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
₴ 45500
per

Your estimated
City
free-cash

Dresden , Germany
₴8402
₴18102
₴14469
₴13738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 500
income

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

-
-
-
8 995
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.

-
-
-
494
health

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

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

-
-
-
3 296
trade
-
-
-
3 633
total
-
-
-
16 418
Employee

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

18 453
-
45 500
-
surtax

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

28
-
494
-
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.

515
-
8 995
-
health

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

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

3 296
-
3 296
-
total
3 839
-
12 785
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 047
45 500
-
-
income
4 057
6 825
-
-
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.

223
375
-
-
chamber of commerce
112
138
-
-
trade
4 260
7 166
-
-
total
8 652
14 504
-
-
Dividends
18 394
30 996
-
-
surtax

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

243
416
-
-
withholding
4 415
7 565
-
-
total
4 658
7 981
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 149
22 485
12 785
16 418
After tax
28 351
23 015
32 715
29 082
Living cost
14 613
14 613
14 613
14 613
Free-cash
13 738
8 402
18 102
14 469

Estimated living cost  is ₴14613 per week

₴9192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1704
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.
₴3444
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2661
₴2261
₴1905
₴1991
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
social contributions
-
-
-
489
municipal
-
-
-
4 673
national
-
-
-
7 242
pensions
-
-
-
5 460
total
-
-
-
17 864
Employee
39 888
-
39 334
-
municipal
4 927
-
4 850
-
pensions
1 596
-
1 573
-
national
7 635
-
7 515
-
total
14 158
-
13 938
-
Employer
39 888
-
39 334
-
pensions
3 191
-
3 147
-
social contributions
429
-
423
-
total
3 620
-
3 570
-
Corporate
-
45 500
-
-
income

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

-
9 100
-
-
total
-
9 100
-
-
Dividends
-
36 400
-
-
withholding
-
8 008
-
-
total
-
8 008
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 778
17 108
17 508
17 864
After tax
27 722
28 392
27 992
27 636
Living cost
25 731
25 731
25 731
25 731
Free-cash
1 991
2 661
2 261
1 905

Estimated living cost  is ₴25731 per week

₴17489
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2392
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴385
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5465
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26363
₴15641
₴14284
₴22405
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 500
income
-
-
-
6 551
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.

-
-
-
14 628
microenterprise
-
-
-
-
total
-
-
-
21 179
Employee
14 098
-
36 667
-
surtax
-
-
-
-
social contributions

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

1 551
-
4 033
-
income
2 510
-
6 956
-
total
4 061
-
10 989
-
Employer
14 098
-
36 667
-
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.

3 396
-
8 833
-
surtax
-
-
-
-
total
3 396
-
8 833
-
Corporate
28 006
45 500
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

5 601
9 100
-
-
total
5 601
9 100
-
-
Dividends

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

22 405
36 400
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
13 058
9 100
19 822
21 179
After tax
32 442
36 400
25 678
24 321
Living cost
10 037
10 037
10 037
10 037
Free-cash
22 405
26 363
15 641
14 284

Estimated living cost  is ₴10037 per week

₴6403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴956
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2450
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴298
-₴2410
₴5630
-₴2410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 382
health
-
-
-
5 624
pensions
-
-
-
5 653
total
-
-
-
19 659
Employee
41 201
41 201
41 201
-
pensions
7 416
5 653
7 416
-
income

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

6 744
6 744
6 744
-
health
6 324
5 379
6 324
-
total
20 484
17 776
20 484
-
Employer
41 201
41 201
41 201
-
health
2 864
2 864
2 864
-
pensions
2 868
2 868
2 868
-
unemployment
1 483
1 483
1 483
-
total
7 215
7 215
7 215
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
27 699
24 991
27 699
19 659
After tax
17 801
20 509
17 801
25 841
Living cost
20 211
20 211
20 211
20 211
Free-cash
-2 410
298
-2 410
5 630

Estimated living cost  is ₴20211 per week

₴14323
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1822
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5423
₴4878
₴3858
₴4988
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
85
other
-
-
-
4 946
unemployment
-
-
-
43
health
-
-
-
2 656
municipal
-
-
-
9 891
national
-
-
-
-
pensions
-
-
-
4 601
total
-
-
-
22 222
Employee
27 672
-
34 622
-
municipal
8 252
-
10 324
-
national
-
-
-
-
total
8 252
-
10 324
-
Employer
27 672
-
34 622
-
health
1 702
-
2 129
-
pensions
2 991
-
3 743
-
accident
55
-
69
-
unemployment
731
-
914
-
other
3 215
-
4 023
-
total
8 694
-
10 878
-
Corporate
9 134
45 500
-
-
income
2 009
10 010
-
-
total
2 009
10 010
-
-
Dividends
7 125
35 490
-
-
withholding
2 137
10 647
-
-
total
2 137
10 647
-
-
Income
45 500
45 500
45 500
45 500
Total tax
21 092
20 657
21 202
22 222
After tax
24 408
24 843
24 298
23 278
Living cost
19 420
19 420
19 420
19 420
Free-cash
4 988
5 423
4 878
3 858

Estimated living cost  is ₴19420 per week

₴12871
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4349
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3826
₴13762
₴9967
₴10606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 500
income

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

-
-
-
8 995
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.

-
-
-
494
health

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

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

-
-
-
3 296
trade
-
-
-
3 795
total
-
-
-
16 580
Employee

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

24 467
-
45 500
-
surtax

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

115
-
494
-
income

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

2 102
-
8 995
-
health

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

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

3 296
-
3 296
-
total
5 513
-
12 785
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 033
45 500
-
-
income
3 155
6 825
-
-
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.

174
375
-
-
chamber of commerce
103
138
-
-
trade
3 460
7 485
-
-
total
6 892
14 823
-
-
Dividends
14 141
30 677
-
-
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.

184
412
-
-
withholding
3 352
7 486
-
-
total
3 536
7 898
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 941
22 721
12 785
16 580
After tax
29 559
22 779
32 715
28 920
Living cost
18 953
18 953
18 953
18 953
Free-cash
10 606
3 826
13 762
9 967

Estimated living cost  is ₴18953 per week

₴12676
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1999
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17672
₴16956
₴17003
₴15671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
4 590
social contributions
-
-
-
7 098
health
-
-
-
1 160
total
-
-
-
12 848
Employee
37 099
37 099
41 307
-
social contributions
1 803
3 079
3 429
-
income
3 896
3 434
4 570
-
health
369
631
702
-
total
6 068
7 144
8 701
-
Employer
37 099
37 099
41 307
-
health
402
687
765
-
social contributions
1 803
3 079
3 429
-
total
2 205
3 766
4 194
-
Corporate
21 579
4 635
-
-
income
2 697
580
-
-
total
2 697
580
-
-
Dividends
18 882
4 055
-
-
withholding
3 210
689
-
-
total
3 210
689
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 180
12 179
12 895
12 848
After tax
31 320
33 321
32 605
32 652
Living cost
15 649
15 649
15 649
15 649
Free-cash
15 671
17 672
16 956
17 003

Estimated living cost  is ₴15649 per week

₴10698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1222
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3466
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17011
₴17748
₴22893
₴17191
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
5 562
unemployment
-
-
-
682
health
-
-
-
3 185
pensions
-
-
-
4 550
total
-
-
-
13 979
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.

12 455
4 957
38 075
-
unemployment
187
74
571
-
pensions
1 245
496
3 808
-
income
1 523
606
4 655
-
health
872
347
2 665
-
total
3 827
1 523
11 699
-
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.

12 455
4 957
38 075
-
pensions
2 429
967
7 425
-
total
2 429
967
7 425
-
Corporate
30 617
39 577
-
-
income
2 755
3 562
-
-
total
2 755
3 562
-
-
Dividends
27 861
36 015
-
-
social contributions
5 376
6 966
-
-
withholding
5 294
6 843
-
-
total
10 670
13 809
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 681
19 861
19 124
13 979
After tax
25 819
25 639
26 376
31 521
Living cost
8 628
8 628
8 628
8 628
Free-cash
17 191
17 011
17 748
22 893

Estimated living cost  is ₴8628 per week

₴5888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24747
₴14573
₴12735
₴21748
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
6 097
health
-
-
-
5 915
pensions
-
-
-
9 100
total
-
-
-
21 112
Employee
13 687
-
34 006
-
unemployment
219
-
544
-
pensions
274
-
680
-
income
1 541
-
6 556
-
total
2 034
-
7 780
-
Employer
13 687
-
34 006
-
health
1 779
-
4 420
-
pensions
2 738
-
6 802
-
unemployment
110
-
272
-
total
4 627
-
11 494
-
Corporate
27 187
45 500
-
-
income
5 438
9 100
-
-
total
5 438
9 100
-
-
Dividends
21 749
36 400
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
12 099
9 100
19 274
21 112
After tax
33 401
36 400
26 226
24 388
Living cost
11 653
11 653
11 653
11 653
Free-cash
21 748
24 747
14 573
12 735

Estimated living cost  is ₴11653 per week

₴7993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
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.
₴2732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7004
₴12616
₴20558
₴2045
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
123
income
-
-
-
10 868
other
-
-
-
180
health
-
-
-
1 060
pensions
-
-
-
2 022
total
-
-
-
14 253
Employee
16 814
-
38 559
-
pensions
1 893
-
3 707
-
income
2 307
-
7 131
-
health
1 925
-
4 415
-
total
6 125
-
15 253
-
Employer
16 814
-
38 559
-
pensions
2 734
-
5 353
-
accident
281
-
644
-
unemployment
412
-
945
-
total
3 427
-
6 942
-
Corporate
25 260
45 500
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

22 734
40 950
-
-
total
22 734
40 950
-
-
Dividends
2 526
4 550
-
-
withholding
480
865
-
-
total
480
865
-
-
Income
45 500
45 500
45 500
45 500
Total tax
32 766
41 815
22 195
14 253
After tax
12 734
3 685
23 305
31 247
Living cost
10 689
10 689
10 689
10 689
Free-cash
2 045
-7 004
12 616
20 558

Estimated living cost  is ₴10689 per week

₴7834
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.
₴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.
₴2040
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39197
₴32372
₴41017
₴38442
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
45 500
microenterprise

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

-
-
-
455
total
-
-
-
455
Employee
5 035
-
45 500
-
income
1 007
-
9 100
-
total
1 007
-
9 100
-
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%.

40 465
45 500
-
-
total
-
-
-
-
Dividends
40 465
45 500
-
-
withholding
2 023
2 275
-
-
total
2 023
2 275
-
-
Income
45 500
45 500
45 500
45 500
Total tax
3 030
2 275
9 100
455
After tax
42 470
43 225
36 400
45 045
Living cost
4 028
4 028
4 028
4 028
Free-cash
38 442
39 197
32 372
41 017

Estimated living cost  is ₴4028 per week

₴2496
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20573
₴13815
₴11781
₴17315
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
5 779
other
-
-
-
2 162
health
-
-
-
2 002
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.

-
-
-
10 920
total
-
-
-
20 863
Employee
17 518
-
36 342
-
unemployment
175
-
363
-
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.

1 226
-
2 544
-
income
3 016
-
6 256
-
health
245
-
509
-
total
4 662
-
9 672
-
Employer
17 518
-
36 342
-
health
245
-
509
-
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.

2 978
-
6 178
-
accident
140
-
291
-
unemployment
175
-
363
-
other
876
-
1 816
-
total
4 414
-
9 157
-
Corporate
23 567
45 500
-
-
income
4 950
9 555
-
-
total
4 950
9 555
-
-
Dividends
18 618
35 945
-
-
withholding
1 303
2 516
-
-
total
1 303
2 516
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 329
12 071
18 829
20 863
After tax
30 171
33 429
26 671
24 637
Living cost
12 856
12 856
12 856
12 856
Free-cash
17 315
20 573
13 815
11 781

Estimated living cost  is ₴12856 per week

₴9083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
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.
₴2697
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1854
-₴3573
₴1111
-₴6232
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 941
pensions
-
-
-
3 292
total
-
-
-
12 233
Employee
45 496
-
40 109
-
pensions
4 389
-
3 742
-
income
8 201
-
7 145
-
health
750
-
640
-
total
13 340
-
11 527
-
Employer
45 496
-
40 109
-
health
864
-
762
-
pensions
5 372
-
4 628
-
total
6 236
-
5 390
-
Corporate
-
45 500
-
-
income

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

-
8 645
-
-
total
-
8 645
-
-
Dividends
-
36 855
-
-
withholding
-
2 845
-
-
total
-
2 845
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 576
11 490
16 917
12 233
After tax
25 924
34 010
28 583
33 267
Living cost
32 156
32 156
32 156
32 156
Free-cash
-6 232
1 854
-3 573
1 111

Estimated living cost  is ₴32156 per week

₴24095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3778
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.
₴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

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
₴32578
₴29211
₴27852
₴30339
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
6 825
unemployment
-
-
-
67
health
-
-
-
1 938
pensions

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

-
-
-
2 494
total
-
-
-
11 324
Employee
8 374
-
42 194
-
accident

We are using the highest rate at 1.1%.

92
-
185
-
pensions

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

735
-
1 479
-
income
837
-
4 220
-
health
385
-
775
-
total
2 049
-
6 659
-
Employer
8 374
-
42 194
-
health
578
-
1 163
-
pensions

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

923
-
1 857
-
accident

We are using the highest rate at 1.1%.

92
-
185
-
unemployment
50
-
101
-
total
1 643
-
3 306
-
Corporate
35 483
45 500
-
-
income
3 548
4 550
-
-
total
3 548
4 550
-
-
Dividends
31 934
40 950
-
-
withholding
1 597
2 048
-
-
total
1 597
2 048
-
-
Income
45 500
45 500
45 500
45 500
Total tax
8 837
6 598
9 965
11 324
After tax
36 663
38 902
35 535
34 176
Living cost
6 324
6 324
6 324
6 324
Free-cash
30 339
32 578
29 211
27 852

Estimated living cost  is ₴6324 per week

₴3692
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴452
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴168
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2013
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6244
-₴8952
-₴912
-₴7061
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 382
health
-
-
-
5 624
pensions
-
-
-
5 653
total
-
-
-
19 659
Employee
44 731
41 201
41 201
-
pensions
5 653
5 653
7 416
-
income

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

6 744
6 744
6 744
-
health
5 580
5 379
6 324
-
total
17 977
17 776
20 484
-
Employer
44 731
41 201
41 201
-
health
3 108
2 864
2 864
-
pensions
3 113
2 868
2 868
-
unemployment
1 610
1 483
1 483
-
total
7 831
7 215
7 215
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
25 808
24 991
27 699
19 659
After tax
19 692
20 509
17 801
25 841
Living cost
26 753
26 753
26 753
26 753
Free-cash
-7 061
-6 244
-8 952
-912

Estimated living cost  is ₴26753 per week

₴19735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2390
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4322
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19463
₴11225
₴10297
₴15230
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
3 911
social contributions
-
-
-
13 286
solidarity contribution
-
-
-
-
health
-
-
-
6 142
total
-
-
-
23 339
Employee
17 447
-
33 955
-
solidarity contribution
-
-
-
-
social contributions
1 134
-
2 207
-
income
2 094
-
4 075
-
health
2 355
-
4 584
-
total
5 583
-
10 866
-
Employer
17 447
-
33 955
-
health
1 570
-
3 056
-
social contributions
4 362
-
8 489
-
total
5 932
-
11 545
-
Corporate
22 121
45 500
-
-
income
4 203
8 645
-
-
total
4 203
8 645
-
-
Dividends
17 918
36 855
-
-
withholding
2 688
5 528
-
-
total
2 688
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 406
14 173
22 411
23 339
After tax
27 094
31 327
23 089
22 161
Living cost
11 864
11 864
11 864
11 864
Free-cash
15 230
19 463
11 225
10 297

Estimated living cost  is ₴11864 per week

₴8241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2546
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3919
₴1032
₴3199
₴1397
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
social contributions
-
-
-
11 703
regional
-
-
-
497
municipal
-
-
-
270
national
-
-
-
9 473
total
-
-
-
21 943
Employee
42 879
-
45 500
-
municipal
227
-
242
-
national
7 430
-
8 091
-
regional
405
-
435
-
social contributions
14 459
-
15 342
-
total
22 521
-
24 110
-
Employer
42 879
-
45 500
-
total
-
-
-
-
Corporate
2 621
45 500
-
-
municipal
103
1 774
-
-
nationa
629
10 920
-
-
total
732
12 694
-
-
Dividends
1 890
32 806
-
-
withholding
492
8 529
-
-
total
492
8 529
-
-
Income
45 500
45 500
45 500
45 500
Total tax
23 745
21 223
24 110
21 943
After tax
21 755
24 277
21 390
23 557
Living cost
20 358
20 358
20 358
20 358
Free-cash
1 397
3 919
1 032
3 199

Estimated living cost  is ₴20358 per week

₴14191
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17974
₴12167
₴13045
₴16473
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 387
other
-
-
-
-
surtax
-
-
-
982
unemployment
-
-
-
110
health
-
-
-
3 230
pensions
-
-
-
9 100
total
-
-
-
21 809
Employee
15 955
-
37 588
-
other
-
-
-
-
unemployment
1 111
-
2 616
-
pensions
1 064
-
2 507
-
surtax
52
-
882
-
income
2 674
-
7 812
-
health
407
-
959
-
total
5 308
-
14 776
-
Employer
15 955
-
37 588
-
health
726
-
1 710
-
pensions
2 127
-
5 010
-
unemployment
505
-
1 191
-
other
-
-
-
-
total
3 358
-
7 911
-
Corporate
26 187
45 500
-
-
income
6 808
11 830
-
-
total
6 808
11 830
-
-
Dividends
19 379
33 670
-
-
withholding
2 907
5 050
-
-
total
2 907
5 050
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 381
16 880
22 687
21 809
After tax
27 119
28 620
22 813
23 691
Living cost
10 646
10 646
10 646
10 646
Free-cash
16 473
17 974
12 167
13 045

Estimated living cost  is ₴10646 per week

₴6510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴982
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.
₴2909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12042
₴6615
₴11299
₴8338
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 941
pensions
-
-
-
3 292
total
-
-
-
12 233
Employee
30 490
-
40 109
-
pensions
2 588
-
3 742
-
income
5 491
-
7 145
-
health
443
-
640
-
total
8 522
-
11 527
-
Employer
30 490
-
40 109
-
health
579
-
762
-
pensions
3 301
-
4 628
-
total
3 880
-
5 390
-
Corporate
11 130
45 500
-
-
income

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

2 115
8 645
-
-
total
2 115
8 645
-
-
Dividends
9 015
36 855
-
-
withholding
677
2 845
-
-
total
677
2 845
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 194
11 490
16 917
12 233
After tax
30 306
34 010
28 583
33 267
Living cost
21 968
21 968
21 968
21 968
Free-cash
8 338
12 042
6 615
11 299

Estimated living cost  is ₴21968 per week

₴16458
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴17624
-₴2629
-₴294
-₴3758
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
other

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

-
-
-
910
regional
-
-
-
1 453
health
-
-
-
125
city
-
-
-
480
national
-
-
-
210
pensions
-
-
-
4 186
total
-
-
-
7 364
Employee
44 973
-
40 725
-
unemployment
-
-
-
-
pensions
3 778
-
3 421
-
national
213
-
179
-
regional
1 473
-
1 243
-
city
483
-
437
-
health
102
-
92
-
total
6 049
-
5 372
-
Employer
44 973
-
40 725
-
health
102
-
92
-
pensions
3 778
-
3 421
-
unemployment
-
-
-
-
other

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

899
-
814
-
total
4 779
-
4 327
-
Corporate
-
45 500
-
-
regional
-
9 624
-
-
national
-
3 867
-
-
total
-
13 491
-
-
Dividends
-
32 009
-
-
withholding
-
11 203
-
-
total
-
11 203
-
-
Income
45 500
45 500
45 500
45 500
Total tax
10 828
24 694
9 699
7 364
After tax
34 672
20 806
35 801
38 136
Living cost
38 430
38 430
38 430
38 430
Free-cash
-3 758
-17 624
-2 629
-294

Estimated living cost  is ₴38430 per week

₴24991
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3449
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴472
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴445
₴10613
₴6657
₴8266
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 500
income

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

-
-
-
8 995
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.

-
-
-
494
health

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

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

-
-
-
3 296
trade
-
-
-
3 956
total
-
-
-
16 741
Employee

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

28 995
-
45 500
-
surtax

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

188
-
494
-
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.

3 410
-
8 995
-
health

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

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

3 296
-
3 296
-
total
6 894
-
12 785
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 505
45 500
-
-
income
2 476
6 825
-
-
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.

136
375
-
-
chamber of commerce
96
137
-
-
trade
2 831
7 803
-
-
total
5 539
15 140
-
-
Dividends
10 965
30 359
-
-
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.

141
407
-
-
withholding
2 558
7 406
-
-
total
2 699
7 813
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 132
22 953
12 785
16 741
After tax
30 368
22 547
32 715
28 759
Living cost
22 102
22 102
22 102
22 102
Free-cash
8 266
445
10 613
6 657

Estimated living cost  is ₴22102 per week

₴16142
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3905
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6425
₴9467
₴9772
₴9275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
3 945
other
-
-
-
1 412
surtax
-
-
-
-
social contributions
-
-
-
1 296
health
-
-
-
691
pensions
-
-
-
11 877
total
-
-
-
19 221
Employee
20 649
-
34 671
-
pensions
2 335
-
3 921
-
surtax
-
-
-
-
social contributions
589
-
988
-
income
1 219
-
3 790
-
total
4 143
-
8 699
-
Employer
20 649
-
34 671
-
health
1 446
-
2 427
-
pensions
3 392
-
5 696
-
unemployment
836
-
1 404
-
social contributions
62
-
104
-
other
712
-
1 196
-
total
6 448
-
10 827
-
Corporate
18 403
45 500
-
-
income
5 153
12 740
-
-
surtax
-
-
-
-
total
5 153
12 740
-
-
Dividends
13 250
32 760
-
-
surtax
-
-
-
-
social contributions
2 278
5 635
-
-
withholding
1 696
4 193
-
-
total
3 974
9 828
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 718
22 568
19 526
19 221
After tax
25 782
22 932
25 974
26 279
Living cost
16 507
16 507
16 507
16 507
Free-cash
9 275
6 425
9 467
9 772

Estimated living cost  is ₴16507 per week

₴10408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8061
₴11103
₴11408
₴10740
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
3 945
other
-
-
-
1 412
surtax
-
-
-
-
social contributions
-
-
-
1 296
health
-
-
-
691
pensions
-
-
-
11 877
total
-
-
-
19 221
Employee
18 432
-
34 671
-
pensions
2 085
-
3 921
-
surtax
-
-
-
-
social contributions
526
-
988
-
income
950
-
3 790
-
total
3 561
-
8 699
-
Employer
18 432
-
34 671
-
health
1 290
-
2 427
-
pensions
3 029
-
5 696
-
unemployment
746
-
1 404
-
social contributions
55
-
104
-
other
636
-
1 196
-
total
5 756
-
10 827
-
Corporate
21 312
45 500
-
-
income
5 968
12 740
-
-
surtax
-
-
-
-
total
5 968
12 740
-
-
Dividends
15 344
32 760
-
-
surtax
-
-
-
-
social contributions
2 640
5 635
-
-
withholding
1 964
4 193
-
-
total
4 604
9 828
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 889
22 568
19 526
19 221
After tax
25 611
22 932
25 974
26 279
Living cost
14 871
14 871
14 871
14 871
Free-cash
10 740
8 061
11 103
11 408

Estimated living cost  is ₴14871 per week

₴8625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1511
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4454
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17528
₴19211
₴18989
₴17777
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
6 825
social contributions
-
-
-
6 279
health
-
-
-
3 176
total
-
-
-
16 280
Employee
16 358
-
45 500
-
social contributions
2 258
-
6 279
-
income
2 728
-
6 603
-
health
1 142
-
3 176
-
total
6 128
-
16 058
-
Employer
16 358
-
45 500
-
total
-
-
-
-
Corporate
29 142
45 500
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

1 457
2 275
-
-
total
1 457
2 275
-
-
Dividends
27 685
43 225
-
-
social contributions
3 821
5 965
-
-
withholding
4 153
6 484
-
-
health
1 933
3 017
-
-
total
9 907
15 466
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 492
17 741
16 058
16 280
After tax
28 008
27 759
29 442
29 220
Living cost
10 231
10 231
10 231
10 231
Free-cash
17 777
17 528
19 211
18 989

Estimated living cost  is ₴10231 per week

₴6847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴631
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.
₴2517
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8554
-₴2840
₴6264
₴7807
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
7 101
surtax
-
-
-
95
unemployment
-
-
-
2 959
chamber of commerce
-
-
-
182
health
-
-
-
3 481
pensions
-
-
-
8 418
total
-
-
-
22 236
Employee
24 111
19 227
35 258
-
other
241
192
352
-
unemployment
723
577
1 057
-
pensions
2 469
1 968
3 610
-
income
2 745
1 418
6 359
-
health
933
744
1 364
-
total
7 111
4 899
12 742
-
Employer
24 111
19 227
35 258
-
chamber of commerce
96
77
141
-
health
911
727
1 333
-
pensions
3 026
2 413
4 425
-
accident
313
250
459
-
unemployment
723
577
1 057
-
surtax
95
95
95
-
payroll
723
577
1 057
-
other
1 145
913
1 675
-
total
7 032
5 629
10 242
-
Corporate
14 355
20 644
33 426
-
income

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

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

3 589
5 161
8 356
-
total
3 589
5 161
8 356
-
Dividends
10 766
15 483
-
-
withholding
2 961
4 257
-
-
total
2 961
4 257
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 693
19 946
31 340
22 236
After tax
24 807
25 554
14 160
23 264
Living cost
17 000
17 000
17 000
17 000
Free-cash
7 807
8 554
-2 840
6 264

Estimated living cost  is ₴17000 per week

₴11338
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1450
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3932
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7938
₴310
₴4115
₴702
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
communal

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

-
-
-
2 313
social contributions
-
-
-
6 950
national
-
-
-
14 531
total
-
-
-
23 794
Employee

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

34 511
-
35 242
-
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.

300
-
307
-
communal

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

1 800
-
1 838
-
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.

2 588
-
2 643
-
national
10 610
-
10 896
-
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.

1 621
-
1 656
-
total
16 919
-
17 340
-
Employer

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

34 511
-
35 242
-
health

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

2 122
-
2 168
-
pensions

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

3 058
-
3 122
-
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.

449
-
458
-
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.

504
-
515
-
surtax
3 913
-
3 996
-
total
10 046
-
10 259
-
Corporate
943
45 500
-
-
income
189
9 100
-
-
surtax
4
182
-
-
total
193
9 282
-
-
Dividends
751
36 218
-
-
withholding

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

49
10 689
-
-
total
49
10 689
-
-
Income
45 500
45 500
45 500
45 500
Total tax
27 207
19 971
27 599
23 794
After tax
18 293
25 529
17 901
21 706
Living cost
17 591
17 591
17 591
17 591
Free-cash
702
7 938
310
4 115

Estimated living cost  is ₴17591 per week

₴11331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1538
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4447
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13239
₴6867
₴6714
₴9395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
403
income
-
-
-
7 946
other
-
-
-
45
unemployment
-
-
-
313
pensions
-
-
-
12 655
total
-
-
-
21 362
Employee
24 016
-
34 501
-
other
24
-
35
-
unemployment
373
-
535
-
pensions
1 129
-
1 621
-
income
5 067
-
8 019
-
total
6 593
-
10 210
-
Employer
24 016
-
34 501
-
pensions
5 667
-
8 142
-
accident
475
-
683
-
unemployment
1 321
-
1 898
-
other
191
-
276
-
total
7 654
-
10 999
-
Corporate
13 829
45 500
-
-
income

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

2 075
6 825
-
-
total
2 075
6 825
-
-
Dividends
11 754
38 675
-
-
withholding
2 359
8 012
-
-
total
2 359
8 012
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 681
14 837
21 209
21 362
After tax
26 819
30 663
24 291
24 138
Living cost
17 424
17 424
17 424
17 424
Free-cash
9 395
13 239
6 867
6 714

Estimated living cost  is ₴17424 per week

₴12831
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1236
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.
₴3106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1710
₴2275
₴153
-₴1438
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
communal
-
-
-
2 876
accident
-
-
-
384
income
-
-
-
3 595
surtax
-
-
-
2 256
health
-
-
-
3 197
pensions
-
-
-
6 820
total
-
-
-
19 128
Employee
36 537
-
40 643
-
pensions
2 922
-
3 251
-
surtax
2 239
-
2 491
-
income
3 529
-
4 599
-
health
1 626
-
1 808
-
total
10 316
-
12 149
-
Employer
36 537
-
40 643
-
health
1 114
-
1 240
-
pensions
2 922
-
3 251
-
accident
329
-
366
-
total
4 365
-
4 857
-
Corporate
4 598
45 500
-
-
communal
-
3 071
-
-
income
689
6 825
-
-
surtax
49
478
-
-
total
738
10 374
-
-
Dividends
3 860
35 127
-
-
income
4 721
1 928
-
-
withholding
579
5 269
-
-
total
5 300
7 197
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 719
17 571
17 006
19 128
After tax
24 781
27 929
28 494
26 372
Living cost
26 219
26 219
26 219
26 219
Free-cash
-1 438
1 710
2 275
153

Estimated living cost  is ₴26219 per week

₴19668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1589
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4684
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17783
₴11976
₴12854
₴16246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 387
other
-
-
-
-
surtax
-
-
-
982
unemployment
-
-
-
110
health
-
-
-
3 230
pensions
-
-
-
9 100
total
-
-
-
21 809
Employee
16 248
-
37 588
-
other
-
-
-
-
unemployment
1 131
-
2 616
-
pensions
1 084
-
2 507
-
surtax
58
-
882
-
income
2 724
-
7 812
-
health
415
-
959
-
total
5 412
-
14 776
-
Employer
16 248
-
37 588
-
health
739
-
1 710
-
pensions
2 166
-
5 010
-
unemployment
515
-
1 191
-
other
-
-
-
-
total
3 420
-
7 911
-
Corporate
25 832
45 500
-
-
income
6 717
11 830
-
-
total
6 717
11 830
-
-
Dividends
19 115
33 670
-
-
withholding
2 868
5 050
-
-
total
2 868
5 050
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 417
16 880
22 687
21 809
After tax
27 083
28 620
22 813
23 691
Living cost
10 837
10 837
10 837
10 837
Free-cash
16 246
17 783
11 976
12 854

Estimated living cost  is ₴10837 per week

₴6543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴942
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.
₴3101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10919
₴8216
₴10371
₴9848
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
social contributions
-
-
-
11 703
regional
-
-
-
686
municipal
-
-
-
270
national
-
-
-
9 473
total
-
-
-
22 132
Employee
26 763
-
45 500
-
municipal
142
-
242
-
national
4 240
-
8 091
-
regional
360
-
612
-
social contributions
9 025
-
15 342
-
total
13 767
-
24 287
-
Employer
26 763
-
45 500
-
total
-
-
-
-
Corporate
18 737
45 500
-
-
municipal
931
2 261
-
-
nationa
4 497
10 920
-
-
total
5 428
13 181
-
-
Dividends
13 309
32 319
-
-
withholding
3 460
8 403
-
-
total
3 460
8 403
-
-
Income
45 500
45 500
45 500
45 500
Total tax
22 655
21 584
24 287
22 132
After tax
22 845
23 916
21 213
23 368
Living cost
12 997
12 997
12 997
12 997
Free-cash
9 848
10 919
8 216
10 371

Estimated living cost  is ₴12997 per week

₴8083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1317
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3375
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16707
₴8469
₴7541
₴11492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
3 911
social contributions
-
-
-
13 286
solidarity contribution
-
-
-
-
health
-
-
-
6 142
total
-
-
-
23 339
Employee
21 499
-
33 955
-
solidarity contribution
-
-
-
-
social contributions
1 397
-
2 207
-
income
2 580
-
4 075
-
health
2 902
-
4 584
-
total
6 879
-
10 866
-
Employer
21 499
-
33 955
-
health
1 935
-
3 056
-
social contributions
5 375
-
8 489
-
total
7 310
-
11 545
-
Corporate
16 691
45 500
-
-
income
3 171
8 645
-
-
total
3 171
8 645
-
-
Dividends
13 519
36 855
-
-
withholding
2 028
5 528
-
-
total
2 028
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 388
14 173
22 411
23 339
After tax
26 112
31 327
23 089
22 161
Living cost
14 620
14 620
14 620
14 620
Free-cash
11 492
16 707
8 469
7 541

Estimated living cost  is ₴14620 per week

₴10872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴810
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2685
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10212
-₴1216
₴7967
₴9971
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
7 101
surtax
-
-
-
-
unemployment
-
-
-
2 959
chamber of commerce
-
-
-
182
health
-
-
-
3 481
pensions
-
-
-
8 418
total
-
-
-
22 141
Employee
21 090
19 227
35 331
-
other
211
192
353
-
unemployment
633
577
1 060
-
pensions
2 160
1 968
3 617
-
income
1 879
1 418
6 383
-
health
816
744
1 367
-
total
5 699
4 899
12 780
-
Employer
21 090
19 227
35 331
-
chamber of commerce
84
77
141
-
health
797
727
1 336
-
pensions
2 647
2 413
4 434
-
accident
274
250
460
-
unemployment
633
577
1 060
-
surtax
-
-
-
-
payroll
633
577
1 060
-
other
1 002
913
1 678
-
total
6 070
5 534
10 169
-
Corporate
18 341
20 739
33 500
-
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.

4 585
5 185
8 375
-
total
4 585
5 185
8 375
-
Dividends
13 756
15 554
-
-
withholding
3 783
4 278
-
-
total
3 783
4 278
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 137
19 896
31 324
22 141
After tax
25 363
25 604
14 176
23 359
Living cost
15 392
15 392
15 392
15 392
Free-cash
9 971
10 212
-1 216
7 967

Estimated living cost  is ₴15392 per week

₴9234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4312
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36948
₴30123
₴38768
₴35771
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
45 500
microenterprise

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

-
-
-
455
total
-
-
-
455
Employee
7 847
-
45 500
-
income
1 569
-
9 100
-
total
1 569
-
9 100
-
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%.

37 653
45 500
-
-
total
-
-
-
-
Dividends
37 653
45 500
-
-
withholding
1 883
2 275
-
-
total
1 883
2 275
-
-
Income
45 500
45 500
45 500
45 500
Total tax
3 452
2 275
9 100
455
After tax
42 048
43 225
36 400
45 045
Living cost
6 277
6 277
6 277
6 277
Free-cash
35 771
36 948
30 123
38 768

Estimated living cost  is ₴6277 per week

₴4248
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴264
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18386
₴9417
₴10719
₴14351
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 500
income
-
-
-
8 983
unemployment
-
-
-
69
health
-
-
-
4 478
pensions
-
-
-
8 310
total
-
-
-
21 840
Employee

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

21 335
-
39 369
-
unemployment
30
-
55
-
pensions
3 307
-
6 102
-
income
3 679
-
8 312
-
health
1 378
-
2 543
-
total
8 394
-
17 012
-
Employer

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

21 335
-
39 369
-
health
1 421
-
2 622
-
pensions
1 888
-
3 484
-
unemployment
13
-
24
-
total
3 322
-
6 130
-
Corporate
20 844
45 500
-
-
income
3 960
8 645
-
-
total
3 960
8 645
-
-
Dividends
16 884
36 855
-
-
withholding
2 532
5 528
-
-
total
2 532
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 208
14 173
23 142
21 840
After tax
27 292
31 327
22 358
23 660
Living cost
12 941
12 941
12 941
12 941
Free-cash
14 351
18 386
9 417
10 719

Estimated living cost  is ₴12941 per week

₴8881
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴830
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.
₴2980
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6915
₴18401
₴10677
-₴26262
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 869
social contributions
-
-
-
5 187
total
-
-
-
14 056
Employee
29 777
-
-
-
social contributions
2 442
-
348
-
income
6 568
-
-
-
total
9 010
-
348
-
Employer
29 777
-
-
-
social contributions
41 985
-
5 984
-
total
41 985
-
5 984
-
Corporate
-
45 500
-
-
income
-
10 010
-
-
total
-
10 010
-
-
Dividends
-
35 490
-
-
income
-
7 808
-
-
total
-
7 808
-
-
Income
45 500
45 500
45 500
45 500
Total tax
50 995
17 818
6 332
14 056
After tax
-5 495
27 682
39 168
31 444
Living cost
20 767
20 767
20 767
20 767
Free-cash
-26 262
6 915
18 401
10 677

Estimated living cost  is ₴20767 per week

₴13474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1953
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10747
₴8238
₴10427
₴10261
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 500
income
-
-
-
4 129
surtax
-
-
-
-
social contributions

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

-
-
-
15 811
total
-
-
-
19 940
Employee
22 190
-
36 767
-
surtax
-
-
-
-
social contributions
2 441
-
4 044
-
income
4 616
-
9 353
-
total
7 057
-
13 397
-
Employer
22 190
-
36 767
-
social contributions
5 270
-
8 732
-
total
5 270
-
8 732
-
Corporate
18 040
45 500
-
-
income
3 789
9 555
-
-
surtax
-
-
-
-
total
3 789
9 555
-
-
Dividends
14 252
35 945
-
-
withholding
3 990
10 065
-
-
total
3 990
10 065
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 106
19 620
22 129
19 940
After tax
25 394
25 880
23 371
25 560
Living cost
15 133
15 133
15 133
15 133
Free-cash
10 261
10 747
8 238
10 427

Estimated living cost  is ₴15133 per week

₴11323
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2665
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴370
₴2672
₴2977
₴2946
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
3 945
other
-
-
-
1 412
surtax
-
-
-
-
social contributions
-
-
-
1 296
health
-
-
-
691
pensions
-
-
-
11 877
total
-
-
-
19 221
Employee
30 218
-
34 671
-
pensions
3 418
-
3 921
-
surtax
-
-
-
-
social contributions
861
-
988
-
income
2 637
-
3 790
-
total
6 916
-
8 699
-
Employer
30 218
-
34 671
-
health
2 115
-
2 427
-
pensions
4 965
-
5 696
-
unemployment
1 224
-
1 404
-
social contributions
91
-
104
-
other
1 043
-
1 196
-
total
9 438
-
10 827
-
Corporate
5 845
45 500
-
-
income
1 636
12 740
-
-
surtax
-
-
-
-
total
1 636
12 740
-
-
Dividends
4 208
32 760
-
-
surtax
-
-
-
-
social contributions
724
5 635
-
-
withholding
538
4 193
-
-
total
1 262
9 828
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 252
22 568
19 526
19 221
After tax
26 248
22 932
25 974
26 279
Living cost
23 302
23 302
23 302
23 302
Free-cash
2 946
-370
2 672
2 977

Estimated living cost  is ₴23302 per week

₴15771
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5306
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26447
₴21576
₴20310
₴24826
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
676
social contributions
-
-
-
10 011
total
-
-
-
10 687
Employee
15 511
-
39 394
-
income
-
-
754
-
social contributions
1 008
-
2 561
-
total
1 008
-
3 315
-
Employer
15 511
-
39 394
-
social contributions
2 404
-
6 106
-
total
2 404
-
6 106
-
Corporate
27 585
45 500
-
-
income
2 759
4 550
-
-
total
2 759
4 550
-
-
Dividends
24 826
40 950
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
6 171
4 550
9 421
10 687
After tax
39 329
40 950
36 079
34 813
Living cost
14 503
14 503
14 503
14 503
Free-cash
24 826
26 447
21 576
20 310

Estimated living cost  is ₴14503 per week

₴9377
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1093
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.
₴3759
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴59580
-₴59580
₴5158
-₴59580
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
labour market
-
-
-
3 607
municipal
-
-
-
8 306
national
-
-
-
4 784
pensions
-
-
-
418
total
-
-
-
17 115
Employee
98 035
98 035
98 035
-
municipal
20 876
20 876
20 876
-
labour market
7 832
7 832
7 832
-
pensions
139
139
139
-
national
11 977
11 977
11 977
-
total
40 824
40 824
40 824
-
Employer
98 035
98 035
98 035
-
national
11 998
11 998
11 998
-
labour market
7 843
7 843
7 843
-
pensions
279
279
279
-
municipal
20 909
20 909
20 909
-
total
41 029
41 029
41 029
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
81 853
81 853
81 853
17 115
After tax
-36 353
-36 353
-36 353
28 385
Living cost
23 227
23 227
23 227
23 227
Free-cash
-59 580
-59 580
-59 580
5 158

Estimated living cost  is ₴23227 per week

₴15897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2055
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴357
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4918
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6846
₴12774
₴20716
₴2069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
123
income
-
-
-
10 868
other
-
-
-
180
health
-
-
-
1 060
pensions
-
-
-
2 022
total
-
-
-
14 253
Employee
16 566
-
38 559
-
pensions
1 865
-
3 707
-
income
2 273
-
7 131
-
health
1 897
-
4 415
-
total
6 035
-
15 253
-
Employer
16 566
-
38 559
-
pensions
2 694
-
5 353
-
accident
277
-
644
-
unemployment
406
-
945
-
total
3 377
-
6 942
-
Corporate
25 558
45 500
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

23 002
40 950
-
-
total
23 002
40 950
-
-
Dividends
2 556
4 550
-
-
withholding
486
865
-
-
total
486
865
-
-
Income
45 500
45 500
45 500
45 500
Total tax
32 900
41 815
22 195
14 253
After tax
12 600
3 685
23 305
31 247
Living cost
10 531
10 531
10 531
10 531
Free-cash
2 069
-6 846
12 774
20 716

Estimated living cost  is ₴10531 per week

₴7665
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴600
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.
₴2068
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11939
₴7651
₴14094
₴10606
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
45 500
health
-
-
-
499
municipal
-
-
-
8 100
national
-
-
-
4 284
total
-
-
-
12 883
Employee
25 384
-
38 277
-
municipal
4 158
-
6 252
-
unemployment
381
-
574
-
pensions
1 713
-
2 584
-
national
419
-
2 305
-
health
190
-
388
-
total
6 861
-
12 103
-
Employer
25 384
-
38 277
-
health
195
-
295
-
pensions
4 404
-
6 641
-
accident
26
-
38
-
unemployment
165
-
249
-
total
4 790
-
7 223
-
Corporate
15 327
45 500
-
-
income
3 065
9 100
-
-
total
3 065
9 100
-
-
Dividends

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

9 196
27 300
-
-
municipal
1 655
4 914
-
-
national
-
1 024
-
-
total
1 655
5 938
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 371
15 038
19 326
12 883
After tax
29 129
30 462
26 174
32 617
Living cost
18 523
18 523
18 523
18 523
Free-cash
10 606
11 939
7 651
14 094

Estimated living cost  is ₴18523 per week

₴12099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1782
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22151
₴21435
₴21482
₴19526
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
4 590
social contributions
-
-
-
7 098
health
-
-
-
1 160
total
-
-
-
12 848
Employee
37 099
37 099
41 307
-
social contributions
1 403
3 079
3 429
-
income
4 039
3 434
4 570
-
health
287
631
702
-
total
5 729
7 144
8 701
-
Employer
37 099
37 099
41 307
-
health
312
687
765
-
social contributions
1 403
3 079
3 429
-
total
1 715
3 766
4 194
-
Corporate
26 885
4 635
-
-
income
3 361
580
-
-
total
3 361
580
-
-
Dividends
23 524
4 055
-
-
withholding
3 999
689
-
-
total
3 999
689
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 804
12 179
12 895
12 848
After tax
30 696
33 321
32 605
32 652
Living cost
11 170
11 170
11 170
11 170
Free-cash
19 526
22 151
21 435
21 482

Estimated living cost  is ₴11170 per week

₴6695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1096
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.
₴3133
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30019
₴20414
₴28708
₴27563
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
45 500
income
-
-
-
4 303
unemployment
-
-
-
14
health
-
-
-
1 746
pensions
-
-
-
3 069
total
-
-
-
9 132
Employee

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

11 074
-
41 252
-
unemployment
55
-
206
-
pensions
1 661
-
6 187
-
income
757
-
3 278
-
health
941
-
3 507
-
total
3 414
-
13 178
-
Employer

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

11 074
-
41 252
-
health
476
-
1 773
-
pensions
609
-
2 269
-
unemployment
55
-
206
-
total
1 140
-
4 248
-
Corporate
33 286
45 500
-
-
income
2 996
4 095
-
-
total
2 996
4 095
-
-
Dividends
30 290
41 405
-
-
withholding
2 727
3 726
-
-
total
2 727
3 726
-
-
Income
45 500
45 500
45 500
45 500
Total tax
10 277
7 821
17 426
9 132
After tax
35 223
37 679
28 074
36 368
Living cost
7 660
7 660
7 660
7 660
Free-cash
27 563
30 019
20 414
28 708

Estimated living cost  is ₴7660 per week

₴4887
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴552
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17396
₴11024
₴10871
₴14866
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
403
income
-
-
-
7 946
other
-
-
-
45
unemployment
-
-
-
313
pensions
-
-
-
12 655
total
-
-
-
21 362
Employee
17 840
-
34 501
-
other
17
-
35
-
unemployment
277
-
535
-
pensions
839
-
1 621
-
income
3 439
-
8 019
-
total
4 572
-
10 210
-
Employer
17 840
-
34 501
-
pensions
4 210
-
8 142
-
accident
353
-
683
-
unemployment
981
-
1 898
-
other
143
-
276
-
total
5 687
-
10 999
-
Corporate
21 973
45 500
-
-
income

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

3 296
6 825
-
-
total
3 296
6 825
-
-
Dividends
18 677
38 675
-
-
withholding
3 812
8 012
-
-
total
3 812
8 012
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 367
14 837
21 209
21 362
After tax
28 133
30 663
24 291
24 138
Living cost
13 267
13 267
13 267
13 267
Free-cash
14 866
17 396
11 024
10 871

Estimated living cost  is ₴13267 per week

₴8955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2804
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27405
₴27938
₴28008
₴27243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
15 263
health
-
-
-
522
pensions
-
-
-
720
total
-
-
-
16 505
Employee
1 504
-
44 690
-
unemployment
15
-
36
-
pensions
135
-
324
-
income
291
-
15 225
-
health
75
-
180
-
total
516
-
15 765
-
Employer
1 504
-
44 690
-
health
143
-
342
-
pensions
165
-
396
-
unemployment
30
-
72
-
total
338
-
810
-
Corporate
43 658
45 500
-
-
income
9 605
10 010
-
-
total
9 605
10 010
-
-
Dividends
34 053
35 490
-
-
withholding
6 811
7 098
-
-
total
6 811
7 098
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 270
17 108
16 575
16 505
After tax
28 230
28 392
28 925
28 995
Living cost
987
987
987
987
Free-cash
27 243
27 405
27 938
28 008

Estimated living cost  is ₴987 per week

₴587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴80
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴298
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24530
₴15396
₴15394
₴22156
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 500
income
-
-
-
8 283
unemployment
-
-
-
535
health
-
-
-
3 673
pensions
-
-
-
9 271
total
-
-
-
21 762
Employee

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

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

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

12 583
-
39 117
-
unemployment
94
-
267
-
pensions
1 762
-
4 992
-
income
1 734
-
8 283
-
health
648
-
1 836
-
total
4 238
-
15 378
-
Employer

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

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

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

12 583
-
39 117
-
health
648
-
1 836
-
pensions
1 510
-
4 279
-
unemployment
94
-
267
-
total
2 252
-
6 382
-
Corporate
30 665
45 500
-
-
income
4 600
6 825
-
-
total
4 600
6 825
-
-
Dividends
26 065
38 675
-
-
withholding
3 910
5 801
-
-
total
3 910
5 801
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 000
12 626
21 760
21 762
After tax
30 500
32 874
23 740
23 738
Living cost
8 344
8 344
8 344
8 344
Free-cash
22 156
24 530
15 396
15 394

Estimated living cost  is ₴8344 per week

₴5618
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12873
₴10364
₴12553
₴12699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 500
income
-
-
-
4 129
surtax
-
-
-
-
social contributions

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

-
-
-
15 811
total
-
-
-
19 940
Employee
18 726
-
36 767
-
surtax
-
-
-
-
social contributions
2 060
-
4 044
-
income
3 659
-
9 353
-
total
5 719
-
13 397
-
Employer
18 726
-
36 767
-
social contributions
4 447
-
8 732
-
total
4 447
-
8 732
-
Corporate
22 328
45 500
-
-
income
4 689
9 555
-
-
surtax
-
-
-
-
total
4 689
9 555
-
-
Dividends
17 639
35 945
-
-
withholding
4 939
10 065
-
-
total
4 939
10 065
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 794
19 620
22 129
19 940
After tax
25 706
25 880
23 371
25 560
Living cost
13 007
13 007
13 007
13 007
Free-cash
12 699
12 873
10 364
12 553

Estimated living cost  is ₴13007 per week

₴9212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴904
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2661
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13707
₴7335
₴7182
₴10026
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
403
income
-
-
-
7 946
other
-
-
-
45
unemployment
-
-
-
313
pensions
-
-
-
12 655
total
-
-
-
21 362
Employee
23 301
-
34 501
-
other
23
-
35
-
unemployment
361
-
535
-
pensions
1 095
-
1 621
-
income
4 867
-
8 019
-
total
6 346
-
10 210
-
Employer
23 301
-
34 501
-
pensions
5 499
-
8 142
-
accident
461
-
683
-
unemployment
1 282
-
1 898
-
other
187
-
276
-
total
7 429
-
10 999
-
Corporate
14 770
45 500
-
-
income

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

2 216
6 825
-
-
total
2 216
6 825
-
-
Dividends
12 555
38 675
-
-
withholding
2 527
8 012
-
-
total
2 527
8 012
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 518
14 837
21 209
21 362
After tax
26 982
30 663
24 291
24 138
Living cost
16 956
16 956
16 956
16 956
Free-cash
10 026
13 707
7 335
7 182

Estimated living cost  is ₴16956 per week

₴12177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1318
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.
₴3222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30605
₴27238
₴25879
₴27665
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
6 825
unemployment
-
-
-
67
health
-
-
-
1 938
pensions

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

-
-
-
2 494
total
-
-
-
11 324
Employee
10 987
-
42 194
-
accident

We are using the highest rate at 1.1%.

121
-
185
-
pensions

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

965
-
1 479
-
income
1 099
-
4 220
-
health
505
-
775
-
total
2 690
-
6 659
-
Employer
10 987
-
42 194
-
health
758
-
1 163
-
pensions

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

1 211
-
1 857
-
accident

We are using the highest rate at 1.1%.

121
-
185
-
unemployment
66
-
101
-
total
2 156
-
3 306
-
Corporate
32 357
45 500
-
-
income
3 236
4 550
-
-
total
3 236
4 550
-
-
Dividends
29 122
40 950
-
-
withholding
1 456
2 048
-
-
total
1 456
2 048
-
-
Income
45 500
45 500
45 500
45 500
Total tax
9 538
6 598
9 965
11 324
After tax
35 962
38 902
35 535
34 176
Living cost
8 297
8 297
8 297
8 297
Free-cash
27 665
30 605
27 238
25 879

Estimated living cost  is ₴8297 per week

₴5488
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴475
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.
₴2137
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4854
₴14088
₴10777
₴11166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 500
income

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

-
-
-
8 995
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.

-
-
-
494
health

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

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

-
-
-
3 296
trade
-
-
-
3 311
total
-
-
-
16 096
Employee

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

24 006
-
45 500
-
surtax

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

109
-
494
-
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.

1 974
-
8 995
-
health

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

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

3 296
-
3 296
-
total
5 379
-
12 785
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 494
45 500
-
-
income
3 224
6 825
-
-
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.

178
375
-
-
chamber of commerce
104
140
-
-
trade
3 085
6 529
-
-
total
6 591
13 869
-
-
Dividends
14 904
31 631
-
-
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
425
-
-
withholding
3 542
7 725
-
-
total
3 737
8 150
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 707
22 019
12 785
16 096
After tax
29 793
23 481
32 715
29 404
Living cost
18 627
18 627
18 627
18 627
Free-cash
11 166
4 854
14 088
10 777

Estimated living cost  is ₴18627 per week

₴12849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2004
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4366
₴3803
₴3803
₴5432
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
10 225
social contributions
-
-
-
3 989
total
-
-
-
14 214
Employee
37 740
-
45 500
-
income
7 121
-
10 225
-
social contributions
3 135
-
3 989
-
total
10 256
-
14 214
-
Employer
37 740
-
45 500
-
total
-
-
-
-
Corporate
7 760
45 500
-
-
income
971
5 688
-
-
total
971
5 688
-
-
Dividends
6 790
39 812
-
-
withholding
1 358
7 963
-
-
total
1 358
7 963
-
-
Income
45 500
45 500
45 500
45 500
Total tax
12 585
13 651
14 214
14 214
After tax
32 915
31 849
31 286
31 286
Living cost
27 483
27 483
27 483
27 483
Free-cash
5 432
4 366
3 803
3 803

Estimated living cost  is ₴27483 per week

₴20909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2239
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4072
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9512
₴15860
₴11235
₴11684
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 500
income
-
-
-
13 734
health

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

-
-
-
3 017
total
-
-
-
16 751
Employee
22 133
-
43 281
-
income
2 402
-
7 688
-
social contributions
2 218
-
2 219
-
total
4 620
-
9 907
-
Employer
22 133
-
43 281
-
social contributions
2 218
-
2 219
-
total
2 218
-
2 219
-
Corporate
21 150
45 500
-
-
income
7 402
15 925
-
-
total
7 402
15 925
-
-
Dividends
13 747
29 575
-
-
social contributions
2 062
2 549
-
-
total
2 062
2 549
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 302
18 474
12 126
16 751
After tax
29 198
27 026
33 374
28 749
Living cost
17 514
17 514
17 514
17 514
Free-cash
11 684
9 512
15 860
11 235

Estimated living cost  is ₴17514 per week

₴11536
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1381
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16151
₴10724
₴15408
₴13519
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 941
pensions
-
-
-
3 292
total
-
-
-
12 233
Employee
24 515
-
40 109
-
pensions
1 871
-
3 742
-
income
4 464
-
7 145
-
health
320
-
640
-
total
6 655
-
11 527
-
Employer
24 515
-
40 109
-
health
466
-
762
-
pensions
2 477
-
4 628
-
total
2 943
-
5 390
-
Corporate
18 043
45 500
-
-
income

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

3 428
8 645
-
-
total
3 428
8 645
-
-
Dividends
14 615
36 855
-
-
withholding
1 096
2 845
-
-
total
1 096
2 845
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 122
11 490
16 917
12 233
After tax
31 378
34 010
28 583
33 267
Living cost
17 859
17 859
17 859
17 859
Free-cash
13 519
16 151
10 724
15 408

Estimated living cost  is ₴17859 per week

₴12251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1642
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.
₴3741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7889
₴11731
₴19673
₴1910
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
123
income
-
-
-
10 868
other
-
-
-
180
health
-
-
-
1 060
pensions
-
-
-
2 022
total
-
-
-
14 253
Employee
18 206
-
38 559
-
pensions
2 050
-
3 707
-
income
2 498
-
7 131
-
health
2 084
-
4 415
-
total
6 632
-
15 253
-
Employer
18 206
-
38 559
-
pensions
2 960
-
5 353
-
accident
304
-
644
-
unemployment
446
-
945
-
total
3 710
-
6 942
-
Corporate
23 584
45 500
-
-
income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

21 226
40 950
-
-
total
21 226
40 950
-
-
Dividends
2 359
4 550
-
-
withholding
448
865
-
-
total
448
865
-
-
Income
45 500
45 500
45 500
45 500
Total tax
32 016
41 815
22 195
14 253
After tax
13 484
3 685
23 305
31 247
Living cost
11 574
11 574
11 574
11 574
Free-cash
1 910
-7 889
11 731
19 673

Estimated living cost  is ₴11574 per week

₴8494
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴674
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31773
₴21474
₴19567
₴29816
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
45 500
income
-
-
-
6 905
unemployment
-
-
-
546
work injury
-
-
-
228
health insurance
-
-
-
3 367
pensions
-
-
-
8 372
total
-
-
-
19 418
Employee

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

10 423
-
45 500
-
health insurance
771
-
2 854
-
unemployment
125
-
463
-
work injury
52
-
193
-
pensions
1 918
-
7 096
-
income
1 042
-
6 905
-
total
3 908
-
17 511
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 077
45 500
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
455
-
-
total
-
455
-
-
Dividends
35 077
45 045
-
-
withholding
5 261
6 757
-
-
total
5 261
6 757
-
-
Income
45 500
45 500
45 500
45 500
Total tax
9 169
7 212
17 511
19 418
After tax
36 331
38 288
27 989
26 082
Living cost
6 515
6 515
6 515
6 515
Free-cash
29 816
31 773
21 474
19 567

Estimated living cost  is ₴6515 per week

₴4036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴473
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.
₴1802
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₴4747
₴1836
₴3917
₴2552
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
social contributions
-
-
-
11 703
regional
-
-
-
883
municipal
-
-
-
304
national
-
-
-
9 473
total
-
-
-
22 363
Employee
40 656
-
45 500
-
municipal
243
-
271
-
national
6 870
-
8 091
-
regional
614
-
740
-
social contributions
13 709
-
15 342
-
total
21 436
-
24 444
-
Employer
40 656
-
45 500
-
total
-
-
-
-
Corporate
4 844
45 500
-
-
municipal
233
2 193
-
-
nationa
1 163
10 920
-
-
total
1 396
13 113
-
-
Dividends
3 448
32 387
-
-
withholding
896
8 420
-
-
total
896
8 420
-
-
Income
45 500
45 500
45 500
45 500
Total tax
23 728
21 533
24 444
22 363
After tax
21 772
23 967
21 056
23 137
Living cost
19 220
19 220
19 220
19 220
Free-cash
2 552
4 747
1 836
3 917

Estimated living cost  is ₴19220 per week

₴13501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1322
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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