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
₴ 47500
per

Your estimated
City
free-cash

Dresden , Germany
₴10995
₴15745
₴15850
₴20187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 500
trade
-
-
-
4 337
income

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

-
-
-
10 778
health

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

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

-
-
-
2 934
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.

-
-
-
593
total
-
-
-
18 642
Employee

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

16 426
-
47 500
-
health

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

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

2 934
-
2 934
-
surtax

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

25
-
593
-
income

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

459
-
10 778
-
total
3 418
-
14 305
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 074
47 500
-
-
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.

257
392
-
-
income
4 661
7 125
-
-
trade
4 894
7 481
-
-
chamber of commerce
110
134
-
-
total
9 922
15 132
-
-
Dividends
21 152
32 369
-
-
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.

282
436
-
-
withholding
5 125
7 929
-
-
total
5 407
8 365
-
-
Income
47 500
47 500
47 500
47 500
Total tax
18 747
23 497
14 305
18 642
After tax
28 753
24 003
33 195
28 858
Living cost
13 008
13 008
13 008
13 008
Free-cash
15 745
10 995
20 187
15 850

Estimated living cost  is ₴13008 per week

₴8183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
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.
₴3066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7973
₴7611
₴6857
₴7230
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
municipal
-
-
-
5 007
pensions
-
-
-
5 700
national
-
-
-
7 758
social contributions
-
-
-
511
total
-
-
-
18 976
Employee
33 588
-
41 063
-
municipal
4 149
-
5 191
-
pensions
1 344
-
1 643
-
national
6 429
-
8 043
-
total
11 922
-
14 877
-
Employer
33 588
-
41 063
-
social contributions
361
-
441
-
pensions
2 687
-
3 285
-
total
3 048
-
3 726
-
Corporate
8 648
47 500
-
-
income

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

1 730
9 500
-
-
total
1 730
9 500
-
-
Dividends
6 918
38 000
-
-
withholding
1 522
8 360
-
-
total
1 522
8 360
-
-
Income
47 500
47 500
47 500
47 500
Total tax
18 222
17 860
18 603
18 976
After tax
29 278
29 640
28 897
28 524
Living cost
21 667
21 667
21 667
21 667
Free-cash
7 611
7 973
7 230
6 857

Estimated living cost  is ₴21667 per week

₴14727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2014
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29065
₴25542
₴16371
₴17788
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 500
microenterprise
-
-
-
-
income
-
-
-
6 923
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.

-
-
-
15 271
total
-
-
-
22 194
Employee
12 549
-
38 278
-
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.

1 381
-
4 210
-
surtax
-
-
-
-
income
2 234
-
7 346
-
total
3 615
-
11 556
-
Employer
12 549
-
38 278
-
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.

3 023
-
9 221
-
surtax
-
-
-
-
total
3 023
-
9 221
-
Corporate
31 928
47 500
-
-
income

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

6 385
9 500
-
-
total
6 385
9 500
-
-
Dividends

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

25 542
38 000
-
-
total
-
-
-
-
Income
47 500
47 500
47 500
47 500
Total tax
13 023
9 500
20 777
22 194
After tax
34 477
38 000
26 723
25 306
Living cost
8 935
8 935
8 935
8 935
Free-cash
25 542
29 065
17 788
16 371

Estimated living cost  is ₴8935 per week

₴5700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5107
₴2475
₴9054
₴6394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
10 127
pensions
-
-
-
5 032
health
-
-
-
5 296
total
-
-
-
20 455
Employee
36 675
36 675
40 422
-
health
5 629
4 788
5 002
-
income

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

6 003
6 003
6 003
-
pensions
6 601
5 032
5 032
-
total
18 233
15 823
16 037
-
Employer
36 675
36 675
40 422
-
unemployment
1 320
1 320
1 456
-
pensions
2 553
2 553
2 813
-
health
2 549
2 549
2 809
-
total
6 422
6 422
7 078
-
Corporate
4 853
4 403
-
-
income
971
880
-
-
total
971
880
-
-
Dividends
3 882
3 523
-
-
income
825
749
-
-
withholding
583
528
-
-
total
1 408
1 277
-
-
Income
47 500
47 500
47 500
47 500
Total tax
27 034
24 402
23 115
20 455
After tax
20 466
23 098
24 385
27 045
Living cost
17 991
17 991
17 991
17 991
Free-cash
2 475
5 107
6 394
9 054

Estimated living cost  is ₴17991 per week

₴12750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
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.
₴3333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9404
₴9034
₴8879
₴8448
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
municipal
-
-
-
11 035
accident
-
-
-
72
pensions
-
-
-
3 917
other
-
-
-
4 210
unemployment
-
-
-
36
health
-
-
-
2 261
national
-
-
-
559
total
-
-
-
22 090
Employee
23 556
-
36 144
-
municipal
7 024
-
10 778
-
national
-
-
387
-
total
7 024
-
11 165
-
Employer
23 556
-
36 144
-
accident
47
-
72
-
other
2 737
-
4 200
-
unemployment
622
-
954
-
pensions
2 546
-
3 907
-
health
1 449
-
2 223
-
total
7 401
-
11 356
-
Corporate
16 543
47 500
-
-
income
3 639
10 450
-
-
total
3 639
10 450
-
-
Dividends
12 903
37 050
-
-
withholding
3 871
11 115
-
-
total
3 871
11 115
-
-
Income
47 500
47 500
47 500
47 500
Total tax
21 935
21 565
22 521
22 090
After tax
25 565
25 935
24 979
25 410
Living cost
16 531
16 531
16 531
16 531
Free-cash
9 034
9 404
8 448
8 879

Estimated living cost  is ₴16531 per week

₴10956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
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.
₴3702
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6889
₴12923
₴11795
₴16324
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 500
trade
-
-
-
4 529
income

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

-
-
-
10 778
health

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

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

-
-
-
2 934
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.

-
-
-
593
total
-
-
-
18 834
Employee

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

21 779
-
47 500
-
health

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

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

2 934
-
2 934
-
surtax

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

103
-
593
-
income

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

1 871
-
10 778
-
total
4 908
-
14 305
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
25 721
47 500
-
-
surtax

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

212
392
-
-
income
3 858
7 125
-
-
trade
4 231
7 813
-
-
chamber of commerce
102
133
-
-
total
8 403
15 463
-
-
Dividends
17 317
32 037
-
-
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.

229
431
-
-
withholding
4 166
7 846
-
-
total
4 395
8 277
-
-
Income
47 500
47 500
47 500
47 500
Total tax
17 706
23 740
14 305
18 834
After tax
29 794
23 760
33 195
28 666
Living cost
16 871
16 871
16 871
16 871
Free-cash
12 923
6 889
16 324
11 795

Estimated living cost  is ₴16871 per week

₴11284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20814
₴19033
₴19468
₴19098
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
5 942
health
-
-
-
1 211
social contributions
-
-
-
6 949
total
-
-
-
14 102
Employee
33 024
33 024
43 123
-
social contributions
1 605
2 741
3 579
-
health
328
562
733
-
income
3 468
3 057
5 783
-
total
5 401
6 360
10 095
-
Employer
33 024
33 024
43 123
-
social contributions
1 605
2 741
3 579
-
health
358
611
798
-
total
1 963
3 352
4 377
-
Corporate
26 207
11 124
-
-
income
3 275
1 390
-
-
total
3 275
1 390
-
-
Dividends
22 931
9 734
-
-
withholding
3 898
1 654
-
-
total
3 898
1 654
-
-
Income
47 500
47 500
47 500
47 500
Total tax
14 537
12 756
14 472
14 102
After tax
32 963
34 744
33 028
33 398
Living cost
13 930
13 930
13 930
13 930
Free-cash
19 033
20 814
19 098
19 468

Estimated living cost  is ₴13930 per week

₴9522
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18923
₴19086
₴25086
₴19717
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
5 807
pensions
-
-
-
4 750
unemployment
-
-
-
712
health
-
-
-
3 325
total
-
-
-
14 594
Employee

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

The minimum wage is 138,000 HUF per month.

11 289
4 493
39 749
-
health
790
315
2 782
-
income
1 380
549
4 859
-
pensions
1 129
449
3 975
-
unemployment
169
67
596
-
total
3 468
1 380
12 212
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 289
4 493
39 749
-
pensions
2 201
876
7 751
-
total
2 201
876
7 751
-
Corporate
34 010
42 131
-
-
income
3 061
3 792
-
-
total
3 061
3 792
-
-
Dividends
30 949
38 339
-
-
social contributions
5 984
7 425
-
-
withholding
5 880
7 284
-
-
total
11 864
14 709
-
-
Income
47 500
47 500
47 500
47 500
Total tax
20 594
20 757
19 963
14 594
After tax
26 906
26 743
27 537
32 906
Living cost
7 820
7 820
7 820
7 820
Free-cash
19 086
18 923
19 717
25 086

Estimated living cost  is ₴7820 per week

₴5337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27627
₴24957
₴15087
₴17006
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
6 365
pensions
-
-
-
9 500
health
-
-
-
6 175
total
-
-
-
22 040
Employee
12 183
-
35 501
-
income
1 372
-
6 844
-
pensions
244
-
710
-
unemployment
195
-
568
-
total
1 811
-
8 122
-
Employer
12 183
-
35 501
-
unemployment
98
-
284
-
pensions
2 437
-
7 100
-
health
1 584
-
4 615
-
total
4 119
-
11 999
-
Corporate
31 198
47 500
-
-
income
6 240
9 500
-
-
total
6 240
9 500
-
-
Dividends
24 959
38 000
-
-
total
-
-
-
-
Income
47 500
47 500
47 500
47 500
Total tax
12 170
9 500
20 121
22 040
After tax
35 330
38 000
27 379
25 460
Living cost
10 373
10 373
10 373
10 373
Free-cash
24 957
27 627
17 006
15 087

Estimated living cost  is ₴10373 per week

₴7115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5565
₴2405
₴23159
₴15410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
accident
-
-
-
108
income
-
-
-
11 948
pensions
-
-
-
1 780
other
-
-
-
159
health
-
-
-
933
total
-
-
-
14 928
Employee
14 808
-
41 093
-
health
1 695
-
4 705
-
income
2 031
-
8 301
-
pensions
1 667
-
3 264
-
total
5 393
-
16 270
-
Employer
14 808
-
41 093
-
accident
247
-
686
-
unemployment
363
-
1 007
-
pensions
2 408
-
4 714
-
total
3 018
-
6 407
-
Corporate
29 675
47 500
-
-
income

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

26 707
42 750
-
-
total
26 707
42 750
-
-
Dividends
2 968
4 750
-
-
withholding
564
902
-
-
total
564
902
-
-
Income
47 500
47 500
47 500
47 500
Total tax
35 682
43 652
22 677
14 928
After tax
11 818
3 848
24 823
32 572
Living cost
9 413
9 413
9 413
9 413
Free-cash
2 405
-5 565
15 410
23 159

Estimated living cost  is ₴9413 per week

₴6899
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1796
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41261
₴40536
₴43161
₴34136
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
47 500
microenterprise

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

-
-
-
475
total
-
-
-
475
Employee
4 830
-
47 500
-
income
966
-
9 500
-
total
966
-
9 500
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

42 670
47 500
-
-
total
-
-
-
-
Dividends
42 670
47 500
-
-
withholding
2 134
2 375
-
-
total
2 134
2 375
-
-
Income
47 500
47 500
47 500
47 500
Total tax
3 100
2 375
9 500
475
After tax
44 400
45 125
38 000
47 025
Living cost
3 864
3 864
3 864
3 864
Free-cash
40 536
41 261
34 136
43 161

Estimated living cost  is ₴3864 per week

₴2395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23454
₴20554
₴14189
₴16153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
6 121
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.

-
-
-
11 400
other
-
-
-
2 256
health
-
-
-
2 090
total
-
-
-
21 867
Employee
15 594
-
37 939
-
health
218
-
531
-
income
2 685
-
6 776
-
pensions

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

1 091
-
2 656
-
unemployment
156
-
380
-
total
4 150
-
10 343
-
Employer
15 594
-
37 939
-
accident
125
-
303
-
other
780
-
1 896
-
unemployment
156
-
380
-
pensions

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

2 651
-
6 450
-
health
218
-
531
-
total
3 930
-
9 560
-
Corporate
27 977
47 500
-
-
income
5 875
9 975
-
-
total
5 875
9 975
-
-
Dividends
22 101
37 525
-
-
withholding
1 547
2 627
-
-
total
1 547
2 627
-
-
Income
47 500
47 500
47 500
47 500
Total tax
15 502
12 602
19 903
21 867
After tax
31 998
34 898
27 597
25 633
Living cost
11 444
11 444
11 444
11 444
Free-cash
20 554
23 454
16 153
14 189

Estimated living cost  is ₴11444 per week

₴8086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5281
₴758
₴4750
₴450
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
10 537
pensions
-
-
-
3 316
total
-
-
-
13 853
Employee
40 885
-
41 758
-
health
674
-
692
-
income
7 370
-
7 670
-
pensions
3 944
-
4 049
-
total
11 988
-
12 411
-
Employer
40 885
-
41 758
-
pensions
4 827
-
4 948
-
health
776
-
794
-
total
5 603
-
5 742
-
Corporate
1 011
47 500
-
-
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.

192
9 025
-
-
total
192
9 025
-
-
Dividends
819
38 475
-
-
withholding
62
4 297
-
-
total
62
4 297
-
-
Income
47 500
47 500
47 500
47 500
Total tax
17 845
13 322
18 153
13 853
After tax
29 655
34 178
29 347
33 647
Living cost
28 897
28 897
28 897
28 897
Free-cash
758
5 281
450
4 750

Estimated living cost  is ₴28897 per week

₴21653
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴34975
₴32980
₴30728
₴32286
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
7 125
pensions

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

-
-
-
2 223
unemployment
-
-
-
60
health
-
-
-
1 727
total
-
-
-
11 135
Employee
7 465
-
44 553
-
health
343
-
691
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
4 456
-
pensions

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

655
-
1 319
-
total
1 826
-
6 631
-
Employer
7 465
-
44 553
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

823
-
1 655
-
health
515
-
1 036
-
total
1 465
-
2 946
-
Corporate
38 571
47 500
-
-
income
3 857
4 750
-
-
total
3 857
4 750
-
-
Dividends
34 713
42 750
-
-
withholding
1 735
2 138
-
-
total
1 735
2 138
-
-
Income
47 500
47 500
47 500
47 500
Total tax
8 883
6 888
9 577
11 135
After tax
38 617
40 612
37 923
36 365
Living cost
5 637
5 637
5 637
5 637
Free-cash
32 980
34 975
32 286
30 728

Estimated living cost  is ₴5637 per week

₴3291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴403
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴717
₴361
₴3230
₴570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
10 127
pensions
-
-
-
5 032
health
-
-
-
5 296
total
-
-
-
20 455
Employee
39 817
36 675
40 422
-
health
4 967
4 788
5 002
-
income

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

6 003
6 003
6 003
-
pensions
5 032
5 032
5 032
-
total
16 002
15 823
16 037
-
Employer
39 817
36 675
40 422
-
unemployment
1 434
1 320
1 456
-
pensions
2 771
2 553
2 813
-
health
2 767
2 549
2 809
-
total
6 972
6 422
7 078
-
Corporate
711
4 403
-
-
income
143
880
-
-
total
143
880
-
-
Dividends
569
3 523
-
-
income
121
749
-
-
withholding
86
528
-
-
total
207
1 277
-
-
Income
47 500
47 500
47 500
47 500
Total tax
23 324
24 402
23 115
20 455
After tax
24 176
23 098
24 385
27 045
Living cost
23 815
23 815
23 815
23 815
Free-cash
361
-717
570
3 230

Estimated living cost  is ₴23815 per week

₴17567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3848
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22375
₴18689
₴12805
₴13776
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
4 083
health
-
-
-
6 413
solidarity contribution
-
-
-
-
social contributions
-
-
-
13 870
total
-
-
-
24 366
Employee
15 190
-
35 448
-
social contributions
987
-
2 304
-
health
2 051
-
4 785
-
solidarity contribution
-
-
-
-
income
1 823
-
4 254
-
total
4 861
-
11 343
-
Employer
15 190
-
35 448
-
social contributions
3 798
-
8 862
-
health
1 367
-
3 190
-
total
5 165
-
12 052
-
Corporate
27 145
47 500
-
-
income
5 158
9 025
-
-
total
5 158
9 025
-
-
Dividends
21 987
38 475
-
-
withholding
3 298
5 771
-
-
total
3 298
5 771
-
-
Income
47 500
47 500
47 500
47 500
Total tax
18 482
14 796
23 395
24 366
After tax
29 018
32 704
24 105
23 134
Living cost
10 329
10 329
10 329
10 329
Free-cash
18 689
22 375
13 776
12 805

Estimated living cost  is ₴10329 per week

₴7175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴735
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7221
₴4979
₴5939
₴3678
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
municipal
-
-
-
282
regional
-
-
-
532
national
-
-
-
10 408
social contributions
-
-
-
12 217
total
-
-
-
23 439
Employee
38 168
-
47 500
-
social contributions
12 870
-
16 017
-
regional
360
-
467
-
municipal
202
-
252
-
national
6 614
-
8 964
-
total
20 046
-
25 700
-
Employer
38 168
-
47 500
-
total
-
-
-
-
Corporate
9 332
47 500
-
-
nationa
2 240
11 400
-
-
municipal
364
1 852
-
-
total
2 604
13 252
-
-
Dividends
6 728
34 247
-
-
withholding
1 749
8 905
-
-
total
1 749
8 905
-
-
Income
47 500
47 500
47 500
47 500
Total tax
24 399
22 157
25 700
23 439
After tax
23 101
25 343
21 800
24 061
Living cost
18 122
18 122
18 122
18 122
Free-cash
4 979
7 221
3 678
5 939

Estimated living cost  is ₴18122 per week

₴12632
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20401
₴19064
₴14319
₴13540
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
9 508
pensions
-
-
-
9 500
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 372
surtax
-
-
-
1 226
total
-
-
-
23 704
Employee
14 202
-
39 241
-
other
-
-
-
-
health
363
-
1 001
-
surtax
46
-
1 103
-
income
2 381
-
8 770
-
pensions
947
-
2 618
-
unemployment
989
-
2 731
-
total
4 726
-
16 223
-
Employer
14 202
-
39 241
-
other
-
-
-
-
unemployment
450
-
1 244
-
pensions
1 893
-
5 231
-
health
646
-
1 785
-
total
2 989
-
8 260
-
Corporate
30 308
47 500
-
-
income
7 880
12 350
-
-
total
7 880
12 350
-
-
Dividends
22 428
35 150
-
-
withholding
3 364
5 272
-
-
total
3 364
5 272
-
-
Income
47 500
47 500
47 500
47 500
Total tax
18 959
17 622
24 483
23 704
After tax
28 541
29 878
23 017
23 796
Living cost
9 477
9 477
9 477
9 477
Free-cash
19 064
20 401
13 540
14 319

Estimated living cost  is ₴9477 per week

₴5795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴874
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴14436
₴12446
₴13905
₴9605
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
10 537
pensions
-
-
-
3 316
total
-
-
-
13 853
Employee
27 400
-
41 758
-
health
398
-
692
-
income
4 935
-
7 670
-
pensions
2 326
-
4 049
-
total
7 659
-
12 411
-
Employer
27 400
-
41 758
-
pensions
2 966
-
4 948
-
health
521
-
794
-
total
3 487
-
5 742
-
Corporate
16 613
47 500
-
-
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.

3 156
9 025
-
-
total
3 156
9 025
-
-
Dividends
13 457
38 475
-
-
withholding
1 010
4 297
-
-
total
1 010
4 297
-
-
Income
47 500
47 500
47 500
47 500
Total tax
15 312
13 322
18 153
13 853
After tax
32 188
34 178
29 347
33 647
Living cost
19 742
19 742
19 742
19 742
Free-cash
12 446
14 436
9 605
13 905

Estimated living cost  is ₴19742 per week

₴14790
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴10719
₴3161
₴6982
₴4624
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
city
-
-
-
501
pensions
-
-
-
4 370
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.

-
-
-
950
regional
-
-
-
1 768
health
-
-
-
107
national
-
-
-
382
total
-
-
-
8 078
Employee
37 963
-
42 515
-
city
407
-
457
-
regional
1 243
-
1 510
-
health
86
-
96
-
pensions
3 189
-
3 571
-
unemployment
-
-
-
-
national
180
-
284
-
total
5 105
-
5 918
-
Employer
37 963
-
42 515
-
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.

759
-
851
-
unemployment
-
-
-
-
pensions
3 189
-
3 571
-
health
86
-
96
-
total
4 034
-
4 518
-
Corporate
5 085
47 500
-
-
regional
1 076
10 046
-
-
national
432
4 038
-
-
total
1 508
14 084
-
-
Dividends
3 577
33 416
-
-
withholding
1 252
11 695
-
-
total
1 252
11 695
-
-
Income
47 500
47 500
47 500
47 500
Total tax
11 899
25 779
10 436
8 078
After tax
35 601
21 721
37 064
39 422
Living cost
32 440
32 440
32 440
32 440
Free-cash
3 161
-10 719
4 624
6 982

Estimated living cost  is ₴32440 per week

₴21095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2911
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3841
₴10806
₴8799
₴13521
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 500
trade
-
-
-
4 722
income

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

-
-
-
10 778
health

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

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

-
-
-
2 934
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.

-
-
-
593
total
-
-
-
19 027
Employee

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

25 810
-
47 500
-
health

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

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

2 934
-
2 934
-
surtax

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

167
-
593
-
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.

3 035
-
10 778
-
total
6 136
-
14 305
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 690
47 500
-
-
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
392
-
-
income
3 253
7 125
-
-
trade
3 720
8 146
-
-
chamber of commerce
95
132
-
-
total
7 247
15 795
-
-
Dividends
14 442
31 705
-
-
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.

190
427
-
-
withholding
3 447
7 763
-
-
total
3 637
8 190
-
-
Income
47 500
47 500
47 500
47 500
Total tax
17 020
23 985
14 305
19 027
After tax
30 480
23 515
33 195
28 473
Living cost
19 674
19 674
19 674
19 674
Free-cash
10 806
3 841
13 521
8 799

Estimated living cost  is ₴19674 per week

₴14369
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9246
₴11783
₴12529
₴14519
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
5 168
pensions
-
-
-
11 153
other
-
-
-
1 473
health
-
-
-
1 130
surtax
-
-
-
-
social contributions
-
-
-
1 353
total
-
-
-
20 277
Employee
18 381
-
38 295
-
social contributions
524
-
1 091
-
surtax
-
-
-
-
income
1 085
-
6 001
-
pensions
2 078
-
1 990
-
total
3 687
-
9 082
-
Employer
18 381
-
38 295
-
other
634
-
1 321
-
social contributions
55
-
115
-
unemployment
744
-
1 551
-
pensions
3 020
-
3 471
-
health
1 287
-
2 747
-
total
5 740
-
9 205
-
Corporate
23 379
47 500
-
-
surtax
-
-
-
-
income
6 546
13 300
-
-
total
6 546
13 300
-
-
Dividends
16 833
34 200
-
-
surtax
-
-
-
-
social contributions
2 895
5 883
-
-
withholding
2 155
4 377
-
-
total
5 050
10 260
-
-
Income
47 500
47 500
47 500
47 500
Total tax
21 023
23 560
18 287
20 277
After tax
26 477
23 940
29 213
27 223
Living cost
14 694
14 694
14 694
14 694
Free-cash
11 783
9 246
14 519
12 529

Estimated living cost  is ₴14694 per week

₴9265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴10702
₴13087
₴13985
₴15975
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
5 168
pensions
-
-
-
11 153
other
-
-
-
1 473
health
-
-
-
1 130
surtax
-
-
-
-
social contributions
-
-
-
1 353
total
-
-
-
20 277
Employee
16 407
-
38 295
-
social contributions
468
-
1 091
-
surtax
-
-
-
-
income
846
-
6 001
-
pensions
1 856
-
1 990
-
total
3 170
-
9 082
-
Employer
16 407
-
38 295
-
other
566
-
1 321
-
social contributions
49
-
115
-
unemployment
664
-
1 551
-
pensions
2 696
-
3 471
-
health
1 148
-
2 747
-
total
5 123
-
9 205
-
Corporate
25 969
47 500
-
-
surtax
-
-
-
-
income
7 271
13 300
-
-
total
7 271
13 300
-
-
Dividends
18 697
34 200
-
-
surtax
-
-
-
-
social contributions
3 217
5 883
-
-
withholding
2 394
4 377
-
-
total
5 611
10 260
-
-
Income
47 500
47 500
47 500
47 500
Total tax
21 175
23 560
18 287
20 277
After tax
26 325
23 940
29 213
27 223
Living cost
13 238
13 238
13 238
13 238
Free-cash
13 087
10 702
15 975
13 985

Estimated living cost  is ₴13238 per week

₴7677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19872
₴20095
₴21398
₴21245
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
7 125
health
-
-
-
3 315
social contributions
-
-
-
6 555
total
-
-
-
16 995
Employee
14 562
-
47 500
-
social contributions
2 010
-
6 555
-
health
1 016
-
3 315
-
income
2 429
-
7 278
-
total
5 455
-
17 148
-
Employer
14 562
-
47 500
-
total
-
-
-
-
Corporate
32 938
47 500
-
-
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%.

1 647
2 375
-
-
total
1 647
2 375
-
-
Dividends
31 291
45 125
-
-
health
2 184
3 150
-
-
social contributions
4 318
6 227
-
-
withholding
4 694
6 769
-
-
total
11 196
16 146
-
-
Income
47 500
47 500
47 500
47 500
Total tax
18 298
18 521
17 148
16 995
After tax
29 202
28 979
30 352
30 505
Living cost
9 107
9 107
9 107
9 107
Free-cash
20 095
19 872
21 245
21 398

Estimated living cost  is ₴9107 per week

₴6095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴11420
₴10752
₴8545
-₴1307
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
chamber of commerce
-
-
-
190
income
-
-
-
8 492
pensions
-
-
-
8 787
unemployment
-
-
-
2 634
health
-
-
-
3 634
surtax
-
-
-
85
total
-
-
-
23 822
Employee
21 463
17 115
36 819
-
other
214
171
368
-
health
830
663
1 425
-
income
2 443
1 262
7 529
-
pensions
2 198
1 752
3 770
-
unemployment
644
513
1 104
-
total
6 329
4 361
14 196
-
Employer
21 463
17 115
36 819
-
accident
279
222
478
-
other
1 020
813
1 749
-
chamber of commerce
86
68
148
-
unemployment
644
513
1 104
-
surtax
85
85
85
-
pensions
2 694
2 148
4 621
-
payroll
644
513
1 104
-
health
811
647
1 392
-
total
6 263
5 009
10 681
-
Corporate
19 776
25 374
35 189
-
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.

4 944
6 344
8 797
-
total
4 944
6 344
8 797
-
Dividends
14 833
19 031
-
-
withholding
4 079
5 233
-
-
total
4 079
5 233
-
-
Income
47 500
47 500
47 500
47 500
Total tax
21 615
20 947
33 674
23 822
After tax
25 885
26 553
13 826
23 678
Living cost
15 133
15 133
15 133
15 133
Free-cash
10 752
11 420
-1 307
8 545

Estimated living cost  is ₴15133 per week

₴10093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3500
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10964
₴4525
₴6096
₴2584
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
national
-
-
-
15 699
communal

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

-
-
-
2 390
social contributions
-
-
-
7 656
total
-
-
-
25 745
Employee

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

30 720
-
36 790
-
communal

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

1 602
-
1 919
-
health

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

1 443
-
1 729
-
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.

2 304
-
2 760
-
unemployment

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

267
-
320
-
national
9 445
-
11 819
-
total
15 061
-
18 547
-
Employer

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

30 720
-
36 790
-
accident

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

399
-
478
-
unemployment

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

448
-
537
-
surtax
3 483
-
4 173
-
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.

2 722
-
3 260
-
health

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

1 889
-
2 262
-
total
8 941
-
10 710
-
Corporate
7 838
47 500
-
-
surtax
31
190
-
-
income
1 567
9 500
-
-
total
1 598
9 690
-
-
Dividends
6 240
37 811
-
-
withholding

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

1 716
11 187
-
-
total
1 716
11 187
-
-
Income
47 500
47 500
47 500
47 500
Total tax
27 316
20 877
29 257
25 745
After tax
20 184
26 623
18 243
21 755
Living cost
15 659
15 659
15 659
15 659
Free-cash
4 525
10 964
2 584
6 096

Estimated living cost  is ₴15659 per week

₴10086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16484
₴13062
₴10394
₴9244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
accident
-
-
-
359
income
-
-
-
9 653
pensions
-
-
-
11 265
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
21 596
Employee
21 378
-
36 018
-
other
21
-
36
-
income
4 511
-
8 977
-
pensions
1 005
-
1 693
-
unemployment
332
-
558
-
total
5 869
-
11 264
-
Employer
21 378
-
36 018
-
accident
423
-
713
-
other
170
-
288
-
unemployment
1 176
-
1 981
-
pensions
5 045
-
8 500
-
total
6 814
-
11 482
-
Corporate
19 308
47 500
-
-
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.

2 896
7 125
-
-
total
2 896
7 125
-
-
Dividends
16 411
40 375
-
-
withholding
3 349
8 381
-
-
total
3 349
8 381
-
-
Income
47 500
47 500
47 500
47 500
Total tax
18 928
15 506
22 746
21 596
After tax
28 572
31 994
24 754
25 904
Living cost
15 510
15 510
15 510
15 510
Free-cash
13 062
16 484
9 244
10 394

Estimated living cost  is ₴15510 per week

₴11421
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴5571
₴2423
₴3204
₴5190
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
accident
-
-
-
400
income
-
-
-
4 743
pensions
-
-
-
7 120
health
-
-
-
3 337
surtax
-
-
-
2 355
communal
-
-
-
3 002
total
-
-
-
20 957
Employee
32 523
-
42 429
-
health
1 447
-
1 888
-
surtax
1 993
-
2 600
-
income
3 141
-
6 019
-
pensions
2 601
-
3 394
-
total
9 182
-
13 901
-
Employer
32 523
-
42 429
-
accident
293
-
382
-
pensions
2 601
-
3 394
-
health
992
-
1 294
-
total
3 886
-
5 070
-
Corporate
11 091
47 500
-
-
surtax
117
499
-
-
communal
-
3 206
-
-
income
1 663
7 125
-
-
total
1 780
10 830
-
-
Dividends
9 311
36 670
-
-
income
5 493
2 260
-
-
withholding
1 397
5 500
-
-
total
6 890
7 760
-
-
Income
47 500
47 500
47 500
47 500
Total tax
21 738
18 590
18 971
20 957
After tax
25 762
28 910
28 529
26 543
Living cost
23 339
23 339
23 339
23 339
Free-cash
2 423
5 571
5 190
3 204

Estimated living cost  is ₴23339 per week

₴17508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20232
₴18865
₴14150
₴13371
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
9 508
pensions
-
-
-
9 500
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 372
surtax
-
-
-
1 226
total
-
-
-
23 704
Employee
14 463
-
39 241
-
other
-
-
-
-
health
369
-
1 001
-
surtax
51
-
1 103
-
income
2 425
-
8 770
-
pensions
965
-
2 618
-
unemployment
1 007
-
2 731
-
total
4 817
-
16 223
-
Employer
14 463
-
39 241
-
other
-
-
-
-
unemployment
459
-
1 244
-
pensions
1 928
-
5 231
-
health
658
-
1 785
-
total
3 045
-
8 260
-
Corporate
29 992
47 500
-
-
income
7 798
12 350
-
-
total
7 798
12 350
-
-
Dividends
22 194
35 150
-
-
withholding
3 329
5 272
-
-
total
3 329
5 272
-
-
Income
47 500
47 500
47 500
47 500
Total tax
18 989
17 622
24 483
23 704
After tax
28 511
29 878
23 017
23 796
Living cost
9 646
9 646
9 646
9 646
Free-cash
18 865
20 232
13 371
14 150

Estimated living cost  is ₴9646 per week

₴5824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴13398
₴12446
₴12308
₴10059
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
municipal
-
-
-
282
regional
-
-
-
716
national
-
-
-
10 408
social contributions
-
-
-
12 217
total
-
-
-
23 623
Employee
23 823
-
47 500
-
social contributions
8 033
-
16 017
-
regional
321
-
639
-
municipal
126
-
252
-
national
3 774
-
8 964
-
total
12 254
-
25 872
-
Employer
23 823
-
47 500
-
total
-
-
-
-
Corporate
23 677
47 500
-
-
nationa
5 682
11 400
-
-
municipal
1 177
2 361
-
-
total
6 859
13 761
-
-
Dividends
16 818
33 739
-
-
withholding
4 372
8 772
-
-
total
4 372
8 772
-
-
Income
47 500
47 500
47 500
47 500
Total tax
23 485
22 533
25 872
23 623
After tax
24 015
24 967
21 628
23 877
Living cost
11 569
11 569
11 569
11 569
Free-cash
12 446
13 398
10 059
12 308

Estimated living cost  is ₴11569 per week

₴7195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19975
₴15433
₴10405
₴11376
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
4 083
health
-
-
-
6 413
solidarity contribution
-
-
-
-
social contributions
-
-
-
13 870
total
-
-
-
24 366
Employee
18 719
-
35 448
-
social contributions
1 217
-
2 304
-
health
2 527
-
4 785
-
solidarity contribution
-
-
-
-
income
2 246
-
4 254
-
total
5 990
-
11 343
-
Employer
18 719
-
35 448
-
social contributions
4 680
-
8 862
-
health
1 685
-
3 190
-
total
6 365
-
12 052
-
Corporate
22 417
47 500
-
-
income
4 259
9 025
-
-
total
4 259
9 025
-
-
Dividends
18 158
38 475
-
-
withholding
2 724
5 771
-
-
total
2 724
5 771
-
-
Income
47 500
47 500
47 500
47 500
Total tax
19 338
14 796
23 395
24 366
After tax
28 162
32 704
24 105
23 134
Living cost
12 729
12 729
12 729
12 729
Free-cash
15 433
19 975
11 376
10 405

Estimated living cost  is ₴12729 per week

₴9466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12897
₴12682
₴10061
₴138
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
chamber of commerce
-
-
-
190
income
-
-
-
8 492
pensions
-
-
-
8 787
unemployment
-
-
-
2 634
health
-
-
-
3 634
surtax
-
-
-
-
total
-
-
-
23 737
Employee
18 773
17 115
36 884
-
other
187
171
369
-
health
726
663
1 427
-
income
1 672
1 262
7 551
-
pensions
1 923
1 752
3 777
-
unemployment
563
513
1 107
-
total
5 071
4 361
14 231
-
Employer
18 773
17 115
36 884
-
accident
244
222
479
-
other
892
813
1 752
-
chamber of commerce
75
68
148
-
unemployment
563
513
1 107
-
surtax
-
-
-
-
pensions
2 356
2 148
4 629
-
payroll
563
513
1 107
-
health
710
647
1 394
-
total
5 403
4 924
10 616
-
Corporate
23 324
25 459
35 254
-
income

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

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

5 831
6 365
8 813
-
total
5 831
6 365
8 813
-
Dividends
17 493
19 094
-
-
withholding
4 811
5 251
-
-
total
4 811
5 251
-
-
Income
47 500
47 500
47 500
47 500
Total tax
21 116
20 901
33 660
23 737
After tax
26 384
26 599
13 840
23 763
Living cost
13 702
13 702
13 702
13 702
Free-cash
12 682
12 897
138
10 061

Estimated living cost  is ₴13702 per week

₴8219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39103
₴37973
₴41003
₴31978
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
47 500
microenterprise

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

-
-
-
475
total
-
-
-
475
Employee
7 528
-
47 500
-
income
1 506
-
9 500
-
total
1 506
-
9 500
-
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%.

39 972
47 500
-
-
total
-
-
-
-
Dividends
39 972
47 500
-
-
withholding
1 999
2 375
-
-
total
1 999
2 375
-
-
Income
47 500
47 500
47 500
47 500
Total tax
3 505
2 375
9 500
475
After tax
43 995
45 125
38 000
47 025
Living cost
6 022
6 022
6 022
6 022
Free-cash
37 973
39 103
31 978
41 003

Estimated living cost  is ₴6022 per week

₴4075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21185
₴17592
₴12856
₴11497
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 500
income
-
-
-
9 705
pensions
-
-
-
8 675
unemployment
-
-
-
71
health
-
-
-
4 674
total
-
-
-
23 125
Employee

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

18 991
-
41 101
-
health
1 227
-
2 654
-
income
3 275
-
9 003
-
pensions
2 944
-
6 371
-
unemployment
27
-
58
-
total
7 473
-
18 086
-
Employer

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

18 991
-
41 101
-
unemployment
11
-
24
-
pensions
1 681
-
3 637
-
health
1 265
-
2 737
-
total
2 957
-
6 398
-
Corporate
25 552
47 500
-
-
income
4 855
9 025
-
-
total
4 855
9 025
-
-
Dividends
20 697
38 475
-
-
withholding
3 104
5 771
-
-
total
3 104
5 771
-
-
Income
47 500
47 500
47 500
47 500
Total tax
18 389
14 796
24 484
23 125
After tax
29 111
32 704
23 016
24 375
Living cost
11 519
11 519
11 519
11 519
Free-cash
17 592
21 185
11 497
12 856

Estimated living cost  is ₴11519 per week

₴7905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10408
-₴16397
₴14335
₴23371
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
9 259
social contributions
-
-
-
5 415
total
-
-
-
14 674
Employee
26 514
-
-
-
social contributions
2 174
-
310
-
income
5 848
-
-
-
total
8 022
-
310
-
Employer
26 514
-
-
-
social contributions
37 384
-
5 328
-
total
37 384
-
5 328
-
Corporate
-
47 500
-
-
income
-
10 450
-
-
total
-
10 450
-
-
Dividends
-
37 050
-
-
income
-
8 151
-
-
total
-
8 151
-
-
Income
47 500
47 500
47 500
47 500
Total tax
45 406
18 601
5 638
14 674
After tax
2 094
28 899
41 862
32 826
Living cost
18 491
18 491
18 491
18 491
Free-cash
-16 397
10 408
23 371
14 335

Estimated living cost  is ₴18491 per week

₴11998
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1739
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13547
₴13114
₴12876
₴10173
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 500
income
-
-
-
4 647
surtax
-
-
-
-
social contributions

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

-
-
-
16 506
total
-
-
-
21 153
Employee
19 752
-
38 383
-
social contributions
2 173
-
4 222
-
surtax
-
-
-
-
income
4 109
-
10 518
-
total
6 282
-
14 740
-
Employer
19 752
-
38 383
-
social contributions
4 691
-
9 116
-
total
4 691
-
9 116
-
Corporate
23 057
47 500
-
-
surtax
-
-
-
-
income
4 842
9 975
-
-
total
4 842
9 975
-
-
Dividends
18 215
37 525
-
-
withholding
5 100
10 507
-
-
total
5 100
10 507
-
-
Income
47 500
47 500
47 500
47 500
Total tax
20 915
20 482
23 856
21 153
After tax
26 585
27 018
23 644
26 347
Living cost
13 471
13 471
13 471
13 471
Free-cash
13 114
13 547
10 173
12 876

Estimated living cost  is ₴13471 per week

₴10079
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴3197
₴6148
₴6480
₴8470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
5 168
pensions
-
-
-
11 153
other
-
-
-
1 473
health
-
-
-
1 130
surtax
-
-
-
-
social contributions
-
-
-
1 353
total
-
-
-
20 277
Employee
26 898
-
38 295
-
social contributions
766
-
1 091
-
surtax
-
-
-
-
income
2 347
-
6 001
-
pensions
3 042
-
1 990
-
total
6 155
-
9 082
-
Employer
26 898
-
38 295
-
other
928
-
1 321
-
social contributions
81
-
115
-
unemployment
1 090
-
1 551
-
pensions
4 420
-
3 471
-
health
1 883
-
2 747
-
total
8 402
-
9 205
-
Corporate
12 201
47 500
-
-
surtax
-
-
-
-
income
3 416
13 300
-
-
total
3 416
13 300
-
-
Dividends
8 784
34 200
-
-
surtax
-
-
-
-
social contributions
1 511
5 883
-
-
withholding
1 125
4 377
-
-
total
2 636
10 260
-
-
Income
47 500
47 500
47 500
47 500
Total tax
20 609
23 560
18 287
20 277
After tax
26 891
23 940
29 213
27 223
Living cost
20 743
20 743
20 743
20 743
Free-cash
6 148
3 197
8 470
6 480

Estimated living cost  is ₴20743 per week

₴14038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29840
₴28397
₴23043
₴24306
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
1 097
social contributions
-
-
-
10 450
total
-
-
-
11 547
Employee
13 807
-
41 126
-
income
-
-
1 237
-
social contributions
897
-
2 673
-
total
897
-
3 910
-
Employer
13 807
-
41 126
-
social contributions
2 140
-
6 374
-
total
2 140
-
6 374
-
Corporate
31 553
47 500
-
-
income
3 156
4 750
-
-
total
3 156
4 750
-
-
Dividends
28 397
42 750
-
-
total
-
-
-
-
Income
47 500
47 500
47 500
47 500
Total tax
6 193
4 750
10 284
11 547
After tax
41 307
42 750
37 216
35 953
Living cost
12 910
12 910
12 910
12 910
Free-cash
28 397
29 840
24 306
23 043

Estimated living cost  is ₴12910 per week

₴8347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3346
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴46116
-₴46116
₴8500
-₴46116
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
municipal
-
-
-
9 058
pensions
-
-
-
372
national
-
-
-
5 107
labour market
-
-
-
3 770
total
-
-
-
18 307
Employee
87 342
87 342
87 342
-
labour market
6 977
6 977
6 977
-
national
10 670
10 670
10 670
-
municipal
18 599
18 599
18 599
-
pensions
124
124
124
-
total
36 370
36 370
36 370
-
Employer
87 342
87 342
87 342
-
labour market
6 987
6 987
6 987
-
municipal
18 629
18 629
18 629
-
pensions
248
248
248
-
national
10 689
10 689
10 689
-
total
36 553
36 553
36 553
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
47 500
47 500
47 500
47 500
Total tax
72 923
72 923
72 923
18 307
After tax
-25 423
-25 423
-25 423
29 193
Living cost
20 693
20 693
20 693
20 693
Free-cash
-46 116
-46 116
-46 116
8 500

Estimated living cost  is ₴20693 per week

₴14163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1831
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.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5426
₴2425
₴23298
₴15549
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
accident
-
-
-
108
income
-
-
-
11 948
pensions
-
-
-
1 780
other
-
-
-
159
health
-
-
-
933
total
-
-
-
14 928
Employee
14 589
-
41 093
-
health
1 671
-
4 705
-
income
2 001
-
8 301
-
pensions
1 643
-
3 264
-
total
5 315
-
16 270
-
Employer
14 589
-
41 093
-
accident
244
-
686
-
unemployment
357
-
1 007
-
pensions
2 372
-
4 714
-
total
2 973
-
6 407
-
Corporate
29 937
47 500
-
-
income

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

26 944
42 750
-
-
total
26 944
42 750
-
-
Dividends
2 994
4 750
-
-
withholding
569
902
-
-
total
569
902
-
-
Income
47 500
47 500
47 500
47 500
Total tax
35 801
43 652
22 677
14 928
After tax
11 699
3 848
24 823
32 572
Living cost
9 274
9 274
9 274
9 274
Free-cash
2 425
-5 426
15 549
23 298

Estimated living cost  is ₴9274 per week

₴6751
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴529
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.
₴1821
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14747
₴14284
₴16731
₴10219
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
47 500
municipal
-
-
-
8 451
health
-
-
-
553
national
-
-
-
5 277
total
-
-
-
14 281
Employee
22 595
-
39 959
-
health
169
-
436
-
municipal
3 701
-
6 521
-
pensions
1 525
-
2 697
-
unemployment
339
-
599
-
national
373
-
2 999
-
total
6 107
-
13 252
-
Employer
22 595
-
39 959
-
accident
23
-
40
-
unemployment
147
-
260
-
pensions
3 920
-
6 933
-
health
174
-
308
-
total
4 264
-
7 541
-
Corporate
20 642
47 500
-
-
income
4 128
9 500
-
-
total
4 128
9 500
-
-
Dividends

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

12 385
28 500
-
-
national
-
1 635
-
-
municipal
2 229
5 130
-
-
total
2 229
6 765
-
-
Income
47 500
47 500
47 500
47 500
Total tax
16 728
16 265
20 793
14 281
After tax
30 772
31 235
26 707
33 219
Living cost
16 488
16 488
16 488
16 488
Free-cash
14 284
14 747
10 219
16 731

Estimated living cost  is ₴16488 per week

₴10770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24801
₴22462
₴23455
₴23085
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
5 942
health
-
-
-
1 211
social contributions
-
-
-
6 949
total
-
-
-
14 102
Employee
33 024
33 024
43 123
-
social contributions
1 249
2 741
3 579
-
health
256
562
733
-
income
3 596
3 057
5 783
-
total
5 101
6 360
10 095
-
Employer
33 024
33 024
43 123
-
social contributions
1 249
2 741
3 579
-
health
278
611
798
-
total
1 527
3 352
4 377
-
Corporate
30 930
11 124
-
-
income
3 866
1 390
-
-
total
3 866
1 390
-
-
Dividends
27 064
9 734
-
-
withholding
4 601
1 654
-
-
total
4 601
1 654
-
-
Income
47 500
47 500
47 500
47 500
Total tax
15 095
12 756
14 472
14 102
After tax
32 405
34 744
33 028
33 398
Living cost
9 943
9 943
9 943
9 943
Free-cash
22 462
24 801
23 085
23 455

Estimated living cost  is ₴9943 per week

₴5959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32516
₴30330
₴31782
₴23168
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47 500
income
-
-
-
4 601
pensions
-
-
-
2 732
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
8 899
Employee

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

9 858
-
43 303
-
health
838
-
3 464
-
income
674
-
3 536
-
pensions
1 478
-
6 112
-
unemployment
49
-
204
-
total
3 039
-
13 316
-
Employer

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

9 858
-
43 303
-
unemployment
49
-
204
-
pensions
542
-
2 241
-
health
424
-
1 752
-
total
1 015
-
4 197
-
Corporate
36 628
47 500
-
-
income
3 297
4 275
-
-
total
3 297
4 275
-
-
Dividends
33 331
43 225
-
-
withholding
3 000
3 890
-
-
total
3 000
3 890
-
-
Income
47 500
47 500
47 500
47 500
Total tax
10 351
8 165
17 513
8 899
After tax
37 149
39 335
29 987
38 601
Living cost
6 819
6 819
6 819
6 819
Free-cash
30 330
32 516
23 168
31 782

Estimated living cost  is ₴6819 per week

₴4350
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1773
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴20184
₴17930
₴14094
₴12944
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
accident
-
-
-
359
income
-
-
-
9 653
pensions
-
-
-
11 265
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
21 596
Employee
15 880
-
36 018
-
other
15
-
36
-
income
3 062
-
8 977
-
pensions
747
-
1 693
-
unemployment
246
-
558
-
total
4 070
-
11 264
-
Employer
15 880
-
36 018
-
accident
315
-
713
-
other
127
-
288
-
unemployment
874
-
1 981
-
pensions
3 747
-
8 500
-
total
5 063
-
11 482
-
Corporate
26 557
47 500
-
-
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.

3 984
7 125
-
-
total
3 984
7 125
-
-
Dividends
22 574
40 375
-
-
withholding
4 643
8 381
-
-
total
4 643
8 381
-
-
Income
47 500
47 500
47 500
47 500
Total tax
17 760
15 506
22 746
21 596
After tax
29 740
31 994
24 754
25 904
Living cost
11 810
11 810
11 810
11 810
Free-cash
17 930
20 184
12 944
14 094

Estimated living cost  is ₴11810 per week

₴7971
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴28465
₴28272
₴29010
₴28926
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
15 837
pensions
-
-
-
857
health
-
-
-
621
total
-
-
-
17 315
Employee
1 789
-
46 536
-
health
89
-
214
-
income
346
-
15 792
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
614
-
16 435
-
Employer
1 789
-
46 536
-
unemployment
36
-
86
-
pensions
197
-
471
-
health
170
-
407
-
total
403
-
964
-
Corporate
45 308
47 500
-
-
income
9 968
10 450
-
-
total
9 968
10 450
-
-
Dividends
35 340
37 050
-
-
withholding
7 068
7 410
-
-
total
7 068
7 410
-
-
Income
47 500
47 500
47 500
47 500
Total tax
18 053
17 860
17 399
17 315
After tax
29 447
29 640
30 101
30 185
Living cost
1 175
1 175
1 175
1 175
Free-cash
28 272
28 465
28 926
29 010

Estimated living cost  is ₴1175 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴26891
₴24777
₴18252
₴18251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 500
income
-
-
-
9 822
pensions
-
-
-
8 253
unemployment
-
-
-
476
health
-
-
-
3 269
total
-
-
-
21 820
Employee

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

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

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

11 201
-
41 818
-
health
577
-
1 635
-
income
1 544
-
9 822
-
pensions
1 568
-
4 444
-
unemployment
84
-
238
-
total
3 773
-
16 139
-
Employer

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

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

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

11 201
-
41 818
-
unemployment
84
-
238
-
pensions
1 344
-
3 809
-
health
577
-
1 635
-
total
2 005
-
5 682
-
Corporate
34 295
47 500
-
-
income
5 144
7 125
-
-
total
5 144
7 125
-
-
Dividends
29 150
40 375
-
-
withholding
4 373
6 056
-
-
total
4 373
6 056
-
-
Income
47 500
47 500
47 500
47 500
Total tax
15 295
13 181
21 821
21 820
After tax
32 205
34 319
25 679
25 680
Living cost
7 428
7 428
7 428
7 428
Free-cash
24 777
26 891
18 251
18 252

Estimated living cost  is ₴7428 per week

₴5001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
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.
₴1637
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15440
₴15285
₴14769
₴12066
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 500
income
-
-
-
4 647
surtax
-
-
-
-
social contributions

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

-
-
-
16 506
total
-
-
-
21 153
Employee
16 669
-
38 383
-
social contributions
1 834
-
4 222
-
surtax
-
-
-
-
income
3 257
-
10 518
-
total
5 091
-
14 740
-
Employer
16 669
-
38 383
-
social contributions
3 958
-
9 116
-
total
3 958
-
9 116
-
Corporate
26 873
47 500
-
-
surtax
-
-
-
-
income
5 643
9 975
-
-
total
5 643
9 975
-
-
Dividends
21 230
37 525
-
-
withholding
5 945
10 507
-
-
total
5 945
10 507
-
-
Income
47 500
47 500
47 500
47 500
Total tax
20 637
20 482
23 856
21 153
After tax
26 863
27 018
23 644
26 347
Living cost
11 578
11 578
11 578
11 578
Free-cash
15 285
15 440
12 066
14 769

Estimated living cost  is ₴11578 per week

₴8200
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴16901
₴13626
₴10811
₴9661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
accident
-
-
-
359
income
-
-
-
9 653
pensions
-
-
-
11 265
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
21 596
Employee
20 741
-
36 018
-
other
20
-
36
-
income
4 332
-
8 977
-
pensions
975
-
1 693
-
unemployment
321
-
558
-
total
5 648
-
11 264
-
Employer
20 741
-
36 018
-
accident
411
-
713
-
other
166
-
288
-
unemployment
1 141
-
1 981
-
pensions
4 895
-
8 500
-
total
6 613
-
11 482
-
Corporate
20 146
47 500
-
-
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.

3 022
7 125
-
-
total
3 022
7 125
-
-
Dividends
17 124
40 375
-
-
withholding
3 498
8 381
-
-
total
3 498
8 381
-
-
Income
47 500
47 500
47 500
47 500
Total tax
18 781
15 506
22 746
21 596
After tax
28 719
31 994
24 754
25 904
Living cost
15 093
15 093
15 093
15 093
Free-cash
13 626
16 901
9 661
10 811

Estimated living cost  is ₴15093 per week

₴10839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33216
₴30594
₴28969
₴30527
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
7 125
pensions

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

-
-
-
2 223
unemployment
-
-
-
60
health
-
-
-
1 727
total
-
-
-
11 135
Employee
9 794
-
44 553
-
health
451
-
691
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
980
-
4 456
-
pensions

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

860
-
1 319
-
total
2 399
-
6 631
-
Employer
9 794
-
44 553
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
unemployment
59
-
90
-
pensions

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

1 079
-
1 655
-
health
676
-
1 036
-
total
1 922
-
2 946
-
Corporate
35 785
47 500
-
-
income
3 579
4 750
-
-
total
3 579
4 750
-
-
Dividends
32 206
42 750
-
-
withholding
1 610
2 138
-
-
total
1 610
2 138
-
-
Income
47 500
47 500
47 500
47 500
Total tax
9 510
6 888
9 577
11 135
After tax
37 990
40 612
37 923
36 365
Living cost
7 396
7 396
7 396
7 396
Free-cash
30 594
33 216
30 527
28 969

Estimated living cost  is ₴7396 per week

₴4892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1905
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7911
₴13531
₴12663
₴16614
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 500
trade
-
-
-
3 951
income

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

-
-
-
10 778
health

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

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

-
-
-
2 934
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.

-
-
-
593
total
-
-
-
18 256
Employee

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

21 369
-
47 500
-
health

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

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

2 934
-
2 934
-
surtax

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

97
-
593
-
income

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

1 757
-
10 778
-
total
4 788
-
14 305
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 131
47 500
-
-
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.

215
392
-
-
income
3 919
7 125
-
-
trade
3 750
6 817
-
-
chamber of commerce
104
134
-
-
total
7 988
14 468
-
-
Dividends
18 144
33 032
-
-
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.

240
445
-
-
withholding
4 372
8 095
-
-
total
4 612
8 540
-
-
Income
47 500
47 500
47 500
47 500
Total tax
17 388
23 008
14 305
18 256
After tax
30 112
24 492
33 195
29 244
Living cost
16 581
16 581
16 581
16 581
Free-cash
13 531
7 911
16 614
12 663

Estimated living cost  is ₴16581 per week

₴11438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8787
₴9734
₴6815
₴6815
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
11 901
social contributions
-
-
-
4 320
total
-
-
-
16 221
Employee
33 594
-
47 500
-
income
6 339
-
11 901
-
social contributions
2 791
-
4 320
-
total
9 130
-
16 221
-
Employer
33 594
-
47 500
-
total
-
-
-
-
Corporate
13 906
47 500
-
-
income
1 738
5 937
-
-
total
1 738
5 937
-
-
Dividends
12 168
41 563
-
-
withholding
2 434
8 312
-
-
total
2 434
8 312
-
-
Income
47 500
47 500
47 500
47 500
Total tax
13 302
14 249
16 221
16 221
After tax
34 198
33 251
31 279
31 279
Living cost
24 464
24 464
24 464
24 464
Free-cash
9 734
8 787
6 815
6 815

Estimated living cost  is ₴24464 per week

₴18612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1993
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13016
₴14517
₴16822
₴19365
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 500
income
-
-
-
12 225
health

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

-
-
-
2 863
total
-
-
-
15 088
Employee
19 701
-
45 524
-
income
2 138
-
8 593
-
social contributions
1 974
-
1 976
-
total
4 112
-
10 569
-
Employer
19 701
-
45 524
-
social contributions
1 974
-
1 976
-
total
1 974
-
1 976
-
Corporate
25 825
47 500
-
-
income
9 038
16 625
-
-
total
9 038
16 625
-
-
Dividends
16 786
30 875
-
-
social contributions
2 269
2 269
-
-
total
2 269
2 269
-
-
Income
47 500
47 500
47 500
47 500
Total tax
17 393
18 894
12 545
15 088
After tax
30 107
28 606
34 955
32 412
Living cost
15 590
15 590
15 590
15 590
Free-cash
14 517
13 016
19 365
16 822

Estimated living cost  is ₴15590 per week

₴10269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3852
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18129
₴17104
₴17598
₴13298
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
income
-
-
-
10 537
pensions
-
-
-
3 316
total
-
-
-
13 853
Employee
22 030
-
41 758
-
health
287
-
692
-
income
4 012
-
7 670
-
pensions
1 681
-
4 049
-
total
5 980
-
12 411
-
Employer
22 030
-
41 758
-
pensions
2 226
-
4 948
-
health
419
-
794
-
total
2 645
-
5 742
-
Corporate
22 825
47 500
-
-
income

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

4 336
9 025
-
-
total
4 336
9 025
-
-
Dividends
18 489
38 475
-
-
withholding
1 386
4 297
-
-
total
1 386
4 297
-
-
Income
47 500
47 500
47 500
47 500
Total tax
14 347
13 322
18 153
13 853
After tax
33 153
34 178
29 347
33 647
Living cost
16 049
16 049
16 049
16 049
Free-cash
17 104
18 129
13 298
17 598

Estimated living cost  is ₴16049 per week

₴11010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6345
₴2283
₴22379
₴14630
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
accident
-
-
-
108
income
-
-
-
11 948
pensions
-
-
-
1 780
other
-
-
-
159
health
-
-
-
933
total
-
-
-
14 928
Employee
16 033
-
41 093
-
health
1 836
-
4 705
-
income
2 200
-
8 301
-
pensions
1 805
-
3 264
-
total
5 841
-
16 270
-
Employer
16 033
-
41 093
-
accident
268
-
686
-
unemployment
393
-
1 007
-
pensions
2 607
-
4 714
-
total
3 268
-
6 407
-
Corporate
28 199
47 500
-
-
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.

25 379
42 750
-
-
total
25 379
42 750
-
-
Dividends
2 820
4 750
-
-
withholding
536
902
-
-
total
536
902
-
-
Income
47 500
47 500
47 500
47 500
Total tax
35 024
43 652
22 677
14 928
After tax
12 476
3 848
24 823
32 572
Living cost
10 193
10 193
10 193
10 193
Free-cash
2 283
-6 345
14 630
22 379

Estimated living cost  is ₴10193 per week

₴7480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴594
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.
₴1913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34170
₴32486
₴21231
₴24849
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
47 500
work injury
-
-
-
237
health insurance
-
-
-
3 515
income
-
-
-
7 406
pensions
-
-
-
8 740
unemployment
-
-
-
570
total
-
-
-
20 468
Employee

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

9 282
-
47 500
-
work injury
46
-
172
-
income
928
-
7 406
-
pensions
1 708
-
6 319
-
health insurance
687
-
2 541
-
unemployment
111
-
412
-
total
3 480
-
16 850
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
38 218
47 500
-
-
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%.

-
475
-
-
total
-
475
-
-
Dividends
38 218
47 025
-
-
withholding
5 733
7 054
-
-
total
5 733
7 054
-
-
Income
47 500
47 500
47 500
47 500
Total tax
9 213
7 529
16 850
20 468
After tax
38 287
39 971
30 650
27 032
Living cost
5 801
5 801
5 801
5 801
Free-cash
32 486
34 170
24 849
21 231

Estimated living cost  is ₴5801 per week

₴3594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴7911
₴5957
₴6457
₴4285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
47 500
municipal
-
-
-
318
regional
-
-
-
991
national
-
-
-
10 408
social contributions
-
-
-
12 217
total
-
-
-
23 934
Employee
36 190
-
47 500
-
social contributions
12 203
-
16 017
-
regional
546
-
841
-
municipal
216
-
284
-
national
6 116
-
8 964
-
total
19 081
-
26 106
-
Employer
36 190
-
47 500
-
total
-
-
-
-
Corporate
11 310
47 500
-
-
nationa
2 715
11 400
-
-
municipal
545
2 289
-
-
total
3 260
13 689
-
-
Dividends
8 050
33 811
-
-
withholding
2 093
8 791
-
-
total
2 093
8 791
-
-
Income
47 500
47 500
47 500
47 500
Total tax
24 434
22 480
26 106
23 934
After tax
23 066
25 020
21 394
23 566
Living cost
17 109
17 109
17 109
17 109
Free-cash
5 957
7 911
4 285
6 457

Estimated living cost  is ₴17109 per week

₴12018
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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