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
₴20609
₴9924
₴16412
₴15718
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
571
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.

-
-
-
10 375
trade
-
-
-
4 197
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.

-
-
-
3 579
total
-
-
-
18 722
Employee

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

20 035
-
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.

31
-
571
-
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.

560
-
10 375
-
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.

3 579
-
3 579
-
total
4 170
-
14 525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
30 965
51 000
-
-
trade
4 877
8 033
-
-
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.

255
420
-
-
income
4 645
7 650
-
-
chamber of commerce
124
153
-
-
total
9 901
16 256
-
-
Dividends
21 063
34 743
-
-
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.

278
467
-
-
withholding
5 067
8 487
-
-
total
5 345
8 954
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 416
25 210
14 525
18 722
After tax
31 584
25 790
36 475
32 278
Living cost
15 866
15 866
15 866
15 866
Free-cash
15 718
9 924
20 609
16 412

Estimated living cost  is ₴15866 per week

₴9980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1850
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3740
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3377
₴3882
₴2977
₴3416
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 120
municipal
-
-
-
5 261
national
-
-
-
8 152
social contributions
-
-
-
548
total
-
-
-
20 081
Employee
43 315
-
44 089
-
national
8 291
-
8 458
-
municipal
5 350
-
5 458
-
pensions
1 733
-
1 764
-
total
15 374
-
15 680
-
Employer
43 315
-
44 089
-
pensions
3 465
-
3 527
-
social contributions
466
-
474
-
total
3 931
-
4 001
-
Corporate
895
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%.

179
10 200
-
-
total
179
10 200
-
-
Dividends
716
40 800
-
-
withholding
158
8 976
-
-
total
158
8 976
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 642
19 176
19 681
20 081
After tax
31 358
31 824
31 319
30 919
Living cost
27 942
27 942
27 942
27 942
Free-cash
3 416
3 882
3 377
2 977

Estimated living cost  is ₴27942 per week

₴18992
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2597
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴418
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5934
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17863
₴29902
₴16342
₴25604
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
surtax
-
-
-
-
income
-
-
-
7 363
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
total
-
-
-
23 760
Employee
15 306
-
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.

1 684
-
4 521
-
surtax
-
-
-
-
income
2 725
-
7 817
-
total
4 409
-
12 338
-
Employer
15 306
-
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.

3 687
-
9 901
-
total
3 687
-
9 901
-
Corporate
32 007
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%.

6 402
10 200
-
-
total
6 402
10 200
-
-
Dividends

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

25 605
40 800
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
14 498
10 200
22 239
23 760
After tax
36 502
40 800
28 761
27 240
Living cost
10 898
10 898
10 898
10 898
Free-cash
25 604
29 902
17 863
16 342

Estimated living cost  is ₴10898 per week

₴6952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1038
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2660
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1016
₴1925
₴7012
-₴1016
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 137
income
-
-
-
9 710
health
-
-
-
6 197
total
-
-
-
22 044
Employee
44 732
44 732
44 732
-
pensions
8 052
6 137
8 052
-
income

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

7 322
7 322
7 322
-
health
6 866
5 840
6 866
-
total
22 240
19 299
22 240
-
Employer
44 732
44 732
44 732
-
pensions
3 113
3 113
3 113
-
health
3 109
3 109
3 109
-
unemployment
1 610
1 610
1 610
-
total
7 832
7 832
7 832
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
30 072
27 131
30 072
22 044
After tax
20 928
23 869
20 928
28 956
Living cost
21 944
21 944
21 944
21 944
Free-cash
-1 016
1 925
-1 016
7 012

Estimated living cost  is ₴21944 per week

₴15551
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴349
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴5850
₴6461
₴4879
₴5981
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 066
accident
-
-
-
94
unemployment
-
-
-
47
other
-
-
-
5 446
municipal
-
-
-
11 159
national
-
-
-
-
health
-
-
-
2 924
total
-
-
-
24 736
Employee
30 471
-
38 807
-
national
-
-
-
-
municipal
9 087
-
11 572
-
total
9 087
-
11 572
-
Employer
30 471
-
38 807
-
pensions
3 294
-
4 195
-
other
3 541
-
4 509
-
health
1 874
-
2 387
-
unemployment
804
-
1 024
-
accident
61
-
78
-
total
9 574
-
12 193
-
Corporate
10 955
51 000
-
-
income
2 410
11 220
-
-
total
2 410
11 220
-
-
Dividends
8 545
39 780
-
-
withholding
2 563
11 934
-
-
total
2 563
11 934
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 634
23 154
23 765
24 736
After tax
27 366
27 846
27 235
26 264
Living cost
21 385
21 385
21 385
21 385
Free-cash
5 981
6 461
5 850
4 879

Estimated living cost  is ₴21385 per week

₴14173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2098
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.
₴4789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15897
₴4950
₴11513
₴12310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
571
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.

-
-
-
10 375
trade
-
-
-
4 384
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.

-
-
-
3 579
total
-
-
-
18 909
Employee

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

26 564
-
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.

125
-
571
-
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.

2 282
-
10 375
-
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.

3 579
-
3 579
-
total
5 986
-
14 525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
24 436
51 000
-
-
trade
4 020
8 390
-
-
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.

202
420
-
-
income
3 665
7 650
-
-
chamber of commerce
114
152
-
-
total
8 001
16 612
-
-
Dividends
16 435
34 388
-
-
surtax

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

215
462
-
-
withholding
3 910
8 398
-
-
total
4 125
8 860
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 112
25 472
14 525
18 909
After tax
32 888
25 528
36 475
32 091
Living cost
20 578
20 578
20 578
20 578
Free-cash
12 310
4 950
15 897
11 513

Estimated living cost  is ₴20578 per week

₴13763
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2170
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.
₴4338
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19326
₴20349
₴19378
₴18178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
5 376
health
-
-
-
1 300
social contributions
-
-
-
7 956
total
-
-
-
14 632
Employee
40 279
40 279
46 300
-
social contributions
1 957
3 343
3 843
-
income
4 230
3 729
5 354
-
health
401
685
787
-
total
6 588
7 757
9 984
-
Employer
40 279
40 279
46 300
-
social contributions
1 957
3 343
3 843
-
health
436
746
857
-
total
2 393
4 089
4 700
-
Corporate
25 029
6 632
-
-
income
3 128
829
-
-
total
3 128
829
-
-
Dividends
21 900
5 803
-
-
withholding
3 723
986
-
-
total
3 723
986
-
-
Income
51 000
51 000
51 000
51 000
Total tax
15 832
13 661
14 684
14 632
After tax
35 168
37 339
36 316
36 368
Living cost
16 990
16 990
16 990
16 990
Free-cash
18 178
20 349
19 326
19 378

Estimated living cost  is ₴16990 per week

₴11614
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.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19240
₴18427
₴25004
₴18641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 100
unemployment
-
-
-
765
income
-
-
-
6 235
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.

14 906
5 933
42 678
-
unemployment
224
89
640
-
pensions
1 491
593
4 268
-
income
1 822
725
5 217
-
health
1 043
415
2 987
-
total
4 580
1 822
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.

14 906
5 933
42 678
-
pensions
2 907
1 157
8 322
-
total
2 907
1 157
8 322
-
Corporate
33 187
43 911
-
-
income
2 987
3 952
-
-
total
2 987
3 952
-
-
Dividends
30 200
39 959
-
-
withholding
5 738
7 592
-
-
social contributions
5 821
7 724
-
-
total
11 559
15 316
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 033
22 247
21 434
15 670
After tax
28 967
28 753
29 566
35 330
Living cost
10 326
10 326
10 326
10 326
Free-cash
18 641
18 427
19 240
25 004

Estimated living cost  is ₴10326 per week

₴7047
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴845
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.
₴2228
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16744
₴28148
₴14684
₴24894
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 200
income
-
-
-
6 834
health
-
-
-
6 630
total
-
-
-
23 664
Employee
14 860
-
38 116
-
unemployment
238
-
610
-
pensions
297
-
762
-
income
1 673
-
7 349
-
total
2 208
-
8 721
-
Employer
14 860
-
38 116
-
pensions
2 972
-
7 623
-
health
1 931
-
4 955
-
unemployment
119
-
305
-
total
5 022
-
12 883
-
Corporate
31 117
51 000
-
-
income
6 224
10 200
-
-
total
6 224
10 200
-
-
Dividends
24 893
40 800
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
13 454
10 200
21 604
23 664
After tax
37 546
40 800
29 396
27 336
Living cost
12 652
12 652
12 652
12 652
Free-cash
24 894
28 148
16 744
14 684

Estimated living cost  is ₴12652 per week

₴8678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴753
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2966
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14732
-₴7390
₴23492
₴2363
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 179
accident
-
-
-
132
other
-
-
-
194
income
-
-
-
12 340
health
-
-
-
1 142
total
-
-
-
15 987
Employee
18 123
-
43 441
-
pensions
2 041
-
3 995
-
income
2 486
-
8 218
-
health
2 075
-
4 974
-
total
6 602
-
17 187
-
Employer
18 123
-
43 441
-
pensions
2 947
-
5 770
-
unemployment
444
-
1 064
-
accident
303
-
726
-
total
3 694
-
7 560
-
Corporate
29 183
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.

26 265
45 900
-
-
total
26 265
45 900
-
-
Dividends
2 918
5 100
-
-
withholding
555
969
-
-
total
555
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
37 116
46 869
24 747
15 987
After tax
13 884
4 131
26 253
35 013
Living cost
11 521
11 521
11 521
11 521
Free-cash
2 363
-7 390
14 732
23 492

Estimated living cost  is ₴11521 per week

₴8444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36321
₴43971
₴46011
₴43131
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 598
-
51 000
-
income
1 120
-
10 200
-
total
1 120
-
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%.

45 402
51 000
-
-
total
-
-
-
-
Dividends
45 402
51 000
-
-
withholding
2 270
2 550
-
-
total
2 270
2 550
-
-
Income
51 000
51 000
51 000
51 000
Total tax
3 390
2 550
10 200
510
After tax
47 610
48 450
40 800
50 490
Living cost
4 479
4 479
4 479
4 479
Free-cash
43 131
43 971
36 321
46 011

Estimated living cost  is ₴4479 per week

₴2776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴123
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1208
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15934
₴23512
₴13658
₴19975
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

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

-
-
-
12 240
other
-
-
-
2 422
income
-
-
-
6 478
health
-
-
-
2 244
total
-
-
-
23 384
Employee
19 019
-
40 735
-
unemployment
190
-
408
-
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.

1 331
-
2 851
-
income
3 274
-
7 012
-
health
266
-
571
-
total
5 061
-
10 842
-
Employer
19 019
-
40 735
-
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.

3 234
-
6 925
-
other
951
-
2 036
-
health
266
-
571
-
unemployment
190
-
408
-
accident
152
-
326
-
total
4 793
-
10 266
-
Corporate
27 187
51 000
-
-
income
5 710
10 710
-
-
total
5 710
10 710
-
-
Dividends
21 478
40 290
-
-
withholding
1 503
2 820
-
-
total
1 503
2 820
-
-
Income
51 000
51 000
51 000
51 000
Total tax
17 067
13 530
21 108
23 384
After tax
33 933
37 470
29 892
27 616
Living cost
13 958
13 958
13 958
13 958
Free-cash
19 975
23 512
15 934
13 658

Estimated living cost  is ₴13958 per week

₴9862
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴942
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴3324
₴2591
₴1774
-₴5832
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 709
income
-
-
-
10 191
total
-
-
-
13 900
Employee
49 981
-
44 940
-
pensions
4 822
-
4 217
-
income
9 010
-
8 001
-
health
824
-
720
-
total
14 656
-
12 938
-
Employer
49 981
-
44 940
-
pensions
5 901
-
5 206
-
health
949
-
854
-
total
6 850
-
6 060
-
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
-
3 393
-
-
total
-
3 393
-
-
Income
51 000
51 000
51 000
51 000
Total tax
21 506
13 083
18 998
13 900
After tax
29 494
37 917
32 002
37 100
Living cost
35 326
35 326
35 326
35 326
Free-cash
-5 832
2 591
-3 324
1 774

Estimated living cost  is ₴35326 per week

₴26470
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4151
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.
₴4418
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴33195
₴36760
₴31636
₴34334
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

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

-
-
-
2 699
unemployment
-
-
-
73
income
-
-
-
7 650
health
-
-
-
2 097
total
-
-
-
12 519
Employee
9 063
-
47 422
-
pensions

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

796
-
1 601
-
income
906
-
4 742
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
health
417
-
839
-
total
2 219
-
7 383
-
Employer
9 063
-
47 422
-
pensions

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

999
-
2 009
-
health
626
-
1 258
-
unemployment
54
-
109
-
accident

We are using the highest rate at 1.1%.

100
-
201
-
total
1 779
-
3 577
-
Corporate
40 158
51 000
-
-
income
4 016
5 100
-
-
total
4 016
5 100
-
-
Dividends
36 142
45 900
-
-
withholding
1 807
2 295
-
-
total
1 807
2 295
-
-
Income
51 000
51 000
51 000
51 000
Total tax
9 821
7 395
10 960
12 519
After tax
41 179
43 605
40 040
38 481
Living cost
6 845
6 845
6 845
6 845
Free-cash
34 334
36 760
33 195
31 636

Estimated living cost  is ₴6845 per week

₴3996
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴8119
-₴5178
-₴91
-₴6069
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 137
income
-
-
-
9 710
health
-
-
-
6 197
total
-
-
-
22 044
Employee
48 565
44 732
44 732
-
pensions
6 137
6 137
8 052
-
income

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

7 322
7 322
7 322
-
health
6 059
5 840
6 866
-
total
19 518
19 299
22 240
-
Employer
48 565
44 732
44 732
-
pensions
3 380
3 113
3 113
-
health
3 375
3 109
3 109
-
unemployment
1 749
1 610
1 610
-
total
8 504
7 832
7 832
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
28 022
27 131
30 072
22 044
After tax
22 978
23 869
20 928
28 956
Living cost
29 047
29 047
29 047
29 047
Free-cash
-6 069
-5 178
-8 119
-91

Estimated living cost  is ₴29047 per week

₴21427
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2594
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4693
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12799
₴22032
₴11758
₴17366
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
income
-
-
-
4 383
health
-
-
-
6 885
social contributions
-
-
-
14 892
total
-
-
-
26 160
Employee
19 238
-
38 060
-
social contributions
1 250
-
2 474
-
solidarity contribution
-
-
-
-
income
2 309
-
4 567
-
health
2 597
-
5 138
-
total
6 156
-
12 179
-
Employer
19 238
-
38 060
-
social contributions
4 809
-
9 515
-
health
1 731
-
3 425
-
total
6 540
-
12 940
-
Corporate
25 221
51 000
-
-
income
4 792
9 690
-
-
total
4 792
9 690
-
-
Dividends
20 429
41 310
-
-
withholding
3 064
6 196
-
-
total
3 064
6 196
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 552
15 886
25 119
26 160
After tax
30 448
35 114
25 881
24 840
Living cost
13 082
13 082
13 082
13 082
Free-cash
17 366
22 032
12 799
11 758

Estimated living cost  is ₴13082 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴931
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.
₴2807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1753
₴5107
₴4178
₴2372
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
561
municipal
-
-
-
303
national
-
-
-
10 738
social contributions
-
-
-
13 117
total
-
-
-
24 719
Employee
46 554
-
51 000
-
national
8 067
-
9 187
-
municipal
247
-
270
-
social contributions
15 698
-
17 197
-
regional
439
-
490
-
total
24 451
-
27 144
-
Employer
46 554
-
51 000
-
total
-
-
-
-
Corporate
4 446
51 000
-
-
nationa
1 067
12 240
-
-
municipal
173
1 989
-
-
total
1 240
14 229
-
-
Dividends
3 207
36 771
-
-
withholding
834
9 561
-
-
total
834
9 561
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 525
23 790
27 144
24 719
After tax
24 475
27 210
23 856
26 281
Living cost
22 103
22 103
22 103
22 103
Free-cash
2 372
5 107
1 753
4 178

Estimated living cost  is ₴22103 per week

₴15408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1449
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴339
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13835
₴20520
₴14822
₴18890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 200
unemployment
-
-
-
119
surtax
-
-
-
1 142
other
-
-
-
-
income
-
-
-
9 538
health
-
-
-
3 620
total
-
-
-
24 619
Employee
17 322
-
42 131
-
unemployment
1 206
-
2 932
-
surtax
57
-
1 029
-
pensions
1 155
-
2 810
-
other
-
-
-
-
income
2 904
-
8 891
-
health
442
-
1 075
-
total
5 764
-
16 737
-
Employer
17 322
-
42 131
-
pensions
2 309
-
5 616
-
other
-
-
-
-
health
788
-
1 917
-
unemployment
549
-
1 336
-
total
3 646
-
8 869
-
Corporate
30 031
51 000
-
-
income
7 808
13 260
-
-
total
7 808
13 260
-
-
Dividends
22 223
37 740
-
-
withholding
3 333
5 661
-
-
total
3 333
5 661
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 551
18 921
25 606
24 619
After tax
30 449
32 079
25 394
26 381
Living cost
11 559
11 559
11 559
11 559
Free-cash
18 890
20 520
13 835
14 822

Estimated living cost  is ₴11559 per week

₴7068
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1067
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.
₴3158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7868
₴13783
₴12966
₴9921
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 709
income
-
-
-
10 191
total
-
-
-
13 900
Employee
33 496
-
44 940
-
pensions
2 843
-
4 217
-
income
6 033
-
8 001
-
health
486
-
720
-
total
9 362
-
12 938
-
Employer
33 496
-
44 940
-
pensions
3 626
-
5 206
-
health
636
-
854
-
total
4 262
-
6 060
-
Corporate
13 242
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.

2 516
9 690
-
-
total
2 516
9 690
-
-
Dividends
10 726
41 310
-
-
withholding
805
3 393
-
-
total
805
3 393
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 945
13 083
18 998
13 900
After tax
34 055
37 917
32 002
37 100
Living cost
24 134
24 134
24 134
24 134
Free-cash
9 921
13 783
7 868
12 966

Estimated living cost  is ₴24134 per week

₴18081
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3991
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴1115
-₴17867
₴1485
-₴1794
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 692
regional
-
-
-
1 677
city
-
-
-
537
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
national
-
-
-
266
health
-
-
-
134
total
-
-
-
8 326
Employee
48 202
-
45 648
-
national
228
-
208
-
unemployment
-
-
-
-
regional
1 578
-
1 440
-
pensions
4 050
-
3 834
-
city
517
-
491
-
health
109
-
103
-
total
6 482
-
6 076
-
Employer
48 202
-
45 648
-
pensions
4 050
-
3 834
-
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.

964
-
913
-
health
109
-
103
-
unemployment
-
-
-
-
total
5 123
-
4 850
-
Corporate
-
51 000
-
-
national
-
4 335
-
-
regional
-
10 786
-
-
total
-
15 121
-
-
Dividends
-
35 878
-
-
withholding
-
12 557
-
-
total
-
12 557
-
-
Income
51 000
51 000
51 000
51 000
Total tax
11 605
27 678
10 926
8 326
After tax
39 395
23 322
40 074
42 674
Living cost
41 189
41 189
41 189
41 189
Free-cash
-1 794
-17 867
-1 115
1 485

Estimated living cost  is ₴41189 per week

₴26785
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3696
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴506
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12479
₴1270
₴7909
₴9764
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
571
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.

-
-
-
10 375
trade
-
-
-
4 570
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.

-
-
-
3 579
total
-
-
-
19 095
Employee

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

31 481
-
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.

204
-
571
-
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.

3 702
-
10 375
-
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.

3 579
-
3 579
-
total
7 485
-
14 525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
19 519
51 000
-
-
trade
3 348
8 747
-
-
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.

161
420
-
-
income
2 927
7 650
-
-
chamber of commerce
107
151
-
-
total
6 543
16 968
-
-
Dividends
12 976
34 032
-
-
surtax

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

167
457
-
-
withholding
3 045
8 309
-
-
total
3 212
8 766
-
-
Income
51 000
51 000
51 000
51 000
Total tax
17 240
25 734
14 525
19 095
After tax
33 760
25 266
36 475
31 905
Living cost
23 996
23 996
23 996
23 996
Free-cash
9 764
1 270
12 479
7 909

Estimated living cost  is ₴23996 per week

₴17526
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1919
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11006
₴7783
₴11485
₴10875
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 027
surtax
-
-
-
-
other
-
-
-
1 583
income
-
-
-
4 662
health
-
-
-
868
social contributions
-
-
-
1 453
total
-
-
-
21 593
Employee
22 419
-
38 863
-
social contributions
639
-
1 107
-
surtax
-
-
-
-
pensions
2 535
-
4 396
-
income
1 323
-
4 431
-
total
4 497
-
9 934
-
Employer
22 419
-
38 863
-
pensions
3 683
-
6 386
-
other
773
-
1 341
-
social contributions
68
-
116
-
health
1 570
-
2 721
-
unemployment
908
-
1 574
-
total
7 002
-
12 138
-
Corporate
21 580
51 000
-
-
surtax
-
-
-
-
income
6 043
14 280
-
-
total
6 043
14 280
-
-
Dividends
15 538
36 720
-
-
withholding
1 989
4 700
-
-
surtax
-
-
-
-
social contributions
2 672
6 315
-
-
total
4 661
11 015
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 203
25 295
22 072
21 593
After tax
28 797
25 705
28 928
29 407
Living cost
17 922
17 922
17 922
17 922
Free-cash
10 875
7 783
11 006
11 485

Estimated living cost  is ₴17922 per week

₴11300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1457
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴305
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12782
₴9559
₴13261
₴12466
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 027
surtax
-
-
-
-
other
-
-
-
1 583
income
-
-
-
4 662
health
-
-
-
868
social contributions
-
-
-
1 453
total
-
-
-
21 593
Employee
20 012
-
38 863
-
social contributions
571
-
1 107
-
surtax
-
-
-
-
pensions
2 263
-
4 396
-
income
1 032
-
4 431
-
total
3 866
-
9 934
-
Employer
20 012
-
38 863
-
pensions
3 288
-
6 386
-
other
691
-
1 341
-
social contributions
60
-
116
-
health
1 401
-
2 721
-
unemployment
810
-
1 574
-
total
6 250
-
12 138
-
Corporate
24 739
51 000
-
-
surtax
-
-
-
-
income
6 927
14 280
-
-
total
6 927
14 280
-
-
Dividends
17 812
36 720
-
-
withholding
2 280
4 700
-
-
surtax
-
-
-
-
social contributions
3 065
6 315
-
-
total
5 345
11 015
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 388
25 295
22 072
21 593
After tax
28 612
25 705
28 928
29 407
Living cost
16 146
16 146
16 146
16 146
Free-cash
12 466
9 559
12 782
13 261

Estimated living cost  is ₴16146 per week

₴9364
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4836
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21806
₴20008
₴21645
₴20279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
17 761
-
51 000
-
social contributions
2 451
-
7 038
-
income
2 962
-
7 489
-
health
1 240
-
3 560
-
total
6 653
-
18 087
-
Employer
17 761
-
51 000
-
total
-
-
-
-
Corporate
33 239
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%.

1 662
2 550
-
-
total
1 662
2 550
-
-
Dividends
31 577
48 450
-
-
withholding
4 737
7 267
-
-
social contributions
4 358
6 686
-
-
health
2 204
3 382
-
-
total
11 299
17 335
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 614
19 885
18 087
18 248
After tax
31 386
31 115
32 913
32 752
Living cost
11 107
11 107
11 107
11 107
Free-cash
20 279
20 008
21 806
21 645

Estimated living cost  is ₴11107 per week

₴7433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴685
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.
₴2733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2808
₴10158
₴7479
₴9347
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 435
unemployment
-
-
-
3 213
surtax
-
-
-
103
chamber of commerce
-
-
-
204
income
-
-
-
8 207
health
-
-
-
3 902
total
-
-
-
25 064
Employee
26 178
20 875
39 521
-
unemployment
785
626
1 186
-
pensions
2 681
2 137
4 047
-
other
261
209
396
-
income
2 980
1 540
7 330
-
health
1 013
808
1 530
-
total
7 720
5 320
14 489
-
Employer
26 178
20 875
39 521
-
surtax
103
103
103
-
pensions
3 285
2 620
4 960
-
chamber of commerce
104
83
158
-
other
1 244
991
1 878
-
health
989
789
1 494
-
payroll
785
626
1 186
-
unemployment
785
626
1 186
-
accident
340
271
514
-
total
7 635
6 109
11 479
-
Corporate
17 186
24 014
37 533
-
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.

4 296
6 003
9 383
-
total
4 296
6 003
9 383
-
Dividends
12 889
18 011
-
-
withholding
3 545
4 953
-
-
total
3 545
4 953
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 196
22 385
35 351
25 064
After tax
27 804
28 615
15 649
25 936
Living cost
18 457
18 457
18 457
18 457
Free-cash
9 347
10 158
-2 808
7 479

Estimated living cost  is ₴18457 per week

₴12310
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1575
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴864
₴9509
₴5023
₴1654
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
communal

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

-
-
-
2 587
national
-
-
-
16 409
social contributions
-
-
-
7 882
total
-
-
-
26 878
Employee

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

37 469
-
39 502
-
national
11 519
-
12 315
-
communal

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

1 954
-
2 061
-
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.

326
-
344
-
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.

2 810
-
2 962
-
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.

1 760
-
1 857
-
total
18 369
-
19 539
-
Employer

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

37 469
-
39 502
-
surtax
4 249
-
4 479
-
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.

3 320
-
3 500
-
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.

2 304
-
2 429
-
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.

547
-
577
-
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.

487
-
513
-
total
10 907
-
11 498
-
Corporate
2 624
51 000
-
-
surtax
11
204
-
-
income
525
10 200
-
-
total
536
10 404
-
-
Dividends
2 088
40 596
-
-
withholding

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

435
11 988
-
-
total
435
11 988
-
-
Income
51 000
51 000
51 000
51 000
Total tax
30 247
22 392
31 037
26 878
After tax
20 753
28 608
19 963
24 122
Living cost
19 099
19 099
19 099
19 099
Free-cash
1 654
9 509
864
5 023

Estimated living cost  is ₴19099 per week

₴12302
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1670
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.
₴4828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8174
₴15449
₴8310
₴11275
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 740
accident
-
-
-
437
unemployment
-
-
-
340
other
-
-
-
49
income
-
-
-
9 207
total
-
-
-
23 773
Employee
26 074
-
38 672
-
unemployment
405
-
599
-
pensions
1 226
-
1 817
-
other
26
-
39
-
income
5 502
-
9 127
-
total
7 159
-
11 582
-
Employer
26 074
-
38 672
-
pensions
6 153
-
9 126
-
other
208
-
309
-
unemployment
1 434
-
2 127
-
accident
516
-
765
-
total
8 311
-
12 327
-
Corporate
16 614
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.

2 492
7 650
-
-
total
2 492
7 650
-
-
Dividends
14 122
43 350
-
-
withholding
2 846
8 984
-
-
total
2 846
8 984
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 808
16 634
23 909
23 773
After tax
30 192
34 366
27 091
27 227
Living cost
18 917
18 917
18 917
18 917
Free-cash
11 275
15 449
8 174
8 310

Estimated living cost  is ₴18917 per week

₴13931
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3231
₴2790
₴900
-₴710
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 644
accident
-
-
-
430
surtax
-
-
-
2 528
communal
-
-
-
3 224
income
-
-
-
4 224
health
-
-
-
3 584
total
-
-
-
21 634
Employee
39 668
-
45 557
-
surtax
2 431
-
2 792
-
pensions
3 173
-
3 644
-
income
3 832
-
5 395
-
health
1 765
-
2 028
-
total
11 201
-
13 859
-
Employer
39 668
-
45 557
-
pensions
3 173
-
3 644
-
health
1 210
-
1 390
-
accident
357
-
410
-
total
4 740
-
5 444
-
Corporate
6 592
51 000
-
-
surtax
70
536
-
-
income
989
7 650
-
-
communal
-
3 442
-
-
total
1 059
11 628
-
-
Dividends
5 533
39 372
-
-
withholding
830
5 906
-
-
income
5 414
2 210
-
-
total
6 244
8 116
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 244
19 744
19 303
21 634
After tax
27 756
31 256
31 697
29 366
Living cost
28 466
28 466
28 466
28 466
Free-cash
-710
2 790
3 231
900

Estimated living cost  is ₴28466 per week

₴21354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1725
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13628
₴20313
₴14615
₴18647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 200
unemployment
-
-
-
119
surtax
-
-
-
1 142
other
-
-
-
-
income
-
-
-
9 538
health
-
-
-
3 620
total
-
-
-
24 619
Employee
17 640
-
42 131
-
unemployment
1 228
-
2 932
-
surtax
63
-
1 029
-
pensions
1 177
-
2 810
-
other
-
-
-
-
income
2 957
-
8 891
-
health
450
-
1 075
-
total
5 875
-
16 737
-
Employer
17 640
-
42 131
-
pensions
2 352
-
5 616
-
other
-
-
-
-
health
802
-
1 917
-
unemployment
560
-
1 336
-
total
3 714
-
8 869
-
Corporate
29 646
51 000
-
-
income
7 708
13 260
-
-
total
7 708
13 260
-
-
Dividends
21 938
37 740
-
-
withholding
3 290
5 661
-
-
total
3 290
5 661
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 587
18 921
25 606
24 619
After tax
30 413
32 079
25 394
26 381
Living cost
11 766
11 766
11 766
11 766
Free-cash
18 647
20 313
13 628
14 615

Estimated living cost  is ₴11766 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1023
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.
₴3367
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9549
₴12695
₴11962
₴11534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
303
national
-
-
-
10 738
social contributions
-
-
-
13 117
total
-
-
-
24 927
Employee
29 057
-
51 000
-
national
4 603
-
9 187
-
municipal
154
-
270
-
social contributions
9 798
-
17 197
-
regional
391
-
686
-
total
14 946
-
27 340
-
Employer
29 057
-
51 000
-
total
-
-
-
-
Corporate
21 943
51 000
-
-
nationa
5 266
12 240
-
-
municipal
1 090
2 535
-
-
total
6 356
14 775
-
-
Dividends
15 586
36 226
-
-
withholding
4 053
9 419
-
-
total
4 053
9 419
-
-
Income
51 000
51 000
51 000
51 000
Total tax
25 355
24 194
27 340
24 927
After tax
25 645
26 806
23 660
26 073
Living cost
14 111
14 111
14 111
14 111
Free-cash
11 534
12 695
9 549
11 962

Estimated living cost  is ₴14111 per week

₴8775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
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.
₴3664
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9761
₴18994
₴8720
₴13243
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
income
-
-
-
4 383
health
-
-
-
6 885
social contributions
-
-
-
14 892
total
-
-
-
26 160
Employee
23 706
-
38 060
-
social contributions
1 541
-
2 474
-
solidarity contribution
-
-
-
-
income
2 845
-
4 567
-
health
3 200
-
5 138
-
total
7 586
-
12 179
-
Employer
23 706
-
38 060
-
social contributions
5 926
-
9 515
-
health
2 134
-
3 425
-
total
8 060
-
12 940
-
Corporate
19 234
51 000
-
-
income
3 654
9 690
-
-
total
3 654
9 690
-
-
Dividends
15 580
41 310
-
-
withholding
2 337
6 196
-
-
total
2 337
6 196
-
-
Income
51 000
51 000
51 000
51 000
Total tax
21 637
15 886
25 119
26 160
After tax
29 363
35 114
25 881
24 840
Living cost
16 120
16 120
16 120
16 120
Free-cash
13 243
18 994
9 761
8 720

Estimated living cost  is ₴16120 per week

₴11988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴893
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.
₴2960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-₴1045
₴11959
₴9327
₴11697
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 435
unemployment
-
-
-
3 213
surtax
-
-
-
-
chamber of commerce
-
-
-
204
income
-
-
-
8 207
health
-
-
-
3 902
total
-
-
-
24 961
Employee
22 898
20 875
39 602
-
unemployment
687
626
1 188
-
pensions
2 345
2 137
4 056
-
other
229
209
396
-
income
2 040
1 540
7 358
-
health
886
808
1 533
-
total
6 187
5 320
14 531
-
Employer
22 898
20 875
39 602
-
surtax
-
-
-
-
pensions
2 874
2 620
4 970
-
chamber of commerce
91
83
158
-
other
1 087
991
1 882
-
health
866
789
1 497
-
payroll
687
626
1 188
-
unemployment
687
626
1 188
-
accident
297
271
515
-
total
6 589
6 006
11 398
-
Corporate
21 513
24 117
37 614
-
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.

5 378
6 029
9 404
-
total
5 378
6 029
9 404
-
Dividends
16 135
18 088
-
-
withholding
4 437
4 974
-
-
total
4 437
4 974
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 591
22 329
35 333
24 961
After tax
28 409
28 671
15 667
26 039
Living cost
16 712
16 712
16 712
16 712
Free-cash
11 697
11 959
-1 045
9 327

Estimated living cost  is ₴16712 per week

₴10025
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1707
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4682
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33821
₴41471
₴43511
₴40162
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 724
-
51 000
-
income
1 745
-
10 200
-
total
1 745
-
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%.

42 276
51 000
-
-
total
-
-
-
-
Dividends
42 276
51 000
-
-
withholding
2 114
2 550
-
-
total
2 114
2 550
-
-
Income
51 000
51 000
51 000
51 000
Total tax
3 859
2 550
10 200
510
After tax
47 141
48 450
40 800
50 490
Living cost
6 979
6 979
6 979
6 979
Free-cash
40 162
41 471
33 821
43 511

Estimated living cost  is ₴6979 per week

₴4723
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴293
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10936
₴21063
₴12396
₴16683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 314
unemployment
-
-
-
77
income
-
-
-
10 144
health
-
-
-
5 019
total
-
-
-
24 554
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.

23 163
-
44 129
-
unemployment
33
-
62
-
pensions
3 590
-
6 840
-
income
3 994
-
9 391
-
health
1 496
-
2 850
-
total
9 113
-
19 143
-
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.

23 163
-
44 129
-
pensions
2 050
-
3 906
-
health
1 543
-
2 938
-
unemployment
14
-
27
-
total
3 607
-
6 871
-
Corporate
24 230
51 000
-
-
income
4 603
9 690
-
-
total
4 603
9 690
-
-
Dividends
19 627
41 310
-
-
withholding
2 944
6 197
-
-
total
2 944
6 197
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 267
15 887
26 014
24 554
After tax
30 733
35 113
24 986
26 446
Living cost
14 050
14 050
14 050
14 050
Free-cash
16 683
21 063
10 936
12 396

Estimated living cost  is ₴14050 per week

₴9642
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19348
₴6771
₴10988
-₴32823
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
9 941
social contributions
-
-
-
5 814
total
-
-
-
15 755
Employee
34 781
-
-
-
social contributions
2 852
-
406
-
income
7 672
-
-
-
total
10 524
-
406
-
Employer
34 781
-
-
-
social contributions
49 042
-
6 989
-
total
49 042
-
6 989
-
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
59 566
19 972
7 395
15 755
After tax
-8 566
31 028
43 605
35 245
Living cost
24 257
24 257
24 257
24 257
Free-cash
-32 823
6 771
19 348
10 988

Estimated living cost  is ₴24257 per week

₴15739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2281
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5928
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9665
₴12578
₴12156
₴12050
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
4 691
social contributions

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

-
-
-
17 723
total
-
-
-
22 414
Employee
24 092
-
41 212
-
social contributions
2 650
-
4 533
-
surtax
-
-
-
-
income
5 011
-
10 584
-
total
7 661
-
15 117
-
Employer
24 092
-
41 212
-
social contributions
5 722
-
9 787
-
total
5 722
-
9 787
-
Corporate
21 187
51 000
-
-
surtax
-
-
-
-
income
4 449
10 710
-
-
total
4 449
10 710
-
-
Dividends
16 737
40 290
-
-
withholding
4 687
11 281
-
-
total
4 687
11 281
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 519
21 991
24 904
22 414
After tax
28 481
29 009
26 096
28 586
Living cost
16 430
16 430
16 430
16 430
Free-cash
12 050
12 578
9 665
12 156

Estimated living cost  is ₴16430 per week

₴12293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴969
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2894
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3628
₴405
₴4107
₴4004
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 027
surtax
-
-
-
-
other
-
-
-
1 583
income
-
-
-
4 662
health
-
-
-
868
social contributions
-
-
-
1 453
total
-
-
-
21 593
Employee
32 808
-
38 863
-
social contributions
934
-
1 107
-
surtax
-
-
-
-
pensions
3 711
-
4 396
-
income
2 863
-
4 431
-
total
7 508
-
9 934
-
Employer
32 808
-
38 863
-
pensions
5 391
-
6 386
-
other
1 132
-
1 341
-
social contributions
98
-
116
-
health
2 296
-
2 721
-
unemployment
1 329
-
1 574
-
total
10 246
-
12 138
-
Corporate
7 946
51 000
-
-
surtax
-
-
-
-
income
2 225
14 280
-
-
total
2 225
14 280
-
-
Dividends
5 721
36 720
-
-
withholding
733
4 700
-
-
surtax
-
-
-
-
social contributions
984
6 315
-
-
total
1 717
11 015
-
-
Income
51 000
51 000
51 000
51 000
Total tax
21 696
25 295
22 072
21 593
After tax
29 304
25 705
28 928
29 407
Living cost
25 300
25 300
25 300
25 300
Free-cash
4 004
405
3 628
4 107

Estimated living cost  is ₴25300 per week

₴17122
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2070
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴347
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24592
₴30154
₴23236
₴28395
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
797
social contributions
-
-
-
11 221
total
-
-
-
12 018
Employee
16 840
-
44 156
-
social contributions
1 094
-
2 871
-
income
-
-
947
-
total
1 094
-
3 818
-
Employer
16 840
-
44 156
-
social contributions
2 610
-
6 844
-
total
2 610
-
6 844
-
Corporate
31 549
51 000
-
-
income
3 155
5 100
-
-
total
3 155
5 100
-
-
Dividends
28 394
45 900
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
6 859
5 100
10 662
12 018
After tax
44 141
45 900
40 338
38 982
Living cost
15 746
15 746
15 746
15 746
Free-cash
28 395
30 154
24 592
23 236

Estimated living cost  is ₴15746 per week

₴10181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1187
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4082
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴62912
-₴62912
₴6532
-₴62912
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
453
labour market
-
-
-
4 044
municipal
-
-
-
9 403
national
-
-
-
5 389
total
-
-
-
19 289
Employee
106 276
106 276
106 276
-
national
12 984
12 984
12 984
-
municipal
22 631
22 631
22 631
-
labour market
8 490
8 490
8 490
-
pensions
151
151
151
-
total
44 256
44 256
44 256
-
Employer
106 276
106 276
106 276
-
pensions
302
302
302
-
national
13 006
13 006
13 006
-
municipal
22 667
22 667
22 667
-
labour market
8 502
8 502
8 502
-
total
44 477
44 477
44 477
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
88 733
88 733
88 733
19 289
After tax
-37 733
-37 733
-37 733
31 711
Living cost
25 179
25 179
25 179
25 179
Free-cash
-62 912
-62 912
-62 912
6 532

Estimated living cost  is ₴25179 per week

₴17233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2227
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.
₴5332
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14902
-₴7220
₴23662
₴2388
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 179
accident
-
-
-
132
other
-
-
-
194
income
-
-
-
12 340
health
-
-
-
1 142
total
-
-
-
15 987
Employee
17 856
-
43 441
-
pensions
2 011
-
3 995
-
income
2 450
-
8 218
-
health
2 045
-
4 974
-
total
6 506
-
17 187
-
Employer
17 856
-
43 441
-
pensions
2 903
-
5 770
-
unemployment
438
-
1 064
-
accident
298
-
726
-
total
3 639
-
7 560
-
Corporate
29 505
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.

26 555
45 900
-
-
total
26 555
45 900
-
-
Dividends
2 950
5 100
-
-
withholding
561
969
-
-
total
561
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
37 261
46 869
24 747
15 987
After tax
13 739
4 131
26 253
35 013
Living cost
11 351
11 351
11 351
11 351
Free-cash
2 388
-7 220
14 902
23 662

Estimated living cost  is ₴11351 per week

₴8262
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2229
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9095
₴13905
₴16258
₴12622
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 078
national
-
-
-
4 986
health
-
-
-
567
total
-
-
-
14 631
Employee
27 559
-
42 904
-
national
455
-
2 712
-
municipal
4 514
-
7 006
-
unemployment
414
-
643
-
pensions
1 860
-
2 896
-
health
206
-
442
-
total
7 449
-
13 699
-
Employer
27 559
-
42 904
-
pensions
4 781
-
7 443
-
health
212
-
330
-
unemployment
179
-
279
-
accident
28
-
43
-
total
5 200
-
8 095
-
Corporate
18 241
51 000
-
-
income
3 648
10 200
-
-
total
3 648
10 200
-
-
Dividends

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

10 945
30 600
-
-
municipal
1 970
5 508
-
-
national
-
1 276
-
-
total
1 970
6 784
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 267
16 984
21 794
14 631
After tax
32 733
34 016
29 206
36 369
Living cost
20 111
20 111
20 111
20 111
Free-cash
12 622
13 905
9 095
16 258

Estimated living cost  is ₴20111 per week

₴13136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1934
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4721
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24188
₴25211
₴24240
₴22360
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
5 376
health
-
-
-
1 300
social contributions
-
-
-
7 956
total
-
-
-
14 632
Employee
40 279
40 279
46 300
-
social contributions
1 523
3 343
3 843
-
income
4 386
3 729
5 354
-
health
312
685
787
-
total
6 221
7 757
9 984
-
Employer
40 279
40 279
46 300
-
social contributions
1 523
3 343
3 843
-
health
339
746
857
-
total
1 862
4 089
4 700
-
Corporate
30 790
6 632
-
-
income
3 849
829
-
-
total
3 849
829
-
-
Dividends
26 941
5 803
-
-
withholding
4 580
986
-
-
total
4 580
986
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 512
13 661
14 684
14 632
After tax
34 488
37 339
36 316
36 368
Living cost
12 128
12 128
12 128
12 128
Free-cash
22 360
25 211
24 188
24 240

Estimated living cost  is ₴12128 per week

₴7268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1190
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3402
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23143
₴33916
₴32592
₴31251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
3 332
unemployment
-
-
-
15
income
-
-
-
4 848
health
-
-
-
1 896
total
-
-
-
10 091
Employee

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

12 023
-
46 238
-
unemployment
60
-
232
-
pensions
1 803
-
6 935
-
income
822
-
3 680
-
health
1 022
-
3 930
-
total
3 707
-
14 777
-
Employer

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

12 023
-
46 238
-
pensions
661
-
2 543
-
health
517
-
1 988
-
unemployment
60
-
232
-
total
1 238
-
4 763
-
Corporate
37 739
51 000
-
-
income
3 397
4 590
-
-
total
3 397
4 590
-
-
Dividends
34 342
46 410
-
-
withholding
3 090
4 177
-
-
total
3 090
4 177
-
-
Income
51 000
51 000
51 000
51 000
Total tax
11 432
8 767
19 540
10 091
After tax
39 568
42 233
31 460
40 909
Living cost
8 317
8 317
8 317
8 317
Free-cash
31 251
33 916
23 143
32 592

Estimated living cost  is ₴8317 per week

₴5306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴599
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2163
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12687
₴19962
₴12823
₴17214
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 740
accident
-
-
-
437
unemployment
-
-
-
340
other
-
-
-
49
income
-
-
-
9 207
total
-
-
-
23 773
Employee
19 369
-
38 672
-
unemployment
300
-
599
-
pensions
911
-
1 817
-
other
19
-
39
-
income
3 734
-
9 127
-
total
4 964
-
11 582
-
Employer
19 369
-
38 672
-
pensions
4 571
-
9 126
-
other
155
-
309
-
unemployment
1 066
-
2 127
-
accident
384
-
765
-
total
6 176
-
12 327
-
Corporate
25 456
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.

3 818
7 650
-
-
total
3 818
7 650
-
-
Dividends
21 638
43 350
-
-
withholding
4 424
8 984
-
-
total
4 424
8 984
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 382
16 634
23 909
23 773
After tax
31 618
34 366
27 091
27 227
Living cost
14 404
14 404
14 404
14 404
Free-cash
17 214
19 962
12 687
12 823

Estimated living cost  is ₴14404 per week

₴9723
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3045
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31656
₴30923
₴31720
₴30775
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
657
income
-
-
-
17 245
health
-
-
-
477
total
-
-
-
18 379
Employee
1 372
-
50 261
-
unemployment
14
-
33
-
pensions
124
-
296
-
income
265
-
17 211
-
health
69
-
164
-
total
472
-
17 704
-
Employer
1 372
-
50 261
-
pensions
151
-
361
-
health
130
-
312
-
unemployment
27
-
66
-
total
308
-
739
-
Corporate
49 319
51 000
-
-
income
10 850
11 220
-
-
total
10 850
11 220
-
-
Dividends
38 469
39 780
-
-
withholding
7 694
7 956
-
-
total
7 694
7 956
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 324
19 176
18 443
18 379
After tax
31 676
31 824
32 557
32 621
Living cost
901
901
901
901
Free-cash
30 775
30 923
31 656
31 720

Estimated living cost  is ₴901 per week

₴535
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴73
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴21
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴272
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17775
₴27800
₴17775
₴25227
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 052
unemployment
-
-
-
580
income
-
-
-
9 564
health
-
-
-
3 982
total
-
-
-
24 178
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.

13 642
-
44 080
-
unemployment
102
-
290
-
pensions
1 910
-
5 413
-
income
1 880
-
9 564
-
health
703
-
1 991
-
total
4 595
-
17 258
-
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.

13 642
-
44 080
-
pensions
1 637
-
4 639
-
health
703
-
1 991
-
unemployment
102
-
290
-
total
2 442
-
6 920
-
Corporate
34 916
51 000
-
-
income
5 237
7 650
-
-
total
5 237
7 650
-
-
Dividends
29 678
43 350
-
-
withholding
4 452
6 503
-
-
total
4 452
6 503
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 726
14 153
24 178
24 178
After tax
34 274
36 847
26 822
26 822
Living cost
9 047
9 047
9 047
9 047
Free-cash
25 227
27 800
17 775
17 775

Estimated living cost  is ₴9047 per week

₴6091
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴1994
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11974
₴14887
₴14464
₴14699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
surtax
-
-
-
-
income
-
-
-
4 691
social contributions

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

-
-
-
17 723
total
-
-
-
22 414
Employee
20 331
-
41 212
-
social contributions
2 237
-
4 533
-
surtax
-
-
-
-
income
3 972
-
10 584
-
total
6 209
-
15 117
-
Employer
20 331
-
41 212
-
social contributions
4 828
-
9 787
-
total
4 828
-
9 787
-
Corporate
25 841
51 000
-
-
surtax
-
-
-
-
income
5 426
10 710
-
-
total
5 426
10 710
-
-
Dividends
20 415
40 290
-
-
withholding
5 716
11 281
-
-
total
5 716
11 281
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 179
21 991
24 904
22 414
After tax
28 821
29 009
26 096
28 586
Living cost
14 122
14 122
14 122
14 122
Free-cash
14 699
14 887
11 974
14 464

Estimated living cost  is ₴14122 per week

₴10002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2889
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8682
₴15957
₴8818
₴11961
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 740
accident
-
-
-
437
unemployment
-
-
-
340
other
-
-
-
49
income
-
-
-
9 207
total
-
-
-
23 773
Employee
25 298
-
38 672
-
unemployment
392
-
599
-
pensions
1 189
-
1 817
-
other
25
-
39
-
income
5 284
-
9 127
-
total
6 890
-
11 582
-
Employer
25 298
-
38 672
-
pensions
5 970
-
9 126
-
other
203
-
309
-
unemployment
1 392
-
2 127
-
accident
501
-
765
-
total
8 066
-
12 327
-
Corporate
17 636
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.

2 645
7 650
-
-
total
2 645
7 650
-
-
Dividends
14 991
43 350
-
-
withholding
3 029
8 984
-
-
total
3 029
8 984
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 630
16 634
23 909
23 773
After tax
30 370
34 366
27 091
27 227
Living cost
18 409
18 409
18 409
18 409
Free-cash
11 961
15 957
8 682
8 818

Estimated living cost  is ₴18409 per week

₴13221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31060
₴34625
₴29501
₴31444
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

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

-
-
-
2 699
unemployment
-
-
-
73
income
-
-
-
7 650
health
-
-
-
2 097
total
-
-
-
12 519
Employee
11 892
-
47 422
-
pensions

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

1 044
-
1 601
-
income
1 189
-
4 742
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
health
547
-
839
-
total
2 911
-
7 383
-
Employer
11 892
-
47 422
-
pensions

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

1 310
-
2 009
-
health
821
-
1 258
-
unemployment
71
-
109
-
accident

We are using the highest rate at 1.1%.

131
-
201
-
total
2 333
-
3 577
-
Corporate
36 775
51 000
-
-
income
3 677
5 100
-
-
total
3 677
5 100
-
-
Dividends
33 098
45 900
-
-
withholding
1 655
2 295
-
-
total
1 655
2 295
-
-
Income
51 000
51 000
51 000
51 000
Total tax
10 576
7 395
10 960
12 519
After tax
40 424
43 605
40 040
38 481
Living cost
8 980
8 980
8 980
8 980
Free-cash
31 444
34 625
31 060
29 501

Estimated living cost  is ₴8980 per week

₴5940
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16252
₴6094
₴12428
₴12943
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
571
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.

-
-
-
10 375
trade
-
-
-
3 824
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.

-
-
-
3 579
total
-
-
-
18 349
Employee

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

26 063
-
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.

118
-
571
-
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.

2 143
-
10 375
-
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.

3 579
-
3 579
-
total
5 840
-
14 525
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
24 937
51 000
-
-
trade
3 579
7 318
-
-
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.

206
420
-
-
income
3 741
7 650
-
-
chamber of commerce
116
154
-
-
total
7 642
15 542
-
-
Dividends
17 296
35 457
-
-
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.

227
476
-
-
withholding
4 125
8 665
-
-
total
4 352
9 141
-
-
Income
51 000
51 000
51 000
51 000
Total tax
17 834
24 683
14 525
18 349
After tax
33 166
26 317
36 475
32 651
Living cost
20 223
20 223
20 223
20 223
Free-cash
12 943
6 094
16 252
12 428

Estimated living cost  is ₴20223 per week

₴13950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2176
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.
₴3803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4912
₴5860
₴4912
₴7018
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 742
social contributions
-
-
-
4 507
total
-
-
-
16 249
Employee
40 974
-
51 000
-
social contributions
3 404
-
4 507
-
income
7 732
-
11 742
-
total
11 136
-
16 249
-
Employer
40 974
-
51 000
-
total
-
-
-
-
Corporate
10 026
51 000
-
-
income
1 253
6 375
-
-
total
1 253
6 375
-
-
Dividends
8 772
44 625
-
-
withholding
1 754
8 926
-
-
total
1 754
8 926
-
-
Income
51 000
51 000
51 000
51 000
Total tax
14 143
15 301
16 249
16 249
After tax
36 857
35 699
34 751
34 751
Living cost
29 839
29 839
29 839
29 839
Free-cash
7 018
5 860
4 912
4 912

Estimated living cost  is ₴29839 per week

₴22701
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4422
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18418
₴11368
₴13841
₴13571
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
51 000
income
-
-
-
14 911
health

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

-
-
-
3 233
total
-
-
-
18 144
Employee
24 030
-
48 590
-
social contributions
2 408
-
2 410
-
income
2 607
-
8 747
-
total
5 015
-
11 157
-
Employer
24 030
-
48 590
-
social contributions
2 408
-
2 410
-
total
2 408
-
2 410
-
Corporate
24 563
51 000
-
-
income
8 596
17 850
-
-
total
8 596
17 850
-
-
Dividends
15 966
33 150
-
-
social contributions
2 395
2 767
-
-
total
2 395
2 767
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 414
20 617
13 567
18 144
After tax
32 586
30 383
37 433
32 856
Living cost
19 015
19 015
19 015
19 015
Free-cash
13 571
11 368
18 418
13 841

Estimated living cost  is ₴19015 per week

₴12525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1499
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4699
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12382
₴18297
₴17480
₴15611
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 709
income
-
-
-
10 191
total
-
-
-
13 900
Employee
26 931
-
44 940
-
pensions
2 056
-
4 217
-
income
4 904
-
8 001
-
health
351
-
720
-
total
7 311
-
12 938
-
Employer
26 931
-
44 940
-
pensions
2 721
-
5 206
-
health
512
-
854
-
total
3 233
-
6 060
-
Corporate
20 836
51 000
-
-
income

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

3 959
9 690
-
-
total
3 959
9 690
-
-
Dividends
16 877
41 310
-
-
withholding
1 266
3 393
-
-
total
1 266
3 393
-
-
Income
51 000
51 000
51 000
51 000
Total tax
15 769
13 083
18 998
13 900
After tax
35 231
37 917
32 002
37 100
Living cost
19 620
19 620
19 620
19 620
Free-cash
15 611
18 297
12 382
17 480

Estimated living cost  is ₴19620 per week

₴13459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1804
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.
₴4110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴13778
-₴8344
₴22538
₴2216
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 179
accident
-
-
-
132
other
-
-
-
194
income
-
-
-
12 340
health
-
-
-
1 142
total
-
-
-
15 987
Employee
19 623
-
43 441
-
pensions
2 210
-
3 995
-
income
2 692
-
8 218
-
health
2 247
-
4 974
-
total
7 149
-
17 187
-
Employer
19 623
-
43 441
-
pensions
3 191
-
5 770
-
unemployment
481
-
1 064
-
accident
328
-
726
-
total
4 000
-
7 560
-
Corporate
27 378
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.

24 640
45 900
-
-
total
24 640
45 900
-
-
Dividends
2 738
5 100
-
-
withholding
520
969
-
-
total
520
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
36 309
46 869
24 747
15 987
After tax
14 691
4 131
26 253
35 013
Living cost
12 475
12 475
12 475
12 475
Free-cash
2 216
-8 344
13 778
22 538

Estimated living cost  is ₴12475 per week

₴9155
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴727
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.
₴2341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24614
₴35839
₴22113
₴33723
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
9 384
unemployment
-
-
-
612
work injury
-
-
-
255
health insurance
-
-
-
3 774
income
-
-
-
7 784
total
-
-
-
21 809
Employee

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

11 325
-
51 000
-
health insurance
838
-
3 101
-
unemployment
136
-
503
-
pensions
2 084
-
7 710
-
work injury
57
-
210
-
income
1 133
-
7 784
-
total
4 248
-
19 308
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
39 675
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
39 675
50 490
-
-
withholding
5 951
7 573
-
-
total
5 951
7 573
-
-
Income
51 000
51 000
51 000
51 000
Total tax
10 199
8 083
19 308
21 809
After tax
40 801
42 917
31 692
29 191
Living cost
7 078
7 078
7 078
7 078
Free-cash
33 723
35 839
24 614
22 113

Estimated living cost  is ₴7078 per week

₴4385
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴514
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1958
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴2599
₴5996
₴4931
₴3614
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 005
municipal
-
-
-
341
national
-
-
-
10 738
social contributions
-
-
-
13 117
total
-
-
-
25 201
Employee
44 140
-
51 000
-
national
7 459
-
9 187
-
municipal
263
-
304
-
social contributions
14 884
-
17 197
-
regional
666
-
845
-
total
23 272
-
27 533
-
Employer
44 140
-
51 000
-
total
-
-
-
-
Corporate
6 860
51 000
-
-
nationa
1 646
12 240
-
-
municipal
331
2 458
-
-
total
1 977
14 698
-
-
Dividends
4 883
36 302
-
-
withholding
1 269
9 438
-
-
total
1 269
9 438
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 518
24 136
27 533
25 201
After tax
24 482
26 864
23 467
25 799
Living cost
20 868
20 868
20 868
20 868
Free-cash
3 614
5 996
2 599
4 931

Estimated living cost  is ₴20868 per week

₴14658
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1435
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴315
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4458
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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