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
₴ 45000
per

Your estimated
City
free-cash

Dresden , Germany
₴9741
₴14492
₴14821
₴18765
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 000
trade
-
-
-
3 944
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.

-
-
-
9 760
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.

-
-
-
2 933
surtax

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

-
-
-
537
total
-
-
-
17 174
Employee

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

16 422
-
45 000
-
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.

2 933
-
2 933
-
surtax

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

25
-
537
-
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.

459
-
9 760
-
total
3 417
-
13 230
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 578
45 000
-
-
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.

235
372
-
-
income
4 287
6 750
-
-
trade
4 501
7 088
-
-
chamber of commerce
106
130
-
-
total
9 129
14 340
-
-
Dividends
19 449
30 662
-
-
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.

258
412
-
-
withholding
4 699
7 502
-
-
total
4 957
7 914
-
-
Income
45 000
45 000
45 000
45 000
Total tax
17 503
22 254
13 230
17 174
After tax
27 497
22 746
31 770
27 826
Living cost
13 005
13 005
13 005
13 005
Free-cash
14 492
9 741
18 765
14 821

Estimated living cost  is ₴13005 per week

₴8180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1516
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6416
₴6055
₴5430
₴5784
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
municipal
-
-
-
4 715
pensions
-
-
-
5 400
national
-
-
-
7 307
social contributions
-
-
-
484
total
-
-
-
17 906
Employee
33 583
-
38 902
-
municipal
4 148
-
4 889
-
pensions
1 343
-
1 556
-
national
6 428
-
7 577
-
total
11 919
-
14 022
-
Employer
33 583
-
38 902
-
social contributions
361
-
418
-
pensions
2 687
-
3 112
-
total
3 048
-
3 530
-
Corporate
6 153
45 000
-
-
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%.

1 231
9 000
-
-
total
1 231
9 000
-
-
Dividends
4 922
36 000
-
-
withholding
1 083
7 920
-
-
total
1 083
7 920
-
-
Income
45 000
45 000
45 000
45 000
Total tax
17 281
16 920
17 552
17 906
After tax
27 719
28 080
27 448
27 094
Living cost
21 664
21 664
21 664
21 664
Free-cash
6 055
6 416
5 784
5 430

Estimated living cost  is ₴21664 per week

₴14725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
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.
₴4601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27068
₴23546
₴15067
₴16409
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 000
microenterprise
-
-
-
-
income
-
-
-
6 534
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.

-
-
-
14 467
total
-
-
-
21 001
Employee
12 546
-
36 264
-
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.

1 380
-
3 989
-
surtax
-
-
-
-
income
2 233
-
6 934
-
total
3 613
-
10 923
-
Employer
12 546
-
36 264
-
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.

3 022
-
8 736
-
surtax
-
-
-
-
total
3 022
-
8 736
-
Corporate
29 432
45 000
-
-
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%.

5 887
9 000
-
-
total
5 887
9 000
-
-
Dividends

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

23 545
36 000
-
-
total
-
-
-
-
Income
45 000
45 000
45 000
45 000
Total tax
12 522
9 000
19 659
21 001
After tax
32 478
36 000
25 341
23 999
Living cost
8 932
8 932
8 932
8 932
Free-cash
23 546
27 068
16 409
15 067

Estimated living cost  is ₴8932 per week

₴5699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3837
₴1205
₴7545
₴4398
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
9 177
pensions
-
-
-
5 030
health
-
-
-
5 262
total
-
-
-
19 469
Employee
36 665
36 665
38 294
-
health
5 628
4 787
4 880
-
income

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

6 001
6 001
6 001
-
pensions
6 600
5 030
5 030
-
total
18 229
15 818
15 911
-
Employer
36 665
36 665
38 294
-
unemployment
1 320
1 320
1 379
-
pensions
2 552
2 552
2 665
-
health
2 549
2 549
2 661
-
total
6 421
6 421
6 705
-
Corporate
2 364
1 914
-
-
income
473
383
-
-
total
473
383
-
-
Dividends
1 892
1 532
-
-
income
402
325
-
-
withholding
284
230
-
-
total
686
555
-
-
Income
45 000
45 000
45 000
45 000
Total tax
25 809
23 177
22 616
19 469
After tax
19 191
21 823
22 384
25 531
Living cost
17 986
17 986
17 986
17 986
Free-cash
1 205
3 837
4 398
7 545

Estimated living cost  is ₴17986 per week

₴12746
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3332
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8030
₴7659
₴7618
₴7488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
municipal
-
-
-
10 287
accident
-
-
-
72
pensions
-
-
-
3 919
other
-
-
-
4 212
unemployment
-
-
-
36
health
-
-
-
2 262
national
-
-
-
54
total
-
-
-
20 842
Employee
23 568
-
34 241
-
municipal
7 028
-
10 211
-
national
-
-
3
-
total
7 028
-
10 214
-
Employer
23 568
-
34 241
-
accident
47
-
68
-
other
2 739
-
3 979
-
unemployment
622
-
904
-
pensions
2 548
-
3 701
-
health
1 449
-
2 106
-
total
7 405
-
10 758
-
Corporate
14 027
45 000
-
-
income
3 086
9 900
-
-
total
3 086
9 900
-
-
Dividends
10 941
35 100
-
-
withholding
3 282
10 530
-
-
total
3 282
10 530
-
-
Income
45 000
45 000
45 000
45 000
Total tax
20 801
20 430
20 972
20 842
After tax
24 199
24 570
24 028
24 158
Living cost
16 540
16 540
16 540
16 540
Free-cash
7 659
8 030
7 488
7 618

Estimated living cost  is ₴16540 per week

₴10962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
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.
₴3704
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5648
₴11681
₴10784
₴14903
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 000
trade
-
-
-
4 119
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.

-
-
-
9 760
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.

-
-
-
2 933
surtax

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

-
-
-
537
total
-
-
-
17 349
Employee

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

21 773
-
45 000
-
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.

2 933
-
2 933
-
surtax

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

103
-
537
-
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.

1 871
-
9 760
-
total
4 907
-
13 230
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
23 227
45 000
-
-
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
372
-
-
income
3 484
6 750
-
-
trade
3 820
7 402
-
-
chamber of commerce
99
130
-
-
total
7 594
14 654
-
-
Dividends
15 632
30 347
-
-
surtax

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

206
408
-
-
withholding
3 745
7 423
-
-
total
3 951
7 831
-
-
Income
45 000
45 000
45 000
45 000
Total tax
16 452
22 485
13 230
17 349
After tax
28 548
22 515
31 770
27 651
Living cost
16 867
16 867
16 867
16 867
Free-cash
11 681
5 648
14 903
10 784

Estimated living cost  is ₴16867 per week

₴11281
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.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19002
₴17222
₴17766
₴17670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
5 214
health
-
-
-
1 147
social contributions
-
-
-
6 947
total
-
-
-
13 308
Employee
33 015
33 015
40 853
-
social contributions
1 604
2 740
3 391
-
health
328
561
694
-
income
3 467
3 056
5 172
-
total
5 399
6 357
9 257
-
Employer
33 015
33 015
40 853
-
social contributions
1 604
2 740
3 391
-
health
358
611
756
-
total
1 962
3 351
4 147
-
Corporate
23 712
8 634
-
-
income
2 964
1 080
-
-
total
2 964
1 080
-
-
Dividends
20 748
7 554
-
-
withholding
3 527
1 284
-
-
total
3 527
1 284
-
-
Income
45 000
45 000
45 000
45 000
Total tax
13 852
12 072
13 404
13 308
After tax
31 148
32 928
31 596
31 692
Living cost
13 926
13 926
13 926
13 926
Free-cash
17 222
19 002
17 670
17 766

Estimated living cost  is ₴13926 per week

₴9520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
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.
₴3085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17566
₴17728
₴23398
₴18310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
5 501
pensions
-
-
-
4 500
unemployment
-
-
-
675
health
-
-
-
3 150
total
-
-
-
13 826
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.

11 225
4 467
37 657
-
health
786
313
2 636
-
income
1 372
546
4 604
-
pensions
1 123
447
3 766
-
unemployment
168
67
565
-
total
3 449
1 373
11 571
-
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.

11 225
4 467
37 657
-
pensions
2 189
871
7 343
-
total
2 189
871
7 343
-
Corporate
31 586
39 661
-
-
income
2 843
3 570
-
-
total
2 843
3 570
-
-
Dividends
28 743
36 092
-
-
social contributions
5 554
6 987
-
-
withholding
5 461
6 857
-
-
total
11 015
13 844
-
-
Income
45 000
45 000
45 000
45 000
Total tax
19 496
19 658
18 914
13 826
After tax
25 504
25 342
26 086
31 174
Living cost
7 776
7 776
7 776
7 776
Free-cash
17 728
17 566
18 310
23 398

Estimated living cost  is ₴7776 per week

₴5307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
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.
₴1678
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25630
₴22962
₴13750
₴15568
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
6 030
pensions
-
-
-
9 000
health
-
-
-
5 850
total
-
-
-
20 880
Employee
12 180
-
33 632
-
income
1 371
-
6 484
-
pensions
244
-
673
-
unemployment
195
-
538
-
total
1 810
-
7 695
-
Employer
12 180
-
33 632
-
unemployment
98
-
269
-
pensions
2 436
-
6 726
-
health
1 583
-
4 372
-
total
4 117
-
11 367
-
Corporate
28 703
45 000
-
-
income
5 741
9 000
-
-
total
5 741
9 000
-
-
Dividends
22 962
36 000
-
-
total
-
-
-
-
Income
45 000
45 000
45 000
45 000
Total tax
11 668
9 000
19 062
20 880
After tax
33 332
36 000
25 938
24 120
Living cost
10 370
10 370
10 370
10 370
Free-cash
22 962
25 630
15 568
13 750

Estimated living cost  is ₴10370 per week

₴7113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
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.
₴2431
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5732
₴2206
₴21493
₴14010
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
accident
-
-
-
108
income
-
-
-
11 161
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
14 130
Employee
14 750
-
38 709
-
health
1 689
-
4 432
-
income
2 024
-
7 639
-
pensions
1 661
-
3 252
-
total
5 374
-
15 323
-
Employer
14 750
-
38 709
-
accident
246
-
646
-
unemployment
361
-
948
-
pensions
2 398
-
4 696
-
total
3 005
-
6 290
-
Corporate
27 244
45 000
-
-
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.

24 520
40 500
-
-
total
24 520
40 500
-
-
Dividends
2 724
4 500
-
-
withholding
518
855
-
-
total
518
855
-
-
Income
45 000
45 000
45 000
45 000
Total tax
33 417
41 355
21 613
14 130
After tax
11 583
3 645
23 387
30 870
Living cost
9 377
9 377
9 377
9 377
Free-cash
2 206
-5 732
14 010
21 493

Estimated living cost  is ₴9377 per week

₴6872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
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.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38836
₴38103
₴40636
₴32086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
45 000
microenterprise

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

-
-
-
450
total
-
-
-
450
Employee
4 892
-
45 000
-
income
978
-
9 000
-
total
978
-
9 000
-
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%.

40 108
45 000
-
-
total
-
-
-
-
Dividends
40 108
45 000
-
-
withholding
2 005
2 250
-
-
total
2 005
2 250
-
-
Income
45 000
45 000
45 000
45 000
Total tax
2 983
2 250
9 000
450
After tax
42 017
42 750
36 000
44 550
Living cost
3 914
3 914
3 914
3 914
Free-cash
38 103
38 836
32 086
40 636

Estimated living cost  is ₴3914 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21621
₴18721
₴12926
₴14798
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
5 716
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.

-
-
-
10 800
other
-
-
-
2 137
health
-
-
-
1 980
total
-
-
-
20 633
Employee
15 589
-
35 943
-
health
218
-
504
-
income
2 684
-
6 324
-
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.

1 091
-
2 516
-
unemployment
156
-
359
-
total
4 149
-
9 703
-
Employer
15 589
-
35 943
-
accident
125
-
288
-
other
780
-
1 797
-
unemployment
156
-
359
-
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.

2 650
-
6 110
-
health
218
-
504
-
total
3 929
-
9 058
-
Corporate
25 482
45 000
-
-
income
5 351
9 450
-
-
total
5 351
9 450
-
-
Dividends
20 130
35 550
-
-
withholding
1 409
2 488
-
-
total
1 409
2 488
-
-
Income
45 000
45 000
45 000
45 000
Total tax
14 838
11 938
18 761
20 633
After tax
30 162
33 062
26 239
24 367
Living cost
11 441
11 441
11 441
11 441
Free-cash
18 721
21 621
14 798
12 926

Estimated living cost  is ₴11441 per week

₴8083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴772
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.
₴2400
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3911
-₴1497
₴3277
-₴773
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
9 555
pensions
-
-
-
3 266
total
-
-
-
12 821
Employee
40 892
-
39 598
-
health
674
-
647
-
income
7 371
-
7 032
-
pensions
3 945
-
3 790
-
total
11 990
-
11 469
-
Employer
40 892
-
39 598
-
pensions
4 828
-
4 649
-
health
777
-
753
-
total
5 605
-
5 402
-
Corporate
-
45 000
-
-
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.

-
8 550
-
-
total
-
8 550
-
-
Dividends
-
36 450
-
-
withholding
-
3 637
-
-
total
-
3 637
-
-
Income
45 000
45 000
45 000
45 000
Total tax
17 595
12 187
16 871
12 821
After tax
27 405
32 813
28 129
32 179
Living cost
28 902
28 902
28 902
28 902
Free-cash
-1 497
3 911
-773
3 277

Estimated living cost  is ₴28902 per week

₴21657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴32846
₴30851
₴28615
₴30049
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
6 750
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
10 755
Employee
7 454
-
42 058
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
745
-
4 206
-
pensions

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

654
-
1 317
-
total
1 824
-
6 378
-
Employer
7 454
-
42 058
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 653
-
health
515
-
1 035
-
total
1 464
-
2 943
-
Corporate
36 083
45 000
-
-
income
3 608
4 500
-
-
total
3 608
4 500
-
-
Dividends
32 475
40 500
-
-
withholding
1 624
2 025
-
-
total
1 624
2 025
-
-
Income
45 000
45 000
45 000
45 000
Total tax
8 520
6 525
9 321
10 755
After tax
36 480
38 475
35 679
34 245
Living cost
5 630
5 630
5 630
5 630
Free-cash
30 851
32 846
30 049
28 615

Estimated living cost  is ₴5630 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
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.
₴1792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1985
-₴1774
₴1723
-₴1424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
9 177
pensions
-
-
-
5 030
health
-
-
-
5 262
total
-
-
-
19 469
Employee
39 806
36 665
38 294
-
health
4 966
4 787
4 880
-
income

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

6 001
6 001
6 001
-
pensions
5 030
5 030
5 030
-
total
15 997
15 818
15 911
-
Employer
39 806
36 665
38 294
-
unemployment
1 433
1 320
1 379
-
pensions
2 770
2 552
2 665
-
health
2 766
2 549
2 661
-
total
6 969
6 421
6 705
-
Corporate
-
1 914
-
-
income
-
383
-
-
total
-
383
-
-
Dividends
-
1 532
-
-
income
-
325
-
-
withholding
-
230
-
-
total
-
555
-
-
Income
45 000
45 000
45 000
45 000
Total tax
22 966
23 177
22 616
19 469
After tax
22 034
21 823
22 384
25 531
Living cost
23 808
23 808
23 808
23 808
Free-cash
-1 774
-1 985
-1 424
1 723

Estimated living cost  is ₴23808 per week

₴17563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20726
₴17066
₴11660
₴12578
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
3 868
health
-
-
-
6 075
solidarity contribution
-
-
-
-
social contributions
-
-
-
13 140
total
-
-
-
23 083
Employee
15 084
-
33 582
-
social contributions
980
-
2 183
-
health
2 036
-
4 534
-
solidarity contribution
-
-
-
-
income
1 810
-
4 030
-
total
4 826
-
10 747
-
Employer
15 084
-
33 582
-
social contributions
3 771
-
8 396
-
health
1 358
-
3 022
-
total
5 129
-
11 418
-
Corporate
24 787
45 000
-
-
income
4 710
8 550
-
-
total
4 710
8 550
-
-
Dividends
20 078
36 450
-
-
withholding
3 012
5 467
-
-
total
3 012
5 467
-
-
Income
45 000
45 000
45 000
45 000
Total tax
17 677
14 017
22 165
23 083
After tax
27 323
30 983
22 835
21 917
Living cost
10 257
10 257
10 257
10 257
Free-cash
17 066
20 726
12 578
11 660

Estimated living cost  is ₴10257 per week

₴7125
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
₴5893
₴3652
₴4839
₴2696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
municipal
-
-
-
267
regional
-
-
-
500
national
-
-
-
9 703
social contributions
-
-
-
11 574
total
-
-
-
22 044
Employee
38 158
-
45 000
-
social contributions
12 867
-
15 174
-
regional
360
-
438
-
municipal
202
-
239
-
national
6 612
-
8 336
-
total
20 041
-
24 187
-
Employer
38 158
-
45 000
-
total
-
-
-
-
Corporate
6 842
45 000
-
-
nationa
1 642
10 800
-
-
municipal
266
1 755
-
-
total
1 908
12 555
-
-
Dividends
4 933
32 445
-
-
withholding
1 282
8 435
-
-
total
1 282
8 435
-
-
Income
45 000
45 000
45 000
45 000
Total tax
23 231
20 990
24 187
22 044
After tax
21 769
24 010
20 813
22 956
Living cost
18 117
18 117
18 117
18 117
Free-cash
3 652
5 893
2 696
4 839

Estimated living cost  is ₴18117 per week

₴12629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18831
₴17495
₴13455
₴12592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
8 689
pensions
-
-
-
9 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 195
surtax
-
-
-
1 089
total
-
-
-
22 071
Employee
14 198
-
37 175
-
other
-
-
-
-
health
363
-
948
-
surtax
46
-
988
-
income
2 380
-
8 107
-
pensions
947
-
2 479
-
unemployment
988
-
2 588
-
total
4 724
-
15 110
-
Employer
14 198
-
37 175
-
other
-
-
-
-
unemployment
450
-
1 178
-
pensions
1 893
-
4 955
-
health
646
-
1 691
-
total
2 989
-
7 824
-
Corporate
27 813
45 000
-
-
income
7 231
11 700
-
-
total
7 231
11 700
-
-
Dividends
20 582
33 300
-
-
withholding
3 087
4 995
-
-
total
3 087
4 995
-
-
Income
45 000
45 000
45 000
45 000
Total tax
18 031
16 695
22 934
22 071
After tax
26 969
28 305
22 066
22 929
Living cost
9 474
9 474
9 474
9 474
Free-cash
17 495
18 831
12 592
13 455

Estimated living cost  is ₴9474 per week

₴5793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
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.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13068
₴10569
₴12434
₴8384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
9 555
pensions
-
-
-
3 266
total
-
-
-
12 821
Employee
27 405
-
39 598
-
health
398
-
647
-
income
4 936
-
7 032
-
pensions
2 326
-
3 790
-
total
7 660
-
11 469
-
Employer
27 405
-
39 598
-
pensions
2 967
-
4 649
-
health
521
-
753
-
total
3 488
-
5 402
-
Corporate
14 108
45 000
-
-
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.

2 680
8 550
-
-
total
2 680
8 550
-
-
Dividends
11 428
36 450
-
-
withholding
858
3 637
-
-
total
858
3 637
-
-
Income
45 000
45 000
45 000
45 000
Total tax
14 686
12 187
16 871
12 821
After tax
30 314
32 813
28 129
32 179
Living cost
19 745
19 745
19 745
19 745
Free-cash
10 569
13 068
8 384
12 434

Estimated living cost  is ₴19745 per week

₴14793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴12225
₴1809
₴4663
₴2431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
city
-
-
-
474
pensions
-
-
-
4 140
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.

-
-
-
900
regional
-
-
-
1 599
health
-
-
-
107
national
-
-
-
315
total
-
-
-
7 535
Employee
38 387
-
40 277
-
city
412
-
433
-
regional
1 257
-
1 359
-
health
87
-
91
-
pensions
3 225
-
3 383
-
unemployment
-
-
-
-
national
182
-
222
-
total
5 163
-
5 488
-
Employer
38 387
-
40 277
-
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.

768
-
805
-
unemployment
-
-
-
-
pensions
3 225
-
3 383
-
health
87
-
91
-
total
4 080
-
4 279
-
Corporate
2 111
45 000
-
-
regional
447
9 518
-
-
national
179
3 825
-
-
total
626
13 343
-
-
Dividends
1 486
31 658
-
-
withholding
520
11 080
-
-
total
520
11 080
-
-
Income
45 000
45 000
45 000
45 000
Total tax
10 389
24 423
9 767
7 535
After tax
34 611
20 577
35 233
37 465
Living cost
32 802
32 802
32 802
32 802
Free-cash
1 809
-12 225
2 431
4 663

Estimated living cost  is ₴32802 per week

₴21331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2613
₴9578
₴7807
₴12101
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 000
trade
-
-
-
4 294
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.

-
-
-
9 760
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.

-
-
-
2 933
surtax

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

-
-
-
537
total
-
-
-
17 524
Employee

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

25 803
-
45 000
-
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.

2 933
-
2 933
-
surtax

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

167
-
537
-
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.

3 034
-
9 760
-
total
6 134
-
13 230
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
19 197
45 000
-
-
surtax

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

158
372
-
-
income
2 879
6 750
-
-
trade
3 293
7 718
-
-
chamber of commerce
92
129
-
-
total
6 422
14 969
-
-
Dividends
12 775
30 033
-
-
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
404
-
-
withholding
3 030
7 345
-
-
total
3 197
7 749
-
-
Income
45 000
45 000
45 000
45 000
Total tax
15 753
22 718
13 230
17 524
After tax
29 247
22 282
31 770
27 476
Living cost
19 669
19 669
19 669
19 669
Free-cash
9 578
2 613
12 101
7 807

Estimated living cost  is ₴19669 per week

₴14365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7991
₴10526
₴11165
₴13394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
4 577
pensions
-
-
-
10 943
other
-
-
-
1 397
health
-
-
-
946
surtax
-
-
-
-
social contributions
-
-
-
1 282
total
-
-
-
19 145
Employee
18 376
-
36 442
-
social contributions
524
-
1 039
-
surtax
-
-
-
-
income
1 084
-
5 516
-
pensions
2 078
-
1 802
-
total
3 686
-
8 357
-
Employer
18 376
-
36 442
-
other
634
-
1 257
-
social contributions
55
-
109
-
unemployment
744
-
1 476
-
pensions
3 019
-
3 166
-
health
1 287
-
2 551
-
total
5 739
-
8 559
-
Corporate
20 886
45 000
-
-
surtax
-
-
-
-
income
5 848
12 600
-
-
total
5 848
12 600
-
-
Dividends
15 038
32 400
-
-
surtax
-
-
-
-
social contributions
2 586
5 572
-
-
withholding
1 925
4 147
-
-
total
4 511
9 719
-
-
Income
45 000
45 000
45 000
45 000
Total tax
19 784
22 319
16 916
19 145
After tax
25 216
22 681
28 084
25 855
Living cost
14 690
14 690
14 690
14 690
Free-cash
10 526
7 991
13 394
11 165

Estimated living cost  is ₴14690 per week

₴9262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1194
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.
₴3983
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9447
₴11832
₴12621
₴14850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
4 577
pensions
-
-
-
10 943
other
-
-
-
1 397
health
-
-
-
946
surtax
-
-
-
-
social contributions
-
-
-
1 282
total
-
-
-
19 145
Employee
16 403
-
36 442
-
social contributions
468
-
1 039
-
surtax
-
-
-
-
income
846
-
5 516
-
pensions
1 855
-
1 802
-
total
3 169
-
8 357
-
Employer
16 403
-
36 442
-
other
566
-
1 257
-
social contributions
49
-
109
-
unemployment
664
-
1 476
-
pensions
2 695
-
3 166
-
health
1 148
-
2 551
-
total
5 122
-
8 559
-
Corporate
23 475
45 000
-
-
surtax
-
-
-
-
income
6 573
12 600
-
-
total
6 573
12 600
-
-
Dividends
16 902
32 400
-
-
surtax
-
-
-
-
social contributions
2 907
5 572
-
-
withholding
2 163
4 147
-
-
total
5 070
9 719
-
-
Income
45 000
45 000
45 000
45 000
Total tax
19 934
22 319
16 916
19 145
After tax
25 066
22 681
28 084
25 855
Living cost
13 234
13 234
13 234
13 234
Free-cash
11 832
9 447
14 850
12 621

Estimated living cost  is ₴13234 per week

₴7675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18350
₴18573
₴19795
₴19767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
6 750
health
-
-
-
3 141
social contributions
-
-
-
6 210
total
-
-
-
16 101
Employee
14 558
-
45 000
-
social contributions
2 009
-
6 210
-
health
1 016
-
3 141
-
income
2 428
-
6 778
-
total
5 453
-
16 129
-
Employer
14 558
-
45 000
-
total
-
-
-
-
Corporate
30 442
45 000
-
-
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%.

1 522
2 250
-
-
total
1 522
2 250
-
-
Dividends
28 920
42 750
-
-
health
2 019
2 984
-
-
social contributions
3 991
5 900
-
-
withholding
4 338
6 412
-
-
total
10 348
15 296
-
-
Income
45 000
45 000
45 000
45 000
Total tax
17 323
17 546
16 129
16 101
After tax
27 677
27 454
28 871
28 899
Living cost
9 104
9 104
9 104
9 104
Free-cash
18 573
18 350
19 767
19 795

Estimated living cost  is ₴9104 per week

₴6093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10064
₴9396
₴7488
-₴1741
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
chamber of commerce
-
-
-
180
income
-
-
-
7 718
pensions
-
-
-
8 325
unemployment
-
-
-
2 633
health
-
-
-
3 442
surtax
-
-
-
85
total
-
-
-
22 383
Employee
21 457
17 110
34 879
-
other
214
171
349
-
health
830
662
1 350
-
income
2 443
1 262
6 863
-
pensions
2 197
1 752
3 572
-
unemployment
644
513
1 046
-
total
6 328
4 360
13 180
-
Employer
21 457
17 110
34 879
-
accident
279
222
453
-
other
1 019
812
1 656
-
chamber of commerce
86
68
139
-
unemployment
644
513
1 046
-
surtax
85
85
85
-
pensions
2 693
2 148
4 377
-
payroll
644
513
1 046
-
health
811
647
1 318
-
total
6 261
5 008
10 120
-
Corporate
17 284
22 880
33 249
-
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.

4 321
5 720
8 312
-
total
4 321
5 720
8 312
-
Dividends
12 963
17 161
-
-
withholding
3 565
4 719
-
-
total
3 565
4 719
-
-
Income
45 000
45 000
45 000
45 000
Total tax
20 475
19 807
31 612
22 383
After tax
24 525
25 193
13 388
22 617
Living cost
15 129
15 129
15 129
15 129
Free-cash
9 396
10 064
-1 741
7 488

Estimated living cost  is ₴15129 per week

₴10090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9575
₴3137
₴5229
₴1764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
national
-
-
-
14 712
communal

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

-
-
-
2 272
social contributions
-
-
-
7 132
total
-
-
-
24 116
Employee

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

30 712
-
34 853
-
communal

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

1 602
-
1 818
-
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.

1 443
-
1 639
-
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.

2 303
-
2 614
-
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
-
303
-
national
9 442
-
11 062
-
total
15 057
-
17 436
-
Employer

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

30 712
-
34 853
-
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.

399
-
453
-
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.

448
-
509
-
surtax
3 482
-
3 952
-
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.

2 721
-
3 088
-
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.

1 889
-
2 143
-
total
8 939
-
10 145
-
Corporate
5 348
45 000
-
-
surtax
21
180
-
-
income
1 070
9 000
-
-
total
1 091
9 180
-
-
Dividends
4 257
35 820
-
-
withholding

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

1 121
10 590
-
-
total
1 121
10 590
-
-
Income
45 000
45 000
45 000
45 000
Total tax
26 208
19 770
27 581
24 116
After tax
18 792
25 230
17 419
20 884
Living cost
15 655
15 655
15 655
15 655
Free-cash
3 137
9 575
1 764
5 229

Estimated living cost  is ₴15655 per week

₴10084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
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.
₴3957
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14809
₴11388
₴8824
₴8131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
accident
-
-
-
359
income
-
-
-
8 730
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
20 670
Employee
21 372
-
34 122
-
other
21
-
34
-
income
4 509
-
8 321
-
pensions
1 005
-
1 603
-
unemployment
332
-
529
-
total
5 867
-
10 487
-
Employer
21 372
-
34 122
-
accident
423
-
675
-
other
170
-
273
-
unemployment
1 176
-
1 876
-
pensions
5 043
-
8 052
-
total
6 812
-
10 876
-
Corporate
16 815
45 000
-
-
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.

2 523
6 750
-
-
total
2 523
6 750
-
-
Dividends
14 293
38 250
-
-
withholding
2 904
7 935
-
-
total
2 904
7 935
-
-
Income
45 000
45 000
45 000
45 000
Total tax
18 106
14 685
21 363
20 670
After tax
26 894
30 315
23 637
24 330
Living cost
15 506
15 506
15 506
15 506
Free-cash
11 388
14 809
8 131
8 824

Estimated living cost  is ₴15506 per week

₴11418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
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.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4139
₴1114
₴2148
₴4106
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
accident
-
-
-
380
income
-
-
-
4 158
pensions
-
-
-
6 745
health
-
-
-
3 161
surtax
-
-
-
2 231
communal
-
-
-
2 844
total
-
-
-
19 519
Employee
32 515
-
40 197
-
health
1 447
-
1 788
-
surtax
1 993
-
2 463
-
income
3 141
-
5 291
-
pensions
2 601
-
3 216
-
total
9 182
-
12 758
-
Employer
32 515
-
40 197
-
accident
293
-
362
-
pensions
2 601
-
3 216
-
health
992
-
1 225
-
total
3 886
-
4 803
-
Corporate
8 601
45 000
-
-
surtax
90
473
-
-
communal
-
3 037
-
-
income
1 290
6 750
-
-
total
1 380
10 260
-
-
Dividends
7 220
34 740
-
-
income
5 022
2 057
-
-
withholding
1 083
5 211
-
-
total
6 105
7 268
-
-
Income
45 000
45 000
45 000
45 000
Total tax
20 553
17 528
17 561
19 519
After tax
24 447
27 472
27 439
25 481
Living cost
23 333
23 333
23 333
23 333
Free-cash
1 114
4 139
4 106
2 148

Estimated living cost  is ₴23333 per week

₴17503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18661
₴17295
₴13285
₴12422
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
8 689
pensions
-
-
-
9 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 195
surtax
-
-
-
1 089
total
-
-
-
22 071
Employee
14 459
-
37 175
-
other
-
-
-
-
health
369
-
948
-
surtax
51
-
988
-
income
2 424
-
8 107
-
pensions
965
-
2 479
-
unemployment
1 006
-
2 588
-
total
4 815
-
15 110
-
Employer
14 459
-
37 175
-
other
-
-
-
-
unemployment
459
-
1 178
-
pensions
1 928
-
4 955
-
health
658
-
1 691
-
total
3 045
-
7 824
-
Corporate
27 497
45 000
-
-
income
7 149
11 700
-
-
total
7 149
11 700
-
-
Dividends
20 348
33 300
-
-
withholding
3 052
4 995
-
-
total
3 052
4 995
-
-
Income
45 000
45 000
45 000
45 000
Total tax
18 061
16 695
22 934
22 071
After tax
26 939
28 305
22 066
22 929
Living cost
9 644
9 644
9 644
9 644
Free-cash
17 295
18 661
12 422
13 285

Estimated living cost  is ₴9644 per week

₴5822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴838
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.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12086
₴11134
₴11212
₴9079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
municipal
-
-
-
267
regional
-
-
-
678
national
-
-
-
9 703
social contributions
-
-
-
11 574
total
-
-
-
22 222
Employee
23 817
-
45 000
-
social contributions
8 031
-
15 174
-
regional
321
-
606
-
municipal
126
-
239
-
national
3 773
-
8 336
-
total
12 251
-
24 355
-
Employer
23 817
-
45 000
-
total
-
-
-
-
Corporate
21 183
45 000
-
-
nationa
5 084
10 800
-
-
municipal
1 053
2 237
-
-
total
6 137
13 037
-
-
Dividends
15 046
31 964
-
-
withholding
3 912
8 311
-
-
total
3 912
8 311
-
-
Income
45 000
45 000
45 000
45 000
Total tax
22 300
21 348
24 355
22 222
After tax
22 700
23 652
20 645
22 778
Living cost
11 566
11 566
11 566
11 566
Free-cash
11 134
12 086
9 079
11 212

Estimated living cost  is ₴11566 per week

₴7193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
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.
₴3003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴18343
₴13834
₴9277
₴10195
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
3 868
health
-
-
-
6 075
solidarity contribution
-
-
-
-
social contributions
-
-
-
13 140
total
-
-
-
23 083
Employee
18 588
-
33 582
-
social contributions
1 208
-
2 183
-
health
2 509
-
4 534
-
solidarity contribution
-
-
-
-
income
2 230
-
4 030
-
total
5 947
-
10 747
-
Employer
18 588
-
33 582
-
social contributions
4 647
-
8 396
-
health
1 673
-
3 022
-
total
6 320
-
11 418
-
Corporate
20 093
45 000
-
-
income
3 818
8 550
-
-
total
3 818
8 550
-
-
Dividends
16 275
36 450
-
-
withholding
2 441
5 467
-
-
total
2 441
5 467
-
-
Income
45 000
45 000
45 000
45 000
Total tax
18 526
14 017
22 165
23 083
After tax
26 474
30 983
22 835
21 917
Living cost
12 640
12 640
12 640
12 640
Free-cash
13 834
18 343
10 195
9 277

Estimated living cost  is ₴12640 per week

₴9400
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
₴11542
₴11327
₴9004
-₴300
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
chamber of commerce
-
-
-
180
income
-
-
-
7 718
pensions
-
-
-
8 325
unemployment
-
-
-
2 633
health
-
-
-
3 442
surtax
-
-
-
-
total
-
-
-
22 298
Employee
18 768
17 110
34 942
-
other
187
171
350
-
health
726
662
1 353
-
income
1 672
1 262
6 884
-
pensions
1 922
1 752
3 578
-
unemployment
563
513
1 049
-
total
5 070
4 360
13 214
-
Employer
18 768
17 110
34 942
-
accident
244
222
455
-
other
891
812
1 661
-
chamber of commerce
75
68
140
-
unemployment
563
513
1 049
-
surtax
-
-
-
-
pensions
2 356
2 148
4 385
-
payroll
563
513
1 049
-
health
710
647
1 321
-
total
5 402
4 923
10 060
-
Corporate
20 831
22 965
33 312
-
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.

5 207
5 741
8 328
-
total
5 207
5 741
8 328
-
Dividends
15 623
17 224
-
-
withholding
4 296
4 736
-
-
total
4 296
4 736
-
-
Income
45 000
45 000
45 000
45 000
Total tax
19 975
19 760
31 602
22 298
After tax
25 025
25 240
13 398
22 702
Living cost
13 698
13 698
13 698
13 698
Free-cash
11 327
11 542
-300
9 004

Estimated living cost  is ₴13698 per week

₴8217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
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.
₴3838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36651
₴35507
₴38451
₴29901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
45 000
microenterprise

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

-
-
-
450
total
-
-
-
450
Employee
7 624
-
45 000
-
income
1 525
-
9 000
-
total
1 525
-
9 000
-
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%.

37 376
45 000
-
-
total
-
-
-
-
Dividends
37 376
45 000
-
-
withholding
1 869
2 250
-
-
total
1 869
2 250
-
-
Income
45 000
45 000
45 000
45 000
Total tax
3 394
2 250
9 000
450
After tax
41 606
42 750
36 000
44 550
Living cost
6 099
6 099
6 099
6 099
Free-cash
35 507
36 651
29 901
38 451

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
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.
₴1511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19467
₴15876
₴11675
₴10386
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 000
income
-
-
-
9 095
pensions
-
-
-
8 218
unemployment
-
-
-
68
health
-
-
-
4 428
total
-
-
-
21 809
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.

18 986
-
38 937
-
health
1 226
-
2 515
-
income
3 274
-
8 430
-
pensions
2 943
-
6 035
-
unemployment
27
-
55
-
total
7 470
-
17 035
-
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.

18 986
-
38 937
-
unemployment
11
-
24
-
pensions
1 680
-
3 446
-
health
1 265
-
2 593
-
total
2 956
-
6 063
-
Corporate
23 058
45 000
-
-
income
4 381
8 550
-
-
total
4 381
8 550
-
-
Dividends
18 677
36 450
-
-
withholding
2 801
5 467
-
-
total
2 801
5 467
-
-
Income
45 000
45 000
45 000
45 000
Total tax
17 608
14 017
23 098
21 809
After tax
27 392
30 983
21 902
23 191
Living cost
11 516
11 516
11 516
11 516
Free-cash
15 876
19 467
10 386
11 675

Estimated living cost  is ₴11516 per week

₴7903
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8830
-₴19094
₴12551
₴20797
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
8 771
social contributions
-
-
-
5 130
total
-
-
-
13 901
Employee
26 595
-
-
-
social contributions
2 181
-
311
-
income
5 866
-
-
-
total
8 047
-
311
-
Employer
26 595
-
-
-
social contributions
37 499
-
5 344
-
total
37 499
-
5 344
-
Corporate
-
45 000
-
-
income
-
9 900
-
-
total
-
9 900
-
-
Dividends
-
35 100
-
-
income
-
7 722
-
-
total
-
7 722
-
-
Income
45 000
45 000
45 000
45 000
Total tax
45 546
17 622
5 655
13 901
After tax
-546
27 378
39 345
31 099
Living cost
18 548
18 548
18 548
18 548
Free-cash
-19 094
8 830
20 797
12 551

Estimated living cost  is ₴18548 per week

₴12034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1744
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.
₴4532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12129
₴11697
₴11600
₴9186
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 000
income
-
-
-
4 296
surtax
-
-
-
-
social contributions

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

-
-
-
15 637
total
-
-
-
19 933
Employee
19 747
-
36 363
-
social contributions
2 172
-
4 000
-
surtax
-
-
-
-
income
4 107
-
9 710
-
total
6 279
-
13 710
-
Employer
19 747
-
36 363
-
social contributions
4 690
-
8 637
-
total
4 690
-
8 637
-
Corporate
20 563
45 000
-
-
surtax
-
-
-
-
income
4 318
9 450
-
-
total
4 318
9 450
-
-
Dividends
16 245
35 550
-
-
withholding
4 549
9 954
-
-
total
4 549
9 954
-
-
Income
45 000
45 000
45 000
45 000
Total tax
19 836
19 404
22 347
19 933
After tax
25 164
25 596
22 653
25 067
Living cost
13 467
13 467
13 467
13 467
Free-cash
11 697
12 129
9 186
11 600

Estimated living cost  is ₴13467 per week

₴10076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴794
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1944
₴4893
₴5118
₴7347
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
4 577
pensions
-
-
-
10 943
other
-
-
-
1 397
health
-
-
-
946
surtax
-
-
-
-
social contributions
-
-
-
1 282
total
-
-
-
19 145
Employee
26 891
-
36 442
-
social contributions
766
-
1 039
-
surtax
-
-
-
-
income
2 346
-
5 516
-
pensions
3 042
-
1 802
-
total
6 154
-
8 357
-
Employer
26 891
-
36 442
-
other
928
-
1 257
-
social contributions
81
-
109
-
unemployment
1 089
-
1 476
-
pensions
4 419
-
3 166
-
health
1 882
-
2 551
-
total
8 399
-
8 559
-
Corporate
9 710
45 000
-
-
surtax
-
-
-
-
income
2 719
12 600
-
-
total
2 719
12 600
-
-
Dividends
6 991
32 400
-
-
surtax
-
-
-
-
social contributions
1 203
5 572
-
-
withholding
895
4 147
-
-
total
2 098
9 719
-
-
Income
45 000
45 000
45 000
45 000
Total tax
19 370
22 319
16 916
19 145
After tax
25 630
22 681
28 084
25 855
Living cost
20 737
20 737
20 737
20 737
Free-cash
4 893
1 944
7 347
5 118

Estimated living cost  is ₴20737 per week

₴14035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1696
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.
₴4722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27594
₴26151
₴21291
₴22486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
903
social contributions
-
-
-
9 900
total
-
-
-
10 803
Employee
13 803
-
38 961
-
income
-
-
1 036
-
social contributions
897
-
2 533
-
total
897
-
3 569
-
Employer
13 803
-
38 961
-
social contributions
2 140
-
6 039
-
total
2 140
-
6 039
-
Corporate
29 057
45 000
-
-
income
2 906
4 500
-
-
total
2 906
4 500
-
-
Dividends
26 152
40 500
-
-
total
-
-
-
-
Income
45 000
45 000
45 000
45 000
Total tax
5 943
4 500
9 608
10 803
After tax
39 057
40 500
35 392
34 197
Living cost
12 906
12 906
12 906
12 906
Free-cash
26 151
27 594
22 486
21 291

Estimated living cost  is ₴12906 per week

₴8345
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.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3345
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴48535
-₴48535
₴7114
-₴48535
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
municipal
-
-
-
8 465
pensions
-
-
-
372
national
-
-
-
4 804
labour market
-
-
-
3 570
total
-
-
-
17 211
Employee
87 266
87 266
87 266
-
labour market
6 971
6 971
6 971
-
national
10 661
10 661
10 661
-
municipal
18 583
18 583
18 583
-
pensions
124
124
124
-
total
36 339
36 339
36 339
-
Employer
87 266
87 266
87 266
-
labour market
6 981
6 981
6 981
-
municipal
18 612
18 612
18 612
-
pensions
248
248
248
-
national
10 680
10 680
10 680
-
total
36 521
36 521
36 521
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
45 000
45 000
45 000
45 000
Total tax
72 860
72 860
72 860
17 211
After tax
-27 860
-27 860
-27 860
27 789
Living cost
20 675
20 675
20 675
20 675
Free-cash
-48 535
-48 535
-48 535
7 114

Estimated living cost  is ₴20675 per week

₴14150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4378
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5593
₴2228
₴21632
₴14149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
accident
-
-
-
108
income
-
-
-
11 161
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
14 130
Employee
14 532
-
38 709
-
health
1 664
-
4 432
-
income
1 994
-
7 639
-
pensions
1 636
-
3 252
-
total
5 294
-
15 323
-
Employer
14 532
-
38 709
-
accident
243
-
646
-
unemployment
356
-
948
-
pensions
2 363
-
4 696
-
total
2 962
-
6 290
-
Corporate
27 506
45 000
-
-
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.

24 755
40 500
-
-
total
24 755
40 500
-
-
Dividends
2 751
4 500
-
-
withholding
523
855
-
-
total
523
855
-
-
Income
45 000
45 000
45 000
45 000
Total tax
33 534
41 355
21 613
14 130
After tax
11 466
3 645
23 387
30 870
Living cost
9 238
9 238
9 238
9 238
Free-cash
2 228
-5 593
14 149
21 632

Estimated living cost  is ₴9238 per week

₴6724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
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.
₴1814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13279
₴12558
₴15239
₴9025
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
45 000
municipal
-
-
-
8 008
health
-
-
-
514
national
-
-
-
4 755
total
-
-
-
13 277
Employee
22 589
-
37 857
-
health
169
-
404
-
municipal
3 700
-
6 179
-
pensions
1 524
-
2 555
-
unemployment
339
-
568
-
national
373
-
2 642
-
total
6 105
-
12 348
-
Employer
22 589
-
37 857
-
accident
23
-
37
-
unemployment
147
-
246
-
pensions
3 919
-
6 568
-
health
174
-
292
-
total
4 263
-
7 143
-
Corporate
18 149
45 000
-
-
income
3 630
9 000
-
-
total
3 630
9 000
-
-
Dividends

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

10 889
27 000
-
-
national
-
1 377
-
-
municipal
1 960
4 860
-
-
total
1 960
6 237
-
-
Income
45 000
45 000
45 000
45 000
Total tax
15 958
15 237
19 491
13 277
After tax
29 042
29 763
25 509
31 723
Living cost
16 484
16 484
16 484
16 484
Free-cash
12 558
13 279
9 025
15 239

Estimated living cost  is ₴16484 per week

₴10767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
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.
₴3869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22987
₴20650
₴21751
₴21655
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
5 214
health
-
-
-
1 147
social contributions
-
-
-
6 947
total
-
-
-
13 308
Employee
33 015
33 015
40 853
-
social contributions
1 248
2 740
3 391
-
health
256
561
694
-
income
3 595
3 056
5 172
-
total
5 099
6 357
9 257
-
Employer
33 015
33 015
40 853
-
social contributions
1 248
2 740
3 391
-
health
278
611
756
-
total
1 526
3 351
4 147
-
Corporate
28 434
8 634
-
-
income
3 554
1 080
-
-
total
3 554
1 080
-
-
Dividends
24 880
7 554
-
-
withholding
4 230
1 284
-
-
total
4 230
1 284
-
-
Income
45 000
45 000
45 000
45 000
Total tax
14 409
12 072
13 404
13 308
After tax
30 591
32 928
31 596
31 692
Living cost
9 941
9 941
9 941
9 941
Free-cash
20 650
22 987
21 655
21 751

Estimated living cost  is ₴9941 per week

₴5958
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30448
₴28261
₴29560
₴20947
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
45 000
income
-
-
-
4 326
pensions
-
-
-
2 731
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
8 623
Employee

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

9 855
-
40 804
-
health
838
-
3 463
-
income
674
-
3 261
-
pensions
1 478
-
6 111
-
unemployment
49
-
204
-
total
3 039
-
13 039
-
Employer

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

9 855
-
40 804
-
unemployment
49
-
204
-
pensions
542
-
2 241
-
health
424
-
1 752
-
total
1 015
-
4 197
-
Corporate
34 130
45 000
-
-
income
3 072
4 050
-
-
total
3 072
4 050
-
-
Dividends
31 059
40 950
-
-
withholding
2 796
3 685
-
-
total
2 796
3 685
-
-
Income
45 000
45 000
45 000
45 000
Total tax
9 922
7 735
17 236
8 623
After tax
35 078
37 265
27 764
36 377
Living cost
6 817
6 817
6 817
6 817
Free-cash
28 261
30 448
20 947
29 560

Estimated living cost  is ₴6817 per week

₴4349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18508
₴16257
₴12523
₴11830
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
accident
-
-
-
359
income
-
-
-
8 730
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
20 670
Employee
15 876
-
34 122
-
other
15
-
34
-
income
3 061
-
8 321
-
pensions
746
-
1 603
-
unemployment
246
-
529
-
total
4 068
-
10 487
-
Employer
15 876
-
34 122
-
accident
315
-
675
-
other
127
-
273
-
unemployment
873
-
1 876
-
pensions
3 746
-
8 052
-
total
5 061
-
10 876
-
Corporate
24 063
45 000
-
-
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.

3 609
6 750
-
-
total
3 609
6 750
-
-
Dividends
20 453
38 250
-
-
withholding
4 198
7 935
-
-
total
4 198
7 935
-
-
Income
45 000
45 000
45 000
45 000
Total tax
16 936
14 685
21 363
20 670
After tax
28 064
30 315
23 637
24 330
Living cost
11 807
11 807
11 807
11 807
Free-cash
16 257
18 508
11 830
12 523

Estimated living cost  is ₴11807 per week

₴7969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26905
₴26711
₴27385
₴27301
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
14 961
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
16 440
Employee
1 790
-
44 036
-
health
90
-
214
-
income
346
-
14 916
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
15 559
-
Employer
1 790
-
44 036
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
42 807
45 000
-
-
income
9 418
9 900
-
-
total
9 418
9 900
-
-
Dividends
33 389
35 100
-
-
withholding
6 678
7 020
-
-
total
6 678
7 020
-
-
Income
45 000
45 000
45 000
45 000
Total tax
17 114
16 920
16 524
16 440
After tax
27 886
28 080
28 476
28 560
Living cost
1 175
1 175
1 175
1 175
Free-cash
26 711
26 905
27 301
27 385

Estimated living cost  is ₴1175 per week

₴698
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.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25093
₴22982
₴16639
₴16639
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 000
income
-
-
-
8 955
pensions
-
-
-
8 244
unemployment
-
-
-
476
health
-
-
-
3 266
total
-
-
-
20 941
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.

11 188
-
39 325
-
health
576
-
1 633
-
income
1 542
-
8 955
-
pensions
1 566
-
4 439
-
unemployment
84
-
238
-
total
3 768
-
15 265
-
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.

11 188
-
39 325
-
unemployment
84
-
238
-
pensions
1 343
-
3 805
-
health
576
-
1 633
-
total
2 003
-
5 676
-
Corporate
31 809
45 000
-
-
income
4 771
6 750
-
-
total
4 771
6 750
-
-
Dividends
27 038
38 250
-
-
withholding
4 056
5 737
-
-
total
4 056
5 737
-
-
Income
45 000
45 000
45 000
45 000
Total tax
14 598
12 487
20 941
20 941
After tax
30 402
32 513
24 059
24 059
Living cost
7 420
7 420
7 420
7 420
Free-cash
22 982
25 093
16 639
16 639

Estimated living cost  is ₴7420 per week

₴4996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14021
₴13868
₴13492
₴11078
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 000
income
-
-
-
4 296
surtax
-
-
-
-
social contributions

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

-
-
-
15 637
total
-
-
-
19 933
Employee
16 664
-
36 363
-
social contributions
1 833
-
4 000
-
surtax
-
-
-
-
income
3 256
-
9 710
-
total
5 089
-
13 710
-
Employer
16 664
-
36 363
-
social contributions
3 957
-
8 637
-
total
3 957
-
8 637
-
Corporate
24 378
45 000
-
-
surtax
-
-
-
-
income
5 119
9 450
-
-
total
5 119
9 450
-
-
Dividends
19 259
35 550
-
-
withholding
5 392
9 954
-
-
total
5 392
9 954
-
-
Income
45 000
45 000
45 000
45 000
Total tax
19 557
19 404
22 347
19 933
After tax
25 443
25 596
22 653
25 067
Living cost
11 575
11 575
11 575
11 575
Free-cash
13 868
14 021
11 078
13 492

Estimated living cost  is ₴11575 per week

₴8198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
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.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15226
₴11952
₴9241
₴8548
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
accident
-
-
-
359
income
-
-
-
8 730
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
20 670
Employee
20 736
-
34 122
-
other
20
-
34
-
income
4 331
-
8 321
-
pensions
974
-
1 603
-
unemployment
321
-
529
-
total
5 646
-
10 487
-
Employer
20 736
-
34 122
-
accident
411
-
675
-
other
166
-
273
-
unemployment
1 141
-
1 876
-
pensions
4 894
-
8 052
-
total
6 612
-
10 876
-
Corporate
17 653
45 000
-
-
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.

2 648
6 750
-
-
total
2 648
6 750
-
-
Dividends
15 005
38 250
-
-
withholding
3 053
7 935
-
-
total
3 053
7 935
-
-
Income
45 000
45 000
45 000
45 000
Total tax
17 959
14 685
21 363
20 670
After tax
27 041
30 315
23 637
24 330
Living cost
15 089
15 089
15 089
15 089
Free-cash
11 952
15 226
8 548
9 241

Estimated living cost  is ₴15089 per week

₴10837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2867
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31089
₴28472
₴26859
₴28293
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
6 750
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
10 755
Employee
9 780
-
42 058
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
978
-
4 206
-
pensions

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

859
-
1 317
-
total
2 394
-
6 378
-
Employer
9 780
-
42 058
-
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.

1 078
-
1 653
-
health
675
-
1 035
-
total
1 919
-
2 943
-
Corporate
33 301
45 000
-
-
income
3 330
4 500
-
-
total
3 330
4 500
-
-
Dividends
29 971
40 500
-
-
withholding
1 499
2 025
-
-
total
1 499
2 025
-
-
Income
45 000
45 000
45 000
45 000
Total tax
9 142
6 525
9 321
10 755
After tax
35 858
38 475
35 679
34 245
Living cost
7 386
7 386
7 386
7 386
Free-cash
28 472
31 089
28 293
26 859

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
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.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6633
₴12249
₴11601
₴15194
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 000
trade
-
-
-
3 593
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.

-
-
-
9 760
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.

-
-
-
2 933
surtax

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

-
-
-
537
total
-
-
-
16 823
Employee

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

21 363
-
45 000
-
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.

2 933
-
2 933
-
surtax

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

97
-
537
-
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.

1 757
-
9 760
-
total
4 787
-
13 230
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
23 637
45 000
-
-
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.

195
372
-
-
income
3 546
6 750
-
-
trade
3 392
6 457
-
-
chamber of commerce
100
131
-
-
total
7 233
13 710
-
-
Dividends
16 404
31 291
-
-
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.

217
421
-
-
withholding
3 938
7 660
-
-
total
4 155
8 081
-
-
Income
45 000
45 000
45 000
45 000
Total tax
16 175
21 791
13 230
16 823
After tax
28 825
23 209
31 770
28 177
Living cost
16 576
16 576
16 576
16 576
Free-cash
12 249
6 633
15 194
11 601

Estimated living cost  is ₴16576 per week

₴11435
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7042
₴7990
₴5594
₴5594
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
10 903
social contributions
-
-
-
4 045
total
-
-
-
14 948
Employee
33 585
-
45 000
-
income
6 337
-
10 903
-
social contributions
2 790
-
4 045
-
total
9 127
-
14 948
-
Employer
33 585
-
45 000
-
total
-
-
-
-
Corporate
11 415
45 000
-
-
income
1 427
5 625
-
-
total
1 427
5 625
-
-
Dividends
9 988
39 375
-
-
withholding
1 998
7 875
-
-
total
1 998
7 875
-
-
Income
45 000
45 000
45 000
45 000
Total tax
12 552
13 500
14 948
14 948
After tax
32 448
31 500
30 052
30 052
Living cost
24 458
24 458
24 458
24 458
Free-cash
7 990
7 042
5 594
5 594

Estimated living cost  is ₴24458 per week

₴18607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
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.
₴3624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11396
₴12897
₴14313
₴17495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 000
income
-
-
-
12 222
health

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

-
-
-
2 879
total
-
-
-
15 101
Employee
19 696
-
43 025
-
income
2 137
-
7 969
-
social contributions
1 973
-
1 975
-
total
4 110
-
9 944
-
Employer
19 696
-
43 025
-
social contributions
1 973
-
1 975
-
total
1 973
-
1 975
-
Corporate
23 330
45 000
-
-
income
8 166
15 750
-
-
total
8 166
15 750
-
-
Dividends
15 165
29 250
-
-
social contributions
2 268
2 268
-
-
total
2 268
2 268
-
-
Income
45 000
45 000
45 000
45 000
Total tax
16 517
18 018
11 919
15 101
After tax
28 483
26 982
33 081
29 899
Living cost
15 586
15 586
15 586
15 586
Free-cash
12 897
11 396
17 495
14 313

Estimated living cost  is ₴15586 per week

₴10266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16761
₴15226
₴16127
₴12077
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
income
-
-
-
9 555
pensions
-
-
-
3 266
total
-
-
-
12 821
Employee
22 034
-
39 598
-
health
287
-
647
-
income
4 013
-
7 032
-
pensions
1 682
-
3 790
-
total
5 982
-
11 469
-
Employer
22 034
-
39 598
-
pensions
2 226
-
4 649
-
health
419
-
753
-
total
2 645
-
5 402
-
Corporate
20 321
45 000
-
-
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.

3 861
8 550
-
-
total
3 861
8 550
-
-
Dividends
16 460
36 450
-
-
withholding
1 234
3 637
-
-
total
1 234
3 637
-
-
Income
45 000
45 000
45 000
45 000
Total tax
13 722
12 187
16 871
12 821
After tax
31 278
32 813
28 129
32 179
Living cost
16 052
16 052
16 052
16 052
Free-cash
15 226
16 761
12 077
16 127

Estimated living cost  is ₴16052 per week

₴11012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
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.
₴3363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6508
₴2087
₴20717
₴13234
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
accident
-
-
-
108
income
-
-
-
11 161
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
14 130
Employee
15 971
-
38 709
-
health
1 829
-
4 432
-
income
2 191
-
7 639
-
pensions
1 798
-
3 252
-
total
5 818
-
15 323
-
Employer
15 971
-
38 709
-
accident
267
-
646
-
unemployment
391
-
948
-
pensions
2 597
-
4 696
-
total
3 255
-
6 290
-
Corporate
25 774
45 000
-
-
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.

23 197
40 500
-
-
total
23 197
40 500
-
-
Dividends
2 578
4 500
-
-
withholding
490
855
-
-
total
490
855
-
-
Income
45 000
45 000
45 000
45 000
Total tax
32 760
41 355
21 613
14 130
After tax
12 240
3 645
23 387
30 870
Living cost
10 153
10 153
10 153
10 153
Free-cash
2 087
-6 508
13 234
20 717

Estimated living cost  is ₴10153 per week

₴7451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
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.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32081
₴30380
₴19879
₴22834
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 000
work injury
-
-
-
225
health insurance
-
-
-
3 330
income
-
-
-
6 959
pensions
-
-
-
8 280
unemployment
-
-
-
540
total
-
-
-
19 334
Employee

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

9 259
-
45 000
-
work injury
46
-
171
-
income
926
-
6 959
-
pensions
1 704
-
6 303
-
health insurance
685
-
2 535
-
unemployment
111
-
411
-
total
3 472
-
16 379
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 741
45 000
-
-
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%.

-
450
-
-
total
-
450
-
-
Dividends
35 741
44 550
-
-
withholding
5 361
6 682
-
-
total
5 361
6 682
-
-
Income
45 000
45 000
45 000
45 000
Total tax
8 833
7 132
16 379
19 334
After tax
36 167
37 868
28 621
25 666
Living cost
5 787
5 787
5 787
5 787
Free-cash
30 380
32 081
22 834
19 879

Estimated living cost  is ₴5787 per week

₴3585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6599
₴4646
₴5400
₴3342
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 000
municipal
-
-
-
301
regional
-
-
-
918
national
-
-
-
9 703
social contributions
-
-
-
11 574
total
-
-
-
22 496
Employee
36 180
-
45 000
-
social contributions
12 200
-
15 174
-
regional
546
-
776
-
municipal
216
-
268
-
national
6 114
-
8 336
-
total
19 076
-
24 554
-
Employer
36 180
-
45 000
-
total
-
-
-
-
Corporate
8 820
45 000
-
-
nationa
2 117
10 800
-
-
municipal
425
2 169
-
-
total
2 542
12 969
-
-
Dividends
6 278
32 031
-
-
withholding
1 632
8 328
-
-
total
1 632
8 328
-
-
Income
45 000
45 000
45 000
45 000
Total tax
23 250
21 297
24 554
22 496
After tax
21 750
23 703
20 446
22 504
Living cost
17 104
17 104
17 104
17 104
Free-cash
4 646
6 599
3 342
5 400

Estimated living cost  is ₴17104 per week

₴12015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
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.
₴3654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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