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
₴ 49500
per

Your estimated
City
free-cash

Dresden , Germany
₴11995
₴16747
₴15822
₴20472
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
49 500
trade
-
-
-
4 650
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.

-
-
-
12 397
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.

-
-
-
2 935
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.

-
-
-
682
total
-
-
-
20 664
Employee

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

16 434
-
49 500
-
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.

2 935
-
2 935
-
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
-
682
-
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.

459
-
12 397
-
total
3 419
-
16 014
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
33 066
49 500
-
-
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.

273
409
-
-
income
4 960
7 425
-
-
trade
5 208
7 796
-
-
chamber of commerce
113
136
-
-
total
10 554
15 766
-
-
Dividends
22 512
33 735
-
-
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.

301
455
-
-
withholding
5 465
8 270
-
-
total
5 766
8 725
-
-
Income
49 500
49 500
49 500
49 500
Total tax
19 739
24 491
16 014
20 664
After tax
29 761
25 009
33 486
28 836
Living cost
13 014
13 014
13 014
13 014
Free-cash
16 747
11 995
20 472
15 822

Estimated living cost  is ₴13014 per week

₴8186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9209
₴8850
₴7990
₴8379
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
municipal
-
-
-
5 240
pensions
-
-
-
5 940
national
-
-
-
8 119
social contributions
-
-
-
532
total
-
-
-
19 831
Employee
33 606
-
42 792
-
municipal
4 151
-
5 431
-
pensions
1 344
-
1 712
-
national
6 432
-
8 416
-
total
11 927
-
15 559
-
Employer
33 606
-
42 792
-
social contributions
361
-
460
-
pensions
2 688
-
3 423
-
total
3 049
-
3 883
-
Corporate
10 627
49 500
-
-
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%.

2 125
9 900
-
-
total
2 125
9 900
-
-
Dividends
8 501
39 600
-
-
withholding
1 870
8 712
-
-
total
1 870
8 712
-
-
Income
49 500
49 500
49 500
49 500
Total tax
18 971
18 612
19 442
19 831
After tax
30 529
30 888
30 058
29 669
Living cost
21 679
21 679
21 679
21 679
Free-cash
8 850
9 209
8 379
7 990

Estimated living cost  is ₴21679 per week

₴14735
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
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.
₴4604
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30661
₴27137
₴17411
₴18887
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
49 500
microenterprise
-
-
-
-
income
-
-
-
7 236
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.

-
-
-
15 914
total
-
-
-
23 150
Employee
12 555
-
39 891
-
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.

1 381
-
4 388
-
surtax
-
-
-
-
income
2 235
-
7 677
-
total
3 616
-
12 065
-
Employer
12 555
-
39 891
-
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.

3 024
-
9 609
-
surtax
-
-
-
-
total
3 024
-
9 609
-
Corporate
33 920
49 500
-
-
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%.

6 784
9 900
-
-
total
6 784
9 900
-
-
Dividends

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

27 136
39 600
-
-
total
-
-
-
-
Income
49 500
49 500
49 500
49 500
Total tax
13 424
9 900
21 674
23 150
After tax
36 076
39 600
27 826
26 350
Living cost
8 939
8 939
8 939
8 939
Free-cash
27 137
30 661
18 887
17 411

Estimated living cost  is ₴8939 per week

₴5703
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2182
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6117
₴3483
₴10283
₴7984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
10 885
pensions
-
-
-
5 034
health
-
-
-
5 298
total
-
-
-
21 217
Employee
36 692
36 692
42 124
-
health
5 632
4 790
5 100
-
income

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

6 006
6 006
6 006
-
pensions
6 605
5 034
5 034
-
total
18 243
15 830
16 140
-
Employer
36 692
36 692
42 124
-
unemployment
1 321
1 321
1 517
-
pensions
2 554
2 554
2 932
-
health
2 551
2 551
2 927
-
total
6 426
6 426
7 376
-
Corporate
6 833
6 382
-
-
income
1 367
1 276
-
-
total
1 367
1 276
-
-
Dividends
5 466
5 106
-
-
income
1 161
1 085
-
-
withholding
820
766
-
-
total
1 981
1 851
-
-
Income
49 500
49 500
49 500
49 500
Total tax
28 017
25 383
23 516
21 217
After tax
21 483
24 117
25 984
28 283
Living cost
18 000
18 000
18 000
18 000
Free-cash
3 483
6 117
7 984
10 283

Estimated living cost  is ₴18000 per week

₴12756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10360
₴9984
₴9760
₴9311
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
municipal
-
-
-
11 605
accident
-
-
-
73
pensions
-
-
-
3 949
other
-
-
-
4 244
unemployment
-
-
-
37
health
-
-
-
2 279
national
-
-
-
886
total
-
-
-
23 073
Employee
23 748
-
38 023
-
municipal
7 082
-
11 339
-
national
-
-
707
-
total
7 082
-
12 046
-
Employer
23 748
-
38 023
-
accident
48
-
73
-
other
2 760
-
4 244
-
unemployment
627
-
964
-
pensions
2 567
-
3 949
-
health
1 461
-
2 246
-
total
7 463
-
11 476
-
Corporate
18 290
49 500
-
-
income
4 024
10 890
-
-
total
4 024
10 890
-
-
Dividends
14 266
38 610
-
-
withholding
4 280
11 583
-
-
total
4 280
11 583
-
-
Income
49 500
49 500
49 500
49 500
Total tax
22 849
22 473
23 522
23 073
After tax
26 651
27 027
25 978
26 427
Living cost
16 667
16 667
16 667
16 667
Free-cash
9 984
10 360
9 311
9 760

Estimated living cost  is ₴16667 per week

₴11046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7876
₴13913
₴11751
₴16607
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
49 500
trade
-
-
-
4 856
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.

-
-
-
12 397
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.

-
-
-
2 935
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.

-
-
-
682
total
-
-
-
20 870
Employee

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

21 790
-
49 500
-
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.

2 935
-
2 935
-
surtax

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

103
-
682
-
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.

1 872
-
12 397
-
total
4 910
-
16 014
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 710
49 500
-
-
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.

228
409
-
-
income
4 157
7 425
-
-
trade
4 558
8 142
-
-
chamber of commerce
104
135
-
-
total
9 047
16 111
-
-
Dividends
18 663
33 389
-
-
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.

248
450
-
-
withholding
4 503
8 184
-
-
total
4 751
8 634
-
-
Income
49 500
49 500
49 500
49 500
Total tax
18 708
24 745
16 014
20 870
After tax
30 792
24 755
33 486
28 630
Living cost
16 879
16 879
16 879
16 879
Free-cash
13 913
7 876
16 607
11 751

Estimated living cost  is ₴16879 per week

₴11289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1780
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22259
₴20479
₴20827
₴20280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
6 523
health
-
-
-
1 262
social contributions
-
-
-
6 952
total
-
-
-
14 737
Employee
33 040
33 040
44 970
-
social contributions
1 605
2 742
3 699
-
health
329
562
765
-
income
3 469
3 059
6 289
-
total
5 403
6 363
10 753
-
Employer
33 040
33 040
44 970
-
social contributions
1 605
2 742
3 699
-
health
358
612
832
-
total
1 963
3 354
4 531
-
Corporate
28 197
13 106
-
-
income
3 525
1 638
-
-
total
3 525
1 638
-
-
Dividends
24 672
11 468
-
-
withholding
4 194
1 950
-
-
total
4 194
1 950
-
-
Income
49 500
49 500
49 500
49 500
Total tax
15 085
13 305
15 284
14 737
After tax
34 415
36 195
34 216
34 763
Living cost
13 936
13 936
13 936
13 936
Free-cash
20 479
22 259
20 280
20 827

Estimated living cost  is ₴13936 per week

₴9527
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1089
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.
₴3087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20064
₴20226
₴26494
₴20899
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
6 051
pensions
-
-
-
4 950
unemployment
-
-
-
743
health
-
-
-
3 465
total
-
-
-
15 209
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.

11 255
4 479
41 423
-
health
788
314
2 900
-
income
1 376
548
5 064
-
pensions
1 125
448
4 142
-
unemployment
169
67
621
-
total
3 458
1 377
12 727
-
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.

11 255
4 479
41 423
-
pensions
2 195
873
8 077
-
total
2 195
873
8 077
-
Corporate
36 051
44 147
-
-
income
3 245
3 973
-
-
total
3 245
3 973
-
-
Dividends
32 806
40 174
-
-
social contributions
6 346
7 783
-
-
withholding
6 233
7 633
-
-
total
12 579
15 416
-
-
Income
49 500
49 500
49 500
49 500
Total tax
21 477
21 639
20 804
15 209
After tax
28 023
27 861
28 696
34 291
Living cost
7 797
7 797
7 797
7 797
Free-cash
20 226
20 064
20 899
26 494

Estimated living cost  is ₴7797 per week

₴5320
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1682
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29222
₴26553
₴16154
₴18153
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
6 633
pensions
-
-
-
9 900
health
-
-
-
6 435
total
-
-
-
22 968
Employee
12 189
-
36 995
-
income
1 372
-
7 133
-
pensions
244
-
740
-
unemployment
195
-
592
-
total
1 811
-
8 465
-
Employer
12 189
-
36 995
-
unemployment
98
-
296
-
pensions
2 438
-
7 399
-
health
1 584
-
4 809
-
total
4 120
-
12 504
-
Corporate
33 191
49 500
-
-
income
6 638
9 900
-
-
total
6 638
9 900
-
-
Dividends
26 553
39 600
-
-
total
-
-
-
-
Income
49 500
49 500
49 500
49 500
Total tax
12 569
9 900
20 969
22 968
After tax
36 931
39 600
28 531
26 532
Living cost
10 378
10 378
10 378
10 378
Free-cash
26 553
29 222
18 153
16 154

Estimated living cost  is ₴10378 per week

₴7118
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
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.
₴2433
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5420
₴2564
₴24503
₴16545
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
accident
-
-
-
108
income
-
-
-
12 583
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
15 568
Employee
14 833
-
43 006
-
health
1 698
-
4 924
-
income
2 035
-
8 838
-
pensions
1 670
-
3 270
-
total
5 403
-
17 032
-
Employer
14 833
-
43 006
-
accident
248
-
718
-
unemployment
363
-
1 054
-
pensions
2 412
-
4 722
-
total
3 023
-
6 494
-
Corporate
31 644
49 500
-
-
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.

28 480
44 550
-
-
total
28 480
44 550
-
-
Dividends
3 164
4 950
-
-
withholding
601
941
-
-
total
601
941
-
-
Income
49 500
49 500
49 500
49 500
Total tax
37 507
45 491
23 526
15 568
After tax
11 993
4 009
25 974
33 932
Living cost
9 429
9 429
9 429
9 429
Free-cash
2 564
-5 420
16 545
24 503

Estimated living cost  is ₴9429 per week

₴6911
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1799
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43132
₴42402
₴45112
₴35707
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
49 500
microenterprise

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

-
-
-
495
total
-
-
-
495
Employee
4 866
-
49 500
-
income
973
-
9 900
-
total
973
-
9 900
-
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%.

44 634
49 500
-
-
total
-
-
-
-
Dividends
44 634
49 500
-
-
withholding
2 232
2 475
-
-
total
2 232
2 475
-
-
Income
49 500
49 500
49 500
49 500
Total tax
3 205
2 475
9 900
495
After tax
46 295
47 025
39 600
49 005
Living cost
3 893
3 893
3 893
3 893
Free-cash
42 402
43 132
35 707
45 112

Estimated living cost  is ₴3893 per week

₴2412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴324
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴107
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1050
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24919
₴22016
₴15187
₴17235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
6 455
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.

-
-
-
11 879
other
-
-
-
2 352
health
-
-
-
2 178
total
-
-
-
22 864
Employee
15 601
-
39 537
-
health
219
-
554
-
income
2 686
-
7 137
-
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.

1 092
-
2 768
-
unemployment
156
-
395
-
total
4 153
-
10 854
-
Employer
15 601
-
39 537
-
accident
125
-
316
-
other
780
-
1 976
-
unemployment
156
-
395
-
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.

2 652
-
6 721
-
health
219
-
554
-
total
3 932
-
9 962
-
Corporate
29 967
49 500
-
-
income
6 293
10 395
-
-
total
6 293
10 395
-
-
Dividends
23 674
39 105
-
-
withholding
1 657
2 737
-
-
total
1 657
2 737
-
-
Income
49 500
49 500
49 500
49 500
Total tax
16 035
13 132
20 816
22 864
After tax
33 465
36 368
28 684
26 636
Living cost
11 449
11 449
11 449
11 449
Free-cash
22 016
24 919
17 235
15 187

Estimated living cost  is ₴11449 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
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.
₴2402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6516
₴2495
₴6085
₴1484
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
11 376
pensions
-
-
-
3 339
total
-
-
-
14 715
Employee
40 606
-
43 483
-
health
669
-
729
-
income
7 320
-
8 308
-
pensions
3 917
-
4 262
-
total
11 906
-
13 299
-
Employer
40 606
-
43 483
-
pensions
4 794
-
5 191
-
health
771
-
826
-
total
5 565
-
6 017
-
Corporate
3 328
49 500
-
-
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.

632
9 405
-
-
total
632
9 405
-
-
Dividends
2 696
40 095
-
-
withholding
202
4 879
-
-
total
202
4 879
-
-
Income
49 500
49 500
49 500
49 500
Total tax
18 305
14 284
19 316
14 715
After tax
31 195
35 216
30 184
34 785
Living cost
28 700
28 700
28 700
28 700
Free-cash
2 495
6 516
1 484
6 085

Estimated living cost  is ₴28700 per week

₴21505
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3372
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.
₴3589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴36689
₴34693
₴32435
₴34094
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
7 425
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
11 432
Employee
7 458
-
46 556
-
health
343
-
690
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
4 656
-
pensions

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

655
-
1 318
-
total
1 826
-
6 829
-
Employer
7 458
-
46 556
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

822
-
1 654
-
health
515
-
1 035
-
total
1 464
-
2 944
-
Corporate
40 578
49 500
-
-
income
4 058
4 950
-
-
total
4 058
4 950
-
-
Dividends
36 520
44 550
-
-
withholding
1 826
2 228
-
-
total
1 826
2 228
-
-
Income
49 500
49 500
49 500
49 500
Total tax
9 174
7 178
9 773
11 432
After tax
40 326
42 322
39 727
38 068
Living cost
5 633
5 633
5 633
5 633
Free-cash
34 693
36 689
34 094
32 435

Estimated living cost  is ₴5633 per week

₴3288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴402
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.
₴1793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴291
₴1372
₴4457
₴2158
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
10 885
pensions
-
-
-
5 034
health
-
-
-
5 298
total
-
-
-
21 217
Employee
39 836
36 692
42 124
-
health
4 970
4 790
5 100
-
income

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

6 006
6 006
6 006
-
pensions
5 034
5 034
5 034
-
total
16 010
15 830
16 140
-
Employer
39 836
36 692
42 124
-
unemployment
1 434
1 321
1 517
-
pensions
2 772
2 554
2 932
-
health
2 768
2 551
2 927
-
total
6 974
6 426
7 376
-
Corporate
2 689
6 382
-
-
income
538
1 276
-
-
total
538
1 276
-
-
Dividends
2 151
5 106
-
-
income
457
1 085
-
-
withholding
323
766
-
-
total
780
1 851
-
-
Income
49 500
49 500
49 500
49 500
Total tax
24 302
25 383
23 516
21 217
After tax
25 198
24 117
25 984
28 283
Living cost
23 826
23 826
23 826
23 826
Free-cash
1 372
291
2 158
4 457

Estimated living cost  is ₴23826 per week

₴17576
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3849
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23806
₴20141
₴13833
₴14844
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
4 255
health
-
-
-
6 683
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 454
total
-
-
-
25 392
Employee
15 110
-
36 940
-
social contributions
982
-
2 401
-
health
2 040
-
4 987
-
solidarity contribution
-
-
-
-
income
1 813
-
4 433
-
total
4 835
-
11 821
-
Employer
15 110
-
36 940
-
social contributions
3 777
-
9 235
-
health
1 360
-
3 325
-
total
5 137
-
12 560
-
Corporate
29 253
49 500
-
-
income
5 558
9 405
-
-
total
5 558
9 405
-
-
Dividends
23 695
40 095
-
-
withholding
3 554
6 014
-
-
total
3 554
6 014
-
-
Income
49 500
49 500
49 500
49 500
Total tax
19 084
15 419
24 381
25 392
After tax
30 416
34 081
25 119
24 108
Living cost
10 275
10 275
10 275
10 275
Free-cash
20 141
23 806
14 844
13 833

Estimated living cost  is ₴10275 per week

₴7137
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
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.
₴2205
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8279
₴6036
₴6814
₴4458
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
municipal
-
-
-
294
regional
-
-
-
558
national
-
-
-
10 972
social contributions
-
-
-
12 731
total
-
-
-
24 555
Employee
38 187
-
49 500
-
social contributions
12 877
-
16 692
-
regional
360
-
489
-
municipal
202
-
263
-
national
6 617
-
9 467
-
total
20 056
-
26 911
-
Employer
38 187
-
49 500
-
total
-
-
-
-
Corporate
11 313
49 500
-
-
nationa
2 715
11 880
-
-
municipal
441
1 931
-
-
total
3 156
13 811
-
-
Dividends
8 157
35 689
-
-
withholding
2 121
9 279
-
-
total
2 121
9 279
-
-
Income
49 500
49 500
49 500
49 500
Total tax
25 333
23 090
26 911
24 555
After tax
24 167
26 410
22 589
24 945
Living cost
18 131
18 131
18 131
18 131
Free-cash
6 036
8 279
4 458
6 814

Estimated living cost  is ₴18131 per week

₴12638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1189
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4025
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴21654
₴20318
₴15011
₴14200
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
10 161
pensions
-
-
-
9 900
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 515
surtax
-
-
-
1 334
total
-
-
-
25 008
Employee
14 209
-
40 892
-
other
-
-
-
-
health
363
-
1 043
-
surtax
46
-
1 206
-
income
2 382
-
9 390
-
pensions
947
-
2 727
-
unemployment
989
-
2 846
-
total
4 727
-
17 212
-
Employer
14 209
-
40 892
-
other
-
-
-
-
unemployment
450
-
1 296
-
pensions
1 894
-
5 451
-
health
647
-
1 860
-
total
2 991
-
8 607
-
Corporate
32 300
49 500
-
-
income
8 398
12 870
-
-
total
8 398
12 870
-
-
Dividends
23 902
36 630
-
-
withholding
3 585
5 495
-
-
total
3 585
5 495
-
-
Income
49 500
49 500
49 500
49 500
Total tax
19 701
18 365
25 819
25 008
After tax
29 799
31 135
23 681
24 492
Living cost
9 481
9 481
9 481
9 481
Free-cash
20 318
21 654
14 200
15 011

Estimated living cost  is ₴9481 per week

₴5797
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2590
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15609
₴14104
₴15178
₴10577
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
11 376
pensions
-
-
-
3 339
total
-
-
-
14 715
Employee
27 213
-
43 483
-
health
395
-
729
-
income
4 901
-
8 308
-
pensions
2 310
-
4 262
-
total
7 606
-
13 299
-
Employer
27 213
-
43 483
-
pensions
2 946
-
5 191
-
health
517
-
826
-
total
3 463
-
6 017
-
Corporate
18 824
49 500
-
-
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.

3 576
9 405
-
-
total
3 576
9 405
-
-
Dividends
15 248
40 095
-
-
withholding
1 144
4 879
-
-
total
1 144
4 879
-
-
Income
49 500
49 500
49 500
49 500
Total tax
15 789
14 284
19 316
14 715
After tax
33 711
35 216
30 184
34 785
Living cost
19 607
19 607
19 607
19 607
Free-cash
14 104
15 609
10 577
15 178

Estimated living cost  is ₴19607 per week

₴14689
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
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.
₴3243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴10042
₴3939
₴8338
₴5881
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
city
-
-
-
522
pensions
-
-
-
4 554
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.

-
-
-
990
regional
-
-
-
1 883
health
-
-
-
112
national
-
-
-
423
total
-
-
-
8 484
Employee
38 242
-
44 304
-
city
410
-
476
-
regional
1 252
-
1 614
-
health
86
-
100
-
pensions
3 213
-
3 722
-
unemployment
-
-
-
-
national
181
-
321
-
total
5 142
-
6 233
-
Employer
38 242
-
44 304
-
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.

765
-
886
-
unemployment
-
-
-
-
pensions
3 213
-
3 722
-
health
86
-
100
-
total
4 064
-
4 708
-
Corporate
6 773
49 500
-
-
regional
1 433
10 469
-
-
national
576
4 207
-
-
total
2 009
14 676
-
-
Dividends
4 765
34 823
-
-
withholding
1 668
12 188
-
-
total
1 668
12 188
-
-
Income
49 500
49 500
49 500
49 500
Total tax
12 883
26 864
10 941
8 484
After tax
36 617
22 636
38 559
41 016
Living cost
32 678
32 678
32 678
32 678
Free-cash
3 939
-10 042
5 881
8 338

Estimated living cost  is ₴32678 per week

₴21250
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2933
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴401
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8094
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4815
₴11783
₴8738
₴13802
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
49 500
trade
-
-
-
5 064
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.

-
-
-
12 397
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.

-
-
-
2 935
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.

-
-
-
682
total
-
-
-
21 078
Employee

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

25 823
-
49 500
-
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.

2 935
-
2 935
-
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
-
682
-
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.

3 036
-
12 397
-
total
6 138
-
16 014
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
23 677
49 500
-
-
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.

196
409
-
-
income
3 552
7 425
-
-
trade
4 061
8 489
-
-
chamber of commerce
99
135
-
-
total
7 908
16 458
-
-
Dividends
15 771
33 043
-
-
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.

208
445
-
-
withholding
3 779
8 098
-
-
total
3 987
8 543
-
-
Income
49 500
49 500
49 500
49 500
Total tax
18 033
25 001
16 014
21 078
After tax
31 467
24 499
33 486
28 422
Living cost
19 684
19 684
19 684
19 684
Free-cash
11 783
4 815
13 802
8 738

Estimated living cost  is ₴19684 per week

₴14376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3478
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10247
₴12787
₴13618
₴15403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
5 638
pensions
-
-
-
11 322
other
-
-
-
1 535
health
-
-
-
1 276
surtax
-
-
-
-
social contributions
-
-
-
1 410
total
-
-
-
21 181
Employee
18 389
-
39 755
-
social contributions
524
-
1 133
-
surtax
-
-
-
-
income
1 085
-
6 383
-
pensions
2 079
-
2 136
-
total
3 688
-
9 652
-
Employer
18 389
-
39 755
-
other
634
-
1 371
-
social contributions
55
-
119
-
unemployment
744
-
1 610
-
pensions
3 021
-
3 709
-
health
1 287
-
2 935
-
total
5 741
-
9 744
-
Corporate
25 368
49 500
-
-
surtax
-
-
-
-
income
7 103
13 860
-
-
total
7 103
13 860
-
-
Dividends
18 265
35 640
-
-
surtax
-
-
-
-
social contributions
3 142
6 130
-
-
withholding
2 338
4 562
-
-
total
5 480
10 692
-
-
Income
49 500
49 500
49 500
49 500
Total tax
22 012
24 552
19 396
21 181
After tax
27 488
24 948
30 104
28 319
Living cost
14 701
14 701
14 701
14 701
Free-cash
12 787
10 247
15 403
13 618

Estimated living cost  is ₴14701 per week

₴9269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
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.
₴3986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11704
₴14090
₴15075
₴16860
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
5 638
pensions
-
-
-
11 322
other
-
-
-
1 535
health
-
-
-
1 276
surtax
-
-
-
-
social contributions
-
-
-
1 410
total
-
-
-
21 181
Employee
16 415
-
39 755
-
social contributions
468
-
1 133
-
surtax
-
-
-
-
income
846
-
6 383
-
pensions
1 857
-
2 136
-
total
3 171
-
9 652
-
Employer
16 415
-
39 755
-
other
567
-
1 371
-
social contributions
49
-
119
-
unemployment
665
-
1 610
-
pensions
2 697
-
3 709
-
health
1 149
-
2 935
-
total
5 127
-
9 744
-
Corporate
27 959
49 500
-
-
surtax
-
-
-
-
income
7 829
13 860
-
-
total
7 829
13 860
-
-
Dividends
20 130
35 640
-
-
surtax
-
-
-
-
social contributions
3 462
6 130
-
-
withholding
2 577
4 562
-
-
total
6 039
10 692
-
-
Income
49 500
49 500
49 500
49 500
Total tax
22 166
24 552
19 396
21 181
After tax
27 334
24 948
30 104
28 319
Living cost
13 244
13 244
13 244
13 244
Free-cash
14 090
11 704
16 860
15 075

Estimated living cost  is ₴13244 per week

₴7681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
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.
₴3967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21087
₴21310
₴22678
₴22426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
7 425
health
-
-
-
3 455
social contributions
-
-
-
6 831
total
-
-
-
17 711
Employee
14 568
-
49 500
-
social contributions
2 011
-
6 831
-
health
1 017
-
3 455
-
income
2 430
-
7 677
-
total
5 458
-
17 963
-
Employer
14 568
-
49 500
-
total
-
-
-
-
Corporate
34 932
49 500
-
-
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%.

1 747
2 475
-
-
total
1 747
2 475
-
-
Dividends
33 185
47 025
-
-
health
2 317
3 283
-
-
social contributions
4 579
6 490
-
-
withholding
4 978
7 054
-
-
total
11 874
16 827
-
-
Income
49 500
49 500
49 500
49 500
Total tax
19 079
19 302
17 963
17 711
After tax
30 421
30 198
31 537
31 789
Living cost
9 111
9 111
9 111
9 111
Free-cash
21 310
21 087
22 426
22 678

Estimated living cost  is ₴9111 per week

₴6097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12498
₴11833
₴9388
-₴962
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
chamber of commerce
-
-
-
198
income
-
-
-
9 109
pensions
-
-
-
9 158
unemployment
-
-
-
2 635
health
-
-
-
3 787
surtax
-
-
-
85
total
-
-
-
24 972
Employee
21 473
17 123
38 372
-
other
214
171
384
-
health
831
663
1 485
-
income
2 445
1 263
8 060
-
pensions
2 199
1 753
3 929
-
unemployment
644
514
1 151
-
total
6 333
4 364
15 009
-
Employer
21 473
17 123
38 372
-
accident
279
223
499
-
other
1 020
813
1 822
-
chamber of commerce
86
68
153
-
unemployment
644
514
1 151
-
surtax
85
85
85
-
pensions
2 695
2 149
4 816
-
payroll
644
514
1 151
-
health
811
647
1 451
-
total
6 264
5 013
11 128
-
Corporate
21 763
27 364
36 741
-
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.

5 441
6 841
9 185
-
total
5 441
6 841
9 185
-
Dividends
16 322
20 523
-
-
withholding
4 489
5 644
-
-
total
4 489
5 644
-
-
Income
49 500
49 500
49 500
49 500
Total tax
22 527
21 862
35 322
24 972
After tax
26 973
27 638
14 178
24 528
Living cost
15 140
15 140
15 140
15 140
Free-cash
11 833
12 498
-962
9 388

Estimated living cost  is ₴15140 per week

₴10098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1292
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12072
₴5630
₴6839
₴3224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
national
-
-
-
16 549
communal

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

-
-
-
2 493
social contributions
-
-
-
7 953
total
-
-
-
26 995
Employee

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

30 735
-
38 340
-
communal

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

1 603
-
1 999
-
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.

1 444
-
1 802
-
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.

2 305
-
2 876
-
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
-
333
-
national
9 449
-
12 440
-
total
15 068
-
19 450
-
Employer

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

30 735
-
38 340
-
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.

400
-
498
-
unemployment

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

448
-
559
-
surtax
3 485
-
4 348
-
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.

2 723
-
3 397
-
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.

1 890
-
2 358
-
total
8 946
-
11 160
-
Corporate
9 819
49 500
-
-
surtax
39
198
-
-
income
1 963
9 900
-
-
total
2 002
10 098
-
-
Dividends
7 816
39 402
-
-
withholding

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

2 188
11 664
-
-
total
2 188
11 664
-
-
Income
49 500
49 500
49 500
49 500
Total tax
28 204
21 762
30 610
26 995
After tax
21 296
27 738
18 890
22 505
Living cost
15 666
15 666
15 666
15 666
Free-cash
5 630
12 072
3 224
6 839

Estimated living cost  is ₴15666 per week

₴10091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17794
₴14398
₴11646
₴10133
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
accident
-
-
-
359
income
-
-
-
10 389
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
22 337
Employee
21 388
-
37 534
-
other
21
-
38
-
income
4 513
-
9 500
-
pensions
1 005
-
1 764
-
unemployment
332
-
582
-
total
5 871
-
11 884
-
Employer
21 388
-
37 534
-
accident
423
-
743
-
other
170
-
300
-
unemployment
1 177
-
2 065
-
pensions
5 047
-
8 858
-
total
6 817
-
11 966
-
Corporate
21 294
49 500
-
-
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.

3 194
7 425
-
-
total
3 194
7 425
-
-
Dividends
18 101
42 075
-
-
withholding
3 703
8 764
-
-
total
3 703
8 764
-
-
Income
49 500
49 500
49 500
49 500
Total tax
19 585
16 189
23 850
22 337
After tax
29 915
33 311
25 650
27 163
Living cost
15 517
15 517
15 517
15 517
Free-cash
14 398
17 794
10 133
11 646

Estimated living cost  is ₴15517 per week

₴11427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1101
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.
₴2766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6698
₴3455
₴4016
₴6028
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
accident
-
-
-
417
income
-
-
-
5 237
pensions
-
-
-
7 419
health
-
-
-
3 478
surtax
-
-
-
2 454
communal
-
-
-
3 129
total
-
-
-
22 134
Employee
32 539
-
44 216
-
health
1 448
-
1 968
-
surtax
1 994
-
2 710
-
income
3 143
-
6 623
-
pensions
2 603
-
3 537
-
total
9 188
-
14 838
-
Employer
32 539
-
44 216
-
accident
293
-
398
-
pensions
2 603
-
3 537
-
health
992
-
1 349
-
total
3 888
-
5 284
-
Corporate
13 073
49 500
-
-
surtax
137
519
-
-
communal
-
3 341
-
-
income
1 961
7 425
-
-
total
2 098
11 285
-
-
Dividends
10 975
38 214
-
-
income
5 875
2 435
-
-
withholding
1 646
5 732
-
-
total
7 521
8 167
-
-
Income
49 500
49 500
49 500
49 500
Total tax
22 695
19 452
20 122
22 134
After tax
26 805
30 048
29 378
27 366
Living cost
23 350
23 350
23 350
23 350
Free-cash
3 455
6 698
6 028
4 016

Estimated living cost  is ₴23350 per week

₴17516
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21484
₴20119
₴14841
₴14030
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
10 161
pensions
-
-
-
9 900
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 515
surtax
-
-
-
1 334
total
-
-
-
25 008
Employee
14 470
-
40 892
-
other
-
-
-
-
health
369
-
1 043
-
surtax
51
-
1 206
-
income
2 426
-
9 390
-
pensions
965
-
2 727
-
unemployment
1 007
-
2 846
-
total
4 818
-
17 212
-
Employer
14 470
-
40 892
-
other
-
-
-
-
unemployment
459
-
1 296
-
pensions
1 929
-
5 451
-
health
658
-
1 860
-
total
3 046
-
8 607
-
Corporate
31 984
49 500
-
-
income
8 316
12 870
-
-
total
8 316
12 870
-
-
Dividends
23 668
36 630
-
-
withholding
3 550
5 495
-
-
total
3 550
5 495
-
-
Income
49 500
49 500
49 500
49 500
Total tax
19 730
18 365
25 819
25 008
After tax
29 770
31 135
23 681
24 492
Living cost
9 651
9 651
9 651
9 651
Free-cash
20 119
21 484
14 030
14 841

Estimated living cost  is ₴9651 per week

₴5827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
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.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴14445
₴13492
₴13183
₴10838
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
municipal
-
-
-
294
regional
-
-
-
746
national
-
-
-
10 972
social contributions
-
-
-
12 731
total
-
-
-
24 743
Employee
23 835
-
49 500
-
social contributions
8 037
-
16 692
-
regional
321
-
666
-
municipal
126
-
263
-
national
3 776
-
9 467
-
total
12 260
-
27 088
-
Employer
23 835
-
49 500
-
total
-
-
-
-
Corporate
25 665
49 500
-
-
nationa
6 159
11 880
-
-
municipal
1 275
2 460
-
-
total
7 434
14 340
-
-
Dividends
18 231
35 160
-
-
withholding
4 740
9 141
-
-
total
4 740
9 141
-
-
Income
49 500
49 500
49 500
49 500
Total tax
24 434
23 481
27 088
24 743
After tax
25 066
26 019
22 412
24 757
Living cost
11 574
11 574
11 574
11 574
Free-cash
13 492
14 445
10 838
13 183

Estimated living cost  is ₴11574 per week

₴7198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3006
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21420
₴16902
₴11447
₴12458
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
4 255
health
-
-
-
6 683
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 454
total
-
-
-
25 392
Employee
18 619
-
36 940
-
social contributions
1 210
-
2 401
-
health
2 514
-
4 987
-
solidarity contribution
-
-
-
-
income
2 234
-
4 433
-
total
5 958
-
11 821
-
Employer
18 619
-
36 940
-
social contributions
4 655
-
9 235
-
health
1 676
-
3 325
-
total
6 331
-
12 560
-
Corporate
24 550
49 500
-
-
income
4 665
9 405
-
-
total
4 665
9 405
-
-
Dividends
19 886
40 095
-
-
withholding
2 983
6 014
-
-
total
2 983
6 014
-
-
Income
49 500
49 500
49 500
49 500
Total tax
19 937
15 419
24 381
25 392
After tax
29 563
34 081
25 119
24 108
Living cost
12 661
12 661
12 661
12 661
Free-cash
16 902
21 420
12 458
11 447

Estimated living cost  is ₴12661 per week

₴9416
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2325
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13977
₴13765
₴10905
₴483
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
chamber of commerce
-
-
-
198
income
-
-
-
9 109
pensions
-
-
-
9 158
unemployment
-
-
-
2 635
health
-
-
-
3 787
surtax
-
-
-
-
total
-
-
-
24 887
Employee
18 782
17 123
38 438
-
other
188
171
384
-
health
727
663
1 487
-
income
1 673
1 263
8 084
-
pensions
1 923
1 753
3 936
-
unemployment
563
514
1 153
-
total
5 074
4 364
15 044
-
Employer
18 782
17 123
38 438
-
accident
244
223
500
-
other
892
813
1 826
-
chamber of commerce
75
68
154
-
unemployment
563
514
1 153
-
surtax
-
-
-
-
pensions
2 357
2 149
4 824
-
payroll
563
514
1 153
-
health
710
647
1 453
-
total
5 404
4 928
11 063
-
Corporate
25 313
27 449
36 807
-
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.

6 328
6 862
9 202
-
total
6 328
6 862
9 202
-
Dividends
18 984
20 586
-
-
withholding
5 221
5 661
-
-
total
5 221
5 661
-
-
Income
49 500
49 500
49 500
49 500
Total tax
22 027
21 815
35 309
24 887
After tax
27 473
27 685
14 191
24 613
Living cost
13 708
13 708
13 708
13 708
Free-cash
13 765
13 977
483
10 905

Estimated living cost  is ₴13708 per week

₴8223
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
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.
₴3840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40959
₴39821
₴42939
₴33534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
49 500
microenterprise

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

-
-
-
495
total
-
-
-
495
Employee
7 582
-
49 500
-
income
1 517
-
9 900
-
total
1 517
-
9 900
-
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%.

41 918
49 500
-
-
total
-
-
-
-
Dividends
41 918
49 500
-
-
withholding
2 096
2 475
-
-
total
2 096
2 475
-
-
Income
49 500
49 500
49 500
49 500
Total tax
3 613
2 475
9 900
495
After tax
45 887
47 025
39 600
49 005
Living cost
6 066
6 066
6 066
6 066
Free-cash
39 821
40 959
33 534
42 939

Estimated living cost  is ₴6066 per week

₴4105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴255
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22556
₴18963
₴13799
₴12379
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
49 500
income
-
-
-
10 191
pensions
-
-
-
9 040
unemployment
-
-
-
74
health
-
-
-
4 871
total
-
-
-
24 176
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.

19 000
-
42 830
-
health
1 227
-
2 767
-
income
3 277
-
9 460
-
pensions
2 945
-
6 639
-
unemployment
27
-
60
-
total
7 476
-
18 926
-
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.

19 000
-
42 830
-
unemployment
11
-
26
-
pensions
1 681
-
3 791
-
health
1 265
-
2 853
-
total
2 957
-
6 670
-
Corporate
27 542
49 500
-
-
income
5 233
9 405
-
-
total
5 233
9 405
-
-
Dividends
22 308
40 095
-
-
withholding
3 346
6 014
-
-
total
3 346
6 014
-
-
Income
49 500
49 500
49 500
49 500
Total tax
19 012
15 419
25 596
24 176
After tax
30 488
34 081
23 904
25 324
Living cost
11 525
11 525
11 525
11 525
Free-cash
18 963
22 556
12 379
13 799

Estimated living cost  is ₴11525 per week

₴7909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
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.
₴2654
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11482
-₴14893
₴15574
₴25185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
9 649
social contributions
-
-
-
5 643
total
-
-
-
15 292
Employee
26 719
-
-
-
social contributions
2 191
-
312
-
income
5 894
-
-
-
total
8 085
-
312
-
Employer
26 719
-
-
-
social contributions
37 674
-
5 369
-
total
37 674
-
5 369
-
Corporate
-
49 500
-
-
income
-
10 890
-
-
total
-
10 890
-
-
Dividends
-
38 610
-
-
income
-
8 494
-
-
total
-
8 494
-
-
Income
49 500
49 500
49 500
49 500
Total tax
45 759
19 384
5 681
15 292
After tax
3 741
30 116
43 819
34 208
Living cost
18 634
18 634
18 634
18 634
Free-cash
-14 893
11 482
25 185
15 574

Estimated living cost  is ₴18634 per week

₴12091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14679
₴14247
₴13894
₴10960
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
49 500
income
-
-
-
4 928
surtax
-
-
-
-
social contributions

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

-
-
-
17 201
total
-
-
-
22 129
Employee
19 762
-
40 000
-
social contributions
2 174
-
4 400
-
surtax
-
-
-
-
income
4 110
-
11 163
-
total
6 284
-
15 563
-
Employer
19 762
-
40 000
-
social contributions
4 693
-
9 500
-
total
4 693
-
9 500
-
Corporate
25 045
49 500
-
-
surtax
-
-
-
-
income
5 259
10 395
-
-
total
5 259
10 395
-
-
Dividends
19 786
39 105
-
-
withholding
5 540
10 949
-
-
total
5 540
10 949
-
-
Income
49 500
49 500
49 500
49 500
Total tax
21 776
21 344
25 063
22 129
After tax
27 724
28 156
24 437
27 371
Living cost
13 477
13 477
13 477
13 477
Free-cash
14 247
14 679
10 960
13 894

Estimated living cost  is ₴13477 per week

₴10084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2374
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4195
₴7148
₴7566
₴9351
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
5 638
pensions
-
-
-
11 322
other
-
-
-
1 535
health
-
-
-
1 276
surtax
-
-
-
-
social contributions
-
-
-
1 410
total
-
-
-
21 181
Employee
26 911
-
39 755
-
social contributions
766
-
1 133
-
surtax
-
-
-
-
income
2 348
-
6 383
-
pensions
3 044
-
2 136
-
total
6 158
-
9 652
-
Employer
26 911
-
39 755
-
other
929
-
1 371
-
social contributions
81
-
119
-
unemployment
1 090
-
1 610
-
pensions
4 422
-
3 709
-
health
1 884
-
2 935
-
total
8 406
-
9 744
-
Corporate
14 184
49 500
-
-
surtax
-
-
-
-
income
3 972
13 860
-
-
total
3 972
13 860
-
-
Dividends
10 212
35 640
-
-
surtax
-
-
-
-
social contributions
1 756
6 130
-
-
withholding
1 307
4 562
-
-
total
3 063
10 692
-
-
Income
49 500
49 500
49 500
49 500
Total tax
21 599
24 552
19 396
21 181
After tax
27 901
24 948
30 104
28 319
Living cost
20 753
20 753
20 753
20 753
Free-cash
7 148
4 195
9 351
7 566

Estimated living cost  is ₴20753 per week

₴14045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4725
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31634
₴30191
₴24442
₴25757
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
1 252
social contributions
-
-
-
10 890
total
-
-
-
12 142
Employee
13 814
-
42 857
-
income
-
-
1 398
-
social contributions
898
-
2 786
-
total
898
-
4 184
-
Employer
13 814
-
42 857
-
social contributions
2 141
-
6 643
-
total
2 141
-
6 643
-
Corporate
33 545
49 500
-
-
income
3 354
4 950
-
-
total
3 354
4 950
-
-
Dividends
30 191
44 550
-
-
total
-
-
-
-
Income
49 500
49 500
49 500
49 500
Total tax
6 393
4 950
10 827
12 142
After tax
43 107
44 550
38 673
37 358
Living cost
12 916
12 916
12 916
12 916
Free-cash
30 191
31 634
25 757
24 442

Estimated living cost  is ₴12916 per week

₴8351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴974
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴44114
-₴44114
₴9622
-₴44114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
municipal
-
-
-
9 534
pensions
-
-
-
372
national
-
-
-
5 349
labour market
-
-
-
3 930
total
-
-
-
19 185
Employee
87 338
87 338
87 338
-
labour market
6 977
6 977
6 977
-
national
10 670
10 670
10 670
-
municipal
18 598
18 598
18 598
-
pensions
124
124
124
-
total
36 369
36 369
36 369
-
Employer
87 338
87 338
87 338
-
labour market
6 987
6 987
6 987
-
municipal
18 628
18 628
18 628
-
pensions
248
248
248
-
national
10 689
10 689
10 689
-
total
36 552
36 552
36 552
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
49 500
49 500
49 500
49 500
Total tax
72 921
72 921
72 921
19 185
After tax
-23 421
-23 421
-23 421
30 315
Living cost
20 693
20 693
20 693
20 693
Free-cash
-44 114
-44 114
-44 114
9 622

Estimated living cost  is ₴20693 per week

₴14162
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1830
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4382
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5281
₴2586
₴24642
₴16684
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
accident
-
-
-
108
income
-
-
-
12 583
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
15 568
Employee
14 614
-
43 006
-
health
1 673
-
4 924
-
income
2 005
-
8 838
-
pensions
1 646
-
3 270
-
total
5 324
-
17 032
-
Employer
14 614
-
43 006
-
accident
244
-
718
-
unemployment
358
-
1 054
-
pensions
2 376
-
4 722
-
total
2 978
-
6 494
-
Corporate
31 907
49 500
-
-
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.

28 716
44 550
-
-
total
28 716
44 550
-
-
Dividends
3 191
4 950
-
-
withholding
606
941
-
-
total
606
941
-
-
Income
49 500
49 500
49 500
49 500
Total tax
37 624
45 491
23 526
15 568
After tax
11 876
4 009
25 974
33 932
Living cost
9 290
9 290
9 290
9 290
Free-cash
2 586
-5 281
16 684
24 642

Estimated living cost  is ₴9290 per week

₴6762
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴530
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1824
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15918
₴15659
₴17922
₴11135
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
49 500
municipal
-
-
-
8 805
health
-
-
-
583
national
-
-
-
5 694
total
-
-
-
15 082
Employee
22 606
-
41 642
-
health
169
-
462
-
municipal
3 703
-
6 794
-
pensions
1 526
-
2 811
-
unemployment
339
-
625
-
national
373
-
3 319
-
total
6 110
-
14 011
-
Employer
22 606
-
41 642
-
accident
23
-
42
-
unemployment
147
-
271
-
pensions
3 922
-
7 225
-
health
174
-
320
-
total
4 266
-
7 858
-
Corporate
22 629
49 500
-
-
income
4 525
9 900
-
-
total
4 525
9 900
-
-
Dividends

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

13 578
29 700
-
-
national
-
1 840
-
-
municipal
2 444
5 346
-
-
total
2 444
7 186
-
-
Income
49 500
49 500
49 500
49 500
Total tax
17 345
17 086
21 869
15 082
After tax
32 155
32 414
27 631
34 418
Living cost
16 496
16 496
16 496
16 496
Free-cash
15 659
15 918
11 135
17 922

Estimated living cost  is ₴16496 per week

₴10775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3872
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26247
₴23911
₴24815
₴24268
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
6 523
health
-
-
-
1 262
social contributions
-
-
-
6 952
total
-
-
-
14 737
Employee
33 040
33 040
44 970
-
social contributions
1 249
2 742
3 699
-
health
256
562
765
-
income
3 597
3 059
6 289
-
total
5 102
6 363
10 753
-
Employer
33 040
33 040
44 970
-
social contributions
1 249
2 742
3 699
-
health
278
612
832
-
total
1 527
3 354
4 531
-
Corporate
32 922
13 106
-
-
income
4 115
1 638
-
-
total
4 115
1 638
-
-
Dividends
28 807
11 468
-
-
withholding
4 897
1 950
-
-
total
4 897
1 950
-
-
Income
49 500
49 500
49 500
49 500
Total tax
15 641
13 305
15 284
14 737
After tax
33 859
36 195
34 216
34 763
Living cost
9 948
9 948
9 948
9 948
Free-cash
23 911
26 247
24 268
24 815

Estimated living cost  is ₴9948 per week

₴5962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2790
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34169
₴31984
₴33558
₴24940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
49 500
income
-
-
-
4 820
pensions
-
-
-
2 733
unemployment
-
-
-
12
health
-
-
-
1 555
total
-
-
-
9 120
Employee

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

9 862
-
45 301
-
health
838
-
3 465
-
income
674
-
3 755
-
pensions
1 479
-
6 115
-
unemployment
49
-
204
-
total
3 040
-
13 539
-
Employer

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

9 862
-
45 301
-
unemployment
49
-
204
-
pensions
542
-
2 242
-
health
424
-
1 753
-
total
1 015
-
4 199
-
Corporate
38 622
49 500
-
-
income
3 476
4 455
-
-
total
3 476
4 455
-
-
Dividends
35 146
45 045
-
-
withholding
3 163
4 054
-
-
total
3 163
4 054
-
-
Income
49 500
49 500
49 500
49 500
Total tax
10 694
8 509
17 738
9 120
After tax
38 806
40 991
31 762
40 380
Living cost
6 822
6 822
6 822
6 822
Free-cash
31 984
34 169
24 940
33 558

Estimated living cost  is ₴6822 per week

₴4353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21495
₴19269
₴15347
₴13834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
accident
-
-
-
359
income
-
-
-
10 389
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
22 337
Employee
15 888
-
37 534
-
other
15
-
38
-
income
3 063
-
9 500
-
pensions
747
-
1 764
-
unemployment
246
-
582
-
total
4 071
-
11 884
-
Employer
15 888
-
37 534
-
accident
315
-
743
-
other
127
-
300
-
unemployment
874
-
2 065
-
pensions
3 749
-
8 858
-
total
5 065
-
11 966
-
Corporate
28 547
49 500
-
-
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.

4 282
7 425
-
-
total
4 282
7 425
-
-
Dividends
24 265
42 075
-
-
withholding
4 997
8 764
-
-
total
4 997
8 764
-
-
Income
49 500
49 500
49 500
49 500
Total tax
18 415
16 189
23 850
22 337
After tax
31 085
33 311
25 650
27 163
Living cost
11 816
11 816
11 816
11 816
Free-cash
19 269
21 495
13 834
15 347

Estimated living cost  is ₴11816 per week

₴7975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29711
₴29517
₴30307
₴30223
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
16 536
pensions
-
-
-
858
health
-
-
-
622
total
-
-
-
18 016
Employee
1 792
-
48 535
-
health
90
-
215
-
income
347
-
16 490
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
616
-
17 134
-
Employer
1 792
-
48 535
-
unemployment
36
-
86
-
pensions
197
-
472
-
health
170
-
408
-
total
403
-
966
-
Corporate
47 305
49 500
-
-
income
10 407
10 890
-
-
total
10 407
10 890
-
-
Dividends
36 898
38 610
-
-
withholding
7 380
7 722
-
-
total
7 380
7 722
-
-
Income
49 500
49 500
49 500
49 500
Total tax
18 806
18 612
18 100
18 016
After tax
30 694
30 888
31 400
31 484
Living cost
1 177
1 177
1 177
1 177
Free-cash
29 517
29 711
30 223
30 307

Estimated living cost  is ₴1177 per week

₴699
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.
₴355
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28334
₴26220
₴19549
₴19549
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
49 500
income
-
-
-
10 520
pensions
-
-
-
8 255
unemployment
-
-
-
476
health
-
-
-
3 270
total
-
-
-
22 521
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.

11 204
-
43 816
-
health
577
-
1 635
-
income
1 544
-
10 520
-
pensions
1 569
-
4 445
-
unemployment
84
-
238
-
total
3 774
-
16 838
-
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.

11 204
-
43 816
-
unemployment
84
-
238
-
pensions
1 344
-
3 810
-
health
577
-
1 635
-
total
2 005
-
5 683
-
Corporate
36 290
49 500
-
-
income
5 444
7 425
-
-
total
5 444
7 425
-
-
Dividends
30 847
42 075
-
-
withholding
4 627
6 311
-
-
total
4 627
6 311
-
-
Income
49 500
49 500
49 500
49 500
Total tax
15 850
13 736
22 521
22 521
After tax
33 650
35 764
26 979
26 979
Living cost
7 430
7 430
7 430
7 430
Free-cash
26 220
28 334
19 549
19 549

Estimated living cost  is ₴7430 per week

₴5003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16572
₴16417
₴15787
₴12853
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
49 500
income
-
-
-
4 928
surtax
-
-
-
-
social contributions

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

-
-
-
17 201
total
-
-
-
22 129
Employee
16 677
-
40 000
-
social contributions
1 835
-
4 400
-
surtax
-
-
-
-
income
3 258
-
11 163
-
total
5 093
-
15 563
-
Employer
16 677
-
40 000
-
social contributions
3 960
-
9 500
-
total
3 960
-
9 500
-
Corporate
28 863
49 500
-
-
surtax
-
-
-
-
income
6 062
10 395
-
-
total
6 062
10 395
-
-
Dividends
22 802
39 105
-
-
withholding
6 384
10 949
-
-
total
6 384
10 949
-
-
Income
49 500
49 500
49 500
49 500
Total tax
21 499
21 344
25 063
22 129
After tax
28 001
28 156
24 437
27 371
Living cost
11 584
11 584
11 584
11 584
Free-cash
16 417
16 572
12 853
15 787

Estimated living cost  is ₴11584 per week

₴8204
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴805
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.
₴2370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18210
₴14960
₴12062
₴10549
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
accident
-
-
-
359
income
-
-
-
10 389
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
22 337
Employee
20 751
-
37 534
-
other
20
-
38
-
income
4 334
-
9 500
-
pensions
975
-
1 764
-
unemployment
321
-
582
-
total
5 650
-
11 884
-
Employer
20 751
-
37 534
-
accident
411
-
743
-
other
166
-
300
-
unemployment
1 142
-
2 065
-
pensions
4 897
-
8 858
-
total
6 616
-
11 966
-
Corporate
22 133
49 500
-
-
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.

3 320
7 425
-
-
total
3 320
7 425
-
-
Dividends
18 812
42 075
-
-
withholding
3 853
8 764
-
-
total
3 853
8 764
-
-
Income
49 500
49 500
49 500
49 500
Total tax
19 439
16 189
23 850
22 337
After tax
30 061
33 311
25 650
27 163
Living cost
15 101
15 101
15 101
15 101
Free-cash
14 960
18 210
10 549
12 062

Estimated living cost  is ₴15101 per week

₴10845
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.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34932
₴32314
₴30678
₴32337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
7 425
pensions

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

-
-
-
2 221
unemployment
-
-
-
60
health
-
-
-
1 726
total
-
-
-
11 432
Employee
9 786
-
46 556
-
health
450
-
690
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
979
-
4 656
-
pensions

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

859
-
1 318
-
total
2 396
-
6 829
-
Employer
9 786
-
46 556
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
unemployment
59
-
90
-
pensions

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

1 078
-
1 654
-
health
675
-
1 035
-
total
1 920
-
2 944
-
Corporate
37 794
49 500
-
-
income
3 779
4 950
-
-
total
3 779
4 950
-
-
Dividends
34 015
44 550
-
-
withholding
1 701
2 228
-
-
total
1 701
2 228
-
-
Income
49 500
49 500
49 500
49 500
Total tax
9 796
7 178
9 773
11 432
After tax
39 704
42 322
39 727
38 068
Living cost
7 390
7 390
7 390
7 390
Free-cash
32 314
34 932
32 337
30 678

Estimated living cost  is ₴7390 per week

₴4888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
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.
₴1903
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8927
₴14551
₴12660
₴16897
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
49 500
trade
-
-
-
4 237
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.

-
-
-
12 397
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.

-
-
-
2 935
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.

-
-
-
682
total
-
-
-
20 251
Employee

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

21 379
-
49 500
-
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.

2 935
-
2 935
-
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
-
682
-
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.

1 758
-
12 397
-
total
4 790
-
16 014
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 121
49 500
-
-
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.

232
409
-
-
income
4 218
7 425
-
-
trade
4 035
7 104
-
-
chamber of commerce
107
138
-
-
total
8 592
15 076
-
-
Dividends
19 529
34 425
-
-
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.

259
465
-
-
withholding
4 719
8 443
-
-
total
4 978
8 908
-
-
Income
49 500
49 500
49 500
49 500
Total tax
18 360
23 984
16 014
20 251
After tax
31 140
25 516
33 486
29 249
Living cost
16 589
16 589
16 589
16 589
Free-cash
14 551
8 927
16 897
12 660

Estimated living cost  is ₴16589 per week

₴11443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1785
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10174
₴11124
₴7786
₴7786
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
12 698
social contributions
-
-
-
4 540
total
-
-
-
17 238
Employee
33 610
-
49 500
-
income
6 342
-
12 698
-
social contributions
2 792
-
4 540
-
total
9 134
-
17 238
-
Employer
33 610
-
49 500
-
total
-
-
-
-
Corporate
15 890
49 500
-
-
income
1 986
6 187
-
-
total
1 986
6 187
-
-
Dividends
13 904
43 313
-
-
withholding
2 780
8 663
-
-
total
2 780
8 663
-
-
Income
49 500
49 500
49 500
49 500
Total tax
13 900
14 850
17 238
17 238
After tax
35 600
34 650
32 262
32 262
Living cost
24 476
24 476
24 476
24 476
Free-cash
11 124
10 174
7 786
7 786

Estimated living cost  is ₴24476 per week

₴18621
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
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.
₴3627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14308
₴15809
₴18793
₴20859
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
49 500
income
-
-
-
12 231
health

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

-
-
-
2 879
total
-
-
-
15 110
Employee
19 711
-
47 524
-
income
2 139
-
9 092
-
social contributions
1 975
-
1 976
-
total
4 114
-
11 068
-
Employer
19 711
-
47 524
-
social contributions
1 975
-
1 976
-
total
1 975
-
1 976
-
Corporate
27 814
49 500
-
-
income
9 735
17 325
-
-
total
9 735
17 325
-
-
Dividends
18 079
32 175
-
-
social contributions
2 270
2 270
-
-
total
2 270
2 270
-
-
Income
49 500
49 500
49 500
49 500
Total tax
18 094
19 595
13 044
15 110
After tax
31 406
29 905
36 456
34 390
Living cost
15 597
15 597
15 597
15 597
Free-cash
15 809
14 308
20 859
18 793

Estimated living cost  is ₴15597 per week

₴10274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1230
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19276
₴18726
₴18845
₴14244
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
income
-
-
-
11 376
pensions
-
-
-
3 339
total
-
-
-
14 715
Employee
21 880
-
43 483
-
health
285
-
729
-
income
3 984
-
8 308
-
pensions
1 670
-
4 262
-
total
5 939
-
13 299
-
Employer
21 880
-
43 483
-
pensions
2 211
-
5 191
-
health
416
-
826
-
total
2 627
-
6 017
-
Corporate
24 994
49 500
-
-
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.

4 749
9 405
-
-
total
4 749
9 405
-
-
Dividends
20 245
40 095
-
-
withholding
1 519
4 879
-
-
total
1 519
4 879
-
-
Income
49 500
49 500
49 500
49 500
Total tax
14 834
14 284
19 316
14 715
After tax
34 666
35 216
30 184
34 785
Living cost
15 940
15 940
15 940
15 940
Free-cash
18 726
19 276
14 244
18 845

Estimated living cost  is ₴15940 per week

₴10935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴199
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3339
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴6201
₴2446
₴23722
₴15764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
accident
-
-
-
108
income
-
-
-
12 583
pensions
-
-
-
1 783
other
-
-
-
159
health
-
-
-
935
total
-
-
-
15 568
Employee
16 061
-
43 006
-
health
1 839
-
4 924
-
income
2 203
-
8 838
-
pensions
1 808
-
3 270
-
total
5 850
-
17 032
-
Employer
16 061
-
43 006
-
accident
268
-
718
-
unemployment
393
-
1 054
-
pensions
2 611
-
4 722
-
total
3 272
-
6 494
-
Corporate
30 166
49 500
-
-
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.

27 149
44 550
-
-
total
27 149
44 550
-
-
Dividends
3 017
4 950
-
-
withholding
573
941
-
-
total
573
941
-
-
Income
49 500
49 500
49 500
49 500
Total tax
36 844
45 491
23 526
15 568
After tax
12 656
4 009
25 974
33 932
Living cost
10 210
10 210
10 210
10 210
Free-cash
2 446
-6 201
15 764
23 722

Estimated living cost  is ₴10210 per week

₴7493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴595
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.
₴1916
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35851
₴33843
₴22320
₴26485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
49 500
work injury
-
-
-
247
health insurance
-
-
-
3 663
income
-
-
-
7 765
pensions
-
-
-
9 108
unemployment
-
-
-
594
total
-
-
-
21 377
Employee

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

9 285
-
49 500
-
work injury
46
-
172
-
income
928
-
7 765
-
pensions
1 708
-
6 321
-
health insurance
687
-
2 542
-
unemployment
111
-
412
-
total
3 480
-
17 212
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 215
49 500
-
-
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%.

402
495
-
-
total
402
495
-
-
Dividends
39 813
49 005
-
-
withholding
5 972
7 351
-
-
total
5 972
7 351
-
-
Income
49 500
49 500
49 500
49 500
Total tax
9 854
7 846
17 212
21 377
After tax
39 646
41 654
32 288
28 123
Living cost
5 803
5 803
5 803
5 803
Free-cash
33 843
35 851
26 485
22 320

Estimated living cost  is ₴5803 per week

₴3595
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.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8956
₴7000
₴7300
₴5036
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
49 500
municipal
-
-
-
331
regional
-
-
-
1 049
national
-
-
-
10 972
social contributions
-
-
-
12 731
total
-
-
-
25 083
Employee
36 207
-
49 500
-
social contributions
12 209
-
16 692
-
regional
547
-
893
-
municipal
216
-
295
-
national
6 119
-
9 467
-
total
19 091
-
27 347
-
Employer
36 207
-
49 500
-
total
-
-
-
-
Corporate
13 293
49 500
-
-
nationa
3 191
11 880
-
-
municipal
641
2 386
-
-
total
3 832
14 266
-
-
Dividends
9 462
35 234
-
-
withholding
2 460
9 161
-
-
total
2 460
9 161
-
-
Income
49 500
49 500
49 500
49 500
Total tax
25 383
23 427
27 347
25 083
After tax
24 117
26 073
22 153
24 417
Living cost
17 117
17 117
17 117
17 117
Free-cash
7 000
8 956
5 036
7 300

Estimated living cost  is ₴17117 per week

₴12024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
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.
₴3657
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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