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
₴ 48000
per

Your estimated
City
free-cash

Dresden , Germany
₴9276
₴19357
₴15423
₴14752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 000
income

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

-
-
-
9 728
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.

-
-
-
535
health

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

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

-
-
-
3 383
trade
-
-
-
3 934
total
-
-
-
17 580
Employee

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

18 938
-
48 000
-
surtax

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

29
-
535
-
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.

529
-
9 728
-
health

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

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

3 383
-
3 383
-
total
3 941
-
13 646
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 062
48 000
-
-
income
4 360
7 200
-
-
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
396
-
-
chamber of commerce
117
144
-
-
trade
4 578
7 560
-
-
total
9 295
15 300
-
-
Dividends
19 769
32 700
-
-
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.

261
440
-
-
withholding
4 754
7 987
-
-
total
5 015
8 427
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 251
23 727
13 646
17 580
After tax
29 749
24 273
34 354
30 420
Living cost
14 997
14 997
14 997
14 997
Free-cash
14 752
9 276
19 357
15 423

Estimated living cost  is ₴14997 per week

₴9434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1749
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3535
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3699
₴3221
₴2845
₴3262
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
social contributions
-
-
-
516
municipal
-
-
-
4 952
national
-
-
-
7 674
pensions
-
-
-
5 760
total
-
-
-
18 902
Employee
40 697
-
41 496
-
municipal
5 027
-
5 138
-
pensions
1 628
-
1 660
-
national
7 789
-
7 962
-
total
14 444
-
14 760
-
Employer
40 697
-
41 496
-
pensions
3 256
-
3 320
-
social contributions
437
-
446
-
total
3 693
-
3 766
-
Corporate
924
48 000
-
-
income

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

185
9 600
-
-
total
185
9 600
-
-
Dividends
739
38 400
-
-
withholding
163
8 448
-
-
total
163
8 448
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 485
18 048
18 526
18 902
After tax
29 515
29 952
29 474
29 098
Living cost
26 253
26 253
26 253
26 253
Free-cash
3 262
3 699
3 221
2 845

Estimated living cost  is ₴26253 per week

₴17844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2440
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴393
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28099
₴16772
₴15340
₴24037
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 000
income
-
-
-
6 927
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.

-
-
-
15 432
microenterprise
-
-
-
-
total
-
-
-
22 359
Employee
14 468
-
38 682
-
surtax
-
-
-
-
social contributions

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

1 592
-
4 255
-
income
2 575
-
7 354
-
total
4 167
-
11 609
-
Employer
14 468
-
38 682
-
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.

3 485
-
9 318
-
surtax
-
-
-
-
total
3 485
-
9 318
-
Corporate
30 047
48 000
-
-
income

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

6 010
9 600
-
-
total
6 010
9 600
-
-
Dividends

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

24 037
38 400
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
13 662
9 600
20 927
22 359
After tax
34 338
38 400
27 073
25 641
Living cost
10 301
10 301
10 301
10 301
Free-cash
24 037
28 099
16 772
15 340

Estimated living cost  is ₴10301 per week

₴6572
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴981
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.
₴2514
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1612
-₴1168
₴6512
-₴1168
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
9 099
health
-
-
-
5 846
pensions
-
-
-
5 801
total
-
-
-
20 746
Employee
42 282
42 282
42 282
-
pensions
7 611
5 801
7 611
-
income

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

6 921
6 921
6 921
-
health
6 490
5 520
6 490
-
total
21 022
18 242
21 022
-
Employer
42 282
42 282
42 282
-
health
2 939
2 939
2 939
-
pensions
2 943
2 943
2 943
-
unemployment
1 522
1 522
1 522
-
total
7 404
7 404
7 404
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
28 426
25 646
28 426
20 746
After tax
19 574
22 354
19 574
27 254
Living cost
20 742
20 742
20 742
20 742
Free-cash
-1 168
1 612
-1 168
6 512

Estimated living cost  is ₴20742 per week

₴14699
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1870
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5869
₴5295
₴4283
₴5412
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
accident
-
-
-
89
other
-
-
-
5 180
unemployment
-
-
-
45
health
-
-
-
2 782
municipal
-
-
-
10 463
national
-
-
-
-
pensions
-
-
-
4 819
total
-
-
-
23 378
Employee
28 982
-
36 524
-
municipal
8 642
-
10 891
-
national
-
-
-
-
total
8 642
-
10 891
-
Employer
28 982
-
36 524
-
health
1 782
-
2 246
-
pensions
3 133
-
3 948
-
accident
58
-
73
-
unemployment
765
-
964
-
other
3 368
-
4 244
-
total
9 106
-
11 475
-
Corporate
9 912
48 000
-
-
income
2 181
10 560
-
-
total
2 181
10 560
-
-
Dividends
7 732
37 440
-
-
withholding
2 320
11 232
-
-
total
2 320
11 232
-
-
Income
48 000
48 000
48 000
48 000
Total tax
22 249
21 792
22 366
23 378
After tax
25 751
26 208
25 634
24 622
Living cost
20 339
20 339
20 339
20 339
Free-cash
5 412
5 869
5 295
4 283

Estimated living cost  is ₴20339 per week

₴13480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1996
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4575
₴14903
₴10794
₴11533
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 000
income

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

-
-
-
9 728
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.

-
-
-
535
health

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

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

-
-
-
3 383
trade
-
-
-
4 109
total
-
-
-
17 755
Employee

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

25 109
-
48 000
-
surtax

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

118
-
535
-
income

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

2 157
-
9 728
-
health

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

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

3 383
-
3 383
-
total
5 658
-
13 646
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
22 891
48 000
-
-
income
3 433
7 200
-
-
surtax

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

189
396
-
-
chamber of commerce
108
144
-
-
trade
3 766
7 896
-
-
total
7 496
15 636
-
-
Dividends
15 395
32 364
-
-
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.

201
435
-
-
withholding
3 661
7 903
-
-
total
3 862
8 338
-
-
Income
48 000
48 000
48 000
48 000
Total tax
17 016
23 974
13 646
17 755
After tax
30 984
24 026
34 354
30 245
Living cost
19 451
19 451
19 451
19 451
Free-cash
11 533
4 575
14 903
10 794

Estimated living cost  is ₴19451 per week

₴13009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19084
₴18150
₴18197
₴17030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
5 031
social contributions
-
-
-
7 488
health
-
-
-
1 224
total
-
-
-
13 743
Employee
38 073
38 073
43 577
-
social contributions
1 850
3 160
3 617
-
income
3 998
3 524
5 010
-
health
379
647
740
-
total
6 227
7 331
9 367
-
Employer
38 073
38 073
43 577
-
health
412
705
806
-
social contributions
1 850
3 160
3 617
-
total
2 262
3 865
4 423
-
Corporate
23 451
6 062
-
-
income
2 932
758
-
-
total
2 932
758
-
-
Dividends
20 520
5 304
-
-
withholding
3 489
902
-
-
total
3 489
902
-
-
Income
48 000
48 000
48 000
48 000
Total tax
14 910
12 856
13 790
13 743
After tax
33 090
35 144
34 210
34 257
Living cost
16 060
16 060
16 060
16 060
Free-cash
17 030
19 084
18 150
18 197

Estimated living cost  is ₴16060 per week

₴10978
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1254
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and 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

Source of data for Limassol model

Close
Budapest , Hungary
₴17958
₴18734
₴24161
₴18146
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
5 868
unemployment
-
-
-
720
health
-
-
-
3 360
pensions
-
-
-
4 800
total
-
-
-
14 748
Employee

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

The minimum wage is 138,000 HUF per month.

13 124
5 223
40 167
-
unemployment
197
78
603
-
pensions
1 312
522
4 017
-
income
1 604
639
4 910
-
health
919
366
2 812
-
total
4 032
1 605
12 342
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 124
5 223
40 167
-
pensions
2 559
1 018
7 833
-
total
2 559
1 018
7 833
-
Corporate
32 317
41 759
-
-
income
2 909
3 758
-
-
total
2 909
3 758
-
-
Dividends
29 409
38 000
-
-
social contributions
5 675
7 350
-
-
withholding
5 588
7 220
-
-
total
11 263
14 570
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 763
20 951
20 175
14 748
After tax
27 237
27 049
27 825
33 252
Living cost
9 091
9 091
9 091
9 091
Free-cash
18 146
17 958
18 734
24 161

Estimated living cost  is ₴9091 per week

₴6204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴182
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1962
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26441
₴15708
₴13769
₴23364
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
6 432
health
-
-
-
6 240
pensions
-
-
-
9 600
total
-
-
-
22 272
Employee
14 046
-
35 874
-
unemployment
225
-
574
-
pensions
281
-
718
-
income
1 581
-
6 916
-
total
2 087
-
8 208
-
Employer
14 046
-
35 874
-
health
1 826
-
4 663
-
pensions
2 809
-
7 175
-
unemployment
113
-
287
-
total
4 748
-
12 125
-
Corporate
29 206
48 000
-
-
income
5 842
9 600
-
-
total
5 842
9 600
-
-
Dividends
23 365
38 400
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
12 677
9 600
20 333
22 272
After tax
35 323
38 400
27 667
25 728
Living cost
11 959
11 959
11 959
11 959
Free-cash
23 364
26 441
15 708
13 769

Estimated living cost  is ₴11959 per week

₴8203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴712
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2804
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7149
₴13618
₴21921
₴2194
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
accident
-
-
-
127
income
-
-
-
11 548
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
15 042
Employee
17 361
-
40 792
-
pensions
1 955
-
3 827
-
income
2 382
-
7 640
-
health
1 988
-
4 671
-
total
6 325
-
16 138
-
Employer
17 361
-
40 792
-
pensions
2 823
-
5 527
-
accident
290
-
681
-
unemployment
425
-
999
-
total
3 538
-
7 207
-
Corporate
27 101
48 000
-
-
income

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

24 391
43 200
-
-
total
24 391
43 200
-
-
Dividends
2 710
4 800
-
-
withholding
515
912
-
-
total
515
912
-
-
Income
48 000
48 000
48 000
48 000
Total tax
34 769
44 112
23 345
15 042
After tax
13 231
3 888
24 655
32 958
Living cost
11 036
11 036
11 036
11 036
Free-cash
2 194
-7 149
13 618
21 921

Estimated living cost  is ₴11036 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41609
₴34409
₴43529
₴40860
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
48 000
microenterprise

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

-
-
-
480
total
-
-
-
480
Employee
4 989
-
48 000
-
income
998
-
9 600
-
total
998
-
9 600
-
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%.

43 011
48 000
-
-
total
-
-
-
-
Dividends
43 011
48 000
-
-
withholding
2 151
2 400
-
-
total
2 151
2 400
-
-
Income
48 000
48 000
48 000
48 000
Total tax
3 149
2 400
9 600
480
After tax
44 851
45 600
38 400
47 520
Living cost
3 991
3 991
3 991
3 991
Free-cash
40 860
41 609
34 409
43 529

Estimated living cost  is ₴3991 per week

₴2473
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22073
₴14943
₴12798
₴18730
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
6 097
other
-
-
-
2 280
health
-
-
-
2 112
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.

-
-
-
11 520
total
-
-
-
22 009
Employee
17 978
-
38 339
-
unemployment
179
-
383
-
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.

1 258
-
2 684
-
income
3 095
-
6 600
-
health
252
-
537
-
total
4 784
-
10 204
-
Employer
17 978
-
38 339
-
health
252
-
537
-
pensions

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

3 057
-
6 517
-
accident
144
-
306
-
unemployment
179
-
383
-
other
899
-
1 917
-
total
4 531
-
9 660
-
Corporate
25 492
48 000
-
-
income
5 353
10 080
-
-
total
5 353
10 080
-
-
Dividends
20 139
37 920
-
-
withholding
1 409
2 654
-
-
total
1 409
2 654
-
-
Income
48 000
48 000
48 000
48 000
Total tax
16 077
12 734
19 864
22 009
After tax
31 923
35 266
28 136
25 991
Living cost
13 193
13 193
13 193
13 193
Free-cash
18 730
22 073
14 943
12 798

Estimated living cost  is ₴13193 per week

₴9322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴891
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2744
-₴2723
₴1983
-₴4804
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
9 693
pensions
-
-
-
3 501
total
-
-
-
13 194
Employee
46 440
-
42 287
-
pensions
4 480
-
3 982
-
income
8 371
-
7 525
-
health
765
-
680
-
total
13 616
-
12 187
-
Employer
46 440
-
42 287
-
health
882
-
803
-
pensions
5 483
-
4 910
-
total
6 365
-
5 713
-
Corporate
-
48 000
-
-
income

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

-
9 120
-
-
total
-
9 120
-
-
Dividends
-
38 880
-
-
withholding
-
3 313
-
-
total
-
3 313
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 981
12 433
17 900
13 194
After tax
28 019
35 567
30 100
34 806
Living cost
32 823
32 823
32 823
32 823
Free-cash
-4 804
2 744
-2 723
1 983

Estimated living cost  is ₴32823 per week

₴24595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3857
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴34551
₴31155
₴29695
₴32252
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
7 200
unemployment
-
-
-
69
health
-
-
-
1 988
pensions

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

-
-
-
2 559
total
-
-
-
11 816
Employee
8 593
-
44 608
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

754
-
1 518
-
income
859
-
4 461
-
health
395
-
795
-
total
2 103
-
6 964
-
Employer
8 593
-
44 608
-
health
593
-
1 193
-
pensions

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

947
-
1 905
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
unemployment
51
-
104
-
total
1 686
-
3 392
-
Corporate
37 721
48 000
-
-
income
3 772
4 800
-
-
total
3 772
4 800
-
-
Dividends
33 949
43 200
-
-
withholding
1 698
2 160
-
-
total
1 698
2 160
-
-
Income
48 000
48 000
48 000
48 000
Total tax
9 259
6 960
10 356
11 816
After tax
38 741
41 040
37 644
36 184
Living cost
6 489
6 489
6 489
6 489
Free-cash
32 252
34 551
31 155
29 695

Estimated living cost  is ₴6489 per week

₴3789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5102
-₴7882
-₴202
-₴5943
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
9 099
health
-
-
-
5 846
pensions
-
-
-
5 801
total
-
-
-
20 746
Employee
45 905
42 282
42 282
-
pensions
5 801
5 801
7 611
-
income

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

6 921
6 921
6 921
-
health
5 727
5 520
6 490
-
total
18 449
18 242
21 022
-
Employer
45 905
42 282
42 282
-
health
3 190
2 939
2 939
-
pensions
3 195
2 943
2 943
-
unemployment
1 653
1 522
1 522
-
total
8 038
7 404
7 404
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
26 487
25 646
28 426
20 746
After tax
21 513
22 354
19 574
27 254
Living cost
27 456
27 456
27 456
27 456
Free-cash
-5 943
-5 102
-7 882
-202

Estimated living cost  is ₴27456 per week

₴20253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2452
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4436
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20746
₴12056
₴11076
₴16358
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
4 126
social contributions
-
-
-
14 016
solidarity contribution
-
-
-
-
health
-
-
-
6 480
total
-
-
-
24 622
Employee
18 092
-
35 821
-
solidarity contribution
-
-
-
-
social contributions
1 176
-
2 328
-
income
2 171
-
4 299
-
health
2 442
-
4 836
-
total
5 789
-
11 463
-
Employer
18 092
-
35 821
-
health
1 628
-
3 224
-
social contributions
4 523
-
8 955
-
total
6 151
-
12 179
-
Corporate
23 757
48 000
-
-
income
4 514
9 120
-
-
total
4 514
9 120
-
-
Dividends
19 243
38 880
-
-
withholding
2 886
5 832
-
-
total
2 886
5 832
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 340
14 952
23 642
24 622
After tax
28 660
33 048
24 358
23 378
Living cost
12 302
12 302
12 302
12 302
Free-cash
16 358
20 746
12 056
11 076

Estimated living cost  is ₴12302 per week

₴8545
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4717
₴1573
₴3858
₴2132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
social contributions
-
-
-
12 345
regional
-
-
-
527
municipal
-
-
-
286
national
-
-
-
10 091
total
-
-
-
23 249
Employee
44 004
-
48 000
-
municipal
233
-
255
-
national
7 625
-
8 632
-
regional
415
-
461
-
social contributions
14 838
-
16 186
-
total
23 111
-
25 534
-
Employer
44 004
-
48 000
-
total
-
-
-
-
Corporate
3 996
48 000
-
-
municipal
156
1 872
-
-
nationa
959
11 520
-
-
total
1 115
13 392
-
-
Dividends
2 881
34 608
-
-
withholding
749
8 998
-
-
total
749
8 998
-
-
Income
48 000
48 000
48 000
48 000
Total tax
24 975
22 390
25 534
23 249
After tax
23 025
25 610
22 466
24 751
Living cost
20 893
20 893
20 893
20 893
Free-cash
2 132
4 717
1 573
3 858

Estimated living cost  is ₴20893 per week

₴14564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19266
₴12997
₴13924
₴17723
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
8 959
other
-
-
-
-
surtax
-
-
-
1 070
unemployment
-
-
-
113
health
-
-
-
3 408
pensions
-
-
-
9 600
total
-
-
-
23 150
Employee
16 374
-
39 653
-
other
-
-
-
-
unemployment
1 140
-
2 760
-
pensions
1 092
-
2 645
-
surtax
54
-
963
-
income
2 745
-
8 351
-
health
418
-
1 011
-
total
5 449
-
15 730
-
Employer
16 374
-
39 653
-
health
745
-
1 805
-
pensions
2 183
-
5 285
-
unemployment
519
-
1 257
-
other
-
-
-
-
total
3 447
-
8 347
-
Corporate
28 180
48 000
-
-
income
7 327
12 480
-
-
total
7 327
12 480
-
-
Dividends
20 853
35 520
-
-
withholding
3 128
5 328
-
-
total
3 128
5 328
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 351
17 808
24 077
23 150
After tax
28 649
30 192
23 923
24 850
Living cost
10 926
10 926
10 926
10 926
Free-cash
17 723
19 266
12 997
13 924

Estimated living cost  is ₴10926 per week

₴6681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1008
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.
₴2985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13143
₴7676
₴12382
₴9677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
9 693
pensions
-
-
-
3 501
total
-
-
-
13 194
Employee
31 123
-
42 287
-
pensions
2 642
-
3 982
-
income
5 605
-
7 525
-
health
452
-
680
-
total
8 699
-
12 187
-
Employer
31 123
-
42 287
-
health
591
-
803
-
pensions
3 369
-
4 910
-
total
3 960
-
5 713
-
Corporate
12 917
48 000
-
-
income

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

2 455
9 120
-
-
total
2 455
9 120
-
-
Dividends
10 463
38 880
-
-
withholding
785
3 313
-
-
total
785
3 313
-
-
Income
48 000
48 000
48 000
48 000
Total tax
15 899
12 433
17 900
13 194
After tax
32 101
35 567
30 100
34 806
Living cost
22 424
22 424
22 424
22 424
Free-cash
9 677
13 143
7 676
12 382

Estimated living cost  is ₴22424 per week

₴16800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1681
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.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴17267
-₴1486
₴966
-₴2267
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
other

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

-
-
-
960
regional
-
-
-
1 567
health
-
-
-
128
city
-
-
-
506
national
-
-
-
241
pensions
-
-
-
4 416
total
-
-
-
7 818
Employee
45 893
-
42 962
-
unemployment
-
-
-
-
pensions
3 856
-
3 609
-
national
217
-
194
-
regional
1 503
-
1 344
-
city
493
-
461
-
health
104
-
97
-
total
6 173
-
5 705
-
Employer
45 893
-
42 962
-
health
104
-
97
-
pensions
3 856
-
3 609
-
unemployment
-
-
-
-
other

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

918
-
859
-
total
4 878
-
4 565
-
Corporate
-
48 000
-
-
regional
-
10 152
-
-
national
-
4 080
-
-
total
-
14 232
-
-
Dividends
-
33 768
-
-
withholding
-
11 819
-
-
total
-
11 819
-
-
Income
48 000
48 000
48 000
48 000
Total tax
11 051
26 051
10 270
7 818
After tax
36 949
21 949
37 730
40 182
Living cost
39 216
39 216
39 216
39 216
Free-cash
-2 267
-17 267
-1 486
966

Estimated living cost  is ₴39216 per week

₴25501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9713
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴1098
₴11672
₴7388
₴9127
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 000
income

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

-
-
-
9 728
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.

-
-
-
535
health

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

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

-
-
-
3 383
trade
-
-
-
4 284
total
-
-
-
17 930
Employee

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

29 756
-
48 000
-
surtax

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

193
-
535
-
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.

3 499
-
9 728
-
health

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

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

3 383
-
3 383
-
total
7 075
-
13 646
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
18 244
48 000
-
-
income
2 736
7 200
-
-
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.

150
396
-
-
chamber of commerce
101
143
-
-
trade
3 129
8 232
-
-
total
6 116
15 971
-
-
Dividends
12 128
32 030
-
-
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.

156
430
-
-
withholding
2 844
7 819
-
-
total
3 000
8 249
-
-
Income
48 000
48 000
48 000
48 000
Total tax
16 191
24 220
13 646
17 930
After tax
31 809
23 780
34 354
30 070
Living cost
22 682
22 682
22 682
22 682
Free-cash
9 127
1 098
11 672
7 388

Estimated living cost  is ₴22682 per week

₴16566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7251
₴10311
₴10743
₴10178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
4 357
other
-
-
-
1 490
surtax
-
-
-
-
social contributions
-
-
-
1 368
health
-
-
-
805
pensions
-
-
-
12 297
total
-
-
-
20 317
Employee
21 191
-
36 577
-
pensions
2 396
-
4 137
-
surtax
-
-
-
-
social contributions
604
-
1 042
-
income
1 251
-
4 147
-
total
4 251
-
9 326
-
Employer
21 191
-
36 577
-
health
1 484
-
2 560
-
pensions
3 481
-
6 009
-
unemployment
858
-
1 482
-
social contributions
64
-
110
-
other
731
-
1 262
-
total
6 618
-
11 423
-
Corporate
20 192
48 000
-
-
income
5 654
13 440
-
-
surtax
-
-
-
-
total
5 654
13 440
-
-
Dividends
14 538
34 560
-
-
surtax
-
-
-
-
social contributions
2 499
5 945
-
-
withholding
1 860
4 424
-
-
total
4 359
10 369
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 882
23 809
20 749
20 317
After tax
27 118
24 191
27 251
27 683
Living cost
16 940
16 940
16 940
16 940
Free-cash
10 178
7 251
10 311
10 743

Estimated living cost  is ₴16940 per week

₴10681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴8929
₴11989
₴12421
₴11682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
4 357
other
-
-
-
1 490
surtax
-
-
-
-
social contributions
-
-
-
1 368
health
-
-
-
805
pensions
-
-
-
12 297
total
-
-
-
20 317
Employee
18 916
-
36 577
-
pensions
2 139
-
4 137
-
surtax
-
-
-
-
social contributions
539
-
1 042
-
income
975
-
4 147
-
total
3 653
-
9 326
-
Employer
18 916
-
36 577
-
health
1 324
-
2 560
-
pensions
3 108
-
6 009
-
unemployment
766
-
1 482
-
social contributions
56
-
110
-
other
653
-
1 262
-
total
5 907
-
11 423
-
Corporate
23 177
48 000
-
-
income
6 490
13 440
-
-
surtax
-
-
-
-
total
6 490
13 440
-
-
Dividends
16 687
34 560
-
-
surtax
-
-
-
-
social contributions
2 870
5 945
-
-
withholding
2 136
4 424
-
-
total
5 006
10 369
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 056
23 809
20 749
20 317
After tax
26 944
24 191
27 251
27 683
Living cost
15 262
15 262
15 262
15 262
Free-cash
11 682
8 929
11 989
12 421

Estimated living cost  is ₴15262 per week

₴8851
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1550
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4571
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18786
₴20488
₴20326
₴19041
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
7 200
social contributions
-
-
-
6 624
health
-
-
-
3 351
total
-
-
-
17 175
Employee
16 788
-
48 000
-
social contributions
2 317
-
6 624
-
income
2 800
-
7 038
-
health
1 172
-
3 351
-
total
6 289
-
17 013
-
Employer
16 788
-
48 000
-
total
-
-
-
-
Corporate
31 212
48 000
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

1 561
2 400
-
-
total
1 561
2 400
-
-
Dividends
29 651
45 600
-
-
social contributions
4 092
6 293
-
-
withholding
4 448
6 840
-
-
health
2 070
3 182
-
-
total
10 610
16 315
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 460
18 715
17 013
17 175
After tax
29 540
29 285
30 987
30 825
Living cost
10 499
10 499
10 499
10 499
Free-cash
19 041
18 786
20 488
20 326

Estimated living cost  is ₴10499 per week

₴7026
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9486
-₴2686
₴6982
₴8724
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
7 693
surtax
-
-
-
98
unemployment
-
-
-
3 037
chamber of commerce
-
-
-
192
health
-
-
-
3 672
pensions
-
-
-
8 880
total
-
-
-
23 572
Employee
24 744
19 732
37 196
-
other
247
197
372
-
unemployment
742
592
1 116
-
pensions
2 534
2 020
3 809
-
income
2 817
1 455
6 873
-
health
957
764
1 439
-
total
7 297
5 028
13 609
-
Employer
24 744
19 732
37 196
-
chamber of commerce
99
79
148
-
health
935
746
1 406
-
pensions
3 105
2 477
4 668
-
accident
321
257
484
-
unemployment
742
592
1 116
-
surtax
98
98
98
-
payroll
742
592
1 116
-
other
1 175
937
1 766
-
total
7 217
5 778
10 802
-
Corporate
16 038
22 492
35 318
-
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.

4 009
5 623
8 829
-
total
4 009
5 623
8 829
-
Dividends
12 028
16 869
-
-
withholding
3 307
4 639
-
-
total
3 307
4 639
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 830
21 068
33 240
23 572
After tax
26 170
26 932
14 760
24 428
Living cost
17 446
17 446
17 446
17 446
Free-cash
8 724
9 486
-2 686
6 982

Estimated living cost  is ₴17446 per week

₴11636
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1488
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8873
₴752
₴4677
₴1447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
communal

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

-
-
-
2 435
social contributions
-
-
-
7 406
national
-
-
-
15 429
total
-
-
-
25 270
Employee

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

35 417
-
37 175
-
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.

308
-
323
-
communal

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

1 847
-
1 939
-
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.

2 656
-
2 788
-
national
10 889
-
11 576
-
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.

1 664
-
1 748
-
total
17 364
-
18 374
-
Employer

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

35 417
-
37 175
-
health

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

2 178
-
2 286
-
pensions

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

3 138
-
3 293
-
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.

460
-
484
-
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.

517
-
543
-
surtax
4 016
-
4 215
-
total
10 309
-
10 821
-
Corporate
2 274
48 000
-
-
income
455
9 600
-
-
surtax
9
192
-
-
total
464
9 792
-
-
Dividends
1 810
38 208
-
-
withholding

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

363
11 282
-
-
total
363
11 282
-
-
Income
48 000
48 000
48 000
48 000
Total tax
28 500
21 074
29 195
25 270
After tax
19 500
26 926
18 805
22 730
Living cost
18 053
18 053
18 053
18 053
Free-cash
1 447
8 873
752
4 677

Estimated living cost  is ₴18053 per week

₴11629
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1579
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14464
₴7632
₴7725
₴10520
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
accident
-
-
-
413
income
-
-
-
8 627
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 987
total
-
-
-
22 394
Employee
24 646
-
36 397
-
other
24
-
37
-
unemployment
382
-
564
-
pensions
1 159
-
1 711
-
income
5 200
-
8 572
-
total
6 765
-
10 884
-
Employer
24 646
-
36 397
-
pensions
5 816
-
8 590
-
accident
488
-
721
-
unemployment
1 356
-
2 002
-
other
196
-
290
-
total
7 856
-
11 603
-
Corporate
15 498
48 000
-
-
income

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

2 325
7 200
-
-
total
2 325
7 200
-
-
Dividends
13 173
40 800
-
-
withholding
2 653
8 455
-
-
total
2 653
8 455
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 599
15 655
22 487
22 394
After tax
28 401
32 345
25 513
25 606
Living cost
17 881
17 881
17 881
17 881
Free-cash
10 520
14 464
7 632
7 725

Estimated living cost  is ₴17881 per week

₴13168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2516
₴2958
₴758
-₴780
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
communal
-
-
-
3 034
accident
-
-
-
405
income
-
-
-
3 949
surtax
-
-
-
2 380
health
-
-
-
3 372
pensions
-
-
-
7 195
total
-
-
-
20 335
Employee
37 496
-
42 875
-
pensions
2 999
-
3 430
-
surtax
2 298
-
2 627
-
income
3 622
-
5 046
-
health
1 669
-
1 908
-
total
10 588
-
13 011
-
Employer
37 496
-
42 875
-
health
1 143
-
1 308
-
pensions
2 999
-
3 430
-
accident
337
-
386
-
total
4 479
-
5 124
-
Corporate
6 024
48 000
-
-
communal
-
3 240
-
-
income
904
7 200
-
-
surtax
63
504
-
-
total
967
10 944
-
-
Dividends
5 057
37 056
-
-
income
5 081
2 074
-
-
withholding
758
5 559
-
-
total
5 839
7 633
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 873
18 577
18 135
20 335
After tax
26 127
29 423
29 865
27 665
Living cost
26 907
26 907
26 907
26 907
Free-cash
-780
2 516
2 958
758

Estimated living cost  is ₴26907 per week

₴20185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1630
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19071
₴12802
₴13729
₴17497
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
8 959
other
-
-
-
-
surtax
-
-
-
1 070
unemployment
-
-
-
113
health
-
-
-
3 408
pensions
-
-
-
9 600
total
-
-
-
23 150
Employee
16 674
-
39 653
-
other
-
-
-
-
unemployment
1 160
-
2 760
-
pensions
1 112
-
2 645
-
surtax
59
-
963
-
income
2 795
-
8 351
-
health
426
-
1 011
-
total
5 552
-
15 730
-
Employer
16 674
-
39 653
-
health
758
-
1 805
-
pensions
2 223
-
5 285
-
unemployment
529
-
1 257
-
other
-
-
-
-
total
3 510
-
8 347
-
Corporate
27 815
48 000
-
-
income
7 232
12 480
-
-
total
7 232
12 480
-
-
Dividends
20 583
35 520
-
-
withholding
3 088
5 328
-
-
total
3 088
5 328
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 382
17 808
24 077
23 150
After tax
28 618
30 192
23 923
24 850
Living cost
11 121
11 121
11 121
11 121
Free-cash
17 497
19 071
12 802
13 729

Estimated living cost  is ₴11121 per week

₴6714
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴967
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.
₴3182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11892
₴8943
₴11216
₴10793
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
social contributions
-
-
-
12 345
regional
-
-
-
724
municipal
-
-
-
286
national
-
-
-
10 091
total
-
-
-
23 446
Employee
27 466
-
48 000
-
municipal
146
-
255
-
national
4 351
-
8 632
-
regional
370
-
646
-
social contributions
9 262
-
16 186
-
total
14 129
-
25 719
-
Employer
27 466
-
48 000
-
total
-
-
-
-
Corporate
20 534
48 000
-
-
municipal
1 020
2 386
-
-
nationa
4 928
11 520
-
-
total
5 948
13 906
-
-
Dividends
14 586
34 094
-
-
withholding
3 792
8 864
-
-
total
3 792
8 864
-
-
Income
48 000
48 000
48 000
48 000
Total tax
23 869
22 770
25 719
23 446
After tax
24 131
25 230
22 281
24 554
Living cost
13 338
13 338
13 338
13 338
Free-cash
10 793
11 892
8 943
11 216

Estimated living cost  is ₴13338 per week

₴8295
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3463
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17888
₴9198
₴8218
₴12481
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
4 126
social contributions
-
-
-
14 016
solidarity contribution
-
-
-
-
health
-
-
-
6 480
total
-
-
-
24 622
Employee
22 294
-
35 821
-
solidarity contribution
-
-
-
-
social contributions
1 449
-
2 328
-
income
2 675
-
4 299
-
health
3 010
-
4 836
-
total
7 134
-
11 463
-
Employer
22 294
-
35 821
-
health
2 006
-
3 224
-
social contributions
5 573
-
8 955
-
total
7 579
-
12 179
-
Corporate
18 126
48 000
-
-
income
3 444
9 120
-
-
total
3 444
9 120
-
-
Dividends
14 682
38 880
-
-
withholding
2 202
5 832
-
-
total
2 202
5 832
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 359
14 952
23 642
24 622
After tax
27 641
33 048
24 358
23 378
Living cost
15 160
15 160
15 160
15 160
Free-cash
12 481
17 888
9 198
8 218

Estimated living cost  is ₴15160 per week

₴11274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
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.
₴2784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11190
-₴1018
₴8730
₴10947
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
7 693
surtax
-
-
-
-
unemployment
-
-
-
3 037
chamber of commerce
-
-
-
192
health
-
-
-
3 672
pensions
-
-
-
8 880
total
-
-
-
23 474
Employee
21 644
19 732
37 272
-
other
216
197
373
-
unemployment
649
592
1 118
-
pensions
2 217
2 020
3 817
-
income
1 928
1 455
6 899
-
health
837
764
1 442
-
total
5 847
5 028
13 649
-
Employer
21 644
19 732
37 272
-
chamber of commerce
86
79
149
-
health
818
746
1 408
-
pensions
2 716
2 477
4 677
-
accident
281
257
485
-
unemployment
649
592
1 118
-
surtax
-
-
-
-
payroll
649
592
1 118
-
other
1 028
937
1 770
-
total
6 227
5 680
10 725
-
Corporate
20 128
22 589
35 394
-
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.

5 032
5 647
8 848
-
total
5 032
5 647
8 848
-
Dividends
15 096
16 942
-
-
withholding
4 151
4 659
-
-
total
4 151
4 659
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 257
21 014
33 222
23 474
After tax
26 743
26 986
14 778
24 526
Living cost
15 796
15 796
15 796
15 796
Free-cash
10 947
11 190
-1 018
8 730

Estimated living cost  is ₴15796 per week

₴9476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1613
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4426
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39381
₴32181
₴41301
₴38215
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
48 000
microenterprise

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

-
-
-
480
total
-
-
-
480
Employee
7 774
-
48 000
-
income
1 555
-
9 600
-
total
1 555
-
9 600
-
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%.

40 226
48 000
-
-
total
-
-
-
-
Dividends
40 226
48 000
-
-
withholding
2 011
2 400
-
-
total
2 011
2 400
-
-
Income
48 000
48 000
48 000
48 000
Total tax
3 566
2 400
9 600
480
After tax
44 434
45 600
38 400
47 520
Living cost
6 219
6 219
6 219
6 219
Free-cash
38 215
39 381
32 181
41 301

Estimated living cost  is ₴6219 per week

₴4209
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1541
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19768
₴10245
₴11620
₴15626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 000
income
-
-
-
9 539
unemployment
-
-
-
72
health
-
-
-
4 723
pensions
-
-
-
8 766
total
-
-
-
23 100
Employee

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

21 895
-
41 533
-
unemployment
31
-
58
-
pensions
3 394
-
6 437
-
income
3 776
-
8 830
-
health
1 414
-
2 683
-
total
8 615
-
18 008
-
Employer

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

21 895
-
41 533
-
health
1 458
-
2 766
-
pensions
1 937
-
3 676
-
unemployment
13
-
25
-
total
3 408
-
6 467
-
Corporate
22 696
48 000
-
-
income
4 313
9 120
-
-
total
4 313
9 120
-
-
Dividends
18 384
38 880
-
-
withholding
2 758
5 832
-
-
total
2 758
5 832
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 094
14 952
24 475
23 100
After tax
28 906
33 048
23 525
24 900
Living cost
13 280
13 280
13 280
13 280
Free-cash
15 626
19 768
10 245
11 620

Estimated living cost  is ₴13280 per week

₴9114
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.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7523
₴19710
₴11492
-₴26918
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
9 356
social contributions
-
-
-
5 472
total
-
-
-
14 828
Employee
31 086
-
-
-
social contributions
2 549
-
363
-
income
6 857
-
-
-
total
9 406
-
363
-
Employer
31 086
-
-
-
social contributions
43 832
-
6 247
-
total
43 832
-
6 247
-
Corporate
-
48 000
-
-
income
-
10 560
-
-
total
-
10 560
-
-
Dividends
-
37 440
-
-
income
-
8 237
-
-
total
-
8 237
-
-
Income
48 000
48 000
48 000
48 000
Total tax
53 238
18 797
6 610
14 828
After tax
-5 238
29 203
41 390
33 172
Living cost
21 680
21 680
21 680
21 680
Free-cash
-26 918
7 523
19 710
11 492

Estimated living cost  is ₴21680 per week

₴14067
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2039
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5298
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11772
₴9044
₴11384
₴11273
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 000
income
-
-
-
4 405
surtax
-
-
-
-
social contributions

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

-
-
-
16 680
total
-
-
-
21 085
Employee
22 772
-
38 788
-
surtax
-
-
-
-
social contributions
2 505
-
4 267
-
income
4 737
-
9 946
-
total
7 242
-
14 213
-
Employer
22 772
-
38 788
-
social contributions
5 408
-
9 212
-
total
5 408
-
9 212
-
Corporate
19 820
48 000
-
-
income
4 162
10 080
-
-
surtax
-
-
-
-
total
4 162
10 080
-
-
Dividends
15 657
37 920
-
-
withholding
4 384
10 617
-
-
total
4 384
10 617
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 196
20 697
23 425
21 085
After tax
26 804
27 303
24 575
26 915
Living cost
15 531
15 531
15 531
15 531
Free-cash
11 273
11 772
9 044
11 384

Estimated living cost  is ₴15531 per week

₴11620
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴916
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2735
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴277
₴3337
₴3769
₴3682
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
4 357
other
-
-
-
1 490
surtax
-
-
-
-
social contributions
-
-
-
1 368
health
-
-
-
805
pensions
-
-
-
12 297
total
-
-
-
20 317
Employee
31 011
-
36 577
-
pensions
3 508
-
4 137
-
surtax
-
-
-
-
social contributions
883
-
1 042
-
income
2 706
-
4 147
-
total
7 097
-
9 326
-
Employer
31 011
-
36 577
-
health
2 170
-
2 560
-
pensions
5 095
-
6 009
-
unemployment
1 256
-
1 482
-
social contributions
93
-
110
-
other
1 070
-
1 262
-
total
9 684
-
11 423
-
Corporate
7 304
48 000
-
-
income
2 045
13 440
-
-
surtax
-
-
-
-
total
2 045
13 440
-
-
Dividends
5 259
34 560
-
-
surtax
-
-
-
-
social contributions
905
5 945
-
-
withholding
673
4 424
-
-
total
1 578
10 369
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 404
23 809
20 749
20 317
After tax
27 596
24 191
27 251
27 683
Living cost
23 914
23 914
23 914
23 914
Free-cash
3 682
277
3 337
3 769

Estimated living cost  is ₴23914 per week

₴16185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1956
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5445
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28317
₴23095
₴21813
₴26653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
744
social contributions
-
-
-
10 560
total
-
-
-
11 304
Employee
15 918
-
41 558
-
income
-
-
879
-
social contributions
1 035
-
2 701
-
total
1 035
-
3 580
-
Employer
15 918
-
41 558
-
social contributions
2 467
-
6 442
-
total
2 467
-
6 442
-
Corporate
29 615
48 000
-
-
income
2 962
4 800
-
-
total
2 962
4 800
-
-
Dividends
26 653
43 200
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
6 464
4 800
10 022
11 304
After tax
41 536
43 200
37 978
36 696
Living cost
14 883
14 883
14 883
14 883
Free-cash
26 653
28 317
23 095
21 813

Estimated living cost  is ₴14883 per week

₴9623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1122
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴59822
-₴59822
₴6029
-₴59822
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
labour market
-
-
-
3 806
municipal
-
-
-
8 835
national
-
-
-
5 068
pensions
-
-
-
429
total
-
-
-
18 138
Employee
100 594
100 594
100 594
-
municipal
21 421
21 421
21 421
-
labour market
8 036
8 036
8 036
-
pensions
143
143
143
-
national
12 289
12 289
12 289
-
total
41 889
41 889
41 889
-
Employer
100 594
100 594
100 594
-
national
12 311
12 311
12 311
-
labour market
8 048
8 048
8 048
-
pensions
286
286
286
-
municipal
21 455
21 455
21 455
-
total
42 100
42 100
42 100
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
83 989
83 989
83 989
18 138
After tax
-35 989
-35 989
-35 989
29 862
Living cost
23 833
23 833
23 833
23 833
Free-cash
-59 822
-59 822
-59 822
6 029

Estimated living cost  is ₴23833 per week

₴16312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2108
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴367
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5047
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6986
₴13781
₴22084
₴2219
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
accident
-
-
-
127
income
-
-
-
11 548
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
15 042
Employee
17 105
-
40 792
-
pensions
1 926
-
3 827
-
income
2 347
-
7 640
-
health
1 959
-
4 671
-
total
6 232
-
16 138
-
Employer
17 105
-
40 792
-
pensions
2 781
-
5 527
-
accident
286
-
681
-
unemployment
419
-
999
-
total
3 486
-
7 207
-
Corporate
27 409
48 000
-
-
income

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

24 668
43 200
-
-
total
24 668
43 200
-
-
Dividends
2 741
4 800
-
-
withholding
521
912
-
-
total
521
912
-
-
Income
48 000
48 000
48 000
48 000
Total tax
34 907
44 112
23 345
15 042
After tax
13 093
3 888
24 655
32 958
Living cost
10 874
10 874
10 874
10 874
Free-cash
2 219
-6 986
13 781
22 084

Estimated living cost  is ₴10874 per week

₴7915
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴620
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13022
₴8494
₴15245
₴11790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
48 000
health
-
-
-
533
municipal
-
-
-
8 544
national
-
-
-
4 669
total
-
-
-
13 746
Employee
26 050
-
40 381
-
municipal
4 267
-
6 594
-
unemployment
391
-
606
-
pensions
1 758
-
2 726
-
national
430
-
2 537
-
health
194
-
415
-
total
7 040
-
12 878
-
Employer
26 050
-
40 381
-
health
200
-
311
-
pensions
4 519
-
7 006
-
accident
26
-
40
-
unemployment
169
-
262
-
total
4 914
-
7 619
-
Corporate
17 035
48 000
-
-
income
3 407
9 600
-
-
total
3 407
9 600
-
-
Dividends

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

10 221
28 800
-
-
municipal
1 840
5 184
-
-
national
-
1 185
-
-
total
1 840
6 369
-
-
Income
48 000
48 000
48 000
48 000
Total tax
17 201
15 969
20 497
13 746
After tax
30 799
32 031
27 503
34 254
Living cost
19 009
19 009
19 009
19 009
Free-cash
11 790
13 022
8 494
15 245

Estimated living cost  is ₴19009 per week

₴12417
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4462
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23680
₴22746
₴22793
₴20986
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
5 031
social contributions
-
-
-
7 488
health
-
-
-
1 224
total
-
-
-
13 743
Employee
38 073
38 073
43 577
-
social contributions
1 439
3 160
3 617
-
income
4 146
3 524
5 010
-
health
295
647
740
-
total
5 880
7 331
9 367
-
Employer
38 073
38 073
43 577
-
health
320
705
806
-
social contributions
1 439
3 160
3 617
-
total
1 759
3 865
4 423
-
Corporate
28 896
6 062
-
-
income
3 612
758
-
-
total
3 612
758
-
-
Dividends
25 285
5 304
-
-
withholding
4 299
902
-
-
total
4 299
902
-
-
Income
48 000
48 000
48 000
48 000
Total tax
15 550
12 856
13 790
13 743
After tax
32 450
35 144
34 210
34 257
Living cost
11 464
11 464
11 464
11 464
Free-cash
20 986
23 680
22 746
22 793

Estimated living cost  is ₴11464 per week

₴6870
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1125
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31888
₴21749
₴30623
₴29370
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48 000
income
-
-
-
4 560
unemployment
-
-
-
14
health
-
-
-
1 792
pensions
-
-
-
3 150
total
-
-
-
9 516
Employee

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

11 365
-
43 517
-
unemployment
56
-
218
-
pensions
1 704
-
6 527
-
income
777
-
3 463
-
health
966
-
3 699
-
total
3 503
-
13 907
-
Employer

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

11 365
-
43 517
-
health
489
-
1 872
-
pensions
625
-
2 393
-
unemployment
56
-
218
-
total
1 170
-
4 483
-
Corporate
35 465
48 000
-
-
income
3 192
4 320
-
-
total
3 192
4 320
-
-
Dividends
32 273
43 680
-
-
withholding
2 904
3 931
-
-
total
2 904
3 931
-
-
Income
48 000
48 000
48 000
48 000
Total tax
10 769
8 251
18 390
9 516
After tax
37 231
39 749
29 610
38 484
Living cost
7 861
7 861
7 861
7 861
Free-cash
29 370
31 888
21 749
30 623

Estimated living cost  is ₴7861 per week

₴5016
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴567
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.
₴2045
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18729
₴11897
₴11991
₴16131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
accident
-
-
-
413
income
-
-
-
8 627
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 987
total
-
-
-
22 394
Employee
18 308
-
36 397
-
other
18
-
37
-
unemployment
284
-
564
-
pensions
861
-
1 711
-
income
3 530
-
8 572
-
total
4 693
-
10 884
-
Employer
18 308
-
36 397
-
pensions
4 320
-
8 590
-
accident
363
-
721
-
unemployment
1 007
-
2 002
-
other
147
-
290
-
total
5 837
-
11 603
-
Corporate
23 855
48 000
-
-
income

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

3 578
7 200
-
-
total
3 578
7 200
-
-
Dividends
20 277
40 800
-
-
withholding
4 146
8 455
-
-
total
4 146
8 455
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 254
15 655
22 487
22 394
After tax
29 746
32 345
25 513
25 606
Living cost
13 616
13 616
13 616
13 616
Free-cash
16 131
18 729
11 897
11 991

Estimated living cost  is ₴13616 per week

₴9190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
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.
₴2878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28992
₴29608
₴29676
₴28833
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
16 156
health
-
-
-
508
pensions
-
-
-
700
total
-
-
-
17 364
Employee
1 462
-
47 212
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
16 119
-
health
73
-
175
-
total
503
-
16 644
-
Employer
1 462
-
47 212
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
46 209
48 000
-
-
income
10 166
10 560
-
-
total
10 166
10 560
-
-
Dividends
36 043
37 440
-
-
withholding
7 209
7 488
-
-
total
7 209
7 488
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 207
18 048
17 432
17 364
After tax
29 793
29 952
30 568
30 636
Living cost
960
960
960
960
Free-cash
28 833
28 992
29 608
29 676

Estimated living cost  is ₴960 per week

₴570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴26118
₴16651
₴16649
₴23681
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 000
income
-
-
-
8 958
unemployment
-
-
-
549
health
-
-
-
3 769
pensions
-
-
-
9 513
total
-
-
-
22 789
Employee

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

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

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

12 911
-
41 451
-
unemployment
97
-
274
-
pensions
1 808
-
5 122
-
income
1 780
-
8 958
-
health
665
-
1 884
-
total
4 350
-
16 238
-
Employer

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

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

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

12 911
-
41 451
-
health
665
-
1 884
-
pensions
1 549
-
4 391
-
unemployment
97
-
274
-
total
2 311
-
6 549
-
Corporate
32 778
48 000
-
-
income
4 917
7 200
-
-
total
4 917
7 200
-
-
Dividends
27 861
40 800
-
-
withholding
4 179
6 120
-
-
total
4 179
6 120
-
-
Income
48 000
48 000
48 000
48 000
Total tax
15 757
13 320
22 787
22 789
After tax
32 243
34 680
25 213
25 211
Living cost
8 562
8 562
8 562
8 562
Free-cash
23 681
26 118
16 651
16 649

Estimated living cost  is ₴8562 per week

₴5765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴662
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13955
₴11227
₴13567
₴13775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 000
income
-
-
-
4 405
surtax
-
-
-
-
social contributions

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

-
-
-
16 680
total
-
-
-
21 085
Employee
19 217
-
38 788
-
surtax
-
-
-
-
social contributions
2 114
-
4 267
-
income
3 755
-
9 946
-
total
5 869
-
14 213
-
Employer
19 217
-
38 788
-
social contributions
4 564
-
9 212
-
total
4 564
-
9 212
-
Corporate
24 219
48 000
-
-
income
5 086
10 080
-
-
surtax
-
-
-
-
total
5 086
10 080
-
-
Dividends
19 133
37 920
-
-
withholding
5 358
10 617
-
-
total
5 358
10 617
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 877
20 697
23 425
21 085
After tax
27 123
27 303
24 575
26 915
Living cost
13 348
13 348
13 348
13 348
Free-cash
13 775
13 955
11 227
13 567

Estimated living cost  is ₴13348 per week

₴9454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14944
₴8112
₴8205
₴11169
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
accident
-
-
-
413
income
-
-
-
8 627
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 987
total
-
-
-
22 394
Employee
23 912
-
36 397
-
other
23
-
37
-
unemployment
370
-
564
-
pensions
1 124
-
1 711
-
income
4 994
-
8 572
-
total
6 511
-
10 884
-
Employer
23 912
-
36 397
-
pensions
5 643
-
8 590
-
accident
474
-
721
-
unemployment
1 315
-
2 002
-
other
192
-
290
-
total
7 624
-
11 603
-
Corporate
16 464
48 000
-
-
income

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

2 469
7 200
-
-
total
2 469
7 200
-
-
Dividends
13 994
40 800
-
-
withholding
2 826
8 455
-
-
total
2 826
8 455
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 430
15 655
22 487
22 394
After tax
28 570
32 345
25 513
25 606
Living cost
17 401
17 401
17 401
17 401
Free-cash
11 169
14 944
8 112
8 205

Estimated living cost  is ₴17401 per week

₴12497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3306
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32526
₴29130
₴27670
₴29509
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
7 200
unemployment
-
-
-
69
health
-
-
-
1 988
pensions

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

-
-
-
2 559
total
-
-
-
11 816
Employee
11 274
-
44 608
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

990
-
1 518
-
income
1 128
-
4 461
-
health
519
-
795
-
total
2 761
-
6 964
-
Employer
11 274
-
44 608
-
health
778
-
1 193
-
pensions

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

1 242
-
1 905
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 212
-
3 392
-
Corporate
34 514
48 000
-
-
income
3 451
4 800
-
-
total
3 451
4 800
-
-
Dividends
31 062
43 200
-
-
withholding
1 553
2 160
-
-
total
1 553
2 160
-
-
Income
48 000
48 000
48 000
48 000
Total tax
9 977
6 960
10 356
11 816
After tax
38 023
41 040
37 644
36 184
Living cost
8 514
8 514
8 514
8 514
Free-cash
29 509
32 526
29 130
27 670

Estimated living cost  is ₴8514 per week

₴5631
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2193
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5651
₴15238
₴11653
₴12128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 000
income

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

-
-
-
9 728
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.

-
-
-
535
health

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

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

-
-
-
3 383
trade
-
-
-
3 585
total
-
-
-
17 231
Employee

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

24 636
-
48 000
-
surtax

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

112
-
535
-
income

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

2 026
-
9 728
-
health

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

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

3 383
-
3 383
-
total
5 521
-
13 646
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
23 364
48 000
-
-
income
3 505
7 200
-
-
surtax

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

193
396
-
-
chamber of commerce
109
146
-
-
trade
3 352
6 888
-
-
total
7 159
14 630
-
-
Dividends
16 205
33 370
-
-
surtax

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

212
448
-
-
withholding
3 864
8 155
-
-
total
4 076
8 603
-
-
Income
48 000
48 000
48 000
48 000
Total tax
16 756
23 233
13 646
17 231
After tax
31 244
24 767
34 354
30 769
Living cost
19 116
19 116
19 116
19 116
Free-cash
12 128
5 651
15 238
11 653

Estimated living cost  is ₴19116 per week

₴13186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2057
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5395
₴4542
₴4542
₴6487
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
11 016
social contributions
-
-
-
4 237
total
-
-
-
15 253
Employee
38 730
-
48 000
-
income
7 308
-
11 016
-
social contributions
3 218
-
4 237
-
total
10 526
-
15 253
-
Employer
38 730
-
48 000
-
total
-
-
-
-
Corporate
9 270
48 000
-
-
income
1 159
6 000
-
-
total
1 159
6 000
-
-
Dividends
8 111
42 000
-
-
withholding
1 623
8 400
-
-
total
1 623
8 400
-
-
Income
48 000
48 000
48 000
48 000
Total tax
13 308
14 400
15 253
15 253
After tax
34 692
33 600
32 747
32 747
Living cost
28 205
28 205
28 205
28 205
Free-cash
6 487
5 395
4 542
4 542

Estimated living cost  is ₴28205 per week

₴21458
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10611
₴17255
₴12954
₴12713
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 000
income
-
-
-
14 094
health

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

-
-
-
2 979
total
-
-
-
17 073
Employee
22 714
-
45 722
-
income
2 465
-
8 216
-
social contributions
2 276
-
2 278
-
total
4 741
-
10 494
-
Employer
22 714
-
45 722
-
social contributions
2 276
-
2 278
-
total
2 276
-
2 278
-
Corporate
23 011
48 000
-
-
income
8 053
16 800
-
-
total
8 053
16 800
-
-
Dividends
14 957
31 200
-
-
social contributions
2 244
2 616
-
-
total
2 244
2 616
-
-
Income
48 000
48 000
48 000
48 000
Total tax
17 314
19 416
12 772
17 073
After tax
30 686
28 584
35 228
30 927
Living cost
17 973
17 973
17 973
17 973
Free-cash
12 713
10 611
17 255
12 954

Estimated living cost  is ₴17973 per week

₴11839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4441
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17337
₴11870
₴16576
₴14964
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
9 693
pensions
-
-
-
3 501
total
-
-
-
13 194
Employee
25 023
-
42 287
-
pensions
1 910
-
3 982
-
income
4 557
-
7 525
-
health
326
-
680
-
total
6 793
-
12 187
-
Employer
25 023
-
42 287
-
health
476
-
803
-
pensions
2 528
-
4 910
-
total
3 004
-
5 713
-
Corporate
19 973
48 000
-
-
income

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

3 795
9 120
-
-
total
3 795
9 120
-
-
Dividends
16 178
38 880
-
-
withholding
1 214
3 313
-
-
total
1 214
3 313
-
-
Income
48 000
48 000
48 000
48 000
Total tax
14 806
12 433
17 900
13 194
After tax
33 194
35 567
30 100
34 806
Living cost
18 230
18 230
18 230
18 230
Free-cash
14 964
17 337
11 870
16 576

Estimated living cost  is ₴18230 per week

₴12506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8062
₴12705
₴21008
₴2056
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
accident
-
-
-
127
income
-
-
-
11 548
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
15 042
Employee
18 798
-
40 792
-
pensions
2 117
-
3 827
-
income
2 579
-
7 640
-
health
2 152
-
4 671
-
total
6 848
-
16 138
-
Employer
18 798
-
40 792
-
pensions
3 056
-
5 527
-
accident
314
-
681
-
unemployment
460
-
999
-
total
3 830
-
7 207
-
Corporate
25 371
48 000
-
-
income

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

22 834
43 200
-
-
total
22 834
43 200
-
-
Dividends
2 537
4 800
-
-
withholding
482
912
-
-
total
482
912
-
-
Income
48 000
48 000
48 000
48 000
Total tax
33 994
44 112
23 345
15 042
After tax
14 006
3 888
24 655
32 958
Living cost
11 950
11 950
11 950
11 950
Free-cash
2 056
-8 062
12 705
21 008

Estimated living cost  is ₴11950 per week

₴8770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴696
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33704
₴23104
₴20791
₴31705
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 000
income
-
-
-
7 321
unemployment
-
-
-
576
work injury
-
-
-
240
health insurance
-
-
-
3 552
pensions
-
-
-
8 832
total
-
-
-
20 521
Employee

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

10 700
-
48 000
-
health insurance
792
-
2 930
-
unemployment
128
-
475
-
work injury
53
-
198
-
pensions
1 969
-
7 284
-
income
1 070
-
7 321
-
total
4 012
-
18 208
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 300
48 000
-
-
income

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

-
480
-
-
total
-
480
-
-
Dividends
37 300
47 520
-
-
withholding
5 595
7 128
-
-
total
5 595
7 128
-
-
Income
48 000
48 000
48 000
48 000
Total tax
9 607
7 608
18 208
20 521
After tax
38 393
40 392
29 792
27 479
Living cost
6 688
6 688
6 688
6 688
Free-cash
31 705
33 704
23 104
20 791

Estimated living cost  is ₴6688 per week

₴4143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴486
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.
₴1850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₴5559
₴2377
₴4573
₴3306
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
social contributions
-
-
-
12 345
regional
-
-
-
945
municipal
-
-
-
321
national
-
-
-
10 091
total
-
-
-
23 702
Employee
41 723
-
48 000
-
municipal
249
-
287
-
national
7 051
-
8 632
-
regional
630
-
793
-
social contributions
14 069
-
16 186
-
total
21 999
-
25 898
-
Employer
41 723
-
48 000
-
total
-
-
-
-
Corporate
6 277
48 000
-
-
municipal
303
2 313
-
-
nationa
1 506
11 520
-
-
total
1 809
13 833
-
-
Dividends
4 469
34 166
-
-
withholding
1 161
8 883
-
-
total
1 161
8 883
-
-
Income
48 000
48 000
48 000
48 000
Total tax
24 969
22 716
25 898
23 702
After tax
23 031
25 284
22 102
24 298
Living cost
19 725
19 725
19 725
19 725
Free-cash
3 306
5 559
2 377
4 573

Estimated living cost  is ₴19725 per week

₴13855
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4214
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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