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
₴10747
₴15497
₴15648
₴19907
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 259
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.

-
-
-
10 573
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.

-
-
-
2 933
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.

-
-
-
582
total
-
-
-
18 347
Employee

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

16 422
-
47 000
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 933
-
2 933
-
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.

25
-
582
-
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.

459
-
10 573
-
total
3 417
-
14 088
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
30 578
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.

253
388
-
-
income
4 586
7 050
-
-
trade
4 816
7 402
-
-
chamber of commerce
109
133
-
-
total
9 764
14 973
-
-
Dividends
20 814
32 027
-
-
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.

277
431
-
-
withholding
5 040
7 844
-
-
total
5 317
8 275
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 498
23 248
14 088
18 347
After tax
28 502
23 752
32 912
28 653
Living cost
13 005
13 005
13 005
13 005
Free-cash
15 497
10 747
19 907
15 648

Estimated living cost  is ₴13005 per week

₴8180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1516
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7664
₴7303
₴6574
₴6944
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
municipal
-
-
-
4 949
pensions
-
-
-
5 640
national
-
-
-
7 668
social contributions
-
-
-
505
total
-
-
-
18 762
Employee
33 583
-
40 631
-
municipal
4 148
-
5 130
-
pensions
1 343
-
1 625
-
national
6 428
-
7 950
-
total
11 919
-
14 705
-
Employer
33 583
-
40 631
-
social contributions
361
-
437
-
pensions
2 687
-
3 250
-
total
3 048
-
3 687
-
Corporate
8 153
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%.

1 631
9 400
-
-
total
1 631
9 400
-
-
Dividends
6 522
37 600
-
-
withholding
1 435
8 272
-
-
total
1 435
8 272
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 033
17 672
18 392
18 762
After tax
28 967
29 328
28 608
28 238
Living cost
21 664
21 664
21 664
21 664
Free-cash
7 303
7 664
6 944
6 574

Estimated living cost  is ₴21664 per week

₴14725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28668
₴25147
₴16111
₴17514
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
6 846
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.

-
-
-
15 111
total
-
-
-
21 957
Employee
12 546
-
37 875
-
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.

1 380
-
4 166
-
surtax
-
-
-
-
income
2 233
-
7 264
-
total
3 613
-
11 430
-
Employer
12 546
-
37 875
-
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.

3 022
-
9 124
-
surtax
-
-
-
-
total
3 022
-
9 124
-
Corporate
31 432
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%.

6 286
9 400
-
-
total
6 286
9 400
-
-
Dividends

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

25 146
37 600
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
12 921
9 400
20 554
21 957
After tax
34 079
37 600
26 446
25 043
Living cost
8 932
8 932
8 932
8 932
Free-cash
25 147
28 668
17 514
16 111

Estimated living cost  is ₴8932 per week

₴5699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4856
₴2225
₴8752
₴6002
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 938
pensions
-
-
-
5 030
health
-
-
-
5 294
total
-
-
-
20 262
Employee
36 665
36 665
39 996
-
health
5 628
4 787
4 977
-
income

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

6 001
6 001
6 001
-
pensions
6 600
5 030
5 030
-
total
18 229
15 818
16 008
-
Employer
36 665
36 665
39 996
-
unemployment
1 320
1 320
1 440
-
pensions
2 552
2 552
2 784
-
health
2 549
2 549
2 780
-
total
6 421
6 421
7 004
-
Corporate
4 364
3 914
-
-
income
873
783
-
-
total
873
783
-
-
Dividends
3 492
3 131
-
-
income
742
666
-
-
withholding
524
470
-
-
total
1 266
1 136
-
-
Income
47 000
47 000
47 000
47 000
Total tax
26 789
24 158
23 012
20 262
After tax
20 211
22 842
23 988
26 738
Living cost
17 986
17 986
17 986
17 986
Free-cash
2 225
4 856
6 002
8 752

Estimated living cost  is ₴17986 per week

₴12746
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3332
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9122
₴8751
₴8621
₴8252
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
municipal
-
-
-
10 884
accident
-
-
-
72
pensions
-
-
-
3 919
other
-
-
-
4 212
unemployment
-
-
-
36
health
-
-
-
2 262
national
-
-
-
454
total
-
-
-
21 839
Employee
23 568
-
35 763
-
municipal
7 028
-
10 665
-
national
-
-
307
-
total
7 028
-
10 972
-
Employer
23 568
-
35 763
-
accident
47
-
71
-
other
2 739
-
4 156
-
unemployment
622
-
944
-
pensions
2 548
-
3 866
-
health
1 449
-
2 199
-
total
7 405
-
11 236
-
Corporate
16 027
47 000
-
-
income
3 526
10 340
-
-
total
3 526
10 340
-
-
Dividends
12 501
36 660
-
-
withholding
3 750
10 998
-
-
total
3 750
10 998
-
-
Income
47 000
47 000
47 000
47 000
Total tax
21 709
21 338
22 208
21 839
After tax
25 291
25 662
24 792
25 161
Living cost
16 540
16 540
16 540
16 540
Free-cash
8 751
9 122
8 252
8 621

Estimated living cost  is ₴16540 per week

₴10962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
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.
₴3704
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6643
₴12675
₴11597
₴16045
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 448
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.

-
-
-
10 573
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.

-
-
-
2 933
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.

-
-
-
582
total
-
-
-
18 536
Employee

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

21 773
-
47 000
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 933
-
2 933
-
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.

103
-
582
-
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.

1 871
-
10 573
-
total
4 907
-
14 088
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
25 227
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.

208
388
-
-
income
3 784
7 050
-
-
trade
4 150
7 731
-
-
chamber of commerce
101
132
-
-
total
8 243
15 301
-
-
Dividends
16 984
31 698
-
-
surtax

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

225
427
-
-
withholding
4 083
7 762
-
-
total
4 308
8 189
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 458
23 490
14 088
18 536
After tax
29 542
23 510
32 912
28 464
Living cost
16 867
16 867
16 867
16 867
Free-cash
12 675
6 643
16 045
11 597

Estimated living cost  is ₴16867 per week

₴11281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20456
₴18674
₴19130
₴18813
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 798
health
-
-
-
1 199
social contributions
-
-
-
6 947
total
-
-
-
13 944
Employee
33 015
33 015
42 669
-
social contributions
1 604
2 740
3 542
-
health
328
561
725
-
income
3 467
3 056
5 662
-
total
5 399
6 357
9 929
-
Employer
33 015
33 015
42 669
-
social contributions
1 604
2 740
3 542
-
health
358
611
790
-
total
1 962
3 351
4 332
-
Corporate
25 712
10 634
-
-
income
3 214
1 329
-
-
total
3 214
1 329
-
-
Dividends
22 498
9 305
-
-
withholding
3 825
1 581
-
-
total
3 825
1 581
-
-
Income
47 000
47 000
47 000
47 000
Total tax
14 400
12 618
14 261
13 944
After tax
32 600
34 382
32 739
33 056
Living cost
13 926
13 926
13 926
13 926
Free-cash
18 674
20 456
18 813
19 130

Estimated living cost  is ₴13926 per week

₴9520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
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.
₴3085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18685
₴18847
₴24783
₴19471
S + D Salary + Dividends

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

Dividends

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

Salary

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

11 225
4 467
39 331
-
health
786
313
2 753
-
income
1 372
546
4 808
-
pensions
1 123
447
3 933
-
unemployment
168
67
590
-
total
3 449
1 373
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.

11 225
4 467
39 331
-
pensions
2 189
871
7 669
-
total
2 189
871
7 669
-
Corporate
33 586
41 661
-
-
income
3 023
3 750
-
-
total
3 023
3 750
-
-
Dividends
30 563
37 912
-
-
social contributions
5 909
7 342
-
-
withholding
5 807
7 203
-
-
total
11 716
14 545
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 377
20 539
19 753
14 441
After tax
26 623
26 461
27 247
32 559
Living cost
7 776
7 776
7 776
7 776
Free-cash
18 847
18 685
19 471
24 783

Estimated living cost  is ₴7776 per week

₴5307
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴636
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1678
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27230
₴24563
₴14823
₴16722
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 399
health
-
-
-
6 110
total
-
-
-
21 807
Employee
12 180
-
35 126
-
income
1 371
-
6 772
-
pensions
244
-
702
-
unemployment
195
-
562
-
total
1 810
-
8 036
-
Employer
12 180
-
35 126
-
unemployment
98
-
281
-
pensions
2 436
-
7 025
-
health
1 583
-
4 566
-
total
4 117
-
11 872
-
Corporate
30 703
47 000
-
-
income
6 140
9 400
-
-
total
6 140
9 400
-
-
Dividends
24 563
37 600
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
12 067
9 400
19 908
21 807
After tax
34 933
37 600
27 092
25 193
Living cost
10 370
10 370
10 370
10 370
Free-cash
24 563
27 230
16 722
14 823

Estimated living cost  is ₴10370 per week

₴7113
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.
₴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.
₴2431
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5570
₴2368
₴22853
₴15166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
11 801
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
14 770
Employee
14 750
-
40 630
-
health
1 689
-
4 652
-
income
2 024
-
8 183
-
pensions
1 661
-
3 252
-
total
5 374
-
16 087
-
Employer
14 750
-
40 630
-
accident
246
-
679
-
unemployment
361
-
995
-
pensions
2 398
-
4 696
-
total
3 005
-
6 370
-
Corporate
29 244
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.

26 320
42 300
-
-
total
26 320
42 300
-
-
Dividends
2 924
4 700
-
-
withholding
556
893
-
-
total
556
893
-
-
Income
47 000
47 000
47 000
47 000
Total tax
35 255
43 193
22 457
14 770
After tax
11 745
3 807
24 543
32 230
Living cost
9 377
9 377
9 377
9 377
Free-cash
2 368
-5 570
15 166
22 853

Estimated living cost  is ₴9377 per week

₴6872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴520
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40736
₴40003
₴42616
₴33686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 892
-
47 000
-
income
978
-
9 400
-
total
978
-
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%.

42 108
47 000
-
-
total
-
-
-
-
Dividends
42 108
47 000
-
-
withholding
2 105
2 350
-
-
total
2 105
2 350
-
-
Income
47 000
47 000
47 000
47 000
Total tax
3 083
2 350
9 400
470
After tax
43 917
44 650
37 600
46 530
Living cost
3 914
3 914
3 914
3 914
Free-cash
40 003
40 736
33 686
42 616

Estimated living cost  is ₴3914 per week

₴2425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴325
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴108
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23090
₴20190
₴13941
₴15883
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 038
pensions

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

-
-
-
11 280
other
-
-
-
2 232
health
-
-
-
2 068
total
-
-
-
21 618
Employee
15 589
-
37 540
-
health
218
-
526
-
income
2 684
-
6 686
-
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.

1 091
-
2 628
-
unemployment
156
-
376
-
total
4 149
-
10 216
-
Employer
15 589
-
37 540
-
accident
125
-
301
-
other
780
-
1 876
-
unemployment
156
-
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.

2 650
-
6 381
-
health
218
-
526
-
total
3 929
-
9 460
-
Corporate
27 482
47 000
-
-
income
5 771
9 870
-
-
total
5 771
9 870
-
-
Dividends
21 711
37 130
-
-
withholding
1 520
2 599
-
-
total
1 520
2 599
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 369
12 469
19 676
21 618
After tax
31 631
34 531
27 324
25 382
Living cost
11 441
11 441
11 441
11 441
Free-cash
20 190
23 090
15 883
13 941

Estimated living cost  is ₴11441 per week

₴8083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴772
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2400
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5004
₴378
₴4452
₴225
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 340
pensions
-
-
-
3 306
total
-
-
-
13 646
Employee
40 892
-
41 327
-
health
674
-
682
-
income
7 371
-
7 521
-
pensions
3 945
-
3 997
-
total
11 990
-
12 200
-
Employer
40 892
-
41 327
-
pensions
4 828
-
4 888
-
health
777
-
785
-
total
5 605
-
5 673
-
Corporate
503
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.

95
8 930
-
-
total
95
8 930
-
-
Dividends
408
38 070
-
-
withholding
30
4 164
-
-
total
30
4 164
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 720
13 094
17 873
13 646
After tax
29 280
33 906
29 127
33 354
Living cost
28 902
28 902
28 902
28 902
Free-cash
378
5 004
225
4 452

Estimated living cost  is ₴28902 per week

₴21657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴34555
₴32560
₴30315
₴31850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
11 055
Employee
7 454
-
44 058
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
745
-
4 406
-
pensions

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

654
-
1 317
-
total
1 824
-
6 578
-
Employer
7 454
-
44 058
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 653
-
health
515
-
1 035
-
total
1 464
-
2 943
-
Corporate
38 083
47 000
-
-
income
3 808
4 700
-
-
total
3 808
4 700
-
-
Dividends
34 275
42 300
-
-
withholding
1 714
2 115
-
-
total
1 714
2 115
-
-
Income
47 000
47 000
47 000
47 000
Total tax
8 810
6 815
9 521
11 055
After tax
38 190
40 185
37 479
35 945
Living cost
5 630
5 630
5 630
5 630
Free-cash
32 560
34 555
31 850
30 315

Estimated living cost  is ₴5630 per week

₴3287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴966
₴116
₴2930
₴180
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 938
pensions
-
-
-
5 030
health
-
-
-
5 294
total
-
-
-
20 262
Employee
39 806
36 665
39 996
-
health
4 966
4 787
4 977
-
income

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

6 001
6 001
6 001
-
pensions
5 030
5 030
5 030
-
total
15 997
15 818
16 008
-
Employer
39 806
36 665
39 996
-
unemployment
1 433
1 320
1 440
-
pensions
2 770
2 552
2 784
-
health
2 766
2 549
2 780
-
total
6 969
6 421
7 004
-
Corporate
224
3 914
-
-
income
45
783
-
-
total
45
783
-
-
Dividends
179
3 131
-
-
income
38
666
-
-
withholding
27
470
-
-
total
65
1 136
-
-
Income
47 000
47 000
47 000
47 000
Total tax
23 076
24 158
23 012
20 262
After tax
23 924
22 842
23 988
26 738
Living cost
23 808
23 808
23 808
23 808
Free-cash
116
-966
180
2 930

Estimated living cost  is ₴23808 per week

₴17563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22102
₴18443
₴12634
₴13593
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 345
solidarity contribution
-
-
-
-
social contributions
-
-
-
13 724
total
-
-
-
24 109
Employee
15 084
-
35 075
-
social contributions
980
-
2 280
-
health
2 036
-
4 735
-
solidarity contribution
-
-
-
-
income
1 810
-
4 209
-
total
4 826
-
11 224
-
Employer
15 084
-
35 075
-
social contributions
3 771
-
8 769
-
health
1 358
-
3 157
-
total
5 129
-
11 926
-
Corporate
26 787
47 000
-
-
income
5 090
8 930
-
-
total
5 090
8 930
-
-
Dividends
21 698
38 070
-
-
withholding
3 255
5 711
-
-
total
3 255
5 711
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 300
14 641
23 150
24 109
After tax
28 700
32 359
23 850
22 891
Living cost
10 257
10 257
10 257
10 257
Free-cash
18 443
22 102
13 593
12 634

Estimated living cost  is ₴10257 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6960
₴4718
₴5723
₴3485
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
municipal
-
-
-
279
regional
-
-
-
525
national
-
-
-
10 268
social contributions
-
-
-
12 088
total
-
-
-
23 160
Employee
38 158
-
47 000
-
social contributions
12 867
-
15 848
-
regional
360
-
461
-
municipal
202
-
249
-
national
6 612
-
8 840
-
total
20 041
-
25 398
-
Employer
38 158
-
47 000
-
total
-
-
-
-
Corporate
8 842
47 000
-
-
nationa
2 122
11 280
-
-
municipal
345
1 833
-
-
total
2 467
13 113
-
-
Dividends
6 375
33 887
-
-
withholding
1 657
8 810
-
-
total
1 657
8 810
-
-
Income
47 000
47 000
47 000
47 000
Total tax
24 165
21 923
25 398
23 160
After tax
22 835
25 077
21 602
23 840
Living cost
18 117
18 117
18 117
18 117
Free-cash
4 718
6 960
3 485
5 723

Estimated living cost  is ₴18117 per week

₴12629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20089
₴18752
₴14147
₴13374
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 345
pensions
-
-
-
9 400
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 337
surtax
-
-
-
1 199
total
-
-
-
23 379
Employee
14 198
-
38 827
-
other
-
-
-
-
health
363
-
991
-
surtax
46
-
1 077
-
income
2 380
-
8 620
-
pensions
947
-
2 589
-
unemployment
988
-
2 703
-
total
4 724
-
15 980
-
Employer
14 198
-
38 827
-
other
-
-
-
-
unemployment
450
-
1 231
-
pensions
1 893
-
5 175
-
health
646
-
1 766
-
total
2 989
-
8 172
-
Corporate
29 813
47 000
-
-
income
7 751
12 220
-
-
total
7 751
12 220
-
-
Dividends
22 062
34 780
-
-
withholding
3 310
5 217
-
-
total
3 310
5 217
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 774
17 437
24 152
23 379
After tax
28 226
29 563
22 848
23 621
Living cost
9 474
9 474
9 474
9 474
Free-cash
18 752
20 089
13 374
14 147

Estimated living cost  is ₴9474 per week

₴5793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴14161
₴12068
₴13609
₴9382
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 340
pensions
-
-
-
3 306
total
-
-
-
13 646
Employee
27 405
-
41 327
-
health
398
-
682
-
income
4 936
-
7 521
-
pensions
2 326
-
3 997
-
total
7 660
-
12 200
-
Employer
27 405
-
41 327
-
pensions
2 967
-
4 888
-
health
521
-
785
-
total
3 488
-
5 673
-
Corporate
16 108
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.

3 061
8 930
-
-
total
3 061
8 930
-
-
Dividends
13 047
38 070
-
-
withholding
978
4 164
-
-
total
978
4 164
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 187
13 094
17 873
13 646
After tax
31 813
33 906
29 127
33 354
Living cost
19 745
19 745
19 745
19 745
Free-cash
12 068
14 161
9 382
13 609

Estimated living cost  is ₴19745 per week

₴14793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴11309
₴2723
₴6246
₴3915
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
495
pensions
-
-
-
4 324
other

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

-
-
-
940
regional
-
-
-
1 724
health
-
-
-
107
national
-
-
-
362
total
-
-
-
7 952
Employee
38 387
-
42 067
-
city
412
-
452
-
regional
1 257
-
1 468
-
health
87
-
94
-
pensions
3 225
-
3 534
-
unemployment
-
-
-
-
national
182
-
265
-
total
5 163
-
5 813
-
Employer
38 387
-
42 067
-
other

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

768
-
842
-
unemployment
-
-
-
-
pensions
3 225
-
3 534
-
health
87
-
94
-
total
4 080
-
4 470
-
Corporate
4 111
47 000
-
-
regional
869
9 940
-
-
national
350
3 995
-
-
total
1 219
13 935
-
-
Dividends
2 892
33 064
-
-
withholding
1 013
11 572
-
-
total
1 013
11 572
-
-
Income
47 000
47 000
47 000
47 000
Total tax
11 475
25 507
10 283
7 952
After tax
35 525
21 493
36 717
39 048
Living cost
32 802
32 802
32 802
32 802
Free-cash
2 723
-11 309
3 915
6 246

Estimated living cost  is ₴32802 per week

₴21331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2944
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴403
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8125
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3600
₴10562
₴8606
₴13243
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 637
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.

-
-
-
10 573
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.

-
-
-
2 933
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.

-
-
-
582
total
-
-
-
18 725
Employee

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

25 803
-
47 000
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 933
-
2 933
-
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.

167
-
582
-
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.

3 034
-
10 573
-
total
6 134
-
14 088
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 197
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.

175
388
-
-
income
3 179
7 050
-
-
trade
3 636
8 061
-
-
chamber of commerce
95
131
-
-
total
7 085
15 630
-
-
Dividends
14 111
31 370
-
-
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
422
-
-
withholding
3 365
7 679
-
-
total
3 550
8 101
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 769
23 731
14 088
18 725
After tax
30 231
23 269
32 912
28 275
Living cost
19 669
19 669
19 669
19 669
Free-cash
10 562
3 600
13 243
8 606

Estimated living cost  is ₴19669 per week

₴14365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3475
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8998
₴11533
₴12260
₴14300
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 051
pensions
-
-
-
11 110
other
-
-
-
1 457
health
-
-
-
1 093
surtax
-
-
-
-
social contributions
-
-
-
1 339
total
-
-
-
20 050
Employee
18 376
-
37 930
-
social contributions
524
-
1 081
-
surtax
-
-
-
-
income
1 084
-
5 906
-
pensions
2 078
-
1 953
-
total
3 686
-
8 940
-
Employer
18 376
-
37 930
-
other
634
-
1 309
-
social contributions
55
-
114
-
unemployment
744
-
1 536
-
pensions
3 019
-
3 411
-
health
1 287
-
2 700
-
total
5 739
-
9 070
-
Corporate
22 886
47 000
-
-
surtax
-
-
-
-
income
6 408
13 160
-
-
total
6 408
13 160
-
-
Dividends
16 478
33 840
-
-
surtax
-
-
-
-
social contributions
2 835
5 821
-
-
withholding
2 109
4 331
-
-
total
4 944
10 152
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 777
23 312
18 010
20 050
After tax
26 223
23 688
28 990
26 950
Living cost
14 690
14 690
14 690
14 690
Free-cash
11 533
8 998
14 300
12 260

Estimated living cost  is ₴14690 per week

₴9262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1194
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3983
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10454
₴12840
₴13716
₴15756
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 051
pensions
-
-
-
11 110
other
-
-
-
1 457
health
-
-
-
1 093
surtax
-
-
-
-
social contributions
-
-
-
1 339
total
-
-
-
20 050
Employee
16 403
-
37 930
-
social contributions
468
-
1 081
-
surtax
-
-
-
-
income
846
-
5 906
-
pensions
1 855
-
1 953
-
total
3 169
-
8 940
-
Employer
16 403
-
37 930
-
other
566
-
1 309
-
social contributions
49
-
114
-
unemployment
664
-
1 536
-
pensions
2 695
-
3 411
-
health
1 148
-
2 700
-
total
5 122
-
9 070
-
Corporate
25 475
47 000
-
-
surtax
-
-
-
-
income
7 133
13 160
-
-
total
7 133
13 160
-
-
Dividends
18 342
33 840
-
-
surtax
-
-
-
-
social contributions
3 155
5 821
-
-
withholding
2 347
4 331
-
-
total
5 502
10 152
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 926
23 312
18 010
20 050
After tax
26 074
23 688
28 990
26 950
Living cost
13 234
13 234
13 234
13 234
Free-cash
12 840
10 454
15 756
13 716

Estimated living cost  is ₴13234 per week

₴7675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19571
₴19794
₴21080
₴20952
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 280
social contributions
-
-
-
6 486
total
-
-
-
16 816
Employee
14 558
-
47 000
-
social contributions
2 009
-
6 486
-
health
1 016
-
3 280
-
income
2 428
-
7 178
-
total
5 453
-
16 944
-
Employer
14 558
-
47 000
-
total
-
-
-
-
Corporate
32 442
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%.

1 622
2 350
-
-
total
1 622
2 350
-
-
Dividends
30 820
44 650
-
-
health
2 151
3 117
-
-
social contributions
4 253
6 161
-
-
withholding
4 623
6 697
-
-
total
11 027
15 975
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 102
18 325
16 944
16 816
After tax
28 898
28 675
30 056
30 184
Living cost
9 104
9 104
9 104
9 104
Free-cash
19 794
19 571
20 952
21 080

Estimated living cost  is ₴9104 per week

₴6093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
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.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11152
₴10484
₴8336
-₴1394
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
188
income
-
-
-
8 338
pensions
-
-
-
8 695
unemployment
-
-
-
2 633
health
-
-
-
3 596
surtax
-
-
-
85
total
-
-
-
23 535
Employee
21 457
17 110
36 431
-
other
214
171
364
-
health
830
662
1 410
-
income
2 443
1 262
7 397
-
pensions
2 197
1 752
3 731
-
unemployment
644
513
1 093
-
total
6 328
4 360
13 995
-
Employer
21 457
17 110
36 431
-
accident
279
222
473
-
other
1 019
812
1 731
-
chamber of commerce
86
68
146
-
unemployment
644
513
1 093
-
surtax
85
85
85
-
pensions
2 693
2 148
4 572
-
payroll
644
513
1 093
-
health
811
647
1 377
-
total
6 261
5 008
10 570
-
Corporate
19 284
24 880
34 802
-
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.

4 821
6 220
8 700
-
total
4 821
6 220
8 700
-
Dividends
14 463
18 660
-
-
withholding
3 977
5 131
-
-
total
3 977
5 131
-
-
Income
47 000
47 000
47 000
47 000
Total tax
21 387
20 719
33 265
23 535
After tax
25 613
26 281
13 735
23 465
Living cost
15 129
15 129
15 129
15 129
Free-cash
10 484
11 152
-1 394
8 336

Estimated living cost  is ₴15129 per week

₴10090
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10690
₴4251
₴5924
₴2424
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
15 503
communal

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

-
-
-
2 367
social contributions
-
-
-
7 551
total
-
-
-
25 421
Employee

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

30 712
-
36 403
-
communal

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

1 602
-
1 898
-
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.

1 443
-
1 711
-
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.

2 303
-
2 730
-
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.

267
-
317
-
national
9 442
-
11 668
-
total
15 057
-
18 324
-
Employer

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

30 712
-
36 403
-
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.

399
-
473
-
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.

448
-
531
-
surtax
3 482
-
4 128
-
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.

2 721
-
3 226
-
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.

1 889
-
2 239
-
total
8 939
-
10 597
-
Corporate
7 348
47 000
-
-
surtax
29
188
-
-
income
1 470
9 400
-
-
total
1 499
9 588
-
-
Dividends
5 849
37 412
-
-
withholding

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

1 599
11 067
-
-
total
1 599
11 067
-
-
Income
47 000
47 000
47 000
47 000
Total tax
27 094
20 655
28 921
25 421
After tax
19 906
26 345
18 079
21 579
Living cost
15 655
15 655
15 655
15 655
Free-cash
4 251
10 690
2 424
5 924

Estimated living cost  is ₴15655 per week

₴10084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
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.
₴3957
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴16152
₴12732
₴10083
₴9024
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
income
-
-
-
9 471
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
21 411
Employee
21 372
-
35 639
-
other
21
-
36
-
income
4 509
-
8 846
-
pensions
1 005
-
1 675
-
unemployment
332
-
552
-
total
5 867
-
11 109
-
Employer
21 372
-
35 639
-
accident
423
-
706
-
other
170
-
284
-
unemployment
1 176
-
1 960
-
pensions
5 043
-
8 411
-
total
6 812
-
11 361
-
Corporate
18 815
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.

2 822
7 050
-
-
total
2 822
7 050
-
-
Dividends
15 993
39 950
-
-
withholding
3 261
8 292
-
-
total
3 261
8 292
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 762
15 342
22 470
21 411
After tax
28 238
31 658
24 530
25 589
Living cost
15 506
15 506
15 506
15 506
Free-cash
12 732
16 152
9 024
10 083

Estimated living cost  is ₴15506 per week

₴11418
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5287
₴2163
₴2999
₴4976
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
accident
-
-
-
396
income
-
-
-
4 624
pensions
-
-
-
7 045
health
-
-
-
3 302
surtax
-
-
-
2 330
communal
-
-
-
2 971
total
-
-
-
20 668
Employee
32 515
-
41 983
-
health
1 447
-
1 868
-
surtax
1 993
-
2 573
-
income
3 141
-
5 873
-
pensions
2 601
-
3 359
-
total
9 182
-
13 673
-
Employer
32 515
-
41 983
-
accident
293
-
378
-
pensions
2 601
-
3 359
-
health
992
-
1 281
-
total
3 886
-
5 018
-
Corporate
10 601
47 000
-
-
surtax
112
494
-
-
communal
-
3 173
-
-
income
1 590
7 050
-
-
total
1 702
10 717
-
-
Dividends
8 898
36 283
-
-
income
5 399
2 220
-
-
withholding
1 335
5 443
-
-
total
6 734
7 663
-
-
Income
47 000
47 000
47 000
47 000
Total tax
21 504
18 380
18 691
20 668
After tax
25 496
28 620
28 309
26 332
Living cost
23 333
23 333
23 333
23 333
Free-cash
2 163
5 287
4 976
2 999

Estimated living cost  is ₴23333 per week

₴17503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
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.
₴4168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19919
₴18552
₴13977
₴13204
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 345
pensions
-
-
-
9 400
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 337
surtax
-
-
-
1 199
total
-
-
-
23 379
Employee
14 459
-
38 827
-
other
-
-
-
-
health
369
-
991
-
surtax
51
-
1 077
-
income
2 424
-
8 620
-
pensions
965
-
2 589
-
unemployment
1 006
-
2 703
-
total
4 815
-
15 980
-
Employer
14 459
-
38 827
-
other
-
-
-
-
unemployment
459
-
1 231
-
pensions
1 928
-
5 175
-
health
658
-
1 766
-
total
3 045
-
8 172
-
Corporate
29 497
47 000
-
-
income
7 670
12 220
-
-
total
7 670
12 220
-
-
Dividends
21 827
34 780
-
-
withholding
3 274
5 217
-
-
total
3 274
5 217
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 804
17 437
24 152
23 379
After tax
28 196
29 563
22 848
23 621
Living cost
9 644
9 644
9 644
9 644
Free-cash
18 552
19 919
13 204
13 977

Estimated living cost  is ₴9644 per week

₴5822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 of data for Athens model

Close
Naples , Italy
₴13138
₴12185
₴12091
₴9864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
municipal
-
-
-
279
regional
-
-
-
708
national
-
-
-
10 268
social contributions
-
-
-
12 088
total
-
-
-
23 343
Employee
23 817
-
47 000
-
social contributions
8 031
-
15 848
-
regional
321
-
633
-
municipal
126
-
249
-
national
3 773
-
8 840
-
total
12 251
-
25 570
-
Employer
23 817
-
47 000
-
total
-
-
-
-
Corporate
23 183
47 000
-
-
nationa
5 564
11 280
-
-
municipal
1 152
2 336
-
-
total
6 716
13 616
-
-
Dividends
16 467
33 384
-
-
withholding
4 282
8 680
-
-
total
4 282
8 680
-
-
Income
47 000
47 000
47 000
47 000
Total tax
23 249
22 296
25 570
23 343
After tax
23 751
24 704
21 430
23 657
Living cost
11 566
11 566
11 566
11 566
Free-cash
12 185
13 138
9 864
12 091

Estimated living cost  is ₴11566 per week

₴7193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19719
₴15211
₴10251
₴11210
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
income
-
-
-
4 040
health
-
-
-
6 345
solidarity contribution
-
-
-
-
social contributions
-
-
-
13 724
total
-
-
-
24 109
Employee
18 588
-
35 075
-
social contributions
1 208
-
2 280
-
health
2 509
-
4 735
-
solidarity contribution
-
-
-
-
income
2 230
-
4 209
-
total
5 947
-
11 224
-
Employer
18 588
-
35 075
-
social contributions
4 647
-
8 769
-
health
1 673
-
3 157
-
total
6 320
-
11 926
-
Corporate
22 093
47 000
-
-
income
4 198
8 930
-
-
total
4 198
8 930
-
-
Dividends
17 895
38 070
-
-
withholding
2 684
5 711
-
-
total
2 684
5 711
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 149
14 641
23 150
24 109
After tax
27 851
32 359
23 850
22 891
Living cost
12 640
12 640
12 640
12 640
Free-cash
15 211
19 719
11 210
10 251

Estimated living cost  is ₴12640 per week

₴9400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12629
₴12413
₴9852
₴54
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
188
income
-
-
-
8 338
pensions
-
-
-
8 695
unemployment
-
-
-
2 633
health
-
-
-
3 596
surtax
-
-
-
-
total
-
-
-
23 450
Employee
18 768
17 110
36 496
-
other
187
171
365
-
health
726
662
1 412
-
income
1 672
1 262
7 419
-
pensions
1 922
1 752
3 737
-
unemployment
563
513
1 095
-
total
5 070
4 360
14 028
-
Employer
18 768
17 110
36 496
-
accident
244
222
474
-
other
891
812
1 734
-
chamber of commerce
75
68
146
-
unemployment
563
513
1 095
-
surtax
-
-
-
-
pensions
2 356
2 148
4 580
-
payroll
563
513
1 095
-
health
710
647
1 379
-
total
5 402
4 923
10 503
-
Corporate
22 831
24 965
34 867
-
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.

5 708
6 241
8 717
-
total
5 708
6 241
8 717
-
Dividends
17 123
18 724
-
-
withholding
4 709
5 149
-
-
total
4 709
5 149
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 889
20 673
33 248
23 450
After tax
26 111
26 327
13 752
23 550
Living cost
13 698
13 698
13 698
13 698
Free-cash
12 413
12 629
54
9 852

Estimated living cost  is ₴13698 per week

₴8217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38551
₴37407
₴40431
₴31501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 624
-
47 000
-
income
1 525
-
9 400
-
total
1 525
-
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%.

39 376
47 000
-
-
total
-
-
-
-
Dividends
39 376
47 000
-
-
withholding
1 969
2 350
-
-
total
1 969
2 350
-
-
Income
47 000
47 000
47 000
47 000
Total tax
3 494
2 350
9 400
470
After tax
43 506
44 650
37 600
46 530
Living cost
6 099
6 099
6 099
6 099
Free-cash
37 407
38 551
31 501
40 431

Estimated living cost  is ₴6099 per week

₴4127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴256
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20843
₴17252
₴12621
₴11276
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 582
pensions
-
-
-
8 584
unemployment
-
-
-
71
health
-
-
-
4 626
total
-
-
-
22 863
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.

18 986
-
40 668
-
health
1 226
-
2 627
-
income
3 274
-
8 889
-
pensions
2 943
-
6 304
-
unemployment
27
-
57
-
total
7 470
-
17 877
-
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.

18 986
-
40 668
-
unemployment
11
-
24
-
pensions
1 680
-
3 599
-
health
1 265
-
2 708
-
total
2 956
-
6 331
-
Corporate
25 058
47 000
-
-
income
4 761
8 930
-
-
total
4 761
8 930
-
-
Dividends
20 297
38 070
-
-
withholding
3 045
5 711
-
-
total
3 045
5 711
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 232
14 641
24 208
22 863
After tax
28 768
32 359
22 792
24 137
Living cost
11 516
11 516
11 516
11 516
Free-cash
17 252
20 843
11 276
12 621

Estimated living cost  is ₴11516 per week

₴7903
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10047
-₴17094
₴13933
₴22797
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
26 595
-
-
-
social contributions
2 181
-
311
-
income
5 866
-
-
-
total
8 047
-
311
-
Employer
26 595
-
-
-
social contributions
37 499
-
5 344
-
total
37 499
-
5 344
-
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
45 546
18 405
5 655
14 519
After tax
1 454
28 595
41 345
32 481
Living cost
18 548
18 548
18 548
18 548
Free-cash
-17 094
10 047
22 797
13 933

Estimated living cost  is ₴18548 per week

₴12034
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1744
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.
₴4532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13266
₴12835
₴12623
₴9978
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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
-
-
-
4 578
surtax
-
-
-
-
social contributions

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

-
-
-
16 332
total
-
-
-
20 910
Employee
19 747
-
37 980
-
social contributions
2 172
-
4 177
-
surtax
-
-
-
-
income
4 107
-
10 358
-
total
6 279
-
14 535
-
Employer
19 747
-
37 980
-
social contributions
4 690
-
9 020
-
total
4 690
-
9 020
-
Corporate
22 563
47 000
-
-
surtax
-
-
-
-
income
4 738
9 870
-
-
total
4 738
9 870
-
-
Dividends
17 825
37 130
-
-
withholding
4 991
10 397
-
-
total
4 991
10 397
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 698
20 267
23 555
20 910
After tax
26 302
26 733
23 445
26 090
Living cost
13 467
13 467
13 467
13 467
Free-cash
12 835
13 266
9 978
12 623

Estimated living cost  is ₴13467 per week

₴10076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴794
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2951
₴5901
₴6213
₴8253
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 051
pensions
-
-
-
11 110
other
-
-
-
1 457
health
-
-
-
1 093
surtax
-
-
-
-
social contributions
-
-
-
1 339
total
-
-
-
20 050
Employee
26 891
-
37 930
-
social contributions
766
-
1 081
-
surtax
-
-
-
-
income
2 346
-
5 906
-
pensions
3 042
-
1 953
-
total
6 154
-
8 940
-
Employer
26 891
-
37 930
-
other
928
-
1 309
-
social contributions
81
-
114
-
unemployment
1 089
-
1 536
-
pensions
4 419
-
3 411
-
health
1 882
-
2 700
-
total
8 399
-
9 070
-
Corporate
11 710
47 000
-
-
surtax
-
-
-
-
income
3 279
13 160
-
-
total
3 279
13 160
-
-
Dividends
8 431
33 840
-
-
surtax
-
-
-
-
social contributions
1 450
5 821
-
-
withholding
1 080
4 331
-
-
total
2 530
10 152
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 362
23 312
18 010
20 050
After tax
26 638
23 688
28 990
26 950
Living cost
20 737
20 737
20 737
20 737
Free-cash
5 901
2 951
8 253
6 213

Estimated living cost  is ₴20737 per week

₴14035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1696
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.
₴4722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29394
₴27951
₴22696
₴23944
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 058
social contributions
-
-
-
10 340
total
-
-
-
11 398
Employee
13 803
-
40 693
-
income
-
-
1 198
-
social contributions
897
-
2 645
-
total
897
-
3 843
-
Employer
13 803
-
40 693
-
social contributions
2 140
-
6 307
-
total
2 140
-
6 307
-
Corporate
31 057
47 000
-
-
income
3 106
4 700
-
-
total
3 106
4 700
-
-
Dividends
27 951
42 300
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
6 143
4 700
10 150
11 398
After tax
40 857
42 300
36 850
35 602
Living cost
12 906
12 906
12 906
12 906
Free-cash
27 951
29 394
23 944
22 696

Estimated living cost  is ₴12906 per week

₴8345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3345
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴46535
-₴46535
₴8236
-₴46535
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
municipal
-
-
-
8 940
pensions
-
-
-
372
national
-
-
-
5 047
labour market
-
-
-
3 730
total
-
-
-
18 089
Employee
87 266
87 266
87 266
-
labour market
6 971
6 971
6 971
-
national
10 661
10 661
10 661
-
municipal
18 583
18 583
18 583
-
pensions
124
124
124
-
total
36 339
36 339
36 339
-
Employer
87 266
87 266
87 266
-
labour market
6 981
6 981
6 981
-
municipal
18 612
18 612
18 612
-
pensions
248
248
248
-
national
10 680
10 680
10 680
-
total
36 521
36 521
36 521
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
72 860
72 860
72 860
18 089
After tax
-25 860
-25 860
-25 860
28 911
Living cost
20 675
20 675
20 675
20 675
Free-cash
-46 535
-46 535
-46 535
8 236

Estimated living cost  is ₴20675 per week

₴14150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1829
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4378
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5431
₴2390
₴22992
₴15305
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
11 801
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
14 770
Employee
14 532
-
40 630
-
health
1 664
-
4 652
-
income
1 994
-
8 183
-
pensions
1 636
-
3 252
-
total
5 294
-
16 087
-
Employer
14 532
-
40 630
-
accident
243
-
679
-
unemployment
356
-
995
-
pensions
2 363
-
4 696
-
total
2 962
-
6 370
-
Corporate
29 506
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.

26 555
42 300
-
-
total
26 555
42 300
-
-
Dividends
2 951
4 700
-
-
withholding
561
893
-
-
total
561
893
-
-
Income
47 000
47 000
47 000
47 000
Total tax
35 372
43 193
22 457
14 770
After tax
11 628
3 807
24 543
32 230
Living cost
9 238
9 238
9 238
9 238
Free-cash
2 390
-5 431
15 305
22 992

Estimated living cost  is ₴9238 per week

₴6724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴527
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14456
₴13942
₴16436
₴9992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
8 362
health
-
-
-
544
national
-
-
-
5 174
total
-
-
-
14 080
Employee
22 589
-
39 539
-
health
169
-
429
-
municipal
3 700
-
6 452
-
pensions
1 524
-
2 669
-
unemployment
339
-
593
-
national
373
-
2 919
-
total
6 105
-
13 062
-
Employer
22 589
-
39 539
-
accident
23
-
40
-
unemployment
147
-
257
-
pensions
3 919
-
6 860
-
health
174
-
305
-
total
4 263
-
7 462
-
Corporate
20 149
47 000
-
-
income
4 030
9 400
-
-
total
4 030
9 400
-
-
Dividends

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

12 089
28 200
-
-
national
-
1 584
-
-
municipal
2 176
5 076
-
-
total
2 176
6 660
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 574
16 060
20 524
14 080
After tax
30 426
30 940
26 476
32 920
Living cost
16 484
16 484
16 484
16 484
Free-cash
13 942
14 456
9 992
16 436

Estimated living cost  is ₴16484 per week

₴10767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
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.
₴3869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24441
₴22103
₴23115
₴22798
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 798
health
-
-
-
1 199
social contributions
-
-
-
6 947
total
-
-
-
13 944
Employee
33 015
33 015
42 669
-
social contributions
1 248
2 740
3 542
-
health
256
561
725
-
income
3 595
3 056
5 662
-
total
5 099
6 357
9 929
-
Employer
33 015
33 015
42 669
-
social contributions
1 248
2 740
3 542
-
health
278
611
790
-
total
1 526
3 351
4 332
-
Corporate
30 434
10 634
-
-
income
3 804
1 329
-
-
total
3 804
1 329
-
-
Dividends
26 630
9 305
-
-
withholding
4 527
1 581
-
-
total
4 527
1 581
-
-
Income
47 000
47 000
47 000
47 000
Total tax
14 956
12 618
14 261
13 944
After tax
32 044
34 382
32 739
33 056
Living cost
9 941
9 941
9 941
9 941
Free-cash
22 103
24 441
22 798
23 115

Estimated living cost  is ₴9941 per week

₴5958
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴975
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴32104
₴29918
₴31340
₴22727
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 546
pensions
-
-
-
2 731
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
8 843
Employee

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

9 855
-
42 804
-
health
838
-
3 463
-
income
674
-
3 481
-
pensions
1 478
-
6 111
-
unemployment
49
-
204
-
total
3 039
-
13 259
-
Employer

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

9 855
-
42 804
-
unemployment
49
-
204
-
pensions
542
-
2 241
-
health
424
-
1 752
-
total
1 015
-
4 197
-
Corporate
36 130
47 000
-
-
income
3 252
4 230
-
-
total
3 252
4 230
-
-
Dividends
32 879
42 770
-
-
withholding
2 959
3 849
-
-
total
2 959
3 849
-
-
Income
47 000
47 000
47 000
47 000
Total tax
10 265
8 079
17 456
8 843
After tax
36 735
38 921
29 544
38 157
Living cost
6 817
6 817
6 817
6 817
Free-cash
29 918
32 104
22 727
31 340

Estimated living cost  is ₴6817 per week

₴4349
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19851
₴17600
₴13782
₴12723
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
income
-
-
-
9 471
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
21 411
Employee
15 876
-
35 639
-
other
15
-
36
-
income
3 061
-
8 846
-
pensions
746
-
1 675
-
unemployment
246
-
552
-
total
4 068
-
11 109
-
Employer
15 876
-
35 639
-
accident
315
-
706
-
other
127
-
284
-
unemployment
873
-
1 960
-
pensions
3 746
-
8 411
-
total
5 061
-
11 361
-
Corporate
26 063
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.

3 909
7 050
-
-
total
3 909
7 050
-
-
Dividends
22 154
39 950
-
-
withholding
4 555
8 292
-
-
total
4 555
8 292
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 593
15 342
22 470
21 411
After tax
29 407
31 658
24 530
25 589
Living cost
11 807
11 807
11 807
11 807
Free-cash
17 600
19 851
12 723
13 782

Estimated living cost  is ₴11807 per week

₴7969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28153
₴27959
₴28685
₴28601
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 661
pensions
-
-
-
857
health
-
-
-
622
total
-
-
-
17 140
Employee
1 790
-
46 036
-
health
90
-
214
-
income
346
-
15 616
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
615
-
16 259
-
Employer
1 790
-
46 036
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
407
-
total
403
-
965
-
Corporate
44 807
47 000
-
-
income
9 858
10 340
-
-
total
9 858
10 340
-
-
Dividends
34 949
36 660
-
-
withholding
6 990
7 332
-
-
total
6 990
7 332
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 866
17 672
17 224
17 140
After tax
29 134
29 328
29 776
29 860
Living cost
1 175
1 175
1 175
1 175
Free-cash
27 959
28 153
28 601
28 685

Estimated living cost  is ₴1175 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26538
₴24427
₴17939
₴17939
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 655
pensions
-
-
-
8 244
unemployment
-
-
-
476
health
-
-
-
3 266
total
-
-
-
21 641
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.

11 188
-
41 325
-
health
576
-
1 633
-
income
1 542
-
9 655
-
pensions
1 566
-
4 439
-
unemployment
84
-
238
-
total
3 768
-
15 965
-
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.

11 188
-
41 325
-
unemployment
84
-
238
-
pensions
1 343
-
3 805
-
health
576
-
1 633
-
total
2 003
-
5 676
-
Corporate
33 809
47 000
-
-
income
5 071
7 050
-
-
total
5 071
7 050
-
-
Dividends
28 738
39 950
-
-
withholding
4 311
5 992
-
-
total
4 311
5 992
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 153
13 042
21 641
21 641
After tax
31 847
33 958
25 359
25 359
Living cost
7 420
7 420
7 420
7 420
Free-cash
24 427
26 538
17 939
17 939

Estimated living cost  is ₴7420 per week

₴4996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15158
₴15004
₴14515
₴11870
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 578
surtax
-
-
-
-
social contributions

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

-
-
-
16 332
total
-
-
-
20 910
Employee
16 664
-
37 980
-
social contributions
1 833
-
4 177
-
surtax
-
-
-
-
income
3 256
-
10 358
-
total
5 089
-
14 535
-
Employer
16 664
-
37 980
-
social contributions
3 957
-
9 020
-
total
3 957
-
9 020
-
Corporate
26 378
47 000
-
-
surtax
-
-
-
-
income
5 540
9 870
-
-
total
5 540
9 870
-
-
Dividends
20 839
37 130
-
-
withholding
5 835
10 397
-
-
total
5 835
10 397
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 421
20 267
23 555
20 910
After tax
26 579
26 733
23 445
26 090
Living cost
11 575
11 575
11 575
11 575
Free-cash
15 004
15 158
11 870
14 515

Estimated living cost  is ₴11575 per week

₴8198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16569
₴13294
₴10500
₴9441
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
income
-
-
-
9 471
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
21 411
Employee
20 736
-
35 639
-
other
20
-
36
-
income
4 331
-
8 846
-
pensions
974
-
1 675
-
unemployment
321
-
552
-
total
5 646
-
11 109
-
Employer
20 736
-
35 639
-
accident
411
-
706
-
other
166
-
284
-
unemployment
1 141
-
1 960
-
pensions
4 894
-
8 411
-
total
6 612
-
11 361
-
Corporate
19 653
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.

2 948
7 050
-
-
total
2 948
7 050
-
-
Dividends
16 705
39 950
-
-
withholding
3 411
8 292
-
-
total
3 411
8 292
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 617
15 342
22 470
21 411
After tax
28 383
31 658
24 530
25 589
Living cost
15 089
15 089
15 089
15 089
Free-cash
13 294
16 569
9 441
10 500

Estimated living cost  is ₴15089 per week

₴10837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2867
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32799
₴30182
₴28559
₴30093
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 220
unemployment
-
-
-
60
health
-
-
-
1 725
total
-
-
-
11 055
Employee
9 780
-
44 058
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
978
-
4 406
-
pensions

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

859
-
1 317
-
total
2 394
-
6 578
-
Employer
9 780
-
44 058
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 653
-
health
675
-
1 035
-
total
1 919
-
2 943
-
Corporate
35 301
47 000
-
-
income
3 530
4 700
-
-
total
3 530
4 700
-
-
Dividends
31 771
42 300
-
-
withholding
1 589
2 115
-
-
total
1 589
2 115
-
-
Income
47 000
47 000
47 000
47 000
Total tax
9 432
6 815
9 521
11 055
After tax
37 568
40 185
37 479
35 945
Living cost
7 386
7 386
7 386
7 386
Free-cash
30 182
32 799
30 093
28 559

Estimated living cost  is ₴7386 per week

₴4885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1902
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴7658
₴13275
₴12456
₴16336
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
3 880
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.

-
-
-
10 573
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.

-
-
-
2 933
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.

-
-
-
582
total
-
-
-
17 968
Employee

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

21 363
-
47 000
-
health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

2 933
-
2 933
-
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.

97
-
582
-
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.

1 757
-
10 573
-
total
4 787
-
14 088
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
25 637
47 000
-
-
surtax

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

212
388
-
-
income
3 846
7 050
-
-
trade
3 679
6 745
-
-
chamber of commerce
103
134
-
-
total
7 840
14 317
-
-
Dividends
17 798
32 683
-
-
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.

235
441
-
-
withholding
4 287
8 008
-
-
total
4 522
8 449
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 149
22 766
14 088
17 968
After tax
29 851
24 234
32 912
29 032
Living cost
16 576
16 576
16 576
16 576
Free-cash
13 275
7 658
16 336
12 456

Estimated living cost  is ₴16576 per week

₴11435
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
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.
₴3117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8442
₴9391
₴6574
₴6574
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 703
social contributions
-
-
-
4 265
total
-
-
-
15 968
Employee
33 585
-
47 000
-
income
6 337
-
11 703
-
social contributions
2 790
-
4 265
-
total
9 127
-
15 968
-
Employer
33 585
-
47 000
-
total
-
-
-
-
Corporate
13 415
47 000
-
-
income
1 677
5 875
-
-
total
1 677
5 875
-
-
Dividends
11 738
41 125
-
-
withholding
2 347
8 225
-
-
total
2 347
8 225
-
-
Income
47 000
47 000
47 000
47 000
Total tax
13 151
14 100
15 968
15 968
After tax
33 849
32 900
31 032
31 032
Living cost
24 458
24 458
24 458
24 458
Free-cash
9 391
8 442
6 574
6 574

Estimated living cost  is ₴24458 per week

₴18607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
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.
₴3624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12696
₴14197
₴16313
₴18995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 222
health

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

-
-
-
2 879
total
-
-
-
15 101
Employee
19 696
-
45 025
-
income
2 137
-
8 469
-
social contributions
1 973
-
1 975
-
total
4 110
-
10 444
-
Employer
19 696
-
45 025
-
social contributions
1 973
-
1 975
-
total
1 973
-
1 975
-
Corporate
25 330
47 000
-
-
income
8 866
16 450
-
-
total
8 866
16 450
-
-
Dividends
16 465
30 550
-
-
social contributions
2 268
2 268
-
-
total
2 268
2 268
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 217
18 718
12 419
15 101
After tax
29 783
28 282
34 581
31 899
Living cost
15 586
15 586
15 586
15 586
Free-cash
14 197
12 696
18 995
16 313

Estimated living cost  is ₴15586 per week

₴10266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17854
₴16724
₴17302
₴13075
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 340
pensions
-
-
-
3 306
total
-
-
-
13 646
Employee
22 034
-
41 327
-
health
287
-
682
-
income
4 013
-
7 521
-
pensions
1 682
-
3 997
-
total
5 982
-
12 200
-
Employer
22 034
-
41 327
-
pensions
2 226
-
4 888
-
health
419
-
785
-
total
2 645
-
5 673
-
Corporate
22 321
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.

4 241
8 930
-
-
total
4 241
8 930
-
-
Dividends
18 080
38 070
-
-
withholding
1 356
4 164
-
-
total
1 356
4 164
-
-
Income
47 000
47 000
47 000
47 000
Total tax
14 224
13 094
17 873
13 646
After tax
32 776
33 906
29 127
33 354
Living cost
16 052
16 052
16 052
16 052
Free-cash
16 724
17 854
13 075
17 302

Estimated living cost  is ₴16052 per week

₴11012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6346
₴2249
₴22077
₴14390
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
11 801
pensions
-
-
-
1 773
other
-
-
-
158
health
-
-
-
930
total
-
-
-
14 770
Employee
15 971
-
40 630
-
health
1 829
-
4 652
-
income
2 191
-
8 183
-
pensions
1 798
-
3 252
-
total
5 818
-
16 087
-
Employer
15 971
-
40 630
-
accident
267
-
679
-
unemployment
391
-
995
-
pensions
2 597
-
4 696
-
total
3 255
-
6 370
-
Corporate
27 774
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.

24 997
42 300
-
-
total
24 997
42 300
-
-
Dividends
2 777
4 700
-
-
withholding
528
893
-
-
total
528
893
-
-
Income
47 000
47 000
47 000
47 000
Total tax
34 598
43 193
22 457
14 770
After tax
12 402
3 807
24 543
32 230
Living cost
10 153
10 153
10 153
10 153
Free-cash
2 249
-6 346
14 390
22 077

Estimated living cost  is ₴10153 per week

₴7451
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴592
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1906
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33764
₴32080
₴20969
₴24474
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
235
health insurance
-
-
-
3 478
income
-
-
-
7 319
pensions
-
-
-
8 648
unemployment
-
-
-
564
total
-
-
-
20 244
Employee

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

9 259
-
47 000
-
work injury
46
-
171
-
income
926
-
7 319
-
pensions
1 704
-
6 303
-
health insurance
685
-
2 535
-
unemployment
111
-
411
-
total
3 472
-
16 739
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 741
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
37 741
46 530
-
-
withholding
5 661
6 979
-
-
total
5 661
6 979
-
-
Income
47 000
47 000
47 000
47 000
Total tax
9 133
7 449
16 739
20 244
After tax
37 867
39 551
30 261
26 756
Living cost
5 787
5 787
5 787
5 787
Free-cash
32 080
33 764
24 474
20 969

Estimated living cost  is ₴5787 per week

₴3585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
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.
₴1601
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Rome , Italy
₴7652
₴5699
₴6249
₴4100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
municipal
-
-
-
315
regional
-
-
-
976
national
-
-
-
10 268
social contributions
-
-
-
12 088
total
-
-
-
23 647
Employee
36 180
-
47 000
-
social contributions
12 200
-
15 848
-
regional
546
-
828
-
municipal
216
-
280
-
national
6 114
-
8 840
-
total
19 076
-
25 796
-
Employer
36 180
-
47 000
-
total
-
-
-
-
Corporate
10 820
47 000
-
-
nationa
2 597
11 280
-
-
municipal
521
2 265
-
-
total
3 118
13 545
-
-
Dividends
7 702
33 455
-
-
withholding
2 003
8 699
-
-
total
2 003
8 699
-
-
Income
47 000
47 000
47 000
47 000
Total tax
24 197
22 244
25 796
23 647
After tax
22 803
24 756
21 204
23 353
Living cost
17 104
17 104
17 104
17 104
Free-cash
5 699
7 652
4 100
6 249

Estimated living cost  is ₴17104 per week

₴12015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
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.
₴3654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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