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
₴16057
₴20477
₴16009
₴11265
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 420
health

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

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

-
-
-
2 930
income

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

-
-
-
10 999
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.

-
-
-
605
total
-
-
-
18 954
Employee

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

16 401
-
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.

25
-
605
-
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.

458
-
10 999
-
health

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

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

2 930
-
2 930
-
total
3 413
-
14 534
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 599
48 000
-
-
trade
4 977
7 560
-
-
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.

260
396
-
-
income
4 740
7 200
-
-
chamber of commerce
111
134
-
-
total
10 088
15 290
-
-
Dividends
21 510
32 709
-
-
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.

286
441
-
-
withholding
5 215
8 015
-
-
total
5 501
8 456
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 002
23 746
14 534
18 954
After tax
28 998
24 254
33 466
29 046
Living cost
12 989
12 989
12 989
12 989
Free-cash
16 009
11 265
20 477
16 057

Estimated living cost  is ₴12989 per week

₴8170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3061
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7175
₴7551
₴7958
₴8319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
social contributions
-
-
-
516
municipal
-
-
-
5 066
national
-
-
-
7 850
pensions
-
-
-
5 760
total
-
-
-
19 192
Employee
33 535
-
41 496
-
pensions
1 341
-
1 660
-
national
6 419
-
8 138
-
municipal
4 142
-
5 252
-
total
11 902
-
15 050
-
Employer
33 535
-
41 496
-
pensions
2 683
-
3 320
-
social contributions
361
-
446
-
total
3 044
-
3 766
-
Corporate
9 208
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%.

1 842
9 600
-
-
total
1 842
9 600
-
-
Dividends
7 367
38 400
-
-
withholding
1 621
8 448
-
-
total
1 621
8 448
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 409
18 048
18 816
19 192
After tax
29 591
29 952
29 184
28 808
Living cost
21 633
21 633
21 633
21 633
Free-cash
7 958
8 319
7 551
7 175

Estimated living cost  is ₴21633 per week

₴14704
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16645
₴18077
₴25960
₴29479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 002
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
22 434
Employee
12 530
-
38 682
-
income
2 231
-
7 429
-
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.

1 379
-
4 255
-
surtax
-
-
-
-
total
3 610
-
11 684
-
Employer
12 530
-
38 682
-
social contributions

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

3 018
-
9 318
-
surtax
-
-
-
-
total
3 018
-
9 318
-
Corporate
32 451
48 000
-
-
income

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

6 491
9 600
-
-
total
6 491
9 600
-
-
Dividends

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

25 961
38 400
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
13 119
9 600
21 002
22 434
After tax
34 881
38 400
26 998
25 566
Living cost
8 921
8 921
8 921
8 921
Free-cash
25 960
29 479
18 077
16 645

Estimated living cost  is ₴8921 per week

₴5691
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9394
₴6844
₴2764
₴5390
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 288
income
-
-
-
10 330
pensions
-
-
-
5 024
total
-
-
-
20 642
Employee
36 619
36 619
40 847
-
income

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

5 994
5 994
5 994
-
pensions
6 591
5 024
5 024
-
health
5 621
4 781
5 022
-
total
18 206
15 799
16 040
-
Employer
36 619
36 619
40 847
-
pensions
2 549
2 549
2 843
-
health
2 545
2 545
2 839
-
unemployment
1 318
1 318
1 470
-
total
6 412
6 412
7 152
-
Corporate
5 417
4 968
-
-
income
1 083
994
-
-
total
1 083
994
-
-
Dividends
4 334
3 975
-
-
withholding
650
596
-
-
income
921
845
-
-
total
1 571
1 441
-
-
Income
48 000
48 000
48 000
48 000
Total tax
27 272
24 646
23 192
20 642
After tax
20 728
23 354
24 808
27 358
Living cost
17 964
17 964
17 964
17 964
Free-cash
2 764
5 390
6 844
9 394

Estimated living cost  is ₴17964 per week

₴12731
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9168
₴8723
₴9349
₴9719
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 199
unemployment
-
-
-
36
accident
-
-
-
72
municipal
-
-
-
11 192
health
-
-
-
2 255
national
-
-
-
682
pensions
-
-
-
3 907
total
-
-
-
22 343
Employee
23 495
-
36 645
-
national
-
-
505
-
municipal
7 006
-
10 928
-
total
7 006
-
11 433
-
Employer
23 495
-
36 645
-
pensions
2 540
-
3 907
-
other
2 730
-
4 199
-
accident
47
-
72
-
health
1 445
-
2 223
-
unemployment
620
-
954
-
total
7 382
-
11 355
-
Corporate
17 122
48 000
-
-
income
3 767
10 560
-
-
total
3 767
10 560
-
-
Dividends
13 355
37 440
-
-
withholding
4 007
11 232
-
-
total
4 007
11 232
-
-
Income
48 000
48 000
48 000
48 000
Total tax
22 162
21 792
22 788
22 343
After tax
25 838
26 208
25 212
25 657
Living cost
16 489
16 489
16 489
16 489
Free-cash
9 349
9 719
8 723
9 168

Estimated living cost  is ₴16489 per week

₴10928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
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.
₴3692
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12004
₴16620
₴13186
₴7162
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 616
health

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

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

-
-
-
2 930
income

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

-
-
-
10 999
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.

-
-
-
605
total
-
-
-
19 150
Employee

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

21 746
-
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.

103
-
605
-
income

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

1 868
-
10 999
-
health

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

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

2 930
-
2 930
-
total
4 901
-
14 534
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 254
48 000
-
-
trade
4 319
7 896
-
-
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.

216
396
-
-
income
3 938
7 200
-
-
chamber of commerce
103
133
-
-
total
8 576
15 625
-
-
Dividends
17 678
32 374
-
-
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.

234
436
-
-
withholding
4 257
7 931
-
-
total
4 491
8 367
-
-
Income
48 000
48 000
48 000
48 000
Total tax
17 968
23 992
14 534
19 150
After tax
30 032
24 008
33 466
28 850
Living cost
16 846
16 846
16 846
16 846
Free-cash
13 186
7 162
16 620
12 004

Estimated living cost  is ₴16846 per week

₴11267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1776
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.
₴3551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19828
₴19396
₴19419
₴21197
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 938
health
-
-
-
1 224
income
-
-
-
6 101
total
-
-
-
14 263
Employee
32 974
32 974
43 576
-
income
3 463
3 052
5 914
-
social contributions
1 602
2 737
3 617
-
health
328
561
741
-
total
5 393
6 350
10 272
-
Employer
32 974
32 974
43 576
-
health
357
610
806
-
social contributions
1 602
2 737
3 617
-
total
1 959
3 347
4 423
-
Corporate
26 739
11 679
-
-
income
3 342
1 460
-
-
total
3 342
1 460
-
-
Dividends
23 397
10 219
-
-
withholding
3 978
1 737
-
-
total
3 978
1 737
-
-
Income
48 000
48 000
48 000
48 000
Total tax
14 672
12 894
14 695
14 263
After tax
33 328
35 106
33 305
33 737
Living cost
13 909
13 909
13 909
13 909
Free-cash
19 419
21 197
19 396
19 828

Estimated living cost  is ₴13909 per week

₴9508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1086
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25431
₴20004
₴19365
₴19201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
720
health
-
-
-
3 360
income
-
-
-
5 868
pensions
-
-
-
4 800
total
-
-
-
14 748
Employee

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

The minimum wage is 138,000 HUF per month.

11 289
4 493
40 167
-
income
1 380
549
4 910
-
pensions
1 129
449
4 017
-
unemployment
169
67
603
-
health
790
315
2 812
-
total
3 468
1 380
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.

11 289
4 493
40 167
-
pensions
2 201
876
7 833
-
total
2 201
876
7 833
-
Corporate
34 509
42 631
-
-
income
3 106
3 837
-
-
total
3 106
3 837
-
-
Dividends
31 404
38 794
-
-
social contributions
6 072
7 514
-
-
withholding
5 967
7 371
-
-
total
12 039
14 885
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 814
20 978
20 175
14 748
After tax
27 186
27 022
27 825
33 252
Living cost
7 821
7 821
7 821
7 821
Free-cash
19 365
19 201
20 004
25 431

Estimated living cost  is ₴7821 per week

₴5337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1688
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴15370
₴17309
₴25378
₴28042
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
12 165
-
35 874
-
income
1 370
-
6 916
-
pensions
243
-
718
-
unemployment
194
-
574
-
total
1 807
-
8 208
-
Employer
12 165
-
35 874
-
pensions
2 433
-
7 174
-
health
1 581
-
4 664
-
unemployment
98
-
287
-
total
4 112
-
12 125
-
Corporate
31 723
48 000
-
-
income
6 345
9 600
-
-
total
6 345
9 600
-
-
Dividends
25 378
38 400
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
12 264
9 600
20 333
22 272
After tax
35 736
38 400
27 667
25 728
Living cost
10 358
10 358
10 358
10 358
Free-cash
25 378
28 042
17 309
15 370

Estimated living cost  is ₴10358 per week

₴7104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23513
₴15718
₴2446
-₴5510
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
12 114
pensions
-
-
-
1 777
total
-
-
-
15 089
Employee
14 784
-
41 580
-
income
2 028
-
8 445
-
pensions
1 665
-
3 259
-
health
1 693
-
4 761
-
total
5 386
-
16 465
-
Employer
14 784
-
41 580
-
pensions
2 404
-
4 706
-
accident
247
-
694
-
unemployment
362
-
1 019
-
total
3 013
-
6 419
-
Corporate
30 203
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.

27 183
43 200
-
-
total
27 183
43 200
-
-
Dividends
3 020
4 800
-
-
withholding
574
912
-
-
total
574
912
-
-
Income
48 000
48 000
48 000
48 000
Total tax
36 156
44 112
22 884
15 089
After tax
11 844
3 888
25 116
32 911
Living cost
9 398
9 398
9 398
9 398
Free-cash
2 446
-5 510
15 718
23 513

Estimated living cost  is ₴9398 per week

₴6888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43656
₴34536
₴41011
₴41736
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
48 000
microenterprise

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

-
-
-
480
total
-
-
-
480
Employee
4 830
-
48 000
-
income
966
-
9 600
-
total
966
-
9 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

43 170
48 000
-
-
total
-
-
-
-
Dividends
43 170
48 000
-
-
withholding
2 159
2 400
-
-
total
2 159
2 400
-
-
Income
48 000
48 000
48 000
48 000
Total tax
3 125
2 400
9 600
480
After tax
44 875
45 600
38 400
47 520
Living cost
3 864
3 864
3 864
3 864
Free-cash
41 011
41 736
34 536
43 656

Estimated living cost  is ₴3864 per week

₴2395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴14455
₴16441
₴20944
₴23840
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 207
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
-
-
-
22 119
Employee
15 570
-
38 338
-
income
2 681
-
6 869
-
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.

1 090
-
2 683
-
unemployment
155
-
383
-
health
218
-
537
-
total
4 144
-
10 472
-
Employer
15 570
-
38 338
-
pensions

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

2 647
-
6 517
-
other
779
-
1 917
-
accident
125
-
307
-
health
218
-
537
-
unemployment
155
-
383
-
total
3 924
-
9 661
-
Corporate
28 506
48 000
-
-
income
5 986
10 080
-
-
total
5 986
10 080
-
-
Dividends
22 520
37 920
-
-
withholding
1 576
2 654
-
-
total
1 576
2 654
-
-
Income
48 000
48 000
48 000
48 000
Total tax
15 630
12 734
20 133
22 119
After tax
32 370
35 266
27 867
25 881
Living cost
11 426
11 426
11 426
11 426
Free-cash
20 944
23 840
16 441
14 455

Estimated living cost  is ₴11426 per week

₴8073
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2397
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5087
₴712
₴1198
₴5592
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 749
pensions
-
-
-
3 321
total
-
-
-
14 070
Employee
40 808
-
42 189
-
income
7 356
-
7 831
-
pensions
3 937
-
4 102
-
health
672
-
701
-
total
11 965
-
12 634
-
Employer
40 808
-
42 189
-
pensions
4 818
-
5 009
-
health
775
-
802
-
total
5 593
-
5 811
-
Corporate
1 599
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.

304
9 120
-
-
total
304
9 120
-
-
Dividends
1 295
38 880
-
-
withholding
97
4 445
-
-
total
97
4 445
-
-
Income
48 000
48 000
48 000
48 000
Total tax
17 959
13 565
18 445
14 070
After tax
30 041
34 435
29 555
33 930
Living cost
28 843
28 843
28 843
28 843
Free-cash
1 198
5 592
712
5 087

Estimated living cost  is ₴28843 per week

₴21612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴31181
₴32766
₴33427
₴35419
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
60
health
-
-
-
1 722
income
-
-
-
7 200
pensions

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

-
-
-
2 216
total
-
-
-
11 198
Employee
7 443
-
45 062
-
income
744
-
4 506
-
pensions

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

654
-
1 315
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
total
1 822
-
6 675
-
Employer
7 443
-
45 062
-
pensions

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

820
-
1 650
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
health
514
-
1 033
-
unemployment
45
-
90
-
total
1 461
-
2 938
-
Corporate
39 096
48 000
-
-
income
3 910
4 800
-
-
total
3 910
4 800
-
-
Dividends
35 186
43 200
-
-
withholding
1 759
2 160
-
-
total
1 759
2 160
-
-
Income
48 000
48 000
48 000
48 000
Total tax
8 952
6 960
9 613
11 198
After tax
39 048
41 040
38 387
36 802
Living cost
5 621
5 621
5 621
5 621
Free-cash
33 427
35 419
32 766
31 181

Estimated living cost  is ₴5621 per week

₴3282
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴3579
₴1029
₴654
-₴425
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 288
income
-
-
-
10 330
pensions
-
-
-
5 024
total
-
-
-
20 642
Employee
39 757
36 619
40 847
-
income

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

5 994
5 994
5 994
-
pensions
5 024
5 024
5 024
-
health
4 960
4 781
5 022
-
total
15 978
15 799
16 040
-
Employer
39 757
36 619
40 847
-
pensions
2 767
2 549
2 843
-
health
2 763
2 545
2 839
-
unemployment
1 431
1 318
1 470
-
total
6 961
6 412
7 152
-
Corporate
1 282
4 968
-
-
income
256
994
-
-
total
256
994
-
-
Dividends
1 026
3 975
-
-
withholding
154
596
-
-
income
218
845
-
-
total
372
1 441
-
-
Income
48 000
48 000
48 000
48 000
Total tax
23 567
24 646
23 192
20 642
After tax
24 433
23 354
24 808
27 358
Living cost
23 779
23 779
23 779
23 779
Free-cash
654
-425
1 029
3 579

Estimated living cost  is ₴23779 per week

₴17541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13080
₴14060
₴19078
₴22750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
15 144
-
35 821
-
income
1 817
-
4 299
-
solidarity contribution
-
-
-
-
social contributions
984
-
2 328
-
health
2 044
-
4 836
-
total
4 845
-
11 463
-
Employer
15 144
-
35 821
-
health
1 363
-
3 224
-
social contributions
3 786
-
8 955
-
total
5 149
-
12 179
-
Corporate
27 707
48 000
-
-
income
5 264
9 120
-
-
total
5 264
9 120
-
-
Dividends
22 443
38 880
-
-
withholding
3 366
5 832
-
-
total
3 366
5 832
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 624
14 952
23 642
24 622
After tax
29 376
33 048
24 358
23 378
Living cost
10 298
10 298
10 298
10 298
Free-cash
19 078
22 750
14 060
13 080

Estimated living cost  is ₴10298 per week

₴7153
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴733
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6180
₴3896
₴5274
₴7514
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
286
national
-
-
-
10 554
regional
-
-
-
539
total
-
-
-
23 725
Employee
38 111
-
48 000
-
national
6 604
-
9 095
-
social contributions
12 851
-
16 186
-
municipal
202
-
255
-
regional
360
-
473
-
total
20 017
-
26 009
-
Employer
38 111
-
48 000
-
total
-
-
-
-
Corporate
9 889
48 000
-
-
nationa
2 374
11 520
-
-
municipal
386
1 872
-
-
total
2 760
13 392
-
-
Dividends
7 130
34 609
-
-
withholding
1 854
8 999
-
-
total
1 854
8 999
-
-
Income
48 000
48 000
48 000
48 000
Total tax
24 631
22 391
26 009
23 725
After tax
23 369
25 609
21 991
24 275
Living cost
18 095
18 095
18 095
18 095
Free-cash
5 274
7 514
3 896
6 180

Estimated living cost  is ₴18095 per week

₴12613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1186
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4017
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14495
₴13710
₴19395
₴20729
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 408
income
-
-
-
9 681
surtax
-
-
-
1 255
pensions
-
-
-
9 600
total
-
-
-
24 042
Employee
14 181
-
39 653
-
income
2 377
-
8 935
-
pensions
946
-
2 645
-
unemployment
987
-
2 759
-
health
362
-
1 012
-
other
-
-
-
-
surtax
46
-
1 130
-
total
4 718
-
16 481
-
Employer
14 181
-
39 653
-
pensions
1 890
-
5 285
-
other
-
-
-
-
health
645
-
1 804
-
unemployment
449
-
1 257
-
total
2 984
-
8 346
-
Corporate
30 834
48 000
-
-
income
8 017
12 480
-
-
total
8 017
12 480
-
-
Dividends
22 817
35 520
-
-
withholding
3 423
5 328
-
-
total
3 423
5 328
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 142
17 808
24 827
24 042
After tax
28 858
30 192
23 173
23 958
Living cost
9 463
9 463
9 463
9 463
Free-cash
19 395
20 729
13 710
14 495

Estimated living cost  is ₴9463 per week

₴5786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2585
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14225
₴9850
₴12865
₴14730
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 749
pensions
-
-
-
3 321
total
-
-
-
14 070
Employee
27 348
-
42 189
-
income
4 926
-
7 831
-
pensions
2 321
-
4 102
-
health
397
-
701
-
total
7 644
-
12 634
-
Employer
27 348
-
42 189
-
pensions
2 960
-
5 009
-
health
520
-
802
-
total
3 480
-
5 811
-
Corporate
17 172
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.

3 263
9 120
-
-
total
3 263
9 120
-
-
Dividends
13 909
38 880
-
-
withholding
1 043
4 445
-
-
total
1 043
4 445
-
-
Income
48 000
48 000
48 000
48 000
Total tax
15 430
13 565
18 445
14 070
After tax
32 570
34 435
29 555
33 930
Living cost
19 705
19 705
19 705
19 705
Free-cash
12 865
14 730
9 850
14 225

Estimated living cost  is ₴19705 per week

₴14763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴7402
₴5023
₴3402
-₴10465
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
city
-
-
-
506
national
-
-
-
394
regional
-
-
-
1 800
pensions
-
-
-
4 416
total
-
-
-
8 184
Employee
37 933
-
42 963
-
pensions
3 187
-
3 608
-
national
180
-
295
-
unemployment
-
-
-
-
city
407
-
461
-
health
86
-
97
-
regional
1 242
-
1 538
-
total
5 102
-
5 999
-
Employer
37 933
-
42 963
-
pensions
3 187
-
3 608
-
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.

758
-
859
-
health
86
-
97
-
unemployment
-
-
-
-
total
4 031
-
4 564
-
Corporate
5 619
48 000
-
-
regional
1 189
10 152
-
-
national
478
4 080
-
-
total
1 667
14 232
-
-
Dividends
3 952
33 768
-
-
withholding
1 384
11 819
-
-
total
1 384
11 819
-
-
Income
48 000
48 000
48 000
48 000
Total tax
12 184
26 051
10 563
8 184
After tax
35 816
21 949
37 437
39 816
Living cost
32 414
32 414
32 414
32 414
Free-cash
3 402
-10 465
5 023
7 402

Estimated living cost  is ₴32414 per week

₴21078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8029
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴9009
₴13822
₴11072
₴4117
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 813
health

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

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

-
-
-
2 930
income

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

-
-
-
10 999
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.

-
-
-
605
total
-
-
-
19 347
Employee

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

25 771
-
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.

167
-
605
-
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.

3 030
-
10 999
-
health

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

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

2 930
-
2 930
-
total
6 127
-
14 534
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
22 229
48 000
-
-
trade
3 812
8 232
-
-
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.

183
396
-
-
income
3 334
7 200
-
-
chamber of commerce
96
133
-
-
total
7 425
15 961
-
-
Dividends
14 803
32 039
-
-
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.

194
431
-
-
withholding
3 538
7 847
-
-
total
3 732
8 278
-
-
Income
48 000
48 000
48 000
48 000
Total tax
17 284
24 239
14 534
19 347
After tax
30 716
23 761
33 466
28 653
Living cost
19 644
19 644
19 644
19 644
Free-cash
11 072
4 117
13 822
9 009

Estimated living cost  is ₴19644 per week

₴14347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1571
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.
₴3471
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12824
₴14752
₴12055
₴9521
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 488
social contributions
-
-
-
1 368
health
-
-
-
1 170
income
-
-
-
5 295
surtax
-
-
-
-
pensions
-
-
-
11 184
total
-
-
-
20 505
Employee
18 353
-
38 653
-
income
1 083
-
6 101
-
pensions
2 075
-
2 029
-
social contributions
523
-
1 101
-
surtax
-
-
-
-
total
3 681
-
9 231
-
Employer
18 353
-
38 653
-
pensions
3 015
-
3 533
-
other
633
-
1 334
-
health
1 285
-
2 797
-
unemployment
743
-
1 566
-
social contributions
55
-
116
-
total
5 731
-
9 346
-
Corporate
23 916
48 000
-
-
surtax
-
-
-
-
income
6 696
13 440
-
-
total
6 696
13 440
-
-
Dividends
17 219
34 560
-
-
surtax
-
-
-
-
social contributions
2 962
5 944
-
-
withholding
2 204
4 424
-
-
total
5 166
10 368
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 274
23 808
18 577
20 505
After tax
26 726
24 192
29 423
27 495
Living cost
14 671
14 671
14 671
14 671
Free-cash
12 055
9 521
14 752
12 824

Estimated living cost  is ₴14671 per week

₴9251
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1193
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.
₴3978
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14277
₴16205
₴13355
₴10974
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 488
social contributions
-
-
-
1 368
health
-
-
-
1 170
income
-
-
-
5 295
surtax
-
-
-
-
pensions
-
-
-
11 184
total
-
-
-
20 505
Employee
16 382
-
38 653
-
income
845
-
6 101
-
pensions
1 853
-
2 029
-
social contributions
467
-
1 101
-
surtax
-
-
-
-
total
3 165
-
9 231
-
Employer
16 382
-
38 653
-
pensions
2 692
-
3 533
-
other
566
-
1 334
-
health
1 147
-
2 797
-
unemployment
663
-
1 566
-
social contributions
49
-
116
-
total
5 117
-
9 346
-
Corporate
26 501
48 000
-
-
surtax
-
-
-
-
income
7 421
13 440
-
-
total
7 421
13 440
-
-
Dividends
19 081
34 560
-
-
surtax
-
-
-
-
social contributions
3 282
5 944
-
-
withholding
2 442
4 424
-
-
total
5 724
10 368
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 427
23 808
18 577
20 505
After tax
26 573
24 192
29 423
27 495
Living cost
13 218
13 218
13 218
13 218
Free-cash
13 355
10 974
16 205
14 277

Estimated living cost  is ₴13218 per week

₴7666
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
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.
₴3959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21733
₴21552
₴20413
₴20191
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 539
-
48 000
-
income
2 425
-
7 381
-
social contributions
2 007
-
6 624
-
health
1 015
-
3 350
-
total
5 447
-
17 355
-
Employer
14 539
-
48 000
-
total
-
-
-
-
Corporate
33 461
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%.

1 673
2 400
-
-
total
1 673
2 400
-
-
Dividends
31 787
45 600
-
-
social contributions
4 387
6 293
-
-
health
2 219
3 183
-
-
withholding
4 768
6 840
-
-
total
11 374
16 316
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 494
18 716
17 355
17 174
After tax
29 506
29 284
30 645
30 826
Living cost
9 093
9 093
9 093
9 093
Free-cash
20 413
20 191
21 552
21 733

Estimated living cost  is ₴9093 per week

₴6085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴561
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2237
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8774
-₴1205
₴11047
₴11709
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
192
unemployment
-
-
-
2 630
health
-
-
-
3 672
income
-
-
-
8 657
surtax
-
-
-
85
pensions
-
-
-
8 880
total
-
-
-
24 116
Employee
21 430
17 089
37 207
-
income
2 440
1 261
7 671
-
pensions
2 195
1 750
3 810
-
unemployment
643
513
1 116
-
health
829
662
1 440
-
other
214
171
372
-
total
6 321
4 357
14 409
-
Employer
21 430
17 089
37 207
-
pensions
2 689
2 145
4 669
-
other
1 018
811
1 767
-
accident
278
222
483
-
health
810
646
1 406
-
payroll
643
513
1 116
-
chamber of commerce
85
68
149
-
unemployment
643
513
1 116
-
surtax
85
85
85
-
total
6 251
5 003
10 791
-
Corporate
20 318
25 908
35 580
-
income

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

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

5 080
6 477
8 895
-
total
5 080
6 477
8 895
-
Dividends
15 239
19 431
-
-
withholding
4 191
5 344
-
-
total
4 191
5 344
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 843
21 181
34 095
24 116
After tax
26 157
26 819
13 905
23 884
Living cost
15 110
15 110
15 110
15 110
Free-cash
11 047
11 709
-1 205
8 774

Estimated living cost  is ₴15110 per week

₴10078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1289
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3495
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6296
₴2771
₴4835
₴11267
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 738
communal

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

-
-
-
2 416
national
-
-
-
15 915
total
-
-
-
26 069
Employee

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

30 674
-
37 178
-
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.

2 301
-
2 788
-
national
9 430
-
11 975
-
unemployment

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

267
-
323
-
communal

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

1 600
-
1 939
-
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.

1 441
-
1 747
-
total
15 039
-
18 772
-
Employer

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

30 674
-
37 178
-
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.

2 718
-
3 294
-
accident

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

399
-
483
-
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.

1 886
-
2 287
-
unemployment

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

448
-
543
-
surtax
3 478
-
4 215
-
total
8 929
-
10 822
-
Corporate
8 398
48 000
-
-
surtax
33
192
-
-
income
1 680
9 600
-
-
total
1 713
9 792
-
-
Dividends
6 685
38 208
-
-
withholding

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

1 849
11 306
-
-
total
1 849
11 306
-
-
Income
48 000
48 000
48 000
48 000
Total tax
27 530
21 098
29 594
26 069
After tax
20 470
26 902
18 406
21 931
Living cost
15 635
15 635
15 635
15 635
Free-cash
4 835
11 267
2 771
6 296

Estimated living cost  is ₴15635 per week

₴10071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1367
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10740
₴9485
₴13429
₴16841
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
9 850
pensions
-
-
-
11 248
total
-
-
-
21 774
Employee
21 346
-
36 397
-
income
4 504
-
9 114
-
pensions
1 003
-
1 711
-
unemployment
331
-
564
-
other
21
-
37
-
total
5 859
-
11 426
-
Employer
21 346
-
36 397
-
pensions
5 037
-
8 589
-
other
170
-
291
-
accident
422
-
721
-
unemployment
1 174
-
2 002
-
total
6 803
-
11 603
-
Corporate
19 851
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.

2 978
7 200
-
-
total
2 978
7 200
-
-
Dividends
16 873
40 800
-
-
withholding
3 445
8 473
-
-
total
3 445
8 473
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 085
15 673
23 029
21 774
After tax
28 915
32 327
24 971
26 226
Living cost
15 486
15 486
15 486
15 486
Free-cash
13 429
16 841
9 485
10 740

Estimated living cost  is ₴15486 per week

₴11404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1099
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴3440
₴5423
₴2719
₴5888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
accident
-
-
-
404
health
-
-
-
3 372
income
-
-
-
4 873
communal
-
-
-
3 034
surtax
-
-
-
2 379
pensions
-
-
-
7 194
total
-
-
-
21 256
Employee
32 474
-
42 877
-
income
3 137
-
6 183
-
pensions
2 598
-
3 430
-
health
1 445
-
1 908
-
surtax
1 990
-
2 628
-
total
9 170
-
14 149
-
Employer
32 474
-
42 877
-
pensions
2 598
-
3 430
-
accident
292
-
386
-
health
990
-
1 308
-
total
3 880
-
5 124
-
Corporate
11 646
48 000
-
-
communal
-
3 240
-
-
surtax
122
504
-
-
income
1 747
7 200
-
-
total
1 869
10 944
-
-
Dividends
9 777
37 056
-
-
withholding
1 466
5 558
-
-
income
5 592
2 306
-
-
total
7 058
7 864
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 977
18 808
19 273
21 256
After tax
26 023
29 192
28 727
26 744
Living cost
23 304
23 304
23 304
23 304
Free-cash
2 719
5 888
5 423
3 440

Estimated living cost  is ₴23304 per week

₴17481
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.
₴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.
₴4163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14326
₴13541
₴19196
₴20560
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 408
income
-
-
-
9 681
surtax
-
-
-
1 255
pensions
-
-
-
9 600
total
-
-
-
24 042
Employee
14 441
-
39 653
-
income
2 421
-
8 935
-
pensions
963
-
2 645
-
unemployment
1 005
-
2 759
-
health
369
-
1 012
-
other
-
-
-
-
surtax
51
-
1 130
-
total
4 809
-
16 481
-
Employer
14 441
-
39 653
-
pensions
1 925
-
5 285
-
other
-
-
-
-
health
657
-
1 804
-
unemployment
458
-
1 257
-
total
3 040
-
8 346
-
Corporate
30 519
48 000
-
-
income
7 935
12 480
-
-
total
7 935
12 480
-
-
Dividends
22 584
35 520
-
-
withholding
3 388
5 328
-
-
total
3 388
5 328
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 172
17 808
24 827
24 042
After tax
28 828
30 192
23 173
23 958
Living cost
9 632
9 632
9 632
9 632
Free-cash
19 196
20 560
13 541
14 326

Estimated living cost  is ₴9632 per week

₴5815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12539
₴10267
₴12726
₴13679
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
286
national
-
-
-
10 554
regional
-
-
-
724
total
-
-
-
23 910
Employee
23 787
-
48 000
-
national
3 769
-
9 095
-
social contributions
8 021
-
16 186
-
municipal
126
-
255
-
regional
320
-
646
-
total
12 236
-
26 182
-
Employer
23 787
-
48 000
-
total
-
-
-
-
Corporate
24 213
48 000
-
-
nationa
5 811
11 520
-
-
municipal
1 204
2 386
-
-
total
7 015
13 906
-
-
Dividends
17 198
34 094
-
-
withholding
4 472
8 864
-
-
total
4 472
8 864
-
-
Income
48 000
48 000
48 000
48 000
Total tax
23 723
22 770
26 182
23 910
After tax
24 277
25 230
21 818
24 090
Living cost
11 551
11 551
11 551
11 551
Free-cash
12 726
13 679
10 267
12 539

Estimated living cost  is ₴11551 per week

₴7184
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.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10688
₴11668
₴15832
₴20358
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
18 661
-
35 821
-
income
2 239
-
4 299
-
solidarity contribution
-
-
-
-
social contributions
1 213
-
2 328
-
health
2 519
-
4 836
-
total
5 971
-
11 463
-
Employer
18 661
-
35 821
-
health
1 679
-
3 224
-
social contributions
4 665
-
8 955
-
total
6 344
-
12 179
-
Corporate
22 994
48 000
-
-
income
4 369
9 120
-
-
total
4 369
9 120
-
-
Dividends
18 625
38 880
-
-
withholding
2 794
5 832
-
-
total
2 794
5 832
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 478
14 952
23 642
24 622
After tax
28 522
33 048
24 358
23 378
Living cost
12 690
12 690
12 690
12 690
Free-cash
15 832
20 358
11 668
10 688

Estimated living cost  is ₴12690 per week

₴9437
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2330
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10288
₴237
₴12974
₴13185
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
192
unemployment
-
-
-
2 630
health
-
-
-
3 672
income
-
-
-
8 657
surtax
-
-
-
-
pensions
-
-
-
8 880
total
-
-
-
24 031
Employee
18 745
17 089
37 274
-
income
1 670
1 261
7 693
-
pensions
1 920
1 750
3 817
-
unemployment
562
513
1 118
-
health
725
662
1 443
-
other
187
171
373
-
total
5 064
4 357
14 444
-
Employer
18 745
17 089
37 274
-
pensions
2 353
2 145
4 678
-
other
890
811
1 770
-
accident
243
222
484
-
health
709
646
1 409
-
payroll
562
513
1 118
-
chamber of commerce
75
68
149
-
unemployment
562
513
1 118
-
surtax
-
-
-
-
total
5 394
4 918
10 726
-
Corporate
23 861
25 993
35 647
-
income

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

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

5 965
6 498
8 912
-
total
5 965
6 498
8 912
-
Dividends
17 896
19 495
-
-
withholding
4 922
5 361
-
-
total
4 922
5 361
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 345
21 134
34 082
24 031
After tax
26 655
26 866
13 918
23 969
Living cost
13 681
13 681
13 681
13 681
Free-cash
12 974
13 185
237
10 288

Estimated living cost  is ₴13681 per week

₴8207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
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.
₴3833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41498
₴32378
₴38448
₴39578
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
48 000
microenterprise

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

-
-
-
480
total
-
-
-
480
Employee
7 527
-
48 000
-
income
1 506
-
9 600
-
total
1 506
-
9 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

40 473
48 000
-
-
total
-
-
-
-
Dividends
40 473
48 000
-
-
withholding
2 024
2 400
-
-
total
2 024
2 400
-
-
Income
48 000
48 000
48 000
48 000
Total tax
3 530
2 400
9 600
480
After tax
44 470
45 600
38 400
47 520
Living cost
6 022
6 022
6 022
6 022
Free-cash
38 448
39 578
32 378
41 498

Estimated living cost  is ₴6022 per week

₴4075
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴13108
₴11732
₴17959
₴21546
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
72
health
-
-
-
4 723
income
-
-
-
9 829
pensions
-
-
-
8 766
total
-
-
-
23 390
Employee

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

18 962
-
41 533
-
income
3 270
-
9 120
-
pensions
2 939
-
6 438
-
unemployment
27
-
58
-
health
1 225
-
2 683
-
total
7 461
-
18 299
-
Employer

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

18 962
-
41 533
-
pensions
1 678
-
3 676
-
health
1 263
-
2 766
-
unemployment
11
-
25
-
total
2 952
-
6 467
-
Corporate
26 085
48 000
-
-
income
4 956
9 120
-
-
total
4 956
9 120
-
-
Dividends
21 129
38 880
-
-
withholding
3 170
5 832
-
-
total
3 170
5 832
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 539
14 952
24 766
23 390
After tax
29 461
33 048
23 234
24 610
Living cost
11 502
11 502
11 502
11 502
Free-cash
17 959
21 546
11 732
13 108

Estimated living cost  is ₴11502 per week

₴7894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴737
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2649
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14713
₴23914
-₴15785
₴10744
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
26 467
-
-
-
income
5 838
-
-
-
social contributions
2 170
-
309
-
total
8 008
-
309
-
Employer
26 467
-
-
-
social contributions
37 318
-
5 318
-
total
37 318
-
5 318
-
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
45 326
18 797
5 627
14 828
After tax
2 674
29 203
42 373
33 172
Living cost
18 459
18 459
18 459
18 459
Free-cash
-15 785
10 744
23 914
14 713

Estimated living cost  is ₴18459 per week

₴11977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴13148
₴10382
₴13420
₴13851
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 721
surtax
-
-
-
-
total
-
-
-
21 401
Employee
19 722
-
38 788
-
income
4 102
-
10 688
-
social contributions
2 169
-
4 267
-
surtax
-
-
-
-
total
6 271
-
14 955
-
Employer
19 722
-
38 788
-
social contributions
4 684
-
9 212
-
total
4 684
-
9 212
-
Corporate
23 594
48 000
-
-
surtax
-
-
-
-
income
4 955
10 080
-
-
total
4 955
10 080
-
-
Dividends
18 639
37 920
-
-
withholding
5 219
10 618
-
-
total
5 219
10 618
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 129
20 698
24 167
21 401
After tax
26 871
27 302
23 833
26 599
Living cost
13 451
13 451
13 451
13 451
Free-cash
13 420
13 851
10 382
13 148

Estimated living cost  is ₴13451 per week

₴10064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴793
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2369
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6784
₴8712
₴6429
₴3481
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 488
social contributions
-
-
-
1 368
health
-
-
-
1 170
income
-
-
-
5 295
surtax
-
-
-
-
pensions
-
-
-
11 184
total
-
-
-
20 505
Employee
26 858
-
38 653
-
income
2 343
-
6 101
-
pensions
3 038
-
2 029
-
social contributions
765
-
1 101
-
surtax
-
-
-
-
total
6 146
-
9 231
-
Employer
26 858
-
38 653
-
pensions
4 413
-
3 533
-
other
927
-
1 334
-
health
1 880
-
2 797
-
unemployment
1 088
-
1 566
-
social contributions
81
-
116
-
total
8 389
-
9 346
-
Corporate
12 754
48 000
-
-
surtax
-
-
-
-
income
3 571
13 440
-
-
total
3 571
13 440
-
-
Dividends
9 183
34 560
-
-
surtax
-
-
-
-
social contributions
1 579
5 944
-
-
withholding
1 175
4 424
-
-
total
2 754
10 368
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 860
23 808
18 577
20 505
After tax
27 140
24 192
29 423
27 495
Living cost
20 711
20 711
20 711
20 711
Free-cash
6 429
3 481
8 712
6 784

Estimated living cost  is ₴20711 per week

₴14017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4716
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23410
₴24685
₴28869
₴30310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 560
income
-
-
-
1 140
total
-
-
-
11 700
Employee
13 786
-
41 558
-
social contributions
896
-
2 701
-
income
-
-
1 282
-
total
896
-
3 983
-
Employer
13 786
-
41 558
-
social contributions
2 137
-
6 442
-
total
2 137
-
6 442
-
Corporate
32 077
48 000
-
-
income
3 208
4 800
-
-
total
3 208
4 800
-
-
Dividends
28 869
43 200
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
6 241
4 800
10 425
11 700
After tax
41 759
43 200
37 575
36 300
Living cost
12 890
12 890
12 890
12 890
Free-cash
28 869
30 310
24 685
23 410

Estimated living cost  is ₴12890 per week

₴8335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8810
-₴45461
-₴45461
-₴45461
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
9 180
national
-
-
-
5 169
labour market
-
-
-
3 810
pensions
-
-
-
372
total
-
-
-
18 531
Employee
87 195
87 195
87 195
-
labour market
6 966
6 966
6 966
-
pensions
124
124
124
-
national
10 652
10 652
10 652
-
municipal
18 568
18 568
18 568
-
total
36 310
36 310
36 310
-
Employer
87 195
87 195
87 195
-
pensions
248
248
248
-
municipal
18 597
18 597
18 597
-
national
10 671
10 671
10 671
-
labour market
6 976
6 976
6 976
-
total
36 492
36 492
36 492
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
72 802
72 802
72 802
18 531
After tax
-24 802
-24 802
-24 802
29 469
Living cost
20 659
20 659
20 659
20 659
Free-cash
-45 461
-45 461
-45 461
8 810

Estimated living cost  is ₴20659 per week

₴14139
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1827
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23652
₴15857
₴2469
-₴5371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
12 114
pensions
-
-
-
1 777
total
-
-
-
15 089
Employee
14 566
-
41 580
-
income
1 998
-
8 445
-
pensions
1 640
-
3 259
-
health
1 668
-
4 761
-
total
5 306
-
16 465
-
Employer
14 566
-
41 580
-
pensions
2 368
-
4 706
-
accident
243
-
694
-
unemployment
357
-
1 019
-
total
2 968
-
6 419
-
Corporate
30 466
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.

27 419
43 200
-
-
total
27 419
43 200
-
-
Dividends
3 047
4 800
-
-
withholding
579
912
-
-
total
579
912
-
-
Income
48 000
48 000
48 000
48 000
Total tax
36 272
44 112
22 884
15 089
After tax
11 728
3 888
25 116
32 911
Living cost
9 259
9 259
9 259
9 259
Free-cash
2 469
-5 371
15 857
23 652

Estimated living cost  is ₴9259 per week

₴6740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17048
₴10468
₴14660
₴15061
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
8 540
health
-
-
-
560
national
-
-
-
5 389
total
-
-
-
14 489
Employee
22 561
-
40 380
-
pensions
1 523
-
2 725
-
national
373
-
3 086
-
municipal
3 695
-
6 589
-
unemployment
339
-
605
-
health
168
-
443
-
total
6 098
-
13 448
-
Employer
22 561
-
40 380
-
pensions
3 914
-
7 006
-
accident
23
-
41
-
health
173
-
311
-
unemployment
146
-
263
-
total
4 256
-
7 621
-
Corporate
21 182
48 000
-
-
income
4 236
9 600
-
-
total
4 236
9 600
-
-
Dividends

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

12 709
28 800
-
-
municipal
2 287
5 184
-
-
national
-
1 692
-
-
total
2 287
6 876
-
-
Income
48 000
48 000
48 000
48 000
Total tax
16 877
16 476
21 069
14 489
After tax
31 123
31 524
26 931
33 511
Living cost
16 463
16 463
16 463
16 463
Free-cash
14 660
15 061
10 468
17 048

Estimated living cost  is ₴16463 per week

₴10754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1584
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23809
₴23377
₴22844
₴25178
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 938
health
-
-
-
1 224
income
-
-
-
6 101
total
-
-
-
14 263
Employee
32 974
32 974
43 576
-
income
3 590
3 052
5 914
-
social contributions
1 247
2 737
3 617
-
health
256
561
741
-
total
5 093
6 350
10 272
-
Employer
32 974
32 974
43 576
-
health
277
610
806
-
social contributions
1 247
2 737
3 617
-
total
1 524
3 347
4 423
-
Corporate
31 455
11 679
-
-
income
3 932
1 460
-
-
total
3 932
1 460
-
-
Dividends
27 523
10 219
-
-
withholding
4 679
1 737
-
-
total
4 679
1 737
-
-
Income
48 000
48 000
48 000
48 000
Total tax
15 228
12 894
14 695
14 263
After tax
32 772
35 106
33 305
33 737
Living cost
9 928
9 928
9 928
9 928
Free-cash
22 844
25 178
23 377
23 809

Estimated living cost  is ₴9928 per week

₴5950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2785
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32244
₴23643
₴30759
₴32941
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
12
health
-
-
-
1 552
income
-
-
-
4 656
pensions
-
-
-
2 728
total
-
-
-
8 948
Employee

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

9 843
-
43 809
-
income
673
-
3 594
-
pensions
1 476
-
6 103
-
unemployment
49
-
203
-
health
837
-
3 458
-
total
3 035
-
13 358
-
Employer

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

9 843
-
43 809
-
pensions
541
-
2 238
-
health
423
-
1 750
-
unemployment
49
-
203
-
total
1 013
-
4 191
-
Corporate
37 144
48 000
-
-
income
3 343
4 320
-
-
total
3 343
4 320
-
-
Dividends
33 801
43 680
-
-
withholding
3 042
3 931
-
-
total
3 042
3 931
-
-
Income
48 000
48 000
48 000
48 000
Total tax
10 433
8 251
17 549
8 948
After tax
37 567
39 749
30 451
39 052
Living cost
6 808
6 808
6 808
6 808
Free-cash
30 759
32 941
23 643
32 244

Estimated living cost  is ₴6808 per week

₴4344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14434
₴13179
₴18289
₴20535
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
9 850
pensions
-
-
-
11 248
total
-
-
-
21 774
Employee
15 856
-
36 397
-
income
3 057
-
9 114
-
pensions
745
-
1 711
-
unemployment
246
-
564
-
other
15
-
37
-
total
4 063
-
11 426
-
Employer
15 856
-
36 397
-
pensions
3 742
-
8 589
-
other
127
-
291
-
accident
314
-
721
-
unemployment
872
-
2 002
-
total
5 055
-
11 603
-
Corporate
27 089
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.

4 063
7 200
-
-
total
4 063
7 200
-
-
Dividends
23 026
40 800
-
-
withholding
4 738
8 473
-
-
total
4 738
8 473
-
-
Income
48 000
48 000
48 000
48 000
Total tax
17 919
15 673
23 029
21 774
After tax
30 081
32 327
24 971
26 226
Living cost
11 792
11 792
11 792
11 792
Free-cash
18 289
20 535
13 179
14 434

Estimated living cost  is ₴11792 per week

₴7959
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29336
₴29253
₴28585
₴28778
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
621
income
-
-
-
16 012
pensions
-
-
-
857
total
-
-
-
17 490
Employee
1 789
-
47 036
-
income
346
-
15 967
-
pensions
161
-
385
-
unemployment
18
-
43
-
health
89
-
214
-
total
614
-
16 609
-
Employer
1 789
-
47 036
-
pensions
197
-
471
-
health
170
-
407
-
unemployment
36
-
86
-
total
403
-
964
-
Corporate
45 809
48 000
-
-
income
10 078
10 560
-
-
total
10 078
10 560
-
-
Dividends
35 731
37 440
-
-
withholding
7 146
7 488
-
-
total
7 146
7 488
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 241
18 048
17 573
17 490
After tax
29 759
29 952
30 427
30 510
Living cost
1 174
1 174
1 174
1 174
Free-cash
28 585
28 778
29 253
29 336

Estimated living cost  is ₴1174 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18597
₴18596
₴25153
₴27264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
475
health
-
-
-
3 264
income
-
-
-
10 008
pensions
-
-
-
8 240
total
-
-
-
21 987
Employee

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

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

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

11 183
-
42 327
-
income
1 542
-
10 008
-
pensions
1 566
-
4 437
-
unemployment
84
-
238
-
health
576
-
1 632
-
total
3 768
-
16 315
-
Employer

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

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

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

11 183
-
42 327
-
pensions
1 342
-
3 803
-
health
576
-
1 632
-
unemployment
84
-
238
-
total
2 002
-
5 673
-
Corporate
34 815
48 000
-
-
income
5 222
7 200
-
-
total
5 222
7 200
-
-
Dividends
29 593
40 800
-
-
withholding
4 439
6 120
-
-
total
4 439
6 120
-
-
Income
48 000
48 000
48 000
48 000
Total tax
15 431
13 320
21 988
21 987
After tax
32 569
34 680
26 012
26 013
Living cost
7 416
7 416
7 416
7 416
Free-cash
25 153
27 264
18 596
18 597

Estimated living cost  is ₴7416 per week

₴4993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴15038
₴12272
₴15587
₴15741
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 721
surtax
-
-
-
-
total
-
-
-
21 401
Employee
16 643
-
38 788
-
income
3 252
-
10 688
-
social contributions
1 831
-
4 267
-
surtax
-
-
-
-
total
5 083
-
14 955
-
Employer
16 643
-
38 788
-
social contributions
3 952
-
9 212
-
total
3 952
-
9 212
-
Corporate
27 404
48 000
-
-
surtax
-
-
-
-
income
5 755
10 080
-
-
total
5 755
10 080
-
-
Dividends
21 649
37 920
-
-
withholding
6 062
10 618
-
-
total
6 062
10 618
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 852
20 698
24 167
21 401
After tax
27 148
27 302
23 833
26 599
Living cost
11 561
11 561
11 561
11 561
Free-cash
15 587
15 741
12 272
15 038

Estimated living cost  is ₴11561 per week

₴8188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴803
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2365
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11155
₴9900
₴13989
₴17256
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
9 850
pensions
-
-
-
11 248
total
-
-
-
21 774
Employee
20 710
-
36 397
-
income
4 326
-
9 114
-
pensions
973
-
1 711
-
unemployment
321
-
564
-
other
20
-
37
-
total
5 640
-
11 426
-
Employer
20 710
-
36 397
-
pensions
4 887
-
8 589
-
other
166
-
291
-
accident
410
-
721
-
unemployment
1 139
-
2 002
-
total
6 602
-
11 603
-
Corporate
20 687
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.

3 103
7 200
-
-
total
3 103
7 200
-
-
Dividends
17 584
40 800
-
-
withholding
3 595
8 473
-
-
total
3 595
8 473
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 940
15 673
23 029
21 774
After tax
29 060
32 327
24 971
26 226
Living cost
15 071
15 071
15 071
15 071
Free-cash
13 989
17 256
9 900
11 155

Estimated living cost  is ₴15071 per week

₴10823
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2864
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29427
₴31012
₴31053
₴33665
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
60
health
-
-
-
1 722
income
-
-
-
7 200
pensions

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

-
-
-
2 216
total
-
-
-
11 198
Employee
9 766
-
45 062
-
income
977
-
4 506
-
pensions

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

857
-
1 315
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
total
2 390
-
6 675
-
Employer
9 766
-
45 062
-
pensions

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

1 076
-
1 650
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
health
674
-
1 033
-
unemployment
59
-
90
-
total
1 916
-
2 938
-
Corporate
36 318
48 000
-
-
income
3 632
4 800
-
-
total
3 632
4 800
-
-
Dividends
32 686
43 200
-
-
withholding
1 634
2 160
-
-
total
1 634
2 160
-
-
Income
48 000
48 000
48 000
48 000
Total tax
9 572
6 960
9 613
11 198
After tax
38 428
41 040
38 387
36 802
Living cost
7 375
7 375
7 375
7 375
Free-cash
31 053
33 665
31 012
29 427

Estimated living cost  is ₴7375 per week

₴4878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12884
₴16911
₴13803
₴8194
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 027
health

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

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

-
-
-
2 930
income

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

-
-
-
10 999
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.

-
-
-
605
total
-
-
-
18 561
Employee

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

21 336
-
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.

97
-
605
-
income

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

1 754
-
10 999
-
health

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

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

2 930
-
2 930
-
total
4 781
-
14 534
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 664
48 000
-
-
trade
3 826
6 888
-
-
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.

220
396
-
-
income
4 000
7 200
-
-
chamber of commerce
104
135
-
-
total
8 150
14 619
-
-
Dividends
18 514
33 381
-
-
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.

246
450
-
-
withholding
4 465
8 182
-
-
total
4 711
8 632
-
-
Income
48 000
48 000
48 000
48 000
Total tax
17 642
23 251
14 534
18 561
After tax
30 358
24 749
33 466
29 439
Living cost
16 555
16 555
16 555
16 555
Free-cash
13 803
8 194
16 911
12 884

Estimated living cost  is ₴16555 per week

₴11420
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1781
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7085
₴7085
₴10120
₴9173
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 376
income
-
-
-
12 112
total
-
-
-
16 488
Employee
33 543
-
48 000
-
social contributions
2 787
-
4 376
-
income
6 329
-
12 112
-
total
9 116
-
16 488
-
Employer
33 543
-
48 000
-
total
-
-
-
-
Corporate
14 457
48 000
-
-
income
1 807
6 000
-
-
total
1 807
6 000
-
-
Dividends
12 649
42 000
-
-
withholding
2 530
8 400
-
-
total
2 530
8 400
-
-
Income
48 000
48 000
48 000
48 000
Total tax
13 453
14 400
16 488
16 488
After tax
34 547
33 600
31 512
31 512
Living cost
24 427
24 427
24 427
24 427
Free-cash
10 120
9 173
7 085
7 085

Estimated living cost  is ₴24427 per week

₴18584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1990
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17365
₴19765
₴14866
₴13368
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
2 863
income
-
-
-
12 206
total
-
-
-
15 069
Employee
19 672
-
46 027
-
social contributions
1 971
-
1 973
-
income
2 135
-
8 723
-
total
4 106
-
10 696
-
Employer
19 672
-
46 027
-
social contributions
1 971
-
1 973
-
total
1 971
-
1 973
-
Corporate
26 357
48 000
-
-
income
9 225
16 800
-
-
total
9 225
16 800
-
-
Dividends
17 133
31 200
-
-
social contributions
2 266
2 266
-
-
total
2 266
2 266
-
-
Income
48 000
48 000
48 000
48 000
Total tax
17 568
19 066
12 669
15 069
After tax
30 432
28 934
35 331
32 931
Living cost
15 566
15 566
15 566
15 566
Free-cash
14 866
13 368
19 765
17 365

Estimated living cost  is ₴15566 per week

₴10253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1227
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.
₴3847
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴17911
₴13536
₴17512
₴18416
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 749
pensions
-
-
-
3 321
total
-
-
-
14 070
Employee
21 989
-
42 189
-
income
4 004
-
7 831
-
pensions
1 678
-
4 102
-
health
287
-
701
-
total
5 969
-
12 634
-
Employer
21 989
-
42 189
-
pensions
2 222
-
5 009
-
health
418
-
802
-
total
2 640
-
5 811
-
Corporate
23 372
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.

4 440
9 120
-
-
total
4 440
9 120
-
-
Dividends
18 932
38 880
-
-
withholding
1 420
4 445
-
-
total
1 420
4 445
-
-
Income
48 000
48 000
48 000
48 000
Total tax
14 469
13 565
18 445
14 070
After tax
33 531
34 435
29 555
33 930
Living cost
16 019
16 019
16 019
16 019
Free-cash
17 512
18 416
13 536
17 911

Estimated living cost  is ₴16019 per week

₴10989
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1473
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴22735
₴14940
₴2328
-₴6288
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
158
accident
-
-
-
108
health
-
-
-
932
income
-
-
-
12 114
pensions
-
-
-
1 777
total
-
-
-
15 089
Employee
16 008
-
41 580
-
income
2 196
-
8 445
-
pensions
1 802
-
3 259
-
health
1 833
-
4 761
-
total
5 831
-
16 465
-
Employer
16 008
-
41 580
-
pensions
2 603
-
4 706
-
accident
267
-
694
-
unemployment
392
-
1 019
-
total
3 262
-
6 419
-
Corporate
28 730
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.

25 857
43 200
-
-
total
25 857
43 200
-
-
Dividends
2 873
4 800
-
-
withholding
546
912
-
-
total
546
912
-
-
Income
48 000
48 000
48 000
48 000
Total tax
35 496
44 112
22 884
15 089
After tax
12 504
3 888
25 116
32 911
Living cost
10 176
10 176
10 176
10 176
Free-cash
2 328
-6 288
14 940
22 735

Estimated living cost  is ₴10176 per week

₴7468
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴593
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Skopje , Macedonia
₴21512
₴25287
₴32926
₴34602
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
240
unemployment
-
-
-
576
income
-
-
-
7 498
health insurance
-
-
-
3 552
pensions
-
-
-
8 832
total
-
-
-
20 698
Employee

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

9 264
-
48 000
-
income
926
-
7 498
-
work injury
46
-
171
-
pensions
1 705
-
6 307
-
unemployment
111
-
411
-
health insurance
686
-
2 536
-
total
3 474
-
16 923
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
38 736
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
38 736
47 520
-
-
withholding
5 810
7 128
-
-
total
5 810
7 128
-
-
Income
48 000
48 000
48 000
48 000
Total tax
9 284
7 608
16 923
20 698
After tax
38 716
40 392
31 077
27 302
Living cost
5 790
5 790
5 790
5 790
Free-cash
32 926
34 602
25 287
21 512

Estimated living cost  is ₴5790 per week

₴3587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6691
₴4495
₴6250
₴8200
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
321
national
-
-
-
10 554
regional
-
-
-
1 005
total
-
-
-
24 226
Employee
36 135
-
48 000
-
national
6 106
-
9 095
-
social contributions
12 184
-
16 186
-
municipal
216
-
286
-
regional
546
-
855
-
total
19 052
-
26 422
-
Employer
36 135
-
48 000
-
total
-
-
-
-
Corporate
11 865
48 000
-
-
nationa
2 847
11 520
-
-
municipal
572
2 314
-
-
total
3 419
13 834
-
-
Dividends
8 446
34 167
-
-
withholding
2 196
8 883
-
-
total
2 196
8 883
-
-
Income
48 000
48 000
48 000
48 000
Total tax
24 667
22 717
26 422
24 226
After tax
23 333
25 283
21 578
23 774
Living cost
17 083
17 083
17 083
17 083
Free-cash
6 250
8 200
4 495
6 691

Estimated living cost  is ₴17083 per week

₴12000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1175
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.
₴3650
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close