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
₴17433
₴7394
₴14045
₴13102
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 525
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.

-
-
-
8 448
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.

-
-
-
465
trade
-
-
-
3 388
total
-
-
-
15 826
Employee

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

19 736
-
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.

30
-
465
-
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.

551
-
8 448
-
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.

3 525
-
3 525
-
total
4 106
-
12 438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
25 764
45 500
-
-
chamber of commerce
116
144
-
-
surtax

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

212
375
-
-
trade
4 058
7 167
-
-
income
3 865
6 825
-
-
total
8 251
14 511
-
-
Dividends
17 514
30 989
-
-
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.

230
415
-
-
withholding
4 182
7 551
-
-
total
4 412
7 966
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 769
22 477
12 438
15 826
After tax
28 731
23 023
33 062
29 674
Living cost
15 629
15 629
15 629
15 629
Free-cash
13 102
7 394
17 433
14 045

Estimated living cost  is ₴15629 per week

₴9831
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.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3684
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴838
₴1142
₴481
-₴576
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 460
national
-
-
-
7 184
municipal
-
-
-
4 636
total
-
-
-
17 769
Employee
42 242
-
39 334
-
municipal
5 218
-
4 812
-
national
8 085
-
7 457
-
pensions
1 690
-
1 573
-
total
14 993
-
13 842
-
Employer
42 242
-
39 334
-
pensions
3 379
-
3 147
-
social contributions
454
-
423
-
total
3 833
-
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
18 826
17 108
17 412
17 769
After tax
26 674
28 392
28 088
27 731
Living cost
27 250
27 250
27 250
27 250
Free-cash
-576
1 142
838
481

Estimated living cost  is ₴27250 per week

₴18521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2533
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14981
₴25665
₴13624
₴21432
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
income
-
-
-
6 513
surtax
-
-
-
-
microenterprise
-
-
-
-
total
-
-
-
21 141
Employee
15 077
-
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.

1 659
-
4 033
-
income
2 684
-
6 918
-
total
4 343
-
10 951
-
Employer
15 077
-
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.

3 632
-
8 833
-
total
3 632
-
8 833
-
Corporate
26 791
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%.

5 358
9 100
-
-
total
5 358
9 100
-
-
Dividends

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

21 433
36 400
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
13 333
9 100
19 784
21 141
After tax
32 167
36 400
25 716
24 359
Living cost
10 735
10 735
10 735
10 735
Free-cash
21 432
25 665
14 981
13 624

Estimated living cost  is ₴10735 per week

₴6848
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5738
-₴2843
₴4243
-₴5738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 835
income
-
-
-
7 760
pensions
-
-
-
6 046
total
-
-
-
19 641
Employee
44 063
44 063
44 063
-
income

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

7 212
7 212
7 212
-
pensions
7 931
6 046
7 931
-
health
6 763
5 753
6 763
-
total
21 906
19 011
21 906
-
Employer
44 063
44 063
44 063
-
unemployment
1 586
1 586
1 586
-
health
3 063
3 063
3 063
-
pensions
3 067
3 067
3 067
-
total
7 716
7 716
7 716
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
29 622
26 727
29 622
19 641
After tax
15 878
18 773
15 878
25 859
Living cost
21 616
21 616
21 616
21 616
Free-cash
-5 738
-2 843
-5 738
4 243

Estimated living cost  is ₴21616 per week

₴15318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1949
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2854
₴3399
₴1238
₴2917
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 287
health
-
-
-
2 839
accident
-
-
-
91
pensions
-
-
-
4 919
national
-
-
-
-
unemployment
-
-
-
45
municipal
-
-
-
9 637
total
-
-
-
22 818
Employee
30 556
-
34 622
-
municipal
9 112
-
10 324
-
national
-
-
-
-
total
9 112
-
10 324
-
Employer
30 556
-
34 622
-
other
3 551
-
4 023
-
unemployment
807
-
914
-
health
1 879
-
2 129
-
accident
61
-
69
-
pensions
3 303
-
3 743
-
total
9 601
-
10 878
-
Corporate
5 344
45 500
-
-
income
1 176
10 010
-
-
total
1 176
10 010
-
-
Dividends
4 168
35 490
-
-
withholding
1 250
10 647
-
-
total
1 250
10 647
-
-
Income
45 500
45 500
45 500
45 500
Total tax
21 139
20 657
21 202
22 818
After tax
24 361
24 843
24 298
22 682
Living cost
21 444
21 444
21 444
21 444
Free-cash
2 917
3 399
2 854
1 238

Estimated living cost  is ₴21444 per week

₴14212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2104
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4802
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12792
₴2519
₴9253
₴9770
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 525
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.

-
-
-
8 448
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.

-
-
-
465
trade
-
-
-
3 539
total
-
-
-
15 977
Employee

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

26 167
-
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.

123
-
465
-
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.

2 248
-
8 448
-
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.

3 525
-
3 525
-
total
5 896
-
12 438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
19 333
45 500
-
-
chamber of commerce
106
143
-
-
surtax

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

160
375
-
-
trade
3 180
7 485
-
-
income
2 900
6 825
-
-
total
6 346
14 828
-
-
Dividends
12 987
30 672
-
-
surtax

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

167
411
-
-
withholding
3 051
7 472
-
-
total
3 218
7 883
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 460
22 711
12 438
15 977
After tax
30 040
22 789
33 062
29 523
Living cost
20 270
20 270
20 270
20 270
Free-cash
9 770
2 519
12 792
9 253

Estimated living cost  is ₴20270 per week

₴13557
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2138
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4273
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16329
₴16605
₴16374
₴14464
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 098
health
-
-
-
1 160
income
-
-
-
4 132
total
-
-
-
12 390
Employee
39 677
39 677
41 308
-
social contributions
1 928
3 293
3 428
-
income
4 166
3 673
4 113
-
health
395
675
702
-
total
6 489
7 641
8 243
-
Employer
39 677
39 677
41 308
-
health
430
734
764
-
social contributions
1 928
3 293
3 428
-
total
2 358
4 027
4 192
-
Corporate
19 917
1 795
-
-
income
2 490
224
-
-
total
2 490
224
-
-
Dividends
17 427
1 571
-
-
withholding
2 963
267
-
-
total
2 963
267
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 300
12 159
12 435
12 390
After tax
31 200
33 341
33 065
33 110
Living cost
16 736
16 736
16 736
16 736
Free-cash
14 464
16 605
16 329
16 374

Estimated living cost  is ₴16736 per week

₴11441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1307
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.
₴3707
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16854
₴16134
₴21999
₴16335
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 185
income
-
-
-
5 562
pensions
-
-
-
4 550
unemployment
-
-
-
682
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.

13 745
5 470
38 075
-
income
1 680
669
4 655
-
pensions
1 374
547
3 808
-
health
962
383
2 665
-
unemployment
206
82
571
-
total
4 222
1 681
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.

13 745
5 470
38 075
-
pensions
2 680
1 067
7 425
-
total
2 680
1 067
7 425
-
Corporate
29 075
38 963
-
-
income
2 617
3 507
-
-
total
2 617
3 507
-
-
Dividends
26 458
35 457
-
-
social contributions
5 097
6 852
-
-
withholding
5 027
6 737
-
-
total
10 124
13 589
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 643
19 844
19 124
13 979
After tax
25 857
25 656
26 376
31 521
Living cost
9 522
9 522
9 522
9 522
Free-cash
16 335
16 134
16 854
21 999

Estimated living cost  is ₴9522 per week

₴6498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴190
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13763
₴23937
₴11925
₴20730
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 915
income
-
-
-
6 096
pensions
-
-
-
9 101
total
-
-
-
21 112
Employee
14 638
-
34 005
-
income
1 648
-
6 556
-
pensions
293
-
681
-
unemployment
234
-
544
-
total
2 175
-
7 781
-
Employer
14 638
-
34 005
-
unemployment
118
-
272
-
health
1 903
-
4 421
-
pensions
2 928
-
6 800
-
total
4 949
-
11 493
-
Corporate
25 914
45 500
-
-
income
5 183
9 100
-
-
total
5 183
9 100
-
-
Dividends
20 732
36 400
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
12 307
9 100
19 274
21 112
After tax
33 193
36 400
26 226
24 388
Living cost
12 463
12 463
12 463
12 463
Free-cash
20 730
23 937
13 763
11 925

Estimated living cost  is ₴12463 per week

₴8548
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴742
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2922
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11605
-₴7794
₴19792
₴1926
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
health
-
-
-
1 138
accident
-
-
-
132
income
-
-
-
10 595
pensions
-
-
-
2 171
total
-
-
-
14 229
Employee
18 057
-
38 179
-
income
2 477
-
6 742
-
pensions
2 033
-
3 981
-
health
2 068
-
4 371
-
total
6 578
-
15 094
-
Employer
18 057
-
38 179
-
unemployment
442
-
935
-
accident
301
-
638
-
pensions
2 936
-
5 749
-
total
3 679
-
7 322
-
Corporate
23 763
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.

21 386
40 950
-
-
total
21 386
40 950
-
-
Dividends
2 376
4 550
-
-
withholding
452
865
-
-
total
452
865
-
-
Income
45 500
45 500
45 500
45 500
Total tax
32 095
41 815
22 416
14 229
After tax
13 405
3 685
23 084
31 271
Living cost
11 479
11 479
11 479
11 479
Free-cash
1 926
-7 794
11 605
19 792

Estimated living cost  is ₴11479 per week

₴8413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32175
₴39000
₴40820
₴38208
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 281
-
45 500
-
income
1 056
-
9 100
-
total
1 056
-
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%.

40 219
45 500
-
-
total
-
-
-
-
Dividends
40 219
45 500
-
-
withholding
2 011
2 275
-
-
total
2 011
2 275
-
-
Income
45 500
45 500
45 500
45 500
Total tax
3 067
2 275
9 100
455
After tax
42 433
43 225
36 400
45 045
Living cost
4 225
4 225
4 225
4 225
Free-cash
38 208
39 000
32 175
40 820

Estimated living cost  is ₴4225 per week

₴2618
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴116
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1139
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12921
₴19679
₴10889
₴16197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 161
health
-
-
-
2 002
income
-
-
-
5 779
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
-
-
-
20 862
Employee
18 735
-
36 342
-
income
3 225
-
6 256
-
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.

1 311
-
2 544
-
health
262
-
509
-
unemployment
187
-
363
-
total
4 985
-
9 672
-
Employer
18 735
-
36 342
-
other
937
-
1 817
-
unemployment
187
-
363
-
health
262
-
509
-
accident
150
-
291
-
pensions

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

3 185
-
6 178
-
total
4 721
-
9 158
-
Corporate
22 043
45 500
-
-
income
4 629
9 555
-
-
total
4 629
9 555
-
-
Dividends
17 415
35 945
-
-
withholding
1 219
2 517
-
-
total
1 219
2 517
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 554
12 072
18 830
20 862
After tax
29 946
33 428
26 670
24 638
Living cost
13 749
13 749
13 749
13 749
Free-cash
16 197
19 679
12 921
10 889

Estimated living cost  is ₴13749 per week

₴9715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴928
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5702
-₴301
-₴582
-₴9828
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 453
pensions
-
-
-
3 237
total
-
-
-
11 690
Employee
48 659
-
40 164
-
income
8 771
-
7 172
-
health
802
-
627
-
pensions
4 694
-
3 675
-
total
14 267
-
11 474
-
Employer
48 659
-
40 164
-
health
924
-
763
-
pensions
5 745
-
4 573
-
total
6 669
-
5 336
-
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
-
2 764
-
-
total
-
2 764
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 936
11 409
16 810
11 690
After tax
24 564
34 091
28 690
33 810
Living cost
34 392
34 392
34 392
34 392
Free-cash
-9 828
-301
-5 702
-582

Estimated living cost  is ₴34392 per week

₴25770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4041
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4301
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴28579
₴32238
₴27269
₴29877
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 042
income
-
-
-
6 825
pensions

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

-
-
-
2 628
unemployment
-
-
-
71
total
-
-
-
11 566
Employee
8 825
-
42 016
-
income
882
-
4 201
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

775
-
1 559
-
health
406
-
817
-
total
2 160
-
6 772
-
Employer
8 825
-
42 016
-
unemployment
53
-
107
-
health
609
-
1 225
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

973
-
1 957
-
total
1 732
-
3 484
-
Corporate
34 943
45 500
-
-
income
3 494
4 550
-
-
total
3 494
4 550
-
-
Dividends
31 449
40 950
-
-
withholding
1 572
2 047
-
-
total
1 572
2 047
-
-
Income
45 500
45 500
45 500
45 500
Total tax
8 958
6 597
10 256
11 566
After tax
36 542
38 903
35 244
33 934
Living cost
6 665
6 665
6 665
6 665
Free-cash
29 877
32 238
28 579
27 269

Estimated living cost  is ₴6665 per week

₴3891
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴12734
-₴9839
-₴2753
-₴10713
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 835
income
-
-
-
7 760
pensions
-
-
-
6 046
total
-
-
-
19 641
Employee
47 839
44 063
44 063
-
income

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

7 212
7 212
7 212
-
pensions
6 046
6 046
7 931
-
health
5 968
5 753
6 763
-
total
19 226
19 011
21 906
-
Employer
47 839
44 063
44 063
-
unemployment
1 722
1 586
1 586
-
health
3 324
3 063
3 063
-
pensions
3 329
3 067
3 067
-
total
8 375
7 716
7 716
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
27 601
26 727
29 622
19 641
After tax
17 899
18 773
15 878
25 859
Living cost
28 612
28 612
28 612
28 612
Free-cash
-10 713
-9 839
-12 734
-2 753

Estimated living cost  is ₴28612 per week

₴21106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2556
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4623
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10338
₴18576
₴9409
₴14027
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 286
health
-
-
-
6 143
income
-
-
-
3 911
solidarity contribution
-
-
-
-
total
-
-
-
23 340
Employee
18 752
-
33 955
-
social contributions
1 219
-
2 207
-
solidarity contribution
-
-
-
-
income
2 250
-
4 075
-
health
2 531
-
4 584
-
total
6 000
-
10 866
-
Employer
18 752
-
33 955
-
health
1 688
-
3 056
-
social contributions
4 688
-
8 489
-
total
6 376
-
11 545
-
Corporate
20 373
45 500
-
-
income
3 871
8 645
-
-
total
3 871
8 645
-
-
Dividends
16 502
36 855
-
-
withholding
2 475
5 528
-
-
total
2 475
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 722
14 173
22 411
23 340
After tax
26 778
31 327
23 089
22 160
Living cost
12 751
12 751
12 751
12 751
Free-cash
14 027
18 576
10 338
9 409

Estimated living cost  is ₴12751 per week

₴8857
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴907
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.
₴2736
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴142
₴2503
₴2024
-₴358
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 702
national
-
-
-
9 240
regional
-
-
-
491
municipal
-
-
-
270
total
-
-
-
21 703
Employee
45 858
-
45 500
-
social contributions
15 463
-
15 343
-
municipal
243
-
241
-
national
7 946
-
7 856
-
regional
433
-
429
-
total
24 085
-
23 869
-
Employer
45 858
-
45 500
-
total
-
-
-
-
Corporate
-
45 500
-
-
nationa
-
10 920
-
-
municipal
-
1 774
-
-
total
-
12 694
-
-
Dividends
-
32 806
-
-
withholding
-
8 530
-
-
total
-
8 530
-
-
Income
45 500
45 500
45 500
45 500
Total tax
24 085
21 224
23 869
21 703
After tax
21 415
24 276
21 631
23 797
Living cost
21 773
21 773
21 773
21 773
Free-cash
-358
2 503
-142
2 024

Estimated living cost  is ₴21773 per week

₴15177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11773
₴17233
₴12649
₴15627
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
3 230
income
-
-
-
8 116
pensions
-
-
-
9 100
surtax
-
-
-
901
unemployment
-
-
-
118
total
-
-
-
21 465
Employee
17 063
-
37 587
-
surtax
56
-
800
-
income
2 860
-
7 545
-
other
-
-
-
-
pensions
1 138
-
2 507
-
health
436
-
959
-
unemployment
1 188
-
2 616
-
total
5 678
-
14 427
-
Employer
17 063
-
37 587
-
other
-
-
-
-
unemployment
541
-
1 192
-
health
776
-
1 711
-
pensions
2 275
-
5 011
-
total
3 592
-
7 914
-
Corporate
24 845
45 500
-
-
income
6 460
11 830
-
-
total
6 460
11 830
-
-
Dividends
18 385
33 670
-
-
withholding
2 757
5 051
-
-
total
2 757
5 051
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 487
16 881
22 341
21 465
After tax
27 013
28 619
23 159
24 035
Living cost
11 386
11 386
11 386
11 386
Free-cash
15 627
17 233
11 773
12 649

Estimated living cost  is ₴11386 per week

₴6962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1051
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.
₴3111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5194
₴10595
₴10314
₴6550
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 453
pensions
-
-
-
3 237
total
-
-
-
11 690
Employee
32 610
-
40 164
-
income
5 873
-
7 172
-
health
473
-
627
-
pensions
2 768
-
3 675
-
total
9 114
-
11 474
-
Employer
32 610
-
40 164
-
health
619
-
763
-
pensions
3 530
-
4 573
-
total
4 149
-
5 336
-
Corporate
8 740
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.

1 660
8 645
-
-
total
1 660
8 645
-
-
Dividends
7 080
36 855
-
-
withholding
531
2 764
-
-
total
531
2 764
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 454
11 409
16 810
11 690
After tax
30 046
34 091
28 690
33 810
Living cost
23 496
23 496
23 496
23 496
Free-cash
6 550
10 595
5 194
10 314

Estimated living cost  is ₴23496 per week

₴17603
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3886
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5846
-₴20937
-₴3520
-₴8003
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
136
pensions
-
-
-
4 185
city
-
-
-
479
national
-
-
-
197
regional
-
-
-
1 370
total
-
-
-
7 277
Employee
48 850
-
40 725
-
national
231
-
167
-
city
524
-
437
-
pensions
4 104
-
3 421
-
health
110
-
91
-
regional
1 600
-
1 160
-
unemployment
-
-
-
-
total
6 569
-
5 276
-
Employer
48 850
-
40 725
-
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.

977
-
815
-
unemployment
-
-
-
-
health
110
-
91
-
pensions
4 104
-
3 421
-
total
5 191
-
4 327
-
Corporate
-
45 500
-
-
regional
-
9 623
-
-
national
-
3 867
-
-
total
-
13 490
-
-
Dividends
-
32 010
-
-
withholding
-
11 204
-
-
total
-
11 204
-
-
Income
45 500
45 500
45 500
45 500
Total tax
11 760
24 694
9 603
7 277
After tax
33 740
20 806
35 897
38 223
Living cost
41 743
41 743
41 743
41 743
Free-cash
-8 003
-20 937
-5 846
-3 520

Estimated living cost  is ₴41743 per week

₴27145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3746
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10339
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴9424
-₴1082
₴5735
₴7285
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 525
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.

-
-
-
8 448
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.

-
-
-
465
trade
-
-
-
3 689
total
-
-
-
16 127
Employee

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

31 010
-
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.

201
-
465
-
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.

3 646
-
8 448
-
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.

3 525
-
3 525
-
total
7 372
-
12 438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
14 490
45 500
-
-
chamber of commerce
99
142
-
-
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.

119
375
-
-
trade
2 485
7 803
-
-
income
2 174
6 825
-
-
total
4 877
15 145
-
-
Dividends
9 613
30 355
-
-
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.

121
406
-
-
withholding
2 207
7 393
-
-
total
2 328
7 799
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 577
22 944
12 438
16 127
After tax
30 923
22 556
33 062
29 373
Living cost
23 638
23 638
23 638
23 638
Free-cash
7 285
-1 082
9 424
5 735

Estimated living cost  is ₴23638 per week

₴17264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1891
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.
₴4176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8678
₴5279
₴8723
₴8323
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 410
social contributions
-
-
-
1 296
health
-
-
-
507
income
-
-
-
3 471
pensions
-
-
-
12 439
surtax
-
-
-
-
total
-
-
-
19 123
Employee
22 084
-
34 672
-
surtax
-
-
-
-
social contributions
630
-
988
-
income
1 303
-
3 430
-
pensions
2 497
-
3 922
-
total
4 430
-
8 340
-
Employer
22 084
-
34 672
-
other
762
-
1 197
-
unemployment
894
-
1 404
-
health
1 546
-
2 427
-
pensions
3 628
-
5 696
-
social contributions
67
-
104
-
total
6 897
-
10 828
-
Corporate
16 520
45 500
-
-
surtax
-
-
-
-
income
4 626
12 740
-
-
total
4 626
12 740
-
-
Dividends
11 894
32 760
-
-
social contributions
2 047
5 634
-
-
surtax
-
-
-
-
withholding
1 523
4 193
-
-
total
3 570
9 827
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 523
22 567
19 168
19 123
After tax
25 977
22 933
26 332
26 377
Living cost
17 654
17 654
17 654
17 654
Free-cash
8 323
5 279
8 678
8 723

Estimated living cost  is ₴17654 per week

₴11131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1435
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴10427
₴7028
₴10472
₴9892
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 410
social contributions
-
-
-
1 296
health
-
-
-
507
income
-
-
-
3 471
pensions
-
-
-
12 439
surtax
-
-
-
-
total
-
-
-
19 123
Employee
19 713
-
34 672
-
surtax
-
-
-
-
social contributions
562
-
988
-
income
1 016
-
3 430
-
pensions
2 230
-
3 922
-
total
3 808
-
8 340
-
Employer
19 713
-
34 672
-
other
681
-
1 197
-
unemployment
798
-
1 404
-
health
1 380
-
2 427
-
pensions
3 239
-
5 696
-
social contributions
59
-
104
-
total
6 157
-
10 828
-
Corporate
19 631
45 500
-
-
surtax
-
-
-
-
income
5 497
12 740
-
-
total
5 497
12 740
-
-
Dividends
14 134
32 760
-
-
social contributions
2 431
5 634
-
-
surtax
-
-
-
-
withholding
1 810
4 193
-
-
total
4 241
9 827
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 703
22 567
19 168
19 123
After tax
25 797
22 933
26 332
26 377
Living cost
15 905
15 905
15 905
15 905
Free-cash
9 892
7 028
10 427
10 472

Estimated living cost  is ₴15905 per week

₴9224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18674
₴16818
₴18279
₴17086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 279
health
-
-
-
3 176
income
-
-
-
6 825
total
-
-
-
16 280
Employee
17 495
-
45 500
-
social contributions
2 415
-
6 279
-
income
2 918
-
6 430
-
health
1 221
-
3 176
-
total
6 554
-
15 885
-
Employer
17 495
-
45 500
-
total
-
-
-
-
Corporate
28 005
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%.

1 400
2 275
-
-
total
1 400
2 275
-
-
Dividends
26 605
43 225
-
-
social contributions
3 671
5 965
-
-
withholding
3 991
6 484
-
-
health
1 857
3 017
-
-
total
9 519
15 466
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 473
17 741
15 885
16 280
After tax
28 027
27 759
29 615
29 220
Living cost
10 941
10 941
10 941
10 941
Free-cash
17 086
16 818
18 674
18 279

Estimated living cost  is ₴10941 per week

₴7322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴675
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.
₴2692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3287
₴7428
₴5358
₴6626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 481
income
-
-
-
6 614
chamber of commerce
-
-
-
182
pensions
-
-
-
8 417
surtax
-
-
-
102
unemployment
-
-
-
3 165
total
-
-
-
21 961
Employee
25 787
20 563
35 253
-
income
2 936
1 517
5 649
-
other
258
206
353
-
pensions
2 641
2 105
3 610
-
health
998
796
1 364
-
unemployment
774
617
1 058
-
total
7 607
5 241
12 034
-
Employer
25 787
20 563
35 253
-
other
1 225
976
1 674
-
unemployment
774
617
1 058
-
health
974
777
1 333
-
surtax
102
102
102
-
accident
335
267
458
-
pensions
3 236
2 581
4 424
-
payroll
774
617
1 058
-
chamber of commerce
103
82
141
-
total
7 523
6 019
10 248
-
Corporate
12 191
18 917
33 294
-
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.

3 048
4 729
8 324
-
total
3 048
4 729
8 324
-
Dividends
9 143
14 188
-
-
withholding
2 515
3 902
-
-
total
2 515
3 902
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 693
19 891
30 606
21 961
After tax
24 807
25 609
14 894
23 539
Living cost
18 181
18 181
18 181
18 181
Free-cash
6 626
7 428
-3 287
5 358

Estimated living cost  is ₴18181 per week

₴12126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1551
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴712
₴6727
₴3256
-₴2153
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 768
communal

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

-
-
-
2 324
national
-
-
-
14 338
total
-
-
-
23 430
Employee

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

36 909
-
35 240
-
national
11 347
-
10 694
-
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.

2 768
-
2 643
-
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.

1 734
-
1 657
-
communal

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

1 925
-
1 838
-
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.

321
-
306
-
total
18 095
-
17 138
-
Employer

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

36 909
-
35 240
-
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.

539
-
514
-
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.

2 270
-
2 168
-
surtax
4 185
-
3 997
-
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.

480
-
458
-
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.

3 270
-
3 123
-
total
10 744
-
10 260
-
Corporate
-
45 500
-
-
surtax
-
182
-
-
income
-
9 100
-
-
total
-
9 282
-
-
Dividends
-
36 218
-
-
withholding

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

-
10 677
-
-
total
-
10 677
-
-
Income
45 500
45 500
45 500
45 500
Total tax
28 839
19 959
27 398
23 430
After tax
16 661
25 541
18 102
22 070
Living cost
18 814
18 814
18 814
18 814
Free-cash
-2 153
6 727
-712
3 256

Estimated living cost  is ₴18814 per week

₴12118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1645
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.
₴4756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5779
₴12036
₴5458
₴7926
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
45
accident
-
-
-
409
income
-
-
-
7 759
pensions
-
-
-
12 876
unemployment
-
-
-
318
total
-
-
-
21 407
Employee
25 685
-
34 502
-
income
5 419
-
7 897
-
other
25
-
34
-
pensions
1 207
-
1 622
-
unemployment
399
-
535
-
total
7 050
-
10 088
-
Employer
25 685
-
34 502
-
other
205
-
275
-
unemployment
1 413
-
1 898
-
accident
508
-
683
-
pensions
6 061
-
8 142
-
total
8 187
-
10 998
-
Corporate
11 628
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.

1 744
6 825
-
-
total
1 744
6 825
-
-
Dividends
9 884
38 675
-
-
withholding
1 958
8 004
-
-
total
1 958
8 004
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 939
14 829
21 086
21 407
After tax
26 561
30 671
24 414
24 093
Living cost
18 635
18 635
18 635
18 635
Free-cash
7 926
12 036
5 779
5 458

Estimated living cost  is ₴18635 per week

₴13722
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.
₴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.
₴3321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴889
-₴23
-₴1318
-₴3253
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 197
accident
-
-
-
384
income
-
-
-
3 244
pensions
-
-
-
6 820
communal
-
-
-
2 876
surtax
-
-
-
2 256
total
-
-
-
18 777
Employee
39 075
-
40 642
-
surtax
2 395
-
2 491
-
income
3 774
-
4 162
-
pensions
3 126
-
3 251
-
health
1 739
-
1 809
-
total
11 034
-
11 713
-
Employer
39 075
-
40 642
-
health
1 192
-
1 240
-
accident
352
-
366
-
pensions
3 126
-
3 251
-
total
4 670
-
4 857
-
Corporate
1 756
45 500
-
-
surtax
19
478
-
-
income
263
6 825
-
-
communal
-
3 072
-
-
total
282
10 375
-
-
Dividends
1 474
35 126
-
-
income
4 505
1 838
-
-
withholding
221
5 269
-
-
total
4 726
7 107
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 712
17 482
16 570
18 777
After tax
24 788
28 018
28 930
26 723
Living cost
28 041
28 041
28 041
28 041
Free-cash
-3 253
-23
889
-1 318

Estimated living cost  is ₴28041 per week

₴21035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1699
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5010
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11569
₴17029
₴12445
₴15389
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
3 230
income
-
-
-
8 116
pensions
-
-
-
9 100
surtax
-
-
-
901
unemployment
-
-
-
118
total
-
-
-
21 465
Employee
17 377
-
37 587
-
surtax
62
-
800
-
income
2 913
-
7 545
-
other
-
-
-
-
pensions
1 159
-
2 507
-
health
444
-
959
-
unemployment
1 209
-
2 616
-
total
5 787
-
14 427
-
Employer
17 377
-
37 587
-
other
-
-
-
-
unemployment
551
-
1 192
-
health
790
-
1 711
-
pensions
2 317
-
5 011
-
total
3 658
-
7 914
-
Corporate
24 465
45 500
-
-
income
6 361
11 830
-
-
total
6 361
11 830
-
-
Dividends
18 104
33 670
-
-
withholding
2 715
5 051
-
-
total
2 715
5 051
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 521
16 881
22 341
21 465
After tax
26 979
28 619
23 159
24 035
Living cost
11 590
11 590
11 590
11 590
Free-cash
15 389
17 029
11 569
12 445

Estimated living cost  is ₴11590 per week

₴6997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1008
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3317
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7548
₴10016
₴9702
₴8869
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 702
national
-
-
-
9 240
regional
-
-
-
686
municipal
-
-
-
270
total
-
-
-
21 898
Employee
28 623
-
45 500
-
social contributions
9 652
-
15 343
-
municipal
152
-
241
-
national
4 535
-
7 856
-
regional
385
-
612
-
total
14 724
-
24 052
-
Employer
28 623
-
45 500
-
total
-
-
-
-
Corporate
16 877
45 500
-
-
nationa
4 051
10 920
-
-
municipal
839
2 261
-
-
total
4 890
13 181
-
-
Dividends
11 987
32 319
-
-
withholding
3 117
8 403
-
-
total
3 117
8 403
-
-
Income
45 500
45 500
45 500
45 500
Total tax
22 731
21 584
24 052
21 898
After tax
22 769
23 916
21 448
23 602
Living cost
13 900
13 900
13 900
13 900
Free-cash
8 869
10 016
7 548
9 702

Estimated living cost  is ₴13900 per week

₴8644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1408
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3609
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7376
₴15614
₴6447
₴10008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 286
health
-
-
-
6 143
income
-
-
-
3 911
solidarity contribution
-
-
-
-
total
-
-
-
23 340
Employee
23 107
-
33 955
-
social contributions
1 502
-
2 207
-
solidarity contribution
-
-
-
-
income
2 773
-
4 075
-
health
3 119
-
4 584
-
total
7 394
-
10 866
-
Employer
23 107
-
33 955
-
health
2 080
-
3 056
-
social contributions
5 777
-
8 489
-
total
7 857
-
11 545
-
Corporate
14 537
45 500
-
-
income
2 762
8 645
-
-
total
2 762
8 645
-
-
Dividends
11 775
36 855
-
-
withholding
1 766
5 528
-
-
total
1 766
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 779
14 173
22 411
23 340
After tax
25 721
31 327
23 089
22 160
Living cost
15 713
15 713
15 713
15 713
Free-cash
10 008
15 614
7 376
6 447

Estimated living cost  is ₴15713 per week

₴11685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴870
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1539
₴9202
₴7179
₴8945
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 481
income
-
-
-
6 614
chamber of commerce
-
-
-
182
pensions
-
-
-
8 417
surtax
-
-
-
-
unemployment
-
-
-
3 165
total
-
-
-
21 859
Employee
22 555
20 563
35 330
-
income
2 009
1 517
5 670
-
other
225
206
353
-
pensions
2 310
2 105
3 618
-
health
872
796
1 367
-
unemployment
677
617
1 059
-
total
6 093
5 241
12 067
-
Employer
22 555
20 563
35 330
-
other
1 071
976
1 678
-
unemployment
677
617
1 059
-
health
853
777
1 336
-
surtax
-
-
-
-
accident
293
267
459
-
pensions
2 831
2 581
4 434
-
payroll
677
617
1 059
-
chamber of commerce
90
82
141
-
total
6 492
5 917
10 166
-
Corporate
16 454
19 019
33 375
-
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.

4 114
4 755
8 344
-
total
4 114
4 755
8 344
-
Dividends
12 340
14 264
-
-
withholding
3 394
3 923
-
-
total
3 394
3 923
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 093
19 836
30 577
21 859
After tax
25 407
25 664
14 923
23 641
Living cost
16 462
16 462
16 462
16 462
Free-cash
8 945
9 202
-1 539
7 179

Estimated living cost  is ₴16462 per week

₴9875
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1681
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4612
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29816
₴36641
₴38461
₴35406
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 230
-
45 500
-
income
1 646
-
9 100
-
total
1 646
-
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%.

37 270
45 500
-
-
total
-
-
-
-
Dividends
37 270
45 500
-
-
withholding
1 864
2 275
-
-
total
1 864
2 275
-
-
Income
45 500
45 500
45 500
45 500
Total tax
3 510
2 275
9 100
455
After tax
41 990
43 225
36 400
45 045
Living cost
6 584
6 584
6 584
6 584
Free-cash
35 406
36 641
29 816
38 461

Estimated living cost  is ₴6584 per week

₴4456
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴276
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1631
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8664
₴17487
₴9967
₴13169
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 478
income
-
-
-
8 837
pensions
-
-
-
8 309
unemployment
-
-
-
69
total
-
-
-
21 693
Employee

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

22 817
-
39 370
-
income
3 935
-
8 166
-
pensions
3 537
-
6 102
-
health
1 474
-
2 543
-
unemployment
32
-
55
-
total
8 978
-
16 866
-
Employer

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

22 817
-
39 370
-
unemployment
14
-
24
-
health
1 520
-
2 622
-
pensions
2 019
-
3 484
-
total
3 553
-
6 130
-
Corporate
19 130
45 500
-
-
income
3 635
8 645
-
-
total
3 635
8 645
-
-
Dividends
15 496
36 855
-
-
withholding
2 325
5 528
-
-
total
2 325
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 491
14 173
22 996
21 693
After tax
27 009
31 327
22 504
23 807
Living cost
13 840
13 840
13 840
13 840
Free-cash
13 169
17 487
8 664
9 967

Estimated living cost  is ₴13840 per week

₴9498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15281
₴4524
₴8286
-₴34526
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 187
income
-
-
-
8 869
total
-
-
-
14 056
Employee
33 206
-
-
-
social contributions
2 723
-
388
-
income
7 325
-
-
-
total
10 048
-
388
-
Employer
33 206
-
-
-
social contributions
46 820
-
6 673
-
total
46 820
-
6 673
-
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
56 868
17 818
7 061
14 056
After tax
-11 368
27 682
38 439
31 444
Living cost
23 158
23 158
23 158
23 158
Free-cash
-34 526
4 524
15 281
8 286

Estimated living cost  is ₴23158 per week

₴15026
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2178
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.
₴5659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7377
₴9695
₴9451
₴9176
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
15 811
income
-
-
-
4 053
surtax
-
-
-
-
total
-
-
-
19 864
Employee
23 732
-
36 768
-
surtax
-
-
-
-
social contributions
2 611
-
4 044
-
income
4 936
-
9 162
-
total
7 547
-
13 206
-
Employer
23 732
-
36 768
-
social contributions
5 636
-
8 732
-
total
5 636
-
8 732
-
Corporate
16 132
45 500
-
-
surtax
-
-
-
-
income
3 388
9 555
-
-
total
3 388
9 555
-
-
Dividends
12 744
35 945
-
-
withholding
3 568
10 065
-
-
total
3 568
10 065
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 139
19 620
21 938
19 864
After tax
25 361
25 880
23 562
25 636
Living cost
16 185
16 185
16 185
16 185
Free-cash
9 176
9 695
7 377
9 451

Estimated living cost  is ₴16185 per week

₴12110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴955
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.
₴2850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1410
-₴1989
₴1455
₴1558
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 410
social contributions
-
-
-
1 296
health
-
-
-
507
income
-
-
-
3 471
pensions
-
-
-
12 439
surtax
-
-
-
-
total
-
-
-
19 123
Employee
32 317
-
34 672
-
surtax
-
-
-
-
social contributions
920
-
988
-
income
2 820
-
3 430
-
pensions
3 655
-
3 922
-
total
7 395
-
8 340
-
Employer
32 317
-
34 672
-
other
1 115
-
1 197
-
unemployment
1 309
-
1 404
-
health
2 262
-
2 427
-
pensions
5 310
-
5 696
-
social contributions
97
-
104
-
total
10 093
-
10 828
-
Corporate
3 089
45 500
-
-
surtax
-
-
-
-
income
865
12 740
-
-
total
865
12 740
-
-
Dividends
2 225
32 760
-
-
social contributions
382
5 634
-
-
surtax
-
-
-
-
withholding
285
4 193
-
-
total
667
9 827
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 020
22 567
19 168
19 123
After tax
26 480
22 933
26 332
26 377
Living cost
24 922
24 922
24 922
24 922
Free-cash
1 558
-1 989
1 410
1 455

Estimated living cost  is ₴24922 per week

₴16866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2039
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20656
₴25440
₴19381
₴23707
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
599
social contributions
-
-
-
10 010
total
-
-
-
10 609
Employee
16 589
-
39 394
-
income
-
-
667
-
social contributions
1 078
-
2 561
-
total
1 078
-
3 228
-
Employer
16 589
-
39 394
-
social contributions
2 571
-
6 106
-
total
2 571
-
6 106
-
Corporate
26 340
45 500
-
-
income
2 634
4 550
-
-
total
2 634
4 550
-
-
Dividends
23 706
40 950
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
6 283
4 550
9 334
10 609
After tax
39 217
40 950
36 166
34 891
Living cost
15 510
15 510
15 510
15 510
Free-cash
23 707
25 440
20 656
19 381

Estimated living cost  is ₴15510 per week

₴10029
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4021
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴66764
-₴66764
₴3695
-₴66764
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 604
pensions
-
-
-
447
national
-
-
-
4 734
municipal
-
-
-
8 205
total
-
-
-
16 990
Employee
104 738
104 738
104 738
-
labour market
8 367
8 367
8 367
-
municipal
22 303
22 303
22 303
-
national
12 796
12 796
12 796
-
pensions
149
149
149
-
total
43 615
43 615
43 615
-
Employer
104 738
104 738
104 738
-
national
12 818
12 818
12 818
-
labour market
8 379
8 379
8 379
-
pensions
298
298
298
-
municipal
22 339
22 339
22 339
-
total
43 834
43 834
43 834
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
87 449
87 449
87 449
16 990
After tax
-41 949
-41 949
-41 949
28 510
Living cost
24 815
24 815
24 815
24 815
Free-cash
-66 764
-66 764
-66 764
3 695

Estimated living cost  is ₴24815 per week

₴16984
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴382
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5254
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11774
-₴7625
₴19961
₴1950
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
health
-
-
-
1 138
accident
-
-
-
132
income
-
-
-
10 595
pensions
-
-
-
2 171
total
-
-
-
14 229
Employee
17 791
-
38 179
-
income
2 441
-
6 742
-
pensions
2 003
-
3 981
-
health
2 037
-
4 371
-
total
6 481
-
15 094
-
Employer
17 791
-
38 179
-
unemployment
436
-
935
-
accident
297
-
638
-
pensions
2 893
-
5 749
-
total
3 626
-
7 322
-
Corporate
24 083
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.

21 675
40 950
-
-
total
21 675
40 950
-
-
Dividends
2 408
4 550
-
-
withholding
458
865
-
-
total
458
865
-
-
Income
45 500
45 500
45 500
45 500
Total tax
32 240
41 815
22 416
14 229
After tax
13 260
3 685
23 084
31 271
Living cost
11 310
11 310
11 310
11 310
Free-cash
1 950
-7 625
11 774
19 961

Estimated living cost  is ₴11310 per week

₴8232
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.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2220
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6630
₴10908
₴13182
₴9157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
486
national
-
-
-
3 919
municipal
-
-
-
8 103
total
-
-
-
12 508
Employee
27 147
-
38 278
-
municipal
4 446
-
6 254
-
national
448
-
2 051
-
pensions
1 832
-
2 584
-
health
203
-
374
-
unemployment
407
-
574
-
total
7 336
-
11 837
-
Employer
27 147
-
38 278
-
unemployment
176
-
249
-
health
209
-
295
-
accident
27
-
38
-
pensions
4 710
-
6 641
-
total
5 122
-
7 223
-
Corporate
13 231
45 500
-
-
income
2 646
9 100
-
-
total
2 646
9 100
-
-
Dividends

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

7 939
27 300
-
-
national
-
767
-
-
municipal
1 429
4 915
-
-
total
1 429
5 682
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 533
14 782
19 060
12 508
After tax
28 967
30 718
26 440
32 992
Living cost
19 810
19 810
19 810
19 810
Free-cash
9 157
10 908
6 630
13 182

Estimated living cost  is ₴19810 per week

₴12940
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4650
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21118
₴21394
₴21163
₴18586
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 098
health
-
-
-
1 160
income
-
-
-
4 132
total
-
-
-
12 390
Employee
39 677
39 677
41 308
-
social contributions
1 500
3 293
3 428
-
income
4 320
3 673
4 113
-
health
307
675
702
-
total
6 127
7 641
8 243
-
Employer
39 677
39 677
41 308
-
health
334
734
764
-
social contributions
1 500
3 293
3 428
-
total
1 834
4 027
4 192
-
Corporate
25 592
1 795
-
-
income
3 199
224
-
-
total
3 199
224
-
-
Dividends
22 393
1 571
-
-
withholding
3 807
267
-
-
total
3 807
267
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 967
12 159
12 435
12 390
After tax
30 533
33 341
33 065
33 110
Living cost
11 947
11 947
11 947
11 947
Free-cash
18 586
21 394
21 118
21 163

Estimated living cost  is ₴11947 per week

₴7160
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3351
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19893
₴29486
₴27889
₴26861
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 867
income
-
-
-
4 255
pensions
-
-
-
3 282
unemployment
-
-
-
15
total
-
-
-
9 419
Employee

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

11 844
-
41 250
-
income
810
-
3 266
-
pensions
1 776
-
6 187
-
health
1 007
-
3 506
-
unemployment
59
-
207
-
total
3 652
-
13 166
-
Employer

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

11 844
-
41 250
-
unemployment
59
-
207
-
health
509
-
1 773
-
pensions
651
-
2 269
-
total
1 219
-
4 249
-
Corporate
32 437
45 500
-
-
income
2 919
4 095
-
-
total
2 919
4 095
-
-
Dividends
29 518
41 405
-
-
withholding
2 657
3 727
-
-
total
2 657
3 727
-
-
Income
45 500
45 500
45 500
45 500
Total tax
10 447
7 822
17 415
9 419
After tax
35 053
37 678
28 085
36 081
Living cost
8 192
8 192
8 192
8 192
Free-cash
26 861
29 486
19 893
27 889

Estimated living cost  is ₴8192 per week

₴5227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴590
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2131
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10225
₴16482
₴9904
₴13775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
45
accident
-
-
-
409
income
-
-
-
7 759
pensions
-
-
-
12 876
unemployment
-
-
-
318
total
-
-
-
21 407
Employee
19 079
-
34 502
-
income
3 678
-
7 897
-
other
19
-
34
-
pensions
897
-
1 622
-
unemployment
296
-
535
-
total
4 890
-
10 088
-
Employer
19 079
-
34 502
-
other
153
-
275
-
unemployment
1 050
-
1 898
-
accident
378
-
683
-
pensions
4 502
-
8 142
-
total
6 083
-
10 998
-
Corporate
20 338
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.

3 051
6 825
-
-
total
3 051
6 825
-
-
Dividends
17 287
38 675
-
-
withholding
3 512
8 004
-
-
total
3 512
8 004
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 536
14 829
21 086
21 407
After tax
27 964
30 671
24 414
24 093
Living cost
14 189
14 189
14 189
14 189
Free-cash
13 775
16 482
10 225
9 904

Estimated living cost  is ₴14189 per week

₴9577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2999
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27994
₴27439
₴28063
₴27280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
504
income
-
-
-
15 285
pensions
-
-
-
695
total
-
-
-
16 484
Employee
1 452
-
44 718
-
income
281
-
15 249
-
pensions
131
-
313
-
health
73
-
174
-
unemployment
15
-
35
-
total
500
-
15 771
-
Employer
1 452
-
44 718
-
unemployment
29
-
70
-
health
138
-
330
-
pensions
160
-
382
-
total
327
-
782
-
Corporate
43 722
45 500
-
-
income
9 619
10 010
-
-
total
9 619
10 010
-
-
Dividends
34 103
35 490
-
-
withholding
6 821
7 098
-
-
total
6 821
7 098
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 267
17 108
16 553
16 484
After tax
28 233
28 392
28 947
29 016
Living cost
953
953
953
953
Free-cash
27 280
27 439
27 994
28 063

Estimated living cost  is ₴953 per week

₴566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14454
₴23976
₴14453
₴21443
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 917
income
-
-
-
7 775
pensions
-
-
-
9 887
unemployment
-
-
-
570
total
-
-
-
22 149
Employee

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

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

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

13 418
-
38 693
-
income
1 850
-
7 775
-
pensions
1 879
-
5 324
-
health
691
-
1 958
-
unemployment
101
-
285
-
total
4 521
-
15 342
-
Employer

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

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

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

13 418
-
38 693
-
unemployment
101
-
285
-
health
691
-
1 958
-
pensions
1 610
-
4 563
-
total
2 402
-
6 806
-
Corporate
29 680
45 500
-
-
income
4 452
6 825
-
-
total
4 452
6 825
-
-
Dividends
25 228
38 675
-
-
withholding
3 784
5 801
-
-
total
3 784
5 801
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 159
12 626
22 148
22 149
After tax
30 341
32 874
23 352
23 351
Living cost
8 898
8 898
8 898
8 898
Free-cash
21 443
23 976
14 454
14 453

Estimated living cost  is ₴8898 per week

₴5991
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴688
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1961
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9651
₴11969
₴11725
₴11783
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
15 811
income
-
-
-
4 053
surtax
-
-
-
-
total
-
-
-
19 864
Employee
20 027
-
36 768
-
surtax
-
-
-
-
social contributions
2 203
-
4 044
-
income
3 913
-
9 162
-
total
6 116
-
13 206
-
Employer
20 027
-
36 768
-
social contributions
4 756
-
8 732
-
total
4 756
-
8 732
-
Corporate
20 717
45 500
-
-
surtax
-
-
-
-
income
4 351
9 555
-
-
total
4 351
9 555
-
-
Dividends
16 367
35 945
-
-
withholding
4 583
10 065
-
-
total
4 583
10 065
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 806
19 620
21 938
19 864
After tax
25 694
25 880
23 562
25 636
Living cost
13 911
13 911
13 911
13 911
Free-cash
11 783
11 969
9 651
11 725

Estimated living cost  is ₴13911 per week

₴9853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴966
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.
₴2846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6280
₴12537
₴5959
₴8600
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
45
accident
-
-
-
409
income
-
-
-
7 759
pensions
-
-
-
12 876
unemployment
-
-
-
318
total
-
-
-
21 407
Employee
24 920
-
34 502
-
income
5 205
-
7 897
-
other
24
-
34
-
pensions
1 171
-
1 622
-
unemployment
386
-
535
-
total
6 786
-
10 088
-
Employer
24 920
-
34 502
-
other
200
-
275
-
unemployment
1 371
-
1 898
-
accident
494
-
683
-
pensions
5 881
-
8 142
-
total
7 946
-
10 998
-
Corporate
12 635
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.

1 896
6 825
-
-
total
1 896
6 825
-
-
Dividends
10 739
38 675
-
-
withholding
2 138
8 004
-
-
total
2 138
8 004
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 766
14 829
21 086
21 407
After tax
26 734
30 671
24 414
24 093
Living cost
18 134
18 134
18 134
18 134
Free-cash
8 600
12 537
6 280
5 959

Estimated living cost  is ₴18134 per week

₴13023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3446
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26499
₴30158
₴25189
₴27059
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 042
income
-
-
-
6 825
pensions

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

-
-
-
2 628
unemployment
-
-
-
71
total
-
-
-
11 566
Employee
11 579
-
42 016
-
income
1 158
-
4 201
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 017
-
1 559
-
health
533
-
817
-
total
2 835
-
6 772
-
Employer
11 579
-
42 016
-
unemployment
70
-
107
-
health
799
-
1 225
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 276
-
1 957
-
total
2 272
-
3 484
-
Corporate
31 649
45 500
-
-
income
3 165
4 550
-
-
total
3 165
4 550
-
-
Dividends
28 484
40 950
-
-
withholding
1 424
2 047
-
-
total
1 424
2 047
-
-
Income
45 500
45 500
45 500
45 500
Total tax
9 696
6 597
10 256
11 566
After tax
35 804
38 903
35 244
33 934
Living cost
8 745
8 745
8 745
8 745
Free-cash
27 059
30 158
26 499
25 189

Estimated living cost  is ₴8745 per week

₴5784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2252
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13141
₴3571
₴10055
₴10318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 525
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.

-
-
-
8 448
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.

-
-
-
465
trade
-
-
-
3 086
total
-
-
-
15 524
Employee

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

25 674
-
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.

117
-
465
-
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.

2 111
-
8 448
-
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.

3 525
-
3 525
-
total
5 753
-
12 438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
19 826
45 500
-
-
chamber of commerce
108
145
-
-
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.

164
375
-
-
trade
2 846
6 529
-
-
income
2 974
6 825
-
-
total
6 092
13 874
-
-
Dividends
13 736
31 626
-
-
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
424
-
-
withholding
3 238
7 710
-
-
total
3 416
8 134
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 261
22 008
12 438
15 524
After tax
30 239
23 492
33 062
29 976
Living cost
19 921
19 921
19 921
19 921
Free-cash
10 318
3 571
13 141
10 055

Estimated living cost  is ₴19921 per week

₴13742
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2143
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3746
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2518
₴2457
₴2518
₴3597
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 671
social contributions
-
-
-
3 918
total
-
-
-
13 589
Employee
40 362
-
45 500
-
income
7 616
-
9 671
-
social contributions
3 353
-
3 918
-
total
10 969
-
13 589
-
Employer
40 362
-
45 500
-
total
-
-
-
-
Corporate
5 138
45 500
-
-
income
642
5 687
-
-
total
642
5 687
-
-
Dividends
4 496
39 813
-
-
withholding
899
7 963
-
-
total
899
7 963
-
-
Income
45 500
45 500
45 500
45 500
Total tax
12 510
13 650
13 589
13 589
After tax
32 990
31 850
31 911
31 911
Living cost
29 393
29 393
29 393
29 393
Free-cash
3 597
2 457
2 518
2 518

Estimated living cost  is ₴29393 per week

₴22362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2395
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.
₴4355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14589
₴8118
₴8909
₴10750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 688
health

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

-
-
-
3 172
total
-
-
-
17 860
Employee
23 671
-
43 126
-
income
2 568
-
7 432
-
social contributions
2 372
-
2 374
-
total
4 940
-
9 806
-
Employer
23 671
-
43 126
-
social contributions
2 372
-
2 374
-
total
2 372
-
2 374
-
Corporate
19 458
45 500
-
-
income
6 810
15 925
-
-
total
6 810
15 925
-
-
Dividends
12 648
29 575
-
-
social contributions
1 897
2 726
-
-
total
1 897
2 726
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 019
18 651
12 180
17 860
After tax
29 481
26 849
33 320
27 640
Living cost
18 731
18 731
18 731
18 731
Free-cash
10 750
8 118
14 589
8 909

Estimated living cost  is ₴18731 per week

₴12338
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1477
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.
₴4629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9589
₴14990
₴14709
₴12088
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 453
pensions
-
-
-
3 237
total
-
-
-
11 690
Employee
26 219
-
40 164
-
income
4 775
-
7 172
-
health
342
-
627
-
pensions
2 001
-
3 675
-
total
7 118
-
11 474
-
Employer
26 219
-
40 164
-
health
498
-
763
-
pensions
2 649
-
4 573
-
total
3 147
-
5 336
-
Corporate
16 134
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.

3 066
8 645
-
-
total
3 066
8 645
-
-
Dividends
13 068
36 855
-
-
withholding
980
2 764
-
-
total
980
2 764
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 311
11 409
16 810
11 690
After tax
31 189
34 091
28 690
33 810
Living cost
19 101
19 101
19 101
19 101
Free-cash
12 088
14 990
9 589
14 709

Estimated living cost  is ₴19101 per week

₴13103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1757
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.
₴4001
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10655
-₴8744
₴18842
₴1779
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
health
-
-
-
1 138
accident
-
-
-
132
income
-
-
-
10 595
pensions
-
-
-
2 171
total
-
-
-
14 229
Employee
19 552
-
38 179
-
income
2 682
-
6 742
-
pensions
2 202
-
3 981
-
health
2 239
-
4 371
-
total
7 123
-
15 094
-
Employer
19 552
-
38 179
-
unemployment
479
-
935
-
accident
327
-
638
-
pensions
3 179
-
5 749
-
total
3 985
-
7 322
-
Corporate
21 963
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.

19 767
40 950
-
-
total
19 767
40 950
-
-
Dividends
2 196
4 550
-
-
withholding
417
865
-
-
total
417
865
-
-
Income
45 500
45 500
45 500
45 500
Total tax
31 292
41 815
22 416
14 229
After tax
14 208
3 685
23 084
31 271
Living cost
12 430
12 430
12 430
12 430
Free-cash
1 779
-8 744
10 655
18 842

Estimated living cost  is ₴12430 per week

₴9122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴724
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20391
₴31714
₴19209
₴29208
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 817
health insurance
-
-
-
3 367
work injury
-
-
-
228
pensions
-
-
-
8 372
unemployment
-
-
-
546
total
-
-
-
19 330
Employee

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

11 137
-
45 500
-
income
1 114
-
6 817
-
work injury
56
-
206
-
health insurance
824
-
3 049
-
pensions
2 049
-
7 582
-
unemployment
134
-
494
-
total
4 177
-
18 148
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 363
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%.

-
-
-
-
total
-
-
-
-
Dividends
34 363
45 500
-
-
withholding
5 154
6 825
-
-
total
5 154
6 825
-
-
Income
45 500
45 500
45 500
45 500
Total tax
9 331
6 825
18 148
19 330
After tax
36 169
38 675
27 352
26 170
Living cost
6 961
6 961
6 961
6 961
Free-cash
29 208
31 714
20 391
19 209

Estimated living cost  is ₴6961 per week

₴4312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴506
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴765
₴3410
₴2845
₴1064
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 702
national
-
-
-
9 240
regional
-
-
-
852
municipal
-
-
-
305
total
-
-
-
22 099
Employee
43 481
-
45 500
-
social contributions
14 661
-
15 343
-
municipal
259
-
271
-
national
7 348
-
7 856
-
regional
656
-
709
-
total
22 924
-
24 179
-
Employer
43 481
-
45 500
-
total
-
-
-
-
Corporate
2 019
45 500
-
-
nationa
485
10 920
-
-
municipal
97
2 193
-
-
total
582
13 113
-
-
Dividends
1 438
32 387
-
-
withholding
374
8 421
-
-
total
374
8 421
-
-
Income
45 500
45 500
45 500
45 500
Total tax
23 880
21 534
24 179
22 099
After tax
21 620
23 966
21 321
23 401
Living cost
20 556
20 556
20 556
20 556
Free-cash
1 064
3 410
765
2 845

Estimated living cost  is ₴20556 per week

₴14439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴310
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4392
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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