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
₴ 51000
per

Your estimated
City
free-cash

Dresden , Germany
₴10907
₴21194
₴16757
₴16339
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
51 000
income

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

-
-
-
10 976
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.

-
-
-
604
health

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

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

-
-
-
3 354
trade
-
-
-
4 437
total
-
-
-
19 371
Employee

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

18 780
-
51 000
-
surtax

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

29
-
604
-
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.

525
-
10 976
-
health

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

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

3 354
-
3 354
-
total
3 908
-
14 934
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 220
51 000
-
-
income
4 833
7 650
-
-
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.

266
421
-
-
chamber of commerce
121
148
-
-
trade
5 075
8 033
-
-
total
10 295
16 252
-
-
Dividends
21 925
34 748
-
-
surtax

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

292
468
-
-
withholding
5 294
8 501
-
-
total
5 586
8 969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 789
25 221
14 934
19 371
After tax
31 211
25 779
36 066
31 629
Living cost
14 872
14 872
14 872
14 872
Free-cash
16 339
10 907
21 194
16 757

Estimated living cost  is ₴14872 per week

₴9355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5820
₴5193
₴4794
₴5388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
social contributions
-
-
-
548
municipal
-
-
-
5 308
national
-
-
-
8 226
pensions
-
-
-
6 120
total
-
-
-
20 202
Employee
40 311
-
44 089
-
municipal
4 979
-
5 506
-
pensions
1 612
-
1 764
-
national
7 716
-
8 532
-
total
14 307
-
15 802
-
Employer
40 311
-
44 089
-
pensions
3 225
-
3 527
-
social contributions
433
-
474
-
total
3 658
-
4 001
-
Corporate
4 370
51 000
-
-
income

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

874
10 200
-
-
total
874
10 200
-
-
Dividends
3 496
40 800
-
-
withholding
769
8 976
-
-
total
769
8 976
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 608
19 176
19 803
20 202
After tax
31 392
31 824
31 197
30 798
Living cost
26 004
26 004
26 004
26 004
Free-cash
5 388
5 820
5 193
4 794

Estimated living cost  is ₴26004 per week

₴17675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴389
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30585
₴18509
₴16988
₴26558
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
51 000
income
-
-
-
7 400
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.

-
-
-
16 397
microenterprise
-
-
-
-
total
-
-
-
23 797
Employee
14 348
-
41 099
-
surtax
-
-
-
-
social contributions

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

1 578
-
4 521
-
income
2 554
-
7 854
-
total
4 132
-
12 375
-
Employer
14 348
-
41 099
-
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.

3 456
-
9 901
-
surtax
-
-
-
-
total
3 456
-
9 901
-
Corporate
33 196
51 000
-
-
income

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

6 639
10 200
-
-
total
6 639
10 200
-
-
Dividends

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

26 557
40 800
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
14 227
10 200
22 276
23 797
After tax
36 773
40 800
28 724
27 203
Living cost
10 215
10 215
10 215
10 215
Free-cash
26 558
30 585
18 509
16 988

Estimated living cost  is ₴10215 per week

₴6517
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.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4152
₴4657
₴8369
₴1145
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
10 318
health
-
-
-
5 991
pensions
-
-
-
5 753
total
-
-
-
22 062
Employee
41 930
41 930
43 400
-
pensions
7 547
5 753
5 753
-
income

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

6 863
6 863
6 863
-
health
6 436
5 474
5 558
-
total
20 846
18 090
18 174
-
Employer
41 930
41 930
43 400
-
health
2 915
2 915
3 016
-
pensions
2 918
2 918
3 021
-
unemployment
1 509
1 509
1 563
-
total
7 342
7 342
7 600
-
Corporate
2 242
1 727
-
-
income
448
346
-
-
total
448
346
-
-
Dividends
1 793
1 382
-
-
income
381
294
-
-
withholding
269
207
-
-
total
650
501
-
-
Income
51 000
51 000
51 000
51 000
Total tax
29 286
26 279
25 774
22 062
After tax
21 714
24 721
25 226
28 938
Living cost
20 569
20 569
20 569
20 569
Free-cash
1 145
4 152
4 657
8 369

Estimated living cost  is ₴20569 per week

₴14577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1854
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7590
₴6978
₴6511
₴7135
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
accident
-
-
-
89
other
-
-
-
5 158
unemployment
-
-
-
44
health
-
-
-
2 770
municipal
-
-
-
11 373
national
-
-
-
-
pensions
-
-
-
4 799
total
-
-
-
24 233
Employee
28 862
-
38 807
-
municipal
8 607
-
11 572
-
national
-
-
-
-
total
8 607
-
11 572
-
Employer
28 862
-
38 807
-
health
1 775
-
2 387
-
pensions
3 120
-
4 195
-
accident
58
-
78
-
unemployment
762
-
1 025
-
other
3 354
-
4 509
-
total
9 069
-
12 194
-
Corporate
13 069
51 000
-
-
income
2 875
11 220
-
-
total
2 875
11 220
-
-
Dividends
10 194
39 780
-
-
withholding
3 058
11 934
-
-
total
3 058
11 934
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 609
23 154
23 766
24 233
After tax
27 391
27 846
27 234
26 767
Living cost
20 256
20 256
20 256
20 256
Free-cash
7 135
7 590
6 978
6 511

Estimated living cost  is ₴20256 per week

₴13425
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.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4536
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6230
₴16777
₴12143
₴13130
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
51 000
income

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

-
-
-
10 976
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.

-
-
-
604
health

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

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

-
-
-
3 354
trade
-
-
-
4 634
total
-
-
-
19 568
Employee

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

24 900
-
51 000
-
surtax

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

117
-
604
-
income

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

2 139
-
10 976
-
health

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

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

3 354
-
3 354
-
total
5 610
-
14 934
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 100
51 000
-
-
income
3 915
7 650
-
-
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.

215
421
-
-
chamber of commerce
112
147
-
-
trade
4 294
8 390
-
-
total
8 536
16 608
-
-
Dividends
17 564
34 392
-
-
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.

231
462
-
-
withholding
4 204
8 411
-
-
total
4 435
8 873
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 581
25 481
14 934
19 568
After tax
32 419
25 519
36 066
31 432
Living cost
19 289
19 289
19 289
19 289
Free-cash
13 130
6 230
16 777
12 143

Estimated living cost  is ₴19289 per week

₴12901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21393
₴19944
₴20003
₴19357
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
5 826
social contributions
-
-
-
7 944
health
-
-
-
1 301
total
-
-
-
15 071
Employee
37 756
37 756
46 301
-
social contributions
1 835
3 134
3 843
-
income
3 965
3 495
5 801
-
health
376
642
787
-
total
6 176
7 271
10 431
-
Employer
37 756
37 756
46 301
-
health
409
699
856
-
social contributions
1 835
3 134
3 843
-
total
2 244
3 833
4 699
-
Corporate
26 655
9 411
-
-
income
3 332
1 177
-
-
total
3 332
1 177
-
-
Dividends
23 323
8 234
-
-
withholding
3 965
1 400
-
-
total
3 965
1 400
-
-
Income
51 000
51 000
51 000
51 000
Total tax
15 717
13 681
15 130
15 071
After tax
35 283
37 319
35 870
35 929
Living cost
15 926
15 926
15 926
15 926
Free-cash
19 357
21 393
19 944
20 003

Estimated living cost  is ₴15926 per week

₴10887
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1244
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19710
₴20551
₴26315
₴19899
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
6 235
unemployment
-
-
-
765
health
-
-
-
3 570
pensions
-
-
-
5 100
total
-
-
-
15 670
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.

13 014
5 179
42 678
-
unemployment
195
78
640
-
pensions
1 301
518
4 268
-
income
1 591
633
5 217
-
health
911
363
2 987
-
total
3 998
1 592
13 112
-
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.

13 014
5 179
42 678
-
pensions
2 538
1 010
8 322
-
total
2 538
1 010
8 322
-
Corporate
35 449
44 811
-
-
income
3 190
4 033
-
-
total
3 190
4 033
-
-
Dividends
32 258
40 778
-
-
social contributions
6 231
7 892
-
-
withholding
6 129
7 748
-
-
total
12 360
15 640
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 086
22 275
21 434
15 670
After tax
28 914
28 725
29 566
35 330
Living cost
9 015
9 015
9 015
9 015
Free-cash
19 899
19 710
20 551
26 315

Estimated living cost  is ₴9015 per week

₴6152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
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.
₴1945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28940
₴17536
₴15476
₴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
-
-
-
51 000
income
-
-
-
6 835
health
-
-
-
6 630
pensions
-
-
-
10 199
total
-
-
-
23 664
Employee
13 929
-
38 117
-
unemployment
223
-
610
-
pensions
279
-
762
-
income
1 568
-
7 349
-
total
2 070
-
8 721
-
Employer
13 929
-
38 117
-
health
1 810
-
4 955
-
pensions
2 786
-
7 623
-
unemployment
112
-
305
-
total
4 708
-
12 883
-
Corporate
32 362
51 000
-
-
income
6 472
10 200
-
-
total
6 472
10 200
-
-
Dividends
25 890
40 800
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
13 250
10 200
21 604
23 664
After tax
37 750
40 800
29 396
27 336
Living cost
11 860
11 860
11 860
11 860
Free-cash
25 890
28 940
17 536
15 476

Estimated living cost  is ₴11860 per week

₴8134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6817
₴15465
₴24048
₴2452
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
accident
-
-
-
126
income
-
-
-
12 538
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
16 004
Employee
17 222
-
43 716
-
pensions
1 939
-
3 797
-
income
2 363
-
8 500
-
health
1 972
-
5 006
-
total
6 274
-
17 303
-
Employer
17 222
-
43 716
-
pensions
2 800
-
5 483
-
accident
288
-
730
-
unemployment
422
-
1 071
-
total
3 510
-
7 284
-
Corporate
30 268
51 000
-
-
income

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

27 241
45 900
-
-
total
27 241
45 900
-
-
Dividends
3 027
5 100
-
-
withholding
575
969
-
-
total
575
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
37 600
46 869
24 587
16 004
After tax
13 400
4 131
26 413
34 996
Living cost
10 948
10 948
10 948
10 948
Free-cash
2 452
-6 817
15 465
24 048

Estimated living cost  is ₴10948 per week

₴8024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44430
₴36780
₴46470
₴43676
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
51 000
microenterprise

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

-
-
-
510
total
-
-
-
510
Employee
5 025
-
51 000
-
income
1 005
-
10 200
-
total
1 005
-
10 200
-
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%.

45 975
51 000
-
-
total
-
-
-
-
Dividends
45 975
51 000
-
-
withholding
2 299
2 550
-
-
total
2 299
2 550
-
-
Income
51 000
51 000
51 000
51 000
Total tax
3 304
2 550
10 200
510
After tax
47 696
48 450
40 800
50 490
Living cost
4 020
4 020
4 020
4 020
Free-cash
43 676
44 430
36 780
46 470

Estimated living cost  is ₴4020 per week

₴2491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24386
₴16677
₴14532
₴21070
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
6 478
other
-
-
-
2 423
health
-
-
-
2 244
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.

-
-
-
12 240
total
-
-
-
23 385
Employee
17 828
-
40 734
-
unemployment
178
-
407
-
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.

1 248
-
2 851
-
income
3 069
-
7 149
-
health
250
-
570
-
total
4 745
-
10 977
-
Employer
17 828
-
40 734
-
health
250
-
570
-
pensions

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

3 031
-
6 924
-
accident
143
-
326
-
unemployment
178
-
407
-
other
892
-
2 036
-
total
4 494
-
10 263
-
Corporate
28 679
51 000
-
-
income
6 022
10 710
-
-
total
6 022
10 710
-
-
Dividends
22 657
40 290
-
-
withholding
1 586
2 821
-
-
total
1 586
2 821
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 847
13 531
21 240
23 385
After tax
34 153
37 469
29 760
27 615
Living cost
13 083
13 083
13 083
13 083
Free-cash
21 070
24 386
16 677
14 532

Estimated living cost  is ₴13083 per week

₴9244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴4457
-₴841
₴3743
-₴1639
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
10 839
pensions
-
-
-
3 698
total
-
-
-
14 537
Employee
46 294
-
44 877
-
pensions
4 466
-
4 296
-
income
8 345
-
7 969
-
health
763
-
734
-
total
13 574
-
12 999
-
Employer
46 294
-
44 877
-
health
879
-
852
-
pensions
5 466
-
5 270
-
total
6 345
-
6 122
-
Corporate
-
51 000
-
-
income

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

-
9 690
-
-
total
-
9 690
-
-
Dividends
-
41 310
-
-
withholding
-
4 133
-
-
total
-
4 133
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 919
13 823
19 121
14 537
After tax
31 081
37 177
31 879
36 463
Living cost
32 720
32 720
32 720
32 720
Free-cash
-1 639
4 457
-841
3 743

Estimated living cost  is ₴32720 per week

₴24518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴37167
₴33949
₴32331
₴34886
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
7 650
unemployment
-
-
-
69
health
-
-
-
1 973
pensions

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

-
-
-
2 539
total
-
-
-
12 231
Employee
8 525
-
47 635
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

749
-
1 506
-
income
852
-
4 763
-
health
392
-
789
-
total
2 087
-
7 247
-
Employer
8 525
-
47 635
-
health
588
-
1 184
-
pensions

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

940
-
1 890
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 673
-
3 366
-
Corporate
40 802
51 000
-
-
income
4 080
5 100
-
-
total
4 080
5 100
-
-
Dividends
36 722
45 900
-
-
withholding
1 836
2 295
-
-
total
1 836
2 295
-
-
Income
51 000
51 000
51 000
51 000
Total tax
9 676
7 395
10 613
12 231
After tax
41 324
43 605
40 387
38 769
Living cost
6 438
6 438
6 438
6 438
Free-cash
34 886
37 167
33 949
32 331

Estimated living cost  is ₴6438 per week

₴3759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴460
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2506
-₴2001
₴1711
-₴2492
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
10 318
health
-
-
-
5 991
pensions
-
-
-
5 753
total
-
-
-
22 062
Employee
45 523
41 930
43 400
-
pensions
5 753
5 753
5 753
-
income

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

6 863
6 863
6 863
-
health
5 679
5 474
5 558
-
total
18 295
18 090
18 174
-
Employer
45 523
41 930
43 400
-
health
3 163
2 915
3 016
-
pensions
3 168
2 918
3 021
-
unemployment
1 639
1 509
1 563
-
total
7 970
7 342
7 600
-
Corporate
-
1 727
-
-
income
-
346
-
-
total
-
346
-
-
Dividends
-
1 382
-
-
income
-
294
-
-
withholding
-
207
-
-
total
-
501
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 265
26 279
25 774
22 062
After tax
24 735
24 721
25 226
28 938
Living cost
27 227
27 227
27 227
27 227
Free-cash
-2 492
-2 506
-2 001
1 711

Estimated living cost  is ₴27227 per week

₴20085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4399
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22913
₴13680
₴12639
₴18560
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
4 383
social contributions
-
-
-
14 892
solidarity contribution
-
-
-
-
health
-
-
-
6 885
total
-
-
-
26 160
Employee
17 942
-
38 060
-
solidarity contribution
-
-
-
-
social contributions
1 166
-
2 474
-
income
2 153
-
4 567
-
health
2 422
-
5 138
-
total
5 741
-
12 179
-
Employer
17 942
-
38 060
-
health
1 615
-
3 425
-
social contributions
4 486
-
9 515
-
total
6 101
-
12 940
-
Corporate
26 957
51 000
-
-
income
5 122
9 690
-
-
total
5 122
9 690
-
-
Dividends
21 835
41 310
-
-
withholding
3 275
6 196
-
-
total
3 275
6 196
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 239
15 886
25 119
26 160
After tax
30 761
35 114
25 881
24 840
Living cost
12 201
12 201
12 201
12 201
Free-cash
18 560
22 913
13 680
12 639

Estimated living cost  is ₴12201 per week

₴8475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6492
₴2901
₴5328
₴3928
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
social contributions
-
-
-
13 117
regional
-
-
-
566
municipal
-
-
-
303
national
-
-
-
10 967
total
-
-
-
24 953
Employee
43 638
-
51 000
-
municipal
231
-
270
-
national
7 561
-
9 417
-
regional
412
-
496
-
social contributions
14 715
-
17 197
-
total
22 919
-
27 380
-
Employer
43 638
-
51 000
-
total
-
-
-
-
Corporate
7 362
51 000
-
-
municipal
287
1 989
-
-
nationa
1 767
12 240
-
-
total
2 054
14 229
-
-
Dividends
5 308
36 771
-
-
withholding
1 380
9 560
-
-
total
1 380
9 560
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 353
23 789
27 380
24 953
After tax
24 647
27 211
23 620
26 047
Living cost
20 719
20 719
20 719
20 719
Free-cash
3 928
6 492
2 901
5 328

Estimated living cost  is ₴20719 per week

₴14443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1359
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4599
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21244
₴14219
₴15208
₴19716
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
9 801
other
-
-
-
-
surtax
-
-
-
1 223
unemployment
-
-
-
112
health
-
-
-
3 621
pensions
-
-
-
10 200
total
-
-
-
24 957
Employee
16 237
-
42 132
-
other
-
-
-
-
unemployment
1 130
-
2 932
-
pensions
1 083
-
2 810
-
surtax
53
-
1 109
-
income
2 722
-
9 153
-
health
415
-
1 074
-
total
5 403
-
17 078
-
Employer
16 237
-
42 132
-
health
739
-
1 917
-
pensions
2 165
-
5 616
-
unemployment
514
-
1 335
-
other
-
-
-
-
total
3 418
-
8 868
-
Corporate
31 345
51 000
-
-
income
8 149
13 260
-
-
total
8 149
13 260
-
-
Dividends
23 195
37 740
-
-
withholding
3 479
5 661
-
-
total
3 479
5 661
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 449
18 921
25 946
24 957
After tax
30 551
32 079
25 054
26 043
Living cost
10 835
10 835
10 835
10 835
Free-cash
19 716
21 244
14 219
15 208

Estimated living cost  is ₴10835 per week

₴6625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
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.
₴2960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14824
₴9526
₴14110
₴12010
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
10 839
pensions
-
-
-
3 698
total
-
-
-
14 537
Employee
31 025
-
44 877
-
pensions
2 633
-
4 296
-
income
5 588
-
7 969
-
health
450
-
734
-
total
8 671
-
12 999
-
Employer
31 025
-
44 877
-
health
589
-
852
-
pensions
3 358
-
5 270
-
total
3 947
-
6 122
-
Corporate
16 027
51 000
-
-
income

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

3 045
9 690
-
-
total
3 045
9 690
-
-
Dividends
12 982
41 310
-
-
withholding
974
4 133
-
-
total
974
4 133
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 637
13 823
19 121
14 537
After tax
34 363
37 177
31 879
36 463
Living cost
22 353
22 353
22 353
22 353
Free-cash
12 010
14 824
9 526
14 110

Estimated living cost  is ₴22353 per week

₴16747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1675
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.
₴3697
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴15490
₴1194
₴3741
₴1115
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
other

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

-
-
-
1 020
regional
-
-
-
1 752
health
-
-
-
127
city
-
-
-
537
national
-
-
-
320
pensions
-
-
-
4 692
total
-
-
-
8 448
Employee
45 419
-
45 647
-
unemployment
-
-
-
-
pensions
3 816
-
3 835
-
national
215
-
217
-
regional
1 487
-
1 499
-
city
487
-
490
-
health
103
-
103
-
total
6 108
-
6 144
-
Employer
45 419
-
45 647
-
health
103
-
103
-
pensions
3 816
-
3 835
-
unemployment
-
-
-
-
other

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

908
-
913
-
total
4 827
-
4 851
-
Corporate
255
51 000
-
-
regional
54
10 786
-
-
national
22
4 335
-
-
total
76
15 121
-
-
Dividends
180
35 878
-
-
withholding
63
12 558
-
-
total
63
12 558
-
-
Income
51 000
51 000
51 000
51 000
Total tax
11 074
27 679
10 995
8 448
After tax
39 926
23 321
40 005
42 552
Living cost
38 811
38 811
38 811
38 811
Free-cash
1 115
-15 490
1 194
3 741

Estimated living cost  is ₴38811 per week

₴25238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2762
₴13573
₴8742
₴10727
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
51 000
income

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

-
-
-
10 976
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.

-
-
-
604
health

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

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

-
-
-
3 354
trade
-
-
-
4 831
total
-
-
-
19 765
Employee

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

29 509
-
51 000
-
surtax

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

191
-
604
-
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.

3 470
-
10 976
-
health

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

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

3 354
-
3 354
-
total
7 015
-
14 934
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 491
51 000
-
-
income
3 224
7 650
-
-
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.

177
421
-
-
chamber of commerce
104
146
-
-
trade
3 686
8 747
-
-
total
7 191
16 964
-
-
Dividends
14 300
34 036
-
-
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.

186
458
-
-
withholding
3 388
8 323
-
-
total
3 574
8 781
-
-
Income
51 000
51 000
51 000
51 000
Total tax
17 780
25 745
14 934
19 765
After tax
33 220
25 255
36 066
31 235
Living cost
22 493
22 493
22 493
22 493
Free-cash
10 727
2 762
13 573
8 742

Estimated living cost  is ₴22493 per week

₴16428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1799
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and 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

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
₴8904
₴15104
₴12513
₴11806
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
5 125
other
-
-
-
1 584
surtax
-
-
-
-
social contributions
-
-
-
1 454
health
-
-
-
1 048
pensions
-
-
-
12 477
total
-
-
-
21 688
Employee
21 015
-
41 322
-
pensions
2 376
-
2 025
-
surtax
-
-
-
-
social contributions
599
-
1 178
-
income
1 240
-
6 216
-
total
4 215
-
9 419
-
Employer
21 015
-
41 322
-
health
1 471
-
2 892
-
pensions
3 452
-
3 563
-
unemployment
851
-
1 673
-
social contributions
63
-
124
-
other
725
-
1 426
-
total
6 562
-
9 678
-
Corporate
23 423
51 000
-
-
income
6 559
14 280
-
-
surtax
-
-
-
-
total
6 559
14 280
-
-
Dividends
16 864
36 720
-
-
surtax
-
-
-
-
social contributions
2 900
6 317
-
-
withholding
2 159
4 700
-
-
total
5 059
11 017
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 395
25 297
19 097
21 688
After tax
28 605
25 703
31 903
29 312
Living cost
16 799
16 799
16 799
16 799
Free-cash
11 806
8 904
15 104
12 513

Estimated living cost  is ₴16799 per week

₴10593
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.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10568
₴16768
₴14177
₴13296
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
5 125
other
-
-
-
1 584
surtax
-
-
-
-
social contributions
-
-
-
1 454
health
-
-
-
1 048
pensions
-
-
-
12 477
total
-
-
-
21 688
Employee
18 758
-
41 322
-
pensions
2 122
-
2 025
-
surtax
-
-
-
-
social contributions
535
-
1 178
-
income
967
-
6 216
-
total
3 624
-
9 419
-
Employer
18 758
-
41 322
-
health
1 313
-
2 892
-
pensions
3 082
-
3 563
-
unemployment
759
-
1 673
-
social contributions
56
-
124
-
other
648
-
1 426
-
total
5 858
-
9 678
-
Corporate
26 383
51 000
-
-
income
7 387
14 280
-
-
surtax
-
-
-
-
total
7 387
14 280
-
-
Dividends
18 996
36 720
-
-
surtax
-
-
-
-
social contributions
3 268
6 317
-
-
withholding
2 432
4 700
-
-
total
5 700
11 017
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 569
25 297
19 097
21 688
After tax
28 431
25 703
31 903
29 312
Living cost
15 135
15 135
15 135
15 135
Free-cash
13 296
10 568
16 768
14 177

Estimated living cost  is ₴15135 per week

₴8777
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1537
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20704
₴22332
₴22341
₴20957
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
7 650
social contributions
-
-
-
7 038
health
-
-
-
3 559
total
-
-
-
18 247
Employee
16 648
-
51 000
-
social contributions
2 298
-
7 038
-
income
2 777
-
7 659
-
health
1 162
-
3 559
-
total
6 237
-
18 256
-
Employer
16 648
-
51 000
-
total
-
-
-
-
Corporate
34 352
51 000
-
-
income

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

1 717
2 550
-
-
total
1 717
2 550
-
-
Dividends
32 635
48 450
-
-
social contributions
4 503
6 686
-
-
withholding
4 896
7 267
-
-
health
2 278
3 381
-
-
total
11 677
17 334
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 631
19 884
18 256
18 247
After tax
31 369
31 116
32 744
32 753
Living cost
10 412
10 412
10 412
10 412
Free-cash
20 957
20 704
22 332
22 341

Estimated living cost  is ₴10412 per week

₴6968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11256
-₴2073
₴8367
₴10496
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
8 683
surtax
-
-
-
97
unemployment
-
-
-
3 012
chamber of commerce
-
-
-
204
health
-
-
-
3 901
pensions
-
-
-
9 435
total
-
-
-
25 332
Employee
24 539
19 567
39 526
-
other
245
196
395
-
unemployment
736
587
1 186
-
pensions
2 513
2 003
4 048
-
income
2 793
1 443
7 724
-
health
949
758
1 530
-
total
7 236
4 987
14 883
-
Employer
24 539
19 567
39 526
-
chamber of commerce
98
78
158
-
health
927
740
1 494
-
pensions
3 080
2 456
4 961
-
accident
319
254
513
-
unemployment
736
587
1 186
-
surtax
97
97
97
-
payroll
736
587
1 186
-
other
1 166
929
1 878
-
total
7 159
5 728
11 473
-
Corporate
19 304
25 704
37 663
-
income

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

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

4 826
6 426
9 416
-
total
4 826
6 426
9 416
-
Dividends
14 478
19 278
-
-
withholding
3 982
5 302
-
-
total
3 982
5 302
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 203
22 443
35 772
25 332
After tax
27 797
28 557
15 228
25 668
Living cost
17 301
17 301
17 301
17 301
Free-cash
10 496
11 256
-2 073
8 367

Estimated living cost  is ₴17301 per week

₴11539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
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.
₴4002
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10693
₴1864
₴5819
₴3330
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
communal

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

-
-
-
2 576
social contributions
-
-
-
8 058
national
-
-
-
16 644
total
-
-
-
27 278
Employee

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

35 122
-
39 501
-
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.

306
-
344
-
communal

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

1 832
-
2 060
-
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.

2 634
-
2 962
-
national
10 798
-
12 511
-
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.

1 650
-
1 857
-
total
17 220
-
19 734
-
Employer

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

35 122
-
39 501
-
health

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

2 160
-
2 429
-
pensions

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

3 112
-
3 500
-
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.

457
-
513
-
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.

512
-
577
-
surtax
3 982
-
4 480
-
total
10 223
-
11 499
-
Corporate
5 654
51 000
-
-
income
1 131
10 200
-
-
surtax
22
204
-
-
total
1 153
10 404
-
-
Dividends
4 501
40 596
-
-
withholding

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

1 171
12 000
-
-
total
1 171
12 000
-
-
Income
51 000
51 000
51 000
51 000
Total tax
29 767
22 404
31 233
27 278
After tax
21 233
28 596
19 767
23 722
Living cost
17 903
17 903
17 903
17 903
Free-cash
3 330
10 693
1 864
5 819

Estimated living cost  is ₴17903 per week

₴11532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16626
₴9090
₴9801
₴12714
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
accident
-
-
-
410
income
-
-
-
9 813
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
23 467
Employee
24 441
-
38 671
-
other
24
-
39
-
unemployment
379
-
599
-
pensions
1 149
-
1 818
-
income
5 157
-
9 394
-
total
6 709
-
11 850
-
Employer
24 441
-
38 671
-
pensions
5 768
-
9 126
-
accident
484
-
766
-
unemployment
1 345
-
2 127
-
other
195
-
309
-
total
7 792
-
12 328
-
Corporate
18 768
51 000
-
-
income

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

2 815
7 650
-
-
total
2 815
7 650
-
-
Dividends
15 953
43 350
-
-
withholding
3 238
8 992
-
-
total
3 238
8 992
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 554
16 642
24 178
23 467
After tax
30 446
34 358
26 822
27 533
Living cost
17 732
17 732
17 732
17 732
Free-cash
12 714
16 626
9 090
9 801

Estimated living cost  is ₴17732 per week

₴13058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1258
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.
₴3161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4466
₴4488
₴2256
₴1032
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
communal
-
-
-
3 223
accident
-
-
-
430
income
-
-
-
4 651
surtax
-
-
-
2 529
health
-
-
-
3 583
pensions
-
-
-
7 644
total
-
-
-
22 060
Employee
37 184
-
45 557
-
pensions
2 974
-
3 644
-
surtax
2 279
-
2 792
-
income
3 592
-
5 922
-
health
1 655
-
2 027
-
total
10 500
-
14 385
-
Employer
37 184
-
45 557
-
health
1 134
-
1 389
-
pensions
2 974
-
3 644
-
accident
335
-
410
-
total
4 443
-
5 443
-
Corporate
9 373
51 000
-
-
communal
-
3 443
-
-
income
1 406
7 650
-
-
surtax
99
536
-
-
total
1 505
11 629
-
-
Dividends
7 869
39 371
-
-
income
5 655
2 315
-
-
withholding
1 181
5 906
-
-
total
6 836
8 221
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 284
19 850
19 828
22 060
After tax
27 716
31 150
31 172
28 940
Living cost
26 684
26 684
26 684
26 684
Free-cash
1 032
4 466
4 488
2 256

Estimated living cost  is ₴26684 per week

₴20017
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.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21050
₴14025
₴15014
₴19488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
9 801
other
-
-
-
-
surtax
-
-
-
1 223
unemployment
-
-
-
112
health
-
-
-
3 621
pensions
-
-
-
10 200
total
-
-
-
24 957
Employee
16 536
-
42 132
-
other
-
-
-
-
unemployment
1 151
-
2 932
-
pensions
1 103
-
2 810
-
surtax
59
-
1 109
-
income
2 772
-
9 153
-
health
422
-
1 074
-
total
5 507
-
17 078
-
Employer
16 536
-
42 132
-
health
752
-
1 917
-
pensions
2 205
-
5 616
-
unemployment
525
-
1 335
-
other
-
-
-
-
total
3 482
-
8 868
-
Corporate
30 983
51 000
-
-
income
8 055
13 260
-
-
total
8 055
13 260
-
-
Dividends
22 928
37 740
-
-
withholding
3 439
5 661
-
-
total
3 439
5 661
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 483
18 921
25 946
24 957
After tax
30 517
32 079
25 054
26 043
Living cost
11 029
11 029
11 029
11 029
Free-cash
19 488
21 050
14 025
15 014

Estimated living cost  is ₴11029 per week

₴6659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13581
₴10203
₴12617
₴12489
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
social contributions
-
-
-
13 117
regional
-
-
-
769
municipal
-
-
-
303
national
-
-
-
10 967
total
-
-
-
25 156
Employee
27 237
-
51 000
-
municipal
144
-
270
-
national
4 315
-
9 417
-
regional
367
-
686
-
social contributions
9 185
-
17 197
-
total
14 011
-
27 570
-
Employer
27 237
-
51 000
-
total
-
-
-
-
Corporate
23 763
51 000
-
-
municipal
1 181
2 534
-
-
nationa
5 703
12 240
-
-
total
6 884
14 774
-
-
Dividends
16 879
36 226
-
-
withholding
4 389
9 418
-
-
total
4 389
9 418
-
-
Income
51 000
51 000
51 000
51 000
Total tax
25 284
24 192
27 570
25 156
After tax
25 716
26 808
23 430
25 844
Living cost
13 227
13 227
13 227
13 227
Free-cash
12 489
13 581
10 203
12 617

Estimated living cost  is ₴13227 per week

₴8226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3435
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20079
₴10846
₴9805
₴14715
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
4 383
social contributions
-
-
-
14 892
solidarity contribution
-
-
-
-
health
-
-
-
6 885
total
-
-
-
26 160
Employee
22 110
-
38 060
-
solidarity contribution
-
-
-
-
social contributions
1 437
-
2 474
-
income
2 653
-
4 567
-
health
2 985
-
5 138
-
total
7 075
-
12 179
-
Employer
22 110
-
38 060
-
health
1 990
-
3 425
-
social contributions
5 527
-
9 515
-
total
7 517
-
12 940
-
Corporate
21 373
51 000
-
-
income
4 061
9 690
-
-
total
4 061
9 690
-
-
Dividends
17 312
41 310
-
-
withholding
2 597
6 196
-
-
total
2 597
6 196
-
-
Income
51 000
51 000
51 000
51 000
Total tax
21 250
15 886
25 119
26 160
After tax
29 750
35 114
25 881
24 840
Living cost
15 035
15 035
15 035
15 035
Free-cash
14 715
20 079
10 846
9 805

Estimated living cost  is ₴15035 per week

₴11181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12946
-₴419
₴10100
₴12702
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
8 683
surtax
-
-
-
-
unemployment
-
-
-
3 012
chamber of commerce
-
-
-
204
health
-
-
-
3 901
pensions
-
-
-
9 435
total
-
-
-
25 235
Employee
21 463
19 567
39 601
-
other
214
196
396
-
unemployment
644
587
1 188
-
pensions
2 198
2 003
4 055
-
income
1 912
1 443
7 751
-
health
830
758
1 533
-
total
5 798
4 987
14 923
-
Employer
21 463
19 567
39 601
-
chamber of commerce
86
78
158
-
health
812
740
1 497
-
pensions
2 694
2 456
4 970
-
accident
279
254
515
-
unemployment
644
587
1 188
-
surtax
-
-
-
-
payroll
644
587
1 188
-
other
1 019
929
1 881
-
total
6 178
5 631
11 397
-
Corporate
23 360
25 801
37 738
-
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.

5 839
6 450
9 434
-
total
5 839
6 450
9 434
-
Dividends
17 520
19 351
-
-
withholding
4 818
5 321
-
-
total
4 818
5 321
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 633
22 389
35 754
25 235
After tax
28 367
28 611
15 246
25 765
Living cost
15 665
15 665
15 665
15 665
Free-cash
12 702
12 946
-419
10 100

Estimated living cost  is ₴15665 per week

₴9397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4389
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42186
₴34536
₴44226
₴41012
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
51 000
microenterprise

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

-
-
-
510
total
-
-
-
510
Employee
7 830
-
51 000
-
income
1 566
-
10 200
-
total
1 566
-
10 200
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

43 170
51 000
-
-
total
-
-
-
-
Dividends
43 170
51 000
-
-
withholding
2 158
2 550
-
-
total
2 158
2 550
-
-
Income
51 000
51 000
51 000
51 000
Total tax
3 724
2 550
10 200
510
After tax
47 276
48 450
40 800
50 490
Living cost
6 264
6 264
6 264
6 264
Free-cash
41 012
42 186
34 536
44 226

Estimated living cost  is ₴6264 per week

₴4239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21944
₴11673
₴13133
₴17836
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
51 000
income
-
-
-
10 288
unemployment
-
-
-
76
health
-
-
-
5 019
pensions
-
-
-
9 314
total
-
-
-
24 697
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.

21 713
-
44 130
-
unemployment
31
-
61
-
pensions
3 366
-
6 840
-
income
3 744
-
9 536
-
health
1 402
-
2 850
-
total
8 543
-
19 287
-
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.

21 713
-
44 130
-
health
1 446
-
2 939
-
pensions
1 921
-
3 905
-
unemployment
13
-
26
-
total
3 380
-
6 870
-
Corporate
25 907
51 000
-
-
income
4 923
9 690
-
-
total
4 923
9 690
-
-
Dividends
20 984
41 310
-
-
withholding
3 148
6 196
-
-
total
3 148
6 196
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 994
15 886
26 157
24 697
After tax
31 006
35 114
24 843
26 303
Living cost
13 170
13 170
13 170
13 170
Free-cash
17 836
21 944
11 673
13 133

Estimated living cost  is ₴13170 per week

₴9038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
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.
₴3033
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9477
₴22879
₴13694
-₴23471
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
9 941
social contributions
-
-
-
5 814
total
-
-
-
15 755
Employee
30 900
-
-
-
social contributions
2 534
-
361
-
income
6 816
-
-
-
total
9 350
-
361
-
Employer
30 900
-
-
-
social contributions
43 570
-
6 209
-
total
43 570
-
6 209
-
Corporate
-
51 000
-
-
income
-
11 220
-
-
total
-
11 220
-
-
Dividends
-
39 780
-
-
income
-
8 752
-
-
total
-
8 752
-
-
Income
51 000
51 000
51 000
51 000
Total tax
52 920
19 972
6 570
15 755
After tax
-1 920
31 028
44 430
35 245
Living cost
21 551
21 551
21 551
21 551
Free-cash
-23 471
9 477
22 879
13 694

Estimated living cost  is ₴21551 per week

₴13983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2027
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13608
₴10324
₴13029
₴13113
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
51 000
income
-
-
-
4 847
surtax
-
-
-
-
social contributions

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

-
-
-
17 723
total
-
-
-
22 570
Employee
22 583
-
41 212
-
surtax
-
-
-
-
social contributions
2 484
-
4 533
-
income
4 697
-
10 955
-
total
7 181
-
15 488
-
Employer
22 583
-
41 212
-
social contributions
5 363
-
9 787
-
total
5 363
-
9 787
-
Corporate
23 054
51 000
-
-
income
4 842
10 710
-
-
surtax
-
-
-
-
total
4 842
10 710
-
-
Dividends
18 212
40 290
-
-
withholding
5 100
11 281
-
-
total
5 100
11 281
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 486
21 991
25 275
22 570
After tax
28 514
29 009
25 725
28 430
Living cost
15 401
15 401
15 401
15 401
Free-cash
13 113
13 608
10 324
13 029

Estimated living cost  is ₴15401 per week

₴11523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1988
₴8188
₴5597
₴5365
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
5 125
other
-
-
-
1 584
surtax
-
-
-
-
social contributions
-
-
-
1 454
health
-
-
-
1 048
pensions
-
-
-
12 477
total
-
-
-
21 688
Employee
30 753
-
41 322
-
pensions
3 478
-
2 025
-
surtax
-
-
-
-
social contributions
876
-
1 178
-
income
2 683
-
6 216
-
total
7 037
-
9 419
-
Employer
30 753
-
41 322
-
health
2 152
-
2 892
-
pensions
5 053
-
3 563
-
unemployment
1 246
-
1 673
-
social contributions
92
-
124
-
other
1 061
-
1 426
-
total
9 604
-
9 678
-
Corporate
10 642
51 000
-
-
income
2 980
14 280
-
-
surtax
-
-
-
-
total
2 980
14 280
-
-
Dividends
7 662
36 720
-
-
surtax
-
-
-
-
social contributions
1 318
6 317
-
-
withholding
981
4 700
-
-
total
2 299
11 017
-
-
Income
51 000
51 000
51 000
51 000
Total tax
21 920
25 297
19 097
21 688
After tax
29 080
25 703
31 903
29 312
Living cost
23 715
23 715
23 715
23 715
Free-cash
5 365
1 988
8 188
5 597

Estimated living cost  is ₴23715 per week

₴16050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5400
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31140
₴25378
₴24024
₴29490
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
996
social contributions
-
-
-
11 220
total
-
-
-
12 216
Employee
15 785
-
44 156
-
income
-
-
1 147
-
social contributions
1 026
-
2 871
-
total
1 026
-
4 018
-
Employer
15 785
-
44 156
-
social contributions
2 447
-
6 844
-
total
2 447
-
6 844
-
Corporate
32 768
51 000
-
-
income
3 277
5 100
-
-
total
3 277
5 100
-
-
Dividends
29 491
45 900
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
6 750
5 100
10 862
12 216
After tax
44 250
45 900
40 138
38 784
Living cost
14 760
14 760
14 760
14 760
Free-cash
29 490
31 140
25 378
24 024

Estimated living cost  is ₴14760 per week

₴9543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1113
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴55927
-₴55927
₴7885
-₴55927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
labour market
-
-
-
4 046
municipal
-
-
-
9 571
national
-
-
-
5 438
pensions
-
-
-
425
total
-
-
-
19 480
Employee
99 759
99 759
99 759
-
municipal
21 243
21 243
21 243
-
labour market
7 969
7 969
7 969
-
pensions
142
142
142
-
national
12 187
12 187
12 187
-
total
41 541
41 541
41 541
-
Employer
99 759
99 759
99 759
-
national
12 209
12 209
12 209
-
labour market
7 981
7 981
7 981
-
pensions
284
284
284
-
municipal
21 277
21 277
21 277
-
total
41 751
41 751
41 751
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
83 292
83 292
83 292
19 480
After tax
-32 292
-32 292
-32 292
31 520
Living cost
23 635
23 635
23 635
23 635
Free-cash
-55 927
-55 927
-55 927
7 885

Estimated living cost  is ₴23635 per week

₴16176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6656
₴15626
₴24209
₴2476
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
accident
-
-
-
126
income
-
-
-
12 538
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
16 004
Employee
16 969
-
43 716
-
pensions
1 911
-
3 797
-
income
2 328
-
8 500
-
health
1 943
-
5 006
-
total
6 182
-
17 303
-
Employer
16 969
-
43 716
-
pensions
2 759
-
5 483
-
accident
283
-
730
-
unemployment
416
-
1 071
-
total
3 458
-
7 284
-
Corporate
30 573
51 000
-
-
income

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

27 516
45 900
-
-
total
27 516
45 900
-
-
Dividends
3 057
5 100
-
-
withholding
581
969
-
-
total
581
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
37 737
46 869
24 587
16 004
After tax
13 263
4 131
26 413
34 996
Living cost
10 787
10 787
10 787
10 787
Free-cash
2 476
-6 656
15 626
24 209

Estimated living cost  is ₴10787 per week

₴7852
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴615
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.
₴2118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14914
₴10093
₴17150
₴14042
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
51 000
health
-
-
-
581
municipal
-
-
-
9 076
national
-
-
-
5 342
total
-
-
-
14 999
Employee
25 833
-
42 904
-
municipal
4 231
-
7 003
-
unemployment
388
-
644
-
pensions
1 743
-
2 896
-
national
427
-
2 960
-
health
193
-
456
-
total
6 982
-
13 959
-
Employer
25 833
-
42 904
-
health
198
-
331
-
pensions
4 482
-
7 444
-
accident
26
-
43
-
unemployment
168
-
279
-
total
4 874
-
8 097
-
Corporate
20 293
51 000
-
-
income
4 059
10 200
-
-
total
4 059
10 200
-
-
Dividends

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

12 175
30 600
-
-
municipal
2 192
5 508
-
-
national
-
1 527
-
-
total
2 192
7 035
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 107
17 235
22 056
14 999
After tax
32 893
33 765
28 944
36 001
Living cost
18 851
18 851
18 851
18 851
Free-cash
14 042
14 914
10 093
17 150

Estimated living cost  is ₴18851 per week

₴12314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1813
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25951
₴24502
₴24561
₴23281
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
5 826
social contributions
-
-
-
7 944
health
-
-
-
1 301
total
-
-
-
15 071
Employee
37 756
37 756
46 301
-
social contributions
1 427
3 134
3 843
-
income
4 111
3 495
5 801
-
health
293
642
787
-
total
5 831
7 271
10 431
-
Employer
37 756
37 756
46 301
-
health
318
699
856
-
social contributions
1 427
3 134
3 843
-
total
1 745
3 833
4 699
-
Corporate
32 055
9 411
-
-
income
4 007
1 177
-
-
total
4 007
1 177
-
-
Dividends
28 049
8 234
-
-
withholding
4 768
1 400
-
-
total
4 768
1 400
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 351
13 681
15 130
15 071
After tax
34 649
37 319
35 870
35 929
Living cost
11 368
11 368
11 368
11 368
Free-cash
23 281
25 951
24 502
24 561

Estimated living cost  is ₴11368 per week

₴6813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1115
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34437
₴23654
₴33394
₴31938
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
51 000
income
-
-
-
4 896
unemployment
-
-
-
14
health
-
-
-
1 777
pensions
-
-
-
3 123
total
-
-
-
9 810
Employee

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

11 270
-
46 238
-
unemployment
56
-
231
-
pensions
1 690
-
6 935
-
income
771
-
3 692
-
health
958
-
3 930
-
total
3 475
-
14 788
-
Employer

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

11 270
-
46 238
-
health
485
-
1 988
-
pensions
620
-
2 543
-
unemployment
56
-
231
-
total
1 161
-
4 762
-
Corporate
38 570
51 000
-
-
income
3 471
4 590
-
-
total
3 471
4 590
-
-
Dividends
35 099
46 410
-
-
withholding
3 159
4 177
-
-
total
3 159
4 177
-
-
Income
51 000
51 000
51 000
51 000
Total tax
11 266
8 767
19 550
9 810
After tax
39 734
42 233
31 450
41 190
Living cost
7 796
7 796
7 796
7 796
Free-cash
31 938
34 437
23 654
33 394

Estimated living cost  is ₴7796 per week

₴4974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20856
₴13320
₴14031
₴18280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
accident
-
-
-
410
income
-
-
-
9 813
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
23 467
Employee
18 156
-
38 671
-
other
18
-
39
-
unemployment
281
-
599
-
pensions
854
-
1 818
-
income
3 500
-
9 394
-
total
4 653
-
11 850
-
Employer
18 156
-
38 671
-
pensions
4 284
-
9 126
-
accident
360
-
766
-
unemployment
999
-
2 127
-
other
145
-
309
-
total
5 788
-
12 328
-
Corporate
27 056
51 000
-
-
income

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

4 059
7 650
-
-
total
4 059
7 650
-
-
Dividends
22 997
43 350
-
-
withholding
4 718
8 992
-
-
total
4 718
8 992
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 218
16 642
24 178
23 467
After tax
31 782
34 358
26 822
27 533
Living cost
13 502
13 502
13 502
13 502
Free-cash
18 280
20 856
13 320
14 031

Estimated living cost  is ₴13502 per week

₴9114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30864
₴31558
₴31626
₴30705
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
17 206
health
-
-
-
508
pensions
-
-
-
700
total
-
-
-
18 414
Employee
1 463
-
50 212
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
17 169
-
health
73
-
175
-
total
503
-
17 694
-
Employer
1 463
-
50 212
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
49 208
51 000
-
-
income
10 826
11 220
-
-
total
10 826
11 220
-
-
Dividends
38 383
39 780
-
-
withholding
7 677
7 956
-
-
total
7 677
7 956
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 335
19 176
18 482
18 414
After tax
31 665
31 824
32 518
32 586
Living cost
960
960
960
960
Free-cash
30 705
30 864
31 558
31 626

Estimated living cost  is ₴960 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28357
₴18720
₴18721
₴25941
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
51 000
income
-
-
-
10 073
unemployment
-
-
-
544
health
-
-
-
3 737
pensions
-
-
-
9 434
total
-
-
-
23 788
Employee

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

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

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

12 804
-
44 505
-
unemployment
96
-
272
-
pensions
1 793
-
5 080
-
income
1 765
-
10 073
-
health
659
-
1 869
-
total
4 313
-
17 294
-
Employer

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

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

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

12 804
-
44 505
-
health
659
-
1 869
-
pensions
1 536
-
4 354
-
unemployment
96
-
272
-
total
2 291
-
6 495
-
Corporate
35 904
51 000
-
-
income
5 386
7 650
-
-
total
5 386
7 650
-
-
Dividends
30 519
43 350
-
-
withholding
4 578
6 502
-
-
total
4 578
6 502
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 568
14 152
23 789
23 788
After tax
34 432
36 848
27 211
27 212
Living cost
8 491
8 491
8 491
8 491
Free-cash
25 941
28 357
18 720
18 721

Estimated living cost  is ₴8491 per week

₴5717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
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.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15772
₴12488
₴15193
₴15593
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
51 000
income
-
-
-
4 847
surtax
-
-
-
-
social contributions

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

-
-
-
17 723
total
-
-
-
22 570
Employee
19 057
-
41 212
-
surtax
-
-
-
-
social contributions
2 097
-
4 533
-
income
3 724
-
10 955
-
total
5 821
-
15 488
-
Employer
19 057
-
41 212
-
social contributions
4 526
-
9 787
-
total
4 526
-
9 787
-
Corporate
27 417
51 000
-
-
income
5 758
10 710
-
-
surtax
-
-
-
-
total
5 758
10 710
-
-
Dividends
21 660
40 290
-
-
withholding
6 065
11 281
-
-
total
6 065
11 281
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 170
21 991
25 275
22 570
After tax
28 830
29 009
25 725
28 430
Living cost
13 237
13 237
13 237
13 237
Free-cash
15 593
15 772
12 488
15 193

Estimated living cost  is ₴13237 per week

₴9376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17102
₴9566
₴10277
₴13359
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
accident
-
-
-
410
income
-
-
-
9 813
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
23 467
Employee
23 714
-
38 671
-
other
23
-
39
-
unemployment
367
-
599
-
pensions
1 114
-
1 818
-
income
4 953
-
9 394
-
total
6 457
-
11 850
-
Employer
23 714
-
38 671
-
pensions
5 596
-
9 126
-
accident
470
-
766
-
unemployment
1 304
-
2 127
-
other
190
-
309
-
total
7 560
-
12 328
-
Corporate
19 726
51 000
-
-
income

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

2 959
7 650
-
-
total
2 959
7 650
-
-
Dividends
16 767
43 350
-
-
withholding
3 409
8 992
-
-
total
3 409
8 992
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 385
16 642
24 178
23 467
After tax
30 615
34 358
26 822
27 533
Living cost
17 256
17 256
17 256
17 256
Free-cash
13 359
17 102
9 566
10 277

Estimated living cost  is ₴17256 per week

₴12393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3279
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35158
₴31940
₴30322
₴32164
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
7 650
unemployment
-
-
-
69
health
-
-
-
1 973
pensions

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

-
-
-
2 539
total
-
-
-
12 231
Employee
11 186
-
47 635
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

982
-
1 506
-
income
1 119
-
4 763
-
health
515
-
789
-
total
2 739
-
7 247
-
Employer
11 186
-
47 635
-
health
772
-
1 184
-
pensions

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

1 233
-
1 890
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 195
-
3 366
-
Corporate
37 620
51 000
-
-
income
3 762
5 100
-
-
total
3 762
5 100
-
-
Dividends
33 858
45 900
-
-
withholding
1 693
2 295
-
-
total
1 693
2 295
-
-
Income
51 000
51 000
51 000
51 000
Total tax
10 389
7 395
10 613
12 231
After tax
40 611
43 605
40 387
38 769
Living cost
8 447
8 447
8 447
8 447
Free-cash
32 164
35 158
31 940
30 322

Estimated living cost  is ₴8447 per week

₴5587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
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.
₴2176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7349
₴17109
₴13066
₴13772
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
51 000
income

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

-
-
-
10 976
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.

-
-
-
604
health

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

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

-
-
-
3 354
trade
-
-
-
4 043
total
-
-
-
18 977
Employee

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

24 431
-
51 000
-
surtax

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

111
-
604
-
income

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

2 009
-
10 976
-
health

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

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

3 354
-
3 354
-
total
5 474
-
14 934
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 569
51 000
-
-
income
3 985
7 650
-
-
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.

219
421
-
-
chamber of commerce
114
149
-
-
trade
3 813
7 318
-
-
total
8 131
15 538
-
-
Dividends
18 438
35 462
-
-
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.

243
477
-
-
withholding
4 423
8 679
-
-
total
4 666
9 156
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 271
24 694
14 934
18 977
After tax
32 729
26 306
36 066
32 023
Living cost
18 957
18 957
18 957
18 957
Free-cash
13 772
7 349
17 109
13 066

Estimated living cost  is ₴18957 per week

₴13077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2040
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7730
₴6171
₴6171
₴8814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
12 284
social contributions
-
-
-
4 575
total
-
-
-
16 859
Employee
38 408
-
51 000
-
income
7 247
-
12 284
-
social contributions
3 191
-
4 575
-
total
10 438
-
16 859
-
Employer
38 408
-
51 000
-
total
-
-
-
-
Corporate
12 592
51 000
-
-
income
1 574
6 375
-
-
total
1 574
6 375
-
-
Dividends
11 018
44 625
-
-
withholding
2 204
8 925
-
-
total
2 204
8 925
-
-
Income
51 000
51 000
51 000
51 000
Total tax
14 216
15 300
16 859
16 859
After tax
36 784
35 700
34 141
34 141
Living cost
27 970
27 970
27 970
27 970
Free-cash
8 814
7 730
6 171
6 171

Estimated living cost  is ₴27970 per week

₴21279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12732
₴19661
₴16219
₴14486
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
51 000
income
-
-
-
13 977
health

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

-
-
-
2 980
total
-
-
-
16 957
Employee
22 525
-
48 741
-
income
2 444
-
8 997
-
social contributions
2 257
-
2 259
-
total
4 701
-
11 256
-
Employer
22 525
-
48 741
-
social contributions
2 257
-
2 259
-
total
2 257
-
2 259
-
Corporate
26 219
51 000
-
-
income
9 176
17 850
-
-
total
9 176
17 850
-
-
Dividends
17 042
33 150
-
-
social contributions
2 556
2 594
-
-
total
2 556
2 594
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 690
20 444
13 515
16 957
After tax
32 310
30 556
37 485
34 043
Living cost
17 824
17 824
17 824
17 824
Free-cash
14 486
12 732
19 661
16 219

Estimated living cost  is ₴17824 per week

₴11740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4405
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19004
₴13706
₴18290
₴17278
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
10 839
pensions
-
-
-
3 698
total
-
-
-
14 537
Employee
24 944
-
44 877
-
pensions
1 904
-
4 296
-
income
4 543
-
7 969
-
health
325
-
734
-
total
6 772
-
12 999
-
Employer
24 944
-
44 877
-
health
474
-
852
-
pensions
2 520
-
5 270
-
total
2 994
-
6 122
-
Corporate
23 061
51 000
-
-
income

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

4 382
9 690
-
-
total
4 382
9 690
-
-
Dividends
18 679
41 310
-
-
withholding
1 401
4 133
-
-
total
1 401
4 133
-
-
Income
51 000
51 000
51 000
51 000
Total tax
15 549
13 823
19 121
14 537
After tax
35 451
37 177
31 879
36 463
Living cost
18 173
18 173
18 173
18 173
Free-cash
17 278
19 004
13 706
18 290

Estimated living cost  is ₴18173 per week

₴12466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1671
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7724
₴14558
₴23141
₴2313
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
accident
-
-
-
126
income
-
-
-
12 538
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
16 004
Employee
18 648
-
43 716
-
pensions
2 100
-
3 797
-
income
2 558
-
8 500
-
health
2 135
-
5 006
-
total
6 793
-
17 303
-
Employer
18 648
-
43 716
-
pensions
3 032
-
5 483
-
accident
311
-
730
-
unemployment
457
-
1 071
-
total
3 800
-
7 284
-
Corporate
28 551
51 000
-
-
income

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

25 696
45 900
-
-
total
25 696
45 900
-
-
Dividends
2 855
5 100
-
-
withholding
543
969
-
-
total
543
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
36 832
46 869
24 587
16 004
After tax
14 168
4 131
26 413
34 996
Living cost
11 855
11 855
11 855
11 855
Free-cash
2 313
-7 724
14 558
23 141

Estimated living cost  is ₴11855 per week

₴8700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36283
₴25696
₴22470
₴34327
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
51 000
income
-
-
-
7 871
unemployment
-
-
-
612
work injury
-
-
-
255
health insurance
-
-
-
3 774
pensions
-
-
-
9 384
total
-
-
-
21 896
Employee

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

10 615
-
51 000
-
health insurance
786
-
2 906
-
unemployment
127
-
471
-
work injury
53
-
196
-
pensions
1 953
-
7 226
-
income
1 062
-
7 871
-
total
3 981
-
18 670
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 385
51 000
-
-
income

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

-
510
-
-
total
-
510
-
-
Dividends
40 385
50 490
-
-
withholding
6 058
7 573
-
-
total
6 058
7 573
-
-
Income
51 000
51 000
51 000
51 000
Total tax
10 039
8 083
18 670
21 896
After tax
40 961
42 917
32 330
29 104
Living cost
6 634
6 634
6 634
6 634
Free-cash
34 327
36 283
25 696
22 470

Estimated living cost  is ₴6634 per week

₴4110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7302
₴3646
₴5978
₴5067
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
social contributions
-
-
-
13 117
regional
-
-
-
1 036
municipal
-
-
-
341
national
-
-
-
10 967
total
-
-
-
25 461
Employee
41 376
-
51 000
-
municipal
247
-
304
-
national
6 992
-
9 417
-
regional
625
-
875
-
social contributions
13 952
-
17 197
-
total
21 816
-
27 793
-
Employer
41 376
-
51 000
-
total
-
-
-
-
Corporate
9 624
51 000
-
-
municipal
464
2 458
-
-
nationa
2 310
12 240
-
-
total
2 774
14 698
-
-
Dividends
6 850
36 302
-
-
withholding
1 782
9 439
-
-
total
1 782
9 439
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 372
24 137
27 793
25 461
After tax
24 628
26 863
23 207
25 539
Living cost
19 561
19 561
19 561
19 561
Free-cash
5 067
7 302
3 646
5 978

Estimated living cost  is ₴19561 per week

₴13740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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