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
₴ 50500
per

Your estimated
City
free-cash

Dresden , Germany
₴12539
₴17278
₴16234
₴21051
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 500
trade
-
-
-
4 817
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.

-
-
-
12 844
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.

-
-
-
706
total
-
-
-
21 293
Employee

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

16 382
-
50 500
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
706
-
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
-
12 844
-
total
3 409
-
16 476
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 118
50 500
-
-
surtax

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

281
417
-
-
income
5 117
7 575
-
-
trade
5 373
7 954
-
-
chamber of commerce
114
137
-
-
total
10 885
16 083
-
-
Dividends
23 232
34 416
-
-
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.

310
464
-
-
withholding
5 645
8 441
-
-
total
5 955
8 905
-
-
Income
50 500
50 500
50 500
50 500
Total tax
20 249
24 988
16 476
21 293
After tax
30 251
25 512
34 024
29 207
Living cost
12 973
12 973
12 973
12 973
Free-cash
17 278
12 539
21 051
16 234

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
₴9869
₴9508
₴8595
₴8991
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
municipal
-
-
-
5 357
pensions
-
-
-
6 060
national
-
-
-
8 302
social contributions
-
-
-
543
total
-
-
-
20 262
Employee
33 550
-
43 657
-
municipal
4 144
-
5 553
-
pensions
1 342
-
1 746
-
national
6 422
-
8 605
-
total
11 908
-
15 904
-
Employer
33 550
-
43 657
-
social contributions
361
-
469
-
pensions
2 684
-
3 493
-
total
3 045
-
3 962
-
Corporate
11 690
50 500
-
-
income

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

2 338
10 100
-
-
total
2 338
10 100
-
-
Dividends
9 352
40 400
-
-
withholding
2 058
8 888
-
-
total
2 058
8 888
-
-
Income
50 500
50 500
50 500
50 500
Total tax
19 349
18 988
19 866
20 262
After tax
31 151
31 512
30 634
30 238
Living cost
21 643
21 643
21 643
21 643
Free-cash
9 508
9 869
8 991
8 595

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
₴31489
₴27975
₴17960
₴19465
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 500
microenterprise
-
-
-
-
income
-
-
-
7 393
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.

-
-
-
16 236
total
-
-
-
23 629
Employee
12 515
-
40 696
-
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
-
4 477
-
surtax
-
-
-
-
income
2 228
-
7 843
-
total
3 605
-
12 320
-
Employer
12 515
-
40 696
-
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
-
9 804
-
surtax
-
-
-
-
total
3 015
-
9 804
-
Corporate
34 970
50 500
-
-
income

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

6 994
10 100
-
-
total
6 994
10 100
-
-
Dividends

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

27 976
40 400
-
-
total
-
-
-
-
Income
50 500
50 500
50 500
50 500
Total tax
13 614
10 100
22 124
23 629
After tax
36 886
40 400
28 376
26 871
Living cost
8 911
8 911
8 911
8 911
Free-cash
27 975
31 489
19 465
17 960

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
₴6687
₴4063
₴10966
₴8887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
11 291
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
21 591
Employee
36 576
36 576
42 975
-
health
5 614
4 775
5 140
-
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
16 145
-
Employer
36 576
36 576
42 975
-
unemployment
1 317
1 317
1 547
-
pensions
2 546
2 546
2 991
-
health
2 542
2 542
2 987
-
total
6 405
6 405
7 525
-
Corporate
7 968
7 519
-
-
income
1 594
1 504
-
-
total
1 594
1 504
-
-
Dividends
6 374
6 015
-
-
income
1 354
1 279
-
-
withholding
956
902
-
-
total
2 310
2 181
-
-
Income
50 500
50 500
50 500
50 500
Total tax
28 494
25 870
23 670
21 591
After tax
22 006
24 630
26 830
28 909
Living cost
17 943
17 943
17 943
17 943
Free-cash
4 063
6 687
8 887
10 966

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
₴11025
₴10654
₴10369
₴9923
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
municipal
-
-
-
11 926
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
1 150
total
-
-
-
23 583
Employee
23 580
-
39 105
-
municipal
7 032
-
11 661
-
national
-
-
972
-
total
7 032
-
12 633
-
Employer
23 580
-
39 105
-
accident
47
-
73
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 408
-
11 396
-
Corporate
19 511
50 500
-
-
income
4 292
11 110
-
-
total
4 292
11 110
-
-
Dividends
15 219
39 390
-
-
withholding
4 566
11 817
-
-
total
4 566
11 817
-
-
Income
50 500
50 500
50 500
50 500
Total tax
23 298
22 927
24 029
23 583
After tax
27 202
27 573
26 471
26 917
Living cost
16 548
16 548
16 548
16 548
Free-cash
10 654
11 025
9 923
10 369

Estimated living cost  is ₴16548 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
₴8426
₴14444
₴12167
₴17198
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 500
trade
-
-
-
5 031
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.

-
-
-
12 844
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.

-
-
-
706
total
-
-
-
21 507
Employee

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

21 721
-
50 500
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
706
-
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
-
12 844
-
total
4 894
-
16 476
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 779
50 500
-
-
surtax

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

237
417
-
-
income
4 317
7 575
-
-
trade
4 735
8 307
-
-
chamber of commerce
106
137
-
-
total
9 395
16 436
-
-
Dividends
19 385
34 064
-
-
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.

258
459
-
-
withholding
4 683
8 353
-
-
total
4 941
8 812
-
-
Income
50 500
50 500
50 500
50 500
Total tax
19 230
25 248
16 476
21 507
After tax
31 270
25 252
34 024
28 993
Living cost
16 826
16 826
16 826
16 826
Free-cash
14 444
8 426
17 198
12 167

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
₴23029
₴21254
₴21550
₴20999
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
6 841
health
-
-
-
1 287
social contributions
-
-
-
6 930
total
-
-
-
15 058
Employee
32 935
32 935
45 963
-
social contributions
1 600
2 733
3 687
-
health
328
560
781
-
income
3 458
3 049
6 604
-
total
5 386
6 342
11 072
-
Employer
32 935
32 935
45 963
-
social contributions
1 600
2 733
3 687
-
health
357
610
850
-
total
1 957
3 343
4 537
-
Corporate
29 264
14 222
-
-
income
3 658
1 778
-
-
total
3 658
1 778
-
-
Dividends
25 606
12 444
-
-
withholding
4 353
2 116
-
-
total
4 353
2 116
-
-
Income
50 500
50 500
50 500
50 500
Total tax
15 354
13 579
15 609
15 058
After tax
35 146
36 921
34 891
35 442
Living cost
13 892
13 892
13 892
13 892
Free-cash
21 254
23 029
20 999
21 550

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
₴20637
₴20800
₴27200
₴21492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
6 174
pensions
-
-
-
5 050
unemployment
-
-
-
758
health
-
-
-
3 535
total
-
-
-
15 517
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
42 259
-
health
786
313
2 958
-
income
1 373
547
5 166
-
pensions
1 123
447
4 226
-
unemployment
169
67
634
-
total
3 451
1 374
12 984
-
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
42 259
-
pensions
2 191
872
8 241
-
total
2 191
872
8 241
-
Corporate
37 075
45 157
-
-
income
3 337
4 064
-
-
total
3 337
4 064
-
-
Dividends
33 738
41 093
-
-
social contributions
6 528
7 962
-
-
withholding
6 410
7 808
-
-
total
12 938
15 770
-
-
Income
50 500
50 500
50 500
50 500
Total tax
21 917
22 080
21 225
15 517
After tax
28 583
28 420
29 275
34 983
Living cost
7 783
7 783
7 783
7 783
Free-cash
20 800
20 637
21 492
27 200

Estimated living cost  is ₴7783 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
₴30055
₴27394
₴16723
₴18764
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
6 767
pensions
-
-
-
10 100
health
-
-
-
6 565
total
-
-
-
23 432
Employee
12 151
-
37 741
-
income
1 368
-
7 276
-
pensions
243
-
755
-
unemployment
194
-
604
-
total
1 805
-
8 635
-
Employer
12 151
-
37 741
-
unemployment
98
-
302
-
pensions
2 430
-
7 548
-
health
1 579
-
4 906
-
total
4 107
-
12 756
-
Corporate
34 242
50 500
-
-
income
6 849
10 100
-
-
total
6 849
10 100
-
-
Dividends
27 394
40 400
-
-
total
-
-
-
-
Income
50 500
50 500
50 500
50 500
Total tax
12 761
10 100
21 391
23 432
After tax
37 739
40 400
29 109
27 068
Living cost
10 345
10 345
10 345
10 345
Free-cash
27 394
30 055
18 764
16 723

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
-₴5275
₴2654
₴25244
₴17203
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
accident
-
-
-
108
income
-
-
-
12 925
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
15 890
Employee
14 734
-
43 997
-
health
1 687
-
5 038
-
income
2 021
-
9 141
-
pensions
1 659
-
3 248
-
total
5 367
-
17 427
-
Employer
14 734
-
43 997
-
accident
246
-
735
-
unemployment
361
-
1 078
-
pensions
2 396
-
4 691
-
total
3 003
-
6 504
-
Corporate
32 763
50 500
-
-
income

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

29 487
45 450
-
-
total
29 487
45 450
-
-
Dividends
3 276
5 050
-
-
withholding
623
959
-
-
total
623
959
-
-
Income
50 500
50 500
50 500
50 500
Total tax
38 480
46 409
23 931
15 890
After tax
12 020
4 091
26 569
34 610
Living cost
9 366
9 366
9 366
9 366
Free-cash
2 654
-5 275
17 203
25 244

Estimated living cost  is ₴9366 per week

₴6865
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴195
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1787
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴44122
₴43400
₴46142
₴36547
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
50 500
microenterprise

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

-
-
-
505
total
-
-
-
505
Employee
4 817
-
50 500
-
income
963
-
10 100
-
total
963
-
10 100
-
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%.

45 683
50 500
-
-
total
-
-
-
-
Dividends
45 683
50 500
-
-
withholding
2 284
2 525
-
-
total
2 284
2 525
-
-
Income
50 500
50 500
50 500
50 500
Total tax
3 247
2 525
10 100
505
After tax
47 253
47 975
40 400
49 995
Living cost
3 853
3 853
3 853
3 853
Free-cash
43 400
44 122
36 547
46 142

Estimated living cost  is ₴3853 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴25689
₴22798
₴15717
₴17807
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
6 628
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.

-
-
-
12 121
other
-
-
-
2 399
health
-
-
-
2 222
total
-
-
-
23 370
Employee
15 552
-
40 335
-
health
218
-
565
-
income
2 677
-
7 323
-
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
-
2 824
-
unemployment
155
-
403
-
total
4 138
-
11 115
-
Employer
15 552
-
40 335
-
accident
124
-
323
-
other
778
-
2 017
-
unemployment
155
-
403
-
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
-
6 857
-
health
218
-
565
-
total
3 919
-
10 165
-
Corporate
31 029
50 500
-
-
income
6 516
10 605
-
-
total
6 516
10 605
-
-
Dividends
24 513
39 895
-
-
withholding
1 716
2 793
-
-
total
1 716
2 793
-
-
Income
50 500
50 500
50 500
50 500
Total tax
16 289
13 398
21 280
23 370
After tax
34 211
37 102
29 220
27 130
Living cost
11 413
11 413
11 413
11 413
Free-cash
22 798
25 689
17 807
15 717

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
₴7030
₴3191
₴6636
₴1927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
11 756
pensions
-
-
-
3 363
total
-
-
-
15 119
Employee
40 669
-
44 348
-
health
670
-
741
-
income
7 331
-
8 616
-
pensions
3 923
-
4 320
-
total
11 924
-
13 677
-
Employer
40 669
-
44 348
-
pensions
4 802
-
5 309
-
health
772
-
842
-
total
5 574
-
6 151
-
Corporate
4 256
50 500
-
-
income

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

808
9 595
-
-
total
808
9 595
-
-
Dividends
3 448
40 905
-
-
withholding
258
5 130
-
-
total
258
5 130
-
-
Income
50 500
50 500
50 500
50 500
Total tax
18 564
14 725
19 828
15 119
After tax
31 936
35 775
30 672
35 381
Living cost
28 745
28 745
28 745
28 745
Free-cash
3 191
7 030
1 927
6 636

Estimated living cost  is ₴28745 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₴37558
₴35568
₴33308
₴35019
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
7 575
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
-
-
-
11 573
Employee
7 440
-
47 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
4 756
-
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
-
6 924
-
Employer
7 440
-
47 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
41 600
50 500
-
-
income
4 160
5 050
-
-
total
4 160
5 050
-
-
Dividends
37 440
45 450
-
-
withholding
1 872
2 273
-
-
total
1 872
2 273
-
-
Income
50 500
50 500
50 500
50 500
Total tax
9 313
7 323
9 862
11 573
After tax
41 187
43 177
40 638
38 927
Living cost
5 619
5 619
5 619
5 619
Free-cash
35 568
37 558
35 019
33 308

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
₴879
₴1956
₴5158
₴3079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
11 291
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
21 591
Employee
39 710
36 576
42 975
-
health
4 954
4 775
5 140
-
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
16 145
-
Employer
39 710
36 576
42 975
-
unemployment
1 430
1 317
1 547
-
pensions
2 764
2 546
2 991
-
health
2 759
2 542
2 987
-
total
6 953
6 405
7 525
-
Corporate
3 837
7 519
-
-
income
767
1 504
-
-
total
767
1 504
-
-
Dividends
3 070
6 015
-
-
income
653
1 279
-
-
withholding
461
902
-
-
total
1 114
2 181
-
-
Income
50 500
50 500
50 500
50 500
Total tax
24 793
25 870
23 670
21 591
After tax
25 707
24 630
26 830
28 909
Living cost
23 751
23 751
23 751
23 751
Free-cash
1 956
879
3 079
5 158

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
₴24511
₴20851
₴14338
₴15368
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
4 340
health
-
-
-
6 818
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 746
total
-
-
-
25 904
Employee
15 086
-
37 687
-
social contributions
981
-
2 450
-
health
2 037
-
5 088
-
solidarity contribution
-
-
-
-
income
1 810
-
4 522
-
total
4 828
-
12 060
-
Employer
15 086
-
37 687
-
social contributions
3 771
-
9 422
-
health
1 358
-
3 392
-
total
5 129
-
12 814
-
Corporate
30 285
50 500
-
-
income
5 754
9 595
-
-
total
5 754
9 595
-
-
Dividends
24 531
40 905
-
-
withholding
3 680
6 136
-
-
total
3 680
6 136
-
-
Income
50 500
50 500
50 500
50 500
Total tax
19 391
15 731
24 874
25 904
After tax
31 109
34 769
25 626
24 596
Living cost
10 258
10 258
10 258
10 258
Free-cash
20 851
24 511
15 368
14 338

Estimated living cost  is ₴10258 per week

₴7125
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴8871
₴6633
₴7304
₴4903
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
municipal
-
-
-
300
regional
-
-
-
571
national
-
-
-
11 263
social contributions
-
-
-
12 989
total
-
-
-
25 123
Employee
38 066
-
50 500
-
social contributions
12 836
-
17 028
-
regional
359
-
501
-
municipal
202
-
267
-
national
6 596
-
9 728
-
total
19 993
-
27 524
-
Employer
38 066
-
50 500
-
total
-
-
-
-
Corporate
12 434
50 500
-
-
nationa
2 985
12 120
-
-
municipal
485
1 969
-
-
total
3 470
14 089
-
-
Dividends
8 964
36 411
-
-
withholding
2 331
9 467
-
-
total
2 331
9 467
-
-
Income
50 500
50 500
50 500
50 500
Total tax
25 794
23 556
27 524
25 123
After tax
24 706
26 944
22 976
25 377
Living cost
18 073
18 073
18 073
18 073
Free-cash
6 633
8 871
4 903
7 304

Estimated living cost  is ₴18073 per week

₴12598
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴22314
₴20981
₴15365
₴14536
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
10 508
pensions
-
-
-
10 100
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 585
surtax
-
-
-
1 393
total
-
-
-
25 684
Employee
14 164
-
41 718
-
other
-
-
-
-
health
362
-
1 064
-
surtax
46
-
1 262
-
income
2 374
-
9 721
-
pensions
944
-
2 782
-
unemployment
986
-
2 903
-
total
4 712
-
17 732
-
Employer
14 164
-
41 718
-
other
-
-
-
-
unemployment
449
-
1 322
-
pensions
1 888
-
5 561
-
health
645
-
1 898
-
total
2 982
-
8 781
-
Corporate
33 355
50 500
-
-
income
8 672
13 130
-
-
total
8 672
13 130
-
-
Dividends
24 683
37 370
-
-
withholding
3 702
5 605
-
-
total
3 702
5 605
-
-
Income
50 500
50 500
50 500
50 500
Total tax
20 068
18 735
26 513
25 684
After tax
30 432
31 765
23 987
24 816
Living cost
9 451
9 451
9 451
9 451
Free-cash
20 981
22 314
14 536
15 365

Estimated living cost  is ₴9451 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴16137
₴14817
₴15743
₴11034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
11 756
pensions
-
-
-
3 363
total
-
-
-
15 119
Employee
27 256
-
44 348
-
health
396
-
741
-
income
4 909
-
8 616
-
pensions
2 313
-
4 320
-
total
7 618
-
13 677
-
Employer
27 256
-
44 348
-
pensions
2 950
-
5 309
-
health
518
-
842
-
total
3 468
-
6 151
-
Corporate
19 776
50 500
-
-
income

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

3 758
9 595
-
-
total
3 758
9 595
-
-
Dividends
16 018
40 905
-
-
withholding
1 201
5 130
-
-
total
1 201
5 130
-
-
Income
50 500
50 500
50 500
50 500
Total tax
16 045
14 725
19 828
15 119
After tax
34 455
35 775
30 672
35 381
Living cost
19 638
19 638
19 638
19 638
Free-cash
14 817
16 137
11 034
15 743

Estimated living cost  is ₴19638 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴9281
₴4570
₴9417
₴6911
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
city
-
-
-
532
pensions
-
-
-
4 646
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.

-
-
-
1 010
regional
-
-
-
1 956
health
-
-
-
114
national
-
-
-
453
total
-
-
-
8 711
Employee
37 883
-
45 200
-
city
407
-
486
-
regional
1 240
-
1 681
-
health
86
-
101
-
pensions
3 183
-
3 797
-
unemployment
-
-
-
-
national
179
-
350
-
total
5 095
-
6 415
-
Employer
37 883
-
45 200
-
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
-
904
-
unemployment
-
-
-
-
pensions
3 183
-
3 797
-
health
86
-
101
-
total
4 026
-
4 802
-
Corporate
8 174
50 500
-
-
regional
1 729
10 681
-
-
national
695
4 293
-
-
total
2 424
14 974
-
-
Dividends
5 751
35 527
-
-
withholding
2 013
12 435
-
-
total
2 013
12 435
-
-
Income
50 500
50 500
50 500
50 500
Total tax
13 558
27 409
11 217
8 711
After tax
36 942
23 091
39 283
41 789
Living cost
32 372
32 372
32 372
32 372
Free-cash
4 570
-9 281
6 911
9 417

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
₴5372
₴12316
₴9157
₴14403
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 500
trade
-
-
-
5 246
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.

-
-
-
12 844
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.

-
-
-
706
total
-
-
-
21 722
Employee

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

25 741
-
50 500
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
706
-
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
-
12 844
-
total
6 120
-
16 476
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
24 759
50 500
-
-
surtax

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

204
417
-
-
income
3 714
7 575
-
-
trade
4 246
8 660
-
-
chamber of commerce
100
136
-
-
total
8 264
16 788
-
-
Dividends
16 495
33 712
-
-
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.

218
454
-
-
withholding
3 961
8 265
-
-
total
4 179
8 719
-
-
Income
50 500
50 500
50 500
50 500
Total tax
18 563
25 507
16 476
21 722
After tax
31 937
24 993
34 024
28 778
Living cost
19 621
19 621
19 621
19 621
Free-cash
12 316
5 372
14 403
9 157

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
₴10798
₴13328
₴14208
₴15867
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
5 894
pensions
-
-
-
11 383
other
-
-
-
1 565
health
-
-
-
1 357
surtax
-
-
-
-
social contributions
-
-
-
1 439
total
-
-
-
21 638
Employee
18 331
-
40 472
-
social contributions
523
-
1 153
-
surtax
-
-
-
-
income
1 082
-
6 583
-
pensions
2 073
-
2 215
-
total
3 678
-
9 951
-
Employer
18 331
-
40 472
-
other
632
-
1 396
-
social contributions
55
-
121
-
unemployment
742
-
1 639
-
pensions
3 011
-
3 836
-
health
1 283
-
3 036
-
total
5 723
-
10 028
-
Corporate
26 444
50 500
-
-
surtax
-
-
-
-
income
7 405
14 140
-
-
total
7 405
14 140
-
-
Dividends
19 040
36 360
-
-
surtax
-
-
-
-
social contributions
3 275
6 254
-
-
withholding
2 437
4 654
-
-
total
5 712
10 908
-
-
Income
50 500
50 500
50 500
50 500
Total tax
22 518
25 048
19 979
21 638
After tax
27 982
25 452
30 521
28 862
Living cost
14 654
14 654
14 654
14 654
Free-cash
13 328
10 798
15 867
14 208

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
₴12250
₴14629
₴15660
₴17319
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
5 894
pensions
-
-
-
11 383
other
-
-
-
1 565
health
-
-
-
1 357
surtax
-
-
-
-
social contributions
-
-
-
1 439
total
-
-
-
21 638
Employee
16 363
-
40 472
-
social contributions
467
-
1 153
-
surtax
-
-
-
-
income
844
-
6 583
-
pensions
1 851
-
2 215
-
total
3 162
-
9 951
-
Employer
16 363
-
40 472
-
other
565
-
1 396
-
social contributions
49
-
121
-
unemployment
662
-
1 639
-
pensions
2 689
-
3 836
-
health
1 145
-
3 036
-
total
5 110
-
10 028
-
Corporate
29 027
50 500
-
-
surtax
-
-
-
-
income
8 127
14 140
-
-
total
8 127
14 140
-
-
Dividends
20 900
36 360
-
-
surtax
-
-
-
-
social contributions
3 595
6 254
-
-
withholding
2 675
4 654
-
-
total
6 270
10 908
-
-
Income
50 500
50 500
50 500
50 500
Total tax
22 669
25 048
19 979
21 638
After tax
27 831
25 452
30 521
28 862
Living cost
13 202
13 202
13 202
13 202
Free-cash
14 629
12 250
17 319
15 660

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
₴21727
₴21949
₴23349
₴23041
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
7 575
health
-
-
-
3 525
social contributions
-
-
-
6 969
total
-
-
-
18 069
Employee
14 522
-
50 500
-
social contributions
2 004
-
6 969
-
health
1 014
-
3 525
-
income
2 422
-
7 883
-
total
5 440
-
18 377
-
Employer
14 522
-
50 500
-
total
-
-
-
-
Corporate
35 978
50 500
-
-
income

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

1 799
2 525
-
-
total
1 799
2 525
-
-
Dividends
34 179
47 975
-
-
health
2 386
3 349
-
-
social contributions
4 717
6 620
-
-
withholding
5 127
7 197
-
-
total
12 230
17 166
-
-
Income
50 500
50 500
50 500
50 500
Total tax
19 469
19 691
18 377
18 069
After tax
31 031
30 809
32 123
32 431
Living cost
9 082
9 082
9 082
9 082
Free-cash
21 949
21 727
23 041
23 349

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
₴13087
₴12426
₴9920
-₴760
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
chamber of commerce
-
-
-
202
income
-
-
-
9 490
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
85
total
-
-
-
25 488
Employee
21 405
17 069
39 148
-
other
214
171
392
-
health
828
661
1 515
-
income
2 437
1 259
8 343
-
pensions
2 192
1 748
4 009
-
unemployment
642
512
1 175
-
total
6 313
4 351
15 434
-
Employer
21 405
17 069
39 148
-
accident
278
222
509
-
other
1 017
810
1 859
-
chamber of commerce
85
68
157
-
unemployment
642
512
1 175
-
surtax
85
85
85
-
pensions
2 686
2 143
4 913
-
payroll
642
512
1 175
-
health
809
645
1 480
-
total
6 244
4 997
11 353
-
Corporate
22 851
28 434
37 523
-
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.

5 712
7 109
9 381
-
total
5 712
7 109
9 381
-
Dividends
17 139
21 325
-
-
withholding
4 713
5 864
-
-
total
4 713
5 864
-
-
Income
50 500
50 500
50 500
50 500
Total tax
22 982
22 321
36 168
25 488
After tax
27 518
28 179
14 332
25 012
Living cost
15 092
15 092
15 092
15 092
Free-cash
12 426
13 087
-760
9 920

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
₴12677
₴6254
₴7254
₴3557
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
national
-
-
-
16 993
communal

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

-
-
-
2 545
social contributions
-
-
-
8 091
total
-
-
-
27 629
Employee

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

30 637
-
39 113
-
communal

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

1 598
-
2 040
-
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
-
1 838
-
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
-
2 933
-
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
-
341
-
national
9 419
-
12 789
-
total
15 021
-
19 941
-
Employer

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

30 637
-
39 113
-
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
-
508
-
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
-
571
-
surtax
3 474
-
4 435
-
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
-
3 465
-
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
-
2 406
-
total
8 918
-
11 385
-
Corporate
10 944
50 500
-
-
surtax
44
202
-
-
income
2 189
10 100
-
-
total
2 233
10 302
-
-
Dividends
8 712
40 198
-
-
withholding

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

2 457
11 904
-
-
total
2 457
11 904
-
-
Income
50 500
50 500
50 500
50 500
Total tax
28 629
22 206
31 326
27 629
After tax
21 871
28 294
19 174
22 871
Living cost
15 617
15 617
15 617
15 617
Free-cash
6 254
12 677
3 557
7 254

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
₴18495
₴15128
₴12336
₴10619
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
accident
-
-
-
358
income
-
-
-
10 785
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
22 696
Employee
21 320
-
38 292
-
other
21
-
38
-
income
4 498
-
9 775
-
pensions
1 002
-
1 800
-
unemployment
331
-
593
-
total
5 852
-
12 206
-
Employer
21 320
-
38 292
-
accident
422
-
758
-
other
170
-
306
-
unemployment
1 173
-
2 106
-
pensions
5 031
-
9 037
-
total
6 796
-
12 207
-
Corporate
22 384
50 500
-
-
income

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

3 358
7 575
-
-
total
3 358
7 575
-
-
Dividends
19 026
42 925
-
-
withholding
3 898
8 962
-
-
total
3 898
8 962
-
-
Income
50 500
50 500
50 500
50 500
Total tax
19 904
16 537
24 413
22 696
After tax
30 596
33 963
26 087
27 804
Living cost
15 468
15 468
15 468
15 468
Free-cash
15 128
18 495
10 619
12 336

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
₴7332
₴4047
₴4469
₴6497
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
accident
-
-
-
426
income
-
-
-
5 516
pensions
-
-
-
7 570
health
-
-
-
3 548
surtax
-
-
-
2 503
communal
-
-
-
3 192
total
-
-
-
22 755
Employee
32 436
-
45 109
-
health
1 444
-
2 008
-
surtax
1 988
-
2 764
-
income
3 133
-
6 955
-
pensions
2 594
-
3 609
-
total
9 159
-
15 336
-
Employer
32 436
-
45 109
-
accident
292
-
406
-
pensions
2 594
-
3 609
-
health
989
-
1 376
-
total
3 875
-
5 391
-
Corporate
14 189
50 500
-
-
surtax
149
530
-
-
communal
-
3 409
-
-
income
2 128
7 575
-
-
total
2 277
11 514
-
-
Dividends
11 912
38 986
-
-
income
6 079
2 530
-
-
withholding
1 787
5 848
-
-
total
7 866
8 378
-
-
Income
50 500
50 500
50 500
50 500
Total tax
23 177
19 892
20 727
22 755
After tax
27 323
30 608
29 773
27 745
Living cost
23 276
23 276
23 276
23 276
Free-cash
4 047
7 332
6 497
4 469

Estimated living cost  is ₴23276 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
₴22145
₴20782
₴15196
₴14367
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
10 508
pensions
-
-
-
10 100
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 585
surtax
-
-
-
1 393
total
-
-
-
25 684
Employee
14 424
-
41 718
-
other
-
-
-
-
health
368
-
1 064
-
surtax
51
-
1 262
-
income
2 418
-
9 721
-
pensions
962
-
2 782
-
unemployment
1 004
-
2 903
-
total
4 803
-
17 732
-
Employer
14 424
-
41 718
-
other
-
-
-
-
unemployment
458
-
1 322
-
pensions
1 923
-
5 561
-
health
656
-
1 898
-
total
3 037
-
8 781
-
Corporate
33 039
50 500
-
-
income
8 591
13 130
-
-
total
8 591
13 130
-
-
Dividends
24 449
37 370
-
-
withholding
3 667
5 605
-
-
total
3 667
5 605
-
-
Income
50 500
50 500
50 500
50 500
Total tax
20 098
18 735
26 513
25 684
After tax
30 402
31 765
23 987
24 816
Living cost
9 620
9 620
9 620
9 620
Free-cash
20 782
22 145
14 367
15 196

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
₴15006
₴14054
₴13649
₴11259
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
municipal
-
-
-
300
regional
-
-
-
761
national
-
-
-
11 263
social contributions
-
-
-
12 989
total
-
-
-
25 313
Employee
23 759
-
50 500
-
social contributions
8 012
-
17 028
-
regional
320
-
680
-
municipal
126
-
267
-
national
3 764
-
9 728
-
total
12 222
-
27 703
-
Employer
23 759
-
50 500
-
total
-
-
-
-
Corporate
26 741
50 500
-
-
nationa
6 418
12 120
-
-
municipal
1 329
2 510
-
-
total
7 747
14 630
-
-
Dividends
18 994
35 870
-
-
withholding
4 939
9 326
-
-
total
4 939
9 326
-
-
Income
50 500
50 500
50 500
50 500
Total tax
24 908
23 956
27 703
25 313
After tax
25 592
26 544
22 797
25 187
Living cost
11 538
11 538
11 538
11 538
Free-cash
14 054
15 006
11 259
13 649

Estimated living cost  is ₴11538 per week

₴7175
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴22128
₴17619
₴11955
₴12985
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
4 340
health
-
-
-
6 818
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 746
total
-
-
-
25 904
Employee
18 589
-
37 687
-
social contributions
1 208
-
2 450
-
health
2 510
-
5 088
-
solidarity contribution
-
-
-
-
income
2 231
-
4 522
-
total
5 949
-
12 060
-
Employer
18 589
-
37 687
-
social contributions
4 647
-
9 422
-
health
1 673
-
3 392
-
total
6 320
-
12 814
-
Corporate
25 590
50 500
-
-
income
4 862
9 595
-
-
total
4 862
9 595
-
-
Dividends
20 728
40 905
-
-
withholding
3 109
6 136
-
-
total
3 109
6 136
-
-
Income
50 500
50 500
50 500
50 500
Total tax
20 240
15 731
24 874
25 904
After tax
30 260
34 769
25 626
24 596
Living cost
12 641
12 641
12 641
12 641
Free-cash
17 619
22 128
12 985
11 955

Estimated living cost  is ₴12641 per week

₴9400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴14560
₴14347
₴11432
₴683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
chamber of commerce
-
-
-
202
income
-
-
-
9 490
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
-
total
-
-
-
25 403
Employee
18 723
17 069
39 214
-
other
187
171
392
-
health
724
661
1 518
-
income
1 668
1 259
8 367
-
pensions
1 917
1 748
4 015
-
unemployment
562
512
1 176
-
total
5 058
4 351
15 468
-
Employer
18 723
17 069
39 214
-
accident
243
222
510
-
other
889
810
1 863
-
chamber of commerce
75
68
157
-
unemployment
562
512
1 176
-
surtax
-
-
-
-
pensions
2 350
2 143
4 922
-
payroll
562
512
1 176
-
health
708
645
1 483
-
total
5 389
4 912
11 287
-
Corporate
26 389
28 519
37 589
-
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.

6 598
7 130
9 397
-
total
6 598
7 130
9 397
-
Dividends
19 792
21 389
-
-
withholding
5 443
5 882
-
-
total
5 443
5 882
-
-
Income
50 500
50 500
50 500
50 500
Total tax
22 488
22 275
36 152
25 403
After tax
28 012
28 225
14 348
25 097
Living cost
13 665
13 665
13 665
13 665
Free-cash
14 347
14 560
683
11 432

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
₴41970
₴40844
₴43990
₴34395
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
50 500
microenterprise

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

-
-
-
505
total
-
-
-
505
Employee
7 506
-
50 500
-
income
1 501
-
10 100
-
total
1 501
-
10 100
-
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%.

42 994
50 500
-
-
total
-
-
-
-
Dividends
42 994
50 500
-
-
withholding
2 150
2 525
-
-
total
2 150
2 525
-
-
Income
50 500
50 500
50 500
50 500
Total tax
3 651
2 525
10 100
505
After tax
46 849
47 975
40 400
49 995
Living cost
6 005
6 005
6 005
6 005
Free-cash
40 844
41 970
34 395
43 990

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
₴23281
₴19700
₴14303
₴12855
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 500
income
-
-
-
10 441
pensions
-
-
-
9 223
unemployment
-
-
-
76
health
-
-
-
4 969
total
-
-
-
24 709
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
-
43 696
-
health
1 223
-
2 823
-
income
3 266
-
9 696
-
pensions
2 936
-
6 773
-
unemployment
27
-
61
-
total
7 452
-
19 353
-
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
-
43 696
-
unemployment
11
-
26
-
pensions
1 676
-
3 867
-
health
1 261
-
2 911
-
total
2 948
-
6 804
-
Corporate
28 611
50 500
-
-
income
5 436
9 595
-
-
total
5 436
9 595
-
-
Dividends
23 175
40 905
-
-
withholding
3 476
6 136
-
-
total
3 476
6 136
-
-
Income
50 500
50 500
50 500
50 500
Total tax
19 312
15 731
26 157
24 709
After tax
31 188
34 769
24 343
25 791
Living cost
11 488
11 488
11 488
11 488
Free-cash
19 700
23 281
12 855
14 303

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
₴12228
-₴13415
₴16404
₴26365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
9 843
social contributions
-
-
-
5 757
total
-
-
-
15 600
Employee
26 521
-
-
-
social contributions
2 175
-
310
-
income
5 850
-
-
-
total
8 025
-
310
-
Employer
26 521
-
-
-
social contributions
37 394
-
5 329
-
total
37 394
-
5 329
-
Corporate
-
50 500
-
-
income
-
11 110
-
-
total
-
11 110
-
-
Dividends
-
39 390
-
-
income
-
8 666
-
-
total
-
8 666
-
-
Income
50 500
50 500
50 500
50 500
Total tax
45 419
19 776
5 639
15 600
After tax
5 081
30 724
44 861
34 900
Living cost
18 496
18 496
18 496
18 496
Free-cash
-13 415
12 228
26 365
16 404

Estimated living cost  is ₴18496 per week

₴12001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴15290
₴14859
₴14441
₴11382
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 500
income
-
-
-
5 076
surtax
-
-
-
-
social contributions

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

-
-
-
17 548
total
-
-
-
22 624
Employee
19 699
-
40 808
-
social contributions
2 167
-
4 489
-
surtax
-
-
-
-
income
4 097
-
11 502
-
total
6 264
-
15 991
-
Employer
19 699
-
40 808
-
social contributions
4 678
-
9 692
-
total
4 678
-
9 692
-
Corporate
26 122
50 500
-
-
surtax
-
-
-
-
income
5 486
10 605
-
-
total
5 486
10 605
-
-
Dividends
20 637
39 895
-
-
withholding
5 778
11 170
-
-
total
5 778
11 170
-
-
Income
50 500
50 500
50 500
50 500
Total tax
22 206
21 775
25 683
22 624
After tax
28 294
28 725
24 817
27 876
Living cost
13 435
13 435
13 435
13 435
Free-cash
14 859
15 290
11 382
14 441

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
₴4765
₴7708
₴8175
₴9834
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
5 894
pensions
-
-
-
11 383
other
-
-
-
1 565
health
-
-
-
1 357
surtax
-
-
-
-
social contributions
-
-
-
1 439
total
-
-
-
21 638
Employee
26 826
-
40 472
-
social contributions
764
-
1 153
-
surtax
-
-
-
-
income
2 341
-
6 583
-
pensions
3 034
-
2 215
-
total
6 139
-
9 951
-
Employer
26 826
-
40 472
-
other
926
-
1 396
-
social contributions
80
-
121
-
unemployment
1 087
-
1 639
-
pensions
4 408
-
3 836
-
health
1 878
-
3 036
-
total
8 379
-
10 028
-
Corporate
15 296
50 500
-
-
surtax
-
-
-
-
income
4 283
14 140
-
-
total
4 283
14 140
-
-
Dividends
11 013
36 360
-
-
surtax
-
-
-
-
social contributions
1 895
6 254
-
-
withholding
1 409
4 654
-
-
total
3 304
10 908
-
-
Income
50 500
50 500
50 500
50 500
Total tax
22 105
25 048
19 979
21 638
After tax
28 395
25 452
30 521
28 862
Living cost
20 687
20 687
20 687
20 687
Free-cash
7 708
4 765
9 834
8 175

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
₴32575
₴31137
₴25177
₴26520
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
1 338
social contributions
-
-
-
11 110
total
-
-
-
12 448
Employee
13 770
-
43 723
-
income
-
-
1 487
-
social contributions
895
-
2 842
-
total
895
-
4 329
-
Employer
13 770
-
43 723
-
social contributions
2 134
-
6 776
-
total
2 134
-
6 776
-
Corporate
34 596
50 500
-
-
income
3 459
5 050
-
-
total
3 459
5 050
-
-
Dividends
31 136
45 450
-
-
total
-
-
-
-
Income
50 500
50 500
50 500
50 500
Total tax
6 488
5 050
11 105
12 448
After tax
44 012
45 450
39 395
38 052
Living cost
12 875
12 875
12 875
12 875
Free-cash
31 137
32 575
26 520
25 177

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
-₴42861
-₴42861
₴10232
-₴42861
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
municipal
-
-
-
9 778
pensions
-
-
-
371
national
-
-
-
5 472
labour market
-
-
-
4 010
total
-
-
-
19 631
Employee
87 102
87 102
87 102
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 102
87 102
87 102
-
labour market
6 968
6 968
6 968
-
municipal
18 577
18 577
18 577
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 453
36 453
36 453
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
50 500
50 500
50 500
50 500
Total tax
72 724
72 724
72 724
19 631
After tax
-22 224
-22 224
-22 224
30 869
Living cost
20 637
20 637
20 637
20 637
Free-cash
-42 861
-42 861
-42 861
10 232

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
-₴5137
₴2676
₴25382
₴17341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
accident
-
-
-
108
income
-
-
-
12 925
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
15 890
Employee
14 517
-
43 997
-
health
1 662
-
5 038
-
income
1 992
-
9 141
-
pensions
1 635
-
3 248
-
total
5 289
-
17 427
-
Employer
14 517
-
43 997
-
accident
242
-
735
-
unemployment
356
-
1 078
-
pensions
2 360
-
4 691
-
total
2 958
-
6 504
-
Corporate
33 025
50 500
-
-
income

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

29 722
45 450
-
-
total
29 722
45 450
-
-
Dividends
3 302
5 050
-
-
withholding
627
959
-
-
total
627
959
-
-
Income
50 500
50 500
50 500
50 500
Total tax
38 596
46 409
23 931
15 890
After tax
11 904
4 091
26 569
34 610
Living cost
9 228
9 228
9 228
9 228
Free-cash
2 676
-5 137
17 341
25 382

Estimated living cost  is ₴9228 per week

₴6717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴16547
₴16410
₴18558
₴11633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
50 500
municipal
-
-
-
8 982
health
-
-
-
599
national
-
-
-
5 917
total
-
-
-
15 498
Employee
22 534
-
42 483
-
health
168
-
475
-
municipal
3 691
-
6 931
-
pensions
1 521
-
2 868
-
unemployment
338
-
637
-
national
372
-
3 496
-
total
6 090
-
14 407
-
Employer
22 534
-
42 483
-
accident
23
-
42
-
unemployment
146
-
276
-
pensions
3 910
-
7 371
-
health
173
-
327
-
total
4 252
-
8 016
-
Corporate
23 714
50 500
-
-
income
4 743
10 100
-
-
total
4 743
10 100
-
-
Dividends

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

14 228
30 300
-
-
national
-
1 955
-
-
municipal
2 561
5 454
-
-
total
2 561
7 409
-
-
Income
50 500
50 500
50 500
50 500
Total tax
17 646
17 509
22 423
15 498
After tax
32 854
32 991
28 077
35 002
Living cost
16 444
16 444
16 444
16 444
Free-cash
16 410
16 547
11 633
18 558

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
₴27004
₴24674
₴25525
₴24974
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
6 841
health
-
-
-
1 287
social contributions
-
-
-
6 930
total
-
-
-
15 058
Employee
32 935
32 935
45 963
-
social contributions
1 245
2 733
3 687
-
health
255
560
781
-
income
3 586
3 049
6 604
-
total
5 086
6 342
11 072
-
Employer
32 935
32 935
45 963
-
social contributions
1 245
2 733
3 687
-
health
277
610
850
-
total
1 522
3 343
4 537
-
Corporate
33 974
14 222
-
-
income
4 247
1 778
-
-
total
4 247
1 778
-
-
Dividends
29 728
12 444
-
-
withholding
5 054
2 116
-
-
total
5 054
2 116
-
-
Income
50 500
50 500
50 500
50 500
Total tax
15 909
13 579
15 609
15 058
After tax
34 591
36 921
34 891
35 442
Living cost
9 917
9 917
9 917
9 917
Free-cash
24 674
27 004
24 974
25 525

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
₴35019
₴32839
₴34481
₴25890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
50 500
income
-
-
-
4 932
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
9 219
Employee

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

9 831
-
46 314
-
health
836
-
3 454
-
income
672
-
3 871
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
13 624
-
Employer

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

9 831
-
46 314
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
39 657
50 500
-
-
income
3 569
4 545
-
-
total
3 569
4 545
-
-
Dividends
36 088
45 955
-
-
withholding
3 248
4 136
-
-
total
3 248
4 136
-
-
Income
50 500
50 500
50 500
50 500
Total tax
10 861
8 681
17 810
9 219
After tax
39 639
41 819
32 690
41 281
Living cost
6 800
6 800
6 800
6 800
Free-cash
32 839
35 019
25 890
34 481

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
₴22185
₴19985
₴16026
₴14309
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
accident
-
-
-
358
income
-
-
-
10 785
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
22 696
Employee
15 837
-
38 292
-
other
15
-
38
-
income
3 053
-
9 775
-
pensions
745
-
1 800
-
unemployment
245
-
593
-
total
4 058
-
12 206
-
Employer
15 837
-
38 292
-
accident
314
-
758
-
other
127
-
306
-
unemployment
871
-
2 106
-
pensions
3 737
-
9 037
-
total
5 049
-
12 207
-
Corporate
29 614
50 500
-
-
income

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

4 442
7 575
-
-
total
4 442
7 575
-
-
Dividends
25 172
42 925
-
-
withholding
5 188
8 962
-
-
total
5 188
8 962
-
-
Income
50 500
50 500
50 500
50 500
Total tax
18 737
16 537
24 413
22 696
After tax
31 763
33 963
26 087
27 804
Living cost
11 778
11 778
11 778
11 778
Free-cash
19 985
22 185
14 309
16 026

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
₴30342
₴30149
₴30968
₴30886
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
16 890
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
18 362
Employee
1 782
-
49 540
-
health
89
-
213
-
income
345
-
16 845
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
17 485
-
Employer
1 782
-
49 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
48 317
50 500
-
-
income
10 630
11 110
-
-
total
10 630
11 110
-
-
Dividends
37 688
39 390
-
-
withholding
7 538
7 878
-
-
total
7 538
7 878
-
-
Income
50 500
50 500
50 500
50 500
Total tax
19 181
18 988
18 444
18 362
After tax
31 319
31 512
32 056
32 138
Living cost
1 170
1 170
1 170
1 170
Free-cash
30 149
30 342
30 886
30 968

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
₴29078
₴26970
₴20290
₴20291
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 500
income
-
-
-
10 836
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
22 802
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
-
44 834
-
health
575
-
1 630
-
income
1 540
-
10 836
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
17 135
-
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
-
44 834
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
37 330
50 500
-
-
income
5 600
7 575
-
-
total
5 600
7 575
-
-
Dividends
31 731
42 925
-
-
withholding
4 760
6 439
-
-
total
4 760
6 439
-
-
Income
50 500
50 500
50 500
50 500
Total tax
16 122
14 014
22 801
22 802
After tax
34 378
36 486
27 699
27 698
Living cost
7 408
7 408
7 408
7 408
Free-cash
26 970
29 078
20 291
20 290

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
₴17178
₴17023
₴16329
₴13270
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 500
income
-
-
-
5 076
surtax
-
-
-
-
social contributions

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

-
-
-
17 548
total
-
-
-
22 624
Employee
16 624
-
40 808
-
social contributions
1 829
-
4 489
-
surtax
-
-
-
-
income
3 248
-
11 502
-
total
5 077
-
15 991
-
Employer
16 624
-
40 808
-
social contributions
3 948
-
9 692
-
total
3 948
-
9 692
-
Corporate
29 928
50 500
-
-
surtax
-
-
-
-
income
6 285
10 605
-
-
total
6 285
10 605
-
-
Dividends
23 644
39 895
-
-
withholding
6 620
11 170
-
-
total
6 620
11 170
-
-
Income
50 500
50 500
50 500
50 500
Total tax
21 930
21 775
25 683
22 624
After tax
28 570
28 725
24 817
27 876
Living cost
11 547
11 547
11 547
11 547
Free-cash
17 023
17 178
13 270
16 329

Estimated living cost  is ₴11547 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴18910
₴15689
₴12751
₴11034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
accident
-
-
-
358
income
-
-
-
10 785
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
22 696
Employee
20 686
-
38 292
-
other
20
-
38
-
income
4 320
-
9 775
-
pensions
972
-
1 800
-
unemployment
320
-
593
-
total
5 632
-
12 206
-
Employer
20 686
-
38 292
-
accident
410
-
758
-
other
166
-
306
-
unemployment
1 138
-
2 106
-
pensions
4 882
-
9 037
-
total
6 596
-
12 207
-
Corporate
23 219
50 500
-
-
income

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

3 483
7 575
-
-
total
3 483
7 575
-
-
Dividends
19 737
42 925
-
-
withholding
4 047
8 962
-
-
total
4 047
8 962
-
-
Income
50 500
50 500
50 500
50 500
Total tax
19 758
16 537
24 413
22 696
After tax
30 742
33 963
26 087
27 804
Living cost
15 053
15 053
15 053
15 053
Free-cash
15 689
18 910
11 034
12 751

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
₴35805
₴33194
₴31555
₴33266
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
7 575
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
-
-
-
11 573
Employee
9 762
-
47 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
4 756
-
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
-
6 924
-
Employer
9 762
-
47 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
38 822
50 500
-
-
income
3 882
5 050
-
-
total
3 882
5 050
-
-
Dividends
34 940
45 450
-
-
withholding
1 747
2 273
-
-
total
1 747
2 273
-
-
Income
50 500
50 500
50 500
50 500
Total tax
9 934
7 323
9 862
11 573
After tax
40 566
43 177
40 638
38 927
Living cost
7 372
7 372
7 372
7 372
Free-cash
33 194
35 805
33 266
31 555

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
₴9495
₴15098
₴13099
₴17488
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 500
trade
-
-
-
4 389
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.

-
-
-
12 844
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.

-
-
-
706
total
-
-
-
20 865
Employee

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

21 311
-
50 500
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
706
-
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
-
12 844
-
total
4 775
-
16 476
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 189
50 500
-
-
surtax

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

241
417
-
-
income
4 379
7 575
-
-
trade
4 188
7 247
-
-
chamber of commerce
108
139
-
-
total
8 916
15 378
-
-
Dividends
20 273
35 122
-
-
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.

270
474
-
-
withholding
4 905
8 617
-
-
total
5 175
9 091
-
-
Income
50 500
50 500
50 500
50 500
Total tax
18 866
24 469
16 476
20 865
After tax
31 634
26 031
34 024
29 635
Living cost
16 536
16 536
16 536
16 536
Free-cash
15 098
9 495
17 488
13 099

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
₴10951
₴11897
₴8328
₴8328
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
13 120
social contributions
-
-
-
4 653
total
-
-
-
17 773
Employee
33 504
-
50 500
-
income
6 322
-
13 120
-
social contributions
2 783
-
4 653
-
total
9 105
-
17 773
-
Employer
33 504
-
50 500
-
total
-
-
-
-
Corporate
16 996
50 500
-
-
income
2 125
6 312
-
-
total
2 125
6 312
-
-
Dividends
14 872
44 188
-
-
withholding
2 974
8 838
-
-
total
2 974
8 838
-
-
Income
50 500
50 500
50 500
50 500
Total tax
14 204
15 150
17 773
17 773
After tax
36 296
35 350
32 727
32 727
Living cost
24 399
24 399
24 399
24 399
Free-cash
11 897
10 951
8 328
8 328

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
₴15014
₴16510
₴19899
₴21660
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 500
income
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 648
-
48 530
-
income
2 132
-
9 352
-
social contributions
1 969
-
1 970
-
total
4 101
-
11 322
-
Employer
19 648
-
48 530
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
28 883
50 500
-
-
income
10 109
17 675
-
-
total
10 109
17 675
-
-
Dividends
18 774
32 825
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
50 500
50 500
50 500
50 500
Total tax
18 442
19 938
13 292
15 053
After tax
32 058
30 562
37 208
35 447
Living cost
15 548
15 548
15 548
15 548
Free-cash
16 510
15 014
21 660
19 899

Estimated living cost  is ₴15548 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴19810
₴19446
₴19416
₴14707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
income
-
-
-
11 756
pensions
-
-
-
3 363
total
-
-
-
15 119
Employee
21 914
-
44 348
-
health
286
-
741
-
income
3 991
-
8 616
-
pensions
1 673
-
4 320
-
total
5 950
-
13 677
-
Employer
21 914
-
44 348
-
pensions
2 214
-
5 309
-
health
416
-
842
-
total
2 630
-
6 151
-
Corporate
25 956
50 500
-
-
income

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

4 932
9 595
-
-
total
4 932
9 595
-
-
Dividends
21 024
40 905
-
-
withholding
1 577
5 130
-
-
total
1 577
5 130
-
-
Income
50 500
50 500
50 500
50 500
Total tax
15 089
14 725
19 828
15 119
After tax
35 411
35 775
30 672
35 381
Living cost
15 965
15 965
15 965
15 965
Free-cash
19 446
19 810
14 707
19 416

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
-₴6051
₴2534
₴24468
₴16427
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
accident
-
-
-
108
income
-
-
-
12 925
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
15 890
Employee
15 954
-
43 997
-
health
1 827
-
5 038
-
income
2 189
-
9 141
-
pensions
1 796
-
3 248
-
total
5 812
-
17 427
-
Employer
15 954
-
43 997
-
accident
266
-
735
-
unemployment
391
-
1 078
-
pensions
2 594
-
4 691
-
total
3 251
-
6 504
-
Corporate
31 295
50 500
-
-
income

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

28 166
45 450
-
-
total
28 166
45 450
-
-
Dividends
3 129
5 050
-
-
withholding
595
959
-
-
total
595
959
-
-
Income
50 500
50 500
50 500
50 500
Total tax
37 824
46 409
23 931
15 890
After tax
12 676
4 091
26 569
34 610
Living cost
10 142
10 142
10 142
10 142
Free-cash
2 534
-6 051
16 427
24 468

Estimated living cost  is ₴10142 per week

₴7443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴36711
₴34707
₴22878
₴27348
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
50 500
work injury
-
-
-
253
health insurance
-
-
-
3 737
income
-
-
-
7 949
pensions
-
-
-
9 292
unemployment
-
-
-
606
total
-
-
-
21 837
Employee

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

9 257
-
50 500
-
work injury
46
-
171
-
income
926
-
7 949
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
17 367
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 243
50 500
-
-
income

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

412
505
-
-
total
412
505
-
-
Dividends
40 831
49 995
-
-
withholding
6 125
7 499
-
-
total
6 125
7 499
-
-
Income
50 500
50 500
50 500
50 500
Total tax
10 008
8 004
17 367
21 837
After tax
40 492
42 496
33 133
28 663
Living cost
5 785
5 785
5 785
5 785
Free-cash
34 707
36 711
27 348
22 878

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
₴9537
₴7589
₴7769
₴5459
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
50 500
municipal
-
-
-
337
regional
-
-
-
1 079
national
-
-
-
11 263
social contributions
-
-
-
12 989
total
-
-
-
25 668
Employee
36 092
-
50 500
-
social contributions
12 170
-
17 028
-
regional
545
-
920
-
municipal
215
-
302
-
national
6 099
-
9 728
-
total
19 029
-
27 978
-
Employer
36 092
-
50 500
-
total
-
-
-
-
Corporate
14 408
50 500
-
-
nationa
3 458
12 120
-
-
municipal
694
2 434
-
-
total
4 152
14 554
-
-
Dividends
10 256
35 946
-
-
withholding
2 667
9 346
-
-
total
2 667
9 346
-
-
Income
50 500
50 500
50 500
50 500
Total tax
25 848
23 900
27 978
25 668
After tax
24 652
26 600
22 522
24 832
Living cost
17 063
17 063
17 063
17 063
Free-cash
7 589
9 537
5 459
7 769

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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