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
₴9201
₴19310
₴15394
₴14706
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
48 000
income

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

-
-
-
9 683
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.

-
-
-
533
health

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

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

-
-
-
3 400
trade
-
-
-
3 916
total
-
-
-
17 532
Employee

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

19 035
-
48 000
-
surtax

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

29
-
533
-
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.

532
-
9 683
-
health

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

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

3 400
-
3 400
-
total
3 961
-
13 616
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 965
48 000
-
-
income
4 344
7 200
-
-
surtax

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

239
396
-
-
chamber of commerce
117
144
-
-
trade
4 562
7 560
-
-
total
9 262
15 300
-
-
Dividends
19 703
32 699
-
-
surtax

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

261
439
-
-
withholding
4 736
7 986
-
-
total
4 997
8 425
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 220
23 725
13 616
17 532
After tax
29 780
24 275
34 384
30 468
Living cost
15 074
15 074
15 074
15 074
Free-cash
14 706
9 201
19 310
15 394

Estimated living cost  is ₴15074 per week

₴9482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1758
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3455
₴2992
₴2616
₴3014
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
social contributions
-
-
-
516
municipal
-
-
-
4 946
national
-
-
-
7 665
pensions
-
-
-
5 760
total
-
-
-
18 887
Employee
41 075
-
41 496
-
municipal
5 073
-
5 132
-
pensions
1 643
-
1 660
-
national
7 862
-
7 953
-
total
14 578
-
14 745
-
Employer
41 075
-
41 496
-
pensions
3 286
-
3 320
-
social contributions
442
-
446
-
total
3 728
-
3 766
-
Corporate
487
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%.

97
9 600
-
-
total
97
9 600
-
-
Dividends
389
38 400
-
-
withholding
86
8 448
-
-
total
86
8 448
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 489
18 048
18 511
18 887
After tax
29 511
29 952
29 489
29 113
Living cost
26 497
26 497
26 497
26 497
Free-cash
3 014
3 455
2 992
2 616

Estimated living cost  is ₴26497 per week

₴18010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28046
₴16721
₴15291
₴23963
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
48 000
income
-
-
-
6 923
surtax
-
-
-
-
social contributions

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

-
-
-
15 432
microenterprise
-
-
-
-
total
-
-
-
22 355
Employee
14 542
-
38 681
-
surtax
-
-
-
-
social contributions

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

1 600
-
4 255
-
income
2 589
-
7 351
-
total
4 189
-
11 606
-
Employer
14 542
-
38 681
-
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.

3 503
-
9 319
-
surtax
-
-
-
-
total
3 503
-
9 319
-
Corporate
29 955
48 000
-
-
income

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

5 991
9 600
-
-
total
5 991
9 600
-
-
Dividends

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

23 964
38 400
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
13 683
9 600
20 925
22 355
After tax
34 317
38 400
27 075
25 645
Living cost
10 354
10 354
10 354
10 354
Free-cash
23 963
28 046
16 721
15 291

Estimated living cost  is ₴10354 per week

₴6605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴986
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.
₴2527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1374
-₴1419
₴6407
-₴1419
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
9 052
health
-
-
-
5 862
pensions
-
-
-
5 831
total
-
-
-
20 745
Employee
42 499
42 499
42 499
-
pensions
7 650
5 831
7 650
-
income

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

6 956
6 956
6 956
-
health
6 523
5 549
6 523
-
total
21 129
18 336
21 129
-
Employer
42 499
42 499
42 499
-
health
2 954
2 954
2 954
-
pensions
2 958
2 958
2 958
-
unemployment
1 530
1 530
1 530
-
total
7 442
7 442
7 442
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
28 571
25 778
28 571
20 745
After tax
19 429
22 222
19 429
27 255
Living cost
20 848
20 848
20 848
20 848
Free-cash
-1 419
1 374
-1 419
6 407

Estimated living cost  is ₴20848 per week

₴14775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6327
₴5752
₴4947
₴5881
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
87
other
-
-
-
5 063
unemployment
-
-
-
44
health
-
-
-
2 719
municipal
-
-
-
10 549
national
-
-
-
-
pensions
-
-
-
4 710
total
-
-
-
23 172
Employee
28 329
-
36 524
-
municipal
8 448
-
10 892
-
national
-
-
-
-
total
8 448
-
10 892
-
Employer
28 329
-
36 524
-
health
1 742
-
2 246
-
pensions
3 062
-
3 948
-
accident
57
-
73
-
unemployment
748
-
964
-
other
3 292
-
4 244
-
total
8 901
-
11 475
-
Corporate
10 770
48 000
-
-
income
2 369
10 560
-
-
total
2 369
10 560
-
-
Dividends
8 400
37 440
-
-
withholding
2 520
11 232
-
-
total
2 520
11 232
-
-
Income
48 000
48 000
48 000
48 000
Total tax
22 238
21 792
22 367
23 172
After tax
25 762
26 208
25 633
24 828
Living cost
19 881
19 881
19 881
19 881
Free-cash
5 881
6 327
5 752
4 947

Estimated living cost  is ₴19881 per week

₴13177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1951
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4452
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4477
₴14833
₴10744
₴11469
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
48 000
income

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

-
-
-
9 683
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.

-
-
-
533
health

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

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

-
-
-
3 400
trade
-
-
-
4 089
total
-
-
-
17 705
Employee

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

25 238
-
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.

119
-
533
-
income

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

2 168
-
9 683
-
health

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

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

3 400
-
3 400
-
total
5 687
-
13 616
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
22 762
48 000
-
-
income
3 414
7 200
-
-
surtax

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

188
396
-
-
chamber of commerce
108
144
-
-
trade
3 745
7 896
-
-
total
7 455
15 636
-
-
Dividends
15 308
32 364
-
-
surtax

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

200
434
-
-
withholding
3 638
7 902
-
-
total
3 838
8 336
-
-
Income
48 000
48 000
48 000
48 000
Total tax
16 980
23 972
13 616
17 705
After tax
31 020
24 028
34 384
30 295
Living cost
19 551
19 551
19 551
19 551
Free-cash
11 469
4 477
14 833
10 744

Estimated living cost  is ₴19551 per week

₴13076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2062
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19003
₴18102
₴18150
₴16938
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
4 996
social contributions
-
-
-
7 488
health
-
-
-
1 224
total
-
-
-
13 708
Employee
38 269
38 269
43 576
-
social contributions
1 860
3 176
3 617
-
income
4 019
3 543
4 975
-
health
381
651
740
-
total
6 260
7 370
9 332
-
Employer
38 269
38 269
43 576
-
health
415
708
807
-
social contributions
1 860
3 176
3 617
-
total
2 275
3 884
4 424
-
Corporate
23 325
5 847
-
-
income
2 915
731
-
-
total
2 915
731
-
-
Dividends
20 410
5 116
-
-
withholding
3 470
870
-
-
total
3 470
870
-
-
Income
48 000
48 000
48 000
48 000
Total tax
14 920
12 855
13 756
13 708
After tax
33 080
35 145
34 244
34 292
Living cost
16 142
16 142
16 142
16 142
Free-cash
16 938
19 003
18 102
18 150

Estimated living cost  is ₴16142 per week

₴11035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18126
₴18905
₴24332
₴18310
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 876
5 124
40 167
-
unemployment
193
77
603
-
pensions
1 288
512
4 017
-
income
1 574
626
4 910
-
health
901
359
2 812
-
total
3 956
1 574
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.

12 876
5 124
40 167
-
pensions
2 511
999
7 833
-
total
2 511
999
7 833
-
Corporate
32 614
41 876
-
-
income
2 935
3 769
-
-
total
2 935
3 769
-
-
Dividends
29 678
38 108
-
-
social contributions
5 729
7 372
-
-
withholding
5 639
7 240
-
-
total
11 368
14 612
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 770
20 954
20 175
14 748
After tax
27 230
27 046
27 825
33 252
Living cost
8 920
8 920
8 920
8 920
Free-cash
18 310
18 126
18 905
24 332

Estimated living cost  is ₴8920 per week

₴6087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26379
₴15645
₴13707
₴23289
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
6 432
health
-
-
-
6 240
pensions
-
-
-
9 600
total
-
-
-
22 272
Employee
14 118
-
35 874
-
unemployment
226
-
574
-
pensions
282
-
718
-
income
1 589
-
6 916
-
total
2 097
-
8 208
-
Employer
14 118
-
35 874
-
health
1 835
-
4 664
-
pensions
2 824
-
7 175
-
unemployment
113
-
287
-
total
4 772
-
12 126
-
Corporate
29 110
48 000
-
-
income
5 821
9 600
-
-
total
5 821
9 600
-
-
Dividends
23 288
38 400
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
12 690
9 600
20 334
22 272
After tax
35 310
38 400
27 666
25 728
Living cost
12 021
12 021
12 021
12 021
Free-cash
23 289
26 379
15 645
13 707

Estimated living cost  is ₴12021 per week

₴8245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7223
₴13521
₴21850
₴2184
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
11 522
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
15 039
Employee
17 478
-
40 757
-
pensions
1 968
-
3 853
-
income
2 398
-
7 604
-
health
2 001
-
4 667
-
total
6 367
-
16 124
-
Employer
17 478
-
40 757
-
pensions
2 842
-
5 564
-
accident
292
-
681
-
unemployment
428
-
999
-
total
3 562
-
7 244
-
Corporate
26 960
48 000
-
-
income

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

24 264
43 200
-
-
total
24 264
43 200
-
-
Dividends
2 696
4 800
-
-
withholding
512
912
-
-
total
512
912
-
-
Income
48 000
48 000
48 000
48 000
Total tax
34 705
44 112
23 368
15 039
After tax
13 295
3 888
24 632
32 961
Living cost
11 111
11 111
11 111
11 111
Free-cash
2 184
-7 223
13 521
21 850

Estimated living cost  is ₴11111 per week

₴8143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴41590
₴34390
₴43510
₴40839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
48 000
microenterprise

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

-
-
-
480
total
-
-
-
480
Employee
5 012
-
48 000
-
income
1 002
-
9 600
-
total
1 002
-
9 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

42 988
48 000
-
-
total
-
-
-
-
Dividends
42 988
48 000
-
-
withholding
2 149
2 400
-
-
total
2 149
2 400
-
-
Income
48 000
48 000
48 000
48 000
Total tax
3 151
2 400
9 600
480
After tax
44 849
45 600
38 400
47 520
Living cost
4 010
4 010
4 010
4 010
Free-cash
40 839
41 590
34 390
43 510

Estimated living cost  is ₴4010 per week

₴2485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22004
₴14876
₴12731
₴18646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
11 519
total
-
-
-
22 008
Employee
18 070
-
38 339
-
unemployment
180
-
383
-
pensions

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

1 265
-
2 684
-
income
3 111
-
6 600
-
health
253
-
536
-
total
4 809
-
10 203
-
Employer
18 070
-
38 339
-
health
253
-
536
-
pensions

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

3 072
-
6 518
-
accident
144
-
307
-
unemployment
180
-
383
-
other
904
-
1 916
-
total
4 553
-
9 660
-
Corporate
25 376
48 000
-
-
income
5 328
10 080
-
-
total
5 328
10 080
-
-
Dividends
20 047
37 920
-
-
withholding
1 403
2 655
-
-
total
1 403
2 655
-
-
Income
48 000
48 000
48 000
48 000
Total tax
16 093
12 735
19 863
22 008
After tax
31 907
35 265
28 137
25 992
Living cost
13 261
13 261
13 261
13 261
Free-cash
18 646
22 004
14 876
12 731

Estimated living cost  is ₴13261 per week

₴9370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2439
-₴3129
₴1670
-₴5488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
9 592
pensions
-
-
-
3 490
total
-
-
-
13 082
Employee
47 041
-
42 297
-
pensions
4 538
-
3 969
-
income
8 480
-
7 530
-
health
775
-
678
-
total
13 793
-
12 177
-
Employer
47 041
-
42 297
-
health
893
-
804
-
pensions
5 554
-
4 900
-
total
6 447
-
5 704
-
Corporate
-
48 000
-
-
income

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

-
9 120
-
-
total
-
9 120
-
-
Dividends
-
38 880
-
-
withholding
-
3 193
-
-
total
-
3 193
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 240
12 313
17 881
13 082
After tax
27 760
35 687
30 119
34 918
Living cost
33 248
33 248
33 248
33 248
Free-cash
-5 488
2 439
-3 129
1 670

Estimated living cost  is ₴33248 per week

₴24914
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴34516
₴31092
₴29635
₴32205
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
7 200
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
11 841
Employee
8 638
-
44 590
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

758
-
1 526
-
income
864
-
4 459
-
health
397
-
799
-
total
2 114
-
6 975
-
Employer
8 638
-
44 590
-
health
596
-
1 199
-
pensions

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

952
-
1 915
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
unemployment
52
-
104
-
total
1 695
-
3 409
-
Corporate
37 667
48 000
-
-
income
3 767
4 800
-
-
total
3 767
4 800
-
-
Dividends
33 900
43 200
-
-
withholding
1 695
2 160
-
-
total
1 695
2 160
-
-
Income
48 000
48 000
48 000
48 000
Total tax
9 271
6 960
10 384
11 841
After tax
38 729
41 040
37 616
36 159
Living cost
6 524
6 524
6 524
6 524
Free-cash
32 205
34 516
31 092
29 635

Estimated living cost  is ₴6524 per week

₴3809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5375
-₴8168
-₴342
-₴6218
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
9 052
health
-
-
-
5 862
pensions
-
-
-
5 831
total
-
-
-
20 745
Employee
46 141
42 499
42 499
-
pensions
5 831
5 831
7 650
-
income

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

6 956
6 956
6 956
-
health
5 756
5 549
6 523
-
total
18 543
18 336
21 129
-
Employer
46 141
42 499
42 499
-
health
3 206
2 954
2 954
-
pensions
3 211
2 958
2 958
-
unemployment
1 661
1 530
1 530
-
total
8 078
7 442
7 442
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
income
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
26 621
25 778
28 571
20 745
After tax
21 379
22 222
19 429
27 255
Living cost
27 597
27 597
27 597
27 597
Free-cash
-6 218
-5 375
-8 168
-342

Estimated living cost  is ₴27597 per week

₴20357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20843
₴12153
₴11173
₴16489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
4 126
social contributions
-
-
-
14 016
solidarity contribution
-
-
-
-
health
-
-
-
6 480
total
-
-
-
24 622
Employee
17 948
-
35 821
-
solidarity contribution
-
-
-
-
social contributions
1 167
-
2 328
-
income
2 154
-
4 299
-
health
2 423
-
4 836
-
total
5 744
-
11 463
-
Employer
17 948
-
35 821
-
health
1 615
-
3 224
-
social contributions
4 487
-
8 955
-
total
6 102
-
12 179
-
Corporate
23 949
48 000
-
-
income
4 550
9 120
-
-
total
4 550
9 120
-
-
Dividends
19 399
38 880
-
-
withholding
2 910
5 832
-
-
total
2 910
5 832
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 306
14 952
23 642
24 622
After tax
28 694
33 048
24 358
23 378
Living cost
12 205
12 205
12 205
12 205
Free-cash
16 489
20 843
12 153
11 173

Estimated living cost  is ₴12205 per week

₴8478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
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.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4609
₴1485
₴3769
₴2013
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
527
municipal
-
-
-
285
national
-
-
-
10 073
total
-
-
-
23 231
Employee
44 230
-
48 000
-
municipal
234
-
254
-
national
7 664
-
8 614
-
regional
417
-
461
-
social contributions
14 914
-
16 186
-
total
23 229
-
25 515
-
Employer
44 230
-
48 000
-
total
-
-
-
-
Corporate
3 770
48 000
-
-
municipal
147
1 872
-
-
nationa
905
11 520
-
-
total
1 052
13 392
-
-
Dividends
2 718
34 608
-
-
withholding
706
8 999
-
-
total
706
8 999
-
-
Income
48 000
48 000
48 000
48 000
Total tax
24 987
22 391
25 515
23 231
After tax
23 013
25 609
22 485
24 769
Living cost
21 000
21 000
21 000
21 000
Free-cash
2 013
4 609
1 485
3 769

Estimated living cost  is ₴21000 per week

₴14639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4662
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19210
₴12966
₴13894
₴17661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
8 939
other
-
-
-
-
surtax
-
-
-
1 064
unemployment
-
-
-
113
health
-
-
-
3 408
pensions
-
-
-
9 600
total
-
-
-
23 124
Employee
16 458
-
39 653
-
other
-
-
-
-
unemployment
1 146
-
2 760
-
pensions
1 097
-
2 644
-
surtax
54
-
958
-
income
2 759
-
8 332
-
health
420
-
1 011
-
total
5 476
-
15 705
-
Employer
16 458
-
39 653
-
health
749
-
1 804
-
pensions
2 194
-
5 286
-
unemployment
521
-
1 257
-
other
-
-
-
-
total
3 464
-
8 347
-
Corporate
28 078
48 000
-
-
income
7 300
12 480
-
-
total
7 300
12 480
-
-
Dividends
20 778
35 520
-
-
withholding
3 117
5 328
-
-
total
3 117
5 328
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 357
17 808
24 052
23 124
After tax
28 643
30 192
23 948
24 876
Living cost
10 982
10 982
10 982
10 982
Free-cash
17 661
19 210
12 966
13 894

Estimated living cost  is ₴10982 per week

₴6715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and 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 of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴12973
₴7405
₴12204
₴9337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
9 592
pensions
-
-
-
3 490
total
-
-
-
13 082
Employee
31 526
-
42 297
-
pensions
2 676
-
3 969
-
income
5 678
-
7 530
-
health
458
-
678
-
total
8 812
-
12 177
-
Employer
31 526
-
42 297
-
health
599
-
804
-
pensions
3 413
-
4 900
-
total
4 012
-
5 704
-
Corporate
12 463
48 000
-
-
income

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

2 368
9 120
-
-
total
2 368
9 120
-
-
Dividends
10 094
38 880
-
-
withholding
757
3 193
-
-
total
757
3 193
-
-
Income
48 000
48 000
48 000
48 000
Total tax
15 949
12 313
17 881
13 082
After tax
32 051
35 687
30 119
34 918
Living cost
22 714
22 714
22 714
22 714
Free-cash
9 337
12 973
7 405
12 204

Estimated living cost  is ₴22714 per week

₴17017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
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.
₴3756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴17345
-₴1562
₴892
-₴2366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
other

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

-
-
-
960
regional
-
-
-
1 564
health
-
-
-
128
city
-
-
-
506
national
-
-
-
239
pensions
-
-
-
4 416
total
-
-
-
7 813
Employee
45 985
-
42 963
-
unemployment
-
-
-
-
pensions
3 863
-
3 609
-
national
218
-
193
-
regional
1 506
-
1 342
-
city
494
-
461
-
health
104
-
97
-
total
6 185
-
5 702
-
Employer
45 985
-
42 963
-
health
104
-
97
-
pensions
3 863
-
3 609
-
unemployment
-
-
-
-
other

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

919
-
859
-
total
4 886
-
4 565
-
Corporate
-
48 000
-
-
regional
-
10 152
-
-
national
-
4 080
-
-
total
-
14 232
-
-
Dividends
-
33 768
-
-
withholding
-
11 818
-
-
total
-
11 818
-
-
Income
48 000
48 000
48 000
48 000
Total tax
11 071
26 050
10 267
7 813
After tax
36 929
21 950
37 733
40 187
Living cost
39 295
39 295
39 295
39 295
Free-cash
-2 366
-17 345
-1 562
892

Estimated living cost  is ₴39295 per week

₴25553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴981
₴11585
₴7321
₴9053
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
48 000
income

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

-
-
-
9 683
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.

-
-
-
533
health

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

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

-
-
-
3 400
trade
-
-
-
4 264
total
-
-
-
17 880
Employee

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

29 909
-
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.

194
-
533
-
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.

3 517
-
9 683
-
health

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

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

3 400
-
3 400
-
total
7 111
-
13 616
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
18 091
48 000
-
-
income
2 713
7 200
-
-
surtax

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

149
396
-
-
chamber of commerce
101
144
-
-
trade
3 102
8 232
-
-
total
6 065
15 972
-
-
Dividends
12 025
32 029
-
-
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.

155
430
-
-
withholding
2 817
7 818
-
-
total
2 972
8 248
-
-
Income
48 000
48 000
48 000
48 000
Total tax
16 148
24 220
13 616
17 880
After tax
31 852
23 780
34 384
30 120
Living cost
22 799
22 799
22 799
22 799
Free-cash
9 053
981
11 585
7 321

Estimated living cost  is ₴22799 per week

₴16651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1824
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7165
₴10251
₴10664
₴10107
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
4 321
other
-
-
-
1 490
surtax
-
-
-
-
social contributions
-
-
-
1 368
health
-
-
-
791
pensions
-
-
-
12 339
total
-
-
-
20 309
Employee
21 300
-
36 577
-
pensions
2 408
-
4 137
-
surtax
-
-
-
-
social contributions
607
-
1 042
-
income
1 257
-
4 120
-
total
4 272
-
9 299
-
Employer
21 300
-
36 577
-
health
1 491
-
2 560
-
pensions
3 499
-
6 009
-
unemployment
862
-
1 482
-
social contributions
64
-
110
-
other
735
-
1 262
-
total
6 651
-
11 423
-
Corporate
20 049
48 000
-
-
income
5 614
13 440
-
-
surtax
-
-
-
-
total
5 614
13 440
-
-
Dividends
14 435
34 560
-
-
surtax
-
-
-
-
social contributions
2 482
5 944
-
-
withholding
1 847
4 424
-
-
total
4 329
10 368
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 866
23 808
20 722
20 309
After tax
27 134
24 192
27 278
27 691
Living cost
17 027
17 027
17 027
17 027
Free-cash
10 107
7 165
10 251
10 664

Estimated living cost  is ₴17027 per week

₴10736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴8852
₴11938
₴12351
₴11617
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
4 321
other
-
-
-
1 490
surtax
-
-
-
-
social contributions
-
-
-
1 368
health
-
-
-
791
pensions
-
-
-
12 339
total
-
-
-
20 309
Employee
19 013
-
36 577
-
pensions
2 150
-
4 137
-
surtax
-
-
-
-
social contributions
542
-
1 042
-
income
980
-
4 120
-
total
3 672
-
9 299
-
Employer
19 013
-
36 577
-
health
1 331
-
2 560
-
pensions
3 124
-
6 009
-
unemployment
770
-
1 482
-
social contributions
57
-
110
-
other
656
-
1 262
-
total
5 938
-
11 423
-
Corporate
23 049
48 000
-
-
income
6 454
13 440
-
-
surtax
-
-
-
-
total
6 454
13 440
-
-
Dividends
16 595
34 560
-
-
surtax
-
-
-
-
social contributions
2 855
5 944
-
-
withholding
2 124
4 424
-
-
total
4 979
10 368
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 043
23 808
20 722
20 309
After tax
26 957
24 192
27 278
27 691
Living cost
15 340
15 340
15 340
15 340
Free-cash
11 617
8 852
11 938
12 351

Estimated living cost  is ₴15340 per week

₴8897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and 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

Source of data for Marseille model

Close
Vilnius , Lithuania
₴18731
₴20447
₴20272
₴18990
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
7 200
social contributions
-
-
-
6 624
health
-
-
-
3 351
total
-
-
-
17 175
Employee
16 874
-
48 000
-
social contributions
2 329
-
6 624
-
income
2 814
-
7 025
-
health
1 178
-
3 351
-
total
6 321
-
17 000
-
Employer
16 874
-
48 000
-
total
-
-
-
-
Corporate
31 126
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%.

1 556
2 400
-
-
total
1 556
2 400
-
-
Dividends
29 569
45 600
-
-
social contributions
4 081
6 293
-
-
withholding
4 435
6 840
-
-
health
2 064
3 183
-
-
total
10 580
16 316
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 457
18 716
17 000
17 175
After tax
29 543
29 284
31 000
30 825
Living cost
10 553
10 553
10 553
10 553
Free-cash
18 990
18 731
20 447
20 272

Estimated living cost  is ₴10553 per week

₴7062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴651
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.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9400
-₴2743
₴6913
₴8635
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
7 657
surtax
-
-
-
98
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
192
health
-
-
-
3 672
pensions
-
-
-
8 880
total
-
-
-
23 551
Employee
24 872
19 833
37 195
-
other
248
198
372
-
unemployment
746
595
1 115
-
pensions
2 547
2 031
3 809
-
income
2 831
1 463
6 843
-
health
962
768
1 439
-
total
7 334
5 055
13 578
-
Employer
24 872
19 833
37 195
-
chamber of commerce
99
79
149
-
health
940
750
1 406
-
pensions
3 121
2 490
4 668
-
accident
323
258
484
-
unemployment
746
595
1 115
-
surtax
98
98
98
-
payroll
746
595
1 115
-
other
1 181
942
1 767
-
total
7 254
5 807
10 802
-
Corporate
15 873
22 361
35 308
-
income

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

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

3 968
5 590
8 827
-
total
3 968
5 590
8 827
-
Dividends
11 905
16 770
-
-
withholding
3 273
4 612
-
-
total
3 273
4 612
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 829
21 064
33 207
23 551
After tax
26 171
26 936
14 793
24 449
Living cost
17 536
17 536
17 536
17 536
Free-cash
8 635
9 400
-2 743
6 913

Estimated living cost  is ₴17536 per week

₴11696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8781
₴672
₴4614
₴1317
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
communal

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

-
-
-
2 437
social contributions
-
-
-
7 392
national
-
-
-
15 411
total
-
-
-
25 240
Employee

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

35 599
-
37 177
-
unemployment

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

310
-
323
-
communal

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

1 857
-
1 939
-
pensions

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

2 670
-
2 788
-
national
10 945
-
11 562
-
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.

1 673
-
1 747
-
total
17 455
-
18 359
-
Employer

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

35 599
-
37 177
-
health

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

2 189
-
2 286
-
pensions

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

3 154
-
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.

463
-
484
-
unemployment

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

519
-
543
-
surtax
4 036
-
4 216
-
total
10 361
-
10 823
-
Corporate
2 039
48 000
-
-
income
408
9 600
-
-
surtax
8
192
-
-
total
416
9 792
-
-
Dividends
1 622
38 208
-
-
withholding

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

305
11 281
-
-
total
305
11 281
-
-
Income
48 000
48 000
48 000
48 000
Total tax
28 537
21 073
29 182
25 240
After tax
19 463
26 927
18 818
22 760
Living cost
18 146
18 146
18 146
18 146
Free-cash
1 317
8 781
672
4 614

Estimated living cost  is ₴18146 per week

₴11688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
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.
₴4587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14372
₴7560
₴7608
₴10407
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
income
-
-
-
8 580
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
22 419
Employee
24 773
-
36 397
-
other
25
-
37
-
unemployment
384
-
564
-
pensions
1 164
-
1 710
-
income
5 227
-
8 552
-
total
6 800
-
10 863
-
Employer
24 773
-
36 397
-
pensions
5 846
-
8 590
-
accident
490
-
721
-
unemployment
1 363
-
2 002
-
other
197
-
291
-
total
7 896
-
11 604
-
Corporate
15 331
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.

2 300
7 200
-
-
total
2 300
7 200
-
-
Dividends
13 031
40 800
-
-
withholding
2 624
8 455
-
-
total
2 624
8 455
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 620
15 655
22 467
22 419
After tax
28 380
32 345
25 533
25 581
Living cost
17 973
17 973
17 973
17 973
Free-cash
10 407
14 372
7 560
7 608

Estimated living cost  is ₴17973 per week

₴13235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2385
₴2856
₴647
-₴917
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
communal
-
-
-
3 034
accident
-
-
-
405
income
-
-
-
3 920
surtax
-
-
-
2 380
health
-
-
-
3 373
pensions
-
-
-
7 195
total
-
-
-
20 307
Employee
37 688
-
42 876
-
pensions
3 015
-
3 430
-
surtax
2 310
-
2 627
-
income
3 640
-
5 010
-
health
1 677
-
1 908
-
total
10 642
-
12 975
-
Employer
37 688
-
42 876
-
health
1 149
-
1 307
-
pensions
3 015
-
3 430
-
accident
339
-
386
-
total
4 503
-
5 123
-
Corporate
5 808
48 000
-
-
communal
-
3 240
-
-
income
872
7 200
-
-
surtax
61
504
-
-
total
933
10 944
-
-
Dividends
4 875
37 055
-
-
income
5 062
2 067
-
-
withholding
731
5 558
-
-
total
5 793
7 625
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 871
18 569
18 098
20 307
After tax
26 129
29 431
29 902
27 693
Living cost
27 046
27 046
27 046
27 046
Free-cash
-917
2 385
2 856
647

Estimated living cost  is ₴27046 per week

₴20288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1639
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.
₴4832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19014
₴12770
₴13698
₴17431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
8 939
other
-
-
-
-
surtax
-
-
-
1 064
unemployment
-
-
-
113
health
-
-
-
3 408
pensions
-
-
-
9 600
total
-
-
-
23 124
Employee
16 760
-
39 653
-
other
-
-
-
-
unemployment
1 166
-
2 760
-
pensions
1 118
-
2 644
-
surtax
59
-
958
-
income
2 810
-
8 332
-
health
428
-
1 011
-
total
5 581
-
15 705
-
Employer
16 760
-
39 653
-
health
762
-
1 804
-
pensions
2 235
-
5 286
-
unemployment
532
-
1 257
-
other
-
-
-
-
total
3 529
-
8 347
-
Corporate
27 712
48 000
-
-
income
7 205
12 480
-
-
total
7 205
12 480
-
-
Dividends
20 507
35 520
-
-
withholding
3 076
5 328
-
-
total
3 076
5 328
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 391
17 808
24 052
23 124
After tax
28 609
30 192
23 948
24 876
Living cost
11 178
11 178
11 178
11 178
Free-cash
17 431
19 014
12 770
13 698

Estimated living cost  is ₴11178 per week

₴6749
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.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11824
₴8895
₴11166
₴10720
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
724
municipal
-
-
-
285
national
-
-
-
10 073
total
-
-
-
23 428
Employee
27 607
-
48 000
-
municipal
146
-
254
-
national
4 374
-
8 614
-
regional
372
-
645
-
social contributions
9 309
-
16 186
-
total
14 201
-
25 699
-
Employer
27 607
-
48 000
-
total
-
-
-
-
Corporate
20 393
48 000
-
-
municipal
1 013
2 386
-
-
nationa
4 894
11 520
-
-
total
5 907
13 906
-
-
Dividends
14 486
34 094
-
-
withholding
3 766
8 864
-
-
total
3 766
8 864
-
-
Income
48 000
48 000
48 000
48 000
Total tax
23 874
22 770
25 699
23 428
After tax
24 126
25 230
22 301
24 572
Living cost
13 406
13 406
13 406
13 406
Free-cash
10 720
11 824
8 895
11 166

Estimated living cost  is ₴13406 per week

₴8337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18009
₴9319
₴8339
₴12644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
4 126
social contributions
-
-
-
14 016
solidarity contribution
-
-
-
-
health
-
-
-
6 480
total
-
-
-
24 622
Employee
22 117
-
35 821
-
solidarity contribution
-
-
-
-
social contributions
1 438
-
2 328
-
income
2 654
-
4 299
-
health
2 986
-
4 836
-
total
7 078
-
11 463
-
Employer
22 117
-
35 821
-
health
1 990
-
3 224
-
social contributions
5 529
-
8 955
-
total
7 519
-
12 179
-
Corporate
18 363
48 000
-
-
income
3 489
9 120
-
-
total
3 489
9 120
-
-
Dividends
14 874
38 880
-
-
withholding
2 231
5 832
-
-
total
2 231
5 832
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 317
14 952
23 642
24 622
After tax
27 683
33 048
24 358
23 378
Living cost
15 039
15 039
15 039
15 039
Free-cash
12 644
18 009
9 319
8 339

Estimated living cost  is ₴15039 per week

₴11184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11111
-₴1069
₴8669
₴10867
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
7 657
surtax
-
-
-
-
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
192
health
-
-
-
3 672
pensions
-
-
-
8 880
total
-
-
-
23 453
Employee
21 755
19 833
37 273
-
other
217
198
373
-
unemployment
653
595
1 118
-
pensions
2 228
2 031
3 816
-
income
1 938
1 463
6 870
-
health
841
768
1 442
-
total
5 877
5 055
13 619
-
Employer
21 755
19 833
37 273
-
chamber of commerce
87
79
149
-
health
823
750
1 409
-
pensions
2 730
2 490
4 678
-
accident
282
258
484
-
unemployment
653
595
1 118
-
surtax
-
-
-
-
payroll
653
595
1 118
-
other
1 033
942
1 770
-
total
6 261
5 709
10 726
-
Corporate
19 985
22 459
35 384
-
income

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

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

4 996
5 615
8 846
-
total
4 996
5 615
8 846
-
Dividends
14 989
16 844
-
-
withholding
4 121
4 632
-
-
total
4 121
4 632
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 255
21 011
33 191
23 453
After tax
26 745
26 989
14 809
24 547
Living cost
15 878
15 878
15 878
15 878
Free-cash
10 867
11 111
-1 069
8 669

Estimated living cost  is ₴15878 per week

₴9525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39351
₴32151
₴41271
₴38180
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 811
-
48 000
-
income
1 562
-
9 600
-
total
1 562
-
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%.

40 189
48 000
-
-
total
-
-
-
-
Dividends
40 189
48 000
-
-
withholding
2 009
2 400
-
-
total
2 009
2 400
-
-
Income
48 000
48 000
48 000
48 000
Total tax
3 571
2 400
9 600
480
After tax
44 429
45 600
38 400
47 520
Living cost
6 249
6 249
6 249
6 249
Free-cash
38 180
39 351
32 151
41 271

Estimated living cost  is ₴6249 per week

₴4229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19699
₴10186
₴11563
₴15537
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
48 000
income
-
-
-
9 527
unemployment
-
-
-
72
health
-
-
-
4 723
pensions
-
-
-
8 766
total
-
-
-
23 088
Employee

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

22 007
-
41 533
-
unemployment
31
-
59
-
pensions
3 411
-
6 437
-
income
3 795
-
8 819
-
health
1 421
-
2 683
-
total
8 658
-
17 998
-
Employer

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

22 007
-
41 533
-
health
1 466
-
2 766
-
pensions
1 947
-
3 676
-
unemployment
13
-
25
-
total
3 426
-
6 467
-
Corporate
22 566
48 000
-
-
income
4 288
9 120
-
-
total
4 288
9 120
-
-
Dividends
18 279
38 880
-
-
withholding
2 742
5 832
-
-
total
2 742
5 832
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 114
14 952
24 465
23 088
After tax
28 886
33 048
23 535
24 912
Living cost
13 349
13 349
13 349
13 349
Free-cash
15 537
19 699
10 186
11 563

Estimated living cost  is ₴13349 per week

₴9161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7945
₴20261
₴11914
-₴25460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
9 356
social contributions
-
-
-
5 472
total
-
-
-
14 828
Employee
30 481
-
-
-
social contributions
2 499
-
356
-
income
6 724
-
-
-
total
9 223
-
356
-
Employer
30 481
-
-
-
social contributions
42 979
-
6 125
-
total
42 979
-
6 125
-
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
52 202
18 797
6 481
14 828
After tax
-4 202
29 203
41 519
33 172
Living cost
21 258
21 258
21 258
21 258
Free-cash
-25 460
7 945
20 261
11 914

Estimated living cost  is ₴21258 per week

₴13793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1999
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11693
₴8980
₴11316
₴11191
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
48 000
income
-
-
-
4 394
surtax
-
-
-
-
social contributions

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

-
-
-
16 680
total
-
-
-
21 074
Employee
22 889
-
38 788
-
surtax
-
-
-
-
social contributions
2 518
-
4 267
-
income
4 761
-
9 931
-
total
7 279
-
14 198
-
Employer
22 889
-
38 788
-
social contributions
5 436
-
9 212
-
total
5 436
-
9 212
-
Corporate
19 675
48 000
-
-
income
4 132
10 080
-
-
surtax
-
-
-
-
total
4 132
10 080
-
-
Dividends
15 543
37 920
-
-
withholding
4 352
10 617
-
-
total
4 352
10 617
-
-
Income
48 000
48 000
48 000
48 000
Total tax
21 199
20 697
23 410
21 074
After tax
26 801
27 303
24 590
26 926
Living cost
15 610
15 610
15 610
15 610
Free-cash
11 191
11 693
8 980
11 316

Estimated living cost  is ₴15610 per week

₴11680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴155
₴3241
₴3654
₴3574
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
4 321
other
-
-
-
1 490
surtax
-
-
-
-
social contributions
-
-
-
1 368
health
-
-
-
791
pensions
-
-
-
12 339
total
-
-
-
20 309
Employee
31 170
-
36 577
-
pensions
3 526
-
4 137
-
surtax
-
-
-
-
social contributions
888
-
1 042
-
income
2 720
-
4 120
-
total
7 134
-
9 299
-
Employer
31 170
-
36 577
-
health
2 182
-
2 560
-
pensions
5 122
-
6 009
-
unemployment
1 263
-
1 482
-
social contributions
93
-
110
-
other
1 076
-
1 262
-
total
9 736
-
11 423
-
Corporate
7 094
48 000
-
-
income
1 986
13 440
-
-
surtax
-
-
-
-
total
1 986
13 440
-
-
Dividends
5 108
34 560
-
-
surtax
-
-
-
-
social contributions
879
5 944
-
-
withholding
654
4 424
-
-
total
1 533
10 368
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 389
23 808
20 722
20 309
After tax
27 611
24 192
27 278
27 691
Living cost
24 037
24 037
24 037
24 037
Free-cash
3 574
155
3 241
3 654

Estimated living cost  is ₴24037 per week

₴16268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28240
₴23035
₴21741
₴26568
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
739
social contributions
-
-
-
10 560
total
-
-
-
11 299
Employee
16 000
-
41 559
-
income
-
-
863
-
social contributions
1 040
-
2 701
-
total
1 040
-
3 564
-
Employer
16 000
-
41 559
-
social contributions
2 480
-
6 441
-
total
2 480
-
6 441
-
Corporate
29 520
48 000
-
-
income
2 952
4 800
-
-
total
2 952
4 800
-
-
Dividends
26 568
43 200
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
6 472
4 800
10 005
11 299
After tax
41 528
43 200
37 995
36 701
Living cost
14 960
14 960
14 960
14 960
Free-cash
26 568
28 240
23 035
21 741

Estimated living cost  is ₴14960 per week

₴9673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴60427
-₴60427
₴5912
-₴60427
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
labour market
-
-
-
3 805
municipal
-
-
-
8 821
national
-
-
-
5 064
pensions
-
-
-
431
total
-
-
-
18 121
Employee
101 158
101 158
101 158
-
municipal
21 541
21 541
21 541
-
labour market
8 081
8 081
8 081
-
pensions
144
144
144
-
national
12 358
12 358
12 358
-
total
42 124
42 124
42 124
-
Employer
101 158
101 158
101 158
-
national
12 380
12 380
12 380
-
labour market
8 093
8 093
8 093
-
pensions
288
288
288
-
municipal
21 575
21 575
21 575
-
total
42 336
42 336
42 336
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
48 000
48 000
48 000
48 000
Total tax
84 460
84 460
84 460
18 121
After tax
-36 460
-36 460
-36 460
29 879
Living cost
23 967
23 967
23 967
23 967
Free-cash
-60 427
-60 427
-60 427
5 912

Estimated living cost  is ₴23967 per week

₴16403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴7059
₴13685
₴22014
₴2209
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
11 522
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
15 039
Employee
17 220
-
40 757
-
pensions
1 939
-
3 853
-
income
2 362
-
7 604
-
health
1 972
-
4 667
-
total
6 273
-
16 124
-
Employer
17 220
-
40 757
-
pensions
2 800
-
5 564
-
accident
288
-
681
-
unemployment
422
-
999
-
total
3 510
-
7 244
-
Corporate
27 271
48 000
-
-
income

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

24 543
43 200
-
-
total
24 543
43 200
-
-
Dividends
2 727
4 800
-
-
withholding
518
912
-
-
total
518
912
-
-
Income
48 000
48 000
48 000
48 000
Total tax
34 844
44 112
23 368
15 039
After tax
13 156
3 888
24 632
32 961
Living cost
10 947
10 947
10 947
10 947
Free-cash
2 209
-7 059
13 685
22 014

Estimated living cost  is ₴10947 per week

₴7968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
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.
₴2149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12944
₴8415
₴15175
₴11678
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
48 000
health
-
-
-
532
municipal
-
-
-
8 544
national
-
-
-
4 642
total
-
-
-
13 718
Employee
26 184
-
40 380
-
municipal
4 289
-
6 594
-
unemployment
393
-
605
-
pensions
1 767
-
2 726
-
national
433
-
2 517
-
health
195
-
415
-
total
7 077
-
12 857
-
Employer
26 184
-
40 380
-
health
201
-
311
-
pensions
4 543
-
7 006
-
accident
26
-
41
-
unemployment
170
-
263
-
total
4 940
-
7 621
-
Corporate
16 876
48 000
-
-
income
3 375
9 600
-
-
total
3 375
9 600
-
-
Dividends

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

10 125
28 800
-
-
municipal
1 823
5 184
-
-
national
-
1 165
-
-
total
1 823
6 349
-
-
Income
48 000
48 000
48 000
48 000
Total tax
17 215
15 949
20 478
13 718
After tax
30 785
32 051
27 522
34 282
Living cost
19 107
19 107
19 107
19 107
Free-cash
11 678
12 944
8 415
15 175

Estimated living cost  is ₴19107 per week

₴12481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴23622
₴22721
₴22769
₴20913
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
4 996
social contributions
-
-
-
7 488
health
-
-
-
1 224
total
-
-
-
13 708
Employee
38 269
38 269
43 576
-
social contributions
1 447
3 176
3 617
-
income
4 167
3 543
4 975
-
health
297
651
740
-
total
5 911
7 370
9 332
-
Employer
38 269
38 269
43 576
-
health
322
708
807
-
social contributions
1 447
3 176
3 617
-
total
1 769
3 884
4 424
-
Corporate
28 798
5 847
-
-
income
3 600
731
-
-
total
3 600
731
-
-
Dividends
25 198
5 116
-
-
withholding
4 284
870
-
-
total
4 284
870
-
-
Income
48 000
48 000
48 000
48 000
Total tax
15 564
12 855
13 756
13 708
After tax
32 436
35 145
34 244
34 292
Living cost
11 523
11 523
11 523
11 523
Free-cash
20 913
23 622
22 721
22 769

Estimated living cost  is ₴11523 per week

₴6906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31846
₴21711
₴30561
₴29314
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
48 000
income
-
-
-
4 556
unemployment
-
-
-
14
health
-
-
-
1 801
pensions
-
-
-
3 166
total
-
-
-
9 537
Employee

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

11 423
-
43 519
-
unemployment
57
-
217
-
pensions
1 713
-
6 528
-
income
781
-
3 462
-
health
971
-
3 699
-
total
3 522
-
13 906
-
Employer

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

11 423
-
43 519
-
health
491
-
1 871
-
pensions
628
-
2 393
-
unemployment
57
-
217
-
total
1 176
-
4 481
-
Corporate
35 401
48 000
-
-
income
3 187
4 320
-
-
total
3 187
4 320
-
-
Dividends
32 214
43 680
-
-
withholding
2 899
3 932
-
-
total
2 899
3 932
-
-
Income
48 000
48 000
48 000
48 000
Total tax
10 784
8 252
18 387
9 537
After tax
37 216
39 748
29 613
38 463
Living cost
7 902
7 902
7 902
7 902
Free-cash
29 314
31 846
21 711
30 561

Estimated living cost  is ₴7902 per week

₴5041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴569
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.
₴2055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18660
₴11848
₴11896
₴16051
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
income
-
-
-
8 580
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
22 419
Employee
18 402
-
36 397
-
other
18
-
37
-
unemployment
285
-
564
-
pensions
865
-
1 710
-
income
3 548
-
8 552
-
total
4 716
-
10 863
-
Employer
18 402
-
36 397
-
pensions
4 342
-
8 590
-
accident
365
-
721
-
unemployment
1 012
-
2 002
-
other
147
-
291
-
total
5 866
-
11 604
-
Corporate
23 731
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.

3 560
7 200
-
-
total
3 560
7 200
-
-
Dividends
20 172
40 800
-
-
withholding
4 122
8 455
-
-
total
4 122
8 455
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 264
15 655
22 467
22 419
After tax
29 736
32 345
25 533
25 581
Living cost
13 685
13 685
13 685
13 685
Free-cash
16 051
18 660
11 848
11 896

Estimated living cost  is ₴13685 per week

₴9237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1316
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.
₴2893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28944
₴29528
₴29600
₴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
income
-
-
-
16 124
health
-
-
-
533
pensions
-
-
-
735
total
-
-
-
17 392
Employee
1 535
-
47 173
-
unemployment
15
-
37
-
pensions
138
-
331
-
income
297
-
16 085
-
health
77
-
184
-
total
527
-
16 637
-
Employer
1 535
-
47 173
-
health
146
-
349
-
pensions
169
-
404
-
unemployment
31
-
74
-
total
346
-
827
-
Corporate
46 119
48 000
-
-
income
10 146
10 560
-
-
total
10 146
10 560
-
-
Dividends
35 973
37 440
-
-
withholding
7 195
7 488
-
-
total
7 195
7 488
-
-
Income
48 000
48 000
48 000
48 000
Total tax
18 214
18 048
17 464
17 392
After tax
29 786
29 952
30 536
30 608
Living cost
1 008
1 008
1 008
1 008
Free-cash
28 778
28 944
29 528
29 600

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26090
₴16602
₴16600
₴23646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
48 000
income
-
-
-
8 932
unemployment
-
-
-
551
health
-
-
-
3 781
pensions
-
-
-
9 545
total
-
-
-
22 809
Employee

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

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

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

12 954
-
41 429
-
unemployment
97
-
275
-
pensions
1 814
-
5 139
-
income
1 786
-
8 932
-
health
667
-
1 891
-
total
4 364
-
16 237
-
Employer

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

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

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

12 954
-
41 429
-
health
667
-
1 891
-
pensions
1 554
-
4 405
-
unemployment
97
-
275
-
total
2 318
-
6 571
-
Corporate
32 727
48 000
-
-
income
4 909
7 200
-
-
total
4 909
7 200
-
-
Dividends
27 818
40 800
-
-
withholding
4 173
6 120
-
-
total
4 173
6 120
-
-
Income
48 000
48 000
48 000
48 000
Total tax
15 764
13 320
22 808
22 809
After tax
32 236
34 680
25 192
25 191
Living cost
8 590
8 590
8 590
8 590
Free-cash
23 646
26 090
16 602
16 600

Estimated living cost  is ₴8590 per week

₴5784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴664
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13886
₴11173
₴13509
₴13707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
48 000
income
-
-
-
4 394
surtax
-
-
-
-
social contributions

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

-
-
-
16 680
total
-
-
-
21 074
Employee
19 316
-
38 788
-
surtax
-
-
-
-
social contributions
2 125
-
4 267
-
income
3 774
-
9 931
-
total
5 899
-
14 198
-
Employer
19 316
-
38 788
-
social contributions
4 587
-
9 212
-
total
4 587
-
9 212
-
Corporate
24 097
48 000
-
-
income
5 060
10 080
-
-
surtax
-
-
-
-
total
5 060
10 080
-
-
Dividends
19 037
37 920
-
-
withholding
5 330
10 617
-
-
total
5 330
10 617
-
-
Income
48 000
48 000
48 000
48 000
Total tax
20 876
20 697
23 410
21 074
After tax
27 124
27 303
24 590
26 926
Living cost
13 417
13 417
13 417
13 417
Free-cash
13 707
13 886
11 173
13 509

Estimated living cost  is ₴13417 per week

₴9503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴932
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.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14855
₴8043
₴8091
₴11060
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
416
income
-
-
-
8 580
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
22 419
Employee
24 035
-
36 397
-
other
24
-
37
-
unemployment
372
-
564
-
pensions
1 130
-
1 710
-
income
5 020
-
8 552
-
total
6 546
-
10 863
-
Employer
24 035
-
36 397
-
pensions
5 672
-
8 590
-
accident
476
-
721
-
unemployment
1 322
-
2 002
-
other
193
-
291
-
total
7 663
-
11 604
-
Corporate
16 301
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.

2 445
7 200
-
-
total
2 445
7 200
-
-
Dividends
13 856
40 800
-
-
withholding
2 796
8 455
-
-
total
2 796
8 455
-
-
Income
48 000
48 000
48 000
48 000
Total tax
19 450
15 655
22 467
22 419
After tax
28 550
32 345
25 533
25 581
Living cost
17 490
17 490
17 490
17 490
Free-cash
11 060
14 855
8 043
8 091

Estimated living cost  is ₴17490 per week

₴12561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32481
₴29057
₴27600
₴29448
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
7 200
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
11 841
Employee
11 334
-
44 590
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
pensions

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

995
-
1 526
-
income
1 134
-
4 459
-
health
521
-
799
-
total
2 775
-
6 975
-
Employer
11 334
-
44 590
-
health
782
-
1 199
-
pensions

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

1 249
-
1 915
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
unemployment
68
-
104
-
total
2 224
-
3 409
-
Corporate
34 443
48 000
-
-
income
3 444
4 800
-
-
total
3 444
4 800
-
-
Dividends
30 999
43 200
-
-
withholding
1 550
2 160
-
-
total
1 550
2 160
-
-
Income
48 000
48 000
48 000
48 000
Total tax
9 993
6 960
10 384
11 841
After tax
38 007
41 040
37 616
36 159
Living cost
8 559
8 559
8 559
8 559
Free-cash
29 448
32 481
29 057
27 600

Estimated living cost  is ₴8559 per week

₴5661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5554
₴15170
₴11602
₴12063
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
48 000
income

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

-
-
-
9 683
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.

-
-
-
533
health

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

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

-
-
-
3 400
trade
-
-
-
3 568
total
-
-
-
17 184
Employee

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

24 762
-
48 000
-
surtax

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

112
-
533
-
income

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

2 036
-
9 683
-
health

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

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

3 400
-
3 400
-
total
5 548
-
13 616
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
23 238
48 000
-
-
income
3 486
7 200
-
-
surtax

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

192
396
-
-
chamber of commerce
110
146
-
-
trade
3 335
6 888
-
-
total
7 123
14 630
-
-
Dividends
16 116
33 370
-
-
surtax

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

212
449
-
-
withholding
3 840
8 153
-
-
total
4 052
8 602
-
-
Income
48 000
48 000
48 000
48 000
Total tax
16 723
23 232
13 616
17 184
After tax
31 277
24 768
34 384
30 816
Living cost
19 214
19 214
19 214
19 214
Free-cash
12 063
5 554
15 170
11 602

Estimated living cost  is ₴19214 per week

₴13254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴5250
₴4444
₴4444
₴6348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 974
social contributions
-
-
-
4 232
total
-
-
-
15 206
Employee
38 929
-
48 000
-
income
7 346
-
10 974
-
social contributions
3 234
-
4 232
-
total
10 580
-
15 206
-
Employer
38 929
-
48 000
-
total
-
-
-
-
Corporate
9 071
48 000
-
-
income
1 134
6 000
-
-
total
1 134
6 000
-
-
Dividends
7 936
42 000
-
-
withholding
1 588
8 400
-
-
total
1 588
8 400
-
-
Income
48 000
48 000
48 000
48 000
Total tax
13 302
14 400
15 206
15 206
After tax
34 698
33 600
32 794
32 794
Living cost
28 350
28 350
28 350
28 350
Free-cash
6 348
5 250
4 444
4 444

Estimated living cost  is ₴28350 per week

₴21568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details 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
₴10505
₴17159
₴12751
₴12643
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
48 000
income
-
-
-
14 166
health

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

-
-
-
3 017
total
-
-
-
17 183
Employee
22 830
-
45 711
-
income
2 477
-
8 197
-
social contributions
2 287
-
2 289
-
total
4 764
-
10 486
-
Employer
22 830
-
45 711
-
social contributions
2 287
-
2 289
-
total
2 287
-
2 289
-
Corporate
22 882
48 000
-
-
income
8 009
16 800
-
-
total
8 009
16 800
-
-
Dividends
14 873
31 200
-
-
social contributions
2 231
2 629
-
-
total
2 231
2 629
-
-
Income
48 000
48 000
48 000
48 000
Total tax
17 291
19 429
12 775
17 183
After tax
30 709
28 571
35 225
30 817
Living cost
18 066
18 066
18 066
18 066
Free-cash
12 643
10 505
17 159
12 751

Estimated living cost  is ₴18066 per week

₴11900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
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.
₴4464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17221
₴11653
₴16452
₴14692
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 000
income
-
-
-
9 592
pensions
-
-
-
3 490
total
-
-
-
13 082
Employee
25 347
-
42 297
-
pensions
1 935
-
3 969
-
income
4 616
-
7 530
-
health
331
-
678
-
total
6 882
-
12 177
-
Employer
25 347
-
42 297
-
health
482
-
804
-
pensions
2 561
-
4 900
-
total
3 043
-
5 704
-
Corporate
19 610
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.

3 726
9 120
-
-
total
3 726
9 120
-
-
Dividends
15 884
38 880
-
-
withholding
1 191
3 193
-
-
total
1 191
3 193
-
-
Income
48 000
48 000
48 000
48 000
Total tax
14 842
12 313
17 881
13 082
After tax
33 158
35 687
30 119
34 918
Living cost
18 466
18 466
18 466
18 466
Free-cash
14 692
17 221
11 653
16 452

Estimated living cost  is ₴18466 per week

₴12668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴8143
₴12601
₴20930
₴2042
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
11 522
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
15 039
Employee
18 925
-
40 757
-
pensions
2 131
-
3 853
-
income
2 596
-
7 604
-
health
2 167
-
4 667
-
total
6 894
-
16 124
-
Employer
18 925
-
40 757
-
pensions
3 077
-
5 564
-
accident
316
-
681
-
unemployment
464
-
999
-
total
3 857
-
7 244
-
Corporate
25 219
48 000
-
-
income

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

22 697
43 200
-
-
total
22 697
43 200
-
-
Dividends
2 522
4 800
-
-
withholding
479
912
-
-
total
479
912
-
-
Income
48 000
48 000
48 000
48 000
Total tax
33 927
44 112
23 368
15 039
After tax
14 073
3 888
24 632
32 961
Living cost
12 031
12 031
12 031
12 031
Free-cash
2 042
-8 143
12 601
20 930

Estimated living cost  is ₴12031 per week

₴8829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴33668
₴23016
₴20762
₴31656
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
48 000
income
-
-
-
7 314
unemployment
-
-
-
576
work injury
-
-
-
240
health insurance
-
-
-
3 552
pensions
-
-
-
8 832
total
-
-
-
20 514
Employee

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

10 758
-
48 000
-
health insurance
796
-
2 945
-
unemployment
129
-
478
-
work injury
54
-
199
-
pensions
1 979
-
7 324
-
income
1 076
-
7 314
-
total
4 034
-
18 260
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 242
48 000
-
-
income

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

-
480
-
-
total
-
480
-
-
Dividends
37 242
47 520
-
-
withholding
5 586
7 128
-
-
total
5 586
7 128
-
-
Income
48 000
48 000
48 000
48 000
Total tax
9 620
7 608
18 260
20 514
After tax
38 380
40 392
29 740
27 486
Living cost
6 724
6 724
6 724
6 724
Free-cash
31 656
33 668
23 016
20 762

Estimated living cost  is ₴6724 per week

₴4165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₴5457
₴2297
₴4492
₴3194
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
942
municipal
-
-
-
321
national
-
-
-
10 073
total
-
-
-
23 682
Employee
41 937
-
48 000
-
municipal
250
-
286
-
national
7 087
-
8 614
-
regional
633
-
791
-
social contributions
14 141
-
16 186
-
total
22 111
-
25 877
-
Employer
41 937
-
48 000
-
total
-
-
-
-
Corporate
6 063
48 000
-
-
municipal
292
2 314
-
-
nationa
1 455
11 520
-
-
total
1 747
13 834
-
-
Dividends
4 316
34 166
-
-
withholding
1 122
8 883
-
-
total
1 122
8 883
-
-
Income
48 000
48 000
48 000
48 000
Total tax
24 980
22 717
25 877
23 682
After tax
23 020
25 283
22 123
24 318
Living cost
19 826
19 826
19 826
19 826
Free-cash
3 194
5 457
2 297
4 492

Estimated living cost  is ₴19826 per week

₴13927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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