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
₴12649
₴16870
₴13620
₴6971
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
447
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.

-
-
-
3 507
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.

-
-
-
8 128
trade
-
-
-
3 250
total
-
-
-
15 332
Employee

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

19 634
-
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.

548
-
8 128
-
surtax

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

30
-
447
-
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.

3 507
-
3 507
-
total
4 085
-
12 082
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
24 866
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.

206
367
-
-
chamber of commerce
114
142
-
-
income
3 730
6 675
-
-
trade
3 916
7 009
-
-
total
7 966
14 193
-
-
Dividends
16 901
30 307
-
-
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.

222
406
-
-
withholding
4 030
7 382
-
-
total
4 252
7 788
-
-
Income
44 500
44 500
44 500
44 500
Total tax
16 303
21 981
12 082
15 332
After tax
28 197
22 519
32 418
29 168
Living cost
15 548
15 548
15 548
15 548
Free-cash
12 649
6 971
16 870
13 620

Estimated living cost  is ₴15548 per week

₴9780
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1813
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3665
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3449
-₴781
-₴1128
-₴589
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
6 961
pensions
-
-
-
5 340
municipal
-
-
-
4 492
social contributions
-
-
-
478
total
-
-
-
17 271
Employee
43 959
-
38 470
-
pensions
1 758
-
1 539
-
national
8 414
-
7 228
-
municipal
5 430
-
4 665
-
total
15 602
-
13 432
-
Employer
43 959
-
38 470
-
social contributions
473
-
414
-
pensions
3 517
-
3 078
-
total
3 990
-
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
19 592
16 732
16 924
17 271
After tax
24 908
27 768
27 576
27 229
Living cost
28 357
28 357
28 357
28 357
Free-cash
-3 449
-589
-781
-1 128

Estimated living cost  is ₴28357 per week

₴19274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴424
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20711
₴14482
₴13154
₴24921
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
6 360
microenterprise
-
-
-
-
social contributions

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

-
-
-
14 307
total
-
-
-
20 667
Employee
15 000
-
35 860
-
income
2 670
-
6 756
-
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.

1 650
-
3 944
-
total
4 320
-
10 700
-
Employer
15 000
-
35 860
-
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.

3 613
-
8 639
-
surtax
-
-
-
-
total
3 613
-
8 639
-
Corporate
25 887
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%.

5 177
8 900
-
-
total
5 177
8 900
-
-
Dividends

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

20 710
35 600
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
13 110
8 900
19 339
20 667
After tax
31 390
35 600
25 161
23 833
Living cost
10 679
10 679
10 679
10 679
Free-cash
20 711
24 921
14 482
13 154

Estimated living cost  is ₴10679 per week

₴6813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1017
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6473
-₴6473
₴3793
-₴3592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
pensions
-
-
-
6 014
health
-
-
-
5 761
income
-
-
-
7 428
total
-
-
-
19 203
Employee
43 836
43 836
43 836
-
income

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

7 175
7 175
7 175
-
pensions
7 890
6 014
7 890
-
health
6 728
5 723
6 728
-
total
21 793
18 912
21 793
-
Employer
43 836
43 836
43 836
-
unemployment
1 578
1 578
1 578
-
health
3 047
3 047
3 047
-
pensions
3 051
3 051
3 051
-
total
7 676
7 676
7 676
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
29 469
26 588
29 469
19 203
After tax
15 031
17 912
15 031
25 297
Living cost
21 504
21 504
21 504
21 504
Free-cash
-6 473
-3 592
-6 473
3 793

Estimated living cost  is ₴21504 per week

₴15239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1939
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3405
₴3329
₴1749
₴3863
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
44
accident
-
-
-
89
national
-
-
-
-
pensions
-
-
-
4 810
health
-
-
-
2 777
municipal
-
-
-
9 426
other
-
-
-
5 171
total
-
-
-
22 317
Employee
29 116
-
33 861
-
national
-
-
-
-
municipal
8 682
-
10 097
-
total
8 682
-
10 097
-
Employer
29 116
-
33 861
-
accident
58
-
68
-
unemployment
769
-
894
-
health
1 791
-
2 083
-
pensions
3 147
-
3 660
-
other
3 383
-
3 935
-
total
9 148
-
10 640
-
Corporate
6 235
44 500
-
-
income
1 372
9 790
-
-
total
1 372
9 790
-
-
Dividends
4 864
34 710
-
-
withholding
1 459
10 413
-
-
total
1 459
10 413
-
-
Income
44 500
44 500
44 500
44 500
Total tax
20 661
20 203
20 737
22 317
After tax
23 839
24 297
23 763
22 183
Living cost
20 434
20 434
20 434
20 434
Free-cash
3 405
3 863
3 329
1 749

Estimated living cost  is ₴20434 per week

₴13543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9338
₴12253
₴8859
₴2126
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
447
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.

-
-
-
3 507
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.

-
-
-
8 128
trade
-
-
-
3 394
total
-
-
-
15 476
Employee

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

26 032
-
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.

2 237
-
8 128
-
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
-
447
-
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.

3 507
-
3 507
-
total
5 867
-
12 082
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
18 468
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.

152
367
-
-
chamber of commerce
104
141
-
-
income
2 770
6 675
-
-
trade
3 038
7 321
-
-
total
6 064
14 504
-
-
Dividends
12 404
29 996
-
-
surtax

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

160
401
-
-
withholding
2 906
7 304
-
-
total
3 066
7 705
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 997
22 209
12 082
15 476
After tax
29 503
22 291
32 418
29 024
Living cost
20 165
20 165
20 165
20 165
Free-cash
9 338
2 126
12 253
8 859

Estimated living cost  is ₴20165 per week

₴13487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13833
₴15806
₴15850
₴15962
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
health
-
-
-
1 135
income
-
-
-
3 923
social contributions
-
-
-
6 942
total
-
-
-
12 000
Employee
39 472
39 472
40 400
-
income
4 145
3 654
3 904
-
social contributions
1 918
3 276
3 353
-
health
393
671
687
-
total
6 456
7 601
7 944
-
Employer
39 472
39 472
40 400
-
social contributions
1 918
3 276
3 353
-
health
428
731
747
-
total
2 346
4 007
4 100
-
Corporate
19 049
1 021
-
-
income
2 381
128
-
-
total
2 381
128
-
-
Dividends
16 668
894
-
-
withholding
2 834
152
-
-
total
2 834
152
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 017
11 888
12 044
12 000
After tax
30 483
32 612
32 456
32 500
Living cost
16 650
16 650
16 650
16 650
Free-cash
13 833
15 962
15 806
15 850

Estimated living cost  is ₴16650 per week

₴11382
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1300
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴15352
₴15834
₴20865
₴15144
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
668
pensions
-
-
-
4 450
health
-
-
-
3 115
income
-
-
-
5 440
total
-
-
-
13 673
Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

14 380
5 723
37 238
-
income
1 758
700
4 552
-
pensions
1 438
572
3 724
-
unemployment
216
86
559
-
health
1 007
401
2 607
-
total
4 419
1 759
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.

14 380
5 723
37 238
-
pensions
2 804
1 116
7 262
-
total
2 804
1 116
7 262
-
Corporate
27 316
37 661
-
-
income
2 458
3 389
-
-
total
2 458
3 389
-
-
Dividends
24 857
34 271
-
-
social contributions
4 782
6 618
-
-
withholding
4 723
6 512
-
-
total
9 505
13 130
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 186
19 394
18 704
13 673
After tax
25 314
25 106
25 796
30 827
Living cost
9 962
9 962
9 962
9 962
Free-cash
15 352
15 144
15 834
20 865

Estimated living cost  is ₴9962 per week

₴6798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴815
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20012
₴13250
₴11453
₴23201
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
pensions
-
-
-
8 900
health
-
-
-
5 785
income
-
-
-
5 963
total
-
-
-
20 648
Employee
14 562
-
33 259
-
income
1 639
-
6 413
-
pensions
291
-
665
-
unemployment
233
-
532
-
total
2 163
-
7 610
-
Employer
14 562
-
33 259
-
unemployment
117
-
266
-
health
1 893
-
4 323
-
pensions
2 913
-
6 652
-
total
4 923
-
11 241
-
Corporate
25 016
44 500
-
-
income
5 003
8 900
-
-
total
5 003
8 900
-
-
Dividends
20 013
35 600
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
12 089
8 900
18 851
20 648
After tax
32 411
35 600
25 649
23 852
Living cost
12 399
12 399
12 399
12 399
Free-cash
20 012
23 201
13 250
11 453

Estimated living cost  is ₴12399 per week

₴8504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1904
₴11529
₴19493
-₴7482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
pensions
-
-
-
2 097
health
-
-
-
1 099
income
-
-
-
10 410
other
-
-
-
187
total
-
-
-
13 920
Employee
17 441
-
37 407
-
income
2 393
-
6 662
-
pensions
1 964
-
3 845
-
health
1 997
-
4 283
-
total
6 354
-
14 790
-
Employer
17 441
-
37 407
-
accident
291
-
625
-
unemployment
427
-
917
-
pensions
2 836
-
5 552
-
total
3 554
-
7 094
-
Corporate
23 505
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.

21 154
40 050
-
-
total
21 154
40 050
-
-
Dividends
2 351
4 450
-
-
withholding
447
845
-
-
total
447
845
-
-
Income
44 500
44 500
44 500
44 500
Total tax
31 509
40 895
21 884
13 920
After tax
12 991
3 605
22 616
30 580
Living cost
11 087
11 087
11 087
11 087
Free-cash
1 904
-7 482
11 529
19 493

Estimated living cost  is ₴11087 per week

₴8126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36908
₴31081
₴39536
₴37756
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 648
-
44 500
-
income
1 130
-
8 900
-
total
1 130
-
8 900
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

38 852
44 500
-
-
total
-
-
-
-
Dividends
38 852
44 500
-
-
withholding
1 943
2 225
-
-
total
1 943
2 225
-
-
Income
44 500
44 500
44 500
44 500
Total tax
3 073
2 225
8 900
445
After tax
41 427
42 275
35 600
44 055
Living cost
4 519
4 519
4 519
4 519
Free-cash
36 908
37 756
31 081
39 536

Estimated living cost  is ₴4519 per week

₴2800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴376
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴124
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1219
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15550
₴12405
₴10418
₴19016
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
pensions

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
health
-
-
-
1 958
income
-
-
-
5 652
other
-
-
-
2 114
total
-
-
-
20 404
Employee
18 638
-
35 543
-
income
3 209
-
6 118
-
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.

1 304
-
2 488
-
unemployment
186
-
356
-
health
261
-
498
-
total
4 960
-
9 460
-
Employer
18 638
-
35 543
-
accident
149
-
284
-
unemployment
186
-
356
-
health
261
-
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.

3 169
-
6 042
-
other
932
-
1 777
-
total
4 697
-
8 957
-
Corporate
21 165
44 500
-
-
income
4 445
9 345
-
-
total
4 445
9 345
-
-
Dividends
16 720
35 155
-
-
withholding
1 170
2 461
-
-
total
1 170
2 461
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 272
11 806
18 417
20 404
After tax
29 228
32 694
26 083
24 096
Living cost
13 678
13 678
13 678
13 678
Free-cash
15 550
19 016
12 405
10 418

Estimated living cost  is ₴13678 per week

₴9664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11474
-₴6678
-₴1701
-₴1451
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
pensions
-
-
-
3 136
income
-
-
-
8 272
total
-
-
-
11 408
Employee
49 227
-
39 310
-
income
8 874
-
7 028
-
pensions
4 749
-
3 559
-
health
811
-
608
-
total
14 434
-
11 195
-
Employer
49 227
-
39 310
-
health
935
-
747
-
pensions
5 812
-
4 443
-
total
6 747
-
5 190
-
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.

-
8 454
-
-
total
-
8 454
-
-
Dividends
-
36 046
-
-
withholding
-
2 704
-
-
total
-
2 704
-
-
Income
44 500
44 500
44 500
44 500
Total tax
21 181
11 158
16 385
11 408
After tax
23 319
33 342
28 115
33 092
Living cost
34 793
34 793
34 793
34 793
Free-cash
-11 474
-1 451
-6 678
-1 701

Estimated living cost  is ₴34793 per week

₴26071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴28644
₴27157
₴25940
₴31103
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
74
pensions

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

-
-
-
2 738
health
-
-
-
2 128
income
-
-
-
6 675
total
-
-
-
11 615
Employee
9 196
-
40 870
-
income
919
-
4 087
-
pensions

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

807
-
1 625
-
accident

We are using the highest rate at 1.1%.

101
-
204
-
health
423
-
851
-
total
2 250
-
6 767
-
Employer
9 196
-
40 870
-
accident

We are using the highest rate at 1.1%.

101
-
204
-
unemployment
55
-
111
-
health
635
-
1 277
-
pensions

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

1 013
-
2 039
-
total
1 804
-
3 631
-
Corporate
33 500
44 500
-
-
income
3 350
4 450
-
-
total
3 350
4 450
-
-
Dividends
30 150
40 050
-
-
withholding
1 507
2 002
-
-
total
1 507
2 002
-
-
Income
44 500
44 500
44 500
44 500
Total tax
8 911
6 452
10 398
11 615
After tax
35 589
38 048
34 102
32 885
Living cost
6 945
6 945
6 945
6 945
Free-cash
28 644
31 103
27 157
25 940

Estimated living cost  is ₴6945 per week

₴4054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴11422
-₴13433
-₴3167
-₴10552
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
pensions
-
-
-
6 014
health
-
-
-
5 761
income
-
-
-
7 428
total
-
-
-
19 203
Employee
47 591
43 836
43 836
-
income

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

7 175
7 175
7 175
-
pensions
6 014
6 014
7 890
-
health
5 937
5 723
6 728
-
total
19 126
18 912
21 793
-
Employer
47 591
43 836
43 836
-
unemployment
1 713
1 578
1 578
-
health
3 307
3 047
3 047
-
pensions
3 312
3 051
3 051
-
total
8 332
7 676
7 676
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
27 458
26 588
29 469
19 203
After tax
17 042
17 912
15 031
25 297
Living cost
28 464
28 464
28 464
28 464
Free-cash
-11 422
-10 552
-13 433
-3 167

Estimated living cost  is ₴28464 per week

₴20997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2542
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4599
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13425
₴9895
₴8986
₴17951
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
health
-
-
-
6 008
solidarity contribution
-
-
-
-
income
-
-
-
3 825
social contributions
-
-
-
12 994
total
-
-
-
22 827
Employee
18 658
-
33 209
-
solidarity contribution
-
-
-
-
income
2 239
-
3 985
-
social contributions
1 213
-
2 159
-
health
2 519
-
4 483
-
total
5 971
-
10 627
-
Employer
18 658
-
33 209
-
social contributions
4 664
-
8 302
-
health
1 679
-
2 989
-
total
6 343
-
11 291
-
Corporate
19 499
44 500
-
-
income
3 705
8 455
-
-
total
3 705
8 455
-
-
Dividends
15 794
36 045
-
-
withholding
2 369
5 407
-
-
total
2 369
5 407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 388
13 862
21 918
22 827
After tax
26 112
30 638
22 582
21 673
Living cost
12 687
12 687
12 687
12 687
Free-cash
13 425
17 951
9 895
8 986

Estimated living cost  is ₴12687 per week

₴8813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴903
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1120
-₴442
₴1675
₴2083
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
8 977
regional
-
-
-
479
municipal
-
-
-
264
social contributions
-
-
-
11 445
total
-
-
-
21 165
Employee
45 621
-
44 500
-
regional
430
-
418
-
national
7 905
-
7 623
-
social contributions
15 383
-
15 005
-
municipal
242
-
236
-
total
23 960
-
23 282
-
Employer
45 621
-
44 500
-
total
-
-
-
-
Corporate
-
44 500
-
-
nationa
-
10 680
-
-
municipal
-
1 736
-
-
total
-
12 416
-
-
Dividends
-
32 084
-
-
withholding
-
8 341
-
-
total
-
8 341
-
-
Income
44 500
44 500
44 500
44 500
Total tax
23 960
20 757
23 282
21 165
After tax
20 540
23 743
21 218
23 335
Living cost
21 660
21 660
21 660
21 660
Free-cash
-1 120
2 083
-442
1 675

Estimated living cost  is ₴21660 per week

₴15099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4808
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15066
₴11415
₴12268
₴16663
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
117
surtax
-
-
-
860
pensions
-
-
-
8 900
health
-
-
-
3 159
income
-
-
-
7 869
other
-
-
-
-
total
-
-
-
20 905
Employee
16 975
-
36 762
-
other
-
-
-
-
income
2 845
-
7 310
-
pensions
1 132
-
2 452
-
surtax
56
-
762
-
unemployment
1 182
-
2 559
-
health
433
-
937
-
total
5 648
-
14 020
-
Employer
16 975
-
36 762
-
unemployment
538
-
1 165
-
health
772
-
1 673
-
pensions
2 263
-
4 900
-
other
-
-
-
-
total
3 573
-
7 738
-
Corporate
23 952
44 500
-
-
income
6 228
11 570
-
-
total
6 228
11 570
-
-
Dividends
17 724
32 930
-
-
withholding
2 658
4 940
-
-
total
2 658
4 940
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 107
16 510
21 758
20 905
After tax
26 393
27 990
22 742
23 595
Living cost
11 327
11 327
11 327
11 327
Free-cash
15 066
16 663
11 415
12 268

Estimated living cost  is ₴11327 per week

₴6926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1045
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.
₴3095
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5477
₴4345
₴9322
₴9572
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
pensions
-
-
-
3 136
income
-
-
-
8 272
total
-
-
-
11 408
Employee
32 991
-
39 310
-
income
5 942
-
7 028
-
pensions
2 800
-
3 559
-
health
479
-
608
-
total
9 221
-
11 195
-
Employer
32 991
-
39 310
-
health
627
-
747
-
pensions
3 571
-
4 443
-
total
4 198
-
5 190
-
Corporate
7 311
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.

1 389
8 454
-
-
total
1 389
8 454
-
-
Dividends
5 922
36 046
-
-
withholding
445
2 704
-
-
total
445
2 704
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 253
11 158
16 385
11 408
After tax
29 247
33 342
28 115
33 092
Living cost
23 770
23 770
23 770
23 770
Free-cash
5 477
9 572
4 345
9 322

Estimated living cost  is ₴23770 per week

₴17808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1782
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3931
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7622
-₴5564
-₴3288
-₴20316
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
194
pensions
-
-
-
4 093
health
-
-
-
133
regional
-
-
-
1 344
city
-
-
-
469
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
total
-
-
-
7 123
Employee
47 589
-
39 829
-
pensions
3 998
-
3 346
-
regional
1 558
-
1 138
-
national
225
-
164
-
unemployment
-
-
-
-
health
108
-
90
-
city
511
-
428
-
total
6 400
-
5 166
-
Employer
47 589
-
39 829
-
unemployment
-
-
-
-
health
108
-
90
-
pensions
3 998
-
3 346
-
other

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

951
-
797
-
total
5 057
-
4 233
-
Corporate
-
44 500
-
-
national
-
3 783
-
-
regional
-
9 411
-
-
total
-
13 194
-
-
Dividends
-
31 306
-
-
withholding
-
10 957
-
-
total
-
10 957
-
-
Income
44 500
44 500
44 500
44 500
Total tax
11 457
24 151
9 399
7 123
After tax
33 043
20 349
35 101
37 377
Living cost
40 665
40 665
40 665
40 665
Free-cash
-7 622
-20 316
-5 564
-3 288

Estimated living cost  is ₴40665 per week

₴26444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3649
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴499
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10073
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴6868
₴8902
₴5363
-₴1453
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
447
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.

-
-
-
3 507
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.

-
-
-
8 128
trade
-
-
-
3 539
total
-
-
-
15 621
Employee

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

30 850
-
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.

3 628
-
8 128
-
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.

200
-
447
-
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.

3 507
-
3 507
-
total
7 335
-
12 082
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
13 650
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.

113
367
-
-
chamber of commerce
97
140
-
-
income
2 048
6 675
-
-
trade
2 341
7 631
-
-
total
4 599
14 813
-
-
Dividends
9 051
29 686
-
-
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.

114
397
-
-
withholding
2 068
7 227
-
-
total
2 182
7 624
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 116
22 437
12 082
15 621
After tax
30 384
22 063
32 418
28 879
Living cost
23 516
23 516
23 516
23 516
Free-cash
6 868
-1 453
8 902
5 363

Estimated living cost  is ₴23516 per week

₴17175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1881
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.
₴4155
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7898
₴8286
₴8260
₴4866
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
12 312
health
-
-
-
448
income
-
-
-
3 272
social contributions
-
-
-
1 267
other
-
-
-
1 379
total
-
-
-
18 678
Employee
21 969
-
33 910
-
income
1 297
-
3 261
-
pensions
2 484
-
3 835
-
surtax
-
-
-
-
social contributions
626
-
966
-
total
4 407
-
8 062
-
Employer
21 969
-
33 910
-
unemployment
889
-
1 374
-
social contributions
66
-
101
-
health
1 538
-
2 374
-
pensions
3 609
-
5 571
-
other
758
-
1 170
-
total
6 860
-
10 590
-
Corporate
15 670
44 500
-
-
surtax
-
-
-
-
income
4 387
12 460
-
-
total
4 387
12 460
-
-
Dividends
11 282
32 040
-
-
surtax
-
-
-
-
social contributions
1 941
5 511
-
-
withholding
1 445
4 101
-
-
total
3 386
9 612
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 040
22 072
18 652
18 678
After tax
25 460
22 428
25 848
25 822
Living cost
17 562
17 562
17 562
17 562
Free-cash
7 898
4 866
8 286
8 260

Estimated living cost  is ₴17562 per week

₴11074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴9460
₴10026
₴10000
₴6606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
12 312
health
-
-
-
448
income
-
-
-
3 272
social contributions
-
-
-
1 267
other
-
-
-
1 379
total
-
-
-
18 678
Employee
19 611
-
33 910
-
income
1 011
-
3 261
-
pensions
2 218
-
3 835
-
surtax
-
-
-
-
social contributions
559
-
966
-
total
3 788
-
8 062
-
Employer
19 611
-
33 910
-
unemployment
794
-
1 374
-
social contributions
58
-
101
-
health
1 373
-
2 374
-
pensions
3 222
-
5 571
-
other
677
-
1 170
-
total
6 124
-
10 590
-
Corporate
18 765
44 500
-
-
surtax
-
-
-
-
income
5 254
12 460
-
-
total
5 254
12 460
-
-
Dividends
13 510
32 040
-
-
surtax
-
-
-
-
social contributions
2 323
5 511
-
-
withholding
1 729
4 101
-
-
total
4 052
9 612
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 218
22 072
18 652
18 678
After tax
25 282
22 428
25 848
25 822
Living cost
15 822
15 822
15 822
15 822
Free-cash
9 460
6 606
10 026
10 000

Estimated living cost  is ₴15822 per week

₴9176
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.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16530
₴18124
₴17693
₴16263
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
health
-
-
-
3 106
income
-
-
-
6 675
social contributions
-
-
-
6 141
total
-
-
-
15 922
Employee
17 405
-
44 500
-
income
2 903
-
6 244
-
social contributions
2 402
-
6 141
-
health
1 215
-
3 106
-
total
6 520
-
15 491
-
Employer
17 405
-
44 500
-
total
-
-
-
-
Corporate
27 095
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%.

1 355
2 225
-
-
total
1 355
2 225
-
-
Dividends
25 740
42 275
-
-
social contributions
3 553
5 834
-
-
withholding
3 861
6 342
-
-
health
1 796
2 951
-
-
total
9 210
15 127
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 085
17 352
15 491
15 922
After tax
27 415
27 148
29 009
28 578
Living cost
10 885
10 885
10 885
10 885
Free-cash
16 530
16 263
18 124
17 693

Estimated living cost  is ₴10885 per week

₴7285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴671
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2678
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6179
-₴3437
₴5175
₴6972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3 148
surtax
-
-
-
101
pensions
-
-
-
8 232
health
-
-
-
3 405
income
-
-
-
6 174
chamber of commerce
-
-
-
178
total
-
-
-
21 238
Employee
25 654
20 457
34 475
-
other
256
205
345
-
income
2 920
1 509
5 448
-
pensions
2 627
2 094
3 530
-
unemployment
770
614
1 035
-
health
993
792
1 335
-
total
7 566
5 214
11 693
-
Employer
25 654
20 457
34 475
-
chamber of commerce
102
82
138
-
surtax
101
101
101
-
accident
333
266
448
-
payroll
770
614
1 035
-
unemployment
770
614
1 035
-
health
969
773
1 303
-
pensions
3 219
2 568
4 327
-
other
1 219
971
1 638
-
total
7 483
5 989
10 025
-
Corporate
11 363
18 054
32 527
-
income

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

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

2 841
4 514
8 132
-
total
2 841
4 514
8 132
-
Dividends
8 523
13 540
-
-
withholding
2 344
3 724
-
-
total
2 344
3 724
-
-
Income
44 500
44 500
44 500
44 500
Total tax
20 234
19 441
29 850
21 238
After tax
24 266
25 059
14 650
23 262
Living cost
18 087
18 087
18 087
18 087
Free-cash
6 179
6 972
-3 437
5 175

Estimated living cost  is ₴18087 per week

₴12064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1543
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.
₴4184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2907
-₴958
₴2943
₴6266
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
13 992
communal

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

-
-
-
2 276
social contributions
-
-
-
6 573
total
-
-
-
22 841
Employee

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

36 718
-
34 466
-
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.

2 754
-
2 585
-
communal

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

1 915
-
1 797
-
national
11 289
-
10 407
-
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.

320
-
300
-
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.

1 725
-
1 620
-
total
18 003
-
16 709
-
Employer

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

36 718
-
34 466
-
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.

477
-
448
-
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.

536
-
504
-
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.

2 258
-
2 119
-
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.

3 254
-
3 054
-
surtax
4 163
-
3 908
-
total
10 688
-
10 033
-
Corporate
-
44 500
-
-
surtax
-
178
-
-
income
-
8 900
-
-
total
-
9 078
-
-
Dividends
-
35 422
-
-
withholding

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

-
10 440
-
-
total
-
10 440
-
-
Income
44 500
44 500
44 500
44 500
Total tax
28 691
19 518
26 742
22 841
After tax
15 809
24 982
17 758
21 659
Living cost
18 716
18 716
18 716
18 716
Free-cash
-2 907
6 266
-958
2 943

Estimated living cost  is ₴18716 per week

₴12056
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4731
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7370
₴5369
₴5054
₴11461
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
312
accident
-
-
-
400
pensions
-
-
-
12 593
income
-
-
-
7 558
other
-
-
-
45
total
-
-
-
20 908
Employee
25 552
-
33 743
-
other
25
-
34
-
income
5 391
-
7 693
-
pensions
1 201
-
1 586
-
unemployment
396
-
523
-
total
7 013
-
9 836
-
Employer
25 552
-
33 743
-
accident
506
-
668
-
unemployment
1 406
-
1 856
-
pensions
6 030
-
7 963
-
other
204
-
270
-
total
8 146
-
10 757
-
Corporate
10 803
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.

1 621
6 675
-
-
total
1 621
6 675
-
-
Dividends
9 183
37 825
-
-
withholding
1 812
7 826
-
-
total
1 812
7 826
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 592
14 501
20 593
20 908
After tax
25 908
29 999
23 907
23 592
Living cost
18 538
18 538
18 538
18 538
Free-cash
7 370
11 461
5 369
5 054

Estimated living cost  is ₴18538 per week

₴13651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1315
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3650
₴498
-₴1673
-₴471
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
accident
-
-
-
375
surtax
-
-
-
2 206
pensions
-
-
-
6 670
communal
-
-
-
2 812
health
-
-
-
3 127
income
-
-
-
3 087
total
-
-
-
18 277
Employee
38 873
-
39 750
-
income
3 755
-
3 970
-
pensions
3 109
-
3 180
-
surtax
2 383
-
2 436
-
health
1 730
-
1 769
-
total
10 977
-
11 355
-
Employer
38 873
-
39 750
-
accident
350
-
358
-
health
1 186
-
1 213
-
pensions
3 109
-
3 180
-
total
4 645
-
4 751
-
Corporate
982
44 500
-
-
surtax
11
468
-
-
communal
-
3 004
-
-
income
147
6 675
-
-
total
158
10 147
-
-
Dividends
824
34 354
-
-
income
4 350
1 775
-
-
withholding
124
5 153
-
-
total
4 474
6 928
-
-
Income
44 500
44 500
44 500
44 500
Total tax
20 254
17 075
16 106
18 277
After tax
24 246
27 425
28 394
26 223
Living cost
27 896
27 896
27 896
27 896
Free-cash
-3 650
-471
498
-1 673

Estimated living cost  is ₴27896 per week

₴20926
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14830
₴11212
₴12065
₴16460
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
117
surtax
-
-
-
860
pensions
-
-
-
8 900
health
-
-
-
3 159
income
-
-
-
7 869
other
-
-
-
-
total
-
-
-
20 905
Employee
17 287
-
36 762
-
other
-
-
-
-
income
2 898
-
7 310
-
pensions
1 153
-
2 452
-
surtax
61
-
762
-
unemployment
1 203
-
2 559
-
health
441
-
937
-
total
5 756
-
14 020
-
Employer
17 287
-
36 762
-
unemployment
548
-
1 165
-
health
786
-
1 673
-
pensions
2 305
-
4 900
-
other
-
-
-
-
total
3 639
-
7 738
-
Corporate
23 574
44 500
-
-
income
6 129
11 570
-
-
total
6 129
11 570
-
-
Dividends
17 445
32 930
-
-
withholding
2 616
4 940
-
-
total
2 616
4 940
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 140
16 510
21 758
20 905
After tax
26 360
27 990
22 742
23 595
Living cost
11 530
11 530
11 530
11 530
Free-cash
14 830
16 460
11 212
12 065

Estimated living cost  is ₴11530 per week

₴6961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1002
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3299
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8423
₴7209
₴9315
₴9563
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
8 977
regional
-
-
-
671
municipal
-
-
-
264
social contributions
-
-
-
11 445
total
-
-
-
21 357
Employee
28 475
-
44 500
-
regional
383
-
599
-
national
4 511
-
7 623
-
social contributions
9 602
-
15 005
-
municipal
151
-
236
-
total
14 647
-
23 463
-
Employer
28 475
-
44 500
-
total
-
-
-
-
Corporate
16 025
44 500
-
-
nationa
3 846
10 680
-
-
municipal
797
2 211
-
-
total
4 643
12 891
-
-
Dividends
11 383
31 608
-
-
withholding
2 959
8 218
-
-
total
2 959
8 218
-
-
Income
44 500
44 500
44 500
44 500
Total tax
22 249
21 109
23 463
21 357
After tax
22 251
23 391
21 037
23 143
Living cost
13 828
13 828
13 828
13 828
Free-cash
8 423
9 563
7 209
9 315

Estimated living cost  is ₴13828 per week

₴8600
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9427
₴6948
₴6039
₴15004
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
health
-
-
-
6 008
solidarity contribution
-
-
-
-
income
-
-
-
3 825
social contributions
-
-
-
12 994
total
-
-
-
22 827
Employee
22 991
-
33 209
-
solidarity contribution
-
-
-
-
income
2 759
-
3 985
-
social contributions
1 494
-
2 159
-
health
3 104
-
4 483
-
total
7 357
-
10 627
-
Employer
22 991
-
33 209
-
social contributions
5 748
-
8 302
-
health
2 069
-
2 989
-
total
7 817
-
11 291
-
Corporate
13 692
44 500
-
-
income
2 601
8 455
-
-
total
2 601
8 455
-
-
Dividends
11 090
36 045
-
-
withholding
1 664
5 407
-
-
total
1 664
5 407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 439
13 862
21 918
22 827
After tax
25 061
30 638
22 582
21 673
Living cost
15 634
15 634
15 634
15 634
Free-cash
9 427
15 004
6 948
6 039

Estimated living cost  is ₴15634 per week

₴11626
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8484
-₴1700
₴6986
₴8737
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3 148
surtax
-
-
-
-
pensions
-
-
-
8 232
health
-
-
-
3 405
income
-
-
-
6 174
chamber of commerce
-
-
-
178
total
-
-
-
21 137
Employee
22 439
20 457
34 555
-
other
224
205
346
-
income
1 999
1 509
5 472
-
pensions
2 298
2 094
3 538
-
unemployment
673
614
1 036
-
health
868
792
1 337
-
total
6 062
5 214
11 729
-
Employer
22 439
20 457
34 555
-
chamber of commerce
90
82
138
-
surtax
-
-
-
-
accident
291
266
449
-
payroll
673
614
1 036
-
unemployment
673
614
1 036
-
health
848
773
1 306
-
pensions
2 816
2 568
4 337
-
other
1 066
971
1 641
-
total
6 457
5 888
9 943
-
Corporate
15 604
18 156
32 607
-
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.

3 901
4 539
8 151
-
total
3 901
4 539
8 151
-
Dividends
11 702
13 616
-
-
withholding
3 219
3 745
-
-
total
3 219
3 745
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 639
19 386
29 823
21 137
After tax
24 861
25 114
14 677
23 363
Living cost
16 377
16 377
16 377
16 377
Free-cash
8 484
8 737
-1 700
6 986

Estimated living cost  is ₴16377 per week

₴9824
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.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4588
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33912
₴28558
₴37013
₴35233
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
44 500
microenterprise

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

-
-
-
445
total
-
-
-
445
Employee
8 802
-
44 500
-
income
1 761
-
8 900
-
total
1 761
-
8 900
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

35 698
44 500
-
-
total
-
-
-
-
Dividends
35 698
44 500
-
-
withholding
1 785
2 225
-
-
total
1 785
2 225
-
-
Income
44 500
44 500
44 500
44 500
Total tax
3 546
2 225
8 900
445
After tax
40 954
42 275
35 600
44 055
Living cost
7 042
7 042
7 042
7 042
Free-cash
33 912
35 233
28 558
37 013

Estimated living cost  is ₴7042 per week

₴4765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴296
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.
₴1745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12576
₴8279
₴9554
₴16871
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
67
pensions
-
-
-
8 127
health
-
-
-
4 380
income
-
-
-
8 604
total
-
-
-
21 178
Employee

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

22 699
-
38 504
-
income
3 914
-
7 948
-
pensions
3 519
-
5 968
-
unemployment
32
-
54
-
health
1 466
-
2 488
-
total
8 931
-
16 458
-
Employer

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

22 699
-
38 504
-
unemployment
14
-
23
-
health
1 512
-
2 565
-
pensions
2 009
-
3 407
-
total
3 535
-
5 995
-
Corporate
18 267
44 500
-
-
income
3 471
8 455
-
-
total
3 471
8 455
-
-
Dividends
14 796
36 045
-
-
withholding
2 219
5 406
-
-
total
2 219
5 406
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 156
13 861
22 453
21 178
After tax
26 344
30 639
22 047
23 322
Living cost
13 768
13 768
13 768
13 768
Free-cash
12 576
16 871
8 279
9 554

Estimated living cost  is ₴13768 per week

₴9449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3171
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴38624
₴13111
₴6698
₴3019
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
34 491
-
-
-
income
7 608
-
-
-
social contributions
2 828
-
403
-
total
10 436
-
403
-
Employer
34 491
-
-
-
social contributions
48 633
-
6 931
-
total
48 633
-
6 931
-
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
59 069
17 426
7 334
13 747
After tax
-14 569
27 074
37 166
30 753
Living cost
24 055
24 055
24 055
24 055
Free-cash
-38 624
3 019
13 111
6 698

Estimated living cost  is ₴24055 per week

₴15608
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8693
₴6992
₴8991
₴9210
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
3 944
social contributions

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

-
-
-
15 464
total
-
-
-
19 408
Employee
23 609
-
35 960
-
income
4 911
-
8 911
-
surtax
-
-
-
-
social contributions
2 597
-
3 956
-
total
7 508
-
12 867
-
Employer
23 609
-
35 960
-
social contributions
5 607
-
8 540
-
total
5 607
-
8 540
-
Corporate
15 284
44 500
-
-
surtax
-
-
-
-
income
3 210
9 345
-
-
total
3 210
9 345
-
-
Dividends
12 074
35 155
-
-
withholding
3 381
9 844
-
-
total
3 381
9 844
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 706
19 189
21 407
19 408
After tax
24 794
25 311
23 093
25 092
Living cost
16 101
16 101
16 101
16 101
Free-cash
8 693
9 210
6 992
8 991

Estimated living cost  is ₴16101 per week

₴12047
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴950
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.
₴2836
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1164
₴1055
₴1029
-₴2365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
pensions
-
-
-
12 312
health
-
-
-
448
income
-
-
-
3 272
social contributions
-
-
-
1 267
other
-
-
-
1 379
total
-
-
-
18 678
Employee
32 150
-
33 910
-
income
2 805
-
3 261
-
pensions
3 636
-
3 835
-
surtax
-
-
-
-
social contributions
916
-
966
-
total
7 357
-
8 062
-
Employer
32 150
-
33 910
-
unemployment
1 302
-
1 374
-
social contributions
96
-
101
-
health
2 250
-
2 374
-
pensions
5 283
-
5 571
-
other
1 110
-
1 170
-
total
10 041
-
10 590
-
Corporate
2 308
44 500
-
-
surtax
-
-
-
-
income
647
12 460
-
-
total
647
12 460
-
-
Dividends
1 662
32 040
-
-
surtax
-
-
-
-
social contributions
286
5 511
-
-
withholding
212
4 101
-
-
total
498
9 612
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 543
22 072
18 652
18 678
After tax
25 957
22 428
25 848
25 822
Living cost
24 793
24 793
24 793
24 793
Free-cash
1 164
-2 365
1 055
1 029

Estimated living cost  is ₴24793 per week

₴16779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2028
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22896
₴19962
₴18713
₴24620
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
567
social contributions
-
-
-
9 790
total
-
-
-
10 357
Employee
16 503
-
38 528
-
income
-
-
632
-
social contributions
1 073
-
2 504
-
total
1 073
-
3 136
-
Employer
16 503
-
38 528
-
social contributions
2 558
-
5 972
-
total
2 558
-
5 972
-
Corporate
25 439
44 500
-
-
income
2 543
4 450
-
-
total
2 543
4 450
-
-
Dividends
22 896
40 050
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
6 174
4 450
9 108
10 357
After tax
38 326
40 050
35 392
34 143
Living cost
15 430
15 430
15 430
15 430
Free-cash
22 896
24 620
19 962
18 713

Estimated living cost  is ₴15430 per week

₴9977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1163
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴67072
-₴67072
₴3253
-₴67072
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
4 617
pensions
-
-
-
444
municipal
-
-
-
8 000
labour market
-
-
-
3 524
total
-
-
-
16 585
Employee
104 092
104 092
104 092
-
labour market
8 316
8 316
8 316
-
pensions
148
148
148
-
national
12 717
12 717
12 717
-
municipal
22 166
22 166
22 166
-
total
43 347
43 347
43 347
-
Employer
104 092
104 092
104 092
-
labour market
8 327
8 327
8 327
-
national
12 739
12 739
12 739
-
municipal
22 201
22 201
22 201
-
pensions
296
296
296
-
total
43 563
43 563
43 563
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
86 910
86 910
86 910
16 585
After tax
-42 410
-42 410
-42 410
27 915
Living cost
24 662
24 662
24 662
24 662
Free-cash
-67 072
-67 072
-67 072
3 253

Estimated living cost  is ₴24662 per week

₴16879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2182
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴379
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1928
₴11692
₴19656
-₴7319
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
pensions
-
-
-
2 097
health
-
-
-
1 099
income
-
-
-
10 410
other
-
-
-
187
total
-
-
-
13 920
Employee
17 184
-
37 407
-
income
2 357
-
6 662
-
pensions
1 935
-
3 845
-
health
1 968
-
4 283
-
total
6 260
-
14 790
-
Employer
17 184
-
37 407
-
accident
287
-
625
-
unemployment
421
-
917
-
pensions
2 794
-
5 552
-
total
3 502
-
7 094
-
Corporate
23 814
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.

21 433
40 050
-
-
total
21 433
40 050
-
-
Dividends
2 382
4 450
-
-
withholding
453
845
-
-
total
453
845
-
-
Income
44 500
44 500
44 500
44 500
Total tax
31 648
40 895
21 884
13 920
After tax
12 852
3 605
22 616
30 580
Living cost
10 924
10 924
10 924
10 924
Free-cash
1 928
-7 319
11 692
19 656

Estimated living cost  is ₴10924 per week

₴7951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8580
₴6220
₴12657
₴10402
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
3 739
health
-
-
-
471
municipal
-
-
-
7 925
total
-
-
-
12 135
Employee
27 007
-
37 436
-
pensions
1 823
-
2 527
-
national
446
-
1 940
-
unemployment
405
-
561
-
municipal
4 423
-
6 118
-
health
202
-
362
-
total
7 299
-
11 508
-
Employer
27 007
-
37 436
-
accident
27
-
37
-
unemployment
175
-
244
-
health
207
-
288
-
pensions
4 686
-
6 495
-
total
5 095
-
7 064
-
Corporate
12 397
44 500
-
-
income
2 479
8 900
-
-
total
2 479
8 900
-
-
Dividends

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

7 439
26 700
-
-
national
-
684
-
-
municipal
1 339
4 806
-
-
total
1 339
5 490
-
-
Income
44 500
44 500
44 500
44 500
Total tax
16 212
14 390
18 572
12 135
After tax
28 288
30 110
25 928
32 365
Living cost
19 708
19 708
19 708
19 708
Free-cash
8 580
10 402
6 220
12 657

Estimated living cost  is ₴19708 per week

₴12873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1896
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4626
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17935
₴20571
₴20615
₴20727
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
health
-
-
-
1 135
income
-
-
-
3 923
social contributions
-
-
-
6 942
total
-
-
-
12 000
Employee
39 472
39 472
40 400
-
income
4 298
3 654
3 904
-
social contributions
1 492
3 276
3 353
-
health
306
671
687
-
total
6 096
7 601
7 944
-
Employer
39 472
39 472
40 400
-
social contributions
1 492
3 276
3 353
-
health
332
731
747
-
total
1 824
4 007
4 100
-
Corporate
24 695
1 021
-
-
income
3 087
128
-
-
total
3 087
128
-
-
Dividends
21 608
894
-
-
withholding
3 673
152
-
-
total
3 673
152
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 680
11 888
12 044
12 000
After tax
29 820
32 612
32 456
32 500
Living cost
11 885
11 885
11 885
11 885
Free-cash
17 935
20 727
20 571
20 615

Estimated living cost  is ₴11885 per week

₴7123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1166
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26089
₴19321
₴27063
₴28701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
15
pensions
-
-
-
3 265
health
-
-
-
1 858
income
-
-
-
4 149
total
-
-
-
9 287
Employee

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

11 782
-
40 344
-
income
806
-
3 191
-
pensions
1 767
-
6 051
-
unemployment
58
-
202
-
health
1 001
-
3 429
-
total
3 632
-
12 873
-
Employer

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

11 782
-
40 344
-
unemployment
58
-
202
-
health
507
-
1 735
-
pensions
648
-
2 219
-
total
1 213
-
4 156
-
Corporate
31 505
44 500
-
-
income
2 836
4 005
-
-
total
2 836
4 005
-
-
Dividends
28 669
40 495
-
-
withholding
2 580
3 644
-
-
total
2 580
3 644
-
-
Income
44 500
44 500
44 500
44 500
Total tax
10 261
7 649
17 029
9 287
After tax
34 239
36 851
27 471
35 213
Living cost
8 150
8 150
8 150
8 150
Free-cash
26 089
28 701
19 321
27 063

Estimated living cost  is ₴8150 per week

₴5200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13191
₴9791
₴9476
₴15883
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
312
accident
-
-
-
400
pensions
-
-
-
12 593
income
-
-
-
7 558
other
-
-
-
45
total
-
-
-
20 908
Employee
18 981
-
33 743
-
other
19
-
34
-
income
3 659
-
7 693
-
pensions
892
-
1 586
-
unemployment
294
-
523
-
total
4 864
-
9 836
-
Employer
18 981
-
33 743
-
accident
376
-
668
-
unemployment
1 044
-
1 856
-
pensions
4 479
-
7 963
-
other
152
-
270
-
total
6 051
-
10 757
-
Corporate
19 468
44 500
-
-
income

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

2 920
6 675
-
-
total
2 920
6 675
-
-
Dividends
16 548
37 825
-
-
withholding
3 358
7 826
-
-
total
3 358
7 826
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 193
14 501
20 593
20 908
After tax
27 307
29 999
23 907
23 592
Living cost
14 116
14 116
14 116
14 116
Free-cash
13 191
15 883
9 791
9 476

Estimated living cost  is ₴14116 per week

₴9528
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2984
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26741
₴27463
₴27526
₴26886
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
pensions
-
-
-
643
health
-
-
-
466
income
-
-
-
14 983
total
-
-
-
16 092
Employee
1 343
-
43 776
-
income
260
-
14 949
-
pensions
121
-
289
-
unemployment
13
-
32
-
health
67
-
161
-
total
461
-
15 431
-
Employer
1 343
-
43 776
-
unemployment
27
-
64
-
health
128
-
306
-
pensions
148
-
354
-
total
303
-
724
-
Corporate
42 854
44 500
-
-
income
9 428
9 790
-
-
total
9 428
9 790
-
-
Dividends
33 426
34 710
-
-
withholding
6 685
6 942
-
-
total
6 685
6 942
-
-
Income
44 500
44 500
44 500
44 500
Total tax
16 877
16 732
16 155
16 092
After tax
27 623
27 768
28 345
28 408
Living cost
882
882
882
882
Free-cash
26 741
26 886
27 463
27 526

Estimated living cost  is ₴882 per week

₴524
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴71
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20800
₴13911
₴13905
₴23313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
567
pensions
-
-
-
9 820
health
-
-
-
3 890
income
-
-
-
7 480
total
-
-
-
21 757
Employee

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

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

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

13 328
-
37 744
-
income
1 837
-
7 484
-
pensions
1 866
-
5 284
-
unemployment
100
-
283
-
health
686
-
1 944
-
total
4 489
-
14 995
-
Employer

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

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

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

13 328
-
37 744
-
unemployment
100
-
283
-
health
686
-
1 944
-
pensions
1 599
-
4 529
-
total
2 385
-
6 756
-
Corporate
28 786
44 500
-
-
income
4 318
6 675
-
-
total
4 318
6 675
-
-
Dividends
24 468
37 825
-
-
withholding
3 670
5 674
-
-
total
3 670
5 674
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 862
12 349
21 751
21 757
After tax
29 638
32 151
22 749
22 743
Living cost
8 838
8 838
8 838
8 838
Free-cash
20 800
23 313
13 911
13 905

Estimated living cost  is ₴8838 per week

₴5951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴684
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.
₴1948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11288
₴9254
₴11253
₴11472
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
3 944
social contributions

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

-
-
-
15 464
total
-
-
-
19 408
Employee
19 923
-
35 960
-
income
3 893
-
8 911
-
surtax
-
-
-
-
social contributions
2 192
-
3 956
-
total
6 085
-
12 867
-
Employer
19 923
-
35 960
-
social contributions
4 731
-
8 540
-
total
4 731
-
8 540
-
Corporate
19 846
44 500
-
-
surtax
-
-
-
-
income
4 167
9 345
-
-
total
4 167
9 345
-
-
Dividends
15 678
35 155
-
-
withholding
4 390
9 844
-
-
total
4 390
9 844
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 373
19 189
21 407
19 408
After tax
25 127
25 311
23 093
25 092
Living cost
13 839
13 839
13 839
13 839
Free-cash
11 288
11 472
9 254
11 253

Estimated living cost  is ₴13839 per week

₴9802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴961
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8043
₴5867
₴5552
₴11959
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
312
accident
-
-
-
400
pensions
-
-
-
12 593
income
-
-
-
7 558
other
-
-
-
45
total
-
-
-
20 908
Employee
24 791
-
33 743
-
other
24
-
34
-
income
5 178
-
7 693
-
pensions
1 165
-
1 586
-
unemployment
384
-
523
-
total
6 751
-
9 836
-
Employer
24 791
-
33 743
-
accident
491
-
668
-
unemployment
1 364
-
1 856
-
pensions
5 851
-
7 963
-
other
199
-
270
-
total
7 905
-
10 757
-
Corporate
11 805
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.

1 771
6 675
-
-
total
1 771
6 675
-
-
Dividends
10 034
37 825
-
-
withholding
1 990
7 826
-
-
total
1 990
7 826
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 417
14 501
20 593
20 908
After tax
26 083
29 999
23 907
23 592
Living cost
18 040
18 040
18 040
18 040
Free-cash
8 043
11 959
5 867
5 552

Estimated living cost  is ₴18040 per week

₴12956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25706
₴24990
₴23773
₴28936
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
74
pensions

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

-
-
-
2 738
health
-
-
-
2 128
income
-
-
-
6 675
total
-
-
-
11 615
Employee
12 065
-
40 870
-
income
1 207
-
4 087
-
pensions

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

1 059
-
1 625
-
accident

We are using the highest rate at 1.1%.

133
-
204
-
health
555
-
851
-
total
2 954
-
6 767
-
Employer
12 065
-
40 870
-
accident

We are using the highest rate at 1.1%.

133
-
204
-
unemployment
72
-
111
-
health
833
-
1 277
-
pensions

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

1 330
-
2 039
-
total
2 368
-
3 631
-
Corporate
30 068
44 500
-
-
income
3 007
4 450
-
-
total
3 007
4 450
-
-
Dividends
27 061
40 050
-
-
withholding
1 353
2 002
-
-
total
1 353
2 002
-
-
Income
44 500
44 500
44 500
44 500
Total tax
9 682
6 452
10 398
11 615
After tax
34 818
38 048
34 102
32 885
Living cost
9 112
9 112
9 112
9 112
Free-cash
25 706
28 936
24 990
23 773

Estimated living cost  is ₴9112 per week

₴6026
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2347
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9875
₴12600
₴9639
₴3159
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
447
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.

-
-
-
3 507
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.

-
-
-
8 128
trade
-
-
-
2 961
total
-
-
-
15 043
Employee

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

25 541
-
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.

2 100
-
8 128
-
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.

116
-
447
-
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.

3 507
-
3 507
-
total
5 723
-
12 082
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
18 959
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.

157
367
-
-
chamber of commerce
106
143
-
-
income
2 843
6 675
-
-
trade
2 721
6 385
-
-
total
5 827
13 570
-
-
Dividends
13 132
30 929
-
-
surtax

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

169
415
-
-
withholding
3 088
7 538
-
-
total
3 257
7 953
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 807
21 523
12 082
15 043
After tax
29 693
22 977
32 418
29 457
Living cost
19 818
19 818
19 818
19 818
Free-cash
9 875
3 159
12 600
9 639

Estimated living cost  is ₴19818 per week

₴13671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
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.
₴3727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3041
₴2129
₴2129
₴1910
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
9 316
social contributions
-
-
-
3 814
total
-
-
-
13 130
Employee
40 153
-
44 500
-
income
7 577
-
9 316
-
social contributions
3 336
-
3 814
-
total
10 913
-
13 130
-
Employer
40 153
-
44 500
-
total
-
-
-
-
Corporate
4 347
44 500
-
-
income
544
5 562
-
-
total
544
5 562
-
-
Dividends
3 803
38 938
-
-
withholding
761
7 787
-
-
total
761
7 787
-
-
Income
44 500
44 500
44 500
44 500
Total tax
12 218
13 349
13 130
13 130
After tax
32 282
31 151
31 370
31 370
Living cost
29 241
29 241
29 241
29 241
Free-cash
3 041
1 910
2 129
2 129

Estimated living cost  is ₴29241 per week

₴22246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2383
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10273
₴13941
₴7999
₴7579
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 255
income
-
-
-
14 612
total
-
-
-
17 867
Employee
23 548
-
42 139
-
income
2 555
-
7 203
-
social contributions
2 359
-
2 361
-
total
4 914
-
9 564
-
Employer
23 548
-
42 139
-
social contributions
2 359
-
2 361
-
total
2 359
-
2 361
-
Corporate
18 593
44 500
-
-
income
6 507
15 575
-
-
total
6 507
15 575
-
-
Dividends
12 085
28 925
-
-
social contributions
1 813
2 712
-
-
total
1 813
2 712
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 593
18 287
11 925
17 867
After tax
28 907
26 213
32 575
26 633
Living cost
18 634
18 634
18 634
18 634
Free-cash
10 273
7 579
13 941
7 999

Estimated living cost  is ₴18634 per week

₴12274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1469
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.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11082
₴8791
₴13768
₴14018
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
pensions
-
-
-
3 136
income
-
-
-
8 272
total
-
-
-
11 408
Employee
26 525
-
39 310
-
income
4 830
-
7 028
-
pensions
2 025
-
3 559
-
health
346
-
608
-
total
7 201
-
11 195
-
Employer
26 525
-
39 310
-
health
504
-
747
-
pensions
2 680
-
4 443
-
total
3 184
-
5 190
-
Corporate
14 791
44 500
-
-
income

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

2 811
8 454
-
-
total
2 811
8 454
-
-
Dividends
11 980
36 046
-
-
withholding
898
2 704
-
-
total
898
2 704
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 094
11 158
16 385
11 408
After tax
30 406
33 342
28 115
33 092
Living cost
19 324
19 324
19 324
19 324
Free-cash
11 082
14 018
8 791
13 768

Estimated living cost  is ₴19324 per week

₴13256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1777
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4048
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴1764
₴10611
₴18575
-₴8400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
pensions
-
-
-
2 097
health
-
-
-
1 099
income
-
-
-
10 410
other
-
-
-
187
total
-
-
-
13 920
Employee
18 884
-
37 407
-
income
2 591
-
6 662
-
pensions
2 126
-
3 845
-
health
2 162
-
4 283
-
total
6 879
-
14 790
-
Employer
18 884
-
37 407
-
accident
315
-
625
-
unemployment
463
-
917
-
pensions
3 070
-
5 552
-
total
3 848
-
7 094
-
Corporate
21 767
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.

19 590
40 050
-
-
total
19 590
40 050
-
-
Dividends
2 177
4 450
-
-
withholding
414
845
-
-
total
414
845
-
-
Income
44 500
44 500
44 500
44 500
Total tax
30 731
40 895
21 884
13 920
After tax
13 769
3 605
22 616
30 580
Living cost
12 005
12 005
12 005
12 005
Free-cash
1 764
-8 400
10 611
18 575

Estimated living cost  is ₴12005 per week

₴8810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2253
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28419
₴19679
₴18700
₴30909
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
534
pensions
-
-
-
8 188
income
-
-
-
6 646
health insurance
-
-
-
3 293
work injury
-
-
-
223
total
-
-
-
18 884
Employee

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

11 065
-
44 500
-
income
1 107
-
6 646
-
pensions
2 036
-
7 533
-
health insurance
819
-
3 030
-
unemployment
133
-
491
-
work injury
55
-
205
-
total
4 150
-
17 905
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
33 435
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
33 435
44 500
-
-
withholding
5 015
6 675
-
-
total
5 015
6 675
-
-
Income
44 500
44 500
44 500
44 500
Total tax
9 165
6 675
17 905
18 884
After tax
35 335
37 825
26 595
25 616
Living cost
6 916
6 916
6 916
6 916
Free-cash
28 419
30 909
19 679
18 700

Estimated living cost  is ₴6916 per week

₴4284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴654
₴470
₴2506
₴2990
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
8 977
regional
-
-
-
825
municipal
-
-
-
297
social contributions
-
-
-
11 445
total
-
-
-
21 544
Employee
43 256
-
44 500
-
regional
653
-
686
-
national
7 310
-
7 623
-
social contributions
14 586
-
15 005
-
municipal
258
-
266
-
total
22 807
-
23 580
-
Employer
43 256
-
44 500
-
total
-
-
-
-
Corporate
1 244
44 500
-
-
nationa
299
10 680
-
-
municipal
60
2 145
-
-
total
359
12 825
-
-
Dividends
885
31 675
-
-
withholding
230
8 235
-
-
total
230
8 235
-
-
Income
44 500
44 500
44 500
44 500
Total tax
23 396
21 060
23 580
21 544
After tax
21 104
23 440
20 920
22 956
Living cost
20 450
20 450
20 450
20 450
Free-cash
654
2 990
470
2 506

Estimated living cost  is ₴20450 per week

₴14364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1407
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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