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
₴ 46500
per

Your estimated
City
free-cash

Dresden , Germany
₴7949
₴18082
₴13637
₴14524
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 500
health

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

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

-
-
-
3 513
income

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

-
-
-
8 842
trade
-
-
-
3 558
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.

-
-
-
486
total
-
-
-
16 399
Employee

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

19 670
-
46 500
-
surtax

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

30
-
486
-
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.

549
-
8 842
-
health

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

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

3 513
-
3 513
-
total
4 092
-
12 841
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 830
46 500
-
-
trade
4 226
7 323
-
-
chamber of commerce
117
144
-
-
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.

222
384
-
-
income
4 025
6 975
-
-
total
8 590
14 826
-
-
Dividends
18 241
31 674
-
-
withholding
4 364
7 723
-
-
surtax

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

240
425
-
-
total
4 604
8 148
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 286
22 974
12 841
16 399
After tax
29 214
23 526
33 659
30 101
Living cost
15 577
15 577
15 577
15 577
Free-cash
13 637
7 949
18 082
14 524

Estimated living cost  is ₴15577 per week

₴9798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1816
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3671
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1783
₴1434
₴453
₴1069
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
social contributions
-
-
-
500
national
-
-
-
7 365
pensions
-
-
-
5 580
municipal
-
-
-
4 753
total
-
-
-
18 198
Employee
42 217
-
40 199
-
national
8 080
-
7 644
-
municipal
5 214
-
4 933
-
pensions
1 689
-
1 608
-
total
14 983
-
14 185
-
Employer
42 217
-
40 199
-
pensions
3 377
-
3 216
-
social contributions
454
-
432
-
total
3 831
-
3 648
-
Corporate
-
46 500
-
-
income

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

-
9 300
-
-
total
-
9 300
-
-
Dividends
-
37 200
-
-
withholding
-
8 184
-
-
total
-
8 184
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 814
17 484
17 833
18 198
After tax
27 686
29 016
28 667
28 302
Living cost
27 233
27 233
27 233
27 233
Free-cash
453
1 783
1 434
1 069

Estimated living cost  is ₴27233 per week

₴18510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26501
₴15567
₴22282
₴14181
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 500
microenterprise
-
-
-
-
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.

-
-
-
14 949
income
-
-
-
6 671
surtax
-
-
-
-
total
-
-
-
21 620
Employee
15 027
-
37 473
-
surtax
-
-
-
-
income
2 675
-
7 085
-
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.

1 653
-
4 122
-
total
4 328
-
11 207
-
Employer
15 027
-
37 473
-
surtax
-
-
-
-
social contributions

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

3 620
-
9 027
-
total
3 620
-
9 027
-
Corporate
27 853
46 500
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

5 571
9 300
-
-
total
5 571
9 300
-
-
Dividends

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

22 282
37 200
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
13 519
9 300
20 234
21 620
After tax
32 981
37 200
26 266
24 880
Living cost
10 699
10 699
10 699
10 699
Free-cash
22 282
26 501
15 567
14 181

Estimated living cost  is ₴10699 per week

₴6826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
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.
₴2612
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1682
-₴4569
-₴4569
₴4878
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
5 881
income
-
-
-
8 172
pensions
-
-
-
6 025
total
-
-
-
20 078
Employee
43 917
43 917
43 917
-
income

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

7 188
7 188
7 188
-
pensions
7 905
6 025
7 905
-
health
6 741
5 734
6 741
-
total
21 834
18 947
21 834
-
Employer
43 917
43 917
43 917
-
unemployment
1 581
1 581
1 581
-
pensions
3 057
3 057
3 057
-
health
3 053
3 053
3 053
-
total
7 691
7 691
7 691
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
29 525
26 638
29 525
20 078
After tax
16 975
19 862
16 975
26 422
Living cost
21 544
21 544
21 544
21 544
Free-cash
-4 569
-1 682
-4 569
4 878

Estimated living cost  is ₴21544 per week

₴15267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1942
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴343
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3923
₴3366
₴3442
₴1713
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
2 902
national
-
-
-
-
pensions
-
-
-
5 027
unemployment
-
-
-
47
other
-
-
-
5 403
accident
-
-
-
93
municipal
-
-
-
9 849
total
-
-
-
23 321
Employee
30 587
-
35 383
-
national
-
-
-
-
municipal
9 121
-
10 551
-
total
9 121
-
10 551
-
Employer
30 587
-
35 383
-
unemployment
807
-
934
-
pensions
3 306
-
3 825
-
accident
61
-
71
-
other
3 554
-
4 111
-
health
1 881
-
2 176
-
total
9 609
-
11 117
-
Corporate
6 303
46 500
-
-
income
1 387
10 230
-
-
total
1 387
10 230
-
-
Dividends
4 916
36 270
-
-
withholding
1 475
10 881
-
-
total
1 475
10 881
-
-
Income
46 500
46 500
46 500
46 500
Total tax
21 592
21 111
21 668
23 321
After tax
24 908
25 389
24 832
23 179
Living cost
21 466
21 466
21 466
21 466
Free-cash
3 442
3 923
3 366
1 713

Estimated living cost  is ₴21466 per week

₴14227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2106
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴3082
₴13456
₴10309
₴9740
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 500
health

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

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

-
-
-
3 513
income

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

-
-
-
8 842
trade
-
-
-
3 716
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.

-
-
-
486
total
-
-
-
16 557
Employee

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

26 080
-
46 500
-
surtax

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

123
-
486
-
income

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

2 241
-
8 842
-
health

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

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

3 513
-
3 513
-
total
5 877
-
12 841
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 420
46 500
-
-
trade
3 359
7 649
-
-
chamber of commerce
107
144
-
-
surtax

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

169
384
-
-
income
3 063
6 975
-
-
total
6 698
15 152
-
-
Dividends
13 721
31 348
-
-
withholding
3 235
7 642
-
-
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.

178
421
-
-
total
3 413
8 063
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 988
23 215
12 841
16 557
After tax
30 512
23 285
33 659
29 943
Living cost
20 203
20 203
20 203
20 203
Free-cash
10 309
3 082
13 456
9 740

Estimated living cost  is ₴20203 per week

₴13512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2130
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17386
₴16932
₴15253
₴16979
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
1 186
social contributions
-
-
-
7 254
income
-
-
-
4 401
total
-
-
-
12 841
Employee
39 545
39 545
42 216
-
income
4 153
3 661
4 382
-
social contributions
1 922
3 282
3 504
-
health
393
672
717
-
total
6 468
7 615
8 603
-
Employer
39 545
39 545
42 216
-
social contributions
1 922
3 282
3 504
-
health
428
732
781
-
total
2 350
4 014
4 285
-
Corporate
21 002
2 941
-
-
income
2 625
368
-
-
total
2 625
368
-
-
Dividends
18 377
2 573
-
-
withholding
3 124
437
-
-
total
3 124
437
-
-
Income
46 500
46 500
46 500
46 500
Total tax
14 567
12 434
12 888
12 841
After tax
31 933
34 066
33 612
33 659
Living cost
16 680
16 680
16 680
16 680
Free-cash
15 253
17 386
16 932
16 979

Estimated living cost  is ₴16680 per week

₴11403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1303
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16850
₴17594
₴17049
₴22850
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
3 255
income
-
-
-
5 685
pensions
-
-
-
4 650
unemployment
-
-
-
698
total
-
-
-
14 288
Employee

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

The minimum wage is 138,000 HUF per month.

13 515
5 379
38 912
-
unemployment
203
81
584
-
income
1 652
658
4 757
-
pensions
1 351
538
3 891
-
health
946
377
2 724
-
total
4 152
1 654
11 956
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 515
5 379
38 912
-
pensions
2 635
1 049
7 588
-
total
2 635
1 049
7 588
-
Corporate
30 350
40 072
-
-
income
2 731
3 607
-
-
total
2 731
3 607
-
-
Dividends
27 618
36 466
-
-
withholding
5 247
6 929
-
-
social contributions
5 324
7 049
-
-
total
10 571
13 978
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 089
20 288
19 544
14 288
After tax
26 411
26 212
26 956
32 212
Living cost
9 362
9 362
9 362
9 362
Free-cash
17 049
16 850
17 594
22 850

Estimated living cost  is ₴9362 per week

₴6389
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2020
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24778
₴14379
₴21584
₴12501
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
6 045
income
-
-
-
6 231
pensions
-
-
-
9 301
total
-
-
-
21 577
Employee
14 589
-
34 754
-
unemployment
233
-
556
-
income
1 642
-
6 701
-
pensions
292
-
695
-
total
2 167
-
7 952
-
Employer
14 589
-
34 754
-
unemployment
117
-
278
-
pensions
2 918
-
6 951
-
health
1 896
-
4 518
-
total
4 931
-
11 747
-
Corporate
26 980
46 500
-
-
income
5 396
9 300
-
-
total
5 396
9 300
-
-
Dividends
21 584
37 200
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
12 494
9 300
19 699
21 577
After tax
34 006
37 200
26 801
24 923
Living cost
12 422
12 422
12 422
12 422
Free-cash
21 584
24 778
14 379
12 501

Estimated living cost  is ₴12422 per week

₴8520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7617
₴12308
₴2020
₴20565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
1 128
income
-
-
-
10 948
pensions
-
-
-
2 153
other
-
-
-
192
accident
-
-
-
131
total
-
-
-
14 552
Employee
17 906
-
39 185
-
income
2 456
-
7 061
-
pensions
2 016
-
3 947
-
health
2 050
-
4 487
-
total
6 522
-
15 495
-
Employer
17 906
-
39 185
-
unemployment
439
-
960
-
pensions
2 912
-
5 700
-
accident
299
-
654
-
total
3 650
-
7 314
-
Corporate
24 945
46 500
-
-
income

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

22 451
41 850
-
-
total
22 451
41 850
-
-
Dividends
2 494
4 650
-
-
withholding
474
884
-
-
total
474
884
-
-
Income
46 500
46 500
46 500
46 500
Total tax
33 097
42 734
22 809
14 552
After tax
13 403
3 766
23 691
31 948
Living cost
11 383
11 383
11 383
11 383
Free-cash
2 020
-7 617
12 308
20 565

Estimated living cost  is ₴11383 per week

₴8343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39910
₴32935
₴39111
₴41770
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
46 500
microenterprise

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

-
-
-
465
total
-
-
-
465
Employee
5 331
-
46 500
-
income
1 066
-
9 300
-
total
1 066
-
9 300
-
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%.

41 169
46 500
-
-
total
-
-
-
-
Dividends
41 169
46 500
-
-
withholding
2 058
2 325
-
-
total
2 058
2 325
-
-
Income
46 500
46 500
46 500
46 500
Total tax
3 124
2 325
9 300
465
After tax
43 376
44 175
37 200
46 035
Living cost
4 265
4 265
4 265
4 265
Free-cash
39 111
39 910
32 935
41 770

Estimated living cost  is ₴4265 per week

₴2643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20460
₴13552
₴16988
₴11476
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
2 046
income
-
-
-
5 906
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.

-
-
-
11 160
other
-
-
-
2 209
total
-
-
-
21 321
Employee
18 673
-
37 140
-
unemployment
186
-
372
-
income
3 215
-
6 393
-
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.

1 307
-
2 600
-
health
262
-
520
-
total
4 970
-
9 885
-
Employer
18 673
-
37 140
-
unemployment
186
-
372
-
pensions

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

3 175
-
6 314
-
accident
149
-
297
-
other
934
-
1 857
-
health
262
-
520
-
total
4 706
-
9 360
-
Corporate
23 121
46 500
-
-
income
4 855
9 765
-
-
total
4 855
9 765
-
-
Dividends
18 266
36 735
-
-
withholding
1 278
2 572
-
-
total
1 278
2 572
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 809
12 337
19 245
21 321
After tax
30 691
34 163
27 255
25 179
Living cost
13 703
13 703
13 703
13 703
Free-cash
16 988
20 460
13 552
11 476

Estimated living cost  is ₴13703 per week

₴9682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴532
-₴5030
-₴8695
₴68
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
8 795
pensions
-
-
-
3 328
total
-
-
-
12 123
Employee
48 542
-
41 026
-
income
8 750
-
7 320
-
pensions
4 683
-
3 781
-
health
800
-
646
-
total
14 233
-
11 747
-
Employer
48 542
-
41 026
-
pensions
5 731
-
4 694
-
health
922
-
780
-
total
6 653
-
5 474
-
Corporate
-
46 500
-
-
income

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

-
8 835
-
-
total
-
8 835
-
-
Dividends
-
37 665
-
-
withholding
-
2 824
-
-
total
-
2 824
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 886
11 659
17 221
12 123
After tax
25 614
34 841
29 279
34 377
Living cost
34 309
34 309
34 309
34 309
Free-cash
-8 695
532
-5 030
68

Estimated living cost  is ₴34309 per week

₴25708
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴33031
₴29363
₴30646
₴28012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
2 061
income
-
-
-
6 975
pensions

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

-
-
-
2 653
unemployment
-
-
-
72
total
-
-
-
11 761
Employee
8 908
-
42 984
-
income
891
-
4 298
-
accident

We are using the highest rate at 1.1%.

98
-
197
-
pensions

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

782
-
1 574
-
health
410
-
824
-
total
2 181
-
6 893
-
Employer
8 908
-
42 984
-
unemployment
53
-
108
-
pensions

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

982
-
1 975
-
accident

We are using the highest rate at 1.1%.

98
-
197
-
health
615
-
1 237
-
total
1 748
-
3 517
-
Corporate
35 844
46 500
-
-
income
3 585
4 650
-
-
total
3 585
4 650
-
-
Dividends
32 260
41 850
-
-
withholding
1 613
2 092
-
-
total
1 613
2 092
-
-
Income
46 500
46 500
46 500
46 500
Total tax
9 127
6 742
10 410
11 761
After tax
37 373
39 758
36 090
34 739
Living cost
6 727
6 727
6 727
6 727
Free-cash
30 646
33 031
29 363
28 012

Estimated living cost  is ₴6727 per week

₴3928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2141
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8655
-₴11542
-₴9526
-₴2095
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
5 881
income
-
-
-
8 172
pensions
-
-
-
6 025
total
-
-
-
20 078
Employee
47 680
43 917
43 917
-
income

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

7 188
7 188
7 188
-
pensions
6 025
6 025
7 905
-
health
5 948
5 734
6 741
-
total
19 161
18 947
21 834
-
Employer
47 680
43 917
43 917
-
unemployment
1 717
1 581
1 581
-
pensions
3 318
3 057
3 057
-
health
3 313
3 053
3 053
-
total
8 348
7 691
7 691
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
27 509
26 638
29 525
20 078
After tax
18 991
19 862
16 975
26 422
Living cost
28 517
28 517
28 517
28 517
Free-cash
-9 526
-8 655
-11 542
-2 095

Estimated living cost  is ₴28517 per week

₴21036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2547
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19327
₴10909
₴14801
₴9959
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
6 278
social contributions
-
-
-
13 578
income
-
-
-
3 997
solidarity contribution
-
-
-
-
total
-
-
-
23 853
Employee
18 659
-
34 701
-
income
2 239
-
4 164
-
solidarity contribution
-
-
-
-
social contributions
1 213
-
2 256
-
health
2 519
-
4 685
-
total
5 971
-
11 105
-
Employer
18 659
-
34 701
-
social contributions
4 665
-
8 675
-
health
1 679
-
3 123
-
total
6 344
-
11 798
-
Corporate
21 496
46 500
-
-
income
4 084
8 835
-
-
total
4 084
8 835
-
-
Dividends
17 412
37 665
-
-
withholding
2 612
5 650
-
-
total
2 612
5 650
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 011
14 485
22 903
23 853
After tax
27 489
32 015
23 597
22 647
Living cost
12 688
12 688
12 688
12 688
Free-cash
14 801
19 327
10 909
9 959

Estimated living cost  is ₴12688 per week

₴8814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴903
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.
₴2723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴3110
₴312
₴425
₴2526
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
social contributions
-
-
-
11 960
national
-
-
-
9 534
regional
-
-
-
504
municipal
-
-
-
276
total
-
-
-
22 274
Employee
45 705
-
46 500
-
regional
431
-
441
-
national
7 920
-
8 120
-
municipal
242
-
247
-
social contributions
15 412
-
15 680
-
total
24 005
-
24 488
-
Employer
45 705
-
46 500
-
total
-
-
-
-
Corporate
795
46 500
-
-
nationa
190
11 160
-
-
municipal
31
1 813
-
-
total
221
12 973
-
-
Dividends
573
33 527
-
-
withholding
149
8 717
-
-
total
149
8 717
-
-
Income
46 500
46 500
46 500
46 500
Total tax
24 375
21 690
24 488
22 274
After tax
22 125
24 810
22 012
24 226
Living cost
21 700
21 700
21 700
21 700
Free-cash
425
3 110
312
2 526

Estimated living cost  is ₴21700 per week

₴15127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4817
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17900
₴12186
₴16299
₴13079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
3 302
income
-
-
-
8 401
pensions
-
-
-
9 300
unemployment
-
-
-
117
other
-
-
-
-
surtax
-
-
-
953
total
-
-
-
22 073
Employee
17 007
-
38 413
-
surtax
56
-
850
-
unemployment
1 184
-
2 674
-
income
2 851
-
7 814
-
pensions
1 134
-
2 562
-
health
434
-
979
-
other
-
-
-
-
total
5 659
-
14 879
-
Employer
17 007
-
38 413
-
unemployment
539
-
1 218
-
pensions
2 267
-
5 121
-
other
-
-
-
-
health
774
-
1 748
-
total
3 580
-
8 087
-
Corporate
25 914
46 500
-
-
income
6 738
12 090
-
-
total
6 738
12 090
-
-
Dividends
19 176
34 410
-
-
withholding
2 876
5 162
-
-
total
2 876
5 162
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 853
17 252
22 966
22 073
After tax
27 647
29 248
23 534
24 427
Living cost
11 348
11 348
11 348
11 348
Free-cash
16 299
17 900
12 186
13 079

Estimated living cost  is ₴11348 per week

₴6939
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1047
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.
₴3101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11402
₴5840
₴7363
₴10938
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
8 795
pensions
-
-
-
3 328
total
-
-
-
12 123
Employee
32 531
-
41 026
-
income
5 859
-
7 320
-
pensions
2 761
-
3 781
-
health
472
-
646
-
total
9 092
-
11 747
-
Employer
32 531
-
41 026
-
pensions
3 522
-
4 694
-
health
618
-
780
-
total
4 140
-
5 474
-
Corporate
9 829
46 500
-
-
income

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

1 868
8 835
-
-
total
1 868
8 835
-
-
Dividends
7 962
37 665
-
-
withholding
598
2 824
-
-
total
598
2 824
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 698
11 659
17 221
12 123
After tax
30 802
34 841
29 279
34 377
Living cost
23 439
23 439
23 439
23 439
Free-cash
7 363
11 402
5 840
10 938

Estimated living cost  is ₴23439 per week

₴17560
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1757
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.
₴3876
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴20433
-₴5035
-₴6943
-₴2658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
136
national
-
-
-
205
pensions
-
-
-
4 278
regional
-
-
-
1 424
city
-
-
-
489
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.

-
-
-
930
total
-
-
-
7 462
Employee
48 795
-
41 621
-
regional
1 598
-
1 209
-
national
231
-
174
-
unemployment
-
-
-
-
pensions
4 099
-
3 495
-
health
110
-
93
-
city
524
-
448
-
total
6 562
-
5 419
-
Employer
48 795
-
41 621
-
unemployment
-
-
-
-
pensions
4 099
-
3 495
-
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.

976
-
832
-
health
110
-
93
-
total
5 185
-
4 420
-
Corporate
-
46 500
-
-
national
-
3 953
-
-
regional
-
9 835
-
-
total
-
13 788
-
-
Dividends
-
32 712
-
-
withholding
-
11 449
-
-
total
-
11 449
-
-
Income
46 500
46 500
46 500
46 500
Total tax
11 747
25 237
9 839
7 462
After tax
34 753
21 263
36 661
39 038
Living cost
41 696
41 696
41 696
41 696
Free-cash
-6 943
-20 433
-5 035
-2 658

Estimated living cost  is ₴41696 per week

₴27114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3742
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴512
₴10100
₴7828
₴6226
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 500
health

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

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

-
-
-
3 513
income

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

-
-
-
8 842
trade
-
-
-
3 874
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.

-
-
-
486
total
-
-
-
16 715
Employee

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

30 907
-
46 500
-
surtax

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

200
-
486
-
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.

3 634
-
8 842
-
health

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

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

3 513
-
3 513
-
total
7 347
-
12 841
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
15 593
46 500
-
-
trade
2 674
7 974
-
-
chamber of commerce
100
143
-
-
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.

129
384
-
-
income
2 339
6 975
-
-
total
5 242
15 476
-
-
Dividends
10 351
31 024
-
-
withholding
2 392
7 561
-
-
surtax

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

132
416
-
-
total
2 524
7 977
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 113
23 453
12 841
16 715
After tax
31 387
23 047
33 659
29 785
Living cost
23 559
23 559
23 559
23 559
Free-cash
7 828
-512
10 100
6 226

Estimated living cost  is ₴23559 per week

₴17207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5841
₴9178
₴8878
₴9323
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
590
social contributions
-
-
-
1 325
income
-
-
-
3 732
pensions
-
-
-
12 493
other
-
-
-
1 442
surtax
-
-
-
-
total
-
-
-
19 582
Employee
22 010
-
35 433
-
surtax
-
-
-
-
income
1 299
-
3 646
-
social contributions
628
-
1 009
-
pensions
2 489
-
4 007
-
total
4 416
-
8 662
-
Employer
22 010
-
35 433
-
unemployment
891
-
1 435
-
pensions
3 616
-
5 821
-
social contributions
66
-
106
-
other
759
-
1 223
-
health
1 541
-
2 480
-
total
6 873
-
11 065
-
Corporate
17 616
46 500
-
-
surtax
-
-
-
-
income
4 932
13 020
-
-
total
4 932
13 020
-
-
Dividends
12 684
33 480
-
-
withholding
1 624
4 285
-
-
surtax
-
-
-
-
social contributions
2 182
5 759
-
-
total
3 806
10 044
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 027
23 064
19 727
19 582
After tax
26 473
23 436
26 773
26 918
Living cost
17 595
17 595
17 595
17 595
Free-cash
8 878
5 841
9 178
9 323

Estimated living cost  is ₴17595 per week

₴11094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7584
₴10921
₴10443
₴11066
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
590
social contributions
-
-
-
1 325
income
-
-
-
3 732
pensions
-
-
-
12 493
other
-
-
-
1 442
surtax
-
-
-
-
total
-
-
-
19 582
Employee
19 647
-
35 433
-
surtax
-
-
-
-
income
1 013
-
3 646
-
social contributions
560
-
1 009
-
pensions
2 222
-
4 007
-
total
3 795
-
8 662
-
Employer
19 647
-
35 433
-
unemployment
795
-
1 435
-
pensions
3 228
-
5 821
-
social contributions
59
-
106
-
other
678
-
1 223
-
health
1 375
-
2 480
-
total
6 135
-
11 065
-
Corporate
20 717
46 500
-
-
surtax
-
-
-
-
income
5 801
13 020
-
-
total
5 801
13 020
-
-
Dividends
14 916
33 480
-
-
withholding
1 909
4 285
-
-
surtax
-
-
-
-
social contributions
2 565
5 759
-
-
total
4 474
10 044
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 205
23 064
19 727
19 582
After tax
26 295
23 436
26 773
26 918
Living cost
15 852
15 852
15 852
15 852
Free-cash
10 443
7 584
10 921
11 066

Estimated living cost  is ₴15852 per week

₴9193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17463
₴19293
₴17731
₴18957
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
3 246
social contributions
-
-
-
6 417
income
-
-
-
6 975
total
-
-
-
16 638
Employee
17 437
-
46 500
-
income
2 908
-
6 639
-
social contributions
2 407
-
6 417
-
health
1 217
-
3 246
-
total
6 532
-
16 302
-
Employer
17 437
-
46 500
-
total
-
-
-
-
Corporate
29 063
46 500
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

1 453
2 325
-
-
total
1 453
2 325
-
-
Dividends
27 610
44 175
-
-
withholding
4 142
6 627
-
-
social contributions
3 810
6 097
-
-
health
1 927
3 083
-
-
total
9 879
15 807
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 864
18 132
16 302
16 638
After tax
28 636
28 368
30 198
29 862
Living cost
10 905
10 905
10 905
10 905
Free-cash
17 731
17 463
19 293
18 957

Estimated living cost  is ₴10905 per week

₴7298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴672
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.
₴2683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8028
-₴3112
₴7234
₴5828
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
3 557
chamber of commerce
-
-
-
186
income
-
-
-
6 950
pensions
-
-
-
8 603
unemployment
-
-
-
3 154
surtax
-
-
-
101
total
-
-
-
22 551
Employee
25 701
20 494
36 027
-
unemployment
771
615
1 080
-
income
2 926
1 512
5 980
-
pensions
2 632
2 098
3 689
-
health
994
793
1 395
-
other
257
205
360
-
total
7 580
5 223
12 504
-
Employer
25 701
20 494
36 027
-
chamber of commerce
102
82
144
-
surtax
101
101
101
-
payroll
771
615
1 080
-
unemployment
771
615
1 080
-
pensions
3 225
2 573
4 521
-
accident
334
266
468
-
other
1 221
973
1 712
-
health
971
775
1 361
-
total
7 496
6 000
10 467
-
Corporate
13 302
20 005
34 078
-
income

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

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

3 326
5 002
8 520
-
total
3 326
5 002
8 520
-
Dividends
9 976
15 004
-
-
withholding
2 743
4 126
-
-
total
2 743
4 126
-
-
Income
46 500
46 500
46 500
46 500
Total tax
21 145
20 351
31 491
22 551
After tax
25 355
26 149
15 009
23 949
Living cost
18 121
18 121
18 121
18 121
Free-cash
7 234
8 028
-3 112
5 828

Estimated living cost  is ₴18121 per week

₴12086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7346
-₴325
-₴995
₴3691
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
communal

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

-
-
-
2 371
social contributions
-
-
-
6 988
national
-
-
-
14 699
total
-
-
-
24 058
Employee

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

36 786
-
36 015
-
national
11 310
-
11 007
-
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.

320
-
313
-
communal

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

1 919
-
1 879
-
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.

2 759
-
2 701
-
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.

1 728
-
1 692
-
total
18 036
-
17 592
-
Employer

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

36 786
-
36 015
-
surtax
4 171
-
4 083
-
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.

537
-
526
-
pensions

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

3 260
-
3 191
-
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.

478
-
468
-
health

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

2 262
-
2 214
-
total
10 708
-
10 482
-
Corporate
-
46 500
-
-
surtax
-
186
-
-
income
-
9 300
-
-
total
-
9 486
-
-
Dividends
-
37 014
-
-
withholding

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

-
10 917
-
-
total
-
10 917
-
-
Income
46 500
46 500
46 500
46 500
Total tax
28 744
20 403
28 074
24 058
After tax
17 756
26 097
18 426
22 442
Living cost
18 751
18 751
18 751
18 751
Free-cash
-995
7 346
-325
3 691

Estimated living cost  is ₴18751 per week

₴12078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4740
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12769
₴6333
₴8673
₴6001
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
7 975
pensions
-
-
-
13 159
unemployment
-
-
-
326
other
-
-
-
47
accident
-
-
-
419
total
-
-
-
21 926
Employee
25 599
-
35 259
-
unemployment
397
-
547
-
income
5 401
-
8 115
-
pensions
1 203
-
1 657
-
other
25
-
35
-
total
7 026
-
10 354
-
Employer
25 599
-
35 259
-
unemployment
1 408
-
1 939
-
pensions
6 041
-
8 321
-
accident
507
-
698
-
other
204
-
282
-
total
8 160
-
11 240
-
Corporate
12 741
46 500
-
-
income

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

1 911
6 975
-
-
total
1 911
6 975
-
-
Dividends
10 830
39 525
-
-
withholding
2 157
8 183
-
-
total
2 157
8 183
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 254
15 158
21 594
21 926
After tax
27 246
31 342
24 906
24 574
Living cost
18 573
18 573
18 573
18 573
Free-cash
8 673
12 769
6 333
6 001

Estimated living cost  is ₴18573 per week

₴13677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1318
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3310
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴654
₴1454
-₴2616
-₴766
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
3 267
communal
-
-
-
2 939
income
-
-
-
3 445
pensions
-
-
-
6 970
surtax
-
-
-
2 305
accident
-
-
-
392
total
-
-
-
19 318
Employee
38 945
-
41 536
-
surtax
2 387
-
2 545
-
income
3 762
-
4 418
-
pensions
3 115
-
3 323
-
health
1 733
-
1 848
-
total
10 997
-
12 134
-
Employer
38 945
-
41 536
-
pensions
3 115
-
3 323
-
accident
350
-
374
-
health
1 188
-
1 267
-
total
4 653
-
4 964
-
Corporate
2 901
46 500
-
-
surtax
30
488
-
-
income
435
6 975
-
-
communal
-
3 139
-
-
total
465
10 602
-
-
Dividends
2 436
35 898
-
-
withholding
365
5 385
-
-
income
4 688
1 911
-
-
total
5 053
7 296
-
-
Income
46 500
46 500
46 500
46 500
Total tax
21 168
17 898
17 098
19 318
After tax
25 332
28 602
29 402
27 182
Living cost
27 948
27 948
27 948
27 948
Free-cash
-2 616
654
1 454
-766

Estimated living cost  is ₴27948 per week

₴20965
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1693
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4993
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17697
₴11983
₴16064
₴12876
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
3 302
income
-
-
-
8 401
pensions
-
-
-
9 300
unemployment
-
-
-
117
other
-
-
-
-
surtax
-
-
-
953
total
-
-
-
22 073
Employee
17 319
-
38 413
-
surtax
61
-
850
-
unemployment
1 205
-
2 674
-
income
2 903
-
7 814
-
pensions
1 155
-
2 562
-
health
442
-
979
-
other
-
-
-
-
total
5 766
-
14 879
-
Employer
17 319
-
38 413
-
unemployment
549
-
1 218
-
pensions
2 309
-
5 121
-
other
-
-
-
-
health
788
-
1 748
-
total
3 646
-
8 087
-
Corporate
25 535
46 500
-
-
income
6 639
12 090
-
-
total
6 639
12 090
-
-
Dividends
18 896
34 410
-
-
withholding
2 834
5 162
-
-
total
2 834
5 162
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 885
17 252
22 966
22 073
After tax
27 615
29 248
23 534
24 427
Living cost
11 551
11 551
11 551
11 551
Free-cash
16 064
17 697
11 983
12 876

Estimated living cost  is ₴11551 per week

₴6974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1004
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10589
₴7974
₴9446
₴10176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
social contributions
-
-
-
11 960
national
-
-
-
9 534
regional
-
-
-
701
municipal
-
-
-
276
total
-
-
-
22 471
Employee
28 527
-
46 500
-
regional
384
-
626
-
national
4 520
-
8 120
-
municipal
151
-
247
-
social contributions
9 620
-
15 680
-
total
14 675
-
24 673
-
Employer
28 527
-
46 500
-
total
-
-
-
-
Corporate
17 973
46 500
-
-
nationa
4 314
11 160
-
-
municipal
893
2 311
-
-
total
5 207
13 471
-
-
Dividends
12 766
33 029
-
-
withholding
3 319
8 587
-
-
total
3 319
8 587
-
-
Income
46 500
46 500
46 500
46 500
Total tax
23 201
22 058
24 673
22 471
After tax
23 299
24 442
21 827
24 029
Living cost
13 853
13 853
13 853
13 853
Free-cash
9 446
10 589
7 974
10 176

Estimated living cost  is ₴13853 per week

₴8615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16380
₴7962
₴10803
₴7012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
6 278
social contributions
-
-
-
13 578
income
-
-
-
3 997
solidarity contribution
-
-
-
-
total
-
-
-
23 853
Employee
22 993
-
34 701
-
income
2 759
-
4 164
-
solidarity contribution
-
-
-
-
social contributions
1 495
-
2 256
-
health
3 104
-
4 685
-
total
7 358
-
11 105
-
Employer
22 993
-
34 701
-
social contributions
5 748
-
8 675
-
health
2 069
-
3 123
-
total
7 817
-
11 798
-
Corporate
15 689
46 500
-
-
income
2 981
8 835
-
-
total
2 981
8 835
-
-
Dividends
12 708
37 665
-
-
withholding
1 906
5 650
-
-
total
1 906
5 650
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 062
14 485
22 903
23 853
After tax
26 438
32 015
23 597
22 647
Living cost
15 635
15 635
15 635
15 635
Free-cash
10 803
16 380
7 962
7 012

Estimated living cost  is ₴15635 per week

₴11628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9797
-₴1406
₴9543
₴7643
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
3 557
chamber of commerce
-
-
-
186
income
-
-
-
6 950
pensions
-
-
-
8 603
unemployment
-
-
-
3 154
surtax
-
-
-
-
total
-
-
-
22 450
Employee
22 480
20 494
36 108
-
unemployment
674
615
1 083
-
income
2 003
1 512
6 030
-
pensions
2 302
2 098
3 698
-
health
870
793
1 398
-
other
224
205
361
-
total
6 073
5 223
12 570
-
Employer
22 480
20 494
36 108
-
chamber of commerce
90
82
144
-
surtax
-
-
-
-
payroll
674
615
1 083
-
unemployment
674
615
1 083
-
pensions
2 821
2 573
4 531
-
accident
292
266
469
-
other
1 068
973
1 715
-
health
850
775
1 365
-
total
6 469
5 899
10 390
-
Corporate
17 550
20 107
34 156
-
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.

4 388
5 027
8 539
-
total
4 388
5 027
8 539
-
Dividends
13 162
15 080
-
-
withholding
3 620
4 147
-
-
total
3 620
4 147
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 550
20 296
31 499
22 450
After tax
25 950
26 204
15 001
24 050
Living cost
16 407
16 407
16 407
16 407
Free-cash
9 543
9 797
-1 406
7 643

Estimated living cost  is ₴16407 per week

₴9842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37529
₴30554
₴36283
₴39389
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
46 500
microenterprise

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

-
-
-
465
total
-
-
-
465
Employee
8 307
-
46 500
-
income
1 662
-
9 300
-
total
1 662
-
9 300
-
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%.

38 193
46 500
-
-
total
-
-
-
-
Dividends
38 193
46 500
-
-
withholding
1 909
2 325
-
-
total
1 909
2 325
-
-
Income
46 500
46 500
46 500
46 500
Total tax
3 571
2 325
9 300
465
After tax
42 929
44 175
37 200
46 035
Living cost
6 646
6 646
6 646
6 646
Free-cash
36 283
37 529
30 554
39 389

Estimated living cost  is ₴6646 per week

₴4497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
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.
₴1647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18221
₴9149
₴13920
₴10481
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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.

-
-
-
46 500
health
-
-
-
4 575
income
-
-
-
9 088
pensions
-
-
-
8 493
unemployment
-
-
-
69
total
-
-
-
22 225
Employee

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

22 741
-
40 235
-
unemployment
32
-
57
-
income
3 922
-
8 401
-
pensions
3 525
-
6 236
-
health
1 469
-
2 599
-
total
8 948
-
17 293
-
Employer

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

22 741
-
40 235
-
unemployment
14
-
24
-
pensions
2 012
-
3 561
-
health
1 515
-
2 679
-
total
3 541
-
6 264
-
Corporate
20 218
46 500
-
-
income
3 841
8 835
-
-
total
3 841
8 835
-
-
Dividends
16 377
37 665
-
-
withholding
2 456
5 650
-
-
total
2 456
5 650
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 786
14 485
23 557
22 225
After tax
27 714
32 015
22 943
24 275
Living cost
13 794
13 794
13 794
13 794
Free-cash
13 920
18 221
9 149
10 481

Estimated living cost  is ₴13794 per week

₴9467
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3177
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4564
₴15539
-₴35490
₴8408
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
social contributions
-
-
-
5 301
income
-
-
-
9 064
total
-
-
-
14 365
Employee
34 021
-
-
-
income
7 504
-
-
-
social contributions
2 790
-
398
-
total
10 294
-
398
-
Employer
34 021
-
-
-
social contributions
47 969
-
6 836
-
total
47 969
-
6 836
-
Corporate
-
46 500
-
-
income
-
10 230
-
-
total
-
10 230
-
-
Dividends
-
36 270
-
-
income
-
7 979
-
-
total
-
7 979
-
-
Income
46 500
46 500
46 500
46 500
Total tax
58 263
18 209
7 234
14 365
After tax
-11 763
28 291
39 266
32 135
Living cost
23 727
23 727
23 727
23 727
Free-cash
-35 490
4 564
15 539
8 408

Estimated living cost  is ₴23727 per week

₴15395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2231
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10319
₴7874
₴9800
₴10040
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 500
social contributions

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

-
-
-
16 158
income
-
-
-
4 171
surtax
-
-
-
-
total
-
-
-
20 329
Employee
23 653
-
37 576
-
surtax
-
-
-
-
income
4 920
-
9 438
-
social contributions
2 602
-
4 133
-
total
7 522
-
13 571
-
Employer
23 653
-
37 576
-
social contributions
5 617
-
8 924
-
total
5 617
-
8 924
-
Corporate
17 230
46 500
-
-
surtax
-
-
-
-
income
3 619
9 765
-
-
total
3 619
9 765
-
-
Dividends
13 611
36 735
-
-
withholding
3 811
10 285
-
-
total
3 811
10 285
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 569
20 050
22 495
20 329
After tax
25 931
26 450
24 005
26 171
Living cost
16 131
16 131
16 131
16 131
Free-cash
9 800
10 319
7 874
10 040

Estimated living cost  is ₴16131 per week

₴12069
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1403
₴1934
₴2133
₴2079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
590
social contributions
-
-
-
1 325
income
-
-
-
3 732
pensions
-
-
-
12 493
other
-
-
-
1 442
surtax
-
-
-
-
total
-
-
-
19 582
Employee
32 210
-
35 433
-
surtax
-
-
-
-
income
2 810
-
3 646
-
social contributions
917
-
1 009
-
pensions
3 643
-
4 007
-
total
7 370
-
8 662
-
Employer
32 210
-
35 433
-
unemployment
1 305
-
1 435
-
pensions
5 292
-
5 821
-
social contributions
97
-
106
-
other
1 112
-
1 223
-
health
2 254
-
2 480
-
total
10 060
-
11 065
-
Corporate
4 230
46 500
-
-
surtax
-
-
-
-
income
1 185
13 020
-
-
total
1 185
13 020
-
-
Dividends
3 045
33 480
-
-
withholding
389
4 285
-
-
surtax
-
-
-
-
social contributions
524
5 759
-
-
total
913
10 044
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 528
23 064
19 727
19 582
After tax
26 972
23 436
26 773
26 918
Living cost
24 839
24 839
24 839
24 839
Free-cash
2 133
-1 403
1 934
2 079

Estimated living cost  is ₴24839 per week

₴16810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2032
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26391
₴21473
₴24664
₴20168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
642
social contributions
-
-
-
10 231
total
-
-
-
10 873
Employee
16 533
-
40 260
-
social contributions
1 074
-
2 617
-
income
-
-
711
-
total
1 074
-
3 328
-
Employer
16 533
-
40 260
-
social contributions
2 563
-
6 240
-
total
2 563
-
6 240
-
Corporate
27 404
46 500
-
-
income
2 740
4 650
-
-
total
2 740
4 650
-
-
Dividends
24 663
41 850
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
6 377
4 650
9 568
10 873
After tax
40 123
41 850
36 932
35 627
Living cost
15 459
15 459
15 459
15 459
Free-cash
24 664
26 391
21 473
20 168

Estimated living cost  is ₴15459 per week

₴9995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1165
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-₴65373
-₴65373
-₴65373
₴4360
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
labour market
-
-
-
3 684
national
-
-
-
4 858
pensions
-
-
-
445
municipal
-
-
-
8 424
total
-
-
-
17 411
Employee
104 374
104 374
104 374
-
national
12 751
12 751
12 751
-
labour market
8 338
8 338
8 338
-
municipal
22 226
22 226
22 226
-
pensions
148
148
148
-
total
43 463
43 463
43 463
-
Employer
104 374
104 374
104 374
-
national
12 773
12 773
12 773
-
pensions
297
297
297
-
labour market
8 350
8 350
8 350
-
municipal
22 261
22 261
22 261
-
total
43 681
43 681
43 681
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
87 144
87 144
87 144
17 411
After tax
-40 644
-40 644
-40 644
29 089
Living cost
24 729
24 729
24 729
24 729
Free-cash
-65 373
-65 373
-65 373
4 360

Estimated living cost  is ₴24729 per week

₴16925
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴380
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7449
₴12476
₴2046
₴20733
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
1 128
income
-
-
-
10 948
pensions
-
-
-
2 153
other
-
-
-
192
accident
-
-
-
131
total
-
-
-
14 552
Employee
17 642
-
39 185
-
income
2 420
-
7 061
-
pensions
1 987
-
3 947
-
health
2 020
-
4 487
-
total
6 427
-
15 495
-
Employer
17 642
-
39 185
-
unemployment
432
-
960
-
pensions
2 868
-
5 700
-
accident
295
-
654
-
total
3 595
-
7 314
-
Corporate
25 263
46 500
-
-
income

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

22 737
41 850
-
-
total
22 737
41 850
-
-
Dividends
2 526
4 650
-
-
withholding
480
884
-
-
total
480
884
-
-
Income
46 500
46 500
46 500
46 500
Total tax
33 239
42 734
22 809
14 552
After tax
13 261
3 766
23 691
31 948
Living cost
11 215
11 215
11 215
11 215
Free-cash
2 046
-7 449
12 476
20 733

Estimated living cost  is ₴11215 per week

₴8163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11550
₴7173
₴9922
₴13827
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
46 500
health
-
-
-
502
national
-
-
-
4 147
municipal
-
-
-
8 280
total
-
-
-
12 929
Employee
27 057
-
39 118
-
national
447
-
2 195
-
unemployment
406
-
587
-
municipal
4 432
-
6 390
-
pensions
1 826
-
2 641
-
health
202
-
387
-
total
7 313
-
12 200
-
Employer
27 057
-
39 118
-
unemployment
176
-
255
-
pensions
4 694
-
6 787
-
accident
27
-
39
-
health
208
-
302
-
total
5 105
-
7 383
-
Corporate
14 338
46 500
-
-
income
2 867
9 300
-
-
total
2 867
9 300
-
-
Dividends

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

8 603
27 900
-
-
municipal
1 549
5 022
-
-
national
-
884
-
-
total
1 549
5 906
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 834
15 206
19 583
12 929
After tax
29 666
31 294
26 917
33 571
Living cost
19 744
19 744
19 744
19 744
Free-cash
9 922
11 550
7 173
13 827

Estimated living cost  is ₴19744 per week

₴12897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1899
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22159
₴21705
₴19361
₴21752
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
1 186
social contributions
-
-
-
7 254
income
-
-
-
4 401
total
-
-
-
12 841
Employee
39 545
39 545
42 216
-
income
4 306
3 661
4 382
-
social contributions
1 495
3 282
3 504
-
health
306
672
717
-
total
6 107
7 615
8 603
-
Employer
39 545
39 545
42 216
-
social contributions
1 495
3 282
3 504
-
health
333
732
781
-
total
1 828
4 014
4 285
-
Corporate
26 658
2 941
-
-
income
3 332
368
-
-
total
3 332
368
-
-
Dividends
23 326
2 573
-
-
withholding
3 965
437
-
-
total
3 965
437
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 232
12 434
12 888
12 841
After tax
31 268
34 066
33 612
33 659
Living cost
11 907
11 907
11 907
11 907
Free-cash
19 361
22 159
21 705
21 752

Estimated living cost  is ₴11907 per week

₴7136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1168
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3340
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30342
₴20531
₴27725
₴28821
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
46 500
health
-
-
-
1 861
income
-
-
-
4 367
pensions
-
-
-
3 271
unemployment
-
-
-
15
total
-
-
-
9 514
Employee

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

11 804
-
42 157
-
unemployment
59
-
211
-
income
807
-
3 343
-
pensions
1 770
-
6 324
-
health
1 003
-
3 584
-
total
3 639
-
13 462
-
Employer

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

11 804
-
42 157
-
unemployment
59
-
211
-
pensions
649
-
2 319
-
health
507
-
1 812
-
total
1 215
-
4 342
-
Corporate
33 481
46 500
-
-
income
3 014
4 185
-
-
total
3 014
4 185
-
-
Dividends
30 467
42 315
-
-
withholding
2 742
3 808
-
-
total
2 742
3 808
-
-
Income
46 500
46 500
46 500
46 500
Total tax
10 610
7 993
17 804
9 514
After tax
35 890
38 507
28 696
36 986
Living cost
8 165
8 165
8 165
8 165
Free-cash
27 725
30 342
20 531
28 821

Estimated living cost  is ₴8165 per week

₴5210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴588
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.
₴2124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17200
₴10764
₴14501
₴10432
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
7 975
pensions
-
-
-
13 159
unemployment
-
-
-
326
other
-
-
-
47
accident
-
-
-
419
total
-
-
-
21 926
Employee
19 016
-
35 259
-
unemployment
295
-
547
-
income
3 666
-
8 115
-
pensions
894
-
1 657
-
other
19
-
35
-
total
4 874
-
10 354
-
Employer
19 016
-
35 259
-
unemployment
1 046
-
1 939
-
pensions
4 487
-
8 321
-
accident
377
-
698
-
other
152
-
282
-
total
6 062
-
11 240
-
Corporate
21 422
46 500
-
-
income

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

3 214
6 975
-
-
total
3 214
6 975
-
-
Dividends
18 208
39 525
-
-
withholding
3 707
8 183
-
-
total
3 707
8 183
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 857
15 158
21 594
21 926
After tax
28 643
31 342
24 906
24 574
Living cost
14 142
14 142
14 142
14 142
Free-cash
14 501
17 200
10 764
10 432

Estimated living cost  is ₴14142 per week

₴9546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1359
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28054
₴28630
₴27897
₴28698
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
509
income
-
-
-
15 630
pensions
-
-
-
701
total
-
-
-
16 840
Employee
1 465
-
45 711
-
unemployment
15
-
35
-
income
283
-
15 593
-
pensions
132
-
316
-
health
73
-
175
-
total
503
-
16 119
-
Employer
1 465
-
45 711
-
unemployment
29
-
70
-
pensions
161
-
386
-
health
139
-
333
-
total
329
-
789
-
Corporate
44 706
46 500
-
-
income
9 835
10 230
-
-
total
9 835
10 230
-
-
Dividends
34 871
36 270
-
-
withholding
6 974
7 254
-
-
total
6 974
7 254
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 641
17 484
16 908
16 840
After tax
28 859
29 016
29 592
29 660
Living cost
962
962
962
962
Free-cash
27 897
28 054
28 630
28 698

Estimated living cost  is ₴962 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴24725
₴15151
₴22202
₴15149
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 500
health
-
-
-
3 905
income
-
-
-
8 150
pensions
-
-
-
9 856
unemployment
-
-
-
569
total
-
-
-
22 480
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.

13 377
-
39 714
-
unemployment
100
-
284
-
income
1 844
-
8 150
-
pensions
1 873
-
5 307
-
health
689
-
1 952
-
total
4 506
-
15 693
-
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.

13 377
-
39 714
-
unemployment
100
-
284
-
pensions
1 605
-
4 549
-
health
689
-
1 952
-
total
2 394
-
6 785
-
Corporate
30 729
46 500
-
-
income
4 609
6 975
-
-
total
4 609
6 975
-
-
Dividends
26 119
39 525
-
-
withholding
3 918
5 929
-
-
total
3 918
5 929
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 427
12 904
22 478
22 480
After tax
31 073
33 596
24 022
24 020
Living cost
8 871
8 871
8 871
8 871
Free-cash
22 202
24 725
15 151
15 149

Estimated living cost  is ₴8871 per week

₴5973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12586
₴10141
₴12400
₴12307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 500
social contributions

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

-
-
-
16 158
income
-
-
-
4 171
surtax
-
-
-
-
total
-
-
-
20 329
Employee
19 960
-
37 576
-
surtax
-
-
-
-
income
3 900
-
9 438
-
social contributions
2 196
-
4 133
-
total
6 096
-
13 571
-
Employer
19 960
-
37 576
-
social contributions
4 740
-
8 924
-
total
4 740
-
8 924
-
Corporate
21 800
46 500
-
-
surtax
-
-
-
-
income
4 578
9 765
-
-
total
4 578
9 765
-
-
Dividends
17 222
36 735
-
-
withholding
4 822
10 285
-
-
total
4 822
10 285
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 236
20 050
22 495
20 329
After tax
26 264
26 450
24 005
26 171
Living cost
13 864
13 864
13 864
13 864
Free-cash
12 400
12 586
10 141
12 307

Estimated living cost  is ₴13864 per week

₴9820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴963
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2836
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13268
₴6832
₴9347
₴6500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
7 975
pensions
-
-
-
13 159
unemployment
-
-
-
326
other
-
-
-
47
accident
-
-
-
419
total
-
-
-
21 926
Employee
24 837
-
35 259
-
unemployment
385
-
547
-
income
5 188
-
8 115
-
pensions
1 167
-
1 657
-
other
24
-
35
-
total
6 764
-
10 354
-
Employer
24 837
-
35 259
-
unemployment
1 366
-
1 939
-
pensions
5 861
-
8 321
-
accident
492
-
698
-
other
199
-
282
-
total
7 918
-
11 240
-
Corporate
13 744
46 500
-
-
income

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

2 061
6 975
-
-
total
2 061
6 975
-
-
Dividends
11 683
39 525
-
-
withholding
2 336
8 183
-
-
total
2 336
8 183
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 079
15 158
21 594
21 926
After tax
27 421
31 342
24 906
24 574
Living cost
18 074
18 074
18 074
18 074
Free-cash
9 347
13 268
6 832
6 500

Estimated living cost  is ₴18074 per week

₴12980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3434
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30931
₴27263
₴27804
₴25912
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
2 061
income
-
-
-
6 975
pensions

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

-
-
-
2 653
unemployment
-
-
-
72
total
-
-
-
11 761
Employee
11 688
-
42 984
-
income
1 169
-
4 298
-
accident

We are using the highest rate at 1.1%.

128
-
197
-
pensions

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

1 026
-
1 574
-
health
538
-
824
-
total
2 861
-
6 893
-
Employer
11 688
-
42 984
-
unemployment
70
-
108
-
pensions

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

1 288
-
1 975
-
accident

We are using the highest rate at 1.1%.

128
-
197
-
health
807
-
1 237
-
total
2 293
-
3 517
-
Corporate
32 519
46 500
-
-
income
3 252
4 650
-
-
total
3 252
4 650
-
-
Dividends
29 267
41 850
-
-
withholding
1 463
2 092
-
-
total
1 463
2 092
-
-
Income
46 500
46 500
46 500
46 500
Total tax
9 869
6 742
10 410
11 761
After tax
36 631
39 758
36 090
34 739
Living cost
8 827
8 827
8 827
8 827
Free-cash
27 804
30 931
27 263
25 912

Estimated living cost  is ₴8827 per week

₴5838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2273
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4149
₴13804
₴10878
₴10562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 500
health

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

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

-
-
-
3 513
income

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

-
-
-
8 842
trade
-
-
-
3 242
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.

-
-
-
486
total
-
-
-
16 083
Employee

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

25 588
-
46 500
-
surtax

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

116
-
486
-
income

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

2 104
-
8 842
-
health

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

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

3 513
-
3 513
-
total
5 733
-
12 841
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 912
46 500
-
-
trade
3 001
6 672
-
-
chamber of commerce
108
146
-
-
surtax

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

173
384
-
-
income
3 137
6 975
-
-
total
6 419
14 177
-
-
Dividends
14 493
32 323
-
-
withholding
3 427
7 886
-
-
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.

188
433
-
-
total
3 615
8 319
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 767
22 496
12 841
16 083
After tax
30 733
24 004
33 659
30 417
Living cost
19 855
19 855
19 855
19 855
Free-cash
10 878
4 149
13 804
10 562

Estimated living cost  is ₴19855 per week

₴13696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3255
₴3073
₴4390
₴3073
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
10 100
social contributions
-
-
-
4 032
total
-
-
-
14 132
Employee
40 228
-
46 500
-
social contributions
3 342
-
4 032
-
income
7 591
-
10 100
-
total
10 933
-
14 132
-
Employer
40 228
-
46 500
-
total
-
-
-
-
Corporate
6 272
46 500
-
-
income
784
5 813
-
-
total
784
5 813
-
-
Dividends
5 489
40 687
-
-
withholding
1 098
8 137
-
-
total
1 098
8 137
-
-
Income
46 500
46 500
46 500
46 500
Total tax
12 815
13 950
14 132
14 132
After tax
33 685
32 550
32 368
32 368
Living cost
29 295
29 295
29 295
29 295
Free-cash
4 390
3 255
3 073
3 073

Estimated living cost  is ₴29295 per week

₴22287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2387
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8840
₴15405
₴11350
₴9992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 500
health

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

-
-
-
3 201
income
-
-
-
14 639
total
-
-
-
17 840
Employee
23 592
-
44 134
-
social contributions
2 364
-
2 366
-
income
2 560
-
7 695
-
total
4 924
-
10 061
-
Employer
23 592
-
44 134
-
social contributions
2 364
-
2 366
-
total
2 364
-
2 366
-
Corporate
20 545
46 500
-
-
income
7 191
16 275
-
-
total
7 191
16 275
-
-
Dividends
13 354
30 225
-
-
social contributions
2 003
2 717
-
-
total
2 003
2 717
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 482
18 992
12 427
17 840
After tax
30 018
27 508
34 073
28 660
Living cost
18 668
18 668
18 668
18 668
Free-cash
11 350
8 840
15 405
9 992

Estimated living cost  is ₴18668 per week

₴12297
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
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.
₴4613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15786
₴10224
₴12892
₴15322
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
8 795
pensions
-
-
-
3 328
total
-
-
-
12 123
Employee
26 156
-
41 026
-
income
4 763
-
7 320
-
pensions
1 996
-
3 781
-
health
341
-
646
-
total
7 100
-
11 747
-
Employer
26 156
-
41 026
-
pensions
2 643
-
4 694
-
health
497
-
780
-
total
3 140
-
5 474
-
Corporate
17 205
46 500
-
-
income

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

3 268
8 835
-
-
total
3 268
8 835
-
-
Dividends
13 936
37 665
-
-
withholding
1 045
2 824
-
-
total
1 045
2 824
-
-
Income
46 500
46 500
46 500
46 500
Total tax
14 553
11 659
17 221
12 123
After tax
31 947
34 841
29 279
34 377
Living cost
19 055
19 055
19 055
19 055
Free-cash
12 892
15 786
10 224
15 322

Estimated living cost  is ₴19055 per week

₴13072
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1752
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8559
₴11366
₴1876
₴19623
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
health
-
-
-
1 128
income
-
-
-
10 948
pensions
-
-
-
2 153
other
-
-
-
192
accident
-
-
-
131
total
-
-
-
14 552
Employee
19 388
-
39 185
-
income
2 660
-
7 061
-
pensions
2 183
-
3 947
-
health
2 220
-
4 487
-
total
7 063
-
15 495
-
Employer
19 388
-
39 185
-
unemployment
475
-
960
-
pensions
3 152
-
5 700
-
accident
324
-
654
-
total
3 951
-
7 314
-
Corporate
23 161
46 500
-
-
income

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

20 845
41 850
-
-
total
20 845
41 850
-
-
Dividends
2 316
4 650
-
-
withholding
440
884
-
-
total
440
884
-
-
Income
46 500
46 500
46 500
46 500
Total tax
32 299
42 734
22 809
14 552
After tax
14 201
3 766
23 691
31 948
Living cost
12 325
12 325
12 325
12 325
Free-cash
1 876
-8 559
11 366
19 623

Estimated living cost  is ₴12325 per week

₴9045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴718
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32584
₴21259
₴30085
₴19770
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
46 500
work injury
-
-
-
233
income
-
-
-
7 001
health insurance
-
-
-
3 441
pensions
-
-
-
8 556
unemployment
-
-
-
558
total
-
-
-
19 789
Employee

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

11 105
-
46 500
-
unemployment
133
-
493
-
work injury
56
-
205
-
income
1 111
-
7 001
-
health insurance
822
-
3 041
-
pensions
2 043
-
7 560
-
total
4 165
-
18 300
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 395
46 500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
35 395
46 500
-
-
withholding
5 309
6 975
-
-
total
5 309
6 975
-
-
Income
46 500
46 500
46 500
46 500
Total tax
9 474
6 975
18 300
19 789
After tax
37 026
39 525
28 200
26 711
Living cost
6 941
6 941
6 941
6 941
Free-cash
30 085
32 584
21 259
19 770

Estimated living cost  is ₴6941 per week

₴4300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4005
₴1199
₴1667
₴3324
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
social contributions
-
-
-
11 960
national
-
-
-
9 534
regional
-
-
-
884
municipal
-
-
-
311
total
-
-
-
22 689
Employee
43 336
-
46 500
-
regional
654
-
737
-
national
7 323
-
8 120
-
municipal
259
-
277
-
social contributions
14 613
-
15 680
-
total
22 849
-
24 814
-
Employer
43 336
-
46 500
-
total
-
-
-
-
Corporate
3 164
46 500
-
-
nationa
759
11 160
-
-
municipal
152
2 242
-
-
total
911
13 402
-
-
Dividends
2 253
33 099
-
-
withholding
586
8 606
-
-
total
586
8 606
-
-
Income
46 500
46 500
46 500
46 500
Total tax
24 346
22 008
24 814
22 689
After tax
22 154
24 492
21 686
23 811
Living cost
20 487
20 487
20 487
20 487
Free-cash
1 667
4 005
1 199
3 324

Estimated living cost  is ₴20487 per week

₴14391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1409
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4377
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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