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
₴8536
₴18468
₴14767
₴14009
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
9 166
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.

-
-
-
504
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.

-
-
-
3 379
trade
-
-
-
3 701
total
-
-
-
16 750
Employee

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

18 920
-
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
-
504
-
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.

529
-
9 166
-
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.

3 379
-
3 379
-
total
3 937
-
13 049
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 580
46 500
-
-
income
4 137
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.

227
384
-
-
chamber of commerce
115
142
-
-
trade
4 343
7 324
-
-
total
8 822
14 825
-
-
Dividends
18 758
31 676
-
-
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.

248
425
-
-
withholding
4 501
7 731
-
-
total
4 749
8 156
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 508
22 981
13 049
16 750
After tax
28 992
23 519
33 451
29 750
Living cost
14 983
14 983
14 983
14 983
Free-cash
14 009
8 536
18 468
14 767

Estimated living cost  is ₴14983 per week

₴9425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1747
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.
₴3531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2581
₴2181
₴1816
₴1802
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 773
national
-
-
-
7 396
pensions
-
-
-
5 580
total
-
-
-
18 249
Employee
40 979
-
40 199
-
municipal
5 062
-
4 953
-
pensions
1 639
-
1 608
-
national
7 843
-
7 675
-
total
14 544
-
14 236
-
Employer
40 979
-
40 199
-
pensions
3 278
-
3 216
-
social contributions
441
-
432
-
total
3 719
-
3 648
-
Corporate
-
46 500
-
-
income

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

-
9 300
-
-
total
-
9 300
-
-
Dividends
-
37 200
-
-
withholding
-
8 184
-
-
total
-
8 184
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 263
17 484
17 884
18 249
After tax
28 237
29 016
28 616
28 251
Living cost
26 435
26 435
26 435
26 435
Free-cash
1 802
2 581
2 181
1 816

Estimated living cost  is ₴26435 per week

₴17967
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2457
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴396
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26909
₴15953
₴14566
₴22851
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 693
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
-
-
-
21 643
Employee
14 454
-
37 472
-
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.

1 590
-
4 122
-
income
2 573
-
7 107
-
total
4 163
-
11 229
-
Employer
14 454
-
37 472
-
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.

3 482
-
9 027
-
surtax
-
-
-
-
total
3 482
-
9 027
-
Corporate
28 564
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%.

5 713
9 300
-
-
total
5 713
9 300
-
-
Dividends

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

22 851
37 200
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
13 358
9 300
20 256
21 643
After tax
33 142
37 200
26 244
24 857
Living cost
10 291
10 291
10 291
10 291
Free-cash
22 851
26 909
15 953
14 566

Estimated living cost  is ₴10291 per week

₴6565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴980
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.
₴2512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴156
-₴2621
₴5687
-₴2621
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 537
health
-
-
-
5 758
pensions
-
-
-
5 796
total
-
-
-
20 091
Employee
42 243
42 243
42 243
-
pensions
7 604
5 796
7 604
-
income

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

6 914
6 914
6 914
-
health
6 484
5 515
6 484
-
total
21 002
18 225
21 002
-
Employer
42 243
42 243
42 243
-
health
2 936
2 936
2 936
-
pensions
2 940
2 940
2 940
-
unemployment
1 521
1 521
1 521
-
total
7 397
7 397
7 397
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
28 399
25 622
28 399
20 091
After tax
18 101
20 878
18 101
26 409
Living cost
20 722
20 722
20 722
20 722
Free-cash
-2 621
156
-2 621
5 687

Estimated living cost  is ₴20722 per week

₴14685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5154
₴4597
₴3383
₴4700
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 153
unemployment
-
-
-
44
health
-
-
-
2 767
municipal
-
-
-
10 035
national
-
-
-
-
pensions
-
-
-
4 794
total
-
-
-
22 882
Employee
28 833
-
35 383
-
municipal
8 598
-
10 551
-
national
-
-
-
-
total
8 598
-
10 551
-
Employer
28 833
-
35 383
-
health
1 773
-
2 176
-
pensions
3 117
-
3 825
-
accident
58
-
71
-
unemployment
761
-
934
-
other
3 350
-
4 111
-
total
9 059
-
11 117
-
Corporate
8 607
46 500
-
-
income
1 894
10 230
-
-
total
1 894
10 230
-
-
Dividends
6 714
36 270
-
-
withholding
2 014
10 881
-
-
total
2 014
10 881
-
-
Income
46 500
46 500
46 500
46 500
Total tax
21 565
21 111
21 668
22 882
After tax
24 935
25 389
24 832
23 618
Living cost
20 235
20 235
20 235
20 235
Free-cash
4 700
5 154
4 597
3 383

Estimated living cost  is ₴20235 per week

₴13411
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1986
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3846
₴14018
₴10152
₴10800
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
9 166
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.

-
-
-
504
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.

-
-
-
3 379
trade
-
-
-
3 866
total
-
-
-
16 915
Employee

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

25 086
-
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.

118
-
504
-
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.

2 155
-
9 166
-
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.

3 379
-
3 379
-
total
5 652
-
13 049
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 414
46 500
-
-
income
3 212
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.

176
384
-
-
chamber of commerce
105
141
-
-
trade
3 523
7 650
-
-
total
7 016
15 150
-
-
Dividends
14 397
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.

188
421
-
-
withholding
3 411
7 650
-
-
total
3 599
8 071
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 267
23 221
13 049
16 915
After tax
30 233
23 279
33 451
29 585
Living cost
19 433
19 433
19 433
19 433
Free-cash
10 800
3 846
14 018
10 152

Estimated living cost  is ₴19433 per week

₴12997
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2049
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4097
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18010
₴17300
₴17346
₴15959
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 669
social contributions
-
-
-
7 254
health
-
-
-
1 186
total
-
-
-
13 109
Employee
38 038
38 038
42 215
-
social contributions
1 848
3 157
3 504
-
income
3 994
3 521
4 649
-
health
378
647
717
-
total
6 220
7 325
8 870
-
Employer
38 038
38 038
42 215
-
health
412
704
781
-
social contributions
1 848
3 157
3 504
-
total
2 260
3 861
4 285
-
Corporate
21 974
4 601
-
-
income
2 747
575
-
-
total
2 747
575
-
-
Dividends
19 227
4 026
-
-
withholding
3 269
684
-
-
total
3 269
684
-
-
Income
46 500
46 500
46 500
46 500
Total tax
14 496
12 445
13 155
13 109
After tax
32 004
34 055
33 345
33 391
Living cost
16 045
16 045
16 045
16 045
Free-cash
15 959
18 010
17 300
17 346

Estimated living cost  is ₴16045 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17124
₴17871
₴23127
₴17313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

13 114
5 219
38 912
-
unemployment
197
78
584
-
pensions
1 311
522
3 891
-
income
1 603
638
4 757
-
health
918
365
2 724
-
total
4 029
1 603
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.

13 114
5 219
38 912
-
pensions
2 557
1 018
7 588
-
total
2 557
1 018
7 588
-
Corporate
30 829
40 263
-
-
income
2 775
3 624
-
-
total
2 775
3 624
-
-
Dividends
28 054
36 639
-
-
social contributions
5 411
7 085
-
-
withholding
5 330
6 961
-
-
total
10 741
14 046
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 102
20 291
19 544
14 288
After tax
26 398
26 209
26 956
32 212
Living cost
9 085
9 085
9 085
9 085
Free-cash
17 313
17 124
17 871
23 127

Estimated living cost  is ₴9085 per week

₴6200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25252
₴14854
₴12976
₴22178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 033
-
34 753
-
unemployment
224
-
556
-
pensions
281
-
695
-
income
1 580
-
6 701
-
total
2 085
-
7 952
-
Employer
14 033
-
34 753
-
health
1 824
-
4 518
-
pensions
2 807
-
6 950
-
unemployment
113
-
278
-
total
4 744
-
11 746
-
Corporate
27 724
46 500
-
-
income
5 545
9 300
-
-
total
5 545
9 300
-
-
Dividends
22 179
37 200
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
12 374
9 300
19 698
21 576
After tax
34 126
37 200
26 802
24 924
Living cost
11 948
11 948
11 948
11 948
Free-cash
22 178
25 252
14 854
12 976

Estimated living cost  is ₴11948 per week

₴8195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴712
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.
₴2801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7273
₴12747
₴20899
₴2074
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
11 067
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 088
total
-
-
-
14 562
Employee
17 365
-
39 351
-
pensions
1 955
-
3 828
-
income
2 382
-
7 231
-
health
1 988
-
4 506
-
total
6 325
-
15 565
-
Employer
17 365
-
39 351
-
pensions
2 824
-
5 528
-
accident
290
-
657
-
unemployment
425
-
964
-
total
3 539
-
7 149
-
Corporate
25 597
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.

23 037
41 850
-
-
total
23 037
41 850
-
-
Dividends
2 560
4 650
-
-
withholding
486
884
-
-
total
486
884
-
-
Income
46 500
46 500
46 500
46 500
Total tax
33 387
42 734
22 714
14 562
After tax
13 113
3 766
23 786
31 938
Living cost
11 039
11 039
11 039
11 039
Free-cash
2 074
-7 273
12 747
20 899

Estimated living cost  is ₴11039 per week

₴8090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴612
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40124
₴33149
₴41984
₴39364
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 064
-
46 500
-
income
1 013
-
9 300
-
total
1 013
-
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%.

41 436
46 500
-
-
total
-
-
-
-
Dividends
41 436
46 500
-
-
withholding
2 072
2 325
-
-
total
2 072
2 325
-
-
Income
46 500
46 500
46 500
46 500
Total tax
3 085
2 325
9 300
465
After tax
43 415
44 175
37 200
46 035
Living cost
4 051
4 051
4 051
4 051
Free-cash
39 364
40 124
33 149
41 984

Estimated living cost  is ₴4051 per week

₴2511
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20983
₴14073
₴11998
₴17641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 906
other
-
-
-
2 209
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
17 961
-
37 140
-
unemployment
179
-
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.

1 257
-
2 600
-
income
3 092
-
6 393
-
health
252
-
520
-
total
4 780
-
9 885
-
Employer
17 961
-
37 140
-
health
252
-
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.

3 054
-
6 314
-
accident
144
-
298
-
unemployment
179
-
372
-
other
898
-
1 857
-
total
4 527
-
9 361
-
Corporate
24 013
46 500
-
-
income
5 043
9 765
-
-
total
5 043
9 765
-
-
Dividends
18 970
36 735
-
-
withholding
1 328
2 571
-
-
total
1 328
2 571
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 678
12 336
19 246
21 321
After tax
30 822
34 164
27 254
25 179
Living cost
13 181
13 181
13 181
13 181
Free-cash
17 641
20 983
14 073
11 998

Estimated living cost  is ₴13181 per week

₴9313
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2015
-₴3493
₴1259
-₴6100
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 177
pensions
-
-
-
3 369
total
-
-
-
12 546
Employee
46 259
-
40 988
-
pensions
4 463
-
3 830
-
income
8 339
-
7 301
-
health
762
-
655
-
total
13 564
-
11 786
-
Employer
46 259
-
40 988
-
health
879
-
778
-
pensions
5 462
-
4 734
-
total
6 341
-
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
-
2 955
-
-
total
-
2 955
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 905
11 790
17 298
12 546
After tax
26 595
34 710
29 202
33 954
Living cost
32 695
32 695
32 695
32 695
Free-cash
-6 100
2 015
-3 493
1 259

Estimated living cost  is ₴32695 per week

₴24499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3841
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.
₴4089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴33276
₴29820
₴28433
₴30982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 986
pensions

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

-
-
-
2 556
total
-
-
-
11 586
Employee
8 582
-
43 112
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

754
-
1 516
-
income
858
-
4 311
-
health
395
-
794
-
total
2 101
-
6 811
-
Employer
8 582
-
43 112
-
health
592
-
1 191
-
pensions

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

946
-
1 903
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 683
-
3 388
-
Corporate
36 234
46 500
-
-
income
3 623
4 650
-
-
total
3 623
4 650
-
-
Dividends
32 611
41 850
-
-
withholding
1 630
2 093
-
-
total
1 630
2 093
-
-
Income
46 500
46 500
46 500
46 500
Total tax
9 037
6 743
10 199
11 586
After tax
37 463
39 757
36 301
34 914
Living cost
6 481
6 481
6 481
6 481
Free-cash
30 982
33 276
29 820
28 433

Estimated living cost  is ₴6481 per week

₴3784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6552
-₴9329
-₴1021
-₴7392
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 537
health
-
-
-
5 758
pensions
-
-
-
5 796
total
-
-
-
20 091
Employee
45 862
42 243
42 243
-
pensions
5 796
5 796
7 604
-
income

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

6 914
6 914
6 914
-
health
5 722
5 515
6 484
-
total
18 432
18 225
21 002
-
Employer
45 862
42 243
42 243
-
health
3 187
2 936
2 936
-
pensions
3 192
2 940
2 940
-
unemployment
1 651
1 521
1 521
-
total
8 030
7 397
7 397
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
26 462
25 622
28 399
20 091
After tax
20 038
20 878
18 101
26 409
Living cost
27 430
27 430
27 430
27 430
Free-cash
-7 392
-6 552
-9 329
-1 021

Estimated living cost  is ₴27430 per week

₴20234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2450
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19712
₴11294
₴10344
₴15324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
18 092
-
34 701
-
solidarity contribution
-
-
-
-
social contributions
1 176
-
2 256
-
income
2 171
-
4 164
-
health
2 442
-
4 685
-
total
5 789
-
11 105
-
Employer
18 092
-
34 701
-
health
1 628
-
3 123
-
social contributions
4 523
-
8 675
-
total
6 151
-
11 798
-
Corporate
22 256
46 500
-
-
income
4 229
8 835
-
-
total
4 229
8 835
-
-
Dividends
18 028
37 665
-
-
withholding
2 704
5 650
-
-
total
2 704
5 650
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 873
14 485
22 903
23 853
After tax
27 627
32 015
23 597
22 647
Living cost
12 303
12 303
12 303
12 303
Free-cash
15 324
19 712
11 294
10 344

Estimated living cost  is ₴12303 per week

₴8546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3936
₴999
₴3213
₴1353
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
508
municipal
-
-
-
276
national
-
-
-
9 671
total
-
-
-
22 414
Employee
43 963
-
46 500
-
municipal
233
-
247
-
national
7 618
-
8 257
-
regional
415
-
444
-
social contributions
14 824
-
15 680
-
total
23 090
-
24 628
-
Employer
43 963
-
46 500
-
total
-
-
-
-
Corporate
2 537
46 500
-
-
municipal
99
1 814
-
-
nationa
609
11 160
-
-
total
708
12 974
-
-
Dividends
1 829
33 527
-
-
withholding
476
8 717
-
-
total
476
8 717
-
-
Income
46 500
46 500
46 500
46 500
Total tax
24 274
21 691
24 628
22 414
After tax
22 226
24 809
21 872
24 086
Living cost
20 873
20 873
20 873
20 873
Free-cash
1 353
3 936
999
3 213

Estimated living cost  is ₴20873 per week

₴14550
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18333
₴12414
₴13311
₴16791
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 558
other
-
-
-
-
surtax
-
-
-
1 000
unemployment
-
-
-
113
health
-
-
-
3 302
pensions
-
-
-
9 300
total
-
-
-
22 273
Employee
16 358
-
38 414
-
other
-
-
-
-
unemployment
1 139
-
2 673
-
pensions
1 091
-
2 562
-
surtax
54
-
897
-
income
2 742
-
7 971
-
health
418
-
980
-
total
5 444
-
15 083
-
Employer
16 358
-
38 414
-
health
744
-
1 748
-
pensions
2 181
-
5 121
-
unemployment
518
-
1 218
-
other
-
-
-
-
total
3 443
-
8 087
-
Corporate
26 698
46 500
-
-
income
6 942
12 090
-
-
total
6 942
12 090
-
-
Dividends
19 756
34 410
-
-
withholding
2 964
5 161
-
-
total
2 964
5 161
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 793
17 251
23 170
22 273
After tax
27 707
29 249
23 330
24 227
Living cost
10 916
10 916
10 916
10 916
Free-cash
16 791
18 333
12 414
13 311

Estimated living cost  is ₴10916 per week

₴6674
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1007
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.
₴2982
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12374
₴6866
₴11618
₴8658
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 177
pensions
-
-
-
3 369
total
-
-
-
12 546
Employee
31 001
-
40 988
-
pensions
2 631
-
3 830
-
income
5 583
-
7 301
-
health
450
-
655
-
total
8 664
-
11 786
-
Employer
31 001
-
40 988
-
health
589
-
778
-
pensions
3 356
-
4 734
-
total
3 945
-
5 512
-
Corporate
11 554
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.

2 195
8 835
-
-
total
2 195
8 835
-
-
Dividends
9 359
37 665
-
-
withholding
702
2 955
-
-
total
702
2 955
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 506
11 790
17 298
12 546
After tax
30 994
34 710
29 202
33 954
Living cost
22 336
22 336
22 336
22 336
Free-cash
8 658
12 374
6 866
11 618

Estimated living cost  is ₴22336 per week

₴16734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1674
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.
₴3694
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴18090
-₴2761
-₴376
-₴3940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 484
health
-
-
-
128
city
-
-
-
490
national
-
-
-
214
pensions
-
-
-
4 277
total
-
-
-
7 523
Employee
46 054
-
41 620
-
unemployment
-
-
-
-
pensions
3 869
-
3 495
-
national
218
-
183
-
regional
1 508
-
1 267
-
city
494
-
447
-
health
104
-
94
-
total
6 193
-
5 486
-
Employer
46 054
-
41 620
-
health
104
-
94
-
pensions
3 869
-
3 495
-
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.

921
-
833
-
total
4 894
-
4 422
-
Corporate
-
46 500
-
-
regional
-
9 835
-
-
national
-
3 952
-
-
total
-
13 787
-
-
Dividends
-
32 713
-
-
withholding
-
11 450
-
-
total
-
11 450
-
-
Income
46 500
46 500
46 500
46 500
Total tax
11 087
25 237
9 908
7 523
After tax
35 413
21 263
36 592
38 977
Living cost
39 353
39 353
39 353
39 353
Free-cash
-3 940
-18 090
-2 761
-376

Estimated living cost  is ₴39353 per week

₴25591
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴380
₴10790
₴6759
₴8403
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
9 166
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.

-
-
-
504
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.

-
-
-
3 379
trade
-
-
-
4 031
total
-
-
-
17 080
Employee

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

29 729
-
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.

192
-
504
-
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.

3 496
-
9 166
-
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.

3 379
-
3 379
-
total
7 067
-
13 049
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 771
46 500
-
-
income
2 516
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.

138
384
-
-
chamber of commerce
99
141
-
-
trade
2 876
7 974
-
-
total
5 629
15 474
-
-
Dividends
11 143
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.

143
416
-
-
withholding
2 597
7 569
-
-
total
2 740
7 985
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 436
23 459
13 049
17 080
After tax
31 064
23 041
33 451
29 420
Living cost
22 661
22 661
22 661
22 661
Free-cash
8 403
380
10 790
6 759

Estimated living cost  is ₴22661 per week

₴16551
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.
₴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.
₴4004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6513
₴9638
₴9938
₴9433
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 009
other
-
-
-
1 443
surtax
-
-
-
-
social contributions
-
-
-
1 325
health
-
-
-
697
pensions
-
-
-
12 164
total
-
-
-
19 638
Employee
21 171
-
35 434
-
pensions
2 394
-
4 008
-
surtax
-
-
-
-
social contributions
604
-
1 009
-
income
1 249
-
3 856
-
total
4 247
-
8 873
-
Employer
21 171
-
35 434
-
health
1 482
-
2 480
-
pensions
3 478
-
5 822
-
unemployment
857
-
1 435
-
social contributions
64
-
106
-
other
730
-
1 222
-
total
6 611
-
11 065
-
Corporate
18 717
46 500
-
-
income
5 241
13 020
-
-
surtax
-
-
-
-
total
5 241
13 020
-
-
Dividends
13 477
33 480
-
-
surtax
-
-
-
-
social contributions
2 319
5 758
-
-
withholding
1 725
4 285
-
-
total
4 044
10 043
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 143
23 063
19 938
19 638
After tax
26 357
23 437
26 562
26 862
Living cost
16 924
16 924
16 924
16 924
Free-cash
9 433
6 513
9 638
9 938

Estimated living cost  is ₴16924 per week

₴10671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1376
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.
₴4589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8190
₴11315
₴11615
₴10940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 009
other
-
-
-
1 443
surtax
-
-
-
-
social contributions
-
-
-
1 325
health
-
-
-
697
pensions
-
-
-
12 164
total
-
-
-
19 638
Employee
18 898
-
35 434
-
pensions
2 137
-
4 008
-
surtax
-
-
-
-
social contributions
539
-
1 009
-
income
974
-
3 856
-
total
3 650
-
8 873
-
Employer
18 898
-
35 434
-
health
1 323
-
2 480
-
pensions
3 105
-
5 822
-
unemployment
765
-
1 435
-
social contributions
56
-
106
-
other
652
-
1 222
-
total
5 901
-
11 065
-
Corporate
21 700
46 500
-
-
income
6 076
13 020
-
-
surtax
-
-
-
-
total
6 076
13 020
-
-
Dividends
15 624
33 480
-
-
surtax
-
-
-
-
social contributions
2 687
5 758
-
-
withholding
1 999
4 285
-
-
total
4 686
10 043
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 313
23 063
19 938
19 638
After tax
26 187
23 437
26 562
26 862
Living cost
15 247
15 247
15 247
15 247
Free-cash
10 940
8 190
11 315
11 615

Estimated living cost  is ₴15247 per week

₴8843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1549
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17880
₴19608
₴19373
₴18137
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 246
total
-
-
-
16 638
Employee
16 772
-
46 500
-
social contributions
2 315
-
6 417
-
income
2 797
-
6 740
-
health
1 171
-
3 246
-
total
6 283
-
16 403
-
Employer
16 772
-
46 500
-
total
-
-
-
-
Corporate
29 728
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%.

1 486
2 325
-
-
total
1 486
2 325
-
-
Dividends
28 242
44 175
-
-
social contributions
3 898
6 096
-
-
withholding
4 236
6 626
-
-
health
1 971
3 084
-
-
total
10 105
15 806
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 874
18 131
16 403
16 638
After tax
28 626
28 369
30 097
29 862
Living cost
10 489
10 489
10 489
10 489
Free-cash
18 137
17 880
19 608
19 373

Estimated living cost  is ₴10489 per week

₴7020
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2581
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8689
-₴2937
₴6357
₴7919
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 235
surtax
-
-
-
98
unemployment
-
-
-
3 034
chamber of commerce
-
-
-
186
health
-
-
-
3 557
pensions
-
-
-
8 603
total
-
-
-
22 713
Employee
24 721
19 713
36 031
-
other
247
197
360
-
unemployment
742
591
1 080
-
pensions
2 532
2 018
3 689
-
income
2 814
1 454
6 479
-
health
957
763
1 394
-
total
7 292
5 023
13 002
-
Employer
24 721
19 713
36 031
-
chamber of commerce
99
79
145
-
health
934
745
1 362
-
pensions
3 102
2 474
4 522
-
accident
321
256
468
-
unemployment
742
591
1 080
-
surtax
98
98
98
-
payroll
742
591
1 080
-
other
1 174
936
1 711
-
total
7 212
5 770
10 466
-
Corporate
14 567
21 015
34 156
-
income

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

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

3 642
5 254
8 539
-
total
3 642
5 254
8 539
-
Dividends
10 925
15 761
-
-
withholding
3 005
4 334
-
-
total
3 005
4 334
-
-
Income
46 500
46 500
46 500
46 500
Total tax
21 151
20 381
32 007
22 713
After tax
25 349
26 119
14 493
23 787
Living cost
17 430
17 430
17 430
17 430
Free-cash
7 919
8 689
-2 937
6 357

Estimated living cost  is ₴17430 per week

₴11625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1487
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.
₴4032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8054
₴269
₴4166
₴636
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 365
social contributions
-
-
-
7 094
national
-
-
-
14 839
total
-
-
-
24 298
Employee

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

35 384
-
36 016
-
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.

308
-
314
-
communal

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

1 846
-
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.

2 654
-
2 702
-
national
10 878
-
11 125
-
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.

1 662
-
1 693
-
total
17 348
-
17 712
-
Employer

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

35 384
-
36 016
-
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.

2 176
-
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.

3 135
-
3 191
-
accident

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

460
-
468
-
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.

516
-
526
-
surtax
4 012
-
4 083
-
total
10 299
-
10 483
-
Corporate
816
46 500
-
-
income
163
9 300
-
-
surtax
3
186
-
-
total
166
9 486
-
-
Dividends
650
37 014
-
-
withholding

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

15
10 924
-
-
total
15
10 924
-
-
Income
46 500
46 500
46 500
46 500
Total tax
27 828
20 410
28 195
24 298
After tax
18 672
26 090
18 305
22 202
Living cost
18 036
18 036
18 036
18 036
Free-cash
636
8 054
269
4 166

Estimated living cost  is ₴18036 per week

₴11618
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1577
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4559
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13472
₴6972
₴6778
₴9532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
413
income
-
-
-
8 102
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 975
total
-
-
-
21 857
Employee
24 623
-
35 260
-
other
24
-
36
-
unemployment
382
-
546
-
pensions
1 157
-
1 657
-
income
5 195
-
8 184
-
total
6 758
-
10 423
-
Employer
24 623
-
35 260
-
pensions
5 811
-
8 321
-
accident
487
-
698
-
unemployment
1 355
-
1 939
-
other
196
-
282
-
total
7 849
-
11 240
-
Corporate
14 028
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.

2 105
6 975
-
-
total
2 105
6 975
-
-
Dividends
11 923
39 525
-
-
withholding
2 391
8 188
-
-
total
2 391
8 188
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 103
15 163
21 663
21 857
After tax
27 397
31 337
24 837
24 643
Living cost
17 865
17 865
17 865
17 865
Free-cash
9 532
13 472
6 972
6 778

Estimated living cost  is ₴17865 per week

₴13155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1267
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.
₴3184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1666
₴2260
₴87
-₴1555
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 656
surtax
-
-
-
2 306
health
-
-
-
3 268
pensions
-
-
-
6 970
total
-
-
-
19 531
Employee
37 461
-
41 536
-
pensions
2 996
-
3 323
-
surtax
2 296
-
2 546
-
income
3 618
-
4 677
-
health
1 667
-
1 848
-
total
10 577
-
12 394
-
Employer
37 461
-
41 536
-
health
1 142
-
1 267
-
pensions
2 996
-
3 323
-
accident
337
-
374
-
total
4 475
-
4 964
-
Corporate
4 563
46 500
-
-
communal
-
3 139
-
-
income
684
6 975
-
-
surtax
48
488
-
-
total
732
10 602
-
-
Dividends
3 831
35 898
-
-
income
4 814
1 965
-
-
withholding
575
5 385
-
-
total
5 389
7 350
-
-
Income
46 500
46 500
46 500
46 500
Total tax
21 173
17 952
17 358
19 531
After tax
25 327
28 548
29 142
26 969
Living cost
26 882
26 882
26 882
26 882
Free-cash
-1 555
1 666
2 260
87

Estimated living cost  is ₴26882 per week

₴20166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1629
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.
₴4803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18138
₴12219
₴13116
₴16564
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 558
other
-
-
-
-
surtax
-
-
-
1 000
unemployment
-
-
-
113
health
-
-
-
3 302
pensions
-
-
-
9 300
total
-
-
-
22 273
Employee
16 659
-
38 414
-
other
-
-
-
-
unemployment
1 159
-
2 673
-
pensions
1 111
-
2 562
-
surtax
59
-
897
-
income
2 793
-
7 971
-
health
425
-
980
-
total
5 547
-
15 083
-
Employer
16 659
-
38 414
-
health
758
-
1 748
-
pensions
2 221
-
5 121
-
unemployment
529
-
1 218
-
other
-
-
-
-
total
3 508
-
8 087
-
Corporate
26 334
46 500
-
-
income
6 847
12 090
-
-
total
6 847
12 090
-
-
Dividends
19 487
34 410
-
-
withholding
2 923
5 161
-
-
total
2 923
5 161
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 825
17 251
23 170
22 273
After tax
27 675
29 249
23 330
24 227
Living cost
11 111
11 111
11 111
11 111
Free-cash
16 564
18 138
12 219
13 116

Estimated living cost  is ₴11111 per week

₴6708
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11117
₴8365
₴10567
₴10019
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
702
municipal
-
-
-
276
national
-
-
-
9 671
total
-
-
-
22 608
Employee
27 440
-
46 500
-
municipal
146
-
247
-
national
4 347
-
8 257
-
regional
369
-
626
-
social contributions
9 253
-
15 680
-
total
14 115
-
24 810
-
Employer
27 440
-
46 500
-
total
-
-
-
-
Corporate
19 060
46 500
-
-
municipal
947
2 311
-
-
nationa
4 574
11 160
-
-
total
5 521
13 471
-
-
Dividends
13 538
33 029
-
-
withholding
3 520
8 587
-
-
total
3 520
8 587
-
-
Income
46 500
46 500
46 500
46 500
Total tax
23 156
22 058
24 810
22 608
After tax
23 344
24 442
21 690
23 892
Living cost
13 325
13 325
13 325
13 325
Free-cash
10 019
11 117
8 365
10 567

Estimated living cost  is ₴13325 per week

₴8287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16855
₴8437
₴7487
₴11447
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
22 294
-
34 701
-
solidarity contribution
-
-
-
-
social contributions
1 449
-
2 256
-
income
2 675
-
4 164
-
health
3 010
-
4 685
-
total
7 134
-
11 105
-
Employer
22 294
-
34 701
-
health
2 006
-
3 123
-
social contributions
5 574
-
8 675
-
total
7 580
-
11 798
-
Corporate
16 625
46 500
-
-
income
3 159
8 835
-
-
total
3 159
8 835
-
-
Dividends
13 467
37 665
-
-
withholding
2 020
5 650
-
-
total
2 020
5 650
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 893
14 485
22 903
23 853
After tax
26 607
32 015
23 597
22 647
Living cost
15 160
15 160
15 160
15 160
Free-cash
11 447
16 855
8 437
7 487

Estimated living cost  is ₴15160 per week

₴11274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10390
-₴1274
₴8103
₴10142
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 235
surtax
-
-
-
-
unemployment
-
-
-
3 034
chamber of commerce
-
-
-
186
health
-
-
-
3 557
pensions
-
-
-
8 603
total
-
-
-
22 615
Employee
21 623
19 713
36 108
-
other
216
197
361
-
unemployment
649
591
1 083
-
pensions
2 214
2 018
3 698
-
income
1 926
1 454
6 504
-
health
836
763
1 398
-
total
5 841
5 023
13 044
-
Employer
21 623
19 713
36 108
-
chamber of commerce
86
79
145
-
health
818
745
1 365
-
pensions
2 714
2 474
4 531
-
accident
281
256
469
-
unemployment
649
591
1 083
-
surtax
-
-
-
-
payroll
649
591
1 083
-
other
1 027
936
1 715
-
total
6 224
5 672
10 391
-
Corporate
18 654
21 113
34 231
-
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.

4 664
5 278
8 557
-
total
4 664
5 278
8 557
-
Dividends
13 990
15 835
-
-
withholding
3 847
4 355
-
-
total
3 847
4 355
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 576
20 328
31 992
22 615
After tax
25 924
26 172
14 508
23 885
Living cost
15 782
15 782
15 782
15 782
Free-cash
10 142
10 390
-1 274
8 103

Estimated living cost  is ₴15782 per week

₴9467
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1612
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.
₴4421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37862
₴30887
₴39722
₴36678
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 891
-
46 500
-
income
1 578
-
9 300
-
total
1 578
-
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%.

38 609
46 500
-
-
total
-
-
-
-
Dividends
38 609
46 500
-
-
withholding
1 931
2 325
-
-
total
1 931
2 325
-
-
Income
46 500
46 500
46 500
46 500
Total tax
3 509
2 325
9 300
465
After tax
42 991
44 175
37 200
46 035
Living cost
6 313
6 313
6 313
6 313
Free-cash
36 678
37 862
30 887
39 722

Estimated living cost  is ₴6313 per week

₴4272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18748
₴9588
₴10921
₴14609
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 175
unemployment
-
-
-
69
health
-
-
-
4 575
pensions
-
-
-
8 492
total
-
-
-
22 311
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.

21 874
-
40 235
-
unemployment
31
-
56
-
pensions
3 391
-
6 236
-
income
3 772
-
8 488
-
health
1 413
-
2 599
-
total
8 607
-
17 379
-
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.

21 874
-
40 235
-
health
1 457
-
2 680
-
pensions
1 936
-
3 561
-
unemployment
13
-
24
-
total
3 406
-
6 265
-
Corporate
21 220
46 500
-
-
income
4 032
8 835
-
-
total
4 032
8 835
-
-
Dividends
17 188
37 665
-
-
withholding
2 578
5 649
-
-
total
2 578
5 649
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 623
14 484
23 644
22 311
After tax
27 877
32 016
22 856
24 189
Living cost
13 268
13 268
13 268
13 268
Free-cash
14 609
18 748
9 588
10 921

Estimated living cost  is ₴13268 per week

₴9106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴850
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.
₴3056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6896
₴18582
₴10740
-₴27433
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 677
-
-
-
social contributions
2 516
-
358
-
income
6 767
-
-
-
total
9 283
-
358
-
Employer
30 677
-
-
-
social contributions
43 255
-
6 165
-
total
43 255
-
6 165
-
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
52 538
18 209
6 523
14 365
After tax
-6 038
28 291
39 977
32 135
Living cost
21 395
21 395
21 395
21 395
Free-cash
-27 433
6 896
18 582
10 740

Estimated living cost  is ₴21395 per week

₴13882
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
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.
₴5228
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10933
₴8378
₴10610
₴10435
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 216
surtax
-
-
-
-
social contributions

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

-
-
-
16 158
total
-
-
-
20 374
Employee
22 751
-
37 576
-
surtax
-
-
-
-
social contributions
2 503
-
4 133
-
income
4 732
-
9 549
-
total
7 235
-
13 682
-
Employer
22 751
-
37 576
-
social contributions
5 403
-
8 924
-
total
5 403
-
8 924
-
Corporate
18 346
46 500
-
-
income
3 853
9 765
-
-
surtax
-
-
-
-
total
3 853
9 765
-
-
Dividends
14 493
36 735
-
-
withholding
4 058
10 286
-
-
total
4 058
10 286
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 549
20 051
22 606
20 374
After tax
25 951
26 449
23 894
26 126
Living cost
15 516
15 516
15 516
15 516
Free-cash
10 435
10 933
8 378
10 610

Estimated living cost  is ₴15516 per week

₴11609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴915
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴455
₴2670
₴2970
₴2946
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 009
other
-
-
-
1 443
surtax
-
-
-
-
social contributions
-
-
-
1 325
health
-
-
-
697
pensions
-
-
-
12 164
total
-
-
-
19 638
Employee
30 982
-
35 434
-
pensions
3 504
-
4 008
-
surtax
-
-
-
-
social contributions
882
-
1 009
-
income
2 703
-
3 856
-
total
7 089
-
8 873
-
Employer
30 982
-
35 434
-
health
2 168
-
2 480
-
pensions
5 091
-
5 822
-
unemployment
1 255
-
1 435
-
social contributions
93
-
106
-
other
1 069
-
1 222
-
total
9 676
-
11 065
-
Corporate
5 842
46 500
-
-
income
1 635
13 020
-
-
surtax
-
-
-
-
total
1 635
13 020
-
-
Dividends
4 206
33 480
-
-
surtax
-
-
-
-
social contributions
723
5 758
-
-
withholding
539
4 285
-
-
total
1 262
10 043
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 662
23 063
19 938
19 638
After tax
26 838
23 437
26 562
26 862
Living cost
23 892
23 892
23 892
23 892
Free-cash
2 946
-455
2 670
2 970

Estimated living cost  is ₴23892 per week

₴16170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1954
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5440
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26980
₴22013
₴20713
₴25318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
687
social contributions
-
-
-
10 230
total
-
-
-
10 917
Employee
15 903
-
40 260
-
income
-
-
760
-
social contributions
1 034
-
2 617
-
total
1 034
-
3 377
-
Employer
15 903
-
40 260
-
social contributions
2 465
-
6 240
-
total
2 465
-
6 240
-
Corporate
28 132
46 500
-
-
income
2 813
4 650
-
-
total
2 813
4 650
-
-
Dividends
25 318
41 850
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
6 312
4 650
9 617
10 917
After tax
40 188
41 850
36 883
35 583
Living cost
14 870
14 870
14 870
14 870
Free-cash
25 318
26 980
22 013
20 713

Estimated living cost  is ₴14870 per week

₴9614
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
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.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
-₴61106
-₴61106
₴5228
-₴61106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 484
national
-
-
-
4 888
pensions
-
-
-
428
total
-
-
-
17 486
Employee
100 393
100 393
100 393
-
municipal
21 378
21 378
21 378
-
labour market
8 020
8 020
8 020
-
pensions
143
143
143
-
national
12 265
12 265
12 265
-
total
41 806
41 806
41 806
-
Employer
100 393
100 393
100 393
-
national
12 286
12 286
12 286
-
labour market
8 031
8 031
8 031
-
pensions
285
285
285
-
municipal
21 412
21 412
21 412
-
total
42 014
42 014
42 014
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
83 820
83 820
83 820
17 486
After tax
-37 320
-37 320
-37 320
29 014
Living cost
23 786
23 786
23 786
23 786
Free-cash
-61 106
-61 106
-61 106
5 228

Estimated living cost  is ₴23786 per week

₴16279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2104
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5037
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7110
₴12910
₴21062
₴2098
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
11 067
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 088
total
-
-
-
14 562
Employee
17 109
-
39 351
-
pensions
1 927
-
3 828
-
income
2 347
-
7 231
-
health
1 959
-
4 506
-
total
6 233
-
15 565
-
Employer
17 109
-
39 351
-
pensions
2 782
-
5 528
-
accident
286
-
657
-
unemployment
419
-
964
-
total
3 487
-
7 149
-
Corporate
25 905
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.

23 314
41 850
-
-
total
23 314
41 850
-
-
Dividends
2 590
4 650
-
-
withholding
492
884
-
-
total
492
884
-
-
Income
46 500
46 500
46 500
46 500
Total tax
33 526
42 734
22 714
14 562
After tax
12 974
3 766
23 786
31 938
Living cost
10 876
10 876
10 876
10 876
Free-cash
2 098
-7 110
12 910
21 062

Estimated living cost  is ₴10876 per week

₴7916
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴620
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12152
₴7771
₴14359
₴10770
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
510
municipal
-
-
-
8 279
national
-
-
-
4 360
total
-
-
-
13 149
Employee
26 026
-
39 118
-
municipal
4 263
-
6 389
-
unemployment
391
-
587
-
pensions
1 756
-
2 641
-
national
430
-
2 343
-
health
194
-
396
-
total
7 034
-
12 356
-
Employer
26 026
-
39 118
-
health
200
-
301
-
pensions
4 515
-
6 787
-
accident
26
-
39
-
unemployment
169
-
254
-
total
4 910
-
7 381
-
Corporate
15 564
46 500
-
-
income
3 113
9 300
-
-
total
3 113
9 300
-
-
Dividends

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

9 338
27 900
-
-
municipal
1 681
5 022
-
-
national
-
1 034
-
-
total
1 681
6 056
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 738
15 356
19 737
13 149
After tax
29 762
31 144
26 763
33 351
Living cost
18 992
18 992
18 992
18 992
Free-cash
10 770
12 152
7 771
14 359

Estimated living cost  is ₴18992 per week

₴12405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1827
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4458
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22602
₴21892
₴21938
₴19910
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 669
social contributions
-
-
-
7 254
health
-
-
-
1 186
total
-
-
-
13 109
Employee
38 038
38 038
42 215
-
social contributions
1 438
3 157
3 504
-
income
4 142
3 521
4 649
-
health
295
647
717
-
total
5 875
7 325
8 870
-
Employer
38 038
38 038
42 215
-
health
320
704
781
-
social contributions
1 438
3 157
3 504
-
total
1 758
3 861
4 285
-
Corporate
27 414
4 601
-
-
income
3 426
575
-
-
total
3 426
575
-
-
Dividends
23 988
4 026
-
-
withholding
4 078
684
-
-
total
4 078
684
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 137
12 445
13 155
13 109
After tax
31 363
34 055
33 345
33 391
Living cost
11 453
11 453
11 453
11 453
Free-cash
19 910
22 602
21 892
21 938

Estimated living cost  is ₴11453 per week

₴6864
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30653
₴20837
₴29300
₴28138
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 395
unemployment
-
-
-
14
health
-
-
-
1 790
pensions
-
-
-
3 147
total
-
-
-
9 346
Employee

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

11 354
-
42 157
-
unemployment
56
-
211
-
pensions
1 703
-
6 323
-
income
776
-
3 349
-
health
965
-
3 583
-
total
3 500
-
13 466
-
Employer

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

11 354
-
42 157
-
health
488
-
1 813
-
pensions
624
-
2 319
-
unemployment
56
-
211
-
total
1 168
-
4 343
-
Corporate
33 977
46 500
-
-
income
3 058
4 185
-
-
total
3 058
4 185
-
-
Dividends
30 919
42 315
-
-
withholding
2 782
3 808
-
-
total
2 782
3 808
-
-
Income
46 500
46 500
46 500
46 500
Total tax
10 508
7 993
17 809
9 346
After tax
35 992
38 507
28 691
37 154
Living cost
7 854
7 854
7 854
7 854
Free-cash
28 138
30 653
20 837
29 300

Estimated living cost  is ₴7854 per week

₴5011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴566
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.
₴2043
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17734
₴11234
₴11040
₴15141
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
413
income
-
-
-
8 102
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 975
total
-
-
-
21 857
Employee
18 291
-
35 260
-
other
18
-
36
-
unemployment
283
-
546
-
pensions
860
-
1 657
-
income
3 526
-
8 184
-
total
4 687
-
10 423
-
Employer
18 291
-
35 260
-
pensions
4 316
-
8 321
-
accident
362
-
698
-
unemployment
1 006
-
1 939
-
other
146
-
282
-
total
5 830
-
11 240
-
Corporate
22 378
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.

3 357
6 975
-
-
total
3 357
6 975
-
-
Dividends
19 021
39 525
-
-
withholding
3 882
8 188
-
-
total
3 882
8 188
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 756
15 163
21 663
21 857
After tax
28 744
31 337
24 837
24 643
Living cost
13 603
13 603
13 603
13 603
Free-cash
15 141
17 734
11 234
11 040

Estimated living cost  is ₴13603 per week

₴9182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1308
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴28055
₴28631
₴28700
₴27898
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 630
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
16 839
Employee
1 464
-
45 711
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
15 593
-
health
73
-
175
-
total
503
-
16 119
-
Employer
1 464
-
45 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
44 706
46 500
-
-
income
9 835
10 230
-
-
total
9 835
10 230
-
-
Dividends
34 871
36 270
-
-
withholding
6 974
7 254
-
-
total
6 974
7 254
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 641
17 484
16 908
16 839
After tax
28 859
29 016
29 592
29 661
Living cost
961
961
961
961
Free-cash
27 898
28 055
28 631
28 700

Estimated living cost  is ₴961 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
₴25045
₴15693
₴15693
₴22613
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 443
unemployment
-
-
-
548
health
-
-
-
3 764
pensions
-
-
-
9 501
total
-
-
-
22 256
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.

12 894
-
39 959
-
unemployment
97
-
274
-
pensions
1 805
-
5 116
-
income
1 777
-
8 443
-
health
664
-
1 882
-
total
4 343
-
15 715
-
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.

12 894
-
39 959
-
health
664
-
1 882
-
pensions
1 547
-
4 385
-
unemployment
97
-
274
-
total
2 308
-
6 541
-
Corporate
31 298
46 500
-
-
income
4 695
6 975
-
-
total
4 695
6 975
-
-
Dividends
26 603
39 525
-
-
withholding
3 990
5 929
-
-
total
3 990
5 929
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 336
12 904
22 256
22 256
After tax
31 164
33 596
24 244
24 244
Living cost
8 551
8 551
8 551
8 551
Free-cash
22 613
25 045
15 693
15 693

Estimated living cost  is ₴8551 per week

₴5757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13113
₴10558
₴12790
₴12936
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 216
surtax
-
-
-
-
social contributions

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

-
-
-
16 158
total
-
-
-
20 374
Employee
19 199
-
37 576
-
surtax
-
-
-
-
social contributions
2 112
-
4 133
-
income
3 751
-
9 549
-
total
5 863
-
13 682
-
Employer
19 199
-
37 576
-
social contributions
4 559
-
8 924
-
total
4 559
-
8 924
-
Corporate
22 741
46 500
-
-
income
4 775
9 765
-
-
surtax
-
-
-
-
total
4 775
9 765
-
-
Dividends
17 966
36 735
-
-
withholding
5 031
10 286
-
-
total
5 031
10 286
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 228
20 051
22 606
20 374
After tax
26 272
26 449
23 894
26 126
Living cost
13 336
13 336
13 336
13 336
Free-cash
12 936
13 113
10 558
12 790

Estimated living cost  is ₴13336 per week

₴9445
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
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.
₴2728
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13952
₴7452
₴7258
₴10179
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
413
income
-
-
-
8 102
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 975
total
-
-
-
21 857
Employee
23 890
-
35 260
-
other
23
-
36
-
unemployment
370
-
546
-
pensions
1 123
-
1 657
-
income
4 990
-
8 184
-
total
6 506
-
10 423
-
Employer
23 890
-
35 260
-
pensions
5 638
-
8 321
-
accident
473
-
698
-
unemployment
1 314
-
1 939
-
other
192
-
282
-
total
7 617
-
11 240
-
Corporate
14 993
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.

2 249
6 975
-
-
total
2 249
6 975
-
-
Dividends
12 744
39 525
-
-
withholding
2 564
8 188
-
-
total
2 564
8 188
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 936
15 163
21 663
21 857
After tax
27 564
31 337
24 837
24 643
Living cost
17 385
17 385
17 385
17 385
Free-cash
10 179
13 952
7 452
7 258

Estimated living cost  is ₴17385 per week

₴12485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3303
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31253
₴27797
₴26410
₴28240
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 986
pensions

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

-
-
-
2 556
total
-
-
-
11 586
Employee
11 260
-
43 112
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

989
-
1 516
-
income
1 126
-
4 311
-
health
518
-
794
-
total
2 757
-
6 811
-
Employer
11 260
-
43 112
-
health
777
-
1 191
-
pensions

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

1 241
-
1 903
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 210
-
3 388
-
Corporate
33 031
46 500
-
-
income
3 303
4 650
-
-
total
3 303
4 650
-
-
Dividends
29 727
41 850
-
-
withholding
1 486
2 093
-
-
total
1 486
2 093
-
-
Income
46 500
46 500
46 500
46 500
Total tax
9 756
6 743
10 199
11 586
After tax
36 744
39 757
36 301
34 914
Living cost
8 504
8 504
8 504
8 504
Free-cash
28 240
31 253
27 797
26 410

Estimated living cost  is ₴8504 per week

₴5624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4899
₴14353
₴10980
₴11372
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
9 166
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.

-
-
-
504
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.

-
-
-
3 379
trade
-
-
-
3 373
total
-
-
-
16 422
Employee

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

24 613
-
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.

112
-
504
-
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.

2 024
-
9 166
-
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.

3 379
-
3 379
-
total
5 515
-
13 049
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 887
46 500
-
-
income
3 283
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.

180
384
-
-
chamber of commerce
107
144
-
-
trade
3 141
6 672
-
-
total
6 711
14 175
-
-
Dividends
15 176
32 325
-
-
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.

198
434
-
-
withholding
3 606
7 894
-
-
total
3 804
8 328
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 030
22 503
13 049
16 422
After tax
30 470
23 997
33 451
30 078
Living cost
19 098
19 098
19 098
19 098
Free-cash
11 372
4 899
14 353
10 980

Estimated living cost  is ₴19098 per week

₴13174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2055
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3592
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4370
₴3824
₴3824
₴5464
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 424
social contributions
-
-
-
4 073
total
-
-
-
14 497
Employee
38 694
-
46 500
-
income
7 301
-
10 424
-
social contributions
3 215
-
4 073
-
total
10 516
-
14 497
-
Employer
38 694
-
46 500
-
total
-
-
-
-
Corporate
7 806
46 500
-
-
income
975
5 813
-
-
total
975
5 813
-
-
Dividends
6 830
40 687
-
-
withholding
1 366
8 138
-
-
total
1 366
8 138
-
-
Income
46 500
46 500
46 500
46 500
Total tax
12 857
13 951
14 497
14 497
After tax
33 643
32 549
32 003
32 003
Living cost
28 179
28 179
28 179
28 179
Free-cash
5 464
4 370
3 824
3 824

Estimated living cost  is ₴28179 per week

₴21438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2296
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9655
₴16148
₴11434
₴11896
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 081
health

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

-
-
-
3 028
total
-
-
-
17 109
Employee
22 692
-
44 225
-
income
2 462
-
7 845
-
social contributions
2 274
-
2 275
-
total
4 736
-
10 120
-
Employer
22 692
-
44 225
-
social contributions
2 274
-
2 275
-
total
2 274
-
2 275
-
Corporate
21 534
46 500
-
-
income
7 537
16 275
-
-
total
7 537
16 275
-
-
Dividends
13 997
30 225
-
-
social contributions
2 100
2 613
-
-
total
2 100
2 613
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 647
18 888
12 395
17 109
After tax
29 853
27 612
34 105
29 391
Living cost
17 957
17 957
17 957
17 957
Free-cash
11 896
9 655
16 148
11 434

Estimated living cost  is ₴17957 per week

₴11828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
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.
₴4437
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16551
₴11043
₴15795
₴13924
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 177
pensions
-
-
-
3 369
total
-
-
-
12 546
Employee
24 925
-
40 988
-
pensions
1 902
-
3 830
-
income
4 539
-
7 301
-
health
325
-
655
-
total
6 766
-
11 786
-
Employer
24 925
-
40 988
-
health
474
-
778
-
pensions
2 518
-
4 734
-
total
2 992
-
5 512
-
Corporate
18 583
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.

3 530
8 835
-
-
total
3 530
8 835
-
-
Dividends
15 052
37 665
-
-
withholding
1 129
2 955
-
-
total
1 129
2 955
-
-
Income
46 500
46 500
46 500
46 500
Total tax
14 417
11 790
17 298
12 546
After tax
32 083
34 710
29 202
33 954
Living cost
18 159
18 159
18 159
18 159
Free-cash
13 924
16 551
11 043
15 795

Estimated living cost  is ₴18159 per week

₴12457
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1670
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.
₴3804
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8187
₴11833
₴19985
₴1932
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
11 067
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 088
total
-
-
-
14 562
Employee
18 802
-
39 351
-
pensions
2 117
-
3 828
-
income
2 579
-
7 231
-
health
2 153
-
4 506
-
total
6 849
-
15 565
-
Employer
18 802
-
39 351
-
pensions
3 057
-
5 528
-
accident
314
-
657
-
unemployment
461
-
964
-
total
3 832
-
7 149
-
Corporate
23 866
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.

21 480
41 850
-
-
total
21 480
41 850
-
-
Dividends
2 387
4 650
-
-
withholding
454
884
-
-
total
454
884
-
-
Income
46 500
46 500
46 500
46 500
Total tax
32 615
42 734
22 714
14 562
After tax
13 885
3 766
23 786
31 938
Living cost
11 953
11 953
11 953
11 953
Free-cash
1 932
-8 187
11 833
19 985

Estimated living cost  is ₴11953 per week

₴8772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32460
₴21918
₴19989
₴30454
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 054
unemployment
-
-
-
558
work injury
-
-
-
232
health insurance
-
-
-
3 441
pensions
-
-
-
8 556
total
-
-
-
19 841
Employee

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

10 672
-
46 500
-
health insurance
790
-
2 922
-
unemployment
128
-
474
-
work injury
53
-
197
-
pensions
1 964
-
7 265
-
income
1 067
-
7 054
-
total
4 002
-
17 912
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 828
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
35 828
46 035
-
-
withholding
5 374
6 905
-
-
total
5 374
6 905
-
-
Income
46 500
46 500
46 500
46 500
Total tax
9 376
7 370
17 912
19 841
After tax
37 124
39 130
28 588
26 659
Living cost
6 670
6 670
6 670
6 670
Free-cash
30 454
32 460
21 918
19 989

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4787
₴1825
₴3951
₴2536
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
902
municipal
-
-
-
311
national
-
-
-
9 671
total
-
-
-
22 843
Employee
41 684
-
46 500
-
municipal
249
-
277
-
national
7 044
-
8 257
-
regional
629
-
755
-
social contributions
14 056
-
15 680
-
total
21 978
-
24 969
-
Employer
41 684
-
46 500
-
total
-
-
-
-
Corporate
4 816
46 500
-
-
municipal
232
2 242
-
-
nationa
1 156
11 160
-
-
total
1 388
13 402
-
-
Dividends
3 429
33 099
-
-
withholding
892
8 605
-
-
total
892
8 605
-
-
Income
46 500
46 500
46 500
46 500
Total tax
24 258
22 007
24 969
22 843
After tax
22 242
24 493
21 531
23 657
Living cost
19 706
19 706
19 706
19 706
Free-cash
2 536
4 787
1 825
3 951

Estimated living cost  is ₴19706 per week

₴13842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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