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
₴8611
₴18655
₴14918
₴14147
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
47 000
income

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

-
-
-
9 254
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.

-
-
-
509
health

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

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

-
-
-
3 420
trade
-
-
-
3 737
total
-
-
-
16 920
Employee

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

19 145
-
47 000
-
surtax

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

29
-
509
-
income

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

535
-
9 254
-
health

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

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

3 420
-
3 420
-
total
3 984
-
13 183
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 855
47 000
-
-
income
4 179
7 050
-
-
surtax

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

230
388
-
-
chamber of commerce
116
143
-
-
trade
4 387
7 403
-
-
total
8 912
14 984
-
-
Dividends
18 943
32 016
-
-
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.

250
429
-
-
withholding
4 545
7 814
-
-
total
4 795
8 243
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 691
23 227
13 183
16 920
After tax
29 309
23 773
33 817
30 080
Living cost
15 162
15 162
15 162
15 162
Free-cash
14 147
8 611
18 655
14 918

Estimated living cost  is ₴15162 per week

₴9537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₴2697
₴2288
₴1919
₴1970
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
505
municipal
-
-
-
4 826
national
-
-
-
7 479
pensions
-
-
-
5 640
total
-
-
-
18 450
Employee
41 284
-
40 631
-
municipal
5 099
-
5 008
-
pensions
1 651
-
1 625
-
national
7 902
-
7 761
-
total
14 652
-
14 394
-
Employer
41 284
-
40 631
-
pensions
3 303
-
3 250
-
social contributions
444
-
437
-
total
3 747
-
3 687
-
Corporate
-
47 000
-
-
income

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

-
9 400
-
-
total
-
9 400
-
-
Dividends
-
37 600
-
-
withholding
-
8 272
-
-
total
-
8 272
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 399
17 672
18 081
18 450
After tax
28 601
29 328
28 919
28 550
Living cost
26 631
26 631
26 631
26 631
Free-cash
1 970
2 697
2 288
1 919

Estimated living cost  is ₴26631 per week

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

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴27186
₴16113
₴14711
₴23080
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
47 000
income
-
-
-
6 765
surtax
-
-
-
-
social contributions

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

-
-
-
15 110
microenterprise
-
-
-
-
total
-
-
-
21 875
Employee
14 627
-
37 875
-
surtax
-
-
-
-
social contributions

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

1 609
-
4 166
-
income
2 604
-
7 183
-
total
4 213
-
11 349
-
Employer
14 627
-
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.

3 523
-
9 124
-
surtax
-
-
-
-
total
3 523
-
9 124
-
Corporate
28 850
47 000
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

5 770
9 400
-
-
total
5 770
9 400
-
-
Dividends

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

23 080
37 600
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
13 506
9 400
20 473
21 875
After tax
33 494
37 600
26 527
25 125
Living cost
10 414
10 414
10 414
10 414
Free-cash
23 080
27 186
16 113
14 711

Estimated living cost  is ₴10414 per week

₴6644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴992
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴103
-₴2706
₴5726
-₴2706
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
income
-
-
-
8 617
health
-
-
-
5 823
pensions
-
-
-
5 865
total
-
-
-
20 305
Employee
42 746
42 746
42 746
-
pensions
7 694
5 865
7 694
-
income

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

6 997
6 997
6 997
-
health
6 561
5 581
6 561
-
total
21 252
18 443
21 252
-
Employer
42 746
42 746
42 746
-
health
2 971
2 971
2 971
-
pensions
2 975
2 975
2 975
-
unemployment
1 539
1 539
1 539
-
total
7 485
7 485
7 485
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
28 737
25 928
28 737
20 305
After tax
18 263
21 072
18 263
26 695
Living cost
20 969
20 969
20 969
20 969
Free-cash
-2 706
103
-2 706
5 726

Estimated living cost  is ₴20969 per week

₴14860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴5529
₴4966
₴3881
₴5077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
other
-
-
-
5 127
unemployment
-
-
-
44
health
-
-
-
2 753
municipal
-
-
-
10 204
national
-
-
-
-
pensions
-
-
-
4 770
total
-
-
-
22 986
Employee
28 688
-
35 763
-
municipal
8 555
-
10 665
-
national
-
-
-
-
total
8 555
-
10 665
-
Employer
28 688
-
35 763
-
health
1 764
-
2 199
-
pensions
3 101
-
3 866
-
accident
57
-
71
-
unemployment
757
-
944
-
other
3 334
-
4 156
-
total
9 013
-
11 236
-
Corporate
9 298
47 000
-
-
income
2 046
10 340
-
-
total
2 046
10 340
-
-
Dividends
7 253
36 660
-
-
withholding
2 176
10 998
-
-
total
2 176
10 998
-
-
Income
47 000
47 000
47 000
47 000
Total tax
21 790
21 338
21 901
22 986
After tax
25 210
25 662
25 099
24 014
Living cost
20 133
20 133
20 133
20 133
Free-cash
5 077
5 529
4 966
3 881

Estimated living cost  is ₴20133 per week

₴13343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4508
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴3867
₴14153
₴10250
₴10900
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
47 000
income

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

-
-
-
9 254
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.

-
-
-
509
health

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

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

-
-
-
3 420
trade
-
-
-
3 903
total
-
-
-
17 086
Employee

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

25 384
-
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.

120
-
509
-
income

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

2 181
-
9 254
-
health

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

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

3 420
-
3 420
-
total
5 721
-
13 183
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 616
47 000
-
-
income
3 242
7 050
-
-
surtax

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

179
388
-
-
chamber of commerce
106
142
-
-
trade
3 556
7 731
-
-
total
7 083
15 311
-
-
Dividends
14 533
31 688
-
-
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.

189
426
-
-
withholding
3 443
7 732
-
-
total
3 632
8 158
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 436
23 469
13 183
17 086
After tax
30 564
23 531
33 817
29 914
Living cost
19 664
19 664
19 664
19 664
Free-cash
10 900
3 867
14 153
10 250

Estimated living cost  is ₴19664 per week

₴13151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₴18184
₴17476
₴17522
₴16109
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 711
social contributions
-
-
-
7 332
health
-
-
-
1 199
total
-
-
-
13 242
Employee
38 491
38 491
42 669
-
social contributions
1 870
3 195
3 541
-
income
4 042
3 563
4 691
-
health
383
654
726
-
total
6 295
7 412
8 958
-
Employer
38 491
38 491
42 669
-
health
417
712
789
-
social contributions
1 870
3 195
3 541
-
total
2 287
3 907
4 330
-
Corporate
22 182
4 602
-
-
income
2 773
576
-
-
total
2 773
576
-
-
Dividends
19 409
4 027
-
-
withholding
3 300
685
-
-
total
3 300
685
-
-
Income
47 000
47 000
47 000
47 000
Total tax
14 655
12 580
13 288
13 242
After tax
32 345
34 420
33 712
33 758
Living cost
16 236
16 236
16 236
16 236
Free-cash
16 109
18 184
17 476
17 522

Estimated living cost  is ₴16236 per week

₴11099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴17515
₴18277
₴23589
₴17703
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 948
5 153
39 331
-
unemployment
194
77
590
-
pensions
1 295
515
3 933
-
income
1 583
630
4 808
-
health
906
361
2 753
-
total
3 978
1 583
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.

12 948
5 153
39 331
-
pensions
2 525
1 005
7 669
-
total
2 525
1 005
7 669
-
Corporate
31 527
40 842
-
-
income
2 837
3 676
-
-
total
2 837
3 676
-
-
Dividends
28 690
37 166
-
-
social contributions
5 536
7 189
-
-
withholding
5 451
7 062
-
-
total
10 987
14 251
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 327
20 515
19 753
14 441
After tax
26 673
26 485
27 247
32 559
Living cost
8 970
8 970
8 970
8 970
Free-cash
17 703
17 515
18 277
23 589

Estimated living cost  is ₴8970 per week

₴6121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴25510
₴15000
₴13102
₴22400
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
income
-
-
-
6 298
health
-
-
-
6 110
pensions
-
-
-
9 400
total
-
-
-
21 808
Employee
14 200
-
35 127
-
unemployment
227
-
562
-
pensions
284
-
703
-
income
1 599
-
6 772
-
total
2 110
-
8 037
-
Employer
14 200
-
35 127
-
health
1 846
-
4 566
-
pensions
2 840
-
7 026
-
unemployment
114
-
281
-
total
4 800
-
11 873
-
Corporate
28 000
47 000
-
-
income
5 600
9 400
-
-
total
5 600
9 400
-
-
Dividends
22 400
37 600
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
12 510
9 400
19 910
21 808
After tax
34 490
37 600
27 090
25 192
Living cost
12 090
12 090
12 090
12 090
Free-cash
22 400
25 510
15 000
13 102

Estimated living cost  is ₴12090 per week

₴8293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴7352
₴12884
₴21123
₴2096
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
11 185
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
14 718
Employee
17 554
-
39 773
-
pensions
1 977
-
3 870
-
income
2 408
-
7 307
-
health
2 010
-
4 554
-
total
6 395
-
15 731
-
Employer
17 554
-
39 773
-
pensions
2 854
-
5 588
-
accident
293
-
664
-
unemployment
430
-
974
-
total
3 577
-
7 226
-
Corporate
25 868
47 000
-
-
income

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

23 281
42 300
-
-
total
23 281
42 300
-
-
Dividends
2 587
4 700
-
-
withholding
492
893
-
-
total
492
893
-
-
Income
47 000
47 000
47 000
47 000
Total tax
33 745
43 193
22 957
14 718
After tax
13 255
3 807
24 043
32 282
Living cost
11 159
11 159
11 159
11 159
Free-cash
2 096
-7 352
12 884
21 123

Estimated living cost  is ₴11159 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴40624
₴33574
₴42504
₴39870
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
47 000
microenterprise

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

-
-
-
470
total
-
-
-
470
Employee
5 032
-
47 000
-
income
1 006
-
9 400
-
total
1 006
-
9 400
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

41 968
47 000
-
-
total
-
-
-
-
Dividends
41 968
47 000
-
-
withholding
2 098
2 350
-
-
total
2 098
2 350
-
-
Income
47 000
47 000
47 000
47 000
Total tax
3 104
2 350
9 400
470
After tax
43 896
44 650
37 600
46 530
Living cost
4 026
4 026
4 026
4 026
Free-cash
39 870
40 624
33 574
42 504

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Batumi model

Close
Bratislava , Slovakia
₴21193
₴14213
₴12112
₴17813
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 970
other
-
-
-
2 232
health
-
-
-
2 068
pensions

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

-
-
-
11 280
total
-
-
-
21 550
Employee
18 175
-
37 540
-
unemployment
181
-
375
-
pensions

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

1 272
-
2 628
-
income
3 129
-
6 462
-
health
255
-
525
-
total
4 837
-
9 990
-
Employer
18 175
-
37 540
-
health
255
-
525
-
pensions

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

3 090
-
6 382
-
accident
145
-
300
-
unemployment
181
-
375
-
other
909
-
1 877
-
total
4 580
-
9 459
-
Corporate
24 245
47 000
-
-
income
5 092
9 870
-
-
total
5 092
9 870
-
-
Dividends
19 153
37 130
-
-
withholding
1 340
2 599
-
-
total
1 340
2 599
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 849
12 469
19 449
21 550
After tax
31 151
34 531
27 551
25 450
Living cost
13 338
13 338
13 338
13 338
Free-cash
17 813
21 193
14 213
12 112

Estimated living cost  is ₴13338 per week

₴9424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴1628
-₴4042
₴874
-₴7032
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 149
pensions
-
-
-
3 391
total
-
-
-
12 540
Employee
47 520
-
41 440
-
pensions
4 584
-
3 854
-
income
8 566
-
7 386
-
health
783
-
658
-
total
13 933
-
11 898
-
Employer
47 520
-
41 440
-
health
902
-
787
-
pensions
5 611
-
4 771
-
total
6 513
-
5 558
-
Corporate
-
47 000
-
-
income

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

-
8 930
-
-
total
-
8 930
-
-
Dividends
-
38 070
-
-
withholding
-
2 856
-
-
total
-
2 856
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 446
11 786
17 456
12 540
After tax
26 554
35 214
29 544
34 460
Living cost
33 586
33 586
33 586
33 586
Free-cash
-7 032
1 628
-4 042
874

Estimated living cost  is ₴33586 per week

₴25167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3946
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₴33622
₴30119
₴28718
₴31296
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
income
-
-
-
7 050
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
11 719
Employee
8 690
-
43 570
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
pensions

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

763
-
1 535
-
income
869
-
4 357
-
health
400
-
804
-
total
2 128
-
6 888
-
Employer
8 690
-
43 570
-
health
600
-
1 206
-
pensions

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

958
-
1 927
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
unemployment
52
-
105
-
total
1 706
-
3 430
-
Corporate
36 604
47 000
-
-
income
3 660
4 700
-
-
total
3 660
4 700
-
-
Dividends
32 944
42 300
-
-
withholding
1 647
2 115
-
-
total
1 647
2 115
-
-
Income
47 000
47 000
47 000
47 000
Total tax
9 141
6 815
10 318
11 719
After tax
37 859
40 185
36 682
35 281
Living cost
6 563
6 563
6 563
6 563
Free-cash
31 296
33 622
30 119
28 718

Estimated living cost  is ₴6563 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴6685
-₴9494
-₴1062
-₴7535
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
income
-
-
-
8 617
health
-
-
-
5 823
pensions
-
-
-
5 865
total
-
-
-
20 305
Employee
46 408
42 746
42 746
-
pensions
5 865
5 865
7 694
-
income

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

6 997
6 997
6 997
-
health
5 790
5 581
6 561
-
total
18 652
18 443
21 252
-
Employer
46 408
42 746
42 746
-
health
3 225
2 971
2 971
-
pensions
3 230
2 975
2 975
-
unemployment
1 671
1 539
1 539
-
total
8 126
7 485
7 485
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
26 778
25 928
28 737
20 305
After tax
20 222
21 072
18 263
26 695
Living cost
27 757
27 757
27 757
27 757
Free-cash
-7 535
-6 685
-9 494
-1 062

Estimated living cost  is ₴27757 per week

₴20475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2479
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴20103
₴11593
₴10634
₴15730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
income
-
-
-
4 040
social contributions
-
-
-
13 724
solidarity contribution
-
-
-
-
health
-
-
-
6 345
total
-
-
-
24 109
Employee
18 025
-
35 075
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
2 280
-
income
2 163
-
4 209
-
health
2 433
-
4 735
-
total
5 768
-
11 224
-
Employer
18 025
-
35 075
-
health
1 622
-
3 157
-
social contributions
4 506
-
8 769
-
total
6 128
-
11 926
-
Corporate
22 846
47 000
-
-
income
4 341
8 930
-
-
total
4 341
8 930
-
-
Dividends
18 505
38 070
-
-
withholding
2 776
5 710
-
-
total
2 776
5 710
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 013
14 640
23 150
24 109
After tax
27 987
32 360
23 850
22 891
Living cost
12 257
12 257
12 257
12 257
Free-cash
15 730
20 103
11 593
10 634

Estimated living cost  is ₴12257 per week

₴8514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴3955
₴991
₴3225
₴1340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
12 089
regional
-
-
-
514
municipal
-
-
-
279
national
-
-
-
9 771
total
-
-
-
22 653
Employee
44 487
-
47 000
-
municipal
236
-
249
-
national
7 709
-
8 342
-
regional
420
-
448
-
social contributions
15 001
-
15 848
-
total
23 366
-
24 887
-
Employer
44 487
-
47 000
-
total
-
-
-
-
Corporate
2 513
47 000
-
-
municipal
98
1 833
-
-
nationa
603
11 280
-
-
total
701
13 113
-
-
Dividends
1 812
33 887
-
-
withholding
471
8 810
-
-
total
471
8 810
-
-
Income
47 000
47 000
47 000
47 000
Total tax
24 538
21 923
24 887
22 653
After tax
22 462
25 077
22 113
24 347
Living cost
21 122
21 122
21 122
21 122
Free-cash
1 340
3 955
991
3 225

Estimated living cost  is ₴21122 per week

₴14724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴18517
₴12544
₴13448
₴16959
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
income
-
-
-
8 645
other
-
-
-
-
surtax
-
-
-
1 010
unemployment
-
-
-
114
health
-
-
-
3 337
pensions
-
-
-
9 400
total
-
-
-
22 506
Employee
16 553
-
38 826
-
other
-
-
-
-
unemployment
1 152
-
2 702
-
pensions
1 104
-
2 589
-
surtax
54
-
905
-
income
2 775
-
8 051
-
health
423
-
990
-
total
5 508
-
15 237
-
Employer
16 553
-
38 826
-
health
753
-
1 767
-
pensions
2 207
-
5 175
-
unemployment
524
-
1 231
-
other
-
-
-
-
total
3 484
-
8 173
-
Corporate
26 962
47 000
-
-
income
7 010
12 220
-
-
total
7 010
12 220
-
-
Dividends
19 952
34 780
-
-
withholding
2 993
5 217
-
-
total
2 993
5 217
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 995
17 437
23 410
22 506
After tax
28 005
29 563
23 590
24 494
Living cost
11 046
11 046
11 046
11 046
Free-cash
16 959
18 517
12 544
13 448

Estimated living cost  is ₴11046 per week

₴6754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴12269
₴6599
₴11515
₴8318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 149
pensions
-
-
-
3 391
total
-
-
-
12 540
Employee
31 846
-
41 440
-
pensions
2 703
-
3 854
-
income
5 736
-
7 386
-
health
462
-
658
-
total
8 901
-
11 898
-
Employer
31 846
-
41 440
-
health
605
-
787
-
pensions
3 447
-
4 771
-
total
4 052
-
5 558
-
Corporate
11 101
47 000
-
-
income

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

2 109
8 930
-
-
total
2 109
8 930
-
-
Dividends
8 992
38 070
-
-
withholding
675
2 856
-
-
total
675
2 856
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 737
11 786
17 456
12 540
After tax
31 263
35 214
29 544
34 460
Living cost
22 945
22 945
22 945
22 945
Free-cash
8 318
12 269
6 599
11 515

Estimated living cost  is ₴22945 per week

₴17190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1720
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴18110
-₴2626
-₴210
-₴3761
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
other

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

-
-
-
940
regional
-
-
-
1 503
health
-
-
-
129
city
-
-
-
495
national
-
-
-
217
pensions
-
-
-
4 324
total
-
-
-
7 608
Employee
46 345
-
42 067
-
unemployment
-
-
-
-
pensions
3 894
-
3 535
-
national
219
-
185
-
regional
1 518
-
1 286
-
city
497
-
452
-
health
105
-
95
-
total
6 233
-
5 553
-
Employer
46 345
-
42 067
-
health
105
-
95
-
pensions
3 894
-
3 535
-
unemployment
-
-
-
-
other

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

927
-
841
-
total
4 926
-
4 471
-
Corporate
-
47 000
-
-
regional
-
9 940
-
-
national
-
3 995
-
-
total
-
13 935
-
-
Dividends
-
33 064
-
-
withholding
-
11 573
-
-
total
-
11 573
-
-
Income
47 000
47 000
47 000
47 000
Total tax
11 159
25 508
10 024
7 608
After tax
35 841
21 492
36 976
39 392
Living cost
39 602
39 602
39 602
39 602
Free-cash
-3 761
-18 110
-2 626
-210

Estimated living cost  is ₴39602 per week

₴25753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
₴357
₴10886
₴6817
₴8475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
47 000
income

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

-
-
-
9 254
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.

-
-
-
509
health

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

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

-
-
-
3 420
trade
-
-
-
4 069
total
-
-
-
17 252
Employee

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

30 083
-
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.

195
-
509
-
income

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

3 537
-
9 254
-
health

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

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

3 420
-
3 420
-
total
7 152
-
13 183
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 917
47 000
-
-
income
2 537
7 050
-
-
surtax

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

140
388
-
-
chamber of commerce
100
142
-
-
trade
2 901
8 061
-
-
total
5 678
15 641
-
-
Dividends
11 240
31 359
-
-
surtax

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

144
421
-
-
withholding
2 620
7 650
-
-
total
2 764
8 071
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 594
23 712
13 183
17 252
After tax
31 406
23 288
33 817
29 748
Living cost
22 931
22 931
22 931
22 931
Free-cash
8 475
357
10 886
6 817

Estimated living cost  is ₴22931 per week

₴16748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
₴6562
₴9726
₴10027
₴9519
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 043
other
-
-
-
1 458
surtax
-
-
-
-
social contributions
-
-
-
1 339
health
-
-
-
703
pensions
-
-
-
12 304
total
-
-
-
19 847
Employee
21 423
-
35 815
-
pensions
2 422
-
4 051
-
surtax
-
-
-
-
social contributions
611
-
1 020
-
income
1 264
-
3 891
-
total
4 297
-
8 962
-
Employer
21 423
-
35 815
-
health
1 500
-
2 507
-
pensions
3 519
-
5 885
-
unemployment
867
-
1 451
-
social contributions
65
-
107
-
other
739
-
1 236
-
total
6 690
-
11 186
-
Corporate
18 887
47 000
-
-
income
5 288
13 160
-
-
surtax
-
-
-
-
total
5 288
13 160
-
-
Dividends
13 598
33 840
-
-
surtax
-
-
-
-
social contributions
2 340
5 820
-
-
withholding
1 740
4 332
-
-
total
4 080
10 152
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 355
23 312
20 148
19 847
After tax
26 645
23 688
26 852
27 153
Living cost
17 126
17 126
17 126
17 126
Free-cash
9 519
6 562
9 726
10 027

Estimated living cost  is ₴17126 per week

₴10799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1393
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴8259
₴11423
₴11724
₴11041
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 043
other
-
-
-
1 458
surtax
-
-
-
-
social contributions
-
-
-
1 339
health
-
-
-
703
pensions
-
-
-
12 304
total
-
-
-
19 847
Employee
19 123
-
35 815
-
pensions
2 163
-
4 051
-
surtax
-
-
-
-
social contributions
545
-
1 020
-
income
986
-
3 891
-
total
3 694
-
8 962
-
Employer
19 123
-
35 815
-
health
1 338
-
2 507
-
pensions
3 142
-
5 885
-
unemployment
774
-
1 451
-
social contributions
57
-
107
-
other
660
-
1 236
-
total
5 971
-
11 186
-
Corporate
21 905
47 000
-
-
income
6 134
13 160
-
-
surtax
-
-
-
-
total
6 134
13 160
-
-
Dividends
15 771
33 840
-
-
surtax
-
-
-
-
social contributions
2 712
5 820
-
-
withholding
2 019
4 332
-
-
total
4 731
10 152
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 530
23 312
20 148
19 847
After tax
26 470
23 688
26 852
27 153
Living cost
15 429
15 429
15 429
15 429
Free-cash
11 041
8 259
11 423
11 724

Estimated living cost  is ₴15429 per week

₴8948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴18059
₴19809
₴19569
₴18320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
income
-
-
-
7 050
social contributions
-
-
-
6 486
health
-
-
-
3 281
total
-
-
-
16 817
Employee
16 972
-
47 000
-
social contributions
2 342
-
6 486
-
income
2 831
-
6 810
-
health
1 185
-
3 281
-
total
6 358
-
16 577
-
Employer
16 972
-
47 000
-
total
-
-
-
-
Corporate
30 028
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%.

1 502
2 350
-
-
total
1 502
2 350
-
-
Dividends
28 526
44 650
-
-
social contributions
3 936
6 162
-
-
withholding
4 279
6 698
-
-
health
1 991
3 117
-
-
total
10 206
15 977
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 066
18 327
16 577
16 817
After tax
28 934
28 673
30 423
30 183
Living cost
10 614
10 614
10 614
10 614
Free-cash
18 320
18 059
19 809
19 569

Estimated living cost  is ₴10614 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴654
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴8763
-₴2983
₴6411
₴7988
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 304
surtax
-
-
-
99
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
188
health
-
-
-
3 595
pensions
-
-
-
8 695
total
-
-
-
22 951
Employee
25 016
19 948
36 421
-
other
250
199
364
-
unemployment
750
598
1 092
-
pensions
2 562
2 042
3 729
-
income
2 848
1 471
6 542
-
health
968
772
1 410
-
total
7 378
5 082
13 137
-
Employer
25 016
19 948
36 421
-
chamber of commerce
100
80
145
-
health
945
754
1 376
-
pensions
3 139
2 504
4 571
-
accident
325
259
473
-
unemployment
750
598
1 092
-
surtax
99
99
99
-
payroll
750
598
1 092
-
other
1 188
947
1 730
-
total
7 296
5 839
10 578
-
Corporate
14 687
21 212
34 521
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

3 671
5 303
8 630
-
total
3 671
5 303
8 630
-
Dividends
11 016
15 909
-
-
withholding
3 029
4 375
-
-
total
3 029
4 375
-
-
Income
47 000
47 000
47 000
47 000
Total tax
21 374
20 599
32 345
22 951
After tax
25 626
26 401
14 655
24 049
Living cost
17 638
17 638
17 638
17 638
Free-cash
7 988
8 763
-2 983
6 411

Estimated living cost  is ₴17638 per week

₴11764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4080
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₴8120
₴254
₴4197
₴612
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
communal

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

-
-
-
2 390
social contributions
-
-
-
7 167
national
-
-
-
14 995
total
-
-
-
24 552
Employee

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

35 805
-
36 403
-
unemployment

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

312
-
316
-
communal

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

1 868
-
1 899
-
pensions

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

2 685
-
2 730
-
national
11 008
-
11 242
-
health

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

1 682
-
1 711
-
total
17 555
-
17 898
-
Employer

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

35 805
-
36 403
-
health

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

2 202
-
2 239
-
pensions

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

3 173
-
3 225
-
accident

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

465
-
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.

522
-
532
-
surtax
4 060
-
4 128
-
total
10 422
-
10 597
-
Corporate
772
47 000
-
-
income
155
9 400
-
-
surtax
3
188
-
-
total
158
9 588
-
-
Dividends
614
37 412
-
-
withholding

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

2
11 041
-
-
total
2
11 041
-
-
Income
47 000
47 000
47 000
47 000
Total tax
28 137
20 629
28 495
24 552
After tax
18 863
26 371
18 505
22 448
Living cost
18 251
18 251
18 251
18 251
Free-cash
612
8 120
254
4 197

Estimated living cost  is ₴18251 per week

₴11756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1596
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴13597
₴7029
₴6821
₴9609
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
income
-
-
-
8 182
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
22 102
Employee
24 917
-
35 638
-
other
25
-
36
-
unemployment
387
-
553
-
pensions
1 171
-
1 675
-
income
5 257
-
8 269
-
total
6 840
-
10 533
-
Employer
24 917
-
35 638
-
pensions
5 880
-
8 410
-
accident
493
-
706
-
unemployment
1 371
-
1 960
-
other
199
-
285
-
total
7 943
-
11 361
-
Corporate
14 141
47 000
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

2 121
7 050
-
-
total
2 121
7 050
-
-
Dividends
12 020
39 950
-
-
withholding
2 410
8 276
-
-
total
2 410
8 276
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 314
15 326
21 894
22 102
After tax
27 686
31 674
25 106
24 898
Living cost
18 077
18 077
18 077
18 077
Free-cash
9 609
13 597
7 029
6 821

Estimated living cost  is ₴18077 per week

₴13312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1282
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴1653
₴2261
₴64
-₴1605
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
communal
-
-
-
2 970
accident
-
-
-
396
income
-
-
-
3 689
surtax
-
-
-
2 330
health
-
-
-
3 303
pensions
-
-
-
7 045
total
-
-
-
19 733
Employee
37 907
-
41 983
-
pensions
3 032
-
3 359
-
surtax
2 323
-
2 573
-
income
3 661
-
4 719
-
health
1 687
-
1 868
-
total
10 703
-
12 519
-
Employer
37 907
-
41 983
-
health
1 156
-
1 280
-
pensions
3 032
-
3 359
-
accident
341
-
378
-
total
4 529
-
5 017
-
Corporate
4 564
47 000
-
-
communal
-
3 173
-
-
income
685
7 050
-
-
surtax
47
494
-
-
total
732
10 717
-
-
Dividends
3 831
36 283
-
-
income
4 863
1 985
-
-
withholding
575
5 442
-
-
total
5 438
7 427
-
-
Income
47 000
47 000
47 000
47 000
Total tax
21 402
18 144
17 536
19 733
After tax
25 598
28 856
29 464
27 267
Living cost
27 203
27 203
27 203
27 203
Free-cash
-1 605
1 653
2 261
64

Estimated living cost  is ₴27203 per week

₴20406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴18320
₴12347
₴13251
₴16728
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
income
-
-
-
8 645
other
-
-
-
-
surtax
-
-
-
1 010
unemployment
-
-
-
114
health
-
-
-
3 337
pensions
-
-
-
9 400
total
-
-
-
22 506
Employee
16 857
-
38 826
-
other
-
-
-
-
unemployment
1 173
-
2 702
-
pensions
1 125
-
2 589
-
surtax
60
-
905
-
income
2 826
-
8 051
-
health
430
-
990
-
total
5 614
-
15 237
-
Employer
16 857
-
38 826
-
health
767
-
1 767
-
pensions
2 247
-
5 175
-
unemployment
535
-
1 231
-
other
-
-
-
-
total
3 549
-
8 173
-
Corporate
26 594
47 000
-
-
income
6 914
12 220
-
-
total
6 914
12 220
-
-
Dividends
19 680
34 780
-
-
withholding
2 952
5 217
-
-
total
2 952
5 217
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 029
17 437
23 410
22 506
After tax
27 971
29 563
23 590
24 494
Living cost
11 243
11 243
11 243
11 243
Free-cash
16 728
18 320
12 347
13 251

Estimated living cost  is ₴11243 per week

₴6788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴11220
₴8445
₴10668
₴10109
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
12 089
regional
-
-
-
709
municipal
-
-
-
279
national
-
-
-
9 771
total
-
-
-
22 848
Employee
27 767
-
47 000
-
municipal
147
-
249
-
national
4 399
-
8 342
-
regional
374
-
632
-
social contributions
9 363
-
15 848
-
total
14 283
-
25 071
-
Employer
27 767
-
47 000
-
total
-
-
-
-
Corporate
19 233
47 000
-
-
municipal
956
2 336
-
-
nationa
4 616
11 280
-
-
total
5 572
13 616
-
-
Dividends
13 662
33 384
-
-
withholding
3 552
8 680
-
-
total
3 552
8 680
-
-
Income
47 000
47 000
47 000
47 000
Total tax
23 407
22 296
25 071
22 848
After tax
23 593
24 704
21 929
24 152
Living cost
13 484
13 484
13 484
13 484
Free-cash
10 109
11 220
8 445
10 668

Estimated living cost  is ₴13484 per week

₴8386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴17256
₴8746
₴7787
₴11867
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
income
-
-
-
4 040
social contributions
-
-
-
13 724
solidarity contribution
-
-
-
-
health
-
-
-
6 345
total
-
-
-
24 109
Employee
22 212
-
35 075
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
2 280
-
income
2 665
-
4 209
-
health
2 999
-
4 735
-
total
7 108
-
11 224
-
Employer
22 212
-
35 075
-
health
1 999
-
3 157
-
social contributions
5 553
-
8 769
-
total
7 552
-
11 926
-
Corporate
17 236
47 000
-
-
income
3 275
8 930
-
-
total
3 275
8 930
-
-
Dividends
13 961
38 070
-
-
withholding
2 094
5 710
-
-
total
2 094
5 710
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 029
14 640
23 150
24 109
After tax
26 971
32 360
23 850
22 891
Living cost
15 104
15 104
15 104
15 104
Free-cash
11 867
17 256
8 746
7 787

Estimated living cost  is ₴15104 per week

₴11232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴10485
-₴1300
₴8178
₴10237
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 304
surtax
-
-
-
-
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
188
health
-
-
-
3 595
pensions
-
-
-
8 695
total
-
-
-
22 852
Employee
21 881
19 948
36 496
-
other
218
199
365
-
unemployment
656
598
1 095
-
pensions
2 241
2 042
3 737
-
income
1 949
1 471
6 568
-
health
846
772
1 413
-
total
5 910
5 082
13 178
-
Employer
21 881
19 948
36 496
-
chamber of commerce
87
80
146
-
health
827
754
1 379
-
pensions
2 746
2 504
4 580
-
accident
284
259
474
-
unemployment
656
598
1 095
-
surtax
-
-
-
-
payroll
656
598
1 095
-
other
1 039
947
1 734
-
total
6 295
5 740
10 503
-
Corporate
18 822
21 311
34 596
-
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.

4 706
5 328
8 649
-
total
4 706
5 328
8 649
-
Dividends
14 116
15 983
-
-
withholding
3 882
4 395
-
-
total
3 882
4 395
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 793
20 545
32 330
22 852
After tax
26 207
26 455
14 670
24 148
Living cost
15 970
15 970
15 970
15 970
Free-cash
10 237
10 485
-1 300
8 178

Estimated living cost  is ₴15970 per week

₴9580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴38377
₴31327
₴40257
₴37201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 842
-
47 000
-
income
1 568
-
9 400
-
total
1 568
-
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%.

39 158
47 000
-
-
total
-
-
-
-
Dividends
39 158
47 000
-
-
withholding
1 958
2 350
-
-
total
1 958
2 350
-
-
Income
47 000
47 000
47 000
47 000
Total tax
3 526
2 350
9 400
470
After tax
43 474
44 650
37 600
46 530
Living cost
6 273
6 273
6 273
6 273
Free-cash
37 201
38 377
31 327
40 257

Estimated living cost  is ₴6273 per week

₴4245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴18933
₴9678
₴11026
₴14747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 271
unemployment
-
-
-
70
health
-
-
-
4 624
pensions
-
-
-
8 583
total
-
-
-
22 548
Employee

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

22 135
-
40 668
-
unemployment
31
-
57
-
pensions
3 431
-
6 304
-
income
3 817
-
8 576
-
health
1 430
-
2 627
-
total
8 709
-
17 564
-
Employer

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

22 135
-
40 668
-
health
1 474
-
2 708
-
pensions
1 959
-
3 599
-
unemployment
13
-
25
-
total
3 446
-
6 332
-
Corporate
21 419
47 000
-
-
income
4 069
8 930
-
-
total
4 069
8 930
-
-
Dividends
17 349
38 070
-
-
withholding
2 603
5 711
-
-
total
2 603
5 711
-
-
Income
47 000
47 000
47 000
47 000
Total tax
18 827
14 641
23 896
22 548
After tax
28 173
32 359
23 104
24 452
Living cost
13 426
13 426
13 426
13 426
Free-cash
14 747
18 933
9 678
11 026

Estimated living cost  is ₴13426 per week

₴9214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴7215
₴19102
₴11101
-₴26881
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
income
-
-
-
9 161
social contributions
-
-
-
5 358
total
-
-
-
14 519
Employee
30 656
-
-
-
social contributions
2 514
-
358
-
income
6 762
-
-
-
total
9 276
-
358
-
Employer
30 656
-
-
-
social contributions
43 225
-
6 160
-
total
43 225
-
6 160
-
Corporate
-
47 000
-
-
income
-
10 340
-
-
total
-
10 340
-
-
Dividends
-
36 660
-
-
income
-
8 065
-
-
total
-
8 065
-
-
Income
47 000
47 000
47 000
47 000
Total tax
52 501
18 405
6 518
14 519
After tax
-5 501
28 595
40 482
32 481
Living cost
21 380
21 380
21 380
21 380
Free-cash
-26 881
7 215
19 102
11 101

Estimated living cost  is ₴21380 per week

₴13872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴11032
₴8452
₴10706
₴10529
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 260
surtax
-
-
-
-
social contributions

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

-
-
-
16 333
total
-
-
-
20 593
Employee
23 022
-
37 980
-
surtax
-
-
-
-
social contributions
2 532
-
4 178
-
income
4 789
-
9 649
-
total
7 321
-
13 827
-
Employer
23 022
-
37 980
-
social contributions
5 468
-
9 020
-
total
5 468
-
9 020
-
Corporate
18 510
47 000
-
-
income
3 887
9 870
-
-
surtax
-
-
-
-
total
3 887
9 870
-
-
Dividends
14 623
37 130
-
-
withholding
4 094
10 397
-
-
total
4 094
10 397
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 770
20 267
22 847
20 593
After tax
26 230
26 733
24 153
26 407
Living cost
15 701
15 701
15 701
15 701
Free-cash
10 529
11 032
8 452
10 706

Estimated living cost  is ₴15701 per week

₴11748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
-₴488
₴2676
₴2977
₴2954
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 043
other
-
-
-
1 458
surtax
-
-
-
-
social contributions
-
-
-
1 339
health
-
-
-
703
pensions
-
-
-
12 304
total
-
-
-
19 847
Employee
31 351
-
35 815
-
pensions
3 546
-
4 051
-
surtax
-
-
-
-
social contributions
893
-
1 020
-
income
2 735
-
3 891
-
total
7 174
-
8 962
-
Employer
31 351
-
35 815
-
health
2 194
-
2 507
-
pensions
5 151
-
5 885
-
unemployment
1 270
-
1 451
-
social contributions
94
-
107
-
other
1 082
-
1 236
-
total
9 791
-
11 186
-
Corporate
5 857
47 000
-
-
income
1 640
13 160
-
-
surtax
-
-
-
-
total
1 640
13 160
-
-
Dividends
4 217
33 840
-
-
surtax
-
-
-
-
social contributions
725
5 820
-
-
withholding
540
4 332
-
-
total
1 265
10 152
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 870
23 312
20 148
19 847
After tax
27 130
23 688
26 852
27 153
Living cost
24 176
24 176
24 176
24 176
Free-cash
2 954
-488
2 676
2 977

Estimated living cost  is ₴24176 per week

₴16362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴27253
₴22236
₴20920
₴25572
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
693
social contributions
-
-
-
10 340
total
-
-
-
11 033
Employee
16 093
-
40 693
-
income
-
-
765
-
social contributions
1 046
-
2 645
-
total
1 046
-
3 410
-
Employer
16 093
-
40 693
-
social contributions
2 494
-
6 307
-
total
2 494
-
6 307
-
Corporate
28 413
47 000
-
-
income
2 841
4 700
-
-
total
2 841
4 700
-
-
Dividends
25 572
42 300
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
6 381
4 700
9 717
11 033
After tax
40 619
42 300
37 283
35 967
Living cost
15 047
15 047
15 047
15 047
Free-cash
25 572
27 253
22 236
20 920

Estimated living cost  is ₴15047 per week

₴9729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴62059
-₴62059
₴5226
-₴62059
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
labour market
-
-
-
3 725
municipal
-
-
-
8 570
national
-
-
-
4 938
pensions
-
-
-
434
total
-
-
-
17 667
Employee
101 748
101 748
101 748
-
municipal
21 667
21 667
21 667
-
labour market
8 128
8 128
8 128
-
pensions
145
145
145
-
national
12 430
12 430
12 430
-
total
42 370
42 370
42 370
-
Employer
101 748
101 748
101 748
-
national
12 452
12 452
12 452
-
labour market
8 140
8 140
8 140
-
pensions
289
289
289
-
municipal
21 701
21 701
21 701
-
total
42 582
42 582
42 582
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
47 000
47 000
47 000
47 000
Total tax
84 952
84 952
84 952
17 667
After tax
-37 952
-37 952
-37 952
29 333
Living cost
24 107
24 107
24 107
24 107
Free-cash
-62 059
-62 059
-62 059
5 226

Estimated living cost  is ₴24107 per week

₴16499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴7188
₴13048
₴21287
₴2120
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
11 185
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
14 718
Employee
17 296
-
39 773
-
pensions
1 948
-
3 870
-
income
2 373
-
7 307
-
health
1 980
-
4 554
-
total
6 301
-
15 731
-
Employer
17 296
-
39 773
-
pensions
2 812
-
5 588
-
accident
289
-
664
-
unemployment
424
-
974
-
total
3 525
-
7 226
-
Corporate
26 180
47 000
-
-
income

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

23 562
42 300
-
-
total
23 562
42 300
-
-
Dividends
2 618
4 700
-
-
withholding
497
893
-
-
total
497
893
-
-
Income
47 000
47 000
47 000
47 000
Total tax
33 885
43 193
22 957
14 718
After tax
13 115
3 807
24 043
32 282
Living cost
10 995
10 995
10 995
10 995
Free-cash
2 120
-7 188
13 048
21 287

Estimated living cost  is ₴10995 per week

₴8003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴12266
₴7839
₴14498
₴10861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
47 000
health
-
-
-
515
municipal
-
-
-
8 368
national
-
-
-
4 401
total
-
-
-
13 284
Employee
26 336
-
39 538
-
municipal
4 314
-
6 457
-
unemployment
395
-
593
-
pensions
1 777
-
2 669
-
national
435
-
2 364
-
health
197
-
400
-
total
7 118
-
12 483
-
Employer
26 336
-
39 538
-
health
202
-
304
-
pensions
4 569
-
6 859
-
accident
27
-
40
-
unemployment
171
-
257
-
total
4 969
-
7 460
-
Corporate
15 695
47 000
-
-
income
3 139
9 400
-
-
total
3 139
9 400
-
-
Dividends

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

9 417
28 200
-
-
municipal
1 695
5 076
-
-
national
-
1 040
-
-
total
1 695
6 116
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 921
15 516
19 943
13 284
After tax
30 079
31 484
27 057
33 716
Living cost
19 218
19 218
19 218
19 218
Free-cash
10 861
12 266
7 839
14 498

Estimated living cost  is ₴19218 per week

₴12553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴22831
₴22123
₴22169
₴20108
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 711
social contributions
-
-
-
7 332
health
-
-
-
1 199
total
-
-
-
13 242
Employee
38 491
38 491
42 669
-
social contributions
1 455
3 195
3 541
-
income
4 191
3 563
4 691
-
health
298
654
726
-
total
5 944
7 412
8 958
-
Employer
38 491
38 491
42 669
-
health
324
712
789
-
social contributions
1 455
3 195
3 541
-
total
1 779
3 907
4 330
-
Corporate
27 687
4 602
-
-
income
3 461
576
-
-
total
3 461
576
-
-
Dividends
24 226
4 027
-
-
withholding
4 119
685
-
-
total
4 119
685
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 303
12 580
13 288
13 242
After tax
31 697
34 420
33 712
33 758
Living cost
11 589
11 589
11 589
11 589
Free-cash
20 108
22 831
22 123
22 169

Estimated living cost  is ₴11589 per week

₴6946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴30974
₴21052
₴29602
₴28426
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 442
unemployment
-
-
-
14
health
-
-
-
1 811
pensions
-
-
-
3 184
total
-
-
-
9 451
Employee

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

11 490
-
42 611
-
unemployment
57
-
213
-
pensions
1 723
-
6 392
-
income
786
-
3 386
-
health
977
-
3 622
-
total
3 543
-
13 613
-
Employer

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

11 490
-
42 611
-
health
494
-
1 832
-
pensions
632
-
2 343
-
unemployment
57
-
213
-
total
1 183
-
4 388
-
Corporate
34 328
47 000
-
-
income
3 089
4 230
-
-
total
3 089
4 230
-
-
Dividends
31 239
42 770
-
-
withholding
2 812
3 849
-
-
total
2 812
3 849
-
-
Income
47 000
47 000
47 000
47 000
Total tax
10 627
8 079
18 001
9 451
After tax
36 373
38 921
28 999
37 549
Living cost
7 947
7 947
7 947
7 947
Free-cash
28 426
30 974
21 052
29 602

Estimated living cost  is ₴7947 per week

₴5071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴17909
₴11341
₴11133
₴15285
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
income
-
-
-
8 182
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
22 102
Employee
18 509
-
35 638
-
other
18
-
36
-
unemployment
287
-
553
-
pensions
870
-
1 675
-
income
3 568
-
8 269
-
total
4 743
-
10 533
-
Employer
18 509
-
35 638
-
pensions
4 368
-
8 410
-
accident
367
-
706
-
unemployment
1 018
-
1 960
-
other
148
-
285
-
total
5 901
-
11 361
-
Corporate
22 590
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.

3 388
7 050
-
-
total
3 388
7 050
-
-
Dividends
19 202
39 950
-
-
withholding
3 918
8 276
-
-
total
3 918
8 276
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 950
15 326
21 894
22 102
After tax
29 050
31 674
25 106
24 898
Living cost
13 765
13 765
13 765
13 765
Free-cash
15 285
17 909
11 341
11 133

Estimated living cost  is ₴13765 per week

₴9291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴28317
₴28873
₴28945
₴28151
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 771
health
-
-
-
535
pensions
-
-
-
738
total
-
-
-
17 044
Employee
1 540
-
46 170
-
unemployment
15
-
37
-
pensions
139
-
332
-
income
298
-
15 733
-
health
77
-
184
-
total
529
-
16 286
-
Employer
1 540
-
46 170
-
health
146
-
350
-
pensions
169
-
406
-
unemployment
31
-
74
-
total
346
-
830
-
Corporate
45 113
47 000
-
-
income
9 925
10 340
-
-
total
9 925
10 340
-
-
Dividends
35 188
36 660
-
-
withholding
7 038
7 332
-
-
total
7 038
7 332
-
-
Income
47 000
47 000
47 000
47 000
Total tax
17 838
17 672
17 116
17 044
After tax
29 162
29 328
29 884
29 956
Living cost
1 011
1 011
1 011
1 011
Free-cash
28 151
28 317
28 873
28 945

Estimated living cost  is ₴1011 per week

₴601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴25297
₴15830
₴15831
₴22833
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
47 000
income
-
-
-
8 518
unemployment
-
-
-
555
health
-
-
-
3 812
pensions
-
-
-
9 623
total
-
-
-
22 508
Employee

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

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

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

13 060
-
40 375
-
unemployment
98
-
278
-
pensions
1 828
-
5 182
-
income
1 800
-
8 518
-
health
673
-
1 906
-
total
4 399
-
15 884
-
Employer

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

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

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

13 060
-
40 375
-
health
673
-
1 906
-
pensions
1 567
-
4 441
-
unemployment
98
-
278
-
total
2 338
-
6 625
-
Corporate
31 602
47 000
-
-
income
4 740
7 050
-
-
total
4 740
7 050
-
-
Dividends
26 862
39 950
-
-
withholding
4 029
5 992
-
-
total
4 029
5 992
-
-
Income
47 000
47 000
47 000
47 000
Total tax
15 506
13 042
22 509
22 508
After tax
31 494
33 958
24 491
24 492
Living cost
8 661
8 661
8 661
8 661
Free-cash
22 833
25 297
15 830
15 831

Estimated living cost  is ₴8661 per week

₴5832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴13238
₴10658
₴12912
₴13059
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 260
surtax
-
-
-
-
social contributions

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

-
-
-
16 333
total
-
-
-
20 593
Employee
19 428
-
37 980
-
surtax
-
-
-
-
social contributions
2 137
-
4 178
-
income
3 796
-
9 649
-
total
5 933
-
13 827
-
Employer
19 428
-
37 980
-
social contributions
4 614
-
9 020
-
total
4 614
-
9 020
-
Corporate
22 958
47 000
-
-
income
4 821
9 870
-
-
surtax
-
-
-
-
total
4 821
9 870
-
-
Dividends
18 138
37 130
-
-
withholding
5 078
10 397
-
-
total
5 078
10 397
-
-
Income
47 000
47 000
47 000
47 000
Total tax
20 446
20 267
22 847
20 593
After tax
26 554
26 733
24 153
26 407
Living cost
13 495
13 495
13 495
13 495
Free-cash
13 059
13 238
10 658
12 912

Estimated living cost  is ₴13495 per week

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

Source of data for Porto model

Close
Madrid , Spain
₴14082
₴7514
₴7306
₴10265
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
income
-
-
-
8 182
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
22 102
Employee
24 175
-
35 638
-
other
24
-
36
-
unemployment
374
-
553
-
pensions
1 136
-
1 675
-
income
5 049
-
8 269
-
total
6 583
-
10 533
-
Employer
24 175
-
35 638
-
pensions
5 705
-
8 410
-
accident
479
-
706
-
unemployment
1 330
-
1 960
-
other
194
-
285
-
total
7 708
-
11 361
-
Corporate
15 118
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.

2 267
7 050
-
-
total
2 267
7 050
-
-
Dividends
12 850
39 950
-
-
withholding
2 585
8 276
-
-
total
2 585
8 276
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 143
15 326
21 894
22 102
After tax
27 857
31 674
25 106
24 898
Living cost
17 592
17 592
17 592
17 592
Free-cash
10 265
14 082
7 514
7 306

Estimated living cost  is ₴17592 per week

₴12634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴31574
₴28071
₴26670
₴28525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
income
-
-
-
7 050
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
11 719
Employee
11 402
-
43 570
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

1 001
-
1 535
-
income
1 140
-
4 357
-
health
525
-
804
-
total
2 791
-
6 888
-
Employer
11 402
-
43 570
-
health
787
-
1 206
-
pensions

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

1 256
-
1 927
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 236
-
3 430
-
Corporate
33 361
47 000
-
-
income
3 336
4 700
-
-
total
3 336
4 700
-
-
Dividends
30 024
42 300
-
-
withholding
1 501
2 115
-
-
total
1 501
2 115
-
-
Income
47 000
47 000
47 000
47 000
Total tax
9 864
6 815
10 318
11 719
After tax
37 136
40 185
36 682
35 281
Living cost
8 611
8 611
8 611
8 611
Free-cash
28 525
31 574
28 071
26 670

Estimated living cost  is ₴8611 per week

₴5695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴4931
₴14492
₴11088
₴11480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
47 000
income

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

-
-
-
9 254
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.

-
-
-
509
health

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

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

-
-
-
3 420
trade
-
-
-
3 404
total
-
-
-
16 587
Employee

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

24 906
-
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.

113
-
509
-
income

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

2 048
-
9 254
-
health

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

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

3 420
-
3 420
-
total
5 581
-
13 183
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
22 094
47 000
-
-
income
3 314
7 050
-
-
surtax

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

182
388
-
-
chamber of commerce
108
145
-
-
trade
3 171
6 744
-
-
total
6 775
14 327
-
-
Dividends
15 318
32 673
-
-
surtax

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

200
439
-
-
withholding
3 639
7 978
-
-
total
3 839
8 417
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 195
22 744
13 183
16 587
After tax
30 805
24 256
33 817
30 413
Living cost
19 325
19 325
19 325
19 325
Free-cash
11 480
4 931
14 492
11 088

Estimated living cost  is ₴19325 per week

₴13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₴4386
₴3844
₴3844
₴5492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 526
social contributions
-
-
-
4 116
total
-
-
-
14 642
Employee
39 155
-
47 000
-
income
7 388
-
10 526
-
social contributions
3 253
-
4 116
-
total
10 641
-
14 642
-
Employer
39 155
-
47 000
-
total
-
-
-
-
Corporate
7 845
47 000
-
-
income
980
5 875
-
-
total
980
5 875
-
-
Dividends
6 865
41 125
-
-
withholding
1 373
8 225
-
-
total
1 373
8 225
-
-
Income
47 000
47 000
47 000
47 000
Total tax
12 994
14 100
14 642
14 642
After tax
34 006
32 900
32 358
32 358
Living cost
28 514
28 514
28 514
28 514
Free-cash
5 492
4 386
3 844
3 844

Estimated living cost  is ₴28514 per week

₴21693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₴9734
₴16299
₴11552
₴12009
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
47 000
income
-
-
-
14 249
health

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

-
-
-
3 028
total
-
-
-
17 277
Employee
22 963
-
44 697
-
income
2 492
-
7 925
-
social contributions
2 301
-
2 303
-
total
4 793
-
10 228
-
Employer
22 963
-
44 697
-
social contributions
2 301
-
2 303
-
total
2 301
-
2 303
-
Corporate
21 737
47 000
-
-
income
7 608
16 450
-
-
total
7 608
16 450
-
-
Dividends
14 129
30 550
-
-
social contributions
2 119
2 645
-
-
total
2 119
2 645
-
-
Income
47 000
47 000
47 000
47 000
Total tax
16 821
19 095
12 531
17 277
After tax
30 179
27 905
34 469
29 723
Living cost
18 170
18 170
18 170
18 170
Free-cash
12 009
9 734
16 299
11 552

Estimated living cost  is ₴18170 per week

₴11969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴16560
₴10890
₴15806
₴13727
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 149
pensions
-
-
-
3 391
total
-
-
-
12 540
Employee
25 605
-
41 440
-
pensions
1 954
-
3 854
-
income
4 663
-
7 386
-
health
334
-
658
-
total
6 951
-
11 898
-
Employer
25 605
-
41 440
-
health
487
-
787
-
pensions
2 587
-
4 771
-
total
3 074
-
5 558
-
Corporate
18 322
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.

3 481
8 930
-
-
total
3 481
8 930
-
-
Dividends
14 841
38 070
-
-
withholding
1 113
2 856
-
-
total
1 113
2 856
-
-
Income
47 000
47 000
47 000
47 000
Total tax
14 619
11 786
17 456
12 540
After tax
32 381
35 214
29 544
34 460
Living cost
18 654
18 654
18 654
18 654
Free-cash
13 727
16 560
10 890
15 806

Estimated living cost  is ₴18654 per week

₴12796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1715
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴8276
₴11960
₴20199
₴1954
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
11 185
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
14 718
Employee
19 008
-
39 773
-
pensions
2 140
-
3 870
-
income
2 608
-
7 307
-
health
2 176
-
4 554
-
total
6 924
-
15 731
-
Employer
19 008
-
39 773
-
pensions
3 091
-
5 588
-
accident
317
-
664
-
unemployment
466
-
974
-
total
3 874
-
7 226
-
Corporate
24 119
47 000
-
-
income

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

21 707
42 300
-
-
total
21 707
42 300
-
-
Dividends
2 412
4 700
-
-
withholding
458
893
-
-
total
458
893
-
-
Income
47 000
47 000
47 000
47 000
Total tax
32 963
43 193
22 957
14 718
After tax
14 037
3 807
24 043
32 282
Living cost
12 083
12 083
12 083
12 083
Free-cash
1 954
-8 276
11 960
20 199

Estimated living cost  is ₴12083 per week

₴8868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴704
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴32787
₴22100
₴20185
₴30751
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
47 000
income
-
-
-
7 126
unemployment
-
-
-
564
work injury
-
-
-
235
health insurance
-
-
-
3 478
pensions
-
-
-
8 648
total
-
-
-
20 051
Employee

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

10 822
-
47 000
-
health insurance
801
-
2 963
-
unemployment
130
-
480
-
work injury
54
-
200
-
pensions
1 991
-
7 367
-
income
1 082
-
7 126
-
total
4 058
-
18 136
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 178
47 000
-
-
income

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

-
470
-
-
total
-
470
-
-
Dividends
36 178
46 530
-
-
withholding
5 427
6 979
-
-
total
5 427
6 979
-
-
Income
47 000
47 000
47 000
47 000
Total tax
9 485
7 449
18 136
20 051
After tax
37 515
39 551
28 864
26 949
Living cost
6 764
6 764
6 764
6 764
Free-cash
30 751
32 787
22 100
20 185

Estimated living cost  is ₴6764 per week

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

Source of data for Skopje model

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Rome , Italy
₴4815
₴1827
₴3975
₴2537
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 000
social contributions
-
-
-
12 089
regional
-
-
-
910
municipal
-
-
-
314
national
-
-
-
9 771
total
-
-
-
23 084
Employee
42 180
-
47 000
-
municipal
252
-
280
-
national
7 128
-
8 342
-
regional
637
-
762
-
social contributions
14 223
-
15 848
-
total
22 240
-
25 232
-
Employer
42 180
-
47 000
-
total
-
-
-
-
Corporate
4 820
47 000
-
-
municipal
233
2 266
-
-
nationa
1 157
11 280
-
-
total
1 390
13 546
-
-
Dividends
3 430
33 454
-
-
withholding
892
8 698
-
-
total
892
8 698
-
-
Income
47 000
47 000
47 000
47 000
Total tax
24 522
22 244
25 232
23 084
After tax
22 478
24 756
21 768
23 916
Living cost
19 941
19 941
19 941
19 941
Free-cash
2 537
4 815
1 827
3 975

Estimated living cost  is ₴19941 per week

₴14007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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