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
₴ 47000
per

Your estimated
City
free-cash

Dresden , Germany
₴14303
₴18812
₴8857
₴15015
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 000
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.

-
-
-
3 364
trade
-
-
-
3 797
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.

-
-
-
9 394
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.

-
-
-
517
total
-
-
-
17 072
Employee

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

18 832
-
47 000
-
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.

3 364
-
3 364
-
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.

526
-
9 394
-
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
-
517
-
total
3 919
-
13 275
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 168
47 000
-
-
income
4 225
7 050
-
-
chamber of commerce
115
142
-
-
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.

233
388
-
-
trade
4 436
7 403
-
-
total
9 009
14 983
-
-
Dividends
19 159
32 018
-
-
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.

253
430
-
-
withholding
4 603
7 817
-
-
total
4 856
8 247
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 784
23 230
13 275
17 072
After tax
29 216
23 770
33 725
29 928
Living cost
14 913
14 913
14 913
14 913
Free-cash
14 303
8 857
18 812
15 015

Estimated living cost  is ₴14913 per week

₴9381
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1739
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.
₴3515
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3002
₴2979
₴3434
₴2610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
505
municipal
-
-
-
4 844
pensions
-
-
-
5 640
national
-
-
-
7 507
total
-
-
-
18 496
Employee
40 140
-
40 631
-
pensions
1 606
-
1 625
-
municipal
4 958
-
5 026
-
national
7 683
-
7 789
-
total
14 247
-
14 440
-
Employer
40 140
-
40 631
-
pensions
3 211
-
3 250
-
social contributions
432
-
437
-
total
3 643
-
3 687
-
Corporate
568
47 000
-
-
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%.

114
9 400
-
-
total
114
9 400
-
-
Dividends
454
37 600
-
-
withholding
100
8 272
-
-
total
100
8 272
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 104
17 672
18 127
18 496
After tax
28 896
29 328
28 873
28 504
Living cost
25 894
25 894
25 894
25 894
Free-cash
3 002
3 434
2 979
2 610

Estimated living cost  is ₴25894 per week

₴17600
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2407
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴388
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23318
₴16274
₴27357
₴14872
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 000
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.

-
-
-
15 111
income
-
-
-
6 774
surtax
-
-
-
-
microenterprise
-
-
-
-
total
-
-
-
21 885
Employee
14 387
-
37 876
-
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.

1 583
-
4 166
-
income
2 561
-
7 193
-
surtax
-
-
-
-
total
4 144
-
11 359
-
Employer
14 387
-
37 876
-
surtax
-
-
-
-
social contributions

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

3 466
-
9 124
-
total
3 466
-
9 124
-
Corporate
29 147
47 000
-
-
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%.

5 829
9 400
-
-
total
5 829
9 400
-
-
Dividends

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

23 318
37 600
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
13 439
9 400
20 483
21 885
After tax
33 561
37 600
26 517
25 115
Living cost
10 243
10 243
10 243
10 243
Free-cash
23 318
27 357
16 274
14 872

Estimated living cost  is ₴10243 per week

₴6535
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
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.
₴2500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1893
-₴1893
₴871
₴6063
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
health
-
-
-
5 772
income
-
-
-
8 770
pensions
-
-
-
5 769
total
-
-
-
20 311
Employee
42 046
42 046
42 046
-
pensions
7 568
5 769
7 568
-
health
6 454
5 489
6 454
-
income

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

6 882
6 882
6 882
-
total
20 904
18 140
20 904
-
Employer
42 046
42 046
42 046
-
pensions
2 926
2 926
2 926
-
health
2 923
2 923
2 923
-
unemployment
1 514
1 514
1 514
-
total
7 363
7 363
7 363
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
28 267
25 503
28 267
20 311
After tax
18 733
21 497
18 733
26 689
Living cost
20 626
20 626
20 626
20 626
Free-cash
-1 893
871
-1 893
6 063

Estimated living cost  is ₴20626 per week

₴14617
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1859
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3822
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4954
₴4846
₴5409
₴3707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
89
health
-
-
-
2 770
municipal
-
-
-
10 181
pensions
-
-
-
4 798
other
-
-
-
5 158
unemployment
-
-
-
44
national
-
-
-
-
total
-
-
-
23 040
Employee
28 859
-
35 763
-
municipal
8 606
-
10 665
-
national
-
-
-
-
total
8 606
-
10 665
-
Employer
28 859
-
35 763
-
pensions
3 120
-
3 866
-
other
3 353
-
4 156
-
health
1 775
-
2 199
-
unemployment
762
-
944
-
accident
58
-
71
-
total
9 068
-
11 236
-
Corporate
9 074
47 000
-
-
income
1 996
10 340
-
-
total
1 996
10 340
-
-
Dividends
7 078
36 660
-
-
withholding
2 123
10 998
-
-
total
2 123
10 998
-
-
Income
47 000
47 000
47 000
47 000
Total tax
21 793
21 338
21 901
23 040
After tax
25 207
25 662
25 099
23 960
Living cost
20 253
20 253
20 253
20 253
Free-cash
4 954
5 409
4 846
3 707

Estimated living cost  is ₴20253 per week

₴13423
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1987
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11104
₴14383
₴4186
₴10418
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 000
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.

-
-
-
3 364
trade
-
-
-
3 965
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.

-
-
-
9 394
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.

-
-
-
517
total
-
-
-
17 240
Employee

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

24 969
-
47 000
-
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.

3 364
-
3 364
-
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.

2 145
-
9 394
-
surtax

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

118
-
517
-
total
5 627
-
13 275
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
22 031
47 000
-
-
income
3 305
7 050
-
-
chamber of commerce
107
142
-
-
surtax

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

182
388
-
-
trade
3 624
7 732
-
-
total
7 218
15 312
-
-
Dividends
14 813
31 689
-
-
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.

193
425
-
-
withholding
3 516
7 735
-
-
total
3 709
8 160
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 554
23 472
13 275
17 240
After tax
30 446
23 528
33 725
29 760
Living cost
19 342
19 342
19 342
19 342
Free-cash
11 104
4 186
14 383
10 418

Estimated living cost  is ₴19342 per week

₴12936
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2040
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4078
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16403
₴17630
₴18446
₴17676
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
7 332
health
-
-
-
1 199
income
-
-
-
4 823
total
-
-
-
13 354
Employee
37 861
37 861
42 669
-
health
377
644
725
-
social contributions
1 840
3 142
3 541
-
income
3 976
3 505
4 803
-
total
6 193
7 291
9 069
-
Employer
37 861
37 861
42 669
-
health
410
701
790
-
social contributions
1 840
3 142
3 541
-
total
2 250
3 843
4 331
-
Corporate
22 588
5 296
-
-
income
2 824
662
-
-
total
2 824
662
-
-
Dividends
19 764
4 634
-
-
withholding
3 360
788
-
-
total
3 360
788
-
-
Income
47 000
47 000
47 000
47 000
Total tax
14 627
12 584
13 400
13 354
After tax
32 373
34 416
33 600
33 646
Living cost
15 970
15 970
15 970
15 970
Free-cash
16 403
18 446
17 630
17 676

Estimated living cost  is ₴15970 per week

₴10917
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1247
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3537
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17619
₴18189
₴17431
₴23501
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
health
-
-
-
3 290
income
-
-
-
5 746
pensions
-
-
-
4 700
unemployment
-
-
-
705
total
-
-
-
14 441
Employee

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

The minimum wage is 138,000 HUF per month.

13 075
5 204
39 331
-
unemployment
196
78
590
-
pensions
1 307
520
3 933
-
health
915
364
2 753
-
income
1 598
636
4 808
-
total
4 016
1 598
12 084
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 075
5 204
39 331
-
pensions
2 550
1 015
7 669
-
total
2 550
1 015
7 669
-
Corporate
31 375
40 782
-
-
income
2 824
3 670
-
-
total
2 824
3 670
-
-
Dividends
28 552
37 111
-
-
social contributions
5 508
7 177
-
-
withholding
5 425
7 051
-
-
total
10 933
14 228
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 323
20 511
19 753
14 441
After tax
26 677
26 489
27 247
32 559
Living cost
9 058
9 058
9 058
9 058
Free-cash
17 619
17 431
18 189
23 501

Estimated living cost  is ₴9058 per week

₴6181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴22649
₴15198
₴25707
₴13298
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
health
-
-
-
6 110
income
-
-
-
6 299
pensions
-
-
-
9 400
total
-
-
-
21 809
Employee
13 968
-
35 127
-
unemployment
223
-
562
-
pensions
279
-
703
-
income
1 573
-
6 772
-
total
2 075
-
8 037
-
Employer
13 968
-
35 127
-
pensions
2 794
-
7 025
-
health
1 815
-
4 566
-
unemployment
112
-
281
-
total
4 721
-
11 872
-
Corporate
28 311
47 000
-
-
income
5 662
9 400
-
-
total
5 662
9 400
-
-
Dividends
22 649
37 600
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
12 458
9 400
19 909
21 809
After tax
34 542
37 600
27 091
25 191
Living cost
11 893
11 893
11 893
11 893
Free-cash
22 649
25 707
15 198
13 298

Estimated living cost  is ₴11893 per week

₴8157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴708
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.
₴2788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2120
₴13097
-₴7185
₴21285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
126
health
-
-
-
1 090
income
-
-
-
11 243
pensions
-
-
-
2 079
other
-
-
-
185
total
-
-
-
14 723
Employee
17 292
-
39 853
-
pensions
1 947
-
3 812
-
health
1 980
-
4 563
-
income
2 372
-
7 389
-
total
6 299
-
15 764
-
Employer
17 292
-
39 853
-
pensions
2 812
-
5 505
-
unemployment
424
-
976
-
accident
289
-
666
-
total
3 525
-
7 147
-
Corporate
26 184
47 000
-
-
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.

23 566
42 300
-
-
total
23 566
42 300
-
-
Dividends
2 619
4 700
-
-
withholding
498
893
-
-
total
498
893
-
-
Income
47 000
47 000
47 000
47 000
Total tax
33 888
43 193
22 911
14 723
After tax
13 112
3 807
24 089
32 277
Living cost
10 992
10 992
10 992
10 992
Free-cash
2 120
-7 185
13 097
21 285

Estimated living cost  is ₴10992 per week

₴8057
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39862
₴33568
₴40618
₴42498
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
47 000
microenterprise

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

-
-
-
470
total
-
-
-
470
Employee
5 040
-
47 000
-
income
1 008
-
9 400
-
total
1 008
-
9 400
-
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%.

41 960
47 000
-
-
total
-
-
-
-
Dividends
41 960
47 000
-
-
withholding
2 098
2 350
-
-
total
2 098
2 350
-
-
Income
47 000
47 000
47 000
47 000
Total tax
3 106
2 350
9 400
470
After tax
43 894
44 650
37 600
46 530
Living cost
4 032
4 032
4 032
4 032
Free-cash
39 862
40 618
33 568
42 498

Estimated living cost  is ₴4032 per week

₴2499
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.
₴1087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18088
₴14431
₴21411
₴12330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
health
-
-
-
2 068
income
-
-
-
5 970
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.

-
-
-
11 280
other
-
-
-
2 232
total
-
-
-
21 550
Employee
17 877
-
37 541
-
unemployment
178
-
376
-
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.

1 251
-
2 627
-
health
250
-
525
-
income
3 078
-
6 462
-
total
4 757
-
9 990
-
Employer
17 877
-
37 541
-
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.

3 039
-
6 382
-
other
894
-
1 876
-
health
250
-
525
-
unemployment
178
-
376
-
accident
143
-
300
-
total
4 504
-
9 459
-
Corporate
24 617
47 000
-
-
income
5 170
9 870
-
-
total
5 170
9 870
-
-
Dividends
19 447
37 130
-
-
withholding
1 361
2 599
-
-
total
1 361
2 599
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 792
12 469
19 449
21 550
After tax
31 208
34 531
27 551
25 450
Living cost
13 120
13 120
13 120
13 120
Free-cash
18 088
21 411
14 431
12 330

Estimated living cost  is ₴13120 per week

₴9270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴886
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4839
-₴2745
₴2626
₴1881
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
income
-
-
-
9 471
pensions
-
-
-
3 425
total
-
-
-
12 896
Employee
45 591
-
41 408
-
pensions
4 398
-
3 896
-
health
751
-
665
-
income
8 218
-
7 369
-
total
13 367
-
11 930
-
Employer
45 591
-
41 408
-
pensions
5 383
-
4 806
-
health
866
-
786
-
total
6 249
-
5 592
-
Corporate
-
47 000
-
-
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.

-
8 930
-
-
total
-
8 930
-
-
Dividends
-
38 070
-
-
withholding
-
3 221
-
-
total
-
3 221
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 616
12 151
17 522
12 896
After tax
27 384
34 849
29 478
34 104
Living cost
32 223
32 223
32 223
32 223
Free-cash
-4 839
2 626
-2 745
1 881

Estimated living cost  is ₴32223 per week

₴24145
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3786
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.
₴4030
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴31452
₴30331
₴33736
₴28913
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
health
-
-
-
1 976
income
-
-
-
7 050
pensions

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

-
-
-
2 543
unemployment
-
-
-
69
total
-
-
-
11 638
Employee
8 539
-
43 629
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

750
-
1 508
-
health
393
-
790
-
income
854
-
4 363
-
total
2 091
-
6 850
-
Employer
8 539
-
43 629
-
pensions

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

941
-
1 893
-
health
589
-
1 185
-
unemployment
51
-
103
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
total
1 675
-
3 370
-
Corporate
36 786
47 000
-
-
income
3 678
4 700
-
-
total
3 678
4 700
-
-
Dividends
33 107
42 300
-
-
withholding
1 655
2 115
-
-
total
1 655
2 115
-
-
Income
47 000
47 000
47 000
47 000
Total tax
9 099
6 815
10 220
11 638
After tax
37 901
40 185
36 780
35 362
Living cost
6 448
6 448
6 448
6 448
Free-cash
31 452
33 736
30 331
28 913

Estimated living cost  is ₴6448 per week

₴3765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴461
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6642
-₴8570
-₴5806
-₴614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
health
-
-
-
5 772
income
-
-
-
8 770
pensions
-
-
-
5 769
total
-
-
-
20 311
Employee
45 649
42 046
42 046
-
pensions
5 769
5 769
7 568
-
health
5 695
5 489
6 454
-
income

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

6 882
6 882
6 882
-
total
18 346
18 140
20 904
-
Employer
45 649
42 046
42 046
-
pensions
3 177
2 926
2 926
-
health
3 172
2 923
2 923
-
unemployment
1 644
1 514
1 514
-
total
7 993
7 363
7 363
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
26 339
25 503
28 267
20 311
After tax
20 661
21 497
18 733
26 689
Living cost
27 303
27 303
27 303
27 303
Free-cash
-6 642
-5 806
-8 570
-614

Estimated living cost  is ₴27303 per week

₴20140
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2439
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4411
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15793
₴11640
₴20150
₴10681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
13 724
health
-
-
-
6 345
income
-
-
-
4 040
solidarity contribution
-
-
-
-
total
-
-
-
24 109
Employee
17 955
-
35 075
-
solidarity contribution
-
-
-
-
health
2 424
-
4 735
-
social contributions
1 167
-
2 280
-
income
2 155
-
4 209
-
total
5 746
-
11 224
-
Employer
17 955
-
35 075
-
health
1 616
-
3 157
-
social contributions
4 489
-
8 769
-
total
6 105
-
11 926
-
Corporate
22 940
47 000
-
-
income
4 359
8 930
-
-
total
4 359
8 930
-
-
Dividends
18 581
38 070
-
-
withholding
2 787
5 710
-
-
total
2 787
5 710
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 997
14 640
23 150
24 109
After tax
28 003
32 360
23 850
22 891
Living cost
12 210
12 210
12 210
12 210
Free-cash
15 793
20 150
11 640
10 681

Estimated living cost  is ₴12210 per week

₴8481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴869
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.
₴2620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1731
₴1277
₴4300
₴3513
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
12 089
municipal
-
-
-
279
regional
-
-
-
515
national
-
-
-
9 828
total
-
-
-
22 711
Employee
43 759
-
47 000
-
regional
413
-
450
-
municipal
232
-
249
-
national
7 582
-
8 399
-
social contributions
14 755
-
15 849
-
total
22 982
-
24 947
-
Employer
43 759
-
47 000
-
total
-
-
-
-
Corporate
3 241
47 000
-
-
municipal
126
1 833
-
-
nationa
778
11 280
-
-
total
904
13 113
-
-
Dividends
2 337
33 887
-
-
withholding
607
8 811
-
-
total
607
8 811
-
-
Income
47 000
47 000
47 000
47 000
Total tax
24 493
21 924
24 947
22 711
After tax
22 507
25 076
22 053
24 289
Living cost
20 776
20 776
20 776
20 776
Free-cash
1 731
4 300
1 277
3 513

Estimated living cost  is ₴20776 per week

₴14483
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1362
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4612
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17165
₴12638
₴18698
₴13544
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
health
-
-
-
3 337
income
-
-
-
8 712
surtax
-
-
-
1 030
pensions
-
-
-
9 400
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
22 591
Employee
16 282
-
38 827
-
unemployment
1 133
-
2 702
-
pensions
1 086
-
2 590
-
health
416
-
989
-
income
2 729
-
8 118
-
other
-
-
-
-
surtax
53
-
925
-
total
5 417
-
15 324
-
Employer
16 282
-
38 827
-
pensions
2 171
-
5 175
-
other
-
-
-
-
health
741
-
1 767
-
unemployment
516
-
1 231
-
total
3 428
-
8 173
-
Corporate
27 290
47 000
-
-
income
7 096
12 220
-
-
total
7 096
12 220
-
-
Dividends
20 195
34 780
-
-
withholding
3 029
5 217
-
-
total
3 029
5 217
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 970
17 437
23 497
22 591
After tax
28 030
29 563
23 503
24 409
Living cost
10 865
10 865
10 865
10 865
Free-cash
17 165
18 698
12 638
13 544

Estimated living cost  is ₴10865 per week

₴6643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1003
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2968
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9410
₴7464
₴12835
₴12090
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
income
-
-
-
9 471
pensions
-
-
-
3 425
total
-
-
-
12 896
Employee
30 554
-
41 408
-
pensions
2 593
-
3 896
-
health
444
-
665
-
income
5 503
-
7 369
-
total
8 540
-
11 930
-
Employer
30 554
-
41 408
-
pensions
3 307
-
4 806
-
health
580
-
786
-
total
3 887
-
5 592
-
Corporate
12 559
47 000
-
-
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.

2 386
8 930
-
-
total
2 386
8 930
-
-
Dividends
10 172
38 070
-
-
withholding
763
3 221
-
-
total
763
3 221
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 576
12 151
17 522
12 896
After tax
31 424
34 849
29 478
34 104
Living cost
22 014
22 014
22 014
22 014
Free-cash
9 410
12 835
7 464
12 090

Estimated living cost  is ₴22014 per week

₴16493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1650
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3641
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3246
-₴2235
-₴17711
₴179
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
health
-
-
-
128
pensions
-
-
-
4 324
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.

-
-
-
940
regional
-
-
-
1 513
city
-
-
-
495
national
-
-
-
219
total
-
-
-
7 619
Employee
45 876
-
42 067
-
unemployment
-
-
-
-
pensions
3 854
-
3 533
-
regional
1 502
-
1 296
-
national
217
-
187
-
health
104
-
95
-
city
492
-
452
-
total
6 169
-
5 563
-
Employer
45 876
-
42 067
-
pensions
3 854
-
3 533
-
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.

917
-
842
-
health
104
-
95
-
unemployment
-
-
-
-
total
4 875
-
4 470
-
Corporate
-
47 000
-
-
regional
-
9 941
-
-
national
-
3 995
-
-
total
-
13 936
-
-
Dividends
-
33 064
-
-
withholding
-
11 573
-
-
total
-
11 573
-
-
Income
47 000
47 000
47 000
47 000
Total tax
11 044
25 509
10 033
7 619
After tax
35 956
21 491
36 967
39 381
Living cost
39 202
39 202
39 202
39 202
Free-cash
-3 246
-17 711
-2 235
179

Estimated living cost  is ₴39202 per week

₴25492
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3518
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴8714
₴11169
₴730
₴7034
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 000
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.

-
-
-
3 364
trade
-
-
-
4 135
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.

-
-
-
9 394
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.

-
-
-
517
total
-
-
-
17 410
Employee

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

29 590
-
47 000
-
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.

3 364
-
3 364
-
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.

3 480
-
9 394
-
surtax

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

192
-
517
-
total
7 036
-
13 275
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
17 410
47 000
-
-
income
2 612
7 050
-
-
chamber of commerce
99
141
-
-
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.

144
388
-
-
trade
2 985
8 061
-
-
total
5 840
15 640
-
-
Dividends
11 570
31 361
-
-
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.

149
421
-
-
withholding
2 705
7 653
-
-
total
2 854
8 074
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 730
23 714
13 275
17 410
After tax
31 270
23 286
33 725
29 590
Living cost
22 556
22 556
22 556
22 556
Free-cash
8 714
730
11 169
7 034

Estimated living cost  is ₴22556 per week

₴16474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1804
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.
₴3985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9748
₴9921
₴6842
₴10284
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
1 339
health
-
-
-
747
income
-
-
-
4 159
surtax
-
-
-
-
pensions
-
-
-
12 167
other
-
-
-
1 458
total
-
-
-
19 870
Employee
21 073
-
35 817
-
pensions
2 383
-
4 050
-
social contributions
601
-
1 020
-
income
1 244
-
3 980
-
surtax
-
-
-
-
total
4 228
-
9 050
-
Employer
21 073
-
35 817
-
pensions
3 462
-
5 884
-
other
727
-
1 235
-
health
1 475
-
2 507
-
unemployment
853
-
1 450
-
social contributions
64
-
107
-
total
6 581
-
11 183
-
Corporate
19 347
47 000
-
-
income
5 417
13 160
-
-
surtax
-
-
-
-
total
5 417
13 160
-
-
Dividends
13 929
33 840
-
-
surtax
-
-
-
-
social contributions
2 397
5 820
-
-
withholding
1 783
4 332
-
-
total
4 180
10 152
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 406
23 312
20 233
19 870
After tax
26 594
23 688
26 767
27 130
Living cost
16 846
16 846
16 846
16 846
Free-cash
9 748
6 842
9 921
10 284

Estimated living cost  is ₴16846 per week

₴10622
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11245
₴11590
₴8511
₴11953
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
1 339
health
-
-
-
747
income
-
-
-
4 159
surtax
-
-
-
-
pensions
-
-
-
12 167
other
-
-
-
1 458
total
-
-
-
19 870
Employee
18 810
-
35 817
-
pensions
2 128
-
4 050
-
social contributions
536
-
1 020
-
income
970
-
3 980
-
surtax
-
-
-
-
total
3 634
-
9 050
-
Employer
18 810
-
35 817
-
pensions
3 091
-
5 884
-
other
649
-
1 235
-
health
1 317
-
2 507
-
unemployment
762
-
1 450
-
social contributions
56
-
107
-
total
5 875
-
11 183
-
Corporate
22 315
47 000
-
-
income
6 248
13 160
-
-
surtax
-
-
-
-
total
6 248
13 160
-
-
Dividends
16 067
33 840
-
-
surtax
-
-
-
-
social contributions
2 764
5 820
-
-
withholding
2 057
4 332
-
-
total
4 821
10 152
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 578
23 312
20 233
19 870
After tax
26 422
23 688
26 767
27 130
Living cost
15 177
15 177
15 177
15 177
Free-cash
11 245
8 511
11 590
11 953

Estimated living cost  is ₴15177 per week

₴8802
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1542
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.
₴4546
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18488
₴19940
₴18232
₴19742
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
6 486
health
-
-
-
3 281
income
-
-
-
7 050
total
-
-
-
16 817
Employee
16 694
-
47 000
-
health
1 165
-
3 281
-
social contributions
2 304
-
6 486
-
income
2 784
-
6 852
-
total
6 253
-
16 619
-
Employer
16 694
-
47 000
-
total
-
-
-
-
Corporate
30 306
47 000
-
-
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%.

1 516
2 350
-
-
total
1 516
2 350
-
-
Dividends
28 790
44 650
-
-
health
2 010
3 117
-
-
social contributions
3 973
6 162
-
-
withholding
4 319
6 698
-
-
total
10 302
15 977
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 071
18 327
16 619
16 817
After tax
28 929
28 673
30 381
30 183
Living cost
10 441
10 441
10 441
10 441
Free-cash
18 488
18 232
19 940
19 742

Estimated living cost  is ₴10441 per week

₴6987
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴644
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.
₴2569
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8273
-₴2802
₴9034
₴6632
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
health
-
-
-
3 595
surtax
-
-
-
97
income
-
-
-
7 424
chamber of commerce
-
-
-
188
pensions
-
-
-
8 695
unemployment
-
-
-
3 020
total
-
-
-
23 019
Employee
24 606
19 622
36 422
-
unemployment
738
589
1 092
-
pensions
2 520
2 009
3 730
-
health
952
760
1 410
-
income
2 801
1 447
6 641
-
other
246
196
364
-
total
7 257
5 001
13 237
-
Employer
24 606
19 622
36 422
-
chamber of commerce
98
78
146
-
pensions
3 088
2 463
4 571
-
other
1 169
932
1 730
-
health
930
742
1 376
-
unemployment
738
589
1 092
-
accident
320
255
474
-
surtax
97
97
97
-
payroll
738
589
1 092
-
total
7 178
5 745
10 578
-
Corporate
15 216
21 634
34 553
-
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.

3 804
5 408
8 638
-
total
3 804
5 408
8 638
-
Dividends
11 412
16 226
-
-
withholding
3 139
4 463
-
-
total
3 139
4 463
-
-
Income
47 000
47 000
47 000
47 000
Total tax
21 378
20 617
32 453
23 019
After tax
25 622
26 383
14 547
23 981
Living cost
17 349
17 349
17 349
17 349
Free-cash
8 273
9 034
-2 802
6 632

Estimated living cost  is ₴17349 per week

₴11571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
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.
₴4013
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1030
₴503
₴8416
₴4396
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
7 211
communal

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

-
-
-
2 387
national
-
-
-
15 054
total
-
-
-
24 652
Employee

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

35 219
-
36 402
-
unemployment

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

306
-
317
-
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.

2 641
-
2 730
-
national
10 828
-
11 290
-
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.

1 655
-
1 711
-
communal

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

1 837
-
1 899
-
total
17 267
-
17 947
-
Employer

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

35 219
-
36 402
-
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.

3 121
-
3 225
-
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.

2 166
-
2 239
-
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.

514
-
532
-
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.

458
-
474
-
surtax
3 993
-
4 128
-
total
10 252
-
10 598
-
Corporate
1 529
47 000
-
-
income
306
9 400
-
-
surtax
7
188
-
-
total
313
9 588
-
-
Dividends
1 217
37 413
-
-
withholding

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

186
11 044
-
-
total
186
11 044
-
-
Income
47 000
47 000
47 000
47 000
Total tax
28 018
20 632
28 545
24 652
After tax
18 982
26 368
18 455
22 348
Living cost
17 952
17 952
17 952
17 952
Free-cash
1 030
8 416
503
4 396

Estimated living cost  is ₴17952 per week

₴11564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4538
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9970
₴7264
₴13891
₴7219
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
411
income
-
-
-
8 308
pensions
-
-
-
12 915
other
-
-
-
46
unemployment
-
-
-
320
total
-
-
-
22 000
Employee
24 509
-
35 638
-
unemployment
380
-
552
-
pensions
1 152
-
1 675
-
income
5 171
-
8 332
-
other
24
-
36
-
total
6 727
-
10 595
-
Employer
24 509
-
35 638
-
pensions
5 784
-
8 410
-
other
195
-
285
-
unemployment
1 348
-
1 960
-
accident
485
-
705
-
total
7 812
-
11 360
-
Corporate
14 679
47 000
-
-
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.

2 202
7 050
-
-
total
2 202
7 050
-
-
Dividends
12 477
39 950
-
-
withholding
2 508
8 278
-
-
total
2 508
8 278
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 249
15 328
21 955
22 000
After tax
27 751
31 672
25 045
25 000
Living cost
17 781
17 781
17 781
17 781
Free-cash
9 970
13 891
7 264
7 219

Estimated living cost  is ₴17781 per week

₴13094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1261
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.
₴3169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1165
₴2592
₴2076
₴418
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
396
health
-
-
-
3 303
income
-
-
-
3 781
surtax
-
-
-
2 330
pensions
-
-
-
7 045
communal
-
-
-
2 970
total
-
-
-
19 825
Employee
37 287
-
41 983
-
pensions
2 982
-
3 359
-
health
1 659
-
1 868
-
income
3 602
-
4 835
-
surtax
2 285
-
2 573
-
total
10 528
-
12 635
-
Employer
37 287
-
41 983
-
pensions
2 982
-
3 359
-
health
1 137
-
1 280
-
accident
335
-
377
-
total
4 454
-
5 016
-
Corporate
5 258
47 000
-
-
income
789
7 050
-
-
communal
-
3 172
-
-
surtax
55
493
-
-
total
844
10 715
-
-
Dividends
4 415
36 285
-
-
income
4 920
2 009
-
-
withholding
662
5 443
-
-
total
5 582
7 452
-
-
Income
47 000
47 000
47 000
47 000
Total tax
21 408
18 167
17 651
19 825
After tax
25 592
28 833
29 349
27 175
Living cost
26 757
26 757
26 757
26 757
Free-cash
-1 165
2 076
2 592
418

Estimated living cost  is ₴26757 per week

₴20072
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1621
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.
₴4780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16938
₴12444
₴18504
₴13350
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
health
-
-
-
3 337
income
-
-
-
8 712
surtax
-
-
-
1 030
pensions
-
-
-
9 400
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
22 591
Employee
16 581
-
38 827
-
unemployment
1 154
-
2 702
-
pensions
1 106
-
2 590
-
health
423
-
989
-
income
2 780
-
8 118
-
other
-
-
-
-
surtax
59
-
925
-
total
5 522
-
15 324
-
Employer
16 581
-
38 827
-
pensions
2 211
-
5 175
-
other
-
-
-
-
health
754
-
1 767
-
unemployment
526
-
1 231
-
total
3 491
-
8 173
-
Corporate
26 928
47 000
-
-
income
7 001
12 220
-
-
total
7 001
12 220
-
-
Dividends
19 927
34 780
-
-
withholding
2 989
5 217
-
-
total
2 989
5 217
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 003
17 437
23 497
22 591
After tax
27 997
29 563
23 503
24 409
Living cost
11 059
11 059
11 059
11 059
Free-cash
16 938
18 504
12 444
13 350

Estimated living cost  is ₴11059 per week

₴6677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴961
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3165
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10348
₴8608
₴11441
₴10832
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
12 089
municipal
-
-
-
279
regional
-
-
-
709
national
-
-
-
9 828
total
-
-
-
22 905
Employee
27 312
-
47 000
-
regional
368
-
632
-
municipal
145
-
249
-
national
4 327
-
8 399
-
social contributions
9 210
-
15 849
-
total
14 050
-
25 129
-
Employer
27 312
-
47 000
-
total
-
-
-
-
Corporate
19 688
47 000
-
-
municipal
978
2 336
-
-
nationa
4 725
11 280
-
-
total
5 703
13 616
-
-
Dividends
13 984
33 384
-
-
withholding
3 636
8 680
-
-
total
3 636
8 680
-
-
Income
47 000
47 000
47 000
47 000
Total tax
23 389
22 296
25 129
22 905
After tax
23 611
24 704
21 871
24 095
Living cost
13 263
13 263
13 263
13 263
Free-cash
10 348
11 441
8 608
10 832

Estimated living cost  is ₴13263 per week

₴8249
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3444
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11947
₴8804
₴17314
₴7845
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
13 724
health
-
-
-
6 345
income
-
-
-
4 040
solidarity contribution
-
-
-
-
total
-
-
-
24 109
Employee
22 126
-
35 075
-
solidarity contribution
-
-
-
-
health
2 987
-
4 735
-
social contributions
1 438
-
2 280
-
income
2 655
-
4 209
-
total
7 080
-
11 224
-
Employer
22 126
-
35 075
-
health
1 991
-
3 157
-
social contributions
5 531
-
8 769
-
total
7 522
-
11 926
-
Corporate
17 351
47 000
-
-
income
3 297
8 930
-
-
total
3 297
8 930
-
-
Dividends
14 055
38 070
-
-
withholding
2 108
5 710
-
-
total
2 108
5 710
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 007
14 640
23 150
24 109
After tax
26 993
32 360
23 850
22 891
Living cost
15 046
15 046
15 046
15 046
Free-cash
11 947
17 314
8 804
7 845

Estimated living cost  is ₴15046 per week

₴11189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10485
-₴1144
₴10729
₴8370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
health
-
-
-
3 595
surtax
-
-
-
-
income
-
-
-
7 424
chamber of commerce
-
-
-
188
pensions
-
-
-
8 695
unemployment
-
-
-
3 020
total
-
-
-
22 922
Employee
21 523
19 622
36 497
-
unemployment
646
589
1 095
-
pensions
2 204
2 009
3 737
-
health
833
760
1 413
-
income
1 917
1 447
6 666
-
other
215
196
365
-
total
5 815
5 001
13 276
-
Employer
21 523
19 622
36 497
-
chamber of commerce
86
78
146
-
pensions
2 701
2 463
4 580
-
other
1 022
932
1 733
-
health
814
742
1 379
-
unemployment
646
589
1 095
-
accident
279
255
475
-
surtax
-
-
-
-
payroll
646
589
1 095
-
total
6 194
5 648
10 503
-
Corporate
19 283
21 731
34 628
-
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.

4 820
5 432
8 657
-
total
4 820
5 432
8 657
-
Dividends
14 463
16 299
-
-
withholding
3 978
4 482
-
-
total
3 978
4 482
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 807
20 563
32 436
22 922
After tax
26 193
26 437
14 564
24 078
Living cost
15 708
15 708
15 708
15 708
Free-cash
10 485
10 729
-1 144
8 370

Estimated living cost  is ₴15708 per week

₴9423
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1604
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37189
₴31317
₴38367
₴40247
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
47 000
microenterprise

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

-
-
-
470
total
-
-
-
470
Employee
7 854
-
47 000
-
income
1 571
-
9 400
-
total
1 571
-
9 400
-
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%.

39 146
47 000
-
-
total
-
-
-
-
Dividends
39 146
47 000
-
-
withholding
1 957
2 350
-
-
total
1 957
2 350
-
-
Income
47 000
47 000
47 000
47 000
Total tax
3 528
2 350
9 400
470
After tax
43 472
44 650
37 600
46 530
Living cost
6 283
6 283
6 283
6 283
Free-cash
37 189
38 367
31 317
40 247

Estimated living cost  is ₴6283 per week

₴4252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴264
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.
₴1557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15033
₴9862
₴19153
₴11210
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 000
health
-
-
-
4 624
income
-
-
-
9 307
pensions
-
-
-
8 583
unemployment
-
-
-
70
total
-
-
-
22 584
Employee

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

21 773
-
40 668
-
unemployment
31
-
57
-
pensions
3 375
-
6 303
-
health
1 406
-
2 627
-
income
3 755
-
8 613
-
total
8 567
-
17 600
-
Employer

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

21 773
-
40 668
-
pensions
1 927
-
3 599
-
health
1 450
-
2 709
-
unemployment
13
-
24
-
total
3 390
-
6 332
-
Corporate
21 837
47 000
-
-
income
4 150
8 930
-
-
total
4 150
8 930
-
-
Dividends
17 688
38 070
-
-
withholding
2 654
5 711
-
-
total
2 654
5 711
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 761
14 641
23 932
22 584
After tax
28 239
32 359
23 068
24 416
Living cost
13 206
13 206
13 206
13 206
Free-cash
15 033
19 153
9 862
11 210

Estimated living cost  is ₴13206 per week

₴9063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴847
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.
₴3041
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴26973
₴19066
₴7188
₴11074
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
5 358
income
-
-
-
9 161
total
-
-
-
14 519
Employee
30 694
-
-
-
social contributions
2 517
-
359
-
income
6 770
-
-
-
total
9 287
-
359
-
Employer
30 694
-
-
-
social contributions
43 279
-
6 168
-
total
43 279
-
6 168
-
Corporate
-
47 000
-
-
income
-
10 340
-
-
total
-
10 340
-
-
Dividends
-
36 660
-
-
income
-
8 065
-
-
total
-
8 065
-
-
Income
47 000
47 000
47 000
47 000
Total tax
52 566
18 405
6 527
14 519
After tax
-5 566
28 595
40 473
32 481
Living cost
21 407
21 407
21 407
21 407
Free-cash
-26 973
7 188
19 066
11 074

Estimated living cost  is ₴21407 per week

₴13889
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2013
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.
₴5231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10794
₴8662
₴11289
₴10944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 000
social contributions

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

-
-
-
16 333
income
-
-
-
4 279
surtax
-
-
-
-
total
-
-
-
20 612
Employee
22 645
-
37 980
-
social contributions
2 491
-
4 178
-
income
4 710
-
9 696
-
surtax
-
-
-
-
total
7 201
-
13 874
-
Employer
22 645
-
37 980
-
social contributions
5 378
-
9 020
-
total
5 378
-
9 020
-
Corporate
18 977
47 000
-
-
income
3 985
9 870
-
-
surtax
-
-
-
-
total
3 985
9 870
-
-
Dividends
14 992
37 130
-
-
withholding
4 198
10 397
-
-
total
4 198
10 397
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 762
20 267
22 894
20 612
After tax
26 238
26 733
24 106
26 388
Living cost
15 444
15 444
15 444
15 444
Free-cash
10 794
11 289
8 662
10 944

Estimated living cost  is ₴15444 per week

₴11555
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴911
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2720
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3292
₴2986
-₴93
₴3349
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
1 339
health
-
-
-
747
income
-
-
-
4 159
surtax
-
-
-
-
pensions
-
-
-
12 167
other
-
-
-
1 458
total
-
-
-
19 870
Employee
30 838
-
35 817
-
pensions
3 488
-
4 050
-
social contributions
878
-
1 020
-
income
2 691
-
3 980
-
surtax
-
-
-
-
total
7 057
-
9 050
-
Employer
30 838
-
35 817
-
pensions
5 067
-
5 884
-
other
1 064
-
1 235
-
health
2 158
-
2 507
-
unemployment
1 249
-
1 450
-
social contributions
93
-
107
-
total
9 631
-
11 183
-
Corporate
6 531
47 000
-
-
income
1 829
13 160
-
-
surtax
-
-
-
-
total
1 829
13 160
-
-
Dividends
4 702
33 840
-
-
surtax
-
-
-
-
social contributions
808
5 820
-
-
withholding
602
4 332
-
-
total
1 410
10 152
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 927
23 312
20 233
19 870
After tax
27 073
23 688
26 767
27 130
Living cost
23 781
23 781
23 781
23 781
Free-cash
3 292
-93
2 986
3 349

Estimated living cost  is ₴23781 per week

₴16094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1945
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5415
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25846
₴22432
₴27500
₴21148
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
10 340
income
-
-
-
712
total
-
-
-
11 052
Employee
15 829
-
40 692
-
social contributions
1 029
-
2 645
-
income
-
-
815
-
total
1 029
-
3 460
-
Employer
15 829
-
40 692
-
social contributions
2 454
-
6 308
-
total
2 454
-
6 308
-
Corporate
28 717
47 000
-
-
income
2 871
4 700
-
-
total
2 871
4 700
-
-
Dividends
25 846
42 300
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
6 354
4 700
9 768
11 052
After tax
40 646
42 300
37 232
35 948
Living cost
14 800
14 800
14 800
14 800
Free-cash
25 846
27 500
22 432
21 148

Estimated living cost  is ₴14800 per week

₴9570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1116
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.
₴3836
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴60182
-₴60182
-₴60182
₴5592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
municipal
-
-
-
8 613
pensions
-
-
-
426
labour market
-
-
-
3 726
national
-
-
-
4 951
total
-
-
-
17 716
Employee
99 997
99 997
99 997
-
pensions
142
142
142
-
municipal
21 294
21 294
21 294
-
national
12 216
12 216
12 216
-
labour market
7 988
7 988
7 988
-
total
41 640
41 640
41 640
-
Employer
99 997
99 997
99 997
-
municipal
21 328
21 328
21 328
-
pensions
284
284
284
-
national
12 238
12 238
12 238
-
labour market
8 000
8 000
8 000
-
total
41 850
41 850
41 850
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
83 490
83 490
83 490
17 716
After tax
-36 490
-36 490
-36 490
29 284
Living cost
23 692
23 692
23 692
23 692
Free-cash
-60 182
-60 182
-60 182
5 592

Estimated living cost  is ₴23692 per week

₴16215
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2096
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴364
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2148
₴13259
-₴7023
₴21447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
126
health
-
-
-
1 090
income
-
-
-
11 243
pensions
-
-
-
2 079
other
-
-
-
185
total
-
-
-
14 723
Employee
17 037
-
39 853
-
pensions
1 918
-
3 812
-
health
1 951
-
4 563
-
income
2 337
-
7 389
-
total
6 206
-
15 764
-
Employer
17 037
-
39 853
-
pensions
2 770
-
5 505
-
unemployment
417
-
976
-
accident
284
-
666
-
total
3 471
-
7 147
-
Corporate
26 491
47 000
-
-
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.

23 842
42 300
-
-
total
23 842
42 300
-
-
Dividends
2 649
4 700
-
-
withholding
503
893
-
-
total
503
893
-
-
Income
47 000
47 000
47 000
47 000
Total tax
34 022
43 193
22 911
14 723
After tax
12 978
3 807
24 089
32 277
Living cost
10 830
10 830
10 830
10 830
Free-cash
2 148
-7 023
13 259
21 447

Estimated living cost  is ₴10830 per week

₴7883
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11218
₴8086
₴12518
₴14723
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
47 000
health
-
-
-
519
municipal
-
-
-
8 366
national
-
-
-
4 489
total
-
-
-
13 374
Employee
25 905
-
39 539
-
unemployment
389
-
593
-
pensions
1 748
-
2 669
-
municipal
4 243
-
6 457
-
national
428
-
2 427
-
health
193
-
404
-
total
7 001
-
12 550
-
Employer
25 905
-
39 539
-
pensions
4 494
-
6 860
-
health
199
-
305
-
unemployment
168
-
257
-
accident
26
-
39
-
total
4 887
-
7 461
-
Corporate
16 208
47 000
-
-
income
3 241
9 400
-
-
total
3 241
9 400
-
-
Dividends

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

9 725
28 200
-
-
national
-
1 103
-
-
municipal
1 750
5 076
-
-
total
1 750
6 179
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 879
15 579
20 011
13 374
After tax
30 121
31 421
26 989
33 626
Living cost
18 903
18 903
18 903
18 903
Free-cash
11 218
12 518
8 086
14 723

Estimated living cost  is ₴18903 per week

₴12348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1818
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.
₴4437
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴20339
₴22200
₴23016
₴22246
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
7 332
health
-
-
-
1 199
income
-
-
-
4 823
total
-
-
-
13 354
Employee
37 861
37 861
42 669
-
health
293
644
725
-
social contributions
1 431
3 142
3 541
-
income
4 122
3 505
4 803
-
total
5 846
7 291
9 069
-
Employer
37 861
37 861
42 669
-
health
319
701
790
-
social contributions
1 431
3 142
3 541
-
total
1 750
3 843
4 331
-
Corporate
28 003
5 296
-
-
income
3 500
662
-
-
total
3 500
662
-
-
Dividends
24 503
4 634
-
-
withholding
4 165
788
-
-
total
4 165
788
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 261
12 584
13 400
13 354
After tax
31 739
34 416
33 600
33 646
Living cost
11 400
11 400
11 400
11 400
Free-cash
20 339
23 016
22 200
22 246

Estimated living cost  is ₴11400 per week

₴6832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1118
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3197
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28598
₴21180
₴31103
₴29801
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47 000
health
-
-
-
1 782
income
-
-
-
4 454
pensions
-
-
-
3 132
unemployment
-
-
-
14
total
-
-
-
9 382
Employee

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

11 302
-
42 611
-
unemployment
56
-
213
-
pensions
1 695
-
6 392
-
health
961
-
3 622
-
income
773
-
3 388
-
total
3 485
-
13 615
-
Employer

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

11 302
-
42 611
-
pensions
621
-
2 343
-
health
486
-
1 832
-
unemployment
56
-
213
-
total
1 163
-
4 388
-
Corporate
34 535
47 000
-
-
income
3 109
4 230
-
-
total
3 109
4 230
-
-
Dividends
31 427
42 770
-
-
withholding
2 828
3 850
-
-
total
2 828
3 850
-
-
Income
47 000
47 000
47 000
47 000
Total tax
10 585
8 080
18 003
9 382
After tax
36 415
38 920
28 997
37 618
Living cost
7 817
7 817
7 817
7 817
Free-cash
28 598
31 103
21 180
29 801

Estimated living cost  is ₴7817 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴563
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.
₴2033
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15548
₴11505
₴18132
₴11460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
411
income
-
-
-
8 308
pensions
-
-
-
12 915
other
-
-
-
46
unemployment
-
-
-
320
total
-
-
-
22 000
Employee
18 206
-
35 638
-
unemployment
282
-
552
-
pensions
856
-
1 675
-
income
3 510
-
8 332
-
other
18
-
36
-
total
4 666
-
10 595
-
Employer
18 206
-
35 638
-
pensions
4 296
-
8 410
-
other
146
-
285
-
unemployment
1 002
-
1 960
-
accident
361
-
705
-
total
5 805
-
11 360
-
Corporate
22 990
47 000
-
-
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.

3 449
7 050
-
-
total
3 449
7 050
-
-
Dividends
19 541
39 950
-
-
withholding
3 992
8 278
-
-
total
3 992
8 278
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 912
15 328
21 955
22 000
After tax
29 088
31 672
25 045
25 000
Living cost
13 540
13 540
13 540
13 540
Free-cash
15 548
18 132
11 505
11 460

Estimated living cost  is ₴13540 per week

₴9139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1302
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.
₴2862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28207
₴28953
₴28365
₴29021
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
health
-
-
-
509
income
-
-
-
15 804
pensions
-
-
-
703
total
-
-
-
17 016
Employee
1 467
-
46 210
-
unemployment
15
-
35
-
pensions
132
-
316
-
health
73
-
176
-
income
284
-
15 767
-
total
504
-
16 294
-
Employer
1 467
-
46 210
-
pensions
161
-
386
-
health
139
-
334
-
unemployment
29
-
70
-
total
329
-
790
-
Corporate
45 203
47 000
-
-
income
9 945
10 340
-
-
total
9 945
10 340
-
-
Dividends
35 258
36 660
-
-
withholding
7 052
7 332
-
-
total
7 052
7 332
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 830
17 672
17 084
17 016
After tax
29 170
29 328
29 916
29 984
Living cost
963
963
963
963
Free-cash
28 207
28 365
28 953
29 021

Estimated living cost  is ₴963 per week

₴572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23026
₴16085
₴25446
₴16086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 000
health
-
-
-
3 746
income
-
-
-
8 655
pensions
-
-
-
9 456
unemployment
-
-
-
546
total
-
-
-
22 403
Employee

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

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

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

12 834
-
40 490
-
unemployment
96
-
273
-
pensions
1 797
-
5 092
-
health
661
-
1 873
-
income
1 769
-
8 655
-
total
4 323
-
15 893
-
Employer

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

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

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

12 834
-
40 490
-
pensions
1 540
-
4 365
-
health
661
-
1 873
-
unemployment
96
-
273
-
total
2 297
-
6 511
-
Corporate
31 869
47 000
-
-
income
4 780
7 050
-
-
total
4 780
7 050
-
-
Dividends
27 088
39 950
-
-
withholding
4 063
5 993
-
-
total
4 063
5 993
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 463
13 043
22 404
22 403
After tax
31 537
33 957
24 596
24 597
Living cost
8 511
8 511
8 511
8 511
Free-cash
23 026
25 446
16 085
16 086

Estimated living cost  is ₴8511 per week

₴5731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴658
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1876
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13283
₴10832
₴13459
₴13114
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 000
social contributions

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

-
-
-
16 333
income
-
-
-
4 279
surtax
-
-
-
-
total
-
-
-
20 612
Employee
19 110
-
37 980
-
social contributions
2 102
-
4 178
-
income
3 734
-
9 696
-
surtax
-
-
-
-
total
5 836
-
13 874
-
Employer
19 110
-
37 980
-
social contributions
4 538
-
9 020
-
total
4 538
-
9 020
-
Corporate
23 352
47 000
-
-
income
4 904
9 870
-
-
surtax
-
-
-
-
total
4 904
9 870
-
-
Dividends
18 448
37 130
-
-
withholding
5 165
10 397
-
-
total
5 165
10 397
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 443
20 267
22 894
20 612
After tax
26 557
26 733
24 106
26 388
Living cost
13 274
13 274
13 274
13 274
Free-cash
13 283
13 459
10 832
13 114

Estimated living cost  is ₴13274 per week

₴9402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴922
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2715
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10613
₴7741
₴14368
₴7696
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
411
income
-
-
-
8 308
pensions
-
-
-
12 915
other
-
-
-
46
unemployment
-
-
-
320
total
-
-
-
22 000
Employee
23 779
-
35 638
-
unemployment
368
-
552
-
pensions
1 117
-
1 675
-
income
4 967
-
8 332
-
other
23
-
36
-
total
6 475
-
10 595
-
Employer
23 779
-
35 638
-
pensions
5 612
-
8 410
-
other
191
-
285
-
unemployment
1 308
-
1 960
-
accident
471
-
705
-
total
7 582
-
11 360
-
Corporate
15 639
47 000
-
-
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.

2 346
7 050
-
-
total
2 346
7 050
-
-
Dividends
13 293
39 950
-
-
withholding
2 680
8 278
-
-
total
2 680
8 278
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 083
15 328
21 955
22 000
After tax
27 917
31 672
25 045
25 000
Living cost
17 304
17 304
17 304
17 304
Free-cash
10 613
14 368
7 741
7 696

Estimated living cost  is ₴17304 per week

₴12427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28727
₴28319
₴31724
₴26901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
health
-
-
-
1 976
income
-
-
-
7 050
pensions

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

-
-
-
2 543
unemployment
-
-
-
69
total
-
-
-
11 638
Employee
11 203
-
43 629
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

984
-
1 508
-
health
515
-
790
-
income
1 120
-
4 363
-
total
2 742
-
6 850
-
Employer
11 203
-
43 629
-
pensions

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

1 235
-
1 893
-
health
773
-
1 185
-
unemployment
67
-
103
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
total
2 198
-
3 370
-
Corporate
33 599
47 000
-
-
income
3 360
4 700
-
-
total
3 360
4 700
-
-
Dividends
30 239
42 300
-
-
withholding
1 512
2 115
-
-
total
1 512
2 115
-
-
Income
47 000
47 000
47 000
47 000
Total tax
9 812
6 815
10 220
11 638
After tax
37 188
40 185
36 780
35 362
Living cost
8 461
8 461
8 461
8 461
Free-cash
28 727
31 724
28 319
26 901

Estimated living cost  is ₴8461 per week

₴5596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11686
₴14716
₴5245
₴11256
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 000
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.

-
-
-
3 364
trade
-
-
-
3 460
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.

-
-
-
9 394
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.

-
-
-
517
total
-
-
-
16 735
Employee

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

24 498
-
47 000
-
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.

3 364
-
3 364
-
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.

2 014
-
9 394
-
surtax

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

111
-
517
-
total
5 489
-
13 275
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
22 502
47 000
-
-
income
3 375
7 050
-
-
chamber of commerce
107
144
-
-
surtax

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

186
388
-
-
trade
3 229
6 744
-
-
total
6 897
14 326
-
-
Dividends
15 604
32 674
-
-
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.

205
439
-
-
withholding
3 714
7 981
-
-
total
3 919
8 420
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 305
22 746
13 275
16 735
After tax
30 695
24 254
33 725
30 265
Living cost
19 009
19 009
19 009
19 009
Free-cash
11 686
5 245
14 716
11 256

Estimated living cost  is ₴19009 per week

₴13113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2045
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5940
₴4158
₴4853
₴4158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
4 133
income
-
-
-
10 662
total
-
-
-
14 795
Employee
38 514
-
47 000
-
social contributions
3 200
-
4 133
-
income
7 267
-
10 662
-
total
10 467
-
14 795
-
Employer
38 514
-
47 000
-
total
-
-
-
-
Corporate
8 486
47 000
-
-
income
1 061
5 875
-
-
total
1 061
5 875
-
-
Dividends
7 425
41 125
-
-
withholding
1 485
8 225
-
-
total
1 485
8 225
-
-
Income
47 000
47 000
47 000
47 000
Total tax
13 013
14 100
14 795
14 795
After tax
33 987
32 900
32 205
32 205
Living cost
28 047
28 047
28 047
28 047
Free-cash
5 940
4 853
4 158
4 158

Estimated living cost  is ₴28047 per week

₴21338
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2285
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12239
₴16610
₴10076
₴12074
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 000
income
-
-
-
14 015
health

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

-
-
-
3 038
total
-
-
-
17 053
Employee
22 587
-
44 735
-
social contributions
2 263
-
2 265
-
income
2 451
-
7 987
-
total
4 714
-
10 252
-
Employer
22 587
-
44 735
-
social contributions
2 263
-
2 265
-
total
2 263
-
2 265
-
Corporate
22 150
47 000
-
-
income
7 752
16 450
-
-
total
7 752
16 450
-
-
Dividends
14 398
30 550
-
-
social contributions
2 159
2 601
-
-
total
2 159
2 601
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 888
19 051
12 517
17 053
After tax
30 112
27 949
34 483
29 947
Living cost
17 873
17 873
17 873
17 873
Free-cash
12 239
10 076
16 610
12 074

Estimated living cost  is ₴17873 per week

₴11773
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1409
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4417
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14600
₴11582
₴16952
₴16208
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
income
-
-
-
9 471
pensions
-
-
-
3 425
total
-
-
-
12 896
Employee
24 565
-
41 408
-
pensions
1 875
-
3 896
-
health
320
-
665
-
income
4 474
-
7 369
-
total
6 669
-
11 930
-
Employer
24 565
-
41 408
-
pensions
2 482
-
4 806
-
health
467
-
786
-
total
2 949
-
5 592
-
Corporate
19 486
47 000
-
-
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.

3 702
8 930
-
-
total
3 702
8 930
-
-
Dividends
15 784
38 070
-
-
withholding
1 184
3 221
-
-
total
1 184
3 221
-
-
Income
47 000
47 000
47 000
47 000
Total tax
14 504
12 151
17 522
12 896
After tax
32 496
34 849
29 478
34 104
Living cost
17 896
17 896
17 896
17 896
Free-cash
14 600
16 952
11 582
16 208

Estimated living cost  is ₴17896 per week

₴12277
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1646
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴1980
₴12186
-₴8096
₴20374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
126
health
-
-
-
1 090
income
-
-
-
11 243
pensions
-
-
-
2 079
other
-
-
-
185
total
-
-
-
14 723
Employee
18 723
-
39 853
-
pensions
2 108
-
3 812
-
health
2 144
-
4 563
-
income
2 569
-
7 389
-
total
6 821
-
15 764
-
Employer
18 723
-
39 853
-
pensions
3 044
-
5 505
-
unemployment
459
-
976
-
accident
313
-
666
-
total
3 816
-
7 147
-
Corporate
24 461
47 000
-
-
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.

22 015
42 300
-
-
total
22 015
42 300
-
-
Dividends
2 446
4 700
-
-
withholding
465
893
-
-
total
465
893
-
-
Income
47 000
47 000
47 000
47 000
Total tax
33 117
43 193
22 911
14 723
After tax
13 883
3 807
24 089
32 277
Living cost
11 903
11 903
11 903
11 903
Free-cash
1 980
-8 096
12 186
20 374

Estimated living cost  is ₴11903 per week

₴8735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
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.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30913
₴22388
₴32905
₴20281
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 000
income
-
-
-
7 149
health insurance
-
-
-
3 478
pensions
-
-
-
8 648
unemployment
-
-
-
564
work injury
-
-
-
235
total
-
-
-
20 074
Employee

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

10 632
-
47 000
-
unemployment
128
-
472
-
pensions
1 956
-
7 238
-
work injury
53
-
197
-
income
1 063
-
7 149
-
health insurance
787
-
2 911
-
total
3 987
-
17 967
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 368
47 000
-
-
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%.

-
470
-
-
total
-
470
-
-
Dividends
36 368
46 530
-
-
withholding
5 455
6 980
-
-
total
5 455
6 980
-
-
Income
47 000
47 000
47 000
47 000
Total tax
9 442
7 450
17 967
20 074
After tax
37 558
39 550
29 033
26 926
Living cost
6 645
6 645
6 645
6 645
Free-cash
30 913
32 905
22 388
20 281

Estimated living cost  is ₴6645 per week

₴4117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2904
₴2087
₴5141
₴4236
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
12 089
municipal
-
-
-
314
regional
-
-
-
918
national
-
-
-
9 828
total
-
-
-
23 149
Employee
41 490
-
47 000
-
regional
626
-
770
-
municipal
248
-
280
-
national
7 011
-
8 399
-
social contributions
13 990
-
15 849
-
total
21 875
-
25 298
-
Employer
41 490
-
47 000
-
total
-
-
-
-
Corporate
5 510
47 000
-
-
municipal
265
2 266
-
-
nationa
1 322
11 280
-
-
total
1 587
13 546
-
-
Dividends
3 922
33 455
-
-
withholding
1 019
8 698
-
-
total
1 019
8 698
-
-
Income
47 000
47 000
47 000
47 000
Total tax
24 481
22 244
25 298
23 149
After tax
22 519
24 756
21 702
23 851
Living cost
19 615
19 615
19 615
19 615
Free-cash
2 904
5 141
2 087
4 236

Estimated living cost  is ₴19615 per week

₴13778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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