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
₴ 46000
per

Your estimated
City
free-cash

Dresden , Germany
₴10244
₴14993
₴15238
₴19339
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 000
trade
-
-
-
4 101
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.

-
-
-
10 164
health

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

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

-
-
-
2 933
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.

-
-
-
559
total
-
-
-
17 757
Employee

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

16 422
-
46 000
-
health

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

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

2 933
-
2 933
-
surtax

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

25
-
559
-
income

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

459
-
10 164
-
total
3 417
-
13 656
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 578
46 000
-
-
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.

244
380
-
-
income
4 436
6 900
-
-
trade
4 659
7 245
-
-
chamber of commerce
108
131
-
-
total
9 447
14 656
-
-
Dividends
20 131
31 344
-
-
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.

268
422
-
-
withholding
4 870
7 673
-
-
total
5 138
8 095
-
-
Income
46 000
46 000
46 000
46 000
Total tax
18 002
22 751
13 656
17 757
After tax
27 998
23 249
32 344
28 243
Living cost
13 005
13 005
13 005
13 005
Free-cash
14 993
10 244
19 339
15 238

Estimated living cost  is ₴13005 per week

₴8180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1516
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.
₴3065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7040
₴6679
₴6002
₴6364
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
municipal
-
-
-
4 832
pensions
-
-
-
5 520
national
-
-
-
7 487
social contributions
-
-
-
495
total
-
-
-
18 334
Employee
33 583
-
39 767
-
municipal
4 148
-
5 010
-
pensions
1 343
-
1 591
-
national
6 428
-
7 763
-
total
11 919
-
14 364
-
Employer
33 583
-
39 767
-
social contributions
361
-
427
-
pensions
2 687
-
3 181
-
total
3 048
-
3 608
-
Corporate
7 153
46 000
-
-
income

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

1 431
9 200
-
-
total
1 431
9 200
-
-
Dividends
5 722
36 800
-
-
withholding
1 259
8 096
-
-
total
1 259
8 096
-
-
Income
46 000
46 000
46 000
46 000
Total tax
17 657
17 296
17 972
18 334
After tax
28 343
28 704
28 028
27 666
Living cost
21 664
21 664
21 664
21 664
Free-cash
6 679
7 040
6 364
6 002

Estimated living cost  is ₴21664 per week

₴14725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27868
₴24347
₴15590
₴16961
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 000
microenterprise
-
-
-
-
income
-
-
-
6 689
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.

-
-
-
14 789
total
-
-
-
21 478
Employee
12 546
-
37 070
-
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.

1 380
-
4 078
-
surtax
-
-
-
-
income
2 233
-
7 099
-
total
3 613
-
11 177
-
Employer
12 546
-
37 070
-
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.

3 022
-
8 930
-
surtax
-
-
-
-
total
3 022
-
8 930
-
Corporate
30 432
46 000
-
-
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%.

6 086
9 200
-
-
total
6 086
9 200
-
-
Dividends

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

24 346
36 800
-
-
total
-
-
-
-
Income
46 000
46 000
46 000
46 000
Total tax
12 721
9 200
20 107
21 478
After tax
33 279
36 800
25 893
24 522
Living cost
8 932
8 932
8 932
8 932
Free-cash
24 347
27 868
16 961
15 590

Estimated living cost  is ₴8932 per week

₴5699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4347
₴1716
₴8132
₴5198
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
9 558
pensions
-
-
-
5 030
health
-
-
-
5 294
total
-
-
-
19 882
Employee
36 665
36 665
39 145
-
health
5 628
4 787
4 929
-
income

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

6 001
6 001
6 001
-
pensions
6 600
5 030
5 030
-
total
18 229
15 818
15 960
-
Employer
36 665
36 665
39 145
-
unemployment
1 320
1 320
1 410
-
pensions
2 552
2 552
2 725
-
health
2 549
2 549
2 721
-
total
6 421
6 421
6 856
-
Corporate
3 364
2 914
-
-
income
673
583
-
-
total
673
583
-
-
Dividends
2 691
2 332
-
-
income
572
495
-
-
withholding
403
350
-
-
total
975
845
-
-
Income
46 000
46 000
46 000
46 000
Total tax
26 298
23 667
22 816
19 882
After tax
19 702
22 333
23 184
26 118
Living cost
17 986
17 986
17 986
17 986
Free-cash
1 716
4 347
5 198
8 132

Estimated living cost  is ₴17986 per week

₴12746
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1621
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.
₴3332
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8576
₴8205
₴8119
₴7869
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
municipal
-
-
-
10 586
accident
-
-
-
72
pensions
-
-
-
3 919
other
-
-
-
4 212
unemployment
-
-
-
36
health
-
-
-
2 262
national
-
-
-
254
total
-
-
-
21 341
Employee
23 568
-
35 002
-
municipal
7 028
-
10 438
-
national
-
-
155
-
total
7 028
-
10 593
-
Employer
23 568
-
35 002
-
accident
47
-
70
-
other
2 739
-
4 067
-
unemployment
622
-
924
-
pensions
2 548
-
3 784
-
health
1 449
-
2 153
-
total
7 405
-
10 998
-
Corporate
15 027
46 000
-
-
income
3 306
10 120
-
-
total
3 306
10 120
-
-
Dividends
11 721
35 880
-
-
withholding
3 516
10 764
-
-
total
3 516
10 764
-
-
Income
46 000
46 000
46 000
46 000
Total tax
21 255
20 884
21 591
21 341
After tax
24 745
25 116
24 409
24 659
Living cost
16 540
16 540
16 540
16 540
Free-cash
8 205
8 576
7 869
8 119

Estimated living cost  is ₴16540 per week

₴10962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3704
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6145
₴12179
₴11194
₴15477
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 000
trade
-
-
-
4 283
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.

-
-
-
10 164
health

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

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

-
-
-
2 933
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.

-
-
-
559
total
-
-
-
17 939
Employee

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

21 773
-
46 000
-
health

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

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

2 933
-
2 933
-
surtax

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

103
-
559
-
income

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

1 871
-
10 164
-
total
4 907
-
13 656
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
24 227
46 000
-
-
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.

200
380
-
-
income
3 634
6 900
-
-
trade
3 985
7 567
-
-
chamber of commerce
99
130
-
-
total
7 918
14 977
-
-
Dividends
16 309
31 023
-
-
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.

215
418
-
-
withholding
3 914
7 593
-
-
total
4 129
8 011
-
-
Income
46 000
46 000
46 000
46 000
Total tax
16 954
22 988
13 656
17 939
After tax
29 046
23 012
32 344
28 061
Living cost
16 867
16 867
16 867
16 867
Free-cash
12 179
6 145
15 477
11 194

Estimated living cost  is ₴16867 per week

₴11281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19729
₴17948
₴18449
₴18243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
5 505
health
-
-
-
1 173
social contributions
-
-
-
6 947
total
-
-
-
13 625
Employee
33 015
33 015
41 762
-
social contributions
1 604
2 740
3 466
-
health
328
561
710
-
income
3 467
3 056
5 417
-
total
5 399
6 357
9 593
-
Employer
33 015
33 015
41 762
-
social contributions
1 604
2 740
3 466
-
health
358
611
772
-
total
1 962
3 351
4 238
-
Corporate
24 712
9 634
-
-
income
3 089
1 204
-
-
total
3 089
1 204
-
-
Dividends
21 624
8 429
-
-
withholding
3 676
1 433
-
-
total
3 676
1 433
-
-
Income
46 000
46 000
46 000
46 000
Total tax
14 126
12 345
13 831
13 625
After tax
31 874
33 655
32 169
32 375
Living cost
13 926
13 926
13 926
13 926
Free-cash
17 948
19 729
18 243
18 449

Estimated living cost  is ₴13926 per week

₴9520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18126
₴18288
₴24091
₴18891
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
5 623
pensions
-
-
-
4 600
unemployment
-
-
-
690
health
-
-
-
3 220
total
-
-
-
14 133
Employee

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

The minimum wage is 138,000 HUF per month.

11 225
4 467
38 494
-
health
786
313
2 695
-
income
1 372
546
4 706
-
pensions
1 123
447
3 849
-
unemployment
168
67
577
-
total
3 449
1 373
11 827
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 225
4 467
38 494
-
pensions
2 189
871
7 506
-
total
2 189
871
7 506
-
Corporate
32 586
40 661
-
-
income
2 933
3 660
-
-
total
2 933
3 660
-
-
Dividends
29 653
37 002
-
-
social contributions
5 731
7 164
-
-
withholding
5 634
7 030
-
-
total
11 365
14 194
-
-
Income
46 000
46 000
46 000
46 000
Total tax
19 936
20 098
19 333
14 133
After tax
26 064
25 902
26 667
31 867
Living cost
7 776
7 776
7 776
7 776
Free-cash
18 288
18 126
18 891
24 091

Estimated living cost  is ₴7776 per week

₴5307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1678
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26430
₴23762
₴14286
₴16144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
6 164
pensions
-
-
-
9 200
health
-
-
-
5 980
total
-
-
-
21 344
Employee
12 180
-
34 380
-
income
1 371
-
6 628
-
pensions
244
-
688
-
unemployment
195
-
550
-
total
1 810
-
7 866
-
Employer
12 180
-
34 380
-
unemployment
98
-
275
-
pensions
2 436
-
6 876
-
health
1 583
-
4 469
-
total
4 117
-
11 620
-
Corporate
29 703
46 000
-
-
income
5 941
9 200
-
-
total
5 941
9 200
-
-
Dividends
23 762
36 800
-
-
total
-
-
-
-
Income
46 000
46 000
46 000
46 000
Total tax
11 868
9 200
19 486
21 344
After tax
34 132
36 800
26 514
24 656
Living cost
10 370
10 370
10 370
10 370
Free-cash
23 762
26 430
16 144
14 286

Estimated living cost  is ₴10370 per week

₴7113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2431
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5651
₴2287
₴22173
₴14588
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
accident
-
-
-
108
income
-
-
-
11 481
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
14 450
Employee
14 750
-
39 670
-
health
1 689
-
4 542
-
income
2 024
-
7 911
-
pensions
1 661
-
3 252
-
total
5 374
-
15 705
-
Employer
14 750
-
39 670
-
accident
246
-
662
-
unemployment
361
-
972
-
pensions
2 398
-
4 696
-
total
3 005
-
6 330
-
Corporate
28 244
46 000
-
-
income

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

25 420
41 400
-
-
total
25 420
41 400
-
-
Dividends
2 824
4 600
-
-
withholding
537
874
-
-
total
537
874
-
-
Income
46 000
46 000
46 000
46 000
Total tax
34 336
42 274
22 035
14 450
After tax
11 664
3 726
23 965
31 550
Living cost
9 377
9 377
9 377
9 377
Free-cash
2 287
-5 651
14 588
22 173

Estimated living cost  is ₴9377 per week

₴6872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39786
₴39052
₴41626
₴32886
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
46 000
microenterprise

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

-
-
-
460
total
-
-
-
460
Employee
4 892
-
46 000
-
income
978
-
9 200
-
total
978
-
9 200
-
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%.

41 108
46 000
-
-
total
-
-
-
-
Dividends
41 108
46 000
-
-
withholding
2 056
2 300
-
-
total
2 056
2 300
-
-
Income
46 000
46 000
46 000
46 000
Total tax
3 034
2 300
9 200
460
After tax
42 966
43 700
36 800
45 540
Living cost
3 914
3 914
3 914
3 914
Free-cash
39 052
39 786
32 886
41 626

Estimated living cost  is ₴3914 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22355
₴19456
₴13440
₴15343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
5 871
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.

-
-
-
11 039
other
-
-
-
2 185
health
-
-
-
2 024
total
-
-
-
21 119
Employee
15 589
-
36 741
-
health
218
-
514
-
income
2 684
-
6 505
-
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.

1 091
-
2 572
-
unemployment
156
-
367
-
total
4 149
-
9 958
-
Employer
15 589
-
36 741
-
accident
125
-
294
-
other
780
-
1 837
-
unemployment
156
-
367
-
pensions

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

2 650
-
6 246
-
health
218
-
514
-
total
3 929
-
9 258
-
Corporate
26 482
46 000
-
-
income
5 561
9 660
-
-
total
5 561
9 660
-
-
Dividends
20 921
36 340
-
-
withholding
1 464
2 544
-
-
total
1 464
2 544
-
-
Income
46 000
46 000
46 000
46 000
Total tax
15 103
12 204
19 216
21 119
After tax
30 897
33 796
26 784
24 881
Living cost
11 441
11 441
11 441
11 441
Free-cash
19 456
22 355
15 343
13 440

Estimated living cost  is ₴11441 per week

₴8083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴772
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2400
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4457
-₴497
₴3864
-₴222
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
9 948
pensions
-
-
-
3 286
total
-
-
-
13 234
Employee
40 892
-
40 462
-
health
674
-
665
-
income
7 371
-
7 223
-
pensions
3 945
-
3 894
-
total
11 990
-
11 782
-
Employer
40 892
-
40 462
-
pensions
4 828
-
4 769
-
health
777
-
769
-
total
5 605
-
5 538
-
Corporate
-
46 000
-
-
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.

-
8 740
-
-
total
-
8 740
-
-
Dividends
-
37 260
-
-
withholding
-
3 901
-
-
total
-
3 901
-
-
Income
46 000
46 000
46 000
46 000
Total tax
17 595
12 641
17 320
13 234
After tax
28 405
33 359
28 680
32 766
Living cost
28 902
28 902
28 902
28 902
Free-cash
-497
4 457
-222
3 864

Estimated living cost  is ₴28902 per week

₴21657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
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.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴33700
₴31706
₴29465
₴30949
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
6 900
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
10 905
Employee
7 454
-
43 058
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
745
-
4 306
-
pensions

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

654
-
1 317
-
total
1 824
-
6 478
-
Employer
7 454
-
43 058
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 653
-
health
515
-
1 035
-
total
1 464
-
2 943
-
Corporate
37 083
46 000
-
-
income
3 708
4 600
-
-
total
3 708
4 600
-
-
Dividends
33 375
41 400
-
-
withholding
1 669
2 070
-
-
total
1 669
2 070
-
-
Income
46 000
46 000
46 000
46 000
Total tax
8 665
6 670
9 421
10 905
After tax
37 335
39 330
36 579
35 095
Living cost
5 630
5 630
5 630
5 630
Free-cash
31 706
33 700
30 949
29 465

Estimated living cost  is ₴5630 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1475
-₴774
₴2310
-₴624
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
9 558
pensions
-
-
-
5 030
health
-
-
-
5 294
total
-
-
-
19 882
Employee
39 806
36 665
39 145
-
health
4 966
4 787
4 929
-
income

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

6 001
6 001
6 001
-
pensions
5 030
5 030
5 030
-
total
15 997
15 818
15 960
-
Employer
39 806
36 665
39 145
-
unemployment
1 433
1 320
1 410
-
pensions
2 770
2 552
2 725
-
health
2 766
2 549
2 721
-
total
6 969
6 421
6 856
-
Corporate
-
2 914
-
-
income
-
583
-
-
total
-
583
-
-
Dividends
-
2 332
-
-
income
-
495
-
-
withholding
-
350
-
-
total
-
845
-
-
Income
46 000
46 000
46 000
46 000
Total tax
22 966
23 667
22 816
19 882
After tax
23 034
22 333
23 184
26 118
Living cost
23 808
23 808
23 808
23 808
Free-cash
-774
-1 475
-624
2 310

Estimated living cost  is ₴23808 per week

₴17563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21414
₴17755
₴12147
₴13087
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
3 954
health
-
-
-
6 210
solidarity contribution
-
-
-
-
social contributions
-
-
-
13 432
total
-
-
-
23 596
Employee
15 084
-
34 328
-
social contributions
980
-
2 231
-
health
2 036
-
4 634
-
solidarity contribution
-
-
-
-
income
1 810
-
4 119
-
total
4 826
-
10 984
-
Employer
15 084
-
34 328
-
social contributions
3 771
-
8 582
-
health
1 358
-
3 090
-
total
5 129
-
11 672
-
Corporate
25 787
46 000
-
-
income
4 900
8 740
-
-
total
4 900
8 740
-
-
Dividends
20 888
37 260
-
-
withholding
3 133
5 589
-
-
total
3 133
5 589
-
-
Income
46 000
46 000
46 000
46 000
Total tax
17 988
14 329
22 656
23 596
After tax
28 012
31 671
23 344
22 404
Living cost
10 257
10 257
10 257
10 257
Free-cash
17 755
21 414
13 087
12 147

Estimated living cost  is ₴10257 per week

₴7125
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.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6426
₴4184
₴5280
₴3090
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
municipal
-
-
-
273
regional
-
-
-
513
national
-
-
-
9 986
social contributions
-
-
-
11 831
total
-
-
-
22 603
Employee
38 158
-
46 000
-
social contributions
12 867
-
15 511
-
regional
360
-
450
-
municipal
202
-
244
-
national
6 612
-
8 588
-
total
20 041
-
24 793
-
Employer
38 158
-
46 000
-
total
-
-
-
-
Corporate
7 842
46 000
-
-
nationa
1 882
11 040
-
-
municipal
306
1 794
-
-
total
2 188
12 834
-
-
Dividends
5 654
33 166
-
-
withholding
1 470
8 623
-
-
total
1 470
8 623
-
-
Income
46 000
46 000
46 000
46 000
Total tax
23 699
21 457
24 793
22 603
After tax
22 301
24 543
21 207
23 397
Living cost
18 117
18 117
18 117
18 117
Free-cash
4 184
6 426
3 090
5 280

Estimated living cost  is ₴18117 per week

₴12629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19460
₴18124
₴13801
₴12983
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
9 017
pensions
-
-
-
9 200
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 266
surtax
-
-
-
1 144
total
-
-
-
22 725
Employee
14 198
-
38 000
-
other
-
-
-
-
health
363
-
970
-
surtax
46
-
1 032
-
income
2 380
-
8 363
-
pensions
947
-
2 535
-
unemployment
988
-
2 645
-
total
4 724
-
15 545
-
Employer
14 198
-
38 000
-
other
-
-
-
-
unemployment
450
-
1 204
-
pensions
1 893
-
5 065
-
health
646
-
1 729
-
total
2 989
-
7 998
-
Corporate
28 813
46 000
-
-
income
7 491
11 960
-
-
total
7 491
11 960
-
-
Dividends
21 322
34 040
-
-
withholding
3 198
5 106
-
-
total
3 198
5 106
-
-
Income
46 000
46 000
46 000
46 000
Total tax
18 402
17 066
23 543
22 725
After tax
27 598
28 934
22 457
23 275
Living cost
9 474
9 474
9 474
9 474
Free-cash
18 124
19 460
12 983
13 801

Estimated living cost  is ₴9474 per week

₴5793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13614
₴11320
₴13021
₴8935
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
9 948
pensions
-
-
-
3 286
total
-
-
-
13 234
Employee
27 405
-
40 462
-
health
398
-
665
-
income
4 936
-
7 223
-
pensions
2 326
-
3 894
-
total
7 660
-
11 782
-
Employer
27 405
-
40 462
-
pensions
2 967
-
4 769
-
health
521
-
769
-
total
3 488
-
5 538
-
Corporate
15 108
46 000
-
-
income

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

2 870
8 740
-
-
total
2 870
8 740
-
-
Dividends
12 238
37 260
-
-
withholding
917
3 901
-
-
total
917
3 901
-
-
Income
46 000
46 000
46 000
46 000
Total tax
14 935
12 641
17 320
13 234
After tax
31 065
33 359
28 680
32 766
Living cost
19 745
19 745
19 745
19 745
Free-cash
11 320
13 614
8 935
13 021

Estimated living cost  is ₴19745 per week

₴14793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴11767
₴2266
₴5455
₴3176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
city
-
-
-
484
pensions
-
-
-
4 232
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.

-
-
-
920
regional
-
-
-
1 661
health
-
-
-
107
national
-
-
-
339
total
-
-
-
7 743
Employee
38 387
-
41 173
-
city
412
-
442
-
regional
1 257
-
1 411
-
health
87
-
93
-
pensions
3 225
-
3 458
-
unemployment
-
-
-
-
national
182
-
244
-
total
5 163
-
5 648
-
Employer
38 387
-
41 173
-
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.

768
-
823
-
unemployment
-
-
-
-
pensions
3 225
-
3 458
-
health
87
-
93
-
total
4 080
-
4 374
-
Corporate
3 111
46 000
-
-
regional
658
9 729
-
-
national
265
3 910
-
-
total
923
13 639
-
-
Dividends
2 189
32 361
-
-
withholding
766
11 326
-
-
total
766
11 326
-
-
Income
46 000
46 000
46 000
46 000
Total tax
10 932
24 965
10 022
7 743
After tax
35 068
21 035
35 978
38 257
Living cost
32 802
32 802
32 802
32 802
Free-cash
2 266
-11 767
3 176
5 455

Estimated living cost  is ₴32802 per week

₴21331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3107
₴10070
₴8209
₴12675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 000
trade
-
-
-
4 466
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.

-
-
-
10 164
health

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

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

-
-
-
2 933
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.

-
-
-
559
total
-
-
-
18 122
Employee

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

25 803
-
46 000
-
health

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

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

2 933
-
2 933
-
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
-
559
-
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.

3 034
-
10 164
-
total
6 134
-
13 656
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 197
46 000
-
-
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.

166
380
-
-
income
3 029
6 900
-
-
trade
3 464
7 889
-
-
chamber of commerce
94
130
-
-
total
6 753
15 299
-
-
Dividends
13 444
30 702
-
-
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.

176
413
-
-
withholding
3 198
7 512
-
-
total
3 374
7 925
-
-
Income
46 000
46 000
46 000
46 000
Total tax
16 261
23 224
13 656
18 122
After tax
29 739
22 776
32 344
27 878
Living cost
19 669
19 669
19 669
19 669
Free-cash
10 070
3 107
12 675
8 209

Estimated living cost  is ₴19669 per week

₴14365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8494
₴11029
₴11711
₴13857
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
4 814
pensions
-
-
-
11 027
other
-
-
-
1 428
health
-
-
-
1 020
surtax
-
-
-
-
social contributions
-
-
-
1 310
total
-
-
-
19 599
Employee
18 376
-
37 202
-
social contributions
524
-
1 060
-
surtax
-
-
-
-
income
1 084
-
5 715
-
pensions
2 078
-
1 880
-
total
3 686
-
8 655
-
Employer
18 376
-
37 202
-
other
634
-
1 283
-
social contributions
55
-
112
-
unemployment
744
-
1 507
-
pensions
3 019
-
3 291
-
health
1 287
-
2 605
-
total
5 739
-
8 798
-
Corporate
21 886
46 000
-
-
surtax
-
-
-
-
income
6 128
12 880
-
-
total
6 128
12 880
-
-
Dividends
15 758
33 120
-
-
surtax
-
-
-
-
social contributions
2 711
5 697
-
-
withholding
2 017
4 239
-
-
total
4 728
9 936
-
-
Income
46 000
46 000
46 000
46 000
Total tax
20 281
22 816
17 453
19 599
After tax
25 719
23 184
28 547
26 401
Living cost
14 690
14 690
14 690
14 690
Free-cash
11 029
8 494
13 857
11 711

Estimated living cost  is ₴14690 per week

₴9262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1194
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3983
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9950
₴12336
₴13167
₴15313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
4 814
pensions
-
-
-
11 027
other
-
-
-
1 428
health
-
-
-
1 020
surtax
-
-
-
-
social contributions
-
-
-
1 310
total
-
-
-
19 599
Employee
16 403
-
37 202
-
social contributions
468
-
1 060
-
surtax
-
-
-
-
income
846
-
5 715
-
pensions
1 855
-
1 880
-
total
3 169
-
8 655
-
Employer
16 403
-
37 202
-
other
566
-
1 283
-
social contributions
49
-
112
-
unemployment
664
-
1 507
-
pensions
2 695
-
3 291
-
health
1 148
-
2 605
-
total
5 122
-
8 798
-
Corporate
24 475
46 000
-
-
surtax
-
-
-
-
income
6 853
12 880
-
-
total
6 853
12 880
-
-
Dividends
17 621
33 120
-
-
surtax
-
-
-
-
social contributions
3 031
5 697
-
-
withholding
2 255
4 239
-
-
total
5 286
9 936
-
-
Income
46 000
46 000
46 000
46 000
Total tax
20 430
22 816
17 453
19 599
After tax
25 570
23 184
28 547
26 401
Living cost
13 234
13 234
13 234
13 234
Free-cash
12 336
9 950
15 313
13 167

Estimated living cost  is ₴13234 per week

₴7675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18960
₴19183
₴20437
₴20358
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
6 900
health
-
-
-
3 211
social contributions
-
-
-
6 348
total
-
-
-
16 459
Employee
14 558
-
46 000
-
social contributions
2 009
-
6 348
-
health
1 016
-
3 211
-
income
2 428
-
6 979
-
total
5 453
-
16 538
-
Employer
14 558
-
46 000
-
total
-
-
-
-
Corporate
31 442
46 000
-
-
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%.

1 573
2 300
-
-
total
1 573
2 300
-
-
Dividends
29 870
43 700
-
-
health
2 085
3 051
-
-
social contributions
4 122
6 030
-
-
withholding
4 480
6 555
-
-
total
10 687
15 636
-
-
Income
46 000
46 000
46 000
46 000
Total tax
17 713
17 936
16 538
16 459
After tax
28 287
28 064
29 462
29 541
Living cost
9 104
9 104
9 104
9 104
Free-cash
19 183
18 960
20 358
20 437

Estimated living cost  is ₴9104 per week

₴6093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10608
₴9940
₴7911
-₴1570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
chamber of commerce
-
-
-
184
income
-
-
-
8 029
pensions
-
-
-
8 510
unemployment
-
-
-
2 633
health
-
-
-
3 519
surtax
-
-
-
85
total
-
-
-
22 960
Employee
21 457
17 110
35 653
-
other
214
171
357
-
health
830
662
1 379
-
income
2 443
1 262
7 129
-
pensions
2 197
1 752
3 651
-
unemployment
644
513
1 070
-
total
6 328
4 360
13 586
-
Employer
21 457
17 110
35 653
-
accident
279
222
464
-
other
1 019
812
1 694
-
chamber of commerce
86
68
143
-
unemployment
644
513
1 070
-
surtax
85
85
85
-
pensions
2 693
2 148
4 475
-
payroll
644
513
1 070
-
health
811
647
1 348
-
total
6 261
5 008
10 349
-
Corporate
18 284
23 880
34 024
-
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.

4 571
5 970
8 506
-
total
4 571
5 970
8 506
-
Dividends
13 713
17 910
-
-
withholding
3 771
4 925
-
-
total
3 771
4 925
-
-
Income
46 000
46 000
46 000
46 000
Total tax
20 931
20 263
32 441
22 960
After tax
25 069
25 737
13 559
23 040
Living cost
15 129
15 129
15 129
15 129
Free-cash
9 940
10 608
-1 570
7 911

Estimated living cost  is ₴15129 per week

₴10090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
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.
₴3499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10133
₴3695
₴5576
₴2093
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
national
-
-
-
15 108
communal

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

-
-
-
2 320
social contributions
-
-
-
7 341
total
-
-
-
24 769
Employee

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

30 712
-
35 629
-
communal

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

1 602
-
1 859
-
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.

1 443
-
1 674
-
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.

2 303
-
2 672
-
unemployment

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

267
-
310
-
national
9 442
-
11 366
-
total
15 057
-
17 881
-
Employer

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

30 712
-
35 629
-
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.

399
-
463
-
unemployment

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

448
-
520
-
surtax
3 482
-
4 040
-
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.

2 721
-
3 156
-
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.

1 889
-
2 192
-
total
8 939
-
10 371
-
Corporate
6 348
46 000
-
-
surtax
25
184
-
-
income
1 269
9 200
-
-
total
1 294
9 384
-
-
Dividends
5 054
36 616
-
-
withholding

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

1 360
10 828
-
-
total
1 360
10 828
-
-
Income
46 000
46 000
46 000
46 000
Total tax
26 650
20 212
28 252
24 769
After tax
19 350
25 788
17 748
21 231
Living cost
15 655
15 655
15 655
15 655
Free-cash
3 695
10 133
2 093
5 576

Estimated living cost  is ₴15655 per week

₴10084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3957
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15481
₴12061
₴9454
₴8576
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
accident
-
-
-
359
income
-
-
-
9 100
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
21 040
Employee
21 372
-
34 880
-
other
21
-
35
-
income
4 509
-
8 583
-
pensions
1 005
-
1 639
-
unemployment
332
-
541
-
total
5 867
-
10 798
-
Employer
21 372
-
34 880
-
accident
423
-
691
-
other
170
-
279
-
unemployment
1 176
-
1 918
-
pensions
5 043
-
8 232
-
total
6 812
-
11 120
-
Corporate
17 815
46 000
-
-
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.

2 672
6 900
-
-
total
2 672
6 900
-
-
Dividends
15 143
39 100
-
-
withholding
3 082
8 113
-
-
total
3 082
8 113
-
-
Income
46 000
46 000
46 000
46 000
Total tax
18 433
15 013
21 918
21 040
After tax
27 567
30 987
24 082
24 960
Living cost
15 506
15 506
15 506
15 506
Free-cash
12 061
15 481
8 576
9 454

Estimated living cost  is ₴15506 per week

₴11418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4714
₴1638
₴2581
₴4548
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
accident
-
-
-
388
income
-
-
-
4 384
pensions
-
-
-
6 895
health
-
-
-
3 231
surtax
-
-
-
2 281
communal
-
-
-
2 907
total
-
-
-
20 086
Employee
32 515
-
41 090
-
health
1 447
-
1 828
-
surtax
1 993
-
2 518
-
income
3 141
-
5 576
-
pensions
2 601
-
3 287
-
total
9 182
-
13 209
-
Employer
32 515
-
41 090
-
accident
293
-
370
-
pensions
2 601
-
3 287
-
health
992
-
1 253
-
total
3 886
-
4 910
-
Corporate
9 601
46 000
-
-
surtax
101
483
-
-
communal
-
3 105
-
-
income
1 440
6 900
-
-
total
1 541
10 488
-
-
Dividends
8 060
35 511
-
-
income
5 211
2 138
-
-
withholding
1 209
5 327
-
-
total
6 420
7 465
-
-
Income
46 000
46 000
46 000
46 000
Total tax
21 029
17 953
18 119
20 086
After tax
24 971
28 047
27 881
25 914
Living cost
23 333
23 333
23 333
23 333
Free-cash
1 638
4 714
4 548
2 581

Estimated living cost  is ₴23333 per week

₴17503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19290
₴17924
₴13631
₴12813
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
9 017
pensions
-
-
-
9 200
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 266
surtax
-
-
-
1 144
total
-
-
-
22 725
Employee
14 459
-
38 000
-
other
-
-
-
-
health
369
-
970
-
surtax
51
-
1 032
-
income
2 424
-
8 363
-
pensions
965
-
2 535
-
unemployment
1 006
-
2 645
-
total
4 815
-
15 545
-
Employer
14 459
-
38 000
-
other
-
-
-
-
unemployment
459
-
1 204
-
pensions
1 928
-
5 065
-
health
658
-
1 729
-
total
3 045
-
7 998
-
Corporate
28 497
46 000
-
-
income
7 409
11 960
-
-
total
7 409
11 960
-
-
Dividends
21 088
34 040
-
-
withholding
3 163
5 106
-
-
total
3 163
5 106
-
-
Income
46 000
46 000
46 000
46 000
Total tax
18 432
17 066
23 543
22 725
After tax
27 568
28 934
22 457
23 275
Living cost
9 644
9 644
9 644
9 644
Free-cash
17 924
19 290
12 813
13 631

Estimated living cost  is ₴9644 per week

₴5822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12613
₴11660
₴11650
₴9472
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
municipal
-
-
-
273
regional
-
-
-
694
national
-
-
-
9 986
social contributions
-
-
-
11 831
total
-
-
-
22 784
Employee
23 817
-
46 000
-
social contributions
8 031
-
15 511
-
regional
321
-
619
-
municipal
126
-
244
-
national
3 773
-
8 588
-
total
12 251
-
24 962
-
Employer
23 817
-
46 000
-
total
-
-
-
-
Corporate
22 183
46 000
-
-
nationa
5 324
11 040
-
-
municipal
1 102
2 286
-
-
total
6 426
13 326
-
-
Dividends
15 757
32 673
-
-
withholding
4 097
8 495
-
-
total
4 097
8 495
-
-
Income
46 000
46 000
46 000
46 000
Total tax
22 774
21 821
24 962
22 784
After tax
23 226
24 179
21 038
23 216
Living cost
11 566
11 566
11 566
11 566
Free-cash
11 660
12 613
9 472
11 650

Estimated living cost  is ₴11566 per week

₴7193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19031
₴14522
₴9764
₴10704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
3 954
health
-
-
-
6 210
solidarity contribution
-
-
-
-
social contributions
-
-
-
13 432
total
-
-
-
23 596
Employee
18 588
-
34 328
-
social contributions
1 208
-
2 231
-
health
2 509
-
4 634
-
solidarity contribution
-
-
-
-
income
2 230
-
4 119
-
total
5 947
-
10 984
-
Employer
18 588
-
34 328
-
social contributions
4 647
-
8 582
-
health
1 673
-
3 090
-
total
6 320
-
11 672
-
Corporate
21 093
46 000
-
-
income
4 008
8 740
-
-
total
4 008
8 740
-
-
Dividends
17 085
37 260
-
-
withholding
2 563
5 589
-
-
total
2 563
5 589
-
-
Income
46 000
46 000
46 000
46 000
Total tax
18 838
14 329
22 656
23 596
After tax
27 162
31 671
23 344
22 404
Living cost
12 640
12 640
12 640
12 640
Free-cash
14 522
19 031
10 704
9 764

Estimated living cost  is ₴12640 per week

₴9400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12085
₴11871
₴9427
-₴121
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
chamber of commerce
-
-
-
184
income
-
-
-
8 029
pensions
-
-
-
8 510
unemployment
-
-
-
2 633
health
-
-
-
3 519
surtax
-
-
-
-
total
-
-
-
22 875
Employee
18 768
17 110
35 720
-
other
187
171
357
-
health
726
662
1 383
-
income
1 672
1 262
7 152
-
pensions
1 922
1 752
3 658
-
unemployment
563
513
1 071
-
total
5 070
4 360
13 621
-
Employer
18 768
17 110
35 720
-
accident
244
222
464
-
other
891
812
1 697
-
chamber of commerce
75
68
143
-
unemployment
563
513
1 071
-
surtax
-
-
-
-
pensions
2 356
2 148
4 483
-
payroll
563
513
1 071
-
health
710
647
1 350
-
total
5 402
4 923
10 279
-
Corporate
21 831
23 965
34 090
-
income

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

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

5 457
5 991
8 523
-
total
5 457
5 991
8 523
-
Dividends
16 373
17 974
-
-
withholding
4 502
4 943
-
-
total
4 502
4 943
-
-
Income
46 000
46 000
46 000
46 000
Total tax
20 431
20 217
32 423
22 875
After tax
25 569
25 783
13 577
23 125
Living cost
13 698
13 698
13 698
13 698
Free-cash
11 871
12 085
-121
9 427

Estimated living cost  is ₴13698 per week

₴8217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37601
₴36457
₴39441
₴30701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
46 000
microenterprise

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

-
-
-
460
total
-
-
-
460
Employee
7 624
-
46 000
-
income
1 525
-
9 200
-
total
1 525
-
9 200
-
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%.

38 376
46 000
-
-
total
-
-
-
-
Dividends
38 376
46 000
-
-
withholding
1 919
2 300
-
-
total
1 919
2 300
-
-
Income
46 000
46 000
46 000
46 000
Total tax
3 444
2 300
9 200
460
After tax
42 556
43 700
36 800
45 540
Living cost
6 099
6 099
6 099
6 099
Free-cash
36 457
37 601
30 701
39 441

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
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.
₴1511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20155
₴16564
₴12149
₴10831
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 000
income
-
-
-
9 339
pensions
-
-
-
8 400
unemployment
-
-
-
69
health
-
-
-
4 527
total
-
-
-
22 335
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.

18 986
-
39 803
-
health
1 226
-
2 571
-
income
3 274
-
8 660
-
pensions
2 943
-
6 170
-
unemployment
27
-
55
-
total
7 470
-
17 456
-
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.

18 986
-
39 803
-
unemployment
11
-
24
-
pensions
1 680
-
3 522
-
health
1 265
-
2 651
-
total
2 956
-
6 197
-
Corporate
24 058
46 000
-
-
income
4 571
8 740
-
-
total
4 571
8 740
-
-
Dividends
19 487
37 260
-
-
withholding
2 923
5 589
-
-
total
2 923
5 589
-
-
Income
46 000
46 000
46 000
46 000
Total tax
17 920
14 329
23 653
22 335
After tax
28 080
31 671
22 347
23 665
Living cost
11 516
11 516
11 516
11 516
Free-cash
16 564
20 155
10 831
12 149

Estimated living cost  is ₴11516 per week

₴7903
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9438
-₴18094
₴13242
₴21797
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
8 966
social contributions
-
-
-
5 244
total
-
-
-
14 210
Employee
26 595
-
-
-
social contributions
2 181
-
311
-
income
5 866
-
-
-
total
8 047
-
311
-
Employer
26 595
-
-
-
social contributions
37 499
-
5 344
-
total
37 499
-
5 344
-
Corporate
-
46 000
-
-
income
-
10 120
-
-
total
-
10 120
-
-
Dividends
-
35 880
-
-
income
-
7 894
-
-
total
-
7 894
-
-
Income
46 000
46 000
46 000
46 000
Total tax
45 546
18 014
5 655
14 210
After tax
454
27 986
40 345
31 790
Living cost
18 548
18 548
18 548
18 548
Free-cash
-18 094
9 438
21 797
13 242

Estimated living cost  is ₴18548 per week

₴12034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12698
₴12265
₴12111
₴9582
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 000
income
-
-
-
4 437
surtax
-
-
-
-
social contributions

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

-
-
-
15 985
total
-
-
-
20 422
Employee
19 747
-
37 172
-
social contributions
2 172
-
4 089
-
surtax
-
-
-
-
income
4 107
-
10 034
-
total
6 279
-
14 123
-
Employer
19 747
-
37 172
-
social contributions
4 690
-
8 828
-
total
4 690
-
8 828
-
Corporate
21 563
46 000
-
-
surtax
-
-
-
-
income
4 529
9 660
-
-
total
4 529
9 660
-
-
Dividends
17 035
36 340
-
-
withholding
4 770
10 175
-
-
total
4 770
10 175
-
-
Income
46 000
46 000
46 000
46 000
Total tax
20 268
19 835
22 951
20 422
After tax
25 732
26 165
23 049
25 578
Living cost
13 467
13 467
13 467
13 467
Free-cash
12 265
12 698
9 582
12 111

Estimated living cost  is ₴13467 per week

₴10076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴794
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2447
₴5398
₴5664
₴7810
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
4 814
pensions
-
-
-
11 027
other
-
-
-
1 428
health
-
-
-
1 020
surtax
-
-
-
-
social contributions
-
-
-
1 310
total
-
-
-
19 599
Employee
26 891
-
37 202
-
social contributions
766
-
1 060
-
surtax
-
-
-
-
income
2 346
-
5 715
-
pensions
3 042
-
1 880
-
total
6 154
-
8 655
-
Employer
26 891
-
37 202
-
other
928
-
1 283
-
social contributions
81
-
112
-
unemployment
1 089
-
1 507
-
pensions
4 419
-
3 291
-
health
1 882
-
2 605
-
total
8 399
-
8 798
-
Corporate
10 710
46 000
-
-
surtax
-
-
-
-
income
2 999
12 880
-
-
total
2 999
12 880
-
-
Dividends
7 711
33 120
-
-
surtax
-
-
-
-
social contributions
1 326
5 697
-
-
withholding
987
4 239
-
-
total
2 313
9 936
-
-
Income
46 000
46 000
46 000
46 000
Total tax
19 865
22 816
17 453
19 599
After tax
26 135
23 184
28 547
26 401
Living cost
20 737
20 737
20 737
20 737
Free-cash
5 398
2 447
7 810
5 664

Estimated living cost  is ₴20737 per week

₴14035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1696
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.
₴4722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28494
₴27051
₴21993
₴23215
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
981
social contributions
-
-
-
10 120
total
-
-
-
11 101
Employee
13 803
-
39 826
-
income
-
-
1 116
-
social contributions
897
-
2 589
-
total
897
-
3 705
-
Employer
13 803
-
39 826
-
social contributions
2 140
-
6 174
-
total
2 140
-
6 174
-
Corporate
30 057
46 000
-
-
income
3 006
4 600
-
-
total
3 006
4 600
-
-
Dividends
27 051
41 400
-
-
total
-
-
-
-
Income
46 000
46 000
46 000
46 000
Total tax
6 043
4 600
9 879
11 101
After tax
39 957
41 400
36 121
34 899
Living cost
12 906
12 906
12 906
12 906
Free-cash
27 051
28 494
23 215
21 993

Estimated living cost  is ₴12906 per week

₴8345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
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.
₴3345
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴47535
-₴47535
₴7676
-₴47535
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
municipal
-
-
-
8 702
pensions
-
-
-
372
national
-
-
-
4 925
labour market
-
-
-
3 650
total
-
-
-
17 649
Employee
87 266
87 266
87 266
-
labour market
6 971
6 971
6 971
-
national
10 661
10 661
10 661
-
municipal
18 583
18 583
18 583
-
pensions
124
124
124
-
total
36 339
36 339
36 339
-
Employer
87 266
87 266
87 266
-
labour market
6 981
6 981
6 981
-
municipal
18 612
18 612
18 612
-
pensions
248
248
248
-
national
10 680
10 680
10 680
-
total
36 521
36 521
36 521
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
46 000
46 000
46 000
46 000
Total tax
72 860
72 860
72 860
17 649
After tax
-26 860
-26 860
-26 860
28 351
Living cost
20 675
20 675
20 675
20 675
Free-cash
-47 535
-47 535
-47 535
7 676

Estimated living cost  is ₴20675 per week

₴14150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4378
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5512
₴2309
₴22312
₴14727
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
accident
-
-
-
108
income
-
-
-
11 481
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
14 450
Employee
14 532
-
39 670
-
health
1 664
-
4 542
-
income
1 994
-
7 911
-
pensions
1 636
-
3 252
-
total
5 294
-
15 705
-
Employer
14 532
-
39 670
-
accident
243
-
662
-
unemployment
356
-
972
-
pensions
2 363
-
4 696
-
total
2 962
-
6 330
-
Corporate
28 506
46 000
-
-
income

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

25 655
41 400
-
-
total
25 655
41 400
-
-
Dividends
2 851
4 600
-
-
withholding
542
874
-
-
total
542
874
-
-
Income
46 000
46 000
46 000
46 000
Total tax
34 453
42 274
22 035
14 450
After tax
11 547
3 726
23 965
31 550
Living cost
9 238
9 238
9 238
9 238
Free-cash
2 309
-5 512
14 727
22 312

Estimated living cost  is ₴9238 per week

₴6724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
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.
₴1814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13868
₴13251
₴15839
₴9517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
46 000
municipal
-
-
-
8 184
health
-
-
-
529
national
-
-
-
4 964
total
-
-
-
13 677
Employee
22 589
-
38 698
-
health
169
-
416
-
municipal
3 700
-
6 316
-
pensions
1 524
-
2 612
-
unemployment
339
-
580
-
national
373
-
2 773
-
total
6 105
-
12 697
-
Employer
22 589
-
38 698
-
accident
23
-
38
-
unemployment
147
-
252
-
pensions
3 919
-
6 714
-
health
174
-
298
-
total
4 263
-
7 302
-
Corporate
19 149
46 000
-
-
income
3 829
9 200
-
-
total
3 829
9 200
-
-
Dividends

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

11 489
27 600
-
-
national
-
1 480
-
-
municipal
2 068
4 968
-
-
total
2 068
6 448
-
-
Income
46 000
46 000
46 000
46 000
Total tax
16 265
15 648
19 999
13 677
After tax
29 735
30 352
26 001
32 323
Living cost
16 484
16 484
16 484
16 484
Free-cash
13 251
13 868
9 517
15 839

Estimated living cost  is ₴16484 per week

₴10767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23714
₴21375
₴22434
₴22228
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
5 505
health
-
-
-
1 173
social contributions
-
-
-
6 947
total
-
-
-
13 625
Employee
33 015
33 015
41 762
-
social contributions
1 248
2 740
3 466
-
health
256
561
710
-
income
3 595
3 056
5 417
-
total
5 099
6 357
9 593
-
Employer
33 015
33 015
41 762
-
social contributions
1 248
2 740
3 466
-
health
278
611
772
-
total
1 526
3 351
4 238
-
Corporate
29 434
9 634
-
-
income
3 680
1 204
-
-
total
3 680
1 204
-
-
Dividends
25 755
8 429
-
-
withholding
4 379
1 433
-
-
total
4 379
1 433
-
-
Income
46 000
46 000
46 000
46 000
Total tax
14 684
12 345
13 831
13 625
After tax
31 316
33 655
32 169
32 375
Living cost
9 941
9 941
9 941
9 941
Free-cash
21 375
23 714
22 228
22 434

Estimated living cost  is ₴9941 per week

₴5958
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31275
₴29091
₴30450
₴21837
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
46 000
income
-
-
-
4 436
pensions
-
-
-
2 731
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
8 733
Employee

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

9 855
-
41 804
-
health
838
-
3 463
-
income
674
-
3 371
-
pensions
1 478
-
6 111
-
unemployment
49
-
204
-
total
3 039
-
13 149
-
Employer

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

9 855
-
41 804
-
unemployment
49
-
204
-
pensions
542
-
2 241
-
health
424
-
1 752
-
total
1 015
-
4 197
-
Corporate
35 130
46 000
-
-
income
3 161
4 140
-
-
total
3 161
4 140
-
-
Dividends
31 969
41 860
-
-
withholding
2 877
3 768
-
-
total
2 877
3 768
-
-
Income
46 000
46 000
46 000
46 000
Total tax
10 092
7 908
17 346
8 733
After tax
35 908
38 092
28 654
37 267
Living cost
6 817
6 817
6 817
6 817
Free-cash
29 091
31 275
21 837
30 450

Estimated living cost  is ₴6817 per week

₴4349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19180
₴16929
₴13153
₴12275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
accident
-
-
-
359
income
-
-
-
9 100
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
21 040
Employee
15 876
-
34 880
-
other
15
-
35
-
income
3 061
-
8 583
-
pensions
746
-
1 639
-
unemployment
246
-
541
-
total
4 068
-
10 798
-
Employer
15 876
-
34 880
-
accident
315
-
691
-
other
127
-
279
-
unemployment
873
-
1 918
-
pensions
3 746
-
8 232
-
total
5 061
-
11 120
-
Corporate
25 063
46 000
-
-
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.

3 759
6 900
-
-
total
3 759
6 900
-
-
Dividends
21 303
39 100
-
-
withholding
4 376
8 113
-
-
total
4 376
8 113
-
-
Income
46 000
46 000
46 000
46 000
Total tax
17 264
15 013
21 918
21 040
After tax
28 736
30 987
24 082
24 960
Living cost
11 807
11 807
11 807
11 807
Free-cash
16 929
19 180
12 275
13 153

Estimated living cost  is ₴11807 per week

₴7969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27529
₴27335
₴28035
₴27951
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
15 311
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
16 790
Employee
1 790
-
45 036
-
health
90
-
214
-
income
346
-
15 266
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
15 909
-
Employer
1 790
-
45 036
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
43 807
46 000
-
-
income
9 638
10 120
-
-
total
9 638
10 120
-
-
Dividends
34 169
35 880
-
-
withholding
6 834
7 176
-
-
total
6 834
7 176
-
-
Income
46 000
46 000
46 000
46 000
Total tax
17 490
17 296
16 874
16 790
After tax
28 510
28 704
29 126
29 210
Living cost
1 175
1 175
1 175
1 175
Free-cash
27 335
27 529
27 951
28 035

Estimated living cost  is ₴1175 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴25815
₴23705
₴17289
₴17289
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 000
income
-
-
-
9 305
pensions
-
-
-
8 244
unemployment
-
-
-
476
health
-
-
-
3 266
total
-
-
-
21 291
Employee

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

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

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

11 188
-
40 325
-
health
576
-
1 633
-
income
1 542
-
9 305
-
pensions
1 566
-
4 439
-
unemployment
84
-
238
-
total
3 768
-
15 615
-
Employer

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

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

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

11 188
-
40 325
-
unemployment
84
-
238
-
pensions
1 343
-
3 805
-
health
576
-
1 633
-
total
2 003
-
5 676
-
Corporate
32 809
46 000
-
-
income
4 921
6 900
-
-
total
4 921
6 900
-
-
Dividends
27 888
39 100
-
-
withholding
4 183
5 865
-
-
total
4 183
5 865
-
-
Income
46 000
46 000
46 000
46 000
Total tax
14 875
12 765
21 291
21 291
After tax
31 125
33 235
24 709
24 709
Living cost
7 420
7 420
7 420
7 420
Free-cash
23 705
25 815
17 289
17 289

Estimated living cost  is ₴7420 per week

₴4996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14590
₴14436
₴14003
₴11474
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 000
income
-
-
-
4 437
surtax
-
-
-
-
social contributions

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

-
-
-
15 985
total
-
-
-
20 422
Employee
16 664
-
37 172
-
social contributions
1 833
-
4 089
-
surtax
-
-
-
-
income
3 256
-
10 034
-
total
5 089
-
14 123
-
Employer
16 664
-
37 172
-
social contributions
3 957
-
8 828
-
total
3 957
-
8 828
-
Corporate
25 378
46 000
-
-
surtax
-
-
-
-
income
5 329
9 660
-
-
total
5 329
9 660
-
-
Dividends
20 049
36 340
-
-
withholding
5 614
10 175
-
-
total
5 614
10 175
-
-
Income
46 000
46 000
46 000
46 000
Total tax
19 989
19 835
22 951
20 422
After tax
26 011
26 165
23 049
25 578
Living cost
11 575
11 575
11 575
11 575
Free-cash
14 436
14 590
11 474
14 003

Estimated living cost  is ₴11575 per week

₴8198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
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.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15898
₴12624
₴9871
₴8993
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
accident
-
-
-
359
income
-
-
-
9 100
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
21 040
Employee
20 736
-
34 880
-
other
20
-
35
-
income
4 331
-
8 583
-
pensions
974
-
1 639
-
unemployment
321
-
541
-
total
5 646
-
10 798
-
Employer
20 736
-
34 880
-
accident
411
-
691
-
other
166
-
279
-
unemployment
1 141
-
1 918
-
pensions
4 894
-
8 232
-
total
6 612
-
11 120
-
Corporate
18 653
46 000
-
-
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.

2 798
6 900
-
-
total
2 798
6 900
-
-
Dividends
15 855
39 100
-
-
withholding
3 231
8 113
-
-
total
3 231
8 113
-
-
Income
46 000
46 000
46 000
46 000
Total tax
18 287
15 013
21 918
21 040
After tax
27 713
30 987
24 082
24 960
Living cost
15 089
15 089
15 089
15 089
Free-cash
12 624
15 898
8 993
9 871

Estimated living cost  is ₴15089 per week

₴10837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2867
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31944
₴29327
₴27709
₴29193
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
6 900
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
10 905
Employee
9 780
-
43 058
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
978
-
4 306
-
pensions

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

859
-
1 317
-
total
2 394
-
6 478
-
Employer
9 780
-
43 058
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 653
-
health
675
-
1 035
-
total
1 919
-
2 943
-
Corporate
34 301
46 000
-
-
income
3 430
4 600
-
-
total
3 430
4 600
-
-
Dividends
30 871
41 400
-
-
withholding
1 544
2 070
-
-
total
1 544
2 070
-
-
Income
46 000
46 000
46 000
46 000
Total tax
9 287
6 670
9 421
10 905
After tax
36 713
39 330
36 579
35 095
Living cost
7 386
7 386
7 386
7 386
Free-cash
29 327
31 944
29 193
27 709

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7146
₴12763
₴12031
₴15768
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 000
trade
-
-
-
3 737
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.

-
-
-
10 164
health

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

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

-
-
-
2 933
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.

-
-
-
559
total
-
-
-
17 393
Employee

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

21 363
-
46 000
-
health

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

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

2 933
-
2 933
-
surtax

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

97
-
559
-
income

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

1 757
-
10 164
-
total
4 787
-
13 656
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
24 637
46 000
-
-
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.

203
380
-
-
income
3 696
6 900
-
-
trade
3 535
6 601
-
-
chamber of commerce
101
133
-
-
total
7 535
14 014
-
-
Dividends
17 102
31 986
-
-
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.

227
431
-
-
withholding
4 112
7 833
-
-
total
4 339
8 264
-
-
Income
46 000
46 000
46 000
46 000
Total tax
16 661
22 278
13 656
17 393
After tax
29 339
23 722
32 344
28 607
Living cost
16 576
16 576
16 576
16 576
Free-cash
12 763
7 146
15 768
12 031

Estimated living cost  is ₴16576 per week

₴11435
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
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.
₴3117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7742
₴8691
₴6083
₴6083
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
11 303
social contributions
-
-
-
4 156
total
-
-
-
15 459
Employee
33 585
-
46 000
-
income
6 337
-
11 303
-
social contributions
2 790
-
4 156
-
total
9 127
-
15 459
-
Employer
33 585
-
46 000
-
total
-
-
-
-
Corporate
12 415
46 000
-
-
income
1 552
5 750
-
-
total
1 552
5 750
-
-
Dividends
10 863
40 250
-
-
withholding
2 172
8 050
-
-
total
2 172
8 050
-
-
Income
46 000
46 000
46 000
46 000
Total tax
12 851
13 800
15 459
15 459
After tax
33 149
32 200
30 541
30 541
Living cost
24 458
24 458
24 458
24 458
Free-cash
8 691
7 742
6 083
6 083

Estimated living cost  is ₴24458 per week

₴18607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12046
₴13548
₴15313
₴18245
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 000
income
-
-
-
12 222
health

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

-
-
-
2 879
total
-
-
-
15 101
Employee
19 696
-
44 025
-
income
2 137
-
8 219
-
social contributions
1 973
-
1 975
-
total
4 110
-
10 194
-
Employer
19 696
-
44 025
-
social contributions
1 973
-
1 975
-
total
1 973
-
1 975
-
Corporate
24 330
46 000
-
-
income
8 515
16 100
-
-
total
8 515
16 100
-
-
Dividends
15 815
29 900
-
-
social contributions
2 268
2 268
-
-
total
2 268
2 268
-
-
Income
46 000
46 000
46 000
46 000
Total tax
16 866
18 368
12 169
15 101
After tax
29 134
27 632
33 831
30 899
Living cost
15 586
15 586
15 586
15 586
Free-cash
13 548
12 046
18 245
15 313

Estimated living cost  is ₴15586 per week

₴10266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17307
₴15975
₴16714
₴12628
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
income
-
-
-
9 948
pensions
-
-
-
3 286
total
-
-
-
13 234
Employee
22 034
-
40 462
-
health
287
-
665
-
income
4 013
-
7 223
-
pensions
1 682
-
3 894
-
total
5 982
-
11 782
-
Employer
22 034
-
40 462
-
pensions
2 226
-
4 769
-
health
419
-
769
-
total
2 645
-
5 538
-
Corporate
21 321
46 000
-
-
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.

4 051
8 740
-
-
total
4 051
8 740
-
-
Dividends
17 271
37 260
-
-
withholding
1 295
3 901
-
-
total
1 295
3 901
-
-
Income
46 000
46 000
46 000
46 000
Total tax
13 973
12 641
17 320
13 234
After tax
32 027
33 359
28 680
32 766
Living cost
16 052
16 052
16 052
16 052
Free-cash
15 975
17 307
12 628
16 714

Estimated living cost  is ₴16052 per week

₴11012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6427
₴2168
₴21397
₴13812
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
accident
-
-
-
108
income
-
-
-
11 481
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
14 450
Employee
15 971
-
39 670
-
health
1 829
-
4 542
-
income
2 191
-
7 911
-
pensions
1 798
-
3 252
-
total
5 818
-
15 705
-
Employer
15 971
-
39 670
-
accident
267
-
662
-
unemployment
391
-
972
-
pensions
2 597
-
4 696
-
total
3 255
-
6 330
-
Corporate
26 774
46 000
-
-
income

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

24 097
41 400
-
-
total
24 097
41 400
-
-
Dividends
2 678
4 600
-
-
withholding
509
874
-
-
total
509
874
-
-
Income
46 000
46 000
46 000
46 000
Total tax
33 679
42 274
22 035
14 450
After tax
12 321
3 726
23 965
31 550
Living cost
10 153
10 153
10 153
10 153
Free-cash
2 168
-6 427
13 812
21 397

Estimated living cost  is ₴10153 per week

₴7451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
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.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32922
₴31230
₴20424
₴23654
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 000
work injury
-
-
-
230
health insurance
-
-
-
3 404
income
-
-
-
7 139
pensions
-
-
-
8 464
unemployment
-
-
-
552
total
-
-
-
19 789
Employee

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

9 259
-
46 000
-
work injury
46
-
171
-
income
926
-
7 139
-
pensions
1 704
-
6 303
-
health insurance
685
-
2 535
-
unemployment
111
-
411
-
total
3 472
-
16 559
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 741
46 000
-
-
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%.

-
460
-
-
total
-
460
-
-
Dividends
36 741
45 540
-
-
withholding
5 511
6 831
-
-
total
5 511
6 831
-
-
Income
46 000
46 000
46 000
46 000
Total tax
8 983
7 291
16 559
19 789
After tax
37 017
38 709
29 441
26 211
Living cost
5 787
5 787
5 787
5 787
Free-cash
31 230
32 922
23 654
20 424

Estimated living cost  is ₴5787 per week

₴3585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴7126
₴5173
₴5825
₴3720
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 000
municipal
-
-
-
307
regional
-
-
-
947
national
-
-
-
9 986
social contributions
-
-
-
11 831
total
-
-
-
23 071
Employee
36 180
-
46 000
-
social contributions
12 200
-
15 511
-
regional
546
-
802
-
municipal
216
-
275
-
national
6 114
-
8 588
-
total
19 076
-
25 176
-
Employer
36 180
-
46 000
-
total
-
-
-
-
Corporate
9 820
46 000
-
-
nationa
2 357
11 040
-
-
municipal
473
2 217
-
-
total
2 830
13 257
-
-
Dividends
6 989
32 743
-
-
withholding
1 817
8 513
-
-
total
1 817
8 513
-
-
Income
46 000
46 000
46 000
46 000
Total tax
23 723
21 770
25 176
23 071
After tax
22 277
24 230
20 824
22 929
Living cost
17 104
17 104
17 104
17 104
Free-cash
5 173
7 126
3 720
5 825

Estimated living cost  is ₴17104 per week

₴12015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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