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
₴ 50000
per

Your estimated
City
free-cash

Dresden , Germany
₴12287
₴17024
₴16033
₴20772
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 000
trade
-
-
-
4 739
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.

-
-
-
12 634
health

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

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

-
-
-
2 926
surtax

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

-
-
-
695
total
-
-
-
20 994
Employee

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

16 382
-
50 000
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
695
-
income

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

458
-
12 634
-
total
3 409
-
16 255
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
33 618
50 000
-
-
surtax

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

277
412
-
-
income
5 043
7 500
-
-
trade
5 295
7 875
-
-
chamber of commerce
113
137
-
-
total
10 728
15 924
-
-
Dividends
22 890
34 076
-
-
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.

306
459
-
-
withholding
5 560
8 357
-
-
total
5 866
8 816
-
-
Income
50 000
50 000
50 000
50 000
Total tax
20 003
24 740
16 255
20 994
After tax
29 997
25 260
33 745
29 006
Living cost
12 973
12 973
12 973
12 973
Free-cash
17 024
12 287
20 772
16 033

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₴9557
₴9196
₴8310
₴8701
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
municipal
-
-
-
5 299
pensions
-
-
-
6 000
national
-
-
-
8 211
social contributions
-
-
-
537
total
-
-
-
20 047
Employee
33 550
-
43 225
-
municipal
4 144
-
5 493
-
pensions
1 342
-
1 729
-
national
6 422
-
8 511
-
total
11 908
-
15 733
-
Employer
33 550
-
43 225
-
social contributions
361
-
465
-
pensions
2 684
-
3 458
-
total
3 045
-
3 923
-
Corporate
11 191
50 000
-
-
income

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

2 238
10 000
-
-
total
2 238
10 000
-
-
Dividends
8 952
40 000
-
-
withholding
1 970
8 800
-
-
total
1 970
8 800
-
-
Income
50 000
50 000
50 000
50 000
Total tax
19 161
18 800
19 656
20 047
After tax
30 839
31 200
30 344
29 953
Living cost
21 643
21 643
21 643
21 643
Free-cash
9 196
9 557
8 701
8 310

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴31089
₴27575
₴17699
₴19189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 000
microenterprise
-
-
-
-
income
-
-
-
7 315
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.

-
-
-
16 075
total
-
-
-
23 390
Employee
12 516
-
40 293
-
social contributions

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

1 377
-
4 432
-
surtax
-
-
-
-
income
2 228
-
7 761
-
total
3 605
-
12 193
-
Employer
12 516
-
40 293
-
social contributions

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

3 015
-
9 707
-
surtax
-
-
-
-
total
3 015
-
9 707
-
Corporate
34 470
50 000
-
-
income

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

6 894
10 000
-
-
total
6 894
10 000
-
-
Dividends

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

27 575
40 000
-
-
total
-
-
-
-
Income
50 000
50 000
50 000
50 000
Total tax
13 514
10 000
21 900
23 390
After tax
36 486
40 000
28 100
26 610
Living cost
8 911
8 911
8 911
8 911
Free-cash
27 575
31 089
19 189
17 699

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴6433
₴3808
₴10656
₴8486
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
11 101
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
21 401
Employee
36 577
36 577
42 550
-
health
5 614
4 775
5 116
-
income

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

5 987
5 987
5 987
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
16 121
-
Employer
36 577
36 577
42 550
-
unemployment
1 317
1 317
1 532
-
pensions
2 546
2 546
2 961
-
health
2 542
2 542
2 957
-
total
6 405
6 405
7 450
-
Corporate
7 467
7 018
-
-
income
1 493
1 404
-
-
total
1 493
1 404
-
-
Dividends
5 974
5 615
-
-
income
1 270
1 193
-
-
withholding
896
842
-
-
total
2 166
2 035
-
-
Income
50 000
50 000
50 000
50 000
Total tax
28 249
25 624
23 571
21 401
After tax
21 751
24 376
26 429
28 599
Living cost
17 943
17 943
17 943
17 943
Free-cash
3 808
6 433
8 486
10 656

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴10751
₴10380
₴10117
₴9670
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
municipal
-
-
-
11 777
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 215
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
1 049
total
-
-
-
23 334
Employee
23 581
-
38 604
-
municipal
7 032
-
11 512
-
national
-
-
872
-
total
7 032
-
12 384
-
Employer
23 581
-
38 604
-
accident
47
-
73
-
other
2 740
-
4 215
-
unemployment
623
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 409
-
11 397
-
Corporate
19 010
50 000
-
-
income
4 182
11 000
-
-
total
4 182
11 000
-
-
Dividends
14 828
39 000
-
-
withholding
4 448
11 700
-
-
total
4 448
11 700
-
-
Income
50 000
50 000
50 000
50 000
Total tax
23 071
22 700
23 781
23 334
After tax
26 929
27 300
26 219
26 666
Living cost
16 549
16 549
16 549
16 549
Free-cash
10 380
10 751
9 670
10 117

Estimated living cost  is ₴16549 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Stockholm model

Close
Hamburg , Germany
₴8177
₴14196
₴11970
₴16919
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 000
trade
-
-
-
4 949
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.

-
-
-
12 634
health

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

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

-
-
-
2 926
surtax

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

-
-
-
695
total
-
-
-
21 204
Employee

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

21 721
-
50 000
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
695
-
income

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

1 866
-
12 634
-
total
4 894
-
16 255
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 279
50 000
-
-
surtax

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

233
412
-
-
income
4 242
7 500
-
-
trade
4 652
8 225
-
-
chamber of commerce
105
136
-
-
total
9 232
16 273
-
-
Dividends
19 047
33 727
-
-
surtax

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

253
455
-
-
withholding
4 599
8 269
-
-
total
4 852
8 724
-
-
Income
50 000
50 000
50 000
50 000
Total tax
18 978
24 997
16 255
21 204
After tax
31 022
25 003
33 745
28 796
Living cost
16 826
16 826
16 826
16 826
Free-cash
14 196
8 177
16 919
11 970

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₴22667
₴20890
₴21209
₴20661
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
6 694
health
-
-
-
1 275
social contributions
-
-
-
6 930
total
-
-
-
14 899
Employee
32 936
32 936
45 472
-
social contributions
1 600
2 733
3 687
-
health
328
560
773
-
income
3 459
3 049
6 459
-
total
5 387
6 342
10 919
-
Employer
32 936
32 936
45 472
-
social contributions
1 600
2 733
3 687
-
health
357
610
841
-
total
1 957
3 343
4 528
-
Corporate
28 764
13 721
-
-
income
3 595
1 715
-
-
total
3 595
1 715
-
-
Dividends
25 169
12 006
-
-
withholding
4 279
2 041
-
-
total
4 279
2 041
-
-
Income
50 000
50 000
50 000
50 000
Total tax
15 218
13 441
15 447
14 899
After tax
34 782
36 559
34 553
35 101
Living cost
13 892
13 892
13 892
13 892
Free-cash
20 890
22 667
20 661
21 209

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴20359
₴20521
₴26855
₴21203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
6 113
pensions
-
-
-
5 000
unemployment
-
-
-
750
health
-
-
-
3 500
total
-
-
-
15 363
Employee

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

The minimum wage is 138,000 HUF per month.

11 234
4 471
41 841
-
health
786
313
2 929
-
income
1 373
547
5 115
-
pensions
1 123
447
4 184
-
unemployment
169
67
628
-
total
3 451
1 374
12 856
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 234
4 471
41 841
-
pensions
2 191
872
8 159
-
total
2 191
872
8 159
-
Corporate
36 576
44 657
-
-
income
3 292
4 019
-
-
total
3 292
4 019
-
-
Dividends
33 284
40 638
-
-
social contributions
6 439
7 873
-
-
withholding
6 324
7 721
-
-
total
12 763
15 594
-
-
Income
50 000
50 000
50 000
50 000
Total tax
21 697
21 859
21 015
15 363
After tax
28 303
28 141
28 985
34 637
Living cost
7 782
7 782
7 782
7 782
Free-cash
20 521
20 359
21 203
26 855

Estimated living cost  is ₴7782 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Tallinn , Estonia
₴29655
₴26994
₴16455
₴18474
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
6 700
pensions
-
-
-
10 000
health
-
-
-
6 500
total
-
-
-
23 200
Employee
12 151
-
37 369
-
income
1 368
-
7 205
-
pensions
243
-
747
-
unemployment
194
-
598
-
total
1 805
-
8 550
-
Employer
12 151
-
37 369
-
unemployment
98
-
299
-
pensions
2 430
-
7 474
-
health
1 579
-
4 858
-
total
4 107
-
12 631
-
Corporate
33 742
50 000
-
-
income
6 749
10 000
-
-
total
6 749
10 000
-
-
Dividends
26 993
40 000
-
-
total
-
-
-
-
Income
50 000
50 000
50 000
50 000
Total tax
12 661
10 000
21 181
23 200
After tax
37 339
40 000
28 819
26 800
Living cost
10 345
10 345
10 345
10 345
Free-cash
26 994
29 655
18 474
16 455

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴5318
₴2613
₴24901
₴16912
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
accident
-
-
-
108
income
-
-
-
12 764
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
15 731
Employee
14 736
-
43 516
-
health
1 687
-
4 983
-
income
2 022
-
9 004
-
pensions
1 659
-
3 249
-
total
5 368
-
17 236
-
Employer
14 736
-
43 516
-
accident
246
-
727
-
unemployment
361
-
1 066
-
pensions
2 396
-
4 691
-
total
3 003
-
6 484
-
Corporate
32 261
50 000
-
-
income

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

29 035
45 000
-
-
total
29 035
45 000
-
-
Dividends
3 226
5 000
-
-
withholding
613
950
-
-
total
613
950
-
-
Income
50 000
50 000
50 000
50 000
Total tax
38 019
45 950
23 720
15 731
After tax
11 981
4 050
26 280
34 269
Living cost
9 368
9 368
9 368
9 368
Free-cash
2 613
-5 318
16 912
24 901

Estimated living cost  is ₴9368 per week

₴6866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴43646
₴42924
₴45646
₴36146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
50 000
microenterprise

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

-
-
-
500
total
-
-
-
500
Employee
4 817
-
50 000
-
income
963
-
10 000
-
total
963
-
10 000
-
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%.

45 183
50 000
-
-
total
-
-
-
-
Dividends
45 183
50 000
-
-
withholding
2 259
2 500
-
-
total
2 259
2 500
-
-
Income
50 000
50 000
50 000
50 000
Total tax
3 222
2 500
10 000
500
After tax
46 778
47 500
40 000
49 500
Living cost
3 854
3 854
3 854
3 854
Free-cash
42 924
43 646
36 146
45 646

Estimated living cost  is ₴3854 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴25322
₴22431
₴15468
₴17538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
6 544
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.

-
-
-
12 000
other
-
-
-
2 375
health
-
-
-
2 200
total
-
-
-
23 119
Employee
15 552
-
39 936
-
health
218
-
559
-
income
2 677
-
7 233
-
pensions

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

1 088
-
2 795
-
unemployment
155
-
399
-
total
4 138
-
10 986
-
Employer
15 552
-
39 936
-
accident
124
-
319
-
other
778
-
1 997
-
unemployment
155
-
399
-
pensions

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

2 644
-
6 789
-
health
218
-
559
-
total
3 919
-
10 063
-
Corporate
30 529
50 000
-
-
income
6 411
10 500
-
-
total
6 411
10 500
-
-
Dividends
24 117
39 500
-
-
withholding
1 688
2 765
-
-
total
1 688
2 765
-
-
Income
50 000
50 000
50 000
50 000
Total tax
16 156
13 265
21 049
23 119
After tax
33 844
36 735
28 951
26 881
Living cost
11 413
11 413
11 413
11 413
Free-cash
22 431
25 322
17 538
15 468

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴6758
₴2816
₴6344
₴1674
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
11 559
pensions
-
-
-
3 353
total
-
-
-
14 912
Employee
40 669
-
43 916
-
health
670
-
737
-
income
7 331
-
8 448
-
pensions
3 923
-
4 312
-
total
11 924
-
13 497
-
Employer
40 669
-
43 916
-
pensions
4 802
-
5 250
-
health
772
-
835
-
total
5 574
-
6 085
-
Corporate
3 757
50 000
-
-
income

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

714
9 500
-
-
total
714
9 500
-
-
Dividends
3 043
40 500
-
-
withholding
228
4 998
-
-
total
228
4 998
-
-
Income
50 000
50 000
50 000
50 000
Total tax
18 440
14 498
19 582
14 912
After tax
31 560
35 502
30 418
35 088
Living cost
28 744
28 744
28 744
28 744
Free-cash
2 816
6 758
1 674
6 344

Estimated living cost  is ₴28744 per week

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

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for London model

Close
Varna , Bulgaria
₴37131
₴35140
₴32883
₴34569
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
7 500
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
11 498
Employee
7 440
-
47 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
4 706
-
pensions

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

653
-
1 314
-
total
1 821
-
6 874
-
Employer
7 440
-
47 063
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
41 100
50 000
-
-
income
4 110
5 000
-
-
total
4 110
5 000
-
-
Dividends
36 989
45 000
-
-
withholding
1 850
2 250
-
-
total
1 850
2 250
-
-
Income
50 000
50 000
50 000
50 000
Total tax
9 241
7 250
9 812
11 498
After tax
40 759
42 750
40 188
38 502
Living cost
5 619
5 619
5 619
5 619
Free-cash
35 140
37 131
34 569
32 883

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴625
₴1702
₴4848
₴2678
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
11 101
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
21 401
Employee
39 710
36 577
42 550
-
health
4 954
4 775
5 116
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
16 121
-
Employer
39 710
36 577
42 550
-
unemployment
1 430
1 317
1 532
-
pensions
2 764
2 546
2 961
-
health
2 759
2 542
2 957
-
total
6 953
6 405
7 450
-
Corporate
3 337
7 018
-
-
income
667
1 404
-
-
total
667
1 404
-
-
Dividends
2 669
5 615
-
-
income
567
1 193
-
-
withholding
401
842
-
-
total
968
2 035
-
-
Income
50 000
50 000
50 000
50 000
Total tax
24 547
25 624
23 571
21 401
After tax
25 453
24 376
26 429
28 599
Living cost
23 751
23 751
23 751
23 751
Free-cash
1 702
625
2 678
4 848

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴24166
₴20505
₴14093
₴15115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
4 298
health
-
-
-
6 750
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 600
total
-
-
-
25 648
Employee
15 086
-
37 313
-
social contributions
981
-
2 425
-
health
2 037
-
5 037
-
solidarity contribution
-
-
-
-
income
1 810
-
4 478
-
total
4 828
-
11 940
-
Employer
15 086
-
37 313
-
social contributions
3 772
-
9 328
-
health
1 358
-
3 358
-
total
5 130
-
12 686
-
Corporate
29 784
50 000
-
-
income
5 659
9 500
-
-
total
5 659
9 500
-
-
Dividends
24 125
40 500
-
-
withholding
3 619
6 075
-
-
total
3 619
6 075
-
-
Income
50 000
50 000
50 000
50 000
Total tax
19 236
15 575
24 626
25 648
After tax
30 764
34 425
25 374
24 352
Living cost
10 259
10 259
10 259
10 259
Free-cash
20 505
24 166
15 115
14 093

Estimated living cost  is ₴10259 per week

₴7126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴8604
₴6367
₴7084
₴4704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
municipal
-
-
-
297
regional
-
-
-
564
national
-
-
-
11 122
social contributions
-
-
-
12 860
total
-
-
-
24 843
Employee
38 066
-
50 000
-
social contributions
12 836
-
16 860
-
regional
359
-
496
-
municipal
202
-
265
-
national
6 596
-
9 602
-
total
19 993
-
27 223
-
Employer
38 066
-
50 000
-
total
-
-
-
-
Corporate
11 934
50 000
-
-
nationa
2 864
12 000
-
-
municipal
466
1 950
-
-
total
3 330
13 950
-
-
Dividends
8 604
36 050
-
-
withholding
2 237
9 373
-
-
total
2 237
9 373
-
-
Income
50 000
50 000
50 000
50 000
Total tax
25 560
23 323
27 223
24 843
After tax
24 440
26 677
22 777
25 157
Living cost
18 073
18 073
18 073
18 073
Free-cash
6 367
8 604
4 704
7 084

Estimated living cost  is ₴18073 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴21998
₴20665
₴15190
₴14370
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
10 344
pensions
-
-
-
10 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 550
surtax
-
-
-
1 366
total
-
-
-
25 358
Employee
14 164
-
41 305
-
other
-
-
-
-
health
362
-
1 053
-
surtax
46
-
1 236
-
income
2 374
-
9 565
-
pensions
944
-
2 755
-
unemployment
986
-
2 875
-
total
4 712
-
17 484
-
Employer
14 164
-
41 305
-
other
-
-
-
-
unemployment
449
-
1 309
-
pensions
1 888
-
5 506
-
health
645
-
1 879
-
total
2 982
-
8 694
-
Corporate
32 854
50 000
-
-
income
8 542
13 000
-
-
total
8 542
13 000
-
-
Dividends
24 313
37 000
-
-
withholding
3 647
5 550
-
-
total
3 647
5 550
-
-
Income
50 000
50 000
50 000
50 000
Total tax
19 883
18 550
26 178
25 358
After tax
30 117
31 450
23 822
24 642
Living cost
9 452
9 452
9 452
9 452
Free-cash
20 665
21 998
14 370
15 190

Estimated living cost  is ₴9452 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴15865
₴14444
₴15451
₴10781
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
11 559
pensions
-
-
-
3 353
total
-
-
-
14 912
Employee
27 255
-
43 916
-
health
396
-
737
-
income
4 909
-
8 448
-
pensions
2 313
-
4 312
-
total
7 618
-
13 497
-
Employer
27 255
-
43 916
-
pensions
2 950
-
5 250
-
health
518
-
835
-
total
3 468
-
6 085
-
Corporate
19 277
50 000
-
-
income

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

3 662
9 500
-
-
total
3 662
9 500
-
-
Dividends
15 614
40 500
-
-
withholding
1 171
4 998
-
-
total
1 171
4 998
-
-
Income
50 000
50 000
50 000
50 000
Total tax
15 919
14 498
19 582
14 912
After tax
34 081
35 502
30 418
35 088
Living cost
19 637
19 637
19 637
19 637
Free-cash
14 444
15 865
10 781
15 451

Estimated living cost  is ₴19637 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴9508
₴4341
₴9022
₴6538
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
city
-
-
-
527
pensions
-
-
-
4 600
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.

-
-
-
1 000
regional
-
-
-
1 926
health
-
-
-
112
national
-
-
-
441
total
-
-
-
8 606
Employee
37 884
-
44 752
-
city
407
-
481
-
regional
1 241
-
1 653
-
health
86
-
101
-
pensions
3 183
-
3 760
-
unemployment
-
-
-
-
national
179
-
339
-
total
5 096
-
6 334
-
Employer
37 884
-
44 752
-
other

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

757
-
895
-
unemployment
-
-
-
-
pensions
3 183
-
3 760
-
health
86
-
101
-
total
4 026
-
4 756
-
Corporate
7 674
50 000
-
-
regional
1 623
10 575
-
-
national
653
4 250
-
-
total
2 276
14 825
-
-
Dividends
5 398
35 175
-
-
withholding
1 889
12 311
-
-
total
1 889
12 311
-
-
Income
50 000
50 000
50 000
50 000
Total tax
13 287
27 136
11 090
8 606
After tax
36 713
22 864
38 910
41 394
Living cost
32 372
32 372
32 372
32 372
Free-cash
4 341
-9 508
6 538
9 022

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
₴5124
₴12070
₴8964
₴14124
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 000
trade
-
-
-
5 160
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.

-
-
-
12 634
health

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

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

-
-
-
2 926
surtax

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

-
-
-
695
total
-
-
-
21 415
Employee

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

25 741
-
50 000
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
695
-
income

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

3 027
-
12 634
-
total
6 120
-
16 255
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
24 259
50 000
-
-
surtax

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

200
412
-
-
income
3 639
7 500
-
-
trade
4 161
8 575
-
-
chamber of commerce
99
136
-
-
total
8 099
16 623
-
-
Dividends
16 160
33 377
-
-
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.

213
450
-
-
withholding
3 877
8 182
-
-
total
4 090
8 632
-
-
Income
50 000
50 000
50 000
50 000
Total tax
18 309
25 255
16 255
21 415
After tax
31 691
24 745
33 745
28 585
Living cost
19 621
19 621
19 621
19 621
Free-cash
12 070
5 124
14 124
8 964

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
₴10546
₴13077
₴13934
₴15645
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
5 776
pensions
-
-
-
11 341
other
-
-
-
1 550
health
-
-
-
1 320
surtax
-
-
-
-
social contributions
-
-
-
1 425
total
-
-
-
21 412
Employee
18 331
-
40 107
-
social contributions
523
-
1 143
-
surtax
-
-
-
-
income
1 082
-
6 488
-
pensions
2 073
-
2 178
-
total
3 678
-
9 809
-
Employer
18 331
-
40 107
-
other
632
-
1 383
-
social contributions
55
-
120
-
unemployment
742
-
1 624
-
pensions
3 011
-
3 777
-
health
1 283
-
2 988
-
total
5 723
-
9 892
-
Corporate
25 944
50 000
-
-
surtax
-
-
-
-
income
7 264
14 000
-
-
total
7 264
14 000
-
-
Dividends
18 680
36 000
-
-
surtax
-
-
-
-
social contributions
3 213
6 192
-
-
withholding
2 391
4 608
-
-
total
5 604
10 800
-
-
Income
50 000
50 000
50 000
50 000
Total tax
22 269
24 800
19 701
21 412
After tax
27 731
25 200
30 299
28 588
Living cost
14 654
14 654
14 654
14 654
Free-cash
13 077
10 546
15 645
13 934

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴11998
₴14377
₴15386
₴17097
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
5 776
pensions
-
-
-
11 341
other
-
-
-
1 550
health
-
-
-
1 320
surtax
-
-
-
-
social contributions
-
-
-
1 425
total
-
-
-
21 412
Employee
16 363
-
40 107
-
social contributions
467
-
1 143
-
surtax
-
-
-
-
income
844
-
6 488
-
pensions
1 851
-
2 178
-
total
3 162
-
9 809
-
Employer
16 363
-
40 107
-
other
565
-
1 383
-
social contributions
49
-
120
-
unemployment
662
-
1 624
-
pensions
2 689
-
3 777
-
health
1 145
-
2 988
-
total
5 110
-
9 892
-
Corporate
28 527
50 000
-
-
surtax
-
-
-
-
income
7 988
14 000
-
-
total
7 988
14 000
-
-
Dividends
20 539
36 000
-
-
surtax
-
-
-
-
social contributions
3 532
6 192
-
-
withholding
2 629
4 608
-
-
total
6 161
10 800
-
-
Income
50 000
50 000
50 000
50 000
Total tax
22 421
24 800
19 701
21 412
After tax
27 579
25 200
30 299
28 588
Living cost
13 202
13 202
13 202
13 202
Free-cash
14 377
11 998
17 097
15 386

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴21423
₴21645
₴23028
₴22745
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
7 500
health
-
-
-
3 490
social contributions
-
-
-
6 900
total
-
-
-
17 890
Employee
14 522
-
50 000
-
social contributions
2 004
-
6 900
-
health
1 014
-
3 490
-
income
2 422
-
7 783
-
total
5 440
-
18 173
-
Employer
14 522
-
50 000
-
total
-
-
-
-
Corporate
35 478
50 000
-
-
income

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

1 774
2 500
-
-
total
1 774
2 500
-
-
Dividends
33 704
47 500
-
-
health
2 352
3 315
-
-
social contributions
4 651
6 555
-
-
withholding
5 056
7 125
-
-
total
12 059
16 995
-
-
Income
50 000
50 000
50 000
50 000
Total tax
19 273
19 495
18 173
17 890
After tax
30 727
30 505
31 827
32 110
Living cost
9 082
9 082
9 082
9 082
Free-cash
21 645
21 423
22 745
23 028

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴12815
₴12154
₴9636
-₴845
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
chamber of commerce
-
-
-
200
income
-
-
-
9 285
pensions
-
-
-
9 250
unemployment
-
-
-
2 627
health
-
-
-
3 825
surtax
-
-
-
85
total
-
-
-
25 272
Employee
21 405
17 069
38 759
-
other
214
171
388
-
health
828
661
1 500
-
income
2 437
1 259
8 209
-
pensions
2 192
1 748
3 969
-
unemployment
642
512
1 163
-
total
6 313
4 351
15 229
-
Employer
21 405
17 069
38 759
-
accident
278
222
504
-
other
1 017
810
1 841
-
chamber of commerce
85
68
155
-
unemployment
642
512
1 163
-
surtax
85
85
85
-
pensions
2 686
2 143
4 864
-
payroll
642
512
1 163
-
health
809
645
1 465
-
total
6 244
4 997
11 240
-
Corporate
22 351
27 934
37 135
-
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.

5 587
6 984
9 284
-
total
5 587
6 984
9 284
-
Dividends
16 763
20 950
-
-
withholding
4 610
5 761
-
-
total
4 610
5 761
-
-
Income
50 000
50 000
50 000
50 000
Total tax
22 754
22 093
35 753
25 272
After tax
27 246
27 907
14 247
24 728
Living cost
15 092
15 092
15 092
15 092
Free-cash
12 154
12 815
-845
9 636

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₴12399
₴5976
₴7065
₴3408
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
national
-
-
-
16 779
communal

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

-
-
-
2 519
social contributions
-
-
-
8 020
total
-
-
-
27 318
Employee

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

30 638
-
38 725
-
communal

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

1 598
-
2 020
-
health

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

1 439
-
1 820
-
pensions

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

2 298
-
2 904
-
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
-
337
-
national
9 419
-
12 621
-
total
15 021
-
19 702
-
Employer

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

30 638
-
38 725
-
accident

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

398
-
503
-
unemployment

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

447
-
566
-
surtax
3 474
-
4 391
-
pensions

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

2 715
-
3 431
-
health

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

1 884
-
2 382
-
total
8 918
-
11 273
-
Corporate
10 444
50 000
-
-
surtax
41
200
-
-
income
2 089
10 000
-
-
total
2 130
10 200
-
-
Dividends
8 314
39 800
-
-
withholding

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

2 338
11 784
-
-
total
2 338
11 784
-
-
Income
50 000
50 000
50 000
50 000
Total tax
28 407
21 984
30 975
27 318
After tax
21 593
28 016
19 025
22 682
Living cost
15 617
15 617
15 617
15 617
Free-cash
5 976
12 399
3 408
7 065

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴18167
₴14792
₴12022
₴10394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
accident
-
-
-
358
income
-
-
-
10 599
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
22 510
Employee
21 321
-
37 913
-
other
21
-
38
-
income
4 499
-
9 644
-
pensions
1 002
-
1 782
-
unemployment
331
-
588
-
total
5 853
-
12 052
-
Employer
21 321
-
37 913
-
accident
422
-
751
-
other
170
-
303
-
unemployment
1 173
-
2 085
-
pensions
5 031
-
8 947
-
total
6 796
-
12 086
-
Corporate
21 883
50 000
-
-
income

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

3 282
7 500
-
-
total
3 282
7 500
-
-
Dividends
18 601
42 500
-
-
withholding
3 809
8 865
-
-
total
3 809
8 865
-
-
Income
50 000
50 000
50 000
50 000
Total tax
19 740
16 365
24 138
22 510
After tax
30 260
33 635
25 862
27 490
Living cost
15 468
15 468
15 468
15 468
Free-cash
14 792
18 167
10 394
12 022

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴7047
₴3786
₴4268
₴6287
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
accident
-
-
-
422
income
-
-
-
5 387
pensions
-
-
-
7 494
health
-
-
-
3 513
surtax
-
-
-
2 479
communal
-
-
-
3 160
total
-
-
-
22 455
Employee
32 436
-
44 662
-
health
1 444
-
1 987
-
surtax
1 988
-
2 737
-
income
3 133
-
6 802
-
pensions
2 594
-
3 573
-
total
9 159
-
15 099
-
Employer
32 436
-
44 662
-
accident
292
-
402
-
pensions
2 594
-
3 573
-
health
989
-
1 362
-
total
3 875
-
5 337
-
Corporate
13 688
50 000
-
-
surtax
144
525
-
-
communal
-
3 375
-
-
income
2 053
7 500
-
-
total
2 197
11 400
-
-
Dividends
11 491
38 600
-
-
income
5 982
2 486
-
-
withholding
1 724
5 790
-
-
total
7 706
8 276
-
-
Income
50 000
50 000
50 000
50 000
Total tax
22 937
19 676
20 436
22 455
After tax
27 063
30 324
29 564
27 545
Living cost
23 277
23 277
23 277
23 277
Free-cash
3 786
7 047
6 287
4 268

Estimated living cost  is ₴23277 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴21830
₴20467
₴15022
₴14202
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
10 344
pensions
-
-
-
10 000
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 550
surtax
-
-
-
1 366
total
-
-
-
25 358
Employee
14 424
-
41 305
-
other
-
-
-
-
health
368
-
1 053
-
surtax
51
-
1 236
-
income
2 418
-
9 565
-
pensions
962
-
2 755
-
unemployment
1 004
-
2 875
-
total
4 803
-
17 484
-
Employer
14 424
-
41 305
-
other
-
-
-
-
unemployment
458
-
1 309
-
pensions
1 923
-
5 506
-
health
656
-
1 879
-
total
3 037
-
8 694
-
Corporate
32 539
50 000
-
-
income
8 461
13 000
-
-
total
8 461
13 000
-
-
Dividends
24 079
37 000
-
-
withholding
3 612
5 550
-
-
total
3 612
5 550
-
-
Income
50 000
50 000
50 000
50 000
Total tax
19 913
18 550
26 178
25 358
After tax
30 087
31 450
23 822
24 642
Living cost
9 620
9 620
9 620
9 620
Free-cash
20 467
21 830
14 202
15 022

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴14743
₴13791
₴13429
₴11062
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
municipal
-
-
-
297
regional
-
-
-
754
national
-
-
-
11 122
social contributions
-
-
-
12 860
total
-
-
-
25 033
Employee
23 759
-
50 000
-
social contributions
8 012
-
16 860
-
regional
320
-
673
-
municipal
126
-
265
-
national
3 764
-
9 602
-
total
12 222
-
27 400
-
Employer
23 759
-
50 000
-
total
-
-
-
-
Corporate
26 241
50 000
-
-
nationa
6 298
12 000
-
-
municipal
1 305
2 485
-
-
total
7 603
14 485
-
-
Dividends
18 638
35 515
-
-
withholding
4 846
9 234
-
-
total
4 846
9 234
-
-
Income
50 000
50 000
50 000
50 000
Total tax
24 671
23 719
27 400
25 033
After tax
25 329
26 281
22 600
24 967
Living cost
11 538
11 538
11 538
11 538
Free-cash
13 791
14 743
11 062
13 429

Estimated living cost  is ₴11538 per week

₴7176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴21784
₴17274
₴11711
₴12733
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
4 298
health
-
-
-
6 750
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 600
total
-
-
-
25 648
Employee
18 590
-
37 313
-
social contributions
1 208
-
2 425
-
health
2 510
-
5 037
-
solidarity contribution
-
-
-
-
income
2 231
-
4 478
-
total
5 949
-
11 940
-
Employer
18 590
-
37 313
-
social contributions
4 648
-
9 328
-
health
1 673
-
3 358
-
total
6 321
-
12 686
-
Corporate
25 089
50 000
-
-
income
4 767
9 500
-
-
total
4 767
9 500
-
-
Dividends
20 322
40 500
-
-
withholding
3 048
6 075
-
-
total
3 048
6 075
-
-
Income
50 000
50 000
50 000
50 000
Total tax
20 085
15 575
24 626
25 648
After tax
29 915
34 425
25 374
24 352
Living cost
12 641
12 641
12 641
12 641
Free-cash
17 274
21 784
12 733
11 711

Estimated living cost  is ₴12641 per week

₴9401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴14288
₴14077
₴11148
₴595
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
chamber of commerce
-
-
-
200
income
-
-
-
9 285
pensions
-
-
-
9 250
unemployment
-
-
-
2 627
health
-
-
-
3 825
surtax
-
-
-
-
total
-
-
-
25 187
Employee
18 723
17 069
38 825
-
other
187
171
389
-
health
724
661
1 503
-
income
1 668
1 259
8 233
-
pensions
1 917
1 748
3 975
-
unemployment
562
512
1 165
-
total
5 058
4 351
15 265
-
Employer
18 723
17 069
38 825
-
accident
243
222
505
-
other
889
810
1 844
-
chamber of commerce
75
68
155
-
unemployment
562
512
1 165
-
surtax
-
-
-
-
pensions
2 350
2 143
4 873
-
payroll
562
512
1 165
-
health
708
645
1 468
-
total
5 389
4 912
11 175
-
Corporate
25 889
28 018
37 200
-
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.

6 472
7 005
9 300
-
total
6 472
7 005
9 300
-
Dividends
19 416
21 013
-
-
withholding
5 339
5 779
-
-
total
5 339
5 779
-
-
Income
50 000
50 000
50 000
50 000
Total tax
22 258
22 047
35 740
25 187
After tax
27 742
27 953
14 260
24 813
Living cost
13 665
13 665
13 665
13 665
Free-cash
14 077
14 288
595
11 148

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴41495
₴40369
₴43495
₴33995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
50 000
microenterprise

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

-
-
-
500
total
-
-
-
500
Employee
7 506
-
50 000
-
income
1 501
-
10 000
-
total
1 501
-
10 000
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

42 494
50 000
-
-
total
-
-
-
-
Dividends
42 494
50 000
-
-
withholding
2 125
2 500
-
-
total
2 125
2 500
-
-
Income
50 000
50 000
50 000
50 000
Total tax
3 626
2 500
10 000
500
After tax
46 374
47 500
40 000
49 500
Living cost
6 005
6 005
6 005
6 005
Free-cash
40 369
41 495
33 995
43 495

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴22937
₴19356
₴14067
₴12634
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 000
income
-
-
-
10 319
pensions
-
-
-
9 131
unemployment
-
-
-
75
health
-
-
-
4 920
total
-
-
-
24 445
Employee

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

18 940
-
43 263
-
health
1 223
-
2 794
-
income
3 266
-
9 581
-
pensions
2 936
-
6 706
-
unemployment
27
-
61
-
total
7 452
-
19 142
-
Employer

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

18 940
-
43 263
-
unemployment
11
-
26
-
pensions
1 676
-
3 829
-
health
1 261
-
2 881
-
total
2 948
-
6 736
-
Corporate
28 111
50 000
-
-
income
5 341
9 500
-
-
total
5 341
9 500
-
-
Dividends
22 770
40 500
-
-
withholding
3 415
6 075
-
-
total
3 415
6 075
-
-
Income
50 000
50 000
50 000
50 000
Total tax
19 156
15 575
25 878
24 445
After tax
30 844
34 425
24 122
25 555
Living cost
11 488
11 488
11 488
11 488
Free-cash
19 356
22 937
12 634
14 067

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴11922
-₴13922
₴16056
₴25862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
9 746
social contributions
-
-
-
5 700
total
-
-
-
15 446
Employee
26 523
-
-
-
social contributions
2 175
-
310
-
income
5 851
-
-
-
total
8 026
-
310
-
Employer
26 523
-
-
-
social contributions
37 398
-
5 330
-
total
37 398
-
5 330
-
Corporate
-
50 000
-
-
income
-
11 000
-
-
total
-
11 000
-
-
Dividends
-
39 000
-
-
income
-
8 580
-
-
total
-
8 580
-
-
Income
50 000
50 000
50 000
50 000
Total tax
45 424
19 580
5 640
15 446
After tax
4 576
30 420
44 360
34 554
Living cost
18 498
18 498
18 498
18 498
Free-cash
-13 922
11 922
25 862
16 056

Estimated living cost  is ₴18498 per week

₴12002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴15005
₴14572
₴14185
₴11185
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 000
income
-
-
-
5 005
surtax
-
-
-
-
social contributions

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

-
-
-
17 375
total
-
-
-
22 380
Employee
19 699
-
40 404
-
social contributions
2 167
-
4 444
-
surtax
-
-
-
-
income
4 098
-
11 340
-
total
6 265
-
15 784
-
Employer
19 699
-
40 404
-
social contributions
4 679
-
9 596
-
total
4 679
-
9 596
-
Corporate
25 622
50 000
-
-
surtax
-
-
-
-
income
5 381
10 500
-
-
total
5 381
10 500
-
-
Dividends
20 241
39 500
-
-
withholding
5 668
11 060
-
-
total
5 668
11 060
-
-
Income
50 000
50 000
50 000
50 000
Total tax
21 993
21 560
25 380
22 380
After tax
28 007
28 440
24 620
27 620
Living cost
13 435
13 435
13 435
13 435
Free-cash
14 572
15 005
11 185
14 185

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴4513
₴7455
₴7901
₴9612
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
5 776
pensions
-
-
-
11 341
other
-
-
-
1 550
health
-
-
-
1 320
surtax
-
-
-
-
social contributions
-
-
-
1 425
total
-
-
-
21 412
Employee
26 826
-
40 107
-
social contributions
764
-
1 143
-
surtax
-
-
-
-
income
2 341
-
6 488
-
pensions
3 034
-
2 178
-
total
6 139
-
9 809
-
Employer
26 826
-
40 107
-
other
926
-
1 383
-
social contributions
80
-
120
-
unemployment
1 087
-
1 624
-
pensions
4 408
-
3 777
-
health
1 878
-
2 988
-
total
8 379
-
9 892
-
Corporate
14 795
50 000
-
-
surtax
-
-
-
-
income
4 143
14 000
-
-
total
4 143
14 000
-
-
Dividends
10 652
36 000
-
-
surtax
-
-
-
-
social contributions
1 833
6 192
-
-
withholding
1 364
4 608
-
-
total
3 197
10 800
-
-
Income
50 000
50 000
50 000
50 000
Total tax
21 858
24 800
19 701
21 412
After tax
28 142
25 200
30 299
28 588
Living cost
20 687
20 687
20 687
20 687
Free-cash
7 455
4 513
9 612
7 901

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴32125
₴30686
₴24826
₴26154
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
1 299
social contributions
-
-
-
11 000
total
-
-
-
12 299
Employee
13 770
-
43 290
-
income
-
-
1 447
-
social contributions
895
-
2 814
-
total
895
-
4 261
-
Employer
13 770
-
43 290
-
social contributions
2 134
-
6 710
-
total
2 134
-
6 710
-
Corporate
34 096
50 000
-
-
income
3 410
5 000
-
-
total
3 410
5 000
-
-
Dividends
30 686
45 000
-
-
total
-
-
-
-
Income
50 000
50 000
50 000
50 000
Total tax
6 439
5 000
10 971
12 299
After tax
43 561
45 000
39 029
37 701
Living cost
12 875
12 875
12 875
12 875
Free-cash
30 686
32 125
26 154
24 826

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴43362
-₴43362
₴9951
-₴43362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
municipal
-
-
-
9 659
pensions
-
-
-
371
national
-
-
-
5 412
labour market
-
-
-
3 970
total
-
-
-
19 412
Employee
87 103
87 103
87 103
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 103
87 103
87 103
-
labour market
6 968
6 968
6 968
-
municipal
18 578
18 578
18 578
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 454
36 454
36 454
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
50 000
50 000
50 000
50 000
Total tax
72 725
72 725
72 725
19 412
After tax
-22 725
-22 725
-22 725
30 588
Living cost
20 637
20 637
20 637
20 637
Free-cash
-43 362
-43 362
-43 362
9 951

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴5180
₴2633
₴25039
₴17050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
accident
-
-
-
108
income
-
-
-
12 764
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
15 731
Employee
14 519
-
43 516
-
health
1 663
-
4 983
-
income
1 992
-
9 004
-
pensions
1 635
-
3 249
-
total
5 290
-
17 236
-
Employer
14 519
-
43 516
-
accident
242
-
727
-
unemployment
356
-
1 066
-
pensions
2 361
-
4 691
-
total
2 959
-
6 484
-
Corporate
32 522
50 000
-
-
income

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

29 270
45 000
-
-
total
29 270
45 000
-
-
Dividends
3 252
5 000
-
-
withholding
618
950
-
-
total
618
950
-
-
Income
50 000
50 000
50 000
50 000
Total tax
38 137
45 950
23 720
15 731
After tax
11 863
4 050
26 280
34 269
Living cost
9 230
9 230
9 230
9 230
Free-cash
2 633
-5 180
17 050
25 039

Estimated living cost  is ₴9230 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴16253
₴16064
₴18258
₴11404
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
50 000
municipal
-
-
-
8 894
health
-
-
-
591
national
-
-
-
5 813
total
-
-
-
15 298
Employee
22 535
-
42 063
-
health
168
-
469
-
municipal
3 691
-
6 863
-
pensions
1 521
-
2 839
-
unemployment
338
-
631
-
national
372
-
3 414
-
total
6 090
-
14 216
-
Employer
22 535
-
42 063
-
accident
23
-
42
-
unemployment
146
-
273
-
pensions
3 910
-
7 298
-
health
173
-
323
-
total
4 252
-
7 936
-
Corporate
23 214
50 000
-
-
income
4 643
10 000
-
-
total
4 643
10 000
-
-
Dividends

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

13 928
30 000
-
-
national
-
1 903
-
-
municipal
2 507
5 400
-
-
total
2 507
7 303
-
-
Income
50 000
50 000
50 000
50 000
Total tax
17 492
17 303
22 152
15 298
After tax
32 508
32 697
27 848
34 702
Living cost
16 444
16 444
16 444
16 444
Free-cash
16 064
16 253
11 404
18 258

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴26642
₴24312
₴25184
₴24636
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
6 694
health
-
-
-
1 275
social contributions
-
-
-
6 930
total
-
-
-
14 899
Employee
32 936
32 936
45 472
-
social contributions
1 245
2 733
3 687
-
health
255
560
773
-
income
3 586
3 049
6 459
-
total
5 086
6 342
10 919
-
Employer
32 936
32 936
45 472
-
social contributions
1 245
2 733
3 687
-
health
277
610
841
-
total
1 522
3 343
4 528
-
Corporate
33 474
13 721
-
-
income
4 184
1 715
-
-
total
4 184
1 715
-
-
Dividends
29 290
12 006
-
-
withholding
4 979
2 041
-
-
total
4 979
2 041
-
-
Income
50 000
50 000
50 000
50 000
Total tax
15 771
13 441
15 447
14 899
After tax
34 229
36 559
34 553
35 101
Living cost
9 917
9 917
9 917
9 917
Free-cash
24 312
26 642
24 636
25 184

Estimated living cost  is ₴9917 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴34605
₴32425
₴34036
₴25446
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
50 000
income
-
-
-
4 877
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
9 164
Employee

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

9 831
-
45 814
-
health
836
-
3 454
-
income
672
-
3 815
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
13 568
-
Employer

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

9 831
-
45 814
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
39 157
50 000
-
-
income
3 524
4 500
-
-
total
3 524
4 500
-
-
Dividends
35 632
45 500
-
-
withholding
3 207
4 095
-
-
total
3 207
4 095
-
-
Income
50 000
50 000
50 000
50 000
Total tax
10 775
8 595
17 754
9 164
After tax
39 225
41 405
32 246
40 836
Living cost
6 800
6 800
6 800
6 800
Free-cash
32 425
34 605
25 446
34 036

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴21857
₴19649
₴15712
₴14084
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
accident
-
-
-
358
income
-
-
-
10 599
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
22 510
Employee
15 837
-
37 913
-
other
15
-
38
-
income
3 053
-
9 644
-
pensions
745
-
1 782
-
unemployment
245
-
588
-
total
4 058
-
12 052
-
Employer
15 837
-
37 913
-
accident
314
-
751
-
other
127
-
303
-
unemployment
871
-
2 085
-
pensions
3 737
-
8 947
-
total
5 049
-
12 086
-
Corporate
29 113
50 000
-
-
income

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

4 367
7 500
-
-
total
4 367
7 500
-
-
Dividends
24 746
42 500
-
-
withholding
5 099
8 865
-
-
total
5 099
8 865
-
-
Income
50 000
50 000
50 000
50 000
Total tax
18 573
16 365
24 138
22 510
After tax
31 427
33 635
25 862
27 490
Living cost
11 778
11 778
11 778
11 778
Free-cash
19 649
21 857
14 084
15 712

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴30030
₴29837
₴30643
₴30561
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
16 715
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
18 187
Employee
1 782
-
49 040
-
health
89
-
213
-
income
345
-
16 670
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
17 310
-
Employer
1 782
-
49 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
47 817
50 000
-
-
income
10 520
11 000
-
-
total
10 520
11 000
-
-
Dividends
37 298
39 000
-
-
withholding
7 460
7 800
-
-
total
7 460
7 800
-
-
Income
50 000
50 000
50 000
50 000
Total tax
18 993
18 800
18 269
18 187
After tax
31 007
31 200
31 731
31 813
Living cost
1 170
1 170
1 170
1 170
Free-cash
29 837
30 030
30 561
30 643

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴28717
₴26609
₴19915
₴19916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 000
income
-
-
-
10 711
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
22 677
Employee

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

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

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

11 170
-
44 334
-
health
575
-
1 630
-
income
1 540
-
10 711
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
17 010
-
Employer

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

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

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

11 170
-
44 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
36 830
50 000
-
-
income
5 525
7 500
-
-
total
5 525
7 500
-
-
Dividends
31 306
42 500
-
-
withholding
4 696
6 375
-
-
total
4 696
6 375
-
-
Income
50 000
50 000
50 000
50 000
Total tax
15 983
13 875
22 676
22 677
After tax
34 017
36 125
27 324
27 323
Living cost
7 408
7 408
7 408
7 408
Free-cash
26 609
28 717
19 916
19 915

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴16893
₴16738
₴16073
₴13073
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 000
income
-
-
-
5 005
surtax
-
-
-
-
social contributions

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

-
-
-
17 375
total
-
-
-
22 380
Employee
16 624
-
40 404
-
social contributions
1 829
-
4 444
-
surtax
-
-
-
-
income
3 248
-
11 340
-
total
5 077
-
15 784
-
Employer
16 624
-
40 404
-
social contributions
3 948
-
9 596
-
total
3 948
-
9 596
-
Corporate
29 428
50 000
-
-
surtax
-
-
-
-
income
6 180
10 500
-
-
total
6 180
10 500
-
-
Dividends
23 248
39 500
-
-
withholding
6 510
11 060
-
-
total
6 510
11 060
-
-
Income
50 000
50 000
50 000
50 000
Total tax
21 715
21 560
25 380
22 380
After tax
28 285
28 440
24 620
27 620
Living cost
11 547
11 547
11 547
11 547
Free-cash
16 738
16 893
13 073
16 073

Estimated living cost  is ₴11547 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴18582
₴15352
₴12437
₴10809
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
accident
-
-
-
358
income
-
-
-
10 599
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
22 510
Employee
20 686
-
37 913
-
other
20
-
38
-
income
4 321
-
9 644
-
pensions
972
-
1 782
-
unemployment
320
-
588
-
total
5 633
-
12 052
-
Employer
20 686
-
37 913
-
accident
410
-
751
-
other
166
-
303
-
unemployment
1 138
-
2 085
-
pensions
4 882
-
8 947
-
total
6 596
-
12 086
-
Corporate
22 719
50 000
-
-
income

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

3 408
7 500
-
-
total
3 408
7 500
-
-
Dividends
19 311
42 500
-
-
withholding
3 958
8 865
-
-
total
3 958
8 865
-
-
Income
50 000
50 000
50 000
50 000
Total tax
19 595
16 365
24 138
22 510
After tax
30 405
33 635
25 862
27 490
Living cost
15 053
15 053
15 053
15 053
Free-cash
15 352
18 582
10 809
12 437

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴35378
₴32767
₴31130
₴32816
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
7 500
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
11 498
Employee
9 762
-
47 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
4 706
-
pensions

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

857
-
1 314
-
total
2 389
-
6 874
-
Employer
9 762
-
47 063
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
38 322
50 000
-
-
income
3 832
5 000
-
-
total
3 832
5 000
-
-
Dividends
34 490
45 000
-
-
withholding
1 724
2 250
-
-
total
1 724
2 250
-
-
Income
50 000
50 000
50 000
50 000
Total tax
9 861
7 250
9 812
11 498
After tax
40 139
42 750
40 188
38 502
Living cost
7 372
7 372
7 372
7 372
Free-cash
32 767
35 378
32 816
31 130

Estimated living cost  is ₴7372 per week

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

Source of data for Sofia model

Close
Berlin , Germany
₴9239
₴14842
₴12891
₴17209
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 000
trade
-
-
-
4 318
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.

-
-
-
12 634
health

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

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

-
-
-
2 926
surtax

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

-
-
-
695
total
-
-
-
20 573
Employee

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

21 311
-
50 000
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
695
-
income

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

1 752
-
12 634
-
total
4 775
-
16 255
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 689
50 000
-
-
surtax

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

237
412
-
-
income
4 303
7 500
-
-
trade
4 117
7 175
-
-
chamber of commerce
107
138
-
-
total
8 764
15 225
-
-
Dividends
19 925
34 775
-
-
surtax

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

265
469
-
-
withholding
4 818
8 531
-
-
total
5 083
9 000
-
-
Income
50 000
50 000
50 000
50 000
Total tax
18 622
24 225
16 255
20 573
After tax
31 378
25 775
33 745
29 427
Living cost
16 536
16 536
16 536
16 536
Free-cash
14 842
9 239
17 209
12 891

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₴10601
₴11547
₴8083
₴8083
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
12 920
social contributions
-
-
-
4 598
total
-
-
-
17 518
Employee
33 504
-
50 000
-
income
6 322
-
12 920
-
social contributions
2 783
-
4 598
-
total
9 105
-
17 518
-
Employer
33 504
-
50 000
-
total
-
-
-
-
Corporate
16 496
50 000
-
-
income
2 062
6 250
-
-
total
2 062
6 250
-
-
Dividends
14 434
43 750
-
-
withholding
2 887
8 750
-
-
total
2 887
8 750
-
-
Income
50 000
50 000
50 000
50 000
Total tax
14 054
15 000
17 518
17 518
After tax
35 946
35 000
32 482
32 482
Living cost
24 399
24 399
24 399
24 399
Free-cash
11 547
10 601
8 083
8 083

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₴14689
₴16185
₴19399
₴21285
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 000
income
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 649
-
48 030
-
income
2 132
-
9 227
-
social contributions
1 969
-
1 970
-
total
4 101
-
11 197
-
Employer
19 649
-
48 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
28 383
50 000
-
-
income
9 934
17 500
-
-
total
9 934
17 500
-
-
Dividends
18 449
32 500
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
50 000
50 000
50 000
50 000
Total tax
18 267
19 763
13 167
15 053
After tax
31 733
30 237
36 833
34 947
Living cost
15 548
15 548
15 548
15 548
Free-cash
16 185
14 689
21 285
19 399

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴19537
₴19071
₴19123
₴14453
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
income
-
-
-
11 559
pensions
-
-
-
3 353
total
-
-
-
14 912
Employee
21 914
-
43 916
-
health
286
-
737
-
income
3 991
-
8 448
-
pensions
1 673
-
4 312
-
total
5 950
-
13 497
-
Employer
21 914
-
43 916
-
pensions
2 214
-
5 250
-
health
416
-
835
-
total
2 630
-
6 085
-
Corporate
25 456
50 000
-
-
income

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

4 837
9 500
-
-
total
4 837
9 500
-
-
Dividends
20 619
40 500
-
-
withholding
1 547
4 998
-
-
total
1 547
4 998
-
-
Income
50 000
50 000
50 000
50 000
Total tax
14 964
14 498
19 582
14 912
After tax
35 036
35 502
30 418
35 088
Living cost
15 965
15 965
15 965
15 965
Free-cash
19 071
19 537
14 453
19 123

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴6093
₴2495
₴24126
₴16137
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
accident
-
-
-
108
income
-
-
-
12 764
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
15 731
Employee
15 956
-
43 516
-
health
1 827
-
4 983
-
income
2 189
-
9 004
-
pensions
1 797
-
3 249
-
total
5 813
-
17 236
-
Employer
15 956
-
43 516
-
accident
266
-
727
-
unemployment
391
-
1 066
-
pensions
2 594
-
4 691
-
total
3 251
-
6 484
-
Corporate
30 792
50 000
-
-
income

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

27 713
45 000
-
-
total
27 713
45 000
-
-
Dividends
3 079
5 000
-
-
withholding
585
950
-
-
total
585
950
-
-
Income
50 000
50 000
50 000
50 000
Total tax
37 362
45 950
23 720
15 731
After tax
12 638
4 050
26 280
34 269
Living cost
10 143
10 143
10 143
10 143
Free-cash
2 495
-6 093
16 137
24 126

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴36290
₴34287
₴22606
₴26938
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 000
work injury
-
-
-
250
health insurance
-
-
-
3 700
income
-
-
-
7 859
pensions
-
-
-
9 200
unemployment
-
-
-
600
total
-
-
-
21 609
Employee

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

9 257
-
50 000
-
work injury
46
-
171
-
income
926
-
7 859
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
17 277
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 743
50 000
-
-
income

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

407
500
-
-
total
407
500
-
-
Dividends
40 336
49 500
-
-
withholding
6 050
7 425
-
-
total
6 050
7 425
-
-
Income
50 000
50 000
50 000
50 000
Total tax
9 928
7 925
17 277
21 609
After tax
40 072
42 075
32 723
28 391
Living cost
5 785
5 785
5 785
5 785
Free-cash
34 287
36 290
26 938
22 606

Estimated living cost  is ₴5785 per week

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

Source of data for Skopje model

Close
Rome , Italy
₴9274
₴7326
₴7557
₴5270
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 000
municipal
-
-
-
334
regional
-
-
-
1 064
national
-
-
-
11 122
social contributions
-
-
-
12 860
total
-
-
-
25 380
Employee
36 093
-
50 000
-
social contributions
12 170
-
16 860
-
regional
545
-
907
-
municipal
215
-
298
-
national
6 099
-
9 602
-
total
19 029
-
27 667
-
Employer
36 093
-
50 000
-
total
-
-
-
-
Corporate
13 907
50 000
-
-
nationa
3 337
12 000
-
-
municipal
671
2 410
-
-
total
4 008
14 410
-
-
Dividends
9 899
35 590
-
-
withholding
2 574
9 253
-
-
total
2 574
9 253
-
-
Income
50 000
50 000
50 000
50 000
Total tax
25 611
23 663
27 667
25 380
After tax
24 389
26 337
22 333
24 620
Living cost
17 063
17 063
17 063
17 063
Free-cash
7 326
9 274
5 270
7 557

Estimated living cost  is ₴17063 per week

₴11986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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