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
₴7944
₴17803
₴14281
₴13450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
income

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

-
-
-
8 742
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.

-
-
-
481
health

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

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

-
-
-
3 400
trade
-
-
-
3 522
total
-
-
-
16 145
Employee

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

19 035
-
45 500
-
surtax

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

29
-
481
-
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.

532
-
8 742
-
health

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

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

3 400
-
3 400
-
total
3 961
-
12 623
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 465
45 500
-
-
income
3 969
6 825
-
-
surtax

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

218
375
-
-
chamber of commerce
113
141
-
-
trade
4 168
7 166
-
-
total
8 468
14 507
-
-
Dividends
17 996
30 993
-
-
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.

237
416
-
-
withholding
4 310
7 559
-
-
total
4 547
7 975
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 976
22 482
12 623
16 145
After tax
28 524
23 018
32 877
29 355
Living cost
15 074
15 074
15 074
15 074
Free-cash
13 450
7 944
17 803
14 281

Estimated living cost  is ₴15074 per week

₴9482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1758
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1895
₴1543
₴1186
₴697
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
social contributions
-
-
-
489
municipal
-
-
-
4 655
national
-
-
-
7 213
pensions
-
-
-
5 460
total
-
-
-
17 817
Employee
41 075
-
39 334
-
municipal
5 073
-
4 831
-
pensions
1 643
-
1 573
-
national
7 862
-
7 486
-
total
14 578
-
13 890
-
Employer
41 075
-
39 334
-
pensions
3 286
-
3 147
-
social contributions
442
-
423
-
total
3 728
-
3 570
-
Corporate
-
45 500
-
-
income

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

-
9 100
-
-
total
-
9 100
-
-
Dividends
-
36 400
-
-
withholding
-
8 008
-
-
total
-
8 008
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 306
17 108
17 460
17 817
After tax
27 194
28 392
28 040
27 683
Living cost
26 497
26 497
26 497
26 497
Free-cash
697
1 895
1 543
1 186

Estimated living cost  is ₴26497 per week

₴18010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26046
₴15340
₴13985
₴21963
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
45 500
income
-
-
-
6 533
surtax
-
-
-
-
social contributions

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

-
-
-
14 628
microenterprise
-
-
-
-
total
-
-
-
21 161
Employee
14 542
-
36 667
-
surtax
-
-
-
-
social contributions

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

1 600
-
4 034
-
income
2 589
-
6 939
-
total
4 189
-
10 973
-
Employer
14 542
-
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.

3 503
-
8 833
-
surtax
-
-
-
-
total
3 503
-
8 833
-
Corporate
27 455
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%.

5 491
9 100
-
-
total
5 491
9 100
-
-
Dividends

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

21 964
36 400
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
13 183
9 100
19 806
21 161
After tax
32 317
36 400
25 694
24 339
Living cost
10 354
10 354
10 354
10 354
Free-cash
21 963
26 046
15 340
13 985

Estimated living cost  is ₴10354 per week

₴6605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴986
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1126
-₴3919
₴5003
-₴3919
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 099
health
-
-
-
5 719
pensions
-
-
-
5 831
total
-
-
-
19 649
Employee
42 499
42 499
42 499
-
pensions
7 650
5 831
7 650
-
income

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

6 956
6 956
6 956
-
health
6 523
5 549
6 523
-
total
21 129
18 336
21 129
-
Employer
42 499
42 499
42 499
-
health
2 954
2 954
2 954
-
pensions
2 958
2 958
2 958
-
unemployment
1 530
1 530
1 530
-
total
7 442
7 442
7 442
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
28 571
25 778
28 571
19 649
After tax
16 929
19 722
16 929
25 851
Living cost
20 848
20 848
20 848
20 848
Free-cash
-3 919
-1 126
-3 919
5 003

Estimated living cost  is ₴20848 per week

₴14775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4962
₴4417
₴3192
₴4516
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
87
other
-
-
-
5 063
unemployment
-
-
-
44
health
-
-
-
2 719
municipal
-
-
-
9 804
national
-
-
-
-
pensions
-
-
-
4 710
total
-
-
-
22 427
Employee
28 329
-
34 622
-
municipal
8 448
-
10 324
-
national
-
-
-
-
total
8 448
-
10 324
-
Employer
28 329
-
34 622
-
health
1 742
-
2 129
-
pensions
3 062
-
3 743
-
accident
57
-
69
-
unemployment
748
-
914
-
other
3 292
-
4 023
-
total
8 901
-
10 878
-
Corporate
8 270
45 500
-
-
income
1 819
10 010
-
-
total
1 819
10 010
-
-
Dividends
6 450
35 490
-
-
withholding
1 935
10 647
-
-
total
1 935
10 647
-
-
Income
45 500
45 500
45 500
45 500
Total tax
21 103
20 657
21 202
22 427
After tax
24 397
24 843
24 298
23 073
Living cost
19 881
19 881
19 881
19 881
Free-cash
4 516
4 962
4 417
3 192

Estimated living cost  is ₴19881 per week

₴13177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4452
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3231
₴13326
₴9647
₴10225
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
income

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

-
-
-
8 742
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.

-
-
-
481
health

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

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

-
-
-
3 400
trade
-
-
-
3 679
total
-
-
-
16 302
Employee

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

25 238
-
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.

119
-
481
-
income

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

2 168
-
8 742
-
health

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

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

3 400
-
3 400
-
total
5 687
-
12 623
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 262
45 500
-
-
income
3 039
6 825
-
-
surtax

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

167
375
-
-
chamber of commerce
105
141
-
-
trade
3 333
7 485
-
-
total
6 644
14 826
-
-
Dividends
13 618
30 674
-
-
surtax

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

177
412
-
-
withholding
3 216
7 480
-
-
total
3 393
7 892
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 724
22 718
12 623
16 302
After tax
29 776
22 782
32 877
29 198
Living cost
19 551
19 551
19 551
19 551
Free-cash
10 225
3 231
13 326
9 647

Estimated living cost  is ₴19551 per week

₴13076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2062
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17188
₴16673
₴16717
₴15122
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 382
social contributions
-
-
-
7 098
health
-
-
-
1 161
total
-
-
-
12 641
Employee
38 269
38 269
41 308
-
social contributions
1 860
3 176
3 428
-
income
4 019
3 543
4 362
-
health
381
651
703
-
total
6 260
7 370
8 493
-
Employer
38 269
38 269
41 308
-
health
415
708
764
-
social contributions
1 860
3 176
3 428
-
total
2 275
3 884
4 192
-
Corporate
20 825
3 347
-
-
income
2 603
418
-
-
total
2 603
418
-
-
Dividends
18 222
2 928
-
-
withholding
3 098
498
-
-
total
3 098
498
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 236
12 170
12 685
12 641
After tax
31 264
33 330
32 815
32 859
Living cost
16 142
16 142
16 142
16 142
Free-cash
15 122
17 188
16 673
16 717

Estimated living cost  is ₴16142 per week

₴11035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16726
₴17456
₴22601
₴16911
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 876
5 124
38 075
-
unemployment
193
77
571
-
pensions
1 288
512
3 808
-
income
1 574
626
4 655
-
health
901
359
2 665
-
total
3 956
1 574
11 699
-
Employer

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

The minimum wage is 138,000 HUF per month.

12 876
5 124
38 075
-
pensions
2 511
999
7 425
-
total
2 511
999
7 425
-
Corporate
30 114
39 376
-
-
income
2 710
3 544
-
-
total
2 710
3 544
-
-
Dividends
27 403
35 833
-
-
social contributions
5 285
6 929
-
-
withholding
5 207
6 808
-
-
total
10 492
13 737
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 669
19 854
19 124
13 979
After tax
25 831
25 646
26 376
31 521
Living cost
8 920
8 920
8 920
8 920
Free-cash
16 911
16 726
17 456
22 601

Estimated living cost  is ₴8920 per week

₴6087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴24379
₴14205
₴12367
₴21288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
6 097
health
-
-
-
5 915
pensions
-
-
-
9 100
total
-
-
-
21 112
Employee
14 118
-
34 006
-
unemployment
226
-
544
-
pensions
282
-
680
-
income
1 589
-
6 556
-
total
2 097
-
7 780
-
Employer
14 118
-
34 006
-
health
1 835
-
4 421
-
pensions
2 824
-
6 801
-
unemployment
113
-
272
-
total
4 772
-
11 494
-
Corporate
26 610
45 500
-
-
income
5 322
9 100
-
-
total
5 322
9 100
-
-
Dividends
21 288
36 400
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
12 191
9 100
19 274
21 112
After tax
33 309
36 400
26 226
24 388
Living cost
12 021
12 021
12 021
12 021
Free-cash
21 288
24 379
14 205
12 367

Estimated living cost  is ₴12021 per week

₴8245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7425
₴12076
₴20150
₴1981
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
10 722
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
14 239
Employee
17 478
-
38 356
-
pensions
1 968
-
3 853
-
income
2 398
-
6 923
-
health
2 001
-
4 392
-
total
6 367
-
15 168
-
Employer
17 478
-
38 356
-
pensions
2 842
-
5 564
-
accident
292
-
641
-
unemployment
428
-
940
-
total
3 562
-
7 145
-
Corporate
24 460
45 500
-
-
income

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

22 014
40 950
-
-
total
22 014
40 950
-
-
Dividends
2 446
4 550
-
-
withholding
465
864
-
-
total
465
864
-
-
Income
45 500
45 500
45 500
45 500
Total tax
32 408
41 814
22 313
14 239
After tax
13 092
3 686
23 187
31 261
Living cost
11 111
11 111
11 111
11 111
Free-cash
1 981
-7 425
12 076
20 150

Estimated living cost  is ₴11111 per week

₴8143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39215
₴32390
₴41035
₴38464
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
microenterprise

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

-
-
-
455
total
-
-
-
455
Employee
5 012
-
45 500
-
income
1 002
-
9 100
-
total
1 002
-
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%.

40 488
45 500
-
-
total
-
-
-
-
Dividends
40 488
45 500
-
-
withholding
2 024
2 275
-
-
total
2 024
2 275
-
-
Income
45 500
45 500
45 500
45 500
Total tax
3 026
2 275
9 100
455
After tax
42 474
43 225
36 400
45 045
Living cost
4 010
4 010
4 010
4 010
Free-cash
38 464
39 215
32 390
41 035

Estimated living cost  is ₴4010 per week

₴2485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20168
₴13408
₴11377
₴16808
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
10 920
total
-
-
-
20 862
Employee
18 070
-
36 342
-
unemployment
180
-
364
-
pensions

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

1 265
-
2 543
-
income
3 111
-
6 256
-
health
253
-
509
-
total
4 809
-
9 672
-
Employer
18 070
-
36 342
-
health
253
-
509
-
pensions

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

3 072
-
6 178
-
accident
144
-
291
-
unemployment
180
-
364
-
other
904
-
1 817
-
total
4 553
-
9 159
-
Corporate
22 876
45 500
-
-
income
4 804
9 555
-
-
total
4 804
9 555
-
-
Dividends
18 072
35 945
-
-
withholding
1 265
2 516
-
-
total
1 265
2 516
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 431
12 071
18 831
20 862
After tax
30 069
33 429
26 669
24 638
Living cost
13 261
13 261
13 261
13 261
Free-cash
16 808
20 168
13 408
11 377

Estimated living cost  is ₴13261 per week

₴9370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴895
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.
₴2782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴842
-₴4612
₴305
-₴7988
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 682
pensions
-
-
-
3 265
total
-
-
-
11 947
Employee
47 041
-
40 135
-
pensions
4 538
-
3 709
-
income
8 480
-
7 158
-
health
775
-
634
-
total
13 793
-
11 501
-
Employer
47 041
-
40 135
-
health
893
-
762
-
pensions
5 554
-
4 601
-
total
6 447
-
5 363
-
Corporate
-
45 500
-
-
income

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

-
8 645
-
-
total
-
8 645
-
-
Dividends
-
36 855
-
-
withholding
-
2 765
-
-
total
-
2 765
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 240
11 410
16 864
11 947
After tax
25 260
34 090
28 636
33 553
Living cost
33 248
33 248
33 248
33 248
Free-cash
-7 988
842
-4 612
305

Estimated living cost  is ₴33248 per week

₴24914
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴32379
₴28842
₴27510
₴30068
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
6 825
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
11 466
Employee
8 638
-
42 090
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

758
-
1 526
-
income
864
-
4 209
-
health
397
-
799
-
total
2 114
-
6 725
-
Employer
8 638
-
42 090
-
health
596
-
1 199
-
pensions

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

952
-
1 915
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
unemployment
52
-
104
-
total
1 695
-
3 409
-
Corporate
35 167
45 500
-
-
income
3 516
4 550
-
-
total
3 516
4 550
-
-
Dividends
31 650
40 950
-
-
withholding
1 583
2 047
-
-
total
1 583
2 047
-
-
Income
45 500
45 500
45 500
45 500
Total tax
8 908
6 597
10 134
11 466
After tax
36 592
38 903
35 366
34 034
Living cost
6 524
6 524
6 524
6 524
Free-cash
30 068
32 379
28 842
27 510

Estimated living cost  is ₴6524 per week

₴3809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7875
-₴10668
-₴1746
-₴8718
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 099
health
-
-
-
5 719
pensions
-
-
-
5 831
total
-
-
-
19 649
Employee
46 141
42 499
42 499
-
pensions
5 831
5 831
7 650
-
income

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

6 956
6 956
6 956
-
health
5 756
5 549
6 523
-
total
18 543
18 336
21 129
-
Employer
46 141
42 499
42 499
-
health
3 206
2 954
2 954
-
pensions
3 211
2 958
2 958
-
unemployment
1 661
1 530
1 530
-
total
8 078
7 442
7 442
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
26 621
25 778
28 571
19 649
After tax
18 879
19 722
16 929
25 851
Living cost
27 597
27 597
27 597
27 597
Free-cash
-8 718
-7 875
-10 668
-1 746

Estimated living cost  is ₴27597 per week

₴20357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19122
₴10884
₴9955
₴14768
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
3 911
social contributions
-
-
-
13 286
solidarity contribution
-
-
-
-
health
-
-
-
6 143
total
-
-
-
23 340
Employee
17 948
-
33 955
-
solidarity contribution
-
-
-
-
social contributions
1 167
-
2 207
-
income
2 154
-
4 075
-
health
2 423
-
4 584
-
total
5 744
-
10 866
-
Employer
17 948
-
33 955
-
health
1 615
-
3 056
-
social contributions
4 487
-
8 489
-
total
6 102
-
11 545
-
Corporate
21 449
45 500
-
-
income
4 075
8 645
-
-
total
4 075
8 645
-
-
Dividends
17 374
36 855
-
-
withholding
2 606
5 528
-
-
total
2 606
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 527
14 173
22 411
23 340
After tax
26 973
31 327
23 089
22 160
Living cost
12 205
12 205
12 205
12 205
Free-cash
14 768
19 122
10 884
9 955

Estimated living cost  is ₴12205 per week

₴8478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3276
₴501
₴2665
₴679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
social contributions
-
-
-
11 702
regional
-
-
-
495
municipal
-
-
-
270
national
-
-
-
9 368
total
-
-
-
21 835
Employee
44 230
-
45 500
-
municipal
234
-
241
-
national
7 664
-
7 984
-
regional
417
-
432
-
social contributions
14 914
-
15 342
-
total
23 229
-
23 999
-
Employer
44 230
-
45 500
-
total
-
-
-
-
Corporate
1 270
45 500
-
-
municipal
49
1 775
-
-
nationa
305
10 920
-
-
total
354
12 695
-
-
Dividends
916
32 805
-
-
withholding
238
8 529
-
-
total
238
8 529
-
-
Income
45 500
45 500
45 500
45 500
Total tax
23 821
21 224
23 999
21 835
After tax
21 679
24 276
21 501
23 665
Living cost
21 000
21 000
21 000
21 000
Free-cash
679
3 276
501
2 665

Estimated living cost  is ₴21000 per week

₴14639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4662
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17637
₴11990
₴12865
₴16088
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 265
other
-
-
-
-
surtax
-
-
-
945
unemployment
-
-
-
113
health
-
-
-
3 230
pensions
-
-
-
9 100
total
-
-
-
21 653
Employee
16 458
-
37 588
-
other
-
-
-
-
unemployment
1 146
-
2 616
-
pensions
1 097
-
2 507
-
surtax
54
-
844
-
income
2 759
-
7 691
-
health
420
-
959
-
total
5 476
-
14 617
-
Employer
16 458
-
37 588
-
health
749
-
1 709
-
pensions
2 194
-
5 010
-
unemployment
521
-
1 192
-
other
-
-
-
-
total
3 464
-
7 911
-
Corporate
25 578
45 500
-
-
income
6 651
11 830
-
-
total
6 651
11 830
-
-
Dividends
18 927
33 670
-
-
withholding
2 839
5 051
-
-
total
2 839
5 051
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 430
16 881
22 528
21 653
After tax
27 070
28 619
22 972
23 847
Living cost
10 982
10 982
10 982
10 982
Free-cash
16 088
17 637
11 990
12 865

Estimated living cost  is ₴10982 per week

₴6715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
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.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11376
₴5922
₴10839
₴7464
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 682
pensions
-
-
-
3 265
total
-
-
-
11 947
Employee
31 526
-
40 135
-
pensions
2 676
-
3 709
-
income
5 678
-
7 158
-
health
458
-
634
-
total
8 812
-
11 501
-
Employer
31 526
-
40 135
-
health
599
-
762
-
pensions
3 413
-
4 601
-
total
4 012
-
5 363
-
Corporate
9 963
45 500
-
-
income

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

1 893
8 645
-
-
total
1 893
8 645
-
-
Dividends
8 069
36 855
-
-
withholding
605
2 765
-
-
total
605
2 765
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 322
11 410
16 864
11 947
After tax
30 178
34 090
28 636
33 553
Living cost
22 714
22 714
22 714
22 714
Free-cash
7 464
11 376
5 922
10 839

Estimated living cost  is ₴22714 per week

₴17017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴18489
-₴3466
-₴1135
-₴4866
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
other

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

-
-
-
910
regional
-
-
-
1 431
health
-
-
-
128
city
-
-
-
479
national
-
-
-
207
pensions
-
-
-
4 185
total
-
-
-
7 340
Employee
45 985
-
40 725
-
unemployment
-
-
-
-
pensions
3 863
-
3 420
-
national
218
-
175
-
regional
1 506
-
1 221
-
city
494
-
437
-
health
104
-
92
-
total
6 185
-
5 345
-
Employer
45 985
-
40 725
-
health
104
-
92
-
pensions
3 863
-
3 420
-
unemployment
-
-
-
-
other

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

919
-
814
-
total
4 886
-
4 326
-
Corporate
-
45 500
-
-
regional
-
9 623
-
-
national
-
3 867
-
-
total
-
13 490
-
-
Dividends
-
32 009
-
-
withholding
-
11 204
-
-
total
-
11 204
-
-
Income
45 500
45 500
45 500
45 500
Total tax
11 071
24 694
9 671
7 340
After tax
34 429
20 806
35 829
38 160
Living cost
39 295
39 295
39 295
39 295
Free-cash
-4 866
-18 489
-3 466
-1 135

Estimated living cost  is ₴39295 per week

₴25553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴250
₴10078
₴6243
₴7822
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
income

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

-
-
-
8 742
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.

-
-
-
481
health

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

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

-
-
-
3 400
trade
-
-
-
3 835
total
-
-
-
16 458
Employee

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

29 909
-
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.

194
-
481
-
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.

3 517
-
8 742
-
health

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

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

3 400
-
3 400
-
total
7 111
-
12 623
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
15 591
45 500
-
-
income
2 338
6 825
-
-
surtax

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

128
375
-
-
chamber of commerce
97
140
-
-
trade
2 674
7 803
-
-
total
5 237
15 143
-
-
Dividends
10 353
30 357
-
-
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.

132
407
-
-
withholding
2 399
7 401
-
-
total
2 531
7 808
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 879
22 951
12 623
16 458
After tax
30 621
22 549
32 877
29 042
Living cost
22 799
22 799
22 799
22 799
Free-cash
7 822
-250
10 078
6 243

Estimated living cost  is ₴22799 per week

₴16651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1824
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5906
₴9109
₴9296
₴8846
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 730
other
-
-
-
1 411
surtax
-
-
-
-
social contributions
-
-
-
1 297
health
-
-
-
608
pensions
-
-
-
12 131
total
-
-
-
19 177
Employee
21 300
-
34 670
-
pensions
2 408
-
3 921
-
surtax
-
-
-
-
social contributions
607
-
988
-
income
1 257
-
3 626
-
total
4 272
-
8 535
-
Employer
21 300
-
34 670
-
health
1 491
-
2 427
-
pensions
3 499
-
5 697
-
unemployment
862
-
1 404
-
social contributions
64
-
104
-
other
735
-
1 197
-
total
6 651
-
10 829
-
Corporate
17 549
45 500
-
-
income
4 914
12 740
-
-
surtax
-
-
-
-
total
4 914
12 740
-
-
Dividends
12 635
32 760
-
-
surtax
-
-
-
-
social contributions
2 173
5 634
-
-
withholding
1 617
4 193
-
-
total
3 790
9 827
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 627
22 567
19 364
19 177
After tax
25 873
22 933
26 136
26 323
Living cost
17 027
17 027
17 027
17 027
Free-cash
8 846
5 906
9 109
9 296

Estimated living cost  is ₴17027 per week

₴10736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7593
₴10796
₴10983
₴10359
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 730
other
-
-
-
1 411
surtax
-
-
-
-
social contributions
-
-
-
1 297
health
-
-
-
608
pensions
-
-
-
12 131
total
-
-
-
19 177
Employee
19 013
-
34 670
-
pensions
2 150
-
3 921
-
surtax
-
-
-
-
social contributions
542
-
988
-
income
980
-
3 626
-
total
3 672
-
8 535
-
Employer
19 013
-
34 670
-
health
1 331
-
2 427
-
pensions
3 124
-
5 697
-
unemployment
770
-
1 404
-
social contributions
57
-
104
-
other
656
-
1 197
-
total
5 938
-
10 829
-
Corporate
20 549
45 500
-
-
income
5 753
12 740
-
-
surtax
-
-
-
-
total
5 753
12 740
-
-
Dividends
14 796
32 760
-
-
surtax
-
-
-
-
social contributions
2 544
5 634
-
-
withholding
1 894
4 193
-
-
total
4 438
9 827
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 801
22 567
19 364
19 177
After tax
25 699
22 933
26 136
26 323
Living cost
15 340
15 340
15 340
15 340
Free-cash
10 359
7 593
10 796
10 983

Estimated living cost  is ₴15340 per week

₴8897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17206
₴18967
₴18667
₴17464
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
6 825
social contributions
-
-
-
6 279
health
-
-
-
3 176
total
-
-
-
16 280
Employee
16 874
-
45 500
-
social contributions
2 329
-
6 279
-
income
2 814
-
6 525
-
health
1 178
-
3 176
-
total
6 321
-
15 980
-
Employer
16 874
-
45 500
-
total
-
-
-
-
Corporate
28 626
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%.

1 432
2 275
-
-
total
1 432
2 275
-
-
Dividends
27 194
43 225
-
-
social contributions
3 753
5 965
-
-
withholding
4 079
6 484
-
-
health
1 898
3 017
-
-
total
9 730
15 466
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 483
17 741
15 980
16 280
After tax
28 017
27 759
29 520
29 220
Living cost
10 553
10 553
10 553
10 553
Free-cash
17 464
17 206
18 967
18 667

Estimated living cost  is ₴10553 per week

₴7062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴651
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.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8041
-₴3042
₴5853
₴7274
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 880
surtax
-
-
-
98
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
182
health
-
-
-
3 481
pensions
-
-
-
8 418
total
-
-
-
22 111
Employee
24 872
19 833
35 256
-
other
248
198
352
-
unemployment
746
595
1 058
-
pensions
2 547
2 031
3 611
-
income
2 831
1 463
6 033
-
health
962
768
1 365
-
total
7 334
5 055
12 419
-
Employer
24 872
19 833
35 256
-
chamber of commerce
99
79
141
-
health
940
750
1 333
-
pensions
3 121
2 490
4 425
-
accident
323
258
458
-
unemployment
746
595
1 058
-
surtax
98
98
98
-
payroll
746
595
1 058
-
other
1 181
942
1 674
-
total
7 254
5 807
10 245
-
Corporate
13 373
19 861
33 367
-
income

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

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

3 343
4 965
8 342
-
total
3 343
4 965
8 342
-
Dividends
10 030
14 896
-
-
withholding
2 759
4 096
-
-
total
2 759
4 096
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 690
19 923
31 006
22 111
After tax
24 810
25 577
14 494
23 389
Living cost
17 536
17 536
17 536
17 536
Free-cash
7 274
8 041
-3 042
5 853

Estimated living cost  is ₴17536 per week

₴11696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7388
-₴154
₴3745
-₴462
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
communal

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

-
-
-
2 318
social contributions
-
-
-
6 868
national
-
-
-
14 423
total
-
-
-
23 609
Employee

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

35 599
-
35 241
-
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.

310
-
307
-
communal

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

1 857
-
1 838
-
pensions

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

2 670
-
2 643
-
national
10 945
-
10 804
-
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.

1 673
-
1 657
-
total
17 455
-
17 249
-
Employer

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

35 599
-
35 241
-
health

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

2 189
-
2 167
-
pensions

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

3 154
-
3 122
-
accident

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

463
-
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.

519
-
515
-
surtax
4 036
-
3 997
-
total
10 361
-
10 259
-
Corporate
-
45 500
-
-
income
-
9 100
-
-
surtax
-
182
-
-
total
-
9 282
-
-
Dividends
-
36 218
-
-
withholding

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

-
10 684
-
-
total
-
10 684
-
-
Income
45 500
45 500
45 500
45 500
Total tax
27 816
19 966
27 508
23 609
After tax
17 684
25 534
17 992
21 891
Living cost
18 146
18 146
18 146
18 146
Free-cash
-462
7 388
-154
3 745

Estimated living cost  is ₴18146 per week

₴11688
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.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12693
₴6377
₴6056
₴8729
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
410
income
-
-
-
7 822
other
-
-
-
45
unemployment
-
-
-
318
pensions
-
-
-
12 876
total
-
-
-
21 471
Employee
24 773
-
34 501
-
other
25
-
35
-
unemployment
384
-
535
-
pensions
1 164
-
1 622
-
income
5 227
-
7 960
-
total
6 800
-
10 152
-
Employer
24 773
-
34 501
-
pensions
5 846
-
8 142
-
accident
490
-
683
-
unemployment
1 363
-
1 897
-
other
197
-
276
-
total
7 896
-
10 998
-
Corporate
12 831
45 500
-
-
income

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

1 925
6 825
-
-
total
1 925
6 825
-
-
Dividends
10 906
38 675
-
-
withholding
2 177
8 009
-
-
total
2 177
8 009
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 798
14 834
21 150
21 471
After tax
26 702
30 666
24 350
24 029
Living cost
17 973
17 973
17 973
17 973
Free-cash
8 729
12 693
6 377
6 056

Estimated living cost  is ₴17973 per week

₴13235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴926
₴1653
-₴503
-₴2261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
communal
-
-
-
2 876
accident
-
-
-
383
income
-
-
-
3 426
surtax
-
-
-
2 255
health
-
-
-
3 197
pensions
-
-
-
6 820
total
-
-
-
18 957
Employee
37 688
-
40 643
-
pensions
3 015
-
3 252
-
surtax
2 310
-
2 490
-
income
3 640
-
4 393
-
health
1 677
-
1 809
-
total
10 642
-
11 944
-
Employer
37 688
-
40 643
-
health
1 149
-
1 240
-
pensions
3 015
-
3 252
-
accident
339
-
365
-
total
4 503
-
4 857
-
Corporate
3 308
45 500
-
-
communal
-
3 071
-
-
income
496
6 825
-
-
surtax
35
478
-
-
total
531
10 374
-
-
Dividends
2 778
35 125
-
-
income
4 623
1 885
-
-
withholding
416
5 269
-
-
total
5 039
7 154
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 715
17 528
16 801
18 957
After tax
24 785
27 972
28 699
26 543
Living cost
27 046
27 046
27 046
27 046
Free-cash
-2 261
926
1 653
-503

Estimated living cost  is ₴27046 per week

₴20288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1639
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.
₴4832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17441
₴11794
₴12669
₴15859
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 265
other
-
-
-
-
surtax
-
-
-
945
unemployment
-
-
-
113
health
-
-
-
3 230
pensions
-
-
-
9 100
total
-
-
-
21 653
Employee
16 760
-
37 588
-
other
-
-
-
-
unemployment
1 166
-
2 616
-
pensions
1 118
-
2 507
-
surtax
59
-
844
-
income
2 810
-
7 691
-
health
428
-
959
-
total
5 581
-
14 617
-
Employer
16 760
-
37 588
-
health
762
-
1 709
-
pensions
2 235
-
5 010
-
unemployment
532
-
1 192
-
other
-
-
-
-
total
3 529
-
7 911
-
Corporate
25 212
45 500
-
-
income
6 555
11 830
-
-
total
6 555
11 830
-
-
Dividends
18 656
33 670
-
-
withholding
2 798
5 051
-
-
total
2 798
5 051
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 463
16 881
22 528
21 653
After tax
27 037
28 619
22 972
23 847
Living cost
11 178
11 178
11 178
11 178
Free-cash
15 859
17 441
11 794
12 669

Estimated living cost  is ₴11178 per week

₴6749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10510
₴7915
₴10068
₴9404
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
social contributions
-
-
-
11 702
regional
-
-
-
686
municipal
-
-
-
270
national
-
-
-
9 368
total
-
-
-
22 026
Employee
27 607
-
45 500
-
municipal
146
-
241
-
national
4 374
-
7 984
-
regional
372
-
612
-
social contributions
9 309
-
15 342
-
total
14 201
-
24 179
-
Employer
27 607
-
45 500
-
total
-
-
-
-
Corporate
17 893
45 500
-
-
municipal
890
2 261
-
-
nationa
4 294
10 920
-
-
total
5 184
13 181
-
-
Dividends
12 709
32 319
-
-
withholding
3 305
8 403
-
-
total
3 305
8 403
-
-
Income
45 500
45 500
45 500
45 500
Total tax
22 690
21 584
24 179
22 026
After tax
22 810
23 916
21 321
23 474
Living cost
13 406
13 406
13 406
13 406
Free-cash
9 404
10 510
7 915
10 068

Estimated living cost  is ₴13406 per week

₴8337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16288
₴8050
₴7121
₴10923
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
3 911
social contributions
-
-
-
13 286
solidarity contribution
-
-
-
-
health
-
-
-
6 143
total
-
-
-
23 340
Employee
22 117
-
33 955
-
solidarity contribution
-
-
-
-
social contributions
1 438
-
2 207
-
income
2 654
-
4 075
-
health
2 986
-
4 584
-
total
7 078
-
10 866
-
Employer
22 117
-
33 955
-
health
1 990
-
3 056
-
social contributions
5 529
-
8 489
-
total
7 519
-
11 545
-
Corporate
15 863
45 500
-
-
income
3 014
8 645
-
-
total
3 014
8 645
-
-
Dividends
12 849
36 855
-
-
withholding
1 927
5 528
-
-
total
1 927
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 538
14 173
22 411
23 340
After tax
25 962
31 327
23 089
22 160
Living cost
15 039
15 039
15 039
15 039
Free-cash
10 923
16 288
8 050
7 121

Estimated living cost  is ₴15039 per week

₴11184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and 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

Source of data for Prague model

Close
Graz , Austria
₴9752
-₴1388
₴7609
₴9507
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 880
surtax
-
-
-
-
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
182
health
-
-
-
3 481
pensions
-
-
-
8 418
total
-
-
-
22 013
Employee
21 755
19 833
35 332
-
other
217
198
353
-
unemployment
653
595
1 060
-
pensions
2 228
2 031
3 618
-
income
1 938
1 463
6 082
-
health
841
768
1 368
-
total
5 877
5 055
12 481
-
Employer
21 755
19 833
35 332
-
chamber of commerce
87
79
142
-
health
823
750
1 335
-
pensions
2 730
2 490
4 434
-
accident
282
258
459
-
unemployment
653
595
1 060
-
surtax
-
-
-
-
payroll
653
595
1 060
-
other
1 033
942
1 678
-
total
6 261
5 709
10 168
-
Corporate
17 485
19 959
33 443
-
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.

4 371
4 989
8 361
-
total
4 371
4 989
8 361
-
Dividends
13 114
14 969
-
-
withholding
3 606
4 117
-
-
total
3 606
4 117
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 115
19 870
31 010
22 013
After tax
25 385
25 630
14 490
23 487
Living cost
15 878
15 878
15 878
15 878
Free-cash
9 507
9 752
-1 388
7 609

Estimated living cost  is ₴15878 per week

₴9525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36976
₴30151
₴38796
₴35805
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 811
-
45 500
-
income
1 562
-
9 100
-
total
1 562
-
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%.

37 689
45 500
-
-
total
-
-
-
-
Dividends
37 689
45 500
-
-
withholding
1 884
2 275
-
-
total
1 884
2 275
-
-
Income
45 500
45 500
45 500
45 500
Total tax
3 446
2 275
9 100
455
After tax
42 054
43 225
36 400
45 045
Living cost
6 249
6 249
6 249
6 249
Free-cash
35 805
36 976
30 151
38 796

Estimated living cost  is ₴6249 per week

₴4229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
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.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17978
₴9075
₴10379
₴13816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
45 500
income
-
-
-
8 918
unemployment
-
-
-
68
health
-
-
-
4 477
pensions
-
-
-
8 309
total
-
-
-
21 772
Employee

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

22 007
-
39 370
-
unemployment
31
-
55
-
pensions
3 411
-
6 102
-
income
3 795
-
8 245
-
health
1 421
-
2 543
-
total
8 658
-
16 945
-
Employer

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

22 007
-
39 370
-
health
1 466
-
2 623
-
pensions
1 947
-
3 484
-
unemployment
13
-
24
-
total
3 426
-
6 131
-
Corporate
20 066
45 500
-
-
income
3 813
8 645
-
-
total
3 813
8 645
-
-
Dividends
16 254
36 855
-
-
withholding
2 438
5 528
-
-
total
2 438
5 528
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 335
14 173
23 076
21 772
After tax
27 165
31 327
22 424
23 728
Living cost
13 349
13 349
13 349
13 349
Free-cash
13 816
17 978
9 075
10 379

Estimated living cost  is ₴13349 per week

₴9161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6424
₴17761
₴10186
-₴27960
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 481
-
-
-
social contributions
2 499
-
356
-
income
6 724
-
-
-
total
9 223
-
356
-
Employer
30 481
-
-
-
social contributions
42 979
-
6 125
-
total
42 979
-
6 125
-
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
52 202
17 818
6 481
14 056
After tax
-6 702
27 682
39 019
31 444
Living cost
21 258
21 258
21 258
21 258
Free-cash
-27 960
6 424
17 761
10 186

Estimated living cost  is ₴21258 per week

₴13793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1999
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10270
₴7847
₴9984
₴9769
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 094
surtax
-
-
-
-
social contributions

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

-
-
-
15 812
total
-
-
-
19 906
Employee
22 889
-
36 768
-
surtax
-
-
-
-
social contributions
2 518
-
4 044
-
income
4 761
-
9 267
-
total
7 279
-
13 311
-
Employer
22 889
-
36 768
-
social contributions
5 436
-
8 732
-
total
5 436
-
8 732
-
Corporate
17 175
45 500
-
-
income
3 607
9 555
-
-
surtax
-
-
-
-
total
3 607
9 555
-
-
Dividends
13 568
35 945
-
-
withholding
3 799
10 065
-
-
total
3 799
10 065
-
-
Income
45 500
45 500
45 500
45 500
Total tax
20 121
19 620
22 043
19 906
After tax
25 379
25 880
23 457
25 594
Living cost
15 610
15 610
15 610
15 610
Free-cash
9 769
10 270
7 847
9 984

Estimated living cost  is ₴15610 per week

₴11680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1104
₴2099
₴2286
₴2315
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 730
other
-
-
-
1 411
surtax
-
-
-
-
social contributions
-
-
-
1 297
health
-
-
-
608
pensions
-
-
-
12 131
total
-
-
-
19 177
Employee
31 170
-
34 670
-
pensions
3 526
-
3 921
-
surtax
-
-
-
-
social contributions
888
-
988
-
income
2 720
-
3 626
-
total
7 134
-
8 535
-
Employer
31 170
-
34 670
-
health
2 182
-
2 427
-
pensions
5 122
-
5 697
-
unemployment
1 263
-
1 404
-
social contributions
93
-
104
-
other
1 076
-
1 197
-
total
9 736
-
10 829
-
Corporate
4 594
45 500
-
-
income
1 286
12 740
-
-
surtax
-
-
-
-
total
1 286
12 740
-
-
Dividends
3 308
32 760
-
-
surtax
-
-
-
-
social contributions
569
5 634
-
-
withholding
423
4 193
-
-
total
992
9 827
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 148
22 567
19 364
19 177
After tax
26 352
22 933
26 136
26 323
Living cost
24 037
24 037
24 037
24 037
Free-cash
2 315
-1 104
2 099
2 286

Estimated living cost  is ₴24037 per week

₴16268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25990
₴21166
₴19889
₴24318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
641
social contributions
-
-
-
10 010
total
-
-
-
10 651
Employee
16 000
-
39 393
-
income
-
-
708
-
social contributions
1 040
-
2 560
-
total
1 040
-
3 268
-
Employer
16 000
-
39 393
-
social contributions
2 480
-
6 106
-
total
2 480
-
6 106
-
Corporate
27 020
45 500
-
-
income
2 702
4 550
-
-
total
2 702
4 550
-
-
Dividends
24 318
40 950
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
6 222
4 550
9 374
10 651
After tax
39 278
40 950
36 126
34 849
Living cost
14 960
14 960
14 960
14 960
Free-cash
24 318
25 990
21 166
19 889

Estimated living cost  is ₴14960 per week

₴9673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴62927
-₴62927
₴4479
-₴62927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
labour market
-
-
-
3 605
municipal
-
-
-
8 257
national
-
-
-
4 761
pensions
-
-
-
431
total
-
-
-
17 054
Employee
101 158
101 158
101 158
-
municipal
21 541
21 541
21 541
-
labour market
8 081
8 081
8 081
-
pensions
144
144
144
-
national
12 358
12 358
12 358
-
total
42 124
42 124
42 124
-
Employer
101 158
101 158
101 158
-
national
12 380
12 380
12 380
-
labour market
8 093
8 093
8 093
-
pensions
288
288
288
-
municipal
21 575
21 575
21 575
-
total
42 336
42 336
42 336
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
45 500
45 500
45 500
45 500
Total tax
84 460
84 460
84 460
17 054
After tax
-38 960
-38 960
-38 960
28 446
Living cost
23 967
23 967
23 967
23 967
Free-cash
-62 927
-62 927
-62 927
4 479

Estimated living cost  is ₴23967 per week

₴16403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴7261
₴12240
₴20314
₴2006
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
10 722
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
14 239
Employee
17 220
-
38 356
-
pensions
1 939
-
3 853
-
income
2 362
-
6 923
-
health
1 972
-
4 392
-
total
6 273
-
15 168
-
Employer
17 220
-
38 356
-
pensions
2 800
-
5 564
-
accident
288
-
641
-
unemployment
422
-
940
-
total
3 510
-
7 145
-
Corporate
24 771
45 500
-
-
income

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

22 293
40 950
-
-
total
22 293
40 950
-
-
Dividends
2 477
4 550
-
-
withholding
471
864
-
-
total
471
864
-
-
Income
45 500
45 500
45 500
45 500
Total tax
32 547
41 814
22 313
14 239
After tax
12 953
3 686
23 187
31 261
Living cost
10 947
10 947
10 947
10 947
Free-cash
2 006
-7 261
12 240
20 314

Estimated living cost  is ₴10947 per week

₴7968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
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.
₴2149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11472
₴7187
₴13681
₴9948
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
health
-
-
-
493
municipal
-
-
-
8 101
national
-
-
-
4 118
total
-
-
-
12 712
Employee
26 184
-
38 277
-
municipal
4 289
-
6 253
-
unemployment
393
-
574
-
pensions
1 767
-
2 584
-
national
433
-
2 190
-
health
195
-
382
-
total
7 077
-
11 983
-
Employer
26 184
-
38 277
-
health
201
-
295
-
pensions
4 543
-
6 641
-
accident
26
-
39
-
unemployment
170
-
248
-
total
4 940
-
7 223
-
Corporate
14 376
45 500
-
-
income
2 875
9 100
-
-
total
2 875
9 100
-
-
Dividends

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

8 626
27 300
-
-
municipal
1 553
4 914
-
-
national
-
907
-
-
total
1 553
5 821
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 445
14 921
19 206
12 712
After tax
29 055
30 579
26 294
32 788
Living cost
19 107
19 107
19 107
19 107
Free-cash
9 948
11 472
7 187
13 681

Estimated living cost  is ₴19107 per week

₴12481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21807
₴21292
₴21336
₴19097
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 382
social contributions
-
-
-
7 098
health
-
-
-
1 161
total
-
-
-
12 641
Employee
38 269
38 269
41 308
-
social contributions
1 447
3 176
3 428
-
income
4 167
3 543
4 362
-
health
297
651
703
-
total
5 911
7 370
8 493
-
Employer
38 269
38 269
41 308
-
health
322
708
764
-
social contributions
1 447
3 176
3 428
-
total
1 769
3 884
4 192
-
Corporate
26 298
3 347
-
-
income
3 288
418
-
-
total
3 288
418
-
-
Dividends
23 011
2 928
-
-
withholding
3 912
498
-
-
total
3 912
498
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 880
12 170
12 685
12 641
After tax
30 620
33 330
32 815
32 859
Living cost
11 523
11 523
11 523
11 523
Free-cash
19 097
21 807
21 292
21 336

Estimated living cost  is ₴11523 per week

₴6906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29776
₴20175
₴28336
₴27245
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 281
unemployment
-
-
-
14
health
-
-
-
1 801
pensions
-
-
-
3 166
total
-
-
-
9 262
Employee

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

11 423
-
41 252
-
unemployment
57
-
206
-
pensions
1 713
-
6 188
-
income
781
-
3 273
-
health
971
-
3 507
-
total
3 522
-
13 174
-
Employer

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

11 423
-
41 252
-
health
491
-
1 774
-
pensions
628
-
2 269
-
unemployment
57
-
206
-
total
1 176
-
4 249
-
Corporate
32 901
45 500
-
-
income
2 961
4 095
-
-
total
2 961
4 095
-
-
Dividends
29 940
41 405
-
-
withholding
2 694
3 727
-
-
total
2 694
3 727
-
-
Income
45 500
45 500
45 500
45 500
Total tax
10 353
7 822
17 423
9 262
After tax
35 147
37 678
28 077
36 238
Living cost
7 902
7 902
7 902
7 902
Free-cash
27 245
29 776
20 175
28 336

Estimated living cost  is ₴7902 per week

₴5041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴569
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴16981
₴10665
₴10344
₴14371
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
410
income
-
-
-
7 822
other
-
-
-
45
unemployment
-
-
-
318
pensions
-
-
-
12 876
total
-
-
-
21 471
Employee
18 402
-
34 501
-
other
18
-
35
-
unemployment
285
-
535
-
pensions
865
-
1 622
-
income
3 548
-
7 960
-
total
4 716
-
10 152
-
Employer
18 402
-
34 501
-
pensions
4 342
-
8 142
-
accident
365
-
683
-
unemployment
1 012
-
1 897
-
other
147
-
276
-
total
5 866
-
10 998
-
Corporate
21 231
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.

3 185
6 825
-
-
total
3 185
6 825
-
-
Dividends
18 047
38 675
-
-
withholding
3 677
8 009
-
-
total
3 677
8 009
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 444
14 834
21 150
21 471
After tax
28 056
30 666
24 350
24 029
Living cost
13 685
13 685
13 685
13 685
Free-cash
14 371
16 981
10 665
10 344

Estimated living cost  is ₴13685 per week

₴9237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1316
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27384
₴27903
₴27975
₴27218
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 249
health
-
-
-
533
pensions
-
-
-
735
total
-
-
-
16 517
Employee
1 535
-
44 673
-
unemployment
15
-
37
-
pensions
138
-
331
-
income
297
-
15 210
-
health
77
-
184
-
total
527
-
15 762
-
Employer
1 535
-
44 673
-
health
146
-
349
-
pensions
169
-
404
-
unemployment
31
-
74
-
total
346
-
827
-
Corporate
43 619
45 500
-
-
income
9 596
10 010
-
-
total
9 596
10 010
-
-
Dividends
34 023
35 490
-
-
withholding
6 805
7 098
-
-
total
6 805
7 098
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 274
17 108
16 589
16 517
After tax
28 226
28 392
28 911
28 983
Living cost
1 008
1 008
1 008
1 008
Free-cash
27 218
27 384
27 903
27 975

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24283
₴14976
₴14975
₴21839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
45 500
income
-
-
-
8 057
unemployment
-
-
-
551
health
-
-
-
3 781
pensions
-
-
-
9 545
total
-
-
-
21 934
Employee

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

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

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

12 954
-
38 929
-
unemployment
97
-
275
-
pensions
1 814
-
5 139
-
income
1 786
-
8 057
-
health
667
-
1 891
-
total
4 364
-
15 362
-
Employer

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

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

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

12 954
-
38 929
-
health
667
-
1 891
-
pensions
1 554
-
4 405
-
unemployment
97
-
275
-
total
2 318
-
6 571
-
Corporate
30 227
45 500
-
-
income
4 534
6 825
-
-
total
4 534
6 825
-
-
Dividends
25 693
38 675
-
-
withholding
3 854
5 801
-
-
total
3 854
5 801
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 070
12 626
21 933
21 934
After tax
30 430
32 874
23 567
23 566
Living cost
8 590
8 590
8 590
8 590
Free-cash
21 839
24 283
14 976
14 975

Estimated living cost  is ₴8590 per week

₴5784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴664
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.
₴1893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12463
₴10040
₴12177
₴12285
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 094
surtax
-
-
-
-
social contributions

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

-
-
-
15 812
total
-
-
-
19 906
Employee
19 316
-
36 768
-
surtax
-
-
-
-
social contributions
2 125
-
4 044
-
income
3 774
-
9 267
-
total
5 899
-
13 311
-
Employer
19 316
-
36 768
-
social contributions
4 587
-
8 732
-
total
4 587
-
8 732
-
Corporate
21 597
45 500
-
-
income
4 535
9 555
-
-
surtax
-
-
-
-
total
4 535
9 555
-
-
Dividends
17 062
35 945
-
-
withholding
4 777
10 065
-
-
total
4 777
10 065
-
-
Income
45 500
45 500
45 500
45 500
Total tax
19 798
19 620
22 043
19 906
After tax
25 702
25 880
23 457
25 594
Living cost
13 417
13 417
13 417
13 417
Free-cash
12 285
12 463
10 040
12 177

Estimated living cost  is ₴13417 per week

₴9503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13176
₴6860
₴6539
₴9380
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
accident
-
-
-
410
income
-
-
-
7 822
other
-
-
-
45
unemployment
-
-
-
318
pensions
-
-
-
12 876
total
-
-
-
21 471
Employee
24 035
-
34 501
-
other
24
-
35
-
unemployment
372
-
535
-
pensions
1 130
-
1 622
-
income
5 020
-
7 960
-
total
6 546
-
10 152
-
Employer
24 035
-
34 501
-
pensions
5 672
-
8 142
-
accident
476
-
683
-
unemployment
1 322
-
1 897
-
other
193
-
276
-
total
7 663
-
10 998
-
Corporate
13 801
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.

2 070
6 825
-
-
total
2 070
6 825
-
-
Dividends
11 731
38 675
-
-
withholding
2 351
8 009
-
-
total
2 351
8 009
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 630
14 834
21 150
21 471
After tax
26 870
30 666
24 350
24 029
Living cost
17 490
17 490
17 490
17 490
Free-cash
9 380
13 176
6 860
6 539

Estimated living cost  is ₴17490 per week

₴12561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30344
₴26807
₴25475
₴27311
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
income
-
-
-
6 825
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
11 466
Employee
11 334
-
42 090
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
pensions

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

995
-
1 526
-
income
1 134
-
4 209
-
health
521
-
799
-
total
2 775
-
6 725
-
Employer
11 334
-
42 090
-
health
782
-
1 199
-
pensions

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

1 249
-
1 915
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
unemployment
68
-
104
-
total
2 224
-
3 409
-
Corporate
31 943
45 500
-
-
income
3 194
4 550
-
-
total
3 194
4 550
-
-
Dividends
28 748
40 950
-
-
withholding
1 437
2 047
-
-
total
1 437
2 047
-
-
Income
45 500
45 500
45 500
45 500
Total tax
9 630
6 597
10 134
11 466
After tax
35 870
38 903
35 366
34 034
Living cost
8 559
8 559
8 559
8 559
Free-cash
27 311
30 344
26 807
25 475

Estimated living cost  is ₴8559 per week

₴5661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4272
₴13663
₴10454
₴10782
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
income

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

-
-
-
8 742
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.

-
-
-
481
health

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

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

-
-
-
3 400
trade
-
-
-
3 209
total
-
-
-
15 832
Employee

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

24 762
-
45 500
-
surtax

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

112
-
481
-
income

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

2 036
-
8 742
-
health

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

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

3 400
-
3 400
-
total
5 548
-
12 623
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 738
45 500
-
-
income
3 111
6 825
-
-
surtax

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

171
375
-
-
chamber of commerce
106
143
-
-
trade
2 976
6 529
-
-
total
6 364
13 872
-
-
Dividends
14 374
31 628
-
-
surtax

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

187
424
-
-
withholding
3 405
7 718
-
-
total
3 592
8 142
-
-
Income
45 500
45 500
45 500
45 500
Total tax
15 504
22 014
12 623
15 832
After tax
29 996
23 486
32 877
29 668
Living cost
19 214
19 214
19 214
19 214
Free-cash
10 782
4 272
13 663
10 454

Estimated living cost  is ₴19214 per week

₴13254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3501
₴3219
₴3219
₴4599
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 974
social contributions
-
-
-
3 957
total
-
-
-
13 931
Employee
38 929
-
45 500
-
income
7 346
-
9 974
-
social contributions
3 234
-
3 957
-
total
10 580
-
13 931
-
Employer
38 929
-
45 500
-
total
-
-
-
-
Corporate
6 571
45 500
-
-
income
822
5 687
-
-
total
822
5 687
-
-
Dividends
5 749
39 813
-
-
withholding
1 149
7 962
-
-
total
1 149
7 962
-
-
Income
45 500
45 500
45 500
45 500
Total tax
12 551
13 649
13 931
13 931
After tax
32 949
31 851
31 569
31 569
Living cost
28 350
28 350
28 350
28 350
Free-cash
4 599
3 501
3 219
3 219

Estimated living cost  is ₴28350 per week

₴21568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8880
₴15284
₴10251
₴11262
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
45 500
income
-
-
-
14 166
health

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

-
-
-
3 017
total
-
-
-
17 183
Employee
22 830
-
43 211
-
income
2 477
-
7 572
-
social contributions
2 287
-
2 289
-
total
4 764
-
9 861
-
Employer
22 830
-
43 211
-
social contributions
2 287
-
2 289
-
total
2 287
-
2 289
-
Corporate
20 382
45 500
-
-
income
7 134
15 925
-
-
total
7 134
15 925
-
-
Dividends
13 248
29 575
-
-
social contributions
1 987
2 629
-
-
total
1 987
2 629
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 172
18 554
12 150
17 183
After tax
29 328
26 946
33 350
28 317
Living cost
18 066
18 066
18 066
18 066
Free-cash
11 262
8 880
15 284
10 251

Estimated living cost  is ₴18066 per week

₴11900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15624
₴10170
₴15087
₴12819
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 682
pensions
-
-
-
3 265
total
-
-
-
11 947
Employee
25 347
-
40 135
-
pensions
1 935
-
3 709
-
income
4 616
-
7 158
-
health
331
-
634
-
total
6 882
-
11 501
-
Employer
25 347
-
40 135
-
health
482
-
762
-
pensions
2 561
-
4 601
-
total
3 043
-
5 363
-
Corporate
17 110
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.

3 251
8 645
-
-
total
3 251
8 645
-
-
Dividends
13 859
36 855
-
-
withholding
1 039
2 765
-
-
total
1 039
2 765
-
-
Income
45 500
45 500
45 500
45 500
Total tax
14 215
11 410
16 864
11 947
After tax
31 285
34 090
28 636
33 553
Living cost
18 466
18 466
18 466
18 466
Free-cash
12 819
15 624
10 170
15 087

Estimated living cost  is ₴18466 per week

₴12668
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.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8345
₴11156
₴19230
₴1839
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
10 722
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
14 239
Employee
18 925
-
38 356
-
pensions
2 131
-
3 853
-
income
2 596
-
6 923
-
health
2 167
-
4 392
-
total
6 894
-
15 168
-
Employer
18 925
-
38 356
-
pensions
3 077
-
5 564
-
accident
316
-
641
-
unemployment
464
-
940
-
total
3 857
-
7 145
-
Corporate
22 719
45 500
-
-
income

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

20 447
40 950
-
-
total
20 447
40 950
-
-
Dividends
2 272
4 550
-
-
withholding
432
864
-
-
total
432
864
-
-
Income
45 500
45 500
45 500
45 500
Total tax
31 630
41 814
22 313
14 239
After tax
13 870
3 686
23 187
31 261
Living cost
12 031
12 031
12 031
12 031
Free-cash
1 839
-8 345
11 156
19 230

Estimated living cost  is ₴12031 per week

₴8829
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.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31951
₴20966
₴19399
₴29531
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
45 500
income
-
-
-
6 864
unemployment
-
-
-
546
work injury
-
-
-
228
health insurance
-
-
-
3 367
pensions
-
-
-
8 372
total
-
-
-
19 377
Employee

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

10 758
-
45 500
-
health insurance
796
-
2 945
-
unemployment
129
-
478
-
work injury
54
-
199
-
pensions
1 979
-
7 324
-
income
1 076
-
6 864
-
total
4 034
-
17 810
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 742
45 500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
34 742
45 500
-
-
withholding
5 211
6 825
-
-
total
5 211
6 825
-
-
Income
45 500
45 500
45 500
45 500
Total tax
9 245
6 825
17 810
19 377
After tax
36 255
38 675
27 690
26 123
Living cost
6 724
6 724
6 724
6 724
Free-cash
29 531
31 951
20 966
19 399

Estimated living cost  is ₴6724 per week

₴4165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
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.
₴1860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₴4140
₴1350
₴3431
₴1877
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
45 500
social contributions
-
-
-
11 702
regional
-
-
-
869
municipal
-
-
-
304
national
-
-
-
9 368
total
-
-
-
22 243
Employee
41 937
-
45 500
-
municipal
250
-
271
-
national
7 087
-
7 984
-
regional
633
-
727
-
social contributions
14 141
-
15 342
-
total
22 111
-
24 324
-
Employer
41 937
-
45 500
-
total
-
-
-
-
Corporate
3 563
45 500
-
-
municipal
172
2 193
-
-
nationa
855
10 920
-
-
total
1 027
13 113
-
-
Dividends
2 536
32 387
-
-
withholding
659
8 421
-
-
total
659
8 421
-
-
Income
45 500
45 500
45 500
45 500
Total tax
23 797
21 534
24 324
22 243
After tax
21 703
23 966
21 176
23 257
Living cost
19 826
19 826
19 826
19 826
Free-cash
1 877
4 140
1 350
3 431

Estimated living cost  is ₴19826 per week

₴13927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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