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
₴ 44500
per

Your estimated
City
free-cash

Dresden , Germany
₴16802
₴6874
₴13577
₴12586
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.

-
-
-
44 500
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.

-
-
-
8 078
trade
-
-
-
3 225
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.

-
-
-
3 529
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.

-
-
-
444
total
-
-
-
15 276
Employee

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

19 759
-
44 500
-
surtax

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

30
-
444
-
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.

3 529
-
3 529
-
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.

552
-
8 078
-
total
4 111
-
12 051
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
24 741
44 500
-
-
income
3 712
6 675
-
-
trade
3 897
7 009
-
-
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.

204
367
-
-
chamber of commerce
114
142
-
-
total
7 927
14 193
-
-
Dividends
16 815
30 307
-
-
withholding
4 008
7 380
-
-
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.

221
406
-
-
total
4 229
7 786
-
-
Income
44 500
44 500
44 500
44 500
Total tax
16 267
21 979
12 051
15 276
After tax
28 233
22 521
32 449
29 224
Living cost
15 648
15 648
15 648
15 648
Free-cash
12 586
6 874
16 802
13 577

Estimated living cost  is ₴15648 per week

₴9843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1824
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
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.
₴3688
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
₴312
₴577
-₴36
-₴1476
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
-
-
-
44 500
pensions
-
-
-
5 340
social contributions
-
-
-
478
municipal
-
-
-
4 521
national
-
-
-
7 006
total
-
-
-
17 345
Employee
42 151
-
38 470
-
municipal
5 206
-
4 693
-
pensions
1 686
-
1 539
-
national
8 068
-
7 273
-
total
14 960
-
13 505
-
Employer
42 151
-
38 470
-
social contributions
453
-
414
-
pensions
3 372
-
3 078
-
total
3 825
-
3 492
-
Corporate
-
44 500
-
-
income

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

-
8 900
-
-
total
-
8 900
-
-
Dividends
-
35 600
-
-
withholding
-
7 832
-
-
total
-
7 832
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 785
16 732
16 997
17 345
After tax
25 715
27 768
27 503
27 155
Living cost
27 191
27 191
27 191
27 191
Free-cash
-1 476
577
312
-36

Estimated living cost  is ₴27191 per week

₴18481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴407
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.
₴5775
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
₴14416
₴24852
₴13090
₴20614
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.

-
-
-
44 500
income
-
-
-
6 356
microenterprise
-
-
-
-
social contributions

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

-
-
-
14 306
surtax
-
-
-
-
total
-
-
-
20 662
Employee
15 095
-
35 861
-
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.

1 661
-
3 945
-
income
2 687
-
6 752
-
total
4 348
-
10 697
-
Employer
15 095
-
35 861
-
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.

3 636
-
8 639
-
total
3 636
-
8 639
-
Corporate
25 768
44 500
-
-
income

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

5 154
8 900
-
-
total
5 154
8 900
-
-
Dividends

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

20 615
35 600
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
13 138
8 900
19 336
20 662
After tax
31 362
35 600
25 164
23 838
Living cost
10 748
10 748
10 748
10 748
Free-cash
20 614
24 852
14 416
13 090

Estimated living cost  is ₴10748 per week

₴6857
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1023
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.
₴2623
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
-₴6799
-₴3900
₴3658
-₴6799
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
-
-
-
44 500
income
-
-
-
7 367
pensions
-
-
-
6 053
health
-
-
-
5 781
total
-
-
-
19 201
Employee
44 116
44 116
44 116
-
pensions
7 941
6 053
7 941
-
health
6 771
5 760
6 771
-
income

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

7 221
7 221
7 221
-
total
21 933
19 034
21 933
-
Employer
44 116
44 116
44 116
-
health
3 067
3 067
3 067
-
unemployment
1 588
1 588
1 588
-
pensions
3 070
3 070
3 070
-
total
7 725
7 725
7 725
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
29 658
26 759
29 658
19 201
After tax
14 842
17 741
14 842
25 299
Living cost
21 641
21 641
21 641
21 641
Free-cash
-6 799
-3 900
-6 799
3 658

Estimated living cost  is ₴21641 per week

₴15337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴344
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.
₴4010
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
₴2729
₴3262
₴1147
₴2790
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
-
-
-
44 500
pensions
-
-
-
4 810
other
-
-
-
5 171
unemployment
-
-
-
45
accident
-
-
-
89
health
-
-
-
2 777
municipal
-
-
-
9 426
national
-
-
-
-
total
-
-
-
22 318
Employee
29 973
-
33 861
-
municipal
8 938
-
10 097
-
national
-
-
-
-
total
8 938
-
10 097
-
Employer
29 973
-
33 861
-
accident
60
-
68
-
other
3 483
-
3 935
-
health
1 843
-
2 082
-
unemployment
791
-
894
-
pensions
3 240
-
3 660
-
total
9 417
-
10 639
-
Corporate
5 110
44 500
-
-
income
1 124
9 790
-
-
total
1 124
9 790
-
-
Dividends
3 986
34 710
-
-
withholding
1 196
10 413
-
-
total
1 196
10 413
-
-
Income
44 500
44 500
44 500
44 500
Total tax
20 675
20 203
20 736
22 318
After tax
23 825
24 297
23 764
22 182
Living cost
21 035
21 035
21 035
21 035
Free-cash
2 790
3 262
2 729
1 147

Estimated living cost  is ₴21035 per week

₴13941
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2064
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
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 Stockholm model

Close
Hamburg , Germany
₴12155
₴1997
₴8786
₴9256
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.

-
-
-
44 500
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.

-
-
-
8 078
trade
-
-
-
3 369
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.

-
-
-
3 529
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.

-
-
-
444
total
-
-
-
15 420
Employee

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

26 198
-
44 500
-
surtax

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

124
-
444
-
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.

3 529
-
3 529
-
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.

2 251
-
8 078
-
total
5 904
-
12 051
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
18 302
44 500
-
-
income
2 745
6 675
-
-
trade
3 011
7 320
-
-
surtax

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

151
367
-
-
chamber of commerce
105
142
-
-
total
6 012
14 504
-
-
Dividends
12 290
29 996
-
-
withholding
2 876
7 303
-
-
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.

158
402
-
-
total
3 034
7 705
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 950
22 209
12 051
15 420
After tax
29 550
22 291
32 449
29 080
Living cost
20 294
20 294
20 294
20 294
Free-cash
9 256
1 997
12 155
8 786

Estimated living cost  is ₴20294 per week

₴13573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2140
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
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.
₴4278
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
₴15744
₴15859
₴15790
₴13717
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
-
-
-
44 500
income
-
-
-
3 878
social contributions
-
-
-
6 942
health
-
-
-
1 134
total
-
-
-
11 954
Employee
39 724
39 724
40 400
-
social contributions
1 930
3 297
3 353
-
health
395
675
687
-
income
4 171
3 677
3 860
-
total
6 496
7 649
7 900
-
Employer
39 724
39 724
40 400
-
health
430
735
747
-
social contributions
1 930
3 297
3 353
-
total
2 360
4 032
4 100
-
Corporate
18 886
743
-
-
income
2 361
93
-
-
total
2 361
93
-
-
Dividends
16 526
650
-
-
withholding
2 810
111
-
-
total
2 810
111
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 027
11 885
12 000
11 954
After tax
30 473
32 615
32 500
32 546
Living cost
16 756
16 756
16 756
16 756
Free-cash
13 717
15 859
15 744
15 790

Estimated living cost  is ₴16756 per week

₴11454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
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.
₴3712
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
₴15340
₴14661
₴20371
₴14880
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
-
-
-
44 500
income
-
-
-
5 440
pensions
-
-
-
4 450
unemployment
-
-
-
668
health
-
-
-
3 115
total
-
-
-
13 673
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.

15 094
6 007
37 238
-
unemployment
226
90
559
-
pensions
1 509
601
3 724
-
health
1 057
421
2 607
-
income
1 845
734
4 552
-
total
4 637
1 846
11 442
-
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.

15 094
6 007
37 238
-
pensions
2 943
1 171
7 262
-
total
2 943
1 171
7 262
-
Corporate
26 463
37 321
-
-
income
2 382
3 359
-
-
total
2 382
3 359
-
-
Dividends
24 081
33 962
-
-
withholding
4 575
6 453
-
-
social contributions
4 627
6 554
-
-
total
9 202
13 007
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 164
19 383
18 704
13 673
After tax
25 336
25 117
25 796
30 827
Living cost
10 456
10 456
10 456
10 456
Free-cash
14 880
14 661
15 340
20 371

Estimated living cost  is ₴10456 per week

₴7136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴856
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.
₴2256
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
₴13171
₴23122
₴11373
₴19913
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
-
-
-
44 500
income
-
-
-
5 963
pensions
-
-
-
8 901
health
-
-
-
5 785
total
-
-
-
20 649
Employee
14 655
-
33 259
-
unemployment
234
-
532
-
pensions
293
-
666
-
income
1 650
-
6 412
-
total
2 177
-
7 610
-
Employer
14 655
-
33 259
-
health
1 905
-
4 323
-
unemployment
118
-
266
-
pensions
2 931
-
6 652
-
total
4 954
-
11 241
-
Corporate
24 891
44 500
-
-
income
4 978
8 900
-
-
total
4 978
8 900
-
-
Dividends
19 913
35 600
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
12 109
8 900
18 851
20 649
After tax
32 391
35 600
25 649
23 851
Living cost
12 478
12 478
12 478
12 478
Free-cash
19 913
23 122
13 171
11 373

Estimated living cost  is ₴12478 per week

₴8558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
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.
₴2925
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
₴11128
-₴7795
₴19190
₴1858
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
-
-
-
44 500
income
-
-
-
10 302
pensions
-
-
-
2 156
other
-
-
-
192
accident
-
-
-
131
health
-
-
-
1 130
total
-
-
-
13 911
Employee
17 932
-
37 256
-
pensions
2 019
-
3 953
-
health
2 053
-
4 266
-
income
2 460
-
6 509
-
total
6 532
-
14 728
-
Employer
17 932
-
37 256
-
accident
299
-
622
-
unemployment
439
-
913
-
pensions
2 916
-
5 709
-
total
3 654
-
7 244
-
Corporate
22 913
44 500
-
-
income

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

20 622
40 050
-
-
total
20 622
40 050
-
-
Dividends
2 291
4 450
-
-
withholding
435
846
-
-
total
435
846
-
-
Income
44 500
44 500
44 500
44 500
Total tax
31 243
40 896
21 972
13 911
After tax
13 257
3 604
22 528
30 589
Living cost
11 400
11 400
11 400
11 400
Free-cash
1 858
-7 795
11 128
19 190

Estimated living cost  is ₴11400 per week

₴8355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴632
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.
₴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

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
₴31176
₴37851
₴39631
₴37021
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%.

-
-
-
44 500
microenterprise

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

-
-
-
445
total
-
-
-
445
Employee
5 530
-
44 500
-
income
1 106
-
8 900
-
total
1 106
-
8 900
-
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%.

38 970
44 500
-
-
total
-
-
-
-
Dividends
38 970
44 500
-
-
withholding
1 949
2 225
-
-
total
1 949
2 225
-
-
Income
44 500
44 500
44 500
44 500
Total tax
3 055
2 225
8 900
445
After tax
41 445
42 275
35 600
44 055
Living cost
4 424
4 424
4 424
4 424
Free-cash
37 021
37 851
31 176
39 631

Estimated living cost  is ₴4424 per week

₴2742
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴122
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.
₴1193
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
₴12317
₴18929
₴10330
₴15440
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
-
-
-
44 500
income
-
-
-
5 652
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.

-
-
-
10 681
other
-
-
-
2 114
health
-
-
-
1 958
total
-
-
-
20 405
Employee
18 757
-
35 542
-
unemployment
187
-
356
-
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.

1 313
-
2 488
-
health
263
-
498
-
income
3 229
-
6 118
-
total
4 992
-
9 460
-
Employer
18 757
-
35 542
-
accident
150
-
284
-
other
938
-
1 777
-
health
263
-
498
-
unemployment
187
-
356
-
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.

3 189
-
6 043
-
total
4 727
-
8 958
-
Corporate
21 015
44 500
-
-
income
4 414
9 345
-
-
total
4 414
9 345
-
-
Dividends
16 602
35 155
-
-
withholding
1 162
2 461
-
-
total
1 162
2 461
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 295
11 806
18 418
20 405
After tax
29 205
32 694
26 082
24 095
Living cost
13 765
13 765
13 765
13 765
Free-cash
15 440
18 929
12 317
10 330

Estimated living cost  is ₴13765 per week

₴9726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
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.
₴2888
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
-₴6721
-₴1496
-₴1746
-₴11546
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
-
-
-
44 500
income
-
-
-
8 273
pensions
-
-
-
3 135
total
-
-
-
11 408
Employee
49 290
-
39 310
-
pensions
4 755
-
3 557
-
health
812
-
608
-
income
8 885
-
7 029
-
total
14 452
-
11 194
-
Employer
49 290
-
39 310
-
health
936
-
747
-
pensions
5 820
-
4 442
-
total
6 756
-
5 189
-
Corporate
-
44 500
-
-
income

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

-
8 455
-
-
total
-
8 455
-
-
Dividends
-
36 045
-
-
withholding
-
2 703
-
-
total
-
2 703
-
-
Income
44 500
44 500
44 500
44 500
Total tax
21 208
11 158
16 383
11 408
After tax
23 292
33 342
28 117
33 092
Living cost
34 838
34 838
34 838
34 838
Free-cash
-11 546
-1 496
-6 721
-1 746

Estimated living cost  is ₴34838 per week

₴26105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4093
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
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.
₴4357
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
₴27340
₴31201
₴26107
₴28776
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
-
-
-
44 500
income
-
-
-
6 675
pensions

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

-
-
-
2 700
unemployment
-
-
-
73
health
-
-
-
2 098
total
-
-
-
11 546
Employee
9 066
-
40 921
-
pensions

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

796
-
1 602
-
health
417
-
839
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
income
906
-
4 092
-
total
2 219
-
6 734
-
Employer
9 066
-
40 921
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
health
626
-
1 259
-
unemployment
54
-
109
-
pensions

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

999
-
2 010
-
total
1 779
-
3 579
-
Corporate
33 655
44 500
-
-
income
3 365
4 450
-
-
total
3 365
4 450
-
-
Dividends
30 290
40 050
-
-
withholding
1 514
2 002
-
-
total
1 514
2 002
-
-
Income
44 500
44 500
44 500
44 500
Total tax
8 877
6 452
10 313
11 546
After tax
35 623
38 048
34 187
32 954
Living cost
6 847
6 847
6 847
6 847
Free-cash
28 776
31 201
27 340
26 107

Estimated living cost  is ₴6847 per week

₴3997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2179
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
-₴13804
-₴10905
-₴3347
-₴11780
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
-
-
-
44 500
income
-
-
-
7 367
pensions
-
-
-
6 053
health
-
-
-
5 781
total
-
-
-
19 201
Employee
47 896
44 116
44 116
-
pensions
6 053
6 053
7 941
-
health
5 975
5 760
6 771
-
income

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

7 221
7 221
7 221
-
total
19 249
19 034
21 933
-
Employer
47 896
44 116
44 116
-
health
3 328
3 067
3 067
-
unemployment
1 724
1 588
1 588
-
pensions
3 333
3 070
3 070
-
total
8 385
7 725
7 725
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
27 634
26 759
29 658
19 201
After tax
16 866
17 741
14 842
25 299
Living cost
28 646
28 646
28 646
28 646
Free-cash
-11 780
-10 905
-13 804
-3 347

Estimated living cost  is ₴28646 per week

₴21132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2559
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
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.
₴4628
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
₴9677
₴17733
₴8768
₴13130
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
-
-
-
44 500
income
-
-
-
3 825
solidarity contribution
-
-
-
-
social contributions
-
-
-
12 994
health
-
-
-
6 008
total
-
-
-
22 827
Employee
18 978
-
33 209
-
social contributions
1 234
-
2 159
-
solidarity contribution
-
-
-
-
health
2 562
-
4 483
-
income
2 277
-
3 985
-
total
6 073
-
10 627
-
Employer
18 978
-
33 209
-
health
1 708
-
2 989
-
social contributions
4 744
-
8 302
-
total
6 452
-
11 291
-
Corporate
19 070
44 500
-
-
income
3 623
8 455
-
-
total
3 623
8 455
-
-
Dividends
15 447
36 045
-
-
withholding
2 317
5 407
-
-
total
2 317
5 407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 465
13 862
21 918
22 827
After tax
26 035
30 638
22 582
21 673
Living cost
12 905
12 905
12 905
12 905
Free-cash
13 130
17 733
9 677
8 768

Estimated living cost  is ₴12905 per week

₴8964
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴918
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2769
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
-₴559
₴1944
₴1559
-₴1413
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
-
-
-
44 500
regional
-
-
-
478
social contributions
-
-
-
11 446
municipal
-
-
-
265
national
-
-
-
8 953
total
-
-
-
21 142
Employee
45 913
-
44 500
-
municipal
243
-
236
-
social contributions
15 482
-
15 005
-
regional
433
-
418
-
national
7 956
-
7 601
-
total
24 114
-
23 260
-
Employer
45 913
-
44 500
-
total
-
-
-
-
Corporate
-
44 500
-
-
nationa
-
10 680
-
-
municipal
-
1 735
-
-
total
-
12 415
-
-
Dividends
-
32 085
-
-
withholding
-
8 342
-
-
total
-
8 342
-
-
Income
44 500
44 500
44 500
44 500
Total tax
24 114
20 757
23 260
21 142
After tax
20 386
23 743
21 240
23 358
Living cost
21 799
21 799
21 799
21 799
Free-cash
-1 413
1 944
-559
1 559

Estimated living cost  is ₴21799 per week

₴15195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
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.
₴4839
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
₴11377
₴16591
₴12228
₴14984
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
-
-
-
44 500
income
-
-
-
7 842
pensions
-
-
-
8 900
other
-
-
-
-
unemployment
-
-
-
118
health
-
-
-
3 160
surtax
-
-
-
852
total
-
-
-
20 872
Employee
17 084
-
36 761
-
unemployment
1 189
-
2 559
-
surtax
56
-
754
-
pensions
1 139
-
2 452
-
health
436
-
937
-
other
-
-
-
-
income
2 864
-
7 283
-
total
5 684
-
13 985
-
Employer
17 084
-
36 761
-
other
-
-
-
-
health
777
-
1 672
-
unemployment
541
-
1 166
-
pensions
2 277
-
4 900
-
total
3 595
-
7 738
-
Corporate
23 820
44 500
-
-
income
6 193
11 570
-
-
total
6 193
11 570
-
-
Dividends
17 627
32 930
-
-
withholding
2 644
4 939
-
-
total
2 644
4 939
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 116
16 509
21 723
20 872
After tax
26 384
27 991
22 777
23 628
Living cost
11 400
11 400
11 400
11 400
Free-cash
14 984
16 591
11 377
12 228

Estimated living cost  is ₴11400 per week

₴6970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1052
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3115
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
₴4317
₴9542
₴9292
₴5441
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
-
-
-
44 500
income
-
-
-
8 273
pensions
-
-
-
3 135
total
-
-
-
11 408
Employee
33 033
-
39 310
-
pensions
2 804
-
3 557
-
health
480
-
608
-
income
5 949
-
7 029
-
total
9 233
-
11 194
-
Employer
33 033
-
39 310
-
health
628
-
747
-
pensions
3 576
-
4 442
-
total
4 204
-
5 189
-
Corporate
7 263
44 500
-
-
income

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

1 380
8 455
-
-
total
1 380
8 455
-
-
Dividends
5 883
36 045
-
-
withholding
442
2 703
-
-
total
442
2 703
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 259
11 158
16 383
11 408
After tax
29 241
33 342
28 117
33 092
Living cost
23 800
23 800
23 800
23 800
Free-cash
5 441
9 542
4 317
9 292

Estimated living cost  is ₴23800 per week

₴17831
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3936
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
-₴6514
-₴21295
-₴4240
-₴8876
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
-
-
-
44 500
regional
-
-
-
1 319
pensions
-
-
-
4 093
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.

-
-
-
890
city
-
-
-
468
health
-
-
-
136
national
-
-
-
190
total
-
-
-
7 096
Employee
48 734
-
39 829
-
city
523
-
428
-
unemployment
-
-
-
-
pensions
4 094
-
3 346
-
regional
1 596
-
1 113
-
health
110
-
90
-
national
231
-
160
-
total
6 554
-
5 137
-
Employer
48 734
-
39 829
-
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.

974
-
797
-
health
110
-
90
-
unemployment
-
-
-
-
pensions
4 094
-
3 346
-
total
5 178
-
4 233
-
Corporate
-
44 500
-
-
national
-
3 782
-
-
regional
-
9 412
-
-
total
-
13 194
-
-
Dividends
-
31 306
-
-
withholding
-
10 957
-
-
total
-
10 957
-
-
Income
44 500
44 500
44 500
44 500
Total tax
11 732
24 151
9 370
7 096
After tax
32 768
20 349
35 130
37 404
Living cost
41 644
41 644
41 644
41 644
Free-cash
-8 876
-21 295
-6 514
-4 240

Estimated living cost  is ₴41644 per week

₴27080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴511
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.
₴10315
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
₴8783
-₴1603
₴5270
₴6774
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.

-
-
-
44 500
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.

-
-
-
8 078
trade
-
-
-
3 513
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.

-
-
-
3 529
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.

-
-
-
444
total
-
-
-
15 564
Employee

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

31 047
-
44 500
-
surtax

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

201
-
444
-
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.

3 529
-
3 529
-
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.

3 651
-
8 078
-
total
7 381
-
12 051
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 453
44 500
-
-
income
2 018
6 675
-
-
trade
2 307
7 632
-
-
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.

111
367
-
-
chamber of commerce
97
141
-
-
total
4 533
14 815
-
-
Dividends
8 921
29 685
-
-
withholding
2 034
7 225
-
-
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.

112
397
-
-
total
2 146
7 622
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 060
22 437
12 051
15 564
After tax
30 440
22 063
32 449
28 936
Living cost
23 666
23 666
23 666
23 666
Free-cash
6 774
-1 603
8 783
5 270

Estimated living cost  is ₴23666 per week

₴17285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
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.
₴4181
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
₴8208
₴4753
₴8156
₴7804
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
-
-
-
44 500
income
-
-
-
3 226
pensions
-
-
-
12 366
social contributions
-
-
-
1 268
other
-
-
-
1 379
health
-
-
-
430
surtax
-
-
-
-
total
-
-
-
18 669
Employee
22 110
-
33 910
-
surtax
-
-
-
-
pensions
2 500
-
3 835
-
social contributions
630
-
967
-
income
1 305
-
3 226
-
total
4 435
-
8 028
-
Employer
22 110
-
33 910
-
other
763
-
1 170
-
health
1 548
-
2 373
-
unemployment
895
-
1 373
-
social contributions
67
-
102
-
pensions
3 632
-
5 571
-
total
6 905
-
10 589
-
Corporate
15 486
44 500
-
-
income
4 336
12 460
-
-
surtax
-
-
-
-
total
4 336
12 460
-
-
Dividends
11 149
32 040
-
-
withholding
1 427
4 101
-
-
surtax
-
-
-
-
social contributions
1 918
5 511
-
-
total
3 345
9 612
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 021
22 072
18 617
18 669
After tax
25 479
22 428
25 883
25 831
Living cost
17 675
17 675
17 675
17 675
Free-cash
7 804
4 753
8 208
8 156

Estimated living cost  is ₴17675 per week

₴11145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
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.
₴4793
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
₴9959
₴6504
₴9907
₴9373
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
-
-
-
44 500
income
-
-
-
3 226
pensions
-
-
-
12 366
social contributions
-
-
-
1 268
other
-
-
-
1 379
health
-
-
-
430
surtax
-
-
-
-
total
-
-
-
18 669
Employee
19 736
-
33 910
-
surtax
-
-
-
-
pensions
2 232
-
3 835
-
social contributions
563
-
967
-
income
1 018
-
3 226
-
total
3 813
-
8 028
-
Employer
19 736
-
33 910
-
other
681
-
1 170
-
health
1 381
-
2 373
-
unemployment
799
-
1 373
-
social contributions
59
-
102
-
pensions
3 243
-
5 571
-
total
6 163
-
10 589
-
Corporate
18 600
44 500
-
-
income
5 208
12 460
-
-
surtax
-
-
-
-
total
5 208
12 460
-
-
Dividends
13 393
32 040
-
-
withholding
1 715
4 101
-
-
surtax
-
-
-
-
social contributions
2 304
5 511
-
-
total
4 019
9 612
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 203
22 072
18 617
18 669
After tax
25 297
22 428
25 883
25 831
Living cost
15 924
15 924
15 924
15 924
Free-cash
9 373
6 504
9 959
9 907

Estimated living cost  is ₴15924 per week

₴9235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
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.
₴4769
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
₴18073
₴16195
₴17624
₴16464
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
-
-
-
44 500
income
-
-
-
6 675
social contributions
-
-
-
6 141
health
-
-
-
3 106
total
-
-
-
15 922
Employee
17 516
-
44 500
-
social contributions
2 418
-
6 141
-
health
1 222
-
3 106
-
income
2 921
-
6 226
-
total
6 561
-
15 473
-
Employer
17 516
-
44 500
-
total
-
-
-
-
Corporate
26 984
44 500
-
-
income

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

1 349
2 225
-
-
total
1 349
2 225
-
-
Dividends
25 635
42 275
-
-
withholding
3 845
6 341
-
-
health
1 789
2 951
-
-
social contributions
3 538
5 834
-
-
total
9 172
15 126
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 082
17 351
15 473
15 922
After tax
27 418
27 149
29 027
28 578
Living cost
10 954
10 954
10 954
10 954
Free-cash
16 464
16 195
18 073
17 624

Estimated living cost  is ₴10954 per week

₴7331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴675
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2695
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
-₴3517
₴6862
₴5160
₴6066
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
-
-
-
44 500
income
-
-
-
6 053
pensions
-
-
-
8 232
unemployment
-
-
-
3 168
health
-
-
-
3 404
chamber of commerce
-
-
-
178
surtax
-
-
-
102
total
-
-
-
21 137
Employee
25 818
20 587
34 475
-
unemployment
774
618
1 034
-
pensions
2 644
2 108
3 530
-
health
999
797
1 334
-
other
258
206
345
-
income
2 939
1 519
5 420
-
total
7 614
5 248
11 663
-
Employer
25 818
20 587
34 475
-
surtax
102
102
102
-
accident
335
268
448
-
other
1 226
977
1 637
-
health
975
778
1 303
-
unemployment
774
618
1 034
-
chamber of commerce
103
82
138
-
payroll
774
618
1 034
-
pensions
3 240
2 584
4 326
-
total
7 529
6 027
10 022
-
Corporate
11 151
17 885
32 516
-
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.

2 788
4 471
8 129
-
total
2 788
4 471
8 129
-
Dividends
8 363
13 414
-
-
withholding
2 300
3 689
-
-
total
2 300
3 689
-
-
Income
44 500
44 500
44 500
44 500
Total tax
20 231
19 435
29 814
21 137
After tax
24 269
25 065
14 686
23 363
Living cost
18 203
18 203
18 203
18 203
Free-cash
6 066
6 862
-3 517
5 160

Estimated living cost  is ₴18203 per week

₴12141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1553
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
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.
₴4211
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
-₴1059
₴6147
₴2852
-₴3208
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
-
-
-
44 500
communal

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

-
-
-
2 276
social contributions
-
-
-
6 556
national
-
-
-
13 980
total
-
-
-
22 812
Employee

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

36 953
-
34 466
-
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.

322
-
300
-
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.

2 771
-
2 585
-
communal

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

1 927
-
1 798
-
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.

1 736
-
1 620
-
national
11 361
-
10 387
-
total
18 117
-
16 690
-
Employer

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

36 953
-
34 466
-
surtax
4 190
-
3 908
-
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.

480
-
448
-
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.

2 272
-
2 120
-
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.

539
-
503
-
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.

3 274
-
3 054
-
total
10 755
-
10 033
-
Corporate
-
44 500
-
-
income
-
8 900
-
-
surtax
-
178
-
-
total
-
9 078
-
-
Dividends
-
35 422
-
-
withholding

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

-
10 439
-
-
total
-
10 439
-
-
Income
44 500
44 500
44 500
44 500
Total tax
28 872
19 517
26 723
22 812
After tax
15 628
24 983
17 777
21 688
Living cost
18 836
18 836
18 836
18 836
Free-cash
-3 208
6 147
-1 059
2 852

Estimated living cost  is ₴18836 per week

₴12133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
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.
₴4762
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
₴5261
₴11343
₴4946
₴7227
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
-
-
-
44 500
income
-
-
-
7 546
pensions
-
-
-
12 594
other
-
-
-
44
unemployment
-
-
-
312
accident
-
-
-
401
total
-
-
-
20 897
Employee
25 715
-
33 743
-
unemployment
399
-
523
-
pensions
1 209
-
1 586
-
other
25
-
33
-
income
5 426
-
7 682
-
total
7 059
-
9 824
-
Employer
25 715
-
33 743
-
accident
509
-
668
-
other
205
-
271
-
unemployment
1 415
-
1 856
-
pensions
6 068
-
7 963
-
total
8 197
-
10 758
-
Corporate
10 588
44 500
-
-
income

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

1 588
6 675
-
-
total
1 588
6 675
-
-
Dividends
9 000
37 825
-
-
withholding
1 772
7 825
-
-
total
1 772
7 825
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 616
14 500
20 582
20 897
After tax
25 884
30 000
23 918
23 603
Living cost
18 657
18 657
18 657
18 657
Free-cash
7 227
11 343
5 261
4 946

Estimated living cost  is ₴18657 per week

₴13739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
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.
₴3325
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
₴358
-₴640
-₴1820
-₴3825
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
-
-
-
44 500
income
-
-
-
3 056
communal
-
-
-
2 813
pensions
-
-
-
6 670
accident
-
-
-
375
health
-
-
-
3 126
surtax
-
-
-
2 206
total
-
-
-
18 246
Employee
39 122
-
39 750
-
surtax
2 398
-
2 436
-
pensions
3 129
-
3 180
-
health
1 741
-
1 769
-
income
3 779
-
3 933
-
total
11 047
-
11 318
-
Employer
39 122
-
39 750
-
accident
352
-
358
-
health
1 193
-
1 212
-
pensions
3 129
-
3 180
-
total
4 674
-
4 750
-
Corporate
704
44 500
-
-
income
106
6 675
-
-
surtax
8
468
-
-
communal
-
3 004
-
-
total
114
10 147
-
-
Dividends
590
34 353
-
-
income
4 328
1 766
-
-
withholding
88
5 153
-
-
total
4 416
6 919
-
-
Income
44 500
44 500
44 500
44 500
Total tax
20 251
17 066
16 068
18 246
After tax
24 249
27 434
28 432
26 254
Living cost
28 074
28 074
28 074
28 074
Free-cash
-3 825
-640
358
-1 820

Estimated living cost  is ₴28074 per week

₴21060
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
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.
₴5015
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
₴11174
₴16388
₴12025
₴14742
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
-
-
-
44 500
income
-
-
-
7 842
pensions
-
-
-
8 900
other
-
-
-
-
unemployment
-
-
-
118
health
-
-
-
3 160
surtax
-
-
-
852
total
-
-
-
20 872
Employee
17 397
-
36 761
-
unemployment
1 211
-
2 559
-
surtax
62
-
754
-
pensions
1 161
-
2 452
-
health
444
-
937
-
other
-
-
-
-
income
2 917
-
7 283
-
total
5 795
-
13 985
-
Employer
17 397
-
36 761
-
other
-
-
-
-
health
791
-
1 672
-
unemployment
552
-
1 166
-
pensions
2 320
-
4 900
-
total
3 663
-
7 738
-
Corporate
23 440
44 500
-
-
income
6 095
11 570
-
-
total
6 095
11 570
-
-
Dividends
17 345
32 930
-
-
withholding
2 602
4 939
-
-
total
2 602
4 939
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 155
16 509
21 723
20 872
After tax
26 345
27 991
22 777
23 628
Living cost
11 604
11 604
11 604
11 604
Free-cash
14 742
16 388
11 174
12 025

Estimated living cost  is ₴11604 per week

₴7006
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
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.
₴3320
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
₴7144
₴9474
₴9249
₴8328
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
-
-
-
44 500
regional
-
-
-
671
social contributions
-
-
-
11 446
municipal
-
-
-
265
national
-
-
-
8 953
total
-
-
-
21 335
Employee
28 657
-
44 500
-
municipal
152
-
236
-
social contributions
9 663
-
15 005
-
regional
386
-
598
-
national
4 540
-
7 601
-
total
14 741
-
23 440
-
Employer
28 657
-
44 500
-
total
-
-
-
-
Corporate
15 843
44 500
-
-
nationa
3 803
10 680
-
-
municipal
787
2 212
-
-
total
4 590
12 892
-
-
Dividends
11 253
31 608
-
-
withholding
2 925
8 218
-
-
total
2 925
8 218
-
-
Income
44 500
44 500
44 500
44 500
Total tax
22 256
21 110
23 440
21 335
After tax
22 244
23 390
21 060
23 165
Living cost
13 916
13 916
13 916
13 916
Free-cash
8 328
9 474
7 144
9 249

Estimated living cost  is ₴13916 per week

₴8655
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.
₴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.
₴3614
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
₴6680
₴14736
₴5771
₴9064
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
-
-
-
44 500
income
-
-
-
3 825
solidarity contribution
-
-
-
-
social contributions
-
-
-
12 994
health
-
-
-
6 008
total
-
-
-
22 827
Employee
23 386
-
33 209
-
social contributions
1 520
-
2 159
-
solidarity contribution
-
-
-
-
health
3 157
-
4 483
-
income
2 806
-
3 985
-
total
7 483
-
10 627
-
Employer
23 386
-
33 209
-
health
2 105
-
2 989
-
social contributions
5 846
-
8 302
-
total
7 951
-
11 291
-
Corporate
13 163
44 500
-
-
income
2 501
8 455
-
-
total
2 501
8 455
-
-
Dividends
10 662
36 045
-
-
withholding
1 599
5 407
-
-
total
1 599
5 407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 534
13 862
21 918
22 827
After tax
24 966
30 638
22 582
21 673
Living cost
15 902
15 902
15 902
15 902
Free-cash
9 064
14 736
6 680
5 771

Estimated living cost  is ₴15902 per week

₴11826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴881
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
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.
₴2920
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
-₴1774
₴8639
₴6984
₴8386
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
-
-
-
44 500
income
-
-
-
6 053
pensions
-
-
-
8 232
unemployment
-
-
-
3 168
health
-
-
-
3 404
chamber of commerce
-
-
-
178
surtax
-
-
-
-
total
-
-
-
21 035
Employee
22 582
20 587
34 555
-
unemployment
677
618
1 036
-
pensions
2 313
2 108
3 538
-
health
873
797
1 337
-
other
225
206
345
-
income
2 012
1 519
5 444
-
total
6 100
5 248
11 700
-
Employer
22 582
20 587
34 555
-
surtax
-
-
-
-
accident
293
268
449
-
other
1 073
977
1 642
-
health
854
778
1 306
-
unemployment
677
618
1 036
-
chamber of commerce
90
82
138
-
payroll
677
618
1 036
-
pensions
2 834
2 584
4 337
-
total
6 498
5 925
9 944
-
Corporate
15 419
17 987
32 595
-
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.

3 855
4 497
8 149
-
total
3 855
4 497
8 149
-
Dividends
11 564
13 490
-
-
withholding
3 180
3 710
-
-
total
3 180
3 710
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 633
19 380
29 793
21 035
After tax
24 867
25 120
14 707
23 465
Living cost
16 481
16 481
16 481
16 481
Free-cash
8 386
8 639
-1 774
6 984

Estimated living cost  is ₴16481 per week

₴9887
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
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.
₴4617
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
₴28706
₴35381
₴37161
₴34088
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%.

-
-
-
44 500
microenterprise

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

-
-
-
445
total
-
-
-
445
Employee
8 617
-
44 500
-
income
1 724
-
8 900
-
total
1 724
-
8 900
-
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%.

35 883
44 500
-
-
total
-
-
-
-
Dividends
35 883
44 500
-
-
withholding
1 794
2 225
-
-
total
1 794
2 225
-
-
Income
44 500
44 500
44 500
44 500
Total tax
3 518
2 225
8 900
445
After tax
40 982
42 275
35 600
44 055
Living cost
6 894
6 894
6 894
6 894
Free-cash
34 088
35 381
28 706
37 161

Estimated living cost  is ₴6894 per week

₴4665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴289
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
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.
₴1708
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
₴8205
₴16782
₴9482
₴12462
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.

-
-
-
44 500
income
-
-
-
8 590
pensions
-
-
-
8 127
unemployment
-
-
-
67
health
-
-
-
4 378
total
-
-
-
21 162
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.

22 844
-
38 504
-
unemployment
32
-
54
-
pensions
3 541
-
5 968
-
health
1 475
-
2 487
-
income
3 939
-
7 934
-
total
8 987
-
16 443
-
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.

22 844
-
38 504
-
health
1 522
-
2 564
-
unemployment
14
-
24
-
pensions
2 021
-
3 408
-
total
3 557
-
5 996
-
Corporate
18 099
44 500
-
-
income
3 439
8 455
-
-
total
3 439
8 455
-
-
Dividends
14 660
36 045
-
-
withholding
2 199
5 407
-
-
total
2 199
5 407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 182
13 862
22 439
21 162
After tax
26 318
30 638
22 061
23 338
Living cost
13 856
13 856
13 856
13 856
Free-cash
12 462
16 782
8 205
9 482

Estimated living cost  is ₴13856 per week

₴9509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
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.
₴3191
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
₴14120
₴3792
₴7471
-₴35953
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
-
-
-
44 500
income
-
-
-
8 674
social contributions
-
-
-
5 073
total
-
-
-
13 747
Employee
33 383
-
-
-
social contributions
2 737
-
390
-
income
7 364
-
-
-
total
10 101
-
390
-
Employer
33 383
-
-
-
social contributions
47 070
-
6 708
-
total
47 070
-
6 708
-
Corporate
-
44 500
-
-
income
-
9 790
-
-
total
-
9 790
-
-
Dividends
-
34 710
-
-
income
-
7 636
-
-
total
-
7 636
-
-
Income
44 500
44 500
44 500
44 500
Total tax
57 171
17 426
7 098
13 747
After tax
-12 671
27 074
37 402
30 753
Living cost
23 282
23 282
23 282
23 282
Free-cash
-35 953
3 792
14 120
7 471

Estimated living cost  is ₴23282 per week

₴15106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2190
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
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.
₴5689
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
₴6907
₴9107
₴8896
₴8588
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.

-
-
-
44 500
income
-
-
-
3 936
social contributions

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

-
-
-
15 464
surtax
-
-
-
-
total
-
-
-
19 400
Employee
23 760
-
35 959
-
surtax
-
-
-
-
social contributions
2 614
-
3 956
-
income
4 942
-
8 893
-
total
7 556
-
12 849
-
Employer
23 760
-
35 959
-
social contributions
5 643
-
8 540
-
total
5 643
-
8 540
-
Corporate
15 097
44 500
-
-
income
3 170
9 345
-
-
surtax
-
-
-
-
total
3 170
9 345
-
-
Dividends
11 927
35 155
-
-
withholding
3 339
9 844
-
-
total
3 339
9 844
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 708
19 189
21 389
19 400
After tax
24 792
25 311
23 111
25 100
Living cost
16 204
16 204
16 204
16 204
Free-cash
8 588
9 107
6 907
8 896

Estimated living cost  is ₴16204 per week

₴12124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴956
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
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.
₴2854
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
₴932
-₴2523
₴880
₴1027
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
-
-
-
44 500
income
-
-
-
3 226
pensions
-
-
-
12 366
social contributions
-
-
-
1 268
other
-
-
-
1 379
health
-
-
-
430
surtax
-
-
-
-
total
-
-
-
18 669
Employee
32 356
-
33 910
-
surtax
-
-
-
-
pensions
3 660
-
3 835
-
social contributions
922
-
967
-
income
2 823
-
3 226
-
total
7 405
-
8 028
-
Employer
32 356
-
33 910
-
other
1 117
-
1 170
-
health
2 265
-
2 373
-
unemployment
1 311
-
1 373
-
social contributions
97
-
102
-
pensions
5 316
-
5 571
-
total
10 106
-
10 589
-
Corporate
2 039
44 500
-
-
income
571
12 460
-
-
surtax
-
-
-
-
total
571
12 460
-
-
Dividends
1 468
32 040
-
-
withholding
188
4 101
-
-
surtax
-
-
-
-
social contributions
252
5 511
-
-
total
440
9 612
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 522
22 072
18 617
18 669
After tax
25 978
22 428
25 883
25 831
Living cost
24 951
24 951
24 951
24 951
Free-cash
1 027
-2 523
932
880

Estimated living cost  is ₴24951 per week

₴16887
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2041
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
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.
₴5681
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
₴19872
₴24521
₴18622
₴22787
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
-
-
-
44 500
income
-
-
-
559
social contributions
-
-
-
9 790
total
-
-
-
10 349
Employee
16 608
-
38 528
-
income
-
-
624
-
social contributions
1 079
-
2 504
-
total
1 079
-
3 128
-
Employer
16 608
-
38 528
-
social contributions
2 574
-
5 971
-
total
2 574
-
5 971
-
Corporate
25 317
44 500
-
-
income
2 531
4 450
-
-
total
2 531
4 450
-
-
Dividends
22 786
40 050
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
6 184
4 450
9 099
10 349
After tax
38 316
40 050
35 401
34 151
Living cost
15 529
15 529
15 529
15 529
Free-cash
22 787
24 521
19 872
18 622

Estimated living cost  is ₴15529 per week

₴10041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1171
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴67792
-₴67792
₴3105
-₴67792
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
-
-
-
44 500
pensions
-
-
-
447
labour market
-
-
-
3 524
municipal
-
-
-
7 991
national
-
-
-
4 612
total
-
-
-
16 574
Employee
104 765
104 765
104 765
-
municipal
22 309
22 309
22 309
-
labour market
8 369
8 369
8 369
-
pensions
149
149
149
-
national
12 799
12 799
12 799
-
total
43 626
43 626
43 626
-
Employer
104 765
104 765
104 765
-
municipal
22 345
22 345
22 345
-
national
12 821
12 821
12 821
-
labour market
8 381
8 381
8 381
-
pensions
298
298
298
-
total
43 845
43 845
43 845
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
87 471
87 471
87 471
16 574
After tax
-42 971
-42 971
-42 971
27 926
Living cost
24 821
24 821
24 821
24 821
Free-cash
-67 792
-67 792
-67 792
3 105

Estimated living cost  is ₴24821 per week

₴16988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2196
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴382
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.
₴5256
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
₴11297
-₴7627
₴19358
₴1882
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
-
-
-
44 500
income
-
-
-
10 302
pensions
-
-
-
2 156
other
-
-
-
192
accident
-
-
-
131
health
-
-
-
1 130
total
-
-
-
13 911
Employee
17 668
-
37 256
-
pensions
1 990
-
3 953
-
health
2 023
-
4 266
-
income
2 424
-
6 509
-
total
6 437
-
14 728
-
Employer
17 668
-
37 256
-
accident
295
-
622
-
unemployment
433
-
913
-
pensions
2 873
-
5 709
-
total
3 601
-
7 244
-
Corporate
23 232
44 500
-
-
income

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

20 908
40 050
-
-
total
20 908
40 050
-
-
Dividends
2 323
4 450
-
-
withholding
441
846
-
-
total
441
846
-
-
Income
44 500
44 500
44 500
44 500
Total tax
31 387
40 896
21 972
13 911
After tax
13 113
3 604
22 528
30 589
Living cost
11 231
11 231
11 231
11 231
Free-cash
1 882
-7 627
11 297
19 358

Estimated living cost  is ₴11231 per week

₴8175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴6120
₴10301
₴12567
₴8438
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

-
-
-
44 500
health
-
-
-
470
municipal
-
-
-
7 925
national
-
-
-
3 704
total
-
-
-
12 099
Employee
27 180
-
37 437
-
unemployment
408
-
562
-
municipal
4 452
-
6 117
-
pensions
1 834
-
2 527
-
health
203
-
361
-
national
449
-
1 916
-
total
7 346
-
11 483
-
Employer
27 180
-
37 437
-
accident
27
-
37
-
health
209
-
288
-
unemployment
176
-
243
-
pensions
4 715
-
6 495
-
total
5 127
-
7 063
-
Corporate
12 192
44 500
-
-
income
2 438
8 900
-
-
total
2 438
8 900
-
-
Dividends

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

7 316
26 700
-
-
municipal
1 317
4 806
-
-
national
-
659
-
-
total
1 317
5 465
-
-
Income
44 500
44 500
44 500
44 500
Total tax
16 228
14 365
18 546
12 099
After tax
28 272
30 135
25 954
32 401
Living cost
19 834
19 834
19 834
19 834
Free-cash
8 438
10 301
6 120
12 567

Estimated living cost  is ₴19834 per week

₴12955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
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.
₴4656
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
₴20539
₴20654
₴20585
₴17842
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
-
-
-
44 500
income
-
-
-
3 878
social contributions
-
-
-
6 942
health
-
-
-
1 134
total
-
-
-
11 954
Employee
39 724
39 724
40 400
-
social contributions
1 502
3 297
3 353
-
health
308
675
687
-
income
4 325
3 677
3 860
-
total
6 135
7 649
7 900
-
Employer
39 724
39 724
40 400
-
health
334
735
747
-
social contributions
1 502
3 297
3 353
-
total
1 836
4 032
4 100
-
Corporate
24 568
743
-
-
income
3 071
93
-
-
total
3 071
93
-
-
Dividends
21 496
650
-
-
withholding
3 655
111
-
-
total
3 655
111
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 697
11 885
12 000
11 954
After tax
29 803
32 615
32 500
32 546
Living cost
11 961
11 961
11 961
11 961
Free-cash
17 842
20 654
20 539
20 585

Estimated living cost  is ₴11961 per week

₴7168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
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.
₴3355
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
₴19269
₴28648
₴26983
₴26020
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
-
-
-
44 500
income
-
-
-
4 144
pensions
-
-
-
3 286
unemployment
-
-
-
15
health
-
-
-
1 870
total
-
-
-
9 315
Employee

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

11 858
-
40 344
-
unemployment
59
-
202
-
pensions
1 778
-
6 052
-
health
1 008
-
3 429
-
income
811
-
3 190
-
total
3 656
-
12 873
-
Employer

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

11 858
-
40 344
-
health
510
-
1 735
-
unemployment
59
-
202
-
pensions
652
-
2 219
-
total
1 221
-
4 156
-
Corporate
31 422
44 500
-
-
income
2 828
4 005
-
-
total
2 828
4 005
-
-
Dividends
28 593
40 495
-
-
withholding
2 573
3 645
-
-
total
2 573
3 645
-
-
Income
44 500
44 500
44 500
44 500
Total tax
10 278
7 650
17 029
9 315
After tax
34 222
36 850
27 471
35 185
Living cost
8 202
8 202
8 202
8 202
Free-cash
26 020
28 648
19 269
26 983

Estimated living cost  is ₴8202 per week

₴5233
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.
₴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.
₴2133
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
₴9712
₴15794
₴9397
₴13083
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
-
-
-
44 500
income
-
-
-
7 546
pensions
-
-
-
12 594
other
-
-
-
44
unemployment
-
-
-
312
accident
-
-
-
401
total
-
-
-
20 897
Employee
19 102
-
33 743
-
unemployment
296
-
523
-
pensions
898
-
1 586
-
other
19
-
33
-
income
3 683
-
7 682
-
total
4 896
-
9 824
-
Employer
19 102
-
33 743
-
accident
378
-
668
-
other
153
-
271
-
unemployment
1 051
-
1 856
-
pensions
4 508
-
7 963
-
total
6 090
-
10 758
-
Corporate
19 308
44 500
-
-
income

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

2 896
6 675
-
-
total
2 896
6 675
-
-
Dividends
16 412
37 825
-
-
withholding
3 329
7 825
-
-
total
3 329
7 825
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 211
14 500
20 582
20 897
After tax
27 289
30 000
23 918
23 603
Living cost
14 206
14 206
14 206
14 206
Free-cash
13 083
15 794
9 712
9 397

Estimated living cost  is ₴14206 per week

₴9589
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴27405
₴26851
₴27470
₴26700
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
-
-
-
44 500
income
-
-
-
14 959
pensions
-
-
-
669
health
-
-
-
485
total
-
-
-
16 113
Employee
1 397
-
43 747
-
unemployment
14
-
33
-
pensions
126
-
301
-
health
70
-
167
-
income
270
-
14 924
-
total
480
-
15 425
-
Employer
1 397
-
43 747
-
health
133
-
318
-
unemployment
28
-
67
-
pensions
154
-
368
-
total
315
-
753
-
Corporate
42 788
44 500
-
-
income
9 413
9 790
-
-
total
9 413
9 790
-
-
Dividends
33 375
34 710
-
-
withholding
6 675
6 942
-
-
total
6 675
6 942
-
-
Income
44 500
44 500
44 500
44 500
Total tax
16 883
16 732
16 178
16 113
After tax
27 617
27 768
28 322
28 387
Living cost
917
917
917
917
Free-cash
26 700
26 851
27 405
27 470

Estimated living cost  is ₴917 per week

₴545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴74
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴21
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.
₴277
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
₴13859
₴23232
₴13767
₴20694
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.

-
-
-
44 500
income
-
-
-
7 406
pensions
-
-
-
9 910
unemployment
-
-
-
572
health
-
-
-
3 926
total
-
-
-
21 814
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.

13 450
-
37 744
-
unemployment
101
-
283
-
pensions
1 883
-
5 284
-
health
693
-
1 944
-
income
1 854
-
7 455
-
total
4 531
-
14 966
-
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.

13 450
-
37 744
-
health
693
-
1 944
-
unemployment
101
-
283
-
pensions
1 614
-
4 529
-
total
2 408
-
6 756
-
Corporate
28 643
44 500
-
-
income
4 296
6 675
-
-
total
4 296
6 675
-
-
Dividends
24 346
37 825
-
-
withholding
3 652
5 674
-
-
total
3 652
5 674
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 887
12 349
21 722
21 814
After tax
29 613
32 151
22 778
22 686
Living cost
8 919
8 919
8 919
8 919
Free-cash
20 694
23 232
13 859
13 767

Estimated living cost  is ₴8919 per week

₴6005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴690
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.
₴1966
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
₴9184
₴11384
₴11173
₴11198
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.

-
-
-
44 500
income
-
-
-
3 936
social contributions

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

-
-
-
15 464
surtax
-
-
-
-
total
-
-
-
19 400
Employee
20 051
-
35 959
-
surtax
-
-
-
-
social contributions
2 206
-
3 956
-
income
3 918
-
8 893
-
total
6 124
-
12 849
-
Employer
20 051
-
35 959
-
social contributions
4 762
-
8 540
-
total
4 762
-
8 540
-
Corporate
19 688
44 500
-
-
income
4 134
9 345
-
-
surtax
-
-
-
-
total
4 134
9 345
-
-
Dividends
15 554
35 155
-
-
withholding
4 355
9 844
-
-
total
4 355
9 844
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 375
19 189
21 389
19 400
After tax
25 125
25 311
23 111
25 100
Living cost
13 927
13 927
13 927
13 927
Free-cash
11 198
11 384
9 184
11 173

Estimated living cost  is ₴13927 per week

₴9864
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴968
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2849
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
₴5762
₴11844
₴5447
₴7904
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
-
-
-
44 500
income
-
-
-
7 546
pensions
-
-
-
12 594
other
-
-
-
44
unemployment
-
-
-
312
accident
-
-
-
401
total
-
-
-
20 897
Employee
24 950
-
33 743
-
unemployment
386
-
523
-
pensions
1 173
-
1 586
-
other
25
-
33
-
income
5 211
-
7 682
-
total
6 795
-
9 824
-
Employer
24 950
-
33 743
-
accident
494
-
668
-
other
200
-
271
-
unemployment
1 372
-
1 856
-
pensions
5 888
-
7 963
-
total
7 954
-
10 758
-
Corporate
11 596
44 500
-
-
income

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

1 739
6 675
-
-
total
1 739
6 675
-
-
Dividends
9 857
37 825
-
-
withholding
1 952
7 825
-
-
total
1 952
7 825
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 440
14 500
20 582
20 897
After tax
26 060
30 000
23 918
23 603
Living cost
18 156
18 156
18 156
18 156
Free-cash
7 904
11 844
5 762
5 447

Estimated living cost  is ₴18156 per week

₴13039
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3450
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
₴25204
₴29065
₴23971
₴25882
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
-
-
-
44 500
income
-
-
-
6 675
pensions

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

-
-
-
2 700
unemployment
-
-
-
73
health
-
-
-
2 098
total
-
-
-
11 546
Employee
11 895
-
40 921
-
pensions

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

1 044
-
1 602
-
health
547
-
839
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
income
1 190
-
4 092
-
total
2 912
-
6 734
-
Employer
11 895
-
40 921
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
health
821
-
1 259
-
unemployment
71
-
109
-
pensions

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

1 311
-
2 010
-
total
2 334
-
3 579
-
Corporate
30 271
44 500
-
-
income
3 027
4 450
-
-
total
3 027
4 450
-
-
Dividends
27 244
40 050
-
-
withholding
1 362
2 002
-
-
total
1 362
2 002
-
-
Income
44 500
44 500
44 500
44 500
Total tax
9 635
6 452
10 313
11 546
After tax
34 865
38 048
34 187
32 954
Living cost
8 983
8 983
8 983
8 983
Free-cash
25 882
29 065
25 204
23 971

Estimated living cost  is ₴8983 per week

₴5941
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
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.
₴2313
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
₴12504
₴3032
₴9565
₴9790
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.

-
-
-
44 500
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.

-
-
-
8 078
trade
-
-
-
2 939
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.

-
-
-
3 529
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.

-
-
-
444
total
-
-
-
14 990
Employee

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

25 704
-
44 500
-
surtax

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

117
-
444
-
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.

3 529
-
3 529
-
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.

2 114
-
8 078
-
total
5 760
-
12 051
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
18 796
44 500
-
-
income
2 819
6 675
-
-
trade
2 697
6 386
-
-
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.

155
367
-
-
chamber of commerce
106
144
-
-
total
5 777
13 572
-
-
Dividends
13 019
30 928
-
-
withholding
3 059
7 536
-
-
surtax

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

169
415
-
-
total
3 228
7 951
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 765
21 523
12 051
14 990
After tax
29 735
22 977
32 449
29 510
Living cost
19 945
19 945
19 945
19 945
Free-cash
9 790
3 032
12 504
9 565

Estimated living cost  is ₴19945 per week

₴13758
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2146
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
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.
₴3751
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
₴2004
₴1721
₴2004
₴2862
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
-
-
-
44 500
income
-
-
-
9 261
social contributions
-
-
-
3 807
total
-
-
-
13 068
Employee
40 410
-
44 500
-
income
7 625
-
9 261
-
social contributions
3 357
-
3 807
-
total
10 982
-
13 068
-
Employer
40 410
-
44 500
-
total
-
-
-
-
Corporate
4 090
44 500
-
-
income
512
5 563
-
-
total
512
5 563
-
-
Dividends
3 578
38 937
-
-
withholding
716
7 788
-
-
total
716
7 788
-
-
Income
44 500
44 500
44 500
44 500
Total tax
12 210
13 351
13 068
13 068
After tax
32 290
31 149
31 432
31 432
Living cost
29 428
29 428
29 428
29 428
Free-cash
2 862
1 721
2 004
2 004

Estimated living cost  is ₴29428 per week

₴22388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2398
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
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.
₴4361
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
₴13818
₴7443
₴7819
₴10181
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.

-
-
-
44 500
income
-
-
-
14 705
health

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

-
-
-
3 223
total
-
-
-
17 928
Employee
23 699
-
42 124
-
income
2 571
-
7 177
-
social contributions
2 374
-
2 376
-
total
4 945
-
9 553
-
Employer
23 699
-
42 124
-
social contributions
2 374
-
2 376
-
total
2 374
-
2 376
-
Corporate
18 427
44 500
-
-
income
6 450
15 575
-
-
total
6 450
15 575
-
-
Dividends
11 977
28 925
-
-
social contributions
1 797
2 729
-
-
total
1 797
2 729
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 566
18 304
11 929
17 928
After tax
28 934
26 196
32 571
26 572
Living cost
18 753
18 753
18 753
18 753
Free-cash
10 181
7 443
13 818
7 819

Estimated living cost  is ₴18753 per week

₴12352
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1478
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
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.
₴4634
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
₴8768
₴13993
₴13743
₴11054
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
-
-
-
44 500
income
-
-
-
8 273
pensions
-
-
-
3 135
total
-
-
-
11 408
Employee
26 559
-
39 310
-
pensions
2 027
-
3 557
-
health
346
-
608
-
income
4 837
-
7 029
-
total
7 210
-
11 194
-
Employer
26 559
-
39 310
-
health
505
-
747
-
pensions
2 683
-
4 442
-
total
3 188
-
5 189
-
Corporate
14 753
44 500
-
-
income

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

2 803
8 455
-
-
total
2 803
8 455
-
-
Dividends
11 950
36 045
-
-
withholding
896
2 703
-
-
total
896
2 703
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 097
11 158
16 383
11 408
After tax
30 403
33 342
28 117
33 092
Living cost
19 349
19 349
19 349
19 349
Free-cash
11 054
13 993
8 768
13 743

Estimated living cost  is ₴19349 per week

₴13273
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.
₴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.
₴4053
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
₴10185
-₴8739
₴18246
₴1712
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
-
-
-
44 500
income
-
-
-
10 302
pensions
-
-
-
2 156
other
-
-
-
192
accident
-
-
-
131
health
-
-
-
1 130
total
-
-
-
13 911
Employee
19 417
-
37 256
-
pensions
2 186
-
3 953
-
health
2 223
-
4 266
-
income
2 664
-
6 509
-
total
7 073
-
14 728
-
Employer
19 417
-
37 256
-
accident
324
-
622
-
unemployment
476
-
913
-
pensions
3 157
-
5 709
-
total
3 957
-
7 244
-
Corporate
21 127
44 500
-
-
income

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

19 014
40 050
-
-
total
19 014
40 050
-
-
Dividends
2 113
4 450
-
-
withholding
401
846
-
-
total
401
846
-
-
Income
44 500
44 500
44 500
44 500
Total tax
30 445
40 896
21 972
13 911
After tax
14 055
3 604
22 528
30 589
Living cost
12 343
12 343
12 343
12 343
Free-cash
1 712
-8 739
10 185
18 246

Estimated living cost  is ₴12343 per week

₴9059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴719
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2317
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
₴19553
₴30857
₴18658
₴28348
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.

-
-
-
44 500
income
-
-
-
6 636
pensions
-
-
-
8 188
unemployment
-
-
-
534
health insurance
-
-
-
3 293
work injury
-
-
-
223
total
-
-
-
18 874
Employee

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

11 149
-
44 500
-
unemployment
134
-
495
-
work injury
56
-
206
-
pensions
2 051
-
7 590
-
health insurance
825
-
3 052
-
income
1 115
-
6 636
-
total
4 181
-
17 979
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
33 351
44 500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
33 351
44 500
-
-
withholding
5 003
6 675
-
-
total
5 003
6 675
-
-
Income
44 500
44 500
44 500
44 500
Total tax
9 184
6 675
17 979
18 874
After tax
35 316
37 825
26 521
25 626
Living cost
6 968
6 968
6 968
6 968
Free-cash
28 348
30 857
19 553
18 658

Estimated living cost  is ₴6968 per week

₴4317
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴506
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
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.
₴1928
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
₴365
₴2859
₴2401
₴509
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
-
-
-
44 500
regional
-
-
-
823
social contributions
-
-
-
11 446
municipal
-
-
-
297
national
-
-
-
8 953
total
-
-
-
21 519
Employee
43 532
-
44 500
-
municipal
260
-
266
-
social contributions
14 679
-
15 005
-
regional
657
-
683
-
national
7 357
-
7 601
-
total
22 953
-
23 555
-
Employer
43 532
-
44 500
-
total
-
-
-
-
Corporate
968
44 500
-
-
nationa
232
10 680
-
-
municipal
47
2 145
-
-
total
279
12 825
-
-
Dividends
688
31 675
-
-
withholding
179
8 236
-
-
total
179
8 236
-
-
Income
44 500
44 500
44 500
44 500
Total tax
23 411
21 061
23 555
21 519
After tax
21 089
23 439
20 945
22 981
Living cost
20 580
20 580
20 580
20 580
Free-cash
509
2 859
365
2 401

Estimated living cost  is ₴20580 per week

₴14456
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
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.
₴4397
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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