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
₴8019
₴17854
₴14314
₴13496
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
income

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

-
-
-
8 783
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.

-
-
-
483
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.

-
-
-
3 383
trade
-
-
-
3 540
total
-
-
-
16 189
Employee

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

18 938
-
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
-
483
-
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.

529
-
8 783
-
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.

3 383
-
3 383
-
total
3 941
-
12 649
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 562
45 500
-
-
income
3 984
6 825
-
-
surtax

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

219
376
-
-
chamber of commerce
114
141
-
-
trade
4 183
7 166
-
-
total
8 500
14 508
-
-
Dividends
18 063
30 992
-
-
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.

238
416
-
-
withholding
4 328
7 560
-
-
total
4 566
7 976
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 007
22 484
12 649
16 189
After tax
28 493
23 016
32 851
29 311
Living cost
14 997
14 997
14 997
14 997
Free-cash
13 496
8 019
17 854
14 314

Estimated living cost  is ₴14997 per week

₴9434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2139
₴1772
₴1415
₴1110
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
social contributions
-
-
-
489
municipal
-
-
-
4 661
national
-
-
-
7 222
pensions
-
-
-
5 460
total
-
-
-
17 832
Employee
40 697
-
39 334
-
municipal
5 027
-
4 837
-
pensions
1 628
-
1 573
-
national
7 789
-
7 495
-
total
14 444
-
13 905
-
Employer
40 697
-
39 334
-
pensions
3 256
-
3 147
-
social contributions
437
-
423
-
total
3 693
-
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
18 137
17 108
17 475
17 832
After tax
27 363
28 392
28 025
27 668
Living cost
26 253
26 253
26 253
26 253
Free-cash
1 110
2 139
1 772
1 415

Estimated living cost  is ₴26253 per week

₴17844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2440
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.
₴5576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26099
₴15390
₴14033
₴22037
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
45 500
income
-
-
-
6 537
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.

-
-
-
14 629
microenterprise
-
-
-
-
total
-
-
-
21 166
Employee
14 468
-
36 667
-
surtax
-
-
-
-
social contributions

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

1 592
-
4 034
-
income
2 575
-
6 942
-
total
4 167
-
10 976
-
Employer
14 468
-
36 667
-
social contributions

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

3 485
-
8 833
-
surtax
-
-
-
-
total
3 485
-
8 833
-
Corporate
27 547
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%.

5 510
9 100
-
-
total
5 510
9 100
-
-
Dividends

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

22 037
36 400
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
13 162
9 100
19 809
21 166
After tax
32 338
36 400
25 691
24 334
Living cost
10 301
10 301
10 301
10 301
Free-cash
22 037
26 099
15 390
14 033

Estimated living cost  is ₴10301 per week

₴6572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2514
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴888
-₴3668
₴5107
-₴3668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 147
health
-
-
-
5 703
pensions
-
-
-
5 801
total
-
-
-
19 651
Employee
42 282
42 282
42 282
-
pensions
7 611
5 801
7 611
-
income

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

6 921
6 921
6 921
-
health
6 490
5 520
6 490
-
total
21 022
18 242
21 022
-
Employer
42 282
42 282
42 282
-
health
2 939
2 939
2 939
-
pensions
2 943
2 943
2 943
-
unemployment
1 522
1 522
1 522
-
total
7 404
7 404
7 404
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
28 426
25 646
28 426
19 651
After tax
17 074
19 854
17 074
25 849
Living cost
20 742
20 742
20 742
20 742
Free-cash
-3 668
-888
-3 668
5 107

Estimated living cost  is ₴20742 per week

₴14699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1870
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4504
₴3959
₴2529
₴4048
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
89
other
-
-
-
5 180
unemployment
-
-
-
45
health
-
-
-
2 782
municipal
-
-
-
9 717
national
-
-
-
-
pensions
-
-
-
4 819
total
-
-
-
22 632
Employee
28 982
-
34 622
-
municipal
8 642
-
10 324
-
national
-
-
-
-
total
8 642
-
10 324
-
Employer
28 982
-
34 622
-
health
1 782
-
2 129
-
pensions
3 133
-
3 743
-
accident
58
-
69
-
unemployment
765
-
914
-
other
3 368
-
4 023
-
total
9 106
-
10 878
-
Corporate
7 412
45 500
-
-
income
1 631
10 010
-
-
total
1 631
10 010
-
-
Dividends
5 782
35 490
-
-
withholding
1 734
10 647
-
-
total
1 734
10 647
-
-
Income
45 500
45 500
45 500
45 500
Total tax
21 113
20 657
21 202
22 632
After tax
24 387
24 843
24 298
22 868
Living cost
20 339
20 339
20 339
20 339
Free-cash
4 048
4 504
3 959
2 529

Estimated living cost  is ₴20339 per week

₴13480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1996
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.
₴4555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3331
₴13400
₴9702
₴10290
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
income

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

-
-
-
8 783
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.

-
-
-
483
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.

-
-
-
3 383
trade
-
-
-
3 698
total
-
-
-
16 347
Employee

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

25 109
-
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
-
483
-
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.

2 157
-
8 783
-
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.

3 383
-
3 383
-
total
5 658
-
12 649
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 391
45 500
-
-
income
3 058
6 825
-
-
surtax

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

168
376
-
-
chamber of commerce
104
140
-
-
trade
3 354
7 485
-
-
total
6 684
14 826
-
-
Dividends
13 706
30 674
-
-
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.

179
412
-
-
withholding
3 238
7 480
-
-
total
3 417
7 892
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 759
22 718
12 649
16 347
After tax
29 741
22 782
32 851
29 153
Living cost
19 451
19 451
19 451
19 451
Free-cash
10 290
3 331
13 400
9 702

Estimated living cost  is ₴19451 per week

₴13009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17269
₴16719
₴16765
₴15215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
4 417
social contributions
-
-
-
7 098
health
-
-
-
1 160
total
-
-
-
12 675
Employee
38 073
38 073
41 307
-
social contributions
1 850
3 160
3 429
-
income
3 998
3 524
4 397
-
health
379
647
702
-
total
6 227
7 331
8 528
-
Employer
38 073
38 073
41 307
-
health
412
705
764
-
social contributions
1 850
3 160
3 429
-
total
2 262
3 865
4 193
-
Corporate
20 951
3 562
-
-
income
2 619
445
-
-
total
2 619
445
-
-
Dividends
18 333
3 117
-
-
withholding
3 117
530
-
-
total
3 117
530
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 225
12 171
12 721
12 675
After tax
31 275
33 329
32 779
32 825
Living cost
16 060
16 060
16 060
16 060
Free-cash
15 215
17 269
16 719
16 765

Estimated living cost  is ₴16060 per week

₴10978
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16558
₴17285
₴22430
₴16748
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

13 124
5 223
38 075
-
unemployment
197
78
571
-
pensions
1 312
522
3 808
-
income
1 604
639
4 655
-
health
919
366
2 665
-
total
4 032
1 605
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.

13 124
5 223
38 075
-
pensions
2 559
1 018
7 425
-
total
2 559
1 018
7 425
-
Corporate
29 817
39 259
-
-
income
2 684
3 533
-
-
total
2 684
3 533
-
-
Dividends
27 134
35 725
-
-
social contributions
5 231
6 907
-
-
withholding
5 155
6 788
-
-
total
10 386
13 695
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 661
19 851
19 124
13 979
After tax
25 839
25 649
26 376
31 521
Living cost
9 091
9 091
9 091
9 091
Free-cash
16 748
16 558
17 285
22 430

Estimated living cost  is ₴9091 per week

₴6204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24441
₴14265
₴12429
₴21364
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
6 097
health
-
-
-
5 915
pensions
-
-
-
9 100
total
-
-
-
21 112
Employee
14 046
-
34 005
-
unemployment
225
-
544
-
pensions
281
-
680
-
income
1 581
-
6 557
-
total
2 087
-
7 781
-
Employer
14 046
-
34 005
-
health
1 826
-
4 421
-
pensions
2 809
-
6 802
-
unemployment
113
-
272
-
total
4 748
-
11 495
-
Corporate
26 706
45 500
-
-
income
5 342
9 100
-
-
total
5 342
9 100
-
-
Dividends
21 365
36 400
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
12 177
9 100
19 276
21 112
After tax
33 323
36 400
26 224
24 388
Living cost
11 959
11 959
11 959
11 959
Free-cash
21 364
24 441
14 265
12 429

Estimated living cost  is ₴11959 per week

₴8203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴712
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.
₴2804
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴7352
₴12172
₴20222
₴1992
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
127
income
-
-
-
10 748
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
14 242
Employee
17 361
-
38 391
-
pensions
1 955
-
3 827
-
income
2 382
-
6 959
-
health
1 988
-
4 396
-
total
6 325
-
15 182
-
Employer
17 361
-
38 391
-
pensions
2 823
-
5 527
-
accident
290
-
641
-
unemployment
425
-
941
-
total
3 538
-
7 109
-
Corporate
24 601
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.

22 141
40 950
-
-
total
22 141
40 950
-
-
Dividends
2 460
4 550
-
-
withholding
467
865
-
-
total
467
865
-
-
Income
45 500
45 500
45 500
45 500
Total tax
32 471
41 815
22 291
14 242
After tax
13 029
3 685
23 209
31 258
Living cost
11 036
11 036
11 036
11 036
Free-cash
1 992
-7 352
12 172
20 222

Estimated living cost  is ₴11036 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴611
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.
₴2106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39234
₴32409
₴41054
₴38486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 989
-
45 500
-
income
998
-
9 100
-
total
998
-
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%.

40 511
45 500
-
-
total
-
-
-
-
Dividends
40 511
45 500
-
-
withholding
2 025
2 275
-
-
total
2 025
2 275
-
-
Income
45 500
45 500
45 500
45 500
Total tax
3 023
2 275
9 100
455
After tax
42 477
43 225
36 400
45 045
Living cost
3 991
3 991
3 991
3 991
Free-cash
38 486
39 234
32 409
41 054

Estimated living cost  is ₴3991 per week

₴2473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20236
₴13478
₴11446
₴16892
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
5 779
other
-
-
-
2 161
health
-
-
-
2 002
pensions

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

-
-
-
10 919
total
-
-
-
20 861
Employee
17 978
-
36 342
-
unemployment
179
-
364
-
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.

1 258
-
2 544
-
income
3 095
-
6 256
-
health
252
-
508
-
total
4 784
-
9 672
-
Employer
17 978
-
36 342
-
health
252
-
508
-
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.

3 057
-
6 178
-
accident
144
-
290
-
unemployment
179
-
364
-
other
899
-
1 817
-
total
4 531
-
9 157
-
Corporate
22 992
45 500
-
-
income
4 829
9 555
-
-
total
4 829
9 555
-
-
Dividends
18 163
35 945
-
-
withholding
1 271
2 516
-
-
total
1 271
2 516
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 415
12 071
18 829
20 861
After tax
30 085
33 429
26 671
24 639
Living cost
13 193
13 193
13 193
13 193
Free-cash
16 892
20 236
13 478
11 446

Estimated living cost  is ₴13193 per week

₴9322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴891
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1268
-₴4208
₴619
-₴7304
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 783
pensions
-
-
-
3 275
total
-
-
-
12 058
Employee
46 440
-
40 126
-
pensions
4 480
-
3 722
-
income
8 371
-
7 153
-
health
765
-
636
-
total
13 616
-
11 511
-
Employer
46 440
-
40 126
-
health
882
-
762
-
pensions
5 483
-
4 612
-
total
6 365
-
5 374
-
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
19 981
11 409
16 885
12 058
After tax
25 519
34 091
28 615
33 442
Living cost
32 823
32 823
32 823
32 823
Free-cash
-7 304
1 268
-4 208
619

Estimated living cost  is ₴32823 per week

₴24595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3857
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴32413
₴28905
₴27570
₴30115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
6 825
unemployment
-
-
-
69
health
-
-
-
1 988
pensions

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

-
-
-
2 559
total
-
-
-
11 441
Employee
8 593
-
42 108
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

754
-
1 518
-
income
859
-
4 211
-
health
395
-
795
-
total
2 103
-
6 714
-
Employer
8 593
-
42 108
-
health
593
-
1 193
-
pensions

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

947
-
1 905
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
unemployment
51
-
104
-
total
1 686
-
3 392
-
Corporate
35 221
45 500
-
-
income
3 522
4 550
-
-
total
3 522
4 550
-
-
Dividends
31 699
40 950
-
-
withholding
1 585
2 048
-
-
total
1 585
2 048
-
-
Income
45 500
45 500
45 500
45 500
Total tax
8 896
6 598
10 106
11 441
After tax
36 604
38 902
35 394
34 059
Living cost
6 489
6 489
6 489
6 489
Free-cash
30 115
32 413
28 905
27 570

Estimated living cost  is ₴6489 per week

₴3789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7602
-₴10382
-₴1607
-₴8443
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 147
health
-
-
-
5 703
pensions
-
-
-
5 801
total
-
-
-
19 651
Employee
45 905
42 282
42 282
-
pensions
5 801
5 801
7 611
-
income

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

6 921
6 921
6 921
-
health
5 727
5 520
6 490
-
total
18 449
18 242
21 022
-
Employer
45 905
42 282
42 282
-
health
3 190
2 939
2 939
-
pensions
3 195
2 943
2 943
-
unemployment
1 653
1 522
1 522
-
total
8 038
7 404
7 404
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
26 487
25 646
28 426
19 651
After tax
19 013
19 854
17 074
25 849
Living cost
27 456
27 456
27 456
27 456
Free-cash
-8 443
-7 602
-10 382
-1 607

Estimated living cost  is ₴27456 per week

₴20253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2452
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4436
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19025
₴10787
₴9858
₴14636
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
3 911
social contributions
-
-
-
13 286
solidarity contribution
-
-
-
-
health
-
-
-
6 143
total
-
-
-
23 340
Employee
18 092
-
33 955
-
solidarity contribution
-
-
-
-
social contributions
1 176
-
2 207
-
income
2 171
-
4 075
-
health
2 442
-
4 584
-
total
5 789
-
10 866
-
Employer
18 092
-
33 955
-
health
1 628
-
3 056
-
social contributions
4 523
-
8 489
-
total
6 151
-
11 545
-
Corporate
21 257
45 500
-
-
income
4 039
8 645
-
-
total
4 039
8 645
-
-
Dividends
17 218
36 855
-
-
withholding
2 583
5 528
-
-
total
2 583
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 562
14 173
22 411
23 340
After tax
26 938
31 327
23 089
22 160
Living cost
12 302
12 302
12 302
12 302
Free-cash
14 636
19 025
10 787
9 858

Estimated living cost  is ₴12302 per week

₴8545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3382
₴589
₴2752
₴798
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
social contributions
-
-
-
11 703
regional
-
-
-
495
municipal
-
-
-
271
national
-
-
-
9 386
total
-
-
-
21 855
Employee
44 004
-
45 500
-
municipal
233
-
241
-
national
7 625
-
8 002
-
regional
415
-
432
-
social contributions
14 838
-
15 343
-
total
23 111
-
24 018
-
Employer
44 004
-
45 500
-
total
-
-
-
-
Corporate
1 496
45 500
-
-
municipal
58
1 775
-
-
nationa
359
10 920
-
-
total
417
12 695
-
-
Dividends
1 079
32 805
-
-
withholding
281
8 530
-
-
total
281
8 530
-
-
Income
45 500
45 500
45 500
45 500
Total tax
23 809
21 225
24 018
21 855
After tax
21 691
24 275
21 482
23 645
Living cost
20 893
20 893
20 893
20 893
Free-cash
798
3 382
589
2 752

Estimated living cost  is ₴20893 per week

₴14564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17694
₴12019
₴12895
₴16150
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 284
other
-
-
-
-
surtax
-
-
-
952
unemployment
-
-
-
113
health
-
-
-
3 230
pensions
-
-
-
9 100
total
-
-
-
21 679
Employee
16 374
-
37 588
-
other
-
-
-
-
unemployment
1 140
-
2 616
-
pensions
1 092
-
2 507
-
surtax
54
-
851
-
income
2 745
-
7 711
-
health
418
-
958
-
total
5 449
-
14 643
-
Employer
16 374
-
37 588
-
health
745
-
1 710
-
pensions
2 183
-
5 011
-
unemployment
519
-
1 191
-
other
-
-
-
-
total
3 447
-
7 912
-
Corporate
25 680
45 500
-
-
income
6 677
11 830
-
-
total
6 677
11 830
-
-
Dividends
19 003
33 670
-
-
withholding
2 851
5 050
-
-
total
2 851
5 050
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 424
16 880
22 555
21 679
After tax
27 076
28 620
22 945
23 821
Living cost
10 926
10 926
10 926
10 926
Free-cash
16 150
17 694
12 019
12 895

Estimated living cost  is ₴10926 per week

₴6681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1008
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11667
₴6191
₴11018
₴7805
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 783
pensions
-
-
-
3 275
total
-
-
-
12 058
Employee
31 123
-
40 126
-
pensions
2 642
-
3 722
-
income
5 605
-
7 153
-
health
452
-
636
-
total
8 699
-
11 511
-
Employer
31 123
-
40 126
-
health
591
-
762
-
pensions
3 369
-
4 612
-
total
3 960
-
5 374
-
Corporate
10 417
45 500
-
-
income

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

1 979
8 645
-
-
total
1 979
8 645
-
-
Dividends
8 438
36 855
-
-
withholding
633
2 764
-
-
total
633
2 764
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 271
11 409
16 885
12 058
After tax
30 229
34 091
28 615
33 442
Living cost
22 424
22 424
22 424
22 424
Free-cash
7 805
11 667
6 191
11 018

Estimated living cost  is ₴22424 per week

₴16800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1681
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴18410
-₴3391
-₴1059
-₴4767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
other

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

-
-
-
910
regional
-
-
-
1 433
health
-
-
-
128
city
-
-
-
479
national
-
-
-
207
pensions
-
-
-
4 186
total
-
-
-
7 343
Employee
45 893
-
40 725
-
unemployment
-
-
-
-
pensions
3 856
-
3 420
-
national
217
-
176
-
regional
1 503
-
1 223
-
city
493
-
437
-
health
104
-
92
-
total
6 173
-
5 348
-
Employer
45 893
-
40 725
-
health
104
-
92
-
pensions
3 856
-
3 420
-
unemployment
-
-
-
-
other

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

918
-
815
-
total
4 878
-
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
11 051
24 694
9 675
7 343
After tax
34 449
20 806
35 825
38 157
Living cost
39 216
39 216
39 216
39 216
Free-cash
-4 767
-18 410
-3 391
-1 059

Estimated living cost  is ₴39216 per week

₴25501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9713
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴133
₴10169
₴6314
₴7896
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
income

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

-
-
-
8 783
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.

-
-
-
483
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.

-
-
-
3 383
trade
-
-
-
3 855
total
-
-
-
16 504
Employee

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

29 756
-
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.

193
-
483
-
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.

3 499
-
8 783
-
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.

3 383
-
3 383
-
total
7 075
-
12 649
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
15 744
45 500
-
-
income
2 361
6 825
-
-
surtax

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

130
376
-
-
chamber of commerce
98
139
-
-
trade
2 700
7 803
-
-
total
5 289
15 143
-
-
Dividends
10 455
30 356
-
-
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.

133
407
-
-
withholding
2 425
7 401
-
-
total
2 558
7 808
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 922
22 951
12 649
16 504
After tax
30 578
22 549
32 851
28 996
Living cost
22 682
22 682
22 682
22 682
Free-cash
7 896
-133
10 169
6 314

Estimated living cost  is ₴22682 per week

₴16566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5992
₴9168
₴9374
₴8916
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
3 766
other
-
-
-
1 411
surtax
-
-
-
-
social contributions
-
-
-
1 297
health
-
-
-
622
pensions
-
-
-
12 090
total
-
-
-
19 186
Employee
21 191
-
34 672
-
pensions
2 396
-
3 921
-
surtax
-
-
-
-
social contributions
604
-
988
-
income
1 251
-
3 655
-
total
4 251
-
8 564
-
Employer
21 191
-
34 672
-
health
1 484
-
2 427
-
pensions
3 481
-
5 697
-
unemployment
858
-
1 404
-
social contributions
64
-
104
-
other
731
-
1 196
-
total
6 618
-
10 828
-
Corporate
17 692
45 500
-
-
income
4 954
12 740
-
-
surtax
-
-
-
-
total
4 954
12 740
-
-
Dividends
12 738
32 760
-
-
surtax
-
-
-
-
social contributions
2 191
5 635
-
-
withholding
1 630
4 193
-
-
total
3 821
9 828
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 644
22 568
19 392
19 186
After tax
25 856
22 932
26 108
26 314
Living cost
16 940
16 940
16 940
16 940
Free-cash
8 916
5 992
9 168
9 374

Estimated living cost  is ₴16940 per week

₴10681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
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.
₴4594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7670
₴10846
₴11052
₴10422
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
3 766
other
-
-
-
1 411
surtax
-
-
-
-
social contributions
-
-
-
1 297
health
-
-
-
622
pensions
-
-
-
12 090
total
-
-
-
19 186
Employee
18 916
-
34 672
-
pensions
2 139
-
3 921
-
surtax
-
-
-
-
social contributions
539
-
988
-
income
975
-
3 655
-
total
3 653
-
8 564
-
Employer
18 916
-
34 672
-
health
1 324
-
2 427
-
pensions
3 108
-
5 697
-
unemployment
766
-
1 404
-
social contributions
56
-
104
-
other
653
-
1 196
-
total
5 907
-
10 828
-
Corporate
20 677
45 500
-
-
income
5 790
12 740
-
-
surtax
-
-
-
-
total
5 790
12 740
-
-
Dividends
14 887
32 760
-
-
surtax
-
-
-
-
social contributions
2 560
5 635
-
-
withholding
1 906
4 193
-
-
total
4 466
9 828
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 816
22 568
19 392
19 186
After tax
25 684
22 932
26 108
26 314
Living cost
15 262
15 262
15 262
15 262
Free-cash
10 422
7 670
10 846
11 052

Estimated living cost  is ₴15262 per week

₴8851
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1550
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.
₴4571
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17259
₴19008
₴18721
₴17517
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
6 825
social contributions
-
-
-
6 279
health
-
-
-
3 176
total
-
-
-
16 280
Employee
16 788
-
45 500
-
social contributions
2 317
-
6 279
-
income
2 800
-
6 538
-
health
1 172
-
3 176
-
total
6 289
-
15 993
-
Employer
16 788
-
45 500
-
total
-
-
-
-
Corporate
28 712
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%.

1 436
2 275
-
-
total
1 436
2 275
-
-
Dividends
27 276
43 225
-
-
social contributions
3 764
5 966
-
-
withholding
4 091
6 484
-
-
health
1 904
3 017
-
-
total
9 759
15 467
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 484
17 742
15 993
16 280
After tax
28 016
27 758
29 507
29 220
Living cost
10 499
10 499
10 499
10 499
Free-cash
17 517
17 259
19 008
18 721

Estimated living cost  is ₴10499 per week

₴7026
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
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.
₴2583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8127
-₴3035
₴5921
₴7364
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
6 918
surtax
-
-
-
98
unemployment
-
-
-
3 037
chamber of commerce
-
-
-
182
health
-
-
-
3 480
pensions
-
-
-
8 418
total
-
-
-
22 133
Employee
24 744
19 732
35 256
-
other
247
197
352
-
unemployment
742
592
1 058
-
pensions
2 534
2 020
3 610
-
income
2 817
1 455
6 116
-
health
957
764
1 364
-
total
7 297
5 028
12 500
-
Employer
24 744
19 732
35 256
-
chamber of commerce
99
79
141
-
health
935
746
1 332
-
pensions
3 105
2 477
4 425
-
accident
321
257
459
-
unemployment
742
592
1 058
-
surtax
98
98
98
-
payroll
742
592
1 058
-
other
1 175
937
1 674
-
total
7 217
5 778
10 245
-
Corporate
13 538
19 992
33 376
-
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.

3 384
4 998
8 344
-
total
3 384
4 998
8 344
-
Dividends
10 153
14 994
-
-
withholding
2 792
4 123
-
-
total
2 792
4 123
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 690
19 927
31 089
22 133
After tax
24 810
25 573
14 411
23 367
Living cost
17 446
17 446
17 446
17 446
Free-cash
7 364
8 127
-3 035
5 921

Estimated living cost  is ₴17446 per week

₴11636
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1488
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.
₴4036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7480
-₴76
₴3807
-₴226
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
communal

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

-
-
-
2 317
social contributions
-
-
-
6 882
national
-
-
-
14 441
total
-
-
-
23 640
Employee

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

35 417
-
35 240
-
unemployment

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

308
-
306
-
communal

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

1 847
-
1 838
-
pensions

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

2 656
-
2 643
-
national
10 889
-
10 820
-
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.

1 664
-
1 656
-
total
17 364
-
17 263
-
Employer

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

35 417
-
35 240
-
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.

2 178
-
2 167
-
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.

3 138
-
3 122
-
accident

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

460
-
459
-
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.

517
-
515
-
surtax
4 016
-
3 997
-
total
10 309
-
10 260
-
Corporate
-
45 500
-
-
income
-
9 100
-
-
surtax
-
182
-
-
total
-
9 282
-
-
Dividends
-
36 218
-
-
withholding

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

-
10 685
-
-
total
-
10 685
-
-
Income
45 500
45 500
45 500
45 500
Total tax
27 673
19 967
27 523
23 640
After tax
17 827
25 533
17 977
21 860
Living cost
18 053
18 053
18 053
18 053
Free-cash
-226
7 480
-76
3 807

Estimated living cost  is ₴18053 per week

₴11629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1579
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.
₴4564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12785
₴6459
₴6138
₴8841
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
410
income
-
-
-
7 831
other
-
-
-
45
unemployment
-
-
-
319
pensions
-
-
-
12 876
total
-
-
-
21 481
Employee
24 646
-
34 501
-
other
24
-
35
-
unemployment
382
-
535
-
pensions
1 159
-
1 622
-
income
5 200
-
7 969
-
total
6 765
-
10 161
-
Employer
24 646
-
34 501
-
pensions
5 816
-
8 143
-
accident
488
-
683
-
unemployment
1 356
-
1 898
-
other
196
-
275
-
total
7 856
-
10 999
-
Corporate
12 998
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.

1 950
6 825
-
-
total
1 950
6 825
-
-
Dividends
11 048
38 675
-
-
withholding
2 207
8 009
-
-
total
2 207
8 009
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 778
14 834
21 160
21 481
After tax
26 722
30 666
24 340
24 019
Living cost
17 881
17 881
17 881
17 881
Free-cash
8 841
12 785
6 459
6 138

Estimated living cost  is ₴17881 per week

₴13168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
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.
₴3187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴1059
₴1761
-₴392
-₴2122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
communal
-
-
-
2 875
accident
-
-
-
383
income
-
-
-
3 454
surtax
-
-
-
2 256
health
-
-
-
3 197
pensions
-
-
-
6 820
total
-
-
-
18 985
Employee
37 496
-
40 643
-
pensions
2 999
-
3 251
-
surtax
2 298
-
2 491
-
income
3 622
-
4 425
-
health
1 669
-
1 809
-
total
10 588
-
11 976
-
Employer
37 496
-
40 643
-
health
1 143
-
1 239
-
pensions
2 999
-
3 251
-
accident
337
-
366
-
total
4 479
-
4 856
-
Corporate
3 524
45 500
-
-
communal
-
3 072
-
-
income
529
6 825
-
-
surtax
37
477
-
-
total
566
10 374
-
-
Dividends
2 959
35 126
-
-
income
4 639
1 891
-
-
withholding
443
5 269
-
-
total
5 082
7 160
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 715
17 534
16 832
18 985
After tax
24 785
27 966
28 668
26 515
Living cost
26 907
26 907
26 907
26 907
Free-cash
-2 122
1 059
1 761
-392

Estimated living cost  is ₴26907 per week

₴20185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1630
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.
₴4807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17499
₴11824
₴12700
₴15925
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 284
other
-
-
-
-
surtax
-
-
-
952
unemployment
-
-
-
113
health
-
-
-
3 230
pensions
-
-
-
9 100
total
-
-
-
21 679
Employee
16 674
-
37 588
-
other
-
-
-
-
unemployment
1 160
-
2 616
-
pensions
1 112
-
2 507
-
surtax
59
-
851
-
income
2 795
-
7 711
-
health
426
-
958
-
total
5 552
-
14 643
-
Employer
16 674
-
37 588
-
health
758
-
1 710
-
pensions
2 223
-
5 011
-
unemployment
529
-
1 191
-
other
-
-
-
-
total
3 510
-
7 912
-
Corporate
25 315
45 500
-
-
income
6 582
11 830
-
-
total
6 582
11 830
-
-
Dividends
18 734
33 670
-
-
withholding
2 810
5 050
-
-
total
2 810
5 050
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 454
16 880
22 555
21 679
After tax
27 046
28 620
22 945
23 821
Living cost
11 121
11 121
11 121
11 121
Free-cash
15 925
17 499
11 824
12 700

Estimated living cost  is ₴11121 per week

₴6714
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
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.
₴3182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10577
₴7964
₴10116
₴9478
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
social contributions
-
-
-
11 703
regional
-
-
-
686
municipal
-
-
-
271
national
-
-
-
9 386
total
-
-
-
22 046
Employee
27 466
-
45 500
-
municipal
146
-
241
-
national
4 351
-
8 002
-
regional
370
-
612
-
social contributions
9 262
-
15 343
-
total
14 129
-
24 198
-
Employer
27 466
-
45 500
-
total
-
-
-
-
Corporate
18 034
45 500
-
-
municipal
896
2 262
-
-
nationa
4 328
10 920
-
-
total
5 224
13 182
-
-
Dividends
12 810
32 318
-
-
withholding
3 331
8 403
-
-
total
3 331
8 403
-
-
Income
45 500
45 500
45 500
45 500
Total tax
22 684
21 585
24 198
22 046
After tax
22 816
23 915
21 302
23 454
Living cost
13 338
13 338
13 338
13 338
Free-cash
9 478
10 577
7 964
10 116

Estimated living cost  is ₴13338 per week

₴8295
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.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3463
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16167
₴7929
₴7000
₴10759
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
3 911
social contributions
-
-
-
13 286
solidarity contribution
-
-
-
-
health
-
-
-
6 143
total
-
-
-
23 340
Employee
22 294
-
33 955
-
solidarity contribution
-
-
-
-
social contributions
1 449
-
2 207
-
income
2 675
-
4 075
-
health
3 010
-
4 584
-
total
7 134
-
10 866
-
Employer
22 294
-
33 955
-
health
2 006
-
3 056
-
social contributions
5 573
-
8 489
-
total
7 579
-
11 545
-
Corporate
15 626
45 500
-
-
income
2 969
8 645
-
-
total
2 969
8 645
-
-
Dividends
12 657
36 855
-
-
withholding
1 899
5 528
-
-
total
1 899
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 581
14 173
22 411
23 340
After tax
25 919
31 327
23 089
22 160
Living cost
15 160
15 160
15 160
15 160
Free-cash
10 759
16 167
7 929
7 000

Estimated living cost  is ₴15160 per week

₴11274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9830
-₴1389
₴7669
₴9587
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
6 918
surtax
-
-
-
-
unemployment
-
-
-
3 037
chamber of commerce
-
-
-
182
health
-
-
-
3 480
pensions
-
-
-
8 418
total
-
-
-
22 035
Employee
21 644
19 732
35 332
-
other
216
197
353
-
unemployment
649
592
1 060
-
pensions
2 217
2 020
3 618
-
income
1 928
1 455
6 164
-
health
837
764
1 367
-
total
5 847
5 028
12 562
-
Employer
21 644
19 732
35 332
-
chamber of commerce
86
79
141
-
health
818
746
1 335
-
pensions
2 716
2 477
4 434
-
accident
281
257
459
-
unemployment
649
592
1 060
-
surtax
-
-
-
-
payroll
649
592
1 060
-
other
1 028
937
1 679
-
total
6 227
5 680
10 168
-
Corporate
17 628
20 089
33 452
-
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.

4 407
5 022
8 363
-
total
4 407
5 022
8 363
-
Dividends
13 221
15 067
-
-
withholding
3 636
4 144
-
-
total
3 636
4 144
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 117
19 874
31 093
22 035
After tax
25 383
25 626
14 407
23 465
Living cost
15 796
15 796
15 796
15 796
Free-cash
9 587
9 830
-1 389
7 669

Estimated living cost  is ₴15796 per week

₴9476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1613
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.
₴4426
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37006
₴30181
₴38826
₴35840
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 774
-
45 500
-
income
1 555
-
9 100
-
total
1 555
-
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%.

37 726
45 500
-
-
total
-
-
-
-
Dividends
37 726
45 500
-
-
withholding
1 886
2 275
-
-
total
1 886
2 275
-
-
Income
45 500
45 500
45 500
45 500
Total tax
3 441
2 275
9 100
455
After tax
42 059
43 225
36 400
45 045
Living cost
6 219
6 219
6 219
6 219
Free-cash
35 840
37 006
30 181
38 826

Estimated living cost  is ₴6219 per week

₴4209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1541
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18046
₴9132
₴10435
₴13906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
45 500
income
-
-
-
8 929
unemployment
-
-
-
69
health
-
-
-
4 477
pensions
-
-
-
8 310
total
-
-
-
21 785
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.

21 895
-
39 370
-
unemployment
31
-
55
-
pensions
3 394
-
6 103
-
income
3 776
-
8 257
-
health
1 414
-
2 544
-
total
8 615
-
16 959
-
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.

21 895
-
39 370
-
health
1 458
-
2 622
-
pensions
1 937
-
3 484
-
unemployment
13
-
23
-
total
3 408
-
6 129
-
Corporate
20 196
45 500
-
-
income
3 837
8 645
-
-
total
3 837
8 645
-
-
Dividends
16 359
36 855
-
-
withholding
2 454
5 529
-
-
total
2 454
5 529
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 314
14 174
23 088
21 785
After tax
27 186
31 326
22 412
23 715
Living cost
13 280
13 280
13 280
13 280
Free-cash
13 906
18 046
9 132
10 435

Estimated living cost  is ₴13280 per week

₴9114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴6002
₴17210
₴9764
-₴29418
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 869
social contributions
-
-
-
5 187
total
-
-
-
14 056
Employee
31 086
-
-
-
social contributions
2 549
-
363
-
income
6 857
-
-
-
total
9 406
-
363
-
Employer
31 086
-
-
-
social contributions
43 832
-
6 247
-
total
43 832
-
6 247
-
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
53 238
17 818
6 610
14 056
After tax
-7 738
27 682
38 890
31 444
Living cost
21 680
21 680
21 680
21 680
Free-cash
-29 418
6 002
17 210
9 764

Estimated living cost  is ₴21680 per week

₴14067
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2039
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴5298
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10349
₴7911
₴10057
₴9851
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
income
-
-
-
4 100
surtax
-
-
-
-
social contributions

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

-
-
-
15 812
total
-
-
-
19 912
Employee
22 772
-
36 767
-
surtax
-
-
-
-
social contributions
2 505
-
4 044
-
income
4 737
-
9 281
-
total
7 242
-
13 325
-
Employer
22 772
-
36 767
-
social contributions
5 408
-
8 733
-
total
5 408
-
8 733
-
Corporate
17 320
45 500
-
-
income
3 637
9 555
-
-
surtax
-
-
-
-
total
3 637
9 555
-
-
Dividends
13 682
35 945
-
-
withholding
3 831
10 065
-
-
total
3 831
10 065
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 118
19 620
22 058
19 912
After tax
25 382
25 880
23 442
25 588
Living cost
15 531
15 531
15 531
15 531
Free-cash
9 851
10 349
7 911
10 057

Estimated living cost  is ₴15531 per week

₴11620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴982
₴2194
₴2400
₴2422
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
3 766
other
-
-
-
1 411
surtax
-
-
-
-
social contributions
-
-
-
1 297
health
-
-
-
622
pensions
-
-
-
12 090
total
-
-
-
19 186
Employee
31 011
-
34 672
-
pensions
3 508
-
3 921
-
surtax
-
-
-
-
social contributions
883
-
988
-
income
2 706
-
3 655
-
total
7 097
-
8 564
-
Employer
31 011
-
34 672
-
health
2 170
-
2 427
-
pensions
5 095
-
5 697
-
unemployment
1 256
-
1 404
-
social contributions
93
-
104
-
other
1 070
-
1 196
-
total
9 684
-
10 828
-
Corporate
4 804
45 500
-
-
income
1 345
12 740
-
-
surtax
-
-
-
-
total
1 345
12 740
-
-
Dividends
3 459
32 760
-
-
surtax
-
-
-
-
social contributions
595
5 635
-
-
withholding
443
4 193
-
-
total
1 038
9 828
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 164
22 568
19 392
19 186
After tax
26 336
22 932
26 108
26 314
Living cost
23 914
23 914
23 914
23 914
Free-cash
2 422
-982
2 194
2 400

Estimated living cost  is ₴23914 per week

₴16185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1956
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.
₴5445
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26067
₴21237
₴19960
₴24403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
647
social contributions
-
-
-
10 010
total
-
-
-
10 657
Employee
15 918
-
39 394
-
income
-
-
714
-
social contributions
1 035
-
2 560
-
total
1 035
-
3 274
-
Employer
15 918
-
39 394
-
social contributions
2 467
-
6 106
-
total
2 467
-
6 106
-
Corporate
27 115
45 500
-
-
income
2 712
4 550
-
-
total
2 712
4 550
-
-
Dividends
24 403
40 950
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
6 214
4 550
9 380
10 657
After tax
39 286
40 950
36 120
34 843
Living cost
14 883
14 883
14 883
14 883
Free-cash
24 403
26 067
21 237
19 960

Estimated living cost  is ₴14883 per week

₴9623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴62322
-₴62322
₴4601
-₴62322
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
labour market
-
-
-
3 606
municipal
-
-
-
8 266
national
-
-
-
4 765
pensions
-
-
-
429
total
-
-
-
17 066
Employee
100 594
100 594
100 594
-
municipal
21 421
21 421
21 421
-
labour market
8 036
8 036
8 036
-
pensions
143
143
143
-
national
12 289
12 289
12 289
-
total
41 889
41 889
41 889
-
Employer
100 594
100 594
100 594
-
national
12 311
12 311
12 311
-
labour market
8 048
8 048
8 048
-
pensions
286
286
286
-
municipal
21 455
21 455
21 455
-
total
42 100
42 100
42 100
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
83 989
83 989
83 989
17 066
After tax
-38 489
-38 489
-38 489
28 434
Living cost
23 833
23 833
23 833
23 833
Free-cash
-62 322
-62 322
-62 322
4 601

Estimated living cost  is ₴23833 per week

₴16312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2108
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴367
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7189
₴12335
₴20384
₴2017
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
127
income
-
-
-
10 748
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
14 242
Employee
17 105
-
38 391
-
pensions
1 926
-
3 827
-
income
2 347
-
6 959
-
health
1 959
-
4 396
-
total
6 232
-
15 182
-
Employer
17 105
-
38 391
-
pensions
2 781
-
5 527
-
accident
286
-
641
-
unemployment
419
-
941
-
total
3 486
-
7 109
-
Corporate
24 909
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.

22 418
40 950
-
-
total
22 418
40 950
-
-
Dividends
2 491
4 550
-
-
withholding
473
865
-
-
total
473
865
-
-
Income
45 500
45 500
45 500
45 500
Total tax
32 609
41 815
22 291
14 242
After tax
12 891
3 685
23 209
31 258
Living cost
10 874
10 874
10 874
10 874
Free-cash
2 017
-7 189
12 335
20 384

Estimated living cost  is ₴10874 per week

₴7915
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.
₴2135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11551
₴7266
₴13750
₴10060
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
45 500
health
-
-
-
494
municipal
-
-
-
8 101
national
-
-
-
4 146
total
-
-
-
12 741
Employee
26 050
-
38 276
-
municipal
4 267
-
6 252
-
unemployment
391
-
574
-
pensions
1 758
-
2 584
-
national
430
-
2 209
-
health
194
-
382
-
total
7 040
-
12 001
-
Employer
26 050
-
38 276
-
health
200
-
295
-
pensions
4 519
-
6 641
-
accident
26
-
39
-
unemployment
169
-
249
-
total
4 914
-
7 224
-
Corporate
14 535
45 500
-
-
income
2 907
9 100
-
-
total
2 907
9 100
-
-
Dividends

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

8 721
27 300
-
-
municipal
1 570
4 914
-
-
national
-
926
-
-
total
1 570
5 840
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 431
14 940
19 225
12 741
After tax
29 069
30 560
26 275
32 759
Living cost
19 009
19 009
19 009
19 009
Free-cash
10 060
11 551
7 266
13 750

Estimated living cost  is ₴19009 per week

₴12417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21865
₴21315
₴21361
₴19170
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
4 417
social contributions
-
-
-
7 098
health
-
-
-
1 160
total
-
-
-
12 675
Employee
38 073
38 073
41 307
-
social contributions
1 439
3 160
3 429
-
income
4 146
3 524
4 397
-
health
295
647
702
-
total
5 880
7 331
8 528
-
Employer
38 073
38 073
41 307
-
health
320
705
764
-
social contributions
1 439
3 160
3 429
-
total
1 759
3 865
4 193
-
Corporate
26 396
3 562
-
-
income
3 300
445
-
-
total
3 300
445
-
-
Dividends
23 097
3 117
-
-
withholding
3 927
530
-
-
total
3 927
530
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 866
12 171
12 721
12 675
After tax
30 634
33 329
32 779
32 825
Living cost
11 464
11 464
11 464
11 464
Free-cash
19 170
21 865
21 315
21 361

Estimated living cost  is ₴11464 per week

₴6870
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1125
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29818
₴20214
₴28398
₴27300
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
45 500
income
-
-
-
4 285
unemployment
-
-
-
14
health
-
-
-
1 792
pensions
-
-
-
3 150
total
-
-
-
9 241
Employee

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

11 365
-
41 250
-
unemployment
56
-
207
-
pensions
1 704
-
6 187
-
income
777
-
3 274
-
health
966
-
3 507
-
total
3 503
-
13 175
-
Employer

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

11 365
-
41 250
-
health
489
-
1 774
-
pensions
625
-
2 269
-
unemployment
56
-
207
-
total
1 170
-
4 250
-
Corporate
32 965
45 500
-
-
income
2 967
4 095
-
-
total
2 967
4 095
-
-
Dividends
29 998
41 405
-
-
withholding
2 699
3 726
-
-
total
2 699
3 726
-
-
Income
45 500
45 500
45 500
45 500
Total tax
10 339
7 821
17 425
9 241
After tax
35 161
37 679
28 075
36 259
Living cost
7 861
7 861
7 861
7 861
Free-cash
27 300
29 818
20 214
28 398

Estimated living cost  is ₴7861 per week

₴5016
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2045
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17050
₴10725
₴10404
₴14453
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
410
income
-
-
-
7 831
other
-
-
-
45
unemployment
-
-
-
319
pensions
-
-
-
12 876
total
-
-
-
21 481
Employee
18 308
-
34 501
-
other
18
-
35
-
unemployment
284
-
535
-
pensions
861
-
1 622
-
income
3 530
-
7 969
-
total
4 693
-
10 161
-
Employer
18 308
-
34 501
-
pensions
4 320
-
8 143
-
accident
363
-
683
-
unemployment
1 007
-
1 898
-
other
147
-
275
-
total
5 837
-
10 999
-
Corporate
21 355
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.

3 203
6 825
-
-
total
3 203
6 825
-
-
Dividends
18 152
38 675
-
-
withholding
3 699
8 009
-
-
total
3 699
8 009
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 432
14 834
21 160
21 481
After tax
28 068
30 666
24 340
24 019
Living cost
13 616
13 616
13 616
13 616
Free-cash
14 453
17 050
10 725
10 404

Estimated living cost  is ₴13616 per week

₴9190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
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.
₴2878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27432
₴27983
₴28051
₴27273
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
15 281
health
-
-
-
508
pensions
-
-
-
700
total
-
-
-
16 489
Employee
1 462
-
44 712
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
15 244
-
health
73
-
175
-
total
503
-
15 769
-
Employer
1 462
-
44 712
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
43 709
45 500
-
-
income
9 616
10 010
-
-
total
9 616
10 010
-
-
Dividends
34 093
35 490
-
-
withholding
6 819
7 098
-
-
total
6 819
7 098
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 267
17 108
16 557
16 489
After tax
28 233
28 392
28 943
29 011
Living cost
960
960
960
960
Free-cash
27 273
27 432
27 983
28 051

Estimated living cost  is ₴960 per week

₴570
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
₴24312
₴15026
₴15024
₴21875
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
45 500
income
-
-
-
8 083
unemployment
-
-
-
549
health
-
-
-
3 769
pensions
-
-
-
9 513
total
-
-
-
21 914
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.

12 911
-
38 951
-
unemployment
97
-
274
-
pensions
1 808
-
5 122
-
income
1 780
-
8 083
-
health
665
-
1 884
-
total
4 350
-
15 363
-
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.

12 911
-
38 951
-
health
665
-
1 884
-
pensions
1 549
-
4 391
-
unemployment
97
-
274
-
total
2 311
-
6 549
-
Corporate
30 278
45 500
-
-
income
4 542
6 825
-
-
total
4 542
6 825
-
-
Dividends
25 736
38 675
-
-
withholding
3 860
5 801
-
-
total
3 860
5 801
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 063
12 626
21 912
21 914
After tax
30 437
32 874
23 588
23 586
Living cost
8 562
8 562
8 562
8 562
Free-cash
21 875
24 312
15 026
15 024

Estimated living cost  is ₴8562 per week

₴5765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12532
₴10094
₴12240
₴12354
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
income
-
-
-
4 100
surtax
-
-
-
-
social contributions

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

-
-
-
15 812
total
-
-
-
19 912
Employee
19 217
-
36 767
-
surtax
-
-
-
-
social contributions
2 114
-
4 044
-
income
3 755
-
9 281
-
total
5 869
-
13 325
-
Employer
19 217
-
36 767
-
social contributions
4 564
-
8 733
-
total
4 564
-
8 733
-
Corporate
21 719
45 500
-
-
income
4 561
9 555
-
-
surtax
-
-
-
-
total
4 561
9 555
-
-
Dividends
17 158
35 945
-
-
withholding
4 804
10 065
-
-
total
4 804
10 065
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 798
19 620
22 058
19 912
After tax
25 702
25 880
23 442
25 588
Living cost
13 348
13 348
13 348
13 348
Free-cash
12 354
12 532
10 094
12 240

Estimated living cost  is ₴13348 per week

₴9454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13265
₴6939
₴6618
₴9490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
410
income
-
-
-
7 831
other
-
-
-
45
unemployment
-
-
-
319
pensions
-
-
-
12 876
total
-
-
-
21 481
Employee
23 912
-
34 501
-
other
23
-
35
-
unemployment
370
-
535
-
pensions
1 124
-
1 622
-
income
4 994
-
7 969
-
total
6 511
-
10 161
-
Employer
23 912
-
34 501
-
pensions
5 643
-
8 143
-
accident
474
-
683
-
unemployment
1 315
-
1 898
-
other
192
-
275
-
total
7 624
-
10 999
-
Corporate
13 964
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.

2 094
6 825
-
-
total
2 094
6 825
-
-
Dividends
11 869
38 675
-
-
withholding
2 380
8 009
-
-
total
2 380
8 009
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 609
14 834
21 160
21 481
After tax
26 891
30 666
24 340
24 019
Living cost
17 401
17 401
17 401
17 401
Free-cash
9 490
13 265
6 939
6 618

Estimated living cost  is ₴17401 per week

₴12497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3306
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30388
₴26880
₴25545
₴27371
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
6 825
unemployment
-
-
-
69
health
-
-
-
1 988
pensions

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

-
-
-
2 559
total
-
-
-
11 441
Employee
11 274
-
42 108
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

990
-
1 518
-
income
1 128
-
4 211
-
health
519
-
795
-
total
2 761
-
6 714
-
Employer
11 274
-
42 108
-
health
778
-
1 193
-
pensions

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

1 242
-
1 905
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 212
-
3 392
-
Corporate
32 014
45 500
-
-
income
3 201
4 550
-
-
total
3 201
4 550
-
-
Dividends
28 813
40 950
-
-
withholding
1 441
2 048
-
-
total
1 441
2 048
-
-
Income
45 500
45 500
45 500
45 500
Total tax
9 615
6 598
10 106
11 441
After tax
35 885
38 902
35 394
34 059
Living cost
8 514
8 514
8 514
8 514
Free-cash
27 371
30 388
26 880
25 545

Estimated living cost  is ₴8514 per week

₴5631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4368
₴13735
₴10509
₴10844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
income

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

-
-
-
8 783
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.

-
-
-
483
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.

-
-
-
3 383
trade
-
-
-
3 226
total
-
-
-
15 875
Employee

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

24 636
-
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.

112
-
483
-
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.

2 026
-
8 783
-
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.

3 383
-
3 383
-
total
5 521
-
12 649
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 864
45 500
-
-
income
3 130
6 825
-
-
surtax

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

172
376
-
-
chamber of commerce
106
142
-
-
trade
2 994
6 529
-
-
total
6 402
13 872
-
-
Dividends
14 463
31 628
-
-
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.

189
425
-
-
withholding
3 428
7 719
-
-
total
3 617
8 144
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 540
22 016
12 649
15 875
After tax
29 960
23 484
32 851
29 625
Living cost
19 116
19 116
19 116
19 116
Free-cash
10 844
4 368
13 735
10 509

Estimated living cost  is ₴19116 per week

₴13186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
₴3646
₴3317
₴3317
₴4737
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
10 016
social contributions
-
-
-
3 962
total
-
-
-
13 978
Employee
38 730
-
45 500
-
income
7 308
-
10 016
-
social contributions
3 218
-
3 962
-
total
10 526
-
13 978
-
Employer
38 730
-
45 500
-
total
-
-
-
-
Corporate
6 770
45 500
-
-
income
847
5 687
-
-
total
847
5 687
-
-
Dividends
5 923
39 813
-
-
withholding
1 185
7 962
-
-
total
1 185
7 962
-
-
Income
45 500
45 500
45 500
45 500
Total tax
12 558
13 649
13 978
13 978
After tax
32 942
31 851
31 522
31 522
Living cost
28 205
28 205
28 205
28 205
Free-cash
4 737
3 646
3 317
3 317

Estimated living cost  is ₴28205 per week

₴21458
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8986
₴15380
₴10454
₴11332
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
45 500
income
-
-
-
14 094
health

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

-
-
-
2 979
total
-
-
-
17 073
Employee
22 714
-
43 222
-
income
2 465
-
7 591
-
social contributions
2 276
-
2 278
-
total
4 741
-
9 869
-
Employer
22 714
-
43 222
-
social contributions
2 276
-
2 278
-
total
2 276
-
2 278
-
Corporate
20 511
45 500
-
-
income
7 179
15 925
-
-
total
7 179
15 925
-
-
Dividends
13 332
29 575
-
-
social contributions
1 999
2 616
-
-
total
1 999
2 616
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 195
18 541
12 147
17 073
After tax
29 305
26 959
33 353
28 427
Living cost
17 973
17 973
17 973
17 973
Free-cash
11 332
8 986
15 380
10 454

Estimated living cost  is ₴17973 per week

₴11839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
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.
₴4441
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15861
₴10385
₴15212
₴13092
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
8 783
pensions
-
-
-
3 275
total
-
-
-
12 058
Employee
25 023
-
40 126
-
pensions
1 910
-
3 722
-
income
4 557
-
7 153
-
health
326
-
636
-
total
6 793
-
11 511
-
Employer
25 023
-
40 126
-
health
476
-
762
-
pensions
2 528
-
4 612
-
total
3 004
-
5 374
-
Corporate
17 473
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.

3 320
8 645
-
-
total
3 320
8 645
-
-
Dividends
14 153
36 855
-
-
withholding
1 061
2 764
-
-
total
1 061
2 764
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 178
11 409
16 885
12 058
After tax
31 322
34 091
28 615
33 442
Living cost
18 230
18 230
18 230
18 230
Free-cash
13 092
15 861
10 385
15 212

Estimated living cost  is ₴18230 per week

₴12506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8265
₴11259
₴19308
₴1853
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
127
income
-
-
-
10 748
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
14 242
Employee
18 798
-
38 391
-
pensions
2 117
-
3 827
-
income
2 579
-
6 959
-
health
2 152
-
4 396
-
total
6 848
-
15 182
-
Employer
18 798
-
38 391
-
pensions
3 056
-
5 527
-
accident
314
-
641
-
unemployment
460
-
941
-
total
3 830
-
7 109
-
Corporate
22 871
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.

20 584
40 950
-
-
total
20 584
40 950
-
-
Dividends
2 287
4 550
-
-
withholding
435
865
-
-
total
435
865
-
-
Income
45 500
45 500
45 500
45 500
Total tax
31 697
41 815
22 291
14 242
After tax
13 803
3 685
23 209
31 258
Living cost
11 950
11 950
11 950
11 950
Free-cash
1 853
-8 265
11 259
19 308

Estimated living cost  is ₴11950 per week

₴8770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴696
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.
₴2243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31987
₴21054
₴19428
₴29580
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
45 500
income
-
-
-
6 871
unemployment
-
-
-
546
work injury
-
-
-
228
health insurance
-
-
-
3 367
pensions
-
-
-
8 372
total
-
-
-
19 384
Employee

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

10 700
-
45 500
-
health insurance
792
-
2 930
-
unemployment
128
-
475
-
work injury
53
-
198
-
pensions
1 969
-
7 284
-
income
1 070
-
6 871
-
total
4 012
-
17 758
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 800
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
34 800
45 500
-
-
withholding
5 220
6 825
-
-
total
5 220
6 825
-
-
Income
45 500
45 500
45 500
45 500
Total tax
9 232
6 825
17 758
19 384
After tax
36 268
38 675
27 742
26 116
Living cost
6 688
6 688
6 688
6 688
Free-cash
29 580
31 987
21 054
19 428

Estimated living cost  is ₴6688 per week

₴4143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4241
₴1429
₴3511
₴1988
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
social contributions
-
-
-
11 703
regional
-
-
-
871
municipal
-
-
-
304
national
-
-
-
9 386
total
-
-
-
22 264
Employee
41 723
-
45 500
-
municipal
249
-
272
-
national
7 051
-
8 002
-
regional
630
-
729
-
social contributions
14 069
-
15 343
-
total
21 999
-
24 346
-
Employer
41 723
-
45 500
-
total
-
-
-
-
Corporate
3 777
45 500
-
-
municipal
182
2 193
-
-
nationa
907
10 920
-
-
total
1 089
13 113
-
-
Dividends
2 688
32 387
-
-
withholding
699
8 421
-
-
total
699
8 421
-
-
Income
45 500
45 500
45 500
45 500
Total tax
23 787
21 534
24 346
22 264
After tax
21 713
23 966
21 154
23 236
Living cost
19 725
19 725
19 725
19 725
Free-cash
1 988
4 241
1 429
3 511

Estimated living cost  is ₴19725 per week

₴13855
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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