-
6 206
-
Corporate
25 262
43 000
-
-
income

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

22 735
38 700
-
-
total
22 735
38 700
-
-
Dividends
2 526
4 300
-
-
withholding
480
817
-
-
total
480
817
-
-
Income
43 000
43 000
43 000
43 000
Total tax
31 586
39 517
20 766
13 491
After tax
11 414
3 483
22 234
29 509
Living cost
9 367
9 367
9 367
9 367
Free-cash
2 047
-5 884
12 867
20 142

Estimated living cost  is ₴9367 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴36996
₴36274
₴38716
₴30546
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%.

-
-
-
43 000
microenterprise

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

-
-
-
430
total
-
-
-
430
Employee
4 817
-
43 000
-
income
963
-
8 600
-
total
963
-
8 600
-
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%.

38 183
43 000
-
-
total
-
-
-
-
Dividends
38 183
43 000
-
-
withholding
1 909
2 150
-
-
total
1 909
2 150
-
-
Income
43 000
43 000
43 000
43 000
Total tax
2 872
2 150
8 600
430
After tax
40 128
40 850
34 400
42 570
Living cost
3 854
3 854
3 854
3 854
Free-cash
36 274
36 996
30 546
38 716

Estimated living cost  is ₴3854 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴20180
₴17288
₴11872
₴13736
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
-
-
-
43 000
income
-
-
-
5 462
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.

-
-
-
10 320
other
-
-
-
2 042
health
-
-
-
1 892
total
-
-
-
19 716
Employee
15 551
-
34 344
-
health
218
-
481
-
income
2 677
-
5 967
-
pensions

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

1 088
-
2 404
-
unemployment
155
-
344
-
total
4 138
-
9 196
-
Employer
15 551
-
34 344
-
accident
124
-
275
-
other
778
-
1 717
-
unemployment
155
-
344
-
pensions

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

2 644
-
5 839
-
health
218
-
481
-
total
3 919
-
8 656
-
Corporate
23 530
43 000
-
-
income
4 942
9 030
-
-
total
4 942
9 030
-
-
Dividends
18 589
33 970
-
-
withholding
1 301
2 378
-
-
total
1 301
2 378
-
-
Income
43 000
43 000
43 000
43 000
Total tax
14 300
11 408
17 852
19 716
After tax
28 700
31 592
25 148
23 284
Living cost
11 412
11 412
11 412
11 412
Free-cash
17 288
20 180
13 736
11 872

Estimated living cost  is ₴11412 per week

₴8063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴770
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.
₴2394
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
₴2931
-₴3241
₴2264
-₴1809
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
-
-
-
43 000
income
-
-
-
8 840
pensions
-
-
-
3 153
total
-
-
-
11 993
Employee
40 666
-
37 865
-
health
670
-
612
-
income
7 331
-
6 733
-
pensions
3 923
-
3 587
-
total
11 924
-
10 932
-
Employer
40 666
-
37 865
-
pensions
4 802
-
4 415
-
health
772
-
719
-
total
5 574
-
5 134
-
Corporate
-
43 000
-
-
income

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

-
8 170
-
-
total
-
8 170
-
-
Dividends
-
34 830
-
-
withholding
-
3 156
-
-
total
-
3 156
-
-
Income
43 000
43 000
43 000
43 000
Total tax
17 498
11 326
16 066
11 993
After tax
25 502
31 674
26 934
31 007
Living cost
28 743
28 743
28 743
28 743
Free-cash
-3 241
2 931
-1 809
2 264

Estimated living cost  is ₴28743 per week

₴21537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₴31146
₴29156
₴26933
₴28269
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
-
-
-
43 000
income
-
-
-
6 450
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
10 448
Employee
7 440
-
40 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
4 006
-
pensions

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

653
-
1 314
-
total
1 821
-
6 174
-
Employer
7 440
-
40 063
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
34 100
43 000
-
-
income
3 410
4 300
-
-
total
3 410
4 300
-
-
Dividends
30 690
38 700
-
-
withholding
1 534
1 935
-
-
total
1 534
1 935
-
-
Income
43 000
43 000
43 000
43 000
Total tax
8 225
6 235
9 112
10 448
After tax
34 775
36 765
33 888
32 552
Living cost
5 619
5 619
5 619
5 619
Free-cash
29 156
31 146
28 269
26 933

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴2944
-₴3660
₴656
-₴2937
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
-
-
-
43 000
income
-
-
-
8 435
pensions
-
-
-
5 018
health
-
-
-
5 142
total
-
-
-
18 595
Employee
39 708
36 574
36 592
-
health
4 954
4 775
4 776
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
15 781
-
Employer
39 708
36 574
36 592
-
unemployment
1 430
1 317
1 317
-
pensions
2 763
2 546
2 547
-
health
2 759
2 542
2 543
-
total
6 952
6 405
6 407
-
Corporate
-
21
-
-
income
-
4
-
-
total
-
4
-
-
Dividends
-
17
-
-
income
-
4
-
-
withholding
-
2
-
-
total
-
6
-
-
Income
43 000
43 000
43 000
43 000
Total tax
22 911
22 195
22 188
18 595
After tax
20 089
20 805
20 812
24 405
Living cost
23 749
23 749
23 749
23 749
Free-cash
-3 660
-2 944
-2 937
656

Estimated living cost  is ₴23749 per week

₴17519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴19349
₴15689
₴10686
₴11564
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
-
-
-
43 000
income
-
-
-
3 696
health
-
-
-
5 805
solidarity contribution
-
-
-
-
social contributions
-
-
-
12 556
total
-
-
-
22 057
Employee
15 084
-
32 090
-
social contributions
980
-
2 086
-
health
2 036
-
4 332
-
solidarity contribution
-
-
-
-
income
1 810
-
3 851
-
total
4 826
-
10 269
-
Employer
15 084
-
32 090
-
social contributions
3 771
-
8 022
-
health
1 358
-
2 888
-
total
5 129
-
10 910
-
Corporate
22 788
43 000
-
-
income
4 330
8 170
-
-
total
4 330
8 170
-
-
Dividends
18 458
34 830
-
-
withholding
2 769
5 224
-
-
total
2 769
5 224
-
-
Income
43 000
43 000
43 000
43 000
Total tax
17 054
13 394
21 179
22 057
After tax
25 946
29 606
21 821
20 943
Living cost
10 257
10 257
10 257
10 257
Free-cash
15 689
19 349
11 564
10 686

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
₴4870
₴2633
₴3992
₴1945
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
-
-
-
43 000
municipal
-
-
-
255
regional
-
-
-
475
national
-
-
-
9 147
social contributions
-
-
-
11 059
total
-
-
-
20 936
Employee
38 064
-
43 000
-
social contributions
12 835
-
14 500
-
regional
359
-
416
-
municipal
202
-
228
-
national
6 596
-
7 839
-
total
19 992
-
22 983
-
Employer
38 064
-
43 000
-
total
-
-
-
-
Corporate
4 936
43 000
-
-
nationa
1 185
10 320
-
-
municipal
193
1 677
-
-
total
1 378
11 997
-
-
Dividends
3 559
31 004
-
-
withholding
925
8 061
-
-
total
925
8 061
-
-
Income
43 000
43 000
43 000
43 000
Total tax
22 295
20 058
22 983
20 936
After tax
20 705
22 942
20 017
22 064
Living cost
18 072
18 072
18 072
18 072
Free-cash
2 633
4 870
1 945
3 992

Estimated living cost  is ₴18072 per week

₴12598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴17596
₴16263
₴12653
₴11822
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
-
-
-
43 000
income
-
-
-
8 149
pensions
-
-
-
8 600
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 053
surtax
-
-
-
996
total
-
-
-
20 896
Employee
14 163
-
35 523
-
other
-
-
-
-
health
362
-
906
-
surtax
46
-
900
-
income
2 374
-
7 603
-
pensions
944
-
2 369
-
unemployment
986
-
2 472
-
total
4 712
-
14 250
-
Employer
14 163
-
35 523
-
other
-
-
-
-
unemployment
449
-
1 126
-
pensions
1 888
-
4 735
-
health
645
-
1 616
-
total
2 982
-
7 477
-
Corporate
25 856
43 000
-
-
income
6 722
11 180
-
-
total
6 722
11 180
-
-
Dividends
19 133
31 820
-
-
withholding
2 870
4 773
-
-
total
2 870
4 773
-
-
Income
43 000
43 000
43 000
43 000
Total tax
17 286
15 953
21 727
20 896
After tax
25 714
27 047
21 273
22 104
Living cost
9 451
9 451
9 451
9 451
Free-cash
16 263
17 596
11 822
12 653

Estimated living cost  is ₴9451 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴12038
₴9200
₴11371
₴7298
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
-
-
-
43 000
income
-
-
-
8 840
pensions
-
-
-
3 153
total
-
-
-
11 993
Employee
27 254
-
37 865
-
health
396
-
612
-
income
4 908
-
6 733
-
pensions
2 313
-
3 587
-
total
7 617
-
10 932
-
Employer
27 254
-
37 865
-
pensions
2 950
-
4 415
-
health
518
-
719
-
total
3 468
-
5 134
-
Corporate
12 279
43 000
-
-
income

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

2 333
8 170
-
-
total
2 333
8 170
-
-
Dividends
9 945
34 830
-
-
withholding
746
3 156
-
-
total
746
3 156
-
-
Income
43 000
43 000
43 000
43 000
Total tax
14 164
11 326
16 066
11 993
After tax
28 836
31 674
26 934
31 007
Living cost
19 636
19 636
19 636
19 636
Free-cash
9 200
12 038
7 298
11 371

Estimated living cost  is ₴19636 per week

₴14711
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3247
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
-₴12706
₴1144
₴3487
₴1349
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
-
-
-
43 000
city
-
-
-
453
pensions
-
-
-
3 956
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.

-
-
-
860
regional
-
-
-
1 491
health
-
-
-
106
national
-
-
-
278
total
-
-
-
7 144
Employee
37 880
-
38 488
-
city
407
-
413
-
regional
1 240
-
1 274
-
health
86
-
86
-
pensions
3 182
-
3 232
-
unemployment
-
-
-
-
national
179
-
189
-
total
5 094
-
5 194
-
Employer
37 880
-
38 488
-
other

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

757
-
770
-
unemployment
-
-
-
-
pensions
3 182
-
3 232
-
health
86
-
86
-
total
4 025
-
4 088
-
Corporate
678
43 000
-
-
regional
144
9 094
-
-
national
57
3 655
-
-
total
201
12 749
-
-
Dividends
477
30 251
-
-
withholding
167
10 588
-
-
total
167
10 588
-
-
Income
43 000
43 000
43 000
43 000
Total tax
9 487
23 337
9 282
7 144
After tax
33 513
19 663
33 718
35 856
Living cost
32 369
32 369
32 369
32 369
Free-cash
1 144
-12 706
1 349
3 487

Estimated living cost  is ₴32369 per week

₴21049
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
₴1680
₴8624
₴7012
₴10972
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.

-
-
-
43 000
trade
-
-
-
3 960
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.

-
-
-
8 988
health

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

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

-
-
-
2 926
surtax

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

-
-
-
494
total
-
-
-
16 368
Employee

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

25 739
-
43 000
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
494
-
income

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

3 027
-
8 988
-
total
6 120
-
12 408
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
17 261
43 000
-
-
surtax

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

142
354
-
-
income
2 589
6 450
-
-
trade
2 960
7 374
-
-
chamber of commerce
89
125
-
-
total
5 780
14 303
-
-
Dividends
11 479
28 696
-
-
surtax

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

149
385
-
-
withholding
2 707
7 012
-
-
total
2 856
7 397
-
-
Income
43 000
43 000
43 000
43 000
Total tax
14 756
21 700
12 408
16 368
After tax
28 244
21 300
30 592
26 632
Living cost
19 620
19 620
19 620
19 620
Free-cash
8 624
1 680
10 972
7 012

Estimated living cost  is ₴19620 per week

₴14330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1569
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3466
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
₴7020
₴9549
₴10103
₴12487
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
-
-
-
43 000
income
-
-
-
4 119
pensions
-
-
-
10 759
other
-
-
-
1 335
health
-
-
-
805
surtax
-
-
-
-
social contributions
-
-
-
1 226
total
-
-
-
18 244
Employee
18 330
-
34 912
-
social contributions
523
-
995
-
surtax
-
-
-
-
income
1 082
-
5 124
-
pensions
2 073
-
1 652
-
total
3 678
-
7 771
-
Employer
18 330
-
34 912
-
other
632
-
1 205
-
social contributions
55
-
105
-
unemployment
742
-
1 414
-
pensions
3 011
-
2 921
-
health
1 283
-
2 444
-
total
5 723
-
8 089
-
Corporate
18 946
43 000
-
-
surtax
-
-
-
-
income
5 305
12 040
-
-
total
5 305
12 040
-
-
Dividends
13 641
30 960
-
-
surtax
-
-
-
-
social contributions
2 346
5 324
-
-
withholding
1 746
3 963
-
-
total
4 092
9 287
-
-
Income
43 000
43 000
43 000
43 000
Total tax
18 798
21 327
15 860
18 244
After tax
24 202
21 673
27 140
24 756
Living cost
14 653
14 653
14 653
14 653
Free-cash
9 549
7 020
12 487
10 103

Estimated living cost  is ₴14653 per week

₴9239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴8472
₴10850
₴11555
₴13939
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
-
-
-
43 000
income
-
-
-
4 119
pensions
-
-
-
10 759
other
-
-
-
1 335
health
-
-
-
805
surtax
-
-
-
-
social contributions
-
-
-
1 226
total
-
-
-
18 244
Employee
16 362
-
34 912
-
social contributions
467
-
995
-
surtax
-
-
-
-
income
844
-
5 124
-
pensions
1 851
-
1 652
-
total
3 162
-
7 771
-
Employer
16 362
-
34 912
-
other
565
-
1 205
-
social contributions
49
-
105
-
unemployment
662
-
1 414
-
pensions
2 689
-
2 921
-
health
1 145
-
2 444
-
total
5 110
-
8 089
-
Corporate
21 528
43 000
-
-
surtax
-
-
-
-
income
6 027
12 040
-
-
total
6 027
12 040
-
-
Dividends
15 500
30 960
-
-
surtax
-
-
-
-
social contributions
2 666
5 324
-
-
withholding
1 984
3 963
-
-
total
4 650
9 287
-
-
Income
43 000
43 000
43 000
43 000
Total tax
18 949
21 327
15 860
18 244
After tax
24 051
21 673
27 140
24 756
Living cost
13 201
13 201
13 201
13 201
Free-cash
10 850
8 472
13 939
11 555

Estimated living cost  is ₴13201 per week

₴7656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴17153
₴17374
₴18532
₴18599
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
-
-
-
43 000
income
-
-
-
6 450
health
-
-
-
3 002
social contributions
-
-
-
5 934
total
-
-
-
15 386
Employee
14 522
-
43 000
-
social contributions
2 004
-
5 934
-
health
1 014
-
3 002
-
income
2 422
-
6 383
-
total
5 440
-
15 319
-
Employer
14 522
-
43 000
-
total
-
-
-
-
Corporate
28 478
43 000
-
-
income

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

1 424
2 150
-
-
total
1 424
2 150
-
-
Dividends
27 054
40 850
-
-
health
1 888
2 851
-
-
social contributions
3 734
5 637
-
-
withholding
4 058
6 127
-
-
total
9 680
14 615
-
-
Income
43 000
43 000
43 000
43 000
Total tax
16 544
16 765
15 319
15 386
After tax
26 456
26 235
27 681
27 614
Living cost
9 082
9 082
9 082
9 082
Free-cash
17 374
17 153
18 599
18 532

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴9012
₴8347
₴6668
-₴2068
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
-
-
-
43 000
chamber of commerce
-
-
-
172
income
-
-
-
7 113
pensions
-
-
-
7 955
unemployment
-
-
-
2 627
health
-
-
-
3 289
surtax
-
-
-
85
total
-
-
-
21 241
Employee
21 404
17 068
33 324
-
other
214
171
333
-
health
828
661
1 290
-
income
2 437
1 259
6 341
-
pensions
2 192
1 747
3 413
-
unemployment
642
512
1 000
-
total
6 313
4 350
12 377
-
Employer
21 404
17 068
33 324
-
accident
278
222
433
-
other
1 017
810
1 583
-
chamber of commerce
85
68
133
-
unemployment
642
512
1 000
-
surtax
85
85
85
-
pensions
2 686
2 142
4 182
-
payroll
642
512
1 000
-
health
809
645
1 260
-
total
6 244
4 996
9 676
-
Corporate
15 352
20 935
31 699
-
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.

3 838
5 234
7 924
-
total
3 838
5 234
7 924
-
Dividends
11 515
15 701
-
-
withholding
3 167
4 317
-
-
total
3 167
4 317
-
-
Income
43 000
43 000
43 000
43 000
Total tax
19 562
18 897
29 977
21 241
After tax
23 438
24 103
13 023
21 759
Living cost
15 091
15 091
15 091
15 091
Free-cash
8 347
9 012
-2 068
6 668

Estimated living cost  is ₴15091 per week

₴10065
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
₴8500
₴2075
₴4559
₴1140
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
-
-
-
43 000
national
-
-
-
13 931
communal

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

-
-
-
2 177
social contributions
-
-
-
6 717
total
-
-
-
22 825
Employee

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

30 636
-
33 304
-
communal

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

1 598
-
1 737
-
health

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

1 439
-
1 565
-
pensions

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

2 298
-
2 498
-
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
-
289
-
national
9 419
-
10 462
-
total
15 021
-
16 551
-
Employer

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

30 636
-
33 304
-
accident

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

398
-
433
-
unemployment

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

447
-
486
-
surtax
3 474
-
3 776
-
pensions

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

2 715
-
2 950
-
health

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

1 884
-
2 048
-
total
8 918
-
9 693
-
Corporate
3 447
43 000
-
-
surtax
14
172
-
-
income
689
8 600
-
-
total
703
8 772
-
-
Dividends
2 744
34 228
-
-
withholding

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

667
10 112
-
-
total
667
10 112
-
-
Income
43 000
43 000
43 000
43 000
Total tax
25 309
18 884
26 244
22 825
After tax
17 691
24 116
16 756
20 175
Living cost
15 616
15 616
15 616
15 616
Free-cash
2 075
8 500
1 140
4 559

Estimated living cost  is ₴15616 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴13505
₴10093
₴7613
₴7262
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
-
-
-
43 000
accident
-
-
-
358
income
-
-
-
8 010
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
19 920
Employee
21 319
-
32 606
-
other
21
-
33
-
income
4 498
-
7 805
-
pensions
1 002
-
1 533
-
unemployment
331
-
506
-
total
5 852
-
9 877
-
Employer
21 319
-
32 606
-
accident
422
-
645
-
other
170
-
261
-
unemployment
1 173
-
1 793
-
pensions
5 031
-
7 695
-
total
6 796
-
10 394
-
Corporate
14 885
43 000
-
-
income

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

2 233
6 450
-
-
total
2 233
6 450
-
-
Dividends
12 653
36 550
-
-
withholding
2 559
7 578
-
-
total
2 559
7 578
-
-
Income
43 000
43 000
43 000
43 000
Total tax
17 440
14 028
20 271
19 920
After tax
25 560
28 972
22 729
23 080
Living cost
15 467
15 467
15 467
15 467
Free-cash
10 093
13 505
7 262
7 613

Estimated living cost  is ₴15467 per week

₴11390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴3039
₴113
₴1317
₴3244
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
-
-
-
43 000
accident
-
-
-
362
income
-
-
-
3 730
pensions
-
-
-
6 445
health
-
-
-
3 021
surtax
-
-
-
2 132
communal
-
-
-
2 718
total
-
-
-
18 408
Employee
32 434
-
38 410
-
health
1 443
-
1 709
-
surtax
1 988
-
2 354
-
income
3 133
-
4 756
-
pensions
2 594
-
3 073
-
total
9 158
-
11 892
-
Employer
32 434
-
38 410
-
accident
292
-
345
-
pensions
2 594
-
3 073
-
health
989
-
1 171
-
total
3 875
-
4 589
-
Corporate
6 691
43 000
-
-
surtax
70
452
-
-
communal
-
2 902
-
-
income
1 004
6 450
-
-
total
1 074
9 804
-
-
Dividends
5 617
33 196
-
-
income
4 662
1 903
-
-
withholding
843
4 979
-
-
total
5 505
6 882
-
-
Income
43 000
43 000
43 000
43 000
Total tax
19 612
16 686
16 481
18 408
After tax
23 388
26 314
26 519
24 592
Living cost
23 275
23 275
23 275
23 275
Free-cash
113
3 039
3 244
1 317

Estimated living cost  is ₴23275 per week

₴17460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴17427
₴16065
₴12484
₴11653
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
-
-
-
43 000
income
-
-
-
8 149
pensions
-
-
-
8 600
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 053
surtax
-
-
-
996
total
-
-
-
20 896
Employee
14 423
-
35 523
-
other
-
-
-
-
health
368
-
906
-
surtax
51
-
900
-
income
2 418
-
7 603
-
pensions
962
-
2 369
-
unemployment
1 004
-
2 472
-
total
4 803
-
14 250
-
Employer
14 423
-
35 523
-
other
-
-
-
-
unemployment
458
-
1 126
-
pensions
1 923
-
4 735
-
health
656
-
1 616
-
total
3 037
-
7 477
-
Corporate
25 540
43 000
-
-
income
6 640
11 180
-
-
total
6 640
11 180
-
-
Dividends
18 900
31 820
-
-
withholding
2 835
4 773
-
-
total
2 835
4 773
-
-
Income
43 000
43 000
43 000
43 000
Total tax
17 315
15 953
21 727
20 896
After tax
25 685
27 047
21 273
22 104
Living cost
9 620
9 620
9 620
9 620
Free-cash
16 065
17 427
11 653
12 484

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴11065
₴10114
₴10354
₴8318
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
-
-
-
43 000
municipal
-
-
-
255
regional
-
-
-
648
national
-
-
-
9 147
social contributions
-
-
-
11 059
total
-
-
-
21 109
Employee
23 758
-
43 000
-
social contributions
8 011
-
14 500
-
regional
320
-
578
-
municipal
126
-
228
-
national
3 764
-
7 839
-
total
12 221
-
23 145
-
Employer
23 758
-
43 000
-
total
-
-
-
-
Corporate
19 242
43 000
-
-
nationa
4 618
10 320
-
-
municipal
957
2 137
-
-
total
5 575
12 457
-
-
Dividends
13 667
30 544
-
-
withholding
3 553
7 941
-
-
total
3 553
7 941
-
-
Income
43 000
43 000
43 000
43 000
Total tax
21 349
20 398
23 145
21 109
After tax
21 651
22 602
19 855
21 891
Living cost
11 537
11 537
11 537
11 537
Free-cash
10 114
11 065
8 318
10 354

Estimated living cost  is ₴11537 per week

₴7175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴16967
₴12458
₴8304
₴9182
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
-
-
-
43 000
income
-
-
-
3 696
health
-
-
-
5 805
solidarity contribution
-
-
-
-
social contributions
-
-
-
12 556
total
-
-
-
22 057
Employee
18 587
-
32 090
-
social contributions
1 208
-
2 086
-
health
2 509
-
4 332
-
solidarity contribution
-
-
-
-
income
2 230
-
3 851
-
total
5 947
-
10 269
-
Employer
18 587
-
32 090
-
social contributions
4 647
-
8 022
-
health
1 673
-
2 888
-
total
6 320
-
10 910
-
Corporate
18 093
43 000
-
-
income
3 438
8 170
-
-
total
3 438
8 170
-
-
Dividends
14 655
34 830
-
-
withholding
2 198
5 224
-
-
total
2 198
5 224
-
-
Income
43 000
43 000
43 000
43 000
Total tax
17 903
13 394
21 179
22 057
After tax
25 097
29 606
21 821
20 943
Living cost
12 639
12 639
12 639
12 639
Free-cash
12 458
16 967
9 182
8 304

Estimated living cost  is ₴12639 per week

₴9399
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
₴10485
₴10270
₴8180
-₴623
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
-
-
-
43 000
chamber of commerce
-
-
-
172
income
-
-
-
7 113
pensions
-
-
-
7 955
unemployment
-
-
-
2 627
health
-
-
-
3 289
surtax
-
-
-
-
total
-
-
-
21 156
Employee
18 722
17 068
33 390
-
other
187
171
334
-
health
724
661
1 292
-
income
1 668
1 259
6 364
-
pensions
1 917
1 747
3 419
-
unemployment
562
512
1 001
-
total
5 058
4 350
12 410
-
Employer
18 722
17 068
33 390
-
accident
243
222
434
-
other
889
810
1 586
-
chamber of commerce
75
68
133
-
unemployment
562
512
1 001
-
surtax
-
-
-
-
pensions
2 350
2 142
4 191
-
payroll
562
512
1 001
-
health
708
645
1 262
-
total
5 389
4 911
9 608
-
Corporate
18 890
21 020
31 766
-
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.

4 723
5 255
7 941
-
total
4 723
5 255
7 941
-
Dividends
14 167
15 764
-
-
withholding
3 896
4 335
-
-
total
3 896
4 335
-
-
Income
43 000
43 000
43 000
43 000
Total tax
19 066
18 851
29 959
21 156
After tax
23 934
24 149
13 041
21 844
Living cost
13 664
13 664
13 664
13 664
Free-cash
10 270
10 485
-623
8 180

Estimated living cost  is ₴13664 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
₴34845
₴33719
₴36565
₴28395
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%.

-
-
-
43 000
microenterprise

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

-
-
-
430
total
-
-
-
430
Employee
7 506
-
43 000
-
income
1 501
-
8 600
-
total
1 501
-
8 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

35 494
43 000
-
-
total
-
-
-
-
Dividends
35 494
43 000
-
-
withholding
1 775
2 150
-
-
total
1 775
2 150
-
-
Income
43 000
43 000
43 000
43 000
Total tax
3 276
2 150
8 600
430
After tax
39 724
40 850
34 400
42 570
Living cost
6 005
6 005
6 005
6 005
Free-cash
33 719
34 845
28 395
36 565

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴18118
₴14536
₴10752
₴9520
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.

-
-
-
43 000
income
-
-
-
8 612
pensions
-
-
-
7 853
unemployment
-
-
-
64
health
-
-
-
4 231
total
-
-
-
20 760
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.

18 939
-
37 207
-
health
1 223
-
2 404
-
income
3 266
-
7 977
-
pensions
2 936
-
5 767
-
unemployment
27
-
52
-
total
7 452
-
16 200
-
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.

18 939
-
37 207
-
unemployment
11
-
22
-
pensions
1 676
-
3 292
-
health
1 261
-
2 478
-
total
2 948
-
5 792
-
Corporate
21 112
43 000
-
-
income
4 011
8 170
-
-
total
4 011
8 170
-
-
Dividends
17 101
34 830
-
-
withholding
2 565
5 224
-
-
total
2 565
5 224
-
-
Income
43 000
43 000
43 000
43 000
Total tax
16 976
13 394
21 992
20 760
After tax
26 024
29 606
21 008
22 240
Living cost
11 488
11 488
11 488
11 488
Free-cash
14 536
18 118
9 520
10 752

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴7671
-₴20894
₴11226
₴18872
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
-
-
-
43 000
income
-
-
-
8 382
social contributions
-
-
-
4 902
total
-
-
-
13 284
Employee
26 512
-
-
-
social contributions
2 174
-
310
-
income
5 848
-
-
-
total
8 022
-
310
-
Employer
26 512
-
-
-
social contributions
37 382
-
5 328
-
total
37 382
-
5 328
-
Corporate
-
43 000
-
-
income
-
9 460
-
-
total
-
9 460
-
-
Dividends
-
33 540
-
-
income
-
7 379
-
-
total
-
7 379
-
-
Income
43 000
43 000
43 000
43 000
Total tax
45 404
16 839
5 638
13 284
After tax
-2 404
26 161
37 362
29 716
Living cost
18 490
18 490
18 490
18 490
Free-cash
-20 894
7 671
18 872
11 226

Estimated living cost  is ₴18490 per week

₴11997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1739
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.
₴4518
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
₴11024
₴10593
₴10604
₴8416
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.

-
-
-
43 000
income
-
-
-
4 019
surtax
-
-
-
-
social contributions

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

-
-
-
14 943
total
-
-
-
18 962
Employee
19 698
-
34 747
-
social contributions
2 167
-
3 822
-
surtax
-
-
-
-
income
4 097
-
9 075
-
total
6 264
-
12 897
-
Employer
19 698
-
34 747
-
social contributions
4 678
-
8 253
-
total
4 678
-
8 253
-
Corporate
18 624
43 000
-
-
surtax
-
-
-
-
income
3 911
9 030
-
-
total
3 911
9 030
-
-
Dividends
14 713
33 970
-
-
withholding
4 120
9 512
-
-
total
4 120
9 512
-
-
Income
43 000
43 000
43 000
43 000
Total tax
18 973
18 542
21 150
18 962
After tax
24 027
24 458
21 850
24 038
Living cost
13 434
13 434
13 434
13 434
Free-cash
10 593
11 024
8 416
10 604

Estimated living cost  is ₴13434 per week

₴10051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴987
₴3930
₴4070
₴6454
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
-
-
-
43 000
income
-
-
-
4 119
pensions
-
-
-
10 759
other
-
-
-
1 335
health
-
-
-
805
surtax
-
-
-
-
social contributions
-
-
-
1 226
total
-
-
-
18 244
Employee
26 825
-
34 912
-
social contributions
764
-
995
-
surtax
-
-
-
-
income
2 341
-
5 124
-
pensions
3 034
-
1 652
-
total
6 139
-
7 771
-
Employer
26 825
-
34 912
-
other
926
-
1 205
-
social contributions
80
-
105
-
unemployment
1 087
-
1 414
-
pensions
4 408
-
2 921
-
health
1 877
-
2 444
-
total
8 378
-
8 089
-
Corporate
7 797
43 000
-
-
surtax
-
-
-
-
income
2 183
12 040
-
-
total
2 183
12 040
-
-
Dividends
5 614
30 960
-
-
surtax
-
-
-
-
social contributions
966
5 324
-
-
withholding
718
3 963
-
-
total
1 684
9 287
-
-
Income
43 000
43 000
43 000
43 000
Total tax
18 384
21 327
15 860
18 244
After tax
24 616
21 673
27 140
24 756
Living cost
20 686
20 686
20 686
20 686
Free-cash
3 930
987
6 454
4 070

Estimated living cost  is ₴20686 per week

₴14000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴25826
₴24387
₴19912
₴21055
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
-
-
-
43 000
income
-
-
-
753
social contributions
-
-
-
9 461
total
-
-
-
10 214
Employee
13 769
-
37 229
-
income
-
-
880
-
social contributions
895
-
2 420
-
total
895
-
3 300
-
Employer
13 769
-
37 229
-
social contributions
2 134
-
5 771
-
total
2 134
-
5 771
-
Corporate
27 097
43 000
-
-
income
2 710
4 300
-
-
total
2 710
4 300
-
-
Dividends
24 387
38 700
-
-
total
-
-
-
-
Income
43 000
43 000
43 000
43 000
Total tax
5 739
4 300
9 071
10 214
After tax
37 261
38 700
33 929
32 786
Living cost
12 874
12 874
12 874
12 874
Free-cash
24 387
25 826
21 055
19 912

Estimated living cost  is ₴12874 per week

₴8324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴50355
-₴50355
₴6028
-₴50355
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
-
-
-
43 000
municipal
-
-
-
7 993
pensions
-
-
-
371
national
-
-
-
4 563
labour market
-
-
-
3 410
total
-
-
-
16 337
Employee
87 097
87 097
87 097
-
labour market
6 958
6 958
6 958
-
national
10 640
10 640
10 640
-
municipal
18 547
18 547
18 547
-
pensions
124
124
124
-
total
36 269
36 269
36 269
-
Employer
87 097
87 097
87 097
-
labour market
6 968
6 968
6 968
-
municipal
18 576
18 576
18 576
-
pensions
248
248
248
-
national
10 659
10 659
10 659
-
total
36 451
36 451
36 451
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
43 000
43 000
43 000
43 000
Total tax
72 720
72 720
72 720
16 337
After tax
-29 720
-29 720
-29 720
26 663
Living cost
20 635
20 635
20 635
20 635
Free-cash
-50 355
-50 355
-50 355
6 028

Estimated living cost  is ₴20635 per week

₴14123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1825
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4369
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
-₴5746
₴2067
₴20280
₴13005
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
-
-
-
43 000
accident
-
-
-
108
income
-
-
-
10 524
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
13 491
Employee
14 518
-
36 793
-
health
1 662
-
4 213
-
income
1 992
-
7 099
-
pensions
1 635
-
3 248
-
total
5 289
-
14 560
-
Employer
14 518
-
36 793
-
accident
242
-
614
-
unemployment
356
-
901
-
pensions
2 361
-
4 691
-
total
2 959
-
6 206
-
Corporate
25 523
43 000
-
-
income

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

22 971
38 700
-
-
total
22 971
38 700
-
-
Dividends
2 552
4 300
-
-
withholding
485
817
-
-
total
485
817
-
-
Income
43 000
43 000
43 000
43 000
Total tax
31 704
39 517
20 766
13 491
After tax
11 296
3 483
22 234
29 509
Living cost
9 229
9 229
9 229
9 229
Free-cash
2 067
-5 746
13 005
20 280

Estimated living cost  is ₴9229 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴12134
₴11222
₴14072
₴8073
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

-
-
-
43 000
municipal
-
-
-
7 653
health
-
-
-
484
national
-
-
-
4 348
total
-
-
-
12 485
Employee
22 533
-
36 174
-
health
168
-
378
-
municipal
3 691
-
5 906
-
pensions
1 521
-
2 442
-
unemployment
338
-
543
-
national
372
-
2 388
-
total
6 090
-
11 657
-
Employer
22 533
-
36 174
-
accident
23
-
37
-
unemployment
146
-
235
-
pensions
3 909
-
6 276
-
health
173
-
279
-
total
4 251
-
6 827
-
Corporate
16 215
43 000
-
-
income
3 243
8 600
-
-
total
3 243
8 600
-
-
Dividends

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

9 729
25 800
-
-
national
-
1 179
-
-
municipal
1 751
4 644
-
-
total
1 751
5 823
-
-
Income
43 000
43 000
43 000
43 000
Total tax
15 335
14 423
18 484
12 485
After tax
27 665
28 577
24 516
30 515
Living cost
16 443
16 443
16 443
16 443
Free-cash
11 222
12 134
8 073
14 072

Estimated living cost  is ₴16443 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴21558
₴19228
₴20565
₴20521
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
-
-
-
43 000
income
-
-
-
4 715
health
-
-
-
1 096
social contributions
-
-
-
6 708
total
-
-
-
12 519
Employee
32 933
32 933
39 037
-
social contributions
1 245
2 733
3 240
-
health
255
560
664
-
income
3 586
3 049
4 696
-
total
5 086
6 342
8 600
-
Employer
32 933
32 933
39 037
-
social contributions
1 245
2 733
3 240
-
health
277
610
723
-
total
1 522
3 343
3 963
-
Corporate
26 475
6 724
-
-
income
3 310
840
-
-
total
3 310
840
-
-
Dividends
23 166
5 883
-
-
withholding
3 938
1 001
-
-
total
3 938
1 001
-
-
Income
43 000
43 000
43 000
43 000
Total tax
13 856
11 526
12 563
12 519
After tax
29 144
31 474
30 437
30 481
Living cost
9 916
9 916
9 916
9 916
Free-cash
19 228
21 558
20 521
20 565

Estimated living cost  is ₴9916 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴28808
₴26630
₴27807
₴19719
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
-
-
-
43 000
income
-
-
-
4 107
pensions
-
-
-
2 724
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
8 393
Employee

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

9 831
-
38 984
-
health
836
-
3 314
-
income
672
-
3 108
-
pensions
1 474
-
5 848
-
unemployment
49
-
195
-
total
3 031
-
12 465
-
Employer

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

9 831
-
38 984
-
unemployment
49
-
195
-
pensions
540
-
2 144
-
health
423
-
1 677
-
total
1 012
-
4 016
-
Corporate
32 157
43 000
-
-
income
2 894
3 870
-
-
total
2 894
3 870
-
-
Dividends
29 263
39 130
-
-
withholding
2 633
3 522
-
-
total
2 633
3 522
-
-
Income
43 000
43 000
43 000
43 000
Total tax
9 570
7 392
16 481
8 393
After tax
33 430
35 608
26 519
34 607
Living cost
6 800
6 800
6 800
6 800
Free-cash
26 630
28 808
19 719
27 807

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴17195
₴14950
₴11303
₴10952
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
-
-
-
43 000
accident
-
-
-
358
income
-
-
-
8 010
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
19 920
Employee
15 836
-
32 606
-
other
15
-
33
-
income
3 053
-
7 805
-
pensions
744
-
1 533
-
unemployment
245
-
506
-
total
4 057
-
9 877
-
Employer
15 836
-
32 606
-
accident
314
-
645
-
other
127
-
261
-
unemployment
871
-
1 793
-
pensions
3 737
-
7 695
-
total
5 049
-
10 394
-
Corporate
22 115
43 000
-
-
income

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

3 317
6 450
-
-
total
3 317
6 450
-
-
Dividends
18 798
36 550
-
-
withholding
3 850
7 578
-
-
total
3 850
7 578
-
-
Income
43 000
43 000
43 000
43 000
Total tax
16 273
14 028
20 271
19 920
After tax
26 727
28 972
22 729
23 080
Living cost
11 777
11 777
11 777
11 777
Free-cash
14 950
17 195
10 952
11 303

Estimated living cost  is ₴11777 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2489
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
₴25662
₴25469
₴26093
₴26011
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
-
-
-
43 000
income
-
-
-
14 265
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
15 737
Employee
1 782
-
42 040
-
health
89
-
213
-
income
345
-
14 220
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
14 860
-
Employer
1 782
-
42 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
40 817
43 000
-
-
income
8 980
9 460
-
-
total
8 980
9 460
-
-
Dividends
31 838
33 540
-
-
withholding
6 368
6 708
-
-
total
6 368
6 708
-
-
Income
43 000
43 000
43 000
43 000
Total tax
16 361
16 168
15 819
15 737
After tax
26 639
26 832
27 181
27 263
Living cost
1 170
1 170
1 170
1 170
Free-cash
25 469
25 662
26 011
26 093

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴23660
₴21552
₴15360
₴15361
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.

-
-
-
43 000
income
-
-
-
8 266
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
20 232
Employee

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

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

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

11 170
-
37 334
-
health
575
-
1 630
-
income
1 540
-
8 266
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
14 565
-
Employer

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

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

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

11 170
-
37 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
29 830
43 000
-
-
income
4 475
6 450
-
-
total
4 475
6 450
-
-
Dividends
25 356
36 550
-
-
withholding
3 803
5 482
-
-
total
3 803
5 482
-
-
Income
43 000
43 000
43 000
43 000
Total tax
14 040
11 932
20 231
20 232
After tax
28 960
31 068
22 769
22 768
Living cost
7 408
7 408
7 408
7 408
Free-cash
21 552
23 660
15 361
15 360

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴12912
₴12758
₴12492
₴10304
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.

-
-
-
43 000
income
-
-
-
4 019
surtax
-
-
-
-
social contributions

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

-
-
-
14 943
total
-
-
-
18 962
Employee
16 623
-
34 747
-
social contributions
1 829
-
3 822
-
surtax
-
-
-
-
income
3 248
-
9 075
-
total
5 077
-
12 897
-
Employer
16 623
-
34 747
-
social contributions
3 948
-
8 253
-
total
3 948
-
8 253
-
Corporate
22 430
43 000
-
-
surtax
-
-
-
-
income
4 710
9 030
-
-
total
4 710
9 030
-
-
Dividends
17 720
33 970
-
-
withholding
4 961
9 512
-
-
total
4 961
9 512
-
-
Income
43 000
43 000
43 000
43 000
Total tax
18 696
18 542
21 150
18 962
After tax
24 304
24 458
21 850
24 038
Living cost
11 546
11 546
11 546
11 546
Free-cash
12 758
12 912
10 304
12 492

Estimated living cost  is ₴11546 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴13920
₴10654
₴8028
₴7677
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
-
-
-
43 000
accident
-
-
-
358
income
-
-
-
8 010
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
19 920
Employee
20 684
-
32 606
-
other
20
-
33
-
income
4 320
-
7 805
-
pensions
972
-
1 533
-
unemployment
320
-
506
-
total
5 632
-
9 877
-
Employer
20 684
-
32 606
-
accident
410
-
645
-
other
166
-
261
-
unemployment
1 138
-
1 793
-
pensions
4 881
-
7 695
-
total
6 595
-
10 394
-
Corporate
15 721
43 000
-
-
income

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

2 358
6 450
-
-
total
2 358
6 450
-
-
Dividends
13 363
36 550
-
-
withholding
2 709
7 578
-
-
total
2 709
7 578
-
-
Income
43 000
43 000
43 000
43 000
Total tax
17 294
14 028
20 271
19 920
After tax
25 706
28 972
22 729
23 080
Living cost
15 052
15 052
15 052
15 052
Free-cash
10 654
13 920
7 677
8 028

Estimated living cost  is ₴15052 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴29393
₴26781
₴25180
₴26516
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
-
-
-
43 000
income
-
-
-
6 450
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
10 448
Employee
9 762
-
40 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
4 006
-
pensions

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

857
-
1 314
-
total
2 389
-
6 174
-
Employer
9 762
-
40 063
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
31 322
43 000
-
-
income
3 132
4 300
-
-
total
3 132
4 300
-
-
Dividends
28 190
38 700
-
-
withholding
1 410
1 935
-
-
total
1 410
1 935
-
-
Income
43 000
43 000
43 000
43 000
Total tax
8 847
6 235
9 112
10 448
After tax
34 153
36 765
33 888
32 552
Living cost
7 372
7 372
7 372
7 372
Free-cash
26 781
29 393
26 516
25 180

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴5649
₴11251
₴10744
₴14057
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.

-
-
-
43 000
trade
-
-
-
3 313
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.

-
-
-
8 988
health

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

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

-
-
-
2 926
surtax

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

-
-
-
494
total
-
-
-
15 721
Employee

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

21 310
-
43 000
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
494
-
income

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

1 752
-
8 988
-
total
4 775
-
12 408
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 690
43 000
-
-
surtax

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

179
354
-
-
income
3 253
6 450
-
-
trade
3 113
6 170
-
-
chamber of commerce
97
128
-
-
total
6 642
13 102
-
-
Dividends
15 048
29 897
-
-
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.

198
402
-
-
withholding
3 599
7 312
-
-
total
3 797
7 714
-
-
Income
43 000
43 000
43 000
43 000
Total tax
15 214
20 816
12 408
15 721
After tax
27 786
22 184
30 592
27 279
Living cost
16 535
16 535
16 535
16 535
Free-cash
11 251
5 649
14 057
10 744

Estimated living cost  is ₴16535 per week

₴11406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
₴5703
₴6649
₴4655
₴4655
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
-
-
-
43 000
income
-
-
-
10 120
social contributions
-
-
-
3 828
total
-
-
-
13 948
Employee
33 502
-
43 000
-
income
6 322
-
10 120
-
social contributions
2 783
-
3 828
-
total
9 105
-
13 948
-
Employer
33 502
-
43 000
-
total
-
-
-
-
Corporate
9 498
43 000
-
-
income
1 187
5 375
-
-
total
1 187
5 375
-
-
Dividends
8 311
37 625
-
-
withholding
1 662
7 525
-
-
total
1 662
7 525
-
-
Income
43 000
43 000
43 000
43 000
Total tax
11 954
12 900
13 948
13 948
After tax
31 046
30 100
29 052
29 052
Living cost
24 397
24 397
24 397
24 397
Free-cash
6 649
5 703
4 655
4 655

Estimated living cost  is ₴24397 per week

₴18561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
₴10140
₴11813
₴12401
₴16036
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.

-
-
-
43 000
income
-
-
-
12 191
health

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

-
-
-
2 861
total
-
-
-
15 052
Employee
19 647
-
41 030
-
income
2 132
-
7 477
-
social contributions
1 969
-
1 970
-
total
4 101
-
9 447
-
Employer
19 647
-
41 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
21 384
43 000
-
-
income
7 485
15 050
-
-
total
7 485
15 050
-
-
Dividends
13 899
27 950
-
-
social contributions
2 085
2 263
-
-
total
2 085
2 263
-
-
Income
43 000
43 000
43 000
43 000
Total tax
15 640
17 313
11 417
15 052
After tax
27 360
25 687
31 583
27 948
Living cost
15 547
15 547
15 547
15 547
Free-cash
11 813
10 140
16 036
12 401

Estimated living cost  is ₴15547 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴15710
₴13829
₴15043
₴10970
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
-
-
-
43 000
income
-
-
-
8 840
pensions
-
-
-
3 153
total
-
-
-
11 993
Employee
21 912
-
37 865
-
health
286
-
612
-
income
3 990
-
6 733
-
pensions
1 672
-
3 587
-
total
5 948
-
10 932
-
Employer
21 912
-
37 865
-
pensions
2 214
-
4 415
-
health
416
-
719
-
total
2 630
-
5 134
-
Corporate
18 457
43 000
-
-
income

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

3 507
8 170
-
-
total
3 507
8 170
-
-
Dividends
14 951
34 830
-
-
withholding
1 122
3 156
-
-
total
1 122
3 156
-
-
Income
43 000
43 000
43 000
43 000
Total tax
13 207
11 326
16 066
11 993
After tax
29 793
31 674
26 934
31 007
Living cost
15 964
15 964
15 964
15 964
Free-cash
13 829
15 710
10 970
15 043

Estimated living cost  is ₴15964 per week

₴10951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴6660
₴1927
₴19366
₴12091
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
-
-
-
43 000
accident
-
-
-
108
income
-
-
-
10 524
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
13 491
Employee
15 955
-
36 793
-
health
1 827
-
4 213
-
income
2 189
-
7 099
-
pensions
1 797
-
3 248
-
total
5 813
-
14 560
-
Employer
15 955
-
36 793
-
accident
266
-
614
-
unemployment
391
-
901
-
pensions
2 594
-
4 691
-
total
3 251
-
6 206
-
Corporate
23 793
43 000
-
-
income

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

21 414
38 700
-
-
total
21 414
38 700
-
-
Dividends
2 379
4 300
-
-
withholding
452
817
-
-
total
452
817
-
-
Income
43 000
43 000
43 000
43 000
Total tax
30 930
39 517
20 766
13 491
After tax
12 070
3 483
22 234
29 509
Living cost
10 143
10 143
10 143
10 143
Free-cash
1 927
-6 660
12 091
19 366

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴30399
₴28682
₴18791
₴21198
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.

-
-
-
43 000
work injury
-
-
-
215
health insurance
-
-
-
3 182
income
-
-
-
6 599
pensions
-
-
-
7 912
unemployment
-
-
-
516
total
-
-
-
18 424
Employee

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

9 257
-
43 000
-
work injury
46
-
171
-
income
926
-
6 599
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
16 017
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
33 743
43 000
-
-
income

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

-
430
-
-
total
-
430
-
-
Dividends
33 743
42 570
-
-
withholding
5 062
6 386
-
-
total
5 062
6 386
-
-
Income
43 000
43 000
43 000
43 000
Total tax
8 533
6 816
16 017
18 424
After tax
34 467
36 184
26 983
24 576
Living cost
5 785
5 785
5 785
5 785
Free-cash
28 682
30 399
21 198
18 791

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₴5587
₴3641
₴4584
₴2617
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
-
-
-
43 000
municipal
-
-
-
288
regional
-
-
-
860
national
-
-
-
9 147
social contributions
-
-
-
11 059
total
-
-
-
21 354
Employee
36 090
-
43 000
-
social contributions
12 169
-
14 500
-
regional
545
-
725
-
municipal
215
-
257
-
national
6 099
-
7 839
-
total
19 028
-
23 321
-
Employer
36 090
-
43 000
-
total
-
-
-
-
Corporate
6 910
43 000
-
-
nationa
1 658
10 320
-
-
municipal
333
2 073
-
-
total
1 991
12 393
-
-
Dividends
4 918
30 608
-
-
withholding
1 278
7 958
-
-
total
1 278
7 958
-
-
Income
43 000
43 000
43 000
43 000
Total tax
22 297
20 351
23 321
21 354
After tax
20 703
22 649
19 679
21 646
Living cost
17 062
17 062
17 062
17 062
Free-cash
3 641
5 587
2 617
4 584

Estimated living cost  is ₴17062 per week

₴11985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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