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
₴18476
₴8333
₴14807
₴13973
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 483
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.

-
-
-
9 100
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.

-
-
-
500
trade
-
-
-
3 669
total
-
-
-
16 752
Employee

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

19 498
-
47 000
-
surtax

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

30
-
500
-
income

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

545
-
9 100
-
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.

3 483
-
3 483
-
total
4 058
-
13 083
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 502
47 000
-
-
chamber of commerce
117
145
-
-
surtax

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

227
388
-
-
trade
4 331
7 403
-
-
income
4 125
7 050
-
-
total
8 800
14 986
-
-
Dividends
18 701
32 015
-
-
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.

247
430
-
-
withholding
4 481
7 810
-
-
total
4 728
8 240
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 586
23 226
13 083
16 752
After tax
29 414
23 774
33 917
30 248
Living cost
15 441
15 441
15 441
15 441
Free-cash
13 973
8 333
18 476
14 807

Estimated living cost  is ₴15441 per week

₴9713
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1800
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.
₴3639
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1977
₴2365
₴1608
₴1409
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 640
national
-
-
-
7 466
municipal
-
-
-
4 818
total
-
-
-
18 429
Employee
41 798
-
40 631
-
municipal
5 163
-
5 000
-
national
8 000
-
7 748
-
pensions
1 672
-
1 625
-
total
14 835
-
14 373
-
Employer
41 798
-
40 631
-
pensions
3 344
-
3 250
-
social contributions
449
-
437
-
total
3 793
-
3 687
-
Corporate
-
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%.

-
9 400
-
-
total
-
9 400
-
-
Dividends
-
37 600
-
-
withholding
-
8 272
-
-
total
-
8 272
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 628
17 672
18 060
18 429
After tax
28 372
29 328
28 940
28 571
Living cost
26 963
26 963
26 963
26 963
Free-cash
1 409
2 365
1 977
1 608

Estimated living cost  is ₴26963 per week

₴18326
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2506
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴404
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15931
₴26994
₴14530
₴22812
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
15 110
income
-
-
-
6 754
surtax
-
-
-
-
microenterprise
-
-
-
-
total
-
-
-
21 864
Employee
14 896
-
37 875
-
surtax
-
-
-
-
social contributions

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

1 639
-
4 167
-
income
2 652
-
7 172
-
total
4 291
-
11 339
-
Employer
14 896
-
37 875
-
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.

3 588
-
9 124
-
total
3 588
-
9 124
-
Corporate
28 516
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%.

5 703
9 400
-
-
total
5 703
9 400
-
-
Dividends

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

22 813
37 600
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
13 582
9 400
20 463
21 864
After tax
33 418
37 600
26 537
25 136
Living cost
10 606
10 606
10 606
10 606
Free-cash
22 812
26 994
15 931
14 530

Estimated living cost  is ₴10606 per week

₴6766
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1010
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3623
-₴762
₴5344
-₴3623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 881
income
-
-
-
8 446
pensions
-
-
-
5 973
total
-
-
-
20 300
Employee
43 534
43 534
43 534
-
income

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

7 126
7 126
7 126
-
pensions
7 836
5 973
7 836
-
health
6 682
5 684
6 682
-
total
21 644
18 783
21 644
-
Employer
43 534
43 534
43 534
-
unemployment
1 567
1 567
1 567
-
health
3 026
3 026
3 026
-
pensions
3 030
3 030
3 030
-
total
7 623
7 623
7 623
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
29 267
26 406
29 267
20 300
After tax
17 733
20 594
17 733
26 700
Living cost
21 356
21 356
21 356
21 356
Free-cash
-3 623
-762
-3 623
5 344

Estimated living cost  is ₴21356 per week

₴15134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3957
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4120
₴4683
₴2658
₴4213
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
5 343
health
-
-
-
2 869
accident
-
-
-
92
pensions
-
-
-
4 970
national
-
-
-
-
unemployment
-
-
-
46
municipal
-
-
-
10 043
total
-
-
-
23 363
Employee
29 893
-
35 763
-
municipal
8 914
-
10 665
-
national
-
-
-
-
total
8 914
-
10 665
-
Employer
29 893
-
35 763
-
other
3 474
-
4 156
-
unemployment
789
-
944
-
health
1 838
-
2 199
-
accident
60
-
71
-
pensions
3 231
-
3 866
-
total
9 392
-
11 236
-
Corporate
7 715
47 000
-
-
income
1 697
10 340
-
-
total
1 697
10 340
-
-
Dividends
6 018
36 660
-
-
withholding
1 805
10 998
-
-
total
1 805
10 998
-
-
Income
47 000
47 000
47 000
47 000
Total tax
21 808
21 338
21 901
23 363
After tax
25 192
25 662
25 099
23 637
Living cost
20 979
20 979
20 979
20 979
Free-cash
4 213
4 683
4 120
2 658

Estimated living cost  is ₴20979 per week

₴13904
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2059
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.
₴4698
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13890
₴3506
₴10057
₴10670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 483
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.

-
-
-
9 100
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.

-
-
-
500
trade
-
-
-
3 833
total
-
-
-
16 916
Employee

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

25 852
-
47 000
-
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.

122
-
500
-
income

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

2 221
-
9 100
-
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.

3 483
-
3 483
-
total
5 826
-
13 083
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 148
47 000
-
-
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.

174
388
-
-
trade
3 479
7 732
-
-
income
3 172
7 050
-
-
total
6 932
15 314
-
-
Dividends
14 215
31 687
-
-
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.

185
425
-
-
withholding
3 360
7 728
-
-
total
3 545
8 153
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 303
23 467
13 083
16 916
After tax
30 697
23 533
33 917
30 084
Living cost
20 027
20 027
20 027
20 027
Free-cash
10 670
3 506
13 890
10 057

Estimated living cost  is ₴20027 per week

₴13394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2112
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17302
₴17891
₴17349
₴15777
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 585
total
-
-
-
13 116
Employee
39 200
39 200
42 669
-
social contributions
1 905
3 253
3 542
-
income
4 116
3 629
4 564
-
health
390
667
726
-
total
6 411
7 549
8 832
-
Employer
39 200
39 200
42 669
-
health
425
726
789
-
social contributions
1 905
3 253
3 542
-
total
2 330
3 979
4 331
-
Corporate
21 724
3 821
-
-
income
2 716
478
-
-
total
2 716
478
-
-
Dividends
19 009
3 343
-
-
withholding
3 231
568
-
-
total
3 231
568
-
-
Income
47 000
47 000
47 000
47 000
Total tax
14 688
12 574
13 163
13 116
After tax
32 312
34 426
33 837
33 884
Living cost
16 535
16 535
16 535
16 535
Free-cash
15 777
17 891
17 302
17 349

Estimated living cost  is ₴16535 per week

₴11303
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1292
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.
₴3663
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17873
₴17119
₴23185
₴17315
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

13 531
5 385
39 331
-
income
1 654
658
4 808
-
pensions
1 353
539
3 933
-
health
947
377
2 753
-
unemployment
203
81
590
-
total
4 157
1 655
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.

13 531
5 385
39 331
-
pensions
2 639
1 050
7 669
-
total
2 639
1 050
7 669
-
Corporate
30 830
40 565
-
-
income
2 775
3 651
-
-
total
2 775
3 651
-
-
Dividends
28 055
36 914
-
-
social contributions
5 409
7 137
-
-
withholding
5 331
7 014
-
-
total
10 740
14 151
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 311
20 507
19 753
14 441
After tax
26 689
26 493
27 247
32 559
Living cost
9 374
9 374
9 374
9 374
Free-cash
17 315
17 119
17 873
23 185

Estimated living cost  is ₴9374 per week

₴6397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴767
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14778
₴25287
₴12880
₴22120
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 298
pensions
-
-
-
9 399
total
-
-
-
21 807
Employee
14 462
-
35 128
-
income
1 628
-
6 773
-
pensions
289
-
702
-
unemployment
231
-
562
-
total
2 148
-
8 037
-
Employer
14 462
-
35 128
-
unemployment
116
-
281
-
health
1 880
-
4 566
-
pensions
2 893
-
7 025
-
total
4 889
-
11 872
-
Corporate
27 650
47 000
-
-
income
5 530
9 400
-
-
total
5 530
9 400
-
-
Dividends
22 120
37 600
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
12 567
9 400
19 909
21 807
After tax
34 433
37 600
27 091
25 193
Living cost
12 313
12 313
12 313
12 313
Free-cash
22 120
25 287
14 778
12 880

Estimated living cost  is ₴12313 per week

₴8446
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12754
-₴7453
₴21025
₴2080
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
190
health
-
-
-
1 116
accident
-
-
-
129
income
-
-
-
11 150
pensions
-
-
-
2 130
total
-
-
-
14 715
Employee
17 713
-
39 724
-
income
2 430
-
7 258
-
pensions
1 995
-
3 905
-
health
2 028
-
4 548
-
total
6 453
-
15 711
-
Employer
17 713
-
39 724
-
unemployment
434
-
973
-
accident
296
-
663
-
pensions
2 880
-
5 639
-
total
3 610
-
7 275
-
Corporate
25 677
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.

23 109
42 300
-
-
total
23 109
42 300
-
-
Dividends
2 568
4 700
-
-
withholding
488
893
-
-
total
488
893
-
-
Income
47 000
47 000
47 000
47 000
Total tax
33 660
43 193
22 986
14 715
After tax
13 340
3 807
24 014
32 285
Living cost
11 260
11 260
11 260
11 260
Free-cash
2 080
-7 453
12 754
21 025

Estimated living cost  is ₴11260 per week

₴8253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
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.
₴2149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33315
₴40365
₴42245
₴39562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 357
-
47 000
-
income
1 071
-
9 400
-
total
1 071
-
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%.

41 643
47 000
-
-
total
-
-
-
-
Dividends
41 643
47 000
-
-
withholding
2 082
2 350
-
-
total
2 082
2 350
-
-
Income
47 000
47 000
47 000
47 000
Total tax
3 153
2 350
9 400
470
After tax
43 847
44 650
37 600
46 530
Living cost
4 285
4 285
4 285
4 285
Free-cash
39 562
40 365
33 315
42 245

Estimated living cost  is ₴4285 per week

₴2656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴118
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13967
₴20947
₴11865
₴17504
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
2 233
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
total
-
-
-
21 551
Employee
18 510
-
37 541
-
income
3 187
-
6 462
-
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.

1 295
-
2 628
-
health
259
-
525
-
unemployment
185
-
375
-
total
4 926
-
9 990
-
Employer
18 510
-
37 541
-
other
926
-
1 877
-
unemployment
185
-
375
-
health
259
-
525
-
accident
148
-
300
-
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.

3 147
-
6 382
-
total
4 665
-
9 459
-
Corporate
23 825
47 000
-
-
income
5 003
9 870
-
-
total
5 003
9 870
-
-
Dividends
18 822
37 130
-
-
withholding
1 318
2 599
-
-
total
1 318
2 599
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 912
12 469
19 449
21 551
After tax
31 088
34 531
27 551
25 449
Living cost
13 584
13 584
13 584
13 584
Free-cash
17 504
20 947
13 967
11 865

Estimated living cost  is ₴13584 per week

₴9598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴917
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4238
₴1427
₴725
-₴7357
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 100
pensions
-
-
-
3 387
total
-
-
-
12 487
Employee
47 805
-
41 446
-
income
8 617
-
7 388
-
health
788
-
658
-
pensions
4 612
-
3 849
-
total
14 017
-
11 895
-
Employer
47 805
-
41 446
-
health
908
-
788
-
pensions
5 644
-
4 767
-
total
6 552
-
5 555
-
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
-
2 855
-
-
total
-
2 855
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 569
11 785
17 450
12 487
After tax
26 431
35 215
29 550
34 513
Living cost
33 788
33 788
33 788
33 788
Free-cash
-7 357
1 427
-4 238
725

Estimated living cost  is ₴33788 per week

₴25318
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴29911
₴33511
₴28529
₴31147
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 045
income
-
-
-
7 050
pensions

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

-
-
-
2 631
unemployment
-
-
-
71
total
-
-
-
11 797
Employee
8 837
-
43 512
-
income
884
-
4 351
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

776
-
1 561
-
health
406
-
818
-
total
2 163
-
6 926
-
Employer
8 837
-
43 512
-
unemployment
53
-
107
-
health
610
-
1 227
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

974
-
1 959
-
total
1 734
-
3 489
-
Corporate
36 429
47 000
-
-
income
3 643
4 700
-
-
total
3 643
4 700
-
-
Dividends
32 786
42 300
-
-
withholding
1 639
2 115
-
-
total
1 639
2 115
-
-
Income
47 000
47 000
47 000
47 000
Total tax
9 179
6 815
10 415
11 797
After tax
37 821
40 185
36 585
35 203
Living cost
6 674
6 674
6 674
6 674
Free-cash
31 147
33 511
29 911
28 529

Estimated living cost  is ₴6674 per week

₴3896
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10535
-₴7674
-₴1568
-₴8538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 881
income
-
-
-
8 446
pensions
-
-
-
5 973
total
-
-
-
20 300
Employee
47 264
43 534
43 534
-
income

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

7 126
7 126
7 126
-
pensions
5 973
5 973
7 836
-
health
5 896
5 684
6 682
-
total
18 995
18 783
21 644
-
Employer
47 264
43 534
43 534
-
unemployment
1 702
1 567
1 567
-
health
3 284
3 026
3 026
-
pensions
3 289
3 030
3 030
-
total
8 275
7 623
7 623
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
27 270
26 406
29 267
20 300
After tax
19 730
20 594
17 733
26 700
Living cost
28 268
28 268
28 268
28 268
Free-cash
-8 538
-7 674
-10 535
-1 568

Estimated living cost  is ₴28268 per week

₴20853
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2525
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4567
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴11298
₴19808
₴10339
₴15330
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
18 459
-
35 075
-
social contributions
1 200
-
2 280
-
solidarity contribution
-
-
-
-
income
2 215
-
4 209
-
health
2 492
-
4 735
-
total
5 907
-
11 224
-
Employer
18 459
-
35 075
-
health
1 661
-
3 157
-
social contributions
4 615
-
8 769
-
total
6 276
-
11 926
-
Corporate
22 264
47 000
-
-
income
4 230
8 930
-
-
total
4 230
8 930
-
-
Dividends
18 034
38 070
-
-
withholding
2 705
5 710
-
-
total
2 705
5 710
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 118
14 640
23 150
24 109
After tax
27 882
32 360
23 850
22 891
Living cost
12 552
12 552
12 552
12 552
Free-cash
15 330
19 808
11 298
10 339

Estimated living cost  is ₴12552 per week

₴8719
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2694
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴667
₴3566
₴2902
₴904
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
9 706
regional
-
-
-
512
municipal
-
-
-
280
total
-
-
-
22 587
Employee
45 307
-
47 000
-
social contributions
15 277
-
15 848
-
municipal
240
-
250
-
national
7 851
-
8 277
-
regional
428
-
447
-
total
23 796
-
24 822
-
Employer
45 307
-
47 000
-
total
-
-
-
-
Corporate
1 693
47 000
-
-
nationa
406
11 280
-
-
municipal
66
1 833
-
-
total
472
13 113
-
-
Dividends
1 221
33 887
-
-
withholding
317
8 810
-
-
total
317
8 810
-
-
Income
47 000
47 000
47 000
47 000
Total tax
24 585
21 923
24 822
22 587
After tax
22 415
25 077
22 178
24 413
Living cost
21 511
21 511
21 511
21 511
Free-cash
904
3 566
667
2 902

Estimated living cost  is ₴21511 per week

₴14995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4775
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12433
₴18314
₴13339
₴16728
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
3 338
income
-
-
-
8 571
pensions
-
-
-
9 400
surtax
-
-
-
987
unemployment
-
-
-
116
total
-
-
-
22 412
Employee
16 858
-
38 827
-
surtax
55
-
883
-
income
2 826
-
7 978
-
other
-
-
-
-
pensions
1 124
-
2 590
-
health
431
-
991
-
unemployment
1 173
-
2 702
-
total
5 609
-
15 144
-
Employer
16 858
-
38 827
-
other
-
-
-
-
unemployment
534
-
1 231
-
health
767
-
1 767
-
pensions
2 247
-
5 176
-
total
3 548
-
8 174
-
Corporate
26 593
47 000
-
-
income
6 914
12 220
-
-
total
6 914
12 220
-
-
Dividends
19 679
34 780
-
-
withholding
2 952
5 217
-
-
total
2 952
5 217
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 023
17 437
23 318
22 412
After tax
27 977
29 563
23 682
24 588
Living cost
11 249
11 249
11 249
11 249
Free-cash
16 728
18 314
12 433
13 339

Estimated living cost  is ₴11249 per week

₴6878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1038
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3073
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6467
₴12132
₴11430
₴8157
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 100
pensions
-
-
-
3 387
total
-
-
-
12 487
Employee
32 038
-
41 446
-
income
5 770
-
7 388
-
health
465
-
658
-
pensions
2 719
-
3 849
-
total
8 954
-
11 895
-
Employer
32 038
-
41 446
-
health
609
-
788
-
pensions
3 468
-
4 767
-
total
4 077
-
5 555
-
Corporate
10 885
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.

2 068
8 930
-
-
total
2 068
8 930
-
-
Dividends
8 817
38 070
-
-
withholding
661
2 855
-
-
total
661
2 855
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 760
11 785
17 450
12 487
After tax
31 240
35 215
29 550
34 513
Living cost
23 083
23 083
23 083
23 083
Free-cash
8 157
12 132
6 467
11 430

Estimated living cost  is ₴23083 per week

₴17294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3817
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴4085
-₴19614
-₴1674
-₴5686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
health
-
-
-
134
pensions
-
-
-
4 323
city
-
-
-
495
national
-
-
-
212
regional
-
-
-
1 465
total
-
-
-
7 569
Employee
48 103
-
42 067
-
national
228
-
179
-
city
516
-
452
-
pensions
4 041
-
3 535
-
health
109
-
95
-
regional
1 575
-
1 248
-
unemployment
-
-
-
-
total
6 469
-
5 509
-
Employer
48 103
-
42 067
-
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.

962
-
841
-
unemployment
-
-
-
-
health
109
-
95
-
pensions
4 041
-
3 535
-
total
5 112
-
4 471
-
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
11 581
25 509
9 980
7 569
After tax
35 419
21 491
37 020
39 431
Living cost
41 105
41 105
41 105
41 105
Free-cash
-5 686
-19 614
-4 085
-1 674

Estimated living cost  is ₴41105 per week

₴26730
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3689
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴505
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10563
-₴62
₴6568
₴8205
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 483
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.

-
-
-
9 100
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.

-
-
-
500
trade
-
-
-
3 995
total
-
-
-
17 078
Employee

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

30 637
-
47 000
-
surtax

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

198
-
500
-
income

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

3 603
-
9 100
-
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.

3 483
-
3 483
-
total
7 284
-
13 083
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 363
47 000
-
-
chamber of commerce
101
143
-
-
surtax

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

135
388
-
-
trade
2 806
8 061
-
-
income
2 454
7 050
-
-
total
5 496
15 642
-
-
Dividends
10 866
31 359
-
-
surtax

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

138
421
-
-
withholding
2 523
7 645
-
-
total
2 661
8 066
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 441
23 708
13 083
17 078
After tax
31 559
23 292
33 917
29 922
Living cost
23 354
23 354
23 354
23 354
Free-cash
8 205
-62
10 563
6 568

Estimated living cost  is ₴23354 per week

₴17057
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9513
₴6247
₴9735
₴9257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1 458
social contributions
-
-
-
1 340
health
-
-
-
651
income
-
-
-
3 913
pensions
-
-
-
12 461
surtax
-
-
-
-
total
-
-
-
19 823
Employee
21 818
-
35 814
-
surtax
-
-
-
-
social contributions
622
-
1 021
-
income
1 288
-
3 792
-
pensions
2 467
-
4 050
-
total
4 377
-
8 863
-
Employer
21 818
-
35 814
-
other
753
-
1 235
-
unemployment
883
-
1 450
-
health
1 528
-
2 507
-
pensions
3 584
-
5 883
-
social contributions
66
-
107
-
total
6 814
-
11 182
-
Corporate
18 368
47 000
-
-
surtax
-
-
-
-
income
5 143
13 160
-
-
total
5 143
13 160
-
-
Dividends
13 226
33 840
-
-
social contributions
2 274
5 820
-
-
surtax
-
-
-
-
withholding
1 693
4 331
-
-
total
3 967
10 151
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 301
23 311
20 045
19 823
After tax
26 699
23 689
26 955
27 177
Living cost
17 442
17 442
17 442
17 442
Free-cash
9 257
6 247
9 513
9 735

Estimated living cost  is ₴17442 per week

₴10998
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11242
₴7976
₴11464
₴10808
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1 458
social contributions
-
-
-
1 340
health
-
-
-
651
income
-
-
-
3 913
pensions
-
-
-
12 461
surtax
-
-
-
-
total
-
-
-
19 823
Employee
19 476
-
35 814
-
surtax
-
-
-
-
social contributions
555
-
1 021
-
income
1 004
-
3 792
-
pensions
2 203
-
4 050
-
total
3 762
-
8 863
-
Employer
19 476
-
35 814
-
other
672
-
1 235
-
unemployment
788
-
1 450
-
health
1 363
-
2 507
-
pensions
3 200
-
5 883
-
social contributions
58
-
107
-
total
6 081
-
11 182
-
Corporate
21 442
47 000
-
-
surtax
-
-
-
-
income
6 004
13 160
-
-
total
6 004
13 160
-
-
Dividends
15 438
33 840
-
-
social contributions
2 656
5 820
-
-
surtax
-
-
-
-
withholding
1 976
4 331
-
-
total
4 632
10 151
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 479
23 311
20 045
19 823
After tax
26 521
23 689
26 955
27 177
Living cost
15 713
15 713
15 713
15 713
Free-cash
10 808
7 976
11 242
11 464

Estimated living cost  is ₴15713 per week

₴9113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19661
₴17865
₴19373
₴18128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
17 285
-
47 000
-
social contributions
2 386
-
6 486
-
income
2 883
-
6 762
-
health
1 206
-
3 281
-
total
6 475
-
16 529
-
Employer
17 285
-
47 000
-
total
-
-
-
-
Corporate
29 715
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%.

1 486
2 350
-
-
total
1 486
2 350
-
-
Dividends
28 229
44 650
-
-
social contributions
3 896
6 161
-
-
withholding
4 234
6 697
-
-
health
1 971
3 117
-
-
total
10 101
15 975
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 062
18 325
16 529
16 817
After tax
28 938
28 675
30 471
30 183
Living cost
10 810
10 810
10 810
10 810
Free-cash
18 128
17 865
19 661
19 373

Estimated living cost  is ₴10810 per week

₴7234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴667
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3133
₴8451
₴6160
₴7663
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 596
income
-
-
-
7 170
chamber of commerce
-
-
-
188
pensions
-
-
-
8 695
surtax
-
-
-
101
unemployment
-
-
-
3 127
total
-
-
-
22 877
Employee
25 477
20 316
36 418
-
income
2 900
1 499
6 373
-
other
254
203
364
-
pensions
2 609
2 080
3 729
-
health
986
787
1 410
-
unemployment
764
609
1 092
-
total
7 513
5 178
12 968
-
Employer
25 477
20 316
36 418
-
other
1 210
965
1 730
-
unemployment
764
609
1 092
-
health
963
768
1 377
-
surtax
101
101
101
-
accident
331
264
473
-
pensions
3 197
2 550
4 570
-
payroll
764
609
1 092
-
chamber of commerce
102
81
146
-
total
7 432
5 947
10 581
-
Corporate
14 091
20 737
34 485
-
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.

3 523
5 184
8 621
-
total
3 523
5 184
8 621
-
Dividends
10 568
15 552
-
-
withholding
2 906
4 277
-
-
total
2 906
4 277
-
-
Income
47 000
47 000
47 000
47 000
Total tax
21 374
20 586
32 170
22 877
After tax
25 626
26 414
14 830
24 123
Living cost
17 963
17 963
17 963
17 963
Free-cash
7 663
8 451
-3 133
6 160

Estimated living cost  is ₴17963 per week

₴11980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4155
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴27
₴7786
₴3973
-₴80
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 117
communal

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

-
-
-
2 393
national
-
-
-
14 929
total
-
-
-
24 439
Employee

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

36 465
-
36 403
-
national
11 211
-
11 186
-
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.

2 735
-
2 730
-
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.

1 713
-
1 711
-
communal

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

1 902
-
1 899
-
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.

317
-
316
-
total
17 878
-
17 842
-
Employer

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

36 465
-
36 403
-
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.

532
-
531
-
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.

2 242
-
2 239
-
surtax
4 135
-
4 129
-
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.

474
-
473
-
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.

3 231
-
3 225
-
total
10 614
-
10 597
-
Corporate
-
47 000
-
-
surtax
-
188
-
-
income
-
9 400
-
-
total
-
9 588
-
-
Dividends
-
37 412
-
-
withholding

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

-
11 038
-
-
total
-
11 038
-
-
Income
47 000
47 000
47 000
47 000
Total tax
28 492
20 626
28 439
24 439
After tax
18 508
26 374
18 561
22 561
Living cost
18 588
18 588
18 588
18 588
Free-cash
-80
7 786
-27
3 973

Estimated living cost  is ₴18588 per week

₴11973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6727
₴13266
₴6394
₴9204
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
47
accident
-
-
-
423
income
-
-
-
8 095
pensions
-
-
-
13 301
unemployment
-
-
-
329
total
-
-
-
22 195
Employee
25 376
-
35 639
-
income
5 354
-
8 238
-
other
25
-
36
-
pensions
1 193
-
1 675
-
unemployment
394
-
552
-
total
6 966
-
10 501
-
Employer
25 376
-
35 639
-
other
202
-
285
-
unemployment
1 396
-
1 960
-
accident
502
-
705
-
pensions
5 988
-
8 411
-
total
8 088
-
11 361
-
Corporate
13 535
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.

2 031
7 050
-
-
total
2 031
7 050
-
-
Dividends
11 505
39 950
-
-
withholding
2 300
8 273
-
-
total
2 300
8 273
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 385
15 323
21 862
22 195
After tax
27 615
31 677
25 138
24 805
Living cost
18 411
18 411
18 411
18 411
Free-cash
9 204
13 266
6 727
6 394

Estimated living cost  is ₴18411 per week

₴13557
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1306
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3281
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1887
₴1180
-₴335
-₴2103
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 303
accident
-
-
-
397
income
-
-
-
3 586
pensions
-
-
-
7 045
communal
-
-
-
2 970
surtax
-
-
-
2 330
total
-
-
-
19 631
Employee
38 606
-
41 983
-
surtax
2 366
-
2 573
-
income
3 729
-
4 592
-
pensions
3 088
-
3 359
-
health
1 718
-
1 868
-
total
10 901
-
12 392
-
Employer
38 606
-
41 983
-
health
1 177
-
1 280
-
accident
347
-
378
-
pensions
3 088
-
3 359
-
total
4 612
-
5 017
-
Corporate
3 782
47 000
-
-
surtax
40
493
-
-
income
567
7 050
-
-
communal
-
3 172
-
-
total
607
10 715
-
-
Dividends
3 175
36 285
-
-
income
4 803
1 958
-
-
withholding
476
5 443
-
-
total
5 279
7 401
-
-
Income
47 000
47 000
47 000
47 000
Total tax
21 399
18 116
17 409
19 631
After tax
25 601
28 884
29 591
27 369
Living cost
27 704
27 704
27 704
27 704
Free-cash
-2 103
1 180
1 887
-335

Estimated living cost  is ₴27704 per week

₴20782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1678
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.
₴4949
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12232
₴18113
₴13138
₴16492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
-
health
-
-
-
3 338
income
-
-
-
8 571
pensions
-
-
-
9 400
surtax
-
-
-
987
unemployment
-
-
-
116
total
-
-
-
22 412
Employee
17 168
-
38 827
-
surtax
61
-
883
-
income
2 878
-
7 978
-
other
-
-
-
-
pensions
1 145
-
2 590
-
health
438
-
991
-
unemployment
1 195
-
2 702
-
total
5 717
-
15 144
-
Employer
17 168
-
38 827
-
other
-
-
-
-
unemployment
545
-
1 231
-
health
781
-
1 767
-
pensions
2 289
-
5 176
-
total
3 615
-
8 174
-
Corporate
26 218
47 000
-
-
income
6 816
12 220
-
-
total
6 816
12 220
-
-
Dividends
19 401
34 780
-
-
withholding
2 910
5 217
-
-
total
2 910
5 217
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 058
17 437
23 318
22 412
After tax
27 942
29 563
23 682
24 588
Living cost
11 450
11 450
11 450
11 450
Free-cash
16 492
18 113
12 232
13 138

Estimated living cost  is ₴11450 per week

₴6913
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴995
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3277
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8260
₴10971
₴10483
₴9838
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
9 706
regional
-
-
-
709
municipal
-
-
-
280
total
-
-
-
22 784
Employee
28 279
-
47 000
-
social contributions
9 536
-
15 848
-
municipal
150
-
250
-
national
4 480
-
8 277
-
regional
381
-
632
-
total
14 547
-
25 007
-
Employer
28 279
-
47 000
-
total
-
-
-
-
Corporate
18 721
47 000
-
-
nationa
4 493
11 280
-
-
municipal
931
2 336
-
-
total
5 424
13 616
-
-
Dividends
13 298
33 384
-
-
withholding
3 458
8 680
-
-
total
3 458
8 680
-
-
Income
47 000
47 000
47 000
47 000
Total tax
23 429
22 296
25 007
22 784
After tax
23 571
24 704
21 993
24 216
Living cost
13 733
13 733
13 733
13 733
Free-cash
9 838
10 971
8 260
10 483

Estimated living cost  is ₴13733 per week

₴8540
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1391
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.
₴3566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8382
₴16892
₴7423
₴11372
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
13 724
health
-
-
-
6 345
income
-
-
-
4 040
solidarity contribution
-
-
-
-
total
-
-
-
24 109
Employee
22 747
-
35 075
-
social contributions
1 479
-
2 280
-
solidarity contribution
-
-
-
-
income
2 730
-
4 209
-
health
3 071
-
4 735
-
total
7 280
-
11 224
-
Employer
22 747
-
35 075
-
health
2 047
-
3 157
-
social contributions
5 687
-
8 769
-
total
7 734
-
11 926
-
Corporate
16 519
47 000
-
-
income
3 139
8 930
-
-
total
3 139
8 930
-
-
Dividends
13 381
38 070
-
-
withholding
2 007
5 710
-
-
total
2 007
5 710
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 160
14 640
23 150
24 109
After tax
26 840
32 360
23 850
22 891
Living cost
15 468
15 468
15 468
15 468
Free-cash
11 372
16 892
8 382
7 423

Estimated living cost  is ₴15468 per week

₴11503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴857
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.
₴2841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1439
₴10205
₴7960
₴9953
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 596
income
-
-
-
7 170
chamber of commerce
-
-
-
188
pensions
-
-
-
8 695
surtax
-
-
-
-
unemployment
-
-
-
3 127
total
-
-
-
22 776
Employee
22 284
20 316
36 496
-
income
1 985
1 499
6 422
-
other
223
203
365
-
pensions
2 282
2 080
3 737
-
health
862
787
1 412
-
unemployment
668
609
1 095
-
total
6 020
5 178
13 031
-
Employer
22 284
20 316
36 496
-
other
1 058
965
1 734
-
unemployment
668
609
1 095
-
health
843
768
1 380
-
surtax
-
-
-
-
accident
289
264
474
-
pensions
2 797
2 550
4 580
-
payroll
668
609
1 095
-
chamber of commerce
89
81
146
-
total
6 412
5 846
10 504
-
Corporate
18 303
20 837
34 562
-
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.

4 576
5 210
8 640
-
total
4 576
5 210
8 640
-
Dividends
13 727
15 628
-
-
withholding
3 775
4 297
-
-
total
3 775
4 297
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 783
20 531
32 175
22 776
After tax
26 217
26 469
14 825
24 224
Living cost
16 264
16 264
16 264
16 264
Free-cash
9 953
10 205
-1 439
7 960

Estimated living cost  is ₴16264 per week

₴9756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1661
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30922
₴37972
₴39852
₴36719
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 348
-
47 000
-
income
1 670
-
9 400
-
total
1 670
-
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%.

38 652
47 000
-
-
total
-
-
-
-
Dividends
38 652
47 000
-
-
withholding
1 933
2 350
-
-
total
1 933
2 350
-
-
Income
47 000
47 000
47 000
47 000
Total tax
3 603
2 350
9 400
470
After tax
43 397
44 650
37 600
46 530
Living cost
6 678
6 678
6 678
6 678
Free-cash
36 719
37 972
30 922
39 852

Estimated living cost  is ₴6678 per week

₴4519
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴280
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.
₴1655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9469
₴18685
₴10817
₴14422
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 625
income
-
-
-
9 230
pensions
-
-
-
8 583
unemployment
-
-
-
71
total
-
-
-
22 509
Employee

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

22 543
-
40 668
-
income
3 887
-
8 536
-
pensions
3 494
-
6 304
-
health
1 456
-
2 628
-
unemployment
32
-
57
-
total
8 869
-
17 525
-
Employer

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

22 543
-
40 668
-
unemployment
14
-
24
-
health
1 501
-
2 709
-
pensions
1 995
-
3 599
-
total
3 510
-
6 332
-
Corporate
20 947
47 000
-
-
income
3 980
8 930
-
-
total
3 980
8 930
-
-
Dividends
16 967
38 070
-
-
withholding
2 545
5 711
-
-
total
2 545
5 711
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 904
14 641
23 857
22 509
After tax
28 096
32 359
23 143
24 491
Living cost
13 674
13 674
13 674
13 674
Free-cash
14 422
18 685
9 469
10 817

Estimated living cost  is ₴13674 per week

₴9384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴876
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16923
₴5546
₴9431
-₴32650
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
33 050
-
-
-
social contributions
2 710
-
386
-
income
7 290
-
-
-
total
10 000
-
386
-
Employer
33 050
-
-
-
social contributions
46 600
-
6 641
-
total
46 600
-
6 641
-
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
56 600
18 405
7 027
14 519
After tax
-9 600
28 595
39 973
32 481
Living cost
23 050
23 050
23 050
23 050
Free-cash
-32 650
5 546
16 923
9 431

Estimated living cost  is ₴23050 per week

₴14955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2168
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8216
₴10743
₴10438
₴10231
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 239
surtax
-
-
-
-
total
-
-
-
20 572
Employee
23 446
-
37 980
-
surtax
-
-
-
-
social contributions
2 579
-
4 177
-
income
4 877
-
9 597
-
total
7 456
-
13 774
-
Employer
23 446
-
37 980
-
social contributions
5 568
-
9 020
-
total
5 568
-
9 020
-
Corporate
17 985
47 000
-
-
surtax
-
-
-
-
income
3 777
9 870
-
-
total
3 777
9 870
-
-
Dividends
14 209
37 130
-
-
withholding
3 978
10 397
-
-
total
3 978
10 397
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 779
20 267
22 794
20 572
After tax
26 221
26 733
24 206
26 428
Living cost
15 990
15 990
15 990
15 990
Free-cash
10 231
10 743
8 216
10 438

Estimated living cost  is ₴15990 per week

₴11964
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴943
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2816
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2333
-₴933
₴2555
₴2570
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
1 458
social contributions
-
-
-
1 340
health
-
-
-
651
income
-
-
-
3 913
pensions
-
-
-
12 461
surtax
-
-
-
-
total
-
-
-
19 823
Employee
31 929
-
35 814
-
surtax
-
-
-
-
social contributions
909
-
1 021
-
income
2 786
-
3 792
-
pensions
3 611
-
4 050
-
total
7 306
-
8 863
-
Employer
31 929
-
35 814
-
other
1 102
-
1 235
-
unemployment
1 293
-
1 450
-
health
2 235
-
2 507
-
pensions
5 246
-
5 883
-
social contributions
96
-
107
-
total
9 972
-
11 182
-
Corporate
5 099
47 000
-
-
surtax
-
-
-
-
income
1 428
13 160
-
-
total
1 428
13 160
-
-
Dividends
3 671
33 840
-
-
social contributions
632
5 820
-
-
surtax
-
-
-
-
withholding
470
4 331
-
-
total
1 102
10 151
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 808
23 311
20 045
19 823
After tax
27 192
23 689
26 955
27 177
Living cost
24 622
24 622
24 622
24 622
Free-cash
2 570
-933
2 333
2 555

Estimated living cost  is ₴24622 per week

₴16664
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴338
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21983
₴26976
₴20664
₴25264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
672
social contributions
-
-
-
10 340
total
-
-
-
11 012
Employee
16 389
-
40 693
-
income
-
-
741
-
social contributions
1 065
-
2 645
-
total
1 065
-
3 386
-
Employer
16 389
-
40 693
-
social contributions
2 540
-
6 307
-
total
2 540
-
6 307
-
Corporate
28 070
47 000
-
-
income
2 807
4 700
-
-
total
2 807
4 700
-
-
Dividends
25 263
42 300
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
6 412
4 700
9 693
11 012
After tax
40 588
42 300
37 307
35 988
Living cost
15 324
15 324
15 324
15 324
Free-cash
25 264
26 976
21 983
20 664

Estimated living cost  is ₴15324 per week

₴9908
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1155
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.
₴3972
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴63933
-₴63933
₴4844
-₴63933
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
labour market
-
-
-
3 725
pensions
-
-
-
441
national
-
-
-
4 925
municipal
-
-
-
8 544
total
-
-
-
17 635
Employee
103 495
103 495
103 495
-
labour market
8 268
8 268
8 268
-
municipal
22 039
22 039
22 039
-
national
12 644
12 644
12 644
-
pensions
147
147
147
-
total
43 098
43 098
43 098
-
Employer
103 495
103 495
103 495
-
national
12 666
12 666
12 666
-
labour market
8 280
8 280
8 280
-
pensions
294
294
294
-
municipal
22 074
22 074
22 074
-
total
43 314
43 314
43 314
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
86 412
86 412
86 412
17 635
After tax
-39 412
-39 412
-39 412
29 365
Living cost
24 521
24 521
24 521
24 521
Free-cash
-63 933
-63 933
-63 933
4 844

Estimated living cost  is ₴24521 per week

₴16782
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴377
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12920
-₴7287
₴21191
₴2106
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
190
health
-
-
-
1 116
accident
-
-
-
129
income
-
-
-
11 150
pensions
-
-
-
2 130
total
-
-
-
14 715
Employee
17 452
-
39 724
-
income
2 394
-
7 258
-
pensions
1 965
-
3 905
-
health
1 998
-
4 548
-
total
6 357
-
15 711
-
Employer
17 452
-
39 724
-
unemployment
428
-
973
-
accident
291
-
663
-
pensions
2 838
-
5 639
-
total
3 557
-
7 275
-
Corporate
25 991
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.

23 392
42 300
-
-
total
23 392
42 300
-
-
Dividends
2 599
4 700
-
-
withholding
494
893
-
-
total
494
893
-
-
Income
47 000
47 000
47 000
47 000
Total tax
33 800
43 193
22 986
14 715
After tax
13 200
3 807
24 014
32 285
Living cost
11 094
11 094
11 094
11 094
Free-cash
2 106
-7 287
12 920
21 191

Estimated living cost  is ₴11094 per week

₴8075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴632
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7555
₴11983
₴14248
₴10463
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
511
national
-
-
-
4 301
municipal
-
-
-
8 368
total
-
-
-
13 180
Employee
26 821
-
39 538
-
municipal
4 393
-
6 458
-
national
443
-
2 295
-
pensions
1 810
-
2 669
-
health
200
-
396
-
unemployment
402
-
593
-
total
7 248
-
12 411
-
Employer
26 821
-
39 538
-
unemployment
174
-
257
-
health
206
-
305
-
accident
27
-
40
-
pensions
4 653
-
6 860
-
total
5 060
-
7 462
-
Corporate
15 118
47 000
-
-
income
3 024
9 400
-
-
total
3 024
9 400
-
-
Dividends

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

9 071
28 200
-
-
national
-
969
-
-
municipal
1 633
5 076
-
-
total
1 633
6 045
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 965
15 445
19 873
13 180
After tax
30 035
31 555
27 127
33 820
Living cost
19 572
19 572
19 572
19 572
Free-cash
10 463
11 983
7 555
14 248

Estimated living cost  is ₴19572 per week

₴12784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22034
₴22623
₴22081
₴19850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 585
total
-
-
-
13 116
Employee
39 200
39 200
42 669
-
social contributions
1 482
3 253
3 542
-
income
4 268
3 629
4 564
-
health
304
667
726
-
total
6 054
7 549
8 832
-
Employer
39 200
39 200
42 669
-
health
330
726
789
-
social contributions
1 482
3 253
3 542
-
total
1 812
3 979
4 331
-
Corporate
27 331
3 821
-
-
income
3 416
478
-
-
total
3 416
478
-
-
Dividends
23 915
3 343
-
-
withholding
4 065
568
-
-
total
4 065
568
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 347
12 574
13 163
13 116
After tax
31 653
34 426
33 837
33 884
Living cost
11 803
11 803
11 803
11 803
Free-cash
19 850
22 623
22 034
22 081

Estimated living cost  is ₴11803 per week

₴7074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1158
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3311
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20908
₴30827
₴29374
₴28233
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 845
income
-
-
-
4 429
pensions
-
-
-
3 243
unemployment
-
-
-
15
total
-
-
-
9 532
Employee

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

11 701
-
42 611
-
income
800
-
3 382
-
pensions
1 755
-
6 392
-
health
995
-
3 622
-
unemployment
58
-
213
-
total
3 608
-
13 609
-
Employer

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

11 701
-
42 611
-
unemployment
58
-
213
-
health
503
-
1 832
-
pensions
643
-
2 344
-
total
1 204
-
4 389
-
Corporate
34 094
47 000
-
-
income
3 069
4 230
-
-
total
3 069
4 230
-
-
Dividends
31 026
42 770
-
-
withholding
2 792
3 849
-
-
total
2 792
3 849
-
-
Income
47 000
47 000
47 000
47 000
Total tax
10 673
8 079
17 998
9 532
After tax
36 327
38 921
29 002
37 468
Living cost
8 094
8 094
8 094
8 094
Free-cash
28 233
30 827
20 908
29 374

Estimated living cost  is ₴8094 per week

₴5164
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴583
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11119
₴17658
₴10786
₴14985
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
47
accident
-
-
-
423
income
-
-
-
8 095
pensions
-
-
-
13 301
unemployment
-
-
-
329
total
-
-
-
22 195
Employee
18 850
-
35 639
-
income
3 634
-
8 238
-
other
18
-
36
-
pensions
886
-
1 675
-
unemployment
292
-
552
-
total
4 830
-
10 501
-
Employer
18 850
-
35 639
-
other
151
-
285
-
unemployment
1 037
-
1 960
-
accident
373
-
705
-
pensions
4 448
-
8 411
-
total
6 009
-
11 361
-
Corporate
22 141
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.

3 321
7 050
-
-
total
3 321
7 050
-
-
Dividends
18 819
39 950
-
-
withholding
3 836
8 273
-
-
total
3 836
8 273
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 996
15 323
21 862
22 195
After tax
29 004
31 677
25 138
24 805
Living cost
14 019
14 019
14 019
14 019
Free-cash
14 985
17 658
11 119
10 786

Estimated living cost  is ₴14019 per week

₴9462
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1348
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.
₴2963
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28973
₴28377
₴29040
₴28222
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
503
income
-
-
-
15 812
pensions
-
-
-
694
total
-
-
-
17 009
Employee
1 449
-
46 219
-
income
280
-
15 775
-
pensions
130
-
312
-
health
72
-
173
-
unemployment
14
-
35
-
total
496
-
16 295
-
Employer
1 449
-
46 219
-
unemployment
29
-
69
-
health
138
-
330
-
pensions
159
-
382
-
total
326
-
781
-
Corporate
45 225
47 000
-
-
income
9 950
10 340
-
-
total
9 950
10 340
-
-
Dividends
35 276
36 660
-
-
withholding
7 055
7 332
-
-
total
7 055
7 332
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 827
17 672
17 076
17 009
After tax
29 173
29 328
29 924
29 991
Living cost
951
951
951
951
Free-cash
28 222
28 377
28 973
29 040

Estimated living cost  is ₴951 per week

₴565
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15600
₴25160
₴15599
₴22659
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 872
income
-
-
-
8 393
pensions
-
-
-
9 775
unemployment
-
-
-
564
total
-
-
-
22 604
Employee

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

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

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

13 266
-
40 271
-
income
1 829
-
8 393
-
pensions
1 857
-
5 263
-
health
683
-
1 936
-
unemployment
99
-
282
-
total
4 468
-
15 874
-
Employer

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

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

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

13 266
-
40 271
-
unemployment
99
-
282
-
health
683
-
1 936
-
pensions
1 592
-
4 511
-
total
2 374
-
6 729
-
Corporate
31 360
47 000
-
-
income
4 704
7 050
-
-
total
4 704
7 050
-
-
Dividends
26 656
39 950
-
-
withholding
3 998
5 993
-
-
total
3 998
5 993
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 544
13 043
22 603
22 604
After tax
31 456
33 957
24 397
24 396
Living cost
8 797
8 797
8 797
8 797
Free-cash
22 659
25 160
15 600
15 599

Estimated living cost  is ₴8797 per week

₴5923
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴680
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1939
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10463
₴12990
₴12685
₴12807
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 239
surtax
-
-
-
-
total
-
-
-
20 572
Employee
19 786
-
37 980
-
surtax
-
-
-
-
social contributions
2 177
-
4 177
-
income
3 866
-
9 597
-
total
6 043
-
13 774
-
Employer
19 786
-
37 980
-
social contributions
4 699
-
9 020
-
total
4 699
-
9 020
-
Corporate
22 515
47 000
-
-
surtax
-
-
-
-
income
4 728
9 870
-
-
total
4 728
9 870
-
-
Dividends
17 788
37 130
-
-
withholding
4 980
10 397
-
-
total
4 980
10 397
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 450
20 267
22 794
20 572
After tax
26 550
26 733
24 206
26 428
Living cost
13 744
13 744
13 744
13 744
Free-cash
12 807
12 990
10 463
12 685

Estimated living cost  is ₴13744 per week

₴9734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴955
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.
₴2811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7222
₴13761
₴6889
₴9873
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
47
accident
-
-
-
423
income
-
-
-
8 095
pensions
-
-
-
13 301
unemployment
-
-
-
329
total
-
-
-
22 195
Employee
24 620
-
35 639
-
income
5 142
-
8 238
-
other
24
-
36
-
pensions
1 157
-
1 675
-
unemployment
381
-
552
-
total
6 704
-
10 501
-
Employer
24 620
-
35 639
-
other
197
-
285
-
unemployment
1 354
-
1 960
-
accident
488
-
705
-
pensions
5 810
-
8 411
-
total
7 849
-
11 361
-
Corporate
14 530
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.

2 180
7 050
-
-
total
2 180
7 050
-
-
Dividends
12 350
39 950
-
-
withholding
2 478
8 273
-
-
total
2 478
8 273
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 211
15 323
21 862
22 195
After tax
27 789
31 677
25 138
24 805
Living cost
17 916
17 916
17 916
17 916
Free-cash
9 873
13 761
7 222
6 889

Estimated living cost  is ₴17916 per week

₴12867
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1393
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3404
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27829
₴31429
₴26447
₴28327
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 045
income
-
-
-
7 050
pensions

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

-
-
-
2 631
unemployment
-
-
-
71
total
-
-
-
11 797
Employee
11 595
-
43 512
-
income
1 160
-
4 351
-
accident

We are using the highest rate at 1.1%.

127
-
196
-
pensions

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

1 018
-
1 561
-
health
533
-
818
-
total
2 838
-
6 926
-
Employer
11 595
-
43 512
-
unemployment
70
-
107
-
health
800
-
1 227
-
accident

We are using the highest rate at 1.1%.

127
-
196
-
pensions

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

1 278
-
1 959
-
total
2 275
-
3 489
-
Corporate
33 130
47 000
-
-
income
3 313
4 700
-
-
total
3 313
4 700
-
-
Dividends
29 817
42 300
-
-
withholding
1 491
2 115
-
-
total
1 491
2 115
-
-
Income
47 000
47 000
47 000
47 000
Total tax
9 917
6 815
10 415
11 797
After tax
37 083
40 185
36 585
35 203
Living cost
8 756
8 756
8 756
8 756
Free-cash
28 327
31 429
27 829
26 447

Estimated living cost  is ₴8756 per week

₴5791
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2255
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14236
₴4578
₴10893
₴11247
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
3 483
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.

-
-
-
9 100
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.

-
-
-
500
trade
-
-
-
3 343
total
-
-
-
16 426
Employee

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

25 365
-
47 000
-
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.

115
-
500
-
income

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

2 086
-
9 100
-
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.

3 483
-
3 483
-
total
5 684
-
13 083
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 635
47 000
-
-
chamber of commerce
109
146
-
-
surtax

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

179
388
-
-
trade
3 104
6 745
-
-
income
3 246
7 050
-
-
total
6 638
14 329
-
-
Dividends
14 997
32 672
-
-
surtax

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

195
438
-
-
withholding
3 555
7 974
-
-
total
3 750
8 412
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 072
22 741
13 083
16 426
After tax
30 928
24 259
33 917
30 574
Living cost
19 682
19 682
19 682
19 682
Free-cash
11 247
4 578
14 236
10 893

Estimated living cost  is ₴19682 per week

₴13577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2118
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.
₴3701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3490
₴3860
₴3490
₴4985
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 374
social contributions
-
-
-
4 096
total
-
-
-
14 470
Employee
39 877
-
47 000
-
income
7 525
-
10 374
-
social contributions
3 313
-
4 096
-
total
10 838
-
14 470
-
Employer
39 877
-
47 000
-
total
-
-
-
-
Corporate
7 123
47 000
-
-
income
890
5 875
-
-
total
890
5 875
-
-
Dividends
6 233
41 125
-
-
withholding
1 247
8 225
-
-
total
1 247
8 225
-
-
Income
47 000
47 000
47 000
47 000
Total tax
12 975
14 100
14 470
14 470
After tax
34 025
32 900
32 530
32 530
Living cost
29 040
29 040
29 040
29 040
Free-cash
4 985
3 860
3 490
3 490

Estimated living cost  is ₴29040 per week

₴22093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2366
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.
₴4303
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15951
₴9352
₴10808
₴11752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 511
health

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

-
-
-
3 176
total
-
-
-
17 687
Employee
23 386
-
44 655
-
income
2 538
-
7 854
-
social contributions
2 343
-
2 345
-
total
4 881
-
10 199
-
Employer
23 386
-
44 655
-
social contributions
2 343
-
2 345
-
total
2 343
-
2 345
-
Corporate
21 271
47 000
-
-
income
7 445
16 450
-
-
total
7 445
16 450
-
-
Dividends
13 826
30 550
-
-
social contributions
2 074
2 693
-
-
total
2 074
2 693
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 743
19 143
12 544
17 687
After tax
30 257
27 857
34 456
29 313
Living cost
18 505
18 505
18 505
18 505
Free-cash
11 752
9 352
15 951
10 808

Estimated living cost  is ₴18505 per week

₴12189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1459
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.
₴4573
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10784
₴16449
₴15747
₴13598
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 100
pensions
-
-
-
3 387
total
-
-
-
12 487
Employee
25 759
-
41 446
-
income
4 691
-
7 388
-
health
336
-
658
-
pensions
1 966
-
3 849
-
total
6 993
-
11 895
-
Employer
25 759
-
41 446
-
health
490
-
788
-
pensions
2 602
-
4 767
-
total
3 092
-
5 555
-
Corporate
18 149
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.

3 448
8 930
-
-
total
3 448
8 930
-
-
Dividends
14 701
38 070
-
-
withholding
1 103
2 855
-
-
total
1 103
2 855
-
-
Income
47 000
47 000
47 000
47 000
Total tax
14 636
11 785
17 450
12 487
After tax
32 364
35 215
29 550
34 513
Living cost
18 766
18 766
18 766
18 766
Free-cash
13 598
16 449
10 784
15 747

Estimated living cost  is ₴18766 per week

₴12873
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1726
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.
₴3931
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴11821
-₴8386
₴20092
₴1937
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
other
-
-
-
190
health
-
-
-
1 116
accident
-
-
-
129
income
-
-
-
11 150
pensions
-
-
-
2 130
total
-
-
-
14 715
Employee
19 180
-
39 724
-
income
2 631
-
7 258
-
pensions
2 160
-
3 905
-
health
2 196
-
4 548
-
total
6 987
-
15 711
-
Employer
19 180
-
39 724
-
unemployment
470
-
973
-
accident
320
-
663
-
pensions
3 118
-
5 639
-
total
3 908
-
7 275
-
Corporate
23 912
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.

21 521
42 300
-
-
total
21 521
42 300
-
-
Dividends
2 391
4 700
-
-
withholding
454
893
-
-
total
454
893
-
-
Income
47 000
47 000
47 000
47 000
Total tax
32 870
43 193
22 986
14 715
After tax
14 130
3 807
24 014
32 285
Living cost
12 193
12 193
12 193
12 193
Free-cash
1 937
-8 386
11 821
20 092

Estimated living cost  is ₴12193 per week

₴8948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
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.
₴2288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21827
₴33074
₴20095
₴30599
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 104
health insurance
-
-
-
3 478
work injury
-
-
-
235
pensions
-
-
-
8 648
unemployment
-
-
-
564
total
-
-
-
20 029
Employee

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

11 001
-
47 000
-
income
1 100
-
7 104
-
work injury
55
-
204
-
health insurance
814
-
3 012
-
pensions
2 024
-
7 489
-
unemployment
132
-
488
-
total
4 125
-
18 297
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 999
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%.

-
-
-
-
total
-
-
-
-
Dividends
35 999
47 000
-
-
withholding
5 400
7 050
-
-
total
5 400
7 050
-
-
Income
47 000
47 000
47 000
47 000
Total tax
9 525
7 050
18 297
20 029
After tax
37 475
39 950
28 703
26 971
Living cost
6 876
6 876
6 876
6 876
Free-cash
30 599
33 074
21 827
20 095

Estimated living cost  is ₴6876 per week

₴4260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴500
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1531
₴4447
₴3680
₴2130
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
9 706
regional
-
-
-
902
municipal
-
-
-
314
total
-
-
-
23 011
Employee
42 958
-
47 000
-
social contributions
14 485
-
15 848
-
municipal
256
-
281
-
national
7 259
-
8 277
-
regional
649
-
754
-
total
22 649
-
25 160
-
Employer
42 958
-
47 000
-
total
-
-
-
-
Corporate
4 042
47 000
-
-
nationa
970
11 280
-
-
municipal
194
2 266
-
-
total
1 164
13 546
-
-
Dividends
2 877
33 454
-
-
withholding
748
8 698
-
-
total
748
8 698
-
-
Income
47 000
47 000
47 000
47 000
Total tax
24 561
22 244
25 160
23 011
After tax
22 439
24 756
21 840
23 989
Living cost
20 309
20 309
20 309
20 309
Free-cash
2 130
4 447
1 531
3 680

Estimated living cost  is ₴20309 per week

₴14266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4339
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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