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
₴8360
₴18352
₴14694
₴13895
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
46 500
income

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

-
-
-
9 067
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.

-
-
-
499
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.

-
-
-
3 420
trade
-
-
-
3 658
total
-
-
-
16 644
Employee

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

19 145
-
46 500
-
surtax

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

29
-
499
-
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.

535
-
9 067
-
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.

3 420
-
3 420
-
total
3 984
-
12 986
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 355
46 500
-
-
income
4 104
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.

226
384
-
-
chamber of commerce
115
142
-
-
trade
4 309
7 324
-
-
total
8 754
14 825
-
-
Dividends
18 601
31 675
-
-
surtax

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

245
425
-
-
withholding
4 460
7 728
-
-
total
4 705
8 153
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 443
22 978
12 986
16 644
After tax
29 057
23 522
33 514
29 856
Living cost
15 162
15 162
15 162
15 162
Free-cash
13 895
8 360
18 352
14 694

Estimated living cost  is ₴15162 per week

₴9537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2385
₴1998
₴1633
₴1470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
social contributions
-
-
-
500
municipal
-
-
-
4 768
national
-
-
-
7 388
pensions
-
-
-
5 580
total
-
-
-
18 236
Employee
41 284
-
40 199
-
municipal
5 099
-
4 948
-
pensions
1 651
-
1 608
-
national
7 902
-
7 667
-
total
14 652
-
14 223
-
Employer
41 284
-
40 199
-
pensions
3 303
-
3 216
-
social contributions
444
-
432
-
total
3 747
-
3 648
-
Corporate
-
46 500
-
-
income

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

-
9 300
-
-
total
-
9 300
-
-
Dividends
-
37 200
-
-
withholding
-
8 184
-
-
total
-
8 184
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 399
17 484
17 871
18 236
After tax
28 101
29 016
28 629
28 264
Living cost
26 631
26 631
26 631
26 631
Free-cash
1 470
2 385
1 998
1 633

Estimated living cost  is ₴26631 per week

₴18101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴399
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴26786
₴15837
₴14450
₴22680
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
46 500
income
-
-
-
6 686
surtax
-
-
-
-
social contributions

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

-
-
-
14 950
microenterprise
-
-
-
-
total
-
-
-
21 636
Employee
14 627
-
37 473
-
surtax
-
-
-
-
social contributions

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

1 609
-
4 122
-
income
2 604
-
7 100
-
total
4 213
-
11 222
-
Employer
14 627
-
37 473
-
social contributions

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

3 523
-
9 027
-
surtax
-
-
-
-
total
3 523
-
9 027
-
Corporate
28 350
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%.

5 670
9 300
-
-
total
5 670
9 300
-
-
Dividends

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

22 680
37 200
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
13 406
9 300
20 249
21 636
After tax
33 094
37 200
26 251
24 864
Living cost
10 414
10 414
10 414
10 414
Free-cash
22 680
26 786
15 837
14 450

Estimated living cost  is ₴10414 per week

₴6644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴992
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.
₴2542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴397
-₴3206
₴5446
-₴3206
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 426
health
-
-
-
5 794
pensions
-
-
-
5 865
total
-
-
-
20 085
Employee
42 746
42 746
42 746
-
pensions
7 694
5 865
7 694
-
income

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

6 997
6 997
6 997
-
health
6 561
5 581
6 561
-
total
21 252
18 443
21 252
-
Employer
42 746
42 746
42 746
-
health
2 971
2 971
2 971
-
pensions
2 975
2 975
2 975
-
unemployment
1 539
1 539
1 539
-
total
7 485
7 485
7 485
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
28 737
25 928
28 737
20 085
After tax
17 763
20 572
17 763
26 415
Living cost
20 969
20 969
20 969
20 969
Free-cash
-3 206
-397
-3 206
5 446

Estimated living cost  is ₴20969 per week

₴14860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1890
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.
₴3885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5256
₴4699
₴3531
₴4804
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
accident
-
-
-
88
other
-
-
-
5 127
unemployment
-
-
-
44
health
-
-
-
2 753
municipal
-
-
-
10 054
national
-
-
-
-
pensions
-
-
-
4 770
total
-
-
-
22 836
Employee
28 688
-
35 383
-
municipal
8 555
-
10 551
-
national
-
-
-
-
total
8 555
-
10 551
-
Employer
28 688
-
35 383
-
health
1 764
-
2 176
-
pensions
3 101
-
3 825
-
accident
57
-
71
-
unemployment
757
-
934
-
other
3 334
-
4 111
-
total
9 013
-
11 117
-
Corporate
8 798
46 500
-
-
income
1 936
10 230
-
-
total
1 936
10 230
-
-
Dividends
6 863
36 270
-
-
withholding
2 059
10 881
-
-
total
2 059
10 881
-
-
Income
46 500
46 500
46 500
46 500
Total tax
21 563
21 111
21 668
22 836
After tax
24 937
25 389
24 832
23 664
Living cost
20 133
20 133
20 133
20 133
Free-cash
4 804
5 256
4 699
3 531

Estimated living cost  is ₴20133 per week

₴13343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4508
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3617
₴13850
₴10029
₴10651
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
46 500
income

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

-
-
-
9 067
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.

-
-
-
499
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.

-
-
-
3 420
trade
-
-
-
3 821
total
-
-
-
16 807
Employee

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

25 384
-
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
-
499
-
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.

2 181
-
9 067
-
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.

3 420
-
3 420
-
total
5 721
-
12 986
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 116
46 500
-
-
income
3 167
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.

174
384
-
-
chamber of commerce
106
142
-
-
trade
3 474
7 650
-
-
total
6 921
15 151
-
-
Dividends
14 194
31 349
-
-
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.

184
421
-
-
withholding
3 359
7 647
-
-
total
3 543
8 068
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 185
23 219
12 986
16 807
After tax
30 315
23 281
33 514
29 693
Living cost
19 664
19 664
19 664
19 664
Free-cash
10 651
3 617
13 850
10 029

Estimated living cost  is ₴19664 per week

₴13151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
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.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴17822
₴17190
₴17237
₴15747
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
4 588
social contributions
-
-
-
7 254
health
-
-
-
1 185
total
-
-
-
13 027
Employee
38 491
38 491
42 215
-
social contributions
1 870
3 195
3 504
-
income
4 042
3 563
4 568
-
health
383
654
717
-
total
6 295
7 412
8 789
-
Employer
38 491
38 491
42 215
-
health
417
712
781
-
social contributions
1 870
3 195
3 504
-
total
2 287
3 907
4 285
-
Corporate
21 682
4 102
-
-
income
2 710
513
-
-
total
2 710
513
-
-
Dividends
18 972
3 589
-
-
withholding
3 225
610
-
-
total
3 225
610
-
-
Income
46 500
46 500
46 500
46 500
Total tax
14 517
12 442
13 074
13 027
After tax
31 983
34 058
33 426
33 473
Living cost
16 236
16 236
16 236
16 236
Free-cash
15 747
17 822
17 190
17 237

Estimated living cost  is ₴16236 per week

₴11099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17236
₴17986
₴23242
₴17423
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 948
5 153
38 912
-
unemployment
194
77
584
-
pensions
1 295
515
3 891
-
income
1 583
630
4 757
-
health
906
361
2 724
-
total
3 978
1 583
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.

12 948
5 153
38 912
-
pensions
2 525
1 005
7 588
-
total
2 525
1 005
7 588
-
Corporate
31 027
40 342
-
-
income
2 792
3 631
-
-
total
2 792
3 631
-
-
Dividends
28 235
36 711
-
-
social contributions
5 447
7 100
-
-
withholding
5 365
6 975
-
-
total
10 812
14 075
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 107
20 294
19 544
14 288
After tax
26 393
26 206
26 956
32 212
Living cost
8 970
8 970
8 970
8 970
Free-cash
17 423
17 236
17 986
23 242

Estimated living cost  is ₴8970 per week

₴6121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25110
₴14712
₴12834
₴22000
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
6 231
health
-
-
-
6 045
pensions
-
-
-
9 300
total
-
-
-
21 576
Employee
14 200
-
34 753
-
unemployment
227
-
556
-
pensions
284
-
695
-
income
1 599
-
6 701
-
total
2 110
-
7 952
-
Employer
14 200
-
34 753
-
health
1 846
-
4 518
-
pensions
2 840
-
6 950
-
unemployment
114
-
278
-
total
4 800
-
11 746
-
Corporate
27 500
46 500
-
-
income
5 500
9 300
-
-
total
5 500
9 300
-
-
Dividends
22 000
37 200
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
12 410
9 300
19 698
21 576
After tax
34 090
37 200
26 802
24 924
Living cost
12 090
12 090
12 090
12 090
Free-cash
22 000
25 110
14 712
12 834

Estimated living cost  is ₴12090 per week

₴8293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7393
₴12594
₴20783
₴2056
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
accident
-
-
-
128
income
-
-
-
11 025
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
14 558
Employee
17 554
-
39 293
-
pensions
1 977
-
3 870
-
income
2 408
-
7 171
-
health
2 010
-
4 499
-
total
6 395
-
15 540
-
Employer
17 554
-
39 293
-
pensions
2 854
-
5 588
-
accident
293
-
656
-
unemployment
430
-
963
-
total
3 577
-
7 207
-
Corporate
25 368
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.

22 831
41 850
-
-
total
22 831
41 850
-
-
Dividends
2 537
4 650
-
-
withholding
482
884
-
-
total
482
884
-
-
Income
46 500
46 500
46 500
46 500
Total tax
33 285
42 734
22 747
14 558
After tax
13 215
3 766
23 753
31 942
Living cost
11 159
11 159
11 159
11 159
Free-cash
2 056
-7 393
12 594
20 783

Estimated living cost  is ₴11159 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40149
₴33174
₴42009
₴39394
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 032
-
46 500
-
income
1 006
-
9 300
-
total
1 006
-
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%.

41 468
46 500
-
-
total
-
-
-
-
Dividends
41 468
46 500
-
-
withholding
2 074
2 325
-
-
total
2 074
2 325
-
-
Income
46 500
46 500
46 500
46 500
Total tax
3 080
2 325
9 300
465
After tax
43 420
44 175
37 200
46 035
Living cost
4 026
4 026
4 026
4 026
Free-cash
39 394
40 149
33 174
42 009

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20826
₴13918
₴11840
₴17446
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
5 907
other
-
-
-
2 209
health
-
-
-
2 046
pensions

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

-
-
-
11 160
total
-
-
-
21 322
Employee
18 175
-
37 141
-
unemployment
181
-
371
-
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.

1 272
-
2 600
-
income
3 129
-
6 394
-
health
255
-
520
-
total
4 837
-
9 885
-
Employer
18 175
-
37 141
-
health
255
-
520
-
pensions

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

3 090
-
6 314
-
accident
145
-
297
-
unemployment
181
-
371
-
other
909
-
1 857
-
total
4 580
-
9 359
-
Corporate
23 745
46 500
-
-
income
4 986
9 765
-
-
total
4 986
9 765
-
-
Dividends
18 759
36 735
-
-
withholding
1 313
2 571
-
-
total
1 313
2 571
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 716
12 336
19 244
21 322
After tax
30 784
34 164
27 256
25 178
Living cost
13 338
13 338
13 338
13 338
Free-cash
17 446
20 826
13 918
11 840

Estimated living cost  is ₴13338 per week

₴9424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
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.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1254
-₴4340
₴601
-₴7532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 966
pensions
-
-
-
3 347
total
-
-
-
12 313
Employee
47 520
-
41 008
-
pensions
4 584
-
3 802
-
income
8 566
-
7 312
-
health
783
-
649
-
total
13 933
-
11 763
-
Employer
47 520
-
41 008
-
health
902
-
779
-
pensions
5 611
-
4 712
-
total
6 513
-
5 491
-
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
-
2 825
-
-
total
-
2 825
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 446
11 660
17 254
12 313
After tax
26 054
34 840
29 246
34 187
Living cost
33 586
33 586
33 586
33 586
Free-cash
-7 532
1 254
-4 340
601

Estimated living cost  is ₴33586 per week

₴25167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3946
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴33195
₴29669
₴28293
₴30868
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
6 975
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
11 644
Employee
8 690
-
43 070
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
pensions

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

763
-
1 535
-
income
869
-
4 307
-
health
400
-
804
-
total
2 128
-
6 838
-
Employer
8 690
-
43 070
-
health
600
-
1 206
-
pensions

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

958
-
1 927
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
unemployment
52
-
105
-
total
1 706
-
3 430
-
Corporate
36 104
46 500
-
-
income
3 610
4 650
-
-
total
3 610
4 650
-
-
Dividends
32 494
41 850
-
-
withholding
1 625
2 092
-
-
total
1 625
2 092
-
-
Income
46 500
46 500
46 500
46 500
Total tax
9 069
6 742
10 268
11 644
After tax
37 431
39 758
36 232
34 856
Living cost
6 563
6 563
6 563
6 563
Free-cash
30 868
33 195
29 669
28 293

Estimated living cost  is ₴6563 per week

₴3832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴469
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴7185
-₴9994
-₴1342
-₴8035
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 426
health
-
-
-
5 794
pensions
-
-
-
5 865
total
-
-
-
20 085
Employee
46 408
42 746
42 746
-
pensions
5 865
5 865
7 694
-
income

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

6 997
6 997
6 997
-
health
5 790
5 581
6 561
-
total
18 652
18 443
21 252
-
Employer
46 408
42 746
42 746
-
health
3 225
2 971
2 971
-
pensions
3 230
2 975
2 975
-
unemployment
1 671
1 539
1 539
-
total
8 126
7 485
7 485
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
26 778
25 928
28 737
20 085
After tax
19 722
20 572
17 763
26 415
Living cost
27 757
27 757
27 757
27 757
Free-cash
-8 035
-7 185
-9 994
-1 342

Estimated living cost  is ₴27757 per week

₴20475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2479
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19758
₴11340
₴10390
₴15386
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
3 997
social contributions
-
-
-
13 578
solidarity contribution
-
-
-
-
health
-
-
-
6 278
total
-
-
-
23 853
Employee
18 025
-
34 701
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
2 256
-
income
2 163
-
4 164
-
health
2 433
-
4 685
-
total
5 768
-
11 105
-
Employer
18 025
-
34 701
-
health
1 622
-
3 123
-
social contributions
4 506
-
8 675
-
total
6 128
-
11 798
-
Corporate
22 346
46 500
-
-
income
4 246
8 835
-
-
total
4 246
8 835
-
-
Dividends
18 100
37 665
-
-
withholding
2 715
5 650
-
-
total
2 715
5 650
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 857
14 485
22 903
23 853
After tax
27 643
32 015
23 597
22 647
Living cost
12 257
12 257
12 257
12 257
Free-cash
15 386
19 758
11 340
10 390

Estimated living cost  is ₴12257 per week

₴8514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
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.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3688
₴792
₴3006
₴1072
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
social contributions
-
-
-
11 959
regional
-
-
-
507
municipal
-
-
-
276
national
-
-
-
9 630
total
-
-
-
22 372
Employee
44 487
-
46 500
-
municipal
236
-
247
-
national
7 709
-
8 216
-
regional
420
-
443
-
social contributions
15 001
-
15 680
-
total
23 366
-
24 586
-
Employer
44 487
-
46 500
-
total
-
-
-
-
Corporate
2 013
46 500
-
-
municipal
79
1 813
-
-
nationa
484
11 160
-
-
total
563
12 973
-
-
Dividends
1 451
33 527
-
-
withholding
377
8 717
-
-
total
377
8 717
-
-
Income
46 500
46 500
46 500
46 500
Total tax
24 306
21 690
24 586
22 372
After tax
22 194
24 810
21 914
24 128
Living cost
21 122
21 122
21 122
21 122
Free-cash
1 072
3 688
792
3 006

Estimated living cost  is ₴21122 per week

₴14724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18202
₴12346
₴13242
₴16645
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 511
other
-
-
-
-
surtax
-
-
-
986
unemployment
-
-
-
114
health
-
-
-
3 301
pensions
-
-
-
9 300
total
-
-
-
22 212
Employee
16 553
-
38 413
-
other
-
-
-
-
unemployment
1 152
-
2 674
-
pensions
1 104
-
2 562
-
surtax
54
-
882
-
income
2 775
-
7 924
-
health
423
-
979
-
total
5 508
-
15 021
-
Employer
16 553
-
38 413
-
health
753
-
1 748
-
pensions
2 207
-
5 121
-
unemployment
524
-
1 218
-
other
-
-
-
-
total
3 484
-
8 087
-
Corporate
26 462
46 500
-
-
income
6 880
12 090
-
-
total
6 880
12 090
-
-
Dividends
19 582
34 410
-
-
withholding
2 937
5 162
-
-
total
2 937
5 162
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 809
17 252
23 108
22 212
After tax
27 691
29 248
23 392
24 288
Living cost
11 046
11 046
11 046
11 046
Free-cash
16 645
18 202
12 346
13 242

Estimated living cost  is ₴11046 per week

₴6754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11895
₴6301
₴11242
₴7944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 966
pensions
-
-
-
3 347
total
-
-
-
12 313
Employee
31 846
-
41 008
-
pensions
2 703
-
3 802
-
income
5 736
-
7 312
-
health
462
-
649
-
total
8 901
-
11 763
-
Employer
31 846
-
41 008
-
health
605
-
779
-
pensions
3 447
-
4 712
-
total
4 052
-
5 491
-
Corporate
10 601
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.

2 014
8 835
-
-
total
2 014
8 835
-
-
Dividends
8 587
37 665
-
-
withholding
644
2 825
-
-
total
644
2 825
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 611
11 660
17 254
12 313
After tax
30 889
34 840
29 246
34 187
Living cost
22 945
22 945
22 945
22 945
Free-cash
7 944
11 895
6 301
11 242

Estimated living cost  is ₴22945 per week

₴17190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴18340
-₴3005
-₴619
-₴4261
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
930
regional
-
-
-
1 477
health
-
-
-
129
city
-
-
-
490
national
-
-
-
213
pensions
-
-
-
4 278
total
-
-
-
7 517
Employee
46 345
-
41 621
-
unemployment
-
-
-
-
pensions
3 894
-
3 496
-
national
219
-
182
-
regional
1 518
-
1 261
-
city
497
-
448
-
health
105
-
94
-
total
6 233
-
5 481
-
Employer
46 345
-
41 621
-
health
105
-
94
-
pensions
3 894
-
3 496
-
unemployment
-
-
-
-
other

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

927
-
832
-
total
4 926
-
4 422
-
Corporate
-
46 500
-
-
regional
-
9 835
-
-
national
-
3 953
-
-
total
-
13 788
-
-
Dividends
-
32 713
-
-
withholding
-
11 450
-
-
total
-
11 450
-
-
Income
46 500
46 500
46 500
46 500
Total tax
11 159
25 238
9 903
7 517
After tax
35 341
21 262
36 597
38 983
Living cost
39 602
39 602
39 602
39 602
Free-cash
-4 261
-18 340
-3 005
-619

Estimated living cost  is ₴39602 per week

₴25753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴112
₴10583
₴6599
₴8228
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
46 500
income

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

-
-
-
9 067
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.

-
-
-
499
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.

-
-
-
3 420
trade
-
-
-
3 984
total
-
-
-
16 970
Employee

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

30 083
-
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.

195
-
499
-
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.

3 537
-
9 067
-
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.

3 420
-
3 420
-
total
7 152
-
12 986
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 417
46 500
-
-
income
2 462
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.

136
384
-
-
chamber of commerce
99
142
-
-
trade
2 816
7 974
-
-
total
5 513
15 475
-
-
Dividends
10 905
31 025
-
-
surtax

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

140
416
-
-
withholding
2 536
7 566
-
-
total
2 676
7 982
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 341
23 457
12 986
16 970
After tax
31 159
23 043
33 514
29 530
Living cost
22 931
22 931
22 931
22 931
Free-cash
8 228
112
10 583
6 599

Estimated living cost  is ₴22931 per week

₴16748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6311
₴9497
₴9753
₴9266
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 926
other
-
-
-
1 443
surtax
-
-
-
-
social contributions
-
-
-
1 324
health
-
-
-
665
pensions
-
-
-
12 263
total
-
-
-
19 621
Employee
21 423
-
35 434
-
pensions
2 422
-
4 008
-
surtax
-
-
-
-
social contributions
611
-
1 010
-
income
1 264
-
3 793
-
total
4 297
-
8 811
-
Employer
21 423
-
35 434
-
health
1 500
-
2 480
-
pensions
3 519
-
5 822
-
unemployment
867
-
1 435
-
social contributions
65
-
106
-
other
739
-
1 223
-
total
6 690
-
11 066
-
Corporate
18 387
46 500
-
-
income
5 149
13 020
-
-
surtax
-
-
-
-
total
5 149
13 020
-
-
Dividends
13 238
33 480
-
-
surtax
-
-
-
-
social contributions
2 277
5 758
-
-
withholding
1 695
4 285
-
-
total
3 972
10 043
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 108
23 063
19 877
19 621
After tax
26 392
23 437
26 623
26 879
Living cost
17 126
17 126
17 126
17 126
Free-cash
9 266
6 311
9 497
9 753

Estimated living cost  is ₴17126 per week

₴10799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1393
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and 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 Nice model

Close
Marseille , France
₴8008
₴11194
₴11450
₴10789
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 926
other
-
-
-
1 443
surtax
-
-
-
-
social contributions
-
-
-
1 324
health
-
-
-
665
pensions
-
-
-
12 263
total
-
-
-
19 621
Employee
19 123
-
35 434
-
pensions
2 163
-
4 008
-
surtax
-
-
-
-
social contributions
545
-
1 010
-
income
986
-
3 793
-
total
3 694
-
8 811
-
Employer
19 123
-
35 434
-
health
1 338
-
2 480
-
pensions
3 142
-
5 822
-
unemployment
774
-
1 435
-
social contributions
57
-
106
-
other
660
-
1 223
-
total
5 971
-
11 066
-
Corporate
21 405
46 500
-
-
income
5 993
13 020
-
-
surtax
-
-
-
-
total
5 993
13 020
-
-
Dividends
15 412
33 480
-
-
surtax
-
-
-
-
social contributions
2 651
5 758
-
-
withholding
1 973
4 285
-
-
total
4 624
10 043
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 282
23 063
19 877
19 621
After tax
26 218
23 437
26 623
26 879
Living cost
15 429
15 429
15 429
15 429
Free-cash
10 789
8 008
11 194
11 450

Estimated living cost  is ₴15429 per week

₴8948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
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.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17754
₴19513
₴19248
₴18015
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
6 975
social contributions
-
-
-
6 417
health
-
-
-
3 246
total
-
-
-
16 638
Employee
16 972
-
46 500
-
social contributions
2 342
-
6 417
-
income
2 831
-
6 710
-
health
1 185
-
3 246
-
total
6 358
-
16 373
-
Employer
16 972
-
46 500
-
total
-
-
-
-
Corporate
29 528
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%.

1 476
2 325
-
-
total
1 476
2 325
-
-
Dividends
28 052
44 175
-
-
social contributions
3 871
6 097
-
-
withholding
4 208
6 627
-
-
health
1 958
3 083
-
-
total
10 037
15 807
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 871
18 132
16 373
16 638
After tax
28 629
28 368
30 127
29 862
Living cost
10 614
10 614
10 614
10 614
Free-cash
18 015
17 754
19 513
19 248

Estimated living cost  is ₴10614 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴654
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.
₴2611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8491
-₴3071
₴6199
₴7715
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
7 149
surtax
-
-
-
99
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
186
health
-
-
-
3 557
pensions
-
-
-
8 602
total
-
-
-
22 663
Employee
25 016
19 948
36 032
-
other
250
199
360
-
unemployment
750
598
1 081
-
pensions
2 562
2 042
3 689
-
income
2 848
1 471
6 408
-
health
968
772
1 394
-
total
7 378
5 082
12 932
-
Employer
25 016
19 948
36 032
-
chamber of commerce
100
80
144
-
health
945
754
1 362
-
pensions
3 139
2 504
4 522
-
accident
325
259
468
-
unemployment
750
598
1 081
-
surtax
99
99
99
-
payroll
750
598
1 081
-
other
1 188
947
1 711
-
total
7 296
5 839
10 468
-
Corporate
14 187
20 712
34 132
-
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.

3 547
5 178
8 533
-
total
3 547
5 178
8 533
-
Dividends
10 640
15 534
-
-
withholding
2 926
4 272
-
-
total
2 926
4 272
-
-
Income
46 500
46 500
46 500
46 500
Total tax
21 147
20 371
31 933
22 663
After tax
25 353
26 129
14 567
23 837
Living cost
17 638
17 638
17 638
17 638
Free-cash
7 715
8 491
-3 071
6 199

Estimated living cost  is ₴17638 per week

₴11764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4080
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7841
₴88
₴4023
₴217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
communal

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

-
-
-
2 366
social contributions
-
-
-
7 062
national
-
-
-
14 798
total
-
-
-
24 226
Employee

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

35 805
-
36 015
-
unemployment

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

312
-
313
-
communal

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

1 868
-
1 878
-
pensions

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

2 685
-
2 702
-
national
11 008
-
11 090
-
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.

1 682
-
1 693
-
total
17 555
-
17 676
-
Employer

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

35 805
-
36 015
-
health

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

2 202
-
2 215
-
pensions

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

3 173
-
3 191
-
accident

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

465
-
468
-
unemployment

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

522
-
526
-
surtax
4 060
-
4 085
-
total
10 422
-
10 485
-
Corporate
272
46 500
-
-
income
54
9 300
-
-
surtax
1
186
-
-
total
55
9 486
-
-
Dividends
217
37 014
-
-
withholding

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

-
10 922
-
-
total
-
10 922
-
-
Income
46 500
46 500
46 500
46 500
Total tax
28 032
20 408
28 161
24 226
After tax
18 468
26 092
18 339
22 274
Living cost
18 251
18 251
18 251
18 251
Free-cash
217
7 841
88
4 023

Estimated living cost  is ₴18251 per week

₴11756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1596
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.
₴4614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13262
₴6781
₴6471
₴9273
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
accident
-
-
-
418
income
-
-
-
8 032
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
21 952
Employee
24 917
-
35 259
-
other
25
-
35
-
unemployment
387
-
546
-
pensions
1 171
-
1 658
-
income
5 257
-
8 163
-
total
6 840
-
10 402
-
Employer
24 917
-
35 259
-
pensions
5 880
-
8 321
-
accident
493
-
698
-
unemployment
1 371
-
1 939
-
other
199
-
282
-
total
7 943
-
11 240
-
Corporate
13 641
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.

2 046
6 975
-
-
total
2 046
6 975
-
-
Dividends
11 595
39 525
-
-
withholding
2 321
8 186
-
-
total
2 321
8 186
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 150
15 161
21 642
21 952
After tax
27 350
31 339
24 858
24 548
Living cost
18 077
18 077
18 077
18 077
Free-cash
9 273
13 262
6 781
6 471

Estimated living cost  is ₴18077 per week

₴13312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1362
₴2022
-₴165
-₴1876
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
communal
-
-
-
2 939
accident
-
-
-
392
income
-
-
-
3 590
surtax
-
-
-
2 305
health
-
-
-
3 267
pensions
-
-
-
6 969
total
-
-
-
19 462
Employee
37 907
-
41 537
-
pensions
3 032
-
3 323
-
surtax
2 323
-
2 546
-
income
3 661
-
4 595
-
health
1 687
-
1 848
-
total
10 703
-
12 312
-
Employer
37 907
-
41 537
-
health
1 156
-
1 266
-
pensions
3 032
-
3 323
-
accident
341
-
374
-
total
4 529
-
4 963
-
Corporate
4 064
46 500
-
-
communal
-
3 138
-
-
income
610
6 975
-
-
surtax
43
488
-
-
total
653
10 601
-
-
Dividends
3 411
35 898
-
-
income
4 776
1 949
-
-
withholding
512
5 385
-
-
total
5 288
7 334
-
-
Income
46 500
46 500
46 500
46 500
Total tax
21 173
17 935
17 275
19 462
After tax
25 327
28 565
29 225
27 038
Living cost
27 203
27 203
27 203
27 203
Free-cash
-1 876
1 362
2 022
-165

Estimated living cost  is ₴27203 per week

₴20406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18005
₴12149
₴13045
₴16414
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 511
other
-
-
-
-
surtax
-
-
-
986
unemployment
-
-
-
114
health
-
-
-
3 301
pensions
-
-
-
9 300
total
-
-
-
22 212
Employee
16 857
-
38 413
-
other
-
-
-
-
unemployment
1 173
-
2 674
-
pensions
1 125
-
2 562
-
surtax
60
-
882
-
income
2 826
-
7 924
-
health
430
-
979
-
total
5 614
-
15 021
-
Employer
16 857
-
38 413
-
health
767
-
1 748
-
pensions
2 247
-
5 121
-
unemployment
535
-
1 218
-
other
-
-
-
-
total
3 549
-
8 087
-
Corporate
26 094
46 500
-
-
income
6 784
12 090
-
-
total
6 784
12 090
-
-
Dividends
19 310
34 410
-
-
withholding
2 896
5 162
-
-
total
2 896
5 162
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 843
17 252
23 108
22 212
After tax
27 657
29 248
23 392
24 288
Living cost
11 243
11 243
11 243
11 243
Free-cash
16 414
18 005
12 149
13 045

Estimated living cost  is ₴11243 per week

₴6788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10958
₴8248
₴10450
₴9846
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
social contributions
-
-
-
11 959
regional
-
-
-
701
municipal
-
-
-
276
national
-
-
-
9 630
total
-
-
-
22 566
Employee
27 767
-
46 500
-
municipal
147
-
247
-
national
4 399
-
8 216
-
regional
374
-
625
-
social contributions
9 363
-
15 680
-
total
14 283
-
24 768
-
Employer
27 767
-
46 500
-
total
-
-
-
-
Corporate
18 733
46 500
-
-
municipal
931
2 311
-
-
nationa
4 496
11 160
-
-
total
5 427
13 471
-
-
Dividends
13 306
33 029
-
-
withholding
3 460
8 587
-
-
total
3 460
8 587
-
-
Income
46 500
46 500
46 500
46 500
Total tax
23 170
22 058
24 768
22 566
After tax
23 330
24 442
21 732
23 934
Living cost
13 484
13 484
13 484
13 484
Free-cash
9 846
10 958
8 248
10 450

Estimated living cost  is ₴13484 per week

₴8386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16911
₴8493
₴7543
₴11523
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
3 997
social contributions
-
-
-
13 578
solidarity contribution
-
-
-
-
health
-
-
-
6 278
total
-
-
-
23 853
Employee
22 212
-
34 701
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
2 256
-
income
2 665
-
4 164
-
health
2 999
-
4 685
-
total
7 108
-
11 105
-
Employer
22 212
-
34 701
-
health
1 999
-
3 123
-
social contributions
5 553
-
8 675
-
total
7 552
-
11 798
-
Corporate
16 736
46 500
-
-
income
3 180
8 835
-
-
total
3 180
8 835
-
-
Dividends
13 556
37 665
-
-
withholding
2 033
5 650
-
-
total
2 033
5 650
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 873
14 485
22 903
23 853
After tax
26 627
32 015
23 597
22 647
Living cost
15 104
15 104
15 104
15 104
Free-cash
11 523
16 911
8 493
7 543

Estimated living cost  is ₴15104 per week

₴11232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and 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 Prague model

Close
Graz , Austria
₴10212
-₴1386
₴7966
₴9966
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
7 149
surtax
-
-
-
-
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
186
health
-
-
-
3 557
pensions
-
-
-
8 602
total
-
-
-
22 564
Employee
21 881
19 948
36 108
-
other
218
199
361
-
unemployment
656
598
1 083
-
pensions
2 241
2 042
3 697
-
income
1 949
1 471
6 435
-
health
846
772
1 397
-
total
5 910
5 082
12 973
-
Employer
21 881
19 948
36 108
-
chamber of commerce
87
80
144
-
health
827
754
1 365
-
pensions
2 746
2 504
4 532
-
accident
284
259
469
-
unemployment
656
598
1 083
-
surtax
-
-
-
-
payroll
656
598
1 083
-
other
1 039
947
1 715
-
total
6 295
5 740
10 391
-
Corporate
18 322
20 811
34 209
-
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.

4 580
5 203
8 552
-
total
4 580
5 203
8 552
-
Dividends
13 742
15 608
-
-
withholding
3 779
4 293
-
-
total
3 779
4 293
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 564
20 318
31 916
22 564
After tax
25 936
26 182
14 584
23 936
Living cost
15 970
15 970
15 970
15 970
Free-cash
9 966
10 212
-1 386
7 966

Estimated living cost  is ₴15970 per week

₴9580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37902
₴30927
₴39762
₴36726
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
46 500
microenterprise

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

-
-
-
465
total
-
-
-
465
Employee
7 842
-
46 500
-
income
1 568
-
9 300
-
total
1 568
-
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%.

38 658
46 500
-
-
total
-
-
-
-
Dividends
38 658
46 500
-
-
withholding
1 933
2 325
-
-
total
1 933
2 325
-
-
Income
46 500
46 500
46 500
46 500
Total tax
3 501
2 325
9 300
465
After tax
42 999
44 175
37 200
46 035
Living cost
6 273
6 273
6 273
6 273
Free-cash
36 726
37 902
30 927
39 762

Estimated living cost  is ₴6273 per week

₴4245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18589
₴9456
₴10789
₴14403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
46 500
income
-
-
-
9 149
unemployment
-
-
-
69
health
-
-
-
4 575
pensions
-
-
-
8 492
total
-
-
-
22 285
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.

22 135
-
40 235
-
unemployment
31
-
56
-
pensions
3 431
-
6 236
-
income
3 817
-
8 462
-
health
1 430
-
2 599
-
total
8 709
-
17 353
-
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.

22 135
-
40 235
-
health
1 474
-
2 680
-
pensions
1 959
-
3 561
-
unemployment
13
-
24
-
total
3 446
-
6 265
-
Corporate
20 919
46 500
-
-
income
3 974
8 835
-
-
total
3 974
8 835
-
-
Dividends
16 944
37 665
-
-
withholding
2 542
5 650
-
-
total
2 542
5 650
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 671
14 485
23 618
22 285
After tax
27 829
32 015
22 882
24 215
Living cost
13 426
13 426
13 426
13 426
Free-cash
14 403
18 589
9 456
10 789

Estimated living cost  is ₴13426 per week

₴9214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6911
₴18602
₴10755
-₴27381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
9 064
social contributions
-
-
-
5 301
total
-
-
-
14 365
Employee
30 656
-
-
-
social contributions
2 514
-
358
-
income
6 762
-
-
-
total
9 276
-
358
-
Employer
30 656
-
-
-
social contributions
43 225
-
6 160
-
total
43 225
-
6 160
-
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
52 501
18 209
6 518
14 365
After tax
-6 001
28 291
39 982
32 135
Living cost
21 380
21 380
21 380
21 380
Free-cash
-27 381
6 911
18 602
10 755

Estimated living cost  is ₴21380 per week

₴13872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
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.
₴5224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10748
₴8226
₴10437
₴10243
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
46 500
income
-
-
-
4 203
surtax
-
-
-
-
social contributions

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

-
-
-
16 159
total
-
-
-
20 362
Employee
23 022
-
37 576
-
surtax
-
-
-
-
social contributions
2 532
-
4 133
-
income
4 789
-
9 516
-
total
7 321
-
13 649
-
Employer
23 022
-
37 576
-
social contributions
5 468
-
8 924
-
total
5 468
-
8 924
-
Corporate
18 010
46 500
-
-
income
3 783
9 765
-
-
surtax
-
-
-
-
total
3 783
9 765
-
-
Dividends
14 228
36 735
-
-
withholding
3 984
10 286
-
-
total
3 984
10 286
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 556
20 051
22 573
20 362
After tax
25 944
26 449
23 927
26 138
Living cost
15 701
15 701
15 701
15 701
Free-cash
10 243
10 748
8 226
10 437

Estimated living cost  is ₴15701 per week

₴11748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
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.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-₴739
₴2447
₴2703
₴2701
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 926
other
-
-
-
1 443
surtax
-
-
-
-
social contributions
-
-
-
1 324
health
-
-
-
665
pensions
-
-
-
12 263
total
-
-
-
19 621
Employee
31 351
-
35 434
-
pensions
3 546
-
4 008
-
surtax
-
-
-
-
social contributions
893
-
1 010
-
income
2 735
-
3 793
-
total
7 174
-
8 811
-
Employer
31 351
-
35 434
-
health
2 194
-
2 480
-
pensions
5 151
-
5 822
-
unemployment
1 270
-
1 435
-
social contributions
94
-
106
-
other
1 082
-
1 223
-
total
9 791
-
11 066
-
Corporate
5 357
46 500
-
-
income
1 500
13 020
-
-
surtax
-
-
-
-
total
1 500
13 020
-
-
Dividends
3 857
33 480
-
-
surtax
-
-
-
-
social contributions
664
5 758
-
-
withholding
494
4 285
-
-
total
1 158
10 043
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 623
23 063
19 877
19 621
After tax
26 877
23 437
26 623
26 879
Living cost
24 176
24 176
24 176
24 176
Free-cash
2 701
-739
2 447
2 703

Estimated living cost  is ₴24176 per week

₴16362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26803
₴21855
₴20550
₴25122
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
673
social contributions
-
-
-
10 230
total
-
-
-
10 903
Employee
16 093
-
40 259
-
income
-
-
742
-
social contributions
1 046
-
2 616
-
total
1 046
-
3 358
-
Employer
16 093
-
40 259
-
social contributions
2 494
-
6 240
-
total
2 494
-
6 240
-
Corporate
27 913
46 500
-
-
income
2 791
4 650
-
-
total
2 791
4 650
-
-
Dividends
25 122
41 850
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
6 331
4 650
9 598
10 903
After tax
40 169
41 850
36 902
35 597
Living cost
15 047
15 047
15 047
15 047
Free-cash
25 122
26 803
21 855
20 550

Estimated living cost  is ₴15047 per week

₴9729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴62559
-₴62559
₴4934
-₴62559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
labour market
-
-
-
3 685
municipal
-
-
-
8 463
national
-
-
-
4 877
pensions
-
-
-
434
total
-
-
-
17 459
Employee
101 748
101 748
101 748
-
municipal
21 667
21 667
21 667
-
labour market
8 128
8 128
8 128
-
pensions
145
145
145
-
national
12 430
12 430
12 430
-
total
42 370
42 370
42 370
-
Employer
101 748
101 748
101 748
-
national
12 452
12 452
12 452
-
labour market
8 140
8 140
8 140
-
pensions
289
289
289
-
municipal
21 701
21 701
21 701
-
total
42 582
42 582
42 582
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
46 500
46 500
46 500
46 500
Total tax
84 952
84 952
84 952
17 459
After tax
-38 452
-38 452
-38 452
29 041
Living cost
24 107
24 107
24 107
24 107
Free-cash
-62 559
-62 559
-62 559
4 934

Estimated living cost  is ₴24107 per week

₴16499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7229
₴12758
₴20947
₴2079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
accident
-
-
-
128
income
-
-
-
11 025
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
14 558
Employee
17 296
-
39 293
-
pensions
1 948
-
3 870
-
income
2 373
-
7 171
-
health
1 980
-
4 499
-
total
6 301
-
15 540
-
Employer
17 296
-
39 293
-
pensions
2 812
-
5 588
-
accident
289
-
656
-
unemployment
424
-
963
-
total
3 525
-
7 207
-
Corporate
25 680
46 500
-
-
income

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

23 112
41 850
-
-
total
23 112
41 850
-
-
Dividends
2 568
4 650
-
-
withholding
488
884
-
-
total
488
884
-
-
Income
46 500
46 500
46 500
46 500
Total tax
33 426
42 734
22 747
14 558
After tax
13 074
3 766
23 753
31 942
Living cost
10 995
10 995
10 995
10 995
Free-cash
2 079
-7 229
12 758
20 947

Estimated living cost  is ₴10995 per week

₴8003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11971
₴7591
₴14201
₴10515
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
46 500
health
-
-
-
507
municipal
-
-
-
8 278
national
-
-
-
4 296
total
-
-
-
13 081
Employee
26 336
-
39 118
-
municipal
4 314
-
6 389
-
unemployment
395
-
587
-
pensions
1 777
-
2 641
-
national
435
-
2 299
-
health
197
-
393
-
total
7 118
-
12 309
-
Employer
26 336
-
39 118
-
health
202
-
301
-
pensions
4 569
-
6 787
-
accident
27
-
39
-
unemployment
171
-
255
-
total
4 969
-
7 382
-
Corporate
15 195
46 500
-
-
income
3 039
9 300
-
-
total
3 039
9 300
-
-
Dividends

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

9 118
27 900
-
-
municipal
1 641
5 022
-
-
national
-
989
-
-
total
1 641
6 011
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 767
15 311
19 691
13 081
After tax
29 733
31 189
26 809
33 419
Living cost
19 218
19 218
19 218
19 218
Free-cash
10 515
11 971
7 591
14 201

Estimated living cost  is ₴19218 per week

₴12553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22469
₴21837
₴21884
₴19745
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
4 588
social contributions
-
-
-
7 254
health
-
-
-
1 185
total
-
-
-
13 027
Employee
38 491
38 491
42 215
-
social contributions
1 455
3 195
3 504
-
income
4 191
3 563
4 568
-
health
298
654
717
-
total
5 944
7 412
8 789
-
Employer
38 491
38 491
42 215
-
health
324
712
781
-
social contributions
1 455
3 195
3 504
-
total
1 779
3 907
4 285
-
Corporate
27 187
4 102
-
-
income
3 399
513
-
-
total
3 399
513
-
-
Dividends
23 788
3 589
-
-
withholding
4 044
610
-
-
total
4 044
610
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 166
12 442
13 074
13 027
After tax
31 334
34 058
33 426
33 473
Living cost
11 589
11 589
11 589
11 589
Free-cash
19 745
22 469
21 837
21 884

Estimated living cost  is ₴11589 per week

₴6946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
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.
₴3251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30560
₴20745
₴29157
₴28012
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
46 500
income
-
-
-
4 387
unemployment
-
-
-
14
health
-
-
-
1 811
pensions
-
-
-
3 184
total
-
-
-
9 396
Employee

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

11 490
-
42 158
-
unemployment
57
-
211
-
pensions
1 723
-
6 324
-
income
786
-
3 348
-
health
977
-
3 583
-
total
3 543
-
13 466
-
Employer

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

11 490
-
42 158
-
health
494
-
1 812
-
pensions
632
-
2 319
-
unemployment
57
-
211
-
total
1 183
-
4 342
-
Corporate
33 828
46 500
-
-
income
3 044
4 185
-
-
total
3 044
4 185
-
-
Dividends
30 783
42 315
-
-
withholding
2 771
3 808
-
-
total
2 771
3 808
-
-
Income
46 500
46 500
46 500
46 500
Total tax
10 541
7 993
17 808
9 396
After tax
35 959
38 507
28 692
37 104
Living cost
7 947
7 947
7 947
7 947
Free-cash
28 012
30 560
20 745
29 157

Estimated living cost  is ₴7947 per week

₴5071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
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.
₴2067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17574
₴11093
₴10783
₴14949
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
accident
-
-
-
418
income
-
-
-
8 032
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
21 952
Employee
18 509
-
35 259
-
other
18
-
35
-
unemployment
287
-
546
-
pensions
870
-
1 658
-
income
3 568
-
8 163
-
total
4 743
-
10 402
-
Employer
18 509
-
35 259
-
pensions
4 368
-
8 321
-
accident
367
-
698
-
unemployment
1 018
-
1 939
-
other
148
-
282
-
total
5 901
-
11 240
-
Corporate
22 090
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.

3 313
6 975
-
-
total
3 313
6 975
-
-
Dividends
18 777
39 525
-
-
withholding
3 829
8 186
-
-
total
3 829
8 186
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 786
15 161
21 642
21 952
After tax
28 714
31 339
24 858
24 548
Living cost
13 765
13 765
13 765
13 765
Free-cash
14 949
17 574
11 093
10 783

Estimated living cost  is ₴13765 per week

₴9291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
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.
₴2910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28005
₴28548
₴28620
₴27839
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 596
health
-
-
-
535
pensions
-
-
-
738
total
-
-
-
16 869
Employee
1 540
-
45 670
-
unemployment
15
-
37
-
pensions
139
-
332
-
income
298
-
15 558
-
health
77
-
184
-
total
529
-
16 111
-
Employer
1 540
-
45 670
-
health
146
-
350
-
pensions
169
-
406
-
unemployment
31
-
74
-
total
346
-
830
-
Corporate
44 613
46 500
-
-
income
9 815
10 230
-
-
total
9 815
10 230
-
-
Dividends
34 798
36 270
-
-
withholding
6 960
7 254
-
-
total
6 960
7 254
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 650
17 484
16 941
16 869
After tax
28 850
29 016
29 559
29 631
Living cost
1 011
1 011
1 011
1 011
Free-cash
27 839
28 005
28 548
28 620

Estimated living cost  is ₴1011 per week

₴601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24935
₴15505
₴15506
₴22472
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
46 500
income
-
-
-
8 343
unemployment
-
-
-
555
health
-
-
-
3 812
pensions
-
-
-
9 623
total
-
-
-
22 333
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.

13 060
-
39 875
-
unemployment
98
-
278
-
pensions
1 828
-
5 182
-
income
1 800
-
8 343
-
health
673
-
1 906
-
total
4 399
-
15 709
-
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.

13 060
-
39 875
-
health
673
-
1 906
-
pensions
1 567
-
4 441
-
unemployment
98
-
278
-
total
2 338
-
6 625
-
Corporate
31 102
46 500
-
-
income
4 665
6 975
-
-
total
4 665
6 975
-
-
Dividends
26 437
39 525
-
-
withholding
3 965
5 929
-
-
total
3 965
5 929
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 367
12 904
22 334
22 333
After tax
31 133
33 596
24 166
24 167
Living cost
8 661
8 661
8 661
8 661
Free-cash
22 472
24 935
15 505
15 506

Estimated living cost  is ₴8661 per week

₴5832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
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.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12954
₴10432
₴12643
₴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

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

-
-
-
46 500
income
-
-
-
4 203
surtax
-
-
-
-
social contributions

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

-
-
-
16 159
total
-
-
-
20 362
Employee
19 428
-
37 576
-
surtax
-
-
-
-
social contributions
2 137
-
4 133
-
income
3 796
-
9 516
-
total
5 933
-
13 649
-
Employer
19 428
-
37 576
-
social contributions
4 614
-
8 924
-
total
4 614
-
8 924
-
Corporate
22 458
46 500
-
-
income
4 716
9 765
-
-
surtax
-
-
-
-
total
4 716
9 765
-
-
Dividends
17 742
36 735
-
-
withholding
4 968
10 286
-
-
total
4 968
10 286
-
-
Income
46 500
46 500
46 500
46 500
Total tax
20 231
20 051
22 573
20 362
After tax
26 269
26 449
23 927
26 138
Living cost
13 495
13 495
13 495
13 495
Free-cash
12 774
12 954
10 432
12 643

Estimated living cost  is ₴13495 per week

₴9558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴938
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴13747
₴7266
₴6956
₴9930
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
accident
-
-
-
418
income
-
-
-
8 032
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
21 952
Employee
24 175
-
35 259
-
other
24
-
35
-
unemployment
374
-
546
-
pensions
1 136
-
1 658
-
income
5 049
-
8 163
-
total
6 583
-
10 402
-
Employer
24 175
-
35 259
-
pensions
5 705
-
8 321
-
accident
479
-
698
-
unemployment
1 330
-
1 939
-
other
194
-
282
-
total
7 708
-
11 240
-
Corporate
14 618
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.

2 192
6 975
-
-
total
2 192
6 975
-
-
Dividends
12 425
39 525
-
-
withholding
2 495
8 186
-
-
total
2 495
8 186
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 978
15 161
21 642
21 952
After tax
27 522
31 339
24 858
24 548
Living cost
17 592
17 592
17 592
17 592
Free-cash
9 930
13 747
7 266
6 956

Estimated living cost  is ₴17592 per week

₴12634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31147
₴27621
₴26245
₴28097
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
6 975
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
11 644
Employee
11 402
-
43 070
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

1 001
-
1 535
-
income
1 140
-
4 307
-
health
525
-
804
-
total
2 791
-
6 838
-
Employer
11 402
-
43 070
-
health
787
-
1 206
-
pensions

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

1 256
-
1 927
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 236
-
3 430
-
Corporate
32 861
46 500
-
-
income
3 286
4 650
-
-
total
3 286
4 650
-
-
Dividends
29 574
41 850
-
-
withholding
1 479
2 092
-
-
total
1 479
2 092
-
-
Income
46 500
46 500
46 500
46 500
Total tax
9 792
6 742
10 268
11 644
After tax
36 708
39 758
36 232
34 856
Living cost
8 611
8 611
8 611
8 611
Free-cash
28 097
31 147
27 621
26 245

Estimated living cost  is ₴8611 per week

₴5695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4674
₴14189
₴10856
₴11221
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
46 500
income

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

-
-
-
9 067
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.

-
-
-
499
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.

-
-
-
3 420
trade
-
-
-
3 333
total
-
-
-
16 319
Employee

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

24 906
-
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.

113
-
499
-
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.

2 048
-
9 067
-
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.

3 420
-
3 420
-
total
5 581
-
12 986
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 594
46 500
-
-
income
3 239
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.

179
384
-
-
chamber of commerce
107
144
-
-
trade
3 099
6 673
-
-
total
6 624
14 176
-
-
Dividends
14 970
32 324
-
-
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
434
-
-
withholding
3 553
7 891
-
-
total
3 749
8 325
-
-
Income
46 500
46 500
46 500
46 500
Total tax
15 954
22 501
12 986
16 319
After tax
30 546
23 999
33 514
30 181
Living cost
19 325
19 325
19 325
19 325
Free-cash
11 221
4 674
14 189
10 856

Estimated living cost  is ₴19325 per week

₴13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
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.
₴3634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4036
₴3599
₴3599
₴5141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
income
-
-
-
10 326
social contributions
-
-
-
4 061
total
-
-
-
14 387
Employee
39 155
-
46 500
-
income
7 388
-
10 326
-
social contributions
3 253
-
4 061
-
total
10 641
-
14 387
-
Employer
39 155
-
46 500
-
total
-
-
-
-
Corporate
7 345
46 500
-
-
income
919
5 812
-
-
total
919
5 812
-
-
Dividends
6 426
40 688
-
-
withholding
1 285
8 138
-
-
total
1 285
8 138
-
-
Income
46 500
46 500
46 500
46 500
Total tax
12 845
13 950
14 387
14 387
After tax
33 655
32 550
32 113
32 113
Living cost
28 514
28 514
28 514
28 514
Free-cash
5 141
4 036
3 599
3 599

Estimated living cost  is ₴28514 per week

₴21693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9410
₴15923
₴11052
₴11731
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
46 500
income
-
-
-
14 249
health

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

-
-
-
3 028
total
-
-
-
17 277
Employee
22 963
-
44 197
-
income
2 492
-
7 800
-
social contributions
2 301
-
2 303
-
total
4 793
-
10 103
-
Employer
22 963
-
44 197
-
social contributions
2 301
-
2 303
-
total
2 301
-
2 303
-
Corporate
21 237
46 500
-
-
income
7 433
16 275
-
-
total
7 433
16 275
-
-
Dividends
13 803
30 225
-
-
social contributions
2 071
2 645
-
-
total
2 071
2 645
-
-
Income
46 500
46 500
46 500
46 500
Total tax
16 598
18 920
12 406
17 277
After tax
29 902
27 580
34 094
29 223
Living cost
18 170
18 170
18 170
18 170
Free-cash
11 731
9 410
15 923
11 052

Estimated living cost  is ₴18170 per week

₴11969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16186
₴10592
₴15533
₴13351
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 966
pensions
-
-
-
3 347
total
-
-
-
12 313
Employee
25 605
-
41 008
-
pensions
1 954
-
3 802
-
income
4 663
-
7 312
-
health
334
-
649
-
total
6 951
-
11 763
-
Employer
25 605
-
41 008
-
health
487
-
779
-
pensions
2 587
-
4 712
-
total
3 074
-
5 491
-
Corporate
17 822
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.

3 387
8 835
-
-
total
3 387
8 835
-
-
Dividends
14 435
37 665
-
-
withholding
1 083
2 825
-
-
total
1 083
2 825
-
-
Income
46 500
46 500
46 500
46 500
Total tax
14 495
11 660
17 254
12 313
After tax
32 005
34 840
29 246
34 187
Living cost
18 654
18 654
18 654
18 654
Free-cash
13 351
16 186
10 592
15 533

Estimated living cost  is ₴18654 per week

₴12796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1715
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8317
₴11670
₴19859
₴1913
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
accident
-
-
-
128
income
-
-
-
11 025
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
14 558
Employee
19 008
-
39 293
-
pensions
2 140
-
3 870
-
income
2 608
-
7 171
-
health
2 176
-
4 499
-
total
6 924
-
15 540
-
Employer
19 008
-
39 293
-
pensions
3 091
-
5 588
-
accident
317
-
656
-
unemployment
466
-
963
-
total
3 874
-
7 207
-
Corporate
23 619
46 500
-
-
income

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

21 257
41 850
-
-
total
21 257
41 850
-
-
Dividends
2 362
4 650
-
-
withholding
449
884
-
-
total
449
884
-
-
Income
46 500
46 500
46 500
46 500
Total tax
32 504
42 734
22 747
14 558
After tax
13 996
3 766
23 753
31 942
Living cost
12 083
12 083
12 083
12 083
Free-cash
1 913
-8 317
11 670
19 859

Estimated living cost  is ₴12083 per week

₴8868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴704
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32366
₴21690
₴19912
₴30326
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
46 500
income
-
-
-
7 036
unemployment
-
-
-
558
work injury
-
-
-
233
health insurance
-
-
-
3 441
pensions
-
-
-
8 556
total
-
-
-
19 824
Employee

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

10 822
-
46 500
-
health insurance
801
-
2 963
-
unemployment
130
-
480
-
work injury
54
-
200
-
pensions
1 991
-
7 367
-
income
1 082
-
7 036
-
total
4 058
-
18 046
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 678
46 500
-
-
income

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

-
465
-
-
total
-
465
-
-
Dividends
35 678
46 035
-
-
withholding
5 352
6 905
-
-
total
5 352
6 905
-
-
Income
46 500
46 500
46 500
46 500
Total tax
9 410
7 370
18 046
19 824
After tax
37 090
39 130
28 454
26 676
Living cost
6 764
6 764
6 764
6 764
Free-cash
30 326
32 366
21 690
19 912

Estimated living cost  is ₴6764 per week

₴4190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₴4552
₴1636
₴3763
₴2275
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
46 500
social contributions
-
-
-
11 959
regional
-
-
-
896
municipal
-
-
-
311
national
-
-
-
9 630
total
-
-
-
22 796
Employee
42 180
-
46 500
-
municipal
252
-
277
-
national
7 128
-
8 216
-
regional
637
-
750
-
social contributions
14 223
-
15 680
-
total
22 240
-
24 923
-
Employer
42 180
-
46 500
-
total
-
-
-
-
Corporate
4 320
46 500
-
-
municipal
208
2 241
-
-
nationa
1 036
11 160
-
-
total
1 244
13 401
-
-
Dividends
3 075
33 100
-
-
withholding
800
8 606
-
-
total
800
8 606
-
-
Income
46 500
46 500
46 500
46 500
Total tax
24 284
22 007
24 923
22 796
After tax
22 216
24 493
21 577
23 704
Living cost
19 941
19 941
19 941
19 941
Free-cash
2 275
4 552
1 636
3 763

Estimated living cost  is ₴19941 per week

₴14007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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