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
₴13082
₴17339
₴7658
₴13922
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
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.

-
-
-
3 350
trade
-
-
-
3 417
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.

-
-
-
8 490
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.

-
-
-
467
total
-
-
-
15 724
Employee

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

18 757
-
44 500
-
health

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

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

3 350
-
3 350
-
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.

524
-
8 490
-
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.

29
-
467
-
total
3 903
-
12 307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
25 743
44 500
-
-
income
3 861
6 675
-
-
chamber of commerce
112
139
-
-
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.

212
367
-
-
trade
4 055
7 009
-
-
total
8 240
14 190
-
-
Dividends
17 503
30 311
-
-
surtax

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

231
407
-
-
withholding
4 190
7 391
-
-
total
4 421
7 798
-
-
Income
44 500
44 500
44 500
44 500
Total tax
16 564
21 988
12 307
15 724
After tax
27 936
22 512
32 193
28 776
Living cost
14 854
14 854
14 854
14 854
Free-cash
13 082
7 658
17 339
13 922

Estimated living cost  is ₴14854 per week

₴9344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1732
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3501
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
₴1371
₴1890
₴2261
₴1543
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
social contributions
-
-
-
478
municipal
-
-
-
4 562
pensions
-
-
-
5 340
national
-
-
-
7 070
total
-
-
-
17 450
Employee
39 541
-
38 470
-
pensions
1 582
-
1 539
-
municipal
4 884
-
4 735
-
national
7 568
-
7 337
-
total
14 034
-
13 611
-
Employer
39 541
-
38 470
-
pensions
3 163
-
3 078
-
social contributions
425
-
414
-
total
3 588
-
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
17 622
16 732
17 103
17 450
After tax
26 878
27 768
27 397
27 050
Living cost
25 507
25 507
25 507
25 507
Free-cash
1 371
2 261
1 890
1 543

Estimated living cost  is ₴25507 per week

₴17337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2371
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.
₴5417
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
₴21373
₴14931
₴25397
₴13604
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
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.

-
-
-
14 307
income
-
-
-
6 386
surtax
-
-
-
-
microenterprise
-
-
-
-
total
-
-
-
20 693
Employee
14 330
-
35 861
-
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.

1 577
-
3 945
-
income
2 551
-
6 782
-
surtax
-
-
-
-
total
4 128
-
10 727
-
Employer
14 330
-
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.

3 452
-
8 639
-
total
3 452
-
8 639
-
Corporate
26 718
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%.

5 344
8 900
-
-
total
5 344
8 900
-
-
Dividends

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

21 375
35 600
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
12 924
8 900
19 366
20 693
After tax
31 576
35 600
25 134
23 807
Living cost
10 203
10 203
10 203
10 203
Free-cash
21 373
25 397
14 931
13 604

Estimated living cost  is ₴10203 per week

₴6509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
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.
₴2490
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
-₴4199
-₴4199
-₴1447
₴4740
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
health
-
-
-
5 617
income
-
-
-
7 853
pensions
-
-
-
5 746
total
-
-
-
19 216
Employee
41 879
41 879
41 879
-
pensions
7 538
5 746
7 538
-
health
6 428
5 468
6 428
-
income

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

6 855
6 855
6 855
-
total
20 821
18 069
20 821
-
Employer
41 879
41 879
41 879
-
pensions
2 915
2 915
2 915
-
health
2 911
2 911
2 911
-
unemployment
1 508
1 508
1 508
-
total
7 334
7 334
7 334
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
28 155
25 403
28 155
19 216
After tax
16 345
19 097
16 345
25 284
Living cost
20 544
20 544
20 544
20 544
Free-cash
-4 199
-1 447
-4 199
4 740

Estimated living cost  is ₴20544 per week

₴14559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1852
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
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.
₴3806
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
₴3658
₴3577
₴4110
₴2048
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
accident
-
-
-
88
health
-
-
-
2 761
municipal
-
-
-
9 448
pensions
-
-
-
4 783
other
-
-
-
5 141
unemployment
-
-
-
44
national
-
-
-
-
total
-
-
-
22 265
Employee
28 765
-
33 861
-
municipal
8 578
-
10 097
-
national
-
-
-
-
total
8 578
-
10 097
-
Employer
28 765
-
33 861
-
pensions
3 109
-
3 660
-
other
3 342
-
3 935
-
health
1 769
-
2 082
-
unemployment
759
-
894
-
accident
58
-
68
-
total
9 037
-
10 639
-
Corporate
6 698
44 500
-
-
income
1 473
9 790
-
-
total
1 473
9 790
-
-
Dividends
5 224
34 710
-
-
withholding
1 567
10 413
-
-
total
1 567
10 413
-
-
Income
44 500
44 500
44 500
44 500
Total tax
20 655
20 203
20 736
22 265
After tax
23 845
24 297
23 764
22 235
Living cost
20 187
20 187
20 187
20 187
Free-cash
3 658
4 110
3 577
2 048

Estimated living cost  is ₴20187 per week

₴13379
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
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.
₴4520
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
₴9910
₴12928
₴3019
₴9358
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
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.

-
-
-
3 350
trade
-
-
-
3 570
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.

-
-
-
8 490
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.

-
-
-
467
total
-
-
-
15 877
Employee

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

24 870
-
44 500
-
health

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

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

3 350
-
3 350
-
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.

2 137
-
8 490
-
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
-
467
-
total
5 604
-
12 307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
19 630
44 500
-
-
income
2 945
6 675
-
-
chamber of commerce
102
138
-
-
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.

162
367
-
-
trade
3 229
7 320
-
-
total
6 438
14 500
-
-
Dividends
13 192
30 001
-
-
surtax

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

171
402
-
-
withholding
3 112
7 314
-
-
total
3 283
7 716
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 325
22 216
12 307
15 877
After tax
29 175
22 284
32 193
28 623
Living cost
19 265
19 265
19 265
19 265
Free-cash
9 910
3 019
12 928
9 358

Estimated living cost  is ₴19265 per week

₴12885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2032
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
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.
₴4061
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
₴14661
₴16237
₴16694
₴16282
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
social contributions
-
-
-
6 942
health
-
-
-
1 134
income
-
-
-
4 236
total
-
-
-
12 312
Employee
37 710
37 710
40 400
-
health
375
641
687
-
social contributions
1 832
3 130
3 353
-
income
3 960
3 491
4 217
-
total
6 167
7 262
8 257
-
Employer
37 710
37 710
40 400
-
health
409
698
747
-
social contributions
1 832
3 130
3 353
-
total
2 241
3 828
4 100
-
Corporate
20 185
2 962
-
-
income
2 523
370
-
-
total
2 523
370
-
-
Dividends
17 662
2 592
-
-
withholding
3 002
440
-
-
total
3 002
440
-
-
Income
44 500
44 500
44 500
44 500
Total tax
13 933
11 900
12 357
12 312
After tax
30 567
32 600
32 143
32 188
Living cost
15 906
15 906
15 906
15 906
Free-cash
14 661
16 694
16 237
16 282

Estimated living cost  is ₴15906 per week

₴10874
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1242
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
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.
₴3523
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
₴16217
₴16736
₴16029
₴21767
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
health
-
-
-
3 115
income
-
-
-
5 440
pensions
-
-
-
4 450
unemployment
-
-
-
668
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.

13 079
5 205
37 238
-
unemployment
196
78
559
-
pensions
1 308
521
3 724
-
health
916
364
2 607
-
income
1 599
636
4 552
-
total
4 019
1 599
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.

13 079
5 205
37 238
-
pensions
2 550
1 015
7 262
-
total
2 550
1 015
7 262
-
Corporate
28 871
38 280
-
-
income
2 598
3 445
-
-
total
2 598
3 445
-
-
Dividends
26 272
34 835
-
-
social contributions
5 064
6 733
-
-
withholding
4 992
6 619
-
-
total
10 056
13 352
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 223
19 411
18 704
13 673
After tax
25 277
25 089
25 796
30 827
Living cost
9 060
9 060
9 060
9 060
Free-cash
16 217
16 029
16 736
21 767

Estimated living cost  is ₴9060 per week

₴6183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
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.
₴1955
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
₴20709
₴13805
₴23755
₴12006
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
health
-
-
-
5 785
income
-
-
-
5 963
pensions
-
-
-
8 901
total
-
-
-
20 649
Employee
13 912
-
33 258
-
unemployment
222
-
532
-
pensions
278
-
665
-
income
1 566
-
6 412
-
total
2 066
-
7 609
-
Employer
13 912
-
33 258
-
pensions
2 783
-
6 651
-
health
1 808
-
4 324
-
unemployment
112
-
266
-
total
4 703
-
11 241
-
Corporate
25 885
44 500
-
-
income
5 177
8 900
-
-
total
5 177
8 900
-
-
Dividends
20 708
35 600
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
11 946
8 900
18 850
20 649
After tax
32 554
35 600
25 650
23 851
Living cost
11 845
11 845
11 845
11 845
Free-cash
20 709
23 755
13 805
12 006

Estimated living cost  is ₴11845 per week

₴8124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴705
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.
₴2777
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
₴1929
₴11750
-₴7310
₴19660
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
accident
-
-
-
125
health
-
-
-
1 082
income
-
-
-
10 470
pensions
-
-
-
2 064
other
-
-
-
184
total
-
-
-
13 925
Employee
17 170
-
37 489
-
pensions
1 933
-
3 785
-
health
1 966
-
4 293
-
income
2 356
-
6 747
-
total
6 255
-
14 825
-
Employer
17 170
-
37 489
-
pensions
2 792
-
5 466
-
unemployment
421
-
918
-
accident
287
-
626
-
total
3 500
-
7 010
-
Corporate
23 831
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.

21 448
40 050
-
-
total
21 448
40 050
-
-
Dividends
2 383
4 450
-
-
withholding
453
845
-
-
total
453
845
-
-
Income
44 500
44 500
44 500
44 500
Total tax
31 656
40 895
21 835
13 925
After tax
12 844
3 605
22 665
30 575
Living cost
10 915
10 915
10 915
10 915
Free-cash
1 929
-7 310
11 750
19 660

Estimated living cost  is ₴10915 per week

₴8000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴605
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
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.
₴2083
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
₴37463
₴31548
₴38223
₴40003
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
5 065
-
44 500
-
income
1 013
-
8 900
-
total
1 013
-
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%.

39 435
44 500
-
-
total
-
-
-
-
Dividends
39 435
44 500
-
-
withholding
1 972
2 225
-
-
total
1 972
2 225
-
-
Income
44 500
44 500
44 500
44 500
Total tax
2 985
2 225
8 900
445
After tax
41 515
42 275
35 600
44 055
Living cost
4 052
4 052
4 052
4 052
Free-cash
37 463
38 223
31 548
40 003

Estimated living cost  is ₴4052 per week

₴2511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
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.
₴1093
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
₴16316
₴13013
₴19627
₴11030
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
health
-
-
-
1 958
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.

-
-
-
10 680
other
-
-
-
2 113
total
-
-
-
20 403
Employee
17 806
-
35 543
-
unemployment
178
-
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.

1 246
-
2 489
-
health
249
-
498
-
income
3 066
-
6 118
-
total
4 739
-
9 461
-
Employer
17 806
-
35 543
-
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.

3 027
-
6 043
-
other
891
-
1 777
-
health
249
-
498
-
unemployment
178
-
356
-
accident
142
-
285
-
total
4 487
-
8 959
-
Corporate
22 206
44 500
-
-
income
4 663
9 345
-
-
total
4 663
9 345
-
-
Dividends
17 543
35 155
-
-
withholding
1 228
2 461
-
-
total
1 228
2 461
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 117
11 806
18 420
20 403
After tax
29 383
32 694
26 080
24 097
Living cost
13 067
13 067
13 067
13 067
Free-cash
16 316
19 627
13 013
11 030

Estimated living cost  is ₴13067 per week

₴9233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴882
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2742
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
-₴7344
-₴4235
₴1115
₴512
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
-
-
-
8 561
pensions
-
-
-
3 201
total
-
-
-
11 762
Employee
45 595
-
39 247
-
pensions
4 399
-
3 637
-
health
751
-
621
-
income
8 219
-
6 998
-
total
13 369
-
11 256
-
Employer
45 595
-
39 247
-
pensions
5 383
-
4 507
-
health
866
-
746
-
total
6 249
-
5 253
-
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
-
2 704
-
-
total
-
2 704
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 618
11 159
16 509
11 762
After tax
24 882
33 341
27 991
32 738
Living cost
32 226
32 226
32 226
32 226
Free-cash
-7 344
1 115
-4 235
512

Estimated living cost  is ₴32226 per week

₴24148
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3786
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4030
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
₴29334
₴28107
₴31615
₴26815
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
health
-
-
-
1 971
income
-
-
-
6 675
pensions

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

-
-
-
2 537
unemployment
-
-
-
69
total
-
-
-
11 252
Employee
8 518
-
41 137
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

748
-
1 505
-
health
392
-
788
-
income
852
-
4 114
-
total
2 086
-
6 596
-
Employer
8 518
-
41 137
-
pensions

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

939
-
1 889
-
health
588
-
1 183
-
unemployment
51
-
103
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
total
1 672
-
3 364
-
Corporate
34 310
44 500
-
-
income
3 431
4 450
-
-
total
3 431
4 450
-
-
Dividends
30 879
40 050
-
-
withholding
1 544
2 002
-
-
total
1 544
2 002
-
-
Income
44 500
44 500
44 500
44 500
Total tax
8 733
6 452
9 960
11 252
After tax
35 767
38 048
34 540
33 248
Living cost
6 433
6 433
6 433
6 433
Free-cash
29 334
31 615
28 107
26 815

Estimated living cost  is ₴6433 per week

₴3756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴459
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴170
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2048
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
-₴8928
-₴10849
-₴8097
-₴1910
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
health
-
-
-
5 617
income
-
-
-
7 853
pensions
-
-
-
5 746
total
-
-
-
19 216
Employee
45 467
41 879
41 879
-
pensions
5 746
5 746
7 538
-
health
5 672
5 468
6 428
-
income

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

6 855
6 855
6 855
-
total
18 273
18 069
20 821
-
Employer
45 467
41 879
41 879
-
pensions
3 164
2 915
2 915
-
health
3 160
2 911
2 911
-
unemployment
1 637
1 508
1 508
-
total
7 961
7 334
7 334
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
26 234
25 403
28 155
19 216
After tax
18 266
19 097
16 345
25 284
Living cost
27 194
27 194
27 194
27 194
Free-cash
-8 928
-8 097
-10 849
-1 910

Estimated living cost  is ₴27194 per week

₴20060
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2429
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
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.
₴4394
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
₴14113
₴10402
₴18458
₴9493
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
social contributions
-
-
-
12 994
health
-
-
-
6 008
income
-
-
-
3 825
solidarity contribution
-
-
-
-
total
-
-
-
22 827
Employee
17 912
-
33 209
-
solidarity contribution
-
-
-
-
health
2 418
-
4 483
-
social contributions
1 164
-
2 159
-
income
2 149
-
3 985
-
total
5 731
-
10 627
-
Employer
17 912
-
33 209
-
health
1 612
-
2 989
-
social contributions
4 478
-
8 302
-
total
6 090
-
11 291
-
Corporate
20 498
44 500
-
-
income
3 895
8 455
-
-
total
3 895
8 455
-
-
Dividends
16 604
36 045
-
-
withholding
2 491
5 407
-
-
total
2 491
5 407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 207
13 862
21 918
22 827
After tax
26 293
30 638
22 582
21 673
Living cost
12 180
12 180
12 180
12 180
Free-cash
14 113
18 458
10 402
9 493

Estimated living cost  is ₴12180 per week

₴8460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2614
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
₴489
₴360
₴3049
₴2479
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
social contributions
-
-
-
11 445
municipal
-
-
-
264
regional
-
-
-
483
national
-
-
-
9 136
total
-
-
-
21 328
Employee
43 584
-
44 500
-
regional
411
-
422
-
municipal
231
-
236
-
national
7 552
-
7 783
-
social contributions
14 697
-
15 006
-
total
22 891
-
23 447
-
Employer
43 584
-
44 500
-
total
-
-
-
-
Corporate
916
44 500
-
-
municipal
35
1 736
-
-
nationa
220
10 680
-
-
total
255
12 416
-
-
Dividends
661
32 084
-
-
withholding
172
8 342
-
-
total
172
8 342
-
-
Income
44 500
44 500
44 500
44 500
Total tax
23 318
20 758
23 447
21 328
After tax
21 182
23 742
21 053
23 172
Living cost
20 693
20 693
20 693
20 693
Free-cash
489
3 049
360
2 479

Estimated living cost  is ₴20693 per week

₴14425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4594
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
₴15643
₴11683
₴17168
₴12537
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
health
-
-
-
3 160
income
-
-
-
8 053
surtax
-
-
-
916
pensions
-
-
-
8 900
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
21 141
Employee
16 217
-
36 761
-
unemployment
1 129
-
2 558
-
pensions
1 081
-
2 452
-
health
414
-
937
-
income
2 718
-
7 493
-
other
-
-
-
-
surtax
53
-
817
-
total
5 395
-
14 257
-
Employer
16 217
-
36 761
-
pensions
2 162
-
4 900
-
other
-
-
-
-
health
738
-
1 673
-
unemployment
514
-
1 165
-
total
3 414
-
7 738
-
Corporate
24 869
44 500
-
-
income
6 466
11 570
-
-
total
6 466
11 570
-
-
Dividends
18 403
32 930
-
-
withholding
2 760
4 940
-
-
total
2 760
4 940
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 035
16 510
21 995
21 141
After tax
26 465
27 990
22 505
23 359
Living cost
10 822
10 822
10 822
10 822
Free-cash
15 643
17 168
11 683
12 537

Estimated living cost  is ₴10822 per week

₴6617
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴999
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.
₴2957
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴7534
₴5975
₴11325
₴10722
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
-
-
-
8 561
pensions
-
-
-
3 201
total
-
-
-
11 762
Employee
30 557
-
39 247
-
pensions
2 594
-
3 637
-
health
444
-
621
-
income
5 503
-
6 998
-
total
8 541
-
11 256
-
Employer
30 557
-
39 247
-
pensions
3 308
-
4 507
-
health
580
-
746
-
total
3 888
-
5 253
-
Corporate
10 055
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.

1 910
8 455
-
-
total
1 910
8 455
-
-
Dividends
8 145
36 045
-
-
withholding
611
2 704
-
-
total
611
2 704
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 950
11 159
16 509
11 762
After tax
29 550
33 341
27 991
32 738
Living cost
22 016
22 016
22 016
22 016
Free-cash
7 534
11 325
5 975
10 722

Estimated living cost  is ₴22016 per week

₴16494
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1650
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
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.
₴3641
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
-₴5409
-₴3886
-₴18590
-₴1607
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
health
-
-
-
127
pensions
-
-
-
4 094
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
regional
-
-
-
1 387
city
-
-
-
469
national
-
-
-
201
total
-
-
-
7 168
Employee
45 568
-
39 829
-
unemployment
-
-
-
-
pensions
3 828
-
3 346
-
regional
1 492
-
1 181
-
national
216
-
170
-
health
103
-
90
-
city
489
-
428
-
total
6 128
-
5 215
-
Employer
45 568
-
39 829
-
pensions
3 828
-
3 346
-
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.

911
-
796
-
health
103
-
90
-
unemployment
-
-
-
-
total
4 842
-
4 232
-
Corporate
-
44 500
-
-
regional
-
9 412
-
-
national
-
3 782
-
-
total
-
13 194
-
-
Dividends
-
31 306
-
-
withholding
-
10 957
-
-
total
-
10 957
-
-
Income
44 500
44 500
44 500
44 500
Total tax
10 970
24 151
9 447
7 168
After tax
33 530
20 349
35 053
37 332
Living cost
38 939
38 939
38 939
38 939
Free-cash
-5 409
-18 590
-3 886
-1 607

Estimated living cost  is ₴38939 per week

₴25321
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴478
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.
₴9645
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
₴7541
₴9727
-₴411
₴6005
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
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.

-
-
-
3 350
trade
-
-
-
3 722
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.

-
-
-
8 490
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.

-
-
-
467
total
-
-
-
16 029
Employee

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

29 473
-
44 500
-
health

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

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

3 350
-
3 350
-
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.

3 466
-
8 490
-
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.

191
-
467
-
total
7 007
-
12 307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
15 027
44 500
-
-
income
2 254
6 675
-
-
chamber of commerce
96
137
-
-
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
367
-
-
trade
2 577
7 632
-
-
total
5 051
14 811
-
-
Dividends
9 977
29 690
-
-
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.

127
398
-
-
withholding
2 308
7 236
-
-
total
2 435
7 634
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 493
22 445
12 307
16 029
After tax
30 007
22 055
32 193
28 471
Living cost
22 466
22 466
22 466
22 466
Free-cash
7 541
-411
9 727
6 005

Estimated living cost  is ₴22466 per week

₴16408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1797
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.
₴3969
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
₴8547
₴8824
₴5651
₴8977
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
social contributions
-
-
-
1 268
health
-
-
-
574
income
-
-
-
3 596
surtax
-
-
-
-
pensions
-
-
-
11 927
other
-
-
-
1 380
total
-
-
-
18 745
Employee
20 989
-
33 910
-
pensions
2 373
-
3 835
-
social contributions
598
-
966
-
income
1 239
-
3 507
-
surtax
-
-
-
-
total
4 210
-
8 308
-
Employer
20 989
-
33 910
-
pensions
3 448
-
5 571
-
other
724
-
1 170
-
health
1 469
-
2 374
-
unemployment
850
-
1 374
-
social contributions
63
-
101
-
total
6 554
-
10 590
-
Corporate
16 957
44 500
-
-
income
4 748
12 460
-
-
surtax
-
-
-
-
total
4 748
12 460
-
-
Dividends
12 209
32 040
-
-
surtax
-
-
-
-
social contributions
2 100
5 510
-
-
withholding
1 563
4 101
-
-
total
3 663
9 611
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 175
22 071
18 898
18 745
After tax
25 325
22 429
25 602
25 755
Living cost
16 778
16 778
16 778
16 778
Free-cash
8 547
5 651
8 824
8 977

Estimated living cost  is ₴16778 per week

₴10580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4550
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
₴10038
₴10486
₴7313
₴10639
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
social contributions
-
-
-
1 268
health
-
-
-
574
income
-
-
-
3 596
surtax
-
-
-
-
pensions
-
-
-
11 927
other
-
-
-
1 380
total
-
-
-
18 745
Employee
18 735
-
33 910
-
pensions
2 119
-
3 835
-
social contributions
534
-
966
-
income
966
-
3 507
-
surtax
-
-
-
-
total
3 619
-
8 308
-
Employer
18 735
-
33 910
-
pensions
3 079
-
5 571
-
other
647
-
1 170
-
health
1 311
-
2 374
-
unemployment
758
-
1 374
-
social contributions
56
-
101
-
total
5 851
-
10 590
-
Corporate
19 914
44 500
-
-
income
5 575
12 460
-
-
surtax
-
-
-
-
total
5 575
12 460
-
-
Dividends
14 338
32 040
-
-
surtax
-
-
-
-
social contributions
2 466
5 510
-
-
withholding
1 835
4 101
-
-
total
4 301
9 611
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 346
22 071
18 898
18 745
After tax
25 154
22 429
25 602
25 755
Living cost
15 116
15 116
15 116
15 116
Free-cash
10 038
7 313
10 486
10 639

Estimated living cost  is ₴15116 per week

₴8767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1536
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.
₴4528
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
₴17005
₴18492
₴16750
₴18179
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
social contributions
-
-
-
6 141
health
-
-
-
3 106
income
-
-
-
6 675
total
-
-
-
15 922
Employee
16 628
-
44 500
-
health
1 161
-
3 106
-
social contributions
2 295
-
6 141
-
income
2 773
-
6 362
-
total
6 229
-
15 609
-
Employer
16 628
-
44 500
-
total
-
-
-
-
Corporate
27 872
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%.

1 393
2 225
-
-
total
1 393
2 225
-
-
Dividends
26 479
42 275
-
-
health
1 848
2 951
-
-
social contributions
3 654
5 834
-
-
withholding
3 972
6 341
-
-
total
9 474
15 126
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 096
17 351
15 609
15 922
After tax
27 404
27 149
28 891
28 578
Living cost
10 399
10 399
10 399
10 399
Free-cash
17 005
16 750
18 492
18 179

Estimated living cost  is ₴10399 per week

₴6959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴641
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2558
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
₴6983
-₴2978
₴7742
₴5625
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
health
-
-
-
3 404
surtax
-
-
-
97
income
-
-
-
6 676
chamber of commerce
-
-
-
178
pensions
-
-
-
8 232
unemployment
-
-
-
3 008
total
-
-
-
21 595
Employee
24 508
19 543
34 478
-
unemployment
735
586
1 034
-
pensions
2 510
2 001
3 531
-
health
948
757
1 335
-
income
2 790
1 442
5 779
-
other
245
195
344
-
total
7 228
4 981
12 023
-
Employer
24 508
19 543
34 478
-
chamber of commerce
98
78
138
-
pensions
3 076
2 453
4 327
-
other
1 164
928
1 638
-
health
926
739
1 303
-
unemployment
735
586
1 034
-
accident
318
254
449
-
surtax
97
97
97
-
payroll
735
586
1 034
-
total
7 149
5 721
10 020
-
Corporate
12 842
19 235
32 620
-
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.

3 211
4 809
8 155
-
total
3 211
4 809
8 155
-
Dividends
9 632
14 426
-
-
withholding
2 649
3 967
-
-
total
2 649
3 967
-
-
Income
44 500
44 500
44 500
44 500
Total tax
20 237
19 478
30 198
21 595
After tax
24 263
25 022
14 302
22 905
Living cost
17 280
17 280
17 280
17 280
Free-cash
6 983
7 742
-2 978
5 625

Estimated living cost  is ₴17280 per week

₴11525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1474
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3997
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
-₴791
-₴261
₴7093
₴3574
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
social contributions
-
-
-
6 697
communal

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

-
-
-
2 268
national
-
-
-
14 080
total
-
-
-
23 045
Employee

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

35 079
-
34 468
-
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.

305
-
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.

2 631
-
2 585
-
national
10 785
-
10 545
-
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.

1 648
-
1 620
-
communal

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

1 830
-
1 798
-
total
17 199
-
16 848
-
Employer

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

35 079
-
34 468
-
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.

3 108
-
3 053
-
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.

2 157
-
2 119
-
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.

512
-
503
-
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.

456
-
448
-
surtax
3 978
-
3 909
-
total
10 211
-
10 032
-
Corporate
-
44 500
-
-
income
-
8 900
-
-
surtax
-
178
-
-
total
-
9 078
-
-
Dividends
-
35 423
-
-
withholding

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

-
10 448
-
-
total
-
10 448
-
-
Income
44 500
44 500
44 500
44 500
Total tax
27 410
19 526
26 880
23 045
After tax
17 090
24 974
17 620
21 455
Living cost
17 881
17 881
17 881
17 881
Free-cash
-791
7 093
-261
3 574

Estimated living cost  is ₴17881 per week

₴11518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
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.
₴4520
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
₴8374
₴6116
₴12283
₴5802
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
accident
-
-
-
400
income
-
-
-
7 637
pensions
-
-
-
12 593
other
-
-
-
45
unemployment
-
-
-
312
total
-
-
-
20 987
Employee
24 411
-
33 742
-
unemployment
379
-
523
-
pensions
1 147
-
1 586
-
income
5 151
-
7 772
-
other
24
-
34
-
total
6 701
-
9 915
-
Employer
24 411
-
33 742
-
pensions
5 761
-
7 963
-
other
195
-
271
-
unemployment
1 343
-
1 856
-
accident
483
-
668
-
total
7 782
-
10 758
-
Corporate
12 308
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.

1 846
6 675
-
-
total
1 846
6 675
-
-
Dividends
10 461
37 825
-
-
withholding
2 086
7 831
-
-
total
2 086
7 831
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 415
14 506
20 673
20 987
After tax
26 085
29 994
23 827
23 513
Living cost
17 711
17 711
17 711
17 711
Free-cash
8 374
12 283
6 116
5 802

Estimated living cost  is ₴17711 per week

₴13042
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3157
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
-₴2411
₴1464
₴716
-₴656
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
accident
-
-
-
375
health
-
-
-
3 126
income
-
-
-
3 315
surtax
-
-
-
2 207
pensions
-
-
-
6 670
communal
-
-
-
2 812
total
-
-
-
18 505
Employee
37 138
-
39 750
-
pensions
2 971
-
3 180
-
health
1 653
-
1 769
-
income
3 587
-
4 250
-
surtax
2 276
-
2 436
-
total
10 487
-
11 635
-
Employer
37 138
-
39 750
-
pensions
2 971
-
3 180
-
health
1 133
-
1 213
-
accident
334
-
357
-
total
4 438
-
4 750
-
Corporate
2 925
44 500
-
-
income
438
6 675
-
-
communal
-
3 004
-
-
surtax
31
467
-
-
total
469
10 146
-
-
Dividends
2 456
34 354
-
-
income
4 497
1 834
-
-
withholding
369
5 153
-
-
total
4 866
6 987
-
-
Income
44 500
44 500
44 500
44 500
Total tax
20 260
17 133
16 385
18 505
After tax
24 240
27 367
28 115
25 995
Living cost
26 651
26 651
26 651
26 651
Free-cash
-2 411
716
1 464
-656

Estimated living cost  is ₴26651 per week

₴19992
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1615
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
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.
₴4761
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
₴15415
₴11490
₴16975
₴12344
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
health
-
-
-
3 160
income
-
-
-
8 053
surtax
-
-
-
916
pensions
-
-
-
8 900
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
21 141
Employee
16 515
-
36 761
-
unemployment
1 149
-
2 558
-
pensions
1 102
-
2 452
-
health
422
-
937
-
income
2 769
-
7 493
-
other
-
-
-
-
surtax
59
-
817
-
total
5 501
-
14 257
-
Employer
16 515
-
36 761
-
pensions
2 202
-
4 900
-
other
-
-
-
-
health
751
-
1 673
-
unemployment
524
-
1 165
-
total
3 477
-
7 738
-
Corporate
24 508
44 500
-
-
income
6 372
11 570
-
-
total
6 372
11 570
-
-
Dividends
18 136
32 930
-
-
withholding
2 720
4 940
-
-
total
2 720
4 940
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 070
16 510
21 995
21 141
After tax
26 430
27 990
22 505
23 359
Living cost
11 015
11 015
11 015
11 015
Free-cash
15 415
16 975
11 490
12 344

Estimated living cost  is ₴11015 per week

₴6650
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴958
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.
₴3152
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
₴9091
₴7666
₴10181
₴9774
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
social contributions
-
-
-
11 445
municipal
-
-
-
264
regional
-
-
-
671
national
-
-
-
9 136
total
-
-
-
21 516
Employee
27 204
-
44 500
-
regional
366
-
599
-
municipal
144
-
236
-
national
4 310
-
7 783
-
social contributions
9 173
-
15 006
-
total
13 993
-
23 624
-
Employer
27 204
-
44 500
-
total
-
-
-
-
Corporate
17 296
44 500
-
-
municipal
860
2 211
-
-
nationa
4 152
10 680
-
-
total
5 012
12 891
-
-
Dividends
12 285
31 609
-
-
withholding
3 194
8 218
-
-
total
3 194
8 218
-
-
Income
44 500
44 500
44 500
44 500
Total tax
22 199
21 109
23 624
21 516
After tax
22 301
23 391
20 876
22 984
Living cost
13 211
13 211
13 211
13 211
Free-cash
9 091
10 181
7 666
9 774

Estimated living cost  is ₴13211 per week

₴8216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1338
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
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.
₴3430
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
₴10275
₴7573
₴15629
₴6664
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
social contributions
-
-
-
12 994
health
-
-
-
6 008
income
-
-
-
3 825
solidarity contribution
-
-
-
-
total
-
-
-
22 827
Employee
22 072
-
33 209
-
solidarity contribution
-
-
-
-
health
2 980
-
4 483
-
social contributions
1 435
-
2 159
-
income
2 649
-
3 985
-
total
7 064
-
10 627
-
Employer
22 072
-
33 209
-
health
1 986
-
2 989
-
social contributions
5 518
-
8 302
-
total
7 504
-
11 291
-
Corporate
14 924
44 500
-
-
income
2 835
8 455
-
-
total
2 835
8 455
-
-
Dividends
12 088
36 045
-
-
withholding
1 813
5 407
-
-
total
1 813
5 407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 216
13 862
21 918
22 827
After tax
25 284
30 638
22 582
21 673
Living cost
15 009
15 009
15 009
15 009
Free-cash
10 275
15 629
7 573
6 664

Estimated living cost  is ₴15009 per week

₴11162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴831
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
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.
₴2756
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
₴9187
-₴1351
₴9429
₴7356
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
health
-
-
-
3 404
surtax
-
-
-
-
income
-
-
-
6 676
chamber of commerce
-
-
-
178
pensions
-
-
-
8 232
unemployment
-
-
-
3 008
total
-
-
-
21 498
Employee
21 437
19 543
34 554
-
unemployment
643
586
1 037
-
pensions
2 195
2 001
3 538
-
health
829
757
1 337
-
income
1 910
1 442
5 828
-
other
214
195
345
-
total
5 791
4 981
12 085
-
Employer
21 437
19 543
34 554
-
chamber of commerce
86
78
139
-
pensions
2 690
2 453
4 337
-
other
1 018
928
1 642
-
health
811
739
1 306
-
unemployment
643
586
1 037
-
accident
278
254
449
-
surtax
-
-
-
-
payroll
643
586
1 037
-
total
6 169
5 624
9 947
-
Corporate
16 894
19 332
32 693
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

4 223
4 833
8 173
-
total
4 223
4 833
8 173
-
Dividends
12 670
14 499
-
-
withholding
3 484
3 987
-
-
total
3 484
3 987
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 667
19 425
30 205
21 498
After tax
24 833
25 075
14 295
23 002
Living cost
15 646
15 646
15 646
15 646
Free-cash
9 187
9 429
-1 351
7 356

Estimated living cost  is ₴15646 per week

₴9386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1598
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
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.
₴4383
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
₴34776
₴29285
₴35960
₴37740
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
7 893
-
44 500
-
income
1 579
-
8 900
-
total
1 579
-
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%.

36 607
44 500
-
-
total
-
-
-
-
Dividends
36 607
44 500
-
-
withholding
1 830
2 225
-
-
total
1 830
2 225
-
-
Income
44 500
44 500
44 500
44 500
Total tax
3 409
2 225
8 900
445
After tax
41 091
42 275
35 600
44 055
Living cost
6 315
6 315
6 315
6 315
Free-cash
34 776
35 960
29 285
37 740

Estimated living cost  is ₴6315 per week

₴4273
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴13382
₴8793
₴17484
₴10068
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
health
-
-
-
4 379
income
-
-
-
8 706
pensions
-
-
-
8 126
unemployment
-
-
-
67
total
-
-
-
21 278
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.

21 686
-
38 505
-
unemployment
31
-
54
-
pensions
3 361
-
5 968
-
health
1 401
-
2 487
-
income
3 740
-
8 049
-
total
8 533
-
16 558
-
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.

21 686
-
38 505
-
pensions
1 919
-
3 408
-
health
1 444
-
2 564
-
unemployment
13
-
23
-
total
3 376
-
5 995
-
Corporate
19 438
44 500
-
-
income
3 693
8 455
-
-
total
3 693
8 455
-
-
Dividends
15 745
36 045
-
-
withholding
2 362
5 407
-
-
total
2 362
5 407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 964
13 862
22 553
21 278
After tax
26 536
30 638
21 947
23 222
Living cost
13 154
13 154
13 154
13 154
Free-cash
13 382
17 484
8 793
10 068

Estimated living cost  is ₴13154 per week

₴9027
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3029
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
-₴29301
₴16631
₴5717
₴9396
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
social contributions
-
-
-
5 073
income
-
-
-
8 674
total
-
-
-
13 747
Employee
30 622
-
-
-
social contributions
2 511
-
358
-
income
6 755
-
-
-
total
9 266
-
358
-
Employer
30 622
-
-
-
social contributions
43 178
-
6 154
-
total
43 178
-
6 154
-
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
52 444
17 426
6 512
13 747
After tax
-7 944
27 074
37 988
30 753
Living cost
21 357
21 357
21 357
21 357
Free-cash
-29 301
5 717
16 631
9 396

Estimated living cost  is ₴21357 per week

₴13857
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5219
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
₴9436
₴7581
₴9930
₴9658
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
social contributions

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

-
-
-
15 464
income
-
-
-
3 996
surtax
-
-
-
-
total
-
-
-
19 460
Employee
22 555
-
35 960
-
social contributions
2 481
-
3 955
-
income
4 691
-
9 042
-
surtax
-
-
-
-
total
7 172
-
12 997
-
Employer
22 555
-
35 960
-
social contributions
5 357
-
8 540
-
total
5 357
-
8 540
-
Corporate
16 588
44 500
-
-
income
3 483
9 345
-
-
surtax
-
-
-
-
total
3 483
9 345
-
-
Dividends
13 105
35 155
-
-
withholding
3 670
9 843
-
-
total
3 670
9 843
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 682
19 188
21 537
19 460
After tax
24 818
25 312
22 963
25 040
Living cost
15 382
15 382
15 382
15 382
Free-cash
9 436
9 930
7 581
9 658

Estimated living cost  is ₴15382 per week

₴11509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴907
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
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.
₴2709
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
₴2114
₴1916
-₴1257
₴2069
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
social contributions
-
-
-
1 268
health
-
-
-
574
income
-
-
-
3 596
surtax
-
-
-
-
pensions
-
-
-
11 927
other
-
-
-
1 380
total
-
-
-
18 745
Employee
30 715
-
33 910
-
pensions
3 474
-
3 835
-
social contributions
875
-
966
-
income
2 680
-
3 507
-
surtax
-
-
-
-
total
7 029
-
8 308
-
Employer
30 715
-
33 910
-
pensions
5 047
-
5 571
-
other
1 060
-
1 170
-
health
2 150
-
2 374
-
unemployment
1 244
-
1 374
-
social contributions
92
-
101
-
total
9 593
-
10 590
-
Corporate
4 192
44 500
-
-
income
1 174
12 460
-
-
surtax
-
-
-
-
total
1 174
12 460
-
-
Dividends
3 018
32 040
-
-
surtax
-
-
-
-
social contributions
518
5 510
-
-
withholding
386
4 101
-
-
total
904
9 611
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 700
22 071
18 898
18 745
After tax
25 800
22 429
25 602
25 755
Living cost
23 686
23 686
23 686
23 686
Free-cash
2 114
-1 257
1 916
2 069

Estimated living cost  is ₴23686 per week

₴16030
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
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.
₴5393
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
₴23661
₴20599
₴25309
₴19350
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
social contributions
-
-
-
9 790
income
-
-
-
619
total
-
-
-
10 409
Employee
15 766
-
38 528
-
social contributions
1 025
-
2 504
-
income
-
-
684
-
total
1 025
-
3 188
-
Employer
15 766
-
38 528
-
social contributions
2 444
-
5 972
-
total
2 444
-
5 972
-
Corporate
26 290
44 500
-
-
income
2 629
4 450
-
-
total
2 629
4 450
-
-
Dividends
23 661
40 050
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
6 098
4 450
9 160
10 409
After tax
38 402
40 050
35 340
34 091
Living cost
14 741
14 741
14 741
14 741
Free-cash
23 661
25 309
20 599
19 350

Estimated living cost  is ₴14741 per week

₴9532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1111
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3821
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
-₴62266
-₴62266
-₴62266
₴4232
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
municipal
-
-
-
8 066
pensions
-
-
-
425
labour market
-
-
-
3 526
national
-
-
-
4 651
total
-
-
-
16 668
Employee
99 610
99 610
99 610
-
pensions
142
142
142
-
municipal
21 211
21 211
21 211
-
national
12 169
12 169
12 169
-
labour market
7 957
7 957
7 957
-
total
41 479
41 479
41 479
-
Employer
99 610
99 610
99 610
-
municipal
21 245
21 245
21 245
-
pensions
283
283
283
-
national
12 190
12 190
12 190
-
labour market
7 969
7 969
7 969
-
total
41 687
41 687
41 687
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
83 166
83 166
83 166
16 668
After tax
-38 666
-38 666
-38 666
27 832
Living cost
23 600
23 600
23 600
23 600
Free-cash
-62 266
-62 266
-62 266
4 232

Estimated living cost  is ₴23600 per week

₴16152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
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.
₴4997
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
₴1954
₴11911
-₴7149
₴19821
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
accident
-
-
-
125
health
-
-
-
1 082
income
-
-
-
10 470
pensions
-
-
-
2 064
other
-
-
-
184
total
-
-
-
13 925
Employee
16 917
-
37 489
-
pensions
1 905
-
3 785
-
health
1 937
-
4 293
-
income
2 321
-
6 747
-
total
6 163
-
14 825
-
Employer
16 917
-
37 489
-
pensions
2 751
-
5 466
-
unemployment
415
-
918
-
accident
282
-
626
-
total
3 448
-
7 010
-
Corporate
24 136
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.

21 722
40 050
-
-
total
21 722
40 050
-
-
Dividends
2 414
4 450
-
-
withholding
459
845
-
-
total
459
845
-
-
Income
44 500
44 500
44 500
44 500
Total tax
31 792
40 895
21 835
13 925
After tax
12 708
3 605
22 665
30 575
Living cost
10 754
10 754
10 754
10 754
Free-cash
1 954
-7 149
11 911
19 821

Estimated living cost  is ₴10754 per week

₴7828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2111
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
₴9571
₴6919
₴11107
₴13281
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
-
-
-
480
municipal
-
-
-
7 923
national
-
-
-
3 988
total
-
-
-
12 391
Employee
25 801
-
37 436
-
unemployment
387
-
561
-
pensions
1 741
-
2 527
-
municipal
4 226
-
6 116
-
national
426
-
2 114
-
health
193
-
372
-
total
6 973
-
11 690
-
Employer
25 801
-
37 436
-
pensions
4 476
-
6 495
-
health
198
-
288
-
unemployment
168
-
243
-
accident
26
-
37
-
total
4 868
-
7 063
-
Corporate
13 830
44 500
-
-
income
2 766
8 900
-
-
total
2 766
8 900
-
-
Dividends

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

8 298
26 700
-
-
national
-
859
-
-
municipal
1 494
4 806
-
-
total
1 494
5 665
-
-
Income
44 500
44 500
44 500
44 500
Total tax
16 101
14 565
18 753
12 391
After tax
28 399
29 935
25 747
32 109
Living cost
18 828
18 828
18 828
18 828
Free-cash
9 571
11 107
6 919
13 281

Estimated living cost  is ₴18828 per week

₴12298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1811
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
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.
₴4420
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
₴18577
₴20789
₴21246
₴20834
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
social contributions
-
-
-
6 942
health
-
-
-
1 134
income
-
-
-
4 236
total
-
-
-
12 312
Employee
37 710
37 710
40 400
-
health
292
641
687
-
social contributions
1 426
3 130
3 353
-
income
4 106
3 491
4 217
-
total
5 824
7 262
8 257
-
Employer
37 710
37 710
40 400
-
health
317
698
747
-
social contributions
1 426
3 130
3 353
-
total
1 743
3 828
4 100
-
Corporate
25 579
2 962
-
-
income
3 198
370
-
-
total
3 198
370
-
-
Dividends
22 381
2 592
-
-
withholding
3 804
440
-
-
total
3 804
440
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 569
11 900
12 357
12 312
After tax
29 931
32 600
32 143
32 188
Living cost
11 354
11 354
11 354
11 354
Free-cash
18 577
21 246
20 789
20 834

Estimated living cost  is ₴11354 per week

₴6805
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1114
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.
₴3185
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
₴26568
₴19675
₴29065
₴27624
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
health
-
-
-
1 775
income
-
-
-
4 181
pensions
-
-
-
3 120
unemployment
-
-
-
14
total
-
-
-
9 090
Employee

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

11 257
-
40 345
-
unemployment
56
-
202
-
pensions
1 688
-
6 052
-
health
957
-
3 429
-
income
770
-
3 200
-
total
3 471
-
12 883
-
Employer

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

11 257
-
40 345
-
pensions
619
-
2 219
-
health
484
-
1 735
-
unemployment
56
-
202
-
total
1 159
-
4 156
-
Corporate
32 085
44 500
-
-
income
2 888
4 005
-
-
total
2 888
4 005
-
-
Dividends
29 197
40 495
-
-
withholding
2 628
3 644
-
-
total
2 628
3 644
-
-
Income
44 500
44 500
44 500
44 500
Total tax
10 146
7 649
17 039
9 090
After tax
34 354
36 851
27 461
35 410
Living cost
7 786
7 786
7 786
7 786
Free-cash
26 568
29 065
19 675
27 624

Estimated living cost  is ₴7786 per week

₴4968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
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.
₴2025
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
₴13936
₴10341
₴16508
₴10027
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
accident
-
-
-
400
income
-
-
-
7 637
pensions
-
-
-
12 593
other
-
-
-
45
unemployment
-
-
-
312
total
-
-
-
20 987
Employee
18 133
-
33 742
-
unemployment
281
-
523
-
pensions
852
-
1 586
-
income
3 496
-
7 772
-
other
18
-
34
-
total
4 647
-
9 915
-
Employer
18 133
-
33 742
-
pensions
4 279
-
7 963
-
other
145
-
271
-
unemployment
998
-
1 856
-
accident
359
-
668
-
total
5 781
-
10 758
-
Corporate
20 586
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.

3 088
6 675
-
-
total
3 088
6 675
-
-
Dividends
17 498
37 825
-
-
withholding
3 562
7 831
-
-
total
3 562
7 831
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 078
14 506
20 673
20 987
After tax
27 422
29 994
23 827
23 513
Living cost
13 486
13 486
13 486
13 486
Free-cash
13 936
16 508
10 341
10 027

Estimated living cost  is ₴13486 per week

₴9103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1296
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2851
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
₴26647
₴27328
₴26805
₴27396
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
health
-
-
-
509
income
-
-
-
14 929
pensions
-
-
-
703
total
-
-
-
16 141
Employee
1 467
-
43 710
-
unemployment
15
-
35
-
pensions
132
-
316
-
health
73
-
176
-
income
284
-
14 892
-
total
504
-
15 419
-
Employer
1 467
-
43 710
-
pensions
161
-
386
-
health
139
-
334
-
unemployment
29
-
70
-
total
329
-
790
-
Corporate
42 703
44 500
-
-
income
9 395
9 790
-
-
total
9 395
9 790
-
-
Dividends
33 308
34 710
-
-
withholding
6 662
6 942
-
-
total
6 662
6 942
-
-
Income
44 500
44 500
44 500
44 500
Total tax
16 890
16 732
16 209
16 141
After tax
27 610
27 768
28 291
28 359
Living cost
963
963
963
963
Free-cash
26 647
26 805
27 328
27 396

Estimated living cost  is ₴963 per week

₴572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
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.
₴291
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
₴21263
₴14518
₴23674
₴14520
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
health
-
-
-
3 731
income
-
-
-
7 811
pensions
-
-
-
9 418
unemployment
-
-
-
543
total
-
-
-
21 503
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.

12 783
-
38 016
-
unemployment
96
-
272
-
pensions
1 790
-
5 071
-
health
658
-
1 866
-
income
1 762
-
7 811
-
total
4 306
-
15 020
-
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.

12 783
-
38 016
-
pensions
1 534
-
4 347
-
health
658
-
1 866
-
unemployment
96
-
272
-
total
2 288
-
6 485
-
Corporate
29 429
44 500
-
-
income
4 414
6 675
-
-
total
4 414
6 675
-
-
Dividends
25 015
37 825
-
-
withholding
3 752
5 674
-
-
total
3 752
5 674
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 760
12 349
21 505
21 503
After tax
29 740
32 151
22 995
22 997
Living cost
8 477
8 477
8 477
8 477
Free-cash
21 263
23 674
14 518
14 520

Estimated living cost  is ₴8477 per week

₴5707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1868
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
₴11914
₴9742
₴12091
₴11819
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
social contributions

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

-
-
-
15 464
income
-
-
-
3 996
surtax
-
-
-
-
total
-
-
-
19 460
Employee
19 034
-
35 960
-
social contributions
2 094
-
3 955
-
income
3 719
-
9 042
-
surtax
-
-
-
-
total
5 813
-
12 997
-
Employer
19 034
-
35 960
-
social contributions
4 520
-
8 540
-
total
4 520
-
8 540
-
Corporate
20 946
44 500
-
-
income
4 399
9 345
-
-
surtax
-
-
-
-
total
4 399
9 345
-
-
Dividends
16 547
35 155
-
-
withholding
4 633
9 843
-
-
total
4 633
9 843
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 365
19 188
21 537
19 460
After tax
25 135
25 312
22 963
25 040
Living cost
13 221
13 221
13 221
13 221
Free-cash
11 914
12 091
9 742
11 819

Estimated living cost  is ₴13221 per week

₴9364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴919
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2704
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
₴9018
₴6592
₴12759
₴6278
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
accident
-
-
-
400
income
-
-
-
7 637
pensions
-
-
-
12 593
other
-
-
-
45
unemployment
-
-
-
312
total
-
-
-
20 987
Employee
23 684
-
33 742
-
unemployment
367
-
523
-
pensions
1 113
-
1 586
-
income
4 947
-
7 772
-
other
23
-
34
-
total
6 450
-
9 915
-
Employer
23 684
-
33 742
-
pensions
5 589
-
7 963
-
other
190
-
271
-
unemployment
1 303
-
1 856
-
accident
469
-
668
-
total
7 551
-
10 758
-
Corporate
13 264
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.

1 990
6 675
-
-
total
1 990
6 675
-
-
Dividends
11 275
37 825
-
-
withholding
2 256
7 831
-
-
total
2 256
7 831
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 247
14 506
20 673
20 987
After tax
26 253
29 994
23 827
23 513
Living cost
17 235
17 235
17 235
17 235
Free-cash
9 018
12 759
6 592
6 278

Estimated living cost  is ₴17235 per week

₴12378
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3275
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
₴26617
₴26100
₴29608
₴24808
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
health
-
-
-
1 971
income
-
-
-
6 675
pensions

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

-
-
-
2 537
unemployment
-
-
-
69
total
-
-
-
11 252
Employee
11 176
-
41 137
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

981
-
1 505
-
health
514
-
788
-
income
1 118
-
4 114
-
total
2 736
-
6 596
-
Employer
11 176
-
41 137
-
pensions

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

1 232
-
1 889
-
health
771
-
1 183
-
unemployment
67
-
103
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
total
2 193
-
3 364
-
Corporate
31 131
44 500
-
-
income
3 113
4 450
-
-
total
3 113
4 450
-
-
Dividends
28 018
40 050
-
-
withholding
1 401
2 002
-
-
total
1 401
2 002
-
-
Income
44 500
44 500
44 500
44 500
Total tax
9 443
6 452
9 960
11 252
After tax
35 057
38 048
34 540
33 248
Living cost
8 440
8 440
8 440
8 440
Free-cash
26 617
29 608
26 100
24 808

Estimated living cost  is ₴8440 per week

₴5582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2174
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
₴10454
₴13260
₴4037
₴10146
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
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.

-
-
-
3 350
trade
-
-
-
3 114
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.

-
-
-
8 490
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.

-
-
-
467
total
-
-
-
15 421
Employee

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

24 401
-
44 500
-
health

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

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

3 350
-
3 350
-
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.

2 006
-
8 490
-
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
-
467
-
total
5 467
-
12 307
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 099
44 500
-
-
income
3 015
6 675
-
-
chamber of commerce
104
140
-
-
surtax

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

166
367
-
-
trade
2 884
6 386
-
-
total
6 169
13 568
-
-
Dividends
13 930
30 933
-
-
surtax

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

181
415
-
-
withholding
3 296
7 547
-
-
total
3 477
7 962
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 113
21 530
12 307
15 421
After tax
29 387
22 970
32 193
29 079
Living cost
18 933
18 933
18 933
18 933
Free-cash
10 454
4 037
13 260
10 146

Estimated living cost  is ₴18933 per week

₴13061
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2037
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.
₴3561
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
₴4296
₴3007
₴3214
₴3007
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
social contributions
-
-
-
3 863
income
-
-
-
9 694
total
-
-
-
13 557
Employee
38 361
-
44 500
-
social contributions
3 187
-
3 863
-
income
7 239
-
9 694
-
total
10 426
-
13 557
-
Employer
38 361
-
44 500
-
total
-
-
-
-
Corporate
6 139
44 500
-
-
income
768
5 562
-
-
total
768
5 562
-
-
Dividends
5 371
38 938
-
-
withholding
1 074
7 788
-
-
total
1 074
7 788
-
-
Income
44 500
44 500
44 500
44 500
Total tax
12 268
13 350
13 557
13 557
After tax
32 232
31 150
30 943
30 943
Living cost
27 936
27 936
27 936
27 936
Free-cash
4 296
3 214
3 007
3 007

Estimated living cost  is ₴27936 per week

₴21253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2276
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
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.
₴4139
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
₴10912
₴14809
₴8532
₴9696
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
-
-
-
13 960
health

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

-
-
-
3 042
total
-
-
-
17 002
Employee
22 497
-
42 244
-
social contributions
2 254
-
2 256
-
income
2 441
-
7 377
-
total
4 695
-
9 633
-
Employer
22 497
-
42 244
-
social contributions
2 254
-
2 256
-
total
2 254
-
2 256
-
Corporate
19 749
44 500
-
-
income
6 912
15 575
-
-
total
6 912
15 575
-
-
Dividends
12 837
28 925
-
-
social contributions
1 925
2 591
-
-
total
1 925
2 591
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 786
18 166
11 889
17 002
After tax
28 714
26 334
32 611
27 498
Living cost
17 802
17 802
17 802
17 802
Free-cash
10 912
8 532
14 809
9 696

Estimated living cost  is ₴17802 per week

₴11726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4399
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
₴12726
₴10093
₴15443
₴14840
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
-
-
-
8 561
pensions
-
-
-
3 201
total
-
-
-
11 762
Employee
24 568
-
39 247
-
pensions
1 875
-
3 637
-
health
320
-
621
-
income
4 474
-
6 998
-
total
6 669
-
11 256
-
Employer
24 568
-
39 247
-
pensions
2 482
-
4 507
-
health
467
-
746
-
total
2 949
-
5 253
-
Corporate
16 983
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.

3 227
8 455
-
-
total
3 227
8 455
-
-
Dividends
13 756
36 045
-
-
withholding
1 031
2 704
-
-
total
1 031
2 704
-
-
Income
44 500
44 500
44 500
44 500
Total tax
13 876
11 159
16 509
11 762
After tax
30 624
33 341
27 991
32 738
Living cost
17 898
17 898
17 898
17 898
Free-cash
12 726
15 443
10 093
14 840

Estimated living cost  is ₴17898 per week

₴12278
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1646
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3749
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
₴1792
₴10846
-₴8214
₴18756
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
accident
-
-
-
125
health
-
-
-
1 082
income
-
-
-
10 470
pensions
-
-
-
2 064
other
-
-
-
184
total
-
-
-
13 925
Employee
18 591
-
37 489
-
pensions
2 093
-
3 785
-
health
2 129
-
4 293
-
income
2 551
-
6 747
-
total
6 773
-
14 825
-
Employer
18 591
-
37 489
-
pensions
3 023
-
5 466
-
unemployment
455
-
918
-
accident
310
-
626
-
total
3 788
-
7 010
-
Corporate
22 120
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.

19 908
40 050
-
-
total
19 908
40 050
-
-
Dividends
2 212
4 450
-
-
withholding
420
845
-
-
total
420
845
-
-
Income
44 500
44 500
44 500
44 500
Total tax
30 889
40 895
21 835
13 925
After tax
13 611
3 605
22 665
30 575
Living cost
11 819
11 819
11 819
11 819
Free-cash
1 792
-8 214
10 846
18 756

Estimated living cost  is ₴11819 per week

₴8673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴689
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.
₴2218
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
₴28808
₴20375
₴31195
₴18931
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
-
-
-
6 702
health insurance
-
-
-
3 293
pensions
-
-
-
8 188
unemployment
-
-
-
534
work injury
-
-
-
222
total
-
-
-
18 939
Employee

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

10 608
-
44 500
-
unemployment
127
-
471
-
pensions
1 952
-
7 222
-
work injury
53
-
196
-
income
1 061
-
6 702
-
health insurance
785
-
2 904
-
total
3 978
-
17 495
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
33 892
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
33 892
44 500
-
-
withholding
5 084
6 675
-
-
total
5 084
6 675
-
-
Income
44 500
44 500
44 500
44 500
Total tax
9 062
6 675
17 495
18 939
After tax
35 438
37 825
27 005
25 561
Living cost
6 630
6 630
6 630
6 630
Free-cash
28 808
31 195
20 375
18 931

Estimated living cost  is ₴6630 per week

₴4107
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1834
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
₴1672
₴1202
₴3903
₴3238
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
social contributions
-
-
-
11 445
municipal
-
-
-
298
regional
-
-
-
846
national
-
-
-
9 136
total
-
-
-
21 725
Employee
41 325
-
44 500
-
regional
624
-
707
-
municipal
247
-
265
-
national
6 984
-
7 783
-
social contributions
13 934
-
15 006
-
total
21 789
-
23 761
-
Employer
41 325
-
44 500
-
total
-
-
-
-
Corporate
3 175
44 500
-
-
municipal
153
2 145
-
-
nationa
762
10 680
-
-
total
915
12 825
-
-
Dividends
2 260
31 675
-
-
withholding
587
8 235
-
-
total
587
8 235
-
-
Income
44 500
44 500
44 500
44 500
Total tax
23 291
21 060
23 761
21 725
After tax
21 209
23 440
20 739
22 775
Living cost
19 537
19 537
19 537
19 537
Free-cash
1 672
3 903
1 202
3 238

Estimated living cost  is ₴19537 per week

₴13723
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4174
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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