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
₴12790
₴17528
₴16433
₴21329
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
trade
-
-
-
4 896
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.

-
-
-
13 054
health

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

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

-
-
-
2 926
surtax

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

-
-
-
718
total
-
-
-
21 594
Employee

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

16 382
-
51 000
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
718
-
income

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

458
-
13 054
-
total
3 409
-
16 698
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 618
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.

285
421
-
-
income
5 193
7 650
-
-
trade
5 452
8 032
-
-
chamber of commerce
115
138
-
-
total
11 045
16 241
-
-
Dividends
23 573
34 759
-
-
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.

315
469
-
-
withholding
5 730
8 527
-
-
total
6 045
8 996
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 499
25 237
16 698
21 594
After tax
30 501
25 763
34 302
29 406
Living cost
12 973
12 973
12 973
12 973
Free-cash
17 528
12 790
21 329
16 433

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₴10181
₴9820
₴8881
₴9281
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
5 416
pensions
-
-
-
6 120
national
-
-
-
8 392
social contributions
-
-
-
548
total
-
-
-
20 476
Employee
33 550
-
44 089
-
municipal
4 144
-
5 613
-
pensions
1 342
-
1 764
-
national
6 422
-
8 698
-
total
11 908
-
16 075
-
Employer
33 550
-
44 089
-
social contributions
361
-
474
-
pensions
2 684
-
3 527
-
total
3 045
-
4 001
-
Corporate
12 190
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%.

2 438
10 200
-
-
total
2 438
10 200
-
-
Dividends
9 752
40 800
-
-
withholding
2 146
8 976
-
-
total
2 146
8 976
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 537
19 176
20 076
20 476
After tax
31 463
31 824
30 924
30 524
Living cost
21 643
21 643
21 643
21 643
Free-cash
9 820
10 181
9 281
8 881

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Riga , Latvia
₴31889
₴28375
₴18221
₴19742
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
51 000
microenterprise
-
-
-
-
income
-
-
-
7 471
surtax
-
-
-
-
social contributions

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

-
-
-
16 397
total
-
-
-
23 868
Employee
12 515
-
41 099
-
social contributions

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

1 377
-
4 521
-
surtax
-
-
-
-
income
2 228
-
7 925
-
total
3 605
-
12 446
-
Employer
12 515
-
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.

3 015
-
9 901
-
surtax
-
-
-
-
total
3 015
-
9 901
-
Corporate
35 470
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%.

7 094
10 200
-
-
total
7 094
10 200
-
-
Dividends

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

28 376
40 800
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
13 714
10 200
22 347
23 868
After tax
37 286
40 800
28 653
27 132
Living cost
8 911
8 911
8 911
8 911
Free-cash
28 375
31 889
19 742
18 221

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴6943
₴4318
₴11275
₴9289
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
11 482
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
21 782
Employee
36 576
36 576
43 401
-
health
5 614
4 775
5 165
-
income

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

5 987
5 987
5 987
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
16 170
-
Employer
36 576
36 576
43 401
-
unemployment
1 317
1 317
1 562
-
pensions
2 546
2 546
3 020
-
health
2 542
2 542
3 016
-
total
6 405
6 405
7 598
-
Corporate
8 468
8 019
-
-
income
1 694
1 604
-
-
total
1 694
1 604
-
-
Dividends
6 774
6 415
-
-
income
1 439
1 363
-
-
withholding
1 016
962
-
-
total
2 455
2 325
-
-
Income
51 000
51 000
51 000
51 000
Total tax
28 739
26 114
23 768
21 782
After tax
22 261
24 886
27 232
29 218
Living cost
17 943
17 943
17 943
17 943
Free-cash
4 318
6 943
9 289
11 275

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴11298
₴10927
₴10620
₴10174
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
12 075
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 214
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
1 250
total
-
-
-
23 832
Employee
23 580
-
39 605
-
municipal
7 032
-
11 810
-
national
-
-
1 072
-
total
7 032
-
12 882
-
Employer
23 580
-
39 605
-
accident
47
-
73
-
other
2 740
-
4 214
-
unemployment
622
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 408
-
11 396
-
Corporate
20 011
51 000
-
-
income
4 402
11 220
-
-
total
4 402
11 220
-
-
Dividends
15 609
39 780
-
-
withholding
4 683
11 934
-
-
total
4 683
11 934
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 525
23 154
24 278
23 832
After tax
27 475
27 846
26 722
27 168
Living cost
16 548
16 548
16 548
16 548
Free-cash
10 927
11 298
10 174
10 620

Estimated living cost  is ₴16548 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
₴8674
₴14693
₴12363
₴17476
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
trade
-
-
-
5 113
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.

-
-
-
13 054
health

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

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

-
-
-
2 926
surtax

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

-
-
-
718
total
-
-
-
21 811
Employee

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

21 721
-
51 000
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
718
-
income

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

1 866
-
13 054
-
total
4 894
-
16 698
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 279
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.

241
421
-
-
income
4 392
7 650
-
-
trade
4 817
8 390
-
-
chamber of commerce
106
137
-
-
total
9 556
16 598
-
-
Dividends
19 723
34 402
-
-
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.

263
464
-
-
withholding
4 768
8 438
-
-
total
5 031
8 902
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 481
25 500
16 698
21 811
After tax
31 519
25 500
34 302
29 189
Living cost
16 826
16 826
16 826
16 826
Free-cash
14 693
8 674
17 476
12 363

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Hamburg model

Close
Limassol , Cyprus
₴23393
₴21618
₴21891
₴21336
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 987
health
-
-
-
1 300
social contributions
-
-
-
6 930
total
-
-
-
15 217
Employee
32 935
32 935
46 454
-
social contributions
1 600
2 733
3 687
-
health
328
560
790
-
income
3 458
3 049
6 749
-
total
5 386
6 342
11 226
-
Employer
32 935
32 935
46 454
-
social contributions
1 600
2 733
3 687
-
health
357
610
859
-
total
1 957
3 343
4 546
-
Corporate
29 764
14 722
-
-
income
3 720
1 840
-
-
total
3 720
1 840
-
-
Dividends
26 044
12 882
-
-
withholding
4 427
2 190
-
-
total
4 427
2 190
-
-
Income
51 000
51 000
51 000
51 000
Total tax
15 490
13 715
15 772
15 217
After tax
35 510
37 285
35 228
35 783
Living cost
13 892
13 892
13 892
13 892
Free-cash
21 618
23 393
21 336
21 891

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴20917
₴21079
₴27547
₴21783
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
5 100
unemployment
-
-
-
765
health
-
-
-
3 570
total
-
-
-
15 670
Employee

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

The minimum wage is 138,000 HUF per month.

11 234
4 471
42 678
-
health
786
313
2 987
-
income
1 373
547
5 217
-
pensions
1 123
447
4 268
-
unemployment
169
67
640
-
total
3 451
1 374
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.

11 234
4 471
42 678
-
pensions
2 191
872
8 322
-
total
2 191
872
8 322
-
Corporate
37 575
45 657
-
-
income
3 382
4 109
-
-
total
3 382
4 109
-
-
Dividends
34 193
41 548
-
-
social contributions
6 617
8 051
-
-
withholding
6 497
7 894
-
-
total
13 114
15 945
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 138
22 300
21 434
15 670
After tax
28 862
28 700
29 566
35 330
Living cost
7 783
7 783
7 783
7 783
Free-cash
21 079
20 917
21 783
27 547

Estimated living cost  is ₴7783 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
₴30455
₴27794
₴16991
₴19051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
6 834
pensions
-
-
-
10 200
health
-
-
-
6 630
total
-
-
-
23 664
Employee
12 151
-
38 117
-
income
1 368
-
7 349
-
pensions
243
-
762
-
unemployment
194
-
610
-
total
1 805
-
8 721
-
Employer
12 151
-
38 117
-
unemployment
98
-
305
-
pensions
2 430
-
7 623
-
health
1 579
-
4 955
-
total
4 107
-
12 883
-
Corporate
34 742
51 000
-
-
income
6 949
10 200
-
-
total
6 949
10 200
-
-
Dividends
27 794
40 800
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
12 861
10 200
21 604
23 664
After tax
38 139
40 800
29 396
27 336
Living cost
10 345
10 345
10 345
10 345
Free-cash
27 794
30 455
19 051
16 991

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴5235
₴2695
₴25584
₴17492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
13 085
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
16 050
Employee
14 734
-
44 477
-
health
1 687
-
5 093
-
income
2 021
-
9 277
-
pensions
1 659
-
3 248
-
total
5 367
-
17 618
-
Employer
14 734
-
44 477
-
accident
246
-
743
-
unemployment
361
-
1 090
-
pensions
2 396
-
4 691
-
total
3 003
-
6 524
-
Corporate
33 263
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.

29 937
45 900
-
-
total
29 937
45 900
-
-
Dividends
3 326
5 100
-
-
withholding
632
969
-
-
total
632
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
38 939
46 869
24 142
16 050
After tax
12 061
4 131
26 858
34 950
Living cost
9 366
9 366
9 366
9 366
Free-cash
2 695
-5 235
17 492
25 584

Estimated living cost  is ₴9366 per week

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

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴44597
₴43875
₴46637
₴36947
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 817
-
51 000
-
income
963
-
10 200
-
total
963
-
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%.

46 183
51 000
-
-
total
-
-
-
-
Dividends
46 183
51 000
-
-
withholding
2 309
2 550
-
-
total
2 309
2 550
-
-
Income
51 000
51 000
51 000
51 000
Total tax
3 272
2 550
10 200
510
After tax
47 728
48 450
40 800
50 490
Living cost
3 853
3 853
3 853
3 853
Free-cash
43 875
44 597
36 947
46 637

Estimated living cost  is ₴3853 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴26057
₴23166
₴15970
₴18080
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 711
pensions

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

-
-
-
12 240
other
-
-
-
2 422
health
-
-
-
2 244
total
-
-
-
23 617
Employee
15 552
-
40 734
-
health
218
-
571
-
income
2 677
-
7 414
-
pensions

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

1 088
-
2 851
-
unemployment
155
-
407
-
total
4 138
-
11 243
-
Employer
15 552
-
40 734
-
accident
124
-
326
-
other
778
-
2 036
-
unemployment
155
-
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.

2 644
-
6 924
-
health
218
-
571
-
total
3 919
-
10 264
-
Corporate
31 529
51 000
-
-
income
6 621
10 710
-
-
total
6 621
10 710
-
-
Dividends
24 908
40 290
-
-
withholding
1 743
2 820
-
-
total
1 743
2 820
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 421
13 530
21 507
23 617
After tax
34 579
37 470
29 493
27 383
Living cost
11 413
11 413
11 413
11 413
Free-cash
23 166
26 057
18 080
15 970

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴7304
₴3564
₴6931
₴2178
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
11 951
pensions
-
-
-
3 373
total
-
-
-
15 324
Employee
40 669
-
44 780
-
health
670
-
745
-
income
7 331
-
8 783
-
pensions
3 923
-
4 329
-
total
11 924
-
13 857
-
Employer
40 669
-
44 780
-
pensions
4 802
-
5 369
-
health
772
-
851
-
total
5 574
-
6 220
-
Corporate
4 756
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.

904
9 690
-
-
total
904
9 690
-
-
Dividends
3 852
41 310
-
-
withholding
289
5 261
-
-
total
289
5 261
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 691
14 951
20 077
15 324
After tax
32 309
36 049
30 923
35 676
Living cost
28 745
28 745
28 745
28 745
Free-cash
3 564
7 304
2 178
6 931

Estimated living cost  is ₴28745 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₴37986
₴35995
₴33733
₴35469
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
11 648
Employee
7 440
-
48 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
4 806
-
pensions

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

653
-
1 314
-
total
1 821
-
6 974
-
Employer
7 440
-
48 063
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
42 100
51 000
-
-
income
4 210
5 100
-
-
total
4 210
5 100
-
-
Dividends
37 890
45 900
-
-
withholding
1 895
2 295
-
-
total
1 895
2 295
-
-
Income
51 000
51 000
51 000
51 000
Total tax
9 386
7 395
9 912
11 648
After tax
41 614
43 605
41 088
39 352
Living cost
5 619
5 619
5 619
5 619
Free-cash
35 995
37 986
35 469
33 733

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
₴1135
₴2213
₴5467
₴3481
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
11 482
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
21 782
Employee
39 710
36 576
43 401
-
health
4 954
4 775
5 165
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
16 170
-
Employer
39 710
36 576
43 401
-
unemployment
1 430
1 317
1 562
-
pensions
2 764
2 546
3 020
-
health
2 759
2 542
3 016
-
total
6 953
6 405
7 598
-
Corporate
4 337
8 019
-
-
income
867
1 604
-
-
total
867
1 604
-
-
Dividends
3 470
6 415
-
-
income
737
1 363
-
-
withholding
520
962
-
-
total
1 257
2 325
-
-
Income
51 000
51 000
51 000
51 000
Total tax
25 036
26 114
23 768
21 782
After tax
25 964
24 886
27 232
29 218
Living cost
23 751
23 751
23 751
23 751
Free-cash
2 213
1 135
3 481
5 467

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴24856
₴21196
₴14693
₴15623
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 403
health
-
-
-
6 885
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 761
total
-
-
-
26 049
Employee
15 086
-
38 060
-
social contributions
981
-
2 474
-
health
2 037
-
5 138
-
solidarity contribution
-
-
-
-
income
1 810
-
4 567
-
total
4 828
-
12 179
-
Employer
15 086
-
38 060
-
social contributions
3 771
-
9 515
-
health
1 358
-
3 425
-
total
5 129
-
12 940
-
Corporate
30 785
51 000
-
-
income
5 849
9 690
-
-
total
5 849
9 690
-
-
Dividends
24 936
41 310
-
-
withholding
3 740
6 196
-
-
total
3 740
6 196
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 546
15 886
25 119
26 049
After tax
31 454
35 114
25 881
24 951
Living cost
10 258
10 258
10 258
10 258
Free-cash
21 196
24 856
15 623
14 693

Estimated living cost  is ₴10258 per week

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

Source of data for Brno model

Close
Milan , Italy
₴9138
₴6900
₴7526
₴5098
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
303
regional
-
-
-
577
national
-
-
-
11 404
social contributions
-
-
-
13 117
total
-
-
-
25 401
Employee
38 066
-
51 000
-
social contributions
12 836
-
17 197
-
regional
359
-
507
-
municipal
202
-
271
-
national
6 596
-
9 854
-
total
19 993
-
27 829
-
Employer
38 066
-
51 000
-
total
-
-
-
-
Corporate
12 934
51 000
-
-
nationa
3 104
12 240
-
-
municipal
505
1 989
-
-
total
3 609
14 229
-
-
Dividends
9 325
36 771
-
-
withholding
2 425
9 560
-
-
total
2 425
9 560
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 027
23 789
27 829
25 401
After tax
24 973
27 211
23 171
25 599
Living cost
18 073
18 073
18 073
18 073
Free-cash
6 900
9 138
5 098
7 526

Estimated living cost  is ₴18073 per week

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

Source of data for Milan model

Close
Thessaloniki , Greece
₴22628
₴21295
₴15537
₴14700
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 672
pensions
-
-
-
10 200
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 621
surtax
-
-
-
1 421
total
-
-
-
26 012
Employee
14 164
-
42 131
-
other
-
-
-
-
health
362
-
1 074
-
surtax
46
-
1 288
-
income
2 374
-
9 876
-
pensions
944
-
2 810
-
unemployment
986
-
2 933
-
total
4 712
-
17 981
-
Employer
14 164
-
42 131
-
other
-
-
-
-
unemployment
449
-
1 335
-
pensions
1 888
-
5 616
-
health
645
-
1 917
-
total
2 982
-
8 868
-
Corporate
33 855
51 000
-
-
income
8 802
13 260
-
-
total
8 802
13 260
-
-
Dividends
25 053
37 740
-
-
withholding
3 758
5 661
-
-
total
3 758
5 661
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 254
18 921
26 849
26 012
After tax
30 746
32 079
24 151
24 988
Living cost
9 451
9 451
9 451
9 451
Free-cash
21 295
22 628
14 700
15 537

Estimated living cost  is ₴9451 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴16411
₴15193
₴16038
₴11285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
11 951
pensions
-
-
-
3 373
total
-
-
-
15 324
Employee
27 256
-
44 780
-
health
396
-
745
-
income
4 909
-
8 783
-
pensions
2 313
-
4 329
-
total
7 618
-
13 857
-
Employer
27 256
-
44 780
-
pensions
2 950
-
5 369
-
health
518
-
851
-
total
3 468
-
6 220
-
Corporate
20 276
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.

3 852
9 690
-
-
total
3 852
9 690
-
-
Dividends
16 424
41 310
-
-
withholding
1 231
5 261
-
-
total
1 231
5 261
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 169
14 951
20 077
15 324
After tax
34 831
36 049
30 923
35 676
Living cost
19 638
19 638
19 638
19 638
Free-cash
15 193
16 411
11 285
16 038

Estimated living cost  is ₴19638 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴9051
₴4799
₴9810
₴7279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
538
pensions
-
-
-
4 693
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
-
-
-
1 987
health
-
-
-
115
national
-
-
-
465
total
-
-
-
8 818
Employee
37 883
-
45 647
-
city
407
-
491
-
regional
1 240
-
1 709
-
health
86
-
103
-
pensions
3 183
-
3 835
-
unemployment
-
-
-
-
national
179
-
360
-
total
5 095
-
6 498
-
Employer
37 883
-
45 647
-
other

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

757
-
913
-
unemployment
-
-
-
-
pensions
3 183
-
3 835
-
health
86
-
103
-
total
4 026
-
4 851
-
Corporate
8 674
51 000
-
-
regional
1 835
10 786
-
-
national
737
4 335
-
-
total
2 572
15 121
-
-
Dividends
6 102
35 879
-
-
withholding
2 136
12 558
-
-
total
2 136
12 558
-
-
Income
51 000
51 000
51 000
51 000
Total tax
13 829
27 679
11 349
8 818
After tax
37 171
23 321
39 651
42 182
Living cost
32 372
32 372
32 372
32 372
Free-cash
4 799
-9 051
7 279
9 810

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Source of data for Zurich model

Close
Munich , Germany
₴5617
₴12562
₴9350
₴14681
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
trade
-
-
-
5 331
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.

-
-
-
13 054
health

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

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

-
-
-
2 926
surtax

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

-
-
-
718
total
-
-
-
22 029
Employee

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

25 741
-
51 000
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
718
-
income

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

3 027
-
13 054
-
total
6 120
-
16 698
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
25 259
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.

208
421
-
-
income
3 788
7 650
-
-
trade
4 332
8 747
-
-
chamber of commerce
101
137
-
-
total
8 429
16 955
-
-
Dividends
16 830
34 046
-
-
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.

223
459
-
-
withholding
4 045
8 348
-
-
total
4 268
8 807
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 817
25 762
16 698
22 029
After tax
32 183
25 238
34 302
28 971
Living cost
19 621
19 621
19 621
19 621
Free-cash
12 562
5 617
14 681
9 350

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Munich model

Close
Nice , France
₴11051
₴13581
₴14482
₴16086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 013
pensions
-
-
-
11 424
other
-
-
-
1 581
health
-
-
-
1 393
surtax
-
-
-
-
social contributions
-
-
-
1 453
total
-
-
-
21 864
Employee
18 331
-
40 836
-
social contributions
523
-
1 164
-
surtax
-
-
-
-
income
1 082
-
6 679
-
pensions
2 073
-
2 252
-
total
3 678
-
10 095
-
Employer
18 331
-
40 836
-
other
632
-
1 409
-
social contributions
55
-
123
-
unemployment
742
-
1 654
-
pensions
3 011
-
3 896
-
health
1 283
-
3 083
-
total
5 723
-
10 165
-
Corporate
26 944
51 000
-
-
surtax
-
-
-
-
income
7 544
14 280
-
-
total
7 544
14 280
-
-
Dividends
19 400
36 720
-
-
surtax
-
-
-
-
social contributions
3 337
6 315
-
-
withholding
2 483
4 700
-
-
total
5 820
11 015
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 765
25 295
20 260
21 864
After tax
28 235
25 705
30 740
29 136
Living cost
14 654
14 654
14 654
14 654
Free-cash
13 581
11 051
16 086
14 482

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Marseille , France
₴12503
₴14880
₴15934
₴17538
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 013
pensions
-
-
-
11 424
other
-
-
-
1 581
health
-
-
-
1 393
surtax
-
-
-
-
social contributions
-
-
-
1 453
total
-
-
-
21 864
Employee
16 363
-
40 836
-
social contributions
467
-
1 164
-
surtax
-
-
-
-
income
844
-
6 679
-
pensions
1 851
-
2 252
-
total
3 162
-
10 095
-
Employer
16 363
-
40 836
-
other
565
-
1 409
-
social contributions
49
-
123
-
unemployment
662
-
1 654
-
pensions
2 689
-
3 896
-
health
1 145
-
3 083
-
total
5 110
-
10 165
-
Corporate
29 527
51 000
-
-
surtax
-
-
-
-
income
8 268
14 280
-
-
total
8 268
14 280
-
-
Dividends
21 259
36 720
-
-
surtax
-
-
-
-
social contributions
3 657
6 315
-
-
withholding
2 721
4 700
-
-
total
6 378
11 015
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 918
25 295
20 260
21 864
After tax
28 082
25 705
30 740
29 136
Living cost
13 202
13 202
13 202
13 202
Free-cash
14 880
12 503
17 538
15 934

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Vilnius , Lithuania
₴22033
₴22254
₴23670
₴23337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 560
social contributions
-
-
-
7 038
total
-
-
-
18 248
Employee
14 522
-
51 000
-
social contributions
2 004
-
7 038
-
health
1 014
-
3 560
-
income
2 422
-
7 983
-
total
5 440
-
18 581
-
Employer
14 522
-
51 000
-
total
-
-
-
-
Corporate
36 478
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%.

1 824
2 550
-
-
total
1 824
2 550
-
-
Dividends
34 654
48 450
-
-
health
2 419
3 382
-
-
social contributions
4 783
6 686
-
-
withholding
5 198
7 267
-
-
total
12 400
17 335
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 664
19 885
18 581
18 248
After tax
31 336
31 115
32 419
32 752
Living cost
9 082
9 082
9 082
9 082
Free-cash
22 254
22 033
23 337
23 670

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴13359
₴12697
₴10207
-₴672
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
chamber of commerce
-
-
-
204
income
-
-
-
9 701
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
85
total
-
-
-
25 701
Employee
21 405
17 069
39 537
-
other
214
171
395
-
health
828
661
1 530
-
income
2 437
1 259
8 478
-
pensions
2 192
1 748
4 049
-
unemployment
642
512
1 186
-
total
6 313
4 351
15 638
-
Employer
21 405
17 069
39 537
-
accident
278
222
514
-
other
1 017
810
1 878
-
chamber of commerce
85
68
158
-
unemployment
642
512
1 186
-
surtax
85
85
85
-
pensions
2 686
2 143
4 962
-
payroll
642
512
1 186
-
health
809
645
1 495
-
total
6 244
4 997
11 464
-
Corporate
23 351
28 934
37 911
-
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.

5 838
7 233
9 478
-
total
5 838
7 233
9 478
-
Dividends
17 513
21 701
-
-
withholding
4 816
5 968
-
-
total
4 816
5 968
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 211
22 549
36 580
25 701
After tax
27 789
28 451
14 420
25 299
Living cost
15 092
15 092
15 092
15 092
Free-cash
12 697
13 359
-672
10 207

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Vienna model

Close
Brussels , Belgium
₴12956
₴6532
₴7443
₴3704
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
17 208
communal

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

-
-
-
2 570
social contributions
-
-
-
8 162
total
-
-
-
27 940
Employee

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

30 637
-
39 500
-
communal

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

1 598
-
2 060
-
health

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

1 439
-
1 856
-
pensions

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

2 298
-
2 963
-
unemployment

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

267
-
344
-
national
9 419
-
12 957
-
total
15 021
-
20 180
-
Employer

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

30 637
-
39 500
-
accident

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

398
-
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.

447
-
577
-
surtax
3 474
-
4 479
-
pensions

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

2 715
-
3 500
-
health

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

1 884
-
2 429
-
total
8 918
-
11 499
-
Corporate
11 444
51 000
-
-
surtax
46
204
-
-
income
2 289
10 200
-
-
total
2 335
10 404
-
-
Dividends
9 110
40 596
-
-
withholding

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

2 577
12 023
-
-
total
2 577
12 023
-
-
Income
51 000
51 000
51 000
51 000
Total tax
28 851
22 427
31 679
27 940
After tax
22 149
28 573
19 321
23 060
Living cost
15 617
15 617
15 617
15 617
Free-cash
6 532
12 956
3 704
7 443

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Barcelona , Spain
₴18822
₴15464
₴12652
₴10843
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
358
income
-
-
-
10 969
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
22 880
Employee
21 320
-
38 671
-
other
21
-
39
-
income
4 498
-
9 906
-
pensions
1 002
-
1 817
-
unemployment
331
-
599
-
total
5 852
-
12 361
-
Employer
21 320
-
38 671
-
accident
422
-
766
-
other
170
-
309
-
unemployment
1 173
-
2 127
-
pensions
5 031
-
9 126
-
total
6 796
-
12 328
-
Corporate
22 884
51 000
-
-
income

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

3 432
7 650
-
-
total
3 432
7 650
-
-
Dividends
19 451
43 350
-
-
withholding
3 988
9 060
-
-
total
3 988
9 060
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 068
16 710
24 689
22 880
After tax
30 932
34 290
26 311
28 120
Living cost
15 468
15 468
15 468
15 468
Free-cash
15 464
18 822
10 843
12 652

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴7616
₴3691
₴4662
₴6708
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
430
income
-
-
-
5 651
pensions
-
-
-
7 644
health
-
-
-
3 584
surtax
-
-
-
2 529
communal
-
-
-
3 224
total
-
-
-
23 062
Employee
32 436
-
45 557
-
health
1 444
-
2 027
-
surtax
1 988
-
2 792
-
income
3 133
-
7 108
-
pensions
2 594
-
3 645
-
total
9 159
-
15 572
-
Employer
32 436
-
45 557
-
accident
292
-
410
-
pensions
2 594
-
3 645
-
health
989
-
1 389
-
total
3 875
-
5 444
-
Corporate
14 689
51 000
-
-
surtax
154
536
-
-
communal
992
3 442
-
-
income
2 204
7 650
-
-
total
3 350
11 628
-
-
Dividends
11 339
39 372
-
-
income
5 948
2 574
-
-
withholding
1 701
5 906
-
-
total
7 649
8 480
-
-
Income
51 000
51 000
51 000
51 000
Total tax
24 033
20 108
21 016
23 062
After tax
26 967
30 892
29 984
27 938
Living cost
23 276
23 276
23 276
23 276
Free-cash
3 691
7 616
6 708
4 662

Estimated living cost  is ₴23276 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
₴22459
₴21096
₴15368
₴14531
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 672
pensions
-
-
-
10 200
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 621
surtax
-
-
-
1 421
total
-
-
-
26 012
Employee
14 424
-
42 131
-
other
-
-
-
-
health
368
-
1 074
-
surtax
51
-
1 288
-
income
2 418
-
9 876
-
pensions
962
-
2 810
-
unemployment
1 004
-
2 933
-
total
4 803
-
17 981
-
Employer
14 424
-
42 131
-
other
-
-
-
-
unemployment
458
-
1 335
-
pensions
1 923
-
5 616
-
health
656
-
1 917
-
total
3 037
-
8 868
-
Corporate
33 539
51 000
-
-
income
8 721
13 260
-
-
total
8 721
13 260
-
-
Dividends
24 819
37 740
-
-
withholding
3 723
5 661
-
-
total
3 723
5 661
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 284
18 921
26 849
26 012
After tax
30 716
32 079
24 151
24 988
Living cost
9 620
9 620
9 620
9 620
Free-cash
21 096
22 459
14 531
15 368

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Naples , Italy
₴15269
₴14318
₴13869
₴11454
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
303
regional
-
-
-
769
national
-
-
-
11 404
social contributions
-
-
-
13 117
total
-
-
-
25 593
Employee
23 759
-
51 000
-
social contributions
8 012
-
17 197
-
regional
320
-
686
-
municipal
126
-
271
-
national
3 764
-
9 854
-
total
12 222
-
28 008
-
Employer
23 759
-
51 000
-
total
-
-
-
-
Corporate
27 241
51 000
-
-
nationa
6 538
12 240
-
-
municipal
1 354
2 534
-
-
total
7 892
14 774
-
-
Dividends
19 349
36 226
-
-
withholding
5 030
9 419
-
-
total
5 030
9 419
-
-
Income
51 000
51 000
51 000
51 000
Total tax
25 144
24 193
28 008
25 593
After tax
25 856
26 807
22 992
25 407
Living cost
11 538
11 538
11 538
11 538
Free-cash
14 318
15 269
11 454
13 869

Estimated living cost  is ₴11538 per week

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

Source of data for Naples model

Close
Prague , Czech Republic
₴22473
₴17963
₴12310
₴13240
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 403
health
-
-
-
6 885
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 761
total
-
-
-
26 049
Employee
18 589
-
38 060
-
social contributions
1 208
-
2 474
-
health
2 510
-
5 138
-
solidarity contribution
-
-
-
-
income
2 231
-
4 567
-
total
5 949
-
12 179
-
Employer
18 589
-
38 060
-
social contributions
4 647
-
9 515
-
health
1 673
-
3 425
-
total
6 320
-
12 940
-
Corporate
26 090
51 000
-
-
income
4 957
9 690
-
-
total
4 957
9 690
-
-
Dividends
21 133
41 310
-
-
withholding
3 170
6 196
-
-
total
3 170
6 196
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 396
15 886
25 119
26 049
After tax
30 604
35 114
25 881
24 951
Living cost
12 641
12 641
12 641
12 641
Free-cash
17 963
22 473
13 240
12 310

Estimated living cost  is ₴12641 per week

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

Source of data for Prague model

Close
Graz , Austria
₴14833
₴14620
₴11719
₴773
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
chamber of commerce
-
-
-
204
income
-
-
-
9 701
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 827
surtax
-
-
-
-
total
-
-
-
25 616
Employee
18 723
17 069
39 602
-
other
187
171
396
-
health
724
661
1 533
-
income
1 668
1 259
8 499
-
pensions
1 917
1 748
4 055
-
unemployment
562
512
1 188
-
total
5 058
4 351
15 671
-
Employer
18 723
17 069
39 602
-
accident
243
222
515
-
other
889
810
1 881
-
chamber of commerce
75
68
158
-
unemployment
562
512
1 188
-
surtax
-
-
-
-
pensions
2 350
2 143
4 970
-
payroll
562
512
1 188
-
health
708
645
1 497
-
total
5 389
4 912
11 397
-
Corporate
26 889
29 019
37 976
-
income

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

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

6 722
7 254
9 494
-
total
6 722
7 254
9 494
-
Dividends
20 167
21 764
-
-
withholding
5 546
5 985
-
-
total
5 546
5 985
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 715
22 502
36 562
25 616
After tax
28 285
28 498
14 438
25 384
Living cost
13 665
13 665
13 665
13 665
Free-cash
14 620
14 833
773
11 719

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Source of data for Graz model

Close
Tbilisi , Georgia
₴42445
₴41319
₴44485
₴34795
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 506
-
51 000
-
income
1 501
-
10 200
-
total
1 501
-
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%.

43 494
51 000
-
-
total
-
-
-
-
Dividends
43 494
51 000
-
-
withholding
2 175
2 550
-
-
total
2 175
2 550
-
-
Income
51 000
51 000
51 000
51 000
Total tax
3 676
2 550
10 200
510
After tax
47 324
48 450
40 800
50 490
Living cost
6 005
6 005
6 005
6 005
Free-cash
41 319
42 445
34 795
44 485

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴23625
₴20044
₴14541
₴13077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 563
pensions
-
-
-
9 314
unemployment
-
-
-
76
health
-
-
-
5 018
total
-
-
-
24 971
Employee

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

18 940
-
44 129
-
health
1 223
-
2 851
-
income
3 266
-
9 810
-
pensions
2 936
-
6 840
-
unemployment
27
-
62
-
total
7 452
-
19 563
-
Employer

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

18 940
-
44 129
-
unemployment
11
-
27
-
pensions
1 676
-
3 906
-
health
1 261
-
2 939
-
total
2 948
-
6 872
-
Corporate
29 111
51 000
-
-
income
5 531
9 690
-
-
total
5 531
9 690
-
-
Dividends
23 580
41 310
-
-
withholding
3 537
6 197
-
-
total
3 537
6 197
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 468
15 887
26 435
24 971
After tax
31 532
35 113
24 565
26 029
Living cost
11 488
11 488
11 488
11 488
Free-cash
20 044
23 625
13 077
14 541

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴12532
-₴12915
₴16749
₴26865
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
26 521
-
-
-
social contributions
2 175
-
310
-
income
5 850
-
-
-
total
8 025
-
310
-
Employer
26 521
-
-
-
social contributions
37 394
-
5 329
-
total
37 394
-
5 329
-
Corporate
-
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
45 419
19 972
5 639
15 755
After tax
5 581
31 028
45 361
35 245
Living cost
18 496
18 496
18 496
18 496
Free-cash
-12 915
12 532
26 865
16 749

Estimated living cost  is ₴18496 per week

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

Source of data for Oslo model

Close
Lisbon , Portugal
₴15574
₴15144
₴14693
₴11580
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 150
surtax
-
-
-
-
social contributions

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

-
-
-
17 722
total
-
-
-
22 872
Employee
19 699
-
41 212
-
social contributions
2 167
-
4 533
-
surtax
-
-
-
-
income
4 097
-
11 664
-
total
6 264
-
16 197
-
Employer
19 699
-
41 212
-
social contributions
4 678
-
9 788
-
total
4 678
-
9 788
-
Corporate
26 622
51 000
-
-
surtax
-
-
-
-
income
5 590
10 710
-
-
total
5 590
10 710
-
-
Dividends
21 032
40 290
-
-
withholding
5 889
11 281
-
-
total
5 889
11 281
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 421
21 991
25 985
22 872
After tax
28 579
29 009
25 015
28 128
Living cost
13 435
13 435
13 435
13 435
Free-cash
15 144
15 574
11 580
14 693

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴5018
₴7961
₴8449
₴10053
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 013
pensions
-
-
-
11 424
other
-
-
-
1 581
health
-
-
-
1 393
surtax
-
-
-
-
social contributions
-
-
-
1 453
total
-
-
-
21 864
Employee
26 826
-
40 836
-
social contributions
764
-
1 164
-
surtax
-
-
-
-
income
2 341
-
6 679
-
pensions
3 034
-
2 252
-
total
6 139
-
10 095
-
Employer
26 826
-
40 836
-
other
926
-
1 409
-
social contributions
80
-
123
-
unemployment
1 087
-
1 654
-
pensions
4 408
-
3 896
-
health
1 878
-
3 083
-
total
8 379
-
10 165
-
Corporate
15 796
51 000
-
-
surtax
-
-
-
-
income
4 422
14 280
-
-
total
4 422
14 280
-
-
Dividends
11 373
36 720
-
-
surtax
-
-
-
-
social contributions
1 956
6 315
-
-
withholding
1 456
4 700
-
-
total
3 412
11 015
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 352
25 295
20 260
21 864
After tax
28 648
25 705
30 740
29 136
Living cost
20 687
20 687
20 687
20 687
Free-cash
7 961
5 018
10 053
8 449

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴33025
₴31586
₴25528
₴26883
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 377
social contributions
-
-
-
11 220
total
-
-
-
12 597
Employee
13 770
-
44 155
-
income
-
-
1 527
-
social contributions
895
-
2 870
-
total
895
-
4 397
-
Employer
13 770
-
44 155
-
social contributions
2 134
-
6 845
-
total
2 134
-
6 845
-
Corporate
35 096
51 000
-
-
income
3 510
5 100
-
-
total
3 510
5 100
-
-
Dividends
31 586
45 900
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
6 539
5 100
11 242
12 597
After tax
44 461
45 900
39 758
38 403
Living cost
12 875
12 875
12 875
12 875
Free-cash
31 586
33 025
26 883
25 528

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴42361
-₴42361
₴10512
-₴42361
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
9 897
pensions
-
-
-
371
national
-
-
-
5 533
labour market
-
-
-
4 050
total
-
-
-
19 851
Employee
87 102
87 102
87 102
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 102
87 102
87 102
-
labour market
6 968
6 968
6 968
-
municipal
18 577
18 577
18 577
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 453
36 453
36 453
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
72 724
72 724
72 724
19 851
After tax
-21 724
-21 724
-21 724
31 149
Living cost
20 637
20 637
20 637
20 637
Free-cash
-42 361
-42 361
-42 361
10 512

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Krakow , Poland
-₴5097
₴2716
₴25722
₴17630
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
13 085
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
16 050
Employee
14 517
-
44 477
-
health
1 662
-
5 093
-
income
1 992
-
9 277
-
pensions
1 635
-
3 248
-
total
5 289
-
17 618
-
Employer
14 517
-
44 477
-
accident
242
-
743
-
unemployment
356
-
1 090
-
pensions
2 360
-
4 691
-
total
2 958
-
6 524
-
Corporate
33 525
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.

30 172
45 900
-
-
total
30 172
45 900
-
-
Dividends
3 353
5 100
-
-
withholding
637
969
-
-
total
637
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
39 056
46 869
24 142
16 050
After tax
11 944
4 131
26 858
34 950
Living cost
9 228
9 228
9 228
9 228
Free-cash
2 716
-5 097
17 630
25 722

Estimated living cost  is ₴9228 per week

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

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴16842
₴16743
₴18857
₴11863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
municipal
-
-
-
9 071
health
-
-
-
606
national
-
-
-
6 022
total
-
-
-
15 699
Employee
22 534
-
42 904
-
health
168
-
482
-
municipal
3 691
-
6 999
-
pensions
1 521
-
2 896
-
unemployment
338
-
644
-
national
372
-
3 576
-
total
6 090
-
14 597
-
Employer
22 534
-
42 904
-
accident
23
-
43
-
unemployment
146
-
279
-
pensions
3 910
-
7 444
-
health
173
-
330
-
total
4 252
-
8 096
-
Corporate
24 214
51 000
-
-
income
4 843
10 200
-
-
total
4 843
10 200
-
-
Dividends

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

14 528
30 600
-
-
national
13
2 006
-
-
municipal
2 615
5 508
-
-
total
2 628
7 514
-
-
Income
51 000
51 000
51 000
51 000
Total tax
17 813
17 714
22 693
15 699
After tax
33 187
33 286
28 307
35 301
Living cost
16 444
16 444
16 444
16 444
Free-cash
16 743
16 842
11 863
18 857

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴27368
₴25038
₴25866
₴25311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 987
health
-
-
-
1 300
social contributions
-
-
-
6 930
total
-
-
-
15 217
Employee
32 935
32 935
46 454
-
social contributions
1 245
2 733
3 687
-
health
255
560
790
-
income
3 586
3 049
6 749
-
total
5 086
6 342
11 226
-
Employer
32 935
32 935
46 454
-
social contributions
1 245
2 733
3 687
-
health
277
610
859
-
total
1 522
3 343
4 546
-
Corporate
34 474
14 722
-
-
income
4 309
1 840
-
-
total
4 309
1 840
-
-
Dividends
30 165
12 882
-
-
withholding
5 128
2 190
-
-
total
5 128
2 190
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 045
13 715
15 772
15 217
After tax
34 955
37 285
35 228
35 783
Living cost
9 917
9 917
9 917
9 917
Free-cash
25 038
27 368
25 311
25 866

Estimated living cost  is ₴9917 per week

₴5943
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴35433
₴33253
₴34926
₴26336
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 987
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
9 274
Employee

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

9 831
-
46 814
-
health
836
-
3 454
-
income
672
-
3 925
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
13 678
-
Employer

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

9 831
-
46 814
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
40 157
51 000
-
-
income
3 614
4 590
-
-
total
3 614
4 590
-
-
Dividends
36 543
46 410
-
-
withholding
3 289
4 177
-
-
total
3 289
4 177
-
-
Income
51 000
51 000
51 000
51 000
Total tax
10 947
8 767
17 864
9 274
After tax
40 053
42 233
33 136
41 726
Living cost
6 800
6 800
6 800
6 800
Free-cash
33 253
35 433
26 336
34 926

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴22512
₴20320
₴16342
₴14533
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
358
income
-
-
-
10 969
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
22 880
Employee
15 837
-
38 671
-
other
15
-
39
-
income
3 053
-
9 906
-
pensions
745
-
1 817
-
unemployment
245
-
599
-
total
4 058
-
12 361
-
Employer
15 837
-
38 671
-
accident
314
-
766
-
other
127
-
309
-
unemployment
871
-
2 127
-
pensions
3 737
-
9 126
-
total
5 049
-
12 328
-
Corporate
30 114
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.

4 517
7 650
-
-
total
4 517
7 650
-
-
Dividends
25 597
43 350
-
-
withholding
5 278
9 060
-
-
total
5 278
9 060
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 902
16 710
24 689
22 880
After tax
32 098
34 290
26 311
28 120
Living cost
11 778
11 778
11 778
11 778
Free-cash
20 320
22 512
14 533
16 342

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴30654
₴30461
₴31293
₴31211
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 065
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
18 537
Employee
1 782
-
50 040
-
health
89
-
213
-
income
345
-
17 020
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
17 660
-
Employer
1 782
-
50 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
48 817
51 000
-
-
income
10 740
11 220
-
-
total
10 740
11 220
-
-
Dividends
38 078
39 780
-
-
withholding
7 616
7 956
-
-
total
7 616
7 956
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 369
19 176
18 619
18 537
After tax
31 631
31 824
32 381
32 463
Living cost
1 170
1 170
1 170
1 170
Free-cash
30 461
30 654
31 211
31 293

Estimated living cost  is ₴1170 per week

₴695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴29440
₴27332
₴20665
₴20666
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 961
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
22 927
Employee

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

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

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

11 170
-
45 334
-
health
575
-
1 630
-
income
1 540
-
10 961
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
17 260
-
Employer

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

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

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

11 170
-
45 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
37 830
51 000
-
-
income
5 675
7 650
-
-
total
5 675
7 650
-
-
Dividends
32 156
43 350
-
-
withholding
4 823
6 502
-
-
total
4 823
6 502
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 260
14 152
22 926
22 927
After tax
34 740
36 848
28 074
28 073
Living cost
7 408
7 408
7 408
7 408
Free-cash
27 332
29 440
20 666
20 665

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴17462
₴17307
₴16581
₴13468
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 150
surtax
-
-
-
-
social contributions

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

-
-
-
17 722
total
-
-
-
22 872
Employee
16 624
-
41 212
-
social contributions
1 829
-
4 533
-
surtax
-
-
-
-
income
3 248
-
11 664
-
total
5 077
-
16 197
-
Employer
16 624
-
41 212
-
social contributions
3 948
-
9 788
-
total
3 948
-
9 788
-
Corporate
30 428
51 000
-
-
surtax
-
-
-
-
income
6 390
10 710
-
-
total
6 390
10 710
-
-
Dividends
24 038
40 290
-
-
withholding
6 731
11 281
-
-
total
6 731
11 281
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 146
21 991
25 985
22 872
After tax
28 854
29 009
25 015
28 128
Living cost
11 547
11 547
11 547
11 547
Free-cash
17 307
17 462
13 468
16 581

Estimated living cost  is ₴11547 per week

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

Source of data for Porto model

Close
Madrid , Spain
₴19237
₴16025
₴13067
₴11258
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
358
income
-
-
-
10 969
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
22 880
Employee
20 686
-
38 671
-
other
20
-
39
-
income
4 320
-
9 906
-
pensions
972
-
1 817
-
unemployment
320
-
599
-
total
5 632
-
12 361
-
Employer
20 686
-
38 671
-
accident
410
-
766
-
other
166
-
309
-
unemployment
1 138
-
2 127
-
pensions
4 882
-
9 126
-
total
6 596
-
12 328
-
Corporate
23 719
51 000
-
-
income

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

3 558
7 650
-
-
total
3 558
7 650
-
-
Dividends
20 162
43 350
-
-
withholding
4 136
9 060
-
-
total
4 136
9 060
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 922
16 710
24 689
22 880
After tax
31 078
34 290
26 311
28 120
Living cost
15 053
15 053
15 053
15 053
Free-cash
16 025
19 237
11 258
13 067

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴36233
₴33622
₴31980
₴33716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
11 648
Employee
9 762
-
48 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
4 806
-
pensions

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

857
-
1 314
-
total
2 389
-
6 974
-
Employer
9 762
-
48 063
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
39 322
51 000
-
-
income
3 932
5 100
-
-
total
3 932
5 100
-
-
Dividends
35 390
45 900
-
-
withholding
1 769
2 295
-
-
total
1 769
2 295
-
-
Income
51 000
51 000
51 000
51 000
Total tax
10 006
7 395
9 912
11 648
After tax
40 994
43 605
41 088
39 352
Living cost
7 372
7 372
7 372
7 372
Free-cash
33 622
36 233
33 716
31 980

Estimated living cost  is ₴7372 per week

₴4876
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Berlin , Germany
₴9751
₴15354
₴13305
₴17766
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
trade
-
-
-
4 461
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.

-
-
-
13 054
health

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

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

-
-
-
2 926
surtax

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

-
-
-
718
total
-
-
-
21 159
Employee

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

21 311
-
51 000
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
718
-
income

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

1 752
-
13 054
-
total
4 775
-
16 698
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 689
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.

245
421
-
-
income
4 453
7 650
-
-
trade
4 261
7 318
-
-
chamber of commerce
109
140
-
-
total
9 068
15 529
-
-
Dividends
20 621
35 471
-
-
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.

275
479
-
-
withholding
4 992
8 705
-
-
total
5 267
9 184
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 110
24 713
16 698
21 159
After tax
31 890
26 287
34 302
29 841
Living cost
16 536
16 536
16 536
16 536
Free-cash
15 354
9 751
17 766
13 305

Estimated living cost  is ₴16536 per week

₴11407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Berlin model

Close
Dublin , Ireland
₴11301
₴12247
₴8573
₴8573
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 320
social contributions
-
-
-
4 708
total
-
-
-
18 028
Employee
33 504
-
51 000
-
income
6 322
-
13 320
-
social contributions
2 783
-
4 708
-
total
9 105
-
18 028
-
Employer
33 504
-
51 000
-
total
-
-
-
-
Corporate
17 496
51 000
-
-
income
2 187
6 375
-
-
total
2 187
6 375
-
-
Dividends
15 309
44 625
-
-
withholding
3 062
8 925
-
-
total
3 062
8 925
-
-
Income
51 000
51 000
51 000
51 000
Total tax
14 354
15 300
18 028
18 028
After tax
36 646
35 700
32 972
32 972
Living cost
24 399
24 399
24 399
24 399
Free-cash
12 247
11 301
8 573
8 573

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Source of data for Dublin model

Close
Sliema , Malta
₴15339
₴16835
₴20399
₴22036
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 648
-
49 030
-
income
2 132
-
9 476
-
social contributions
1 969
-
1 970
-
total
4 101
-
11 446
-
Employer
19 648
-
49 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
29 383
51 000
-
-
income
10 284
17 850
-
-
total
10 284
17 850
-
-
Dividends
19 099
33 150
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 617
20 113
13 416
15 053
After tax
32 383
30 887
37 584
35 947
Living cost
15 548
15 548
15 548
15 548
Free-cash
16 835
15 339
22 036
20 399

Estimated living cost  is ₴15548 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴20084
₴19822
₴19711
₴14958
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
11 951
pensions
-
-
-
3 373
total
-
-
-
15 324
Employee
21 914
-
44 780
-
health
286
-
745
-
income
3 991
-
8 783
-
pensions
1 673
-
4 329
-
total
5 950
-
13 857
-
Employer
21 914
-
44 780
-
pensions
2 214
-
5 369
-
health
416
-
851
-
total
2 630
-
6 220
-
Corporate
26 456
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.

5 026
9 690
-
-
total
5 026
9 690
-
-
Dividends
21 429
41 310
-
-
withholding
1 607
5 261
-
-
total
1 607
5 261
-
-
Income
51 000
51 000
51 000
51 000
Total tax
15 213
14 951
20 077
15 324
After tax
35 787
36 049
30 923
35 676
Living cost
15 965
15 965
15 965
15 965
Free-cash
19 822
20 084
14 958
19 711

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴6011
₴2575
₴24808
₴16716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
13 085
pensions
-
-
-
1 771
other
-
-
-
158
health
-
-
-
928
total
-
-
-
16 050
Employee
15 954
-
44 477
-
health
1 827
-
5 093
-
income
2 189
-
9 277
-
pensions
1 796
-
3 248
-
total
5 812
-
17 618
-
Employer
15 954
-
44 477
-
accident
266
-
743
-
unemployment
391
-
1 090
-
pensions
2 594
-
4 691
-
total
3 251
-
6 524
-
Corporate
31 795
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.

28 616
45 900
-
-
total
28 616
45 900
-
-
Dividends
3 180
5 100
-
-
withholding
604
969
-
-
total
604
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
38 283
46 869
24 142
16 050
After tax
12 717
4 131
26 858
34 950
Living cost
10 142
10 142
10 142
10 142
Free-cash
2 575
-6 011
16 716
24 808

Estimated living cost  is ₴10142 per week

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

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴37131
₴35128
₴23151
₴27758
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
255
health insurance
-
-
-
3 774
income
-
-
-
8 039
pensions
-
-
-
9 384
unemployment
-
-
-
612
total
-
-
-
22 064
Employee

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

9 257
-
51 000
-
work injury
46
-
171
-
income
926
-
8 039
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
17 457
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
41 743
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%.

417
510
-
-
total
417
510
-
-
Dividends
41 326
50 490
-
-
withholding
6 199
7 574
-
-
total
6 199
7 574
-
-
Income
51 000
51 000
51 000
51 000
Total tax
10 087
8 084
17 457
22 064
After tax
40 913
42 916
33 543
28 936
Living cost
5 785
5 785
5 785
5 785
Free-cash
35 128
37 131
27 758
23 151

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

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Rome , Italy
₴9801
₴7852
₴7981
₴5649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
341
regional
-
-
-
1 094
national
-
-
-
11 404
social contributions
-
-
-
13 117
total
-
-
-
25 956
Employee
36 092
-
51 000
-
social contributions
12 170
-
17 197
-
regional
545
-
933
-
municipal
215
-
304
-
national
6 099
-
9 854
-
total
19 029
-
28 288
-
Employer
36 092
-
51 000
-
total
-
-
-
-
Corporate
14 908
51 000
-
-
nationa
3 578
12 240
-
-
municipal
719
2 458
-
-
total
4 297
14 698
-
-
Dividends
10 611
36 302
-
-
withholding
2 759
9 438
-
-
total
2 759
9 438
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 085
24 136
28 288
25 956
After tax
24 915
26 864
22 712
25 044
Living cost
17 063
17 063
17 063
17 063
Free-cash
7 852
9 801
5 649
7 981

Estimated living cost  is ₴17063 per week

₴11986
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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