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
₴ 52500
per

Your estimated
City
free-cash

Dresden , Germany
₴13544
₴18282
₴17032
₴22164
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
52 500
trade
-
-
-
5 132
income

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

-
-
-
13 684
health

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

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

-
-
-
2 926
surtax

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

-
-
-
753
total
-
-
-
22 495
Employee

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

16 382
-
52 500
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
753
-
income

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

458
-
13 684
-
total
3 409
-
17 363
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 118
52 500
-
-
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.

298
433
-
-
income
5 417
7 875
-
-
trade
5 689
8 269
-
-
chamber of commerce
117
141
-
-
total
11 521
16 718
-
-
Dividends
24 596
35 782
-
-
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.

329
483
-
-
withholding
5 986
8 782
-
-
total
6 315
9 265
-
-
Income
52 500
52 500
52 500
52 500
Total tax
21 245
25 983
17 363
22 495
After tax
31 255
26 517
35 137
30 005
Living cost
12 973
12 973
12 973
12 973
Free-cash
18 282
13 544
22 164
17 032

Estimated living cost  is ₴12973 per week

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

Additional information

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

Source of data for Dresden model

Close
Reykjavik , Iceland
₴11117
₴10756
₴9739
₴10151
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
municipal
-
-
-
5 591
pensions
-
-
-
6 300
national
-
-
-
8 663
social contributions
-
-
-
564
total
-
-
-
21 118
Employee
33 550
-
45 386
-
municipal
4 144
-
5 794
-
pensions
1 342
-
1 815
-
national
6 422
-
8 978
-
total
11 908
-
16 587
-
Employer
33 550
-
45 386
-
social contributions
361
-
488
-
pensions
2 684
-
3 631
-
total
3 045
-
4 119
-
Corporate
13 691
52 500
-
-
income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

2 738
10 500
-
-
total
2 738
10 500
-
-
Dividends
10 952
42 000
-
-
withholding
2 410
9 240
-
-
total
2 410
9 240
-
-
Income
52 500
52 500
52 500
52 500
Total tax
20 101
19 740
20 706
21 118
After tax
32 399
32 760
31 794
31 382
Living cost
21 643
21 643
21 643
21 643
Free-cash
10 756
11 117
10 151
9 739

Estimated living cost  is ₴21643 per week

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

Additional information

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

Source of data for Reykjavik model

Close
Riga , Latvia
₴33089
₴29575
₴5977
₴20570
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
52 500
microenterprise
-
-
-
-
income
-
-
-
7 813
surtax
-
-
-
13 388
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.

-
-
-
16 411
total
-
-
-
37 612
Employee
12 516
-
42 308
-
social contributions

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

1 377
-
4 654
-
surtax
-
-
-
-
income
2 228
-
8 173
-
total
3 605
-
12 827
-
Employer
12 516
-
42 308
-
social contributions

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

3 015
-
10 192
-
surtax
-
-
-
-
total
3 015
-
10 192
-
Corporate
36 970
52 500
-
-
income

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

7 394
10 500
-
-
total
7 394
10 500
-
-
Dividends

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

29 575
42 000
-
-
total
-
-
-
-
Income
52 500
52 500
52 500
52 500
Total tax
14 014
10 500
23 019
37 612
After tax
38 486
42 000
29 481
14 888
Living cost
8 911
8 911
8 911
8 911
Free-cash
29 575
33 089
20 570
5 977

Estimated living cost  is ₴8911 per week

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

Source of data for Riga model

Close
Rotterdam , Netherlands
₴7708
₴5082
₴12203
₴10491
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
12 054
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
22 354
Employee
36 577
36 577
44 677
-
health
5 614
4 775
5 237
-
income

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

5 987
5 987
5 987
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
16 242
-
Employer
36 577
36 577
44 677
-
unemployment
1 317
1 317
1 609
-
pensions
2 546
2 546
3 110
-
health
2 542
2 542
3 105
-
total
6 405
6 405
7 824
-
Corporate
9 967
9 518
-
-
income
1 994
1 904
-
-
total
1 994
1 904
-
-
Dividends
7 973
7 615
-
-
income
1 695
1 618
-
-
withholding
1 196
1 142
-
-
total
2 891
2 760
-
-
Income
52 500
52 500
52 500
52 500
Total tax
29 475
26 849
24 066
22 354
After tax
23 025
25 651
28 434
30 146
Living cost
17 943
17 943
17 943
17 943
Free-cash
5 082
7 708
10 491
12 203

Estimated living cost  is ₴17943 per week

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

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴12116
₴11745
₴11371
₴10925
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
municipal
-
-
-
12 522
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 215
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
1 550
total
-
-
-
24 580
Employee
23 581
-
41 104
-
municipal
7 032
-
12 257
-
national
-
-
1 372
-
total
7 032
-
13 629
-
Employer
23 581
-
41 104
-
accident
47
-
73
-
other
2 740
-
4 215
-
unemployment
623
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 409
-
11 397
-
Corporate
21 510
52 500
-
-
income
4 732
11 550
-
-
total
4 732
11 550
-
-
Dividends
16 778
40 950
-
-
withholding
5 033
12 285
-
-
total
5 033
12 285
-
-
Income
52 500
52 500
52 500
52 500
Total tax
24 206
23 835
25 026
24 580
After tax
28 294
28 665
27 474
27 920
Living cost
16 549
16 549
16 549
16 549
Free-cash
11 745
12 116
10 925
11 371

Estimated living cost  is ₴16549 per week

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

Source of data for Stockholm model

Close
Hamburg , Germany
₴9421
₴15439
₴12951
₴18311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
52 500
trade
-
-
-
5 360
income

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

-
-
-
13 684
health

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

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

-
-
-
2 926
surtax

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

-
-
-
753
total
-
-
-
22 723
Employee

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

21 721
-
52 500
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
753
-
income

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

1 866
-
13 684
-
total
4 894
-
17 363
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
30 779
52 500
-
-
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.

254
433
-
-
income
4 617
7 875
-
-
trade
5 063
8 636
-
-
chamber of commerce
109
140
-
-
total
10 043
17 084
-
-
Dividends
20 737
35 415
-
-
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.

276
478
-
-
withholding
5 022
8 691
-
-
total
5 298
9 169
-
-
Income
52 500
52 500
52 500
52 500
Total tax
20 235
26 253
17 363
22 723
After tax
32 265
26 247
35 137
29 777
Living cost
16 826
16 826
16 826
16 826
Free-cash
15 439
9 421
18 311
12 951

Estimated living cost  is ₴16826 per week

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

Additional information

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

Source of data for Hamburg model

Close
Limassol , Cyprus
₴24482
₴22706
₴22914
₴22349
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
7 425
health
-
-
-
1 339
social contributions
-
-
-
6 930
total
-
-
-
15 694
Employee
32 936
32 936
47 926
-
social contributions
1 600
2 733
3 687
-
health
328
560
814
-
income
3 459
3 049
7 184
-
total
5 387
6 342
11 685
-
Employer
32 936
32 936
47 926
-
social contributions
1 600
2 733
3 687
-
health
357
610
887
-
total
1 957
3 343
4 574
-
Corporate
31 264
16 221
-
-
income
3 908
2 028
-
-
total
3 908
2 028
-
-
Dividends
27 356
14 193
-
-
withholding
4 650
2 413
-
-
total
4 650
2 413
-
-
Income
52 500
52 500
52 500
52 500
Total tax
15 902
14 126
16 259
15 694
After tax
36 598
38 374
36 241
36 806
Living cost
13 892
13 892
13 892
13 892
Free-cash
22 706
24 482
22 349
22 914

Estimated living cost  is ₴13892 per week

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

Source of data for Limassol model

Close
Budapest , Hungary
₴21758
₴21920
₴28588
₴22653
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
6 418
pensions
-
-
-
5 250
unemployment
-
-
-
787
health
-
-
-
3 675
total
-
-
-
16 130
Employee

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

The minimum wage is 138,000 HUF per month.

11 234
4 471
43 933
-
health
786
313
3 075
-
income
1 373
547
5 371
-
pensions
1 123
447
4 393
-
unemployment
169
67
659
-
total
3 451
1 374
13 498
-
Employer

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

The minimum wage is 138,000 HUF per month.

11 234
4 471
43 933
-
pensions
2 191
872
8 567
-
total
2 191
872
8 567
-
Corporate
39 076
47 157
-
-
income
3 517
4 244
-
-
total
3 517
4 244
-
-
Dividends
35 559
42 913
-
-
social contributions
6 883
8 317
-
-
withholding
6 756
8 153
-
-
total
13 639
16 470
-
-
Income
52 500
52 500
52 500
52 500
Total tax
22 798
22 960
22 065
16 130
After tax
29 702
29 540
30 435
36 370
Living cost
7 782
7 782
7 782
7 782
Free-cash
21 920
21 758
22 653
28 588

Estimated living cost  is ₴7782 per week

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

Source of data for Budapest model

Close
Tallinn , Estonia
₴31655
₴28994
₴17795
₴19916
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
7 035
pensions
-
-
-
10 500
health
-
-
-
6 825
total
-
-
-
24 360
Employee
12 151
-
39 237
-
income
1 368
-
7 565
-
pensions
243
-
784
-
unemployment
194
-
627
-
total
1 805
-
8 976
-
Employer
12 151
-
39 237
-
unemployment
98
-
314
-
pensions
2 430
-
7 848
-
health
1 579
-
5 101
-
total
4 107
-
13 263
-
Corporate
36 242
52 500
-
-
income
7 249
10 500
-
-
total
7 249
10 500
-
-
Dividends
28 993
42 000
-
-
total
-
-
-
-
Income
52 500
52 500
52 500
52 500
Total tax
13 161
10 500
22 239
24 360
After tax
39 339
42 000
30 261
28 140
Living cost
10 345
10 345
10 345
10 345
Free-cash
28 994
31 655
19 916
17 795

Estimated living cost  is ₴10345 per week

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

Source of data for Tallinn model

Close
Gdansk , Poland
-₴5116
₴2815
₴26601
₴18358
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
accident
-
-
-
108
income
-
-
-
13 564
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
16 531
Employee
14 736
-
45 917
-
health
1 687
-
5 257
-
income
2 022
-
9 685
-
pensions
1 659
-
3 249
-
total
5 368
-
18 191
-
Employer
14 736
-
45 917
-
accident
246
-
767
-
unemployment
361
-
1 125
-
pensions
2 396
-
4 691
-
total
3 003
-
6 583
-
Corporate
34 761
52 500
-
-
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.

31 285
47 250
-
-
total
31 285
47 250
-
-
Dividends
3 476
5 250
-
-
withholding
661
998
-
-
total
661
998
-
-
Income
52 500
52 500
52 500
52 500
Total tax
40 317
48 248
24 774
16 531
After tax
12 183
4 252
27 726
35 969
Living cost
9 368
9 368
9 368
9 368
Free-cash
2 815
-5 116
18 358
26 601

Estimated living cost  is ₴9368 per week

₴6866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Gdansk model

Close
Batumi , Georgia
₴46021
₴45299
₴48121
₴38146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
52 500
microenterprise

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

-
-
-
525
total
-
-
-
525
Employee
4 817
-
52 500
-
income
963
-
10 500
-
total
963
-
10 500
-
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%.

47 683
52 500
-
-
total
-
-
-
-
Dividends
47 683
52 500
-
-
withholding
2 384
2 625
-
-
total
2 384
2 625
-
-
Income
52 500
52 500
52 500
52 500
Total tax
3 347
2 625
10 500
525
After tax
49 153
49 875
42 000
51 975
Living cost
3 854
3 854
3 854
3 854
Free-cash
45 299
46 021
38 146
48 121

Estimated living cost  is ₴3854 per week

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

Additional information

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

Source of data for Batumi model

Close
Bratislava , Slovakia
₴27159
₴24268
₴16722
₴18894
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
6 962
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.

-
-
-
12 599
other
-
-
-
2 494
health
-
-
-
2 310
total
-
-
-
24 365
Employee
15 552
-
41 932
-
health
218
-
587
-
income
2 677
-
7 685
-
pensions

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

1 088
-
2 936
-
unemployment
155
-
419
-
total
4 138
-
11 627
-
Employer
15 552
-
41 932
-
accident
124
-
336
-
other
778
-
2 096
-
unemployment
155
-
419
-
pensions

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

2 644
-
7 128
-
health
218
-
587
-
total
3 919
-
10 566
-
Corporate
33 029
52 500
-
-
income
6 936
11 025
-
-
total
6 936
11 025
-
-
Dividends
26 093
41 475
-
-
withholding
1 826
2 903
-
-
total
1 826
2 903
-
-
Income
52 500
52 500
52 500
52 500
Total tax
16 819
13 928
22 193
24 365
After tax
35 681
38 572
30 307
28 135
Living cost
11 413
11 413
11 413
11 413
Free-cash
24 268
27 159
18 894
16 722

Estimated living cost  is ₴11413 per week

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

Source of data for Bratislava model

Close
London , United Kingdom
₴8124
₴4688
₴7813
₴2932
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
12 540
pensions
-
-
-
3 403
total
-
-
-
15 943
Employee
40 669
-
46 077
-
health
670
-
758
-
income
7 331
-
9 287
-
pensions
3 923
-
4 355
-
total
11 924
-
14 400
-
Employer
40 669
-
46 077
-
pensions
4 802
-
5 548
-
health
772
-
876
-
total
5 574
-
6 424
-
Corporate
6 257
52 500
-
-
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.

1 189
9 975
-
-
total
1 189
9 975
-
-
Dividends
5 068
42 525
-
-
withholding
381
5 657
-
-
total
381
5 657
-
-
Income
52 500
52 500
52 500
52 500
Total tax
19 068
15 632
20 824
15 943
After tax
33 432
36 868
31 676
36 557
Living cost
28 744
28 744
28 744
28 744
Free-cash
4 688
8 124
2 932
7 813

Estimated living cost  is ₴28744 per week

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

Additional information

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

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

Source of data for London model

Close
Varna , Bulgaria
₴39269
₴37278
₴35008
₴36819
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
7 875
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
11 873
Employee
7 440
-
49 563
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
4 956
-
pensions

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

653
-
1 314
-
total
1 821
-
7 124
-
Employer
7 440
-
49 563
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
43 600
52 500
-
-
income
4 360
5 250
-
-
total
4 360
5 250
-
-
Dividends
39 240
47 250
-
-
withholding
1 962
2 362
-
-
total
1 962
2 362
-
-
Income
52 500
52 500
52 500
52 500
Total tax
9 603
7 612
10 062
11 873
After tax
42 897
44 888
42 438
40 627
Living cost
5 619
5 619
5 619
5 619
Free-cash
37 278
39 269
36 819
35 008

Estimated living cost  is ₴5619 per week

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

Source of data for Varna model

Close
Amsterdam , Netherlands
₴1900
₴2977
₴6395
₴4683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
12 054
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
22 354
Employee
39 710
36 577
44 677
-
health
4 954
4 775
5 237
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
16 242
-
Employer
39 710
36 577
44 677
-
unemployment
1 430
1 317
1 609
-
pensions
2 764
2 546
3 110
-
health
2 759
2 542
3 105
-
total
6 953
6 405
7 824
-
Corporate
5 837
9 518
-
-
income
1 167
1 904
-
-
total
1 167
1 904
-
-
Dividends
4 670
7 615
-
-
income
992
1 618
-
-
withholding
701
1 142
-
-
total
1 693
2 760
-
-
Income
52 500
52 500
52 500
52 500
Total tax
25 772
26 849
24 066
22 354
After tax
26 728
25 651
28 434
30 146
Living cost
23 751
23 751
23 751
23 751
Free-cash
2 977
1 900
4 683
6 395

Estimated living cost  is ₴23751 per week

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

Source of data for Amsterdam model

Close
Brno , Czech Republic
₴25887
₴22226
₴15793
₴16383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
4 598
health
-
-
-
7 088
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 762
total
-
-
-
26 448
Employee
15 086
-
39 179
-
social contributions
981
-
2 547
-
health
2 037
-
5 289
-
solidarity contribution
-
-
-
-
income
1 810
-
4 701
-
total
4 828
-
12 537
-
Employer
15 086
-
39 179
-
social contributions
3 772
-
9 795
-
health
1 358
-
3 526
-
total
5 130
-
13 321
-
Corporate
32 284
52 500
-
-
income
6 134
9 975
-
-
total
6 134
9 975
-
-
Dividends
26 150
42 525
-
-
withholding
3 923
6 379
-
-
total
3 923
6 379
-
-
Income
52 500
52 500
52 500
52 500
Total tax
20 015
16 354
25 858
26 448
After tax
32 485
36 146
26 642
26 052
Living cost
10 259
10 259
10 259
10 259
Free-cash
22 226
25 887
16 383
15 793

Estimated living cost  is ₴10259 per week

₴7126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴9938
₴7701
₴8188
₴5690
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
municipal
-
-
-
312
regional
-
-
-
597
national
-
-
-
11 827
social contributions
-
-
-
13 503
total
-
-
-
26 239
Employee
38 066
-
52 500
-
social contributions
12 836
-
17 703
-
regional
359
-
524
-
municipal
202
-
278
-
national
6 596
-
10 232
-
total
19 993
-
28 737
-
Employer
38 066
-
52 500
-
total
-
-
-
-
Corporate
14 434
52 500
-
-
nationa
3 464
12 600
-
-
municipal
563
2 047
-
-
total
4 027
14 647
-
-
Dividends
10 406
37 852
-
-
withholding
2 706
9 842
-
-
total
2 706
9 842
-
-
Income
52 500
52 500
52 500
52 500
Total tax
26 726
24 489
28 737
26 239
After tax
25 774
28 011
23 763
26 261
Living cost
18 073
18 073
18 073
18 073
Free-cash
7 701
9 938
5 690
8 188

Estimated living cost  is ₴18073 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Thessaloniki , Greece
₴23571
₴22238
₴16056
₴15191
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
11 164
pensions
-
-
-
10 500
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 728
surtax
-
-
-
1 502
total
-
-
-
26 992
Employee
14 164
-
43 371
-
other
-
-
-
-
health
362
-
1 105
-
surtax
46
-
1 366
-
income
2 374
-
10 345
-
pensions
944
-
2 893
-
unemployment
986
-
3 019
-
total
4 712
-
18 728
-
Employer
14 164
-
43 371
-
other
-
-
-
-
unemployment
449
-
1 374
-
pensions
1 888
-
5 782
-
health
645
-
1 973
-
total
2 982
-
9 129
-
Corporate
35 354
52 500
-
-
income
9 192
13 650
-
-
total
9 192
13 650
-
-
Dividends
26 162
38 850
-
-
withholding
3 924
5 827
-
-
total
3 924
5 827
-
-
Income
52 500
52 500
52 500
52 500
Total tax
20 810
19 477
27 857
26 992
After tax
31 690
33 023
24 643
25 508
Living cost
9 452
9 452
9 452
9 452
Free-cash
22 238
23 571
15 191
16 056

Estimated living cost  is ₴9452 per week

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

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴17231
₴16317
₴16920
₴12039
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
12 540
pensions
-
-
-
3 403
total
-
-
-
15 943
Employee
27 255
-
46 077
-
health
396
-
758
-
income
4 909
-
9 287
-
pensions
2 313
-
4 355
-
total
7 618
-
14 400
-
Employer
27 255
-
46 077
-
pensions
2 950
-
5 548
-
health
518
-
876
-
total
3 468
-
6 424
-
Corporate
21 777
52 500
-
-
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.

4 137
9 975
-
-
total
4 137
9 975
-
-
Dividends
17 639
42 525
-
-
withholding
1 323
5 657
-
-
total
1 323
5 657
-
-
Income
52 500
52 500
52 500
52 500
Total tax
16 546
15 632
20 824
15 943
After tax
35 954
36 868
31 676
36 557
Living cost
19 637
19 637
19 637
19 637
Free-cash
16 317
17 231
12 039
16 920

Estimated living cost  is ₴19637 per week

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

Additional information

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

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

Source of data for Cambridge model

Close
Zurich , Switzerland
-₴8365
₴5484
₴10994
₴8389
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
city
-
-
-
554
pensions
-
-
-
4 830
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.

-
-
-
1 050
regional
-
-
-
2 080
health
-
-
-
118
national
-
-
-
502
total
-
-
-
9 134
Employee
37 884
-
46 990
-
city
407
-
505
-
regional
1 241
-
1 794
-
health
86
-
106
-
pensions
3 183
-
3 948
-
unemployment
-
-
-
-
national
179
-
392
-
total
5 096
-
6 745
-
Employer
37 884
-
46 990
-
other

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

757
-
940
-
unemployment
-
-
-
-
pensions
3 183
-
3 948
-
health
86
-
106
-
total
4 026
-
4 994
-
Corporate
10 174
52 500
-
-
regional
2 152
11 104
-
-
national
865
4 462
-
-
total
3 017
15 566
-
-
Dividends
7 158
36 934
-
-
withholding
2 505
12 927
-
-
total
2 505
12 927
-
-
Income
52 500
52 500
52 500
52 500
Total tax
14 644
28 493
11 739
9 134
After tax
37 856
24 007
40 761
43 366
Living cost
32 372
32 372
32 372
32 372
Free-cash
5 484
-8 365
8 389
10 994

Estimated living cost  is ₴32372 per week

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

Additional information

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

Source of data for Zurich model

Close
Munich , Germany
₴6355
₴13300
₴9927
₴15516
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
52 500
trade
-
-
-
5 589
income

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

-
-
-
13 684
health

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

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

-
-
-
2 926
surtax

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

-
-
-
753
total
-
-
-
22 952
Employee

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

25 741
-
52 500
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
753
-
income

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

3 027
-
13 684
-
total
6 120
-
17 363
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
26 759
52 500
-
-
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.

221
433
-
-
income
4 014
7 875
-
-
trade
4 589
9 004
-
-
chamber of commerce
102
139
-
-
total
8 926
17 451
-
-
Dividends
17 833
35 049
-
-
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.

237
473
-
-
withholding
4 296
8 600
-
-
total
4 533
9 073
-
-
Income
52 500
52 500
52 500
52 500
Total tax
19 579
26 524
17 363
22 952
After tax
32 921
25 976
35 137
29 548
Living cost
19 621
19 621
19 621
19 621
Free-cash
13 300
6 355
15 516
9 927

Estimated living cost  is ₴19621 per week

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

Additional information

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

Source of data for Munich model

Close
Nice , France
₴11804
₴14337
₴15303
₴16752
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
6 367
pensions
-
-
-
11 549
other
-
-
-
1 627
health
-
-
-
1 504
surtax
-
-
-
-
social contributions
-
-
-
1 496
total
-
-
-
22 543
Employee
18 331
-
41 929
-
social contributions
523
-
1 194
-
surtax
-
-
-
-
income
1 082
-
6 966
-
pensions
2 073
-
2 362
-
total
3 678
-
10 522
-
Employer
18 331
-
41 929
-
other
632
-
1 447
-
social contributions
55
-
126
-
unemployment
742
-
1 698
-
pensions
3 011
-
4 076
-
health
1 283
-
3 225
-
total
5 723
-
10 572
-
Corporate
28 444
52 500
-
-
surtax
-
-
-
-
income
7 964
14 700
-
-
total
7 964
14 700
-
-
Dividends
20 480
37 800
-
-
surtax
-
-
-
-
social contributions
3 523
6 503
-
-
withholding
2 621
4 839
-
-
total
6 144
11 342
-
-
Income
52 500
52 500
52 500
52 500
Total tax
23 509
26 042
21 094
22 543
After tax
28 991
26 458
31 406
29 957
Living cost
14 654
14 654
14 654
14 654
Free-cash
14 337
11 804
16 752
15 303

Estimated living cost  is ₴14654 per week

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

Source of data for Nice model

Close
Marseille , France
₴13256
₴15638
₴16755
₴18204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
6 367
pensions
-
-
-
11 549
other
-
-
-
1 627
health
-
-
-
1 504
surtax
-
-
-
-
social contributions
-
-
-
1 496
total
-
-
-
22 543
Employee
16 363
-
41 929
-
social contributions
467
-
1 194
-
surtax
-
-
-
-
income
844
-
6 966
-
pensions
1 851
-
2 362
-
total
3 162
-
10 522
-
Employer
16 363
-
41 929
-
other
565
-
1 447
-
social contributions
49
-
126
-
unemployment
662
-
1 698
-
pensions
2 689
-
4 076
-
health
1 145
-
3 225
-
total
5 110
-
10 572
-
Corporate
31 027
52 500
-
-
surtax
-
-
-
-
income
8 687
14 700
-
-
total
8 687
14 700
-
-
Dividends
22 339
37 800
-
-
surtax
-
-
-
-
social contributions
3 842
6 503
-
-
withholding
2 859
4 839
-
-
total
6 701
11 342
-
-
Income
52 500
52 500
52 500
52 500
Total tax
23 660
26 042
21 094
22 543
After tax
28 840
26 458
31 406
29 957
Living cost
13 202
13 202
13 202
13 202
Free-cash
15 638
13 256
18 204
16 755

Estimated living cost  is ₴13202 per week

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

Source of data for Marseille model

Close
Vilnius , Lithuania
₴22948
₴23171
₴24634
₴24226
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
7 875
health
-
-
-
3 664
social contributions
-
-
-
7 245
total
-
-
-
18 784
Employee
14 522
-
52 500
-
social contributions
2 004
-
7 245
-
health
1 014
-
3 664
-
income
2 422
-
8 283
-
total
5 440
-
19 192
-
Employer
14 522
-
52 500
-
total
-
-
-
-
Corporate
37 978
52 500
-
-
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%.

1 899
2 625
-
-
total
1 899
2 625
-
-
Dividends
36 079
49 875
-
-
health
2 518
3 481
-
-
social contributions
4 978
6 883
-
-
withholding
5 412
7 481
-
-
total
12 908
17 845
-
-
Income
52 500
52 500
52 500
52 500
Total tax
20 247
20 470
19 192
18 784
After tax
32 253
32 030
33 308
33 716
Living cost
9 082
9 082
9 082
9 082
Free-cash
23 171
22 948
24 226
24 634

Estimated living cost  is ₴9082 per week

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

Source of data for Vilnius model

Close
Vienna , Austria
₴14174
₴13513
₴11071
-₴410
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
chamber of commerce
-
-
-
210
income
-
-
-
10 330
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
85
total
-
-
-
26 337
Employee
21 405
17 069
40 702
-
other
214
171
407
-
health
828
661
1 575
-
income
2 437
1 259
8 878
-
pensions
2 192
1 748
4 168
-
unemployment
642
512
1 221
-
total
6 313
4 351
16 249
-
Employer
21 405
17 069
40 702
-
accident
278
222
529
-
other
1 017
810
1 934
-
chamber of commerce
85
68
163
-
unemployment
642
512
1 221
-
surtax
85
85
85
-
pensions
2 686
2 143
5 108
-
payroll
642
512
1 221
-
health
809
645
1 539
-
total
6 244
4 997
11 800
-
Corporate
24 851
30 434
39 076
-
income

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

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

6 212
7 609
9 769
-
total
6 212
7 609
9 769
-
Dividends
18 638
22 825
-
-
withholding
5 126
6 277
-
-
total
5 126
6 277
-
-
Income
52 500
52 500
52 500
52 500
Total tax
23 895
23 234
37 818
26 337
After tax
28 605
29 266
14 682
26 163
Living cost
15 092
15 092
15 092
15 092
Free-cash
13 513
14 174
-410
11 071

Estimated living cost  is ₴15092 per week

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

Additional information

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

Source of data for Vienna model

Close
Brussels , Belgium
₴13792
₴7368
₴8010
₴4148
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
national
-
-
-
17 852
communal

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

-
-
-
2 647
social contributions
-
-
-
8 374
total
-
-
-
28 873
Employee

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

30 638
-
40 663
-
communal

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

1 598
-
2 121
-
health

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

1 439
-
1 911
-
pensions

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

2 298
-
3 050
-
unemployment

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

267
-
354
-
national
9 419
-
13 463
-
total
15 021
-
20 899
-
Employer

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

30 638
-
40 663
-
accident

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

398
-
528
-
unemployment

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

447
-
593
-
surtax
3 474
-
4 612
-
pensions

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

2 715
-
3 602
-
health

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

1 884
-
2 501
-
total
8 918
-
11 836
-
Corporate
12 944
52 500
-
-
surtax
52
210
-
-
income
2 589
10 500
-
-
total
2 641
10 710
-
-
Dividends
10 303
41 790
-
-
withholding

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

2 935
12 381
-
-
total
2 935
12 381
-
-
Income
52 500
52 500
52 500
52 500
Total tax
29 515
23 091
32 735
28 873
After tax
22 985
29 409
19 765
23 627
Living cost
15 617
15 617
15 617
15 617
Free-cash
7 368
13 792
4 148
8 010

Estimated living cost  is ₴15617 per week

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

Source of data for Brussels model

Close
Barcelona , Spain
₴19804
₴16470
₴13597
₴11540
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
accident
-
-
-
358
income
-
-
-
11 524
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
23 435
Employee
21 321
-
39 844
-
other
21
-
40
-
income
4 499
-
10 315
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 853
-
12 836
-
Employer
21 321
-
39 844
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
24 383
52 500
-
-
income

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

3 658
7 875
-
-
total
3 658
7 875
-
-
Dividends
20 726
44 625
-
-
withholding
4 255
9 353
-
-
total
4 255
9 353
-
-
Income
52 500
52 500
52 500
52 500
Total tax
20 562
17 228
25 492
23 435
After tax
31 938
35 272
27 008
29 065
Living cost
15 468
15 468
15 468
15 468
Free-cash
16 470
19 804
11 540
13 597

Estimated living cost  is ₴15468 per week

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

Source of data for Barcelona model

Close
Luxembourg , Luxembourg
₴8459
₴4410
₴5246
₴7342
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
accident
-
-
-
443
income
-
-
-
6 055
pensions
-
-
-
7 869
health
-
-
-
3 689
surtax
-
-
-
2 603
communal
-
-
-
3 318
total
-
-
-
23 977
Employee
32 436
-
46 896
-
health
1 444
-
2 086
-
surtax
1 988
-
2 874
-
income
3 133
-
7 565
-
pensions
2 594
-
3 752
-
total
9 159
-
16 277
-
Employer
32 436
-
46 896
-
accident
292
-
422
-
pensions
2 594
-
3 752
-
health
989
-
1 430
-
total
3 875
-
5 604
-
Corporate
16 188
52 500
-
-
surtax
170
551
-
-
communal
1 092
3 544
-
-
income
2 428
7 875
-
-
total
3 690
11 970
-
-
Dividends
12 498
40 530
-
-
income
6 215
2 714
-
-
withholding
1 874
6 080
-
-
total
8 089
8 794
-
-
Income
52 500
52 500
52 500
52 500
Total tax
24 813
20 764
21 881
23 977
After tax
27 687
31 736
30 619
28 523
Living cost
23 277
23 277
23 277
23 277
Free-cash
4 410
8 459
7 342
5 246

Estimated living cost  is ₴23277 per week

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

Source of data for Luxembourg model

Close
Athens , Greece
₴23403
₴22041
₴15888
₴15023
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
11 164
pensions
-
-
-
10 500
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 728
surtax
-
-
-
1 502
total
-
-
-
26 992
Employee
14 424
-
43 371
-
other
-
-
-
-
health
368
-
1 105
-
surtax
51
-
1 366
-
income
2 418
-
10 345
-
pensions
962
-
2 893
-
unemployment
1 004
-
3 019
-
total
4 803
-
18 728
-
Employer
14 424
-
43 371
-
other
-
-
-
-
unemployment
458
-
1 374
-
pensions
1 923
-
5 782
-
health
656
-
1 973
-
total
3 037
-
9 129
-
Corporate
35 039
52 500
-
-
income
9 110
13 650
-
-
total
9 110
13 650
-
-
Dividends
25 929
38 850
-
-
withholding
3 889
5 827
-
-
total
3 889
5 827
-
-
Income
52 500
52 500
52 500
52 500
Total tax
20 839
19 477
27 857
26 992
After tax
31 661
33 023
24 643
25 508
Living cost
9 620
9 620
9 620
9 620
Free-cash
22 041
23 403
15 023
15 888

Estimated living cost  is ₴9620 per week

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

Source of data for Athens model

Close
Naples , Italy
₴16058
₴15106
₴14528
₴12042
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
municipal
-
-
-
312
regional
-
-
-
792
national
-
-
-
11 827
social contributions
-
-
-
13 503
total
-
-
-
26 434
Employee
23 759
-
52 500
-
social contributions
8 012
-
17 703
-
regional
320
-
707
-
municipal
126
-
278
-
national
3 764
-
10 232
-
total
12 222
-
28 920
-
Employer
23 759
-
52 500
-
total
-
-
-
-
Corporate
28 741
52 500
-
-
nationa
6 898
12 600
-
-
municipal
1 428
2 609
-
-
total
8 326
15 209
-
-
Dividends
20 415
37 291
-
-
withholding
5 308
9 695
-
-
total
5 308
9 695
-
-
Income
52 500
52 500
52 500
52 500
Total tax
25 856
24 904
28 920
26 434
After tax
26 644
27 596
23 580
26 066
Living cost
11 538
11 538
11 538
11 538
Free-cash
15 106
16 058
12 042
14 528

Estimated living cost  is ₴11538 per week

₴7176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴23505
₴18995
₴13411
₴14001
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
4 598
health
-
-
-
7 088
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 762
total
-
-
-
26 448
Employee
18 590
-
39 179
-
social contributions
1 208
-
2 547
-
health
2 510
-
5 289
-
solidarity contribution
-
-
-
-
income
2 231
-
4 701
-
total
5 949
-
12 537
-
Employer
18 590
-
39 179
-
social contributions
4 648
-
9 795
-
health
1 673
-
3 526
-
total
6 321
-
13 321
-
Corporate
27 589
52 500
-
-
income
5 242
9 975
-
-
total
5 242
9 975
-
-
Dividends
22 347
42 525
-
-
withholding
3 352
6 379
-
-
total
3 352
6 379
-
-
Income
52 500
52 500
52 500
52 500
Total tax
20 864
16 354
25 858
26 448
After tax
31 636
36 146
26 642
26 052
Living cost
12 641
12 641
12 641
12 641
Free-cash
18 995
23 505
14 001
13 411

Estimated living cost  is ₴12641 per week

₴9401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴15648
₴15435
₴12583
₴1034
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
chamber of commerce
-
-
-
210
income
-
-
-
10 330
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
-
total
-
-
-
26 252
Employee
18 723
17 069
40 766
-
other
187
171
408
-
health
724
661
1 578
-
income
1 668
1 259
8 900
-
pensions
1 917
1 748
4 175
-
unemployment
562
512
1 223
-
total
5 058
4 351
16 284
-
Employer
18 723
17 069
40 766
-
accident
243
222
530
-
other
889
810
1 936
-
chamber of commerce
75
68
163
-
unemployment
562
512
1 223
-
surtax
-
-
-
-
pensions
2 350
2 143
5 116
-
payroll
562
512
1 223
-
health
708
645
1 541
-
total
5 389
4 912
11 732
-
Corporate
28 389
30 518
39 141
-
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.

7 097
7 630
9 785
-
total
7 097
7 630
9 785
-
Dividends
21 291
22 888
-
-
withholding
5 856
6 294
-
-
total
5 856
6 294
-
-
Income
52 500
52 500
52 500
52 500
Total tax
23 400
23 187
37 801
26 252
After tax
29 100
29 313
14 699
26 248
Living cost
13 665
13 665
13 665
13 665
Free-cash
15 435
15 648
1 034
12 583

Estimated living cost  is ₴13665 per week

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

Additional information

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

Source of data for Graz model

Close
Tbilisi , Georgia
₴43870
₴42744
₴45970
₴35995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
52 500
microenterprise

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

-
-
-
525
total
-
-
-
525
Employee
7 506
-
52 500
-
income
1 501
-
10 500
-
total
1 501
-
10 500
-
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%.

44 994
52 500
-
-
total
-
-
-
-
Dividends
44 994
52 500
-
-
withholding
2 250
2 625
-
-
total
2 250
2 625
-
-
Income
52 500
52 500
52 500
52 500
Total tax
3 751
2 625
10 500
525
After tax
48 749
49 875
42 000
51 975
Living cost
6 005
6 005
6 005
6 005
Free-cash
42 744
43 870
35 995
45 970

Estimated living cost  is ₴6005 per week

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

Additional information

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

Source of data for Tbilisi model

Close
Ljubljana , Slovenia
₴24658
₴21077
₴15250
₴13747
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
52 500
income
-
-
-
10 929
pensions
-
-
-
9 588
unemployment
-
-
-
79
health
-
-
-
5 166
total
-
-
-
25 762
Employee

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

18 940
-
45 427
-
health
1 223
-
2 935
-
income
3 266
-
10 153
-
pensions
2 936
-
7 041
-
unemployment
27
-
63
-
total
7 452
-
20 192
-
Employer

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

18 940
-
45 427
-
unemployment
11
-
28
-
pensions
1 676
-
4 020
-
health
1 261
-
3 025
-
total
2 948
-
7 073
-
Corporate
30 611
52 500
-
-
income
5 816
9 975
-
-
total
5 816
9 975
-
-
Dividends
24 795
42 525
-
-
withholding
3 719
6 379
-
-
total
3 719
6 379
-
-
Income
52 500
52 500
52 500
52 500
Total tax
19 935
16 354
27 265
25 762
After tax
32 565
36 146
25 235
26 738
Living cost
11 488
11 488
11 488
11 488
Free-cash
21 077
24 658
13 747
15 250

Estimated living cost  is ₴11488 per week

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

Source of data for Ljubljana model

Close
Oslo , Norway
₴13443
-₴11422
₴17784
₴28362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
10 233
social contributions
-
-
-
5 985
total
-
-
-
16 218
Employee
26 523
-
-
-
social contributions
2 175
-
310
-
income
5 851
-
-
-
total
8 026
-
310
-
Employer
26 523
-
-
-
social contributions
37 398
-
5 330
-
total
37 398
-
5 330
-
Corporate
-
52 500
-
-
income
-
11 550
-
-
total
-
11 550
-
-
Dividends
-
40 950
-
-
income
-
9 009
-
-
total
-
9 009
-
-
Income
52 500
52 500
52 500
52 500
Total tax
45 424
20 559
5 640
16 218
After tax
7 076
31 941
46 860
36 282
Living cost
18 498
18 498
18 498
18 498
Free-cash
-11 422
13 443
28 362
17 784

Estimated living cost  is ₴18498 per week

₴12002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴16427
₴15995
₴15448
₴12173
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
52 500
income
-
-
-
5 373
surtax
-
-
-
-
social contributions

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

-
-
-
18 244
total
-
-
-
23 617
Employee
19 699
-
42 424
-
social contributions
2 167
-
4 666
-
surtax
-
-
-
-
income
4 098
-
12 150
-
total
6 265
-
16 816
-
Employer
19 699
-
42 424
-
social contributions
4 679
-
10 076
-
total
4 679
-
10 076
-
Corporate
28 122
52 500
-
-
surtax
-
-
-
-
income
5 906
11 025
-
-
total
5 906
11 025
-
-
Dividends
22 216
41 475
-
-
withholding
6 220
11 613
-
-
total
6 220
11 613
-
-
Income
52 500
52 500
52 500
52 500
Total tax
23 070
22 638
26 892
23 617
After tax
29 430
29 862
25 608
28 883
Living cost
13 435
13 435
13 435
13 435
Free-cash
15 995
16 427
12 173
15 448

Estimated living cost  is ₴13435 per week

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

Source of data for Lisbon model

Close
Paris , France
₴5771
₴8716
₴9270
₴10719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
6 367
pensions
-
-
-
11 549
other
-
-
-
1 627
health
-
-
-
1 504
surtax
-
-
-
-
social contributions
-
-
-
1 496
total
-
-
-
22 543
Employee
26 826
-
41 929
-
social contributions
764
-
1 194
-
surtax
-
-
-
-
income
2 341
-
6 966
-
pensions
3 034
-
2 362
-
total
6 139
-
10 522
-
Employer
26 826
-
41 929
-
other
926
-
1 447
-
social contributions
80
-
126
-
unemployment
1 087
-
1 698
-
pensions
4 408
-
4 076
-
health
1 878
-
3 225
-
total
8 379
-
10 572
-
Corporate
17 295
52 500
-
-
surtax
-
-
-
-
income
4 843
14 700
-
-
total
4 843
14 700
-
-
Dividends
12 452
37 800
-
-
surtax
-
-
-
-
social contributions
2 142
6 503
-
-
withholding
1 594
4 839
-
-
total
3 736
11 342
-
-
Income
52 500
52 500
52 500
52 500
Total tax
23 097
26 042
21 094
22 543
After tax
29 403
26 458
31 406
29 957
Living cost
20 687
20 687
20 687
20 687
Free-cash
8 716
5 771
10 719
9 270

Estimated living cost  is ₴20687 per week

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

Source of data for Paris model

Close
Andorra , Andorra
₴34375
₴32937
₴26581
₴27976
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
1 494
social contributions
-
-
-
11 550
total
-
-
-
13 044
Employee
13 770
-
45 455
-
income
-
-
1 649
-
social contributions
895
-
2 955
-
total
895
-
4 604
-
Employer
13 770
-
45 455
-
social contributions
2 134
-
7 045
-
total
2 134
-
7 045
-
Corporate
36 596
52 500
-
-
income
3 659
5 250
-
-
total
3 659
5 250
-
-
Dividends
32 936
47 250
-
-
total
-
-
-
-
Income
52 500
52 500
52 500
52 500
Total tax
6 688
5 250
11 649
13 044
After tax
45 812
47 250
40 851
39 456
Living cost
12 875
12 875
12 875
12 875
Free-cash
32 937
34 375
27 976
26 581

Estimated living cost  is ₴12875 per week

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

Additional information

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

Source of data for Andorra model

Close
Copenhagen , Denmark
-₴40862
-₴40862
₴11353
-₴40862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
municipal
-
-
-
10 254
pensions
-
-
-
371
national
-
-
-
5 715
labour market
-
-
-
4 170
total
-
-
-
20 510
Employee
87 103
87 103
87 103
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 103
87 103
87 103
-
labour market
6 968
6 968
6 968
-
municipal
18 578
18 578
18 578
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 454
36 454
36 454
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
52 500
52 500
52 500
52 500
Total tax
72 725
72 725
72 725
20 510
After tax
-20 225
-20 225
-20 225
31 990
Living cost
20 637
20 637
20 637
20 637
Free-cash
-40 862
-40 862
-40 862
11 353

Estimated living cost  is ₴20637 per week

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

Source of data for Copenhagen model

Close
Krakow , Poland
-₴4978
₴2836
₴26739
₴18496
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
accident
-
-
-
108
income
-
-
-
13 564
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
16 531
Employee
14 519
-
45 917
-
health
1 663
-
5 257
-
income
1 992
-
9 685
-
pensions
1 635
-
3 249
-
total
5 290
-
18 191
-
Employer
14 519
-
45 917
-
accident
242
-
767
-
unemployment
356
-
1 125
-
pensions
2 361
-
4 691
-
total
2 959
-
6 583
-
Corporate
35 022
52 500
-
-
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.

31 520
47 250
-
-
total
31 520
47 250
-
-
Dividends
3 502
5 250
-
-
withholding
665
998
-
-
total
665
998
-
-
Income
52 500
52 500
52 500
52 500
Total tax
40 434
48 248
24 774
16 531
After tax
12 066
4 252
27 726
35 969
Living cost
9 230
9 230
9 230
9 230
Free-cash
2 836
-4 978
18 496
26 739

Estimated living cost  is ₴9230 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Krakow model

Close
Helsinki , Finland
₴17725
₴17727
₴19753
₴12555
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
52 500
municipal
-
-
-
9 337
health
-
-
-
630
national
-
-
-
6 336
total
-
-
-
16 303
Employee
22 535
-
44 166
-
health
168
-
502
-
municipal
3 691
-
7 204
-
pensions
1 521
-
2 981
-
unemployment
338
-
662
-
national
372
-
3 818
-
total
6 090
-
15 167
-
Employer
22 535
-
44 166
-
accident
23
-
44
-
unemployment
146
-
287
-
pensions
3 910
-
7 663
-
health
173
-
340
-
total
4 252
-
8 334
-
Corporate
25 714
52 500
-
-
income
5 143
10 500
-
-
total
5 143
10 500
-
-
Dividends

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

15 428
31 500
-
-
national
67
2 161
-
-
municipal
2 777
5 670
-
-
total
2 844
7 831
-
-
Income
52 500
52 500
52 500
52 500
Total tax
18 329
18 331
23 501
16 303
After tax
34 171
34 169
28 999
36 197
Living cost
16 444
16 444
16 444
16 444
Free-cash
17 727
17 725
12 555
19 753

Estimated living cost  is ₴16444 per week

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

Additional information

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

Source of data for Helsinki model

Close
Larnaca , Cyprus
₴28457
₴26127
₴26889
₴26324
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
7 425
health
-
-
-
1 339
social contributions
-
-
-
6 930
total
-
-
-
15 694
Employee
32 936
32 936
47 926
-
social contributions
1 245
2 733
3 687
-
health
255
560
814
-
income
3 586
3 049
7 184
-
total
5 086
6 342
11 685
-
Employer
32 936
32 936
47 926
-
social contributions
1 245
2 733
3 687
-
health
277
610
887
-
total
1 522
3 343
4 574
-
Corporate
35 974
16 221
-
-
income
4 496
2 028
-
-
total
4 496
2 028
-
-
Dividends
31 478
14 193
-
-
withholding
5 352
2 413
-
-
total
5 352
2 413
-
-
Income
52 500
52 500
52 500
52 500
Total tax
16 456
14 126
16 259
15 694
After tax
36 044
38 374
36 241
36 806
Living cost
9 917
9 917
9 917
9 917
Free-cash
26 127
28 457
26 324
26 889

Estimated living cost  is ₴9917 per week

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

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴36675
₴34495
₴36261
₴27671
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
52 500
income
-
-
-
5 152
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
9 439
Employee

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

9 831
-
48 314
-
health
836
-
3 454
-
income
672
-
4 090
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
13 843
-
Employer

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

9 831
-
48 314
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
41 657
52 500
-
-
income
3 750
4 725
-
-
total
3 750
4 725
-
-
Dividends
37 907
47 775
-
-
withholding
3 411
4 300
-
-
total
3 411
4 300
-
-
Income
52 500
52 500
52 500
52 500
Total tax
11 205
9 025
18 029
9 439
After tax
41 295
43 475
34 471
43 061
Living cost
6 800
6 800
6 800
6 800
Free-cash
34 495
36 675
27 671
36 261

Estimated living cost  is ₴6800 per week

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

Source of data for Podgorica model

Close
Valencia , Spain
₴23494
₴21327
₴17287
₴15230
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
accident
-
-
-
358
income
-
-
-
11 524
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
23 435
Employee
15 837
-
39 844
-
other
15
-
40
-
income
3 053
-
10 315
-
pensions
745
-
1 866
-
unemployment
245
-
615
-
total
4 058
-
12 836
-
Employer
15 837
-
39 844
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
31 613
52 500
-
-
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.

4 742
7 875
-
-
total
4 742
7 875
-
-
Dividends
26 871
44 625
-
-
withholding
5 546
9 353
-
-
total
5 546
9 353
-
-
Income
52 500
52 500
52 500
52 500
Total tax
19 395
17 228
25 492
23 435
After tax
33 105
35 272
27 008
29 065
Living cost
11 778
11 778
11 778
11 778
Free-cash
21 327
23 494
15 230
17 287

Estimated living cost  is ₴11778 per week

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

Source of data for Valencia model

Close
Istanbul , Turkey
₴31590
₴31397
₴32268
₴32186
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
17 590
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
19 062
Employee
1 782
-
51 540
-
health
89
-
213
-
income
345
-
17 545
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
18 185
-
Employer
1 782
-
51 540
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
50 317
52 500
-
-
income
11 070
11 550
-
-
total
11 070
11 550
-
-
Dividends
39 248
40 950
-
-
withholding
7 850
8 190
-
-
total
7 850
8 190
-
-
Income
52 500
52 500
52 500
52 500
Total tax
19 933
19 740
19 144
19 062
After tax
32 567
32 760
33 356
33 438
Living cost
1 170
1 170
1 170
1 170
Free-cash
31 397
31 590
32 186
32 268

Estimated living cost  is ₴1170 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
₴30523
₴28415
₴21790
₴21791
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
52 500
income
-
-
-
11 336
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
23 302
Employee

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

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

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

11 170
-
46 834
-
health
575
-
1 630
-
income
1 540
-
11 336
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
17 635
-
Employer

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

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

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

11 170
-
46 834
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
39 330
52 500
-
-
income
5 900
7 875
-
-
total
5 900
7 875
-
-
Dividends
33 431
44 625
-
-
withholding
5 015
6 694
-
-
total
5 015
6 694
-
-
Income
52 500
52 500
52 500
52 500
Total tax
16 677
14 569
23 301
23 302
After tax
35 823
37 931
29 199
29 198
Living cost
7 408
7 408
7 408
7 408
Free-cash
28 415
30 523
21 791
21 790

Estimated living cost  is ₴7408 per week

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

Source of data for Belgrade model

Close
Porto , Portugal
₴18315
₴18160
₴17336
₴14061
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
52 500
income
-
-
-
5 373
surtax
-
-
-
-
social contributions

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

-
-
-
18 244
total
-
-
-
23 617
Employee
16 624
-
42 424
-
social contributions
1 829
-
4 666
-
surtax
-
-
-
-
income
3 248
-
12 150
-
total
5 077
-
16 816
-
Employer
16 624
-
42 424
-
social contributions
3 948
-
10 076
-
total
3 948
-
10 076
-
Corporate
31 928
52 500
-
-
surtax
-
-
-
-
income
6 705
11 025
-
-
total
6 705
11 025
-
-
Dividends
25 223
41 475
-
-
withholding
7 063
11 613
-
-
total
7 063
11 613
-
-
Income
52 500
52 500
52 500
52 500
Total tax
22 793
22 638
26 892
23 617
After tax
29 707
29 862
25 608
28 883
Living cost
11 547
11 547
11 547
11 547
Free-cash
18 160
18 315
14 061
17 336

Estimated living cost  is ₴11547 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴20219
₴17031
₴14012
₴11955
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
accident
-
-
-
358
income
-
-
-
11 524
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
23 435
Employee
20 686
-
39 844
-
other
20
-
40
-
income
4 321
-
10 315
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 633
-
12 836
-
Employer
20 686
-
39 844
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
25 219
52 500
-
-
income

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

3 783
7 875
-
-
total
3 783
7 875
-
-
Dividends
21 436
44 625
-
-
withholding
4 404
9 353
-
-
total
4 404
9 353
-
-
Income
52 500
52 500
52 500
52 500
Total tax
20 416
17 228
25 492
23 435
After tax
32 084
35 272
27 008
29 065
Living cost
15 053
15 053
15 053
15 053
Free-cash
17 031
20 219
11 955
14 012

Estimated living cost  is ₴15053 per week

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

Source of data for Madrid model

Close
Sofia , Bulgaria
₴37516
₴34904
₴33255
₴35066
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
7 875
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
11 873
Employee
9 762
-
49 563
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
4 956
-
pensions

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

857
-
1 314
-
total
2 389
-
7 124
-
Employer
9 762
-
49 563
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
40 822
52 500
-
-
income
4 082
5 250
-
-
total
4 082
5 250
-
-
Dividends
36 740
47 250
-
-
withholding
1 837
2 362
-
-
total
1 837
2 362
-
-
Income
52 500
52 500
52 500
52 500
Total tax
10 224
7 612
10 062
11 873
After tax
42 276
44 888
42 438
40 627
Living cost
7 372
7 372
7 372
7 372
Free-cash
34 904
37 516
35 066
33 255

Estimated living cost  is ₴7372 per week

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

Source of data for Sofia model

Close
Berlin , Germany
₴10521
₴16123
₴13925
₴18601
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
52 500
trade
-
-
-
4 676
income

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

-
-
-
13 684
health

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

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

-
-
-
2 926
surtax

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

-
-
-
753
total
-
-
-
22 039
Employee

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

21 311
-
52 500
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
753
-
income

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

1 752
-
13 684
-
total
4 775
-
17 363
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 189
52 500
-
-
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.

258
433
-
-
income
4 679
7 875
-
-
trade
4 475
7 534
-
-
chamber of commerce
111
142
-
-
total
9 523
15 984
-
-
Dividends
21 666
36 515
-
-
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
493
-
-
withholding
5 254
8 966
-
-
total
5 543
9 459
-
-
Income
52 500
52 500
52 500
52 500
Total tax
19 841
25 443
17 363
22 039
After tax
32 659
27 057
35 137
30 461
Living cost
16 536
16 536
16 536
16 536
Free-cash
16 123
10 521
18 601
13 925

Estimated living cost  is ₴16536 per week

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

Additional information

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

Source of data for Berlin model

Close
Dublin , Ireland
₴12351
₴13298
₴9308
₴9308
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
13 920
social contributions
-
-
-
4 873
total
-
-
-
18 793
Employee
33 504
-
52 500
-
income
6 322
-
13 920
-
social contributions
2 783
-
4 873
-
total
9 105
-
18 793
-
Employer
33 504
-
52 500
-
total
-
-
-
-
Corporate
18 996
52 500
-
-
income
2 374
6 563
-
-
total
2 374
6 563
-
-
Dividends
16 622
45 937
-
-
withholding
3 324
9 187
-
-
total
3 324
9 187
-
-
Income
52 500
52 500
52 500
52 500
Total tax
14 803
15 750
18 793
18 793
After tax
37 697
36 750
33 707
33 707
Living cost
24 399
24 399
24 399
24 399
Free-cash
13 298
12 351
9 308
9 308

Estimated living cost  is ₴24399 per week

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

Additional information

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

Source of data for Dublin model

Close
Sliema , Malta
₴16314
₴17810
₴21899
₴23160
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
52 500
income
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 649
-
50 530
-
income
2 132
-
9 852
-
social contributions
1 969
-
1 970
-
total
4 101
-
11 822
-
Employer
19 649
-
50 530
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
30 883
52 500
-
-
income
10 809
18 375
-
-
total
10 809
18 375
-
-
Dividends
20 074
34 125
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
52 500
52 500
52 500
52 500
Total tax
19 142
20 638
13 792
15 053
After tax
33 358
31 862
38 708
37 447
Living cost
15 548
15 548
15 548
15 548
Free-cash
17 810
16 314
23 160
21 899

Estimated living cost  is ₴15548 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴20903
₴20945
₴20592
₴15711
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
income
-
-
-
12 540
pensions
-
-
-
3 403
total
-
-
-
15 943
Employee
21 914
-
46 077
-
health
286
-
758
-
income
3 991
-
9 287
-
pensions
1 673
-
4 355
-
total
5 950
-
14 400
-
Employer
21 914
-
46 077
-
pensions
2 214
-
5 548
-
health
416
-
876
-
total
2 630
-
6 424
-
Corporate
27 956
52 500
-
-
income

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

5 312
9 975
-
-
total
5 312
9 975
-
-
Dividends
22 644
42 525
-
-
withholding
1 698
5 657
-
-
total
1 698
5 657
-
-
Income
52 500
52 500
52 500
52 500
Total tax
15 590
15 632
20 824
15 943
After tax
36 910
36 868
31 676
36 557
Living cost
15 965
15 965
15 965
15 965
Free-cash
20 945
20 903
15 711
20 592

Estimated living cost  is ₴15965 per week

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

Additional information

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

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

Source of data for Edinburgh model

Close
Warsaw , Poland
-₴5891
₴2697
₴25826
₴17583
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
accident
-
-
-
108
income
-
-
-
13 564
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
16 531
Employee
15 956
-
45 917
-
health
1 827
-
5 257
-
income
2 189
-
9 685
-
pensions
1 797
-
3 249
-
total
5 813
-
18 191
-
Employer
15 956
-
45 917
-
accident
266
-
767
-
unemployment
391
-
1 125
-
pensions
2 594
-
4 691
-
total
3 251
-
6 583
-
Corporate
33 292
52 500
-
-
income

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

29 963
47 250
-
-
total
29 963
47 250
-
-
Dividends
3 329
5 250
-
-
withholding
633
998
-
-
total
633
998
-
-
Income
52 500
52 500
52 500
52 500
Total tax
39 660
48 248
24 774
16 531
After tax
12 840
4 252
27 726
35 969
Living cost
10 143
10 143
10 143
10 143
Free-cash
2 697
-5 891
17 583
25 826

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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

Source of data for Warsaw model

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Skopje , Macedonia
₴38394
₴36390
₴23969
₴28988
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
52 500
work injury
-
-
-
262
health insurance
-
-
-
3 885
income
-
-
-
8 309
pensions
-
-
-
9 660
unemployment
-
-
-
630
total
-
-
-
22 746
Employee

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

9 257
-
52 500
-
work injury
46
-
171
-
income
926
-
8 309
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
17 727
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 243
52 500
-
-
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%.

432
525
-
-
total
432
525
-
-
Dividends
42 811
51 975
-
-
withholding
6 422
7 796
-
-
total
6 422
7 796
-
-
Income
52 500
52 500
52 500
52 500
Total tax
10 325
8 321
17 727
22 746
After tax
42 175
44 179
34 773
29 754
Living cost
5 785
5 785
5 785
5 785
Free-cash
36 390
38 394
28 988
23 969

Estimated living cost  is ₴5785 per week

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

Source of data for Skopje model

Close
Rome , Italy
₴10591
₴8642
₴8619
₴6217
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
52 500
municipal
-
-
-
351
regional
-
-
-
1 137
national
-
-
-
11 827
social contributions
-
-
-
13 503
total
-
-
-
26 818
Employee
36 093
-
52 500
-
social contributions
12 170
-
17 703
-
regional
545
-
972
-
municipal
215
-
313
-
national
6 099
-
10 232
-
total
19 029
-
29 220
-
Employer
36 093
-
52 500
-
total
-
-
-
-
Corporate
16 407
52 500
-
-
nationa
3 938
12 600
-
-
municipal
791
2 530
-
-
total
4 729
15 130
-
-
Dividends
11 678
37 369
-
-
withholding
3 037
9 716
-
-
total
3 037
9 716
-
-
Income
52 500
52 500
52 500
52 500
Total tax
26 795
24 846
29 220
26 818
After tax
25 705
27 654
23 280
25 682
Living cost
17 063
17 063
17 063
17 063
Free-cash
8 642
10 591
6 217
8 619

Estimated living cost  is ₴17063 per week

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

Source of data for Rome model

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