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
₴16133
₴10580
₴21005
₴16648
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 357
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.

-
-
-
10 772
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.

-
-
-
3 429
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.

-
-
-
592
total
-
-
-
19 150
Employee

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

19 196
-
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.

30
-
592
-
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.

3 429
-
3 429
-
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.

536
-
10 772
-
total
3 995
-
14 793
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 804
51 000
-
-
trade
5 009
8 033
-
-
income
4 771
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.

262
421
-
-
chamber of commerce
122
150
-
-
total
10 164
16 254
-
-
Dividends
21 641
34 747
-
-
withholding
5 219
8 496
-
-
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.

287
468
-
-
total
5 506
8 964
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 665
25 218
14 793
19 150
After tax
31 335
25 782
36 207
31 850
Living cost
15 202
15 202
15 202
15 202
Free-cash
16 133
10 580
21 005
16 648

Estimated living cost  is ₴15202 per week

₴9562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1772
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.
₴3583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5526
₴5956
₴5321
₴4921
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
6 120
municipal
-
-
-
5 312
national
-
-
-
8 231
total
-
-
-
20 211
Employee
40 101
-
44 089
-
national
7 675
-
8 537
-
municipal
4 953
-
5 509
-
pensions
1 604
-
1 764
-
total
14 232
-
15 810
-
Employer
40 101
-
44 089
-
pensions
3 208
-
3 527
-
social contributions
431
-
474
-
total
3 639
-
4 001
-
Corporate
4 614
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%.

923
10 200
-
-
total
923
10 200
-
-
Dividends
3 691
40 800
-
-
withholding
812
8 976
-
-
total
812
8 976
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 606
19 176
19 811
20 211
After tax
31 394
31 824
31 189
30 789
Living cost
25 868
25 868
25 868
25 868
Free-cash
5 526
5 956
5 321
4 921

Estimated living cost  is ₴25868 per week

₴17582
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴387
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5494
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26242
₴30359
₴18297
₴16775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
income
-
-
-
7 387
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
23 784
Employee
14 665
-
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.

1 613
-
4 521
-
income
2 611
-
7 841
-
total
4 224
-
12 362
-
Employer
14 665
-
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.

3 533
-
9 900
-
surtax
-
-
-
-
total
3 533
-
9 900
-
Corporate
32 802
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%.

6 560
10 200
-
-
total
6 560
10 200
-
-
Dividends

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

26 242
40 800
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
14 317
10 200
22 262
23 784
After tax
36 683
40 800
28 738
27 216
Living cost
10 441
10 441
10 441
10 441
Free-cash
26 242
30 359
18 297
16 775

Estimated living cost  is ₴10441 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴994
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.
₴2549
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴594
₴3668
₴3855
₴7920
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 116
pensions
-
-
-
5 880
health
-
-
-
6 059
total
-
-
-
22 055
Employee
42 859
42 859
43 401
-
health
6 578
5 595
5 626
-
pensions
7 715
5 880
5 880
-
income

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

7 015
7 015
7 015
-
total
21 308
18 490
18 521
-
Employer
42 859
42 859
43 401
-
pensions
2 983
2 983
3 021
-
unemployment
1 543
1 543
1 562
-
health
2 979
2 979
3 016
-
total
7 505
7 505
7 599
-
Corporate
1 162
636
-
-
income
232
128
-
-
total
232
128
-
-
Dividends
929
508
-
-
withholding
139
76
-
-
income
197
108
-
-
total
336
184
-
-
Income
51 000
51 000
51 000
51 000
Total tax
29 381
26 307
26 120
22 055
After tax
21 619
24 693
24 880
28 945
Living cost
21 025
21 025
21 025
21 025
Free-cash
594
3 668
3 855
7 920

Estimated living cost  is ₴21025 per week

₴14900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6574
₴7041
₴6429
₴5717
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 298
unemployment
-
-
-
46
pensions
-
-
-
4 929
municipal
-
-
-
11 269
accident
-
-
-
91
national
-
-
-
-
health
-
-
-
2 845
total
-
-
-
24 478
Employee
29 646
-
38 807
-
national
-
-
-
-
municipal
8 840
-
11 572
-
total
8 840
-
11 572
-
Employer
29 646
-
38 807
-
other
3 445
-
4 509
-
accident
59
-
78
-
pensions
3 205
-
4 195
-
unemployment
783
-
1 025
-
health
1 823
-
2 387
-
total
9 315
-
12 194
-
Corporate
12 040
51 000
-
-
income
2 649
11 220
-
-
total
2 649
11 220
-
-
Dividends
9 391
39 780
-
-
withholding
2 817
11 934
-
-
total
2 817
11 934
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 621
23 154
23 766
24 478
After tax
27 379
27 846
27 234
26 522
Living cost
20 805
20 805
20 805
20 805
Free-cash
6 574
7 041
6 429
5 717

Estimated living cost  is ₴20805 per week

₴13789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4659
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12857
₴5805
₴16491
₴11940
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 551
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.

-
-
-
10 772
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.

-
-
-
3 429
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.

-
-
-
592
total
-
-
-
19 344
Employee

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

25 452
-
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.

120
-
592
-
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.

3 429
-
3 429
-
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.

2 187
-
10 772
-
total
5 736
-
14 793
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
25 548
51 000
-
-
trade
4 203
8 390
-
-
income
3 833
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.

210
421
-
-
chamber of commerce
112
149
-
-
total
8 358
16 610
-
-
Dividends
17 190
34 391
-
-
withholding
4 107
8 407
-
-
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.

226
462
-
-
total
4 333
8 869
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 427
25 479
14 793
19 344
After tax
32 573
25 521
36 207
31 656
Living cost
19 716
19 716
19 716
19 716
Free-cash
12 857
5 805
16 491
11 940

Estimated living cost  is ₴19716 per week

₴13186
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18966
₴21048
₴19738
₴19790
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 956
income
-
-
-
5 675
health
-
-
-
1 300
total
-
-
-
14 931
Employee
38 593
38 593
46 301
-
health
384
656
787
-
social contributions
1 875
3 203
3 843
-
income
4 053
3 573
5 654
-
total
6 312
7 432
10 284
-
Employer
38 593
38 593
46 301
-
social contributions
1 875
3 203
3 843
-
health
418
714
856
-
total
2 293
3 917
4 699
-
Corporate
26 116
8 490
-
-
income
3 265
1 061
-
-
total
3 265
1 061
-
-
Dividends
22 851
7 429
-
-
withholding
3 885
1 263
-
-
total
3 885
1 263
-
-
Income
51 000
51 000
51 000
51 000
Total tax
15 755
13 673
14 983
14 931
After tax
35 245
37 327
36 017
36 069
Living cost
16 279
16 279
16 279
16 279
Free-cash
18 966
21 048
19 738
19 790

Estimated living cost  is ₴16279 per week

₴11128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1271
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.
₴3606
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19639
₴19447
₴20281
₴26045
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
765
income
-
-
-
6 235
pensions
-
-
-
5 100
health
-
-
-
3 570
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.

13 403
5 334
42 678
-
unemployment
201
80
640
-
health
938
373
2 987
-
pensions
1 340
533
4 268
-
income
1 639
652
5 217
-
total
4 118
1 638
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.

13 403
5 334
42 678
-
pensions
2 614
1 040
8 322
-
total
2 614
1 040
8 322
-
Corporate
34 983
44 625
-
-
income
3 148
4 016
-
-
total
3 148
4 016
-
-
Dividends
31 834
40 609
-
-
withholding
6 049
7 716
-
-
social contributions
6 147
7 858
-
-
total
12 196
15 574
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 076
22 268
21 434
15 670
After tax
28 924
28 732
29 566
35 330
Living cost
9 285
9 285
9 285
9 285
Free-cash
19 639
19 447
20 281
26 045

Estimated living cost  is ₴9285 per week

₴6336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴760
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴186
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25559
₴28678
₴17274
₴15214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 834
pensions
-
-
-
10 200
health
-
-
-
6 630
total
-
-
-
23 664
Employee
14 238
-
38 117
-
unemployment
228
-
610
-
pensions
285
-
762
-
income
1 603
-
7 349
-
total
2 116
-
8 721
-
Employer
14 238
-
38 117
-
pensions
2 848
-
7 623
-
unemployment
114
-
305
-
health
1 851
-
4 955
-
total
4 813
-
12 883
-
Corporate
31 950
51 000
-
-
income
6 390
10 200
-
-
total
6 390
10 200
-
-
Dividends
25 560
40 800
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
13 319
10 200
21 604
23 664
After tax
37 681
40 800
29 396
27 336
Living cost
12 122
12 122
12 122
12 122
Free-cash
25 559
28 678
17 274
15 214

Estimated living cost  is ₴12122 per week

₴8315
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴722
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2396
-₴7170
₴15015
₴23706
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
12 416
pensions
-
-
-
2 137
accident
-
-
-
130
health
-
-
-
1 120
total
-
-
-
15 993
Employee
17 778
-
43 546
-
health
2 036
-
4 986
-
pensions
2 002
-
3 919
-
income
2 439
-
8 326
-
total
6 477
-
17 231
-
Employer
17 778
-
43 546
-
accident
297
-
727
-
pensions
2 891
-
5 659
-
unemployment
436
-
1 067
-
total
3 624
-
7 453
-
Corporate
29 599
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.

26 640
45 900
-
-
total
26 640
45 900
-
-
Dividends
2 960
5 100
-
-
withholding
562
969
-
-
total
562
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
37 303
46 869
24 684
15 993
After tax
13 697
4 131
26 316
35 007
Living cost
11 301
11 301
11 301
11 301
Free-cash
2 396
-7 170
15 015
23 706

Estimated living cost  is ₴11301 per week

₴8283
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴626
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43557
₴44329
₴36679
₴46369
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 151
-
51 000
-
income
1 030
-
10 200
-
total
1 030
-
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%.

45 849
51 000
-
-
total
-
-
-
-
Dividends
45 849
51 000
-
-
withholding
2 292
2 550
-
-
total
2 292
2 550
-
-
Income
51 000
51 000
51 000
51 000
Total tax
3 322
2 550
10 200
510
After tax
47 678
48 450
40 800
50 490
Living cost
4 121
4 121
4 121
4 121
Free-cash
43 557
44 329
36 679
46 369

Estimated living cost  is ₴4121 per week

₴2554
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴113
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20710
₴24097
₴16429
₴14242
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 423
income
-
-
-
6 477
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.

-
-
-
12 241
health
-
-
-
2 244
total
-
-
-
23 385
Employee
18 223
-
40 734
-
unemployment
182
-
408
-
health
255
-
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.

1 275
-
2 852
-
income
3 137
-
7 102
-
total
4 849
-
10 932
-
Employer
18 223
-
40 734
-
other
911
-
2 037
-
accident
146
-
326
-
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.

3 098
-
6 925
-
unemployment
182
-
408
-
health
255
-
570
-
total
4 592
-
10 266
-
Corporate
28 185
51 000
-
-
income
5 918
10 710
-
-
total
5 918
10 710
-
-
Dividends
22 266
40 290
-
-
withholding
1 558
2 820
-
-
total
1 558
2 820
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 917
13 530
21 198
23 385
After tax
34 083
37 470
29 802
27 615
Living cost
13 373
13 373
13 373
13 373
Free-cash
20 710
24 097
16 429
14 242

Estimated living cost  is ₴13373 per week

₴9449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴903
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2806
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2148
₴4231
-₴1142
₴3489
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 751
pensions
-
-
-
3 724
total
-
-
-
14 475
Employee
46 741
-
44 884
-
health
770
-
732
-
pensions
4 509
-
4 286
-
income
8 426
-
7 973
-
total
13 705
-
12 991
-
Employer
46 741
-
44 884
-
pensions
5 519
-
5 262
-
health
888
-
853
-
total
6 407
-
6 115
-
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
-
4 043
-
-
total
-
4 043
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 112
13 733
19 106
14 475
After tax
30 888
37 267
31 894
36 525
Living cost
33 036
33 036
33 036
33 036
Free-cash
-2 148
4 231
-1 142
3 489

Estimated living cost  is ₴33036 per week

₴24755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3882
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴34697
₴37028
₴33691
₴32095
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
70
income
-
-
-
7 650
pensions

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

-
-
-
2 593
health
-
-
-
2 015
total
-
-
-
12 328
Employee
8 709
-
47 562
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
health
401
-
806
-
pensions

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

765
-
1 539
-
income
871
-
4 756
-
total
2 133
-
7 294
-
Employer
8 709
-
47 562
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
pensions

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

960
-
1 931
-
unemployment
52
-
105
-
health
601
-
1 209
-
total
1 709
-
3 438
-
Corporate
40 582
51 000
-
-
income
4 058
5 100
-
-
total
4 058
5 100
-
-
Dividends
36 524
45 900
-
-
withholding
1 826
2 295
-
-
total
1 826
2 295
-
-
Income
51 000
51 000
51 000
51 000
Total tax
9 726
7 395
10 732
12 328
After tax
41 274
43 605
40 268
38 672
Living cost
6 577
6 577
6 577
6 577
Free-cash
34 697
37 028
33 691
32 095

Estimated living cost  is ₴6577 per week

₴3840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3676
-₴3137
-₴2950
₴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
income
-
-
-
10 116
pensions
-
-
-
5 880
health
-
-
-
6 059
total
-
-
-
22 055
Employee
46 531
42 859
43 401
-
health
5 805
5 595
5 626
-
pensions
5 880
5 880
5 880
-
income

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

7 015
7 015
7 015
-
total
18 700
18 490
18 521
-
Employer
46 531
42 859
43 401
-
pensions
3 238
2 983
3 021
-
unemployment
1 675
1 543
1 562
-
health
3 233
2 979
3 016
-
total
8 146
7 505
7 599
-
Corporate
-
636
-
-
income
-
128
-
-
total
-
128
-
-
Dividends
-
508
-
-
withholding
-
76
-
-
income
-
108
-
-
total
-
184
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 846
26 307
26 120
22 055
After tax
24 154
24 693
24 880
28 945
Living cost
27 830
27 830
27 830
27 830
Free-cash
-3 676
-3 137
-2 950
1 115

Estimated living cost  is ₴27830 per week

₴20529
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2486
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18204
₴22649
₴13417
₴12376
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 892
income
-
-
-
4 383
health
-
-
-
6 885
solidarity contribution
-
-
-
-
total
-
-
-
26 160
Employee
18 329
-
38 060
-
solidarity contribution
-
-
-
-
health
2 474
-
5 138
-
social contributions
1 191
-
2 474
-
income
2 200
-
4 567
-
total
5 865
-
12 179
-
Employer
18 329
-
38 060
-
social contributions
4 582
-
9 515
-
health
1 650
-
3 425
-
total
6 232
-
12 940
-
Corporate
26 439
51 000
-
-
income
5 023
9 690
-
-
total
5 023
9 690
-
-
Dividends
21 415
41 310
-
-
withholding
3 212
6 197
-
-
total
3 212
6 197
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 332
15 887
25 119
26 160
After tax
30 668
35 113
25 881
24 840
Living cost
12 464
12 464
12 464
12 464
Free-cash
18 204
22 649
13 417
12 376

Estimated living cost  is ₴12464 per week

₴8658
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2675
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3411
₴6033
₴2521
₴4946
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
565
social contributions
-
-
-
13 117
municipal
-
-
-
303
national
-
-
-
10 891
total
-
-
-
24 876
Employee
44 604
-
51 000
-
national
7 729
-
9 340
-
regional
421
-
494
-
municipal
236
-
270
-
social contributions
15 041
-
17 197
-
total
23 427
-
27 301
-
Employer
44 604
-
51 000
-
total
-
-
-
-
Corporate
6 396
51 000
-
-
nationa
1 535
12 240
-
-
municipal
250
1 989
-
-
total
1 785
14 229
-
-
Dividends
4 611
36 772
-
-
withholding
1 199
9 560
-
-
total
1 199
9 560
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 411
23 789
27 301
24 876
After tax
24 589
27 211
23 699
26 124
Living cost
21 178
21 178
21 178
21 178
Free-cash
3 411
6 033
2 521
4 946

Estimated living cost  is ₴21178 per week

₴14763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1389
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.
₴4701
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19442
₴21004
₴14091
₴15080
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
9 714
pensions
-
-
-
10 200
health
-
-
-
3 621
surtax
-
-
-
1 196
total
-
-
-
24 845
Employee
16 597
-
42 131
-
surtax
54
-
1 082
-
unemployment
1 155
-
2 933
-
other
-
-
-
-
health
424
-
1 074
-
pensions
1 107
-
2 811
-
income
2 782
-
9 066
-
total
5 522
-
16 966
-
Employer
16 597
-
42 131
-
other
-
-
-
-
pensions
2 212
-
5 616
-
unemployment
526
-
1 335
-
health
755
-
1 917
-
total
3 493
-
8 868
-
Corporate
30 909
51 000
-
-
income
8 037
13 260
-
-
total
8 037
13 260
-
-
Dividends
22 873
37 740
-
-
withholding
3 431
5 661
-
-
total
3 431
5 661
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 483
18 921
25 834
24 845
After tax
30 517
32 079
25 166
26 155
Living cost
11 075
11 075
11 075
11 075
Free-cash
19 442
21 004
14 091
15 080

Estimated living cost  is ₴11075 per week

₴6772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1022
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.
₴3026
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11755
₴14698
₴9325
₴13956
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 751
pensions
-
-
-
3 724
total
-
-
-
14 475
Employee
31 325
-
44 884
-
health
455
-
732
-
pensions
2 659
-
4 286
-
income
5 642
-
7 973
-
total
8 756
-
12 991
-
Employer
31 325
-
44 884
-
pensions
3 391
-
5 262
-
health
595
-
853
-
total
3 986
-
6 115
-
Corporate
15 689
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.

2 981
9 690
-
-
total
2 981
9 690
-
-
Dividends
12 709
41 310
-
-
withholding
953
4 043
-
-
total
953
4 043
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 676
13 733
19 106
14 475
After tax
34 324
37 267
31 894
36 525
Living cost
22 569
22 569
22 569
22 569
Free-cash
11 755
14 698
9 325
13 956

Estimated living cost  is ₴22569 per week

₴16909
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-₴9
-₴16476
₴237
₴2808
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
538
regional
-
-
-
1 717
pensions
-
-
-
4 693
national
-
-
-
297
health
-
-
-
130
total
-
-
-
8 395
Employee
46 573
-
45 648
-
national
220
-
213
-
unemployment
-
-
-
-
city
500
-
491
-
regional
1 525
-
1 475
-
health
105
-
102
-
pensions
3 913
-
3 835
-
total
6 263
-
6 116
-
Employer
46 573
-
45 648
-
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.

931
-
913
-
pensions
3 913
-
3 835
-
unemployment
-
-
-
-
health
105
-
102
-
total
4 949
-
4 850
-
Corporate
-
51 000
-
-
regional
-
10 787
-
-
national
-
4 335
-
-
total
-
15 122
-
-
Dividends
-
35 878
-
-
withholding
-
12 557
-
-
total
-
12 557
-
-
Income
51 000
51 000
51 000
51 000
Total tax
11 212
27 679
10 966
8 395
After tax
39 788
23 321
40 034
42 605
Living cost
39 797
39 797
39 797
39 797
Free-cash
-9
-16 476
237
2 808

Estimated living cost  is ₴39797 per week

₴25880
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴489
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9858
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴10406
₴2268
₴13215
₴8470
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 745
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.

-
-
-
10 772
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.

-
-
-
3 429
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.

-
-
-
592
total
-
-
-
19 538
Employee

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

30 162
-
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.

195
-
592
-
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.

3 429
-
3 429
-
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.

3 547
-
10 772
-
total
7 171
-
14 793
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
20 838
51 000
-
-
trade
3 573
8 746
-
-
income
3 126
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.

172
421
-
-
chamber of commerce
106
148
-
-
total
6 977
16 965
-
-
Dividends
13 860
34 035
-
-
withholding
3 274
8 318
-
-
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.

180
457
-
-
total
3 454
8 775
-
-
Income
51 000
51 000
51 000
51 000
Total tax
17 602
25 740
14 793
19 538
After tax
33 398
25 260
36 207
31 462
Living cost
22 992
22 992
22 992
22 992
Free-cash
10 406
2 268
13 215
8 470

Estimated living cost  is ₴22992 per week

₴16792
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4062
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11496
₴8533
₴14916
₴12174
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 583
social contributions
-
-
-
1 453
income
-
-
-
4 971
pensions
-
-
-
12 659
health
-
-
-
989
surtax
-
-
-
-
total
-
-
-
21 655
Employee
21 480
-
41 378
-
surtax
-
-
-
-
pensions
2 429
-
1 984
-
social contributions
612
-
1 178
-
income
1 268
-
6 128
-
total
4 309
-
9 290
-
Employer
21 480
-
41 378
-
other
741
-
1 428
-
pensions
3 529
-
3 499
-
unemployment
870
-
1 676
-
social contributions
65
-
124
-
health
1 504
-
2 896
-
total
6 709
-
9 623
-
Corporate
22 812
51 000
-
-
income
6 388
14 280
-
-
surtax
-
-
-
-
total
6 388
14 280
-
-
Dividends
16 424
36 720
-
-
withholding
2 102
4 700
-
-
social contributions
2 825
6 316
-
-
surtax
-
-
-
-
total
4 927
11 016
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 333
25 296
18 913
21 655
After tax
28 667
25 704
32 087
29 345
Living cost
17 171
17 171
17 171
17 171
Free-cash
11 496
8 533
14 916
12 174

Estimated living cost  is ₴17171 per week

₴10827
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13021
₴10234
₴16617
₴13875
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 583
social contributions
-
-
-
1 453
income
-
-
-
4 971
pensions
-
-
-
12 659
health
-
-
-
989
surtax
-
-
-
-
total
-
-
-
21 655
Employee
19 174
-
41 378
-
surtax
-
-
-
-
pensions
2 169
-
1 984
-
social contributions
547
-
1 178
-
income
989
-
6 128
-
total
3 705
-
9 290
-
Employer
19 174
-
41 378
-
other
662
-
1 428
-
pensions
3 151
-
3 499
-
unemployment
776
-
1 676
-
social contributions
57
-
124
-
health
1 342
-
2 896
-
total
5 988
-
9 623
-
Corporate
25 838
51 000
-
-
income
7 235
14 280
-
-
surtax
-
-
-
-
total
7 235
14 280
-
-
Dividends
18 604
36 720
-
-
withholding
2 381
4 700
-
-
social contributions
3 200
6 316
-
-
surtax
-
-
-
-
total
5 581
11 016
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 509
25 296
18 913
21 655
After tax
28 491
25 704
32 087
29 345
Living cost
15 470
15 470
15 470
15 470
Free-cash
13 021
10 234
16 617
13 875

Estimated living cost  is ₴15470 per week

₴8972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1571
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.
₴4634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20733
₴20472
₴22157
₴22110
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 038
income
-
-
-
7 650
health
-
-
-
3 560
total
-
-
-
18 248
Employee
17 017
-
51 000
-
health
1 188
-
3 560
-
social contributions
2 349
-
7 038
-
income
2 838
-
7 603
-
total
6 375
-
18 201
-
Employer
17 017
-
51 000
-
total
-
-
-
-
Corporate
33 983
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%.

1 699
2 550
-
-
total
1 699
2 550
-
-
Dividends
32 284
48 450
-
-
health
2 253
3 382
-
-
withholding
4 843
7 268
-
-
social contributions
4 455
6 686
-
-
total
11 551
17 336
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 625
19 886
18 201
18 248
After tax
31 375
31 114
32 799
32 752
Living cost
10 642
10 642
10 642
10 642
Free-cash
20 733
20 472
22 157
22 110

Estimated living cost  is ₴10642 per week

₴7122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Vilnius model

Close
Vienna , Austria
₴10116
₴10891
-₴2314
₴8073
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
204
unemployment
-
-
-
3 078
income
-
-
-
8 526
pensions
-
-
-
9 435
health
-
-
-
3 901
surtax
-
-
-
99
total
-
-
-
25 243
Employee
25 082
20 001
39 524
-
unemployment
752
600
1 186
-
other
250
200
395
-
health
971
774
1 530
-
pensions
2 569
2 048
4 047
-
income
2 855
1 475
7 594
-
total
7 397
5 097
14 752
-
Employer
25 082
20 001
39 524
-
payroll
752
600
1 186
-
other
1 191
950
1 877
-
accident
326
260
513
-
pensions
3 148
2 511
4 960
-
unemployment
752
600
1 186
-
chamber of commerce
100
80
158
-
surtax
99
99
99
-
health
948
756
1 494
-
total
7 316
5 856
11 473
-
Corporate
18 602
25 144
37 621
-
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.

4 651
6 286
9 405
-
total
4 651
6 286
9 405
-
Dividends
13 951
18 858
-
-
withholding
3 836
5 186
-
-
total
3 836
5 186
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 200
22 425
35 630
25 243
After tax
27 800
28 575
15 370
25 757
Living cost
17 684
17 684
17 684
17 684
Free-cash
10 116
10 891
-2 314
8 073

Estimated living cost  is ₴17684 per week

₴11795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1509
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4091
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2773
₴10301
₴1535
₴5557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 999
national
-
-
-
16 565
communal

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

-
-
-
2 580
total
-
-
-
27 144
Employee

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

35 900
-
39 500
-
national
11 037
-
12 445
-
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.

312
-
344
-
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.

1 687
-
1 856
-
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.

2 692
-
2 962
-
communal

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

1 872
-
2 060
-
total
17 600
-
19 667
-
Employer

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

35 900
-
39 500
-
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.

467
-
513
-
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.

3 181
-
3 499
-
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.

524
-
577
-
surtax
4 071
-
4 480
-
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.

2 208
-
2 430
-
total
10 451
-
11 499
-
Corporate
4 650
51 000
-
-
income
930
10 200
-
-
surtax
19
204
-
-
total
949
10 404
-
-
Dividends
3 701
40 596
-
-
withholding

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

928
11 996
-
-
total
928
11 996
-
-
Income
51 000
51 000
51 000
51 000
Total tax
29 928
22 400
31 166
27 144
After tax
21 072
28 600
19 834
23 856
Living cost
18 299
18 299
18 299
18 299
Free-cash
2 773
10 301
1 535
5 557

Estimated living cost  is ₴18299 per week

₴11787
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.
₴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.
₴4626
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12238
₴16236
₴8784
₴9307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
9 612
pensions
-
-
-
13 164
accident
-
-
-
419
total
-
-
-
23 568
Employee
24 983
-
38 672
-
unemployment
388
-
599
-
other
25
-
39
-
pensions
1 174
-
1 817
-
income
5 271
-
9 307
-
total
6 858
-
11 762
-
Employer
24 983
-
38 672
-
other
199
-
310
-
accident
494
-
766
-
pensions
5 895
-
9 126
-
unemployment
1 374
-
2 127
-
total
7 962
-
12 329
-
Corporate
18 054
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.

2 708
7 650
-
-
total
2 708
7 650
-
-
Dividends
15 347
43 350
-
-
withholding
3 109
8 989
-
-
total
3 109
8 989
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 637
16 639
24 091
23 568
After tax
30 363
34 361
26 909
27 432
Living cost
18 125
18 125
18 125
18 125
Free-cash
12 238
16 236
8 784
9 307

Estimated living cost  is ₴18125 per week

₴13347
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1286
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴459
₴3918
₴4079
₴1816
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 501
pensions
-
-
-
7 644
accident
-
-
-
430
communal
-
-
-
3 223
health
-
-
-
3 583
surtax
-
-
-
2 529
total
-
-
-
21 910
Employee
38 007
-
45 556
-
surtax
2 330
-
2 792
-
health
1 691
-
2 028
-
pensions
3 040
-
3 645
-
income
3 671
-
5 737
-
total
10 732
-
14 202
-
Employer
38 007
-
45 556
-
accident
342
-
410
-
pensions
3 040
-
3 645
-
health
1 159
-
1 390
-
total
4 541
-
5 445
-
Corporate
8 452
51 000
-
-
income
1 268
7 650
-
-
communal
-
3 442
-
-
surtax
89
535
-
-
total
1 357
11 627
-
-
Dividends
7 095
39 373
-
-
withholding
1 064
5 906
-
-
income
5 573
2 275
-
-
total
6 637
8 181
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 267
19 808
19 647
21 910
After tax
27 733
31 192
31 353
29 090
Living cost
27 274
27 274
27 274
27 274
Free-cash
459
3 918
4 079
1 816

Estimated living cost  is ₴27274 per week

₴20460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1652
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4873
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19211
₴20806
₴13893
₴14882
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
9 714
pensions
-
-
-
10 200
health
-
-
-
3 621
surtax
-
-
-
1 196
total
-
-
-
24 845
Employee
16 902
-
42 131
-
surtax
60
-
1 082
-
unemployment
1 176
-
2 933
-
other
-
-
-
-
health
431
-
1 074
-
pensions
1 128
-
2 811
-
income
2 833
-
9 066
-
total
5 628
-
16 966
-
Employer
16 902
-
42 131
-
other
-
-
-
-
pensions
2 253
-
5 616
-
unemployment
536
-
1 335
-
health
769
-
1 917
-
total
3 558
-
8 868
-
Corporate
30 540
51 000
-
-
income
7 940
13 260
-
-
total
7 940
13 260
-
-
Dividends
22 600
37 740
-
-
withholding
3 390
5 661
-
-
total
3 390
5 661
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 516
18 921
25 834
24 845
After tax
30 484
32 079
25 166
26 155
Living cost
11 273
11 273
11 273
11 273
Free-cash
19 211
20 806
13 893
14 882

Estimated living cost  is ₴11273 per week

₴6806
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴980
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3226
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12172
₴13288
₴9987
₴12400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
769
social contributions
-
-
-
13 117
municipal
-
-
-
303
national
-
-
-
10 891
total
-
-
-
25 080
Employee
27 840
-
51 000
-
national
4 411
-
9 340
-
regional
375
-
686
-
municipal
148
-
270
-
social contributions
9 388
-
17 197
-
total
14 322
-
27 493
-
Employer
27 840
-
51 000
-
total
-
-
-
-
Corporate
23 160
51 000
-
-
nationa
5 558
12 240
-
-
municipal
1 151
2 534
-
-
total
6 709
14 774
-
-
Dividends
16 450
36 226
-
-
withholding
4 277
9 418
-
-
total
4 277
9 418
-
-
Income
51 000
51 000
51 000
51 000
Total tax
25 308
24 192
27 493
25 080
After tax
25 692
26 808
23 507
25 920
Living cost
13 520
13 520
13 520
13 520
Free-cash
12 172
13 288
9 987
12 400

Estimated living cost  is ₴13520 per week

₴8408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14276
₴19754
₴10522
₴9481
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 892
income
-
-
-
4 383
health
-
-
-
6 885
solidarity contribution
-
-
-
-
total
-
-
-
26 160
Employee
22 586
-
38 060
-
solidarity contribution
-
-
-
-
health
3 049
-
5 138
-
social contributions
1 468
-
2 474
-
income
2 710
-
4 567
-
total
7 227
-
12 179
-
Employer
22 586
-
38 060
-
social contributions
5 647
-
9 515
-
health
2 033
-
3 425
-
total
7 680
-
12 940
-
Corporate
20 734
51 000
-
-
income
3 939
9 690
-
-
total
3 939
9 690
-
-
Dividends
16 795
41 310
-
-
withholding
2 519
6 197
-
-
total
2 519
6 197
-
-
Income
51 000
51 000
51 000
51 000
Total tax
21 365
15 887
25 119
26 160
After tax
29 635
35 113
25 881
24 840
Living cost
15 359
15 359
15 359
15 359
Free-cash
14 276
19 754
10 522
9 481

Estimated living cost  is ₴15359 per week

₴11422
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2820
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12368
₴12617
-₴624
₴9844
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
204
unemployment
-
-
-
3 078
income
-
-
-
8 526
pensions
-
-
-
9 435
health
-
-
-
3 901
surtax
-
-
-
-
total
-
-
-
25 144
Employee
21 939
20 001
39 602
-
unemployment
658
600
1 188
-
other
219
200
396
-
health
849
774
1 532
-
pensions
2 247
2 048
4 055
-
income
1 954
1 475
7 620
-
total
5 927
5 097
14 791
-
Employer
21 939
20 001
39 602
-
payroll
658
600
1 188
-
other
1 042
950
1 881
-
accident
285
260
515
-
pensions
2 753
2 511
4 970
-
unemployment
658
600
1 188
-
chamber of commerce
88
80
158
-
surtax
-
-
-
-
health
830
756
1 497
-
total
6 314
5 757
11 397
-
Corporate
22 748
25 243
37 698
-
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.

5 687
6 311
9 424
-
total
5 687
6 311
9 424
-
Dividends
17 061
18 932
-
-
withholding
4 692
5 206
-
-
total
4 692
5 206
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 620
22 371
35 612
25 144
After tax
28 380
28 629
15 388
25 856
Living cost
16 012
16 012
16 012
16 012
Free-cash
12 368
12 617
-624
9 844

Estimated living cost  is ₴16012 per week

₴9605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4486
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴40825
₴42029
₴34379
₴44069
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 027
-
51 000
-
income
1 605
-
10 200
-
total
1 605
-
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%.

42 973
51 000
-
-
total
-
-
-
-
Dividends
42 973
51 000
-
-
withholding
2 149
2 550
-
-
total
2 149
2 550
-
-
Income
51 000
51 000
51 000
51 000
Total tax
3 754
2 550
10 200
510
After tax
47 246
48 450
40 800
50 490
Living cost
6 421
6 421
6 421
6 421
Free-cash
40 825
42 029
34 379
44 069

Estimated living cost  is ₴6421 per week

₴4345
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴270
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17456
₴21652
₴11427
₴12889
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
76
income
-
-
-
10 241
pensions
-
-
-
9 314
health
-
-
-
5 018
total
-
-
-
24 649
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.

22 193
-
44 128
-
unemployment
31
-
62
-
health
1 433
-
2 851
-
pensions
3 440
-
6 840
-
income
3 827
-
9 488
-
total
8 731
-
19 241
-
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.

22 193
-
44 128
-
pensions
1 964
-
3 905
-
unemployment
13
-
27
-
health
1 478
-
2 938
-
total
3 455
-
6 870
-
Corporate
25 351
51 000
-
-
income
4 816
9 690
-
-
total
4 816
9 690
-
-
Dividends
20 535
41 310
-
-
withholding
3 080
6 196
-
-
total
3 080
6 196
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 082
15 886
26 111
24 649
After tax
30 918
35 114
24 889
26 351
Living cost
13 462
13 462
13 462
13 462
Free-cash
17 456
21 652
11 427
12 889

Estimated living cost  is ₴13462 per week

₴9238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3100
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴23122
₴9578
₴23011
₴13795
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 814
income
-
-
-
9 941
total
-
-
-
15 755
Employee
30 756
-
-
-
social contributions
2 522
-
359
-
income
6 784
-
-
-
total
9 306
-
359
-
Employer
30 756
-
-
-
social contributions
43 366
-
6 180
-
total
43 366
-
6 180
-
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
52 672
19 972
6 539
15 755
After tax
-1 672
31 028
44 461
35 245
Living cost
21 450
21 450
21 450
21 450
Free-cash
-23 122
9 578
23 011
13 795

Estimated living cost  is ₴21450 per week

₴13917
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2017
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.
₴5242
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12761
₴13266
₴10103
₴12738
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
17 723
income
-
-
-
4 796
surtax
-
-
-
-
total
-
-
-
22 519
Employee
23 083
-
41 212
-
surtax
-
-
-
-
social contributions
2 539
-
4 534
-
income
4 801
-
10 832
-
total
7 340
-
15 366
-
Employer
23 083
-
41 212
-
social contributions
5 482
-
9 788
-
total
5 482
-
9 788
-
Corporate
22 435
51 000
-
-
income
4 712
10 710
-
-
surtax
-
-
-
-
total
4 712
10 710
-
-
Dividends
17 723
40 290
-
-
withholding
4 962
11 281
-
-
total
4 962
11 281
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 496
21 991
25 154
22 519
After tax
28 504
29 009
25 846
28 481
Living cost
15 742
15 742
15 742
15 742
Free-cash
12 761
13 266
10 103
12 738

Estimated living cost  is ₴15742 per week

₴11779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4914
₴1464
₴7847
₴5105
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 583
social contributions
-
-
-
1 453
income
-
-
-
4 971
pensions
-
-
-
12 659
health
-
-
-
989
surtax
-
-
-
-
total
-
-
-
21 655
Employee
31 434
-
41 378
-
surtax
-
-
-
-
pensions
3 555
-
1 984
-
social contributions
895
-
1 178
-
income
2 743
-
6 128
-
total
7 193
-
9 290
-
Employer
31 434
-
41 378
-
other
1 085
-
1 428
-
pensions
5 165
-
3 499
-
unemployment
1 273
-
1 676
-
social contributions
94
-
124
-
health
2 200
-
2 896
-
total
9 817
-
9 623
-
Corporate
9 748
51 000
-
-
income
2 730
14 280
-
-
surtax
-
-
-
-
total
2 730
14 280
-
-
Dividends
7 019
36 720
-
-
withholding
898
4 700
-
-
social contributions
1 208
6 316
-
-
surtax
-
-
-
-
total
2 106
11 016
-
-
Income
51 000
51 000
51 000
51 000
Total tax
21 846
25 296
18 913
21 655
After tax
29 154
25 704
32 087
29 345
Living cost
24 240
24 240
24 240
24 240
Free-cash
4 914
1 464
7 847
5 105

Estimated living cost  is ₴24240 per week

₴16405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1983
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29128
₴30814
₴25118
₴23763
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
931
social contributions
-
-
-
11 220
total
-
-
-
12 151
Employee
16 135
-
44 156
-
social contributions
1 049
-
2 871
-
income
-
-
1 081
-
total
1 049
-
3 952
-
Employer
16 135
-
44 156
-
social contributions
2 501
-
6 844
-
total
2 501
-
6 844
-
Corporate
32 364
51 000
-
-
income
3 236
5 100
-
-
total
3 236
5 100
-
-
Dividends
29 128
45 900
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
6 786
5 100
10 796
12 151
After tax
44 214
45 900
40 204
38 849
Living cost
15 086
15 086
15 086
15 086
Free-cash
29 128
30 814
25 118
23 763

Estimated living cost  is ₴15086 per week

₴9755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
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.
₴3911
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴58182
-₴58182
-₴58182
₴7448
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
434
municipal
-
-
-
9 517
labour market
-
-
-
4 045
national
-
-
-
5 422
total
-
-
-
19 418
Employee
101 863
101 863
101 863
-
national
12 444
12 444
12 444
-
municipal
21 691
21 691
21 691
-
labour market
8 137
8 137
8 137
-
pensions
145
145
145
-
total
42 417
42 417
42 417
-
Employer
101 863
101 863
101 863
-
municipal
21 726
21 726
21 726
-
pensions
290
290
290
-
national
12 466
12 466
12 466
-
labour market
8 149
8 149
8 149
-
total
42 631
42 631
42 631
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
85 048
85 048
85 048
19 418
After tax
-34 048
-34 048
-34 048
31 582
Living cost
24 134
24 134
24 134
24 134
Free-cash
-58 182
-58 182
-58 182
7 448

Estimated living cost  is ₴24134 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2424
-₴7004
₴15181
₴23872
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
12 416
pensions
-
-
-
2 137
accident
-
-
-
130
health
-
-
-
1 120
total
-
-
-
15 993
Employee
17 516
-
43 546
-
health
2 006
-
4 986
-
pensions
1 972
-
3 919
-
income
2 403
-
8 326
-
total
6 381
-
17 231
-
Employer
17 516
-
43 546
-
accident
292
-
727
-
pensions
2 848
-
5 659
-
unemployment
429
-
1 067
-
total
3 569
-
7 453
-
Corporate
29 915
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.

26 923
45 900
-
-
total
26 923
45 900
-
-
Dividends
2 991
5 100
-
-
withholding
568
969
-
-
total
568
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
37 441
46 869
24 684
15 993
After tax
13 559
4 131
26 316
35 007
Living cost
11 135
11 135
11 135
11 135
Free-cash
2 424
-7 004
15 181
23 872

Estimated living cost  is ₴11135 per week

₴8105
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13573
₴14579
₴9762
₴16854
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
9 077
national
-
-
-
5 224
health
-
-
-
576
total
-
-
-
14 877
Employee
26 405
-
42 903
-
national
436
-
2 878
-
unemployment
396
-
644
-
health
197
-
451
-
municipal
4 325
-
7 004
-
pensions
1 782
-
2 896
-
total
7 136
-
13 873
-
Employer
26 405
-
42 903
-
accident
27
-
43
-
pensions
4 581
-
7 444
-
unemployment
171
-
279
-
health
203
-
330
-
total
4 982
-
8 096
-
Corporate
19 613
51 000
-
-
income
3 922
10 200
-
-
total
3 922
10 200
-
-
Dividends

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

11 768
30 600
-
-
municipal
2 118
5 508
-
-
national
-
1 444
-
-
total
2 118
6 952
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 158
17 152
21 969
14 877
After tax
32 842
33 848
29 031
36 123
Living cost
19 269
19 269
19 269
19 269
Free-cash
13 573
14 579
9 762
16 854

Estimated living cost  is ₴19269 per week

₴12586
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1853
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22976
₴25707
₴24397
₴24449
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 956
income
-
-
-
5 675
health
-
-
-
1 300
total
-
-
-
14 931
Employee
38 593
38 593
46 301
-
health
299
656
787
-
social contributions
1 459
3 203
3 843
-
income
4 202
3 573
5 654
-
total
5 960
7 432
10 284
-
Employer
38 593
38 593
46 301
-
social contributions
1 459
3 203
3 843
-
health
325
714
856
-
total
1 784
3 917
4 699
-
Corporate
31 636
8 490
-
-
income
3 954
1 061
-
-
total
3 954
1 061
-
-
Dividends
27 681
7 429
-
-
withholding
4 706
1 263
-
-
total
4 706
1 263
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 404
13 673
14 983
14 931
After tax
34 596
37 327
36 017
36 069
Living cost
11 620
11 620
11 620
11 620
Free-cash
22 976
25 707
24 397
24 449

Estimated living cost  is ₴11620 per week

₴6964
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1140
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.
₴3259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31712
₴34265
₴23484
₴33129
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
14
income
-
-
-
4 880
pensions
-
-
-
3 193
health
-
-
-
1 816
total
-
-
-
9 903
Employee

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

11 520
-
46 237
-
unemployment
57
-
231
-
health
979
-
3 930
-
pensions
1 728
-
6 936
-
income
788
-
3 688
-
total
3 552
-
14 785
-
Employer

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

11 520
-
46 237
-
pensions
633
-
2 543
-
unemployment
57
-
231
-
health
495
-
1 989
-
total
1 185
-
4 763
-
Corporate
38 294
51 000
-
-
income
3 447
4 590
-
-
total
3 447
4 590
-
-
Dividends
34 847
46 410
-
-
withholding
3 136
4 177
-
-
total
3 136
4 177
-
-
Income
51 000
51 000
51 000
51 000
Total tax
11 320
8 767
19 548
9 903
After tax
39 680
42 233
31 452
41 097
Living cost
7 968
7 968
7 968
7 968
Free-cash
31 712
34 265
23 484
33 129

Estimated living cost  is ₴7968 per week

₴5084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
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.
₴2072
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17927
₴20560
₴13108
₴13631
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
9 612
pensions
-
-
-
13 164
accident
-
-
-
419
total
-
-
-
23 568
Employee
18 558
-
38 672
-
unemployment
288
-
599
-
other
18
-
39
-
pensions
872
-
1 817
-
income
3 578
-
9 307
-
total
4 756
-
11 762
-
Employer
18 558
-
38 672
-
other
149
-
310
-
accident
368
-
766
-
pensions
4 379
-
9 126
-
unemployment
1 021
-
2 127
-
total
5 917
-
12 329
-
Corporate
26 526
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.

3 979
7 650
-
-
total
3 979
7 650
-
-
Dividends
22 547
43 350
-
-
withholding
4 620
8 989
-
-
total
4 620
8 989
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 272
16 639
24 091
23 568
After tax
31 728
34 361
26 909
27 432
Living cost
13 801
13 801
13 801
13 801
Free-cash
17 927
20 560
13 108
13 631

Estimated living cost  is ₴13801 per week

₴9316
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1327
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2917
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30712
₴30871
₴31570
₴31637
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 211
pensions
-
-
-
695
health
-
-
-
504
total
-
-
-
18 410
Employee
1 451
-
50 218
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
131
-
313
-
income
281
-
17 174
-
total
500
-
17 696
-
Employer
1 451
-
50 218
-
pensions
160
-
382
-
unemployment
29
-
69
-
health
138
-
330
-
total
327
-
781
-
Corporate
49 222
51 000
-
-
income
10 829
11 220
-
-
total
10 829
11 220
-
-
Dividends
38 393
39 780
-
-
withholding
7 679
7 956
-
-
total
7 679
7 956
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 335
19 176
18 477
18 410
After tax
31 665
31 824
32 523
32 590
Living cost
953
953
953
953
Free-cash
30 712
30 871
31 570
31 637

Estimated living cost  is ₴953 per week

₴566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
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.
₴287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25696
₴28165
₴18394
₴18393
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
557
income
-
-
-
9 897
pensions
-
-
-
9 648
health
-
-
-
3 822
total
-
-
-
23 924
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.

13 094
-
44 358
-
unemployment
98
-
278
-
health
674
-
1 911
-
pensions
1 833
-
5 195
-
income
1 805
-
9 897
-
total
4 410
-
17 281
-
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.

13 094
-
44 358
-
pensions
1 571
-
4 453
-
unemployment
98
-
278
-
health
674
-
1 911
-
total
2 343
-
6 642
-
Corporate
35 562
51 000
-
-
income
5 334
7 650
-
-
total
5 334
7 650
-
-
Dividends
30 228
43 350
-
-
withholding
4 534
6 502
-
-
total
4 534
6 502
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 621
14 152
23 923
23 924
After tax
34 379
36 848
27 077
27 076
Living cost
8 683
8 683
8 683
8 683
Free-cash
25 696
28 165
18 394
18 393

Estimated living cost  is ₴8683 per week

₴5846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1914
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15298
₴15479
₴12316
₴14951
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
17 723
income
-
-
-
4 796
surtax
-
-
-
-
total
-
-
-
22 519
Employee
19 479
-
41 212
-
surtax
-
-
-
-
social contributions
2 143
-
4 534
-
income
3 806
-
10 832
-
total
5 949
-
15 366
-
Employer
19 479
-
41 212
-
social contributions
4 626
-
9 788
-
total
4 626
-
9 788
-
Corporate
26 895
51 000
-
-
income
5 648
10 710
-
-
surtax
-
-
-
-
total
5 648
10 710
-
-
Dividends
21 247
40 290
-
-
withholding
5 949
11 281
-
-
total
5 949
11 281
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 172
21 991
25 154
22 519
After tax
28 828
29 009
25 846
28 481
Living cost
13 530
13 530
13 530
13 530
Free-cash
15 298
15 479
12 316
14 951

Estimated living cost  is ₴13530 per week

₴9583
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴940
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.
₴2768
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12896
₴16723
₴9271
₴9794
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
9 612
pensions
-
-
-
13 164
accident
-
-
-
419
total
-
-
-
23 568
Employee
24 239
-
38 672
-
unemployment
375
-
599
-
other
24
-
39
-
pensions
1 139
-
1 817
-
income
5 063
-
9 307
-
total
6 601
-
11 762
-
Employer
24 239
-
38 672
-
other
194
-
310
-
accident
480
-
766
-
pensions
5 720
-
9 126
-
unemployment
1 333
-
2 127
-
total
7 727
-
12 329
-
Corporate
19 033
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.

2 855
7 650
-
-
total
2 855
7 650
-
-
Dividends
16 178
43 350
-
-
withholding
3 283
8 989
-
-
total
3 283
8 989
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 466
16 639
24 091
23 568
After tax
30 534
34 361
26 909
27 432
Living cost
17 638
17 638
17 638
17 638
Free-cash
12 896
16 723
9 271
9 794

Estimated living cost  is ₴17638 per week

₴12667
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3352
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31917
₴34976
₴31639
₴30043
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
70
income
-
-
-
7 650
pensions

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

-
-
-
2 593
health
-
-
-
2 015
total
-
-
-
12 328
Employee
11 427
-
47 562
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
health
526
-
806
-
pensions

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

1 003
-
1 539
-
income
1 143
-
4 756
-
total
2 798
-
7 294
-
Employer
11 427
-
47 562
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
pensions

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

1 259
-
1 931
-
unemployment
69
-
105
-
health
789
-
1 209
-
total
2 243
-
3 438
-
Corporate
37 332
51 000
-
-
income
3 733
5 100
-
-
total
3 733
5 100
-
-
Dividends
33 598
45 900
-
-
withholding
1 680
2 295
-
-
total
1 680
2 295
-
-
Income
51 000
51 000
51 000
51 000
Total tax
10 454
7 395
10 732
12 328
After tax
40 546
43 605
40 268
38 672
Living cost
8 629
8 629
8 629
8 629
Free-cash
31 917
34 976
31 639
30 043

Estimated living cost  is ₴8629 per week

₴5707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13500
₴6933
₴16831
₴12861
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
3 970
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.

-
-
-
10 772
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.

-
-
-
3 429
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.

-
-
-
592
total
-
-
-
18 763
Employee

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

24 972
-
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.

113
-
592
-
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.

3 429
-
3 429
-
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.

2 053
-
10 772
-
total
5 595
-
14 793
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 028
51 000
-
-
trade
3 735
7 318
-
-
income
3 904
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.

214
421
-
-
chamber of commerce
114
151
-
-
total
7 967
15 540
-
-
Dividends
18 060
35 459
-
-
withholding
4 324
8 674
-
-
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.

238
477
-
-
total
4 562
9 151
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 124
24 691
14 793
18 763
After tax
32 876
26 309
36 207
32 237
Living cost
19 376
19 376
19 376
19 376
Free-cash
13 500
6 933
16 831
12 861

Estimated living cost  is ₴19376 per week

₴13366
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8218
₴7110
₴5753
₴5753
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 553
income
-
-
-
12 104
total
-
-
-
16 657
Employee
39 259
-
51 000
-
social contributions
3 262
-
4 553
-
income
7 408
-
12 104
-
total
10 670
-
16 657
-
Employer
39 259
-
51 000
-
total
-
-
-
-
Corporate
11 741
51 000
-
-
income
1 468
6 375
-
-
total
1 468
6 375
-
-
Dividends
10 274
44 625
-
-
withholding
2 054
8 925
-
-
total
2 054
8 925
-
-
Income
51 000
51 000
51 000
51 000
Total tax
14 192
15 300
16 657
16 657
After tax
36 808
35 700
34 343
34 343
Living cost
28 590
28 590
28 590
28 590
Free-cash
8 218
7 110
5 753
5 753

Estimated living cost  is ₴28590 per week

₴21750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2330
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.
₴4236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14182
₴12279
₴19248
₴15436
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 059
income
-
-
-
14 286
total
-
-
-
17 345
Employee
23 023
-
48 691
-
social contributions
2 307
-
2 309
-
income
2 498
-
8 915
-
total
4 805
-
11 224
-
Employer
23 023
-
48 691
-
social contributions
2 307
-
2 309
-
total
2 307
-
2 309
-
Corporate
25 670
51 000
-
-
income
8 984
17 850
-
-
total
8 984
17 850
-
-
Dividends
16 686
33 150
-
-
social contributions
2 503
2 652
-
-
total
2 503
2 652
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 599
20 502
13 533
17 345
After tax
32 401
30 498
37 467
33 655
Living cost
18 219
18 219
18 219
18 219
Free-cash
14 182
12 279
19 248
15 436

Estimated living cost  is ₴18219 per week

₴12000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1436
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4502
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17075
₴18919
₴13546
₴18177
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 751
pensions
-
-
-
3 724
total
-
-
-
14 475
Employee
25 185
-
44 884
-
health
329
-
732
-
pensions
1 922
-
4 286
-
income
4 586
-
7 973
-
total
6 837
-
12 991
-
Employer
25 185
-
44 884
-
pensions
2 545
-
5 262
-
health
479
-
853
-
total
3 024
-
6 115
-
Corporate
22 791
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.

4 331
9 690
-
-
total
4 331
9 690
-
-
Dividends
18 461
41 310
-
-
withholding
1 385
4 043
-
-
total
1 385
4 043
-
-
Income
51 000
51 000
51 000
51 000
Total tax
15 577
13 733
19 106
14 475
After tax
35 423
37 267
31 894
36 525
Living cost
18 348
18 348
18 348
18 348
Free-cash
17 075
18 919
13 546
18 177

Estimated living cost  is ₴18348 per week

₴12587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1687
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3843
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2253
-₴8106
₴14079
₴22770
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
12 416
pensions
-
-
-
2 137
accident
-
-
-
130
health
-
-
-
1 120
total
-
-
-
15 993
Employee
19 249
-
43 546
-
health
2 204
-
4 986
-
pensions
2 168
-
3 919
-
income
2 641
-
8 326
-
total
7 013
-
17 231
-
Employer
19 249
-
43 546
-
accident
321
-
727
-
pensions
3 130
-
5 659
-
unemployment
472
-
1 067
-
total
3 923
-
7 453
-
Corporate
27 828
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.

25 045
45 900
-
-
total
25 045
45 900
-
-
Dividends
2 783
5 100
-
-
withholding
529
969
-
-
total
529
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
36 510
46 869
24 684
15 993
After tax
14 490
4 131
26 316
35 007
Living cost
12 237
12 237
12 237
12 237
Free-cash
2 253
-8 106
14 079
22 770

Estimated living cost  is ₴12237 per week

₴8981
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴713
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34134
₴36138
₴25346
₴22354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
612
income
-
-
-
7 843
pensions
-
-
-
9 384
health insurance
-
-
-
3 774
work injury
-
-
-
255
total
-
-
-
21 868
Employee

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

10 844
-
51 000
-
health insurance
802
-
2 969
-
unemployment
130
-
481
-
work injury
54
-
201
-
pensions
1 995
-
7 382
-
income
1 084
-
7 843
-
total
4 065
-
18 876
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 156
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
40 156
50 490
-
-
withholding
6 023
7 574
-
-
total
6 023
7 574
-
-
Income
51 000
51 000
51 000
51 000
Total tax
10 088
8 084
18 876
21 868
After tax
40 912
42 916
32 124
29 132
Living cost
6 778
6 778
6 778
6 778
Free-cash
34 134
36 138
25 346
22 354

Estimated living cost  is ₴6778 per week

₴4199
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

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Rome , Italy
₴4586
₴6870
₴3300
₴5631
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 026
social contributions
-
-
-
13 117
municipal
-
-
-
341
national
-
-
-
10 891
total
-
-
-
25 375
Employee
42 292
-
51 000
-
national
7 147
-
9 340
-
regional
639
-
865
-
municipal
252
-
304
-
social contributions
14 261
-
17 197
-
total
22 299
-
27 706
-
Employer
42 292
-
51 000
-
total
-
-
-
-
Corporate
8 708
51 000
-
-
nationa
2 090
12 240
-
-
municipal
420
2 458
-
-
total
2 510
14 698
-
-
Dividends
6 198
36 302
-
-
withholding
1 611
9 438
-
-
total
1 611
9 438
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 420
24 136
27 706
25 375
After tax
24 580
26 864
23 294
25 625
Living cost
19 994
19 994
19 994
19 994
Free-cash
4 586
6 870
3 300
5 631

Estimated living cost  is ₴19994 per week

₴14044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1375
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4272
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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