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
₴8818
₴18789
₴15002
₴14280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
9 372
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.

-
-
-
515
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.

-
-
-
3 372
trade
-
-
-
3 787
total
-
-
-
17 046
Employee

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

18 881
-
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.

29
-
515
-
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.

527
-
9 372
-
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.

3 372
-
3 372
-
total
3 928
-
13 259
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 119
47 000
-
-
income
4 217
7 050
-
-
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.

232
388
-
-
chamber of commerce
115
142
-
-
trade
4 429
7 403
-
-
total
8 993
14 983
-
-
Dividends
19 125
32 017
-
-
surtax

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

253
430
-
-
withholding
4 594
7 817
-
-
total
4 847
8 247
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 768
23 230
13 259
17 046
After tax
29 232
23 770
33 741
29 954
Living cost
14 952
14 952
14 952
14 952
Free-cash
14 280
8 818
18 789
15 002

Estimated living cost  is ₴14952 per week

₴9405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3113
₴2678
₴2308
₴2673
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
505
municipal
-
-
-
4 837
national
-
-
-
7 495
pensions
-
-
-
5 640
total
-
-
-
18 477
Employee
40 639
-
40 631
-
municipal
5 020
-
5 018
-
pensions
1 626
-
1 625
-
national
7 778
-
7 777
-
total
14 424
-
14 420
-
Employer
40 639
-
40 631
-
pensions
3 251
-
3 250
-
social contributions
437
-
437
-
total
3 688
-
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
18 112
17 672
18 107
18 477
After tax
28 888
29 328
28 893
28 523
Living cost
26 215
26 215
26 215
26 215
Free-cash
2 673
3 113
2 678
2 308

Estimated living cost  is ₴26215 per week

₴17818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27330
₴16249
₴14847
₴23280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
6 773
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.

-
-
-
15 110
microenterprise
-
-
-
-
total
-
-
-
21 883
Employee
14 425
-
37 876
-
surtax
-
-
-
-
social contributions

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

1 587
-
4 166
-
income
2 568
-
7 191
-
total
4 155
-
11 357
-
Employer
14 425
-
37 876
-
social contributions

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

3 475
-
9 124
-
surtax
-
-
-
-
total
3 475
-
9 124
-
Corporate
29 101
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%.

5 820
9 400
-
-
total
5 820
9 400
-
-
Dividends

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

23 281
37 600
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
13 450
9 400
20 481
21 883
After tax
33 550
37 600
26 519
25 117
Living cost
10 270
10 270
10 270
10 270
Free-cash
23 280
27 330
16 249
14 847

Estimated living cost  is ₴10270 per week

₴6552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴750
-₴2020
₴6010
-₴2020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 746
health
-
-
-
5 780
pensions
-
-
-
5 784
total
-
-
-
20 310
Employee
42 155
42 155
42 155
-
pensions
7 588
5 784
7 588
-
income

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

6 900
6 900
6 900
-
health
6 470
5 504
6 470
-
total
20 958
18 188
20 958
-
Employer
42 155
42 155
42 155
-
health
2 930
2 930
2 930
-
pensions
2 934
2 934
2 934
-
unemployment
1 518
1 518
1 518
-
total
7 382
7 382
7 382
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
28 340
25 570
28 340
20 310
After tax
18 660
21 430
18 660
26 690
Living cost
20 680
20 680
20 680
20 680
Free-cash
-2 020
750
-2 020
6 010

Estimated living cost  is ₴20680 per week

₴14655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5437
₴4873
₴3747
₴4982
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
89
other
-
-
-
5 151
unemployment
-
-
-
44
health
-
-
-
2 766
municipal
-
-
-
10 186
national
-
-
-
-
pensions
-
-
-
4 792
total
-
-
-
23 028
Employee
28 819
-
35 763
-
municipal
8 594
-
10 665
-
national
-
-
-
-
total
8 594
-
10 665
-
Employer
28 819
-
35 763
-
health
1 772
-
2 199
-
pensions
3 115
-
3 866
-
accident
58
-
72
-
unemployment
761
-
944
-
other
3 349
-
4 156
-
total
9 055
-
11 237
-
Corporate
9 126
47 000
-
-
income
2 008
10 340
-
-
total
2 008
10 340
-
-
Dividends
7 118
36 660
-
-
withholding
2 136
10 998
-
-
total
2 136
10 998
-
-
Income
47 000
47 000
47 000
47 000
Total tax
21 793
21 338
21 902
23 028
After tax
25 207
25 662
25 098
23 972
Living cost
20 225
20 225
20 225
20 225
Free-cash
4 982
5 437
4 873
3 747

Estimated living cost  is ₴20225 per week

₴13404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
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.
₴4529
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4137
₴14348
₴10392
₴11073
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
9 372
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.

-
-
-
515
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.

-
-
-
3 372
trade
-
-
-
3 956
total
-
-
-
17 215
Employee

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

25 034
-
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.

118
-
515
-
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.

2 151
-
9 372
-
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.

3 372
-
3 372
-
total
5 641
-
13 259
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 966
47 000
-
-
income
3 295
7 050
-
-
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.

181
388
-
-
chamber of commerce
106
141
-
-
trade
3 613
7 731
-
-
total
7 195
15 310
-
-
Dividends
14 772
31 689
-
-
surtax

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

193
425
-
-
withholding
3 505
7 735
-
-
total
3 698
8 160
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 534
23 470
13 259
17 215
After tax
30 466
23 530
33 741
29 785
Living cost
19 393
19 393
19 393
19 393
Free-cash
11 073
4 137
14 348
10 392

Estimated living cost  is ₴19393 per week

₴12970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2045
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18407
₴17607
₴17653
₴16357
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 806
social contributions
-
-
-
7 332
health
-
-
-
1 198
total
-
-
-
13 336
Employee
37 959
37 959
42 668
-
social contributions
1 845
3 150
3 541
-
income
3 986
3 514
4 785
-
health
378
645
725
-
total
6 209
7 309
9 051
-
Employer
37 959
37 959
42 668
-
health
411
703
790
-
social contributions
1 845
3 150
3 541
-
total
2 256
3 853
4 331
-
Corporate
22 525
5 188
-
-
income
2 816
648
-
-
total
2 816
648
-
-
Dividends
19 709
4 540
-
-
withholding
3 351
772
-
-
total
3 351
772
-
-
Income
47 000
47 000
47 000
47 000
Total tax
14 632
12 582
13 382
13 336
After tax
32 368
34 418
33 618
33 664
Living cost
16 011
16 011
16 011
16 011
Free-cash
16 357
18 407
17 607
17 653

Estimated living cost  is ₴16011 per week

₴10945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1251
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17431
₴18189
₴23501
₴17617
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 746
unemployment
-
-
-
705
health
-
-
-
3 290
pensions
-
-
-
4 700
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.

13 076
5 204
39 331
-
unemployment
196
78
590
-
pensions
1 308
520
3 933
-
income
1 599
636
4 808
-
health
915
364
2 753
-
total
4 018
1 598
12 084
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 076
5 204
39 331
-
pensions
2 550
1 015
7 669
-
total
2 550
1 015
7 669
-
Corporate
31 374
40 781
-
-
income
2 824
3 670
-
-
total
2 824
3 670
-
-
Dividends
28 551
37 111
-
-
social contributions
5 508
7 177
-
-
withholding
5 425
7 051
-
-
total
10 933
14 228
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 325
20 511
19 753
14 441
After tax
26 675
26 489
27 247
32 559
Living cost
9 058
9 058
9 058
9 058
Free-cash
17 617
17 431
18 189
23 501

Estimated living cost  is ₴9058 per week

₴6182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴25677
₴15167
₴13269
₴22610
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 298
health
-
-
-
6 110
pensions
-
-
-
9 400
total
-
-
-
21 808
Employee
14 004
-
35 126
-
unemployment
224
-
562
-
pensions
280
-
703
-
income
1 577
-
6 772
-
total
2 081
-
8 037
-
Employer
14 004
-
35 126
-
health
1 820
-
4 567
-
pensions
2 801
-
7 025
-
unemployment
112
-
281
-
total
4 733
-
11 873
-
Corporate
28 262
47 000
-
-
income
5 653
9 400
-
-
total
5 653
9 400
-
-
Dividends
22 610
37 600
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
12 467
9 400
19 910
21 808
After tax
34 533
37 600
27 090
25 192
Living cost
11 923
11 923
11 923
11 923
Free-cash
22 610
25 677
15 167
13 269

Estimated living cost  is ₴11923 per week

₴8178
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.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7188
₴13093
₴21283
₴2121
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
126
income
-
-
-
11 242
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
14 722
Employee
17 295
-
39 852
-
pensions
1 947
-
3 813
-
income
2 373
-
7 388
-
health
1 980
-
4 563
-
total
6 300
-
15 764
-
Employer
17 295
-
39 852
-
pensions
2 812
-
5 506
-
accident
289
-
666
-
unemployment
424
-
976
-
total
3 525
-
7 148
-
Corporate
26 180
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.

23 562
42 300
-
-
total
23 562
42 300
-
-
Dividends
2 618
4 700
-
-
withholding
497
893
-
-
total
497
893
-
-
Income
47 000
47 000
47 000
47 000
Total tax
33 884
43 193
22 912
14 722
After tax
13 116
3 807
24 088
32 278
Living cost
10 995
10 995
10 995
10 995
Free-cash
2 121
-7 188
13 093
21 283

Estimated living cost  is ₴10995 per week

₴8058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Gdansk model

Close
Batumi , Georgia
₴40655
₴33605
₴42535
₴39906
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 994
-
47 000
-
income
999
-
9 400
-
total
999
-
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%.

42 006
47 000
-
-
total
-
-
-
-
Dividends
42 006
47 000
-
-
withholding
2 100
2 350
-
-
total
2 100
2 350
-
-
Income
47 000
47 000
47 000
47 000
Total tax
3 099
2 350
9 400
470
After tax
43 901
44 650
37 600
46 530
Living cost
3 995
3 995
3 995
3 995
Free-cash
39 906
40 655
33 605
42 535

Estimated living cost  is ₴3995 per week

₴2476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21377
₴14394
₴12297
₴18044
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 969
other
-
-
-
2 232
health
-
-
-
2 068
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
-
-
-
21 549
Employee
17 924
-
37 540
-
unemployment
179
-
376
-
pensions

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

1 254
-
2 628
-
income
3 086
-
6 462
-
health
251
-
526
-
total
4 770
-
9 992
-
Employer
17 924
-
37 540
-
health
251
-
526
-
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.

3 047
-
6 381
-
accident
143
-
301
-
unemployment
179
-
376
-
other
897
-
1 876
-
total
4 517
-
9 460
-
Corporate
24 559
47 000
-
-
income
5 157
9 870
-
-
total
5 157
9 870
-
-
Dividends
19 402
37 130
-
-
withholding
1 358
2 599
-
-
total
1 358
2 599
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 802
12 469
19 452
21 549
After tax
31 198
34 531
27 548
25 451
Living cost
13 154
13 154
13 154
13 154
Free-cash
18 044
21 377
14 394
12 297

Estimated living cost  is ₴13154 per week

₴9294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴2202
-₴3309
₴1443
-₴5793
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 331
pensions
-
-
-
3 410
total
-
-
-
12 741
Employee
46 430
-
41 422
-
pensions
4 479
-
3 878
-
income
8 369
-
7 376
-
health
765
-
662
-
total
13 613
-
11 916
-
Employer
46 430
-
41 422
-
health
882
-
787
-
pensions
5 482
-
4 790
-
total
6 364
-
5 577
-
Corporate
-
47 000
-
-
income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

-
8 930
-
-
total
-
8 930
-
-
Dividends
-
38 070
-
-
withholding
-
3 052
-
-
total
-
3 052
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 977
11 982
17 493
12 741
After tax
27 023
35 018
29 507
34 259
Living cost
32 816
32 816
32 816
32 816
Free-cash
-5 793
2 202
-3 309
1 443

Estimated living cost  is ₴32816 per week

₴24590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
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.
₴4104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴33704
₴30270
₴28859
₴31408
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 050
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
11 660
Employee
8 582
-
43 612
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

754
-
1 516
-
income
858
-
4 361
-
health
395
-
794
-
total
2 101
-
6 861
-
Employer
8 582
-
43 612
-
health
592
-
1 191
-
pensions

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

946
-
1 903
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 683
-
3 388
-
Corporate
36 734
47 000
-
-
income
3 674
4 700
-
-
total
3 674
4 700
-
-
Dividends
33 061
42 300
-
-
withholding
1 653
2 115
-
-
total
1 653
2 115
-
-
Income
47 000
47 000
47 000
47 000
Total tax
9 111
6 815
10 249
11 660
After tax
37 889
40 185
36 751
35 340
Living cost
6 481
6 481
6 481
6 481
Free-cash
31 408
33 704
30 270
28 859

Estimated living cost  is ₴6481 per week

₴3784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴5943
-₴8713
-₴683
-₴6780
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 746
health
-
-
-
5 780
pensions
-
-
-
5 784
total
-
-
-
20 310
Employee
45 767
42 155
42 155
-
pensions
5 784
5 784
7 588
-
income

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

6 900
6 900
6 900
-
health
5 710
5 504
6 470
-
total
18 394
18 188
20 958
-
Employer
45 767
42 155
42 155
-
health
3 180
2 930
2 930
-
pensions
3 185
2 934
2 934
-
unemployment
1 648
1 518
1 518
-
total
8 013
7 382
7 382
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
26 407
25 570
28 340
20 310
After tax
20 593
21 430
18 660
26 690
Living cost
27 373
27 373
27 373
27 373
Free-cash
-6 780
-5 943
-8 713
-683

Estimated living cost  is ₴27373 per week

₴20192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2445
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20093
₴11583
₴10624
₴15716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 040
social contributions
-
-
-
13 724
solidarity contribution
-
-
-
-
health
-
-
-
6 345
total
-
-
-
24 109
Employee
18 040
-
35 075
-
solidarity contribution
-
-
-
-
social contributions
1 173
-
2 280
-
income
2 165
-
4 209
-
health
2 435
-
4 735
-
total
5 773
-
11 224
-
Employer
18 040
-
35 075
-
health
1 624
-
3 157
-
social contributions
4 510
-
8 769
-
total
6 134
-
11 926
-
Corporate
22 826
47 000
-
-
income
4 337
8 930
-
-
total
4 337
8 930
-
-
Dividends
18 489
38 070
-
-
withholding
2 773
5 710
-
-
total
2 773
5 710
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 017
14 640
23 150
24 109
After tax
27 983
32 360
23 850
22 891
Living cost
12 267
12 267
12 267
12 267
Free-cash
15 716
20 093
11 583
10 624

Estimated living cost  is ₴12267 per week

₴8521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
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.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4247
₴1232
₴3470
₴1670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 088
regional
-
-
-
514
municipal
-
-
-
279
national
-
-
-
9 819
total
-
-
-
22 700
Employee
43 872
-
47 000
-
municipal
232
-
249
-
national
7 602
-
8 390
-
regional
414
-
450
-
social contributions
14 794
-
15 849
-
total
23 042
-
24 938
-
Employer
43 872
-
47 000
-
total
-
-
-
-
Corporate
3 128
47 000
-
-
municipal
122
1 833
-
-
nationa
750
11 280
-
-
total
872
13 113
-
-
Dividends
2 256
33 887
-
-
withholding
586
8 810
-
-
total
586
8 810
-
-
Income
47 000
47 000
47 000
47 000
Total tax
24 500
21 923
24 938
22 700
After tax
22 500
25 077
22 062
24 300
Living cost
20 830
20 830
20 830
20 830
Free-cash
1 670
4 247
1 232
3 470

Estimated living cost  is ₴20830 per week

₴14520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18670
₴12622
₴13529
₴17134
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 702
other
-
-
-
-
surtax
-
-
-
1 027
unemployment
-
-
-
112
health
-
-
-
3 337
pensions
-
-
-
9 400
total
-
-
-
22 578
Employee
16 325
-
38 827
-
other
-
-
-
-
unemployment
1 136
-
2 703
-
pensions
1 089
-
2 589
-
surtax
53
-
922
-
income
2 736
-
8 107
-
health
417
-
990
-
total
5 431
-
15 311
-
Employer
16 325
-
38 827
-
health
743
-
1 767
-
pensions
2 176
-
5 176
-
unemployment
517
-
1 231
-
other
-
-
-
-
total
3 436
-
8 174
-
Corporate
27 239
47 000
-
-
income
7 082
12 220
-
-
total
7 082
12 220
-
-
Dividends
20 157
34 780
-
-
withholding
3 024
5 217
-
-
total
3 024
5 217
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 973
17 437
23 485
22 578
After tax
28 027
29 563
23 515
24 422
Living cost
10 893
10 893
10 893
10 893
Free-cash
17 134
18 670
12 622
13 529

Estimated living cost  is ₴10893 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12599
₴7088
₴11840
₴8935
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 331
pensions
-
-
-
3 410
total
-
-
-
12 741
Employee
31 116
-
41 422
-
pensions
2 641
-
3 878
-
income
5 604
-
7 376
-
health
452
-
662
-
total
8 697
-
11 916
-
Employer
31 116
-
41 422
-
health
591
-
787
-
pensions
3 368
-
4 790
-
total
3 959
-
5 577
-
Corporate
11 924
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.

2 266
8 930
-
-
total
2 266
8 930
-
-
Dividends
9 658
38 070
-
-
withholding
724
3 052
-
-
total
724
3 052
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 646
11 982
17 493
12 741
After tax
31 354
35 018
29 507
34 259
Living cost
22 419
22 419
22 419
22 419
Free-cash
8 935
12 599
7 088
11 840

Estimated living cost  is ₴22419 per week

₴16796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1680
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴17649
-₴2177
₴236
-₴3170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 515
health
-
-
-
128
city
-
-
-
496
national
-
-
-
219
pensions
-
-
-
4 325
total
-
-
-
7 623
Employee
45 805
-
42 067
-
unemployment
-
-
-
-
pensions
3 848
-
3 535
-
national
217
-
187
-
regional
1 500
-
1 298
-
city
492
-
452
-
health
104
-
94
-
total
6 161
-
5 566
-
Employer
45 805
-
42 067
-
health
104
-
94
-
pensions
3 848
-
3 535
-
unemployment
-
-
-
-
other

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

916
-
841
-
total
4 868
-
4 470
-
Corporate
-
47 000
-
-
regional
-
9 940
-
-
national
-
3 995
-
-
total
-
13 935
-
-
Dividends
-
33 065
-
-
withholding
-
11 573
-
-
total
-
11 573
-
-
Income
47 000
47 000
47 000
47 000
Total tax
11 029
25 508
10 036
7 623
After tax
35 971
21 492
36 964
39 377
Living cost
39 141
39 141
39 141
39 141
Free-cash
-3 170
-17 649
-2 177
236

Estimated living cost  is ₴39141 per week

₴25453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴673
₴11127
₴7002
₴8679
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
9 372
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.

-
-
-
515
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.

-
-
-
3 372
trade
-
-
-
4 125
total
-
-
-
17 384
Employee

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

29 667
-
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.

192
-
515
-
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.

3 489
-
9 372
-
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.

3 372
-
3 372
-
total
7 053
-
13 259
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
17 333
47 000
-
-
income
2 600
7 050
-
-
surtax

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

143
388
-
-
chamber of commerce
99
141
-
-
trade
2 972
8 060
-
-
total
5 814
15 639
-
-
Dividends
11 518
31 360
-
-
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.

148
421
-
-
withholding
2 692
7 653
-
-
total
2 840
8 074
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 707
23 713
13 259
17 384
After tax
31 293
23 287
33 741
29 616
Living cost
22 614
22 614
22 614
22 614
Free-cash
8 679
673
11 127
7 002

Estimated living cost  is ₴22614 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
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.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6799
₴9888
₴10243
₴9715
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 142
other
-
-
-
1 458
surtax
-
-
-
-
social contributions
-
-
-
1 339
health
-
-
-
740
pensions
-
-
-
12 189
total
-
-
-
19 868
Employee
21 127
-
35 815
-
pensions
2 389
-
4 051
-
surtax
-
-
-
-
social contributions
602
-
1 020
-
income
1 247
-
3 966
-
total
4 238
-
9 037
-
Employer
21 127
-
35 815
-
health
1 479
-
2 507
-
pensions
3 471
-
5 885
-
unemployment
855
-
1 450
-
social contributions
64
-
108
-
other
729
-
1 236
-
total
6 598
-
11 186
-
Corporate
19 275
47 000
-
-
income
5 397
13 160
-
-
surtax
-
-
-
-
total
5 397
13 160
-
-
Dividends
13 878
33 840
-
-
surtax
-
-
-
-
social contributions
2 387
5 820
-
-
withholding
1 776
4 332
-
-
total
4 163
10 152
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 396
23 312
20 223
19 868
After tax
26 604
23 688
26 777
27 132
Living cost
16 889
16 889
16 889
16 889
Free-cash
9 715
6 799
9 888
10 243

Estimated living cost  is ₴16889 per week

₴10649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8472
₴11561
₴11916
₴11214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 142
other
-
-
-
1 458
surtax
-
-
-
-
social contributions
-
-
-
1 339
health
-
-
-
740
pensions
-
-
-
12 189
total
-
-
-
19 868
Employee
18 859
-
35 815
-
pensions
2 133
-
4 051
-
surtax
-
-
-
-
social contributions
538
-
1 020
-
income
972
-
3 966
-
total
3 643
-
9 037
-
Employer
18 859
-
35 815
-
health
1 320
-
2 507
-
pensions
3 099
-
5 885
-
unemployment
763
-
1 450
-
social contributions
56
-
108
-
other
651
-
1 236
-
total
5 889
-
11 186
-
Corporate
22 251
47 000
-
-
income
6 231
13 160
-
-
surtax
-
-
-
-
total
6 231
13 160
-
-
Dividends
16 021
33 840
-
-
surtax
-
-
-
-
social contributions
2 756
5 820
-
-
withholding
2 051
4 332
-
-
total
4 807
10 152
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 570
23 312
20 223
19 868
After tax
26 430
23 688
26 777
27 132
Living cost
15 216
15 216
15 216
15 216
Free-cash
11 214
8 472
11 561
11 916

Estimated living cost  is ₴15216 per week

₴8825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

Source of data for Marseille model

Close
Vilnius , Lithuania
₴18207
₴19920
₴19715
₴18463
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 050
social contributions
-
-
-
6 486
health
-
-
-
3 281
total
-
-
-
16 817
Employee
16 738
-
47 000
-
social contributions
2 310
-
6 486
-
income
2 792
-
6 845
-
health
1 168
-
3 281
-
total
6 270
-
16 612
-
Employer
16 738
-
47 000
-
total
-
-
-
-
Corporate
30 262
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%.

1 513
2 350
-
-
total
1 513
2 350
-
-
Dividends
28 750
44 650
-
-
social contributions
3 967
6 161
-
-
withholding
4 312
6 697
-
-
health
2 007
3 117
-
-
total
10 286
15 975
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 069
18 325
16 612
16 817
After tax
28 931
28 675
30 388
30 183
Living cost
10 468
10 468
10 468
10 468
Free-cash
18 463
18 207
19 920
19 715

Estimated living cost  is ₴10468 per week

₴7005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
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.
₴2575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8992
-₴2828
₴6599
₴8230
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 404
surtax
-
-
-
97
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
188
health
-
-
-
3 595
pensions
-
-
-
8 695
total
-
-
-
23 007
Employee
24 670
19 673
36 422
-
other
246
197
364
-
unemployment
740
590
1 092
-
pensions
2 527
2 014
3 729
-
income
2 808
1 451
6 625
-
health
955
762
1 410
-
total
7 276
5 014
13 220
-
Employer
24 670
19 673
36 422
-
chamber of commerce
98
79
146
-
health
932
744
1 377
-
pensions
3 096
2 469
4 571
-
accident
320
256
473
-
unemployment
740
590
1 092
-
surtax
97
97
97
-
payroll
740
590
1 092
-
other
1 172
934
1 729
-
total
7 195
5 759
10 577
-
Corporate
15 133
21 568
34 548
-
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.

3 784
5 392
8 637
-
total
3 784
5 392
8 637
-
Dividends
11 350
16 176
-
-
withholding
3 121
4 449
-
-
total
3 121
4 449
-
-
Income
47 000
47 000
47 000
47 000
Total tax
21 376
20 614
32 434
23 007
After tax
25 624
26 386
14 566
23 993
Living cost
17 394
17 394
17 394
17 394
Free-cash
8 230
8 992
-2 828
6 599

Estimated living cost  is ₴17394 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8369
₴464
₴4364
₴966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
2 388
social contributions
-
-
-
7 204
national
-
-
-
15 045
total
-
-
-
24 637
Employee

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

35 311
-
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.

307
-
317
-
communal

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

1 842
-
1 899
-
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.

2 648
-
2 730
-
national
10 856
-
11 283
-
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.

1 659
-
1 712
-
total
17 312
-
17 941
-
Employer

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

35 311
-
36 403
-
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.

2 171
-
2 239
-
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.

3 129
-
3 225
-
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.

459
-
474
-
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.

515
-
531
-
surtax
4 004
-
4 127
-
total
10 278
-
10 596
-
Corporate
1 411
47 000
-
-
income
282
9 400
-
-
surtax
6
188
-
-
total
288
9 588
-
-
Dividends
1 123
37 412
-
-
withholding

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

157
11 044
-
-
total
157
11 044
-
-
Income
47 000
47 000
47 000
47 000
Total tax
28 035
20 632
28 537
24 637
After tax
18 965
26 368
18 463
22 363
Living cost
17 999
17 999
17 999
17 999
Free-cash
966
8 369
464
4 364

Estimated living cost  is ₴17999 per week

₴11594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13845
₴7225
₴7162
₴9912
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
412
income
-
-
-
8 284
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
22 010
Employee
24 573
-
35 640
-
other
24
-
36
-
unemployment
381
-
553
-
pensions
1 155
-
1 675
-
income
5 185
-
8 323
-
total
6 745
-
10 587
-
Employer
24 573
-
35 640
-
pensions
5 799
-
8 410
-
accident
486
-
705
-
unemployment
1 352
-
1 960
-
other
196
-
285
-
total
7 833
-
11 360
-
Corporate
14 595
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.

2 189
7 050
-
-
total
2 189
7 050
-
-
Dividends
12 406
39 950
-
-
withholding
2 493
8 277
-
-
total
2 493
8 277
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 260
15 327
21 947
22 010
After tax
27 740
31 673
25 053
24 990
Living cost
17 828
17 828
17 828
17 828
Free-cash
9 912
13 845
7 225
7 162

Estimated living cost  is ₴17828 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2007
₴2540
₴362
-₴1235
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
2 971
accident
-
-
-
396
income
-
-
-
3 767
surtax
-
-
-
2 330
health
-
-
-
3 302
pensions
-
-
-
7 045
total
-
-
-
19 811
Employee
37 383
-
41 983
-
pensions
2 990
-
3 358
-
surtax
2 291
-
2 573
-
income
3 611
-
4 817
-
health
1 664
-
1 868
-
total
10 556
-
12 616
-
Employer
37 383
-
41 983
-
health
1 140
-
1 281
-
pensions
2 990
-
3 358
-
accident
336
-
378
-
total
4 466
-
5 017
-
Corporate
5 150
47 000
-
-
communal
-
3 173
-
-
income
773
7 050
-
-
surtax
54
494
-
-
total
827
10 717
-
-
Dividends
4 323
36 283
-
-
income
4 911
2 006
-
-
withholding
648
5 443
-
-
total
5 559
7 449
-
-
Income
47 000
47 000
47 000
47 000
Total tax
21 408
18 166
17 633
19 811
After tax
25 592
28 834
29 367
27 189
Living cost
26 827
26 827
26 827
26 827
Free-cash
-1 235
2 007
2 540
362

Estimated living cost  is ₴26827 per week

₴20124
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.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18475
₴12427
₴13334
₴16905
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 702
other
-
-
-
-
surtax
-
-
-
1 027
unemployment
-
-
-
112
health
-
-
-
3 337
pensions
-
-
-
9 400
total
-
-
-
22 578
Employee
16 624
-
38 827
-
other
-
-
-
-
unemployment
1 157
-
2 703
-
pensions
1 109
-
2 589
-
surtax
59
-
922
-
income
2 787
-
8 107
-
health
424
-
990
-
total
5 536
-
15 311
-
Employer
16 624
-
38 827
-
health
756
-
1 767
-
pensions
2 216
-
5 176
-
unemployment
527
-
1 231
-
other
-
-
-
-
total
3 499
-
8 174
-
Corporate
26 876
47 000
-
-
income
6 988
12 220
-
-
total
6 988
12 220
-
-
Dividends
19 888
34 780
-
-
withholding
2 984
5 217
-
-
total
2 984
5 217
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 007
17 437
23 485
22 578
After tax
27 993
29 563
23 515
24 422
Living cost
11 088
11 088
11 088
11 088
Free-cash
16 905
18 475
12 427
13 334

Estimated living cost  is ₴11088 per week

₴6694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11407
₴8581
₴10807
₴10310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 088
regional
-
-
-
709
municipal
-
-
-
279
national
-
-
-
9 819
total
-
-
-
22 895
Employee
27 383
-
47 000
-
municipal
145
-
249
-
national
4 338
-
8 390
-
regional
369
-
633
-
social contributions
9 234
-
15 849
-
total
14 086
-
25 121
-
Employer
27 383
-
47 000
-
total
-
-
-
-
Corporate
19 617
47 000
-
-
municipal
975
2 336
-
-
nationa
4 708
11 280
-
-
total
5 683
13 616
-
-
Dividends
13 933
33 384
-
-
withholding
3 623
8 679
-
-
total
3 623
8 679
-
-
Income
47 000
47 000
47 000
47 000
Total tax
23 392
22 295
25 121
22 895
After tax
23 608
24 705
21 879
24 105
Living cost
13 298
13 298
13 298
13 298
Free-cash
10 310
11 407
8 581
10 807

Estimated living cost  is ₴13298 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17244
₴8734
₴7775
₴11850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 040
social contributions
-
-
-
13 724
solidarity contribution
-
-
-
-
health
-
-
-
6 345
total
-
-
-
24 109
Employee
22 230
-
35 075
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
2 280
-
income
2 668
-
4 209
-
health
3 001
-
4 735
-
total
7 114
-
11 224
-
Employer
22 230
-
35 075
-
health
2 001
-
3 157
-
social contributions
5 558
-
8 769
-
total
7 559
-
11 926
-
Corporate
17 212
47 000
-
-
income
3 270
8 930
-
-
total
3 270
8 930
-
-
Dividends
13 942
38 070
-
-
withholding
2 091
5 710
-
-
total
2 091
5 710
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 034
14 640
23 150
24 109
After tax
26 966
32 360
23 850
22 891
Living cost
15 116
15 116
15 116
15 116
Free-cash
11 850
17 244
8 734
7 775

Estimated living cost  is ₴15116 per week

₴11242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10690
-₴1168
₴8341
₴10447
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 404
surtax
-
-
-
-
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
188
health
-
-
-
3 595
pensions
-
-
-
8 695
total
-
-
-
22 910
Employee
21 579
19 673
36 497
-
other
215
197
365
-
unemployment
647
590
1 095
-
pensions
2 210
2 014
3 737
-
income
1 922
1 451
6 650
-
health
835
762
1 413
-
total
5 829
5 014
13 260
-
Employer
21 579
19 673
36 497
-
chamber of commerce
86
79
146
-
health
816
744
1 380
-
pensions
2 708
2 469
4 580
-
accident
280
256
474
-
unemployment
647
590
1 095
-
surtax
-
-
-
-
payroll
647
590
1 095
-
other
1 025
934
1 733
-
total
6 209
5 662
10 503
-
Corporate
19 211
21 665
34 623
-
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.

4 803
5 417
8 656
-
total
4 803
5 417
8 656
-
Dividends
14 408
16 249
-
-
withholding
3 963
4 468
-
-
total
3 963
4 468
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 804
20 561
32 419
22 910
After tax
26 196
26 439
14 581
24 090
Living cost
15 749
15 749
15 749
15 749
Free-cash
10 447
10 690
-1 168
8 341

Estimated living cost  is ₴15749 per week

₴9448
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38424
₴31374
₴40304
₴37256
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
47 000
microenterprise

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

-
-
-
470
total
-
-
-
470
Employee
7 782
-
47 000
-
income
1 557
-
9 400
-
total
1 557
-
9 400
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

39 218
47 000
-
-
total
-
-
-
-
Dividends
39 218
47 000
-
-
withholding
1 961
2 350
-
-
total
1 961
2 350
-
-
Income
47 000
47 000
47 000
47 000
Total tax
3 518
2 350
9 400
470
After tax
43 482
44 650
37 600
46 530
Living cost
6 226
6 226
6 226
6 226
Free-cash
37 256
38 424
31 374
40 304

Estimated living cost  is ₴6226 per week

₴4213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
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.
₴1542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19118
₴9833
₴11179
₴14989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
9 301
unemployment
-
-
-
70
health
-
-
-
4 625
pensions
-
-
-
8 584
total
-
-
-
22 580
Employee

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

21 829
-
40 668
-
unemployment
31
-
57
-
pensions
3 384
-
6 304
-
income
3 764
-
8 607
-
health
1 410
-
2 627
-
total
8 589
-
17 595
-
Employer

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

21 829
-
40 668
-
health
1 454
-
2 708
-
pensions
1 932
-
3 599
-
unemployment
13
-
24
-
total
3 399
-
6 331
-
Corporate
21 772
47 000
-
-
income
4 137
8 930
-
-
total
4 137
8 930
-
-
Dividends
17 635
38 070
-
-
withholding
2 645
5 711
-
-
total
2 645
5 711
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 770
14 641
23 926
22 580
After tax
28 230
32 359
23 074
24 420
Living cost
13 241
13 241
13 241
13 241
Free-cash
14 989
19 118
9 833
11 179

Estimated living cost  is ₴13241 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6997
₴18817
₴10883
-₴27633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 161
social contributions
-
-
-
5 358
total
-
-
-
14 519
Employee
30 968
-
-
-
social contributions
2 539
-
362
-
income
6 831
-
-
-
total
9 370
-
362
-
Employer
30 968
-
-
-
social contributions
43 665
-
6 223
-
total
43 665
-
6 223
-
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
53 035
18 405
6 585
14 519
After tax
-6 035
28 595
40 415
32 481
Living cost
21 598
21 598
21 598
21 598
Free-cash
-27 633
6 997
18 817
10 883

Estimated living cost  is ₴21598 per week

₴14014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
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.
₴5278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11250
₴8630
₴10907
₴10753
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
4 276
surtax
-
-
-
-
social contributions

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

-
-
-
16 333
total
-
-
-
20 609
Employee
22 704
-
37 980
-
surtax
-
-
-
-
social contributions
2 497
-
4 178
-
income
4 722
-
9 688
-
total
7 219
-
13 866
-
Employer
22 704
-
37 980
-
social contributions
5 392
-
9 020
-
total
5 392
-
9 020
-
Corporate
18 904
47 000
-
-
income
3 970
9 870
-
-
surtax
-
-
-
-
total
3 970
9 870
-
-
Dividends
14 934
37 130
-
-
withholding
4 182
10 396
-
-
total
4 182
10 396
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 763
20 266
22 886
20 609
After tax
26 237
26 734
24 114
26 391
Living cost
15 484
15 484
15 484
15 484
Free-cash
10 753
11 250
8 630
10 907

Estimated living cost  is ₴15484 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴913
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.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴155
₴2934
₴3289
₴3238
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 142
other
-
-
-
1 458
surtax
-
-
-
-
social contributions
-
-
-
1 339
health
-
-
-
740
pensions
-
-
-
12 189
total
-
-
-
19 868
Employee
30 918
-
35 815
-
pensions
3 497
-
4 051
-
surtax
-
-
-
-
social contributions
881
-
1 020
-
income
2 698
-
3 966
-
total
7 076
-
9 037
-
Employer
30 918
-
35 815
-
health
2 164
-
2 507
-
pensions
5 080
-
5 885
-
unemployment
1 252
-
1 450
-
social contributions
93
-
108
-
other
1 067
-
1 236
-
total
9 656
-
11 186
-
Corporate
6 426
47 000
-
-
income
1 800
13 160
-
-
surtax
-
-
-
-
total
1 800
13 160
-
-
Dividends
4 626
33 840
-
-
surtax
-
-
-
-
social contributions
795
5 820
-
-
withholding
592
4 332
-
-
total
1 387
10 152
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 919
23 312
20 223
19 868
After tax
27 081
23 688
26 777
27 132
Living cost
23 842
23 842
23 842
23 842
Free-cash
3 238
-155
2 934
3 289

Estimated living cost  is ₴23842 per week

₴16136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27461
₴22401
₴21112
₴25803
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
709
social contributions
-
-
-
10 340
total
-
-
-
11 049
Employee
15 870
-
40 693
-
income
-
-
808
-
social contributions
1 031
-
2 645
-
total
1 031
-
3 453
-
Employer
15 870
-
40 693
-
social contributions
2 460
-
6 307
-
total
2 460
-
6 307
-
Corporate
28 670
47 000
-
-
income
2 867
4 700
-
-
total
2 867
4 700
-
-
Dividends
25 803
42 300
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
6 358
4 700
9 760
11 049
After tax
40 642
42 300
37 240
35 951
Living cost
14 839
14 839
14 839
14 839
Free-cash
25 803
27 461
22 401
21 112

Estimated living cost  is ₴14839 per week

₴9595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴60505
-₴60505
₴5529
-₴60505
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 726
municipal
-
-
-
8 605
national
-
-
-
4 949
pensions
-
-
-
428
total
-
-
-
17 708
Employee
100 298
100 298
100 298
-
municipal
21 358
21 358
21 358
-
labour market
8 012
8 012
8 012
-
pensions
143
143
143
-
national
12 253
12 253
12 253
-
total
41 766
41 766
41 766
-
Employer
100 298
100 298
100 298
-
national
12 275
12 275
12 275
-
labour market
8 024
8 024
8 024
-
pensions
285
285
285
-
municipal
21 392
21 392
21 392
-
total
41 976
41 976
41 976
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
83 742
83 742
83 742
17 708
After tax
-36 742
-36 742
-36 742
29 292
Living cost
23 763
23 763
23 763
23 763
Free-cash
-60 505
-60 505
-60 505
5 529

Estimated living cost  is ₴23763 per week

₴16264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7025
₴13256
₴21446
₴2145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
126
income
-
-
-
11 242
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
14 722
Employee
17 040
-
39 852
-
pensions
1 919
-
3 813
-
income
2 338
-
7 388
-
health
1 951
-
4 563
-
total
6 208
-
15 764
-
Employer
17 040
-
39 852
-
pensions
2 771
-
5 506
-
accident
285
-
666
-
unemployment
418
-
976
-
total
3 474
-
7 148
-
Corporate
26 487
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.

23 838
42 300
-
-
total
23 838
42 300
-
-
Dividends
2 649
4 700
-
-
withholding
503
893
-
-
total
503
893
-
-
Income
47 000
47 000
47 000
47 000
Total tax
34 023
43 193
22 912
14 722
After tax
12 977
3 807
24 088
32 278
Living cost
10 832
10 832
10 832
10 832
Free-cash
2 145
-7 025
13 256
21 446

Estimated living cost  is ₴10832 per week

₴7885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12479
₴8049
₴14688
₴11161
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
518
municipal
-
-
-
8 366
national
-
-
-
4 476
total
-
-
-
13 360
Employee
25 972
-
39 539
-
municipal
4 254
-
6 457
-
unemployment
390
-
593
-
pensions
1 753
-
2 669
-
national
429
-
2 417
-
health
194
-
403
-
total
7 020
-
12 539
-
Employer
25 972
-
39 539
-
health
200
-
304
-
pensions
4 506
-
6 860
-
accident
26
-
39
-
unemployment
169
-
257
-
total
4 901
-
7 460
-
Corporate
16 128
47 000
-
-
income
3 225
9 400
-
-
total
3 225
9 400
-
-
Dividends

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

9 677
28 200
-
-
municipal
1 741
5 076
-
-
national
-
1 093
-
-
total
1 741
6 169
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 887
15 569
19 999
13 360
After tax
30 113
31 431
27 001
33 640
Living cost
18 952
18 952
18 952
18 952
Free-cash
11 161
12 479
8 049
14 688

Estimated living cost  is ₴18952 per week

₴12380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22989
₴22189
₴22235
₴20303
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 806
social contributions
-
-
-
7 332
health
-
-
-
1 198
total
-
-
-
13 336
Employee
37 959
37 959
42 668
-
social contributions
1 435
3 150
3 541
-
income
4 133
3 514
4 785
-
health
294
645
725
-
total
5 862
7 309
9 051
-
Employer
37 959
37 959
42 668
-
health
319
703
790
-
social contributions
1 435
3 150
3 541
-
total
1 754
3 853
4 331
-
Corporate
27 954
5 188
-
-
income
3 494
648
-
-
total
3 494
648
-
-
Dividends
24 459
4 540
-
-
withholding
4 158
772
-
-
total
4 158
772
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 268
12 582
13 382
13 336
After tax
31 732
34 418
33 618
33 664
Living cost
11 429
11 429
11 429
11 429
Free-cash
20 303
22 989
22 189
22 235

Estimated living cost  is ₴11429 per week

₴6850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31083
₴21158
₴29770
₴28573
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
4 452
unemployment
-
-
-
14
health
-
-
-
1 786
pensions
-
-
-
3 140
total
-
-
-
9 392
Employee

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

11 331
-
42 611
-
unemployment
56
-
213
-
pensions
1 699
-
6 392
-
income
775
-
3 388
-
health
963
-
3 622
-
total
3 493
-
13 615
-
Employer

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

11 331
-
42 611
-
health
487
-
1 832
-
pensions
623
-
2 344
-
unemployment
56
-
213
-
total
1 166
-
4 389
-
Corporate
34 503
47 000
-
-
income
3 105
4 230
-
-
total
3 105
4 230
-
-
Dividends
31 397
42 770
-
-
withholding
2 825
3 849
-
-
total
2 825
3 849
-
-
Income
47 000
47 000
47 000
47 000
Total tax
10 589
8 079
18 004
9 392
After tax
36 411
38 921
28 996
37 608
Living cost
7 838
7 838
7 838
7 838
Free-cash
28 573
31 083
21 158
29 770

Estimated living cost  is ₴7838 per week

₴5001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18098
₴11478
₴11415
₴15509
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
412
income
-
-
-
8 284
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
22 010
Employee
18 253
-
35 640
-
other
18
-
36
-
unemployment
283
-
553
-
pensions
858
-
1 675
-
income
3 519
-
8 323
-
total
4 678
-
10 587
-
Employer
18 253
-
35 640
-
pensions
4 307
-
8 410
-
accident
362
-
705
-
unemployment
1 004
-
1 960
-
other
146
-
285
-
total
5 819
-
11 360
-
Corporate
22 928
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.

3 439
7 050
-
-
total
3 439
7 050
-
-
Dividends
19 489
39 950
-
-
withholding
3 980
8 277
-
-
total
3 980
8 277
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 916
15 327
21 947
22 010
After tax
29 084
31 673
25 053
24 990
Living cost
13 575
13 575
13 575
13 575
Free-cash
15 509
18 098
11 478
11 415

Estimated living cost  is ₴13575 per week

₴9163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28367
₴28956
₴29025
₴28210
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 805
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
17 014
Employee
1 464
-
46 211
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
15 768
-
health
73
-
175
-
total
503
-
16 294
-
Employer
1 464
-
46 211
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
45 206
47 000
-
-
income
9 945
10 340
-
-
total
9 945
10 340
-
-
Dividends
35 261
36 660
-
-
withholding
7 052
7 332
-
-
total
7 052
7 332
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 829
17 672
17 083
17 014
After tax
29 171
29 328
29 917
29 986
Living cost
961
961
961
961
Free-cash
28 210
28 367
28 956
29 025

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴25420
₴16041
₴16042
₴22992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 631
unemployment
-
-
-
547
health
-
-
-
3 758
pensions
-
-
-
9 485
total
-
-
-
22 421
Employee

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

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

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

12 873
-
40 470
-
unemployment
97
-
274
-
pensions
1 802
-
5 107
-
income
1 774
-
8 631
-
health
663
-
1 879
-
total
4 336
-
15 891
-
Employer

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

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

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

12 873
-
40 470
-
health
663
-
1 879
-
pensions
1 545
-
4 378
-
unemployment
97
-
274
-
total
2 305
-
6 531
-
Corporate
31 823
47 000
-
-
income
4 773
7 050
-
-
total
4 773
7 050
-
-
Dividends
27 049
39 950
-
-
withholding
4 057
5 993
-
-
total
4 057
5 993
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 471
13 043
22 422
22 421
After tax
31 529
33 957
24 578
24 579
Living cost
8 537
8 537
8 537
8 537
Free-cash
22 992
25 420
16 041
16 042

Estimated living cost  is ₴8537 per week

₴5748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
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.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13426
₴10806
₴13083
₴13248
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
4 276
surtax
-
-
-
-
social contributions

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

-
-
-
16 333
total
-
-
-
20 609
Employee
19 160
-
37 980
-
surtax
-
-
-
-
social contributions
2 108
-
4 178
-
income
3 744
-
9 688
-
total
5 852
-
13 866
-
Employer
19 160
-
37 980
-
social contributions
4 550
-
9 020
-
total
4 550
-
9 020
-
Corporate
23 290
47 000
-
-
income
4 891
9 870
-
-
surtax
-
-
-
-
total
4 891
9 870
-
-
Dividends
18 400
37 130
-
-
withholding
5 151
10 396
-
-
total
5 151
10 396
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 444
20 266
22 886
20 609
After tax
26 556
26 734
24 114
26 391
Living cost
13 308
13 308
13 308
13 308
Free-cash
13 248
13 426
10 806
13 083

Estimated living cost  is ₴13308 per week

₴9426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14324
₴7704
₴7641
₴10560
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
412
income
-
-
-
8 284
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
22 010
Employee
23 841
-
35 640
-
other
23
-
36
-
unemployment
369
-
553
-
pensions
1 120
-
1 675
-
income
4 979
-
8 323
-
total
6 491
-
10 587
-
Employer
23 841
-
35 640
-
pensions
5 626
-
8 410
-
accident
472
-
705
-
unemployment
1 312
-
1 960
-
other
191
-
285
-
total
7 601
-
11 360
-
Corporate
15 558
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.

2 334
7 050
-
-
total
2 334
7 050
-
-
Dividends
13 224
39 950
-
-
withholding
2 665
8 277
-
-
total
2 665
8 277
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 091
15 327
21 947
22 010
After tax
27 909
31 673
25 053
24 990
Living cost
17 349
17 349
17 349
17 349
Free-cash
10 560
14 324
7 704
7 641

Estimated living cost  is ₴17349 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31681
₴28247
₴26836
₴28667
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 050
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
11 660
Employee
11 260
-
43 612
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

989
-
1 516
-
income
1 126
-
4 361
-
health
518
-
794
-
total
2 757
-
6 861
-
Employer
11 260
-
43 612
-
health
777
-
1 191
-
pensions

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

1 241
-
1 903
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 210
-
3 388
-
Corporate
33 531
47 000
-
-
income
3 353
4 700
-
-
total
3 353
4 700
-
-
Dividends
30 178
42 300
-
-
withholding
1 509
2 115
-
-
total
1 509
2 115
-
-
Income
47 000
47 000
47 000
47 000
Total tax
9 829
6 815
10 249
11 660
After tax
37 171
40 185
36 751
35 340
Living cost
8 504
8 504
8 504
8 504
Free-cash
28 667
31 681
28 247
26 836

Estimated living cost  is ₴8504 per week

₴5624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴5196
₴14683
₴11232
₴11655
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
9 372
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.

-
-
-
515
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.

-
-
-
3 372
trade
-
-
-
3 451
total
-
-
-
16 710
Employee

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

24 562
-
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.

111
-
515
-
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.

2 020
-
9 372
-
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.

3 372
-
3 372
-
total
5 503
-
13 259
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
22 438
47 000
-
-
income
3 366
7 050
-
-
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
388
-
-
chamber of commerce
108
144
-
-
trade
3 220
6 745
-
-
total
6 879
14 327
-
-
Dividends
15 559
32 673
-
-
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.

203
439
-
-
withholding
3 702
7 980
-
-
total
3 905
8 419
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 287
22 746
13 259
16 710
After tax
30 713
24 254
33 741
30 290
Living cost
19 058
19 058
19 058
19 058
Free-cash
11 655
5 196
14 683
11 232

Estimated living cost  is ₴19058 per week

₴13147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4780
₴4108
₴4108
₴5870
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 641
social contributions
-
-
-
4 131
total
-
-
-
14 772
Employee
38 614
-
47 000
-
income
7 286
-
10 641
-
social contributions
3 208
-
4 131
-
total
10 494
-
14 772
-
Employer
38 614
-
47 000
-
total
-
-
-
-
Corporate
8 386
47 000
-
-
income
1 048
5 875
-
-
total
1 048
5 875
-
-
Dividends
7 338
41 125
-
-
withholding
1 468
8 225
-
-
total
1 468
8 225
-
-
Income
47 000
47 000
47 000
47 000
Total tax
13 010
14 100
14 772
14 772
After tax
33 990
32 900
32 228
32 228
Living cost
28 120
28 120
28 120
28 120
Free-cash
5 870
4 780
4 108
4 108

Estimated living cost  is ₴28120 per week

₴21393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10022
₴16560
₴12045
₴12201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 052
health

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

-
-
-
2 983
total
-
-
-
17 035
Employee
22 646
-
44 729
-
income
2 457
-
7 978
-
social contributions
2 269
-
2 271
-
total
4 726
-
10 249
-
Employer
22 646
-
44 729
-
social contributions
2 269
-
2 271
-
total
2 269
-
2 271
-
Corporate
22 085
47 000
-
-
income
7 730
16 450
-
-
total
7 730
16 450
-
-
Dividends
14 355
30 550
-
-
social contributions
2 154
2 608
-
-
total
2 154
2 608
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 879
19 058
12 520
17 035
After tax
30 121
27 942
34 480
29 965
Living cost
17 920
17 920
17 920
17 920
Free-cash
12 201
10 022
16 560
12 045

Estimated living cost  is ₴17920 per week

₴11804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16792
₴11281
₴16033
₴14221
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 331
pensions
-
-
-
3 410
total
-
-
-
12 741
Employee
25 018
-
41 422
-
pensions
1 909
-
3 878
-
income
4 556
-
7 376
-
health
326
-
662
-
total
6 791
-
11 916
-
Employer
25 018
-
41 422
-
health
475
-
787
-
pensions
2 528
-
4 790
-
total
3 003
-
5 577
-
Corporate
18 979
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.

3 606
8 930
-
-
total
3 606
8 930
-
-
Dividends
15 373
38 070
-
-
withholding
1 153
3 052
-
-
total
1 153
3 052
-
-
Income
47 000
47 000
47 000
47 000
Total tax
14 553
11 982
17 493
12 741
After tax
32 447
35 018
29 507
34 259
Living cost
18 226
18 226
18 226
18 226
Free-cash
14 221
16 792
11 281
16 033

Estimated living cost  is ₴18226 per week

₴12503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8098
₴12183
₴20373
₴1980
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
126
income
-
-
-
11 242
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
14 722
Employee
18 727
-
39 852
-
pensions
2 109
-
3 813
-
income
2 569
-
7 388
-
health
2 144
-
4 563
-
total
6 822
-
15 764
-
Employer
18 727
-
39 852
-
pensions
3 045
-
5 506
-
accident
313
-
666
-
unemployment
459
-
976
-
total
3 817
-
7 148
-
Corporate
24 457
47 000
-
-
income

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

22 011
42 300
-
-
total
22 011
42 300
-
-
Dividends
2 446
4 700
-
-
withholding
465
893
-
-
total
465
893
-
-
Income
47 000
47 000
47 000
47 000
Total tax
33 115
43 193
22 912
14 722
After tax
13 885
3 807
24 088
32 278
Living cost
11 905
11 905
11 905
11 905
Free-cash
1 980
-8 098
12 183
20 373

Estimated living cost  is ₴11905 per week

₴8737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
₴32880
₴22327
₴20260
₴30879
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 145
unemployment
-
-
-
564
work injury
-
-
-
235
health insurance
-
-
-
3 478
pensions
-
-
-
8 648
total
-
-
-
20 070
Employee

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

10 671
-
47 000
-
health insurance
790
-
2 922
-
unemployment
128
-
474
-
work injury
53
-
197
-
pensions
1 964
-
7 265
-
income
1 067
-
7 145
-
total
4 002
-
18 003
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 329
47 000
-
-
income

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

-
470
-
-
total
-
470
-
-
Dividends
36 329
46 530
-
-
withholding
5 449
6 980
-
-
total
5 449
6 980
-
-
Income
47 000
47 000
47 000
47 000
Total tax
9 451
7 450
18 003
20 070
After tax
37 549
39 550
28 997
26 930
Living cost
6 670
6 670
6 670
6 670
Free-cash
30 879
32 880
22 327
20 260

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₴5091
₴2046
₴4196
₴2844
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 088
regional
-
-
-
917
municipal
-
-
-
314
national
-
-
-
9 819
total
-
-
-
23 138
Employee
41 598
-
47 000
-
municipal
248
-
280
-
national
7 030
-
8 390
-
regional
628
-
769
-
social contributions
14 027
-
15 849
-
total
21 933
-
25 288
-
Employer
41 598
-
47 000
-
total
-
-
-
-
Corporate
5 402
47 000
-
-
municipal
260
2 265
-
-
nationa
1 297
11 280
-
-
total
1 557
13 545
-
-
Dividends
3 845
33 455
-
-
withholding
1 000
8 698
-
-
total
1 000
8 698
-
-
Income
47 000
47 000
47 000
47 000
Total tax
24 490
22 243
25 288
23 138
After tax
22 510
24 757
21 712
23 862
Living cost
19 666
19 666
19 666
19 666
Free-cash
2 844
5 091
2 046
4 196

Estimated living cost  is ₴19666 per week

₴13814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
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.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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