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
₴ 48500
per

Your estimated
City
free-cash

Dresden , Germany
₴11533
₴16270
₴15436
₴19938
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 500
trade
-
-
-
4 502
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.

-
-
-
12 003
health

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

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

-
-
-
2 926
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.

-
-
-
660
total
-
-
-
20 091
Employee

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

16 382
-
48 500
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
660
-
income

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

458
-
12 003
-
total
3 409
-
15 589
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 118
48 500
-
-
surtax

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

265
400
-
-
income
4 817
7 275
-
-
trade
5 059
7 639
-
-
chamber of commerce
111
135
-
-
total
10 252
15 449
-
-
Dividends
21 865
33 052
-
-
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.

292
445
-
-
withholding
5 304
8 100
-
-
total
5 596
8 545
-
-
Income
48 500
48 500
48 500
48 500
Total tax
19 257
23 994
15 589
20 091
After tax
29 243
24 506
32 911
28 409
Living cost
12 973
12 973
12 973
12 973
Free-cash
16 270
11 533
19 938
15 436

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
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.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴8621
₴8260
₴7452
₴7832
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
municipal
-
-
-
5 124
pensions
-
-
-
5 820
national
-
-
-
7 940
social contributions
-
-
-
521
total
-
-
-
19 405
Employee
33 550
-
41 928
-
municipal
4 144
-
5 312
-
pensions
1 342
-
1 677
-
national
6 422
-
8 231
-
total
11 908
-
15 220
-
Employer
33 550
-
41 928
-
social contributions
361
-
451
-
pensions
2 684
-
3 354
-
total
3 045
-
3 805
-
Corporate
9 690
48 500
-
-
income

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

1 938
9 700
-
-
total
1 938
9 700
-
-
Dividends
7 752
38 800
-
-
withholding
1 706
8 536
-
-
total
1 706
8 536
-
-
Income
48 500
48 500
48 500
48 500
Total tax
18 597
18 236
19 025
19 405
After tax
29 903
30 264
29 475
29 095
Living cost
21 643
21 643
21 643
21 643
Free-cash
8 260
8 621
7 832
7 452

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29889
₴26375
₴16915
₴18361
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 500
microenterprise
-
-
-
-
income
-
-
-
7 081
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.

-
-
-
15 593
total
-
-
-
22 674
Employee
12 515
-
39 084
-
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.

1 377
-
4 299
-
surtax
-
-
-
-
income
2 228
-
7 513
-
total
3 605
-
11 812
-
Employer
12 515
-
39 084
-
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.

3 015
-
9 416
-
surtax
-
-
-
-
total
3 015
-
9 416
-
Corporate
32 970
48 500
-
-
income

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

6 594
9 700
-
-
total
6 594
9 700
-
-
Dividends

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

26 376
38 800
-
-
total
-
-
-
-
Income
48 500
48 500
48 500
48 500
Total tax
13 214
9 700
21 228
22 674
After tax
35 286
38 800
27 272
25 826
Living cost
8 911
8 911
8 911
8 911
Free-cash
26 375
29 889
18 361
16 915

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5668
₴3044
₴9727
₴7283
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
10 530
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
20 830
Employee
36 576
36 576
41 273
-
health
5 614
4 775
5 043
-
income

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

5 987
5 987
5 987
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
16 048
-
Employer
36 576
36 576
41 273
-
unemployment
1 317
1 317
1 486
-
pensions
2 546
2 546
2 872
-
health
2 542
2 542
2 868
-
total
6 405
6 405
7 226
-
Corporate
5 968
5 519
-
-
income
1 193
1 104
-
-
total
1 193
1 104
-
-
Dividends
4 774
4 415
-
-
income
1 014
938
-
-
withholding
716
662
-
-
total
1 730
1 600
-
-
Income
48 500
48 500
48 500
48 500
Total tax
27 513
24 889
23 274
20 830
After tax
20 987
23 611
25 226
27 670
Living cost
17 943
17 943
17 943
17 943
Free-cash
3 044
5 668
7 283
9 727

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9933
₴9562
₴9365
₴8919
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
municipal
-
-
-
11 330
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
750
total
-
-
-
22 587
Employee
23 580
-
37 105
-
municipal
7 032
-
11 065
-
national
-
-
572
-
total
7 032
-
11 637
-
Employer
23 580
-
37 105
-
accident
47
-
73
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 408
-
11 396
-
Corporate
17 511
48 500
-
-
income
3 852
10 670
-
-
total
3 852
10 670
-
-
Dividends
13 659
37 830
-
-
withholding
4 098
11 349
-
-
total
4 098
11 349
-
-
Income
48 500
48 500
48 500
48 500
Total tax
22 390
22 019
23 033
22 587
After tax
26 110
26 481
25 467
25 913
Living cost
16 548
16 548
16 548
16 548
Free-cash
9 562
9 933
8 919
9 365

Estimated living cost  is ₴16548 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7431
₴13450
₴11383
₴16085
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 500
trade
-
-
-
4 702
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.

-
-
-
12 003
health

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

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

-
-
-
2 926
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.

-
-
-
660
total
-
-
-
20 291
Employee

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

21 721
-
48 500
-
health

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

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

2 926
-
2 926
-
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.

102
-
660
-
income

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

1 866
-
12 003
-
total
4 894
-
15 589
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 779
48 500
-
-
surtax

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

221
400
-
-
income
4 017
7 275
-
-
trade
4 405
7 978
-
-
chamber of commerce
103
134
-
-
total
8 746
15 787
-
-
Dividends
18 033
32 713
-
-
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
441
-
-
withholding
4 345
8 015
-
-
total
4 584
8 456
-
-
Income
48 500
48 500
48 500
48 500
Total tax
18 224
24 243
15 589
20 291
After tax
30 276
24 257
32 911
28 209
Living cost
16 826
16 826
16 826
16 826
Free-cash
13 450
7 431
16 085
11 383

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21577
₴19801
₴20185
₴19693
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
6 256
health
-
-
-
1 237
social contributions
-
-
-
6 930
total
-
-
-
14 423
Employee
32 935
32 935
44 031
-
social contributions
1 600
2 733
3 654
-
health
328
560
749
-
income
3 458
3 049
6 044
-
total
5 386
6 342
10 447
-
Employer
32 935
32 935
44 031
-
social contributions
1 600
2 733
3 654
-
health
357
610
814
-
total
1 957
3 343
4 468
-
Corporate
27 264
12 222
-
-
income
3 408
1 528
-
-
total
3 408
1 528
-
-
Dividends
23 856
10 694
-
-
withholding
4 056
1 818
-
-
total
4 056
1 818
-
-
Income
48 500
48 500
48 500
48 500
Total tax
14 807
13 031
14 915
14 423
After tax
33 693
35 469
33 585
34 077
Living cost
13 892
13 892
13 892
13 892
Free-cash
19 801
21 577
19 693
20 185

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19518
₴19681
₴25816
₴20332
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
5 929
pensions
-
-
-
4 850
unemployment
-
-
-
727
health
-
-
-
3 395
total
-
-
-
14 901
Employee

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

The minimum wage is 138,000 HUF per month.

11 234
4 471
40 586
-
health
786
313
2 841
-
income
1 373
547
4 962
-
pensions
1 123
447
4 059
-
unemployment
169
67
609
-
total
3 451
1 374
12 471
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 234
4 471
40 586
-
pensions
2 191
872
7 914
-
total
2 191
872
7 914
-
Corporate
35 075
43 157
-
-
income
3 157
3 884
-
-
total
3 157
3 884
-
-
Dividends
31 918
39 273
-
-
social contributions
6 173
7 607
-
-
withholding
6 064
7 462
-
-
total
12 237
15 069
-
-
Income
48 500
48 500
48 500
48 500
Total tax
21 036
21 199
20 385
14 901
After tax
27 464
27 301
28 115
33 599
Living cost
7 783
7 783
7 783
7 783
Free-cash
19 681
19 518
20 332
25 816

Estimated living cost  is ₴7783 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28455
₴25794
₴15651
₴17611
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
6 499
pensions
-
-
-
9 700
health
-
-
-
6 305
total
-
-
-
22 504
Employee
12 151
-
36 247
-
income
1 368
-
6 988
-
pensions
243
-
725
-
unemployment
194
-
580
-
total
1 805
-
8 293
-
Employer
12 151
-
36 247
-
unemployment
98
-
290
-
pensions
2 430
-
7 249
-
health
1 579
-
4 712
-
total
4 107
-
12 251
-
Corporate
32 242
48 500
-
-
income
6 449
9 700
-
-
total
6 449
9 700
-
-
Dividends
25 794
38 800
-
-
total
-
-
-
-
Income
48 500
48 500
48 500
48 500
Total tax
12 361
9 700
20 544
22 504
After tax
36 139
38 800
27 956
25 996
Living cost
10 345
10 345
10 345
10 345
Free-cash
25 794
28 455
17 611
15 651

Estimated living cost  is ₴10345 per week

₴7096
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.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5438
₴2492
₴23884
₴16046
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
accident
-
-
-
108
income
-
-
-
12 285
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
15 250
Employee
14 734
-
42 076
-
health
1 687
-
4 818
-
income
2 021
-
8 597
-
pensions
1 659
-
3 248
-
total
5 367
-
16 663
-
Employer
14 734
-
42 076
-
accident
246
-
703
-
unemployment
361
-
1 031
-
pensions
2 396
-
4 691
-
total
3 003
-
6 425
-
Corporate
30 763
48 500
-
-
income

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

27 687
43 650
-
-
total
27 687
43 650
-
-
Dividends
3 076
4 850
-
-
withholding
585
922
-
-
total
585
922
-
-
Income
48 500
48 500
48 500
48 500
Total tax
36 642
44 572
23 088
15 250
After tax
11 858
3 928
25 412
33 250
Living cost
9 366
9 366
9 366
9 366
Free-cash
2 492
-5 438
16 046
23 884

Estimated living cost  is ₴9366 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴195
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42222
₴41500
₴44162
₴34947
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
48 500
microenterprise

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

-
-
-
485
total
-
-
-
485
Employee
4 817
-
48 500
-
income
963
-
9 700
-
total
963
-
9 700
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

43 683
48 500
-
-
total
-
-
-
-
Dividends
43 683
48 500
-
-
withholding
2 184
2 425
-
-
total
2 184
2 425
-
-
Income
48 500
48 500
48 500
48 500
Total tax
3 147
2 425
9 700
485
After tax
45 353
46 075
38 800
48 015
Living cost
3 853
3 853
3 853
3 853
Free-cash
41 500
42 222
34 947
44 162

Estimated living cost  is ₴3853 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24220
₴21329
₴14716
₴16721
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
6 294
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.

-
-
-
11 640
other
-
-
-
2 303
health
-
-
-
2 134
total
-
-
-
22 371
Employee
15 552
-
38 738
-
health
218
-
542
-
income
2 677
-
6 962
-
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.

1 088
-
2 712
-
unemployment
155
-
388
-
total
4 138
-
10 604
-
Employer
15 552
-
38 738
-
accident
124
-
310
-
other
778
-
1 937
-
unemployment
155
-
388
-
pensions

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

2 644
-
6 585
-
health
218
-
542
-
total
3 919
-
9 762
-
Corporate
29 029
48 500
-
-
income
6 096
10 185
-
-
total
6 096
10 185
-
-
Dividends
22 933
38 315
-
-
withholding
1 605
2 682
-
-
total
1 605
2 682
-
-
Income
48 500
48 500
48 500
48 500
Total tax
15 758
12 867
20 366
22 371
After tax
32 742
35 633
28 134
26 129
Living cost
11 413
11 413
11 413
11 413
Free-cash
21 329
24 220
16 721
14 716

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5936
₴1691
₴5460
₴1006
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
10 972
pensions
-
-
-
3 323
total
-
-
-
14 295
Employee
40 669
-
42 620
-
health
670
-
710
-
income
7 331
-
8 002
-
pensions
3 923
-
4 157
-
total
11 924
-
12 869
-
Employer
40 669
-
42 620
-
pensions
4 802
-
5 071
-
health
772
-
809
-
total
5 574
-
5 880
-
Corporate
2 256
48 500
-
-
income

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

429
9 215
-
-
total
429
9 215
-
-
Dividends
1 827
39 285
-
-
withholding
137
4 604
-
-
total
137
4 604
-
-
Income
48 500
48 500
48 500
48 500
Total tax
18 064
13 819
18 749
14 295
After tax
30 436
34 681
29 751
34 205
Living cost
28 745
28 745
28 745
28 745
Free-cash
1 691
5 936
1 006
5 460

Estimated living cost  is ₴28745 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴35848
₴33858
₴31608
₴33219
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
7 275
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
11 273
Employee
7 440
-
45 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
4 556
-
pensions

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

653
-
1 314
-
total
1 821
-
6 724
-
Employer
7 440
-
45 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
39 600
48 500
-
-
income
3 960
4 850
-
-
total
3 960
4 850
-
-
Dividends
35 640
43 650
-
-
withholding
1 782
2 183
-
-
total
1 782
2 183
-
-
Income
48 500
48 500
48 500
48 500
Total tax
9 023
7 033
9 662
11 273
After tax
39 477
41 467
38 838
37 227
Living cost
5 619
5 619
5 619
5 619
Free-cash
33 858
35 848
33 219
31 608

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴140
₴938
₴3919
₴1475
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
10 530
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
20 830
Employee
39 710
36 576
41 273
-
health
4 954
4 775
5 043
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
16 048
-
Employer
39 710
36 576
41 273
-
unemployment
1 430
1 317
1 486
-
pensions
2 764
2 546
2 872
-
health
2 759
2 542
2 868
-
total
6 953
6 405
7 226
-
Corporate
1 837
5 519
-
-
income
367
1 104
-
-
total
367
1 104
-
-
Dividends
1 470
4 415
-
-
income
312
938
-
-
withholding
220
662
-
-
total
532
1 600
-
-
Income
48 500
48 500
48 500
48 500
Total tax
23 811
24 889
23 274
20 830
After tax
24 689
23 611
25 226
27 670
Living cost
23 751
23 751
23 751
23 751
Free-cash
938
-140
1 475
3 919

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23134
₴19474
₴13363
₴14355
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
4 169
health
-
-
-
6 548
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 162
total
-
-
-
24 879
Employee
15 086
-
36 194
-
social contributions
981
-
2 353
-
health
2 037
-
4 886
-
solidarity contribution
-
-
-
-
income
1 810
-
4 343
-
total
4 828
-
11 582
-
Employer
15 086
-
36 194
-
social contributions
3 771
-
9 048
-
health
1 358
-
3 257
-
total
5 129
-
12 305
-
Corporate
28 285
48 500
-
-
income
5 374
9 215
-
-
total
5 374
9 215
-
-
Dividends
22 911
39 285
-
-
withholding
3 437
5 893
-
-
total
3 437
5 893
-
-
Income
48 500
48 500
48 500
48 500
Total tax
18 768
15 108
23 887
24 879
After tax
29 732
33 392
24 613
23 621
Living cost
10 258
10 258
10 258
10 258
Free-cash
19 474
23 134
14 355
13 363

Estimated living cost  is ₴10258 per week

₴7125
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.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7804
₴5567
₴6420
₴4112
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
municipal
-
-
-
289
regional
-
-
-
545
national
-
-
-
10 699
social contributions
-
-
-
12 474
total
-
-
-
24 007
Employee
38 066
-
48 500
-
social contributions
12 836
-
16 354
-
regional
359
-
479
-
municipal
202
-
257
-
national
6 596
-
9 225
-
total
19 993
-
26 315
-
Employer
38 066
-
48 500
-
total
-
-
-
-
Corporate
10 434
48 500
-
-
nationa
2 504
11 640
-
-
municipal
407
1 891
-
-
total
2 911
13 531
-
-
Dividends
7 523
34 968
-
-
withholding
1 956
9 092
-
-
total
1 956
9 092
-
-
Income
48 500
48 500
48 500
48 500
Total tax
24 860
22 623
26 315
24 007
After tax
23 640
25 877
22 185
24 493
Living cost
18 073
18 073
18 073
18 073
Free-cash
5 567
7 804
4 112
6 420

Estimated living cost  is ₴18073 per week

₴12598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
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.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21056
₴19723
₴14672
₴13876
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
9 852
pensions
-
-
-
9 700
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 444
surtax
-
-
-
1 283
total
-
-
-
24 377
Employee
14 164
-
40 066
-
other
-
-
-
-
health
362
-
1 022
-
surtax
46
-
1 158
-
income
2 374
-
9 098
-
pensions
944
-
2 672
-
unemployment
986
-
2 789
-
total
4 712
-
16 739
-
Employer
14 164
-
40 066
-
other
-
-
-
-
unemployment
449
-
1 270
-
pensions
1 888
-
5 341
-
health
645
-
1 823
-
total
2 982
-
8 434
-
Corporate
31 355
48 500
-
-
income
8 152
12 610
-
-
total
8 152
12 610
-
-
Dividends
23 202
35 890
-
-
withholding
3 480
5 383
-
-
total
3 480
5 383
-
-
Income
48 500
48 500
48 500
48 500
Total tax
19 326
17 993
25 173
24 377
After tax
29 174
30 507
23 327
24 123
Living cost
9 451
9 451
9 451
9 451
Free-cash
19 723
21 056
13 876
14 672

Estimated living cost  is ₴9451 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15043
₴13319
₴14567
₴10113
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
10 972
pensions
-
-
-
3 323
total
-
-
-
14 295
Employee
27 256
-
42 620
-
health
396
-
710
-
income
4 909
-
8 002
-
pensions
2 313
-
4 157
-
total
7 618
-
12 869
-
Employer
27 256
-
42 620
-
pensions
2 950
-
5 071
-
health
518
-
809
-
total
3 468
-
5 880
-
Corporate
17 776
48 500
-
-
income

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

3 377
9 215
-
-
total
3 377
9 215
-
-
Dividends
14 399
39 285
-
-
withholding
1 080
4 604
-
-
total
1 080
4 604
-
-
Income
48 500
48 500
48 500
48 500
Total tax
15 543
13 819
18 749
14 295
After tax
32 957
34 681
29 751
34 205
Living cost
19 638
19 638
19 638
19 638
Free-cash
13 319
15 043
10 113
14 567

Estimated living cost  is ₴19638 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
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.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10194
₴3655
₴7838
₴5432
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
city
-
-
-
511
pensions
-
-
-
4 462
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.

-
-
-
970
regional
-
-
-
1 832
health
-
-
-
109
national
-
-
-
406
total
-
-
-
8 290
Employee
37 883
-
43 412
-
city
407
-
466
-
regional
1 240
-
1 569
-
health
86
-
97
-
pensions
3 183
-
3 646
-
unemployment
-
-
-
-
national
179
-
307
-
total
5 095
-
6 085
-
Employer
37 883
-
43 412
-
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.

757
-
868
-
unemployment
-
-
-
-
pensions
3 183
-
3 646
-
health
86
-
97
-
total
4 026
-
4 611
-
Corporate
6 174
48 500
-
-
regional
1 306
10 258
-
-
national
525
4 122
-
-
total
1 831
14 380
-
-
Dividends
4 344
34 120
-
-
withholding
1 521
11 942
-
-
total
1 521
11 942
-
-
Income
48 500
48 500
48 500
48 500
Total tax
12 473
26 322
10 696
8 290
After tax
36 027
22 178
37 804
40 210
Living cost
32 372
32 372
32 372
32 372
Free-cash
3 655
-10 194
5 432
7 838

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
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.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4387
₴11331
₴8387
₴13290
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 500
trade
-
-
-
4 903
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.

-
-
-
12 003
health

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

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

-
-
-
2 926
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.

-
-
-
660
total
-
-
-
20 492
Employee

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

25 741
-
48 500
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
660
-
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.

3 027
-
12 003
-
total
6 120
-
15 589
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
22 759
48 500
-
-
surtax

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

188
400
-
-
income
3 414
7 275
-
-
trade
3 903
8 317
-
-
chamber of commerce
97
133
-
-
total
7 602
16 125
-
-
Dividends
15 158
32 375
-
-
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.

199
436
-
-
withholding
3 627
7 931
-
-
total
3 826
8 367
-
-
Income
48 500
48 500
48 500
48 500
Total tax
17 548
24 492
15 589
20 492
After tax
30 952
24 008
32 911
28 008
Living cost
19 621
19 621
19 621
19 621
Free-cash
11 331
4 387
13 290
8 387

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
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.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9789
₴12320
₴13113
₴14980
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
5 421
pensions
-
-
-
11 217
other
-
-
-
1 504
health
-
-
-
1 209
surtax
-
-
-
-
social contributions
-
-
-
1 382
total
-
-
-
20 733
Employee
18 331
-
39 015
-
social contributions
523
-
1 112
-
surtax
-
-
-
-
income
1 082
-
6 201
-
pensions
2 073
-
2 068
-
total
3 678
-
9 381
-
Employer
18 331
-
39 015
-
other
632
-
1 346
-
social contributions
55
-
117
-
unemployment
742
-
1 580
-
pensions
3 011
-
3 596
-
health
1 283
-
2 846
-
total
5 723
-
9 485
-
Corporate
24 444
48 500
-
-
surtax
-
-
-
-
income
6 845
13 580
-
-
total
6 845
13 580
-
-
Dividends
17 600
34 920
-
-
surtax
-
-
-
-
social contributions
3 027
6 007
-
-
withholding
2 253
4 470
-
-
total
5 280
10 477
-
-
Income
48 500
48 500
48 500
48 500
Total tax
21 526
24 057
18 866
20 733
After tax
26 974
24 443
29 634
27 767
Living cost
14 654
14 654
14 654
14 654
Free-cash
12 320
9 789
14 980
13 113

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11241
₴13621
₴14565
₴16432
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
5 421
pensions
-
-
-
11 217
other
-
-
-
1 504
health
-
-
-
1 209
surtax
-
-
-
-
social contributions
-
-
-
1 382
total
-
-
-
20 733
Employee
16 363
-
39 015
-
social contributions
467
-
1 112
-
surtax
-
-
-
-
income
844
-
6 201
-
pensions
1 851
-
2 068
-
total
3 162
-
9 381
-
Employer
16 363
-
39 015
-
other
565
-
1 346
-
social contributions
49
-
117
-
unemployment
662
-
1 580
-
pensions
2 689
-
3 596
-
health
1 145
-
2 846
-
total
5 110
-
9 485
-
Corporate
27 027
48 500
-
-
surtax
-
-
-
-
income
7 567
13 580
-
-
total
7 567
13 580
-
-
Dividends
19 460
34 920
-
-
surtax
-
-
-
-
social contributions
3 348
6 007
-
-
withholding
2 490
4 470
-
-
total
5 838
10 477
-
-
Income
48 500
48 500
48 500
48 500
Total tax
21 677
24 057
18 866
20 733
After tax
26 823
24 443
29 634
27 767
Living cost
13 202
13 202
13 202
13 202
Free-cash
13 621
11 241
16 432
14 565

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20507
₴20730
₴22065
₴21857
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
7 275
health
-
-
-
3 385
social contributions
-
-
-
6 693
total
-
-
-
17 353
Employee
14 522
-
48 500
-
social contributions
2 004
-
6 693
-
health
1 014
-
3 385
-
income
2 422
-
7 483
-
total
5 440
-
17 561
-
Employer
14 522
-
48 500
-
total
-
-
-
-
Corporate
33 978
48 500
-
-
income

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

1 699
2 425
-
-
total
1 699
2 425
-
-
Dividends
32 279
46 075
-
-
health
2 253
3 216
-
-
social contributions
4 454
6 359
-
-
withholding
4 842
6 911
-
-
total
11 549
16 486
-
-
Income
48 500
48 500
48 500
48 500
Total tax
18 688
18 911
17 561
17 353
After tax
29 812
29 589
30 939
31 147
Living cost
9 082
9 082
9 082
9 082
Free-cash
20 730
20 507
21 857
22 065

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12000
₴11337
₴9000
-₴1105
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
chamber of commerce
-
-
-
194
income
-
-
-
8 819
pensions
-
-
-
8 973
unemployment
-
-
-
2 627
health
-
-
-
3 710
surtax
-
-
-
85
total
-
-
-
24 408
Employee
21 405
17 069
37 595
-
other
214
171
376
-
health
828
661
1 455
-
income
2 437
1 259
7 809
-
pensions
2 192
1 748
3 849
-
unemployment
642
512
1 128
-
total
6 313
4 351
14 617
-
Employer
21 405
17 069
37 595
-
accident
278
222
488
-
other
1 017
810
1 786
-
chamber of commerce
85
68
150
-
unemployment
642
512
1 128
-
surtax
85
85
85
-
pensions
2 686
2 143
4 718
-
payroll
642
512
1 128
-
health
809
645
1 421
-
total
6 244
4 997
10 904
-
Corporate
20 851
26 434
35 970
-
income

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

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

5 213
6 608
8 992
-
total
5 213
6 608
8 992
-
Dividends
15 638
19 826
-
-
withholding
4 301
5 452
-
-
total
4 301
5 452
-
-
Income
48 500
48 500
48 500
48 500
Total tax
22 071
21 408
34 513
24 408
After tax
26 429
27 092
13 987
24 092
Living cost
15 092
15 092
15 092
15 092
Free-cash
11 337
12 000
-1 105
9 000

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11563
₴5139
₴6498
₴2953
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
national
-
-
-
16 135
communal

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

-
-
-
2 442
social contributions
-
-
-
7 808
total
-
-
-
26 385
Employee

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

30 637
-
37 564
-
communal

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

1 598
-
1 959
-
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.

1 439
-
1 765
-
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.

2 298
-
2 817
-
unemployment

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

267
-
327
-
national
9 419
-
12 128
-
total
15 021
-
18 996
-
Employer

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

30 637
-
37 564
-
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.

398
-
488
-
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.

447
-
549
-
surtax
3 474
-
4 259
-
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.

2 715
-
3 328
-
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.

1 884
-
2 310
-
total
8 918
-
10 934
-
Corporate
8 944
48 500
-
-
surtax
36
194
-
-
income
1 789
9 700
-
-
total
1 825
9 894
-
-
Dividends
7 120
38 606
-
-
withholding

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

1 980
11 426
-
-
total
1 980
11 426
-
-
Income
48 500
48 500
48 500
48 500
Total tax
27 744
21 320
29 930
26 385
After tax
20 756
27 180
18 570
22 115
Living cost
15 617
15 617
15 617
15 617
Free-cash
5 139
11 563
2 953
6 498

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17185
₴13785
₴11077
₴9724
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
accident
-
-
-
358
income
-
-
-
10 044
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
21 955
Employee
21 320
-
36 776
-
other
21
-
37
-
income
4 498
-
9 249
-
pensions
1 002
-
1 729
-
unemployment
331
-
570
-
total
5 852
-
11 585
-
Employer
21 320
-
36 776
-
accident
422
-
728
-
other
170
-
293
-
unemployment
1 173
-
2 023
-
pensions
5 031
-
8 679
-
total
6 796
-
11 723
-
Corporate
20 384
48 500
-
-
income

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

3 058
7 275
-
-
total
3 058
7 275
-
-
Dividends
17 326
41 225
-
-
withholding
3 541
8 572
-
-
total
3 541
8 572
-
-
Income
48 500
48 500
48 500
48 500
Total tax
19 247
15 847
23 308
21 955
After tax
29 253
32 653
25 192
26 545
Living cost
15 468
15 468
15 468
15 468
Free-cash
13 785
17 185
9 724
11 077

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6198
₴3005
₴3664
₴5654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
accident
-
-
-
409
income
-
-
-
5 005
pensions
-
-
-
7 270
health
-
-
-
3 407
surtax
-
-
-
2 404
communal
-
-
-
3 065
total
-
-
-
21 560
Employee
32 436
-
43 323
-
health
1 444
-
1 927
-
surtax
1 988
-
2 655
-
income
3 133
-
6 345
-
pensions
2 594
-
3 466
-
total
9 159
-
14 393
-
Employer
32 436
-
43 323
-
accident
292
-
390
-
pensions
2 594
-
3 466
-
health
989
-
1 321
-
total
3 875
-
5 177
-
Corporate
12 189
48 500
-
-
surtax
128
509
-
-
communal
-
3 274
-
-
income
1 828
7 275
-
-
total
1 956
11 058
-
-
Dividends
10 233
37 443
-
-
income
5 694
2 352
-
-
withholding
1 535
5 616
-
-
total
7 229
7 968
-
-
Income
48 500
48 500
48 500
48 500
Total tax
22 219
19 026
19 570
21 560
After tax
26 281
29 474
28 930
26 940
Living cost
23 276
23 276
23 276
23 276
Free-cash
3 005
6 198
5 654
3 664

Estimated living cost  is ₴23276 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴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 Source

Source of data for Luxembourg model

Close
Athens , Greece
₴20887
₴19525
₴14503
₴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
-
-
-
48 500
income
-
-
-
9 852
pensions
-
-
-
9 700
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 444
surtax
-
-
-
1 283
total
-
-
-
24 377
Employee
14 424
-
40 066
-
other
-
-
-
-
health
368
-
1 022
-
surtax
51
-
1 158
-
income
2 418
-
9 098
-
pensions
962
-
2 672
-
unemployment
1 004
-
2 789
-
total
4 803
-
16 739
-
Employer
14 424
-
40 066
-
other
-
-
-
-
unemployment
458
-
1 270
-
pensions
1 923
-
5 341
-
health
656
-
1 823
-
total
3 037
-
8 434
-
Corporate
31 039
48 500
-
-
income
8 070
12 610
-
-
total
8 070
12 610
-
-
Dividends
22 969
35 890
-
-
withholding
3 445
5 383
-
-
total
3 445
5 383
-
-
Income
48 500
48 500
48 500
48 500
Total tax
19 355
17 993
25 173
24 377
After tax
29 145
30 507
23 327
24 123
Living cost
9 620
9 620
9 620
9 620
Free-cash
19 525
20 887
13 707
14 503

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13954
₴13003
₴12769
₴10474
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
municipal
-
-
-
289
regional
-
-
-
731
national
-
-
-
10 699
social contributions
-
-
-
12 474
total
-
-
-
24 193
Employee
23 759
-
48 500
-
social contributions
8 012
-
16 354
-
regional
320
-
652
-
municipal
126
-
257
-
national
3 764
-
9 225
-
total
12 222
-
26 488
-
Employer
23 759
-
48 500
-
total
-
-
-
-
Corporate
24 741
48 500
-
-
nationa
5 938
11 640
-
-
municipal
1 230
2 411
-
-
total
7 168
14 051
-
-
Dividends
17 574
34 449
-
-
withholding
4 569
8 957
-
-
total
4 569
8 957
-
-
Income
48 500
48 500
48 500
48 500
Total tax
23 959
23 008
26 488
24 193
After tax
24 541
25 492
22 012
24 307
Living cost
11 538
11 538
11 538
11 538
Free-cash
13 003
13 954
10 474
12 769

Estimated living cost  is ₴11538 per week

₴7175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20751
₴16242
₴10980
₴11972
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
4 169
health
-
-
-
6 548
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 162
total
-
-
-
24 879
Employee
18 589
-
36 194
-
social contributions
1 208
-
2 353
-
health
2 510
-
4 886
-
solidarity contribution
-
-
-
-
income
2 231
-
4 343
-
total
5 949
-
11 582
-
Employer
18 589
-
36 194
-
social contributions
4 647
-
9 048
-
health
1 673
-
3 257
-
total
6 320
-
12 305
-
Corporate
23 590
48 500
-
-
income
4 482
9 215
-
-
total
4 482
9 215
-
-
Dividends
19 108
39 285
-
-
withholding
2 866
5 893
-
-
total
2 866
5 893
-
-
Income
48 500
48 500
48 500
48 500
Total tax
19 617
15 108
23 887
24 879
After tax
28 883
33 392
24 613
23 621
Living cost
12 641
12 641
12 641
12 641
Free-cash
16 242
20 751
11 972
10 980

Estimated living cost  is ₴12641 per week

₴9400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13474
₴13260
₴10512
₴337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
chamber of commerce
-
-
-
194
income
-
-
-
8 819
pensions
-
-
-
8 973
unemployment
-
-
-
2 627
health
-
-
-
3 710
surtax
-
-
-
-
total
-
-
-
24 323
Employee
18 723
17 069
37 661
-
other
187
171
376
-
health
724
661
1 457
-
income
1 668
1 259
7 832
-
pensions
1 917
1 748
3 857
-
unemployment
562
512
1 130
-
total
5 058
4 351
14 652
-
Employer
18 723
17 069
37 661
-
accident
243
222
489
-
other
889
810
1 789
-
chamber of commerce
75
68
150
-
unemployment
562
512
1 130
-
surtax
-
-
-
-
pensions
2 350
2 143
4 726
-
payroll
562
512
1 130
-
health
708
645
1 423
-
total
5 389
4 912
10 837
-
Corporate
24 389
26 519
36 036
-
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.

6 098
6 629
9 009
-
total
6 098
6 629
9 009
-
Dividends
18 291
19 889
-
-
withholding
5 030
5 469
-
-
total
5 030
5 469
-
-
Income
48 500
48 500
48 500
48 500
Total tax
21 575
21 361
34 498
24 323
After tax
26 925
27 139
14 002
24 177
Living cost
13 665
13 665
13 665
13 665
Free-cash
13 260
13 474
337
10 512

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40070
₴38944
₴42010
₴32795
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
48 500
microenterprise

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

-
-
-
485
total
-
-
-
485
Employee
7 506
-
48 500
-
income
1 501
-
9 700
-
total
1 501
-
9 700
-
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%.

40 994
48 500
-
-
total
-
-
-
-
Dividends
40 994
48 500
-
-
withholding
2 050
2 425
-
-
total
2 050
2 425
-
-
Income
48 500
48 500
48 500
48 500
Total tax
3 551
2 425
9 700
485
After tax
44 949
46 075
38 800
48 015
Living cost
6 005
6 005
6 005
6 005
Free-cash
38 944
40 070
32 795
42 010

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21904
₴18323
₴13356
₴11965
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 500
income
-
-
-
9 953
pensions
-
-
-
8 857
unemployment
-
-
-
73
health
-
-
-
4 773
total
-
-
-
23 656
Employee

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

18 940
-
41 966
-
health
1 223
-
2 712
-
income
3 266
-
9 237
-
pensions
2 936
-
6 505
-
unemployment
27
-
59
-
total
7 452
-
18 513
-
Employer

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

18 940
-
41 966
-
unemployment
11
-
25
-
pensions
1 676
-
3 714
-
health
1 261
-
2 795
-
total
2 948
-
6 534
-
Corporate
26 611
48 500
-
-
income
5 056
9 215
-
-
total
5 056
9 215
-
-
Dividends
21 555
39 285
-
-
withholding
3 233
5 893
-
-
total
3 233
5 893
-
-
Income
48 500
48 500
48 500
48 500
Total tax
18 689
15 108
25 047
23 656
After tax
29 811
33 392
23 453
24 844
Living cost
11 488
11 488
11 488
11 488
Free-cash
18 323
21 904
11 965
13 356

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11011
-₴15415
₴15021
₴24365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
9 454
social contributions
-
-
-
5 529
total
-
-
-
14 983
Employee
26 521
-
-
-
social contributions
2 175
-
310
-
income
5 850
-
-
-
total
8 025
-
310
-
Employer
26 521
-
-
-
social contributions
37 394
-
5 329
-
total
37 394
-
5 329
-
Corporate
-
48 500
-
-
income
-
10 670
-
-
total
-
10 670
-
-
Dividends
-
37 830
-
-
income
-
8 323
-
-
total
-
8 323
-
-
Income
48 500
48 500
48 500
48 500
Total tax
45 419
18 993
5 639
14 983
After tax
3 081
29 507
42 861
33 517
Living cost
18 496
18 496
18 496
18 496
Free-cash
-15 415
11 011
24 365
15 021

Estimated living cost  is ₴18496 per week

₴12001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14152
₴13722
₴13418
₴10591
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 500
income
-
-
-
4 794
surtax
-
-
-
-
social contributions

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

-
-
-
16 853
total
-
-
-
21 647
Employee
19 699
-
39 192
-
social contributions
2 167
-
4 311
-
surtax
-
-
-
-
income
4 097
-
10 855
-
total
6 264
-
15 166
-
Employer
19 699
-
39 192
-
social contributions
4 678
-
9 308
-
total
4 678
-
9 308
-
Corporate
24 122
48 500
-
-
surtax
-
-
-
-
income
5 065
10 185
-
-
total
5 065
10 185
-
-
Dividends
19 057
38 315
-
-
withholding
5 336
10 728
-
-
total
5 336
10 728
-
-
Income
48 500
48 500
48 500
48 500
Total tax
21 343
20 913
24 474
21 647
After tax
27 157
27 587
24 026
26 853
Living cost
13 435
13 435
13 435
13 435
Free-cash
13 722
14 152
10 591
13 418

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3756
₴6699
₴7080
₴8947
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
5 421
pensions
-
-
-
11 217
other
-
-
-
1 504
health
-
-
-
1 209
surtax
-
-
-
-
social contributions
-
-
-
1 382
total
-
-
-
20 733
Employee
26 826
-
39 015
-
social contributions
764
-
1 112
-
surtax
-
-
-
-
income
2 341
-
6 201
-
pensions
3 034
-
2 068
-
total
6 139
-
9 381
-
Employer
26 826
-
39 015
-
other
926
-
1 346
-
social contributions
80
-
117
-
unemployment
1 087
-
1 580
-
pensions
4 408
-
3 596
-
health
1 878
-
2 846
-
total
8 379
-
9 485
-
Corporate
13 296
48 500
-
-
surtax
-
-
-
-
income
3 723
13 580
-
-
total
3 723
13 580
-
-
Dividends
9 573
34 920
-
-
surtax
-
-
-
-
social contributions
1 647
6 007
-
-
withholding
1 226
4 470
-
-
total
2 873
10 477
-
-
Income
48 500
48 500
48 500
48 500
Total tax
21 114
24 057
18 866
20 733
After tax
27 386
24 443
29 634
27 767
Living cost
20 687
20 687
20 687
20 687
Free-cash
6 699
3 756
8 947
7 080

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
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.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30775
₴29337
₴23773
₴25063
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
1 182
social contributions
-
-
-
10 670
total
-
-
-
11 852
Employee
13 770
-
41 992
-
income
-
-
1 325
-
social contributions
895
-
2 729
-
total
895
-
4 054
-
Employer
13 770
-
41 992
-
social contributions
2 134
-
6 508
-
total
2 134
-
6 508
-
Corporate
32 596
48 500
-
-
income
3 259
4 850
-
-
total
3 259
4 850
-
-
Dividends
29 336
43 650
-
-
total
-
-
-
-
Income
48 500
48 500
48 500
48 500
Total tax
6 288
4 850
10 562
11 852
After tax
42 212
43 650
37 938
36 648
Living cost
12 875
12 875
12 875
12 875
Free-cash
29 337
30 775
25 063
23 773

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
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.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴44861
-₴44861
₴9110
-₴44861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
municipal
-
-
-
9 302
pensions
-
-
-
371
national
-
-
-
5 230
labour market
-
-
-
3 850
total
-
-
-
18 753
Employee
87 102
87 102
87 102
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 102
87 102
87 102
-
labour market
6 968
6 968
6 968
-
municipal
18 577
18 577
18 577
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 453
36 453
36 453
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
48 500
48 500
48 500
48 500
Total tax
72 724
72 724
72 724
18 753
After tax
-24 224
-24 224
-24 224
29 747
Living cost
20 637
20 637
20 637
20 637
Free-cash
-44 861
-44 861
-44 861
9 110

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5300
₴2514
₴24022
₴16184
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
accident
-
-
-
108
income
-
-
-
12 285
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
15 250
Employee
14 517
-
42 076
-
health
1 662
-
4 818
-
income
1 992
-
8 597
-
pensions
1 635
-
3 248
-
total
5 289
-
16 663
-
Employer
14 517
-
42 076
-
accident
242
-
703
-
unemployment
356
-
1 031
-
pensions
2 360
-
4 691
-
total
2 958
-
6 425
-
Corporate
31 025
48 500
-
-
income

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

27 922
43 650
-
-
total
27 922
43 650
-
-
Dividends
3 102
4 850
-
-
withholding
589
922
-
-
total
589
922
-
-
Income
48 500
48 500
48 500
48 500
Total tax
36 758
44 572
23 088
15 250
After tax
11 742
3 928
25 412
33 250
Living cost
9 228
9 228
9 228
9 228
Free-cash
2 514
-5 300
16 184
24 022

Estimated living cost  is ₴9228 per week

₴6717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
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.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15370
₴15026
₴17361
₴10710
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
48 500
municipal
-
-
-
8 628
health
-
-
-
568
national
-
-
-
5 499
total
-
-
-
14 695
Employee
22 534
-
40 801
-
health
168
-
449
-
municipal
3 691
-
6 658
-
pensions
1 521
-
2 754
-
unemployment
338
-
612
-
national
372
-
3 173
-
total
6 090
-
13 646
-
Employer
22 534
-
40 801
-
accident
23
-
41
-
unemployment
146
-
265
-
pensions
3 910
-
7 079
-
health
173
-
315
-
total
4 252
-
7 700
-
Corporate
21 714
48 500
-
-
income
4 343
9 700
-
-
total
4 343
9 700
-
-
Dividends

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

13 028
29 100
-
-
national
-
1 748
-
-
municipal
2 345
5 238
-
-
total
2 345
6 986
-
-
Income
48 500
48 500
48 500
48 500
Total tax
17 030
16 686
21 346
14 695
After tax
31 470
31 814
27 154
33 805
Living cost
16 444
16 444
16 444
16 444
Free-cash
15 026
15 370
10 710
17 361

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25552
₴23221
₴24160
₴23668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
6 256
health
-
-
-
1 237
social contributions
-
-
-
6 930
total
-
-
-
14 423
Employee
32 935
32 935
44 031
-
social contributions
1 245
2 733
3 654
-
health
255
560
749
-
income
3 586
3 049
6 044
-
total
5 086
6 342
10 447
-
Employer
32 935
32 935
44 031
-
social contributions
1 245
2 733
3 654
-
health
277
610
814
-
total
1 522
3 343
4 468
-
Corporate
31 974
12 222
-
-
income
3 997
1 528
-
-
total
3 997
1 528
-
-
Dividends
27 978
10 694
-
-
withholding
4 757
1 818
-
-
total
4 757
1 818
-
-
Income
48 500
48 500
48 500
48 500
Total tax
15 362
13 031
14 915
14 423
After tax
33 138
35 469
33 585
34 077
Living cost
9 917
9 917
9 917
9 917
Free-cash
23 221
25 552
23 668
24 160

Estimated living cost  is ₴9917 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33363
₴31183
₴32701
₴24111
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
48 500
income
-
-
-
4 712
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
8 999
Employee

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

9 831
-
44 314
-
health
836
-
3 454
-
income
672
-
3 650
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
13 403
-
Employer

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

9 831
-
44 314
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
37 657
48 500
-
-
income
3 389
4 365
-
-
total
3 389
4 365
-
-
Dividends
34 267
44 135
-
-
withholding
3 084
3 972
-
-
total
3 084
3 972
-
-
Income
48 500
48 500
48 500
48 500
Total tax
10 517
8 337
17 589
8 999
After tax
37 983
40 163
30 911
39 501
Living cost
6 800
6 800
6 800
6 800
Free-cash
31 183
33 363
24 111
32 701

Estimated living cost  is ₴6800 per week

₴4339
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.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20875
₴18642
₴14767
₴13414
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
accident
-
-
-
358
income
-
-
-
10 044
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
21 955
Employee
15 837
-
36 776
-
other
15
-
37
-
income
3 053
-
9 249
-
pensions
745
-
1 729
-
unemployment
245
-
570
-
total
4 058
-
11 585
-
Employer
15 837
-
36 776
-
accident
314
-
728
-
other
127
-
293
-
unemployment
871
-
2 023
-
pensions
3 737
-
8 679
-
total
5 049
-
11 723
-
Corporate
27 614
48 500
-
-
income

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

4 142
7 275
-
-
total
4 142
7 275
-
-
Dividends
23 472
41 225
-
-
withholding
4 831
8 572
-
-
total
4 831
8 572
-
-
Income
48 500
48 500
48 500
48 500
Total tax
18 080
15 847
23 308
21 955
After tax
30 420
32 653
25 192
26 545
Living cost
11 778
11 778
11 778
11 778
Free-cash
18 642
20 875
13 414
14 767

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29094
₴28901
₴29668
₴29586
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
16 190
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
17 662
Employee
1 782
-
47 540
-
health
89
-
213
-
income
345
-
16 145
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
16 785
-
Employer
1 782
-
47 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
46 317
48 500
-
-
income
10 190
10 670
-
-
total
10 190
10 670
-
-
Dividends
36 128
37 830
-
-
withholding
7 226
7 566
-
-
total
7 226
7 566
-
-
Income
48 500
48 500
48 500
48 500
Total tax
18 429
18 236
17 744
17 662
After tax
30 071
30 264
30 756
30 838
Living cost
1 170
1 170
1 170
1 170
Free-cash
28 901
29 094
29 586
29 668

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27633
₴25525
₴18935
₴18936
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 500
income
-
-
-
10 191
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
22 157
Employee

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

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

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

11 170
-
42 834
-
health
575
-
1 630
-
income
1 540
-
10 191
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
16 490
-
Employer

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

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

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

11 170
-
42 834
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
35 330
48 500
-
-
income
5 300
7 275
-
-
total
5 300
7 275
-
-
Dividends
30 031
41 225
-
-
withholding
4 505
6 184
-
-
total
4 505
6 184
-
-
Income
48 500
48 500
48 500
48 500
Total tax
15 567
13 459
22 156
22 157
After tax
32 933
35 041
26 344
26 343
Living cost
7 408
7 408
7 408
7 408
Free-cash
25 525
27 633
18 936
18 935

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16040
₴15886
₴15306
₴12479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 500
income
-
-
-
4 794
surtax
-
-
-
-
social contributions

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

-
-
-
16 853
total
-
-
-
21 647
Employee
16 624
-
39 192
-
social contributions
1 829
-
4 311
-
surtax
-
-
-
-
income
3 248
-
10 855
-
total
5 077
-
15 166
-
Employer
16 624
-
39 192
-
social contributions
3 948
-
9 308
-
total
3 948
-
9 308
-
Corporate
27 928
48 500
-
-
surtax
-
-
-
-
income
5 865
10 185
-
-
total
5 865
10 185
-
-
Dividends
22 063
38 315
-
-
withholding
6 177
10 728
-
-
total
6 177
10 728
-
-
Income
48 500
48 500
48 500
48 500
Total tax
21 067
20 913
24 474
21 647
After tax
27 433
27 587
24 026
26 853
Living cost
11 547
11 547
11 547
11 547
Free-cash
15 886
16 040
12 479
15 306

Estimated living cost  is ₴11547 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
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.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17600
₴14346
₴11492
₴10139
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
accident
-
-
-
358
income
-
-
-
10 044
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
21 955
Employee
20 686
-
36 776
-
other
20
-
37
-
income
4 320
-
9 249
-
pensions
972
-
1 729
-
unemployment
320
-
570
-
total
5 632
-
11 585
-
Employer
20 686
-
36 776
-
accident
410
-
728
-
other
166
-
293
-
unemployment
1 138
-
2 023
-
pensions
4 882
-
8 679
-
total
6 596
-
11 723
-
Corporate
21 219
48 500
-
-
income

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

3 183
7 275
-
-
total
3 183
7 275
-
-
Dividends
18 036
41 225
-
-
withholding
3 690
8 572
-
-
total
3 690
8 572
-
-
Income
48 500
48 500
48 500
48 500
Total tax
19 101
15 847
23 308
21 955
After tax
29 399
32 653
25 192
26 545
Living cost
15 053
15 053
15 053
15 053
Free-cash
14 346
17 600
10 139
11 492

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34095
₴31484
₴29855
₴31466
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
7 275
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
11 273
Employee
9 762
-
45 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
4 556
-
pensions

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

857
-
1 314
-
total
2 389
-
6 724
-
Employer
9 762
-
45 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
36 822
48 500
-
-
income
3 682
4 850
-
-
total
3 682
4 850
-
-
Dividends
33 140
43 650
-
-
withholding
1 657
2 183
-
-
total
1 657
2 183
-
-
Income
48 500
48 500
48 500
48 500
Total tax
9 644
7 033
9 662
11 273
After tax
38 856
41 467
38 838
37 227
Living cost
7 372
7 372
7 372
7 372
Free-cash
31 484
34 095
31 466
29 855

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴8469
₴14073
₴12273
₴16375
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 500
trade
-
-
-
4 102
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.

-
-
-
12 003
health

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

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

-
-
-
2 926
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.

-
-
-
660
total
-
-
-
19 691
Employee

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

21 311
-
48 500
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
660
-
income

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

1 752
-
12 003
-
total
4 775
-
15 589
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 189
48 500
-
-
surtax

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

224
400
-
-
income
4 079
7 275
-
-
trade
3 901
6 960
-
-
chamber of commerce
105
136
-
-
total
8 309
14 771
-
-
Dividends
18 879
33 730
-
-
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.

250
455
-
-
withholding
4 557
8 269
-
-
total
4 807
8 724
-
-
Income
48 500
48 500
48 500
48 500
Total tax
17 891
23 495
15 589
19 691
After tax
30 609
25 005
32 911
28 809
Living cost
16 536
16 536
16 536
16 536
Free-cash
14 073
8 469
16 375
12 273

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9551
₴10497
₴7348
₴7348
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
12 320
social contributions
-
-
-
4 433
total
-
-
-
16 753
Employee
33 504
-
48 500
-
income
6 322
-
12 320
-
social contributions
2 783
-
4 433
-
total
9 105
-
16 753
-
Employer
33 504
-
48 500
-
total
-
-
-
-
Corporate
14 996
48 500
-
-
income
1 874
6 063
-
-
total
1 874
6 063
-
-
Dividends
13 122
42 437
-
-
withholding
2 625
8 487
-
-
total
2 625
8 487
-
-
Income
48 500
48 500
48 500
48 500
Total tax
13 604
14 550
16 753
16 753
After tax
34 896
33 950
31 747
31 747
Living cost
24 399
24 399
24 399
24 399
Free-cash
10 497
9 551
7 348
7 348

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13714
₴15210
₴17899
₴20161
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 500
income
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 648
-
46 530
-
income
2 132
-
8 851
-
social contributions
1 969
-
1 970
-
total
4 101
-
10 821
-
Employer
19 648
-
46 530
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
26 883
48 500
-
-
income
9 409
16 975
-
-
total
9 409
16 975
-
-
Dividends
17 474
31 525
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
48 500
48 500
48 500
48 500
Total tax
17 742
19 238
12 791
15 053
After tax
30 758
29 262
35 709
33 447
Living cost
15 548
15 548
15 548
15 548
Free-cash
15 210
13 714
20 161
17 899

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
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.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴18716
₴17948
₴18240
₴13786
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
income
-
-
-
10 972
pensions
-
-
-
3 323
total
-
-
-
14 295
Employee
21 914
-
42 620
-
health
286
-
710
-
income
3 991
-
8 002
-
pensions
1 673
-
4 157
-
total
5 950
-
12 869
-
Employer
21 914
-
42 620
-
pensions
2 214
-
5 071
-
health
416
-
809
-
total
2 630
-
5 880
-
Corporate
23 956
48 500
-
-
income

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

4 552
9 215
-
-
total
4 552
9 215
-
-
Dividends
19 404
39 285
-
-
withholding
1 455
4 604
-
-
total
1 455
4 604
-
-
Income
48 500
48 500
48 500
48 500
Total tax
14 587
13 819
18 749
14 295
After tax
33 913
34 681
29 751
34 205
Living cost
15 965
15 965
15 965
15 965
Free-cash
17 948
18 716
13 786
18 240

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6214
₴2372
₴23108
₴15270
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
accident
-
-
-
108
income
-
-
-
12 285
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
15 250
Employee
15 954
-
42 076
-
health
1 827
-
4 818
-
income
2 189
-
8 597
-
pensions
1 796
-
3 248
-
total
5 812
-
16 663
-
Employer
15 954
-
42 076
-
accident
266
-
703
-
unemployment
391
-
1 031
-
pensions
2 594
-
4 691
-
total
3 251
-
6 425
-
Corporate
29 295
48 500
-
-
income

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

26 366
43 650
-
-
total
26 366
43 650
-
-
Dividends
2 929
4 850
-
-
withholding
557
922
-
-
total
557
922
-
-
Income
48 500
48 500
48 500
48 500
Total tax
35 986
44 572
23 088
15 250
After tax
12 514
3 928
25 412
33 250
Living cost
10 142
10 142
10 142
10 142
Free-cash
2 372
-6 214
15 270
23 108

Estimated living cost  is ₴10142 per week

₴7443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35028
₴33358
₴21788
₴25708
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
48 500
work injury
-
-
-
243
health insurance
-
-
-
3 589
income
-
-
-
7 589
pensions
-
-
-
8 924
unemployment
-
-
-
582
total
-
-
-
20 927
Employee

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

9 257
-
48 500
-
work injury
46
-
171
-
income
926
-
7 589
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
17 007
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
39 243
48 500
-
-
income

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

-
485
-
-
total
-
485
-
-
Dividends
39 243
48 015
-
-
withholding
5 886
7 202
-
-
total
5 886
7 202
-
-
Income
48 500
48 500
48 500
48 500
Total tax
9 357
7 687
17 007
20 927
After tax
39 143
40 813
31 493
27 573
Living cost
5 785
5 785
5 785
5 785
Free-cash
33 358
35 028
25 708
21 788

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴8483
₴6536
₴6920
₴4701
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
48 500
municipal
-
-
-
324
regional
-
-
-
1 020
national
-
-
-
10 699
social contributions
-
-
-
12 474
total
-
-
-
24 517
Employee
36 092
-
48 500
-
social contributions
12 170
-
16 354
-
regional
545
-
868
-
municipal
215
-
289
-
national
6 099
-
9 225
-
total
19 029
-
26 736
-
Employer
36 092
-
48 500
-
total
-
-
-
-
Corporate
12 408
48 500
-
-
nationa
2 978
11 640
-
-
municipal
598
2 338
-
-
total
3 576
13 978
-
-
Dividends
8 831
34 522
-
-
withholding
2 296
8 976
-
-
total
2 296
8 976
-
-
Income
48 500
48 500
48 500
48 500
Total tax
24 901
22 954
26 736
24 517
After tax
23 599
25 546
21 764
23 983
Living cost
17 063
17 063
17 063
17 063
Free-cash
6 536
8 483
4 701
6 920

Estimated living cost  is ₴17063 per week

₴11986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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