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
₴13849
₴8286
₴18305
₴14665
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
3 640
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.

-
-
-
9 026
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.

-
-
-
3 437
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.

-
-
-
496
total
-
-
-
16 599
Employee

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

19 240
-
46 500
-
surtax

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

30
-
496
-
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.

3 437
-
3 437
-
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.

537
-
9 026
-
total
4 004
-
12 959
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 260
46 500
-
-
trade
4 294
7 324
-
-
income
4 089
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.

225
384
-
-
chamber of commerce
116
143
-
-
total
8 724
14 826
-
-
Dividends
18 537
31 674
-
-
withholding
4 443
7 727
-
-
surtax

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

244
425
-
-
total
4 687
8 152
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 415
22 978
12 959
16 599
After tax
29 085
23 522
33 541
29 901
Living cost
15 236
15 236
15 236
15 236
Free-cash
13 849
8 286
18 305
14 665

Estimated living cost  is ₴15236 per week

₴9584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1777
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.
₴3591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2814
₴3241
₴2800
₴2435
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 580
municipal
-
-
-
4 789
national
-
-
-
7 421
total
-
-
-
18 290
Employee
39 956
-
40 199
-
national
7 647
-
7 700
-
municipal
4 935
-
4 969
-
pensions
1 598
-
1 608
-
total
14 180
-
14 277
-
Employer
39 956
-
40 199
-
pensions
3 196
-
3 216
-
social contributions
430
-
432
-
total
3 626
-
3 648
-
Corporate
281
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%.

56
9 300
-
-
total
56
9 300
-
-
Dividends
225
37 200
-
-
withholding
49
8 184
-
-
total
49
8 184
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 911
17 484
17 925
18 290
After tax
28 589
29 016
28 575
28 210
Living cost
25 775
25 775
25 775
25 775
Free-cash
2 814
3 241
2 800
2 435

Estimated living cost  is ₴25775 per week

₴17519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴386
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22608
₴26735
₴15788
₴14401
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
income
-
-
-
6 684
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
21 634
Employee
14 699
-
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.

1 617
-
4 122
-
income
2 617
-
7 098
-
total
4 234
-
11 220
-
Employer
14 699
-
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.

3 541
-
9 027
-
surtax
-
-
-
-
total
3 541
-
9 027
-
Corporate
28 261
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%.

5 652
9 300
-
-
total
5 652
9 300
-
-
Dividends

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

22 608
37 200
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
13 427
9 300
20 247
21 634
After tax
33 073
37 200
26 253
24 866
Living cost
10 465
10 465
10 465
10 465
Free-cash
22 608
26 735
15 788
14 401

Estimated living cost  is ₴10465 per week

₴6676
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴997
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.
₴2555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3451
-₴628
-₴3451
₴5341
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 381
pensions
-
-
-
5 894
health
-
-
-
5 811
total
-
-
-
20 086
Employee
42 957
42 957
42 957
-
health
6 593
5 608
6 593
-
pensions
7 732
5 894
7 732
-
income

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

7 031
7 031
7 031
-
total
21 356
18 533
21 356
-
Employer
42 957
42 957
42 957
-
pensions
2 990
2 990
2 990
-
unemployment
1 546
1 546
1 546
-
health
2 986
2 986
2 986
-
total
7 522
7 522
7 522
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
28 878
26 055
28 878
20 086
After tax
17 622
20 445
17 622
26 414
Living cost
21 073
21 073
21 073
21 073
Free-cash
-3 451
-628
-3 451
5 341

Estimated living cost  is ₴21073 per week

₴14934
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1900
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴335
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4167
₴4633
₴4076
₴2629
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 286
unemployment
-
-
-
46
pensions
-
-
-
4 917
municipal
-
-
-
9 937
accident
-
-
-
91
national
-
-
-
-
health
-
-
-
2 838
total
-
-
-
23 115
Employee
29 575
-
35 383
-
national
-
-
-
-
municipal
8 819
-
10 551
-
total
8 819
-
10 551
-
Employer
29 575
-
35 383
-
other
3 437
-
4 111
-
accident
59
-
71
-
pensions
3 197
-
3 825
-
unemployment
781
-
934
-
health
1 819
-
2 176
-
total
9 293
-
11 117
-
Corporate
7 633
46 500
-
-
income
1 679
10 230
-
-
total
1 679
10 230
-
-
Dividends
5 954
36 270
-
-
withholding
1 786
10 881
-
-
total
1 786
10 881
-
-
Income
46 500
46 500
46 500
46 500
Total tax
21 577
21 111
21 668
23 115
After tax
24 923
25 389
24 832
23 385
Living cost
20 756
20 756
20 756
20 756
Free-cash
4 167
4 633
4 076
2 629

Estimated living cost  is ₴20756 per week

₴13756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2037
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10591
₴3522
₴13780
₴9978
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
3 802
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.

-
-
-
9 026
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.

-
-
-
3 437
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.

-
-
-
496
total
-
-
-
16 761
Employee

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

25 510
-
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.

120
-
496
-
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.

3 437
-
3 437
-
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.

2 192
-
9 026
-
total
5 749
-
12 959
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 990
46 500
-
-
trade
3 453
7 649
-
-
income
3 148
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.

173
384
-
-
chamber of commerce
106
142
-
-
total
6 880
15 150
-
-
Dividends
14 110
31 350
-
-
withholding
3 336
7 646
-
-
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.

183
421
-
-
total
3 519
8 067
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 148
23 217
12 959
16 761
After tax
30 352
23 283
33 541
29 739
Living cost
19 761
19 761
19 761
19 761
Free-cash
10 591
3 522
13 780
9 978

Estimated living cost  is ₴19761 per week

₴13216
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2084
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.
₴4166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15656
₴17743
₴17145
₴17190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 254
income
-
-
-
4 554
health
-
-
-
1 186
total
-
-
-
12 994
Employee
38 681
38 681
42 215
-
health
385
658
718
-
social contributions
1 880
3 210
3 503
-
income
4 062
3 581
4 534
-
total
6 327
7 449
8 755
-
Employer
38 681
38 681
42 215
-
social contributions
1 880
3 210
3 503
-
health
419
716
781
-
total
2 299
3 926
4 284
-
Corporate
21 559
3 893
-
-
income
2 695
487
-
-
total
2 695
487
-
-
Dividends
18 865
3 406
-
-
withholding
3 207
579
-
-
total
3 207
579
-
-
Income
46 500
46 500
46 500
46 500
Total tax
14 528
12 441
13 039
12 994
After tax
31 972
34 059
33 461
33 506
Living cost
16 316
16 316
16 316
16 316
Free-cash
15 656
17 743
17 145
17 190

Estimated living cost  is ₴16316 per week

₴11154
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1274
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17158
₴16965
₴17709
₴22966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
697
income
-
-
-
5 685
pensions
-
-
-
4 650
health
-
-
-
3 255
total
-
-
-
14 287
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.

13 348
5 312
38 912
-
unemployment
200
80
584
-
health
934
372
2 724
-
pensions
1 335
531
3 891
-
income
1 632
649
4 757
-
total
4 101
1 632
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.

13 348
5 312
38 912
-
pensions
2 603
1 036
7 588
-
total
2 603
1 036
7 588
-
Corporate
30 549
40 152
-
-
income
2 749
3 614
-
-
total
2 749
3 614
-
-
Dividends
27 800
36 538
-
-
withholding
5 282
6 942
-
-
social contributions
5 360
7 064
-
-
total
10 642
14 006
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 095
20 288
19 544
14 287
After tax
26 405
26 212
26 956
32 213
Living cost
9 247
9 247
9 247
9 247
Free-cash
17 158
16 965
17 709
22 966

Estimated living cost  is ₴9247 per week

₴6310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴757
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴185
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21925
₴25050
₴14652
₴12774
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 300
health
-
-
-
6 045
total
-
-
-
21 576
Employee
14 270
-
34 754
-
unemployment
228
-
557
-
pensions
285
-
695
-
income
1 607
-
6 700
-
total
2 120
-
7 952
-
Employer
14 270
-
34 754
-
pensions
2 854
-
6 950
-
unemployment
115
-
278
-
health
1 855
-
4 518
-
total
4 824
-
11 746
-
Corporate
27 406
46 500
-
-
income
5 481
9 300
-
-
total
5 481
9 300
-
-
Dividends
21 925
37 200
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
12 425
9 300
19 698
21 576
After tax
34 075
37 200
26 802
24 924
Living cost
12 150
12 150
12 150
12 150
Free-cash
21 925
25 050
14 652
12 774

Estimated living cost  is ₴12150 per week

₴8334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴724
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2027
-₴7570
₴12367
₴20611
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
191
income
-
-
-
10 964
pensions
-
-
-
2 144
accident
-
-
-
130
health
-
-
-
1 124
total
-
-
-
14 553
Employee
17 832
-
39 208
-
health
2 042
-
4 489
-
pensions
2 008
-
3 931
-
income
2 446
-
7 085
-
total
6 496
-
15 505
-
Employer
17 832
-
39 208
-
accident
298
-
655
-
pensions
2 900
-
5 677
-
unemployment
437
-
960
-
total
3 635
-
7 292
-
Corporate
25 034
46 500
-
-
income

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

22 530
41 850
-
-
total
22 530
41 850
-
-
Dividends
2 503
4 650
-
-
withholding
476
884
-
-
total
476
884
-
-
Income
46 500
46 500
46 500
46 500
Total tax
33 137
42 734
22 797
14 553
After tax
13 363
3 766
23 703
31 947
Living cost
11 336
11 336
11 336
11 336
Free-cash
2 027
-7 570
12 367
20 611

Estimated living cost  is ₴11336 per week

₴8308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴628
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.
₴2163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39294
₴40064
₴33089
₴41924
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 138
-
46 500
-
income
1 027
-
9 300
-
total
1 027
-
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%.

41 362
46 500
-
-
total
-
-
-
-
Dividends
41 362
46 500
-
-
withholding
2 068
2 325
-
-
total
2 068
2 325
-
-
Income
46 500
46 500
46 500
46 500
Total tax
3 095
2 325
9 300
465
After tax
43 405
44 175
37 200
46 035
Living cost
4 111
4 111
4 111
4 111
Free-cash
39 294
40 064
33 089
41 924

Estimated living cost  is ₴4111 per week

₴2547
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴113
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17363
₴20759
₴13853
₴11775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 209
income
-
-
-
5 906
pensions

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

-
-
-
11 160
health
-
-
-
2 046
total
-
-
-
21 321
Employee
18 265
-
37 141
-
unemployment
182
-
371
-
health
256
-
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.

1 278
-
2 599
-
income
3 144
-
6 394
-
total
4 860
-
9 884
-
Employer
18 265
-
37 141
-
other
914
-
1 857
-
accident
146
-
297
-
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.

3 105
-
6 314
-
unemployment
182
-
371
-
health
256
-
520
-
total
4 603
-
9 359
-
Corporate
23 632
46 500
-
-
income
4 963
9 765
-
-
total
4 963
9 765
-
-
Dividends
18 669
36 735
-
-
withholding
1 307
2 572
-
-
total
1 307
2 572
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 733
12 337
19 243
21 321
After tax
30 767
34 163
27 257
25 179
Living cost
13 404
13 404
13 404
13 404
Free-cash
17 363
20 759
13 853
11 775

Estimated living cost  is ₴13404 per week

₴9471
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6606
₴1789
-₴3793
₴1026
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 103
pensions
-
-
-
3 361
total
-
-
-
12 464
Employee
46 704
-
40 994
-
health
770
-
652
-
pensions
4 506
-
3 821
-
income
8 419
-
7 305
-
total
13 695
-
11 778
-
Employer
46 704
-
40 994
-
pensions
5 514
-
4 726
-
health
887
-
779
-
total
6 401
-
5 505
-
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
-
2 866
-
-
total
-
2 866
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 096
11 701
17 283
12 464
After tax
26 404
34 799
29 217
34 036
Living cost
33 010
33 010
33 010
33 010
Free-cash
-6 606
1 789
-3 793
1 026

Estimated living cost  is ₴33010 per week

₴24735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3878
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4128
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴30821
₴33158
₴29602
₴28232
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
70
income
-
-
-
6 975
pensions

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

-
-
-
2 602
health
-
-
-
2 022
total
-
-
-
11 669
Employee
8 738
-
43 051
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
health
402
-
809
-
pensions

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

767
-
1 544
-
income
874
-
4 305
-
total
2 139
-
6 851
-
Employer
8 738
-
43 051
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
pensions

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

963
-
1 937
-
unemployment
52
-
105
-
health
603
-
1 213
-
total
1 714
-
3 448
-
Corporate
36 047
46 500
-
-
income
3 605
4 650
-
-
total
3 605
4 650
-
-
Dividends
32 443
41 850
-
-
withholding
1 622
2 093
-
-
total
1 622
2 093
-
-
Income
46 500
46 500
46 500
46 500
Total tax
9 080
6 743
10 299
11 669
After tax
37 420
39 757
36 201
34 831
Living cost
6 599
6 599
6 599
6 599
Free-cash
30 821
33 158
29 602
28 232

Estimated living cost  is ₴6599 per week

₴3853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴471
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8303
-₴7449
-₴10272
-₴1480
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 381
pensions
-
-
-
5 894
health
-
-
-
5 811
total
-
-
-
20 086
Employee
46 637
42 957
42 957
-
health
5 818
5 608
6 593
-
pensions
5 894
5 894
7 732
-
income

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

7 031
7 031
7 031
-
total
18 743
18 533
21 356
-
Employer
46 637
42 957
42 957
-
pensions
3 246
2 990
2 990
-
unemployment
1 679
1 546
1 546
-
health
3 241
2 986
2 986
-
total
8 166
7 522
7 522
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
26 909
26 055
28 878
20 086
After tax
19 591
20 445
17 622
26 414
Living cost
27 894
27 894
27 894
27 894
Free-cash
-8 303
-7 449
-10 272
-1 480

Estimated living cost  is ₴27894 per week

₴20576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2491
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.
₴4507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15110
₴19556
₴11138
₴10189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 578
income
-
-
-
3 997
health
-
-
-
6 277
solidarity contribution
-
-
-
-
total
-
-
-
23 852
Employee
18 323
-
34 701
-
solidarity contribution
-
-
-
-
health
2 474
-
4 685
-
social contributions
1 191
-
2 256
-
income
2 199
-
4 164
-
total
5 864
-
11 105
-
Employer
18 323
-
34 701
-
social contributions
4 581
-
8 675
-
health
1 649
-
3 123
-
total
6 230
-
11 798
-
Corporate
21 948
46 500
-
-
income
4 170
8 835
-
-
total
4 170
8 835
-
-
Dividends
17 778
37 665
-
-
withholding
2 667
5 650
-
-
total
2 667
5 650
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 931
14 485
22 903
23 852
After tax
27 569
32 015
23 597
22 648
Living cost
12 459
12 459
12 459
12 459
Free-cash
15 110
19 556
11 138
10 189

Estimated living cost  is ₴12459 per week

₴8654
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴886
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.
₴2674
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴956
₴3584
₴706
₴2919
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
507
social contributions
-
-
-
11 960
municipal
-
-
-
276
national
-
-
-
9 612
total
-
-
-
22 355
Employee
44 706
-
46 500
-
national
7 747
-
8 199
-
regional
422
-
443
-
municipal
237
-
246
-
social contributions
15 075
-
15 680
-
total
23 481
-
24 568
-
Employer
44 706
-
46 500
-
total
-
-
-
-
Corporate
1 794
46 500
-
-
nationa
431
11 160
-
-
municipal
70
1 814
-
-
total
501
12 974
-
-
Dividends
1 293
33 526
-
-
withholding
336
8 716
-
-
total
336
8 716
-
-
Income
46 500
46 500
46 500
46 500
Total tax
24 318
21 690
24 568
22 355
After tax
22 182
24 810
21 932
24 145
Living cost
21 226
21 226
21 226
21 226
Free-cash
956
3 584
706
2 919

Estimated living cost  is ₴21226 per week

₴14796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1392
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16583
₴18148
₴12319
₴13213
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
8 491
pensions
-
-
-
9 300
health
-
-
-
3 302
surtax
-
-
-
979
total
-
-
-
22 187
Employee
16 635
-
38 414
-
surtax
54
-
876
-
unemployment
1 158
-
2 674
-
other
-
-
-
-
health
425
-
979
-
pensions
1 109
-
2 562
-
income
2 788
-
7 904
-
total
5 534
-
14 995
-
Employer
16 635
-
38 414
-
other
-
-
-
-
pensions
2 218
-
5 120
-
unemployment
527
-
1 218
-
health
757
-
1 748
-
total
3 502
-
8 086
-
Corporate
26 364
46 500
-
-
income
6 855
12 090
-
-
total
6 855
12 090
-
-
Dividends
19 509
34 410
-
-
withholding
2 926
5 162
-
-
total
2 926
5 162
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 817
17 252
23 081
22 187
After tax
27 683
29 248
23 419
24 313
Living cost
11 100
11 100
11 100
11 100
Free-cash
16 583
18 148
12 319
13 213

Estimated living cost  is ₴11100 per week

₴6787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3033
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴8404
₴12248
₴6666
₴11485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 103
pensions
-
-
-
3 361
total
-
-
-
12 464
Employee
31 300
-
40 994
-
health
454
-
652
-
pensions
2 657
-
3 821
-
income
5 637
-
7 305
-
total
8 748
-
11 778
-
Employer
31 300
-
40 994
-
pensions
3 388
-
4 726
-
health
595
-
779
-
total
3 983
-
5 505
-
Corporate
11 218
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.

2 132
8 835
-
-
total
2 132
8 835
-
-
Dividends
9 086
37 665
-
-
withholding
682
2 866
-
-
total
682
2 866
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 545
11 701
17 283
12 464
After tax
30 955
34 799
29 217
34 036
Living cost
22 551
22 551
22 551
22 551
Free-cash
8 404
12 248
6 666
11 485

Estimated living cost  is ₴22551 per week

₴16895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4614
-₴18616
-₴3274
-₴890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
490
regional
-
-
-
1 470
pensions
-
-
-
4 278
national
-
-
-
213
health
-
-
-
130
total
-
-
-
7 511
Employee
46 669
-
41 620
-
national
221
-
181
-
unemployment
-
-
-
-
city
501
-
448
-
regional
1 528
-
1 255
-
health
105
-
93
-
pensions
3 921
-
3 496
-
total
6 276
-
5 473
-
Employer
46 669
-
41 620
-
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.

933
-
833
-
pensions
3 921
-
3 496
-
unemployment
-
-
-
-
health
105
-
93
-
total
4 959
-
4 422
-
Corporate
-
46 500
-
-
regional
-
9 835
-
-
national
-
3 953
-
-
total
-
13 788
-
-
Dividends
-
32 713
-
-
withholding
-
11 449
-
-
total
-
11 449
-
-
Income
46 500
46 500
46 500
46 500
Total tax
11 235
25 237
9 895
7 511
After tax
35 265
21 263
36 605
38 989
Living cost
39 879
39 879
39 879
39 879
Free-cash
-4 614
-18 616
-3 274
-890

Estimated living cost  is ₴39879 per week

₴25933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3579
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴8156
-₴1
₴10497
₴6534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
3 963
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.

-
-
-
9 026
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.

-
-
-
3 437
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.

-
-
-
496
total
-
-
-
16 922
Employee

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

30 231
-
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.

196
-
496
-
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.

3 437
-
3 437
-
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.

3 555
-
9 026
-
total
7 188
-
12 959
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 269
46 500
-
-
trade
2 790
7 975
-
-
income
2 440
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.

135
384
-
-
chamber of commerce
99
142
-
-
total
5 464
15 476
-
-
Dividends
10 805
31 024
-
-
withholding
2 510
7 565
-
-
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
416
-
-
total
2 648
7 981
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 300
23 457
12 959
16 922
After tax
31 200
23 043
33 541
29 578
Living cost
23 044
23 044
23 044
23 044
Free-cash
8 156
-1
10 497
6 534

Estimated living cost  is ₴23044 per week

₴16830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1843
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4071
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9196
₴6227
₴9442
₴9675
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 442
social contributions
-
-
-
1 325
income
-
-
-
3 891
pensions
-
-
-
12 305
health
-
-
-
652
surtax
-
-
-
-
total
-
-
-
19 615
Employee
21 529
-
35 434
-
surtax
-
-
-
-
pensions
2 434
-
4 006
-
social contributions
614
-
1 009
-
income
1 271
-
3 767
-
total
4 319
-
8 782
-
Employer
21 529
-
35 434
-
other
743
-
1 223
-
pensions
3 537
-
5 822
-
unemployment
872
-
1 435
-
social contributions
65
-
106
-
health
1 507
-
2 480
-
total
6 724
-
11 066
-
Corporate
18 248
46 500
-
-
income
5 109
13 020
-
-
surtax
-
-
-
-
total
5 109
13 020
-
-
Dividends
13 139
33 480
-
-
withholding
1 682
4 285
-
-
social contributions
2 260
5 758
-
-
surtax
-
-
-
-
total
3 942
10 043
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 094
23 063
19 848
19 615
After tax
26 406
23 437
26 652
26 885
Living cost
17 210
17 210
17 210
17 210
Free-cash
9 196
6 227
9 442
9 675

Estimated living cost  is ₴17210 per week

₴10852
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4667
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10724
₴7932
₴11147
₴11380
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 442
social contributions
-
-
-
1 325
income
-
-
-
3 891
pensions
-
-
-
12 305
health
-
-
-
652
surtax
-
-
-
-
total
-
-
-
19 615
Employee
19 218
-
35 434
-
surtax
-
-
-
-
pensions
2 174
-
4 006
-
social contributions
548
-
1 009
-
income
991
-
3 767
-
total
3 713
-
8 782
-
Employer
19 218
-
35 434
-
other
663
-
1 223
-
pensions
3 158
-
5 822
-
unemployment
778
-
1 435
-
social contributions
57
-
106
-
health
1 345
-
2 480
-
total
6 001
-
11 066
-
Corporate
21 281
46 500
-
-
income
5 959
13 020
-
-
surtax
-
-
-
-
total
5 959
13 020
-
-
Dividends
15 322
33 480
-
-
withholding
1 962
4 285
-
-
social contributions
2 636
5 758
-
-
surtax
-
-
-
-
total
4 598
10 043
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 271
23 063
19 848
19 615
After tax
26 229
23 437
26 652
26 885
Living cost
15 505
15 505
15 505
15 505
Free-cash
10 724
7 932
11 147
11 380

Estimated living cost  is ₴15505 per week

₴8992
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17965
₴17703
₴19474
₴19195
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 417
income
-
-
-
6 975
health
-
-
-
3 246
total
-
-
-
16 638
Employee
17 056
-
46 500
-
health
1 190
-
3 246
-
social contributions
2 354
-
6 417
-
income
2 845
-
6 696
-
total
6 389
-
16 359
-
Employer
17 056
-
46 500
-
total
-
-
-
-
Corporate
29 444
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%.

1 472
2 325
-
-
total
1 472
2 325
-
-
Dividends
27 972
44 175
-
-
health
1 952
3 083
-
-
withholding
4 195
6 626
-
-
social contributions
3 860
6 096
-
-
total
10 007
15 805
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 868
18 130
16 359
16 638
After tax
28 632
28 370
30 141
29 862
Living cost
10 667
10 667
10 667
10 667
Free-cash
17 965
17 703
19 474
19 195

Estimated living cost  is ₴10667 per week

₴7138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴658
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.
₴2624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7628
₴8408
-₴3099
₴6132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
186
unemployment
-
-
-
3 085
income
-
-
-
7 113
pensions
-
-
-
8 603
health
-
-
-
3 557
surtax
-
-
-
99
total
-
-
-
22 643
Employee
25 139
20 047
36 031
-
unemployment
754
601
1 081
-
other
251
200
360
-
health
973
776
1 395
-
pensions
2 575
2 052
3 690
-
income
2 862
1 479
6 348
-
total
7 415
5 108
12 874
-
Employer
25 139
20 047
36 031
-
payroll
754
601
1 081
-
other
1 194
952
1 712
-
accident
326
261
469
-
pensions
3 155
2 516
4 522
-
unemployment
754
601
1 081
-
chamber of commerce
100
80
144
-
surtax
99
99
99
-
health
950
758
1 362
-
total
7 332
5 868
10 470
-
Corporate
14 028
20 585
34 122
-
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.

3 507
5 146
8 530
-
total
3 507
5 146
8 530
-
Dividends
10 520
15 438
-
-
withholding
2 893
4 245
-
-
total
2 893
4 245
-
-
Income
46 500
46 500
46 500
46 500
Total tax
21 147
20 367
31 874
22 643
After tax
25 353
26 133
14 626
23 857
Living cost
17 725
17 725
17 725
17 725
Free-cash
7 628
8 408
-3 099
6 132

Estimated living cost  is ₴17725 per week

₴11822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34
₴7752
₴12
₴3963
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 049
national
-
-
-
14 780
communal

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

-
-
-
2 367
total
-
-
-
24 196
Employee

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

35 982
-
36 016
-
national
11 062
-
11 075
-
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.

313
-
313
-
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.

1 691
-
1 693
-
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.

2 699
-
2 702
-
communal

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

1 877
-
1 879
-
total
17 642
-
17 662
-
Employer

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

35 982
-
36 016
-
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.

468
-
468
-
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.

3 188
-
3 191
-
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.

525
-
526
-
surtax
4 080
-
4 084
-
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.

2 213
-
2 216
-
total
10 474
-
10 485
-
Corporate
44
46 500
-
-
income
9
9 300
-
-
surtax
-
186
-
-
total
9
9 486
-
-
Dividends
35
37 014
-
-
withholding

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

-
10 921
-
-
total
-
10 921
-
-
Income
46 500
46 500
46 500
46 500
Total tax
28 125
20 407
28 147
24 196
After tax
18 375
26 093
18 353
22 304
Living cost
18 341
18 341
18 341
18 341
Free-cash
34
7 752
12
3 963

Estimated living cost  is ₴18341 per week

₴11814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1604
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9165
₴13172
₴6698
₴6369
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
8 014
pensions
-
-
-
13 159
accident
-
-
-
418
total
-
-
-
21 964
Employee
25 040
-
35 259
-
unemployment
389
-
547
-
other
25
-
35
-
pensions
1 177
-
1 657
-
income
5 283
-
8 155
-
total
6 874
-
10 394
-
Employer
25 040
-
35 259
-
other
200
-
283
-
accident
495
-
698
-
pensions
5 909
-
8 321
-
unemployment
1 377
-
1 939
-
total
7 981
-
11 241
-
Corporate
13 479
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.

2 022
6 975
-
-
total
2 022
6 975
-
-
Dividends
11 457
39 525
-
-
withholding
2 291
8 186
-
-
total
2 291
8 186
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 168
15 161
21 635
21 964
After tax
27 332
31 339
24 865
24 536
Living cost
18 167
18 167
18 167
18 167
Free-cash
9 165
13 172
6 698
6 369

Estimated living cost  is ₴18167 per week

₴13378
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1289
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.
₴3238
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2009
₴1235
₴1922
-₴272
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 562
pensions
-
-
-
6 970
accident
-
-
-
392
communal
-
-
-
2 939
health
-
-
-
3 267
surtax
-
-
-
2 305
total
-
-
-
19 435
Employee
38 094
-
41 536
-
surtax
2 335
-
2 546
-
health
1 695
-
1 848
-
pensions
3 047
-
3 323
-
income
3 680
-
4 560
-
total
10 757
-
12 277
-
Employer
38 094
-
41 536
-
accident
343
-
374
-
pensions
3 047
-
3 323
-
health
1 162
-
1 267
-
total
4 552
-
4 964
-
Corporate
3 854
46 500
-
-
income
578
6 975
-
-
communal
-
3 139
-
-
surtax
40
488
-
-
total
618
10 602
-
-
Dividends
3 236
35 898
-
-
withholding
485
5 385
-
-
income
4 760
1 941
-
-
total
5 245
7 326
-
-
Income
46 500
46 500
46 500
46 500
Total tax
21 172
17 928
17 241
19 435
After tax
25 328
28 572
29 259
27 065
Living cost
27 337
27 337
27 337
27 337
Free-cash
-2 009
1 235
1 922
-272

Estimated living cost  is ₴27337 per week

₴20507
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1656
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.
₴4884
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16350
₴17949
₴12120
₴13014
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
8 491
pensions
-
-
-
9 300
health
-
-
-
3 302
surtax
-
-
-
979
total
-
-
-
22 187
Employee
16 940
-
38 414
-
surtax
60
-
876
-
unemployment
1 179
-
2 674
-
other
-
-
-
-
health
432
-
979
-
pensions
1 130
-
2 562
-
income
2 840
-
7 904
-
total
5 641
-
14 995
-
Employer
16 940
-
38 414
-
other
-
-
-
-
pensions
2 259
-
5 120
-
unemployment
537
-
1 218
-
health
770
-
1 748
-
total
3 566
-
8 086
-
Corporate
25 993
46 500
-
-
income
6 759
12 090
-
-
total
6 759
12 090
-
-
Dividends
19 235
34 410
-
-
withholding
2 885
5 162
-
-
total
2 885
5 162
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 851
17 252
23 081
22 187
After tax
27 649
29 248
23 419
24 313
Living cost
11 299
11 299
11 299
11 299
Free-cash
16 350
17 949
12 120
13 014

Estimated living cost  is ₴11299 per week

₴6822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴982
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3233
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9773
₴10890
₴8198
₴10400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
701
social contributions
-
-
-
11 960
municipal
-
-
-
276
national
-
-
-
9 612
total
-
-
-
22 549
Employee
27 904
-
46 500
-
national
4 421
-
8 199
-
regional
376
-
626
-
municipal
148
-
246
-
social contributions
9 409
-
15 680
-
total
14 354
-
24 751
-
Employer
27 904
-
46 500
-
total
-
-
-
-
Corporate
18 596
46 500
-
-
nationa
4 463
11 160
-
-
municipal
924
2 311
-
-
total
5 387
13 471
-
-
Dividends
13 209
33 029
-
-
withholding
3 435
8 588
-
-
total
3 435
8 588
-
-
Income
46 500
46 500
46 500
46 500
Total tax
23 176
22 059
24 751
22 549
After tax
23 324
24 441
21 749
23 951
Living cost
13 551
13 551
13 551
13 551
Free-cash
9 773
10 890
8 198
10 400

Estimated living cost  is ₴13551 per week

₴8427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11184
₴16662
₴8244
₴7295
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 578
income
-
-
-
3 997
health
-
-
-
6 277
solidarity contribution
-
-
-
-
total
-
-
-
23 852
Employee
22 578
-
34 701
-
solidarity contribution
-
-
-
-
health
3 048
-
4 685
-
social contributions
1 468
-
2 256
-
income
2 709
-
4 164
-
total
7 225
-
11 105
-
Employer
22 578
-
34 701
-
social contributions
5 645
-
8 675
-
health
2 032
-
3 123
-
total
7 677
-
11 798
-
Corporate
16 245
46 500
-
-
income
3 087
8 835
-
-
total
3 087
8 835
-
-
Dividends
13 159
37 665
-
-
withholding
1 974
5 650
-
-
total
1 974
5 650
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 963
14 485
22 903
23 852
After tax
26 537
32 015
23 597
22 648
Living cost
15 353
15 353
15 353
15 353
Free-cash
11 184
16 662
8 244
7 295

Estimated living cost  is ₴15353 per week

₴11418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9884
₴10138
-₴1424
₴7908
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
186
unemployment
-
-
-
3 085
income
-
-
-
7 113
pensions
-
-
-
8 603
health
-
-
-
3 557
surtax
-
-
-
-
total
-
-
-
22 544
Employee
21 989
20 047
36 107
-
unemployment
660
601
1 083
-
other
220
200
361
-
health
851
776
1 398
-
pensions
2 252
2 052
3 697
-
income
1 959
1 479
6 396
-
total
5 942
5 108
12 935
-
Employer
21 989
20 047
36 107
-
payroll
660
601
1 083
-
other
1 044
952
1 715
-
accident
285
261
470
-
pensions
2 760
2 516
4 531
-
unemployment
660
601
1 083
-
chamber of commerce
88
80
144
-
surtax
-
-
-
-
health
831
758
1 365
-
total
6 328
5 769
10 391
-
Corporate
18 183
20 684
34 198
-
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.

4 546
5 171
8 549
-
total
4 546
5 171
8 549
-
Dividends
13 637
15 513
-
-
withholding
3 751
4 266
-
-
total
3 751
4 266
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 567
20 314
31 875
22 544
After tax
25 933
26 186
14 625
23 956
Living cost
16 048
16 048
16 048
16 048
Free-cash
9 884
10 138
-1 424
7 908

Estimated living cost  is ₴16048 per week

₴9627
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36569
₴37770
₴30795
₴39630
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
46 500
microenterprise

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

-
-
-
465
total
-
-
-
465
Employee
8 007
-
46 500
-
income
1 601
-
9 300
-
total
1 601
-
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%.

38 493
46 500
-
-
total
-
-
-
-
Dividends
38 493
46 500
-
-
withholding
1 925
2 325
-
-
total
1 925
2 325
-
-
Income
46 500
46 500
46 500
46 500
Total tax
3 526
2 325
9 300
465
After tax
42 974
44 175
37 200
46 035
Living cost
6 406
6 406
6 406
6 406
Free-cash
36 569
37 770
30 795
39 630

Estimated living cost  is ₴6406 per week

₴4335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴269
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14315
₴18524
₴9400
₴10733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
70
income
-
-
-
9 138
pensions
-
-
-
8 492
health
-
-
-
4 575
total
-
-
-
22 275
Employee

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

22 244
-
40 236
-
unemployment
32
-
56
-
health
1 437
-
2 599
-
pensions
3 448
-
6 236
-
income
3 836
-
8 452
-
total
8 753
-
17 343
-
Employer

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

22 244
-
40 236
-
pensions
1 968
-
3 561
-
unemployment
13
-
24
-
health
1 482
-
2 680
-
total
3 463
-
6 265
-
Corporate
20 793
46 500
-
-
income
3 950
8 835
-
-
total
3 950
8 835
-
-
Dividends
16 842
37 665
-
-
withholding
2 527
5 649
-
-
total
2 527
5 649
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 693
14 484
23 608
22 275
After tax
27 807
32 016
22 892
24 225
Living cost
13 492
13 492
13 492
13 492
Free-cash
14 315
18 524
9 400
10 733

Estimated living cost  is ₴13492 per week

₴9260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴865
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.
₴3107
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴27277
₴6941
₴18640
₴10785
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
social contributions
-
-
-
5 301
income
-
-
-
9 064
total
-
-
-
14 365
Employee
30 613
-
-
-
social contributions
2 510
-
358
-
income
6 753
-
-
-
total
9 263
-
358
-
Employer
30 613
-
-
-
social contributions
43 164
-
6 152
-
total
43 164
-
6 152
-
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
52 427
18 209
6 510
14 365
After tax
-5 927
28 291
39 990
32 135
Living cost
21 350
21 350
21 350
21 350
Free-cash
-27 277
6 941
18 640
10 785

Estimated living cost  is ₴21350 per week

₴13853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2008
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10164
₴10671
₴8162
₴10367
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
46 500
social contributions

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

-
-
-
16 158
income
-
-
-
4 197
surtax
-
-
-
-
total
-
-
-
20 355
Employee
23 136
-
37 575
-
surtax
-
-
-
-
social contributions
2 545
-
4 133
-
income
4 812
-
9 502
-
total
7 357
-
13 635
-
Employer
23 136
-
37 575
-
social contributions
5 495
-
8 925
-
total
5 495
-
8 925
-
Corporate
17 870
46 500
-
-
income
3 753
9 765
-
-
surtax
-
-
-
-
total
3 753
9 765
-
-
Dividends
14 117
36 735
-
-
withholding
3 953
10 286
-
-
total
3 953
10 286
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 558
20 051
22 560
20 355
After tax
25 942
26 449
23 940
26 145
Living cost
15 778
15 778
15 778
15 778
Free-cash
10 164
10 671
8 162
10 367

Estimated living cost  is ₴15778 per week

₴11805
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴931
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2779
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2597
-₴859
₴2356
₴2589
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 442
social contributions
-
-
-
1 325
income
-
-
-
3 891
pensions
-
-
-
12 305
health
-
-
-
652
surtax
-
-
-
-
total
-
-
-
19 615
Employee
31 506
-
35 434
-
surtax
-
-
-
-
pensions
3 564
-
4 006
-
social contributions
897
-
1 009
-
income
2 749
-
3 767
-
total
7 210
-
8 782
-
Employer
31 506
-
35 434
-
other
1 087
-
1 223
-
pensions
5 177
-
5 822
-
unemployment
1 276
-
1 435
-
social contributions
95
-
106
-
health
2 205
-
2 480
-
total
9 840
-
11 066
-
Corporate
5 154
46 500
-
-
income
1 443
13 020
-
-
surtax
-
-
-
-
total
1 443
13 020
-
-
Dividends
3 711
33 480
-
-
withholding
475
4 285
-
-
social contributions
639
5 758
-
-
surtax
-
-
-
-
total
1 114
10 043
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 607
23 063
19 848
19 615
After tax
26 893
23 437
26 652
26 885
Living cost
24 296
24 296
24 296
24 296
Free-cash
2 597
-859
2 356
2 589

Estimated living cost  is ₴24296 per week

₴16443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25039
₴26729
₴21785
₴20482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
668
social contributions
-
-
-
10 229
total
-
-
-
10 897
Employee
16 172
-
40 260
-
social contributions
1 051
-
2 617
-
income
-
-
737
-
total
1 051
-
3 354
-
Employer
16 172
-
40 260
-
social contributions
2 507
-
6 240
-
total
2 507
-
6 240
-
Corporate
27 821
46 500
-
-
income
2 782
4 650
-
-
total
2 782
4 650
-
-
Dividends
25 040
41 850
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
6 340
4 650
9 594
10 897
After tax
40 160
41 850
36 906
35 603
Living cost
15 121
15 121
15 121
15 121
Free-cash
25 039
26 729
21 785
20 482

Estimated living cost  is ₴15121 per week

₴9777
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1140
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.
₴3920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴62936
-₴62936
-₴62936
₴4858
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
435
municipal
-
-
-
8 457
labour market
-
-
-
3 685
national
-
-
-
4 875
total
-
-
-
17 452
Employee
102 101
102 101
102 101
-
national
12 474
12 474
12 474
-
municipal
21 742
21 742
21 742
-
labour market
8 156
8 156
8 156
-
pensions
145
145
145
-
total
42 517
42 517
42 517
-
Employer
102 101
102 101
102 101
-
municipal
21 776
21 776
21 776
-
pensions
290
290
290
-
national
12 495
12 495
12 495
-
labour market
8 168
8 168
8 168
-
total
42 729
42 729
42 729
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
85 246
85 246
85 246
17 452
After tax
-38 746
-38 746
-38 746
29 048
Living cost
24 190
24 190
24 190
24 190
Free-cash
-62 936
-62 936
-62 936
4 858

Estimated living cost  is ₴24190 per week

₴16556
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2140
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴372
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5122
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2053
-₴7403
₴12534
₴20778
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
191
income
-
-
-
10 964
pensions
-
-
-
2 144
accident
-
-
-
130
health
-
-
-
1 124
total
-
-
-
14 553
Employee
17 569
-
39 208
-
health
2 012
-
4 489
-
pensions
1 978
-
3 931
-
income
2 410
-
7 085
-
total
6 400
-
15 505
-
Employer
17 569
-
39 208
-
accident
293
-
655
-
pensions
2 857
-
5 677
-
unemployment
431
-
960
-
total
3 581
-
7 292
-
Corporate
25 350
46 500
-
-
income

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

22 815
41 850
-
-
total
22 815
41 850
-
-
Dividends
2 535
4 650
-
-
withholding
482
884
-
-
total
482
884
-
-
Income
46 500
46 500
46 500
46 500
Total tax
33 278
42 734
22 797
14 553
After tax
13 222
3 766
23 703
31 947
Living cost
11 169
11 169
11 169
11 169
Free-cash
2 053
-7 403
12 534
20 778

Estimated living cost  is ₴11169 per week

₴8130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10407
₴11895
₴7515
₴14132
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
8 279
national
-
-
-
4 270
health
-
-
-
506
total
-
-
-
13 055
Employee
26 466
-
39 118
-
national
437
-
2 281
-
unemployment
397
-
587
-
health
198
-
392
-
municipal
4 335
-
6 390
-
pensions
1 786
-
2 640
-
total
7 153
-
12 290
-
Employer
26 466
-
39 118
-
accident
27
-
39
-
pensions
4 592
-
6 787
-
unemployment
172
-
254
-
health
203
-
302
-
total
4 994
-
7 382
-
Corporate
15 041
46 500
-
-
income
3 008
9 300
-
-
total
3 008
9 300
-
-
Dividends

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

9 025
27 900
-
-
municipal
1 625
5 022
-
-
national
-
970
-
-
total
1 625
5 992
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 780
15 292
19 672
13 055
After tax
29 720
31 208
26 828
33 445
Living cost
19 313
19 313
19 313
19 313
Free-cash
10 407
11 895
7 515
14 132

Estimated living cost  is ₴19313 per week

₴12615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1858
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.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴19675
₴22412
₴21814
₴21859
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 254
income
-
-
-
4 554
health
-
-
-
1 186
total
-
-
-
12 994
Employee
38 681
38 681
42 215
-
health
300
658
718
-
social contributions
1 462
3 210
3 503
-
income
4 212
3 581
4 534
-
total
5 974
7 449
8 755
-
Employer
38 681
38 681
42 215
-
social contributions
1 462
3 210
3 503
-
health
326
716
781
-
total
1 788
3 926
4 284
-
Corporate
27 092
3 893
-
-
income
3 387
487
-
-
total
3 387
487
-
-
Dividends
23 705
3 406
-
-
withholding
4 029
579
-
-
total
4 029
579
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 178
12 441
13 039
12 994
After tax
31 322
34 059
33 461
33 506
Living cost
11 647
11 647
11 647
11 647
Free-cash
19 675
22 412
21 814
21 859

Estimated living cost  is ₴11647 per week

₴6980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1143
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.
₴3267
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27963
₴30520
₴20705
₴29095
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
14
income
-
-
-
4 384
pensions
-
-
-
3 200
health
-
-
-
1 820
total
-
-
-
9 418
Employee

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

11 546
-
42 158
-
unemployment
57
-
211
-
health
981
-
3 584
-
pensions
1 732
-
6 323
-
income
789
-
3 347
-
total
3 559
-
13 465
-
Employer

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

11 546
-
42 158
-
pensions
635
-
2 319
-
unemployment
57
-
211
-
health
496
-
1 813
-
total
1 188
-
4 343
-
Corporate
33 765
46 500
-
-
income
3 038
4 185
-
-
total
3 038
4 185
-
-
Dividends
30 727
42 315
-
-
withholding
2 765
3 808
-
-
total
2 765
3 808
-
-
Income
46 500
46 500
46 500
46 500
Total tax
10 550
7 993
17 808
9 418
After tax
35 950
38 507
28 692
37 082
Living cost
7 987
7 987
7 987
7 987
Free-cash
27 963
30 520
20 705
29 095

Estimated living cost  is ₴7987 per week

₴5096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴576
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.
₴2077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14870
₴17506
₴11032
₴10703
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
8 014
pensions
-
-
-
13 159
accident
-
-
-
418
total
-
-
-
21 964
Employee
18 600
-
35 259
-
unemployment
288
-
547
-
other
18
-
35
-
pensions
874
-
1 657
-
income
3 586
-
8 155
-
total
4 766
-
10 394
-
Employer
18 600
-
35 259
-
other
149
-
283
-
accident
368
-
698
-
pensions
4 389
-
8 321
-
unemployment
1 023
-
1 939
-
total
5 929
-
11 241
-
Corporate
21 970
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.

3 295
6 975
-
-
total
3 295
6 975
-
-
Dividends
18 675
39 525
-
-
withholding
3 807
8 186
-
-
total
3 807
8 186
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 797
15 161
21 635
21 964
After tax
28 703
31 339
24 865
24 536
Living cost
13 833
13 833
13 833
13 833
Free-cash
14 870
17 506
11 032
10 703

Estimated living cost  is ₴13833 per week

₴9337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1330
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.
₴2924
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27905
₴28062
₴28642
₴28710
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 635
pensions
-
-
-
696
health
-
-
-
505
total
-
-
-
16 836
Employee
1 453
-
45 717
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
15 598
-
total
500
-
16 120
-
Employer
1 453
-
45 717
-
pensions
160
-
383
-
unemployment
29
-
70
-
health
138
-
331
-
total
327
-
784
-
Corporate
44 720
46 500
-
-
income
9 838
10 230
-
-
total
9 838
10 230
-
-
Dividends
34 881
36 270
-
-
withholding
6 976
7 254
-
-
total
6 976
7 254
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 641
17 484
16 904
16 836
After tax
28 859
29 016
29 596
29 664
Living cost
954
954
954
954
Free-cash
27 905
28 062
28 642
28 710

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
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.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22444
₴24914
₴15471
₴15469
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
557
income
-
-
-
8 323
pensions
-
-
-
9 647
health
-
-
-
3 822
total
-
-
-
22 349
Employee

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

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

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

13 092
-
39 859
-
unemployment
98
-
278
-
health
674
-
1 911
-
pensions
1 833
-
5 194
-
income
1 805
-
8 323
-
total
4 410
-
15 706
-
Employer

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

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

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

13 092
-
39 859
-
pensions
1 571
-
4 452
-
unemployment
98
-
278
-
health
674
-
1 911
-
total
2 343
-
6 641
-
Corporate
31 064
46 500
-
-
income
4 660
6 975
-
-
total
4 660
6 975
-
-
Dividends
26 405
39 525
-
-
withholding
3 961
5 929
-
-
total
3 961
5 929
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 374
12 904
22 347
22 349
After tax
31 126
33 596
24 153
24 151
Living cost
8 682
8 682
8 682
8 682
Free-cash
22 444
24 914
15 471
15 469

Estimated living cost  is ₴8682 per week

₴5846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1914
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12707
₴12888
₴10379
₴12584
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
46 500
social contributions

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

-
-
-
16 158
income
-
-
-
4 197
surtax
-
-
-
-
total
-
-
-
20 355
Employee
19 524
-
37 575
-
surtax
-
-
-
-
social contributions
2 148
-
4 133
-
income
3 815
-
9 502
-
total
5 963
-
13 635
-
Employer
19 524
-
37 575
-
social contributions
4 636
-
8 925
-
total
4 636
-
8 925
-
Corporate
22 340
46 500
-
-
income
4 691
9 765
-
-
surtax
-
-
-
-
total
4 691
9 765
-
-
Dividends
17 649
36 735
-
-
withholding
4 942
10 286
-
-
total
4 942
10 286
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 232
20 051
22 560
20 355
After tax
26 268
26 449
23 940
26 145
Living cost
13 561
13 561
13 561
13 561
Free-cash
12 707
12 888
10 379
12 584

Estimated living cost  is ₴13561 per week

₴9605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴942
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.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9824
₴13660
₴7186
₴6857
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
8 014
pensions
-
-
-
13 159
accident
-
-
-
418
total
-
-
-
21 964
Employee
24 294
-
35 259
-
unemployment
376
-
547
-
other
24
-
35
-
pensions
1 142
-
1 657
-
income
5 074
-
8 155
-
total
6 616
-
10 394
-
Employer
24 294
-
35 259
-
other
195
-
283
-
accident
481
-
698
-
pensions
5 733
-
8 321
-
unemployment
1 336
-
1 939
-
total
7 745
-
11 241
-
Corporate
14 460
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.

2 169
6 975
-
-
total
2 169
6 975
-
-
Dividends
12 291
39 525
-
-
withholding
2 467
8 186
-
-
total
2 467
8 186
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 997
15 161
21 635
21 964
After tax
27 503
31 339
24 865
24 536
Living cost
17 679
17 679
17 679
17 679
Free-cash
9 824
13 660
7 186
6 857

Estimated living cost  is ₴17679 per week

₴12696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1375
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3359
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28033
₴31099
₴27543
₴26173
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
70
income
-
-
-
6 975
pensions

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

-
-
-
2 602
health
-
-
-
2 022
total
-
-
-
11 669
Employee
11 465
-
43 051
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
health
527
-
809
-
pensions

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

1 007
-
1 544
-
income
1 147
-
4 305
-
total
2 807
-
6 851
-
Employer
11 465
-
43 051
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
pensions

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

1 263
-
1 937
-
unemployment
69
-
105
-
health
791
-
1 213
-
total
2 249
-
3 448
-
Corporate
32 786
46 500
-
-
income
3 278
4 650
-
-
total
3 278
4 650
-
-
Dividends
29 507
41 850
-
-
withholding
1 475
2 093
-
-
total
1 475
2 093
-
-
Income
46 500
46 500
46 500
46 500
Total tax
9 809
6 743
10 299
11 669
After tax
36 691
39 757
36 201
34 831
Living cost
8 658
8 658
8 658
8 658
Free-cash
28 033
31 099
27 543
26 173

Estimated living cost  is ₴8658 per week

₴5726
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2230
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11158
₴4579
₴14120
₴10804
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
3 316
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.

-
-
-
9 026
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.

-
-
-
3 437
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.

-
-
-
496
total
-
-
-
16 275
Employee

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

25 029
-
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.

114
-
496
-
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.

3 437
-
3 437
-
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.

2 058
-
9 026
-
total
5 609
-
12 959
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 471
46 500
-
-
trade
3 081
6 673
-
-
income
3 221
6 975
-
-
surtax

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

178
384
-
-
chamber of commerce
108
144
-
-
total
6 588
14 176
-
-
Dividends
14 883
32 324
-
-
withholding
3 530
7 890
-
-
surtax

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

194
434
-
-
total
3 724
8 324
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 921
22 500
12 959
16 275
After tax
30 579
24 000
33 541
30 225
Living cost
19 421
19 421
19 421
19 421
Free-cash
11 158
4 579
14 120
10 804

Estimated living cost  is ₴19421 per week

₴13397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2090
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.
₴3652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5006
₴3894
₴3504
₴3504
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 055
income
-
-
-
10 286
total
-
-
-
14 341
Employee
39 348
-
46 500
-
social contributions
3 269
-
4 055
-
income
7 425
-
10 286
-
total
10 694
-
14 341
-
Employer
39 348
-
46 500
-
total
-
-
-
-
Corporate
7 152
46 500
-
-
income
894
5 813
-
-
total
894
5 813
-
-
Dividends
6 258
40 687
-
-
withholding
1 251
8 138
-
-
total
1 251
8 138
-
-
Income
46 500
46 500
46 500
46 500
Total tax
12 839
13 951
14 341
14 341
After tax
33 661
32 549
32 159
32 159
Living cost
28 655
28 655
28 655
28 655
Free-cash
5 006
3 894
3 504
3 504

Estimated living cost  is ₴28655 per week

₴21800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4246
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11664
₴9307
₴15831
₴10858
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
46 500
health

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

-
-
-
3 063
income
-
-
-
14 319
total
-
-
-
17 382
Employee
23 076
-
44 186
-
social contributions
2 312
-
2 314
-
income
2 504
-
7 781
-
total
4 816
-
10 095
-
Employer
23 076
-
44 186
-
social contributions
2 312
-
2 314
-
total
2 312
-
2 314
-
Corporate
21 112
46 500
-
-
income
7 390
16 275
-
-
total
7 390
16 275
-
-
Dividends
13 722
30 225
-
-
social contributions
2 058
2 658
-
-
total
2 058
2 658
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 576
18 933
12 409
17 382
After tax
29 924
27 567
34 091
29 118
Living cost
18 260
18 260
18 260
18 260
Free-cash
11 664
9 307
15 831
10 858

Estimated living cost  is ₴18260 per week

₴12028
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1440
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.
₴4512
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13720
₴16466
₴10883
₴15702
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 103
pensions
-
-
-
3 361
total
-
-
-
12 464
Employee
25 165
-
40 994
-
health
328
-
652
-
pensions
1 921
-
3 821
-
income
4 583
-
7 305
-
total
6 832
-
11 778
-
Employer
25 165
-
40 994
-
pensions
2 543
-
4 726
-
health
478
-
779
-
total
3 021
-
5 505
-
Corporate
18 314
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.

3 480
8 835
-
-
total
3 480
8 835
-
-
Dividends
14 834
37 665
-
-
withholding
1 113
2 866
-
-
total
1 113
2 866
-
-
Income
46 500
46 500
46 500
46 500
Total tax
14 446
11 701
17 283
12 464
After tax
32 054
34 799
29 217
34 036
Living cost
18 334
18 334
18 334
18 334
Free-cash
13 720
16 466
10 883
15 702

Estimated living cost  is ₴18334 per week

₴12577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴1884
-₴8509
₴11428
₴19672
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
191
income
-
-
-
10 964
pensions
-
-
-
2 144
accident
-
-
-
130
health
-
-
-
1 124
total
-
-
-
14 553
Employee
19 308
-
39 208
-
health
2 211
-
4 489
-
pensions
2 174
-
3 931
-
income
2 649
-
7 085
-
total
7 034
-
15 505
-
Employer
19 308
-
39 208
-
accident
322
-
655
-
pensions
3 139
-
5 677
-
unemployment
473
-
960
-
total
3 934
-
7 292
-
Corporate
23 257
46 500
-
-
income

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

20 931
41 850
-
-
total
20 931
41 850
-
-
Dividends
2 326
4 650
-
-
withholding
442
884
-
-
total
442
884
-
-
Income
46 500
46 500
46 500
46 500
Total tax
32 341
42 734
22 797
14 553
After tax
14 159
3 766
23 703
31 947
Living cost
12 275
12 275
12 275
12 275
Free-cash
1 884
-8 509
11 428
19 672

Estimated living cost  is ₴12275 per week

₴9008
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴715
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.
₴2304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30287
₴32731
₴21615
₴19889
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
558
income
-
-
-
7 030
pensions
-
-
-
8 556
health insurance
-
-
-
3 441
work injury
-
-
-
232
total
-
-
-
19 817
Employee

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

10 871
-
46 500
-
health insurance
804
-
2 976
-
unemployment
130
-
483
-
work injury
54
-
201
-
pensions
2 000
-
7 401
-
income
1 087
-
7 030
-
total
4 075
-
18 091
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 629
46 500
-
-
income

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

-
-
-
-
total
-
-
-
-
Dividends
35 629
46 500
-
-
withholding
5 344
6 975
-
-
total
5 344
6 975
-
-
Income
46 500
46 500
46 500
46 500
Total tax
9 419
6 975
18 091
19 817
After tax
37 081
39 525
28 409
26 683
Living cost
6 794
6 794
6 794
6 794
Free-cash
30 287
32 731
21 615
19 889

Estimated living cost  is ₴6794 per week

₴4209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴494
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.
₴1879
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2164
₴4453
₴1556
₴3683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
894
social contributions
-
-
-
11 960
municipal
-
-
-
311
national
-
-
-
9 612
total
-
-
-
22 777
Employee
42 389
-
46 500
-
national
7 163
-
8 199
-
regional
640
-
747
-
municipal
253
-
278
-
social contributions
14 293
-
15 680
-
total
22 349
-
24 904
-
Employer
42 389
-
46 500
-
total
-
-
-
-
Corporate
4 111
46 500
-
-
nationa
987
11 160
-
-
municipal
199
2 241
-
-
total
1 186
13 401
-
-
Dividends
2 926
33 098
-
-
withholding
761
8 606
-
-
total
761
8 606
-
-
Income
46 500
46 500
46 500
46 500
Total tax
24 296
22 007
24 904
22 777
After tax
22 204
24 493
21 596
23 723
Living cost
20 040
20 040
20 040
20 040
Free-cash
2 164
4 453
1 556
3 683

Estimated living cost  is ₴20040 per week

₴14076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1378
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4281
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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