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
₴8646
₴18539
₴14811
₴14078
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
9 227
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.

-
-
-
508
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.

-
-
-
3 354
trade
-
-
-
3 728
total
-
-
-
16 817
Employee

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

18 780
-
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.

29
-
508
-
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.

525
-
9 227
-
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.

3 354
-
3 354
-
total
3 908
-
13 089
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 720
46 500
-
-
income
4 158
6 975
-
-
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.

228
384
-
-
chamber of commerce
115
142
-
-
trade
4 365
7 324
-
-
total
8 866
14 825
-
-
Dividends
18 854
31 675
-
-
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.

249
425
-
-
withholding
4 527
7 732
-
-
total
4 776
8 157
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 550
22 982
13 089
16 817
After tax
28 950
23 518
33 411
29 683
Living cost
14 872
14 872
14 872
14 872
Free-cash
14 078
8 646
18 539
14 811

Estimated living cost  is ₴14872 per week

₴9355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3012
₴2586
₴2221
₴2531
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
4 783
national
-
-
-
7 412
pensions
-
-
-
5 580
total
-
-
-
18 275
Employee
40 311
-
40 199
-
municipal
4 979
-
4 963
-
pensions
1 612
-
1 608
-
national
7 716
-
7 691
-
total
14 307
-
14 262
-
Employer
40 311
-
40 199
-
pensions
3 225
-
3 216
-
social contributions
433
-
432
-
total
3 658
-
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
17 965
17 484
17 910
18 275
After tax
28 535
29 016
28 590
28 225
Living cost
26 004
26 004
26 004
26 004
Free-cash
2 531
3 012
2 586
2 221

Estimated living cost  is ₴26004 per week

₴17675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴389
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26985
₴16025
₴14638
₴22958
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
6 697
surtax
-
-
-
-
social contributions

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

-
-
-
14 950
microenterprise
-
-
-
-
total
-
-
-
21 647
Employee
14 348
-
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.

1 578
-
4 122
-
income
2 554
-
7 111
-
total
4 132
-
11 233
-
Employer
14 348
-
37 473
-
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.

3 456
-
9 027
-
surtax
-
-
-
-
total
3 456
-
9 027
-
Corporate
28 696
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%.

5 739
9 300
-
-
total
5 739
9 300
-
-
Dividends

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

22 958
37 200
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
13 327
9 300
20 260
21 647
After tax
33 173
37 200
26 240
24 853
Living cost
10 215
10 215
10 215
10 215
Free-cash
22 958
26 985
16 025
14 638

Estimated living cost  is ₴10215 per week

₴6517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴499
-₴2257
₴5839
-₴2257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 604
health
-
-
-
5 735
pensions
-
-
-
5 753
total
-
-
-
20 092
Employee
41 930
41 930
41 930
-
pensions
7 547
5 753
7 547
-
income

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

6 863
6 863
6 863
-
health
6 436
5 474
6 436
-
total
20 846
18 090
20 846
-
Employer
41 930
41 930
41 930
-
health
2 915
2 915
2 915
-
pensions
2 918
2 918
2 918
-
unemployment
1 509
1 509
1 509
-
total
7 342
7 342
7 342
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
28 188
25 432
28 188
20 092
After tax
18 312
21 068
18 312
26 408
Living cost
20 569
20 569
20 569
20 569
Free-cash
-2 257
499
-2 257
5 839

Estimated living cost  is ₴20569 per week

₴14577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1854
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.
₴3811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5133
₴4575
₴3353
₴4678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
89
other
-
-
-
5 158
unemployment
-
-
-
44
health
-
-
-
2 770
municipal
-
-
-
10 031
national
-
-
-
-
pensions
-
-
-
4 799
total
-
-
-
22 891
Employee
28 862
-
35 383
-
municipal
8 607
-
10 551
-
national
-
-
-
-
total
8 607
-
10 551
-
Employer
28 862
-
35 383
-
health
1 775
-
2 176
-
pensions
3 120
-
3 825
-
accident
58
-
71
-
unemployment
762
-
934
-
other
3 354
-
4 112
-
total
9 069
-
11 118
-
Corporate
8 569
46 500
-
-
income
1 885
10 230
-
-
total
1 885
10 230
-
-
Dividends
6 684
36 270
-
-
withholding
2 005
10 881
-
-
total
2 005
10 881
-
-
Income
46 500
46 500
46 500
46 500
Total tax
21 566
21 111
21 669
22 891
After tax
24 934
25 389
24 831
23 609
Living cost
20 256
20 256
20 256
20 256
Free-cash
4 678
5 133
4 575
3 353

Estimated living cost  is ₴20256 per week

₴13425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4536
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3990
₴14122
₴10228
₴10891
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
9 227
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.

-
-
-
508
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.

-
-
-
3 354
trade
-
-
-
3 894
total
-
-
-
16 983
Employee

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

24 900
-
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.

117
-
508
-
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.

2 139
-
9 227
-
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.

3 354
-
3 354
-
total
5 610
-
13 089
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 600
46 500
-
-
income
3 240
6 975
-
-
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
384
-
-
chamber of commerce
105
141
-
-
trade
3 553
7 649
-
-
total
7 076
15 149
-
-
Dividends
14 524
31 351
-
-
surtax

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

189
421
-
-
withholding
3 445
7 651
-
-
total
3 634
8 072
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 320
23 221
13 089
16 983
After tax
30 180
23 279
33 411
29 517
Living cost
19 289
19 289
19 289
19 289
Free-cash
10 891
3 990
14 122
10 228

Estimated living cost  is ₴19289 per week

₴12901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
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.
₴4066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18125
₴17369
₴17415
₴16089
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 719
social contributions
-
-
-
7 254
health
-
-
-
1 186
total
-
-
-
13 159
Employee
37 756
37 756
42 216
-
social contributions
1 835
3 134
3 504
-
income
3 965
3 495
4 699
-
health
376
642
717
-
total
6 176
7 271
8 920
-
Employer
37 756
37 756
42 216
-
health
409
699
781
-
social contributions
1 835
3 134
3 504
-
total
2 244
3 833
4 285
-
Corporate
22 155
4 911
-
-
income
2 769
614
-
-
total
2 769
614
-
-
Dividends
19 386
4 297
-
-
withholding
3 296
731
-
-
total
3 296
731
-
-
Income
46 500
46 500
46 500
46 500
Total tax
14 485
12 449
13 205
13 159
After tax
32 015
34 051
33 295
33 341
Living cost
15 926
15 926
15 926
15 926
Free-cash
16 089
18 125
17 369
17 415

Estimated living cost  is ₴15926 per week

₴10887
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1244
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.
₴3528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17191
₴17941
₴23197
₴17380
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 685
unemployment
-
-
-
698
health
-
-
-
3 255
pensions
-
-
-
4 650
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.

13 014
5 179
38 912
-
unemployment
195
78
584
-
pensions
1 301
518
3 891
-
income
1 591
633
4 757
-
health
911
363
2 724
-
total
3 998
1 592
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.

13 014
5 179
38 912
-
pensions
2 538
1 010
7 588
-
total
2 538
1 010
7 588
-
Corporate
30 949
40 311
-
-
income
2 785
3 628
-
-
total
2 785
3 628
-
-
Dividends
28 163
36 683
-
-
social contributions
5 433
7 094
-
-
withholding
5 351
6 970
-
-
total
10 784
14 064
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 105
20 294
19 544
14 288
After tax
26 395
26 206
26 956
32 212
Living cost
9 015
9 015
9 015
9 015
Free-cash
17 380
17 191
17 941
23 197

Estimated living cost  is ₴9015 per week

₴6152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25340
₴14942
₴13064
₴22290
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 231
health
-
-
-
6 045
pensions
-
-
-
9 300
total
-
-
-
21 576
Employee
13 929
-
34 753
-
unemployment
223
-
556
-
pensions
279
-
695
-
income
1 568
-
6 700
-
total
2 070
-
7 951
-
Employer
13 929
-
34 753
-
health
1 810
-
4 518
-
pensions
2 786
-
6 951
-
unemployment
112
-
278
-
total
4 708
-
11 747
-
Corporate
27 862
46 500
-
-
income
5 572
9 300
-
-
total
5 572
9 300
-
-
Dividends
22 290
37 200
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
12 350
9 300
19 698
21 576
After tax
34 150
37 200
26 802
24 924
Living cost
11 860
11 860
11 860
11 860
Free-cash
22 290
25 340
14 942
13 064

Estimated living cost  is ₴11860 per week

₴8134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7182
₴12863
₴20988
₴2088
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
11 098
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
14 564
Employee
17 222
-
39 394
-
pensions
1 939
-
3 797
-
income
2 363
-
7 275
-
health
1 972
-
4 511
-
total
6 274
-
15 583
-
Employer
17 222
-
39 394
-
pensions
2 800
-
5 483
-
accident
288
-
658
-
unemployment
422
-
965
-
total
3 510
-
7 106
-
Corporate
25 768
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.

23 191
41 850
-
-
total
23 191
41 850
-
-
Dividends
2 577
4 650
-
-
withholding
489
884
-
-
total
489
884
-
-
Income
46 500
46 500
46 500
46 500
Total tax
33 464
42 734
22 689
14 564
After tax
13 036
3 766
23 811
31 936
Living cost
10 948
10 948
10 948
10 948
Free-cash
2 088
-7 182
12 863
20 988

Estimated living cost  is ₴10948 per week

₴8024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40155
₴33180
₴42015
₴39401
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 025
-
46 500
-
income
1 005
-
9 300
-
total
1 005
-
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%.

41 475
46 500
-
-
total
-
-
-
-
Dividends
41 475
46 500
-
-
withholding
2 074
2 325
-
-
total
2 074
2 325
-
-
Income
46 500
46 500
46 500
46 500
Total tax
3 079
2 325
9 300
465
After tax
43 421
44 175
37 200
46 035
Living cost
4 020
4 020
4 020
4 020
Free-cash
39 401
40 155
33 180
42 015

Estimated living cost  is ₴4020 per week

₴2491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21080
₴14172
₴12096
₴17764
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 907
other
-
-
-
2 208
health
-
-
-
2 046
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
total
-
-
-
21 321
Employee
17 828
-
37 140
-
unemployment
178
-
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.

1 248
-
2 600
-
income
3 069
-
6 393
-
health
250
-
520
-
total
4 745
-
9 885
-
Employer
17 828
-
37 140
-
health
250
-
520
-
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.

3 031
-
6 314
-
accident
143
-
297
-
unemployment
178
-
372
-
other
892
-
1 857
-
total
4 494
-
9 360
-
Corporate
24 179
46 500
-
-
income
5 077
9 765
-
-
total
5 077
9 765
-
-
Dividends
19 102
36 735
-
-
withholding
1 337
2 572
-
-
total
1 337
2 572
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 653
12 337
19 245
21 321
After tax
30 847
34 163
27 255
25 179
Living cost
13 083
13 083
13 083
13 083
Free-cash
17 764
21 080
14 172
12 096

Estimated living cost  is ₴13083 per week

₴9244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴883
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.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴1998
-₴3516
₴1241
-₴6139
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 171
pensions
-
-
-
3 368
total
-
-
-
12 539
Employee
46 294
-
40 988
-
pensions
4 466
-
3 829
-
income
8 345
-
7 301
-
health
763
-
654
-
total
13 574
-
11 784
-
Employer
46 294
-
40 988
-
health
879
-
779
-
pensions
5 466
-
4 733
-
total
6 345
-
5 512
-
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
-
2 947
-
-
total
-
2 947
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 919
11 782
17 296
12 539
After tax
26 581
34 718
29 204
33 961
Living cost
32 720
32 720
32 720
32 720
Free-cash
-6 139
1 998
-3 516
1 241

Estimated living cost  is ₴32720 per week

₴24518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴33319
₴29899
₴28506
₴31038
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 975
unemployment
-
-
-
69
health
-
-
-
1 973
pensions

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

-
-
-
2 539
total
-
-
-
11 556
Employee
8 525
-
43 135
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

749
-
1 506
-
income
852
-
4 313
-
health
392
-
789
-
total
2 087
-
6 797
-
Employer
8 525
-
43 135
-
health
588
-
1 184
-
pensions

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

940
-
1 890
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 673
-
3 366
-
Corporate
36 302
46 500
-
-
income
3 630
4 650
-
-
total
3 630
4 650
-
-
Dividends
32 672
41 850
-
-
withholding
1 634
2 093
-
-
total
1 634
2 093
-
-
Income
46 500
46 500
46 500
46 500
Total tax
9 024
6 743
10 163
11 556
After tax
37 476
39 757
36 337
34 944
Living cost
6 438
6 438
6 438
6 438
Free-cash
31 038
33 319
29 899
28 506

Estimated living cost  is ₴6438 per week

₴3759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴460
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6159
-₴8915
-₴819
-₴6992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 604
health
-
-
-
5 735
pensions
-
-
-
5 753
total
-
-
-
20 092
Employee
45 523
41 930
41 930
-
pensions
5 753
5 753
7 547
-
income

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

6 863
6 863
6 863
-
health
5 679
5 474
6 436
-
total
18 295
18 090
20 846
-
Employer
45 523
41 930
41 930
-
health
3 163
2 915
2 915
-
pensions
3 168
2 918
2 918
-
unemployment
1 639
1 509
1 509
-
total
7 970
7 342
7 342
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
26 265
25 432
28 188
20 092
After tax
20 235
21 068
18 312
26 408
Living cost
27 227
27 227
27 227
27 227
Free-cash
-6 992
-6 159
-8 915
-819

Estimated living cost  is ₴27227 per week

₴20085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4399
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19814
₴11396
₴10446
₴15461
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 997
social contributions
-
-
-
13 578
solidarity contribution
-
-
-
-
health
-
-
-
6 278
total
-
-
-
23 853
Employee
17 942
-
34 701
-
solidarity contribution
-
-
-
-
social contributions
1 166
-
2 256
-
income
2 153
-
4 164
-
health
2 422
-
4 685
-
total
5 741
-
11 105
-
Employer
17 942
-
34 701
-
health
1 615
-
3 123
-
social contributions
4 486
-
8 675
-
total
6 101
-
11 798
-
Corporate
22 457
46 500
-
-
income
4 267
8 835
-
-
total
4 267
8 835
-
-
Dividends
18 190
37 665
-
-
withholding
2 729
5 650
-
-
total
2 729
5 650
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 838
14 485
22 903
23 853
After tax
27 662
32 015
23 597
22 647
Living cost
12 201
12 201
12 201
12 201
Free-cash
15 461
19 814
11 396
10 446

Estimated living cost  is ₴12201 per week

₴8475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4091
₴1127
₴3340
₴1526
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 959
regional
-
-
-
509
municipal
-
-
-
277
national
-
-
-
9 696
total
-
-
-
22 441
Employee
43 638
-
46 500
-
municipal
231
-
247
-
national
7 561
-
8 283
-
regional
412
-
444
-
social contributions
14 715
-
15 680
-
total
22 919
-
24 654
-
Employer
43 638
-
46 500
-
total
-
-
-
-
Corporate
2 862
46 500
-
-
municipal
112
1 813
-
-
nationa
687
11 160
-
-
total
799
12 973
-
-
Dividends
2 063
33 527
-
-
withholding
537
8 717
-
-
total
537
8 717
-
-
Income
46 500
46 500
46 500
46 500
Total tax
24 255
21 690
24 654
22 441
After tax
22 245
24 810
21 846
24 059
Living cost
20 719
20 719
20 719
20 719
Free-cash
1 526
4 091
1 127
3 340

Estimated living cost  is ₴20719 per week

₴14443
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.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4599
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18414
₴12459
₴13356
₴16884
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 587
other
-
-
-
-
surtax
-
-
-
1 009
unemployment
-
-
-
112
health
-
-
-
3 301
pensions
-
-
-
9 300
total
-
-
-
22 309
Employee
16 237
-
38 414
-
other
-
-
-
-
unemployment
1 130
-
2 673
-
pensions
1 083
-
2 562
-
surtax
53
-
906
-
income
2 722
-
8 000
-
health
415
-
979
-
total
5 403
-
15 120
-
Employer
16 237
-
38 414
-
health
739
-
1 748
-
pensions
2 165
-
5 120
-
unemployment
514
-
1 218
-
other
-
-
-
-
total
3 418
-
8 086
-
Corporate
26 845
46 500
-
-
income
6 980
12 090
-
-
total
6 980
12 090
-
-
Dividends
19 865
34 410
-
-
withholding
2 980
5 161
-
-
total
2 980
5 161
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 781
17 251
23 206
22 309
After tax
27 719
29 249
23 294
24 191
Living cost
10 835
10 835
10 835
10 835
Free-cash
16 884
18 414
12 459
13 356

Estimated living cost  is ₴10835 per week

₴6625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
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.
₴2960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12365
₴6851
₴11608
₴8639
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 171
pensions
-
-
-
3 368
total
-
-
-
12 539
Employee
31 025
-
40 988
-
pensions
2 633
-
3 829
-
income
5 588
-
7 301
-
health
450
-
654
-
total
8 671
-
11 784
-
Employer
31 025
-
40 988
-
health
589
-
779
-
pensions
3 358
-
4 733
-
total
3 947
-
5 512
-
Corporate
11 527
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.

2 190
8 835
-
-
total
2 190
8 835
-
-
Dividends
9 337
37 665
-
-
withholding
700
2 947
-
-
total
700
2 947
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 508
11 782
17 296
12 539
After tax
30 992
34 718
29 204
33 961
Living cost
22 353
22 353
22 353
22 353
Free-cash
8 639
12 365
6 851
11 608

Estimated living cost  is ₴22353 per week

₴16747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1675
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3697
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴17546
-₴2238
₴152
-₴3246
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
regional
-
-
-
1 497
health
-
-
-
127
city
-
-
-
489
national
-
-
-
216
pensions
-
-
-
4 278
total
-
-
-
7 537
Employee
45 419
-
41 621
-
unemployment
-
-
-
-
pensions
3 816
-
3 496
-
national
215
-
185
-
regional
1 487
-
1 282
-
city
487
-
448
-
health
103
-
94
-
total
6 108
-
5 505
-
Employer
45 419
-
41 621
-
health
103
-
94
-
pensions
3 816
-
3 496
-
unemployment
-
-
-
-
other

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

908
-
832
-
total
4 827
-
4 422
-
Corporate
-
46 500
-
-
regional
-
9 834
-
-
national
-
3 952
-
-
total
-
13 786
-
-
Dividends
-
32 713
-
-
withholding
-
11 449
-
-
total
-
11 449
-
-
Income
46 500
46 500
46 500
46 500
Total tax
10 935
25 235
9 927
7 537
After tax
35 565
21 265
36 573
38 963
Living cost
38 811
38 811
38 811
38 811
Free-cash
-3 246
-17 546
-2 238
152

Estimated living cost  is ₴38811 per week

₴25238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴546
₴10918
₴6858
₴8510
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
9 227
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.

-
-
-
508
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.

-
-
-
3 354
trade
-
-
-
4 060
total
-
-
-
17 149
Employee

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

29 509
-
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.

191
-
508
-
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.

3 470
-
9 227
-
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.

3 354
-
3 354
-
total
7 015
-
13 089
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 991
46 500
-
-
income
2 548
6 975
-
-
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.

140
384
-
-
chamber of commerce
99
140
-
-
trade
2 914
7 975
-
-
total
5 701
15 474
-
-
Dividends
11 290
31 026
-
-
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.

145
417
-
-
withholding
2 636
7 570
-
-
total
2 781
7 987
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 497
23 461
13 089
17 149
After tax
31 003
23 039
33 411
29 351
Living cost
22 493
22 493
22 493
22 493
Free-cash
8 510
546
10 918
6 858

Estimated living cost  is ₴22493 per week

₴16428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1799
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.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6637
₴9721
₴10054
₴9539
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 060
other
-
-
-
1 442
surtax
-
-
-
-
social contributions
-
-
-
1 325
health
-
-
-
717
pensions
-
-
-
12 103
total
-
-
-
19 647
Employee
21 015
-
35 434
-
pensions
2 376
-
4 008
-
surtax
-
-
-
-
social contributions
599
-
1 010
-
income
1 240
-
3 896
-
total
4 215
-
8 914
-
Employer
21 015
-
35 434
-
health
1 471
-
2 480
-
pensions
3 452
-
5 822
-
unemployment
851
-
1 435
-
social contributions
63
-
106
-
other
725
-
1 223
-
total
6 562
-
11 066
-
Corporate
18 923
46 500
-
-
income
5 298
13 020
-
-
surtax
-
-
-
-
total
5 298
13 020
-
-
Dividends
13 625
33 480
-
-
surtax
-
-
-
-
social contributions
2 343
5 759
-
-
withholding
1 744
4 285
-
-
total
4 087
10 044
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 162
23 064
19 980
19 647
After tax
26 338
23 436
26 520
26 853
Living cost
16 799
16 799
16 799
16 799
Free-cash
9 539
6 637
9 721
10 054

Estimated living cost  is ₴16799 per week

₴10593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
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.
₴4555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴8301
₴11385
₴11718
₴11029
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 060
other
-
-
-
1 442
surtax
-
-
-
-
social contributions
-
-
-
1 325
health
-
-
-
717
pensions
-
-
-
12 103
total
-
-
-
19 647
Employee
18 758
-
35 434
-
pensions
2 122
-
4 008
-
surtax
-
-
-
-
social contributions
535
-
1 010
-
income
967
-
3 896
-
total
3 624
-
8 914
-
Employer
18 758
-
35 434
-
health
1 313
-
2 480
-
pensions
3 082
-
5 822
-
unemployment
759
-
1 435
-
social contributions
56
-
106
-
other
648
-
1 223
-
total
5 858
-
11 066
-
Corporate
21 883
46 500
-
-
income
6 127
13 020
-
-
surtax
-
-
-
-
total
6 127
13 020
-
-
Dividends
15 756
33 480
-
-
surtax
-
-
-
-
social contributions
2 711
5 759
-
-
withholding
2 016
4 285
-
-
total
4 727
10 044
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 336
23 064
19 980
19 647
After tax
26 164
23 436
26 520
26 853
Living cost
15 135
15 135
15 135
15 135
Free-cash
11 029
8 301
11 385
11 718

Estimated living cost  is ₴15135 per week

₴8777
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1537
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17958
₴19667
₴19451
₴18212
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 975
social contributions
-
-
-
6 417
health
-
-
-
3 245
total
-
-
-
16 637
Employee
16 648
-
46 500
-
social contributions
2 298
-
6 417
-
income
2 777
-
6 759
-
health
1 162
-
3 245
-
total
6 237
-
16 421
-
Employer
16 648
-
46 500
-
total
-
-
-
-
Corporate
29 852
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%.

1 493
2 325
-
-
total
1 493
2 325
-
-
Dividends
28 359
44 175
-
-
social contributions
3 913
6 096
-
-
withholding
4 254
6 626
-
-
health
1 979
3 083
-
-
total
10 146
15 805
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 876
18 130
16 421
16 637
After tax
28 624
28 370
30 079
29 863
Living cost
10 412
10 412
10 412
10 412
Free-cash
18 212
17 958
19 667
19 451

Estimated living cost  is ₴10412 per week

₴6968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8810
-₴2861
₴6457
₴8050
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 287
surtax
-
-
-
97
unemployment
-
-
-
3 012
chamber of commerce
-
-
-
186
health
-
-
-
3 558
pensions
-
-
-
8 602
total
-
-
-
22 742
Employee
24 539
19 567
36 032
-
other
245
196
361
-
unemployment
736
587
1 081
-
pensions
2 513
2 003
3 690
-
income
2 793
1 443
6 522
-
health
949
758
1 395
-
total
7 236
4 987
13 049
-
Employer
24 539
19 567
36 032
-
chamber of commerce
98
78
144
-
health
927
740
1 362
-
pensions
3 080
2 456
4 522
-
accident
319
254
469
-
unemployment
736
587
1 081
-
surtax
97
97
97
-
payroll
736
587
1 081
-
other
1 166
929
1 712
-
total
7 159
5 728
10 468
-
Corporate
14 804
21 204
34 169
-
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.

3 701
5 301
8 543
-
total
3 701
5 301
8 543
-
Dividends
11 102
15 903
-
-
withholding
3 053
4 373
-
-
total
3 053
4 373
-
-
Income
46 500
46 500
46 500
46 500
Total tax
21 149
20 389
32 060
22 742
After tax
25 351
26 111
14 440
23 758
Living cost
17 301
17 301
17 301
17 301
Free-cash
8 050
8 810
-2 861
6 457

Estimated living cost  is ₴17301 per week

₴11539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4002
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8186
₴381
₴4255
₴821
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 363
social contributions
-
-
-
7 113
national
-
-
-
14 866
total
-
-
-
24 342
Employee

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

35 122
-
36 015
-
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.

306
-
313
-
communal

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

1 832
-
1 878
-
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.

2 634
-
2 701
-
national
10 798
-
11 147
-
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.

1 650
-
1 692
-
total
17 220
-
17 731
-
Employer

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

35 122
-
36 015
-
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.

2 160
-
2 215
-
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.

3 112
-
3 190
-
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.

457
-
469
-
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.

512
-
526
-
surtax
3 982
-
4 085
-
total
10 223
-
10 485
-
Corporate
1 154
46 500
-
-
income
231
9 300
-
-
surtax
5
186
-
-
total
236
9 486
-
-
Dividends
918
37 013
-
-
withholding

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

97
10 925
-
-
total
97
10 925
-
-
Income
46 500
46 500
46 500
46 500
Total tax
27 776
20 411
28 216
24 342
After tax
18 724
26 089
18 284
22 158
Living cost
17 903
17 903
17 903
17 903
Free-cash
821
8 186
381
4 255

Estimated living cost  is ₴17903 per week

₴11532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1565
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.
₴4526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13604
₴7077
₴6966
₴9692
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
8 148
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
21 802
Employee
24 441
-
35 259
-
other
24
-
35
-
unemployment
379
-
547
-
pensions
1 149
-
1 657
-
income
5 157
-
8 212
-
total
6 709
-
10 451
-
Employer
24 441
-
35 259
-
pensions
5 768
-
8 321
-
accident
484
-
698
-
unemployment
1 345
-
1 939
-
other
195
-
282
-
total
7 792
-
11 240
-
Corporate
14 268
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.

2 140
6 975
-
-
total
2 140
6 975
-
-
Dividends
12 128
39 525
-
-
withholding
2 435
8 189
-
-
total
2 435
8 189
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 076
15 164
21 691
21 802
After tax
27 424
31 336
24 809
24 698
Living cost
17 732
17 732
17 732
17 732
Free-cash
9 692
13 604
7 077
6 966

Estimated living cost  is ₴17732 per week

₴13058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1258
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.
₴3161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1853
₴2406
₴244
-₴1362
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 939
accident
-
-
-
392
income
-
-
-
3 698
surtax
-
-
-
2 305
health
-
-
-
3 268
pensions
-
-
-
6 970
total
-
-
-
19 572
Employee
37 184
-
41 537
-
pensions
2 974
-
3 323
-
surtax
2 279
-
2 546
-
income
3 592
-
4 730
-
health
1 655
-
1 848
-
total
10 500
-
12 447
-
Employer
37 184
-
41 537
-
health
1 134
-
1 266
-
pensions
2 974
-
3 323
-
accident
335
-
374
-
total
4 443
-
4 963
-
Corporate
4 873
46 500
-
-
communal
-
3 139
-
-
income
731
6 975
-
-
surtax
51
488
-
-
total
782
10 602
-
-
Dividends
4 091
35 897
-
-
income
4 839
1 976
-
-
withholding
614
5 385
-
-
total
5 453
7 361
-
-
Income
46 500
46 500
46 500
46 500
Total tax
21 178
17 963
17 410
19 572
After tax
25 322
28 537
29 090
26 928
Living cost
26 684
26 684
26 684
26 684
Free-cash
-1 362
1 853
2 406
244

Estimated living cost  is ₴26684 per week

₴20017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18220
₴12265
₴13162
₴16656
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 587
other
-
-
-
-
surtax
-
-
-
1 009
unemployment
-
-
-
112
health
-
-
-
3 301
pensions
-
-
-
9 300
total
-
-
-
22 309
Employee
16 536
-
38 414
-
other
-
-
-
-
unemployment
1 151
-
2 673
-
pensions
1 103
-
2 562
-
surtax
59
-
906
-
income
2 772
-
8 000
-
health
422
-
979
-
total
5 507
-
15 120
-
Employer
16 536
-
38 414
-
health
752
-
1 748
-
pensions
2 205
-
5 120
-
unemployment
525
-
1 218
-
other
-
-
-
-
total
3 482
-
8 086
-
Corporate
26 483
46 500
-
-
income
6 886
12 090
-
-
total
6 886
12 090
-
-
Dividends
19 597
34 410
-
-
withholding
2 940
5 161
-
-
total
2 940
5 161
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 815
17 251
23 206
22 309
After tax
27 685
29 249
23 294
24 191
Living cost
11 029
11 029
11 029
11 029
Free-cash
16 656
18 220
12 265
13 162

Estimated living cost  is ₴11029 per week

₴6659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11215
₴8437
₴10640
₴10123
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 959
regional
-
-
-
701
municipal
-
-
-
277
national
-
-
-
9 696
total
-
-
-
22 633
Employee
27 237
-
46 500
-
municipal
144
-
247
-
national
4 315
-
8 283
-
regional
367
-
626
-
social contributions
9 185
-
15 680
-
total
14 011
-
24 836
-
Employer
27 237
-
46 500
-
total
-
-
-
-
Corporate
19 263
46 500
-
-
municipal
957
2 311
-
-
nationa
4 624
11 160
-
-
total
5 581
13 471
-
-
Dividends
13 682
33 029
-
-
withholding
3 558
8 587
-
-
total
3 558
8 587
-
-
Income
46 500
46 500
46 500
46 500
Total tax
23 150
22 058
24 836
22 633
After tax
23 350
24 442
21 664
23 867
Living cost
13 227
13 227
13 227
13 227
Free-cash
10 123
11 215
8 437
10 640

Estimated living cost  is ₴13227 per week

₴8226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3435
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16980
₴8562
₴7612
₴11617
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 997
social contributions
-
-
-
13 578
solidarity contribution
-
-
-
-
health
-
-
-
6 278
total
-
-
-
23 853
Employee
22 110
-
34 701
-
solidarity contribution
-
-
-
-
social contributions
1 437
-
2 256
-
income
2 653
-
4 164
-
health
2 985
-
4 685
-
total
7 075
-
11 105
-
Employer
22 110
-
34 701
-
health
1 990
-
3 123
-
social contributions
5 527
-
8 675
-
total
7 517
-
11 798
-
Corporate
16 873
46 500
-
-
income
3 206
8 835
-
-
total
3 206
8 835
-
-
Dividends
13 667
37 665
-
-
withholding
2 050
5 650
-
-
total
2 050
5 650
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 848
14 485
22 903
23 853
After tax
26 652
32 015
23 597
22 647
Living cost
15 035
15 035
15 035
15 035
Free-cash
11 617
16 980
8 562
7 612

Estimated living cost  is ₴15035 per week

₴11181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10499
-₴1208
₴8190
₴10254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 287
surtax
-
-
-
-
unemployment
-
-
-
3 012
chamber of commerce
-
-
-
186
health
-
-
-
3 558
pensions
-
-
-
8 602
total
-
-
-
22 645
Employee
21 463
19 567
36 108
-
other
214
196
362
-
unemployment
644
587
1 084
-
pensions
2 198
2 003
3 697
-
income
1 912
1 443
6 549
-
health
830
758
1 398
-
total
5 798
4 987
13 090
-
Employer
21 463
19 567
36 108
-
chamber of commerce
86
78
144
-
health
812
740
1 365
-
pensions
2 694
2 456
4 531
-
accident
279
254
470
-
unemployment
644
587
1 084
-
surtax
-
-
-
-
payroll
644
587
1 084
-
other
1 019
929
1 714
-
total
6 178
5 631
10 392
-
Corporate
18 860
21 301
34 244
-
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.

4 715
5 325
8 561
-
total
4 715
5 325
8 561
-
Dividends
14 145
15 976
-
-
withholding
3 890
4 393
-
-
total
3 890
4 393
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 581
20 336
32 043
22 645
After tax
25 919
26 164
14 457
23 855
Living cost
15 665
15 665
15 665
15 665
Free-cash
10 254
10 499
-1 208
8 190

Estimated living cost  is ₴15665 per week

₴9397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1600
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.
₴4389
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37911
₴30936
₴39771
₴36736
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 830
-
46 500
-
income
1 566
-
9 300
-
total
1 566
-
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%.

38 670
46 500
-
-
total
-
-
-
-
Dividends
38 670
46 500
-
-
withholding
1 934
2 325
-
-
total
1 934
2 325
-
-
Income
46 500
46 500
46 500
46 500
Total tax
3 500
2 325
9 300
465
After tax
43 000
44 175
37 200
46 035
Living cost
6 264
6 264
6 264
6 264
Free-cash
36 736
37 911
30 936
39 771

Estimated living cost  is ₴6264 per week

₴4239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
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.
₴1552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18846
₴9671
₴11002
₴14739
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 190
unemployment
-
-
-
70
health
-
-
-
4 576
pensions
-
-
-
8 492
total
-
-
-
22 328
Employee

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

21 713
-
40 235
-
unemployment
31
-
56
-
pensions
3 366
-
6 236
-
income
3 744
-
8 504
-
health
1 402
-
2 599
-
total
8 543
-
17 395
-
Employer

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

21 713
-
40 235
-
health
1 446
-
2 680
-
pensions
1 921
-
3 560
-
unemployment
13
-
24
-
total
3 380
-
6 264
-
Corporate
21 407
46 500
-
-
income
4 067
8 835
-
-
total
4 067
8 835
-
-
Dividends
17 340
37 665
-
-
withholding
2 601
5 649
-
-
total
2 601
5 649
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 591
14 484
23 659
22 328
After tax
27 909
32 016
22 841
24 172
Living cost
13 170
13 170
13 170
13 170
Free-cash
14 739
18 846
9 671
11 002

Estimated living cost  is ₴13170 per week

₴9038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
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.
₴3033
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6740
₴18379
₴10584
-₴27971
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 064
social contributions
-
-
-
5 301
total
-
-
-
14 365
Employee
30 900
-
-
-
social contributions
2 534
-
361
-
income
6 816
-
-
-
total
9 350
-
361
-
Employer
30 900
-
-
-
social contributions
43 570
-
6 209
-
total
43 570
-
6 209
-
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
52 920
18 209
6 570
14 365
After tax
-6 420
28 291
39 930
32 135
Living cost
21 551
21 551
21 551
21 551
Free-cash
-27 971
6 740
18 379
10 584

Estimated living cost  is ₴21551 per week

₴13983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2027
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11048
₴8472
₴10716
₴10554
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
4 224
surtax
-
-
-
-
social contributions

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

-
-
-
16 159
total
-
-
-
20 383
Employee
22 583
-
37 575
-
surtax
-
-
-
-
social contributions
2 484
-
4 133
-
income
4 697
-
9 570
-
total
7 181
-
13 703
-
Employer
22 583
-
37 575
-
social contributions
5 363
-
8 924
-
total
5 363
-
8 924
-
Corporate
18 554
46 500
-
-
income
3 897
9 765
-
-
surtax
-
-
-
-
total
3 897
9 765
-
-
Dividends
14 657
36 735
-
-
withholding
4 104
10 286
-
-
total
4 104
10 286
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 545
20 051
22 627
20 383
After tax
25 955
26 449
23 873
26 117
Living cost
15 401
15 401
15 401
15 401
Free-cash
10 554
11 048
8 472
10 716

Estimated living cost  is ₴15401 per week

₴11523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴908
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.
₴2712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴279
₴2805
₴3138
₴3097
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 060
other
-
-
-
1 442
surtax
-
-
-
-
social contributions
-
-
-
1 325
health
-
-
-
717
pensions
-
-
-
12 103
total
-
-
-
19 647
Employee
30 753
-
35 434
-
pensions
3 478
-
4 008
-
surtax
-
-
-
-
social contributions
876
-
1 010
-
income
2 683
-
3 896
-
total
7 037
-
8 914
-
Employer
30 753
-
35 434
-
health
2 152
-
2 480
-
pensions
5 053
-
5 822
-
unemployment
1 246
-
1 435
-
social contributions
92
-
106
-
other
1 061
-
1 223
-
total
9 604
-
11 066
-
Corporate
6 142
46 500
-
-
income
1 720
13 020
-
-
surtax
-
-
-
-
total
1 720
13 020
-
-
Dividends
4 422
33 480
-
-
surtax
-
-
-
-
social contributions
761
5 759
-
-
withholding
566
4 285
-
-
total
1 327
10 044
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 688
23 064
19 980
19 647
After tax
26 812
23 436
26 520
26 853
Living cost
23 715
23 715
23 715
23 715
Free-cash
3 097
-279
2 805
3 138

Estimated living cost  is ₴23715 per week

₴16050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5400
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27090
₴22101
₴20815
₴25440
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
695
social contributions
-
-
-
10 230
total
-
-
-
10 925
Employee
15 785
-
40 259
-
income
-
-
783
-
social contributions
1 026
-
2 616
-
total
1 026
-
3 399
-
Employer
15 785
-
40 259
-
social contributions
2 447
-
6 240
-
total
2 447
-
6 240
-
Corporate
28 268
46 500
-
-
income
2 827
4 650
-
-
total
2 827
4 650
-
-
Dividends
25 441
41 850
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
6 300
4 650
9 639
10 925
After tax
40 200
41 850
36 861
35 575
Living cost
14 760
14 760
14 760
14 760
Free-cash
25 440
27 090
22 101
20 815

Estimated living cost  is ₴14760 per week

₴9543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1113
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴60427
-₴60427
₴5362
-₴60427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 686
municipal
-
-
-
8 500
national
-
-
-
4 892
pensions
-
-
-
425
total
-
-
-
17 503
Employee
99 759
99 759
99 759
-
municipal
21 243
21 243
21 243
-
labour market
7 969
7 969
7 969
-
pensions
142
142
142
-
national
12 187
12 187
12 187
-
total
41 541
41 541
41 541
-
Employer
99 759
99 759
99 759
-
national
12 209
12 209
12 209
-
labour market
7 981
7 981
7 981
-
pensions
284
284
284
-
municipal
21 277
21 277
21 277
-
total
41 751
41 751
41 751
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
83 292
83 292
83 292
17 503
After tax
-36 792
-36 792
-36 792
28 997
Living cost
23 635
23 635
23 635
23 635
Free-cash
-60 427
-60 427
-60 427
5 362

Estimated living cost  is ₴23635 per week

₴16176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7021
₴13024
₴21149
₴2112
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
11 098
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
14 564
Employee
16 969
-
39 394
-
pensions
1 911
-
3 797
-
income
2 328
-
7 275
-
health
1 943
-
4 511
-
total
6 182
-
15 583
-
Employer
16 969
-
39 394
-
pensions
2 759
-
5 483
-
accident
283
-
658
-
unemployment
416
-
965
-
total
3 458
-
7 106
-
Corporate
26 073
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.

23 466
41 850
-
-
total
23 466
41 850
-
-
Dividends
2 607
4 650
-
-
withholding
495
884
-
-
total
495
884
-
-
Income
46 500
46 500
46 500
46 500
Total tax
33 601
42 734
22 689
14 564
After tax
12 899
3 766
23 811
31 936
Living cost
10 787
10 787
10 787
10 787
Free-cash
2 112
-7 021
13 024
21 149

Estimated living cost  is ₴10787 per week

₴7852
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴615
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12266
₴7883
₴14459
₴10929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
512
municipal
-
-
-
8 278
national
-
-
-
4 400
total
-
-
-
13 190
Employee
25 833
-
39 118
-
municipal
4 231
-
6 388
-
unemployment
388
-
587
-
pensions
1 743
-
2 641
-
national
427
-
2 371
-
health
193
-
398
-
total
6 982
-
12 385
-
Employer
25 833
-
39 118
-
health
198
-
301
-
pensions
4 482
-
6 787
-
accident
26
-
39
-
unemployment
168
-
254
-
total
4 874
-
7 381
-
Corporate
15 793
46 500
-
-
income
3 159
9 300
-
-
total
3 159
9 300
-
-
Dividends

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

9 475
27 900
-
-
municipal
1 705
5 022
-
-
national
-
1 061
-
-
total
1 705
6 083
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 720
15 383
19 766
13 190
After tax
29 780
31 117
26 734
33 310
Living cost
18 851
18 851
18 851
18 851
Free-cash
10 929
12 266
7 883
14 459

Estimated living cost  is ₴18851 per week

₴12314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1813
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.
₴4425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22683
₴21927
₴21973
₴20012
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 719
social contributions
-
-
-
7 254
health
-
-
-
1 186
total
-
-
-
13 159
Employee
37 756
37 756
42 216
-
social contributions
1 427
3 134
3 504
-
income
4 111
3 495
4 699
-
health
293
642
717
-
total
5 831
7 271
8 920
-
Employer
37 756
37 756
42 216
-
health
318
699
781
-
social contributions
1 427
3 134
3 504
-
total
1 745
3 833
4 285
-
Corporate
27 555
4 911
-
-
income
3 445
614
-
-
total
3 445
614
-
-
Dividends
24 111
4 297
-
-
withholding
4 099
731
-
-
total
4 099
731
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 120
12 449
13 205
13 159
After tax
31 380
34 051
33 295
33 341
Living cost
11 368
11 368
11 368
11 368
Free-cash
20 012
22 683
21 927
21 973

Estimated living cost  is ₴11368 per week

₴6813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1115
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30711
₴20892
₴29389
₴28210
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
4 401
unemployment
-
-
-
14
health
-
-
-
1 777
pensions
-
-
-
3 123
total
-
-
-
9 315
Employee

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

11 270
-
42 158
-
unemployment
56
-
211
-
pensions
1 690
-
6 324
-
income
771
-
3 351
-
health
958
-
3 584
-
total
3 475
-
13 470
-
Employer

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

11 270
-
42 158
-
health
485
-
1 813
-
pensions
620
-
2 318
-
unemployment
56
-
211
-
total
1 161
-
4 342
-
Corporate
34 070
46 500
-
-
income
3 067
4 185
-
-
total
3 067
4 185
-
-
Dividends
31 003
42 315
-
-
withholding
2 791
3 808
-
-
total
2 791
3 808
-
-
Income
46 500
46 500
46 500
46 500
Total tax
10 494
7 993
17 812
9 315
After tax
36 006
38 507
28 688
37 185
Living cost
7 796
7 796
7 796
7 796
Free-cash
28 210
30 711
20 892
29 389

Estimated living cost  is ₴7796 per week

₴4974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17834
₴11307
₴11196
₴15260
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
8 148
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
21 802
Employee
18 156
-
35 259
-
other
18
-
35
-
unemployment
281
-
547
-
pensions
854
-
1 657
-
income
3 500
-
8 212
-
total
4 653
-
10 451
-
Employer
18 156
-
35 259
-
pensions
4 284
-
8 321
-
accident
360
-
698
-
unemployment
999
-
1 939
-
other
145
-
282
-
total
5 788
-
11 240
-
Corporate
22 556
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.

3 383
6 975
-
-
total
3 383
6 975
-
-
Dividends
19 173
39 525
-
-
withholding
3 914
8 189
-
-
total
3 914
8 189
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 738
15 164
21 691
21 802
After tax
28 762
31 336
24 809
24 698
Living cost
13 502
13 502
13 502
13 502
Free-cash
15 260
17 834
11 307
11 196

Estimated living cost  is ₴13502 per week

₴9114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
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.
₴2854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28056
₴28633
₴28701
₴27897
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 631
health
-
-
-
508
pensions
-
-
-
700
total
-
-
-
16 839
Employee
1 463
-
45 712
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
15 594
-
health
73
-
175
-
total
503
-
16 119
-
Employer
1 463
-
45 712
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
44 708
46 500
-
-
income
9 836
10 230
-
-
total
9 836
10 230
-
-
Dividends
34 873
36 270
-
-
withholding
6 975
7 254
-
-
total
6 975
7 254
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 643
17 484
16 907
16 839
After tax
28 857
29 016
29 593
29 661
Living cost
960
960
960
960
Free-cash
27 897
28 056
28 633
28 701

Estimated living cost  is ₴960 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
₴25105
₴15795
₴15796
₴22690
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 498
unemployment
-
-
-
544
health
-
-
-
3 737
pensions
-
-
-
9 434
total
-
-
-
22 213
Employee

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

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

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

12 804
-
40 005
-
unemployment
96
-
272
-
pensions
1 793
-
5 080
-
income
1 765
-
8 498
-
health
659
-
1 869
-
total
4 313
-
15 719
-
Employer

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

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

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

12 804
-
40 005
-
health
659
-
1 869
-
pensions
1 536
-
4 354
-
unemployment
96
-
272
-
total
2 291
-
6 495
-
Corporate
31 404
46 500
-
-
income
4 711
6 975
-
-
total
4 711
6 975
-
-
Dividends
26 694
39 525
-
-
withholding
4 004
5 929
-
-
total
4 004
5 929
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 319
12 904
22 214
22 213
After tax
31 181
33 596
24 286
24 287
Living cost
8 491
8 491
8 491
8 491
Free-cash
22 690
25 105
15 795
15 796

Estimated living cost  is ₴8491 per week

₴5717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
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.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13212
₴10636
₴12880
₴13034
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
4 224
surtax
-
-
-
-
social contributions

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

-
-
-
16 159
total
-
-
-
20 383
Employee
19 057
-
37 575
-
surtax
-
-
-
-
social contributions
2 097
-
4 133
-
income
3 724
-
9 570
-
total
5 821
-
13 703
-
Employer
19 057
-
37 575
-
social contributions
4 526
-
8 924
-
total
4 526
-
8 924
-
Corporate
22 917
46 500
-
-
income
4 813
9 765
-
-
surtax
-
-
-
-
total
4 813
9 765
-
-
Dividends
18 104
36 735
-
-
withholding
5 069
10 286
-
-
total
5 069
10 286
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 229
20 051
22 627
20 383
After tax
26 271
26 449
23 873
26 117
Living cost
13 237
13 237
13 237
13 237
Free-cash
13 034
13 212
10 636
12 880

Estimated living cost  is ₴13237 per week

₴9376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14080
₴7553
₴7442
₴10337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
8 148
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
21 802
Employee
23 714
-
35 259
-
other
23
-
35
-
unemployment
367
-
547
-
pensions
1 114
-
1 657
-
income
4 953
-
8 212
-
total
6 457
-
10 451
-
Employer
23 714
-
35 259
-
pensions
5 596
-
8 321
-
accident
470
-
698
-
unemployment
1 304
-
1 939
-
other
190
-
282
-
total
7 560
-
11 240
-
Corporate
15 226
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.

2 284
6 975
-
-
total
2 284
6 975
-
-
Dividends
12 942
39 525
-
-
withholding
2 606
8 189
-
-
total
2 606
8 189
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 907
15 164
21 691
21 802
After tax
27 593
31 336
24 809
24 698
Living cost
17 256
17 256
17 256
17 256
Free-cash
10 337
14 080
7 553
7 442

Estimated living cost  is ₴17256 per week

₴12393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
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.
₴3279
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31310
₴27890
₴26497
₴28317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 975
unemployment
-
-
-
69
health
-
-
-
1 973
pensions

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

-
-
-
2 539
total
-
-
-
11 556
Employee
11 186
-
43 135
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

982
-
1 506
-
income
1 119
-
4 313
-
health
515
-
789
-
total
2 739
-
6 797
-
Employer
11 186
-
43 135
-
health
772
-
1 184
-
pensions

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

1 233
-
1 890
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 195
-
3 366
-
Corporate
33 120
46 500
-
-
income
3 312
4 650
-
-
total
3 312
4 650
-
-
Dividends
29 808
41 850
-
-
withholding
1 490
2 093
-
-
total
1 490
2 093
-
-
Income
46 500
46 500
46 500
46 500
Total tax
9 736
6 743
10 163
11 556
After tax
36 764
39 757
36 337
34 944
Living cost
8 447
8 447
8 447
8 447
Free-cash
28 317
31 310
27 890
26 497

Estimated living cost  is ₴8447 per week

₴5587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5039
₴14454
₴11057
₴11463
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income

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

-
-
-
9 227
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.

-
-
-
508
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.

-
-
-
3 354
trade
-
-
-
3 397
total
-
-
-
16 486
Employee

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

24 431
-
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.

111
-
508
-
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.

2 009
-
9 227
-
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.

3 354
-
3 354
-
total
5 474
-
13 089
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
22 069
46 500
-
-
income
3 311
6 975
-
-
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.

182
384
-
-
chamber of commerce
107
143
-
-
trade
3 167
6 673
-
-
total
6 767
14 175
-
-
Dividends
15 303
32 326
-
-
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
434
-
-
withholding
3 639
7 895
-
-
total
3 839
8 329
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 080
22 504
13 089
16 486
After tax
30 420
23 996
33 411
30 014
Living cost
18 957
18 957
18 957
18 957
Free-cash
11 463
5 039
14 454
11 057

Estimated living cost  is ₴18957 per week

₴13077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2040
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4581
₴3965
₴3965
₴5664
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 484
social contributions
-
-
-
4 081
total
-
-
-
14 565
Employee
38 408
-
46 500
-
income
7 247
-
10 484
-
social contributions
3 191
-
4 081
-
total
10 438
-
14 565
-
Employer
38 408
-
46 500
-
total
-
-
-
-
Corporate
8 092
46 500
-
-
income
1 012
5 812
-
-
total
1 012
5 812
-
-
Dividends
7 080
40 688
-
-
withholding
1 416
8 137
-
-
total
1 416
8 137
-
-
Income
46 500
46 500
46 500
46 500
Total tax
12 866
13 949
14 565
14 565
After tax
33 634
32 551
31 935
31 935
Living cost
27 970
27 970
27 970
27 970
Free-cash
5 664
4 581
3 965
3 965

Estimated living cost  is ₴27970 per week

₴21279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2279
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.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9807
₴16285
₴11719
₴11998
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
13 977
health

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

-
-
-
2 980
total
-
-
-
16 957
Employee
22 525
-
44 241
-
income
2 444
-
7 873
-
social contributions
2 257
-
2 259
-
total
4 701
-
10 132
-
Employer
22 525
-
44 241
-
social contributions
2 257
-
2 259
-
total
2 257
-
2 259
-
Corporate
21 719
46 500
-
-
income
7 602
16 275
-
-
total
7 602
16 275
-
-
Dividends
14 117
30 225
-
-
social contributions
2 118
2 594
-
-
total
2 118
2 594
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 678
18 869
12 391
16 957
After tax
29 822
27 631
34 109
29 543
Living cost
17 824
17 824
17 824
17 824
Free-cash
11 998
9 807
16 285
11 719

Estimated living cost  is ₴17824 per week

₴11740
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.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4405
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16545
₴11031
₴15788
₴13906
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
9 171
pensions
-
-
-
3 368
total
-
-
-
12 539
Employee
24 944
-
40 988
-
pensions
1 904
-
3 829
-
income
4 543
-
7 301
-
health
325
-
654
-
total
6 772
-
11 784
-
Employer
24 944
-
40 988
-
health
474
-
779
-
pensions
2 520
-
4 733
-
total
2 994
-
5 512
-
Corporate
18 561
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.

3 527
8 835
-
-
total
3 527
8 835
-
-
Dividends
15 035
37 665
-
-
withholding
1 128
2 947
-
-
total
1 128
2 947
-
-
Income
46 500
46 500
46 500
46 500
Total tax
14 421
11 782
17 296
12 539
After tax
32 079
34 718
29 204
33 961
Living cost
18 173
18 173
18 173
18 173
Free-cash
13 906
16 545
11 031
15 788

Estimated living cost  is ₴18173 per week

₴12466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1671
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8089
₴11956
₴20081
₴1949
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
11 098
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
14 564
Employee
18 648
-
39 394
-
pensions
2 100
-
3 797
-
income
2 558
-
7 275
-
health
2 135
-
4 511
-
total
6 793
-
15 583
-
Employer
18 648
-
39 394
-
pensions
3 032
-
5 483
-
accident
311
-
658
-
unemployment
457
-
965
-
total
3 800
-
7 106
-
Corporate
24 051
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.

21 646
41 850
-
-
total
21 646
41 850
-
-
Dividends
2 405
4 650
-
-
withholding
457
884
-
-
total
457
884
-
-
Income
46 500
46 500
46 500
46 500
Total tax
32 696
42 734
22 689
14 564
After tax
13 804
3 766
23 811
31 936
Living cost
11 855
11 855
11 855
11 855
Free-cash
1 949
-8 089
11 956
20 081

Estimated living cost  is ₴11855 per week

₴8700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32496
₴22006
₴20017
₴30502
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
7 061
unemployment
-
-
-
558
work injury
-
-
-
233
health insurance
-
-
-
3 441
pensions
-
-
-
8 556
total
-
-
-
19 849
Employee

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

10 615
-
46 500
-
health insurance
786
-
2 906
-
unemployment
127
-
471
-
work injury
53
-
196
-
pensions
1 953
-
7 226
-
income
1 062
-
7 061
-
total
3 981
-
17 860
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 885
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%.

-
465
-
-
total
-
465
-
-
Dividends
35 885
46 035
-
-
withholding
5 383
6 905
-
-
total
5 383
6 905
-
-
Income
46 500
46 500
46 500
46 500
Total tax
9 364
7 370
17 860
19 849
After tax
37 136
39 130
28 640
26 651
Living cost
6 634
6 634
6 634
6 634
Free-cash
30 502
32 496
22 006
20 017

Estimated living cost  is ₴6634 per week

₴4110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₴4932
₴1940
₴4069
₴2697
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 959
regional
-
-
-
904
municipal
-
-
-
311
national
-
-
-
9 696
total
-
-
-
22 870
Employee
41 376
-
46 500
-
municipal
247
-
278
-
national
6 992
-
8 283
-
regional
625
-
758
-
social contributions
13 952
-
15 680
-
total
21 816
-
24 999
-
Employer
41 376
-
46 500
-
total
-
-
-
-
Corporate
5 124
46 500
-
-
municipal
247
2 241
-
-
nationa
1 230
11 160
-
-
total
1 477
13 401
-
-
Dividends
3 647
33 099
-
-
withholding
949
8 606
-
-
total
949
8 606
-
-
Income
46 500
46 500
46 500
46 500
Total tax
24 242
22 007
24 999
22 870
After tax
22 258
24 493
21 501
23 630
Living cost
19 561
19 561
19 561
19 561
Free-cash
2 697
4 932
1 940
4 069

Estimated living cost  is ₴19561 per week

₴13740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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