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
₴18948
₴8634
₴15170
₴14348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 529
income

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

-
-
-
9 362
surtax

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

-
-
-
515
trade
-
-
-
3 778
total
-
-
-
17 184
Employee

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

19 757
-
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.

30
-
515
-
income

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

552
-
9 362
-
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.

3 529
-
3 529
-
total
4 111
-
13 406
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 243
48 000
-
-
chamber of commerce
119
147
-
-
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.

233
396
-
-
trade
4 448
7 560
-
-
income
4 237
7 200
-
-
total
9 037
15 303
-
-
Dividends
19 206
32 698
-
-
surtax

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

253
439
-
-
withholding
4 605
7 978
-
-
total
4 858
8 417
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 006
23 720
13 406
17 184
After tax
29 994
24 280
34 594
30 816
Living cost
15 646
15 646
15 646
15 646
Free-cash
14 348
8 634
18 948
15 170

Estimated living cost  is ₴15646 per week

₴9842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1824
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2291
₴2707
₴1915
₴1932
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 760
national
-
-
-
7 636
municipal
-
-
-
4 928
total
-
-
-
18 840
Employee
42 234
-
41 496
-
municipal
5 217
-
5 114
-
national
8 084
-
7 924
-
pensions
1 689
-
1 660
-
total
14 990
-
14 698
-
Employer
42 234
-
41 496
-
pensions
3 379
-
3 320
-
social contributions
454
-
446
-
total
3 833
-
3 766
-
Corporate
-
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%.

-
9 600
-
-
total
-
9 600
-
-
Dividends
-
38 400
-
-
withholding
-
8 448
-
-
total
-
8 448
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 823
18 048
18 464
18 840
After tax
29 177
29 952
29 536
29 160
Living cost
27 245
27 245
27 245
27 245
Free-cash
1 932
2 707
2 291
1 915

Estimated living cost  is ₴27245 per week

₴18518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2533
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16351
₴27654
₴14919
₴23416
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
income
-
-
-
6 903
surtax
-
-
-
-
microenterprise
-
-
-
-
total
-
-
-
22 335
Employee
15 094
-
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.

1 661
-
4 255
-
income
2 687
-
7 330
-
total
4 348
-
11 585
-
Employer
15 094
-
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.

3 636
-
9 318
-
total
3 636
-
9 318
-
Corporate
29 271
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%.

5 854
9 600
-
-
total
5 854
9 600
-
-
Dividends

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

23 417
38 400
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
13 838
9 600
20 903
22 335
After tax
34 162
38 400
27 097
25 665
Living cost
10 746
10 746
10 746
10 746
Free-cash
23 416
27 654
16 351
14 919

Estimated living cost  is ₴10746 per week

₴6856
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1023
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2623
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3293
-₴394
₴5628
-₴3293
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 980
income
-
-
-
8 701
pensions
-
-
-
6 052
total
-
-
-
20 733
Employee
44 111
44 111
44 111
-
income

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

7 220
7 220
7 220
-
pensions
7 940
6 052
7 940
-
health
6 770
5 759
6 770
-
total
21 930
19 031
21 930
-
Employer
44 111
44 111
44 111
-
unemployment
1 588
1 588
1 588
-
health
3 066
3 066
3 066
-
pensions
3 070
3 070
3 070
-
total
7 724
7 724
7 724
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
29 654
26 755
29 654
20 733
After tax
18 346
21 245
18 346
27 267
Living cost
21 639
21 639
21 639
21 639
Free-cash
-3 293
-394
-3 293
5 628

Estimated living cost  is ₴21639 per week

₴15335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4009
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4113
₴4688
₴2579
₴4205
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 480
health
-
-
-
2 943
accident
-
-
-
94
pensions
-
-
-
5 098
national
-
-
-
-
unemployment
-
-
-
47
municipal
-
-
-
10 239
total
-
-
-
23 901
Employee
30 664
-
36 524
-
municipal
9 144
-
10 892
-
national
-
-
-
-
total
9 144
-
10 892
-
Employer
30 664
-
36 524
-
other
3 563
-
4 244
-
unemployment
810
-
964
-
health
1 886
-
2 246
-
accident
61
-
73
-
pensions
3 315
-
3 948
-
total
9 635
-
11 475
-
Corporate
7 702
48 000
-
-
income
1 694
10 560
-
-
total
1 694
10 560
-
-
Dividends
6 007
37 440
-
-
withholding
1 802
11 232
-
-
total
1 802
11 232
-
-
Income
48 000
48 000
48 000
48 000
Total tax
22 275
21 792
22 367
23 901
After tax
25 725
26 208
25 633
24 099
Living cost
21 520
21 520
21 520
21 520
Free-cash
4 205
4 688
4 113
2 579

Estimated living cost  is ₴21520 per week

₴14262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2112
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4819
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14302
₴3741
₴10357
₴10997
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 529
income

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

-
-
-
9 362
surtax

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

-
-
-
515
trade
-
-
-
3 945
total
-
-
-
17 351
Employee

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

26 195
-
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.

124
-
515
-
income

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

2 251
-
9 362
-
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.

3 529
-
3 529
-
total
5 904
-
13 406
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 805
48 000
-
-
chamber of commerce
110
147
-
-
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.

180
396
-
-
trade
3 587
7 896
-
-
income
3 271
7 200
-
-
total
7 148
15 639
-
-
Dividends
14 657
32 361
-
-
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.

191
434
-
-
withholding
3 468
7 894
-
-
total
3 659
8 328
-
-
Income
48 000
48 000
48 000
48 000
Total tax
16 711
23 967
13 406
17 351
After tax
31 289
24 033
34 594
30 649
Living cost
20 292
20 292
20 292
20 292
Free-cash
10 997
3 741
14 302
10 357

Estimated living cost  is ₴20292 per week

₴13571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2140
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.
₴4278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17747
₴18402
₴17796
₴16260
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 488
health
-
-
-
1 224
income
-
-
-
4 738
total
-
-
-
13 450
Employee
39 720
39 720
43 577
-
social contributions
1 930
3 297
3 617
-
income
4 171
3 677
4 718
-
health
395
675
741
-
total
6 496
7 649
9 076
-
Employer
39 720
39 720
43 577
-
health
430
735
806
-
social contributions
1 930
3 297
3 617
-
total
2 360
4 032
4 423
-
Corporate
22 390
4 249
-
-
income
2 799
531
-
-
total
2 799
531
-
-
Dividends
19 591
3 717
-
-
withholding
3 331
632
-
-
total
3 331
632
-
-
Income
48 000
48 000
48 000
48 000
Total tax
14 986
12 844
13 499
13 450
After tax
33 014
35 156
34 501
34 550
Living cost
16 754
16 754
16 754
16 754
Free-cash
16 260
18 402
17 747
17 796

Estimated living cost  is ₴16754 per week

₴11453
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.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3711
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18349
₴17579
₴23776
₴17778
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 360
income
-
-
-
5 868
pensions
-
-
-
4 800
unemployment
-
-
-
720
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.

13 678
5 444
40 167
-
income
1 672
666
4 910
-
pensions
1 368
544
4 017
-
health
957
381
2 812
-
unemployment
205
82
603
-
total
4 202
1 673
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.

13 678
5 444
40 167
-
pensions
2 667
1 062
7 833
-
total
2 667
1 062
7 833
-
Corporate
31 654
41 495
-
-
income
2 849
3 735
-
-
total
2 849
3 735
-
-
Dividends
28 805
37 760
-
-
social contributions
5 555
7 301
-
-
withholding
5 473
7 174
-
-
total
11 028
14 475
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 746
20 945
20 175
14 748
After tax
27 254
27 055
27 825
33 252
Living cost
9 476
9 476
9 476
9 476
Free-cash
17 778
17 579
18 349
23 776

Estimated living cost  is ₴9476 per week

₴6466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴775
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴189
Clothing and shoes. We estimate one pair of shoes and 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 Budapest model

Close
Tallinn , Estonia
₴15190
₴25924
₴13252
₴22714
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
6 240
income
-
-
-
6 432
pensions
-
-
-
9 600
total
-
-
-
22 272
Employee
14 653
-
35 874
-
income
1 650
-
6 917
-
pensions
293
-
718
-
unemployment
234
-
574
-
total
2 177
-
8 209
-
Employer
14 653
-
35 874
-
unemployment
118
-
287
-
health
1 905
-
4 664
-
pensions
2 931
-
7 174
-
total
4 954
-
12 125
-
Corporate
28 393
48 000
-
-
income
5 679
9 600
-
-
total
5 679
9 600
-
-
Dividends
22 715
38 400
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
12 810
9 600
20 334
22 272
After tax
35 190
38 400
27 666
25 728
Living cost
12 476
12 476
12 476
12 476
Free-cash
22 714
25 924
15 190
13 252

Estimated living cost  is ₴12476 per week

₴8557
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13076
-₴7572
₴21510
₴2129
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
health
-
-
-
1 136
accident
-
-
-
132
income
-
-
-
11 402
pensions
-
-
-
2 167
total
-
-
-
15 030
Employee
18 026
-
40 589
-
income
2 473
-
7 432
-
pensions
2 030
-
3 974
-
health
2 064
-
4 647
-
total
6 567
-
16 053
-
Employer
18 026
-
40 589
-
unemployment
442
-
994
-
accident
301
-
678
-
pensions
2 931
-
5 739
-
total
3 674
-
7 411
-
Corporate
26 300
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.

23 670
43 200
-
-
total
23 670
43 200
-
-
Dividends
2 630
4 800
-
-
withholding
500
912
-
-
total
500
912
-
-
Income
48 000
48 000
48 000
48 000
Total tax
34 411
44 112
23 464
15 030
After tax
13 589
3 888
24 536
32 970
Living cost
11 460
11 460
11 460
11 460
Free-cash
2 129
-7 572
13 076
21 510

Estimated living cost  is ₴11460 per week

₴8399
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴635
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.
₴2187
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34166
₴41366
₴43286
₴40573
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 292
-
48 000
-
income
1 058
-
9 600
-
total
1 058
-
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%.

42 708
48 000
-
-
total
-
-
-
-
Dividends
42 708
48 000
-
-
withholding
2 135
2 400
-
-
total
2 135
2 400
-
-
Income
48 000
48 000
48 000
48 000
Total tax
3 193
2 400
9 600
480
After tax
44 807
45 600
38 400
47 520
Living cost
4 234
4 234
4 234
4 234
Free-cash
40 573
41 366
34 166
43 286

Estimated living cost  is ₴4234 per week

₴2624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴116
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1142
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14371
₴21502
₴12227
₴18012
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 280
health
-
-
-
2 112
income
-
-
-
6 097
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
18 755
-
38 338
-
income
3 229
-
6 600
-
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.

1 313
-
2 683
-
health
263
-
537
-
unemployment
187
-
383
-
total
4 992
-
10 203
-
Employer
18 755
-
38 338
-
other
938
-
1 917
-
unemployment
187
-
383
-
health
263
-
537
-
accident
150
-
307
-
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.

3 189
-
6 518
-
total
4 727
-
9 662
-
Corporate
24 518
48 000
-
-
income
5 149
10 080
-
-
total
5 149
10 080
-
-
Dividends
19 369
37 920
-
-
withholding
1 356
2 654
-
-
total
1 356
2 654
-
-
Income
48 000
48 000
48 000
48 000
Total tax
16 224
12 734
19 865
22 009
After tax
31 776
35 266
28 135
25 991
Living cost
13 764
13 764
13 764
13 764
Free-cash
18 012
21 502
14 371
12 227

Estimated living cost  is ₴13764 per week

₴9725
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2888
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4224
₴1565
₴820
-₴7340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 320
pensions
-
-
-
3 461
total
-
-
-
12 781
Employee
48 670
-
42 325
-
income
8 773
-
7 544
-
health
802
-
672
-
pensions
4 695
-
3 934
-
total
14 270
-
12 150
-
Employer
48 670
-
42 325
-
health
924
-
804
-
pensions
5 747
-
4 871
-
total
6 671
-
5 675
-
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
-
2 916
-
-
total
-
2 916
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 941
12 036
17 825
12 781
After tax
27 059
35 964
30 175
35 219
Living cost
34 399
34 399
34 399
34 399
Free-cash
-7 340
1 565
-4 224
820

Estimated living cost  is ₴34399 per week

₴25776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4042
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.
₴4302
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴30803
₴34362
₴29372
₴31997
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 046
income
-
-
-
7 200
pensions

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

-
-
-
2 633
unemployment
-
-
-
71
total
-
-
-
11 950
Employee
8 843
-
44 509
-
income
884
-
4 451
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

776
-
1 562
-
health
407
-
818
-
total
2 164
-
7 027
-
Employer
8 843
-
44 509
-
unemployment
53
-
107
-
health
610
-
1 228
-
accident

We are using the highest rate at 1.1%.

97
-
196
-
pensions

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

975
-
1 961
-
total
1 735
-
3 492
-
Corporate
37 422
48 000
-
-
income
3 742
4 800
-
-
total
3 742
4 800
-
-
Dividends
33 679
43 200
-
-
withholding
1 684
2 160
-
-
total
1 684
2 160
-
-
Income
48 000
48 000
48 000
48 000
Total tax
9 325
6 960
10 519
11 950
After tax
38 675
41 040
37 481
36 050
Living cost
6 678
6 678
6 678
6 678
Free-cash
31 997
34 362
30 803
29 372

Estimated living cost  is ₴6678 per week

₴3899
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴177
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2126
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴10297
-₴7398
-₴1376
-₴8275
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
5 980
income
-
-
-
8 701
pensions
-
-
-
6 052
total
-
-
-
20 733
Employee
47 890
44 111
44 111
-
income

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

7 220
7 220
7 220
-
pensions
6 052
6 052
7 940
-
health
5 975
5 759
6 770
-
total
19 247
19 031
21 930
-
Employer
47 890
44 111
44 111
-
unemployment
1 724
1 588
1 588
-
health
3 328
3 066
3 066
-
pensions
3 333
3 070
3 070
-
total
8 385
7 724
7 724
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
27 632
26 755
29 654
20 733
After tax
20 368
21 245
18 346
27 267
Living cost
28 643
28 643
28 643
28 643
Free-cash
-8 275
-7 398
-10 297
-1 376

Estimated living cost  is ₴28643 per week

₴21129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2558
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.
₴4628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11587
₴20276
₴10606
₴15720
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 016
health
-
-
-
6 480
income
-
-
-
4 126
solidarity contribution
-
-
-
-
total
-
-
-
24 622
Employee
18 782
-
35 821
-
social contributions
1 221
-
2 328
-
solidarity contribution
-
-
-
-
income
2 254
-
4 298
-
health
2 536
-
4 836
-
total
6 011
-
11 462
-
Employer
18 782
-
35 821
-
health
1 690
-
3 224
-
social contributions
4 695
-
8 955
-
total
6 385
-
12 179
-
Corporate
22 832
48 000
-
-
income
4 338
9 120
-
-
total
4 338
9 120
-
-
Dividends
18 494
38 880
-
-
withholding
2 774
5 832
-
-
total
2 774
5 832
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 508
14 952
23 641
24 622
After tax
28 492
33 048
24 359
23 378
Living cost
12 772
12 772
12 772
12 772
Free-cash
15 720
20 276
11 587
10 606

Estimated living cost  is ₴12772 per week

₴8871
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2741
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴823
₴3813
₴3108
₴1118
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 346
national
-
-
-
9 942
regional
-
-
-
523
municipal
-
-
-
285
total
-
-
-
23 096
Employee
45 907
-
48 000
-
social contributions
15 480
-
16 186
-
municipal
243
-
255
-
national
7 955
-
8 482
-
regional
433
-
458
-
total
24 111
-
25 381
-
Employer
45 907
-
48 000
-
total
-
-
-
-
Corporate
2 093
48 000
-
-
nationa
502
11 520
-
-
municipal
81
1 872
-
-
total
583
13 392
-
-
Dividends
1 510
34 608
-
-
withholding
392
8 999
-
-
total
392
8 999
-
-
Income
48 000
48 000
48 000
48 000
Total tax
25 086
22 391
25 381
23 096
After tax
22 914
25 609
22 619
24 904
Living cost
21 796
21 796
21 796
21 796
Free-cash
1 118
3 813
823
3 108

Estimated living cost  is ₴21796 per week

₴15194
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4838
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12746
₴18794
₴13672
₴17187
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
3 407
income
-
-
-
8 787
pensions
-
-
-
9 600
surtax
-
-
-
1 018
unemployment
-
-
-
118
total
-
-
-
22 930
Employee
17 082
-
39 653
-
surtax
56
-
912
-
income
2 863
-
8 181
-
other
-
-
-
-
pensions
1 139
-
2 645
-
health
436
-
1 012
-
unemployment
1 189
-
2 760
-
total
5 683
-
15 510
-
Employer
17 082
-
39 653
-
other
-
-
-
-
unemployment
541
-
1 257
-
health
777
-
1 804
-
pensions
2 277
-
5 285
-
total
3 595
-
8 346
-
Corporate
27 323
48 000
-
-
income
7 104
12 480
-
-
total
7 104
12 480
-
-
Dividends
20 219
35 520
-
-
withholding
3 033
5 328
-
-
total
3 033
5 328
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 415
17 808
23 856
22 930
After tax
28 585
30 192
24 144
25 070
Living cost
11 398
11 398
11 398
11 398
Free-cash
17 187
18 794
12 746
13 672

Estimated living cost  is ₴11398 per week

₴6969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1052
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6674
₴12463
₴11718
₴8416
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 320
pensions
-
-
-
3 461
total
-
-
-
12 781
Employee
32 617
-
42 325
-
income
5 875
-
7 544
-
health
473
-
672
-
pensions
2 768
-
3 934
-
total
9 116
-
12 150
-
Employer
32 617
-
42 325
-
health
620
-
804
-
pensions
3 531
-
4 871
-
total
4 151
-
5 675
-
Corporate
11 232
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.

2 134
9 120
-
-
total
2 134
9 120
-
-
Dividends
9 098
38 880
-
-
withholding
682
2 916
-
-
total
682
2 916
-
-
Income
48 000
48 000
48 000
48 000
Total tax
16 083
12 036
17 825
12 781
After tax
31 917
35 964
30 175
35 219
Living cost
23 501
23 501
23 501
23 501
Free-cash
8 416
12 463
6 674
11 718

Estimated living cost  is ₴23501 per week

₴17607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1761
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴3917
-₴19771
-₴1458
-₴5474
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
136
pensions
-
-
-
4 416
city
-
-
-
506
national
-
-
-
217
regional
-
-
-
1 503
total
-
-
-
7 738
Employee
48 823
-
42 963
-
national
231
-
184
-
city
524
-
462
-
pensions
4 102
-
3 609
-
health
110
-
96
-
regional
1 599
-
1 282
-
unemployment
-
-
-
-
total
6 566
-
5 633
-
Employer
48 823
-
42 963
-
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.

976
-
859
-
unemployment
-
-
-
-
health
110
-
96
-
pensions
4 102
-
3 609
-
total
5 188
-
4 564
-
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
11 754
26 051
10 197
7 738
After tax
36 246
21 949
37 803
40 262
Living cost
41 720
41 720
41 720
41 720
Free-cash
-5 474
-19 771
-3 917
-1 458

Estimated living cost  is ₴41720 per week

₴27130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3744
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10334
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10931
₴123
₴6818
₴8500
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 529
income

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

-
-
-
9 362
surtax

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

-
-
-
515
trade
-
-
-
4 113
total
-
-
-
17 519
Employee

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

31 043
-
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.

201
-
515
-
income

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

3 650
-
9 362
-
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.

3 529
-
3 529
-
total
7 380
-
13 406
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
16 957
48 000
-
-
chamber of commerce
102
146
-
-
surtax

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

140
396
-
-
trade
2 908
8 232
-
-
income
2 544
7 200
-
-
total
5 694
15 974
-
-
Dividends
11 263
32 026
-
-
surtax

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

144
429
-
-
withholding
2 619
7 811
-
-
total
2 763
8 240
-
-
Income
48 000
48 000
48 000
48 000
Total tax
15 837
24 214
13 406
17 519
After tax
32 163
23 786
34 594
30 481
Living cost
23 663
23 663
23 663
23 663
Free-cash
8 500
123
10 931
6 818

Estimated living cost  is ₴23663 per week

₴17283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9808
₴6519
₴10072
₴9568
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 489
social contributions
-
-
-
1 368
health
-
-
-
687
income
-
-
-
4 054
pensions
-
-
-
12 657
surtax
-
-
-
-
total
-
-
-
20 255
Employee
22 107
-
36 577
-
surtax
-
-
-
-
social contributions
630
-
1 042
-
income
1 305
-
3 918
-
pensions
2 500
-
4 137
-
total
4 435
-
9 097
-
Employer
22 107
-
36 577
-
other
763
-
1 262
-
unemployment
895
-
1 481
-
health
1 548
-
2 560
-
pensions
3 632
-
6 009
-
social contributions
67
-
110
-
total
6 905
-
11 422
-
Corporate
18 989
48 000
-
-
surtax
-
-
-
-
income
5 317
13 440
-
-
total
5 317
13 440
-
-
Dividends
13 672
34 560
-
-
social contributions
2 352
5 944
-
-
surtax
-
-
-
-
withholding
1 750
4 424
-
-
total
4 102
10 368
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 759
23 808
20 519
20 255
After tax
27 241
24 192
27 481
27 745
Living cost
17 673
17 673
17 673
17 673
Free-cash
9 568
6 519
9 808
10 072

Estimated living cost  is ₴17673 per week

₴11143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4792
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11559
₴8270
₴11823
₴11139
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 489
social contributions
-
-
-
1 368
health
-
-
-
687
income
-
-
-
4 054
pensions
-
-
-
12 657
surtax
-
-
-
-
total
-
-
-
20 255
Employee
19 734
-
36 577
-
surtax
-
-
-
-
social contributions
563
-
1 042
-
income
1 017
-
3 918
-
pensions
2 232
-
4 137
-
total
3 812
-
9 097
-
Employer
19 734
-
36 577
-
other
681
-
1 262
-
unemployment
799
-
1 481
-
health
1 381
-
2 560
-
pensions
3 243
-
6 009
-
social contributions
59
-
110
-
total
6 163
-
11 422
-
Corporate
22 103
48 000
-
-
surtax
-
-
-
-
income
6 189
13 440
-
-
total
6 189
13 440
-
-
Dividends
15 914
34 560
-
-
social contributions
2 738
5 944
-
-
surtax
-
-
-
-
withholding
2 037
4 424
-
-
total
4 775
10 368
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 939
23 808
20 519
20 255
After tax
27 061
24 192
27 481
27 745
Living cost
15 922
15 922
15 922
15 922
Free-cash
11 139
8 270
11 559
11 823

Estimated living cost  is ₴15922 per week

₴9234
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20146
₴18331
₴19873
₴18602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 624
health
-
-
-
3 350
income
-
-
-
7 200
total
-
-
-
17 174
Employee
17 514
-
48 000
-
social contributions
2 417
-
6 624
-
income
2 921
-
6 927
-
health
1 222
-
3 350
-
total
6 560
-
16 901
-
Employer
17 514
-
48 000
-
total
-
-
-
-
Corporate
30 486
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%.

1 524
2 400
-
-
total
1 524
2 400
-
-
Dividends
28 962
45 600
-
-
social contributions
3 996
6 293
-
-
withholding
4 344
6 840
-
-
health
2 021
3 183
-
-
total
10 361
16 316
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 445
18 716
16 901
17 174
After tax
29 555
29 284
31 099
30 826
Living cost
10 953
10 953
10 953
10 953
Free-cash
18 602
18 331
20 146
19 873

Estimated living cost  is ₴10953 per week

₴7330
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴675
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.
₴2695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3169
₴8767
₴6403
₴7969
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 672
income
-
-
-
7 382
chamber of commerce
-
-
-
192
pensions
-
-
-
8 880
surtax
-
-
-
102
unemployment
-
-
-
3 168
total
-
-
-
23 396
Employee
25 814
20 585
37 194
-
income
2 939
1 518
6 618
-
other
258
206
372
-
pensions
2 644
2 108
3 808
-
health
999
797
1 439
-
unemployment
774
618
1 116
-
total
7 614
5 247
13 353
-
Employer
25 814
20 585
37 194
-
other
1 226
977
1 767
-
unemployment
774
618
1 116
-
health
975
778
1 406
-
surtax
102
102
102
-
accident
335
268
483
-
pensions
3 240
2 584
4 668
-
payroll
774
618
1 116
-
chamber of commerce
103
82
149
-
total
7 529
6 027
10 807
-
Corporate
14 655
21 389
35 233
-
income

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

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

3 664
5 347
8 808
-
total
3 664
5 347
8 808
-
Dividends
10 991
16 041
-
-
withholding
3 023
4 411
-
-
total
3 023
4 411
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 830
21 032
32 968
23 396
After tax
26 170
26 968
15 032
24 604
Living cost
18 201
18 201
18 201
18 201
Free-cash
7 969
8 767
-3 169
6 403

Estimated living cost  is ₴18201 per week

₴12139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1553
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴98
₴8100
₴4156
₴236
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 291
communal

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

-
-
-
2 443
national
-
-
-
15 276
total
-
-
-
25 010
Employee

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

36 949
-
37 177
-
national
11 359
-
11 449
-
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.

2 771
-
2 789
-
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.

1 736
-
1 747
-
communal

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

1 927
-
1 939
-
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.

322
-
323
-
total
18 115
-
18 247
-
Employer

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

36 949
-
37 177
-
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.

539
-
543
-
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.

2 272
-
2 286
-
surtax
4 190
-
4 215
-
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.

480
-
483
-
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.

3 274
-
3 294
-
total
10 755
-
10 821
-
Corporate
296
48 000
-
-
surtax
1
192
-
-
income
59
9 600
-
-
total
60
9 792
-
-
Dividends
236
38 207
-
-
withholding

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

-
11 274
-
-
total
-
11 274
-
-
Income
48 000
48 000
48 000
48 000
Total tax
28 930
21 066
29 068
25 010
After tax
19 070
26 934
18 932
22 990
Living cost
18 834
18 834
18 834
18 834
Free-cash
236
8 100
98
4 156

Estimated living cost  is ₴18834 per week

₴12131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1647
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.
₴4761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7003
₴13694
₴6691
₴9581
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
431
income
-
-
-
8 292
pensions
-
-
-
13 549
unemployment
-
-
-
335
total
-
-
-
22 655
Employee
25 712
-
36 397
-
income
5 425
-
8 428
-
other
25
-
36
-
pensions
1 209
-
1 711
-
unemployment
399
-
565
-
total
7 058
-
10 740
-
Employer
25 712
-
36 397
-
other
205
-
291
-
unemployment
1 414
-
2 002
-
accident
509
-
720
-
pensions
6 068
-
8 590
-
total
8 196
-
11 603
-
Corporate
14 092
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.

2 113
7 200
-
-
total
2 113
7 200
-
-
Dividends
11 979
40 800
-
-
withholding
2 398
8 451
-
-
total
2 398
8 451
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 765
15 651
22 343
22 655
After tax
28 235
32 349
25 657
25 345
Living cost
18 654
18 654
18 654
18 654
Free-cash
9 581
13 694
7 003
6 691

Estimated living cost  is ₴18654 per week

₴13737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2094
₴1414
-₴165
-₴1928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 372
accident
-
-
-
405
income
-
-
-
3 708
pensions
-
-
-
7 195
communal
-
-
-
3 034
surtax
-
-
-
2 380
total
-
-
-
20 094
Employee
39 117
-
42 876
-
surtax
2 398
-
2 628
-
income
3 778
-
4 745
-
pensions
3 129
-
3 430
-
health
1 741
-
1 908
-
total
11 046
-
12 711
-
Employer
39 117
-
42 876
-
health
1 193
-
1 308
-
accident
352
-
386
-
pensions
3 129
-
3 430
-
total
4 674
-
5 124
-
Corporate
4 209
48 000
-
-
surtax
44
504
-
-
income
631
7 200
-
-
communal
-
3 240
-
-
total
675
10 944
-
-
Dividends
3 534
37 057
-
-
income
4 932
2 012
-
-
withholding
530
5 559
-
-
total
5 462
7 571
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 857
18 515
17 835
20 094
After tax
26 143
29 485
30 165
27 906
Living cost
28 071
28 071
28 071
28 071
Free-cash
-1 928
1 414
2 094
-165

Estimated living cost  is ₴28071 per week

₴21057
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5015
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12542
₴18590
₴13468
₴16946
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
health
-
-
-
3 407
income
-
-
-
8 787
pensions
-
-
-
9 600
surtax
-
-
-
1 018
unemployment
-
-
-
118
total
-
-
-
22 930
Employee
17 395
-
39 653
-
surtax
62
-
912
-
income
2 916
-
8 181
-
other
-
-
-
-
pensions
1 161
-
2 645
-
health
444
-
1 012
-
unemployment
1 211
-
2 760
-
total
5 794
-
15 510
-
Employer
17 395
-
39 653
-
other
-
-
-
-
unemployment
552
-
1 257
-
health
791
-
1 804
-
pensions
2 319
-
5 285
-
total
3 662
-
8 346
-
Corporate
26 943
48 000
-
-
income
7 005
12 480
-
-
total
7 005
12 480
-
-
Dividends
19 938
35 520
-
-
withholding
2 991
5 328
-
-
total
2 991
5 328
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 452
17 808
23 856
22 930
After tax
28 548
30 192
24 144
25 070
Living cost
11 602
11 602
11 602
11 602
Free-cash
16 946
18 590
12 542
13 468

Estimated living cost  is ₴11602 per week

₴7005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1009
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.
₴3320
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8517
₴11315
₴10788
₴10168
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 346
national
-
-
-
9 942
regional
-
-
-
724
municipal
-
-
-
285
total
-
-
-
23 297
Employee
28 653
-
48 000
-
social contributions
9 662
-
16 186
-
municipal
152
-
255
-
national
4 539
-
8 482
-
regional
386
-
645
-
total
14 739
-
25 568
-
Employer
28 653
-
48 000
-
total
-
-
-
-
Corporate
19 347
48 000
-
-
nationa
4 643
11 520
-
-
municipal
962
2 386
-
-
total
5 605
13 906
-
-
Dividends
13 742
34 094
-
-
withholding
3 573
8 864
-
-
total
3 573
8 864
-
-
Income
48 000
48 000
48 000
48 000
Total tax
23 917
22 770
25 568
23 297
After tax
24 083
25 230
22 432
24 703
Living cost
13 915
13 915
13 915
13 915
Free-cash
10 168
11 315
8 517
10 788

Estimated living cost  is ₴13915 per week

₴8654
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8621
₴17310
₴7640
₴11697
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 016
health
-
-
-
6 480
income
-
-
-
4 126
solidarity contribution
-
-
-
-
total
-
-
-
24 622
Employee
23 144
-
35 821
-
social contributions
1 504
-
2 328
-
solidarity contribution
-
-
-
-
income
2 777
-
4 298
-
health
3 124
-
4 836
-
total
7 405
-
11 462
-
Employer
23 144
-
35 821
-
health
2 083
-
3 224
-
social contributions
5 786
-
8 955
-
total
7 869
-
12 179
-
Corporate
16 987
48 000
-
-
income
3 227
9 120
-
-
total
3 227
9 120
-
-
Dividends
13 759
38 880
-
-
withholding
2 064
5 832
-
-
total
2 064
5 832
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 565
14 952
23 641
24 622
After tax
27 435
33 048
24 359
23 378
Living cost
15 738
15 738
15 738
15 738
Free-cash
11 697
17 310
8 621
7 640

Estimated living cost  is ₴15738 per week

₴11704
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2890
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1428
₴10542
₴8226
₴10292
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 672
income
-
-
-
7 382
chamber of commerce
-
-
-
192
pensions
-
-
-
8 880
surtax
-
-
-
-
unemployment
-
-
-
3 168
total
-
-
-
23 294
Employee
22 580
20 585
37 273
-
income
2 011
1 518
6 644
-
other
225
206
372
-
pensions
2 312
2 108
3 817
-
health
873
797
1 443
-
unemployment
677
618
1 118
-
total
6 098
5 247
13 394
-
Employer
22 580
20 585
37 273
-
other
1 072
977
1 770
-
unemployment
677
618
1 118
-
health
854
778
1 409
-
surtax
-
-
-
-
accident
293
268
484
-
pensions
2 834
2 584
4 678
-
payroll
677
618
1 118
-
chamber of commerce
90
82
149
-
total
6 497
5 925
10 726
-
Corporate
18 922
21 491
35 313
-
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.

4 731
5 373
8 828
-
total
4 731
5 373
8 828
-
Dividends
14 192
16 118
-
-
withholding
3 902
4 433
-
-
total
3 902
4 433
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 228
20 978
32 948
23 294
After tax
26 772
27 022
15 052
24 706
Living cost
16 480
16 480
16 480
16 480
Free-cash
10 292
10 542
-1 428
8 226

Estimated living cost  is ₴16480 per week

₴9886
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31803
₴39003
₴40923
₴37766
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 247
-
48 000
-
income
1 649
-
9 600
-
total
1 649
-
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%.

39 753
48 000
-
-
total
-
-
-
-
Dividends
39 753
48 000
-
-
withholding
1 988
2 400
-
-
total
1 988
2 400
-
-
Income
48 000
48 000
48 000
48 000
Total tax
3 637
2 400
9 600
480
After tax
44 363
45 600
38 400
47 520
Living cost
6 597
6 597
6 597
6 597
Free-cash
37 766
39 003
31 803
40 923

Estimated living cost  is ₴6597 per week

₴4464
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴277
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9763
₴19193
₴11140
₴14873
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
4 723
income
-
-
-
9 444
pensions
-
-
-
8 766
unemployment
-
-
-
72
total
-
-
-
23 005
Employee

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

22 842
-
41 533
-
income
3 939
-
8 737
-
pensions
3 541
-
6 437
-
health
1 475
-
2 683
-
unemployment
32
-
58
-
total
8 987
-
17 915
-
Employer

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

22 842
-
41 533
-
unemployment
14
-
25
-
health
1 521
-
2 766
-
pensions
2 021
-
3 676
-
total
3 556
-
6 467
-
Corporate
21 602
48 000
-
-
income
4 104
9 120
-
-
total
4 104
9 120
-
-
Dividends
17 498
38 880
-
-
withholding
2 625
5 832
-
-
total
2 625
5 832
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 272
14 952
24 382
23 005
After tax
28 728
33 048
23 618
24 995
Living cost
13 855
13 855
13 855
13 855
Free-cash
14 873
19 193
9 763
11 140

Estimated living cost  is ₴13855 per week

₴9508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3191
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17602
₴5907
₴9876
-₴32501
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 472
income
-
-
-
9 356
total
-
-
-
14 828
Employee
33 403
-
-
-
social contributions
2 739
-
390
-
income
7 368
-
-
-
total
10 107
-
390
-
Employer
33 403
-
-
-
social contributions
47 098
-
6 712
-
total
47 098
-
6 712
-
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
57 205
18 797
7 102
14 828
After tax
-9 205
29 203
40 898
33 172
Living cost
23 296
23 296
23 296
23 296
Free-cash
-32 501
5 907
17 602
9 876

Estimated living cost  is ₴23296 per week

₴15115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2191
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5693
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8495
₴11100
₴10779
₴10581
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
16 680
income
-
-
-
4 339
surtax
-
-
-
-
total
-
-
-
21 019
Employee
23 757
-
38 788
-
surtax
-
-
-
-
social contributions
2 613
-
4 267
-
income
4 942
-
9 824
-
total
7 555
-
14 091
-
Employer
23 757
-
38 788
-
social contributions
5 642
-
9 212
-
total
5 642
-
9 212
-
Corporate
18 601
48 000
-
-
surtax
-
-
-
-
income
3 906
10 080
-
-
total
3 906
10 080
-
-
Dividends
14 695
37 920
-
-
withholding
4 114
10 618
-
-
total
4 114
10 618
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 217
20 698
23 303
21 019
After tax
26 783
27 302
24 697
26 981
Living cost
16 202
16 202
16 202
16 202
Free-cash
10 581
11 100
8 495
10 779

Estimated living cost  is ₴16202 per week

₴12123
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴956
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2533
-₴756
₴2797
₴2795
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 489
social contributions
-
-
-
1 368
health
-
-
-
687
income
-
-
-
4 054
pensions
-
-
-
12 657
surtax
-
-
-
-
total
-
-
-
20 255
Employee
32 352
-
36 577
-
surtax
-
-
-
-
social contributions
921
-
1 042
-
income
2 823
-
3 918
-
pensions
3 659
-
4 137
-
total
7 403
-
9 097
-
Employer
32 352
-
36 577
-
other
1 116
-
1 262
-
unemployment
1 311
-
1 481
-
health
2 264
-
2 560
-
pensions
5 316
-
6 009
-
social contributions
97
-
110
-
total
10 104
-
11 422
-
Corporate
5 544
48 000
-
-
surtax
-
-
-
-
income
1 553
13 440
-
-
total
1 553
13 440
-
-
Dividends
3 991
34 560
-
-
social contributions
686
5 944
-
-
surtax
-
-
-
-
withholding
511
4 424
-
-
total
1 197
10 368
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 257
23 808
20 519
20 255
After tax
27 743
24 192
27 481
27 745
Living cost
24 948
24 948
24 948
24 948
Free-cash
2 795
-756
2 533
2 797

Estimated living cost  is ₴24948 per week

₴16885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2041
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5680
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22562
₴27673
₴21217
₴25938
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
696
social contributions
-
-
-
10 560
total
-
-
-
11 256
Employee
16 606
-
41 558
-
income
-
-
767
-
social contributions
1 079
-
2 702
-
total
1 079
-
3 469
-
Employer
16 606
-
41 558
-
social contributions
2 574
-
6 442
-
total
2 574
-
6 442
-
Corporate
28 820
48 000
-
-
income
2 882
4 800
-
-
total
2 882
4 800
-
-
Dividends
25 938
43 200
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
6 535
4 800
9 911
11 256
After tax
41 465
43 200
38 089
36 744
Living cost
15 527
15 527
15 527
15 527
Free-cash
25 938
27 673
22 562
21 217

Estimated living cost  is ₴15527 per week

₴10040
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴64383
-₴64383
₴5134
-₴64383
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 804
pensions
-
-
-
447
national
-
-
-
5 036
municipal
-
-
-
8 738
total
-
-
-
18 025
Employee
104 849
104 849
104 849
-
labour market
8 376
8 376
8 376
-
municipal
22 327
22 327
22 327
-
national
12 809
12 809
12 809
-
pensions
149
149
149
-
total
43 661
43 661
43 661
-
Employer
104 849
104 849
104 849
-
national
12 832
12 832
12 832
-
labour market
8 388
8 388
8 388
-
pensions
298
298
298
-
municipal
22 363
22 363
22 363
-
total
43 881
43 881
43 881
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
87 542
87 542
87 542
18 025
After tax
-39 542
-39 542
-39 542
29 975
Living cost
24 841
24 841
24 841
24 841
Free-cash
-64 383
-64 383
-64 383
5 134

Estimated living cost  is ₴24841 per week

₴17002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2197
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴382
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13246
-₴7402
₴21680
₴2155
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
health
-
-
-
1 136
accident
-
-
-
132
income
-
-
-
11 402
pensions
-
-
-
2 167
total
-
-
-
15 030
Employee
17 761
-
40 589
-
income
2 437
-
7 432
-
pensions
2 000
-
3 974
-
health
2 034
-
4 647
-
total
6 471
-
16 053
-
Employer
17 761
-
40 589
-
unemployment
435
-
994
-
accident
297
-
678
-
pensions
2 888
-
5 739
-
total
3 620
-
7 411
-
Corporate
26 620
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.

23 958
43 200
-
-
total
23 958
43 200
-
-
Dividends
2 662
4 800
-
-
withholding
506
912
-
-
total
506
912
-
-
Income
48 000
48 000
48 000
48 000
Total tax
34 555
44 112
23 464
15 030
After tax
13 445
3 888
24 536
32 970
Living cost
11 290
11 290
11 290
11 290
Free-cash
2 155
-7 402
13 246
21 680

Estimated living cost  is ₴11290 per week

₴8218
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴644
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.
₴2217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴7841
₴12365
₴14664
₴10862
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
523
national
-
-
-
4 436
municipal
-
-
-
8 546
total
-
-
-
13 505
Employee
27 176
-
40 381
-
municipal
4 451
-
6 596
-
national
449
-
2 374
-
pensions
1 834
-
2 726
-
health
203
-
406
-
unemployment
408
-
606
-
total
7 345
-
12 708
-
Employer
27 176
-
40 381
-
unemployment
176
-
263
-
health
209
-
311
-
accident
27
-
40
-
pensions
4 715
-
7 006
-
total
5 127
-
7 620
-
Corporate
15 696
48 000
-
-
income
3 140
9 600
-
-
total
3 140
9 600
-
-
Dividends

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

9 417
28 800
-
-
national
-
1 021
-
-
municipal
1 695
5 183
-
-
total
1 695
6 204
-
-
Income
48 000
48 000
48 000
48 000
Total tax
17 307
15 804
20 328
13 505
After tax
30 693
32 196
27 672
34 495
Living cost
19 831
19 831
19 831
19 831
Free-cash
10 862
12 365
7 841
14 664

Estimated living cost  is ₴19831 per week

₴12954
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22542
₴23197
₴22591
₴20385
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 488
health
-
-
-
1 224
income
-
-
-
4 738
total
-
-
-
13 450
Employee
39 720
39 720
43 577
-
social contributions
1 502
3 297
3 617
-
income
4 325
3 677
4 718
-
health
308
675
741
-
total
6 135
7 649
9 076
-
Employer
39 720
39 720
43 577
-
health
334
735
806
-
social contributions
1 502
3 297
3 617
-
total
1 836
4 032
4 423
-
Corporate
28 070
4 249
-
-
income
3 509
531
-
-
total
3 509
531
-
-
Dividends
24 561
3 717
-
-
withholding
4 176
632
-
-
total
4 176
632
-
-
Income
48 000
48 000
48 000
48 000
Total tax
15 656
12 844
13 499
13 450
After tax
32 344
35 156
34 501
34 550
Living cost
11 959
11 959
11 959
11 959
Free-cash
20 385
23 197
22 542
22 591

Estimated living cost  is ₴11959 per week

₴7167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21417
₴31548
₴30100
₴28919
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
1 869
income
-
-
-
4 529
pensions
-
-
-
3 286
unemployment
-
-
-
15
total
-
-
-
9 699
Employee

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

11 856
-
43 517
-
income
811
-
3 455
-
pensions
1 778
-
6 527
-
health
1 008
-
3 699
-
unemployment
59
-
218
-
total
3 656
-
13 899
-
Employer

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

11 856
-
43 517
-
unemployment
59
-
218
-
health
510
-
1 871
-
pensions
652
-
2 394
-
total
1 221
-
4 483
-
Corporate
34 923
48 000
-
-
income
3 143
4 320
-
-
total
3 143
4 320
-
-
Dividends
31 781
43 680
-
-
withholding
2 860
3 931
-
-
total
2 860
3 931
-
-
Income
48 000
48 000
48 000
48 000
Total tax
10 880
8 251
18 382
9 699
After tax
37 120
39 749
29 618
38 301
Living cost
8 201
8 201
8 201
8 201
Free-cash
28 919
31 548
21 417
30 100

Estimated living cost  is ₴8201 per week

₴5232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2133
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11453
₴18145
₴11141
₴15436
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
431
income
-
-
-
8 292
pensions
-
-
-
13 549
unemployment
-
-
-
335
total
-
-
-
22 655
Employee
19 100
-
36 397
-
income
3 682
-
8 428
-
other
19
-
36
-
pensions
898
-
1 711
-
unemployment
296
-
565
-
total
4 895
-
10 740
-
Employer
19 100
-
36 397
-
other
153
-
291
-
unemployment
1 051
-
2 002
-
accident
378
-
720
-
pensions
4 507
-
8 590
-
total
6 089
-
11 603
-
Corporate
22 811
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.

3 422
7 200
-
-
total
3 422
7 200
-
-
Dividends
19 389
40 800
-
-
withholding
3 954
8 451
-
-
total
3 954
8 451
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 360
15 651
22 343
22 655
After tax
29 640
32 349
25 657
25 345
Living cost
14 204
14 204
14 204
14 204
Free-cash
15 436
18 145
11 453
11 141

Estimated living cost  is ₴14204 per week

₴9588
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1365
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3002
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29617
₴28998
₴29685
₴28841
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
505
income
-
-
-
16 160
pensions
-
-
-
696
total
-
-
-
17 361
Employee
1 453
-
47 217
-
income
281
-
16 123
-
pensions
131
-
313
-
health
73
-
174
-
unemployment
15
-
35
-
total
500
-
16 645
-
Employer
1 453
-
47 217
-
unemployment
29
-
70
-
health
138
-
331
-
pensions
160
-
383
-
total
327
-
784
-
Corporate
46 220
48 000
-
-
income
10 168
10 560
-
-
total
10 168
10 560
-
-
Dividends
36 051
37 440
-
-
withholding
7 210
7 488
-
-
total
7 210
7 488
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 205
18 048
17 429
17 361
After tax
29 795
29 952
30 571
30 639
Living cost
954
954
954
954
Free-cash
28 841
28 998
29 617
29 685

Estimated living cost  is ₴954 per week

₴567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
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.
₴288
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16054
₴25768
₴16055
₴23233
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 923
income
-
-
-
8 638
pensions
-
-
-
9 901
unemployment
-
-
-
571
total
-
-
-
23 033
Employee

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

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

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

13 438
-
41 183
-
income
1 852
-
8 638
-
pensions
1 881
-
5 332
-
health
692
-
1 961
-
unemployment
101
-
286
-
total
4 526
-
16 217
-
Employer

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

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

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

13 438
-
41 183
-
unemployment
101
-
286
-
health
692
-
1 961
-
pensions
1 613
-
4 570
-
total
2 406
-
6 817
-
Corporate
32 156
48 000
-
-
income
4 823
7 200
-
-
total
4 823
7 200
-
-
Dividends
27 333
40 800
-
-
withholding
4 100
6 120
-
-
total
4 100
6 120
-
-
Income
48 000
48 000
48 000
48 000
Total tax
15 855
13 320
23 034
23 033
After tax
32 145
34 680
24 966
24 967
Living cost
8 912
8 912
8 912
8 912
Free-cash
23 233
25 768
16 054
16 055

Estimated living cost  is ₴8912 per week

₴6000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴689
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.
₴1964
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10771
₴13376
₴13055
₴13190
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
16 680
income
-
-
-
4 339
surtax
-
-
-
-
total
-
-
-
21 019
Employee
20 048
-
38 788
-
surtax
-
-
-
-
social contributions
2 206
-
4 267
-
income
3 917
-
9 824
-
total
6 123
-
14 091
-
Employer
20 048
-
38 788
-
social contributions
4 761
-
9 212
-
total
4 761
-
9 212
-
Corporate
23 191
48 000
-
-
surtax
-
-
-
-
income
4 870
10 080
-
-
total
4 870
10 080
-
-
Dividends
18 321
37 920
-
-
withholding
5 130
10 618
-
-
total
5 130
10 618
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 884
20 698
23 303
21 019
After tax
27 116
27 302
24 697
26 981
Living cost
13 926
13 926
13 926
13 926
Free-cash
13 190
13 376
10 771
13 055

Estimated living cost  is ₴13926 per week

₴9863
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.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7503
₴14195
₴7191
₴10257
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48
accident
-
-
-
431
income
-
-
-
8 292
pensions
-
-
-
13 549
unemployment
-
-
-
335
total
-
-
-
22 655
Employee
24 947
-
36 397
-
income
5 210
-
8 428
-
other
25
-
36
-
pensions
1 172
-
1 711
-
unemployment
386
-
565
-
total
6 793
-
10 740
-
Employer
24 947
-
36 397
-
other
200
-
291
-
unemployment
1 372
-
2 002
-
accident
494
-
720
-
pensions
5 887
-
8 590
-
total
7 953
-
11 603
-
Corporate
15 100
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.

2 265
7 200
-
-
total
2 265
7 200
-
-
Dividends
12 834
40 800
-
-
withholding
2 578
8 451
-
-
total
2 578
8 451
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 589
15 651
22 343
22 655
After tax
28 411
32 349
25 657
25 345
Living cost
18 154
18 154
18 154
18 154
Free-cash
10 257
14 195
7 503
7 191

Estimated living cost  is ₴18154 per week

₴13037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28719
₴32278
₴27288
₴29171
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
2 046
income
-
-
-
7 200
pensions

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

-
-
-
2 633
unemployment
-
-
-
71
total
-
-
-
11 950
Employee
11 603
-
44 509
-
income
1 160
-
4 451
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 019
-
1 562
-
health
534
-
818
-
total
2 841
-
7 027
-
Employer
11 603
-
44 509
-
unemployment
70
-
107
-
health
801
-
1 228
-
accident

We are using the highest rate at 1.1%.

128
-
196
-
pensions

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

1 279
-
1 961
-
total
2 278
-
3 492
-
Corporate
34 121
48 000
-
-
income
3 412
4 800
-
-
total
3 412
4 800
-
-
Dividends
30 709
43 200
-
-
withholding
1 536
2 160
-
-
total
1 536
2 160
-
-
Income
48 000
48 000
48 000
48 000
Total tax
10 067
6 960
10 519
11 950
After tax
37 933
41 040
37 481
36 050
Living cost
8 762
8 762
8 762
8 762
Free-cash
29 171
32 278
28 719
27 288

Estimated living cost  is ₴8762 per week

₴5795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴502
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.
₴2257
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14652
₴4831
₴11210
₴11589
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
3 529
income

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

-
-
-
9 362
surtax

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

-
-
-
515
trade
-
-
-
3 442
total
-
-
-
16 848
Employee

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

25 701
-
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.

117
-
515
-
income

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

2 113
-
9 362
-
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.

3 529
-
3 529
-
total
5 759
-
13 406
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
22 299
48 000
-
-
chamber of commerce
111
149
-
-
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.

184
396
-
-
trade
3 199
6 888
-
-
income
3 345
7 200
-
-
total
6 839
14 633
-
-
Dividends
15 460
33 367
-
-
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.

202
448
-
-
withholding
3 669
8 146
-
-
total
3 871
8 594
-
-
Income
48 000
48 000
48 000
48 000
Total tax
16 469
23 227
13 406
16 848
After tax
31 531
24 773
34 594
31 152
Living cost
19 942
19 942
19 942
19 942
Free-cash
11 589
4 831
14 652
11 210

Estimated living cost  is ₴19942 per week

₴13757
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2146
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.
₴3750
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3721
₴4176
₴3721
₴5316
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 662
social contributions
-
-
-
4 193
total
-
-
-
14 855
Employee
40 405
-
48 000
-
income
7 624
-
10 662
-
social contributions
3 357
-
4 193
-
total
10 981
-
14 855
-
Employer
40 405
-
48 000
-
total
-
-
-
-
Corporate
7 595
48 000
-
-
income
950
6 000
-
-
total
950
6 000
-
-
Dividends
6 645
42 000
-
-
withholding
1 329
8 400
-
-
total
1 329
8 400
-
-
Income
48 000
48 000
48 000
48 000
Total tax
13 260
14 400
14 855
14 855
After tax
34 740
33 600
33 145
33 145
Living cost
29 424
29 424
29 424
29 424
Free-cash
5 316
4 176
3 721
3 721

Estimated living cost  is ₴29424 per week

₴22386
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2398
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4360
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16444
₴9720
₴11367
₴12117
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 704
health

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

-
-
-
3 178
total
-
-
-
17 882
Employee
23 696
-
45 624
-
income
2 571
-
8 053
-
social contributions
2 374
-
2 376
-
total
4 945
-
10 429
-
Employer
23 696
-
45 624
-
social contributions
2 374
-
2 376
-
total
2 374
-
2 376
-
Corporate
21 930
48 000
-
-
income
7 675
16 800
-
-
total
7 675
16 800
-
-
Dividends
14 255
31 200
-
-
social contributions
2 138
2 729
-
-
total
2 138
2 729
-
-
Income
48 000
48 000
48 000
48 000
Total tax
17 132
19 529
12 805
17 882
After tax
30 868
28 471
35 195
30 118
Living cost
18 751
18 751
18 751
18 751
Free-cash
12 117
9 720
16 444
11 367

Estimated living cost  is ₴18751 per week

₴12351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1478
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.
₴4634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11070
₴16859
₴16114
₴13956
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 320
pensions
-
-
-
3 461
total
-
-
-
12 781
Employee
26 225
-
42 325
-
income
4 776
-
7 544
-
health
342
-
672
-
pensions
2 002
-
3 934
-
total
7 120
-
12 150
-
Employer
26 225
-
42 325
-
health
498
-
804
-
pensions
2 650
-
4 871
-
total
3 148
-
5 675
-
Corporate
18 627
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.

3 539
9 120
-
-
total
3 539
9 120
-
-
Dividends
15 088
38 880
-
-
withholding
1 132
2 916
-
-
total
1 132
2 916
-
-
Income
48 000
48 000
48 000
48 000
Total tax
14 939
12 036
17 825
12 781
After tax
33 061
35 964
30 175
35 219
Living cost
19 105
19 105
19 105
19 105
Free-cash
13 956
16 859
11 070
16 114

Estimated living cost  is ₴19105 per week

₴13106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1757
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.
₴4002
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12128
-₴8520
₴20562
₴1984
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
193
health
-
-
-
1 136
accident
-
-
-
132
income
-
-
-
11 402
pensions
-
-
-
2 167
total
-
-
-
15 030
Employee
19 519
-
40 589
-
income
2 678
-
7 432
-
pensions
2 198
-
3 974
-
health
2 235
-
4 647
-
total
7 111
-
16 053
-
Employer
19 519
-
40 589
-
unemployment
478
-
994
-
accident
326
-
678
-
pensions
3 174
-
5 739
-
total
3 978
-
7 411
-
Corporate
24 503
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.

22 053
43 200
-
-
total
22 053
43 200
-
-
Dividends
2 450
4 800
-
-
withholding
466
912
-
-
total
466
912
-
-
Income
48 000
48 000
48 000
48 000
Total tax
33 608
44 112
23 464
15 030
After tax
14 392
3 888
24 536
32 970
Living cost
12 408
12 408
12 408
12 408
Free-cash
1 984
-8 520
12 128
20 562

Estimated living cost  is ₴12408 per week

₴9106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴723
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2329
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22454
₴33437
₴20577
₴31340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 268
health insurance
-
-
-
3 552
work injury
-
-
-
240
pensions
-
-
-
8 832
unemployment
-
-
-
576
total
-
-
-
20 468
Employee

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

11 128
-
48 000
-
income
1 113
-
7 268
-
work injury
56
-
206
-
health insurance
823
-
3 047
-
pensions
2 048
-
7 576
-
unemployment
134
-
494
-
total
4 174
-
18 591
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 872
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
36 872
47 520
-
-
withholding
5 531
7 128
-
-
total
5 531
7 128
-
-
Income
48 000
48 000
48 000
48 000
Total tax
9 705
7 608
18 591
20 468
After tax
38 295
40 392
29 409
27 532
Living cost
6 955
6 955
6 955
6 955
Free-cash
31 340
33 437
22 454
20 577

Estimated living cost  is ₴6955 per week

₴4309
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1924
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴1694
₴4705
₴3888
₴2355
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 346
national
-
-
-
9 942
regional
-
-
-
925
municipal
-
-
-
321
total
-
-
-
23 534
Employee
43 527
-
48 000
-
social contributions
14 677
-
16 186
-
municipal
260
-
286
-
national
7 356
-
8 482
-
regional
657
-
774
-
total
22 950
-
25 728
-
Employer
43 527
-
48 000
-
total
-
-
-
-
Corporate
4 473
48 000
-
-
nationa
1 073
11 520
-
-
municipal
216
2 313
-
-
total
1 289
13 833
-
-
Dividends
3 184
34 167
-
-
withholding
828
8 884
-
-
total
828
8 884
-
-
Income
48 000
48 000
48 000
48 000
Total tax
25 067
22 717
25 728
23 534
After tax
22 933
25 283
22 272
24 466
Living cost
20 578
20 578
20 578
20 578
Free-cash
2 355
4 705
1 694
3 888

Estimated living cost  is ₴20578 per week

₴14455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4396
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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