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
₴7578
₴17285
₴13887
₴13033
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
44 500
income

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

-
-
-
8 446
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.

-
-
-
464
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.

-
-
-
3 369
trade
-
-
-
3 398
total
-
-
-
15 677
Employee

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

18 860
-
44 500
-
surtax

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

29
-
464
-
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.

527
-
8 446
-
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.

3 369
-
3 369
-
total
3 925
-
12 279
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
25 640
44 500
-
-
income
3 846
6 675
-
-
surtax

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

211
367
-
-
chamber of commerce
111
138
-
-
trade
4 038
7 009
-
-
total
8 206
14 189
-
-
Dividends
17 433
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.

229
406
-
-
withholding
4 171
7 391
-
-
total
4 400
7 797
-
-
Income
44 500
44 500
44 500
44 500
Total tax
16 531
21 986
12 279
15 677
After tax
27 969
22 514
32 221
28 823
Living cost
14 936
14 936
14 936
14 936
Free-cash
13 033
7 578
17 285
13 887

Estimated living cost  is ₴14936 per week

₴9395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
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.
₴3520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1654
₴1321
₴974
₴345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 547
national
-
-
-
7 047
pensions
-
-
-
5 340
total
-
-
-
17 412
Employee
40 482
-
38 470
-
municipal
5 000
-
4 720
-
pensions
1 619
-
1 539
-
national
7 748
-
7 314
-
total
14 367
-
13 573
-
Employer
40 482
-
38 470
-
pensions
3 239
-
3 078
-
social contributions
435
-
414
-
total
3 674
-
3 492
-
Corporate
-
44 500
-
-
income

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

-
8 900
-
-
total
-
8 900
-
-
Dividends
-
35 600
-
-
withholding
-
7 832
-
-
total
-
7 832
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 041
16 732
17 065
17 412
After tax
26 459
27 768
27 435
27 088
Living cost
26 114
26 114
26 114
26 114
Free-cash
345
1 654
1 321
974

Estimated living cost  is ₴26114 per week

₴17750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴391
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5546
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25341
₴14878
₴13551
₴21296
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
44 500
income
-
-
-
6 383
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.

-
-
-
14 307
microenterprise
-
-
-
-
total
-
-
-
20 690
Employee
14 409
-
35 861
-
surtax
-
-
-
-
social contributions

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

1 585
-
3 945
-
income
2 565
-
6 779
-
total
4 150
-
10 724
-
Employer
14 409
-
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.

3 471
-
8 639
-
surtax
-
-
-
-
total
3 471
-
8 639
-
Corporate
26 621
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%.

5 324
8 900
-
-
total
5 324
8 900
-
-
Dividends

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

21 296
35 600
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
12 945
8 900
19 363
20 690
After tax
31 555
35 600
25 137
23 810
Living cost
10 259
10 259
10 259
10 259
Free-cash
21 296
25 341
14 878
13 551

Estimated living cost  is ₴10259 per week

₴6545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2504
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1699
-₴4467
₴4629
-₴4467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
7 803
health
-
-
-
5 634
pensions
-
-
-
5 777
total
-
-
-
19 214
Employee
42 109
42 109
42 109
-
pensions
7 580
5 777
7 580
-
income

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

6 893
6 893
6 893
-
health
6 463
5 498
6 463
-
total
20 936
18 168
20 936
-
Employer
42 109
42 109
42 109
-
health
2 927
2 927
2 927
-
pensions
2 931
2 931
2 931
-
unemployment
1 516
1 516
1 516
-
total
7 374
7 374
7 374
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
28 310
25 542
28 310
19 214
After tax
16 190
18 958
16 190
25 286
Living cost
20 657
20 657
20 657
20 657
Free-cash
-4 467
-1 699
-4 467
4 629

Estimated living cost  is ₴20657 per week

₴14639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3827
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4152
₴3619
₴2109
₴3699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
5 130
unemployment
-
-
-
44
health
-
-
-
2 755
municipal
-
-
-
9 456
national
-
-
-
-
pensions
-
-
-
4 773
total
-
-
-
22 246
Employee
28 705
-
33 861
-
municipal
8 560
-
10 097
-
national
-
-
-
-
total
8 560
-
10 097
-
Employer
28 705
-
33 861
-
health
1 765
-
2 082
-
pensions
3 103
-
3 660
-
accident
57
-
68
-
unemployment
758
-
894
-
other
3 336
-
3 935
-
total
9 019
-
10 639
-
Corporate
6 776
44 500
-
-
income
1 491
9 790
-
-
total
1 491
9 790
-
-
Dividends
5 285
34 710
-
-
withholding
1 586
10 413
-
-
total
1 586
10 413
-
-
Income
44 500
44 500
44 500
44 500
Total tax
20 656
20 203
20 736
22 246
After tax
23 844
24 297
23 764
22 254
Living cost
20 145
20 145
20 145
20 145
Free-cash
3 699
4 152
3 619
2 109

Estimated living cost  is ₴20145 per week

₴13351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2915
₴12850
₴9301
₴9842
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
44 500
income

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

-
-
-
8 446
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.

-
-
-
464
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.

-
-
-
3 369
trade
-
-
-
3 549
total
-
-
-
15 828
Employee

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

25 006
-
44 500
-
surtax

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

118
-
464
-
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.

2 149
-
8 446
-
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.

3 369
-
3 369
-
total
5 636
-
12 279
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
19 494
44 500
-
-
income
2 924
6 675
-
-
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.

161
367
-
-
chamber of commerce
103
138
-
-
trade
3 207
7 320
-
-
total
6 395
14 500
-
-
Dividends
13 099
29 999
-
-
surtax

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

169
402
-
-
withholding
3 087
7 312
-
-
total
3 256
7 714
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 287
22 214
12 279
15 828
After tax
29 213
22 286
32 221
28 672
Living cost
19 371
19 371
19 371
19 371
Free-cash
9 842
2 915
12 850
9 301

Estimated living cost  is ₴19371 per week

₴12956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2043
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16606
₴16185
₴16230
₴14561
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 199
social contributions
-
-
-
6 942
health
-
-
-
1 135
total
-
-
-
12 276
Employee
37 917
37 917
40 400
-
social contributions
1 843
3 147
3 353
-
income
3 982
3 510
4 180
-
health
377
645
687
-
total
6 202
7 302
8 220
-
Employer
37 917
37 917
40 400
-
health
411
702
748
-
social contributions
1 843
3 147
3 353
-
total
2 254
3 849
4 101
-
Corporate
20 052
2 734
-
-
income
2 507
342
-
-
total
2 507
342
-
-
Dividends
17 545
2 392
-
-
withholding
2 982
407
-
-
total
2 982
407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
13 945
11 900
12 321
12 276
After tax
30 555
32 600
32 179
32 224
Living cost
15 994
15 994
15 994
15 994
Free-cash
14 561
16 606
16 185
16 230

Estimated living cost  is ₴15994 per week

₴10933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1249
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3543
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16024
₴16732
₴21764
₴16213
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
5 440
unemployment
-
-
-
667
health
-
-
-
3 115
pensions
-
-
-
4 450
total
-
-
-
13 672
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.

13 084
5 207
37 238
-
unemployment
196
78
559
-
pensions
1 308
521
3 724
-
income
1 600
637
4 552
-
health
916
365
2 607
-
total
4 020
1 601
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.

13 084
5 207
37 238
-
pensions
2 551
1 015
7 262
-
total
2 551
1 015
7 262
-
Corporate
28 865
38 277
-
-
income
2 598
3 445
-
-
total
2 598
3 445
-
-
Dividends
26 267
34 832
-
-
social contributions
5 063
6 733
-
-
withholding
4 991
6 618
-
-
total
10 054
13 351
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 223
19 412
18 704
13 672
After tax
25 277
25 088
25 796
30 828
Living cost
9 064
9 064
9 064
9 064
Free-cash
16 213
16 024
16 732
21 764

Estimated living cost  is ₴9064 per week

₴6185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴742
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.
₴1956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23690
₴13740
₴11942
₴20626
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
5 963
health
-
-
-
5 785
pensions
-
-
-
8 900
total
-
-
-
20 648
Employee
13 989
-
33 259
-
unemployment
224
-
532
-
pensions
280
-
665
-
income
1 575
-
6 412
-
total
2 079
-
7 609
-
Employer
13 989
-
33 259
-
health
1 818
-
4 323
-
pensions
2 798
-
6 652
-
unemployment
112
-
266
-
total
4 728
-
11 241
-
Corporate
25 783
44 500
-
-
income
5 157
8 900
-
-
total
5 157
8 900
-
-
Dividends
20 626
35 600
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
11 964
8 900
18 850
20 648
After tax
32 536
35 600
25 650
23 852
Living cost
11 910
11 910
11 910
11 910
Free-cash
20 626
23 690
13 740
11 942

Estimated living cost  is ₴11910 per week

₴8169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴709
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.
₴2792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7363
₴11682
₴19609
₴1921
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
126
income
-
-
-
10 452
other
-
-
-
185
health
-
-
-
1 087
pensions
-
-
-
2 074
total
-
-
-
13 924
Employee
17 251
-
37 465
-
pensions
1 943
-
3 803
-
income
2 367
-
6 722
-
health
1 975
-
4 290
-
total
6 285
-
14 815
-
Employer
17 251
-
37 465
-
pensions
2 805
-
5 492
-
accident
288
-
626
-
unemployment
423
-
918
-
total
3 516
-
7 036
-
Corporate
23 733
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.

21 360
40 050
-
-
total
21 360
40 050
-
-
Dividends
2 373
4 450
-
-
withholding
451
846
-
-
total
451
846
-
-
Income
44 500
44 500
44 500
44 500
Total tax
31 612
40 896
21 851
13 924
After tax
12 888
3 604
22 649
30 576
Living cost
10 967
10 967
10 967
10 967
Free-cash
1 921
-7 363
11 682
19 609

Estimated living cost  is ₴10967 per week

₴8038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38274
₴31599
₴40054
₴37524
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 001
-
44 500
-
income
1 000
-
8 900
-
total
1 000
-
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%.

39 499
44 500
-
-
total
-
-
-
-
Dividends
39 499
44 500
-
-
withholding
1 975
2 225
-
-
total
1 975
2 225
-
-
Income
44 500
44 500
44 500
44 500
Total tax
2 975
2 225
8 900
445
After tax
41 525
42 275
35 600
44 055
Living cost
4 001
4 001
4 001
4 001
Free-cash
37 524
38 274
31 599
40 054

Estimated living cost  is ₴4001 per week

₴2479
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1079
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19555
₴12946
₴10957
₴16224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
5 652
other
-
-
-
2 114
health
-
-
-
1 958
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
total
-
-
-
20 404
Employee
17 904
-
35 542
-
unemployment
179
-
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.

1 253
-
2 487
-
income
3 082
-
6 118
-
health
251
-
498
-
total
4 765
-
9 459
-
Employer
17 904
-
35 542
-
health
251
-
498
-
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.

3 044
-
6 041
-
accident
143
-
284
-
unemployment
179
-
356
-
other
896
-
1 777
-
total
4 513
-
8 956
-
Corporate
22 084
44 500
-
-
income
4 638
9 345
-
-
total
4 638
9 345
-
-
Dividends
17 446
35 155
-
-
withholding
1 221
2 461
-
-
total
1 221
2 461
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 137
11 806
18 415
20 404
After tax
29 363
32 694
26 085
24 096
Living cost
13 139
13 139
13 139
13 139
Free-cash
16 224
19 555
12 946
10 957

Estimated living cost  is ₴13139 per week

₴9284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴664
-₴4665
₴178
-₴8071
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 454
pensions
-
-
-
3 190
total
-
-
-
11 644
Employee
46 235
-
39 258
-
pensions
4 460
-
3 623
-
income
8 334
-
7 003
-
health
762
-
619
-
total
13 556
-
11 245
-
Employer
46 235
-
39 258
-
health
878
-
746
-
pensions
5 459
-
4 496
-
total
6 337
-
5 242
-
Corporate
-
44 500
-
-
income

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

-
8 455
-
-
total
-
8 455
-
-
Dividends
-
36 045
-
-
withholding
-
2 703
-
-
total
-
2 703
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 893
11 158
16 487
11 644
After tax
24 607
33 342
28 013
32 856
Living cost
32 678
32 678
32 678
32 678
Free-cash
-8 071
664
-4 665
178

Estimated living cost  is ₴32678 per week

₴24486
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴31583
₴28052
₴26761
₴29292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
6 675
unemployment
-
-
-
69
health
-
-
-
1 981
pensions

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

-
-
-
2 549
total
-
-
-
11 274
Employee
8 561
-
41 121
-
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.

752
-
1 512
-
income
856
-
4 112
-
health
394
-
792
-
total
2 096
-
6 605
-
Employer
8 561
-
41 121
-
health
591
-
1 188
-
pensions

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

943
-
1 898
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 679
-
3 378
-
Corporate
34 260
44 500
-
-
income
3 426
4 450
-
-
total
3 426
4 450
-
-
Dividends
30 833
40 050
-
-
withholding
1 542
2 002
-
-
total
1 542
2 002
-
-
Income
44 500
44 500
44 500
44 500
Total tax
8 743
6 452
9 983
11 274
After tax
35 757
38 048
34 517
33 226
Living cost
6 465
6 465
6 465
6 465
Free-cash
29 292
31 583
28 052
26 761

Estimated living cost  is ₴6465 per week

₴3774
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴462
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8385
-₴11153
-₴2057
-₴9221
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
7 803
health
-
-
-
5 634
pensions
-
-
-
5 777
total
-
-
-
19 214
Employee
45 717
42 109
42 109
-
pensions
5 777
5 777
7 580
-
income

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

6 893
6 893
6 893
-
health
5 703
5 498
6 463
-
total
18 373
18 168
20 936
-
Employer
45 717
42 109
42 109
-
health
3 177
2 927
2 927
-
pensions
3 182
2 931
2 931
-
unemployment
1 646
1 516
1 516
-
total
8 005
7 374
7 374
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
26 378
25 542
28 310
19 214
After tax
18 122
18 958
16 190
25 286
Living cost
27 343
27 343
27 343
27 343
Free-cash
-9 221
-8 385
-11 153
-2 057

Estimated living cost  is ₴27343 per week

₴20170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2442
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4418
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18380
₴10324
₴9416
₴14007
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
3 825
social contributions
-
-
-
12 994
solidarity contribution
-
-
-
-
health
-
-
-
6 007
total
-
-
-
22 826
Employee
18 027
-
33 209
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
2 159
-
income
2 163
-
3 985
-
health
2 434
-
4 483
-
total
5 769
-
10 627
-
Employer
18 027
-
33 209
-
health
1 622
-
2 989
-
social contributions
4 507
-
8 302
-
total
6 129
-
11 291
-
Corporate
20 344
44 500
-
-
income
3 865
8 455
-
-
total
3 865
8 455
-
-
Dividends
16 479
36 045
-
-
withholding
2 472
5 407
-
-
total
2 472
5 407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 235
13 862
21 918
22 826
After tax
26 265
30 638
22 582
21 674
Living cost
12 258
12 258
12 258
12 258
Free-cash
14 007
18 380
10 324
9 416

Estimated living cost  is ₴12258 per week

₴8515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2935
₴265
₴2383
₴360
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
483
municipal
-
-
-
265
national
-
-
-
9 117
total
-
-
-
21 310
Employee
43 824
-
44 500
-
municipal
232
-
236
-
national
7 594
-
7 764
-
regional
414
-
422
-
social contributions
14 778
-
15 006
-
total
23 018
-
23 428
-
Employer
43 824
-
44 500
-
total
-
-
-
-
Corporate
676
44 500
-
-
municipal
26
1 736
-
-
nationa
162
10 680
-
-
total
188
12 416
-
-
Dividends
488
32 084
-
-
withholding
127
8 342
-
-
total
127
8 342
-
-
Income
44 500
44 500
44 500
44 500
Total tax
23 333
20 758
23 428
21 310
After tax
21 167
23 742
21 072
23 190
Living cost
20 807
20 807
20 807
20 807
Free-cash
360
2 935
265
2 383

Estimated living cost  is ₴20807 per week

₴14504
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.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17109
₴11652
₴12506
₴15576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 032
other
-
-
-
-
surtax
-
-
-
910
unemployment
-
-
-
112
health
-
-
-
3 159
pensions
-
-
-
8 900
total
-
-
-
21 113
Employee
16 307
-
36 762
-
other
-
-
-
-
unemployment
1 135
-
2 558
-
pensions
1 087
-
2 452
-
surtax
53
-
810
-
income
2 733
-
7 471
-
health
416
-
938
-
total
5 424
-
14 229
-
Employer
16 307
-
36 762
-
health
742
-
1 672
-
pensions
2 174
-
4 901
-
unemployment
517
-
1 165
-
other
-
-
-
-
total
3 433
-
7 738
-
Corporate
24 761
44 500
-
-
income
6 438
11 570
-
-
total
6 438
11 570
-
-
Dividends
18 323
32 930
-
-
withholding
2 748
4 940
-
-
total
2 748
4 940
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 043
16 510
21 967
21 113
After tax
26 457
27 990
22 533
23 387
Living cost
10 881
10 881
10 881
10 881
Free-cash
15 576
17 109
11 652
12 506

Estimated living cost  is ₴10881 per week

₴6653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1004
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.
₴2973
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11017
₴5688
₴10531
₴7171
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 454
pensions
-
-
-
3 190
total
-
-
-
11 644
Employee
30 985
-
39 258
-
pensions
2 630
-
3 623
-
income
5 581
-
7 003
-
health
450
-
619
-
total
8 661
-
11 245
-
Employer
30 985
-
39 258
-
health
589
-
746
-
pensions
3 354
-
4 496
-
total
3 943
-
5 242
-
Corporate
9 572
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.

1 819
8 455
-
-
total
1 819
8 455
-
-
Dividends
7 753
36 045
-
-
withholding
581
2 703
-
-
total
581
2 703
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 004
11 158
16 487
11 644
After tax
29 496
33 342
28 013
32 856
Living cost
22 325
22 325
22 325
22 325
Free-cash
7 171
11 017
5 688
10 531

Estimated living cost  is ₴22325 per week

₴16726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1673
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴18644
-₴3934
-₴1658
-₴5478
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
-
-
-
1 386
health
-
-
-
127
city
-
-
-
469
national
-
-
-
200
pensions
-
-
-
4 094
total
-
-
-
7 166
Employee
45 631
-
39 831
-
unemployment
-
-
-
-
pensions
3 834
-
3 345
-
national
216
-
170
-
regional
1 494
-
1 180
-
city
490
-
428
-
health
103
-
89
-
total
6 137
-
5 212
-
Employer
45 631
-
39 831
-
health
103
-
89
-
pensions
3 834
-
3 345
-
unemployment
-
-
-
-
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.

912
-
796
-
total
4 849
-
4 230
-
Corporate
-
44 500
-
-
regional
-
9 412
-
-
national
-
3 783
-
-
total
-
13 195
-
-
Dividends
-
31 306
-
-
withholding
-
10 957
-
-
total
-
10 957
-
-
Income
44 500
44 500
44 500
44 500
Total tax
10 986
24 152
9 442
7 166
After tax
33 514
20 348
35 058
37 334
Living cost
38 992
38 992
38 992
38 992
Free-cash
-5 478
-18 644
-3 934
-1 658

Estimated living cost  is ₴38992 per week

₴25356
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴479
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴533
₴9632
₴5932
₴7463
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
44 500
income

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

-
-
-
8 446
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.

-
-
-
464
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.

-
-
-
3 369
trade
-
-
-
3 700
total
-
-
-
15 979
Employee

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

29 635
-
44 500
-
surtax

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

192
-
464
-
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.

3 485
-
8 446
-
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.

3 369
-
3 369
-
total
7 046
-
12 279
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
14 865
44 500
-
-
income
2 230
6 675
-
-
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.

123
367
-
-
chamber of commerce
95
138
-
-
trade
2 549
7 632
-
-
total
4 997
14 812
-
-
Dividends
9 868
29 689
-
-
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.

125
398
-
-
withholding
2 280
7 234
-
-
total
2 405
7 632
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 448
22 444
12 279
15 979
After tax
30 052
22 056
32 221
28 521
Living cost
22 589
22 589
22 589
22 589
Free-cash
7 463
-533
9 632
5 932

Estimated living cost  is ₴22589 per week

₴16498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1807
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3991
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5557
₴8757
₴8892
₴8468
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
3 557
other
-
-
-
1 380
surtax
-
-
-
-
social contributions
-
-
-
1 268
health
-
-
-
560
pensions
-
-
-
11 972
total
-
-
-
18 737
Employee
21 104
-
33 909
-
pensions
2 386
-
3 835
-
surtax
-
-
-
-
social contributions
602
-
966
-
income
1 245
-
3 479
-
total
4 233
-
8 280
-
Employer
21 104
-
33 909
-
health
1 478
-
2 374
-
pensions
3 467
-
5 572
-
unemployment
854
-
1 374
-
social contributions
64
-
102
-
other
728
-
1 170
-
total
6 591
-
10 592
-
Corporate
16 805
44 500
-
-
income
4 706
12 460
-
-
surtax
-
-
-
-
total
4 706
12 460
-
-
Dividends
12 099
32 040
-
-
surtax
-
-
-
-
social contributions
2 082
5 511
-
-
withholding
1 549
4 101
-
-
total
3 631
9 612
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 161
22 072
18 872
18 737
After tax
25 339
22 428
25 628
25 763
Living cost
16 871
16 871
16 871
16 871
Free-cash
8 468
5 557
8 757
8 892

Estimated living cost  is ₴16871 per week

₴10638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
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.
₴4575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7229
₴10429
₴10564
₴9970
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
3 557
other
-
-
-
1 380
surtax
-
-
-
-
social contributions
-
-
-
1 268
health
-
-
-
560
pensions
-
-
-
11 972
total
-
-
-
18 737
Employee
18 838
-
33 909
-
pensions
2 131
-
3 835
-
surtax
-
-
-
-
social contributions
537
-
966
-
income
971
-
3 479
-
total
3 639
-
8 280
-
Employer
18 838
-
33 909
-
health
1 318
-
2 374
-
pensions
3 095
-
5 572
-
unemployment
763
-
1 374
-
social contributions
56
-
102
-
other
650
-
1 170
-
total
5 882
-
10 592
-
Corporate
19 778
44 500
-
-
income
5 538
12 460
-
-
surtax
-
-
-
-
total
5 538
12 460
-
-
Dividends
14 241
32 040
-
-
surtax
-
-
-
-
social contributions
2 449
5 511
-
-
withholding
1 823
4 101
-
-
total
4 272
9 612
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 331
22 072
18 872
18 737
After tax
25 169
22 428
25 628
25 763
Living cost
15 199
15 199
15 199
15 199
Free-cash
9 970
7 229
10 429
10 564

Estimated living cost  is ₴15199 per week

₴8815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1544
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.
₴4552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16693
₴18449
₴18122
₴16947
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
6 675
social contributions
-
-
-
6 141
health
-
-
-
3 106
total
-
-
-
15 922
Employee
16 719
-
44 500
-
social contributions
2 308
-
6 141
-
income
2 789
-
6 348
-
health
1 167
-
3 106
-
total
6 264
-
15 595
-
Employer
16 719
-
44 500
-
total
-
-
-
-
Corporate
27 781
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%.

1 389
2 225
-
-
total
1 389
2 225
-
-
Dividends
26 392
42 275
-
-
social contributions
3 642
5 834
-
-
withholding
3 959
6 342
-
-
health
1 843
2 950
-
-
total
9 444
15 126
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 097
17 351
15 595
15 922
After tax
27 403
27 149
28 905
28 578
Living cost
10 456
10 456
10 456
10 456
Free-cash
16 947
16 693
18 449
18 122

Estimated living cost  is ₴10456 per week

₴6998
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
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.
₴2572
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7649
-₴2985
₴5552
₴6888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
6 637
surtax
-
-
-
97
unemployment
-
-
-
3 024
chamber of commerce
-
-
-
178
health
-
-
-
3 404
pensions
-
-
-
8 233
total
-
-
-
21 573
Employee
24 643
19 651
34 481
-
other
246
197
344
-
unemployment
739
590
1 034
-
pensions
2 524
2 012
3 531
-
income
2 805
1 449
5 695
-
health
954
761
1 334
-
total
7 268
5 009
11 938
-
Employer
24 643
19 651
34 481
-
chamber of commerce
98
79
138
-
health
931
743
1 304
-
pensions
3 093
2 467
4 327
-
accident
320
255
448
-
unemployment
739
590
1 034
-
surtax
97
97
97
-
payroll
739
590
1 034
-
other
1 171
933
1 638
-
total
7 188
5 754
10 020
-
Corporate
12 668
19 096
32 609
-
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.

3 168
4 774
8 152
-
total
3 168
4 774
8 152
-
Dividends
9 501
14 322
-
-
withholding
2 613
3 939
-
-
total
2 613
3 939
-
-
Income
44 500
44 500
44 500
44 500
Total tax
20 237
19 476
30 110
21 573
After tax
24 263
25 024
14 390
22 927
Living cost
17 375
17 375
17 375
17 375
Free-cash
6 888
7 649
-2 985
5 552

Estimated living cost  is ₴17375 per week

₴11588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4019
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6996
-₴342
₴3506
-₴1039
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
communal

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

-
-
-
2 269
social contributions
-
-
-
6 682
national
-
-
-
14 064
total
-
-
-
23 015
Employee

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

35 272
-
34 467
-
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.

307
-
299
-
communal

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

1 840
-
1 798
-
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.

2 645
-
2 585
-
national
10 844
-
10 529
-
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.

1 657
-
1 621
-
total
17 293
-
16 832
-
Employer

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

35 272
-
34 467
-
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.

2 169
-
2 120
-
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.

3 125
-
3 053
-
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.

459
-
447
-
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.

515
-
503
-
surtax
3 999
-
3 908
-
total
10 267
-
10 031
-
Corporate
-
44 500
-
-
income
-
8 900
-
-
surtax
-
178
-
-
total
-
9 078
-
-
Dividends
-
35 422
-
-
withholding

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

-
10 447
-
-
total
-
10 447
-
-
Income
44 500
44 500
44 500
44 500
Total tax
27 560
19 525
26 863
23 015
After tax
16 940
24 975
17 637
21 485
Living cost
17 979
17 979
17 979
17 979
Free-cash
-1 039
6 996
-342
3 506

Estimated living cost  is ₴17979 per week

₴11581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
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.
₴4545
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12186
₴6029
₴5713
₴8257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
401
income
-
-
-
7 628
other
-
-
-
45
unemployment
-
-
-
312
pensions
-
-
-
12 593
total
-
-
-
20 979
Employee
24 546
-
33 743
-
other
24
-
34
-
unemployment
381
-
523
-
pensions
1 154
-
1 586
-
income
5 179
-
7 764
-
total
6 738
-
9 907
-
Employer
24 546
-
33 743
-
pensions
5 792
-
7 963
-
accident
486
-
668
-
unemployment
1 350
-
1 856
-
other
196
-
269
-
total
7 824
-
10 756
-
Corporate
12 131
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.

1 820
6 675
-
-
total
1 820
6 675
-
-
Dividends
10 311
37 825
-
-
withholding
2 053
7 831
-
-
total
2 053
7 831
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 435
14 506
20 663
20 979
After tax
26 065
29 994
23 837
23 521
Living cost
17 808
17 808
17 808
17 808
Free-cash
8 257
12 186
6 029
5 713

Estimated living cost  is ₴17808 per week

₴13114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1263
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.
₴3174
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴577
₴1353
-₴775
-₴2556
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
communal
-
-
-
2 812
accident
-
-
-
375
income
-
-
-
3 287
surtax
-
-
-
2 207
health
-
-
-
3 127
pensions
-
-
-
6 670
total
-
-
-
18 478
Employee
37 342
-
39 751
-
pensions
2 987
-
3 180
-
surtax
2 289
-
2 436
-
income
3 607
-
4 216
-
health
1 662
-
1 769
-
total
10 545
-
11 601
-
Employer
37 342
-
39 751
-
health
1 139
-
1 212
-
pensions
2 987
-
3 180
-
accident
336
-
357
-
total
4 462
-
4 749
-
Corporate
2 696
44 500
-
-
communal
-
3 004
-
-
income
404
6 675
-
-
surtax
28
467
-
-
total
432
10 146
-
-
Dividends
2 264
34 354
-
-
income
4 480
1 827
-
-
withholding
340
5 153
-
-
total
4 820
6 980
-
-
Income
44 500
44 500
44 500
44 500
Total tax
20 259
17 126
16 350
18 478
After tax
24 241
27 374
28 150
26 022
Living cost
26 797
26 797
26 797
26 797
Free-cash
-2 556
577
1 353
-775

Estimated living cost  is ₴26797 per week

₴20102
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16914
₴11457
₴12311
₴15345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 032
other
-
-
-
-
surtax
-
-
-
910
unemployment
-
-
-
112
health
-
-
-
3 159
pensions
-
-
-
8 900
total
-
-
-
21 113
Employee
16 606
-
36 762
-
other
-
-
-
-
unemployment
1 156
-
2 558
-
pensions
1 108
-
2 452
-
surtax
59
-
810
-
income
2 784
-
7 471
-
health
424
-
938
-
total
5 531
-
14 229
-
Employer
16 606
-
36 762
-
health
755
-
1 672
-
pensions
2 214
-
4 901
-
unemployment
527
-
1 165
-
other
-
-
-
-
total
3 496
-
7 738
-
Corporate
24 398
44 500
-
-
income
6 344
11 570
-
-
total
6 344
11 570
-
-
Dividends
18 054
32 930
-
-
withholding
2 708
4 940
-
-
total
2 708
4 940
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 079
16 510
21 967
21 113
After tax
26 421
27 990
22 533
23 387
Living cost
11 076
11 076
11 076
11 076
Free-cash
15 345
16 914
11 457
12 311

Estimated living cost  is ₴11076 per week

₴6687
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴963
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.
₴3169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10107
₴7613
₴9719
₴9012
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
671
municipal
-
-
-
265
national
-
-
-
9 117
total
-
-
-
21 498
Employee
27 353
-
44 500
-
municipal
145
-
236
-
national
4 334
-
7 764
-
regional
368
-
598
-
social contributions
9 224
-
15 006
-
total
14 071
-
23 604
-
Employer
27 353
-
44 500
-
total
-
-
-
-
Corporate
17 147
44 500
-
-
municipal
852
2 211
-
-
nationa
4 115
10 680
-
-
total
4 967
12 891
-
-
Dividends
12 179
31 609
-
-
withholding
3 167
8 219
-
-
total
3 167
8 219
-
-
Income
44 500
44 500
44 500
44 500
Total tax
22 205
21 110
23 604
21 498
After tax
22 295
23 390
20 896
23 002
Living cost
13 283
13 283
13 283
13 283
Free-cash
9 012
10 107
7 613
9 719

Estimated living cost  is ₴13283 per week

₴8261
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1346
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15533
₴7477
₴6569
₴10145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
3 825
social contributions
-
-
-
12 994
solidarity contribution
-
-
-
-
health
-
-
-
6 007
total
-
-
-
22 826
Employee
22 214
-
33 209
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
2 159
-
income
2 666
-
3 985
-
health
2 999
-
4 483
-
total
7 109
-
10 627
-
Employer
22 214
-
33 209
-
health
1 999
-
2 989
-
social contributions
5 553
-
8 302
-
total
7 552
-
11 291
-
Corporate
14 734
44 500
-
-
income
2 799
8 455
-
-
total
2 799
8 455
-
-
Dividends
11 934
36 045
-
-
withholding
1 790
5 407
-
-
total
1 790
5 407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 250
13 862
21 918
22 826
After tax
25 250
30 638
22 582
21 674
Living cost
15 105
15 105
15 105
15 105
Free-cash
10 145
15 533
7 477
6 569

Estimated living cost  is ₴15105 per week

₴11233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9345
-₴1345
₴7292
₴9102
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
6 637
surtax
-
-
-
-
unemployment
-
-
-
3 024
chamber of commerce
-
-
-
178
health
-
-
-
3 404
pensions
-
-
-
8 233
total
-
-
-
21 476
Employee
21 555
19 651
34 555
-
other
215
197
345
-
unemployment
647
590
1 037
-
pensions
2 207
2 012
3 538
-
income
1 920
1 449
5 741
-
health
834
761
1 337
-
total
5 823
5 009
11 998
-
Employer
21 555
19 651
34 555
-
chamber of commerce
86
79
138
-
health
815
743
1 306
-
pensions
2 705
2 467
4 336
-
accident
280
255
449
-
unemployment
647
590
1 037
-
surtax
-
-
-
-
payroll
647
590
1 037
-
other
1 024
933
1 641
-
total
6 204
5 657
9 944
-
Corporate
16 742
19 193
32 683
-
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.

4 186
4 799
8 171
-
total
4 186
4 799
8 171
-
Dividends
12 556
14 395
-
-
withholding
3 453
3 958
-
-
total
3 453
3 958
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 666
19 423
30 113
21 476
After tax
24 834
25 077
14 387
23 024
Living cost
15 732
15 732
15 732
15 732
Free-cash
9 102
9 345
-1 345
7 292

Estimated living cost  is ₴15732 per week

₴9437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4407
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36040
₴29365
₴37820
₴34871
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 794
-
44 500
-
income
1 559
-
8 900
-
total
1 559
-
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%.

36 706
44 500
-
-
total
-
-
-
-
Dividends
36 706
44 500
-
-
withholding
1 835
2 225
-
-
total
1 835
2 225
-
-
Income
44 500
44 500
44 500
44 500
Total tax
3 394
2 225
8 900
445
After tax
41 106
42 275
35 600
44 055
Living cost
6 235
6 235
6 235
6 235
Free-cash
34 871
36 040
29 365
37 820

Estimated living cost  is ₴6235 per week

₴4219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1545
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17412
₴8734
₴10009
₴13288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
44 500
income
-
-
-
8 694
unemployment
-
-
-
66
health
-
-
-
4 378
pensions
-
-
-
8 127
total
-
-
-
21 265
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.

21 805
-
38 505
-
unemployment
31
-
54
-
pensions
3 380
-
5 968
-
income
3 760
-
8 036
-
health
1 408
-
2 487
-
total
8 579
-
16 545
-
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.

21 805
-
38 505
-
health
1 452
-
2 564
-
pensions
1 930
-
3 408
-
unemployment
13
-
23
-
total
3 395
-
5 995
-
Corporate
19 300
44 500
-
-
income
3 667
8 455
-
-
total
3 667
8 455
-
-
Dividends
15 633
36 045
-
-
withholding
2 345
5 407
-
-
total
2 345
5 407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 986
13 862
22 540
21 265
After tax
26 514
30 638
21 960
23 235
Living cost
13 226
13 226
13 226
13 226
Free-cash
13 288
17 412
8 734
10 009

Estimated living cost  is ₴13226 per week

₴9077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴848
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.
₴3046
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5600
₴16479
₴9279
-₴29707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
8 674
social contributions
-
-
-
5 073
total
-
-
-
13 747
Employee
30 791
-
-
-
social contributions
2 525
-
360
-
income
6 792
-
-
-
total
9 317
-
360
-
Employer
30 791
-
-
-
social contributions
43 416
-
6 187
-
total
43 416
-
6 187
-
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
52 733
17 426
6 547
13 747
After tax
-8 233
27 074
37 953
30 753
Living cost
21 474
21 474
21 474
21 474
Free-cash
-29 707
5 600
16 479
9 279

Estimated living cost  is ₴21474 per week

₴13933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2020
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9845
₴7511
₴9580
₴9349
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
44 500
income
-
-
-
3 990
surtax
-
-
-
-
social contributions

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

-
-
-
15 463
total
-
-
-
19 453
Employee
22 679
-
35 959
-
surtax
-
-
-
-
social contributions
2 495
-
3 955
-
income
4 717
-
9 026
-
total
7 212
-
12 981
-
Employer
22 679
-
35 959
-
social contributions
5 386
-
8 541
-
total
5 386
-
8 541
-
Corporate
16 435
44 500
-
-
income
3 451
9 345
-
-
surtax
-
-
-
-
total
3 451
9 345
-
-
Dividends
12 984
35 155
-
-
withholding
3 635
9 843
-
-
total
3 635
9 843
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 684
19 188
21 522
19 453
After tax
24 816
25 312
22 978
25 047
Living cost
15 467
15 467
15 467
15 467
Free-cash
9 349
9 845
7 511
9 580

Estimated living cost  is ₴15467 per week

₴11573
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2724
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1388
₴1812
₴1947
₴2000
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
3 557
other
-
-
-
1 380
surtax
-
-
-
-
social contributions
-
-
-
1 268
health
-
-
-
560
pensions
-
-
-
11 972
total
-
-
-
18 737
Employee
30 884
-
33 909
-
pensions
3 493
-
3 835
-
surtax
-
-
-
-
social contributions
880
-
966
-
income
2 695
-
3 479
-
total
7 068
-
8 280
-
Employer
30 884
-
33 909
-
health
2 162
-
2 374
-
pensions
5 075
-
5 572
-
unemployment
1 251
-
1 374
-
social contributions
93
-
102
-
other
1 066
-
1 170
-
total
9 647
-
10 592
-
Corporate
3 970
44 500
-
-
income
1 112
12 460
-
-
surtax
-
-
-
-
total
1 112
12 460
-
-
Dividends
2 858
32 040
-
-
surtax
-
-
-
-
social contributions
491
5 511
-
-
withholding
366
4 101
-
-
total
857
9 612
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 684
22 072
18 872
18 737
After tax
25 816
22 428
25 628
25 763
Living cost
23 816
23 816
23 816
23 816
Free-cash
2 000
-1 388
1 812
1 947

Estimated living cost  is ₴23816 per week

₴16118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1948
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.
₴5423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25227
₴20523
₴19274
₴23571
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
613
social contributions
-
-
-
9 790
total
-
-
-
10 403
Employee
15 853
-
38 528
-
income
-
-
678
-
social contributions
1 030
-
2 504
-
total
1 030
-
3 182
-
Employer
15 853
-
38 528
-
social contributions
2 457
-
5 972
-
total
2 457
-
5 972
-
Corporate
26 190
44 500
-
-
income
2 619
4 450
-
-
total
2 619
4 450
-
-
Dividends
23 571
40 050
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
6 106
4 450
9 154
10 403
After tax
38 394
40 050
35 346
34 097
Living cost
14 823
14 823
14 823
14 823
Free-cash
23 571
25 227
20 523
19 274

Estimated living cost  is ₴14823 per week

₴9584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1117
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.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴62888
-₴62888
₴4106
-₴62888
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
3 526
municipal
-
-
-
8 057
national
-
-
-
4 647
pensions
-
-
-
427
total
-
-
-
16 657
Employee
100 190
100 190
100 190
-
municipal
21 335
21 335
21 335
-
labour market
8 004
8 004
8 004
-
pensions
142
142
142
-
national
12 240
12 240
12 240
-
total
41 721
41 721
41 721
-
Employer
100 190
100 190
100 190
-
national
12 261
12 261
12 261
-
labour market
8 015
8 015
8 015
-
pensions
285
285
285
-
municipal
21 369
21 369
21 369
-
total
41 930
41 930
41 930
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
83 651
83 651
83 651
16 657
After tax
-39 151
-39 151
-39 151
27 843
Living cost
23 737
23 737
23 737
23 737
Free-cash
-62 888
-62 888
-62 888
4 106

Estimated living cost  is ₴23737 per week

₴16246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5026
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7201
₴11844
₴19771
₴1947
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
126
income
-
-
-
10 452
other
-
-
-
185
health
-
-
-
1 087
pensions
-
-
-
2 074
total
-
-
-
13 924
Employee
16 997
-
37 465
-
pensions
1 914
-
3 803
-
income
2 332
-
6 722
-
health
1 946
-
4 290
-
total
6 192
-
14 815
-
Employer
16 997
-
37 465
-
pensions
2 764
-
5 492
-
accident
284
-
626
-
unemployment
416
-
918
-
total
3 464
-
7 036
-
Corporate
24 039
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.

21 635
40 050
-
-
total
21 635
40 050
-
-
Dividends
2 404
4 450
-
-
withholding
457
846
-
-
total
457
846
-
-
Income
44 500
44 500
44 500
44 500
Total tax
31 748
40 896
21 851
13 924
After tax
12 752
3 604
22 649
30 576
Living cost
10 805
10 805
10 805
10 805
Free-cash
1 947
-7 201
11 844
19 771

Estimated living cost  is ₴10805 per week

₴7865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11024
₴6837
₴13206
₴9454
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
479
municipal
-
-
-
7 924
national
-
-
-
3 959
total
-
-
-
12 362
Employee
25 943
-
37 436
-
municipal
4 249
-
6 116
-
unemployment
389
-
561
-
pensions
1 751
-
2 527
-
national
429
-
2 093
-
health
194
-
371
-
total
7 012
-
11 668
-
Employer
25 943
-
37 436
-
health
199
-
288
-
pensions
4 501
-
6 495
-
accident
26
-
37
-
unemployment
168
-
243
-
total
4 894
-
7 063
-
Corporate
13 662
44 500
-
-
income
2 732
8 900
-
-
total
2 732
8 900
-
-
Dividends

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

8 197
26 700
-
-
municipal
1 476
4 806
-
-
national
-
838
-
-
total
1 476
5 644
-
-
Income
44 500
44 500
44 500
44 500
Total tax
16 114
14 544
18 731
12 362
After tax
28 386
29 956
25 769
32 138
Living cost
18 932
18 932
18 932
18 932
Free-cash
9 454
11 024
6 837
13 206

Estimated living cost  is ₴18932 per week

₴12366
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1821
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4444
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21183
₴20762
₴20807
₴18500
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 199
social contributions
-
-
-
6 942
health
-
-
-
1 135
total
-
-
-
12 276
Employee
37 917
37 917
40 400
-
social contributions
1 434
3 147
3 353
-
income
4 129
3 510
4 180
-
health
294
645
687
-
total
5 857
7 302
8 220
-
Employer
37 917
37 917
40 400
-
health
319
702
748
-
social contributions
1 434
3 147
3 353
-
total
1 753
3 849
4 101
-
Corporate
25 475
2 734
-
-
income
3 184
342
-
-
total
3 184
342
-
-
Dividends
22 290
2 392
-
-
withholding
3 789
407
-
-
total
3 789
407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 583
11 900
12 321
12 276
After tax
29 917
32 600
32 179
32 224
Living cost
11 417
11 417
11 417
11 417
Free-cash
18 500
21 183
20 762
20 807

Estimated living cost  is ₴11417 per week

₴6842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29021
₴19632
₴27558
₴26514
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
44 500
income
-
-
-
4 178
unemployment
-
-
-
14
health
-
-
-
1 784
pensions
-
-
-
3 137
total
-
-
-
9 113
Employee

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

11 318
-
40 344
-
unemployment
56
-
202
-
pensions
1 697
-
6 052
-
income
774
-
3 199
-
health
962
-
3 430
-
total
3 489
-
12 883
-
Employer

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

11 318
-
40 344
-
health
487
-
1 735
-
pensions
622
-
2 219
-
unemployment
56
-
202
-
total
1 165
-
4 156
-
Corporate
32 017
44 500
-
-
income
2 881
4 005
-
-
total
2 881
4 005
-
-
Dividends
29 135
40 495
-
-
withholding
2 622
3 645
-
-
total
2 622
3 645
-
-
Income
44 500
44 500
44 500
44 500
Total tax
10 157
7 650
17 039
9 113
After tax
34 343
36 850
27 461
35 387
Living cost
7 829
7 829
7 829
7 829
Free-cash
26 514
29 021
19 632
27 558

Estimated living cost  is ₴7829 per week

₴4995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16434
₴10277
₴9961
₴13847
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
401
income
-
-
-
7 628
other
-
-
-
45
unemployment
-
-
-
312
pensions
-
-
-
12 593
total
-
-
-
20 979
Employee
18 233
-
33 743
-
other
18
-
34
-
unemployment
283
-
523
-
pensions
857
-
1 586
-
income
3 515
-
7 764
-
total
4 673
-
9 907
-
Employer
18 233
-
33 743
-
pensions
4 303
-
7 963
-
accident
361
-
668
-
unemployment
1 003
-
1 856
-
other
146
-
269
-
total
5 813
-
10 756
-
Corporate
20 454
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.

3 068
6 675
-
-
total
3 068
6 675
-
-
Dividends
17 386
37 825
-
-
withholding
3 539
7 831
-
-
total
3 539
7 831
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 093
14 506
20 663
20 979
After tax
27 407
29 994
23 837
23 521
Living cost
13 560
13 560
13 560
13 560
Free-cash
13 847
16 434
10 277
9 961

Estimated living cost  is ₴13560 per week

₴9153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1304
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.
₴2866
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26808
₴27333
₴27400
₴26650
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
14 931
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
16 140
Employee
1 463
-
43 712
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
14 894
-
health
73
-
175
-
total
503
-
15 419
-
Employer
1 463
-
43 712
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
42 708
44 500
-
-
income
9 396
9 790
-
-
total
9 396
9 790
-
-
Dividends
33 312
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
16 207
16 140
After tax
27 610
27 768
28 293
28 360
Living cost
960
960
960
960
Free-cash
26 650
26 808
27 333
27 400

Estimated living cost  is ₴960 per week

₴571
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.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23619
₴14426
₴14426
₴21192
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
44 500
income
-
-
-
7 761
unemployment
-
-
-
547
health
-
-
-
3 755
pensions
-
-
-
9 479
total
-
-
-
21 542
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.

12 865
-
37 974
-
unemployment
96
-
273
-
pensions
1 801
-
5 104
-
income
1 773
-
7 761
-
health
663
-
1 878
-
total
4 333
-
15 016
-
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.

12 865
-
37 974
-
health
663
-
1 878
-
pensions
1 544
-
4 375
-
unemployment
96
-
273
-
total
2 303
-
6 526
-
Corporate
29 332
44 500
-
-
income
4 400
6 675
-
-
total
4 400
6 675
-
-
Dividends
24 932
37 825
-
-
withholding
3 740
5 674
-
-
total
3 740
5 674
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 776
12 349
21 542
21 542
After tax
29 724
32 151
22 958
22 958
Living cost
8 532
8 532
8 532
8 532
Free-cash
21 192
23 619
14 426
14 426

Estimated living cost  is ₴8532 per week

₴5744
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1880
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12018
₴9684
₴11753
₴11839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
44 500
income
-
-
-
3 990
surtax
-
-
-
-
social contributions

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

-
-
-
15 463
total
-
-
-
19 453
Employee
19 139
-
35 959
-
surtax
-
-
-
-
social contributions
2 105
-
3 955
-
income
3 740
-
9 026
-
total
5 845
-
12 981
-
Employer
19 139
-
35 959
-
social contributions
4 545
-
8 541
-
total
4 545
-
8 541
-
Corporate
20 817
44 500
-
-
income
4 372
9 345
-
-
surtax
-
-
-
-
total
4 372
9 345
-
-
Dividends
16 445
35 155
-
-
withholding
4 605
9 843
-
-
total
4 605
9 843
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 367
19 188
21 522
19 453
After tax
25 133
25 312
22 978
25 047
Living cost
13 294
13 294
13 294
13 294
Free-cash
11 839
12 018
9 684
11 753

Estimated living cost  is ₴13294 per week

₴9416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴924
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.
₴2719
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12664
₴6507
₴6191
₴8904
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
401
income
-
-
-
7 628
other
-
-
-
45
unemployment
-
-
-
312
pensions
-
-
-
12 593
total
-
-
-
20 979
Employee
23 815
-
33 743
-
other
23
-
34
-
unemployment
369
-
523
-
pensions
1 119
-
1 586
-
income
4 974
-
7 764
-
total
6 485
-
9 907
-
Employer
23 815
-
33 743
-
pensions
5 620
-
7 963
-
accident
472
-
668
-
unemployment
1 310
-
1 856
-
other
191
-
269
-
total
7 593
-
10 756
-
Corporate
13 093
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.

1 964
6 675
-
-
total
1 964
6 675
-
-
Dividends
11 128
37 825
-
-
withholding
2 224
7 831
-
-
total
2 224
7 831
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 266
14 506
20 663
20 979
After tax
26 234
29 994
23 837
23 521
Living cost
17 330
17 330
17 330
17 330
Free-cash
8 904
12 664
6 507
6 191

Estimated living cost  is ₴17330 per week

₴12446
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3293
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29566
₴26035
₴24744
₴26561
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
6 675
unemployment
-
-
-
69
health
-
-
-
1 981
pensions

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

-
-
-
2 549
total
-
-
-
11 274
Employee
11 232
-
41 121
-
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.

986
-
1 512
-
income
1 123
-
4 112
-
health
517
-
792
-
total
2 749
-
6 605
-
Employer
11 232
-
41 121
-
health
775
-
1 188
-
pensions

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

1 238
-
1 898
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 203
-
3 378
-
Corporate
31 064
44 500
-
-
income
3 107
4 450
-
-
total
3 107
4 450
-
-
Dividends
27 958
40 050
-
-
withholding
1 398
2 002
-
-
total
1 398
2 002
-
-
Income
44 500
44 500
44 500
44 500
Total tax
9 457
6 452
9 983
11 274
After tax
35 043
38 048
34 517
33 226
Living cost
8 482
8 482
8 482
8 482
Free-cash
26 561
29 566
26 035
24 744

Estimated living cost  is ₴8482 per week

₴5610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
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.
₴2185
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3934
₴13184
₴10089
₴10387
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
44 500
income

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

-
-
-
8 446
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.

-
-
-
464
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.

-
-
-
3 369
trade
-
-
-
3 095
total
-
-
-
15 374
Employee

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

24 535
-
44 500
-
surtax

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

111
-
464
-
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.

2 017
-
8 446
-
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.

3 369
-
3 369
-
total
5 497
-
12 279
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
19 965
44 500
-
-
income
2 994
6 675
-
-
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.

165
367
-
-
chamber of commerce
104
140
-
-
trade
2 865
6 386
-
-
total
6 128
13 568
-
-
Dividends
13 837
30 932
-
-
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.

180
415
-
-
withholding
3 271
7 546
-
-
total
3 451
7 961
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 076
21 529
12 279
15 374
After tax
29 424
22 971
32 221
29 126
Living cost
19 037
19 037
19 037
19 037
Free-cash
10 387
3 934
13 184
10 089

Estimated living cost  is ₴19037 per week

₴13132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2048
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3062
₴2905
₴2905
₴4149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
9 650
social contributions
-
-
-
3 856
total
-
-
-
13 506
Employee
38 572
-
44 500
-
income
7 278
-
9 650
-
social contributions
3 205
-
3 856
-
total
10 483
-
13 506
-
Employer
38 572
-
44 500
-
total
-
-
-
-
Corporate
5 928
44 500
-
-
income
741
5 562
-
-
total
741
5 562
-
-
Dividends
5 187
38 938
-
-
withholding
1 038
7 787
-
-
total
1 038
7 787
-
-
Income
44 500
44 500
44 500
44 500
Total tax
12 262
13 349
13 506
13 506
After tax
32 238
31 151
30 994
30 994
Living cost
28 089
28 089
28 089
28 089
Free-cash
4 149
3 062
2 905
2 905

Estimated living cost  is ₴28089 per week

₴21370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2289
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8420
₴14707
₴9577
₴10837
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
44 500
income
-
-
-
14 036
health

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

-
-
-
2 987
total
-
-
-
17 023
Employee
22 621
-
42 232
-
income
2 454
-
7 357
-
social contributions
2 266
-
2 268
-
total
4 720
-
9 625
-
Employer
22 621
-
42 232
-
social contributions
2 266
-
2 268
-
total
2 266
-
2 268
-
Corporate
19 613
44 500
-
-
income
6 865
15 575
-
-
total
6 865
15 575
-
-
Dividends
12 748
28 925
-
-
social contributions
1 912
2 605
-
-
total
1 912
2 605
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 763
18 180
11 893
17 023
After tax
28 737
26 320
32 607
27 477
Living cost
17 900
17 900
17 900
17 900
Free-cash
10 837
8 420
14 707
9 577

Estimated living cost  is ₴17900 per week

₴11791
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1411
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15193
₴9864
₴14707
₴12437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 454
pensions
-
-
-
3 190
total
-
-
-
11 644
Employee
24 913
-
39 258
-
pensions
1 901
-
3 623
-
income
4 537
-
7 003
-
health
325
-
619
-
total
6 763
-
11 245
-
Employer
24 913
-
39 258
-
health
473
-
746
-
pensions
2 517
-
4 496
-
total
2 990
-
5 242
-
Corporate
16 597
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.

3 153
8 455
-
-
total
3 153
8 455
-
-
Dividends
13 444
36 045
-
-
withholding
1 008
2 703
-
-
total
1 008
2 703
-
-
Income
44 500
44 500
44 500
44 500
Total tax
13 914
11 158
16 487
11 644
After tax
30 586
33 342
28 013
32 856
Living cost
18 149
18 149
18 149
18 149
Free-cash
12 437
15 193
9 864
14 707

Estimated living cost  is ₴18149 per week

₴12450
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1669
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3802
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8271
₴10774
₴18701
₴1782
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
126
income
-
-
-
10 452
other
-
-
-
185
health
-
-
-
1 087
pensions
-
-
-
2 074
total
-
-
-
13 924
Employee
18 679
-
37 465
-
pensions
2 103
-
3 803
-
income
2 563
-
6 722
-
health
2 139
-
4 290
-
total
6 805
-
14 815
-
Employer
18 679
-
37 465
-
pensions
3 037
-
5 492
-
accident
312
-
626
-
unemployment
458
-
918
-
total
3 807
-
7 036
-
Corporate
22 014
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.

19 813
40 050
-
-
total
19 813
40 050
-
-
Dividends
2 201
4 450
-
-
withholding
418
846
-
-
total
418
846
-
-
Income
44 500
44 500
44 500
44 500
Total tax
30 843
40 896
21 851
13 924
After tax
13 657
3 604
22 649
30 576
Living cost
11 875
11 875
11 875
11 875
Free-cash
1 782
-8 271
10 774
18 701

Estimated living cost  is ₴11875 per week

₴8715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴692
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.
₴2229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31138
₴20236
₴18885
₴28731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 691
unemployment
-
-
-
534
work injury
-
-
-
222
health insurance
-
-
-
3 293
pensions
-
-
-
8 188
total
-
-
-
18 928
Employee

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

10 700
-
44 500
-
health insurance
792
-
2 929
-
unemployment
128
-
475
-
work injury
53
-
198
-
pensions
1 969
-
7 284
-
income
1 070
-
6 691
-
total
4 012
-
17 577
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
33 800
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
33 800
44 500
-
-
withholding
5 070
6 675
-
-
total
5 070
6 675
-
-
Income
44 500
44 500
44 500
44 500
Total tax
9 082
6 675
17 577
18 928
After tax
35 418
37 825
26 923
25 572
Living cost
6 687
6 687
6 687
6 687
Free-cash
28 731
31 138
20 236
18 885

Estimated living cost  is ₴6687 per week

₴4143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3795
₴1116
₴3152
₴1553
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
844
municipal
-
-
-
298
national
-
-
-
9 117
total
-
-
-
21 704
Employee
41 552
-
44 500
-
municipal
248
-
266
-
national
7 022
-
7 764
-
regional
627
-
704
-
social contributions
14 011
-
15 006
-
total
21 908
-
23 740
-
Employer
41 552
-
44 500
-
total
-
-
-
-
Corporate
2 948
44 500
-
-
municipal
142
2 145
-
-
nationa
707
10 680
-
-
total
849
12 825
-
-
Dividends
2 098
31 675
-
-
withholding
546
8 236
-
-
total
546
8 236
-
-
Income
44 500
44 500
44 500
44 500
Total tax
23 303
21 061
23 740
21 704
After tax
21 197
23 439
20 760
22 796
Living cost
19 644
19 644
19 644
19 644
Free-cash
1 553
3 795
1 116
3 152

Estimated living cost  is ₴19644 per week

₴13799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4197
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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