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
₴9522
₴14259
₴14622
₴18494
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
3 872
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.

-
-
-
9 580
health

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

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

-
-
-
2 926
surtax

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

-
-
-
527
total
-
-
-
16 905
Employee

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

16 382
-
44 500
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
527
-
income

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

458
-
9 580
-
total
3 409
-
13 033
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 118
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.

232
367
-
-
income
4 218
6 675
-
-
trade
4 428
7 009
-
-
chamber of commerce
106
129
-
-
total
8 984
14 180
-
-
Dividends
19 134
30 320
-
-
surtax

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

254
408
-
-
withholding
4 621
7 417
-
-
total
4 875
7 825
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 268
22 005
13 033
16 905
After tax
27 232
22 495
31 467
27 595
Living cost
12 973
12 973
12 973
12 973
Free-cash
14 259
9 522
18 494
14 622

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
₴6125
₴5764
₴5165
₴5512
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
municipal
-
-
-
4 657
pensions
-
-
-
5 340
national
-
-
-
7 217
social contributions
-
-
-
478
total
-
-
-
17 692
Employee
33 550
-
38 470
-
municipal
4 144
-
4 830
-
pensions
1 342
-
1 539
-
national
6 422
-
7 484
-
total
11 908
-
13 853
-
Employer
33 550
-
38 470
-
social contributions
361
-
414
-
pensions
2 684
-
3 078
-
total
3 045
-
3 492
-
Corporate
5 691
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%.

1 138
8 900
-
-
total
1 138
8 900
-
-
Dividends
4 552
35 600
-
-
withholding
1 002
7 832
-
-
total
1 002
7 832
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 093
16 732
17 345
17 692
After tax
27 407
27 768
27 155
26 808
Living cost
21 643
21 643
21 643
21 643
Free-cash
5 764
6 125
5 512
5 165

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26689
₴23175
₴14825
₴16152
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
6 457
surtax
-
-
-
-
social contributions

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

-
-
-
14 307
total
-
-
-
20 764
Employee
12 516
-
35 861
-
social contributions

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

1 377
-
3 945
-
surtax
-
-
-
-
income
2 228
-
6 853
-
total
3 605
-
10 798
-
Employer
12 516
-
35 861
-
social contributions

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

3 015
-
8 639
-
surtax
-
-
-
-
total
3 015
-
8 639
-
Corporate
28 970
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%.

5 794
8 900
-
-
total
5 794
8 900
-
-
Dividends

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

23 176
35 600
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
12 414
8 900
19 437
20 764
After tax
32 086
35 600
25 063
23 736
Living cost
8 911
8 911
8 911
8 911
Free-cash
23 175
26 689
16 152
14 825

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴3628
₴1003
₴7306
₴4072
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 006
pensions
-
-
-
5 018
health
-
-
-
5 227
total
-
-
-
19 251
Employee
36 577
36 577
37 869
-
health
5 614
4 775
4 849
-
income

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

5 987
5 987
5 987
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
15 854
-
Employer
36 577
36 577
37 869
-
unemployment
1 317
1 317
1 363
-
pensions
2 546
2 546
2 636
-
health
2 542
2 542
2 632
-
total
6 405
6 405
6 631
-
Corporate
1 967
1 518
-
-
income
393
304
-
-
total
393
304
-
-
Dividends
1 574
1 214
-
-
income
335
258
-
-
withholding
236
182
-
-
total
571
440
-
-
Income
44 500
44 500
44 500
44 500
Total tax
25 554
22 929
22 485
19 251
After tax
18 946
21 571
22 015
25 249
Living cost
17 943
17 943
17 943
17 943
Free-cash
1 003
3 628
4 072
7 306

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴7748
₴7377
₴7306
₴7215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
municipal
-
-
-
10 137
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 215
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
-
total
-
-
-
20 645
Employee
23 581
-
33 861
-
municipal
7 032
-
10 097
-
national
-
-
-
-
total
7 032
-
10 097
-
Employer
23 581
-
33 861
-
accident
47
-
68
-
other
2 740
-
3 935
-
unemployment
623
-
894
-
pensions
2 549
-
3 660
-
health
1 450
-
2 082
-
total
7 409
-
10 639
-
Corporate
13 510
44 500
-
-
income
2 972
9 790
-
-
total
2 972
9 790
-
-
Dividends
10 538
34 710
-
-
withholding
3 161
10 413
-
-
total
3 161
10 413
-
-
Income
44 500
44 500
44 500
44 500
Total tax
20 574
20 203
20 736
20 645
After tax
23 926
24 297
23 764
23 855
Living cost
16 549
16 549
16 549
16 549
Free-cash
7 377
7 748
7 215
7 306

Estimated living cost  is ₴16549 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴5440
₴11458
₴10596
₴14641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 045
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.

-
-
-
9 580
health

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

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

-
-
-
2 926
surtax

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

-
-
-
527
total
-
-
-
17 078
Employee

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

21 721
-
44 500
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
527
-
income

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

1 866
-
9 580
-
total
4 894
-
13 033
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
22 779
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.

188
367
-
-
income
3 417
6 675
-
-
trade
3 747
7 320
-
-
chamber of commerce
98
128
-
-
total
7 450
14 490
-
-
Dividends
15 330
30 009
-
-
surtax

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

202
404
-
-
withholding
3 670
7 340
-
-
total
3 872
7 744
-
-
Income
44 500
44 500
44 500
44 500
Total tax
16 216
22 234
13 033
17 078
After tax
28 284
22 266
31 467
27 422
Living cost
16 826
16 826
16 826
16 826
Free-cash
11 458
5 440
14 641
10 596

Estimated living cost  is ₴16826 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
₴18673
₴16896
₴17456
₴17403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
5 087
health
-
-
-
1 135
social contributions
-
-
-
6 930
total
-
-
-
13 152
Employee
32 936
32 936
40 399
-
social contributions
1 600
2 733
3 353
-
health
328
560
687
-
income
3 459
3 049
5 064
-
total
5 387
6 342
9 104
-
Employer
32 936
32 936
40 399
-
social contributions
1 600
2 733
3 353
-
health
357
610
748
-
total
1 957
3 343
4 101
-
Corporate
23 264
8 221
-
-
income
2 908
1 027
-
-
total
2 908
1 027
-
-
Dividends
20 356
7 194
-
-
withholding
3 460
1 223
-
-
total
3 460
1 223
-
-
Income
44 500
44 500
44 500
44 500
Total tax
13 712
11 935
13 205
13 152
After tax
30 788
32 565
31 295
31 348
Living cost
13 892
13 892
13 892
13 892
Free-cash
16 896
18 673
17 403
17 456

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴17281
₴17443
₴23046
₴18014
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

11 234
4 471
37 238
-
health
786
313
2 607
-
income
1 373
547
4 552
-
pensions
1 123
447
3 724
-
unemployment
169
67
559
-
total
3 451
1 374
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.

11 234
4 471
37 238
-
pensions
2 191
872
7 262
-
total
2 191
872
7 262
-
Corporate
31 076
39 157
-
-
income
2 797
3 524
-
-
total
2 797
3 524
-
-
Dividends
28 279
35 633
-
-
social contributions
5 463
6 897
-
-
withholding
5 373
6 770
-
-
total
10 836
13 667
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 275
19 437
18 704
13 672
After tax
25 225
25 063
25 796
30 828
Living cost
7 782
7 782
7 782
7 782
Free-cash
17 443
17 281
18 014
23 046

Estimated living cost  is ₴7782 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴25255
₴22595
₴13507
₴15305
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
5 963
pensions
-
-
-
8 900
health
-
-
-
5 785
total
-
-
-
20 648
Employee
12 151
-
33 259
-
income
1 368
-
6 412
-
pensions
243
-
665
-
unemployment
194
-
532
-
total
1 805
-
7 609
-
Employer
12 151
-
33 259
-
unemployment
98
-
266
-
pensions
2 430
-
6 652
-
health
1 579
-
4 323
-
total
4 107
-
11 241
-
Corporate
28 242
44 500
-
-
income
5 648
8 900
-
-
total
5 648
8 900
-
-
Dividends
22 594
35 600
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
11 560
8 900
18 850
20 648
After tax
32 940
35 600
25 650
23 852
Living cost
10 345
10 345
10 345
10 345
Free-cash
22 595
25 255
15 305
13 507

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴5764
₴2167
₴21161
₴13731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
11 004
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
13 971
Employee
14 736
-
38 234
-
health
1 687
-
4 378
-
income
2 022
-
7 507
-
pensions
1 659
-
3 249
-
total
5 368
-
15 134
-
Employer
14 736
-
38 234
-
accident
246
-
639
-
unemployment
361
-
937
-
pensions
2 396
-
4 691
-
total
3 003
-
6 267
-
Corporate
26 761
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.

24 085
40 050
-
-
total
24 085
40 050
-
-
Dividends
2 676
4 450
-
-
withholding
509
846
-
-
total
509
846
-
-
Income
44 500
44 500
44 500
44 500
Total tax
32 965
40 896
21 401
13 971
After tax
11 535
3 604
23 099
30 529
Living cost
9 368
9 368
9 368
9 368
Free-cash
2 167
-5 764
13 731
21 161

Estimated living cost  is ₴9368 per week

₴6866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴38421
₴37699
₴40201
₴31746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 817
-
44 500
-
income
963
-
8 900
-
total
963
-
8 900
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

39 683
44 500
-
-
total
-
-
-
-
Dividends
39 683
44 500
-
-
withholding
1 984
2 225
-
-
total
1 984
2 225
-
-
Income
44 500
44 500
44 500
44 500
Total tax
2 947
2 225
8 900
445
After tax
41 553
42 275
35 600
44 055
Living cost
3 854
3 854
3 854
3 854
Free-cash
37 699
38 421
31 746
40 201

Estimated living cost  is ₴3854 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴21281
₴18390
₴12683
₴14554
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
5 652
pensions

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

-
-
-
10 680
other
-
-
-
2 114
health
-
-
-
1 958
total
-
-
-
20 404
Employee
15 552
-
35 544
-
health
218
-
497
-
income
2 677
-
6 238
-
pensions

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

1 088
-
2 488
-
unemployment
155
-
355
-
total
4 138
-
9 578
-
Employer
15 552
-
35 544
-
accident
124
-
284
-
other
778
-
1 777
-
unemployment
155
-
355
-
pensions

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

2 644
-
6 042
-
health
218
-
497
-
total
3 919
-
8 955
-
Corporate
25 029
44 500
-
-
income
5 256
9 345
-
-
total
5 256
9 345
-
-
Dividends
19 772
35 155
-
-
withholding
1 384
2 461
-
-
total
1 384
2 461
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 697
11 806
18 533
20 404
After tax
29 803
32 694
25 967
24 096
Living cost
11 413
11 413
11 413
11 413
Free-cash
18 390
21 281
14 554
12 683

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
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.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3750
-₴1742
₴3109
-₴920
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 404
pensions
-
-
-
3 243
total
-
-
-
12 647
Employee
40 669
-
39 162
-
health
670
-
639
-
income
7 331
-
6 956
-
pensions
3 923
-
3 743
-
total
11 924
-
11 338
-
Employer
40 669
-
39 162
-
pensions
4 802
-
4 594
-
health
772
-
744
-
total
5 574
-
5 338
-
Corporate
-
44 500
-
-
income

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

-
8 455
-
-
total
-
8 455
-
-
Dividends
-
36 045
-
-
withholding
-
3 551
-
-
total
-
3 551
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 498
12 006
16 676
12 647
After tax
27 002
32 494
27 824
31 853
Living cost
28 744
28 744
28 744
28 744
Free-cash
-1 742
3 750
-920
3 109

Estimated living cost  is ₴28744 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₴32428
₴30438
₴28208
₴29619
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
6 675
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
10 673
Employee
7 440
-
41 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
4 156
-
pensions

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

653
-
1 314
-
total
1 821
-
6 324
-
Employer
7 440
-
41 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
35 600
44 500
-
-
income
3 560
4 450
-
-
total
3 560
4 450
-
-
Dividends
32 040
40 050
-
-
withholding
1 602
2 003
-
-
total
1 602
2 003
-
-
Income
44 500
44 500
44 500
44 500
Total tax
8 443
6 453
9 262
10 673
After tax
36 057
38 047
35 238
33 827
Living cost
5 619
5 619
5 619
5 619
Free-cash
30 438
32 428
29 619
28 208

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴2180
-₴2163
₴1498
-₴1736
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 006
pensions
-
-
-
5 018
health
-
-
-
5 227
total
-
-
-
19 251
Employee
39 710
36 577
37 869
-
health
4 954
4 775
4 849
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
15 854
-
Employer
39 710
36 577
37 869
-
unemployment
1 430
1 317
1 363
-
pensions
2 764
2 546
2 636
-
health
2 759
2 542
2 632
-
total
6 953
6 405
6 631
-
Corporate
-
1 518
-
-
income
-
304
-
-
total
-
304
-
-
Dividends
-
1 214
-
-
income
-
258
-
-
withholding
-
182
-
-
total
-
440
-
-
Income
44 500
44 500
44 500
44 500
Total tax
22 912
22 929
22 485
19 251
After tax
21 588
21 571
22 015
25 249
Living cost
23 751
23 751
23 751
23 751
Free-cash
-2 163
-2 180
-1 736
1 498

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴20379
₴16718
₴11414
₴12323
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
3 825
health
-
-
-
6 008
solidarity contribution
-
-
-
-
social contributions
-
-
-
12 994
total
-
-
-
22 827
Employee
15 086
-
33 209
-
social contributions
981
-
2 159
-
health
2 037
-
4 483
-
solidarity contribution
-
-
-
-
income
1 810
-
3 985
-
total
4 828
-
10 627
-
Employer
15 086
-
33 209
-
social contributions
3 772
-
8 302
-
health
1 358
-
2 989
-
total
5 130
-
11 291
-
Corporate
24 284
44 500
-
-
income
4 614
8 455
-
-
total
4 614
8 455
-
-
Dividends
19 670
36 045
-
-
withholding
2 951
5 407
-
-
total
2 951
5 407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 523
13 862
21 918
22 827
After tax
26 977
30 638
22 582
21 673
Living cost
10 259
10 259
10 259
10 259
Free-cash
16 718
20 379
12 323
11 414

Estimated living cost  is ₴10259 per week

₴7126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴5670
₴3433
₴4654
₴2536
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
municipal
-
-
-
264
regional
-
-
-
494
national
-
-
-
9 570
social contributions
-
-
-
11 445
total
-
-
-
21 773
Employee
38 066
-
44 500
-
social contributions
12 836
-
15 005
-
regional
359
-
433
-
municipal
202
-
236
-
national
6 596
-
8 217
-
total
19 993
-
23 891
-
Employer
38 066
-
44 500
-
total
-
-
-
-
Corporate
6 434
44 500
-
-
nationa
1 544
10 680
-
-
municipal
251
1 735
-
-
total
1 795
12 415
-
-
Dividends
4 638
32 084
-
-
withholding
1 206
8 342
-
-
total
1 206
8 342
-
-
Income
44 500
44 500
44 500
44 500
Total tax
22 994
20 757
23 891
21 773
After tax
21 506
23 743
20 609
22 727
Living cost
18 073
18 073
18 073
18 073
Free-cash
3 433
5 670
2 536
4 654

Estimated living cost  is ₴18073 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴18539
₴17205
₴13272
₴12407
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 553
pensions
-
-
-
8 900
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 159
surtax
-
-
-
1 066
total
-
-
-
21 776
Employee
14 164
-
36 761
-
other
-
-
-
-
health
362
-
937
-
surtax
46
-
967
-
income
2 374
-
7 987
-
pensions
944
-
2 452
-
unemployment
986
-
2 559
-
total
4 712
-
14 902
-
Employer
14 164
-
36 761
-
other
-
-
-
-
unemployment
449
-
1 166
-
pensions
1 888
-
4 900
-
health
645
-
1 673
-
total
2 982
-
7 739
-
Corporate
27 354
44 500
-
-
income
7 112
11 570
-
-
total
7 112
11 570
-
-
Dividends
20 242
32 930
-
-
withholding
3 037
4 939
-
-
total
3 037
4 939
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 843
16 509
22 641
21 776
After tax
26 657
27 991
21 859
22 724
Living cost
9 452
9 452
9 452
9 452
Free-cash
17 205
18 539
12 407
13 272

Estimated living cost  is ₴9452 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴12857
₴10323
₴12216
₴8187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 404
pensions
-
-
-
3 243
total
-
-
-
12 647
Employee
27 255
-
39 162
-
health
396
-
639
-
income
4 909
-
6 956
-
pensions
2 313
-
3 743
-
total
7 618
-
11 338
-
Employer
27 255
-
39 162
-
pensions
2 950
-
4 594
-
health
518
-
744
-
total
3 468
-
5 338
-
Corporate
13 777
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.

2 617
8 455
-
-
total
2 617
8 455
-
-
Dividends
11 159
36 045
-
-
withholding
837
3 551
-
-
total
837
3 551
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 540
12 006
16 676
12 647
After tax
29 960
32 494
27 824
31 853
Living cost
19 637
19 637
19 637
19 637
Free-cash
10 323
12 857
8 187
12 216

Estimated living cost  is ₴19637 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴12023
₴1826
₴4672
₴2463
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
469
pensions
-
-
-
4 094
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
890
regional
-
-
-
1 584
health
-
-
-
106
national
-
-
-
313
total
-
-
-
7 456
Employee
37 884
-
39 830
-
city
407
-
428
-
regional
1 241
-
1 346
-
health
86
-
90
-
pensions
3 183
-
3 346
-
unemployment
-
-
-
-
national
179
-
222
-
total
5 096
-
5 432
-
Employer
37 884
-
39 830
-
other

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

757
-
797
-
unemployment
-
-
-
-
pensions
3 183
-
3 346
-
health
86
-
90
-
total
4 026
-
4 233
-
Corporate
2 174
44 500
-
-
regional
460
9 412
-
-
national
185
3 782
-
-
total
645
13 194
-
-
Dividends
1 530
31 306
-
-
withholding
535
10 957
-
-
total
535
10 957
-
-
Income
44 500
44 500
44 500
44 500
Total tax
10 302
24 151
9 665
7 456
After tax
34 198
20 349
34 835
37 044
Living cost
32 372
32 372
32 372
32 372
Free-cash
1 826
-12 023
2 463
4 672

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
₴2417
₴9362
₴7629
₴11846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 217
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.

-
-
-
9 580
health

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

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

-
-
-
2 926
surtax

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

-
-
-
527
total
-
-
-
17 250
Employee

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

25 741
-
44 500
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
527
-
income

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

3 027
-
9 580
-
total
6 120
-
13 033
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
18 759
44 500
-
-
surtax

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

154
367
-
-
income
2 814
6 675
-
-
trade
3 217
7 631
-
-
chamber of commerce
91
128
-
-
total
6 276
14 801
-
-
Dividends
12 482
29 699
-
-
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.

163
399
-
-
withholding
2 958
7 262
-
-
total
3 121
7 661
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 517
22 462
13 033
17 250
After tax
28 983
22 038
31 467
27 250
Living cost
19 621
19 621
19 621
19 621
Free-cash
9 362
2 417
11 846
7 629

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7774
₴10304
₴10923
₴13182
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
4 473
pensions
-
-
-
10 885
other
-
-
-
1 382
health
-
-
-
915
surtax
-
-
-
-
social contributions
-
-
-
1 268
total
-
-
-
18 923
Employee
18 331
-
36 055
-
social contributions
523
-
1 027
-
surtax
-
-
-
-
income
1 082
-
5 424
-
pensions
2 073
-
1 767
-
total
3 678
-
8 218
-
Employer
18 331
-
36 055
-
other
632
-
1 244
-
social contributions
55
-
108
-
unemployment
742
-
1 461
-
pensions
3 011
-
3 109
-
health
1 283
-
2 524
-
total
5 723
-
8 446
-
Corporate
20 444
44 500
-
-
surtax
-
-
-
-
income
5 725
12 460
-
-
total
5 725
12 460
-
-
Dividends
14 719
32 040
-
-
surtax
-
-
-
-
social contributions
2 532
5 511
-
-
withholding
1 884
4 101
-
-
total
4 416
9 612
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 542
22 072
16 664
18 923
After tax
24 958
22 428
27 836
25 577
Living cost
14 654
14 654
14 654
14 654
Free-cash
10 304
7 774
13 182
10 923

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴9226
₴11605
₴12375
₴14634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
4 473
pensions
-
-
-
10 885
other
-
-
-
1 382
health
-
-
-
915
surtax
-
-
-
-
social contributions
-
-
-
1 268
total
-
-
-
18 923
Employee
16 363
-
36 055
-
social contributions
467
-
1 027
-
surtax
-
-
-
-
income
844
-
5 424
-
pensions
1 851
-
1 767
-
total
3 162
-
8 218
-
Employer
16 363
-
36 055
-
other
565
-
1 244
-
social contributions
49
-
108
-
unemployment
662
-
1 461
-
pensions
2 689
-
3 109
-
health
1 145
-
2 524
-
total
5 110
-
8 446
-
Corporate
23 027
44 500
-
-
surtax
-
-
-
-
income
6 447
12 460
-
-
total
6 447
12 460
-
-
Dividends
16 579
32 040
-
-
surtax
-
-
-
-
social contributions
2 852
5 511
-
-
withholding
2 122
4 101
-
-
total
4 974
9 612
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 693
22 072
16 664
18 923
After tax
24 807
22 428
27 836
25 577
Living cost
13 202
13 202
13 202
13 202
Free-cash
11 605
9 226
14 634
12 375

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴18066
₴18289
₴19496
₴19487
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
6 675
health
-
-
-
3 106
social contributions
-
-
-
6 141
total
-
-
-
15 922
Employee
14 522
-
44 500
-
social contributions
2 004
-
6 141
-
health
1 014
-
3 106
-
income
2 422
-
6 684
-
total
5 440
-
15 931
-
Employer
14 522
-
44 500
-
total
-
-
-
-
Corporate
29 978
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%.

1 499
2 225
-
-
total
1 499
2 225
-
-
Dividends
28 479
42 275
-
-
health
1 988
2 951
-
-
social contributions
3 930
5 834
-
-
withholding
4 272
6 342
-
-
total
10 190
15 127
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 129
17 352
15 931
15 922
After tax
27 371
27 148
28 569
28 578
Living cost
9 082
9 082
9 082
9 082
Free-cash
18 289
18 066
19 487
19 496

Estimated living cost  is ₴9082 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
₴9825
₴9162
₴7303
-₴1809
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
chamber of commerce
-
-
-
178
income
-
-
-
7 579
pensions
-
-
-
8 232
unemployment
-
-
-
2 627
health
-
-
-
3 404
surtax
-
-
-
85
total
-
-
-
22 105
Employee
21 405
17 069
34 489
-
other
214
171
345
-
health
828
661
1 335
-
income
2 437
1 259
6 741
-
pensions
2 192
1 748
3 532
-
unemployment
642
512
1 035
-
total
6 313
4 351
12 988
-
Employer
21 405
17 069
34 489
-
accident
278
222
449
-
other
1 017
810
1 639
-
chamber of commerce
85
68
138
-
unemployment
642
512
1 035
-
surtax
85
85
85
-
pensions
2 686
2 143
4 328
-
payroll
642
512
1 035
-
health
809
645
1 304
-
total
6 244
4 997
10 013
-
Corporate
16 851
22 434
32 863
-
income

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

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

4 213
5 608
8 216
-
total
4 213
5 608
8 216
-
Dividends
12 638
16 825
-
-
withholding
3 476
4 627
-
-
total
3 476
4 627
-
-
Income
44 500
44 500
44 500
44 500
Total tax
20 246
19 583
31 217
22 105
After tax
24 254
24 917
13 283
22 395
Living cost
15 092
15 092
15 092
15 092
Free-cash
9 162
9 825
-1 809
7 303

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
₴9334
₴2911
₴5080
₴1630
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 523
communal

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

-
-
-
2 248
social contributions
-
-
-
7 032
total
-
-
-
23 803
Employee

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

30 638
-
34 467
-
communal

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

1 598
-
1 798
-
health

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

1 439
-
1 620
-
pensions

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

2 298
-
2 585
-
unemployment

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

267
-
300
-
national
9 419
-
10 917
-
total
15 021
-
17 220
-
Employer

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

30 638
-
34 467
-
accident

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

398
-
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.

447
-
503
-
surtax
3 474
-
3 908
-
pensions

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

2 715
-
3 054
-
health

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

1 884
-
2 120
-
total
8 918
-
10 033
-
Corporate
4 944
44 500
-
-
surtax
20
178
-
-
income
989
8 900
-
-
total
1 009
9 078
-
-
Dividends
3 935
35 422
-
-
withholding

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

1 024
10 471
-
-
total
1 024
10 471
-
-
Income
44 500
44 500
44 500
44 500
Total tax
25 972
19 549
27 253
23 803
After tax
18 528
24 951
17 247
20 697
Living cost
15 617
15 617
15 617
15 617
Free-cash
2 911
9 334
1 630
5 080

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴14511
₴11099
₴8557
₴7934
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
358
income
-
-
-
8 564
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
20 475
Employee
21 321
-
33 743
-
other
21
-
34
-
income
4 499
-
8 198
-
pensions
1 002
-
1 586
-
unemployment
331
-
523
-
total
5 853
-
10 341
-
Employer
21 321
-
33 743
-
accident
422
-
668
-
other
170
-
270
-
unemployment
1 173
-
1 856
-
pensions
5 031
-
7 963
-
total
6 796
-
10 757
-
Corporate
16 383
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.

2 457
6 675
-
-
total
2 457
6 675
-
-
Dividends
13 926
37 825
-
-
withholding
2 827
7 846
-
-
total
2 827
7 846
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 933
14 521
21 098
20 475
After tax
26 567
29 979
23 402
24 025
Living cost
15 468
15 468
15 468
15 468
Free-cash
11 099
14 511
7 934
8 557

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴3903
₴909
₴1974
₴3919
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
376
income
-
-
-
4 059
pensions
-
-
-
6 670
health
-
-
-
3 126
surtax
-
-
-
2 206
communal
-
-
-
2 812
total
-
-
-
19 249
Employee
32 436
-
39 751
-
health
1 444
-
1 769
-
surtax
1 988
-
2 436
-
income
3 133
-
5 169
-
pensions
2 594
-
3 180
-
total
9 159
-
12 554
-
Employer
32 436
-
39 751
-
accident
292
-
358
-
pensions
2 594
-
3 180
-
health
989
-
1 212
-
total
3 875
-
4 750
-
Corporate
8 188
44 500
-
-
surtax
86
467
-
-
communal
-
3 004
-
-
income
1 228
6 675
-
-
total
1 314
10 146
-
-
Dividends
6 874
34 354
-
-
income
4 935
2 021
-
-
withholding
1 031
5 153
-
-
total
5 966
7 174
-
-
Income
44 500
44 500
44 500
44 500
Total tax
20 314
17 320
17 304
19 249
After tax
24 186
27 180
27 196
25 251
Living cost
23 277
23 277
23 277
23 277
Free-cash
909
3 903
3 919
1 974

Estimated living cost  is ₴23277 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴18371
₴17008
₴13104
₴12239
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 553
pensions
-
-
-
8 900
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 159
surtax
-
-
-
1 066
total
-
-
-
21 776
Employee
14 424
-
36 761
-
other
-
-
-
-
health
368
-
937
-
surtax
51
-
967
-
income
2 418
-
7 987
-
pensions
962
-
2 452
-
unemployment
1 004
-
2 559
-
total
4 803
-
14 902
-
Employer
14 424
-
36 761
-
other
-
-
-
-
unemployment
458
-
1 166
-
pensions
1 923
-
4 900
-
health
656
-
1 673
-
total
3 037
-
7 739
-
Corporate
27 039
44 500
-
-
income
7 030
11 570
-
-
total
7 030
11 570
-
-
Dividends
20 009
32 930
-
-
withholding
3 002
4 939
-
-
total
3 002
4 939
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 872
16 509
22 641
21 776
After tax
26 628
27 991
21 859
22 724
Living cost
9 620
9 620
9 620
9 620
Free-cash
17 008
18 371
12 239
13 104

Estimated living cost  is ₴9620 per week

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

Source of data for Athens model

Close
Naples , Italy
₴11852
₴10900
₴11012
₴8905
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
municipal
-
-
-
264
regional
-
-
-
671
national
-
-
-
9 570
social contributions
-
-
-
11 445
total
-
-
-
21 950
Employee
23 759
-
44 500
-
social contributions
8 012
-
15 005
-
regional
320
-
599
-
municipal
126
-
236
-
national
3 764
-
8 217
-
total
12 222
-
24 057
-
Employer
23 759
-
44 500
-
total
-
-
-
-
Corporate
20 741
44 500
-
-
nationa
4 978
10 680
-
-
municipal
1 031
2 212
-
-
total
6 009
12 892
-
-
Dividends
14 732
31 608
-
-
withholding
3 831
8 218
-
-
total
3 831
8 218
-
-
Income
44 500
44 500
44 500
44 500
Total tax
22 062
21 110
24 057
21 950
After tax
22 438
23 390
20 443
22 550
Living cost
11 538
11 538
11 538
11 538
Free-cash
10 900
11 852
8 905
11 012

Estimated living cost  is ₴11538 per week

₴7176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴17997
₴13487
₴9032
₴9941
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
3 825
health
-
-
-
6 008
solidarity contribution
-
-
-
-
social contributions
-
-
-
12 994
total
-
-
-
22 827
Employee
18 590
-
33 209
-
social contributions
1 208
-
2 159
-
health
2 510
-
4 483
-
solidarity contribution
-
-
-
-
income
2 231
-
3 985
-
total
5 949
-
10 627
-
Employer
18 590
-
33 209
-
social contributions
4 648
-
8 302
-
health
1 673
-
2 989
-
total
6 321
-
11 291
-
Corporate
19 589
44 500
-
-
income
3 722
8 455
-
-
total
3 722
8 455
-
-
Dividends
15 867
36 045
-
-
withholding
2 380
5 407
-
-
total
2 380
5 407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
18 372
13 862
21 918
22 827
After tax
26 128
30 638
22 582
21 673
Living cost
12 641
12 641
12 641
12 641
Free-cash
13 487
17 997
9 941
9 032

Estimated living cost  is ₴12641 per week

₴9401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴11298
₴11086
₴8815
-₴360
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
chamber of commerce
-
-
-
178
income
-
-
-
7 579
pensions
-
-
-
8 232
unemployment
-
-
-
2 627
health
-
-
-
3 404
surtax
-
-
-
-
total
-
-
-
22 020
Employee
18 723
17 069
34 555
-
other
187
171
345
-
health
724
661
1 337
-
income
1 668
1 259
6 764
-
pensions
1 917
1 748
3 538
-
unemployment
562
512
1 036
-
total
5 058
4 351
13 020
-
Employer
18 723
17 069
34 555
-
accident
243
222
449
-
other
889
810
1 641
-
chamber of commerce
75
68
138
-
unemployment
562
512
1 036
-
surtax
-
-
-
-
pensions
2 350
2 143
4 336
-
payroll
562
512
1 036
-
health
708
645
1 306
-
total
5 389
4 912
9 942
-
Corporate
20 389
22 518
32 930
-
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.

5 097
5 630
8 233
-
total
5 097
5 630
8 233
-
Dividends
15 292
16 889
-
-
withholding
4 205
4 644
-
-
total
4 205
4 644
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 749
19 537
31 195
22 020
After tax
24 751
24 963
13 305
22 480
Living cost
13 665
13 665
13 665
13 665
Free-cash
11 086
11 298
-360
8 815

Estimated living cost  is ₴13665 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
₴36270
₴35144
₴38050
₴29595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
44 500
microenterprise

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

-
-
-
445
total
-
-
-
445
Employee
7 506
-
44 500
-
income
1 501
-
8 900
-
total
1 501
-
8 900
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

36 994
44 500
-
-
total
-
-
-
-
Dividends
36 994
44 500
-
-
withholding
1 850
2 225
-
-
total
1 850
2 225
-
-
Income
44 500
44 500
44 500
44 500
Total tax
3 351
2 225
8 900
445
After tax
41 149
42 275
35 600
44 055
Living cost
6 005
6 005
6 005
6 005
Free-cash
35 144
36 270
29 595
38 050

Estimated living cost  is ₴6005 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴19150
₴15569
₴11462
₴10189
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
44 500
income
-
-
-
8 978
pensions
-
-
-
8 126
unemployment
-
-
-
67
health
-
-
-
4 379
total
-
-
-
21 550
Employee

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

18 940
-
38 505
-
health
1 223
-
2 487
-
income
3 266
-
8 320
-
pensions
2 936
-
5 968
-
unemployment
27
-
54
-
total
7 452
-
16 829
-
Employer

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

18 940
-
38 505
-
unemployment
11
-
23
-
pensions
1 676
-
3 407
-
health
1 261
-
2 564
-
total
2 948
-
5 994
-
Corporate
22 611
44 500
-
-
income
4 296
8 455
-
-
total
4 296
8 455
-
-
Dividends
18 315
36 045
-
-
withholding
2 747
5 407
-
-
total
2 747
5 407
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 443
13 862
22 823
21 550
After tax
27 057
30 638
21 677
22 950
Living cost
11 488
11 488
11 488
11 488
Free-cash
15 569
19 150
10 189
11 462

Estimated living cost  is ₴11488 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
₴8576
-₴19422
₴12255
₴20362
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
26 523
-
-
-
social contributions
2 175
-
310
-
income
5 851
-
-
-
total
8 026
-
310
-
Employer
26 523
-
-
-
social contributions
37 398
-
5 330
-
total
37 398
-
5 330
-
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
45 424
17 426
5 640
13 747
After tax
-924
27 074
38 860
30 753
Living cost
18 498
18 498
18 498
18 498
Free-cash
-19 422
8 576
20 362
12 255

Estimated living cost  is ₴18498 per week

₴12002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
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.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴11877
₴11444
₴11371
₴9009
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
44 500
income
-
-
-
4 230
surtax
-
-
-
-
social contributions

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

-
-
-
15 464
total
-
-
-
19 694
Employee
19 699
-
35 960
-
social contributions
2 167
-
3 956
-
surtax
-
-
-
-
income
4 098
-
9 560
-
total
6 265
-
13 516
-
Employer
19 699
-
35 960
-
social contributions
4 679
-
8 540
-
total
4 679
-
8 540
-
Corporate
20 122
44 500
-
-
surtax
-
-
-
-
income
4 226
9 345
-
-
total
4 226
9 345
-
-
Dividends
15 896
35 155
-
-
withholding
4 451
9 843
-
-
total
4 451
9 843
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 621
19 188
22 056
19 694
After tax
24 879
25 312
22 444
24 806
Living cost
13 435
13 435
13 435
13 435
Free-cash
11 444
11 877
9 009
11 371

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴1741
₴4683
₴4890
₴7149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
4 473
pensions
-
-
-
10 885
other
-
-
-
1 382
health
-
-
-
915
surtax
-
-
-
-
social contributions
-
-
-
1 268
total
-
-
-
18 923
Employee
26 826
-
36 055
-
social contributions
764
-
1 027
-
surtax
-
-
-
-
income
2 341
-
5 424
-
pensions
3 034
-
1 767
-
total
6 139
-
8 218
-
Employer
26 826
-
36 055
-
other
926
-
1 244
-
social contributions
80
-
108
-
unemployment
1 087
-
1 461
-
pensions
4 408
-
3 109
-
health
1 878
-
2 524
-
total
8 379
-
8 446
-
Corporate
9 295
44 500
-
-
surtax
-
-
-
-
income
2 603
12 460
-
-
total
2 603
12 460
-
-
Dividends
6 693
32 040
-
-
surtax
-
-
-
-
social contributions
1 152
5 511
-
-
withholding
857
4 101
-
-
total
2 009
9 612
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 130
22 072
16 664
18 923
After tax
25 370
22 428
27 836
25 577
Living cost
20 687
20 687
20 687
20 687
Free-cash
4 683
1 741
7 149
4 890

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴27175
₴25737
₴20965
₴22148
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
870
social contributions
-
-
-
9 790
total
-
-
-
10 660
Employee
13 770
-
38 528
-
income
-
-
1 001
-
social contributions
895
-
2 504
-
total
895
-
3 505
-
Employer
13 770
-
38 528
-
social contributions
2 134
-
5 972
-
total
2 134
-
5 972
-
Corporate
28 596
44 500
-
-
income
2 859
4 450
-
-
total
2 859
4 450
-
-
Dividends
25 736
40 050
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
5 888
4 450
9 477
10 660
After tax
38 612
40 050
35 023
33 840
Living cost
12 875
12 875
12 875
12 875
Free-cash
25 737
27 175
22 148
20 965

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴48862
-₴48862
₴6867
-₴48862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
municipal
-
-
-
8 350
pensions
-
-
-
371
national
-
-
-
4 745
labour market
-
-
-
3 530
total
-
-
-
16 996
Employee
87 103
87 103
87 103
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 103
87 103
87 103
-
labour market
6 968
6 968
6 968
-
municipal
18 578
18 578
18 578
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 454
36 454
36 454
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
44 500
44 500
44 500
44 500
Total tax
72 725
72 725
72 725
16 996
After tax
-28 225
-28 225
-28 225
27 504
Living cost
20 637
20 637
20 637
20 637
Free-cash
-48 862
-48 862
-48 862
6 867

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5626
₴2188
₴21299
₴13869
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
11 004
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
13 971
Employee
14 519
-
38 234
-
health
1 663
-
4 378
-
income
1 992
-
7 507
-
pensions
1 635
-
3 249
-
total
5 290
-
15 134
-
Employer
14 519
-
38 234
-
accident
242
-
639
-
unemployment
356
-
937
-
pensions
2 361
-
4 691
-
total
2 959
-
6 267
-
Corporate
27 022
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.

24 320
40 050
-
-
total
24 320
40 050
-
-
Dividends
2 702
4 450
-
-
withholding
513
846
-
-
total
513
846
-
-
Income
44 500
44 500
44 500
44 500
Total tax
33 082
40 896
21 401
13 971
After tax
11 418
3 604
23 099
30 529
Living cost
9 230
9 230
9 230
9 230
Free-cash
2 188
-5 626
13 869
21 299

Estimated living cost  is ₴9230 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴13017
₴12258
₴14969
₴8811
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
7 919
health
-
-
-
506
national
-
-
-
4 662
total
-
-
-
13 087
Employee
22 535
-
37 436
-
health
168
-
397
-
municipal
3 691
-
6 111
-
pensions
1 521
-
2 527
-
unemployment
338
-
562
-
national
372
-
2 584
-
total
6 090
-
12 181
-
Employer
22 535
-
37 436
-
accident
23
-
37
-
unemployment
146
-
243
-
pensions
3 910
-
6 495
-
health
173
-
289
-
total
4 252
-
7 064
-
Corporate
17 714
44 500
-
-
income
3 543
8 900
-
-
total
3 543
8 900
-
-
Dividends

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

10 628
26 700
-
-
national
-
1 333
-
-
municipal
1 913
4 806
-
-
total
1 913
6 139
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 798
15 039
19 245
13 087
After tax
28 702
29 461
25 255
31 413
Living cost
16 444
16 444
16 444
16 444
Free-cash
12 258
13 017
8 811
14 969

Estimated living cost  is ₴16444 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴22648
₴20317
₴21431
₴21378
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
5 087
health
-
-
-
1 135
social contributions
-
-
-
6 930
total
-
-
-
13 152
Employee
32 936
32 936
40 399
-
social contributions
1 245
2 733
3 353
-
health
255
560
687
-
income
3 586
3 049
5 064
-
total
5 086
6 342
9 104
-
Employer
32 936
32 936
40 399
-
social contributions
1 245
2 733
3 353
-
health
277
610
748
-
total
1 522
3 343
4 101
-
Corporate
27 974
8 221
-
-
income
3 497
1 027
-
-
total
3 497
1 027
-
-
Dividends
24 478
7 194
-
-
withholding
4 161
1 223
-
-
total
4 161
1 223
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 266
11 935
13 205
13 152
After tax
30 234
32 565
31 295
31 348
Living cost
9 917
9 917
9 917
9 917
Free-cash
20 317
22 648
21 378
21 431

Estimated living cost  is ₴9917 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴30050
₴27871
₴29141
₴20641
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
44 500
income
-
-
-
4 272
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
8 559
Employee

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

9 831
-
40 345
-
health
836
-
3 429
-
income
672
-
3 221
-
pensions
1 474
-
6 051
-
unemployment
49
-
202
-
total
3 031
-
12 903
-
Employer

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

9 831
-
40 345
-
unemployment
49
-
202
-
pensions
541
-
2 219
-
health
423
-
1 735
-
total
1 013
-
4 156
-
Corporate
33 657
44 500
-
-
income
3 029
4 005
-
-
total
3 029
4 005
-
-
Dividends
30 627
40 495
-
-
withholding
2 756
3 645
-
-
total
2 756
3 645
-
-
Income
44 500
44 500
44 500
44 500
Total tax
9 829
7 650
17 059
8 559
After tax
34 671
36 850
27 441
35 941
Living cost
6 800
6 800
6 800
6 800
Free-cash
27 871
30 050
20 641
29 141

Estimated living cost  is ₴6800 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
₴18201
₴15955
₴12247
₴11624
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
358
income
-
-
-
8 564
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
20 475
Employee
15 837
-
33 743
-
other
15
-
34
-
income
3 053
-
8 198
-
pensions
745
-
1 586
-
unemployment
245
-
523
-
total
4 058
-
10 341
-
Employer
15 837
-
33 743
-
accident
314
-
668
-
other
127
-
270
-
unemployment
871
-
1 856
-
pensions
3 737
-
7 963
-
total
5 049
-
10 757
-
Corporate
23 613
44 500
-
-
income

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

3 542
6 675
-
-
total
3 542
6 675
-
-
Dividends
20 071
37 825
-
-
withholding
4 118
7 846
-
-
total
4 118
7 846
-
-
Income
44 500
44 500
44 500
44 500
Total tax
16 767
14 521
21 098
20 475
After tax
27 733
29 979
23 402
24 025
Living cost
11 778
11 778
11 778
11 778
Free-cash
15 955
18 201
11 624
12 247

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴26598
₴26405
₴27068
₴26986
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
14 790
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
16 262
Employee
1 782
-
43 540
-
health
89
-
213
-
income
345
-
14 745
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
15 385
-
Employer
1 782
-
43 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
42 317
44 500
-
-
income
9 310
9 790
-
-
total
9 310
9 790
-
-
Dividends
33 008
34 710
-
-
withholding
6 602
6 942
-
-
total
6 602
6 942
-
-
Income
44 500
44 500
44 500
44 500
Total tax
16 925
16 732
16 344
16 262
After tax
27 575
27 768
28 156
28 238
Living cost
1 170
1 170
1 170
1 170
Free-cash
26 405
26 598
26 986
27 068

Estimated living cost  is ₴1170 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
₴24743
₴22635
₴16335
₴16336
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
44 500
income
-
-
-
8 791
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
20 757
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.

11 170
-
38 834
-
health
575
-
1 630
-
income
1 540
-
8 791
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
15 090
-
Employer

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

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

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

11 170
-
38 834
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
31 330
44 500
-
-
income
4 700
6 675
-
-
total
4 700
6 675
-
-
Dividends
26 631
37 825
-
-
withholding
3 995
5 674
-
-
total
3 995
5 674
-
-
Income
44 500
44 500
44 500
44 500
Total tax
14 457
12 349
20 756
20 757
After tax
30 043
32 151
23 744
23 743
Living cost
7 408
7 408
7 408
7 408
Free-cash
22 635
24 743
16 336
16 335

Estimated living cost  is ₴7408 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
₴13765
₴13610
₴13259
₴10897
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
44 500
income
-
-
-
4 230
surtax
-
-
-
-
social contributions

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

-
-
-
15 464
total
-
-
-
19 694
Employee
16 624
-
35 960
-
social contributions
1 829
-
3 956
-
surtax
-
-
-
-
income
3 248
-
9 560
-
total
5 077
-
13 516
-
Employer
16 624
-
35 960
-
social contributions
3 948
-
8 540
-
total
3 948
-
8 540
-
Corporate
23 928
44 500
-
-
surtax
-
-
-
-
income
5 025
9 345
-
-
total
5 025
9 345
-
-
Dividends
18 903
35 155
-
-
withholding
5 293
9 843
-
-
total
5 293
9 843
-
-
Income
44 500
44 500
44 500
44 500
Total tax
19 343
19 188
22 056
19 694
After tax
25 157
25 312
22 444
24 806
Living cost
11 547
11 547
11 547
11 547
Free-cash
13 610
13 765
10 897
13 259

Estimated living cost  is ₴11547 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴14926
₴11659
₴8972
₴8349
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
358
income
-
-
-
8 564
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
20 475
Employee
20 686
-
33 743
-
other
20
-
34
-
income
4 321
-
8 198
-
pensions
972
-
1 586
-
unemployment
320
-
523
-
total
5 633
-
10 341
-
Employer
20 686
-
33 743
-
accident
410
-
668
-
other
166
-
270
-
unemployment
1 138
-
1 856
-
pensions
4 882
-
7 963
-
total
6 596
-
10 757
-
Corporate
17 219
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.

2 583
6 675
-
-
total
2 583
6 675
-
-
Dividends
14 636
37 825
-
-
withholding
2 976
7 846
-
-
total
2 976
7 846
-
-
Income
44 500
44 500
44 500
44 500
Total tax
17 788
14 521
21 098
20 475
After tax
26 712
29 979
23 402
24 025
Living cost
15 053
15 053
15 053
15 053
Free-cash
11 659
14 926
8 349
8 972

Estimated living cost  is ₴15053 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
₴30675
₴28064
₴26455
₴27866
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
6 675
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
10 673
Employee
9 762
-
41 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
4 156
-
pensions

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

857
-
1 314
-
total
2 389
-
6 324
-
Employer
9 762
-
41 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
32 822
44 500
-
-
income
3 282
4 450
-
-
total
3 282
4 450
-
-
Dividends
29 540
40 050
-
-
withholding
1 477
2 003
-
-
total
1 477
2 003
-
-
Income
44 500
44 500
44 500
44 500
Total tax
9 064
6 453
9 262
10 673
After tax
35 436
38 047
35 238
33 827
Living cost
7 372
7 372
7 372
7 372
Free-cash
28 064
30 675
27 866
26 455

Estimated living cost  is ₴7372 per week

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

Source of data for Sofia model

Close
Berlin , Germany
₴6418
₴12021
₴11403
₴14931
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
3 528
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.

-
-
-
9 580
health

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

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

-
-
-
2 926
surtax

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

-
-
-
527
total
-
-
-
16 561
Employee

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

21 311
-
44 500
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
527
-
income

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

1 752
-
9 580
-
total
4 775
-
13 033
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
23 189
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.

191
367
-
-
income
3 478
6 675
-
-
trade
3 328
6 385
-
-
chamber of commerce
99
130
-
-
total
7 096
13 557
-
-
Dividends
16 093
30 942
-
-
surtax

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

212
416
-
-
withholding
3 860
7 573
-
-
total
4 072
7 989
-
-
Income
44 500
44 500
44 500
44 500
Total tax
15 943
21 546
13 033
16 561
After tax
28 557
22 954
31 467
27 939
Living cost
16 536
16 536
16 536
16 536
Free-cash
12 021
6 418
14 931
11 403

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
₴6750
₴7698
₴5388
₴5388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
income
-
-
-
10 720
social contributions
-
-
-
3 993
total
-
-
-
14 713
Employee
33 504
-
44 500
-
income
6 322
-
10 720
-
social contributions
2 783
-
3 993
-
total
9 105
-
14 713
-
Employer
33 504
-
44 500
-
total
-
-
-
-
Corporate
10 996
44 500
-
-
income
1 374
5 563
-
-
total
1 374
5 563
-
-
Dividends
9 622
38 937
-
-
withholding
1 924
7 788
-
-
total
1 924
7 788
-
-
Income
44 500
44 500
44 500
44 500
Total tax
12 403
13 351
14 713
14 713
After tax
32 097
31 149
29 787
29 787
Living cost
24 399
24 399
24 399
24 399
Free-cash
7 698
6 750
5 388
5 388

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
₴11114
₴12642
₴13899
₴17160
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
44 500
income
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 649
-
42 530
-
income
2 132
-
7 852
-
social contributions
1 969
-
1 970
-
total
4 101
-
9 822
-
Employer
19 649
-
42 530
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
22 883
44 500
-
-
income
8 009
15 575
-
-
total
8 009
15 575
-
-
Dividends
14 874
28 925
-
-
social contributions
2 231
2 263
-
-
total
2 231
2 263
-
-
Income
44 500
44 500
44 500
44 500
Total tax
16 310
17 838
11 792
15 053
After tax
28 190
26 662
32 708
29 447
Living cost
15 548
15 548
15 548
15 548
Free-cash
12 642
11 114
17 160
13 899

Estimated living cost  is ₴15548 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴16529
₴14950
₴15888
₴11859
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 404
pensions
-
-
-
3 243
total
-
-
-
12 647
Employee
21 914
-
39 162
-
health
286
-
639
-
income
3 991
-
6 956
-
pensions
1 673
-
3 743
-
total
5 950
-
11 338
-
Employer
21 914
-
39 162
-
pensions
2 214
-
4 594
-
health
416
-
744
-
total
2 630
-
5 338
-
Corporate
19 956
44 500
-
-
income

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

3 792
8 455
-
-
total
3 792
8 455
-
-
Dividends
16 164
36 045
-
-
withholding
1 213
3 551
-
-
total
1 213
3 551
-
-
Income
44 500
44 500
44 500
44 500
Total tax
13 585
12 006
16 676
12 647
After tax
30 915
32 494
27 824
31 853
Living cost
15 965
15 965
15 965
15 965
Free-cash
14 950
16 529
11 859
15 888

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴6539
₴2049
₴20386
₴12956
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
11 004
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
13 971
Employee
15 956
-
38 234
-
health
1 827
-
4 378
-
income
2 189
-
7 507
-
pensions
1 797
-
3 249
-
total
5 813
-
15 134
-
Employer
15 956
-
38 234
-
accident
266
-
639
-
unemployment
391
-
937
-
pensions
2 594
-
4 691
-
total
3 251
-
6 267
-
Corporate
25 292
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.

22 763
40 050
-
-
total
22 763
40 050
-
-
Dividends
2 529
4 450
-
-
withholding
481
846
-
-
total
481
846
-
-
Income
44 500
44 500
44 500
44 500
Total tax
32 308
40 896
21 401
13 971
After tax
12 192
3 604
23 099
30 529
Living cost
10 143
10 143
10 143
10 143
Free-cash
2 049
-6 539
12 956
20 386

Estimated living cost  is ₴10143 per week

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

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴31662
₴29958
₴19609
₴22428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
222
health insurance
-
-
-
3 293
income
-
-
-
6 869
pensions
-
-
-
8 188
unemployment
-
-
-
534
total
-
-
-
19 106
Employee

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

9 257
-
44 500
-
work injury
46
-
171
-
income
926
-
6 869
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
16 287
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 243
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%.

-
445
-
-
total
-
445
-
-
Dividends
35 243
44 055
-
-
withholding
5 286
6 608
-
-
total
5 286
6 608
-
-
Income
44 500
44 500
44 500
44 500
Total tax
8 757
7 053
16 287
19 106
After tax
35 743
37 447
28 213
25 394
Living cost
5 785
5 785
5 785
5 785
Free-cash
29 958
31 662
22 428
19 609

Estimated living cost  is ₴5785 per week

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

Source of data for Skopje model

Close
Rome , Italy
₴6377
₴4429
₴5221
₴3185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
44 500
municipal
-
-
-
297
regional
-
-
-
904
national
-
-
-
9 570
social contributions
-
-
-
11 445
total
-
-
-
22 216
Employee
36 093
-
44 500
-
social contributions
12 170
-
15 005
-
regional
545
-
764
-
municipal
215
-
266
-
national
6 099
-
8 217
-
total
19 029
-
24 252
-
Employer
36 093
-
44 500
-
total
-
-
-
-
Corporate
8 407
44 500
-
-
nationa
2 017
10 680
-
-
municipal
406
2 145
-
-
total
2 423
12 825
-
-
Dividends
5 984
31 675
-
-
withholding
1 556
8 235
-
-
total
1 556
8 235
-
-
Income
44 500
44 500
44 500
44 500
Total tax
23 008
21 060
24 252
22 216
After tax
21 492
23 440
20 248
22 284
Living cost
17 063
17 063
17 063
17 063
Free-cash
4 429
6 377
3 185
5 221

Estimated living cost  is ₴17063 per week

₴11986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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