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
₴9986
₴14737
₴15029
₴19049
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
trade
-
-
-
4 020
income

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

-
-
-
9 955
health

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

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

-
-
-
2 935
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.

-
-
-
547
total
-
-
-
17 457
Employee

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

16 434
-
45 500
-
health

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

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

2 935
-
2 935
-
surtax

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

25
-
547
-
income

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

459
-
9 955
-
total
3 419
-
13 437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 066
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.

240
375
-
-
income
4 360
6 825
-
-
trade
4 578
7 166
-
-
chamber of commerce
107
130
-
-
total
9 285
14 496
-
-
Dividends
19 782
31 003
-
-
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.

263
417
-
-
withholding
4 782
7 587
-
-
total
5 045
8 004
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 749
22 500
13 437
17 457
After tax
27 751
23 000
32 063
28 043
Living cost
13 014
13 014
13 014
13 014
Free-cash
14 737
9 986
19 049
15 029

Estimated living cost  is ₴13014 per week

₴8186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6713
₴6354
₴5702
₴6060
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
municipal
-
-
-
4 773
pensions
-
-
-
5 460
national
-
-
-
7 397
social contributions
-
-
-
489
total
-
-
-
18 119
Employee
33 606
-
39 334
-
municipal
4 151
-
4 949
-
pensions
1 344
-
1 573
-
national
6 432
-
7 669
-
total
11 927
-
14 191
-
Employer
33 606
-
39 334
-
social contributions
361
-
423
-
pensions
2 688
-
3 147
-
total
3 049
-
3 570
-
Corporate
6 627
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%.

1 325
9 100
-
-
total
1 325
9 100
-
-
Dividends
5 301
36 400
-
-
withholding
1 166
8 008
-
-
total
1 166
8 008
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 467
17 108
17 761
18 119
After tax
28 033
28 392
27 739
27 381
Living cost
21 679
21 679
21 679
21 679
Free-cash
6 354
6 713
6 060
5 702

Estimated living cost  is ₴21679 per week

₴14735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4604
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27461
₴23937
₴15322
₴16678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
6 611
surtax
-
-
-
-
social contributions

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

-
-
-
14 628
total
-
-
-
21 239
Employee
12 555
-
36 667
-
social contributions

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

1 381
-
4 034
-
surtax
-
-
-
-
income
2 235
-
7 016
-
total
3 616
-
11 050
-
Employer
12 555
-
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.

3 024
-
8 833
-
surtax
-
-
-
-
total
3 024
-
8 833
-
Corporate
29 920
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%.

5 984
9 100
-
-
total
5 984
9 100
-
-
Dividends

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

23 936
36 400
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
12 624
9 100
19 883
21 239
After tax
32 876
36 400
25 617
24 261
Living cost
8 939
8 939
8 939
8 939
Free-cash
23 937
27 461
16 678
15 322

Estimated living cost  is ₴8939 per week

₴5703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4077
₴1443
₴7812
₴4774
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
9 361
pensions
-
-
-
5 034
health
-
-
-
5 293
total
-
-
-
19 688
Employee
36 692
36 692
38 720
-
health
5 632
4 790
4 906
-
income

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

6 006
6 006
6 006
-
pensions
6 605
5 034
5 034
-
total
18 243
15 830
15 946
-
Employer
36 692
36 692
38 720
-
unemployment
1 321
1 321
1 394
-
pensions
2 554
2 554
2 695
-
health
2 551
2 551
2 691
-
total
6 426
6 426
6 780
-
Corporate
2 833
2 382
-
-
income
567
476
-
-
total
567
476
-
-
Dividends
2 266
1 906
-
-
income
481
405
-
-
withholding
340
286
-
-
total
821
691
-
-
Income
45 500
45 500
45 500
45 500
Total tax
26 057
23 423
22 726
19 688
After tax
19 443
22 077
22 774
25 812
Living cost
18 000
18 000
18 000
18 000
Free-cash
1 443
4 077
4 774
7 812

Estimated living cost  is ₴18000 per week

₴12756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8176
₴7800
₴7752
₴7604
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
municipal
-
-
-
10 413
accident
-
-
-
73
pensions
-
-
-
3 949
other
-
-
-
4 244
unemployment
-
-
-
37
health
-
-
-
2 279
national
-
-
-
86
total
-
-
-
21 081
Employee
23 748
-
34 622
-
municipal
7 082
-
10 324
-
national
-
-
27
-
total
7 082
-
10 351
-
Employer
23 748
-
34 622
-
accident
48
-
69
-
other
2 760
-
4 023
-
unemployment
627
-
914
-
pensions
2 567
-
3 743
-
health
1 461
-
2 129
-
total
7 463
-
10 878
-
Corporate
14 290
45 500
-
-
income
3 144
10 010
-
-
total
3 144
10 010
-
-
Dividends
11 146
35 490
-
-
withholding
3 344
10 647
-
-
total
3 344
10 647
-
-
Income
45 500
45 500
45 500
45 500
Total tax
21 033
20 657
21 229
21 081
After tax
24 467
24 843
24 271
24 419
Living cost
16 667
16 667
16 667
16 667
Free-cash
7 800
8 176
7 604
7 752

Estimated living cost  is ₴16667 per week

₴11046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5886
₴11922
₴10986
₴15184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
trade
-
-
-
4 198
income

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

-
-
-
9 955
health

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

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

-
-
-
2 935
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.

-
-
-
547
total
-
-
-
17 635
Employee

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

21 790
-
45 500
-
health

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

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

2 935
-
2 935
-
surtax

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

103
-
547
-
income

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

1 872
-
9 955
-
total
4 910
-
13 437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
23 710
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.

196
375
-
-
income
3 557
6 825
-
-
trade
3 900
7 484
-
-
chamber of commerce
99
130
-
-
total
7 752
14 814
-
-
Dividends
15 959
30 686
-
-
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.

210
413
-
-
withholding
3 827
7 508
-
-
total
4 037
7 921
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 699
22 735
13 437
17 635
After tax
28 801
22 765
32 063
27 865
Living cost
16 879
16 879
16 879
16 879
Free-cash
11 922
5 886
15 184
10 986

Estimated living cost  is ₴16879 per week

₴11289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1780
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.
₴3558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19355
₴17575
₴18098
₴17950
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 354
health
-
-
-
1 160
social contributions
-
-
-
6 952
total
-
-
-
13 466
Employee
33 040
33 040
41 307
-
social contributions
1 605
2 742
3 429
-
health
329
562
702
-
income
3 469
3 059
5 290
-
total
5 403
6 363
9 421
-
Employer
33 040
33 040
41 307
-
social contributions
1 605
2 742
3 429
-
health
358
612
764
-
total
1 963
3 354
4 193
-
Corporate
24 197
9 106
-
-
income
3 024
1 138
-
-
total
3 024
1 138
-
-
Dividends
21 172
7 968
-
-
withholding
3 599
1 354
-
-
total
3 599
1 354
-
-
Income
45 500
45 500
45 500
45 500
Total tax
13 989
12 209
13 614
13 466
After tax
31 511
33 291
31 886
32 034
Living cost
13 936
13 936
13 936
13 936
Free-cash
17 575
19 355
17 950
18 098

Estimated living cost  is ₴13936 per week

₴9527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1089
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.
₴3087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17826
₴17987
₴23724
₴18579
S + D Salary + Dividends

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

Dividends

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

Salary

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

11 255
4 479
38 075
-
health
788
314
2 665
-
income
1 376
548
4 655
-
pensions
1 125
448
3 808
-
unemployment
169
67
571
-
total
3 458
1 377
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.

11 255
4 479
38 075
-
pensions
2 195
873
7 425
-
total
2 195
873
7 425
-
Corporate
32 051
40 147
-
-
income
2 885
3 613
-
-
total
2 885
3 613
-
-
Dividends
29 166
36 534
-
-
social contributions
5 636
7 073
-
-
withholding
5 542
6 941
-
-
total
11 178
14 014
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 716
19 877
19 124
13 979
After tax
25 784
25 623
26 376
31 521
Living cost
7 797
7 797
7 797
7 797
Free-cash
17 987
17 826
18 579
23 724

Estimated living cost  is ₴7797 per week

₴5320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1682
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26022
₴23353
₴14010
₴15847
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 100
health
-
-
-
5 915
total
-
-
-
21 112
Employee
12 189
-
34 006
-
income
1 372
-
6 557
-
pensions
244
-
680
-
unemployment
195
-
544
-
total
1 811
-
7 781
-
Employer
12 189
-
34 006
-
unemployment
98
-
272
-
pensions
2 438
-
6 801
-
health
1 584
-
4 421
-
total
4 120
-
11 494
-
Corporate
29 191
45 500
-
-
income
5 838
9 100
-
-
total
5 838
9 100
-
-
Dividends
23 353
36 400
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
11 769
9 100
19 275
21 112
After tax
33 731
36 400
26 225
24 388
Living cost
10 378
10 378
10 378
10 378
Free-cash
23 353
26 022
15 847
14 010

Estimated living cost  is ₴10378 per week

₴7118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5743
₴2240
₴21783
₴14233
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
11 303
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
14 288
Employee
14 833
-
39 164
-
health
1 698
-
4 484
-
income
2 035
-
7 749
-
pensions
1 670
-
3 270
-
total
5 403
-
15 503
-
Employer
14 833
-
39 164
-
accident
248
-
654
-
unemployment
363
-
959
-
pensions
2 412
-
4 722
-
total
3 023
-
6 335
-
Corporate
27 644
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.

24 880
40 950
-
-
total
24 880
40 950
-
-
Dividends
2 764
4 550
-
-
withholding
525
864
-
-
total
525
864
-
-
Income
45 500
45 500
45 500
45 500
Total tax
33 831
41 814
21 838
14 288
After tax
11 669
3 686
23 662
31 212
Living cost
9 429
9 429
9 429
9 429
Free-cash
2 240
-5 743
14 233
21 783

Estimated living cost  is ₴9429 per week

₴6911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1799
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39332
₴38602
₴41152
₴32507
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 866
-
45 500
-
income
973
-
9 100
-
total
973
-
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%.

40 634
45 500
-
-
total
-
-
-
-
Dividends
40 634
45 500
-
-
withholding
2 032
2 275
-
-
total
2 032
2 275
-
-
Income
45 500
45 500
45 500
45 500
Total tax
3 005
2 275
9 100
455
After tax
42 495
43 225
36 400
45 045
Living cost
3 893
3 893
3 893
3 893
Free-cash
38 602
39 332
32 507
41 152

Estimated living cost  is ₴3893 per week

₴2412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21980
₴19077
₴13181
₴15062
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 786
pensions

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

-
-
-
10 920
other
-
-
-
2 162
health
-
-
-
2 002
total
-
-
-
20 870
Employee
15 601
-
36 342
-
health
219
-
509
-
income
2 686
-
6 413
-
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.

1 092
-
2 544
-
unemployment
156
-
364
-
total
4 153
-
9 830
-
Employer
15 601
-
36 342
-
accident
125
-
291
-
other
780
-
1 817
-
unemployment
156
-
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.

2 652
-
6 178
-
health
219
-
509
-
total
3 932
-
9 159
-
Corporate
25 967
45 500
-
-
income
5 453
9 555
-
-
total
5 453
9 555
-
-
Dividends
20 514
35 945
-
-
withholding
1 436
2 516
-
-
total
1 436
2 516
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 974
12 071
18 989
20 870
After tax
30 526
33 429
26 511
24 630
Living cost
11 449
11 449
11 449
11 449
Free-cash
19 077
21 980
15 062
13 181

Estimated living cost  is ₴11449 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4328
-₴671
₴3733
-₴300
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
9 808
pensions
-
-
-
3 259
total
-
-
-
13 067
Employee
40 606
-
40 025
-
health
669
-
658
-
income
7 320
-
7 120
-
pensions
3 917
-
3 847
-
total
11 906
-
11 625
-
Employer
40 606
-
40 025
-
pensions
4 794
-
4 714
-
health
771
-
761
-
total
5 565
-
5 475
-
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
-
3 827
-
-
total
-
3 827
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 471
12 472
17 100
13 067
After tax
28 029
33 028
28 400
32 433
Living cost
28 700
28 700
28 700
28 700
Free-cash
-671
4 328
-300
3 733

Estimated living cost  is ₴28700 per week

₴21505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴33270
₴31273
₴29035
₴30495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
10 832
Employee
7 458
-
42 556
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
4 255
-
pensions

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

655
-
1 318
-
total
1 826
-
6 428
-
Employer
7 458
-
42 556
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 654
-
health
515
-
1 035
-
total
1 464
-
2 944
-
Corporate
36 578
45 500
-
-
income
3 658
4 550
-
-
total
3 658
4 550
-
-
Dividends
32 921
40 950
-
-
withholding
1 646
2 047
-
-
total
1 646
2 047
-
-
Income
45 500
45 500
45 500
45 500
Total tax
8 594
6 597
9 372
10 832
After tax
36 906
38 903
36 128
34 668
Living cost
5 633
5 633
5 633
5 633
Free-cash
31 273
33 270
30 495
29 035

Estimated living cost  is ₴5633 per week

₴3288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1749
-₴1310
₴1986
-₴1052
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
9 361
pensions
-
-
-
5 034
health
-
-
-
5 293
total
-
-
-
19 688
Employee
39 836
36 692
38 720
-
health
4 970
4 790
4 906
-
income

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

6 006
6 006
6 006
-
pensions
5 034
5 034
5 034
-
total
16 010
15 830
15 946
-
Employer
39 836
36 692
38 720
-
unemployment
1 434
1 321
1 394
-
pensions
2 772
2 554
2 695
-
health
2 768
2 551
2 691
-
total
6 974
6 426
6 780
-
Corporate
-
2 382
-
-
income
-
476
-
-
total
-
476
-
-
Dividends
-
1 906
-
-
income
-
405
-
-
withholding
-
286
-
-
total
-
691
-
-
Income
45 500
45 500
45 500
45 500
Total tax
22 984
23 423
22 726
19 688
After tax
22 516
22 077
22 774
25 812
Living cost
23 826
23 826
23 826
23 826
Free-cash
-1 310
-1 749
-1 052
1 986

Estimated living cost  is ₴23826 per week

₴17576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21052
₴17387
₴11885
₴12814
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 143
solidarity contribution
-
-
-
-
social contributions
-
-
-
13 286
total
-
-
-
23 340
Employee
15 110
-
33 955
-
social contributions
982
-
2 207
-
health
2 040
-
4 584
-
solidarity contribution
-
-
-
-
income
1 813
-
4 075
-
total
4 835
-
10 866
-
Employer
15 110
-
33 955
-
social contributions
3 777
-
8 489
-
health
1 360
-
3 056
-
total
5 137
-
11 545
-
Corporate
25 253
45 500
-
-
income
4 798
8 645
-
-
total
4 798
8 645
-
-
Dividends
20 455
36 855
-
-
withholding
3 068
5 528
-
-
total
3 068
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 838
14 173
22 411
23 340
After tax
27 662
31 327
23 089
22 160
Living cost
10 275
10 275
10 275
10 275
Free-cash
17 387
21 052
12 814
11 885

Estimated living cost  is ₴10275 per week

₴7137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6145
₴3901
₴5047
₴2882
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
municipal
-
-
-
271
regional
-
-
-
506
national
-
-
-
9 843
social contributions
-
-
-
11 702
total
-
-
-
22 322
Employee
38 187
-
45 500
-
social contributions
12 877
-
15 342
-
regional
360
-
444
-
municipal
202
-
241
-
national
6 617
-
8 460
-
total
20 056
-
24 487
-
Employer
38 187
-
45 500
-
total
-
-
-
-
Corporate
7 313
45 500
-
-
nationa
1 756
10 920
-
-
municipal
285
1 774
-
-
total
2 041
12 694
-
-
Dividends
5 272
32 806
-
-
withholding
1 371
8 530
-
-
total
1 371
8 530
-
-
Income
45 500
45 500
45 500
45 500
Total tax
23 468
21 224
24 487
22 322
After tax
22 032
24 276
21 013
23 178
Living cost
18 131
18 131
18 131
18 131
Free-cash
3 901
6 145
2 882
5 047

Estimated living cost  is ₴18131 per week

₴12638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1189
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19139
₴17801
₴13626
₴12784
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 849
pensions
-
-
-
9 100
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 231
surtax
-
-
-
1 115
total
-
-
-
22 393
Employee
14 209
-
37 588
-
other
-
-
-
-
health
363
-
958
-
surtax
46
-
1 009
-
income
2 382
-
8 233
-
pensions
947
-
2 507
-
unemployment
989
-
2 616
-
total
4 727
-
15 323
-
Employer
14 209
-
37 588
-
other
-
-
-
-
unemployment
450
-
1 191
-
pensions
1 894
-
5 011
-
health
647
-
1 710
-
total
2 991
-
7 912
-
Corporate
28 300
45 500
-
-
income
7 358
11 830
-
-
total
7 358
11 830
-
-
Dividends
20 942
33 670
-
-
withholding
3 142
5 050
-
-
total
3 142
5 050
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 218
16 880
23 235
22 393
After tax
27 282
28 620
22 265
23 107
Living cost
9 481
9 481
9 481
9 481
Free-cash
17 801
19 139
12 784
13 626

Estimated living cost  is ₴9481 per week

₴5797
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.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13421
₴11107
₴12826
₴8793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
9 808
pensions
-
-
-
3 259
total
-
-
-
13 067
Employee
27 213
-
40 025
-
health
395
-
658
-
income
4 901
-
7 120
-
pensions
2 310
-
3 847
-
total
7 606
-
11 625
-
Employer
27 213
-
40 025
-
pensions
2 946
-
4 714
-
health
517
-
761
-
total
3 463
-
5 475
-
Corporate
14 824
45 500
-
-
income

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

2 816
8 645
-
-
total
2 816
8 645
-
-
Dividends
12 008
36 855
-
-
withholding
901
3 827
-
-
total
901
3 827
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 786
12 472
17 100
13 067
After tax
30 714
33 028
28 400
32 433
Living cost
19 607
19 607
19 607
19 607
Free-cash
11 107
13 421
8 793
12 826

Estimated living cost  is ₴19607 per week

₴14689
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴11872
₴2110
₴5175
₴2924
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
479
pensions
-
-
-
4 186
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
-
-
-
1 635
health
-
-
-
107
national
-
-
-
330
total
-
-
-
7 647
Employee
38 242
-
40 725
-
city
410
-
437
-
regional
1 252
-
1 387
-
health
86
-
91
-
pensions
3 213
-
3 421
-
unemployment
-
-
-
-
national
181
-
236
-
total
5 142
-
5 572
-
Employer
38 242
-
40 725
-
other

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

765
-
814
-
unemployment
-
-
-
-
pensions
3 213
-
3 421
-
health
86
-
91
-
total
4 064
-
4 326
-
Corporate
2 773
45 500
-
-
regional
587
9 623
-
-
national
236
3 868
-
-
total
823
13 491
-
-
Dividends
1 951
32 009
-
-
withholding
683
11 203
-
-
total
683
11 203
-
-
Income
45 500
45 500
45 500
45 500
Total tax
10 712
24 694
9 898
7 647
After tax
34 788
20 806
35 602
37 853
Living cost
32 678
32 678
32 678
32 678
Free-cash
2 110
-11 872
2 924
5 175

Estimated living cost  is ₴32678 per week

₴21250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴401
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2846
₴9814
₴8002
₴12379
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
trade
-
-
-
4 377
income

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

-
-
-
9 955
health

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

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

-
-
-
2 935
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.

-
-
-
547
total
-
-
-
17 814
Employee

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

25 823
-
45 500
-
health

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

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

2 935
-
2 935
-
surtax

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

167
-
547
-
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.

3 036
-
9 955
-
total
6 138
-
13 437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
19 677
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.

162
375
-
-
income
2 952
6 825
-
-
trade
3 375
7 803
-
-
chamber of commerce
93
130
-
-
total
6 582
15 133
-
-
Dividends
13 096
30 367
-
-
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.

171
409
-
-
withholding
3 111
7 428
-
-
total
3 282
7 837
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 002
22 970
13 437
17 814
After tax
29 498
22 530
32 063
27 686
Living cost
19 684
19 684
19 684
19 684
Free-cash
9 814
2 846
12 379
8 002

Estimated living cost  is ₴19684 per week

₴14376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3478
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8231
₴10772
₴11427
₴13622
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 691
pensions
-
-
-
10 990
other
-
-
-
1 413
health
-
-
-
982
surtax
-
-
-
-
social contributions
-
-
-
1 296
total
-
-
-
19 372
Employee
18 389
-
36 824
-
social contributions
524
-
1 049
-
surtax
-
-
-
-
income
1 085
-
5 613
-
pensions
2 079
-
1 840
-
total
3 688
-
8 502
-
Employer
18 389
-
36 824
-
other
634
-
1 270
-
social contributions
55
-
110
-
unemployment
744
-
1 491
-
pensions
3 021
-
3 227
-
health
1 287
-
2 577
-
total
5 741
-
8 675
-
Corporate
21 368
45 500
-
-
surtax
-
-
-
-
income
5 983
12 740
-
-
total
5 983
12 740
-
-
Dividends
15 385
32 760
-
-
surtax
-
-
-
-
social contributions
2 646
5 634
-
-
withholding
1 969
4 194
-
-
total
4 615
9 828
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 027
22 568
17 177
19 372
After tax
25 473
22 932
28 323
26 128
Living cost
14 701
14 701
14 701
14 701
Free-cash
10 772
8 231
13 622
11 427

Estimated living cost  is ₴14701 per week

₴9269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9688
₴12075
₴12884
₴15079
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 691
pensions
-
-
-
10 990
other
-
-
-
1 413
health
-
-
-
982
surtax
-
-
-
-
social contributions
-
-
-
1 296
total
-
-
-
19 372
Employee
16 415
-
36 824
-
social contributions
468
-
1 049
-
surtax
-
-
-
-
income
846
-
5 613
-
pensions
1 857
-
1 840
-
total
3 171
-
8 502
-
Employer
16 415
-
36 824
-
other
567
-
1 270
-
social contributions
49
-
110
-
unemployment
665
-
1 491
-
pensions
2 697
-
3 227
-
health
1 149
-
2 577
-
total
5 127
-
8 675
-
Corporate
23 959
45 500
-
-
surtax
-
-
-
-
income
6 708
12 740
-
-
total
6 708
12 740
-
-
Dividends
17 250
32 760
-
-
surtax
-
-
-
-
social contributions
2 967
5 634
-
-
withholding
2 208
4 194
-
-
total
5 175
9 828
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 181
22 568
17 177
19 372
After tax
25 319
22 932
28 323
26 128
Living cost
13 244
13 244
13 244
13 244
Free-cash
12 075
9 688
15 079
12 884

Estimated living cost  is ₴13244 per week

₴7681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18648
₴18870
₴20109
₴20058
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 176
social contributions
-
-
-
6 279
total
-
-
-
16 280
Employee
14 568
-
45 500
-
social contributions
2 011
-
6 279
-
health
1 017
-
3 176
-
income
2 430
-
6 876
-
total
5 458
-
16 331
-
Employer
14 568
-
45 500
-
total
-
-
-
-
Corporate
30 932
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%.

1 547
2 275
-
-
total
1 547
2 275
-
-
Dividends
29 385
43 225
-
-
health
2 051
3 017
-
-
social contributions
4 055
5 965
-
-
withholding
4 408
6 484
-
-
total
10 514
15 466
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 519
17 741
16 331
16 280
After tax
27 981
27 759
29 169
29 220
Living cost
9 111
9 111
9 111
9 111
Free-cash
18 870
18 648
20 058
20 109

Estimated living cost  is ₴9111 per week

₴6097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10323
₴9658
₴7691
-₴1662
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
182
income
-
-
-
7 869
pensions
-
-
-
8 417
unemployment
-
-
-
2 635
health
-
-
-
3 481
surtax
-
-
-
85
total
-
-
-
22 669
Employee
21 473
17 123
35 264
-
other
214
171
352
-
health
831
663
1 365
-
income
2 445
1 263
6 992
-
pensions
2 199
1 753
3 611
-
unemployment
644
514
1 058
-
total
6 333
4 364
13 378
-
Employer
21 473
17 123
35 264
-
accident
279
223
458
-
other
1 020
813
1 676
-
chamber of commerce
86
68
141
-
unemployment
644
514
1 058
-
surtax
85
85
85
-
pensions
2 695
2 149
4 426
-
payroll
644
514
1 058
-
health
811
647
1 333
-
total
6 264
5 013
10 235
-
Corporate
17 763
23 364
33 635
-
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.

4 441
5 841
8 409
-
total
4 441
5 841
8 409
-
Dividends
13 322
17 523
-
-
withholding
3 664
4 819
-
-
total
3 664
4 819
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 702
20 037
32 022
22 669
After tax
24 798
25 463
13 478
22 831
Living cost
15 140
15 140
15 140
15 140
Free-cash
9 658
10 323
-1 662
7 691

Estimated living cost  is ₴15140 per week

₴10098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9843
₴3399
₴5395
₴1919
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
14 908
communal

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

-
-
-
2 296
social contributions
-
-
-
7 235
total
-
-
-
24 439
Employee

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

30 735
-
35 241
-
communal

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

1 603
-
1 838
-
health

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

1 444
-
1 656
-
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.

2 305
-
2 643
-
unemployment

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

267
-
307
-
national
9 449
-
11 212
-
total
15 068
-
17 656
-
Employer

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

30 735
-
35 241
-
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.

400
-
458
-
unemployment

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

448
-
515
-
surtax
3 485
-
3 997
-
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.

2 723
-
3 122
-
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.

1 890
-
2 167
-
total
8 946
-
10 259
-
Corporate
5 819
45 500
-
-
surtax
24
182
-
-
income
1 164
9 100
-
-
total
1 188
9 282
-
-
Dividends
4 632
36 218
-
-
withholding

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

1 233
10 709
-
-
total
1 233
10 709
-
-
Income
45 500
45 500
45 500
45 500
Total tax
26 435
19 991
27 915
24 439
After tax
19 065
25 509
17 585
21 061
Living cost
15 666
15 666
15 666
15 666
Free-cash
3 399
9 843
1 919
5 395

Estimated living cost  is ₴15666 per week

₴10091
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.
₴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.
₴3960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15134
₴11711
₴9126
₴8345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
income
-
-
-
8 909
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
20 857
Employee
21 388
-
34 500
-
other
21
-
34
-
income
4 513
-
8 449
-
pensions
1 005
-
1 622
-
unemployment
332
-
535
-
total
5 871
-
10 640
-
Employer
21 388
-
34 500
-
accident
423
-
683
-
other
170
-
276
-
unemployment
1 177
-
1 897
-
pensions
5 047
-
8 142
-
total
6 817
-
10 998
-
Corporate
17 294
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.

2 595
6 825
-
-
total
2 595
6 825
-
-
Dividends
14 700
38 675
-
-
withholding
2 989
8 024
-
-
total
2 989
8 024
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 272
14 849
21 638
20 857
After tax
27 228
30 651
23 862
24 643
Living cost
15 517
15 517
15 517
15 517
Free-cash
11 711
15 134
8 345
9 126

Estimated living cost  is ₴15517 per week

₴11427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1101
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4409
₴1363
₴2353
₴4314
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
383
income
-
-
-
4 267
pensions
-
-
-
6 820
health
-
-
-
3 196
surtax
-
-
-
2 255
communal
-
-
-
2 876
total
-
-
-
19 797
Employee
32 539
-
40 642
-
health
1 448
-
1 809
-
surtax
1 994
-
2 491
-
income
3 143
-
5 426
-
pensions
2 603
-
3 252
-
total
9 188
-
12 978
-
Employer
32 539
-
40 642
-
accident
293
-
366
-
pensions
2 603
-
3 252
-
health
992
-
1 240
-
total
3 888
-
4 858
-
Corporate
9 073
45 500
-
-
surtax
95
478
-
-
communal
-
3 072
-
-
income
1 361
6 825
-
-
total
1 456
10 375
-
-
Dividends
7 617
35 126
-
-
income
5 113
2 097
-
-
withholding
1 142
5 269
-
-
total
6 255
7 366
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 787
17 741
17 836
19 797
After tax
24 713
27 759
27 664
25 703
Living cost
23 350
23 350
23 350
23 350
Free-cash
1 363
4 409
4 314
2 353

Estimated living cost  is ₴23350 per week

₴17516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18969
₴17602
₴13456
₴12614
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 849
pensions
-
-
-
9 100
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 231
surtax
-
-
-
1 115
total
-
-
-
22 393
Employee
14 470
-
37 588
-
other
-
-
-
-
health
369
-
958
-
surtax
51
-
1 009
-
income
2 426
-
8 233
-
pensions
965
-
2 507
-
unemployment
1 007
-
2 616
-
total
4 818
-
15 323
-
Employer
14 470
-
37 588
-
other
-
-
-
-
unemployment
459
-
1 191
-
pensions
1 929
-
5 011
-
health
658
-
1 710
-
total
3 046
-
7 912
-
Corporate
27 984
45 500
-
-
income
7 276
11 830
-
-
total
7 276
11 830
-
-
Dividends
20 708
33 670
-
-
withholding
3 107
5 050
-
-
total
3 107
5 050
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 247
16 880
23 235
22 393
After tax
27 253
28 620
22 265
23 107
Living cost
9 651
9 651
9 651
9 651
Free-cash
17 602
18 969
12 614
13 456

Estimated living cost  is ₴9651 per week

₴5827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12342
₴11388
₴11424
₴9271
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
municipal
-
-
-
271
regional
-
-
-
686
national
-
-
-
9 843
social contributions
-
-
-
11 702
total
-
-
-
22 502
Employee
23 835
-
45 500
-
social contributions
8 037
-
15 342
-
regional
321
-
612
-
municipal
126
-
241
-
national
3 776
-
8 460
-
total
12 260
-
24 655
-
Employer
23 835
-
45 500
-
total
-
-
-
-
Corporate
21 665
45 500
-
-
nationa
5 200
10 920
-
-
municipal
1 077
2 261
-
-
total
6 277
13 181
-
-
Dividends
15 389
32 319
-
-
withholding
4 001
8 403
-
-
total
4 001
8 403
-
-
Income
45 500
45 500
45 500
45 500
Total tax
22 538
21 584
24 655
22 502
After tax
22 962
23 916
20 845
22 998
Living cost
11 574
11 574
11 574
11 574
Free-cash
11 388
12 342
9 271
11 424

Estimated living cost  is ₴11574 per week

₴7198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18666
₴14148
₴9499
₴10428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 143
solidarity contribution
-
-
-
-
social contributions
-
-
-
13 286
total
-
-
-
23 340
Employee
18 619
-
33 955
-
social contributions
1 210
-
2 207
-
health
2 514
-
4 584
-
solidarity contribution
-
-
-
-
income
2 234
-
4 075
-
total
5 958
-
10 866
-
Employer
18 619
-
33 955
-
social contributions
4 655
-
8 489
-
health
1 676
-
3 056
-
total
6 331
-
11 545
-
Corporate
20 550
45 500
-
-
income
3 905
8 645
-
-
total
3 905
8 645
-
-
Dividends
16 646
36 855
-
-
withholding
2 497
5 528
-
-
total
2 497
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 691
14 173
22 411
23 340
After tax
26 809
31 327
23 089
22 160
Living cost
12 661
12 661
12 661
12 661
Free-cash
14 148
18 666
10 428
9 499

Estimated living cost  is ₴12661 per week

₴9416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11802
₴11590
₴9208
-₴215
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
182
income
-
-
-
7 869
pensions
-
-
-
8 417
unemployment
-
-
-
2 635
health
-
-
-
3 481
surtax
-
-
-
-
total
-
-
-
22 584
Employee
18 782
17 123
35 332
-
other
188
171
353
-
health
727
663
1 367
-
income
1 673
1 263
7 016
-
pensions
1 923
1 753
3 618
-
unemployment
563
514
1 060
-
total
5 074
4 364
13 414
-
Employer
18 782
17 123
35 332
-
accident
244
223
459
-
other
892
813
1 678
-
chamber of commerce
75
68
141
-
unemployment
563
514
1 060
-
surtax
-
-
-
-
pensions
2 357
2 149
4 434
-
payroll
563
514
1 060
-
health
710
647
1 336
-
total
5 404
4 928
10 168
-
Corporate
21 313
23 449
33 701
-
income

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

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

5 328
5 862
8 425
-
total
5 328
5 862
8 425
-
Dividends
15 985
17 587
-
-
withholding
4 396
4 836
-
-
total
4 396
4 836
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 202
19 990
32 007
22 584
After tax
25 298
25 510
13 493
22 916
Living cost
13 708
13 708
13 708
13 708
Free-cash
11 590
11 802
-215
9 208

Estimated living cost  is ₴13708 per week

₴8223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
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.
₴3840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37159
₴36021
₴38979
₴30334
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 582
-
45 500
-
income
1 517
-
9 100
-
total
1 517
-
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%.

37 918
45 500
-
-
total
-
-
-
-
Dividends
37 918
45 500
-
-
withholding
1 896
2 275
-
-
total
1 896
2 275
-
-
Income
45 500
45 500
45 500
45 500
Total tax
3 413
2 275
9 100
455
After tax
42 087
43 225
36 400
45 045
Living cost
6 066
6 066
6 066
6 066
Free-cash
36 021
37 159
30 334
38 979

Estimated living cost  is ₴6066 per week

₴4105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴255
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.
₴1503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19802
₴16209
₴11905
₴10602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 215
pensions
-
-
-
8 310
unemployment
-
-
-
68
health
-
-
-
4 477
total
-
-
-
22 070
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.

19 000
-
39 371
-
health
1 227
-
2 543
-
income
3 277
-
8 544
-
pensions
2 945
-
6 102
-
unemployment
27
-
55
-
total
7 476
-
17 244
-
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.

19 000
-
39 371
-
unemployment
11
-
24
-
pensions
1 681
-
3 484
-
health
1 265
-
2 621
-
total
2 957
-
6 129
-
Corporate
23 542
45 500
-
-
income
4 473
8 645
-
-
total
4 473
8 645
-
-
Dividends
19 068
36 855
-
-
withholding
2 860
5 528
-
-
total
2 860
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 766
14 173
23 373
22 070
After tax
27 734
31 327
22 127
23 430
Living cost
11 525
11 525
11 525
11 525
Free-cash
16 209
19 802
10 602
11 905

Estimated living cost  is ₴11525 per week

₴7909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9048
-₴18893
₴12810
₴21185
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
26 719
-
-
-
social contributions
2 191
-
312
-
income
5 894
-
-
-
total
8 085
-
312
-
Employer
26 719
-
-
-
social contributions
37 674
-
5 369
-
total
37 674
-
5 369
-
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
45 759
17 818
5 681
14 056
After tax
-259
27 682
39 819
31 444
Living cost
18 634
18 634
18 634
18 634
Free-cash
-18 893
9 048
21 185
12 810

Estimated living cost  is ₴18634 per week

₴12091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
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.
₴4554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12404
₴11972
₴11847
₴9379
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 365
surtax
-
-
-
-
social contributions

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

-
-
-
15 811
total
-
-
-
20 176
Employee
19 762
-
36 767
-
social contributions
2 174
-
4 044
-
surtax
-
-
-
-
income
4 110
-
9 868
-
total
6 284
-
13 912
-
Employer
19 762
-
36 767
-
social contributions
4 693
-
8 732
-
total
4 693
-
8 732
-
Corporate
21 045
45 500
-
-
surtax
-
-
-
-
income
4 419
9 555
-
-
total
4 419
9 555
-
-
Dividends
16 626
35 945
-
-
withholding
4 655
10 064
-
-
total
4 655
10 064
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 051
19 619
22 644
20 176
After tax
25 449
25 881
22 856
25 324
Living cost
13 477
13 477
13 477
13 477
Free-cash
11 972
12 404
9 379
11 847

Estimated living cost  is ₴13477 per week

₴10084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2179
₴5132
₴5375
₴7570
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 691
pensions
-
-
-
10 990
other
-
-
-
1 413
health
-
-
-
982
surtax
-
-
-
-
social contributions
-
-
-
1 296
total
-
-
-
19 372
Employee
26 911
-
36 824
-
social contributions
766
-
1 049
-
surtax
-
-
-
-
income
2 348
-
5 613
-
pensions
3 044
-
1 840
-
total
6 158
-
8 502
-
Employer
26 911
-
36 824
-
other
929
-
1 270
-
social contributions
81
-
110
-
unemployment
1 090
-
1 491
-
pensions
4 422
-
3 227
-
health
1 884
-
2 577
-
total
8 406
-
8 675
-
Corporate
10 184
45 500
-
-
surtax
-
-
-
-
income
2 851
12 740
-
-
total
2 851
12 740
-
-
Dividends
7 332
32 760
-
-
surtax
-
-
-
-
social contributions
1 261
5 634
-
-
withholding
939
4 194
-
-
total
2 200
9 828
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 615
22 568
17 177
19 372
After tax
25 885
22 932
28 323
26 128
Living cost
20 753
20 753
20 753
20 753
Free-cash
5 132
2 179
7 570
5 375

Estimated living cost  is ₴20753 per week

₴14045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
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.
₴4725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28034
₴26591
₴21634
₴22844
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
940
social contributions
-
-
-
10 010
total
-
-
-
10 950
Employee
13 814
-
39 394
-
income
-
-
1 074
-
social contributions
898
-
2 560
-
total
898
-
3 634
-
Employer
13 814
-
39 394
-
social contributions
2 141
-
6 106
-
total
2 141
-
6 106
-
Corporate
29 545
45 500
-
-
income
2 954
4 550
-
-
total
2 954
4 550
-
-
Dividends
26 591
40 950
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
5 993
4 550
9 740
10 950
After tax
39 507
40 950
35 760
34 550
Living cost
12 916
12 916
12 916
12 916
Free-cash
26 591
28 034
22 844
21 634

Estimated living cost  is ₴12916 per week

₴8351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴48114
-₴48114
₴7379
-₴48114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
municipal
-
-
-
8 582
pensions
-
-
-
372
national
-
-
-
4 864
labour market
-
-
-
3 610
total
-
-
-
17 428
Employee
87 338
87 338
87 338
-
labour market
6 977
6 977
6 977
-
national
10 670
10 670
10 670
-
municipal
18 598
18 598
18 598
-
pensions
124
124
124
-
total
36 369
36 369
36 369
-
Employer
87 338
87 338
87 338
-
labour market
6 987
6 987
6 987
-
municipal
18 628
18 628
18 628
-
pensions
248
248
248
-
national
10 689
10 689
10 689
-
total
36 552
36 552
36 552
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
72 921
72 921
72 921
17 428
After tax
-27 421
-27 421
-27 421
28 072
Living cost
20 693
20 693
20 693
20 693
Free-cash
-48 114
-48 114
-48 114
7 379

Estimated living cost  is ₴20693 per week

₴14162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5604
₴2262
₴21922
₴14372
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
11 303
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
14 288
Employee
14 614
-
39 164
-
health
1 673
-
4 484
-
income
2 005
-
7 749
-
pensions
1 646
-
3 270
-
total
5 324
-
15 503
-
Employer
14 614
-
39 164
-
accident
244
-
654
-
unemployment
358
-
959
-
pensions
2 376
-
4 722
-
total
2 978
-
6 335
-
Corporate
27 907
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.

25 116
40 950
-
-
total
25 116
40 950
-
-
Dividends
2 791
4 550
-
-
withholding
530
864
-
-
total
530
864
-
-
Income
45 500
45 500
45 500
45 500
Total tax
33 948
41 814
21 838
14 288
After tax
11 552
3 686
23 662
31 212
Living cost
9 290
9 290
9 290
9 290
Free-cash
2 262
-5 604
14 372
21 922

Estimated living cost  is ₴9290 per week

₴6762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴530
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13563
₴12891
₴15531
₴9262
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
municipal
-
-
-
8 096
health
-
-
-
521
national
-
-
-
4 856
total
-
-
-
13 473
Employee
22 606
-
38 277
-
health
169
-
410
-
municipal
3 703
-
6 247
-
pensions
1 526
-
2 584
-
unemployment
339
-
574
-
national
373
-
2 705
-
total
6 110
-
12 520
-
Employer
22 606
-
38 277
-
accident
23
-
38
-
unemployment
147
-
249
-
pensions
3 922
-
6 641
-
health
174
-
294
-
total
4 266
-
7 222
-
Corporate
18 629
45 500
-
-
income
3 725
9 100
-
-
total
3 725
9 100
-
-
Dividends

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

11 177
27 300
-
-
national
-
1 427
-
-
municipal
2 012
4 914
-
-
total
2 012
6 341
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 113
15 441
19 742
13 473
After tax
29 387
30 059
25 758
32 027
Living cost
16 496
16 496
16 496
16 496
Free-cash
12 891
13 563
9 262
15 531

Estimated living cost  is ₴16496 per week

₴10775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23343
₴21006
₴22086
₴21938
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 354
health
-
-
-
1 160
social contributions
-
-
-
6 952
total
-
-
-
13 466
Employee
33 040
33 040
41 307
-
social contributions
1 249
2 742
3 429
-
health
256
562
702
-
income
3 597
3 059
5 290
-
total
5 102
6 363
9 421
-
Employer
33 040
33 040
41 307
-
social contributions
1 249
2 742
3 429
-
health
278
612
764
-
total
1 527
3 354
4 193
-
Corporate
28 922
9 106
-
-
income
3 615
1 138
-
-
total
3 615
1 138
-
-
Dividends
25 307
7 968
-
-
withholding
4 302
1 354
-
-
total
4 302
1 354
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 546
12 209
13 614
13 466
After tax
30 954
33 291
31 886
32 034
Living cost
9 948
9 948
9 948
9 948
Free-cash
21 006
23 343
21 938
22 086

Estimated living cost  is ₴9948 per week

₴5962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30857
₴28671
₴29998
₴21380
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 380
pensions
-
-
-
2 733
unemployment
-
-
-
12
health
-
-
-
1 555
total
-
-
-
8 680
Employee

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

9 862
-
41 301
-
health
838
-
3 465
-
income
674
-
3 315
-
pensions
1 479
-
6 115
-
unemployment
49
-
204
-
total
3 040
-
13 099
-
Employer

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

9 862
-
41 301
-
unemployment
49
-
204
-
pensions
542
-
2 242
-
health
424
-
1 753
-
total
1 015
-
4 199
-
Corporate
34 622
45 500
-
-
income
3 116
4 095
-
-
total
3 116
4 095
-
-
Dividends
31 506
41 405
-
-
withholding
2 836
3 726
-
-
total
2 836
3 726
-
-
Income
45 500
45 500
45 500
45 500
Total tax
10 007
7 821
17 298
8 680
After tax
35 493
37 679
28 202
36 820
Living cost
6 822
6 822
6 822
6 822
Free-cash
28 671
30 857
21 380
29 998

Estimated living cost  is ₴6822 per week

₴4353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
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.
₴1774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18835
₴16582
₴12827
₴12046
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
income
-
-
-
8 909
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
20 857
Employee
15 888
-
34 500
-
other
15
-
34
-
income
3 063
-
8 449
-
pensions
747
-
1 622
-
unemployment
246
-
535
-
total
4 071
-
10 640
-
Employer
15 888
-
34 500
-
accident
315
-
683
-
other
127
-
276
-
unemployment
874
-
1 897
-
pensions
3 749
-
8 142
-
total
5 065
-
10 998
-
Corporate
24 547
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.

3 682
6 825
-
-
total
3 682
6 825
-
-
Dividends
20 865
38 675
-
-
withholding
4 284
8 024
-
-
total
4 284
8 024
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 102
14 849
21 638
20 857
After tax
28 398
30 651
23 862
24 643
Living cost
11 816
11 816
11 816
11 816
Free-cash
16 582
18 835
12 046
12 827

Estimated living cost  is ₴11816 per week

₴7975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27215
₴27021
₴27707
₴27623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 136
pensions
-
-
-
858
health
-
-
-
622
total
-
-
-
16 616
Employee
1 792
-
44 535
-
health
90
-
215
-
income
347
-
15 090
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
616
-
15 734
-
Employer
1 792
-
44 535
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
408
-
total
403
-
966
-
Corporate
43 305
45 500
-
-
income
9 527
10 010
-
-
total
9 527
10 010
-
-
Dividends
33 778
35 490
-
-
withholding
6 756
7 098
-
-
total
6 756
7 098
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 302
17 108
16 700
16 616
After tax
28 198
28 392
28 800
28 884
Living cost
1 177
1 177
1 177
1 177
Free-cash
27 021
27 215
27 623
27 707

Estimated living cost  is ₴1177 per week

₴699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴25444
₴23330
₴16949
₴16949
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 120
pensions
-
-
-
8 255
unemployment
-
-
-
476
health
-
-
-
3 270
total
-
-
-
21 121
Employee

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

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

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

11 204
-
39 816
-
health
577
-
1 635
-
income
1 544
-
9 120
-
pensions
1 569
-
4 445
-
unemployment
84
-
238
-
total
3 774
-
15 438
-
Employer

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

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

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

11 204
-
39 816
-
unemployment
84
-
238
-
pensions
1 344
-
3 810
-
health
577
-
1 635
-
total
2 005
-
5 683
-
Corporate
32 290
45 500
-
-
income
4 844
6 825
-
-
total
4 844
6 825
-
-
Dividends
27 447
38 675
-
-
withholding
4 117
5 801
-
-
total
4 117
5 801
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 740
12 626
21 121
21 121
After tax
30 760
32 874
24 379
24 379
Living cost
7 430
7 430
7 430
7 430
Free-cash
23 330
25 444
16 949
16 949

Estimated living cost  is ₴7430 per week

₴5003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14297
₴14142
₴13740
₴11272
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 365
surtax
-
-
-
-
social contributions

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

-
-
-
15 811
total
-
-
-
20 176
Employee
16 677
-
36 767
-
social contributions
1 835
-
4 044
-
surtax
-
-
-
-
income
3 258
-
9 868
-
total
5 093
-
13 912
-
Employer
16 677
-
36 767
-
social contributions
3 960
-
8 732
-
total
3 960
-
8 732
-
Corporate
24 863
45 500
-
-
surtax
-
-
-
-
income
5 221
9 555
-
-
total
5 221
9 555
-
-
Dividends
19 642
35 945
-
-
withholding
5 500
10 064
-
-
total
5 500
10 064
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 774
19 619
22 644
20 176
After tax
25 726
25 881
22 856
25 324
Living cost
11 584
11 584
11 584
11 584
Free-cash
14 142
14 297
11 272
13 740

Estimated living cost  is ₴11584 per week

₴8204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15550
₴12275
₴9542
₴8761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
income
-
-
-
8 909
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
20 857
Employee
20 751
-
34 500
-
other
20
-
34
-
income
4 334
-
8 449
-
pensions
975
-
1 622
-
unemployment
321
-
535
-
total
5 650
-
10 640
-
Employer
20 751
-
34 500
-
accident
411
-
683
-
other
166
-
276
-
unemployment
1 142
-
1 897
-
pensions
4 897
-
8 142
-
total
6 616
-
10 998
-
Corporate
18 133
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.

2 720
6 825
-
-
total
2 720
6 825
-
-
Dividends
15 413
38 675
-
-
withholding
3 138
8 024
-
-
total
3 138
8 024
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 124
14 849
21 638
20 857
After tax
27 376
30 651
23 862
24 643
Living cost
15 101
15 101
15 101
15 101
Free-cash
12 275
15 550
8 761
9 542

Estimated living cost  is ₴15101 per week

₴10845
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31513
₴28894
₴27278
₴28738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
10 832
Employee
9 786
-
42 556
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
979
-
4 255
-
pensions

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

859
-
1 318
-
total
2 396
-
6 428
-
Employer
9 786
-
42 556
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 654
-
health
675
-
1 035
-
total
1 920
-
2 944
-
Corporate
33 794
45 500
-
-
income
3 379
4 550
-
-
total
3 379
4 550
-
-
Dividends
30 415
40 950
-
-
withholding
1 521
2 047
-
-
total
1 521
2 047
-
-
Income
45 500
45 500
45 500
45 500
Total tax
9 216
6 597
9 372
10 832
After tax
36 284
38 903
36 128
34 668
Living cost
7 390
7 390
7 390
7 390
Free-cash
28 894
31 513
28 738
27 278

Estimated living cost  is ₴7390 per week

₴4888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6877
₴12500
₴11811
₴15474
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
trade
-
-
-
3 663
income

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

-
-
-
9 955
health

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

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

-
-
-
2 935
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.

-
-
-
547
total
-
-
-
17 100
Employee

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

21 379
-
45 500
-
health

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

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

2 935
-
2 935
-
surtax

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

97
-
547
-
income

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

1 758
-
9 955
-
total
4 790
-
13 437
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
24 121
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.

199
375
-
-
income
3 618
6 825
-
-
trade
3 461
6 530
-
-
chamber of commerce
100
132
-
-
total
7 378
13 862
-
-
Dividends
16 743
31 638
-
-
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.

221
426
-
-
withholding
4 022
7 746
-
-
total
4 243
8 172
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 411
22 034
13 437
17 100
After tax
29 089
23 466
32 063
28 400
Living cost
16 589
16 589
16 589
16 589
Free-cash
12 500
6 877
15 474
11 811

Estimated living cost  is ₴16589 per week

₴11443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
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.
₴3120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7375
₴8323
₴5826
₴5826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 098
social contributions
-
-
-
4 100
total
-
-
-
15 198
Employee
33 610
-
45 500
-
income
6 342
-
11 098
-
social contributions
2 792
-
4 100
-
total
9 134
-
15 198
-
Employer
33 610
-
45 500
-
total
-
-
-
-
Corporate
11 890
45 500
-
-
income
1 486
5 687
-
-
total
1 486
5 687
-
-
Dividends
10 404
39 813
-
-
withholding
2 081
7 962
-
-
total
2 081
7 962
-
-
Income
45 500
45 500
45 500
45 500
Total tax
12 701
13 649
15 198
15 198
After tax
32 799
31 851
30 302
30 302
Living cost
24 476
24 476
24 476
24 476
Free-cash
8 323
7 375
5 826
5 826

Estimated living cost  is ₴24476 per week

₴18621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
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.
₴3627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11708
₴13209
₴14793
₴17860
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 231
health

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

-
-
-
2 879
total
-
-
-
15 110
Employee
19 711
-
43 524
-
income
2 139
-
8 091
-
social contributions
1 975
-
1 976
-
total
4 114
-
10 067
-
Employer
19 711
-
43 524
-
social contributions
1 975
-
1 976
-
total
1 975
-
1 976
-
Corporate
23 814
45 500
-
-
income
8 335
15 925
-
-
total
8 335
15 925
-
-
Dividends
15 479
29 575
-
-
social contributions
2 270
2 270
-
-
total
2 270
2 270
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 694
18 195
12 043
15 110
After tax
28 806
27 305
33 457
30 390
Living cost
15 597
15 597
15 597
15 597
Free-cash
13 209
11 708
17 860
14 793

Estimated living cost  is ₴15597 per week

₴10274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1230
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.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17088
₴15730
₴16493
₴12460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
9 808
pensions
-
-
-
3 259
total
-
-
-
13 067
Employee
21 880
-
40 025
-
health
285
-
658
-
income
3 984
-
7 120
-
pensions
1 670
-
3 847
-
total
5 939
-
11 625
-
Employer
21 880
-
40 025
-
pensions
2 211
-
4 714
-
health
416
-
761
-
total
2 627
-
5 475
-
Corporate
20 994
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.

3 989
8 645
-
-
total
3 989
8 645
-
-
Dividends
17 005
36 855
-
-
withholding
1 275
3 827
-
-
total
1 275
3 827
-
-
Income
45 500
45 500
45 500
45 500
Total tax
13 830
12 472
17 100
13 067
After tax
31 670
33 028
28 400
32 433
Living cost
15 940
15 940
15 940
15 940
Free-cash
15 730
17 088
12 460
16 493

Estimated living cost  is ₴15940 per week

₴10935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3339
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6524
₴2122
₴21002
₴13452
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
11 303
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
14 288
Employee
16 061
-
39 164
-
health
1 839
-
4 484
-
income
2 203
-
7 749
-
pensions
1 808
-
3 270
-
total
5 850
-
15 503
-
Employer
16 061
-
39 164
-
accident
268
-
654
-
unemployment
393
-
959
-
pensions
2 611
-
4 722
-
total
3 272
-
6 335
-
Corporate
26 166
45 500
-
-
income

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

23 549
40 950
-
-
total
23 549
40 950
-
-
Dividends
2 617
4 550
-
-
withholding
497
864
-
-
total
497
864
-
-
Income
45 500
45 500
45 500
45 500
Total tax
33 168
41 814
21 838
14 288
After tax
12 332
3 686
23 662
31 212
Living cost
10 210
10 210
10 210
10 210
Free-cash
2 122
-6 524
13 452
21 002

Estimated living cost  is ₴10210 per week

₴7493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴595
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32485
₴30785
₴20139
₴23205
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
228
health insurance
-
-
-
3 367
income
-
-
-
7 045
pensions
-
-
-
8 372
unemployment
-
-
-
546
total
-
-
-
19 558
Employee

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

9 285
-
45 500
-
work injury
46
-
172
-
income
928
-
7 045
-
pensions
1 708
-
6 321
-
health insurance
687
-
2 542
-
unemployment
111
-
412
-
total
3 480
-
16 492
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 215
45 500
-
-
income

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

-
455
-
-
total
-
455
-
-
Dividends
36 215
45 045
-
-
withholding
5 432
6 757
-
-
total
5 432
6 757
-
-
Income
45 500
45 500
45 500
45 500
Total tax
8 912
7 212
16 492
19 558
After tax
36 588
38 288
29 008
25 942
Living cost
5 803
5 803
5 803
5 803
Free-cash
30 785
32 485
23 205
20 139

Estimated living cost  is ₴5803 per week

₴3595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴6850
₴4894
₴5602
₴3520
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
municipal
-
-
-
304
regional
-
-
-
932
national
-
-
-
9 843
social contributions
-
-
-
11 702
total
-
-
-
22 781
Employee
36 207
-
45 500
-
social contributions
12 209
-
15 342
-
regional
547
-
789
-
municipal
216
-
272
-
national
6 119
-
8 460
-
total
19 091
-
24 863
-
Employer
36 207
-
45 500
-
total
-
-
-
-
Corporate
9 293
45 500
-
-
nationa
2 230
10 920
-
-
municipal
448
2 193
-
-
total
2 678
13 113
-
-
Dividends
6 615
32 387
-
-
withholding
1 720
8 420
-
-
total
1 720
8 420
-
-
Income
45 500
45 500
45 500
45 500
Total tax
23 489
21 533
24 863
22 781
After tax
22 011
23 967
20 637
22 719
Living cost
17 117
17 117
17 117
17 117
Free-cash
4 894
6 850
3 520
5 602

Estimated living cost  is ₴17117 per week

₴12024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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