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
₴10712
₴21081
₴16692
₴16216
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
income

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

-
-
-
10 852
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.

-
-
-
597
health

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

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

-
-
-
3 399
trade
-
-
-
4 389
total
-
-
-
19 237
Employee

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

19 032
-
51 000
-
surtax

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

29
-
597
-
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.

532
-
10 852
-
health

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

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

3 399
-
3 399
-
total
3 960
-
14 848
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 968
51 000
-
-
income
4 795
7 650
-
-
surtax

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

263
421
-
-
chamber of commerce
122
149
-
-
trade
5 035
8 033
-
-
total
10 215
16 253
-
-
Dividends
21 753
34 746
-
-
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.

289
467
-
-
withholding
5 249
8 497
-
-
total
5 538
8 964
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 713
25 217
14 848
19 237
After tax
31 287
25 783
36 152
31 763
Living cost
15 071
15 071
15 071
15 071
Free-cash
16 216
10 712
21 081
16 692

Estimated living cost  is ₴15071 per week

₴9480
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1757
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Reykjavik , Iceland
₴5327
₴4731
₴4332
₴4886
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
social contributions
-
-
-
548
municipal
-
-
-
5 296
national
-
-
-
8 207
pensions
-
-
-
6 120
total
-
-
-
20 171
Employee
41 075
-
44 089
-
municipal
5 073
-
5 494
-
pensions
1 643
-
1 764
-
national
7 862
-
8 513
-
total
14 578
-
15 771
-
Employer
41 075
-
44 089
-
pensions
3 286
-
3 527
-
social contributions
442
-
474
-
total
3 728
-
4 001
-
Corporate
3 487
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%.

697
10 200
-
-
total
697
10 200
-
-
Dividends
2 790
40 800
-
-
withholding
614
8 976
-
-
total
614
8 976
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 617
19 176
19 772
20 171
After tax
31 383
31 824
31 228
30 829
Living cost
26 497
26 497
26 497
26 497
Free-cash
4 886
5 327
4 731
4 332

Estimated living cost  is ₴26497 per week

₴18009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2463
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.
₴5627
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Riga , Latvia
₴30448
₴18379
₴16860
₴26366
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
51 000
income
-
-
-
7 392
surtax
-
-
-
-
social contributions

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

-
-
-
16 396
microenterprise
-
-
-
-
total
-
-
-
23 788
Employee
14 540
-
41 099
-
surtax
-
-
-
-
social contributions

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

1 600
-
4 521
-
income
2 588
-
7 847
-
total
4 188
-
12 368
-
Employer
14 540
-
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.

3 502
-
9 901
-
surtax
-
-
-
-
total
3 502
-
9 901
-
Corporate
32 958
51 000
-
-
income

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

6 592
10 200
-
-
total
6 592
10 200
-
-
Dividends

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

26 366
40 800
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
14 282
10 200
22 269
23 788
After tax
36 718
40 800
28 731
27 212
Living cost
10 352
10 352
10 352
10 352
Free-cash
26 366
30 448
18 379
16 860

Estimated living cost  is ₴10352 per week

₴6604
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴986
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rotterdam , Netherlands
₴3859
₴4171
₴8095
₴810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 197
health
-
-
-
6 033
pensions
-
-
-
5 830
total
-
-
-
22 060
Employee
42 492
42 492
43 401
-
pensions
7 649
5 830
5 830
-
income

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

6 955
6 955
6 955
-
health
6 522
5 548
5 599
-
total
21 126
18 333
18 384
-
Employer
42 492
42 492
43 401
-
health
2 954
2 954
3 016
-
pensions
2 957
2 957
3 021
-
unemployment
1 530
1 530
1 563
-
total
7 441
7 441
7 600
-
Corporate
1 589
1 067
-
-
income
317
213
-
-
total
317
213
-
-
Dividends
1 271
854
-
-
income
270
181
-
-
withholding
191
128
-
-
total
461
309
-
-
Income
51 000
51 000
51 000
51 000
Total tax
29 345
26 296
25 984
22 060
After tax
21 655
24 704
25 016
28 940
Living cost
20 845
20 845
20 845
20 845
Free-cash
810
3 859
4 171
8 095

Estimated living cost  is ₴20845 per week

₴14772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3862
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Stockholm , Sweden
₴7978
₴7366
₴7070
₴7532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
87
other
-
-
-
5 060
unemployment
-
-
-
44
health
-
-
-
2 717
municipal
-
-
-
11 447
national
-
-
-
-
pensions
-
-
-
4 707
total
-
-
-
24 062
Employee
28 310
-
38 807
-
municipal
8 442
-
11 572
-
national
-
-
-
-
total
8 442
-
11 572
-
Employer
28 310
-
38 807
-
health
1 741
-
2 387
-
pensions
3 060
-
4 195
-
accident
57
-
78
-
unemployment
747
-
1 025
-
other
3 290
-
4 509
-
total
8 895
-
12 194
-
Corporate
13 795
51 000
-
-
income
3 035
11 220
-
-
total
3 035
11 220
-
-
Dividends
10 760
39 780
-
-
withholding
3 228
11 934
-
-
total
3 228
11 934
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 600
23 154
23 766
24 062
After tax
27 400
27 846
27 234
26 938
Living cost
19 868
19 868
19 868
19 868
Free-cash
7 532
7 978
7 366
7 070

Estimated living cost  is ₴19868 per week

₴13168
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Hamburg , Germany
₴5972
₴16605
₴12022
₴12966
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
income

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

-
-
-
10 852
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.

-
-
-
597
health

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

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

-
-
-
3 399
trade
-
-
-
4 583
total
-
-
-
19 431
Employee

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

25 234
-
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.

119
-
597
-
income

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

2 168
-
10 852
-
health

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

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

3 399
-
3 399
-
total
5 686
-
14 848
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
25 766
51 000
-
-
income
3 865
7 650
-
-
surtax

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

212
421
-
-
chamber of commerce
112
148
-
-
trade
4 239
8 390
-
-
total
8 428
16 609
-
-
Dividends
17 338
34 390
-
-
surtax

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

228
463
-
-
withholding
4 145
8 409
-
-
total
4 373
8 872
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 487
25 481
14 848
19 431
After tax
32 513
25 519
36 152
31 569
Living cost
19 547
19 547
19 547
19 547
Free-cash
12 966
5 972
16 605
12 022

Estimated living cost  is ₴19547 per week

₴13073
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2061
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Limassol , Cyprus
₴21184
₴19819
₴19871
₴19121
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
5 734
social contributions
-
-
-
7 956
health
-
-
-
1 300
total
-
-
-
14 990
Employee
38 262
38 262
46 300
-
social contributions
1 859
3 176
3 843
-
income
4 018
3 542
5 712
-
health
381
651
788
-
total
6 258
7 369
10 343
-
Employer
38 262
38 262
46 300
-
health
415
708
856
-
social contributions
1 859
3 176
3 843
-
total
2 274
3 884
4 699
-
Corporate
26 329
8 854
-
-
income
3 291
1 107
-
-
total
3 291
1 107
-
-
Dividends
23 039
7 748
-
-
withholding
3 917
1 317
-
-
total
3 917
1 317
-
-
Income
51 000
51 000
51 000
51 000
Total tax
15 740
13 677
15 042
14 990
After tax
35 260
37 323
35 958
36 010
Living cost
16 139
16 139
16 139
16 139
Free-cash
19 121
21 184
19 819
19 871

Estimated living cost  is ₴16139 per week

₴11033
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Budapest , Hungary
₴19795
₴20636
₴26400
₴19980
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 891
5 130
42 678
-
unemployment
193
77
640
-
pensions
1 289
513
4 268
-
income
1 576
627
5 217
-
health
902
359
2 987
-
total
3 960
1 576
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.

12 891
5 130
42 678
-
pensions
2 514
1 000
8 322
-
total
2 514
1 000
8 322
-
Corporate
35 595
44 869
-
-
income
3 204
4 038
-
-
total
3 204
4 038
-
-
Dividends
32 392
40 831
-
-
social contributions
6 258
7 903
-
-
withholding
6 154
7 758
-
-
total
12 412
15 661
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 090
22 275
21 434
15 670
After tax
28 910
28 725
29 566
35 330
Living cost
8 930
8 930
8 930
8 930
Free-cash
19 980
19 795
20 636
26 400

Estimated living cost  is ₴8930 per week

₴6094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴731
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1927
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Tallinn , Estonia
₴28781
₴17378
₴15317
₴25690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
6 834
health
-
-
-
6 630
pensions
-
-
-
10 200
total
-
-
-
23 664
Employee
14 116
-
38 116
-
unemployment
226
-
610
-
pensions
282
-
762
-
income
1 589
-
7 348
-
total
2 097
-
8 720
-
Employer
14 116
-
38 116
-
health
1 835
-
4 955
-
pensions
2 823
-
7 623
-
unemployment
113
-
305
-
total
4 771
-
12 883
-
Corporate
32 113
51 000
-
-
income
6 423
10 200
-
-
total
6 423
10 200
-
-
Dividends
25 690
40 800
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
13 291
10 200
21 603
23 664
After tax
37 709
40 800
29 397
27 336
Living cost
12 019
12 019
12 019
12 019
Free-cash
25 690
28 781
17 378
15 317

Estimated living cost  is ₴12019 per week

₴8243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
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.
₴2818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Gdansk , Poland
-₴6983
₴15254
₴23886
₴2426
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
12 481
other
-
-
-
187
health
-
-
-
1 102
pensions
-
-
-
2 102
total
-
-
-
16 000
Employee
17 483
-
43 637
-
pensions
1 969
-
3 854
-
income
2 398
-
8 418
-
health
2 002
-
4 996
-
total
6 369
-
17 268
-
Employer
17 483
-
43 637
-
pensions
2 843
-
5 566
-
accident
292
-
729
-
unemployment
428
-
1 069
-
total
3 563
-
7 364
-
Corporate
29 954
51 000
-
-
income

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

26 959
45 900
-
-
total
26 959
45 900
-
-
Dividends
2 995
5 100
-
-
withholding
569
969
-
-
total
569
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
37 460
46 869
24 632
16 000
After tax
13 540
4 131
26 368
35 000
Living cost
11 114
11 114
11 114
11 114
Free-cash
2 426
-6 983
15 254
23 886

Estimated living cost  is ₴11114 per week

₴8146
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.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Batumi , Georgia
₴44432
₴36782
₴46472
₴43679
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
microenterprise

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

-
-
-
510
total
-
-
-
510
Employee
5 022
-
51 000
-
income
1 004
-
10 200
-
total
1 004
-
10 200
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

45 978
51 000
-
-
total
-
-
-
-
Dividends
45 978
51 000
-
-
withholding
2 299
2 550
-
-
total
2 299
2 550
-
-
Income
51 000
51 000
51 000
51 000
Total tax
3 303
2 550
10 200
510
After tax
47 697
48 450
40 800
50 490
Living cost
4 018
4 018
4 018
4 018
Free-cash
43 679
44 432
36 782
46 472

Estimated living cost  is ₴4018 per week

₴2490
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1083
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Bratislava , Slovakia
₴24210
₴16526
₴14357
₴20852
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
6 478
other
-
-
-
2 422
health
-
-
-
2 244
pensions

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

-
-
-
12 240
total
-
-
-
23 384
Employee
18 067
-
40 735
-
unemployment
180
-
407
-
pensions

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

1 264
-
2 852
-
income
3 110
-
7 121
-
health
253
-
570
-
total
4 807
-
10 950
-
Employer
18 067
-
40 735
-
health
253
-
570
-
pensions

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

3 072
-
6 925
-
accident
144
-
326
-
unemployment
180
-
407
-
other
904
-
2 037
-
total
4 553
-
10 265
-
Corporate
28 380
51 000
-
-
income
5 960
10 710
-
-
total
5 960
10 710
-
-
Dividends
22 420
40 290
-
-
withholding
1 569
2 821
-
-
total
1 569
2 821
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 889
13 531
21 215
23 384
After tax
34 111
37 469
29 785
27 616
Living cost
13 259
13 259
13 259
13 259
Free-cash
20 852
24 210
16 526
14 357

Estimated living cost  is ₴13259 per week

₴9368
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
London , United Kingdom
₴4044
-₴1391
₴3279
-₴2567
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 678
pensions
-
-
-
3 746
total
-
-
-
14 424
Employee
47 110
-
44 891
-
pensions
4 545
-
4 278
-
income
8 492
-
7 976
-
health
776
-
731
-
total
13 813
-
12 985
-
Employer
47 110
-
44 891
-
health
895
-
853
-
pensions
5 562
-
5 256
-
total
6 457
-
6 109
-
Corporate
-
51 000
-
-
income

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

-
9 690
-
-
total
-
9 690
-
-
Dividends
-
41 310
-
-
withholding
-
3 969
-
-
total
-
3 969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 270
13 659
19 094
14 424
After tax
30 730
37 341
31 906
36 576
Living cost
33 297
33 297
33 297
33 297
Free-cash
-2 567
4 044
-1 391
3 279

Estimated living cost  is ₴33297 per week

₴24950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4164
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Varna , Bulgaria
₴37084
₴33796
₴32191
₴34774
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
7 650
unemployment
-
-
-
69
health
-
-
-
1 998
pensions

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

-
-
-
2 571
total
-
-
-
12 288
Employee
8 635
-
47 591
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

758
-
1 526
-
income
863
-
4 759
-
health
397
-
799
-
total
2 113
-
7 275
-
Employer
8 635
-
47 591
-
health
596
-
1 199
-
pensions

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

952
-
1 914
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
unemployment
52
-
104
-
total
1 695
-
3 408
-
Corporate
40 671
51 000
-
-
income
4 067
5 100
-
-
total
4 067
5 100
-
-
Dividends
36 604
45 900
-
-
withholding
1 830
2 295
-
-
total
1 830
2 295
-
-
Income
51 000
51 000
51 000
51 000
Total tax
9 705
7 395
10 683
12 288
After tax
41 295
43 605
40 317
38 712
Living cost
6 521
6 521
6 521
6 521
Free-cash
34 774
37 084
33 796
32 191

Estimated living cost  is ₴6521 per week

₴3807
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴466
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.
₴2076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Amsterdam , Netherlands
-₴2888
-₴2576
₴1348
-₴3209
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 197
health
-
-
-
6 033
pensions
-
-
-
5 830
total
-
-
-
22 060
Employee
46 132
42 492
43 401
-
pensions
5 830
5 830
5 830
-
income

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

6 955
6 955
6 955
-
health
5 755
5 548
5 599
-
total
18 540
18 333
18 384
-
Employer
46 132
42 492
43 401
-
health
3 206
2 954
3 016
-
pensions
3 210
2 957
3 021
-
unemployment
1 661
1 530
1 563
-
total
8 077
7 441
7 600
-
Corporate
-
1 067
-
-
income
-
213
-
-
total
-
213
-
-
Dividends
-
854
-
-
income
-
181
-
-
withholding
-
128
-
-
total
-
309
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 617
26 296
25 984
22 060
After tax
24 383
24 704
25 016
28 940
Living cost
27 592
27 592
27 592
27 592
Free-cash
-3 209
-2 888
-2 576
1 348

Estimated living cost  is ₴27592 per week

₴20354
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4458
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Brno , Czech Republic
₴22904
₴13672
₴12631
₴18548
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
4 383
social contributions
-
-
-
14 892
solidarity contribution
-
-
-
-
health
-
-
-
6 885
total
-
-
-
26 160
Employee
17 955
-
38 060
-
solidarity contribution
-
-
-
-
social contributions
1 167
-
2 474
-
income
2 155
-
4 567
-
health
2 424
-
5 138
-
total
5 746
-
12 179
-
Employer
17 955
-
38 060
-
health
1 616
-
3 425
-
social contributions
4 489
-
9 515
-
total
6 105
-
12 940
-
Corporate
26 941
51 000
-
-
income
5 119
9 690
-
-
total
5 119
9 690
-
-
Dividends
21 822
41 310
-
-
withholding
3 273
6 197
-
-
total
3 273
6 197
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 243
15 887
25 119
26 160
After tax
30 757
35 113
25 881
24 840
Living cost
12 209
12 209
12 209
12 209
Free-cash
18 548
22 904
13 672
12 631

Estimated living cost  is ₴12209 per week

₴8481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴869
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.
₴2620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Milan , Italy
₴6214
₴2672
₴5099
₴3617
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
social contributions
-
-
-
13 117
regional
-
-
-
565
municipal
-
-
-
303
national
-
-
-
10 920
total
-
-
-
24 905
Employee
44 222
-
51 000
-
municipal
234
-
270
-
national
7 663
-
9 370
-
regional
417
-
495
-
social contributions
14 912
-
17 197
-
total
23 226
-
27 332
-
Employer
44 222
-
51 000
-
total
-
-
-
-
Corporate
6 778
51 000
-
-
municipal
264
1 989
-
-
nationa
1 627
12 240
-
-
total
1 891
14 229
-
-
Dividends
4 886
36 771
-
-
withholding
1 270
9 561
-
-
total
1 270
9 561
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 387
23 790
27 332
24 905
After tax
24 613
27 210
23 668
26 095
Living cost
20 996
20 996
20 996
20 996
Free-cash
3 617
6 214
2 672
5 099

Estimated living cost  is ₴20996 per week

₴14636
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4661
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Thessaloniki , Greece
₴21099
₴14141
₴15131
₴19551
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 749
other
-
-
-
-
surtax
-
-
-
1 206
unemployment
-
-
-
113
health
-
-
-
3 621
pensions
-
-
-
10 200
total
-
-
-
24 889
Employee
16 455
-
42 131
-
other
-
-
-
-
unemployment
1 145
-
2 932
-
pensions
1 097
-
2 810
-
surtax
54
-
1 093
-
income
2 758
-
9 101
-
health
420
-
1 074
-
total
5 474
-
17 010
-
Employer
16 455
-
42 131
-
health
749
-
1 918
-
pensions
2 194
-
5 616
-
unemployment
521
-
1 335
-
other
-
-
-
-
total
3 464
-
8 869
-
Corporate
31 082
51 000
-
-
income
8 081
13 260
-
-
total
8 081
13 260
-
-
Dividends
23 001
37 740
-
-
withholding
3 450
5 661
-
-
total
3 450
5 661
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 469
18 921
25 879
24 889
After tax
30 531
32 079
25 121
26 111
Living cost
10 980
10 980
10 980
10 980
Free-cash
19 551
21 099
14 141
15 131

Estimated living cost  is ₴10980 per week

₴6714
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Cambridge , United Kingdom
₴14594
₴9159
₴13829
₴11547
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 678
pensions
-
-
-
3 746
total
-
-
-
14 424
Employee
31 572
-
44 891
-
pensions
2 680
-
4 278
-
income
5 686
-
7 976
-
health
458
-
731
-
total
8 824
-
12 985
-
Employer
31 572
-
44 891
-
health
600
-
853
-
pensions
3 418
-
5 256
-
total
4 018
-
6 109
-
Corporate
15 411
51 000
-
-
income

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

2 928
9 690
-
-
total
2 928
9 690
-
-
Dividends
12 483
41 310
-
-
withholding
936
3 969
-
-
total
936
3 969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 706
13 659
19 094
14 424
After tax
34 294
37 341
31 906
36 576
Living cost
22 747
22 747
22 747
22 747
Free-cash
11 547
14 594
9 159
13 829

Estimated living cost  is ₴22747 per week

₴17042
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1705
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.
₴3762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Zurich , Switzerland
-₴15997
₴701
₴3261
₴602
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
other

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

-
-
-
1 020
regional
-
-
-
1 734
health
-
-
-
128
city
-
-
-
537
national
-
-
-
309
pensions
-
-
-
4 692
total
-
-
-
8 420
Employee
46 013
-
45 648
-
unemployment
-
-
-
-
pensions
3 866
-
3 834
-
national
218
-
215
-
regional
1 507
-
1 487
-
city
494
-
491
-
health
104
-
103
-
total
6 189
-
6 130
-
Employer
46 013
-
45 648
-
health
104
-
103
-
pensions
3 866
-
3 834
-
unemployment
-
-
-
-
other

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

920
-
913
-
total
4 890
-
4 850
-
Corporate
-
51 000
-
-
regional
-
10 786
-
-
national
-
4 335
-
-
total
-
15 121
-
-
Dividends
-
35 878
-
-
withholding
-
12 557
-
-
total
-
12 557
-
-
Income
51 000
51 000
51 000
51 000
Total tax
11 079
27 678
10 980
8 420
After tax
39 921
23 322
40 020
42 580
Living cost
39 319
39 319
39 319
39 319
Free-cash
602
-15 997
701
3 261

Estimated living cost  is ₴39319 per week

₴25568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3528
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴483
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9739
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Munich , Germany
₴2462
₴13357
₴8578
₴10533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
income

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

-
-
-
10 852
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.

-
-
-
597
health

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

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

-
-
-
3 399
trade
-
-
-
4 779
total
-
-
-
19 627
Employee

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

29 904
-
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.

194
-
597
-
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.

3 516
-
10 852
-
health

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

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

3 399
-
3 399
-
total
7 109
-
14 848
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
21 096
51 000
-
-
income
3 164
7 650
-
-
surtax

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

174
421
-
-
chamber of commerce
105
147
-
-
trade
3 618
8 747
-
-
total
7 061
16 965
-
-
Dividends
14 035
34 034
-
-
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.

182
458
-
-
withholding
3 320
8 320
-
-
total
3 502
8 778
-
-
Income
51 000
51 000
51 000
51 000
Total tax
17 672
25 743
14 848
19 627
After tax
33 328
25 257
36 152
31 373
Living cost
22 795
22 795
22 795
22 795
Free-cash
10 533
2 462
13 357
8 578

Estimated living cost  is ₴22795 per week

₴16648
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Nice , France
₴8679
₴14991
₴12308
₴11619
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
5 033
other
-
-
-
1 583
surtax
-
-
-
-
social contributions
-
-
-
1 453
health
-
-
-
1 012
pensions
-
-
-
12 587
total
-
-
-
21 668
Employee
21 296
-
41 355
-
pensions
2 408
-
2 000
-
surtax
-
-
-
-
social contributions
607
-
1 178
-
income
1 257
-
6 162
-
total
4 272
-
9 340
-
Employer
21 296
-
41 355
-
health
1 491
-
2 895
-
pensions
3 498
-
3 524
-
unemployment
862
-
1 675
-
social contributions
64
-
124
-
other
735
-
1 427
-
total
6 650
-
9 645
-
Corporate
23 054
51 000
-
-
income
6 455
14 280
-
-
surtax
-
-
-
-
total
6 455
14 280
-
-
Dividends
16 599
36 720
-
-
surtax
-
-
-
-
social contributions
2 855
6 316
-
-
withholding
2 125
4 701
-
-
total
4 980
11 017
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 357
25 297
18 985
21 668
After tax
28 643
25 703
32 015
29 332
Living cost
17 024
17 024
17 024
17 024
Free-cash
11 619
8 679
14 991
12 308

Estimated living cost  is ₴17024 per week

₴10734
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1384
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Marseille , France
₴10366
₴16678
₴13995
₴13131
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
5 033
other
-
-
-
1 583
surtax
-
-
-
-
social contributions
-
-
-
1 453
health
-
-
-
1 012
pensions
-
-
-
12 587
total
-
-
-
21 668
Employee
19 010
-
41 355
-
pensions
2 150
-
2 000
-
surtax
-
-
-
-
social contributions
542
-
1 178
-
income
980
-
6 162
-
total
3 672
-
9 340
-
Employer
19 010
-
41 355
-
health
1 330
-
2 895
-
pensions
3 124
-
3 524
-
unemployment
770
-
1 675
-
social contributions
57
-
124
-
other
656
-
1 427
-
total
5 937
-
9 645
-
Corporate
26 054
51 000
-
-
income
7 295
14 280
-
-
surtax
-
-
-
-
total
7 295
14 280
-
-
Dividends
18 758
36 720
-
-
surtax
-
-
-
-
social contributions
3 227
6 316
-
-
withholding
2 401
4 701
-
-
total
5 628
11 017
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 532
25 297
18 985
21 668
After tax
28 468
25 703
32 015
29 332
Living cost
15 337
15 337
15 337
15 337
Free-cash
13 131
10 366
16 678
13 995

Estimated living cost  is ₴15337 per week

₴8895
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vilnius , Lithuania
₴20565
₴22226
₴22201
₴20823
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
7 650
social contributions
-
-
-
7 038
health
-
-
-
3 560
total
-
-
-
18 248
Employee
16 871
-
51 000
-
social contributions
2 329
-
7 038
-
income
2 814
-
7 625
-
health
1 177
-
3 560
-
total
6 320
-
18 223
-
Employer
16 871
-
51 000
-
total
-
-
-
-
Corporate
34 129
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%.

1 706
2 550
-
-
total
1 706
2 550
-
-
Dividends
32 423
48 450
-
-
social contributions
4 474
6 686
-
-
withholding
4 863
7 267
-
-
health
2 263
3 381
-
-
total
11 600
17 334
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 626
19 884
18 223
18 248
After tax
31 374
31 116
32 777
32 752
Living cost
10 551
10 551
10 551
10 551
Free-cash
20 823
20 565
22 226
22 201

Estimated living cost  is ₴10551 per week

₴7061
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴651
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Vienna , Austria
₴11035
-₴2222
₴8188
₴10266
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
8 588
surtax
-
-
-
98
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
204
health
-
-
-
3 902
pensions
-
-
-
9 435
total
-
-
-
25 279
Employee
24 867
19 830
39 526
-
other
248
198
396
-
unemployment
746
595
1 186
-
pensions
2 547
2 030
4 047
-
income
2 831
1 463
7 646
-
health
962
768
1 530
-
total
7 334
5 054
14 805
-
Employer
24 867
19 830
39 526
-
chamber of commerce
99
79
158
-
health
940
750
1 494
-
pensions
3 121
2 489
4 960
-
accident
323
258
514
-
unemployment
746
595
1 186
-
surtax
98
98
98
-
payroll
746
595
1 186
-
other
1 181
941
1 878
-
total
7 254
5 805
11 474
-
Corporate
18 879
25 365
37 638
-
income

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

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

4 719
6 342
9 410
-
total
4 719
6 342
9 410
-
Dividends
14 160
19 024
-
-
withholding
3 894
5 231
-
-
total
3 894
5 231
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 201
22 432
35 689
25 279
After tax
27 799
28 568
15 311
25 721
Living cost
17 533
17 533
17 533
17 533
Free-cash
10 266
11 035
-2 222
8 188

Estimated living cost  is ₴17533 per week

₴11694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1496
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Brussels , Belgium
₴10455
₴1665
₴5659
₴2993
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
communal

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

-
-
-
2 579
social contributions
-
-
-
8 023
national
-
-
-
16 596
total
-
-
-
27 198
Employee

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

35 593
-
39 501
-
unemployment

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

310
-
344
-
communal

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

1 856
-
2 060
-
pensions

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

2 669
-
2 962
-
national
10 943
-
12 471
-
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.

1 672
-
1 856
-
total
17 450
-
19 693
-
Employer

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

35 593
-
39 501
-
health

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

2 189
-
2 430
-
pensions

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

3 154
-
3 499
-
accident

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

463
-
513
-
unemployment

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

519
-
577
-
surtax
4 036
-
4 480
-
total
10 361
-
11 499
-
Corporate
5 047
51 000
-
-
income
1 009
10 200
-
-
surtax
20
204
-
-
total
1 029
10 404
-
-
Dividends
4 018
40 596
-
-
withholding

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

1 024
11 998
-
-
total
1 024
11 998
-
-
Income
51 000
51 000
51 000
51 000
Total tax
29 864
22 402
31 192
27 198
After tax
21 136
28 598
19 808
23 802
Living cost
18 143
18 143
18 143
18 143
Free-cash
2 993
10 455
1 665
5 659

Estimated living cost  is ₴18143 per week

₴11686
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
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.
₴4586
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Barcelona , Spain
₴16390
₴8904
₴9503
₴12425
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
415
income
-
-
-
9 691
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 052
total
-
-
-
23 527
Employee
24 769
-
38 672
-
other
25
-
39
-
unemployment
384
-
600
-
pensions
1 164
-
1 818
-
income
5 226
-
9 341
-
total
6 799
-
11 798
-
Employer
24 769
-
38 672
-
pensions
5 845
-
9 126
-
accident
490
-
766
-
unemployment
1 363
-
2 126
-
other
197
-
310
-
total
7 895
-
12 328
-
Corporate
18 336
51 000
-
-
income

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

2 751
7 650
-
-
total
2 751
7 650
-
-
Dividends
15 586
43 350
-
-
withholding
3 160
8 990
-
-
total
3 160
8 990
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 605
16 640
24 126
23 527
After tax
30 395
34 360
26 874
27 473
Living cost
17 970
17 970
17 970
17 970
Free-cash
12 425
16 390
8 904
9 503

Estimated living cost  is ₴17970 per week

₴13233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3203
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Luxembourg , Luxembourg
₴4135
₴4243
₴1991
₴686
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
communal
-
-
-
3 223
accident
-
-
-
430
income
-
-
-
4 558
surtax
-
-
-
2 529
health
-
-
-
3 583
pensions
-
-
-
7 645
total
-
-
-
21 968
Employee
37 682
-
45 555
-
pensions
3 014
-
3 645
-
surtax
2 310
-
2 792
-
income
3 640
-
5 807
-
health
1 677
-
2 027
-
total
10 641
-
14 271
-
Employer
37 682
-
45 555
-
health
1 149
-
1 390
-
pensions
3 014
-
3 645
-
accident
339
-
410
-
total
4 502
-
5 445
-
Corporate
8 816
51 000
-
-
communal
-
3 443
-
-
income
1 322
7 650
-
-
surtax
93
535
-
-
total
1 415
11 628
-
-
Dividends
7 402
39 371
-
-
income
5 605
2 291
-
-
withholding
1 110
5 905
-
-
total
6 715
8 196
-
-
Income
51 000
51 000
51 000
51 000
Total tax
23 273
19 824
19 716
21 968
After tax
27 727
31 176
31 284
29 032
Living cost
27 041
27 041
27 041
27 041
Free-cash
686
4 135
4 243
1 991

Estimated living cost  is ₴27041 per week

₴20285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Athens , Greece
₴20903
₴13945
₴14935
₴19320
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 749
other
-
-
-
-
surtax
-
-
-
1 206
unemployment
-
-
-
113
health
-
-
-
3 621
pensions
-
-
-
10 200
total
-
-
-
24 889
Employee
16 757
-
42 131
-
other
-
-
-
-
unemployment
1 166
-
2 932
-
pensions
1 118
-
2 810
-
surtax
59
-
1 093
-
income
2 809
-
9 101
-
health
428
-
1 074
-
total
5 580
-
17 010
-
Employer
16 757
-
42 131
-
health
762
-
1 918
-
pensions
2 234
-
5 616
-
unemployment
532
-
1 335
-
other
-
-
-
-
total
3 528
-
8 869
-
Corporate
30 715
51 000
-
-
income
7 986
13 260
-
-
total
7 986
13 260
-
-
Dividends
22 730
37 740
-
-
withholding
3 410
5 661
-
-
total
3 410
5 661
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 504
18 921
25 879
24 889
After tax
30 496
32 079
25 121
26 111
Living cost
11 176
11 176
11 176
11 176
Free-cash
19 320
20 903
13 945
14 935

Estimated living cost  is ₴11176 per week

₴6748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3198
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Naples , Italy
₴13404
₴10073
₴12487
₴12297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
social contributions
-
-
-
13 117
regional
-
-
-
769
municipal
-
-
-
303
national
-
-
-
10 920
total
-
-
-
25 109
Employee
27 602
-
51 000
-
municipal
146
-
270
-
national
4 373
-
9 370
-
regional
372
-
686
-
social contributions
9 308
-
17 197
-
total
14 199
-
27 523
-
Employer
27 602
-
51 000
-
total
-
-
-
-
Corporate
23 398
51 000
-
-
municipal
1 163
2 534
-
-
nationa
5 616
12 240
-
-
total
6 779
14 774
-
-
Dividends
16 619
36 225
-
-
withholding
4 321
9 418
-
-
total
4 321
9 418
-
-
Income
51 000
51 000
51 000
51 000
Total tax
25 299
24 192
27 523
25 109
After tax
25 701
26 808
23 477
25 891
Living cost
13 404
13 404
13 404
13 404
Free-cash
12 297
13 404
10 073
12 487

Estimated living cost  is ₴13404 per week

₴8336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Prague , Czech Republic
₴20068
₴10836
₴9795
₴14702
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
4 383
social contributions
-
-
-
14 892
solidarity contribution
-
-
-
-
health
-
-
-
6 885
total
-
-
-
26 160
Employee
22 125
-
38 060
-
solidarity contribution
-
-
-
-
social contributions
1 438
-
2 474
-
income
2 655
-
4 567
-
health
2 987
-
5 138
-
total
7 080
-
12 179
-
Employer
22 125
-
38 060
-
health
1 991
-
3 425
-
social contributions
5 531
-
9 515
-
total
7 522
-
12 940
-
Corporate
21 353
51 000
-
-
income
4 057
9 690
-
-
total
4 057
9 690
-
-
Dividends
17 296
41 310
-
-
withholding
2 594
6 197
-
-
total
2 594
6 197
-
-
Income
51 000
51 000
51 000
51 000
Total tax
21 253
15 887
25 119
26 160
After tax
29 747
35 113
25 881
24 840
Living cost
15 045
15 045
15 045
15 045
Free-cash
14 702
20 068
10 836
9 795

Estimated living cost  is ₴15045 per week

₴11188
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2763
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Graz , Austria
₴12746
-₴546
₴9944
₴12502
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
8 588
surtax
-
-
-
-
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
204
health
-
-
-
3 902
pensions
-
-
-
9 435
total
-
-
-
25 181
Employee
21 751
19 830
39 602
-
other
217
198
396
-
unemployment
652
595
1 188
-
pensions
2 228
2 030
4 056
-
income
1 938
1 463
7 672
-
health
841
768
1 533
-
total
5 876
5 054
14 845
-
Employer
21 751
19 830
39 602
-
chamber of commerce
87
79
159
-
health
822
750
1 497
-
pensions
2 730
2 489
4 970
-
accident
282
258
515
-
unemployment
652
595
1 188
-
surtax
-
-
-
-
payroll
652
595
1 188
-
other
1 033
941
1 881
-
total
6 258
5 707
11 398
-
Corporate
22 990
25 463
37 715
-
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.

5 748
6 366
9 428
-
total
5 748
6 366
9 428
-
Dividends
17 242
19 097
-
-
withholding
4 741
5 252
-
-
total
4 741
5 252
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 623
22 379
35 671
25 181
After tax
28 377
28 621
15 329
25 819
Living cost
15 875
15 875
15 875
15 875
Free-cash
12 502
12 746
-546
9 944

Estimated living cost  is ₴15875 per week

₴9523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1621
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4447
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Tbilisi , Georgia
₴42189
₴34539
₴44229
₴41015
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 826
-
51 000
-
income
1 565
-
10 200
-
total
1 565
-
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%.

43 174
51 000
-
-
total
-
-
-
-
Dividends
43 174
51 000
-
-
withholding
2 159
2 550
-
-
total
2 159
2 550
-
-
Income
51 000
51 000
51 000
51 000
Total tax
3 724
2 550
10 200
510
After tax
47 276
48 450
40 800
50 490
Living cost
6 261
6 261
6 261
6 261
Free-cash
41 015
42 189
34 539
44 229

Estimated living cost  is ₴6261 per week

₴4237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1551
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Ljubljana , Slovenia
₴21768
₴11525
₴12986
₴17607
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 259
unemployment
-
-
-
76
health
-
-
-
5 019
pensions
-
-
-
9 314
total
-
-
-
24 668
Employee

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

22 003
-
44 129
-
unemployment
31
-
61
-
pensions
3 411
-
6 840
-
income
3 794
-
9 507
-
health
1 421
-
2 851
-
total
8 657
-
19 259
-
Employer

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

22 003
-
44 129
-
health
1 465
-
2 939
-
pensions
1 947
-
3 905
-
unemployment
13
-
26
-
total
3 425
-
6 870
-
Corporate
25 571
51 000
-
-
income
4 858
9 690
-
-
total
4 858
9 690
-
-
Dividends
20 713
41 310
-
-
withholding
3 107
6 196
-
-
total
3 107
6 196
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 047
15 886
26 129
24 668
After tax
30 953
35 114
24 871
26 332
Living cost
13 346
13 346
13 346
13 346
Free-cash
17 607
21 768
11 525
12 986

Estimated living cost  is ₴13346 per week

₴9159
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Oslo , Norway
₴9669
₴23129
₴13886
-₴22809
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
9 941
social contributions
-
-
-
5 814
total
-
-
-
15 755
Employee
30 626
-
-
-
social contributions
2 511
-
358
-
income
6 756
-
-
-
total
9 267
-
358
-
Employer
30 626
-
-
-
social contributions
43 183
-
6 154
-
total
43 183
-
6 154
-
Corporate
-
51 000
-
-
income
-
11 220
-
-
total
-
11 220
-
-
Dividends
-
39 780
-
-
income
-
8 752
-
-
total
-
8 752
-
-
Income
51 000
51 000
51 000
51 000
Total tax
52 450
19 972
6 512
15 755
After tax
-1 450
31 028
44 488
35 245
Living cost
21 359
21 359
21 359
21 359
Free-cash
-22 809
9 669
23 129
13 886

Estimated living cost  is ₴21359 per week

₴13859
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2009
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.
₴5219
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Lisbon , Portugal
₴13401
₴10191
₴12853
₴12900
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
income
-
-
-
4 816
surtax
-
-
-
-
social contributions

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

-
-
-
17 723
total
-
-
-
22 539
Employee
22 885
-
41 212
-
surtax
-
-
-
-
social contributions
2 517
-
4 533
-
income
4 760
-
10 880
-
total
7 277
-
15 413
-
Employer
22 885
-
41 212
-
social contributions
5 435
-
9 788
-
total
5 435
-
9 788
-
Corporate
22 680
51 000
-
-
income
4 763
10 710
-
-
surtax
-
-
-
-
total
4 763
10 710
-
-
Dividends
17 917
40 290
-
-
withholding
5 017
11 281
-
-
total
5 017
11 281
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 492
21 991
25 201
22 539
After tax
28 508
29 009
25 799
28 461
Living cost
15 608
15 608
15 608
15 608
Free-cash
12 900
13 401
10 191
12 853

Estimated living cost  is ₴15608 per week

₴11678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Paris , France
₴1670
₴7982
₴5299
₴5091
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
5 033
other
-
-
-
1 583
surtax
-
-
-
-
social contributions
-
-
-
1 453
health
-
-
-
1 012
pensions
-
-
-
12 587
total
-
-
-
21 668
Employee
31 165
-
41 355
-
pensions
3 525
-
2 000
-
surtax
-
-
-
-
social contributions
888
-
1 178
-
income
2 719
-
6 162
-
total
7 132
-
9 340
-
Employer
31 165
-
41 355
-
health
2 181
-
2 895
-
pensions
5 121
-
3 524
-
unemployment
1 262
-
1 675
-
social contributions
93
-
124
-
other
1 076
-
1 427
-
total
9 733
-
9 645
-
Corporate
10 102
51 000
-
-
income
2 828
14 280
-
-
surtax
-
-
-
-
total
2 828
14 280
-
-
Dividends
7 274
36 720
-
-
surtax
-
-
-
-
social contributions
1 252
6 316
-
-
withholding
931
4 701
-
-
total
2 183
11 017
-
-
Income
51 000
51 000
51 000
51 000
Total tax
21 876
25 297
18 985
21 668
After tax
29 124
25 703
32 015
29 332
Living cost
24 033
24 033
24 033
24 033
Free-cash
5 091
1 670
7 982
5 299

Estimated living cost  is ₴24033 per week

₴16265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5472
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Andorra , Andorra
₴30943
₴25221
₴23866
₴29271
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
957
social contributions
-
-
-
11 220
total
-
-
-
12 177
Employee
15 997
-
44 156
-
income
-
-
1 107
-
social contributions
1 040
-
2 871
-
total
1 040
-
3 978
-
Employer
15 997
-
44 156
-
social contributions
2 480
-
6 844
-
total
2 480
-
6 844
-
Corporate
32 524
51 000
-
-
income
3 252
5 100
-
-
total
3 252
5 100
-
-
Dividends
29 271
45 900
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
6 772
5 100
10 822
12 177
After tax
44 228
45 900
40 178
38 823
Living cost
14 957
14 957
14 957
14 957
Free-cash
29 271
30 943
25 221
23 866

Estimated living cost  is ₴14957 per week

₴9671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1127
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3877
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Copenhagen , Denmark
-₴57404
-₴57404
₴7598
-₴57404
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
labour market
-
-
-
4 045
municipal
-
-
-
9 536
national
-
-
-
5 428
pensions
-
-
-
431
total
-
-
-
19 440
Employee
101 137
101 137
101 137
-
municipal
21 536
21 536
21 536
-
labour market
8 079
8 079
8 079
-
pensions
144
144
144
-
national
12 356
12 356
12 356
-
total
42 115
42 115
42 115
-
Employer
101 137
101 137
101 137
-
national
12 377
12 377
12 377
-
labour market
8 091
8 091
8 091
-
pensions
288
288
288
-
municipal
21 571
21 571
21 571
-
total
42 327
42 327
42 327
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
51 000
51 000
51 000
51 000
Total tax
84 442
84 442
84 442
19 440
After tax
-33 442
-33 442
-33 442
31 560
Living cost
23 962
23 962
23 962
23 962
Free-cash
-57 404
-57 404
-57 404
7 598

Estimated living cost  is ₴23962 per week

₴16400
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Krakow , Poland
-₴6819
₴15418
₴24050
₴2451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
12 481
other
-
-
-
187
health
-
-
-
1 102
pensions
-
-
-
2 102
total
-
-
-
16 000
Employee
17 225
-
43 637
-
pensions
1 940
-
3 854
-
income
2 363
-
8 418
-
health
1 972
-
4 996
-
total
6 275
-
17 268
-
Employer
17 225
-
43 637
-
pensions
2 801
-
5 566
-
accident
288
-
729
-
unemployment
422
-
1 069
-
total
3 511
-
7 364
-
Corporate
30 264
51 000
-
-
income

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

27 238
45 900
-
-
total
27 238
45 900
-
-
Dividends
3 027
5 100
-
-
withholding
575
969
-
-
total
575
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
37 599
46 869
24 632
16 000
After tax
13 401
4 131
26 368
35 000
Living cost
10 950
10 950
10 950
10 950
Free-cash
2 451
-6 819
15 418
24 050

Estimated living cost  is ₴10950 per week

₴7970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
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.
₴2150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Helsinki , Finland
₴14711
₴9893
₴16972
₴13759
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
health
-
-
-
578
municipal
-
-
-
9 076
national
-
-
-
5 270
total
-
-
-
14 924
Employee
26 179
-
42 905
-
municipal
4 288
-
7 005
-
unemployment
393
-
644
-
pensions
1 767
-
2 896
-
national
432
-
2 910
-
health
195
-
453
-
total
7 075
-
13 908
-
Employer
26 179
-
42 905
-
health
201
-
330
-
pensions
4 542
-
7 444
-
accident
26
-
42
-
unemployment
170
-
279
-
total
4 939
-
8 095
-
Corporate
19 882
51 000
-
-
income
3 976
10 200
-
-
total
3 976
10 200
-
-
Dividends

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

11 929
30 600
-
-
municipal
2 147
5 508
-
-
national
-
1 477
-
-
total
2 147
6 985
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 137
17 185
22 003
14 924
After tax
32 863
33 815
28 997
36 076
Living cost
19 104
19 104
19 104
19 104
Free-cash
13 759
14 711
9 893
16 972

Estimated living cost  is ₴19104 per week

₴12478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4484
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Larnaca , Cyprus
₴25803
₴24438
₴24490
₴23096
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
5 734
social contributions
-
-
-
7 956
health
-
-
-
1 300
total
-
-
-
14 990
Employee
38 262
38 262
46 300
-
social contributions
1 447
3 176
3 843
-
income
4 166
3 542
5 712
-
health
296
651
788
-
total
5 909
7 369
10 343
-
Employer
38 262
38 262
46 300
-
health
322
708
856
-
social contributions
1 447
3 176
3 843
-
total
1 769
3 884
4 699
-
Corporate
31 802
8 854
-
-
income
3 975
1 107
-
-
total
3 975
1 107
-
-
Dividends
27 826
7 748
-
-
withholding
4 731
1 317
-
-
total
4 731
1 317
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 384
13 677
15 042
14 990
After tax
34 616
37 323
35 958
36 010
Living cost
11 520
11 520
11 520
11 520
Free-cash
23 096
25 803
24 438
24 490

Estimated living cost  is ₴11520 per week

₴6904
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
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.
₴3231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Podgorica , Montenegro
₴34334
₴23551
₴33233
₴31801
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 887
unemployment
-
-
-
14
health
-
-
-
1 801
pensions
-
-
-
3 165
total
-
-
-
9 867
Employee

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

11 421
-
46 237
-
unemployment
57
-
231
-
pensions
1 713
-
6 936
-
income
781
-
3 689
-
health
971
-
3 930
-
total
3 522
-
14 786
-
Employer

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

11 421
-
46 237
-
health
491
-
1 989
-
pensions
628
-
2 543
-
unemployment
57
-
231
-
total
1 176
-
4 763
-
Corporate
38 403
51 000
-
-
income
3 456
4 590
-
-
total
3 456
4 590
-
-
Dividends
34 947
46 410
-
-
withholding
3 145
4 176
-
-
total
3 145
4 176
-
-
Income
51 000
51 000
51 000
51 000
Total tax
11 299
8 766
19 549
9 867
After tax
39 701
42 234
31 451
41 133
Living cost
7 900
7 900
7 900
7 900
Free-cash
31 801
34 334
23 551
33 233

Estimated living cost  is ₴7900 per week

₴5040
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴569
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Valencia , Spain
₴20677
₴13191
₴13790
₴18068
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
415
income
-
-
-
9 691
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 052
total
-
-
-
23 527
Employee
18 399
-
38 672
-
other
18
-
39
-
unemployment
285
-
600
-
pensions
865
-
1 818
-
income
3 547
-
9 341
-
total
4 715
-
11 798
-
Employer
18 399
-
38 672
-
pensions
4 342
-
9 126
-
accident
364
-
766
-
unemployment
1 012
-
2 126
-
other
147
-
310
-
total
5 865
-
12 328
-
Corporate
26 736
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.

4 010
7 650
-
-
total
4 010
7 650
-
-
Dividends
22 725
43 350
-
-
withholding
4 659
8 990
-
-
total
4 659
8 990
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 249
16 640
24 126
23 527
After tax
31 751
34 360
26 874
27 473
Living cost
13 683
13 683
13 683
13 683
Free-cash
18 068
20 677
13 191
13 790

Estimated living cost  is ₴13683 per week

₴9236
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1315
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.
₴2892
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Istanbul , Turkey
₴30814
₴31474
₴31547
₴30649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 172
health
-
-
-
534
pensions
-
-
-
737
total
-
-
-
18 443
Employee
1 538
-
50 171
-
unemployment
15
-
37
-
pensions
138
-
332
-
income
298
-
17 134
-
health
77
-
184
-
total
528
-
17 687
-
Employer
1 538
-
50 171
-
health
146
-
350
-
pensions
169
-
405
-
unemployment
31
-
74
-
total
346
-
829
-
Corporate
49 116
51 000
-
-
income
10 805
11 220
-
-
total
10 805
11 220
-
-
Dividends
38 310
39 780
-
-
withholding
7 662
7 956
-
-
total
7 662
7 956
-
-
Income
51 000
51 000
51 000
51 000
Total tax
19 341
19 176
18 516
18 443
After tax
31 659
31 824
32 484
32 557
Living cost
1 010
1 010
1 010
1 010
Free-cash
30 649
30 814
31 474
31 547

Estimated living cost  is ₴1010 per week

₴600
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details
Belgrade , Serbia
₴28239
₴18522
₴18521
₴25793
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 966
unemployment
-
-
-
552
health
-
-
-
3 789
pensions
-
-
-
9 564
total
-
-
-
23 871
Employee

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

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

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

12 980
-
44 416
-
unemployment
97
-
276
-
pensions
1 817
-
5 150
-
income
1 789
-
9 966
-
health
668
-
1 894
-
total
4 371
-
17 286
-
Employer

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

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

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

12 980
-
44 416
-
health
668
-
1 894
-
pensions
1 558
-
4 414
-
unemployment
97
-
276
-
total
2 323
-
6 584
-
Corporate
35 697
51 000
-
-
income
5 354
7 650
-
-
total
5 354
7 650
-
-
Dividends
30 342
43 350
-
-
withholding
4 551
6 503
-
-
total
4 551
6 503
-
-
Income
51 000
51 000
51 000
51 000
Total tax
16 599
14 153
23 870
23 871
After tax
34 401
36 847
27 130
27 129
Living cost
8 608
8 608
8 608
8 608
Free-cash
25 793
28 239
18 522
18 521

Estimated living cost  is ₴8608 per week

₴5796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴666
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1897
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Porto , Portugal
₴15594
₴12384
₴15046
₴15414
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
income
-
-
-
4 816
surtax
-
-
-
-
social contributions

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

-
-
-
17 723
total
-
-
-
22 539
Employee
19 312
-
41 212
-
surtax
-
-
-
-
social contributions
2 125
-
4 533
-
income
3 774
-
10 880
-
total
5 899
-
15 413
-
Employer
19 312
-
41 212
-
social contributions
4 586
-
9 788
-
total
4 586
-
9 788
-
Corporate
27 101
51 000
-
-
income
5 691
10 710
-
-
surtax
-
-
-
-
total
5 691
10 710
-
-
Dividends
21 410
40 290
-
-
withholding
5 995
11 281
-
-
total
5 995
11 281
-
-
Income
51 000
51 000
51 000
51 000
Total tax
22 171
21 991
25 201
22 539
After tax
28 829
29 009
25 799
28 461
Living cost
13 415
13 415
13 415
13 415
Free-cash
15 414
15 594
12 384
15 046

Estimated living cost  is ₴13415 per week

₴9501
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴932
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.
₴2744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Madrid , Spain
₴16873
₴9387
₴9986
₴13078
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
415
income
-
-
-
9 691
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 052
total
-
-
-
23 527
Employee
24 031
-
38 672
-
other
24
-
39
-
unemployment
372
-
600
-
pensions
1 129
-
1 818
-
income
5 019
-
9 341
-
total
6 544
-
11 798
-
Employer
24 031
-
38 672
-
pensions
5 671
-
9 126
-
accident
476
-
766
-
unemployment
1 322
-
2 126
-
other
193
-
310
-
total
7 662
-
12 328
-
Corporate
19 307
51 000
-
-
income

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

2 896
7 650
-
-
total
2 896
7 650
-
-
Dividends
16 411
43 350
-
-
withholding
3 333
8 990
-
-
total
3 333
8 990
-
-
Income
51 000
51 000
51 000
51 000
Total tax
20 435
16 640
24 126
23 527
After tax
30 565
34 360
26 874
27 473
Living cost
17 487
17 487
17 487
17 487
Free-cash
13 078
16 873
9 387
9 986

Estimated living cost  is ₴17487 per week

₴12559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
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.
₴3323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Sofia , Bulgaria
₴35049
₴31761
₴30156
₴32017
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
7 650
unemployment
-
-
-
69
health
-
-
-
1 998
pensions

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

-
-
-
2 571
total
-
-
-
12 288
Employee
11 330
-
47 591
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
pensions

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

995
-
1 526
-
income
1 133
-
4 759
-
health
521
-
799
-
total
2 774
-
7 275
-
Employer
11 330
-
47 591
-
health
782
-
1 199
-
pensions

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

1 248
-
1 914
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
unemployment
68
-
104
-
total
2 223
-
3 408
-
Corporate
37 447
51 000
-
-
income
3 745
5 100
-
-
total
3 745
5 100
-
-
Dividends
33 702
45 900
-
-
withholding
1 685
2 295
-
-
total
1 685
2 295
-
-
Income
51 000
51 000
51 000
51 000
Total tax
10 427
7 395
10 683
12 288
After tax
40 573
43 605
40 317
38 712
Living cost
8 556
8 556
8 556
8 556
Free-cash
32 017
35 049
31 761
30 156

Estimated living cost  is ₴8556 per week

₴5659
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.
₴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.
₴2204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Berlin , Germany
₴7098
₴16942
₴12943
₴13607
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
income

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

-
-
-
10 852
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.

-
-
-
597
health

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

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

-
-
-
3 399
trade
-
-
-
3 999
total
-
-
-
18 847
Employee

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

24 758
-
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.

112
-
597
-
income

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

2 036
-
10 852
-
health

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

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

3 399
-
3 399
-
total
5 547
-
14 848
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 242
51 000
-
-
income
3 937
7 650
-
-
surtax

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

216
421
-
-
chamber of commerce
114
150
-
-
trade
3 766
7 318
-
-
total
8 033
15 539
-
-
Dividends
18 209
35 460
-
-
surtax

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

240
477
-
-
withholding
4 363
8 676
-
-
total
4 603
9 153
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 183
24 692
14 848
18 847
After tax
32 817
26 308
36 152
32 153
Living cost
19 210
19 210
19 210
19 210
Free-cash
13 607
7 098
16 942
12 943

Estimated living cost  is ₴19210 per week

₴13252
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Dublin , Ireland
₴7355
₴5919
₴5919
₴8454
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
income
-
-
-
12 175
social contributions
-
-
-
4 561
total
-
-
-
16 736
Employee
38 922
-
51 000
-
income
7 344
-
12 175
-
social contributions
3 234
-
4 561
-
total
10 578
-
16 736
-
Employer
38 922
-
51 000
-
total
-
-
-
-
Corporate
12 078
51 000
-
-
income
1 510
6 375
-
-
total
1 510
6 375
-
-
Dividends
10 568
44 625
-
-
withholding
2 113
8 925
-
-
total
2 113
8 925
-
-
Income
51 000
51 000
51 000
51 000
Total tax
14 201
15 300
16 736
16 736
After tax
36 799
35 700
34 264
34 264
Living cost
28 345
28 345
28 345
28 345
Free-cash
8 454
7 355
5 919
5 919

Estimated living cost  is ₴28345 per week

₴21564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2310
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4200
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Sliema , Malta
₴12459
₴19412
₴15752
₴14303
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
51 000
income
-
-
-
14 164
health

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

-
-
-
3 022
total
-
-
-
17 186
Employee
22 826
-
48 711
-
income
2 477
-
8 948
-
social contributions
2 287
-
2 289
-
total
4 764
-
11 237
-
Employer
22 826
-
48 711
-
social contributions
2 287
-
2 289
-
total
2 287
-
2 289
-
Corporate
25 887
51 000
-
-
income
9 060
17 850
-
-
total
9 060
17 850
-
-
Dividends
16 827
33 150
-
-
social contributions
2 524
2 629
-
-
total
2 524
2 629
-
-
Income
51 000
51 000
51 000
51 000
Total tax
18 635
20 479
13 526
17 186
After tax
32 365
30 521
37 474
33 814
Living cost
18 062
18 062
18 062
18 062
Free-cash
14 303
12 459
19 412
15 752

Estimated living cost  is ₴18062 per week

₴11898
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
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.
₴4464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Edinburgh , United Kingdom
₴18848
₴13413
₴18083
₴16910
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 678
pensions
-
-
-
3 746
total
-
-
-
14 424
Employee
25 384
-
44 891
-
pensions
1 937
-
4 278
-
income
4 623
-
7 976
-
health
331
-
731
-
total
6 891
-
12 985
-
Employer
25 384
-
44 891
-
health
482
-
853
-
pensions
2 565
-
5 256
-
total
3 047
-
6 109
-
Corporate
22 569
51 000
-
-
income

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

4 288
9 690
-
-
total
4 288
9 690
-
-
Dividends
18 281
41 310
-
-
withholding
1 371
3 969
-
-
total
1 371
3 969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
15 597
13 659
19 094
14 424
After tax
35 403
37 341
31 906
36 576
Living cost
18 493
18 493
18 493
18 493
Free-cash
16 910
18 848
13 413
18 083

Estimated living cost  is ₴18493 per week

₴12686
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1701
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3874
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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.

Warsaw , Poland
-₴7903
₴14334
₴22966
₴2285
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
12 481
other
-
-
-
187
health
-
-
-
1 102
pensions
-
-
-
2 102
total
-
-
-
16 000
Employee
18 930
-
43 637
-
pensions
2 132
-
3 854
-
income
2 597
-
8 418
-
health
2 167
-
4 996
-
total
6 896
-
17 268
-
Employer
18 930
-
43 637
-
pensions
3 078
-
5 566
-
accident
316
-
729
-
unemployment
464
-
1 069
-
total
3 858
-
7 364
-
Corporate
28 212
51 000
-
-
income

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

25 391
45 900
-
-
total
25 391
45 900
-
-
Dividends
2 821
5 100
-
-
withholding
536
969
-
-
total
536
969
-
-
Income
51 000
51 000
51 000
51 000
Total tax
36 681
46 869
24 632
16 000
After tax
14 319
4 131
26 368
35 000
Living cost
12 034
12 034
12 034
12 034
Free-cash
2 285
-7 903
14 334
22 966

Estimated living cost  is ₴12034 per week

₴8832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
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.
₴2259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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.

Skopje , Macedonia
₴36193
₴25478
₴22398
₴34207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
51 000
income
-
-
-
7 854
unemployment
-
-
-
612
work injury
-
-
-
255
health insurance
-
-
-
3 774
pensions
-
-
-
9 384
total
-
-
-
21 879
Employee

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

10 757
-
51 000
-
health insurance
796
-
2 945
-
unemployment
129
-
478
-
work injury
54
-
199
-
pensions
1 979
-
7 323
-
income
1 076
-
7 854
-
total
4 034
-
18 799
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
40 243
51 000
-
-
income

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

-
510
-
-
total
-
510
-
-
Dividends
40 243
50 490
-
-
withholding
6 036
7 574
-
-
total
6 036
7 574
-
-
Income
51 000
51 000
51 000
51 000
Total tax
10 070
8 084
18 799
21 879
After tax
40 930
42 916
32 201
29 121
Living cost
6 723
6 723
6 723
6 723
Free-cash
34 207
36 193
25 478
22 398

Estimated living cost  is ₴6723 per week

₴4165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
Rome , Italy
₴7040
₴3437
₴5769
₴4777
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
51 000
social contributions
-
-
-
13 117
regional
-
-
-
1 030
municipal
-
-
-
341
national
-
-
-
10 920
total
-
-
-
25 408
Employee
41 930
-
51 000
-
municipal
250
-
304
-
national
7 086
-
9 370
-
regional
633
-
869
-
social contributions
14 138
-
17 197
-
total
22 107
-
27 740
-
Employer
41 930
-
51 000
-
total
-
-
-
-
Corporate
9 070
51 000
-
-
municipal
437
2 458
-
-
nationa
2 177
12 240
-
-
total
2 614
14 698
-
-
Dividends
6 457
36 302
-
-
withholding
1 679
9 439
-
-
total
1 679
9 439
-
-
Income
51 000
51 000
51 000
51 000
Total tax
26 400
24 137
27 740
25 408
After tax
24 600
26 863
23 260
25 592
Living cost
19 823
19 823
19 823
19 823
Free-cash
4 777
7 040
3 437
5 769

Estimated living cost  is ₴19823 per week

₴13924
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4235
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
Adjust living cost Show details Source
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