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
₴10850
₴21160
₴16737
₴16301
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
income

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

-
-
-
10 940
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.

-
-
-
601
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.

-
-
-
3 368
trade
-
-
-
4 423
total
-
-
-
19 332
Employee

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

18 854
-
51 000
-
surtax

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

29
-
601
-
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.

527
-
10 940
-
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.

3 368
-
3 368
-
total
3 924
-
14 909
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 146
51 000
-
-
income
4 822
7 650
-
-
surtax

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

266
421
-
-
chamber of commerce
121
148
-
-
trade
5 063
8 033
-
-
total
10 272
16 252
-
-
Dividends
21 875
34 749
-
-
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.

291
468
-
-
withholding
5 281
8 499
-
-
total
5 572
8 967
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 768
25 219
14 909
19 332
After tax
31 232
25 781
36 091
31 668
Living cost
14 931
14 931
14 931
14 931
Free-cash
16 301
10 850
21 160
16 737

Estimated living cost  is ₴14931 per week

₴9392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
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.
₴3519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5423
₴4822
₴4423
₴4984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
social contributions
-
-
-
548
municipal
-
-
-
5 298
national
-
-
-
8 210
pensions
-
-
-
6 120
total
-
-
-
20 176
Employee
40 926
-
44 089
-
municipal
5 055
-
5 496
-
pensions
1 637
-
1 764
-
national
7 833
-
8 516
-
total
14 525
-
15 776
-
Employer
40 926
-
44 089
-
pensions
3 274
-
3 527
-
social contributions
440
-
474
-
total
3 714
-
4 001
-
Corporate
3 659
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%.

732
10 200
-
-
total
732
10 200
-
-
Dividends
2 927
40 800
-
-
withholding
644
8 976
-
-
total
644
8 976
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 615
19 176
19 777
20 176
After tax
31 385
31 824
31 223
30 824
Living cost
26 401
26 401
26 401
26 401
Free-cash
4 984
5 423
4 822
4 423

Estimated living cost  is ₴26401 per week

₴17944
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2454
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴395
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30545
₴18471
₴16952
₴26500
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
51 000
income
-
-
-
7 397
surtax
-
-
-
-
social contributions

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

-
-
-
16 396
microenterprise
-
-
-
-
total
-
-
-
23 793
Employee
14 404
-
41 099
-
surtax
-
-
-
-
social contributions

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

1 585
-
4 521
-
income
2 564
-
7 852
-
total
4 149
-
12 373
-
Employer
14 404
-
41 099
-
social contributions

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

3 470
-
9 901
-
surtax
-
-
-
-
total
3 470
-
9 901
-
Corporate
33 127
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%.

6 626
10 200
-
-
total
6 626
10 200
-
-
Dividends

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

26 501
40 800
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
14 245
10 200
22 274
23 793
After tax
36 755
40 800
28 726
27 207
Living cost
10 255
10 255
10 255
10 255
Free-cash
26 500
30 545
18 471
16 952

Estimated living cost  is ₴10255 per week

₴6542
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2503
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4066
₴4514
₴8288
₴1046
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
10 283
health
-
-
-
6 004
pensions
-
-
-
5 775
total
-
-
-
22 062
Employee
42 095
42 095
43 400
-
pensions
7 577
5 775
5 775
-
income

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

6 890
6 890
6 890
-
health
6 461
5 496
5 571
-
total
20 928
18 161
18 236
-
Employer
42 095
42 095
43 400
-
health
2 926
2 926
3 017
-
pensions
2 930
2 930
3 021
-
unemployment
1 515
1 515
1 562
-
total
7 371
7 371
7 600
-
Corporate
2 050
1 534
-
-
income
410
307
-
-
total
410
307
-
-
Dividends
1 641
1 227
-
-
income
349
261
-
-
withholding
246
184
-
-
total
595
445
-
-
Income
51 000
51 000
51 000
51 000
Total tax
29 304
26 284
25 836
22 062
After tax
21 696
24 716
25 164
28 938
Living cost
20 650
20 650
20 650
20 650
Free-cash
1 046
4 066
4 514
8 288

Estimated living cost  is ₴20650 per week

₴14634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴7617
₴7005
₴6549
₴7163
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
accident
-
-
-
89
other
-
-
-
5 152
unemployment
-
-
-
44
health
-
-
-
2 766
municipal
-
-
-
11 378
national
-
-
-
-
pensions
-
-
-
4 793
total
-
-
-
24 222
Employee
28 824
-
38 807
-
municipal
8 595
-
11 572
-
national
-
-
-
-
total
8 595
-
11 572
-
Employer
28 824
-
38 807
-
health
1 773
-
2 387
-
pensions
3 116
-
4 195
-
accident
58
-
78
-
unemployment
761
-
1 025
-
other
3 349
-
4 509
-
total
9 057
-
12 194
-
Corporate
13 119
51 000
-
-
income
2 886
11 220
-
-
total
2 886
11 220
-
-
Dividends
10 233
39 780
-
-
withholding
3 070
11 934
-
-
total
3 070
11 934
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 608
23 154
23 766
24 222
After tax
27 392
27 846
27 234
26 778
Living cost
20 229
20 229
20 229
20 229
Free-cash
7 163
7 617
7 005
6 549

Estimated living cost  is ₴20229 per week

₴13407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
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.
₴4530
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6152
₴16726
₴12107
₴13079
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
income

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

-
-
-
10 940
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.

-
-
-
601
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.

-
-
-
3 368
trade
-
-
-
4 619
total
-
-
-
19 528
Employee

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

24 998
-
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
-
601
-
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.

2 148
-
10 940
-
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.

3 368
-
3 368
-
total
5 634
-
14 909
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 002
51 000
-
-
income
3 901
7 650
-
-
surtax

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

214
421
-
-
chamber of commerce
112
148
-
-
trade
4 278
8 390
-
-
total
8 505
16 609
-
-
Dividends
17 497
34 391
-
-
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.

230
463
-
-
withholding
4 187
8 411
-
-
total
4 417
8 874
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 556
25 483
14 909
19 528
After tax
32 444
25 517
36 091
31 472
Living cost
19 365
19 365
19 365
19 365
Free-cash
13 079
6 152
16 726
12 107

Estimated living cost  is ₴19365 per week

₴12951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴21332
₴19907
₴19959
₴19290
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 797
social contributions
-
-
-
7 956
health
-
-
-
1 300
total
-
-
-
15 053
Employee
37 904
37 904
46 300
-
social contributions
1 842
3 146
3 843
-
income
3 980
3 509
5 775
-
health
377
645
787
-
total
6 199
7 300
10 405
-
Employer
37 904
37 904
46 300
-
health
411
702
857
-
social contributions
1 842
3 146
3 843
-
total
2 253
3 848
4 700
-
Corporate
26 560
9 248
-
-
income
3 320
1 156
-
-
total
3 320
1 156
-
-
Dividends
23 240
8 092
-
-
withholding
3 950
1 376
-
-
total
3 950
1 376
-
-
Income
51 000
51 000
51 000
51 000
Total tax
15 722
13 680
15 105
15 053
After tax
35 278
37 320
35 895
35 947
Living cost
15 988
15 988
15 988
15 988
Free-cash
19 290
21 332
19 907
19 959

Estimated living cost  is ₴15988 per week

₴10930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1249
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.
₴3542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19664
₴20503
₴26267
₴19853
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

13 083
5 207
42 678
-
unemployment
196
78
640
-
pensions
1 308
521
4 268
-
income
1 599
637
5 217
-
health
916
364
2 987
-
total
4 019
1 600
13 112
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 083
5 207
42 678
-
pensions
2 551
1 015
8 322
-
total
2 551
1 015
8 322
-
Corporate
35 365
44 778
-
-
income
3 183
4 030
-
-
total
3 183
4 030
-
-
Dividends
32 183
40 748
-
-
social contributions
6 216
7 886
-
-
withholding
6 115
7 742
-
-
total
12 331
15 628
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 084
22 273
21 434
15 670
After tax
28 916
28 727
29 566
35 330
Living cost
9 063
9 063
9 063
9 063
Free-cash
19 853
19 664
20 503
26 267

Estimated living cost  is ₴9063 per week

₴6185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴742
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.
₴1956
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28894
₴17490
₴15430
₴25831
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
6 834
health
-
-
-
6 630
pensions
-
-
-
10 200
total
-
-
-
23 664
Employee
13 984
-
38 116
-
unemployment
224
-
610
-
pensions
280
-
762
-
income
1 574
-
7 349
-
total
2 078
-
8 721
-
Employer
13 984
-
38 116
-
health
1 818
-
4 955
-
pensions
2 797
-
7 623
-
unemployment
112
-
305
-
total
4 727
-
12 883
-
Corporate
32 289
51 000
-
-
income
6 458
10 200
-
-
total
6 458
10 200
-
-
Dividends
25 831
40 800
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
13 263
10 200
21 604
23 664
After tax
37 737
40 800
29 396
27 336
Living cost
11 906
11 906
11 906
11 906
Free-cash
25 831
28 894
17 490
15 430

Estimated living cost  is ₴11906 per week

₴8166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴709
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2791
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6892
₴15371
₴23974
₴2441
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
accident
-
-
-
127
income
-
-
-
12 512
other
-
-
-
186
health
-
-
-
1 093
pensions
-
-
-
2 085
total
-
-
-
16 003
Employee
17 339
-
43 680
-
pensions
1 952
-
3 823
-
income
2 379
-
8 463
-
health
1 985
-
5 001
-
total
6 316
-
17 287
-
Employer
17 339
-
43 680
-
pensions
2 819
-
5 520
-
accident
289
-
729
-
unemployment
425
-
1 070
-
total
3 533
-
7 319
-
Corporate
30 127
51 000
-
-
income

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

27 114
45 900
-
-
total
27 114
45 900
-
-
Dividends
3 013
5 100
-
-
withholding
573
969
-
-
total
573
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
37 536
46 869
24 606
16 003
After tax
13 464
4 131
26 394
34 997
Living cost
11 023
11 023
11 023
11 023
Free-cash
2 441
-6 892
15 371
23 974

Estimated living cost  is ₴11023 per week

₴8079
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44424
₴36774
₴46464
₴43670
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 033
-
51 000
-
income
1 006
-
10 200
-
total
1 006
-
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%.

45 967
51 000
-
-
total
-
-
-
-
Dividends
45 967
51 000
-
-
withholding
2 298
2 550
-
-
total
2 298
2 550
-
-
Income
51 000
51 000
51 000
51 000
Total tax
3 304
2 550
10 200
510
After tax
47 696
48 450
40 800
50 490
Living cost
4 026
4 026
4 026
4 026
Free-cash
43 670
44 424
36 774
46 464

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24335
₴16632
₴14480
₴21004
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

-
-
-
12 240
total
-
-
-
23 385
Employee
17 898
-
40 734
-
unemployment
179
-
407
-
pensions

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

1 253
-
2 851
-
income
3 081
-
7 140
-
health
251
-
571
-
total
4 764
-
10 969
-
Employer
17 898
-
40 734
-
health
251
-
571
-
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.

3 043
-
6 924
-
accident
143
-
326
-
unemployment
179
-
407
-
other
895
-
2 036
-
total
4 511
-
10 264
-
Corporate
28 591
51 000
-
-
income
6 005
10 710
-
-
total
6 005
10 710
-
-
Dividends
22 587
40 290
-
-
withholding
1 581
2 820
-
-
total
1 581
2 820
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 861
13 530
21 233
23 385
After tax
34 139
37 470
29 767
27 615
Living cost
13 135
13 135
13 135
13 135
Free-cash
21 004
24 335
16 632
14 480

Estimated living cost  is ₴13135 per week

₴9280
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴887
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4469
-₴829
₴3754
-₴1614
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
10 844
pensions
-
-
-
3 697
total
-
-
-
14 541
Employee
46 273
-
44 876
-
pensions
4 464
-
4 296
-
income
8 341
-
7 970
-
health
762
-
734
-
total
13 567
-
13 000
-
Employer
46 273
-
44 876
-
health
879
-
853
-
pensions
5 463
-
5 271
-
total
6 342
-
6 124
-
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.

-
9 689
-
-
total
-
9 689
-
-
Dividends
-
41 311
-
-
withholding
-
4 137
-
-
total
-
4 137
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 909
13 826
19 124
14 541
After tax
31 091
37 174
31 876
36 459
Living cost
32 705
32 705
32 705
32 705
Free-cash
-1 614
4 469
-829
3 754

Estimated living cost  is ₴32705 per week

₴24506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3843
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.
₴4090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴37142
₴33905
₴32290
₴34853
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
7 650
unemployment
-
-
-
69
health
-
-
-
1 980
pensions

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

-
-
-
2 548
total
-
-
-
12 247
Employee
8 559
-
47 622
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

751
-
1 512
-
income
856
-
4 762
-
health
394
-
792
-
total
2 095
-
7 255
-
Employer
8 559
-
47 622
-
health
591
-
1 188
-
pensions

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

943
-
1 897
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 679
-
3 377
-
Corporate
40 762
51 000
-
-
income
4 076
5 100
-
-
total
4 076
5 100
-
-
Dividends
36 686
45 900
-
-
withholding
1 834
2 295
-
-
total
1 834
2 295
-
-
Income
51 000
51 000
51 000
51 000
Total tax
9 684
7 395
10 632
12 247
After tax
41 316
43 605
40 368
38 753
Living cost
6 463
6 463
6 463
6 463
Free-cash
34 853
37 142
33 905
32 290

Estimated living cost  is ₴6463 per week

₴3773
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴462
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2057
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2618
-₴2170
₴1604
-₴2702
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
10 283
health
-
-
-
6 004
pensions
-
-
-
5 775
total
-
-
-
22 062
Employee
45 701
42 095
43 400
-
pensions
5 775
5 775
5 775
-
income

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

6 890
6 890
6 890
-
health
5 702
5 496
5 571
-
total
18 367
18 161
18 236
-
Employer
45 701
42 095
43 400
-
health
3 176
2 926
3 017
-
pensions
3 180
2 930
3 021
-
unemployment
1 645
1 515
1 562
-
total
8 001
7 371
7 600
-
Corporate
-
1 534
-
-
income
-
307
-
-
total
-
307
-
-
Dividends
-
1 227
-
-
income
-
261
-
-
withholding
-
184
-
-
total
-
445
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 368
26 284
25 836
22 062
After tax
24 632
24 716
25 164
28 938
Living cost
27 334
27 334
27 334
27 334
Free-cash
-2 702
-2 618
-2 170
1 604

Estimated living cost  is ₴27334 per week

₴20163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2441
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4416
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22847
₴13615
₴12574
₴18472
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
4 383
social contributions
-
-
-
14 892
solidarity contribution
-
-
-
-
health
-
-
-
6 885
total
-
-
-
26 160
Employee
18 038
-
38 060
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
2 474
-
income
2 165
-
4 567
-
health
2 435
-
5 138
-
total
5 772
-
12 179
-
Employer
18 038
-
38 060
-
health
1 623
-
3 425
-
social contributions
4 509
-
9 515
-
total
6 132
-
12 940
-
Corporate
26 829
51 000
-
-
income
5 098
9 690
-
-
total
5 098
9 690
-
-
Dividends
21 732
41 310
-
-
withholding
3 260
6 197
-
-
total
3 260
6 197
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 262
15 887
25 119
26 160
After tax
30 738
35 113
25 881
24 840
Living cost
12 266
12 266
12 266
12 266
Free-cash
18 472
22 847
13 615
12 574

Estimated living cost  is ₴12266 per week

₴8520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6411
₴2834
₴5261
₴3837
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
social contributions
-
-
-
13 117
regional
-
-
-
566
municipal
-
-
-
303
national
-
-
-
10 953
total
-
-
-
24 939
Employee
43 809
-
51 000
-
municipal
232
-
270
-
national
7 591
-
9 403
-
regional
413
-
496
-
social contributions
14 772
-
17 197
-
total
23 008
-
27 366
-
Employer
43 809
-
51 000
-
total
-
-
-
-
Corporate
7 191
51 000
-
-
municipal
281
1 989
-
-
nationa
1 726
12 240
-
-
total
2 007
14 229
-
-
Dividends
5 184
36 771
-
-
withholding
1 348
9 560
-
-
total
1 348
9 560
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 363
23 789
27 366
24 939
After tax
24 637
27 211
23 634
26 061
Living cost
20 800
20 800
20 800
20 800
Free-cash
3 837
6 411
2 834
5 261

Estimated living cost  is ₴20800 per week

₴14499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21202
₴14195
₴15186
₴19669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 786
other
-
-
-
-
surtax
-
-
-
1 218
unemployment
-
-
-
112
health
-
-
-
3 621
pensions
-
-
-
10 200
total
-
-
-
24 937
Employee
16 301
-
42 130
-
other
-
-
-
-
unemployment
1 135
-
2 933
-
pensions
1 087
-
2 810
-
surtax
53
-
1 104
-
income
2 732
-
9 137
-
health
416
-
1 074
-
total
5 423
-
17 058
-
Employer
16 301
-
42 130
-
health
742
-
1 918
-
pensions
2 173
-
5 616
-
unemployment
516
-
1 336
-
other
-
-
-
-
total
3 431
-
8 870
-
Corporate
31 268
51 000
-
-
income
8 130
13 260
-
-
total
8 130
13 260
-
-
Dividends
23 138
37 740
-
-
withholding
3 470
5 661
-
-
total
3 470
5 661
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 454
18 921
25 928
24 937
After tax
30 546
32 079
25 072
26 063
Living cost
10 877
10 877
10 877
10 877
Free-cash
19 669
21 202
14 195
15 186

Estimated living cost  is ₴10877 per week

₴6651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1004
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.
₴2972
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14831
₴9533
₴14116
₴12021
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
10 844
pensions
-
-
-
3 697
total
-
-
-
14 541
Employee
31 011
-
44 876
-
pensions
2 632
-
4 296
-
income
5 585
-
7 970
-
health
450
-
734
-
total
8 667
-
13 000
-
Employer
31 011
-
44 876
-
health
589
-
853
-
pensions
3 357
-
5 271
-
total
3 946
-
6 124
-
Corporate
16 043
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.

3 048
9 689
-
-
total
3 048
9 689
-
-
Dividends
12 996
41 311
-
-
withholding
975
4 137
-
-
total
975
4 137
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 636
13 826
19 124
14 541
After tax
34 364
37 174
31 876
36 459
Living cost
22 343
22 343
22 343
22 343
Free-cash
12 021
14 831
9 533
14 116

Estimated living cost  is ₴22343 per week

₴16739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1675
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴16160
₴542
₴3107
₴394
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
other

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

-
-
-
1 020
regional
-
-
-
1 728
health
-
-
-
129
city
-
-
-
537
national
-
-
-
305
pensions
-
-
-
4 692
total
-
-
-
8 411
Employee
46 204
-
45 648
-
unemployment
-
-
-
-
pensions
3 882
-
3 835
-
national
219
-
215
-
regional
1 513
-
1 483
-
city
496
-
491
-
health
104
-
102
-
total
6 214
-
6 126
-
Employer
46 204
-
45 648
-
health
104
-
102
-
pensions
3 882
-
3 835
-
unemployment
-
-
-
-
other

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

924
-
913
-
total
4 910
-
4 850
-
Corporate
-
51 000
-
-
regional
-
10 786
-
-
national
-
4 335
-
-
total
-
15 121
-
-
Dividends
-
35 878
-
-
withholding
-
12 557
-
-
total
-
12 557
-
-
Income
51 000
51 000
51 000
51 000
Total tax
11 124
27 678
10 976
8 411
After tax
39 876
23 322
40 024
42 589
Living cost
39 482
39 482
39 482
39 482
Free-cash
394
-16 160
542
3 107

Estimated living cost  is ₴39482 per week

₴25675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2675
₴13509
₴8693
₴10666
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
income

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

-
-
-
10 940
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.

-
-
-
601
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.

-
-
-
3 368
trade
-
-
-
4 816
total
-
-
-
19 725
Employee

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

29 625
-
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.

192
-
601
-
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.

3 484
-
10 940
-
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.

3 368
-
3 368
-
total
7 044
-
14 909
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 375
51 000
-
-
income
3 207
7 650
-
-
surtax

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

177
421
-
-
chamber of commerce
105
147
-
-
trade
3 666
8 746
-
-
total
7 155
16 964
-
-
Dividends
14 221
34 036
-
-
surtax

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

185
457
-
-
withholding
3 368
8 322
-
-
total
3 553
8 779
-
-
Income
51 000
51 000
51 000
51 000
Total tax
17 752
25 743
14 909
19 725
After tax
33 248
25 257
36 091
31 275
Living cost
22 582
22 582
22 582
22 582
Free-cash
10 666
2 675
13 509
8 693

Estimated living cost  is ₴22582 per week

₴16493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1806
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3990
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8840
₴15070
₴12453
₴11750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 098
other
-
-
-
1 584
surtax
-
-
-
-
social contributions
-
-
-
1 454
health
-
-
-
1 037
pensions
-
-
-
12 509
total
-
-
-
21 682
Employee
21 097
-
41 333
-
pensions
2 385
-
2 019
-
surtax
-
-
-
-
social contributions
601
-
1 178
-
income
1 245
-
6 200
-
total
4 231
-
9 397
-
Employer
21 097
-
41 333
-
health
1 477
-
2 893
-
pensions
3 466
-
3 551
-
unemployment
854
-
1 674
-
social contributions
64
-
124
-
other
728
-
1 426
-
total
6 589
-
9 668
-
Corporate
23 315
51 000
-
-
income
6 528
14 280
-
-
surtax
-
-
-
-
total
6 528
14 280
-
-
Dividends
16 786
36 720
-
-
surtax
-
-
-
-
social contributions
2 888
6 315
-
-
withholding
2 149
4 700
-
-
total
5 037
11 015
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 385
25 295
19 065
21 682
After tax
28 615
25 705
31 935
29 318
Living cost
16 865
16 865
16 865
16 865
Free-cash
11 750
8 840
15 070
12 453

Estimated living cost  is ₴16865 per week

₴10634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1371
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4573
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10511
₴16741
₴14124
₴13251
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 098
other
-
-
-
1 584
surtax
-
-
-
-
social contributions
-
-
-
1 454
health
-
-
-
1 037
pensions
-
-
-
12 509
total
-
-
-
21 682
Employee
18 832
-
41 333
-
pensions
2 130
-
2 019
-
surtax
-
-
-
-
social contributions
537
-
1 178
-
income
971
-
6 200
-
total
3 638
-
9 397
-
Employer
18 832
-
41 333
-
health
1 318
-
2 893
-
pensions
3 094
-
3 551
-
unemployment
762
-
1 674
-
social contributions
56
-
124
-
other
650
-
1 426
-
total
5 880
-
9 668
-
Corporate
26 287
51 000
-
-
income
7 360
14 280
-
-
surtax
-
-
-
-
total
7 360
14 280
-
-
Dividends
18 927
36 720
-
-
surtax
-
-
-
-
social contributions
3 254
6 315
-
-
withholding
2 423
4 700
-
-
total
5 677
11 015
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 555
25 295
19 065
21 682
After tax
28 445
25 705
31 935
29 318
Living cost
15 194
15 194
15 194
15 194
Free-cash
13 251
10 511
16 741
14 124

Estimated living cost  is ₴15194 per week

₴8812
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1543
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20661
₴22301
₴22300
₴20917
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
7 650
social contributions
-
-
-
7 038
health
-
-
-
3 559
total
-
-
-
18 247
Employee
16 713
-
51 000
-
social contributions
2 307
-
7 038
-
income
2 788
-
7 649
-
health
1 166
-
3 559
-
total
6 261
-
18 246
-
Employer
16 713
-
51 000
-
total
-
-
-
-
Corporate
34 287
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%.

1 715
2 550
-
-
total
1 715
2 550
-
-
Dividends
32 572
48 450
-
-
social contributions
4 495
6 687
-
-
withholding
4 886
7 267
-
-
health
2 273
3 382
-
-
total
11 654
17 336
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 630
19 886
18 246
18 247
After tax
31 370
31 114
32 754
32 753
Living cost
10 453
10 453
10 453
10 453
Free-cash
20 917
20 661
22 301
22 300

Estimated living cost  is ₴10453 per week

₴6995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
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.
₴2572
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11192
-₴2116
₴8314
₴10429
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
8 656
surtax
-
-
-
97
unemployment
-
-
-
3 023
chamber of commerce
-
-
-
204
health
-
-
-
3 902
pensions
-
-
-
9 435
total
-
-
-
25 317
Employee
24 635
19 644
39 527
-
other
246
196
396
-
unemployment
739
589
1 186
-
pensions
2 523
2 011
4 048
-
income
2 804
1 449
7 701
-
health
953
761
1 529
-
total
7 265
5 006
14 860
-
Employer
24 635
19 644
39 527
-
chamber of commerce
98
79
158
-
health
931
743
1 494
-
pensions
3 092
2 466
4 961
-
accident
320
255
514
-
unemployment
739
589
1 186
-
surtax
97
97
97
-
payroll
739
589
1 186
-
other
1 170
933
1 877
-
total
7 186
5 751
11 473
-
Corporate
19 179
25 605
37 656
-
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.

4 795
6 401
9 414
-
total
4 795
6 401
9 414
-
Dividends
14 384
19 203
-
-
withholding
3 956
5 281
-
-
total
3 956
5 281
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 202
22 439
35 747
25 317
After tax
27 798
28 561
15 253
25 683
Living cost
17 369
17 369
17 369
17 369
Free-cash
10 429
11 192
-2 116
8 314

Estimated living cost  is ₴17369 per week

₴11584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1482
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.
₴4018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10624
₴1806
₴5772
₴3233
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 577
social contributions
-
-
-
8 049
national
-
-
-
16 629
total
-
-
-
27 255
Employee

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

35 260
-
39 502
-
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.

307
-
343
-
communal

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

1 839
-
2 061
-
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.

2 644
-
2 963
-
national
10 840
-
12 499
-
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.

1 657
-
1 857
-
total
17 287
-
19 723
-
Employer

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

35 260
-
39 502
-
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.

2 168
-
2 429
-
pensions

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

3 124
-
3 499
-
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.

458
-
514
-
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.

514
-
577
-
surtax
3 998
-
4 479
-
total
10 262
-
11 498
-
Corporate
5 476
51 000
-
-
income
1 095
10 200
-
-
surtax
22
204
-
-
total
1 117
10 404
-
-
Dividends
4 359
40 596
-
-
withholding

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

1 128
11 999
-
-
total
1 128
11 999
-
-
Income
51 000
51 000
51 000
51 000
Total tax
29 794
22 403
31 221
27 255
After tax
21 206
28 597
19 779
23 745
Living cost
17 973
17 973
17 973
17 973
Free-cash
3 233
10 624
1 806
5 772

Estimated living cost  is ₴17973 per week

₴11577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1572
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4543
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16557
₴9035
₴9712
₴12631
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
accident
-
-
-
412
income
-
-
-
9 778
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 930
total
-
-
-
23 486
Employee
24 537
-
38 671
-
other
24
-
38
-
unemployment
381
-
600
-
pensions
1 153
-
1 818
-
income
5 177
-
9 378
-
total
6 735
-
11 834
-
Employer
24 537
-
38 671
-
pensions
5 790
-
9 126
-
accident
485
-
766
-
unemployment
1 350
-
2 127
-
other
196
-
310
-
total
7 821
-
12 329
-
Corporate
18 642
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.

2 796
7 650
-
-
total
2 796
7 650
-
-
Dividends
15 846
43 350
-
-
withholding
3 215
8 991
-
-
total
3 215
8 991
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 567
16 641
24 163
23 486
After tax
30 433
34 359
26 837
27 514
Living cost
17 802
17 802
17 802
17 802
Free-cash
12 631
16 557
9 035
9 712

Estimated living cost  is ₴17802 per week

₴13109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4371
₴4416
₴2180
₴933
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
communal
-
-
-
3 224
accident
-
-
-
430
income
-
-
-
4 623
surtax
-
-
-
2 528
health
-
-
-
3 583
pensions
-
-
-
7 644
total
-
-
-
22 032
Employee
37 330
-
45 556
-
pensions
2 986
-
3 644
-
surtax
2 288
-
2 792
-
income
3 606
-
5 888
-
health
1 661
-
2 028
-
total
10 541
-
14 352
-
Employer
37 330
-
45 556
-
health
1 138
-
1 390
-
pensions
2 986
-
3 644
-
accident
336
-
410
-
total
4 460
-
5 444
-
Corporate
9 210
51 000
-
-
communal
-
3 442
-
-
income
1 382
7 650
-
-
surtax
96
535
-
-
total
1 478
11 627
-
-
Dividends
7 732
39 372
-
-
income
5 640
2 309
-
-
withholding
1 160
5 905
-
-
total
6 800
8 214
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 279
19 841
19 796
22 032
After tax
27 721
31 159
31 204
28 968
Living cost
26 788
26 788
26 788
26 788
Free-cash
933
4 371
4 416
2 180

Estimated living cost  is ₴26788 per week

₴20095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1623
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4786
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21007
₴14000
₴14991
₴19439
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 786
other
-
-
-
-
surtax
-
-
-
1 218
unemployment
-
-
-
112
health
-
-
-
3 621
pensions
-
-
-
10 200
total
-
-
-
24 937
Employee
16 600
-
42 130
-
other
-
-
-
-
unemployment
1 155
-
2 933
-
pensions
1 108
-
2 810
-
surtax
59
-
1 104
-
income
2 783
-
9 137
-
health
424
-
1 074
-
total
5 529
-
17 058
-
Employer
16 600
-
42 130
-
health
755
-
1 918
-
pensions
2 213
-
5 616
-
unemployment
527
-
1 336
-
other
-
-
-
-
total
3 495
-
8 870
-
Corporate
30 905
51 000
-
-
income
8 035
13 260
-
-
total
8 035
13 260
-
-
Dividends
22 869
37 740
-
-
withholding
3 430
5 661
-
-
total
3 430
5 661
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 489
18 921
25 928
24 937
After tax
30 511
32 079
25 072
26 063
Living cost
11 072
11 072
11 072
11 072
Free-cash
19 439
21 007
14 000
14 991

Estimated living cost  is ₴11072 per week

₴6685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴963
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.
₴3168
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13528
₴10165
₴12579
₴12433
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
social contributions
-
-
-
13 117
regional
-
-
-
769
municipal
-
-
-
303
national
-
-
-
10 953
total
-
-
-
25 142
Employee
27 344
-
51 000
-
municipal
145
-
270
-
national
4 332
-
9 403
-
regional
368
-
686
-
social contributions
9 221
-
17 197
-
total
14 066
-
27 556
-
Employer
27 344
-
51 000
-
total
-
-
-
-
Corporate
23 656
51 000
-
-
municipal
1 176
2 535
-
-
nationa
5 677
12 240
-
-
total
6 853
14 775
-
-
Dividends
16 803
36 225
-
-
withholding
4 369
9 418
-
-
total
4 369
9 418
-
-
Income
51 000
51 000
51 000
51 000
Total tax
25 288
24 193
27 556
25 142
After tax
25 712
26 807
23 444
25 858
Living cost
13 279
13 279
13 279
13 279
Free-cash
12 433
13 528
10 165
12 579

Estimated living cost  is ₴13279 per week

₴8258
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19998
₴10766
₴9725
₴14606
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
4 383
social contributions
-
-
-
14 892
solidarity contribution
-
-
-
-
health
-
-
-
6 885
total
-
-
-
26 160
Employee
22 227
-
38 060
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
2 474
-
income
2 667
-
4 567
-
health
3 001
-
5 138
-
total
7 113
-
12 179
-
Employer
22 227
-
38 060
-
health
2 000
-
3 425
-
social contributions
5 557
-
9 515
-
total
7 557
-
12 940
-
Corporate
21 215
51 000
-
-
income
4 031
9 690
-
-
total
4 031
9 690
-
-
Dividends
17 184
41 310
-
-
withholding
2 578
6 197
-
-
total
2 578
6 197
-
-
Income
51 000
51 000
51 000
51 000
Total tax
21 279
15 887
25 119
26 160
After tax
29 721
35 113
25 881
24 840
Living cost
15 115
15 115
15 115
15 115
Free-cash
14 606
19 998
10 766
9 725

Estimated living cost  is ₴15115 per week

₴11240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12887
-₴455
₴10054
₴12644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
8 656
surtax
-
-
-
-
unemployment
-
-
-
3 023
chamber of commerce
-
-
-
204
health
-
-
-
3 902
pensions
-
-
-
9 435
total
-
-
-
25 220
Employee
21 548
19 644
39 604
-
other
215
196
396
-
unemployment
646
589
1 188
-
pensions
2 207
2 011
4 055
-
income
1 920
1 449
7 729
-
health
833
761
1 532
-
total
5 821
5 006
14 900
-
Employer
21 548
19 644
39 604
-
chamber of commerce
86
79
158
-
health
815
743
1 497
-
pensions
2 704
2 466
4 970
-
accident
280
255
514
-
unemployment
646
589
1 188
-
surtax
-
-
-
-
payroll
646
589
1 188
-
other
1 023
933
1 881
-
total
6 200
5 654
11 396
-
Corporate
23 251
25 702
37 733
-
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.

5 813
6 426
9 433
-
total
5 813
6 426
9 433
-
Dividends
17 438
19 276
-
-
withholding
4 796
5 301
-
-
total
4 796
5 301
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 630
22 387
35 729
25 220
After tax
28 370
28 613
15 271
25 780
Living cost
15 726
15 726
15 726
15 726
Free-cash
12 644
12 887
-455
10 054

Estimated living cost  is ₴15726 per week

₴9434
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1606
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4406
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴42176
₴34526
₴44216
₴40999
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

-
-
-
51 000
microenterprise

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

-
-
-
510
total
-
-
-
510
Employee
7 843
-
51 000
-
income
1 569
-
10 200
-
total
1 569
-
10 200
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

43 157
51 000
-
-
total
-
-
-
-
Dividends
43 157
51 000
-
-
withholding
2 158
2 550
-
-
total
2 158
2 550
-
-
Income
51 000
51 000
51 000
51 000
Total tax
3 727
2 550
10 200
510
After tax
47 273
48 450
40 800
50 490
Living cost
6 274
6 274
6 274
6 274
Free-cash
40 999
42 176
34 526
44 216

Estimated living cost  is ₴6274 per week

₴4246
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21892
₴11629
₴13089
₴17767
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
51 000
income
-
-
-
10 279
unemployment
-
-
-
77
health
-
-
-
5 019
pensions
-
-
-
9 314
total
-
-
-
24 689
Employee

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

21 798
-
44 129
-
unemployment
31
-
62
-
pensions
3 379
-
6 840
-
income
3 759
-
9 527
-
health
1 408
-
2 850
-
total
8 577
-
19 279
-
Employer

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

21 798
-
44 129
-
health
1 452
-
2 939
-
pensions
1 929
-
3 905
-
unemployment
13
-
26
-
total
3 394
-
6 870
-
Corporate
25 808
51 000
-
-
income
4 904
9 690
-
-
total
4 904
9 690
-
-
Dividends
20 905
41 310
-
-
withholding
3 136
6 196
-
-
total
3 136
6 196
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 011
15 886
26 149
24 689
After tax
30 989
35 114
24 851
26 311
Living cost
13 222
13 222
13 222
13 222
Free-cash
17 767
21 892
11 629
13 089

Estimated living cost  is ₴13222 per week

₴9074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴848
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Ljubljana model

Close
Oslo , Norway
₴9653
₴23108
₴13870
-₴22865
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
9 941
social contributions
-
-
-
5 814
total
-
-
-
15 755
Employee
30 649
-
-
-
social contributions
2 513
-
358
-
income
6 761
-
-
-
total
9 274
-
358
-
Employer
30 649
-
-
-
social contributions
43 216
-
6 159
-
total
43 216
-
6 159
-
Corporate
-
51 000
-
-
income
-
11 220
-
-
total
-
11 220
-
-
Dividends
-
39 780
-
-
income
-
8 752
-
-
total
-
8 752
-
-
Income
51 000
51 000
51 000
51 000
Total tax
52 490
19 972
6 517
15 755
After tax
-1 490
31 028
44 483
35 245
Living cost
21 375
21 375
21 375
21 375
Free-cash
-22 865
9 653
23 108
13 870

Estimated living cost  is ₴21375 per week

₴13869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2010
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.
₴5223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13547
₴10283
₴12977
₴13050
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
51 000
income
-
-
-
4 838
surtax
-
-
-
-
social contributions

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

-
-
-
17 723
total
-
-
-
22 561
Employee
22 671
-
41 212
-
surtax
-
-
-
-
social contributions
2 494
-
4 533
-
income
4 716
-
10 934
-
total
7 210
-
15 467
-
Employer
22 671
-
41 212
-
social contributions
5 384
-
9 788
-
total
5 384
-
9 788
-
Corporate
22 944
51 000
-
-
income
4 818
10 710
-
-
surtax
-
-
-
-
total
4 818
10 710
-
-
Dividends
18 126
40 290
-
-
withholding
5 076
11 281
-
-
total
5 076
11 281
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 488
21 991
25 255
22 561
After tax
28 512
29 009
25 745
28 439
Living cost
15 462
15 462
15 462
15 462
Free-cash
13 050
13 547
10 283
12 977

Estimated living cost  is ₴15462 per week

₴11569
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1897
₴8127
₴5510
₴5286
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 098
other
-
-
-
1 584
surtax
-
-
-
-
social contributions
-
-
-
1 454
health
-
-
-
1 037
pensions
-
-
-
12 509
total
-
-
-
21 682
Employee
30 874
-
41 333
-
pensions
3 492
-
2 019
-
surtax
-
-
-
-
social contributions
879
-
1 178
-
income
2 694
-
6 200
-
total
7 065
-
9 397
-
Employer
30 874
-
41 333
-
health
2 161
-
2 893
-
pensions
5 073
-
3 551
-
unemployment
1 251
-
1 674
-
social contributions
93
-
124
-
other
1 065
-
1 426
-
total
9 643
-
9 668
-
Corporate
10 484
51 000
-
-
income
2 935
14 280
-
-
surtax
-
-
-
-
total
2 935
14 280
-
-
Dividends
7 549
36 720
-
-
surtax
-
-
-
-
social contributions
1 297
6 315
-
-
withholding
966
4 700
-
-
total
2 263
11 015
-
-
Income
51 000
51 000
51 000
51 000
Total tax
21 906
25 295
19 065
21 682
After tax
29 094
25 705
31 935
29 318
Living cost
23 808
23 808
23 808
23 808
Free-cash
5 286
1 897
8 127
5 510

Estimated living cost  is ₴23808 per week

₴16113
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1948
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5421
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31083
₴25333
₴23978
₴29428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
985
social contributions
-
-
-
11 220
total
-
-
-
12 205
Employee
15 847
-
44 156
-
income
-
-
1 136
-
social contributions
1 030
-
2 870
-
total
1 030
-
4 006
-
Employer
15 847
-
44 156
-
social contributions
2 456
-
6 844
-
total
2 456
-
6 844
-
Corporate
32 696
51 000
-
-
income
3 269
5 100
-
-
total
3 269
5 100
-
-
Dividends
29 427
45 900
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
6 755
5 100
10 850
12 205
After tax
44 245
45 900
40 150
38 795
Living cost
14 817
14 817
14 817
14 817
Free-cash
29 428
31 083
25 333
23 978

Estimated living cost  is ₴14817 per week

₴9581
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1117
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.
₴3841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴56302
-₴56302
₴7811
-₴56302
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
labour market
-
-
-
4 046
municipal
-
-
-
9 562
national
-
-
-
5 436
pensions
-
-
-
427
total
-
-
-
19 471
Employee
100 109
100 109
100 109
-
municipal
21 318
21 318
21 318
-
labour market
7 997
7 997
7 997
-
pensions
142
142
142
-
national
12 230
12 230
12 230
-
total
41 687
41 687
41 687
-
Employer
100 109
100 109
100 109
-
national
12 251
12 251
12 251
-
labour market
8 009
8 009
8 009
-
pensions
285
285
285
-
municipal
21 352
21 352
21 352
-
total
41 897
41 897
41 897
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
83 584
83 584
83 584
19 471
After tax
-32 584
-32 584
-32 584
31 529
Living cost
23 718
23 718
23 718
23 718
Free-cash
-56 302
-56 302
-56 302
7 811

Estimated living cost  is ₴23718 per week

₴16233
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.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5022
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6729
₴15534
₴24137
₴2465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
accident
-
-
-
127
income
-
-
-
12 512
other
-
-
-
186
health
-
-
-
1 093
pensions
-
-
-
2 085
total
-
-
-
16 003
Employee
17 084
-
43 680
-
pensions
1 924
-
3 823
-
income
2 344
-
8 463
-
health
1 956
-
5 001
-
total
6 224
-
17 287
-
Employer
17 084
-
43 680
-
pensions
2 778
-
5 520
-
accident
285
-
729
-
unemployment
419
-
1 070
-
total
3 482
-
7 319
-
Corporate
30 435
51 000
-
-
income

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

27 391
45 900
-
-
total
27 391
45 900
-
-
Dividends
3 043
5 100
-
-
withholding
578
969
-
-
total
578
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
37 675
46 869
24 606
16 003
After tax
13 325
4 131
26 394
34 997
Living cost
10 860
10 860
10 860
10 860
Free-cash
2 465
-6 729
15 534
24 137

Estimated living cost  is ₴10860 per week

₴7905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴619
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2132
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14854
₴10034
₴17098
₴13960
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
51 000
health
-
-
-
580
municipal
-
-
-
9 076
national
-
-
-
5 321
total
-
-
-
14 977
Employee
25 934
-
42 904
-
municipal
4 248
-
7 004
-
unemployment
389
-
644
-
pensions
1 750
-
2 896
-
national
428
-
2 946
-
health
194
-
455
-
total
7 009
-
13 945
-
Employer
25 934
-
42 904
-
health
199
-
330
-
pensions
4 499
-
7 444
-
accident
26
-
43
-
unemployment
168
-
279
-
total
4 892
-
8 096
-
Corporate
20 172
51 000
-
-
income
4 035
10 200
-
-
total
4 035
10 200
-
-
Dividends

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

12 103
30 600
-
-
municipal
2 179
5 508
-
-
national
-
1 513
-
-
total
2 179
7 021
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 115
17 221
22 041
14 977
After tax
32 885
33 779
28 959
36 023
Living cost
18 925
18 925
18 925
18 925
Free-cash
13 960
14 854
10 034
17 098

Estimated living cost  is ₴18925 per week

₴12362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1820
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.
₴4442
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25907
₴24482
₴24534
₴23226
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 797
social contributions
-
-
-
7 956
health
-
-
-
1 300
total
-
-
-
15 053
Employee
37 904
37 904
46 300
-
social contributions
1 433
3 146
3 843
-
income
4 127
3 509
5 775
-
health
294
645
787
-
total
5 854
7 300
10 405
-
Employer
37 904
37 904
46 300
-
health
319
702
857
-
social contributions
1 433
3 146
3 843
-
total
1 752
3 848
4 700
-
Corporate
31 981
9 248
-
-
income
3 998
1 156
-
-
total
3 998
1 156
-
-
Dividends
27 983
8 092
-
-
withholding
4 757
1 376
-
-
total
4 757
1 376
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 361
13 680
15 105
15 053
After tax
34 639
37 320
35 895
35 947
Living cost
11 413
11 413
11 413
11 413
Free-cash
23 226
25 907
24 482
24 534

Estimated living cost  is ₴11413 per week

₴6840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34407
₴23625
₴33347
₴31899
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
51 000
income
-
-
-
4 893
unemployment
-
-
-
14
health
-
-
-
1 784
pensions
-
-
-
3 136
total
-
-
-
9 827
Employee

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

11 315
-
46 238
-
unemployment
56
-
231
-
pensions
1 697
-
6 935
-
income
774
-
3 691
-
health
962
-
3 930
-
total
3 489
-
14 787
-
Employer

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

11 315
-
46 238
-
health
486
-
1 988
-
pensions
622
-
2 543
-
unemployment
56
-
231
-
total
1 164
-
4 762
-
Corporate
38 521
51 000
-
-
income
3 467
4 590
-
-
total
3 467
4 590
-
-
Dividends
35 054
46 410
-
-
withholding
3 155
4 177
-
-
total
3 155
4 177
-
-
Income
51 000
51 000
51 000
51 000
Total tax
11 275
8 767
19 549
9 827
After tax
39 725
42 233
31 451
41 173
Living cost
7 826
7 826
7 826
7 826
Free-cash
31 899
34 407
23 625
33 347

Estimated living cost  is ₴7826 per week

₴4993
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴564
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20804
₴13282
₴13959
₴18217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
accident
-
-
-
412
income
-
-
-
9 778
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 930
total
-
-
-
23 486
Employee
18 227
-
38 671
-
other
18
-
38
-
unemployment
283
-
600
-
pensions
857
-
1 818
-
income
3 514
-
9 378
-
total
4 672
-
11 834
-
Employer
18 227
-
38 671
-
pensions
4 301
-
9 126
-
accident
361
-
766
-
unemployment
1 003
-
2 127
-
other
146
-
310
-
total
5 811
-
12 329
-
Corporate
26 962
51 000
-
-
income

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

4 044
7 650
-
-
total
4 044
7 650
-
-
Dividends
22 918
43 350
-
-
withholding
4 701
8 991
-
-
total
4 701
8 991
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 228
16 641
24 163
23 486
After tax
31 772
34 359
26 837
27 514
Living cost
13 555
13 555
13 555
13 555
Free-cash
18 217
20 804
13 282
13 959

Estimated living cost  is ₴13555 per week

₴9150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1303
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30865
₴31559
₴31628
₴30707
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
17 206
health
-
-
-
507
pensions
-
-
-
700
total
-
-
-
18 413
Employee
1 461
-
50 213
-
unemployment
15
-
35
-
pensions
131
-
315
-
income
283
-
17 170
-
health
73
-
175
-
total
502
-
17 695
-
Employer
1 461
-
50 213
-
health
139
-
332
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
787
-
Corporate
49 210
51 000
-
-
income
10 826
11 220
-
-
total
10 826
11 220
-
-
Dividends
38 384
39 780
-
-
withholding
7 677
7 956
-
-
total
7 677
7 956
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 334
19 176
18 482
18 413
After tax
31 666
31 824
32 518
32 587
Living cost
959
959
959
959
Free-cash
30 707
30 865
31 559
31 628

Estimated living cost  is ₴959 per week

₴570
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴289
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28324
₴18665
₴18665
₴25901
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
51 000
income
-
-
-
10 044
unemployment
-
-
-
546
health
-
-
-
3 752
pensions
-
-
-
9 470
total
-
-
-
23 812
Employee

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

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

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

12 853
-
44 480
-
unemployment
96
-
273
-
pensions
1 799
-
5 099
-
income
1 772
-
10 044
-
health
662
-
1 876
-
total
4 329
-
17 292
-
Employer

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

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

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

12 853
-
44 480
-
health
662
-
1 876
-
pensions
1 542
-
4 371
-
unemployment
96
-
273
-
total
2 300
-
6 520
-
Corporate
35 847
51 000
-
-
income
5 377
7 650
-
-
total
5 377
7 650
-
-
Dividends
30 470
43 350
-
-
withholding
4 570
6 503
-
-
total
4 570
6 503
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 576
14 153
23 812
23 812
After tax
34 424
36 847
27 188
27 188
Living cost
8 523
8 523
8 523
8 523
Free-cash
25 901
28 324
18 665
18 665

Estimated living cost  is ₴8523 per week

₴5739
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1879
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15720
₴12456
₴15150
₴15543
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
51 000
income
-
-
-
4 838
surtax
-
-
-
-
social contributions

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

-
-
-
17 723
total
-
-
-
22 561
Employee
19 132
-
41 212
-
surtax
-
-
-
-
social contributions
2 105
-
4 533
-
income
3 738
-
10 934
-
total
5 843
-
15 467
-
Employer
19 132
-
41 212
-
social contributions
4 543
-
9 788
-
total
4 543
-
9 788
-
Corporate
27 325
51 000
-
-
income
5 738
10 710
-
-
surtax
-
-
-
-
total
5 738
10 710
-
-
Dividends
21 587
40 290
-
-
withholding
6 044
11 281
-
-
total
6 044
11 281
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 168
21 991
25 255
22 561
After tax
28 832
29 009
25 745
28 439
Living cost
13 289
13 289
13 289
13 289
Free-cash
15 543
15 720
12 456
15 150

Estimated living cost  is ₴13289 per week

₴9412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴923
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2718
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17035
₴9513
₴10190
₴13276
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
accident
-
-
-
412
income
-
-
-
9 778
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 930
total
-
-
-
23 486
Employee
23 807
-
38 671
-
other
23
-
38
-
unemployment
369
-
600
-
pensions
1 119
-
1 818
-
income
4 972
-
9 378
-
total
6 483
-
11 834
-
Employer
23 807
-
38 671
-
pensions
5 618
-
9 126
-
accident
471
-
766
-
unemployment
1 310
-
2 127
-
other
191
-
310
-
total
7 590
-
12 329
-
Corporate
19 603
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.

2 940
7 650
-
-
total
2 940
7 650
-
-
Dividends
16 663
43 350
-
-
withholding
3 387
8 991
-
-
total
3 387
8 991
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 400
16 641
24 163
23 486
After tax
30 600
34 359
26 837
27 514
Living cost
17 324
17 324
17 324
17 324
Free-cash
13 276
17 035
9 513
10 190

Estimated living cost  is ₴17324 per week

₴12441
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3292
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35125
₴31888
₴30273
₴32122
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
7 650
unemployment
-
-
-
69
health
-
-
-
1 980
pensions

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

-
-
-
2 548
total
-
-
-
12 247
Employee
11 229
-
47 622
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

986
-
1 512
-
income
1 123
-
4 762
-
health
517
-
792
-
total
2 749
-
7 255
-
Employer
11 229
-
47 622
-
health
775
-
1 188
-
pensions

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

1 237
-
1 897
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 202
-
3 377
-
Corporate
37 568
51 000
-
-
income
3 757
5 100
-
-
total
3 757
5 100
-
-
Dividends
33 811
45 900
-
-
withholding
1 690
2 295
-
-
total
1 690
2 295
-
-
Income
51 000
51 000
51 000
51 000
Total tax
10 398
7 395
10 632
12 247
After tax
40 602
43 605
40 368
38 753
Living cost
8 480
8 480
8 480
8 480
Free-cash
32 122
35 125
31 888
30 273

Estimated living cost  is ₴8480 per week

₴5609
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7274
₴17060
₴13030
₴13724
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
income

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

-
-
-
10 940
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.

-
-
-
601
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.

-
-
-
3 368
trade
-
-
-
4 030
total
-
-
-
18 939
Employee

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

24 527
-
51 000
-
surtax

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

111
-
601
-
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.

2 017
-
10 940
-
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.

3 368
-
3 368
-
total
5 496
-
14 909
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 473
51 000
-
-
income
3 971
7 650
-
-
surtax

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

218
421
-
-
chamber of commerce
113
150
-
-
trade
3 799
7 319
-
-
total
8 101
15 540
-
-
Dividends
18 372
35 460
-
-
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.

242
477
-
-
withholding
4 406
8 678
-
-
total
4 648
9 155
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 245
24 695
14 909
18 939
After tax
32 755
26 305
36 091
32 061
Living cost
19 031
19 031
19 031
19 031
Free-cash
13 724
7 274
17 060
13 030

Estimated living cost  is ₴19031 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2048
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7620
₴6097
₴6097
₴8708
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
12 252
social contributions
-
-
-
4 571
total
-
-
-
16 823
Employee
38 559
-
51 000
-
income
7 276
-
12 252
-
social contributions
3 203
-
4 571
-
total
10 479
-
16 823
-
Employer
38 559
-
51 000
-
total
-
-
-
-
Corporate
12 441
51 000
-
-
income
1 556
6 375
-
-
total
1 556
6 375
-
-
Dividends
10 886
44 625
-
-
withholding
2 177
8 925
-
-
total
2 177
8 925
-
-
Income
51 000
51 000
51 000
51 000
Total tax
14 212
15 300
16 823
16 823
After tax
36 788
35 700
34 177
34 177
Living cost
28 080
28 080
28 080
28 080
Free-cash
8 708
7 620
6 097
6 097

Estimated living cost  is ₴28080 per week

₴21363
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2288
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.
₴4161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12652
₴19587
₴16052
₴14431
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 032
health

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

-
-
-
3 022
total
-
-
-
17 054
Employee
22 613
-
48 732
-
income
2 454
-
8 983
-
social contributions
2 266
-
2 268
-
total
4 720
-
11 251
-
Employer
22 613
-
48 732
-
social contributions
2 266
-
2 268
-
total
2 266
-
2 268
-
Corporate
26 121
51 000
-
-
income
9 142
17 850
-
-
total
9 142
17 850
-
-
Dividends
16 979
33 150
-
-
social contributions
2 547
2 604
-
-
total
2 547
2 604
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 675
20 454
13 519
17 054
After tax
32 325
30 546
37 481
33 946
Living cost
17 894
17 894
17 894
17 894
Free-cash
14 431
12 652
19 587
16 052

Estimated living cost  is ₴17894 per week

₴11787
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1411
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.
₴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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴19010
₴13712
₴18295
₴17288
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
10 844
pensions
-
-
-
3 697
total
-
-
-
14 541
Employee
24 933
-
44 876
-
pensions
1 903
-
4 296
-
income
4 541
-
7 970
-
health
325
-
734
-
total
6 769
-
13 000
-
Employer
24 933
-
44 876
-
health
474
-
853
-
pensions
2 519
-
5 271
-
total
2 993
-
6 124
-
Corporate
23 074
51 000
-
-
income

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

4 384
9 689
-
-
total
4 384
9 689
-
-
Dividends
18 690
41 311
-
-
withholding
1 402
4 137
-
-
total
1 402
4 137
-
-
Income
51 000
51 000
51 000
51 000
Total tax
15 548
13 826
19 124
14 541
After tax
35 452
37 174
31 876
36 459
Living cost
18 164
18 164
18 164
18 164
Free-cash
17 288
19 010
13 712
18 295

Estimated living cost  is ₴18164 per week

₴12461
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.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3805
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7804
₴14459
₴23062
₴2299
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
accident
-
-
-
127
income
-
-
-
12 512
other
-
-
-
186
health
-
-
-
1 093
pensions
-
-
-
2 085
total
-
-
-
16 003
Employee
18 775
-
43 680
-
pensions
2 114
-
3 823
-
income
2 576
-
8 463
-
health
2 150
-
5 001
-
total
6 840
-
17 287
-
Employer
18 775
-
43 680
-
pensions
3 053
-
5 520
-
accident
314
-
729
-
unemployment
460
-
1 070
-
total
3 827
-
7 319
-
Corporate
28 399
51 000
-
-
income

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

25 559
45 900
-
-
total
25 559
45 900
-
-
Dividends
2 840
5 100
-
-
withholding
540
969
-
-
total
540
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
36 766
46 869
24 606
16 003
After tax
14 234
4 131
26 394
34 997
Living cost
11 935
11 935
11 935
11 935
Free-cash
2 299
-7 804
14 459
23 062

Estimated living cost  is ₴11935 per week

₴8759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴695
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.
₴2240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36267
₴25656
₴22457
₴34306
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
51 000
income
-
-
-
7 868
unemployment
-
-
-
612
work injury
-
-
-
255
health insurance
-
-
-
3 774
pensions
-
-
-
9 384
total
-
-
-
21 893
Employee

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

10 641
-
51 000
-
health insurance
787
-
2 913
-
unemployment
128
-
472
-
work injury
53
-
197
-
pensions
1 958
-
7 244
-
income
1 064
-
7 868
-
total
3 990
-
18 694
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 359
51 000
-
-
income

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

-
510
-
-
total
-
510
-
-
Dividends
40 359
50 490
-
-
withholding
6 054
7 573
-
-
total
6 054
7 573
-
-
Income
51 000
51 000
51 000
51 000
Total tax
10 044
8 083
18 694
21 893
After tax
40 956
42 917
32 306
29 107
Living cost
6 650
6 650
6 650
6 650
Free-cash
34 306
36 267
25 656
22 457

Estimated living cost  is ₴6650 per week

₴4120
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7226
₴3585
₴5918
₴4984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
social contributions
-
-
-
13 117
regional
-
-
-
1 034
municipal
-
-
-
341
national
-
-
-
10 953
total
-
-
-
25 445
Employee
41 538
-
51 000
-
municipal
248
-
304
-
national
7 020
-
9 403
-
regional
627
-
874
-
social contributions
14 006
-
17 197
-
total
21 901
-
27 778
-
Employer
41 538
-
51 000
-
total
-
-
-
-
Corporate
9 462
51 000
-
-
municipal
456
2 458
-
-
nationa
2 271
12 240
-
-
total
2 727
14 698
-
-
Dividends
6 734
36 301
-
-
withholding
1 751
9 439
-
-
total
1 751
9 439
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 379
24 137
27 778
25 445
After tax
24 621
26 863
23 222
25 555
Living cost
19 637
19 637
19 637
19 637
Free-cash
4 984
7 226
3 585
5 918

Estimated living cost  is ₴19637 per week

₴13794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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