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
₴14340
₴8085
₴13538
₴17897
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
3 557
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.

-
-
-
3 368
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.

-
-
-
485
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.

-
-
-
8 819
total
-
-
-
16 229
Employee

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

18 855
-
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.

29
-
485
-
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.

527
-
8 819
-
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.

3 368
-
3 368
-
total
3 924
-
12 672
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 645
45 500
-
-
trade
4 197
7 167
-
-
income
3 996
6 825
-
-
chamber of commerce
113
140
-
-
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.

220
375
-
-
total
8 526
14 507
-
-
Dividends
18 119
30 993
-
-
withholding
4 342
7 561
-
-
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.

239
416
-
-
total
4 581
7 977
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 031
22 484
12 672
16 229
After tax
28 469
23 016
32 828
29 271
Living cost
14 931
14 931
14 931
14 931
Free-cash
13 538
8 085
17 897
14 340

Estimated living cost  is ₴14931 per week

₴9392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1381
₴2103
₴1049
₴1738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
4 660
pensions
-
-
-
5 460
social contributions
-
-
-
489
national
-
-
-
7 221
total
-
-
-
17 830
Employee
40 753
-
39 334
-
municipal
5 034
-
4 836
-
national
7 800
-
7 494
-
pensions
1 630
-
1 573
-
total
14 464
-
13 903
-
Employer
40 753
-
39 334
-
pensions
3 260
-
3 147
-
social contributions
438
-
423
-
total
3 698
-
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
18 162
17 108
17 473
17 830
After tax
27 338
28 392
28 027
27 670
Living cost
26 289
26 289
26 289
26 289
Free-cash
1 049
2 103
1 738
1 381

Estimated living cost  is ₴26289 per week

₴17869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2444
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14077
₴26144
₴22100
₴15433
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
14 628
income
-
-
-
6 539
microenterprise
-
-
-
-
total
-
-
-
21 167
Employee
14 404
-
36 667
-
social contributions

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

1 585
-
4 034
-
surtax
-
-
-
-
income
2 564
-
6 944
-
total
4 149
-
10 978
-
Employer
14 404
-
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.

3 470
-
8 833
-
total
3 470
-
8 833
-
Corporate
27 626
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%.

5 525
9 100
-
-
total
5 525
9 100
-
-
Dividends

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

22 101
36 400
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
13 144
9 100
19 811
21 167
After tax
32 356
36 400
25 689
24 333
Living cost
10 256
10 256
10 256
10 256
Free-cash
22 100
26 144
15 433
14 077

Estimated living cost  is ₴10256 per week

₴6543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5196
-₴685
-₴3451
-₴3451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 776
health
-
-
-
5 690
income
-
-
-
8 187
total
-
-
-
19 653
Employee
42 096
42 096
42 096
-
pensions
7 577
5 776
7 577
-
income

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

6 891
6 891
6 891
-
health
6 461
5 496
6 461
-
total
20 929
18 163
20 929
-
Employer
42 096
42 096
42 096
-
pensions
2 930
2 930
2 930
-
unemployment
1 515
1 515
1 515
-
health
2 926
2 926
2 926
-
total
7 371
7 371
7 371
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
28 300
25 534
28 300
19 653
After tax
17 200
19 966
17 200
25 847
Living cost
20 651
20 651
20 651
20 651
Free-cash
-3 451
-685
-3 451
5 196

Estimated living cost  is ₴20651 per week

₴14635
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1862
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.
₴3826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2515
₴4493
₴4038
₴3948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
9 715
pensions
-
-
-
4 821
health
-
-
-
2 783
other
-
-
-
5 182
unemployment
-
-
-
45
accident
-
-
-
89
national
-
-
-
-
total
-
-
-
22 635
Employee
28 996
-
34 622
-
municipal
8 647
-
10 324
-
national
-
-
-
-
total
8 647
-
10 324
-
Employer
28 996
-
34 622
-
pensions
3 134
-
3 743
-
other
3 369
-
4 023
-
unemployment
765
-
914
-
accident
58
-
69
-
health
1 783
-
2 129
-
total
9 109
-
10 878
-
Corporate
7 393
45 500
-
-
income
1 626
10 010
-
-
total
1 626
10 010
-
-
Dividends
5 767
35 490
-
-
withholding
1 730
10 647
-
-
total
1 730
10 647
-
-
Income
45 500
45 500
45 500
45 500
Total tax
21 112
20 657
21 202
22 635
After tax
24 388
24 843
24 298
22 865
Living cost
20 350
20 350
20 350
20 350
Free-cash
4 038
4 493
3 948
2 515

Estimated living cost  is ₴20350 per week

₴13487
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1997
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9748
₴3417
₴10343
₴13463
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
3 715
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.

-
-
-
3 368
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.

-
-
-
485
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.

-
-
-
8 819
total
-
-
-
16 387
Employee

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

24 999
-
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.

118
-
485
-
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.

2 148
-
8 819
-
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.

3 368
-
3 368
-
total
5 634
-
12 672
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 501
45 500
-
-
trade
3 372
7 485
-
-
income
3 075
6 825
-
-
chamber of commerce
104
139
-
-
surtax

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

169
375
-
-
total
6 720
14 824
-
-
Dividends
13 781
30 676
-
-
withholding
3 258
7 482
-
-
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.

180
412
-
-
total
3 438
7 894
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 792
22 718
12 672
16 387
After tax
29 708
22 782
32 828
29 113
Living cost
19 365
19 365
19 365
19 365
Free-cash
10 343
3 417
13 463
9 748

Estimated living cost  is ₴19365 per week

₴12952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
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.
₴4082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16807
₴17336
₴15294
₴16759
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 160
social contributions
-
-
-
7 098
income
-
-
-
4 446
total
-
-
-
12 704
Employee
37 906
37 906
41 307
-
social contributions
1 842
3 146
3 429
-
income
3 980
3 509
4 427
-
health
377
645
703
-
total
6 199
7 300
8 559
-
Employer
37 906
37 906
41 307
-
social contributions
1 842
3 146
3 429
-
health
411
702
764
-
total
2 253
3 848
4 193
-
Corporate
21 059
3 746
-
-
income
2 632
469
-
-
total
2 632
469
-
-
Dividends
18 427
3 278
-
-
withholding
3 133
558
-
-
total
3 133
558
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 217
12 175
12 752
12 704
After tax
31 283
33 325
32 748
32 796
Living cost
15 989
15 989
15 989
15 989
Free-cash
15 294
17 336
16 759
16 807

Estimated living cost  is ₴15989 per week

₴10930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1249
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.
₴3542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22476
₴16603
₴16791
₴17331
S + D Salary + Dividends

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

Dividends

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

Salary

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

13 057
5 196
38 075
-
pensions
1 306
520
3 808
-
unemployment
196
78
571
-
income
1 596
635
4 655
-
health
914
364
2 665
-
total
4 012
1 597
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.

13 057
5 196
38 075
-
pensions
2 546
1 013
7 425
-
total
2 546
1 013
7 425
-
Corporate
29 897
39 290
-
-
income
2 691
3 536
-
-
total
2 691
3 536
-
-
Dividends
27 206
35 754
-
-
withholding
5 169
6 793
-
-
social contributions
5 246
6 913
-
-
total
10 415
13 706
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 664
19 852
19 124
13 979
After tax
25 836
25 648
26 376
31 521
Living cost
9 045
9 045
9 045
9 045
Free-cash
16 791
16 603
17 331
22 476

Estimated living cost  is ₴9045 per week

₴6173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12482
₴24493
₴21431
₴14319
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 100
health
-
-
-
5 915
income
-
-
-
6 096
total
-
-
-
21 111
Employee
13 984
-
34 006
-
pensions
280
-
680
-
unemployment
224
-
544
-
income
1 574
-
6 556
-
total
2 078
-
7 780
-
Employer
13 984
-
34 006
-
pensions
2 797
-
6 801
-
unemployment
112
-
272
-
health
1 818
-
4 421
-
total
4 727
-
11 494
-
Corporate
26 789
45 500
-
-
income
5 357
9 100
-
-
total
5 357
9 100
-
-
Dividends
21 431
36 400
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
12 162
9 100
19 274
21 111
After tax
33 338
36 400
26 226
24 389
Living cost
11 907
11 907
11 907
11 907
Free-cash
21 431
24 493
14 319
12 482

Estimated living cost  is ₴11907 per week

₴8167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴709
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.
₴2791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20216
-₴7357
₴1992
₴12166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 088
health
-
-
-
1 095
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
10 746
total
-
-
-
14 242
Employee
17 370
-
38 389
-
pensions
1 956
-
3 829
-
income
2 383
-
6 957
-
health
1 989
-
4 395
-
total
6 328
-
15 181
-
Employer
17 370
-
38 389
-
pensions
2 824
-
5 530
-
unemployment
426
-
940
-
accident
290
-
641
-
total
3 540
-
7 111
-
Corporate
24 590
45 500
-
-
income

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

22 131
40 950
-
-
total
22 131
40 950
-
-
Dividends
2 459
4 550
-
-
withholding
467
865
-
-
total
467
865
-
-
Income
45 500
45 500
45 500
45 500
Total tax
32 466
41 815
22 292
14 242
After tax
13 034
3 685
23 208
31 258
Living cost
11 042
11 042
11 042
11 042
Free-cash
1 992
-7 357
12 166
20 216

Estimated living cost  is ₴11042 per week

₴8093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40999
₴39179
₴38421
₴32354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 057
-
45 500
-
income
1 011
-
9 100
-
total
1 011
-
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%.

40 443
45 500
-
-
total
-
-
-
-
Dividends
40 443
45 500
-
-
withholding
2 022
2 275
-
-
total
2 022
2 275
-
-
Income
45 500
45 500
45 500
45 500
Total tax
3 033
2 275
9 100
455
After tax
42 467
43 225
36 400
45 045
Living cost
4 046
4 046
4 046
4 046
Free-cash
38 421
39 179
32 354
40 999

Estimated living cost  is ₴4046 per week

₴2507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴336
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11503
₴20294
₴16964
₴13535
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health
-
-
-
2 002
other
-
-
-
2 161
income
-
-
-
5 779
total
-
-
-
20 862
Employee
17 899
-
36 343
-
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.

1 253
-
2 544
-
unemployment
179
-
363
-
income
3 081
-
6 256
-
health
251
-
509
-
total
4 764
-
9 672
-
Employer
17 899
-
36 343
-
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.

3 043
-
6 178
-
other
895
-
1 817
-
unemployment
179
-
363
-
accident
143
-
291
-
health
251
-
509
-
total
4 511
-
9 158
-
Corporate
23 090
45 500
-
-
income
4 849
9 555
-
-
total
4 849
9 555
-
-
Dividends
18 242
35 945
-
-
withholding
1 277
2 516
-
-
total
1 277
2 516
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 401
12 071
18 830
20 862
After tax
30 099
33 429
26 670
24 638
Living cost
13 135
13 135
13 135
13 135
Free-cash
16 964
20 294
13 535
11 503

Estimated living cost  is ₴13135 per week

₴9281
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.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴758
₴1458
-₴6999
-₴4028
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 281
income
-
-
-
8 828
total
-
-
-
12 109
Employee
46 170
-
40 122
-
pensions
4 454
-
3 729
-
income
8 323
-
7 151
-
health
761
-
637
-
total
13 538
-
11 517
-
Employer
46 170
-
40 122
-
pensions
5 451
-
4 616
-
health
877
-
762
-
total
6 328
-
5 378
-
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
19 866
11 409
16 895
12 109
After tax
25 634
34 091
28 605
33 391
Living cost
32 633
32 633
32 633
32 633
Free-cash
-6 999
1 458
-4 028
758

Estimated living cost  is ₴32633 per week

₴24452
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴27620
₴32442
₴30155
₴28959
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 547
health
-
-
-
1 979
unemployment
-
-
-
69
income
-
-
-
6 825
total
-
-
-
11 420
Employee
8 554
-
42 123
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

751
-
1 511
-
income
855
-
4 212
-
health
393
-
792
-
total
2 093
-
6 704
-
Employer
8 554
-
42 123
-
pensions

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

943
-
1 897
-
unemployment
51
-
103
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
health
590
-
1 188
-
total
1 678
-
3 377
-
Corporate
35 267
45 500
-
-
income
3 527
4 550
-
-
total
3 527
4 550
-
-
Dividends
31 741
40 950
-
-
withholding
1 587
2 048
-
-
total
1 587
2 048
-
-
Income
45 500
45 500
45 500
45 500
Total tax
8 885
6 598
10 081
11 420
After tax
36 615
38 902
35 419
34 080
Living cost
6 460
6 460
6 460
6 460
Free-cash
30 155
32 442
28 959
27 620

Estimated living cost  is ₴6460 per week

₴3772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴461
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1488
-₴7369
-₴8207
-₴10135
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 776
health
-
-
-
5 690
income
-
-
-
8 187
total
-
-
-
19 653
Employee
45 703
42 096
42 096
-
pensions
5 776
5 776
7 577
-
income

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

6 891
6 891
6 891
-
health
5 702
5 496
6 461
-
total
18 369
18 163
20 929
-
Employer
45 703
42 096
42 096
-
pensions
3 181
2 930
2 930
-
unemployment
1 646
1 515
1 515
-
health
3 176
2 926
2 926
-
total
8 003
7 371
7 371
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
26 372
25 534
28 300
19 653
After tax
19 128
19 966
17 200
25 847
Living cost
27 335
27 335
27 335
27 335
Free-cash
-8 207
-7 369
-10 135
-1 488

Estimated living cost  is ₴27335 per week

₴20164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2442
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4416
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9917
₴19084
₴14717
₴10846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 143
social contributions
-
-
-
13 286
solidarity contribution
-
-
-
-
income
-
-
-
3 911
total
-
-
-
23 340
Employee
18 004
-
33 955
-
social contributions
1 170
-
2 207
-
income
2 160
-
4 075
-
solidarity contribution
-
-
-
-
health
2 431
-
4 584
-
total
5 761
-
10 866
-
Employer
18 004
-
33 955
-
social contributions
4 501
-
8 489
-
health
1 620
-
3 056
-
total
6 121
-
11 545
-
Corporate
21 375
45 500
-
-
income
4 061
8 645
-
-
total
4 061
8 645
-
-
Dividends
17 314
36 855
-
-
withholding
2 597
5 528
-
-
total
2 597
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 540
14 173
22 411
23 340
After tax
26 960
31 327
23 089
22 160
Living cost
12 243
12 243
12 243
12 243
Free-cash
14 717
19 084
10 846
9 917

Estimated living cost  is ₴12243 per week

₴8504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴871
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2829
₴3474
₴903
₴665
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
270
regional
-
-
-
496
social contributions
-
-
-
11 703
national
-
-
-
9 401
total
-
-
-
21 870
Employee
43 811
-
45 500
-
social contributions
14 773
-
15 343
-
municipal
232
-
241
-
regional
413
-
433
-
national
7 591
-
8 017
-
total
23 009
-
24 034
-
Employer
43 811
-
45 500
-
total
-
-
-
-
Corporate
1 689
45 500
-
-
nationa
405
10 920
-
-
municipal
65
1 775
-
-
total
470
12 695
-
-
Dividends
1 219
32 806
-
-
withholding
317
8 530
-
-
total
317
8 530
-
-
Income
45 500
45 500
45 500
45 500
Total tax
23 796
21 225
24 034
21 870
After tax
21 704
24 275
21 466
23 630
Living cost
20 801
20 801
20 801
20 801
Free-cash
903
3 474
665
2 829

Estimated living cost  is ₴20801 per week

₴14500
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.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12921
₴17741
₴16208
₴12043
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 100
health
-
-
-
3 230
surtax
-
-
-
957
other
-
-
-
-
unemployment
-
-
-
112
income
-
-
-
8 302
total
-
-
-
21 701
Employee
16 302
-
37 588
-
surtax
53
-
856
-
pensions
1 087
-
2 507
-
other
-
-
-
-
unemployment
1 135
-
2 617
-
income
2 733
-
7 728
-
health
416
-
959
-
total
5 424
-
14 667
-
Employer
16 302
-
37 588
-
pensions
2 173
-
5 010
-
other
-
-
-
-
unemployment
516
-
1 192
-
health
742
-
1 710
-
total
3 431
-
7 912
-
Corporate
25 767
45 500
-
-
income
6 699
11 830
-
-
total
6 699
11 830
-
-
Dividends
19 068
33 670
-
-
withholding
2 860
5 051
-
-
total
2 860
5 051
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 414
16 881
22 579
21 701
After tax
27 086
28 619
22 921
23 799
Living cost
10 878
10 878
10 878
10 878
Free-cash
16 208
17 741
12 043
12 921

Estimated living cost  is ₴10878 per week

₴6651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1004
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.
₴2972
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11097
₴11797
₴7957
₴6311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 281
income
-
-
-
8 828
total
-
-
-
12 109
Employee
30 942
-
40 122
-
pensions
2 626
-
3 729
-
income
5 573
-
7 151
-
health
449
-
637
-
total
8 648
-
11 517
-
Employer
30 942
-
40 122
-
pensions
3 350
-
4 616
-
health
588
-
762
-
total
3 938
-
5 378
-
Corporate
10 621
45 500
-
-
income

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

2 018
8 645
-
-
total
2 018
8 645
-
-
Dividends
8 602
36 855
-
-
withholding
645
2 764
-
-
total
645
2 764
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 249
11 409
16 895
12 109
After tax
30 251
34 091
28 605
33 391
Living cost
22 294
22 294
22 294
22 294
Free-cash
7 957
11 797
6 311
11 097

Estimated living cost  is ₴22294 per week

₴16702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1671
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴1222
-₴18577
-₴4978
-₴3556
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 429
city
-
-
-
479
pensions
-
-
-
4 187
health
-
-
-
128
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
national
-
-
-
206
total
-
-
-
7 339
Employee
46 088
-
40 725
-
regional
1 509
-
1 219
-
national
218
-
176
-
pensions
3 872
-
3 421
-
unemployment
-
-
-
-
city
495
-
438
-
health
104
-
92
-
total
6 198
-
5 346
-
Employer
46 088
-
40 725
-
pensions
3 872
-
3 421
-
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.

921
-
814
-
unemployment
-
-
-
-
health
104
-
92
-
total
4 897
-
4 327
-
Corporate
-
45 500
-
-
regional
-
9 623
-
-
national
-
3 868
-
-
total
-
13 491
-
-
Dividends
-
32 009
-
-
withholding
-
11 203
-
-
total
-
11 203
-
-
Income
45 500
45 500
45 500
45 500
Total tax
11 095
24 694
9 673
7 339
After tax
34 405
20 806
35 827
38 161
Living cost
39 383
39 383
39 383
39 383
Free-cash
-4 978
-18 577
-3 556
-1 222

Estimated living cost  is ₴39383 per week

₴25610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3534
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9755
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴6372
-₴33
₴7959
₴10245
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
3 873
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.

-
-
-
3 368
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.

-
-
-
485
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.

-
-
-
8 819
total
-
-
-
16 545
Employee

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

29 626
-
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.

192
-
485
-
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.

3 484
-
8 819
-
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.

3 368
-
3 368
-
total
7 044
-
12 672
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
15 874
45 500
-
-
trade
2 722
7 803
-
-
income
2 381
6 825
-
-
chamber of commerce
97
138
-
-
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.

131
375
-
-
total
5 331
15 141
-
-
Dividends
10 543
30 358
-
-
withholding
2 448
7 402
-
-
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.

135
407
-
-
total
2 583
7 809
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 958
22 950
12 672
16 545
After tax
30 542
22 550
32 828
28 955
Living cost
22 583
22 583
22 583
22 583
Free-cash
7 959
-33
10 245
6 372

Estimated living cost  is ₴22583 per week

₴16493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1806
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.
₴3990
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9443
₴6067
₴8977
₴9220
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 052
health
-
-
-
633
surtax
-
-
-
-
other
-
-
-
1 412
social contributions
-
-
-
1 297
income
-
-
-
3 797
total
-
-
-
19 191
Employee
21 098
-
34 672
-
social contributions
602
-
988
-
surtax
-
-
-
-
pensions
2 385
-
3 921
-
income
1 245
-
3 678
-
total
4 232
-
8 587
-
Employer
21 098
-
34 672
-
pensions
3 466
-
5 696
-
social contributions
64
-
104
-
other
728
-
1 196
-
unemployment
854
-
1 404
-
health
1 477
-
2 427
-
total
6 589
-
10 827
-
Corporate
17 814
45 500
-
-
income
4 988
12 740
-
-
surtax
-
-
-
-
total
4 988
12 740
-
-
Dividends
12 826
32 760
-
-
withholding
1 642
4 193
-
-
surtax
-
-
-
-
social contributions
2 206
5 634
-
-
total
3 848
9 827
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 657
22 567
19 414
19 191
After tax
25 843
22 933
26 086
26 309
Living cost
16 866
16 866
16 866
16 866
Free-cash
8 977
6 067
9 220
9 443

Estimated living cost  is ₴16866 per week

₴10634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1371
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.
₴4574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11114
₴7738
₴10476
₴10891
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 052
health
-
-
-
633
surtax
-
-
-
-
other
-
-
-
1 412
social contributions
-
-
-
1 297
income
-
-
-
3 797
total
-
-
-
19 191
Employee
18 833
-
34 672
-
social contributions
537
-
988
-
surtax
-
-
-
-
pensions
2 130
-
3 921
-
income
971
-
3 678
-
total
3 638
-
8 587
-
Employer
18 833
-
34 672
-
pensions
3 095
-
5 696
-
social contributions
56
-
104
-
other
650
-
1 196
-
unemployment
762
-
1 404
-
health
1 318
-
2 427
-
total
5 881
-
10 827
-
Corporate
20 786
45 500
-
-
income
5 820
12 740
-
-
surtax
-
-
-
-
total
5 820
12 740
-
-
Dividends
14 966
32 760
-
-
withholding
1 916
4 193
-
-
surtax
-
-
-
-
social contributions
2 574
5 634
-
-
total
4 490
9 827
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 829
22 567
19 414
19 191
After tax
25 671
22 933
26 086
26 309
Living cost
15 195
15 195
15 195
15 195
Free-cash
10 476
7 738
10 891
11 114

Estimated living cost  is ₴15195 per week

₴8812
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1544
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18767
₴17306
₴17561
₴19043
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 176
social contributions
-
-
-
6 279
income
-
-
-
6 825
total
-
-
-
16 280
Employee
16 714
-
45 500
-
social contributions
2 307
-
6 279
-
income
2 788
-
6 549
-
health
1 167
-
3 176
-
total
6 262
-
16 004
-
Employer
16 714
-
45 500
-
total
-
-
-
-
Corporate
28 786
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%.

1 440
2 275
-
-
total
1 440
2 275
-
-
Dividends
27 346
43 225
-
-
withholding
4 102
6 484
-
-
social contributions
3 774
5 965
-
-
health
1 908
3 017
-
-
total
9 784
15 466
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 486
17 741
16 004
16 280
After tax
28 014
27 759
29 496
29 220
Living cost
10 453
10 453
10 453
10 453
Free-cash
17 561
17 306
19 043
18 767

Estimated living cost  is ₴10453 per week

₴6995
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.
₴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.
₴2572
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5980
₴8201
₴7438
-₴3032
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
8 417
health
-
-
-
3 481
surtax
-
-
-
97
unemployment
-
-
-
3 023
income
-
-
-
6 950
chamber of commerce
-
-
-
182
total
-
-
-
22 150
Employee
24 636
19 645
35 255
-
pensions
2 523
2 011
3 610
-
other
246
196
353
-
unemployment
739
589
1 058
-
income
2 805
1 449
6 186
-
health
953
761
1 364
-
total
7 266
5 006
12 571
-
Employer
24 636
19 645
35 255
-
payroll
739
589
1 058
-
chamber of commerce
98
79
141
-
pensions
3 092
2 466
4 425
-
surtax
97
97
97
-
other
1 170
933
1 675
-
unemployment
739
589
1 058
-
accident
320
255
458
-
health
931
743
1 333
-
total
7 186
5 751
10 245
-
Corporate
13 678
20 104
33 384
-
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.

3 419
5 026
8 346
-
total
3 419
5 026
8 346
-
Dividends
10 259
15 077
-
-
withholding
2 821
4 146
-
-
total
2 821
4 146
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 692
19 929
31 162
22 150
After tax
24 808
25 571
14 338
23 350
Living cost
17 370
17 370
17 370
17 370
Free-cash
7 438
8 201
-3 032
5 980

Estimated living cost  is ₴17370 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3860
₴7558
-₴26
-₴9
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 893
communal

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

-
-
-
2 316
national
-
-
-
14 457
total
-
-
-
23 666
Employee

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

35 261
-
35 241
-
national
10 841
-
10 832
-
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.

2 645
-
2 643
-
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.

307
-
307
-
communal

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

1 839
-
1 838
-
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.

1 657
-
1 656
-
total
17 289
-
17 276
-
Employer

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

35 261
-
35 241
-
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.

3 124
-
3 123
-
surtax
3 998
-
3 996
-
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.

515
-
515
-
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.

458
-
458
-
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.

2 168
-
2 167
-
total
10 263
-
10 259
-
Corporate
-
45 500
-
-
income
-
9 100
-
-
surtax
-
182
-
-
total
-
9 282
-
-
Dividends
-
36 217
-
-
withholding

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

-
10 686
-
-
total
-
10 686
-
-
Income
45 500
45 500
45 500
45 500
Total tax
27 552
19 968
27 535
23 666
After tax
17 948
25 532
17 965
21 834
Living cost
17 974
17 974
17 974
17 974
Free-cash
-26
7 558
-9
3 860

Estimated living cost  is ₴17974 per week

₴11577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4544
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6207
₴12862
₴8935
₴6531
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 877
other
-
-
-
46
unemployment
-
-
-
318
accident
-
-
-
410
income
-
-
-
7 839
total
-
-
-
21 490
Employee
24 538
-
34 502
-
pensions
1 153
-
1 621
-
other
24
-
35
-
unemployment
381
-
535
-
income
5 177
-
7 977
-
total
6 735
-
10 168
-
Employer
24 538
-
34 502
-
pensions
5 791
-
8 142
-
other
196
-
276
-
unemployment
1 350
-
1 897
-
accident
486
-
683
-
total
7 823
-
10 998
-
Corporate
13 140
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.

1 971
6 825
-
-
total
1 971
6 825
-
-
Dividends
11 169
38 675
-
-
withholding
2 233
8 010
-
-
total
2 233
8 010
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 762
14 835
21 166
21 490
After tax
26 738
30 665
24 334
24 010
Living cost
17 803
17 803
17 803
17 803
Free-cash
8 935
12 862
6 531
6 207

Estimated living cost  is ₴17803 per week

₴13110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1263
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.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴299
₴1171
-₴2007
₴1849
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
6 820
health
-
-
-
3 197
surtax
-
-
-
2 255
accident
-
-
-
384
communal
-
-
-
2 876
income
-
-
-
3 478
total
-
-
-
19 010
Employee
37 331
-
40 643
-
surtax
2 288
-
2 491
-
pensions
2 986
-
3 252
-
income
3 606
-
4 453
-
health
1 661
-
1 808
-
total
10 541
-
12 004
-
Employer
37 331
-
40 643
-
pensions
2 986
-
3 252
-
accident
336
-
366
-
health
1 138
-
1 240
-
total
4 460
-
4 858
-
Corporate
3 709
45 500
-
-
communal
-
3 071
-
-
income
557
6 825
-
-
surtax
39
478
-
-
total
596
10 374
-
-
Dividends
3 113
35 126
-
-
withholding
467
5 269
-
-
income
4 654
1 897
-
-
total
5 121
7 166
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 718
17 540
16 862
19 010
After tax
24 782
27 960
28 638
26 490
Living cost
26 789
26 789
26 789
26 789
Free-cash
-2 007
1 171
1 849
-299

Estimated living cost  is ₴26789 per week

₴20096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12727
₴17547
₴15979
₴11849
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 100
health
-
-
-
3 230
surtax
-
-
-
957
other
-
-
-
-
unemployment
-
-
-
112
income
-
-
-
8 302
total
-
-
-
21 701
Employee
16 601
-
37 588
-
surtax
59
-
856
-
pensions
1 108
-
2 507
-
other
-
-
-
-
unemployment
1 155
-
2 617
-
income
2 783
-
7 728
-
health
424
-
959
-
total
5 529
-
14 667
-
Employer
16 601
-
37 588
-
pensions
2 213
-
5 010
-
other
-
-
-
-
unemployment
527
-
1 192
-
health
755
-
1 710
-
total
3 495
-
7 912
-
Corporate
25 404
45 500
-
-
income
6 605
11 830
-
-
total
6 605
11 830
-
-
Dividends
18 799
33 670
-
-
withholding
2 820
5 051
-
-
total
2 820
5 051
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 449
16 881
22 579
21 701
After tax
27 051
28 619
22 921
23 799
Living cost
11 072
11 072
11 072
11 072
Free-cash
15 979
17 547
11 849
12 727

Estimated living cost  is ₴11072 per week

₴6685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴963
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.
₴3168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10161
₴10637
₴9542
₴8008
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
270
regional
-
-
-
686
social contributions
-
-
-
11 703
national
-
-
-
9 401
total
-
-
-
22 060
Employee
27 345
-
45 500
-
social contributions
9 221
-
15 343
-
municipal
145
-
241
-
regional
368
-
612
-
national
4 332
-
8 017
-
total
14 066
-
24 213
-
Employer
27 345
-
45 500
-
total
-
-
-
-
Corporate
18 155
45 500
-
-
nationa
4 357
10 920
-
-
municipal
903
2 261
-
-
total
5 260
13 181
-
-
Dividends
12 895
32 319
-
-
withholding
3 353
8 403
-
-
total
3 353
8 403
-
-
Income
45 500
45 500
45 500
45 500
Total tax
22 679
21 584
24 213
22 060
After tax
22 821
23 916
21 287
23 440
Living cost
13 279
13 279
13 279
13 279
Free-cash
9 542
10 637
8 008
10 161

Estimated living cost  is ₴13279 per week

₴8258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7074
₴16241
₴10859
₴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
health
-
-
-
6 143
social contributions
-
-
-
13 286
solidarity contribution
-
-
-
-
income
-
-
-
3 911
total
-
-
-
23 340
Employee
22 185
-
33 955
-
social contributions
1 442
-
2 207
-
income
2 662
-
4 075
-
solidarity contribution
-
-
-
-
health
2 995
-
4 584
-
total
7 099
-
10 866
-
Employer
22 185
-
33 955
-
social contributions
5 546
-
8 489
-
health
1 997
-
3 056
-
total
7 543
-
11 545
-
Corporate
15 772
45 500
-
-
income
2 997
8 645
-
-
total
2 997
8 645
-
-
Dividends
12 775
36 855
-
-
withholding
1 916
5 528
-
-
total
1 916
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 555
14 173
22 411
23 340
After tax
25 945
31 327
23 089
22 160
Living cost
15 086
15 086
15 086
15 086
Free-cash
10 859
16 241
8 003
7 074

Estimated living cost  is ₴15086 per week

₴11219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2770
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7720
₴9895
₴9652
-₴1394
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
8 417
health
-
-
-
3 481
surtax
-
-
-
-
unemployment
-
-
-
3 023
income
-
-
-
6 950
chamber of commerce
-
-
-
182
total
-
-
-
22 053
Employee
21 549
19 645
35 331
-
pensions
2 207
2 011
3 617
-
other
215
196
354
-
unemployment
646
589
1 060
-
income
1 920
1 449
6 235
-
health
834
761
1 368
-
total
5 822
5 006
12 634
-
Employer
21 549
19 645
35 331
-
payroll
646
589
1 060
-
chamber of commerce
86
79
141
-
pensions
2 704
2 466
4 434
-
surtax
-
-
-
-
other
1 023
933
1 678
-
unemployment
646
589
1 060
-
accident
280
255
459
-
health
815
743
1 336
-
total
6 200
5 654
10 168
-
Corporate
17 750
20 201
33 460
-
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.

4 438
5 051
8 365
-
total
4 438
5 051
8 365
-
Dividends
13 312
15 150
-
-
withholding
3 661
4 167
-
-
total
3 661
4 167
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 121
19 878
31 167
22 053
After tax
25 379
25 622
14 333
23 447
Living cost
15 727
15 727
15 727
15 727
Free-cash
9 652
9 895
-1 394
7 720

Estimated living cost  is ₴15727 per week

₴9434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1606
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.
₴4406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38740
₴36920
₴35738
₴30095
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
microenterprise

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

-
-
-
455
total
-
-
-
455
Employee
7 881
-
45 500
-
income
1 576
-
9 100
-
total
1 576
-
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%.

37 619
45 500
-
-
total
-
-
-
-
Dividends
37 619
45 500
-
-
withholding
1 881
2 275
-
-
total
1 881
2 275
-
-
Income
45 500
45 500
45 500
45 500
Total tax
3 457
2 275
9 100
455
After tax
42 043
43 225
36 400
45 045
Living cost
6 305
6 305
6 305
6 305
Free-cash
35 738
36 920
30 095
38 740

Estimated living cost  is ₴6305 per week

₴4266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1562
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10485
₴18104
₴13981
₴9181
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
8 310
health
-
-
-
4 477
unemployment
-
-
-
68
income
-
-
-
8 938
total
-
-
-
21 793
Employee

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

21 799
-
39 370
-
pensions
3 379
-
6 102
-
unemployment
31
-
55
-
income
3 759
-
8 266
-
health
1 408
-
2 544
-
total
8 577
-
16 967
-
Employer

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

21 799
-
39 370
-
pensions
1 929
-
3 485
-
unemployment
13
-
23
-
health
1 452
-
2 622
-
total
3 394
-
6 130
-
Corporate
20 307
45 500
-
-
income
3 859
8 645
-
-
total
3 859
8 645
-
-
Dividends
16 449
36 855
-
-
withholding
2 467
5 529
-
-
total
2 467
5 529
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 297
14 174
23 097
21 793
After tax
27 203
31 326
22 403
23 707
Living cost
13 222
13 222
13 222
13 222
Free-cash
13 981
18 104
9 181
10 485

Estimated living cost  is ₴13222 per week

₴9074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴848
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.
₴3045
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9860
₴6098
-₴29084
₴17336
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 948
-
-
-
social contributions
2 538
-
362
-
income
6 826
-
-
-
total
9 364
-
362
-
Employer
30 948
-
-
-
social contributions
43 636
-
6 219
-
total
43 636
-
6 219
-
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
53 000
17 818
6 581
14 056
After tax
-7 500
27 682
38 919
31 444
Living cost
21 584
21 584
21 584
21 584
Free-cash
-29 084
6 098
17 336
9 860

Estimated living cost  is ₴21584 per week

₴14004
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2030
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5274
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10122
₴10418
₴9921
₴7967
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
15 811
income
-
-
-
4 105
total
-
-
-
19 916
Employee
22 672
-
36 767
-
social contributions
2 494
-
4 044
-
surtax
-
-
-
-
income
4 716
-
9 294
-
total
7 210
-
13 338
-
Employer
22 672
-
36 767
-
social contributions
5 385
-
8 733
-
total
5 385
-
8 733
-
Corporate
17 443
45 500
-
-
income
3 663
9 555
-
-
surtax
-
-
-
-
total
3 663
9 555
-
-
Dividends
13 780
35 945
-
-
withholding
3 859
10 065
-
-
total
3 859
10 065
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 117
19 620
22 071
19 916
After tax
25 383
25 880
23 429
25 584
Living cost
15 462
15 462
15 462
15 462
Free-cash
9 921
10 418
7 967
10 122

Estimated living cost  is ₴15462 per week

₴11569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴2500
-₴876
₴2511
₴2277
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 052
health
-
-
-
633
surtax
-
-
-
-
other
-
-
-
1 412
social contributions
-
-
-
1 297
income
-
-
-
3 797
total
-
-
-
19 191
Employee
30 875
-
34 672
-
social contributions
879
-
988
-
surtax
-
-
-
-
pensions
3 492
-
3 921
-
income
2 694
-
3 678
-
total
7 065
-
8 587
-
Employer
30 875
-
34 672
-
pensions
5 073
-
5 696
-
social contributions
93
-
104
-
other
1 066
-
1 196
-
unemployment
1 251
-
1 404
-
health
2 161
-
2 427
-
total
9 644
-
10 827
-
Corporate
4 982
45 500
-
-
income
1 395
12 740
-
-
surtax
-
-
-
-
total
1 395
12 740
-
-
Dividends
3 588
32 760
-
-
withholding
459
4 193
-
-
surtax
-
-
-
-
social contributions
617
5 634
-
-
total
1 076
9 827
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 180
22 567
19 414
19 191
After tax
26 320
22 933
26 086
26 309
Living cost
23 809
23 809
23 809
23 809
Free-cash
2 511
-876
2 277
2 500

Estimated living cost  is ₴23809 per week

₴16114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1948
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.
₴5421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20019
₴26132
₴24476
₴21297
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 011
income
-
-
-
652
total
-
-
-
10 663
Employee
15 848
-
39 394
-
social contributions
1 030
-
2 560
-
income
-
-
719
-
total
1 030
-
3 279
-
Employer
15 848
-
39 394
-
social contributions
2 457
-
6 106
-
total
2 457
-
6 106
-
Corporate
27 195
45 500
-
-
income
2 719
4 550
-
-
total
2 719
4 550
-
-
Dividends
24 476
40 950
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
6 206
4 550
9 385
10 663
After tax
39 294
40 950
36 115
34 837
Living cost
14 818
14 818
14 818
14 818
Free-cash
24 476
26 132
21 297
20 019

Estimated living cost  is ₴14818 per week

₴9581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1117
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4711
-₴61783
-₴61783
-₴61783
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
8 273
pensions
-
-
-
427
labour market
-
-
-
3 606
national
-
-
-
4 769
total
-
-
-
17 075
Employee
100 091
100 091
100 091
-
municipal
21 314
21 314
21 314
-
national
12 228
12 228
12 228
-
pensions
142
142
142
-
labour market
7 996
7 996
7 996
-
total
41 680
41 680
41 680
-
Employer
100 091
100 091
100 091
-
labour market
8 007
8 007
8 007
-
pensions
285
285
285
-
municipal
21 348
21 348
21 348
-
national
12 249
12 249
12 249
-
total
41 889
41 889
41 889
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
83 569
83 569
83 569
17 075
After tax
-38 069
-38 069
-38 069
28 425
Living cost
23 714
23 714
23 714
23 714
Free-cash
-61 783
-61 783
-61 783
4 711

Estimated living cost  is ₴23714 per week

₴16230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2098
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5021
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20379
-₴7194
₴2016
₴12329
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 088
health
-
-
-
1 095
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
10 746
total
-
-
-
14 242
Employee
17 114
-
38 389
-
pensions
1 927
-
3 829
-
income
2 348
-
6 957
-
health
1 960
-
4 395
-
total
6 235
-
15 181
-
Employer
17 114
-
38 389
-
pensions
2 783
-
5 530
-
unemployment
419
-
940
-
accident
286
-
641
-
total
3 488
-
7 111
-
Corporate
24 899
45 500
-
-
income

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

22 409
40 950
-
-
total
22 409
40 950
-
-
Dividends
2 490
4 550
-
-
withholding
473
865
-
-
total
473
865
-
-
Income
45 500
45 500
45 500
45 500
Total tax
32 605
41 815
22 292
14 242
After tax
12 895
3 685
23 208
31 258
Living cost
10 879
10 879
10 879
10 879
Free-cash
2 016
-7 194
12 329
20 379

Estimated living cost  is ₴10879 per week

₴7919
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴620
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2136
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13809
₴11617
₴10152
₴7331
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
8 101
health
-
-
-
495
national
-
-
-
4 169
total
-
-
-
12 765
Employee
25 935
-
38 277
-
municipal
4 248
-
6 253
-
national
428
-
2 225
-
pensions
1 750
-
2 584
-
unemployment
389
-
574
-
health
194
-
384
-
total
7 009
-
12 020
-
Employer
25 935
-
38 277
-
pensions
4 500
-
6 641
-
unemployment
168
-
249
-
accident
26
-
38
-
health
199
-
295
-
total
4 893
-
7 223
-
Corporate
14 671
45 500
-
-
income
2 935
9 100
-
-
total
2 935
9 100
-
-
Dividends

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

8 802
27 300
-
-
municipal
1 585
4 914
-
-
national
-
943
-
-
total
1 585
5 857
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 422
14 957
19 243
12 765
After tax
29 078
30 543
26 257
32 735
Living cost
18 926
18 926
18 926
18 926
Free-cash
10 152
11 617
7 331
13 809

Estimated living cost  is ₴18926 per week

₴12362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1820
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.
₴4443
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21383
₴21912
₴19232
₴21335
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 160
social contributions
-
-
-
7 098
income
-
-
-
4 446
total
-
-
-
12 704
Employee
37 906
37 906
41 307
-
social contributions
1 433
3 146
3 429
-
income
4 127
3 509
4 427
-
health
294
645
703
-
total
5 854
7 300
8 559
-
Employer
37 906
37 906
41 307
-
social contributions
1 433
3 146
3 429
-
health
319
702
764
-
total
1 752
3 848
4 193
-
Corporate
26 480
3 746
-
-
income
3 310
469
-
-
total
3 310
469
-
-
Dividends
23 171
3 278
-
-
withholding
3 939
558
-
-
total
3 939
558
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 855
12 175
12 752
12 704
After tax
30 645
33 325
32 748
32 796
Living cost
11 413
11 413
11 413
11 413
Free-cash
19 232
21 912
21 335
21 383

Estimated living cost  is ₴11413 per week

₴6840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28451
₴29851
₴27344
₴20250
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 136
health
-
-
-
1 784
unemployment
-
-
-
14
income
-
-
-
4 288
total
-
-
-
9 222
Employee

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

11 315
-
41 252
-
pensions
1 697
-
6 188
-
unemployment
56
-
206
-
income
774
-
3 274
-
health
962
-
3 506
-
total
3 489
-
13 174
-
Employer

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

11 315
-
41 252
-
pensions
622
-
2 269
-
unemployment
56
-
206
-
health
486
-
1 774
-
total
1 164
-
4 249
-
Corporate
33 020
45 500
-
-
income
2 972
4 095
-
-
total
2 972
4 095
-
-
Dividends
30 048
41 405
-
-
withholding
2 704
3 727
-
-
total
2 704
3 727
-
-
Income
45 500
45 500
45 500
45 500
Total tax
10 329
7 822
17 423
9 222
After tax
35 171
37 678
28 077
36 278
Living cost
7 827
7 827
7 827
7 827
Free-cash
27 344
29 851
20 250
28 451

Estimated living cost  is ₴7827 per week

₴4994
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10454
₴17109
₴14523
₴10778
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 877
other
-
-
-
46
unemployment
-
-
-
318
accident
-
-
-
410
income
-
-
-
7 839
total
-
-
-
21 490
Employee
18 227
-
34 502
-
pensions
857
-
1 621
-
other
18
-
35
-
unemployment
283
-
535
-
income
3 514
-
7 977
-
total
4 672
-
10 168
-
Employer
18 227
-
34 502
-
pensions
4 301
-
8 142
-
other
146
-
276
-
unemployment
1 003
-
1 897
-
accident
361
-
683
-
total
5 811
-
10 998
-
Corporate
21 461
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.

3 219
6 825
-
-
total
3 219
6 825
-
-
Dividends
18 242
38 675
-
-
withholding
3 719
8 010
-
-
total
3 719
8 010
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 421
14 835
21 166
21 490
After tax
28 079
30 665
24 334
24 010
Living cost
13 556
13 556
13 556
13 556
Free-cash
14 523
17 109
10 778
10 454

Estimated living cost  is ₴13556 per week

₴9150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1303
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.
₴2865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28050
₴27431
₴27274
₴27981
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
701
health
-
-
-
508
income
-
-
-
15 280
total
-
-
-
16 489
Employee
1 464
-
44 711
-
pensions
132
-
316
-
unemployment
15
-
35
-
income
283
-
15 243
-
health
73
-
175
-
total
503
-
15 769
-
Employer
1 464
-
44 711
-
pensions
161
-
386
-
unemployment
29
-
70
-
health
139
-
333
-
total
329
-
789
-
Corporate
43 706
45 500
-
-
income
9 615
10 010
-
-
total
9 615
10 010
-
-
Dividends
34 091
35 490
-
-
withholding
6 818
7 098
-
-
total
6 818
7 098
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 265
17 108
16 558
16 489
After tax
28 235
28 392
28 942
29 011
Living cost
961
961
961
961
Free-cash
27 274
27 431
27 981
28 050

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
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.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15093
₴24353
₴21928
₴15094
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 468
health
-
-
-
3 751
unemployment
-
-
-
546
income
-
-
-
8 121
total
-
-
-
21 886
Employee

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

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

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

12 849
-
38 982
-
pensions
1 799
-
5 098
-
unemployment
96
-
273
-
income
1 771
-
8 121
-
health
662
-
1 875
-
total
4 328
-
15 367
-
Employer

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

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

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

12 849
-
38 982
-
pensions
1 542
-
4 370
-
unemployment
96
-
273
-
health
662
-
1 875
-
total
2 300
-
6 518
-
Corporate
30 351
45 500
-
-
income
4 553
6 825
-
-
total
4 553
6 825
-
-
Dividends
25 798
38 675
-
-
withholding
3 870
5 801
-
-
total
3 870
5 801
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 051
12 626
21 885
21 886
After tax
30 449
32 874
23 615
23 614
Living cost
8 521
8 521
8 521
8 521
Free-cash
21 928
24 353
15 094
15 093

Estimated living cost  is ₴8521 per week

₴5737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴659
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.
₴1878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12294
₴12590
₴12413
₴10139
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

-
-
-
15 811
income
-
-
-
4 105
total
-
-
-
19 916
Employee
19 133
-
36 767
-
social contributions
2 105
-
4 044
-
surtax
-
-
-
-
income
3 738
-
9 294
-
total
5 843
-
13 338
-
Employer
19 133
-
36 767
-
social contributions
4 544
-
8 733
-
total
4 544
-
8 733
-
Corporate
21 824
45 500
-
-
income
4 583
9 555
-
-
surtax
-
-
-
-
total
4 583
9 555
-
-
Dividends
17 241
35 945
-
-
withholding
4 827
10 065
-
-
total
4 827
10 065
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 797
19 620
22 071
19 916
After tax
25 703
25 880
23 429
25 584
Living cost
13 290
13 290
13 290
13 290
Free-cash
12 413
12 590
10 139
12 294

Estimated living cost  is ₴13290 per week

₴9413
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2718
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6685
₴13340
₴9581
₴7009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
12 877
other
-
-
-
46
unemployment
-
-
-
318
accident
-
-
-
410
income
-
-
-
7 839
total
-
-
-
21 490
Employee
23 808
-
34 502
-
pensions
1 119
-
1 621
-
other
23
-
35
-
unemployment
369
-
535
-
income
4 973
-
7 977
-
total
6 484
-
10 168
-
Employer
23 808
-
34 502
-
pensions
5 618
-
8 142
-
other
191
-
276
-
unemployment
1 310
-
1 897
-
accident
471
-
683
-
total
7 590
-
10 998
-
Corporate
14 102
45 500
-
-
income

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

2 115
6 825
-
-
total
2 115
6 825
-
-
Dividends
11 987
38 675
-
-
withholding
2 405
8 010
-
-
total
2 405
8 010
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 594
14 835
21 166
21 490
After tax
26 906
30 665
24 334
24 010
Living cost
17 325
17 325
17 325
17 325
Free-cash
9 581
13 340
7 009
6 685

Estimated living cost  is ₴17325 per week

₴12442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
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.
₴3292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25604
₴30426
₴27426
₴26943
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 547
health
-
-
-
1 979
unemployment
-
-
-
69
income
-
-
-
6 825
total
-
-
-
11 420
Employee
11 223
-
42 123
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

985
-
1 511
-
income
1 123
-
4 212
-
health
516
-
792
-
total
2 747
-
6 704
-
Employer
11 223
-
42 123
-
pensions

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

1 237
-
1 897
-
unemployment
67
-
103
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
health
774
-
1 188
-
total
2 201
-
3 377
-
Corporate
32 074
45 500
-
-
income
3 207
4 550
-
-
total
3 207
4 550
-
-
Dividends
28 867
40 950
-
-
withholding
1 443
2 048
-
-
total
1 443
2 048
-
-
Income
45 500
45 500
45 500
45 500
Total tax
9 598
6 598
10 081
11 420
After tax
35 902
38 902
35 419
34 080
Living cost
8 476
8 476
8 476
8 476
Free-cash
27 426
30 426
26 943
25 604

Estimated living cost  is ₴8476 per week

₴5606
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10556
₴4452
₴10901
₴13796
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
3 240
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.

-
-
-
3 368
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.

-
-
-
485
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.

-
-
-
8 819
total
-
-
-
15 912
Employee

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

24 528
-
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.

111
-
485
-
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.

2 017
-
8 819
-
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.

3 368
-
3 368
-
total
5 496
-
12 672
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 972
45 500
-
-
trade
3 009
6 530
-
-
income
3 146
6 825
-
-
chamber of commerce
106
141
-
-
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.

173
375
-
-
total
6 434
13 871
-
-
Dividends
14 538
31 629
-
-
withholding
3 447
7 720
-
-
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.

190
425
-
-
total
3 637
8 145
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 567
22 016
12 672
15 912
After tax
29 933
23 484
32 828
29 588
Living cost
19 032
19 032
19 032
19 032
Free-cash
10 901
4 452
13 796
10 556

Estimated living cost  is ₴19032 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2048
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3400
₴3768
₴4858
₴3400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 967
income
-
-
-
10 052
total
-
-
-
14 019
Employee
38 560
-
45 500
-
social contributions
3 204
-
3 967
-
income
7 276
-
10 052
-
total
10 480
-
14 019
-
Employer
38 560
-
45 500
-
total
-
-
-
-
Corporate
6 940
45 500
-
-
income
867
5 688
-
-
total
867
5 688
-
-
Dividends
6 073
39 812
-
-
withholding
1 214
7 963
-
-
total
1 214
7 963
-
-
Income
45 500
45 500
45 500
45 500
Total tax
12 561
13 651
14 019
14 019
After tax
32 939
31 849
31 481
31 481
Living cost
28 081
28 081
28 081
28 081
Free-cash
4 858
3 768
3 400
3 400

Estimated living cost  is ₴28081 per week

₴21363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2288
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.
₴4161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10542
₴9077
₴11393
₴15462
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 032
income
-
-
-
14 032
total
-
-
-
17 064
Employee
22 614
-
43 232
-
social contributions
2 266
-
2 268
-
income
2 454
-
7 608
-
total
4 720
-
9 876
-
Employer
22 614
-
43 232
-
social contributions
2 266
-
2 268
-
total
2 266
-
2 268
-
Corporate
20 620
45 500
-
-
income
7 217
15 925
-
-
total
7 217
15 925
-
-
Dividends
13 403
29 575
-
-
social contributions
2 010
2 604
-
-
total
2 010
2 604
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 213
18 529
12 144
17 064
After tax
29 287
26 971
33 356
28 436
Living cost
17 894
17 894
17 894
17 894
Free-cash
11 393
9 077
15 462
10 542

Estimated living cost  is ₴17894 per week

₴11787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1411
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4422
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15267
₴15967
₴13214
₴10481
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 281
income
-
-
-
8 828
total
-
-
-
12 109
Employee
24 878
-
40 122
-
pensions
1 899
-
3 729
-
income
4 530
-
7 151
-
health
325
-
637
-
total
6 754
-
11 517
-
Employer
24 878
-
40 122
-
pensions
2 513
-
4 616
-
health
473
-
762
-
total
2 986
-
5 378
-
Corporate
17 636
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.

3 351
8 645
-
-
total
3 351
8 645
-
-
Dividends
14 285
36 855
-
-
withholding
1 071
2 764
-
-
total
1 071
2 764
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 162
11 409
16 895
12 109
After tax
31 338
34 091
28 605
33 391
Living cost
18 124
18 124
18 124
18 124
Free-cash
13 214
15 967
10 481
15 267

Estimated living cost  is ₴18124 per week

₴12433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3797
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴19302
-₴8271
₴1852
₴11252
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
2 088
health
-
-
-
1 095
other
-
-
-
186
accident
-
-
-
127
income
-
-
-
10 746
total
-
-
-
14 242
Employee
18 808
-
38 389
-
pensions
2 118
-
3 829
-
income
2 580
-
6 957
-
health
2 153
-
4 395
-
total
6 851
-
15 181
-
Employer
18 808
-
38 389
-
pensions
3 058
-
5 530
-
unemployment
461
-
940
-
accident
314
-
641
-
total
3 833
-
7 111
-
Corporate
22 860
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.

20 574
40 950
-
-
total
20 574
40 950
-
-
Dividends
2 286
4 550
-
-
withholding
434
865
-
-
total
434
865
-
-
Income
45 500
45 500
45 500
45 500
Total tax
31 692
41 815
22 292
14 242
After tax
13 808
3 685
23 208
31 258
Living cost
11 956
11 956
11 956
11 956
Free-cash
1 852
-8 271
11 252
19 302

Estimated living cost  is ₴11956 per week

₴8775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2244
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19458
₴32023
₴29628
₴21141
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
8 372
health insurance
-
-
-
3 367
work injury
-
-
-
227
unemployment
-
-
-
546
income
-
-
-
6 878
total
-
-
-
19 390
Employee

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

10 643
-
45 500
-
pensions
1 958
-
7 245
-
health insurance
788
-
2 914
-
unemployment
128
-
473
-
income
1 064
-
6 878
-
work injury
53
-
197
-
total
3 991
-
17 707
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 857
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
34 857
45 500
-
-
withholding
5 229
6 825
-
-
total
5 229
6 825
-
-
Income
45 500
45 500
45 500
45 500
Total tax
9 220
6 825
17 707
19 390
After tax
36 280
38 675
27 793
26 110
Living cost
6 652
6 652
6 652
6 652
Free-cash
29 628
32 023
21 141
19 458

Estimated living cost  is ₴6652 per week

₴4121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3581
₴4328
₴2086
₴1500
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
304
regional
-
-
-
873
social contributions
-
-
-
11 703
national
-
-
-
9 401
total
-
-
-
22 281
Employee
41 540
-
45 500
-
social contributions
14 007
-
15 343
-
municipal
248
-
271
-
regional
627
-
731
-
national
7 020
-
8 017
-
total
21 902
-
24 362
-
Employer
41 540
-
45 500
-
total
-
-
-
-
Corporate
3 960
45 500
-
-
nationa
950
10 920
-
-
municipal
191
2 193
-
-
total
1 141
13 113
-
-
Dividends
2 819
32 387
-
-
withholding
733
8 421
-
-
total
733
8 421
-
-
Income
45 500
45 500
45 500
45 500
Total tax
23 776
21 534
24 362
22 281
After tax
21 724
23 966
21 138
23 219
Living cost
19 638
19 638
19 638
19 638
Free-cash
2 086
4 328
1 500
3 581

Estimated living cost  is ₴19638 per week

₴13795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
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.
₴4196
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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