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
₴ 53000
per

Your estimated
City
free-cash

Dresden , Germany
₴13795
₴18532
₴17233
₴22444
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 000
trade
-
-
-
5 211
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.

-
-
-
13 893
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.

-
-
-
764
total
-
-
-
22 794
Employee

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

16 382
-
53 000
-
health

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

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

2 926
-
2 926
-
surtax

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

25
-
764
-
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
-
13 893
-
total
3 409
-
17 583
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
36 618
53 000
-
-
surtax

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

302
437
-
-
income
5 493
7 950
-
-
trade
5 767
8 348
-
-
chamber of commerce
118
141
-
-
total
11 680
16 876
-
-
Dividends
24 938
36 124
-
-
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.

334
488
-
-
withholding
6 072
8 868
-
-
total
6 406
9 356
-
-
Income
53 000
53 000
53 000
53 000
Total tax
21 495
26 232
17 583
22 794
After tax
31 505
26 768
35 417
30 206
Living cost
12 973
12 973
12 973
12 973
Free-cash
18 532
13 795
22 444
17 233

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
₴11429
₴11068
₴10025
₴10441
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
municipal
-
-
-
5 649
pensions
-
-
-
6 360
national
-
-
-
8 753
social contributions
-
-
-
570
total
-
-
-
21 332
Employee
33 550
-
45 818
-
municipal
4 144
-
5 854
-
pensions
1 342
-
1 833
-
national
6 422
-
9 071
-
total
11 908
-
16 758
-
Employer
33 550
-
45 818
-
social contributions
361
-
493
-
pensions
2 684
-
3 665
-
total
3 045
-
4 158
-
Corporate
14 191
53 000
-
-
income

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

2 838
10 600
-
-
total
2 838
10 600
-
-
Dividends
11 352
42 400
-
-
withholding
2 498
9 328
-
-
total
2 498
9 328
-
-
Income
53 000
53 000
53 000
53 000
Total tax
20 289
19 928
20 916
21 332
After tax
32 711
33 072
32 084
31 668
Living cost
21 643
21 643
21 643
21 643
Free-cash
11 068
11 429
10 441
10 025

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
₴33489
₴29975
₴6235
₴20847
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 000
microenterprise
-
-
-
-
income
-
-
-
7 928
surtax
-
-
-
13 515
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
-
-
-
37 854
Employee
12 516
-
42 711
-
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
-
4 698
-
surtax
-
-
-
-
income
2 228
-
8 255
-
total
3 605
-
12 953
-
Employer
12 516
-
42 711
-
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
-
10 289
-
surtax
-
-
-
-
total
3 015
-
10 289
-
Corporate
37 470
53 000
-
-
income

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

7 494
10 600
-
-
total
7 494
10 600
-
-
Dividends

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

29 976
42 400
-
-
total
-
-
-
-
Income
53 000
53 000
53 000
53 000
Total tax
14 114
10 600
23 242
37 854
After tax
38 886
42 400
29 758
15 146
Living cost
8 911
8 911
8 911
8 911
Free-cash
29 975
33 489
20 847
6 235

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
₴7963
₴5338
₴12513
₴10894
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
12 244
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
22 544
Employee
36 577
36 577
45 102
-
health
5 614
4 775
5 261
-
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
16 266
-
Employer
36 577
36 577
45 102
-
unemployment
1 317
1 317
1 624
-
pensions
2 546
2 546
3 139
-
health
2 542
2 542
3 134
-
total
6 405
6 405
7 897
-
Corporate
10 467
10 018
-
-
income
2 094
2 004
-
-
total
2 094
2 004
-
-
Dividends
8 373
8 015
-
-
income
1 779
1 703
-
-
withholding
1 256
1 202
-
-
total
3 035
2 905
-
-
Income
53 000
53 000
53 000
53 000
Total tax
29 719
27 094
24 163
22 544
After tax
23 281
25 906
28 837
30 456
Living cost
17 943
17 943
17 943
17 943
Free-cash
5 338
7 963
10 894
12 513

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
₴12389
₴12018
₴11622
₴11176
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
municipal
-
-
-
12 671
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 215
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
1 650
total
-
-
-
24 829
Employee
23 581
-
41 604
-
municipal
7 032
-
12 406
-
national
-
-
1 472
-
total
7 032
-
13 878
-
Employer
23 581
-
41 604
-
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
22 010
53 000
-
-
income
4 842
11 660
-
-
total
4 842
11 660
-
-
Dividends
17 168
41 340
-
-
withholding
5 150
12 402
-
-
total
5 150
12 402
-
-
Income
53 000
53 000
53 000
53 000
Total tax
24 433
24 062
25 275
24 829
After tax
28 567
28 938
27 725
28 171
Living cost
16 549
16 549
16 549
16 549
Free-cash
12 018
12 389
11 176
11 622

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
₴9669
₴15688
₴13148
₴18591
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 000
trade
-
-
-
5 443
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.

-
-
-
13 893
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.

-
-
-
764
total
-
-
-
23 026
Employee

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

21 721
-
53 000
-
health

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

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

2 926
-
2 926
-
surtax

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

102
-
764
-
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
-
13 893
-
total
4 894
-
17 583
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 279
53 000
-
-
surtax

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

258
437
-
-
income
4 692
7 950
-
-
trade
5 145
8 718
-
-
chamber of commerce
110
141
-
-
total
10 205
17 246
-
-
Dividends
21 075
35 754
-
-
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.

281
483
-
-
withholding
5 106
8 776
-
-
total
5 387
9 259
-
-
Income
53 000
53 000
53 000
53 000
Total tax
20 486
26 505
17 583
23 026
After tax
32 514
26 495
35 417
29 974
Living cost
16 826
16 826
16 826
16 826
Free-cash
15 688
9 669
18 591
13 148

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
₴24845
₴23068
₴23255
₴22687
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
7 571
health
-
-
-
1 352
social contributions
-
-
-
6 930
total
-
-
-
15 853
Employee
32 936
32 936
48 417
-
social contributions
1 600
2 733
3 687
-
health
328
560
823
-
income
3 459
3 049
7 328
-
total
5 387
6 342
11 838
-
Employer
32 936
32 936
48 417
-
social contributions
1 600
2 733
3 687
-
health
357
610
896
-
total
1 957
3 343
4 583
-
Corporate
31 764
16 721
-
-
income
3 971
2 091
-
-
total
3 971
2 091
-
-
Dividends
27 793
14 631
-
-
withholding
4 725
2 487
-
-
total
4 725
2 487
-
-
Income
53 000
53 000
53 000
53 000
Total tax
16 040
14 263
16 421
15 853
After tax
36 960
38 737
36 579
37 147
Living cost
13 892
13 892
13 892
13 892
Free-cash
23 068
24 845
22 687
23 255

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
₴22037
₴22199
₴28934
₴22942
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
6 479
pensions
-
-
-
5 300
unemployment
-
-
-
795
health
-
-
-
3 710
total
-
-
-
16 284
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
44 351
-
health
786
313
3 105
-
income
1 373
547
5 422
-
pensions
1 123
447
4 435
-
unemployment
169
67
665
-
total
3 451
1 374
13 627
-
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
44 351
-
pensions
2 191
872
8 649
-
total
2 191
872
8 649
-
Corporate
39 576
47 657
-
-
income
3 562
4 289
-
-
total
3 562
4 289
-
-
Dividends
36 014
43 368
-
-
social contributions
6 972
8 406
-
-
withholding
6 843
8 240
-
-
total
13 815
16 646
-
-
Income
53 000
53 000
53 000
53 000
Total tax
23 019
23 181
22 276
16 284
After tax
29 981
29 819
30 724
36 716
Living cost
7 782
7 782
7 782
7 782
Free-cash
22 199
22 037
22 942
28 934

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
₴32055
₴29394
₴18063
₴20204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
7 102
pensions
-
-
-
10 600
health
-
-
-
6 890
total
-
-
-
24 592
Employee
12 151
-
39 611
-
income
1 368
-
7 637
-
pensions
243
-
792
-
unemployment
194
-
634
-
total
1 805
-
9 063
-
Employer
12 151
-
39 611
-
unemployment
98
-
317
-
pensions
2 430
-
7 922
-
health
1 579
-
5 149
-
total
4 107
-
13 388
-
Corporate
36 742
53 000
-
-
income
7 349
10 600
-
-
total
7 349
10 600
-
-
Dividends
29 394
42 400
-
-
total
-
-
-
-
Income
53 000
53 000
53 000
53 000
Total tax
13 261
10 600
22 451
24 592
After tax
39 739
42 400
30 549
28 408
Living cost
10 345
10 345
10 345
10 345
Free-cash
29 394
32 055
20 204
18 063

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
-₴5075
₴2856
₴26941
₴18646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
accident
-
-
-
108
income
-
-
-
13 724
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
16 691
Employee
14 736
-
46 397
-
health
1 687
-
5 313
-
income
2 022
-
9 821
-
pensions
1 659
-
3 249
-
total
5 368
-
18 383
-
Employer
14 736
-
46 397
-
accident
246
-
775
-
unemployment
361
-
1 137
-
pensions
2 396
-
4 691
-
total
3 003
-
6 603
-
Corporate
35 261
53 000
-
-
income

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

31 735
47 700
-
-
total
31 735
47 700
-
-
Dividends
3 526
5 300
-
-
withholding
670
1 007
-
-
total
670
1 007
-
-
Income
53 000
53 000
53 000
53 000
Total tax
40 776
48 707
24 986
16 691
After tax
12 224
4 293
28 014
36 309
Living cost
9 368
9 368
9 368
9 368
Free-cash
2 856
-5 075
18 646
26 941

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
₴46496
₴45774
₴48616
₴38546
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
53 000
microenterprise

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

-
-
-
530
total
-
-
-
530
Employee
4 817
-
53 000
-
income
963
-
10 600
-
total
963
-
10 600
-
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%.

48 183
53 000
-
-
total
-
-
-
-
Dividends
48 183
53 000
-
-
withholding
2 409
2 650
-
-
total
2 409
2 650
-
-
Income
53 000
53 000
53 000
53 000
Total tax
3 372
2 650
10 600
530
After tax
49 628
50 350
42 400
52 470
Living cost
3 854
3 854
3 854
3 854
Free-cash
45 774
46 496
38 546
48 616

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
₴27526
₴24635
₴16973
₴19164
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
7 045
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.

-
-
-
12 720
other
-
-
-
2 517
health
-
-
-
2 332
total
-
-
-
24 614
Employee
15 552
-
42 333
-
health
218
-
593
-
income
2 677
-
7 776
-
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
-
2 963
-
unemployment
155
-
423
-
total
4 138
-
11 755
-
Employer
15 552
-
42 333
-
accident
124
-
339
-
other
778
-
2 117
-
unemployment
155
-
423
-
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
-
7 196
-
health
218
-
593
-
total
3 919
-
10 668
-
Corporate
33 529
53 000
-
-
income
7 041
11 130
-
-
total
7 041
11 130
-
-
Dividends
26 487
41 870
-
-
withholding
1 854
2 931
-
-
total
1 854
2 931
-
-
Income
53 000
53 000
53 000
53 000
Total tax
16 952
14 061
22 423
24 614
After tax
36 048
38 939
30 577
28 386
Living cost
11 413
11 413
11 413
11 413
Free-cash
24 635
27 526
19 164
16 973

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
₴8397
₴5063
₴8107
₴3185
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
12 736
pensions
-
-
-
3 413
total
-
-
-
16 149
Employee
40 669
-
46 509
-
health
670
-
763
-
income
7 331
-
9 453
-
pensions
3 923
-
4 364
-
total
11 924
-
14 580
-
Employer
40 669
-
46 509
-
pensions
4 802
-
5 607
-
health
772
-
884
-
total
5 574
-
6 491
-
Corporate
6 757
53 000
-
-
income

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

1 284
10 070
-
-
total
1 284
10 070
-
-
Dividends
5 473
42 930
-
-
withholding
411
5 789
-
-
total
411
5 789
-
-
Income
53 000
53 000
53 000
53 000
Total tax
19 193
15 859
21 071
16 149
After tax
33 807
37 141
31 929
36 851
Living cost
28 744
28 744
28 744
28 744
Free-cash
5 063
8 397
3 185
8 107

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
₴39696
₴37706
₴35433
₴37269
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
7 950
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
-
-
-
11 948
Employee
7 440
-
50 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
5 006
-
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
-
7 174
-
Employer
7 440
-
50 063
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
44 100
53 000
-
-
income
4 410
5 300
-
-
total
4 410
5 300
-
-
Dividends
39 690
47 700
-
-
withholding
1 984
2 385
-
-
total
1 984
2 385
-
-
Income
53 000
53 000
53 000
53 000
Total tax
9 675
7 685
10 112
11 948
After tax
43 325
45 315
42 888
41 052
Living cost
5 619
5 619
5 619
5 619
Free-cash
37 706
39 696
37 269
35 433

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
₴2155
₴3232
₴6705
₴5086
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
12 244
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
22 544
Employee
39 710
36 577
45 102
-
health
4 954
4 775
5 261
-
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
16 266
-
Employer
39 710
36 577
45 102
-
unemployment
1 430
1 317
1 624
-
pensions
2 764
2 546
3 139
-
health
2 759
2 542
3 134
-
total
6 953
6 405
7 897
-
Corporate
6 337
10 018
-
-
income
1 267
2 004
-
-
total
1 267
2 004
-
-
Dividends
5 070
8 015
-
-
income
1 077
1 703
-
-
withholding
761
1 202
-
-
total
1 838
2 905
-
-
Income
53 000
53 000
53 000
53 000
Total tax
26 017
27 094
24 163
22 544
After tax
26 983
25 906
28 837
30 456
Living cost
23 751
23 751
23 751
23 751
Free-cash
3 232
2 155
5 086
6 705

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
₴26232
₴22571
₴16162
₴16636
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
4 662
health
-
-
-
7 155
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 762
total
-
-
-
26 579
Employee
15 086
-
39 552
-
social contributions
981
-
2 571
-
health
2 037
-
5 340
-
solidarity contribution
-
-
-
-
income
1 810
-
4 746
-
total
4 828
-
12 657
-
Employer
15 086
-
39 552
-
social contributions
3 772
-
9 888
-
health
1 358
-
3 560
-
total
5 130
-
13 448
-
Corporate
32 784
53 000
-
-
income
6 229
10 070
-
-
total
6 229
10 070
-
-
Dividends
26 555
42 930
-
-
withholding
3 983
6 439
-
-
total
3 983
6 439
-
-
Income
53 000
53 000
53 000
53 000
Total tax
20 170
16 509
26 105
26 579
After tax
32 830
36 491
26 895
26 421
Living cost
10 259
10 259
10 259
10 259
Free-cash
22 571
26 232
16 636
16 162

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
₴10204
₴7967
₴8409
₴5887
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
municipal
-
-
-
315
regional
-
-
-
602
national
-
-
-
11 969
social contributions
-
-
-
13 632
total
-
-
-
26 518
Employee
38 066
-
53 000
-
social contributions
12 836
-
17 871
-
regional
359
-
530
-
municipal
202
-
281
-
national
6 596
-
10 358
-
total
19 993
-
29 040
-
Employer
38 066
-
53 000
-
total
-
-
-
-
Corporate
14 934
53 000
-
-
nationa
3 585
12 720
-
-
municipal
583
2 067
-
-
total
4 168
14 787
-
-
Dividends
10 767
38 213
-
-
withholding
2 799
9 936
-
-
total
2 799
9 936
-
-
Income
53 000
53 000
53 000
53 000
Total tax
26 960
24 723
29 040
26 518
After tax
26 040
28 277
23 960
26 482
Living cost
18 073
18 073
18 073
18 073
Free-cash
7 967
10 204
5 887
8 409

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
₴23885
₴22552
₴16229
₴15357
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
11 328
pensions
-
-
-
10 600
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 763
surtax
-
-
-
1 530
total
-
-
-
27 319
Employee
14 164
-
43 784
-
other
-
-
-
-
health
362
-
1 116
-
surtax
46
-
1 392
-
income
2 374
-
10 500
-
pensions
944
-
2 920
-
unemployment
986
-
3 047
-
total
4 712
-
18 975
-
Employer
14 164
-
43 784
-
other
-
-
-
-
unemployment
449
-
1 388
-
pensions
1 888
-
5 836
-
health
645
-
1 992
-
total
2 982
-
9 216
-
Corporate
35 854
53 000
-
-
income
9 322
13 780
-
-
total
9 322
13 780
-
-
Dividends
26 532
39 220
-
-
withholding
3 980
5 883
-
-
total
3 980
5 883
-
-
Income
53 000
53 000
53 000
53 000
Total tax
20 996
19 663
28 191
27 319
After tax
32 004
33 337
24 809
25 681
Living cost
9 452
9 452
9 452
9 452
Free-cash
22 552
23 885
15 357
16 229

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
₴17504
₴16690
₴17214
₴12292
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
12 736
pensions
-
-
-
3 413
total
-
-
-
16 149
Employee
27 255
-
46 509
-
health
396
-
763
-
income
4 909
-
9 453
-
pensions
2 313
-
4 364
-
total
7 618
-
14 580
-
Employer
27 255
-
46 509
-
pensions
2 950
-
5 607
-
health
518
-
884
-
total
3 468
-
6 491
-
Corporate
22 277
53 000
-
-
income

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

4 233
10 070
-
-
total
4 233
10 070
-
-
Dividends
18 044
42 930
-
-
withholding
1 354
5 789
-
-
total
1 354
5 789
-
-
Income
53 000
53 000
53 000
53 000
Total tax
16 673
15 859
21 071
16 149
After tax
36 327
37 141
31 929
36 851
Living cost
19 637
19 637
19 637
19 637
Free-cash
16 690
17 504
12 292
17 214

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
-₴8136
₴5714
₴11384
₴8763
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
city
-
-
-
559
pensions
-
-
-
4 876
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.

-
-
-
1 060
regional
-
-
-
2 114
health
-
-
-
119
national
-
-
-
516
total
-
-
-
9 244
Employee
37 884
-
47 439
-
city
407
-
510
-
regional
1 241
-
1 823
-
health
86
-
106
-
pensions
3 183
-
3 984
-
unemployment
-
-
-
-
national
179
-
403
-
total
5 096
-
6 826
-
Employer
37 884
-
47 439
-
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
-
949
-
unemployment
-
-
-
-
pensions
3 183
-
3 984
-
health
86
-
106
-
total
4 026
-
5 039
-
Corporate
10 674
53 000
-
-
regional
2 257
11 209
-
-
national
907
4 505
-
-
total
3 164
15 714
-
-
Dividends
7 510
37 286
-
-
withholding
2 628
13 050
-
-
total
2 628
13 050
-
-
Income
53 000
53 000
53 000
53 000
Total tax
14 914
28 764
11 865
9 244
After tax
38 086
24 236
41 135
43 756
Living cost
32 372
32 372
32 372
32 372
Free-cash
5 714
-8 136
8 763
11 384

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
₴6601
₴13548
₴10122
₴15796
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 000
trade
-
-
-
5 674
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.

-
-
-
13 893
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.

-
-
-
764
total
-
-
-
23 257
Employee

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

25 741
-
53 000
-
health

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

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

2 926
-
2 926
-
surtax

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

167
-
764
-
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
-
13 893
-
total
6 120
-
17 583
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 259
53 000
-
-
surtax

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

225
437
-
-
income
4 088
7 950
-
-
trade
4 675
9 090
-
-
chamber of commerce
103
140
-
-
total
9 091
17 617
-
-
Dividends
18 167
35 383
-
-
surtax

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

241
478
-
-
withholding
4 379
8 683
-
-
total
4 620
9 161
-
-
Income
53 000
53 000
53 000
53 000
Total tax
19 831
26 778
17 583
23 257
After tax
33 169
26 222
35 417
29 743
Living cost
19 621
19 621
19 621
19 621
Free-cash
13 548
6 601
15 796
10 122

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
₴12059
₴14587
₴15577
₴16974
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
6 486
pensions
-
-
-
11 590
other
-
-
-
1 643
health
-
-
-
1 540
surtax
-
-
-
-
social contributions
-
-
-
1 510
total
-
-
-
22 769
Employee
18 331
-
42 292
-
social contributions
523
-
1 205
-
surtax
-
-
-
-
income
1 082
-
7 061
-
pensions
2 073
-
2 399
-
total
3 678
-
10 665
-
Employer
18 331
-
42 292
-
other
632
-
1 459
-
social contributions
55
-
127
-
unemployment
742
-
1 713
-
pensions
3 011
-
4 136
-
health
1 283
-
3 272
-
total
5 723
-
10 707
-
Corporate
28 944
53 000
-
-
surtax
-
-
-
-
income
8 105
14 840
-
-
total
8 105
14 840
-
-
Dividends
20 839
38 160
-
-
surtax
-
-
-
-
social contributions
3 585
6 563
-
-
withholding
2 668
4 884
-
-
total
6 253
11 447
-
-
Income
53 000
53 000
53 000
53 000
Total tax
23 759
26 287
21 372
22 769
After tax
29 241
26 713
31 628
30 231
Living cost
14 654
14 654
14 654
14 654
Free-cash
14 587
12 059
16 974
15 577

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
₴13511
₴15888
₴17029
₴18426
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
6 486
pensions
-
-
-
11 590
other
-
-
-
1 643
health
-
-
-
1 540
surtax
-
-
-
-
social contributions
-
-
-
1 510
total
-
-
-
22 769
Employee
16 363
-
42 292
-
social contributions
467
-
1 205
-
surtax
-
-
-
-
income
844
-
7 061
-
pensions
1 851
-
2 399
-
total
3 162
-
10 665
-
Employer
16 363
-
42 292
-
other
565
-
1 459
-
social contributions
49
-
127
-
unemployment
662
-
1 713
-
pensions
2 689
-
4 136
-
health
1 145
-
3 272
-
total
5 110
-
10 707
-
Corporate
31 527
53 000
-
-
surtax
-
-
-
-
income
8 827
14 840
-
-
total
8 827
14 840
-
-
Dividends
22 699
38 160
-
-
surtax
-
-
-
-
social contributions
3 905
6 563
-
-
withholding
2 906
4 884
-
-
total
6 811
11 447
-
-
Income
53 000
53 000
53 000
53 000
Total tax
23 910
26 287
21 372
22 769
After tax
29 090
26 713
31 628
30 231
Living cost
13 202
13 202
13 202
13 202
Free-cash
15 888
13 511
18 426
17 029

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
₴23251
₴23476
₴24955
₴24522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
7 950
health
-
-
-
3 699
social contributions
-
-
-
7 314
total
-
-
-
18 963
Employee
14 522
-
53 000
-
social contributions
2 004
-
7 314
-
health
1 014
-
3 699
-
income
2 422
-
8 383
-
total
5 440
-
19 396
-
Employer
14 522
-
53 000
-
total
-
-
-
-
Corporate
38 478
53 000
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

1 924
2 650
-
-
total
1 924
2 650
-
-
Dividends
36 554
50 350
-
-
health
2 551
3 515
-
-
social contributions
5 044
6 949
-
-
withholding
5 483
7 553
-
-
total
13 078
18 017
-
-
Income
53 000
53 000
53 000
53 000
Total tax
20 442
20 667
19 396
18 963
After tax
32 558
32 333
33 604
34 037
Living cost
9 082
9 082
9 082
9 082
Free-cash
23 476
23 251
24 522
24 955

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
₴14446
₴13785
₴11358
-₴321
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
chamber of commerce
-
-
-
212
income
-
-
-
10 541
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
85
total
-
-
-
26 550
Employee
21 405
17 069
41 089
-
other
214
171
411
-
health
828
661
1 590
-
income
2 437
1 259
9 012
-
pensions
2 192
1 748
4 207
-
unemployment
642
512
1 233
-
total
6 313
4 351
16 453
-
Employer
21 405
17 069
41 089
-
accident
278
222
534
-
other
1 017
810
1 952
-
chamber of commerce
85
68
164
-
unemployment
642
512
1 233
-
surtax
85
85
85
-
pensions
2 686
2 143
5 156
-
payroll
642
512
1 233
-
health
809
645
1 553
-
total
6 244
4 997
11 910
-
Corporate
25 351
30 934
39 463
-
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.

6 337
7 733
9 866
-
total
6 337
7 733
9 866
-
Dividends
19 013
23 201
-
-
withholding
5 229
6 381
-
-
total
5 229
6 381
-
-
Income
53 000
53 000
53 000
53 000
Total tax
24 123
23 462
38 229
26 550
After tax
28 877
29 538
14 771
26 450
Living cost
15 092
15 092
15 092
15 092
Free-cash
13 785
14 446
-321
11 358

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
₴14071
₴7646
₴8199
₴4294
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
national
-
-
-
18 066
communal

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

-
-
-
2 673
social contributions
-
-
-
8 445
total
-
-
-
29 184
Employee

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

30 638
-
41 049
-
communal

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

1 598
-
2 141
-
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
-
1 930
-
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
-
3 079
-
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
-
357
-
national
9 419
-
13 631
-
total
15 021
-
21 138
-
Employer

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

30 638
-
41 049
-
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
-
534
-
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
-
599
-
surtax
3 474
-
4 656
-
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
-
3 637
-
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
-
2 525
-
total
8 918
-
11 951
-
Corporate
13 444
53 000
-
-
surtax
54
212
-
-
income
2 689
10 600
-
-
total
2 743
10 812
-
-
Dividends
10 702
42 188
-
-
withholding

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

3 055
12 500
-
-
total
3 055
12 500
-
-
Income
53 000
53 000
53 000
53 000
Total tax
29 737
23 312
33 089
29 184
After tax
23 263
29 688
19 911
23 816
Living cost
15 617
15 617
15 617
15 617
Free-cash
7 646
14 071
4 294
8 199

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
₴20131
₴16807
₴13912
₴11855
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
accident
-
-
-
358
income
-
-
-
11 709
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
23 620
Employee
21 321
-
40 344
-
other
21
-
40
-
income
4 499
-
10 500
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 853
-
13 021
-
Employer
21 321
-
40 344
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
24 883
53 000
-
-
income

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

3 732
7 950
-
-
total
3 732
7 950
-
-
Dividends
21 151
45 050
-
-
withholding
4 344
9 451
-
-
total
4 344
9 451
-
-
Income
53 000
53 000
53 000
53 000
Total tax
20 725
17 401
25 677
23 620
After tax
32 275
35 599
27 323
29 380
Living cost
15 468
15 468
15 468
15 468
Free-cash
16 807
20 131
11 855
13 912

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
₴8738
₴4648
₴5440
₴7552
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
accident
-
-
-
447
income
-
-
-
6 191
pensions
-
-
-
7 944
health
-
-
-
3 723
surtax
-
-
-
2 628
communal
-
-
-
3 350
total
-
-
-
24 283
Employee
32 436
-
47 342
-
health
1 444
-
2 107
-
surtax
1 988
-
2 901
-
income
3 133
-
7 717
-
pensions
2 594
-
3 788
-
total
9 159
-
16 513
-
Employer
32 436
-
47 342
-
accident
292
-
426
-
pensions
2 594
-
3 788
-
health
989
-
1 444
-
total
3 875
-
5 658
-
Corporate
16 688
53 000
-
-
surtax
176
557
-
-
communal
1 127
3 577
-
-
income
2 503
7 950
-
-
total
3 806
12 084
-
-
Dividends
12 883
40 916
-
-
income
6 303
2 763
-
-
withholding
1 932
6 138
-
-
total
8 235
8 901
-
-
Income
53 000
53 000
53 000
53 000
Total tax
25 075
20 985
22 171
24 283
After tax
27 925
32 015
30 829
28 717
Living cost
23 277
23 277
23 277
23 277
Free-cash
4 648
8 738
7 552
5 440

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
₴23717
₴22355
₴16061
₴15189
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
11 328
pensions
-
-
-
10 600
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 763
surtax
-
-
-
1 530
total
-
-
-
27 319
Employee
14 424
-
43 784
-
other
-
-
-
-
health
368
-
1 116
-
surtax
51
-
1 392
-
income
2 418
-
10 500
-
pensions
962
-
2 920
-
unemployment
1 004
-
3 047
-
total
4 803
-
18 975
-
Employer
14 424
-
43 784
-
other
-
-
-
-
unemployment
458
-
1 388
-
pensions
1 923
-
5 836
-
health
656
-
1 992
-
total
3 037
-
9 216
-
Corporate
35 539
53 000
-
-
income
9 240
13 780
-
-
total
9 240
13 780
-
-
Dividends
26 299
39 220
-
-
withholding
3 945
5 883
-
-
total
3 945
5 883
-
-
Income
53 000
53 000
53 000
53 000
Total tax
21 025
19 663
28 191
27 319
After tax
31 975
33 337
24 809
25 681
Living cost
9 620
9 620
9 620
9 620
Free-cash
22 355
23 717
15 189
16 061

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
₴16320
₴15369
₴14747
₴12239
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
municipal
-
-
-
315
regional
-
-
-
799
national
-
-
-
11 969
social contributions
-
-
-
13 632
total
-
-
-
26 715
Employee
23 759
-
53 000
-
social contributions
8 012
-
17 871
-
regional
320
-
713
-
municipal
126
-
281
-
national
3 764
-
10 358
-
total
12 222
-
29 223
-
Employer
23 759
-
53 000
-
total
-
-
-
-
Corporate
29 241
53 000
-
-
nationa
7 018
12 720
-
-
municipal
1 453
2 634
-
-
total
8 471
15 354
-
-
Dividends
20 769
37 646
-
-
withholding
5 400
9 788
-
-
total
5 400
9 788
-
-
Income
53 000
53 000
53 000
53 000
Total tax
26 093
25 142
29 223
26 715
After tax
26 907
27 858
23 777
26 285
Living cost
11 538
11 538
11 538
11 538
Free-cash
15 369
16 320
12 239
14 747

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
₴23850
₴19339
₴13780
₴14254
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
4 662
health
-
-
-
7 155
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 762
total
-
-
-
26 579
Employee
18 590
-
39 552
-
social contributions
1 208
-
2 571
-
health
2 510
-
5 340
-
solidarity contribution
-
-
-
-
income
2 231
-
4 746
-
total
5 949
-
12 657
-
Employer
18 590
-
39 552
-
social contributions
4 648
-
9 888
-
health
1 673
-
3 560
-
total
6 321
-
13 448
-
Corporate
28 089
53 000
-
-
income
5 337
10 070
-
-
total
5 337
10 070
-
-
Dividends
22 752
42 930
-
-
withholding
3 413
6 439
-
-
total
3 413
6 439
-
-
Income
53 000
53 000
53 000
53 000
Total tax
21 020
16 509
26 105
26 579
After tax
31 980
36 491
26 895
26 421
Living cost
12 641
12 641
12 641
12 641
Free-cash
19 339
23 850
14 254
13 780

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
₴15920
₴15707
₴12870
₴1121
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
chamber of commerce
-
-
-
212
income
-
-
-
10 541
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
-
total
-
-
-
26 465
Employee
18 723
17 069
41 155
-
other
187
171
411
-
health
724
661
1 592
-
income
1 668
1 259
9 034
-
pensions
1 917
1 748
4 214
-
unemployment
562
512
1 235
-
total
5 058
4 351
16 486
-
Employer
18 723
17 069
41 155
-
accident
243
222
535
-
other
889
810
1 955
-
chamber of commerce
75
68
165
-
unemployment
562
512
1 235
-
surtax
-
-
-
-
pensions
2 350
2 143
5 165
-
payroll
562
512
1 235
-
health
708
645
1 556
-
total
5 389
4 912
11 846
-
Corporate
28 889
31 018
39 530
-
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.

7 222
7 754
9 882
-
total
7 222
7 754
9 882
-
Dividends
21 667
23 264
-
-
withholding
5 959
6 398
-
-
total
5 959
6 398
-
-
Income
53 000
53 000
53 000
53 000
Total tax
23 628
23 415
38 214
26 465
After tax
29 372
29 585
14 786
26 535
Living cost
13 665
13 665
13 665
13 665
Free-cash
15 707
15 920
1 121
12 870

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
₴44345
₴43219
₴46465
₴36395
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
53 000
microenterprise

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

-
-
-
530
total
-
-
-
530
Employee
7 506
-
53 000
-
income
1 501
-
10 600
-
total
1 501
-
10 600
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

45 494
53 000
-
-
total
-
-
-
-
Dividends
45 494
53 000
-
-
withholding
2 275
2 650
-
-
total
2 275
2 650
-
-
Income
53 000
53 000
53 000
53 000
Total tax
3 776
2 650
10 600
530
After tax
49 224
50 350
42 400
52 470
Living cost
6 005
6 005
6 005
6 005
Free-cash
43 219
44 345
36 395
46 465

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
₴25002
₴21421
₴15487
₴13969
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 000
income
-
-
-
11 051
pensions
-
-
-
9 679
unemployment
-
-
-
80
health
-
-
-
5 215
total
-
-
-
26 025
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
-
45 860
-
health
1 223
-
2 962
-
income
3 266
-
10 269
-
pensions
2 936
-
7 108
-
unemployment
27
-
64
-
total
7 452
-
20 403
-
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
-
45 860
-
unemployment
11
-
28
-
pensions
1 676
-
4 058
-
health
1 261
-
3 054
-
total
2 948
-
7 140
-
Corporate
31 111
53 000
-
-
income
5 911
10 070
-
-
total
5 911
10 070
-
-
Dividends
25 200
42 930
-
-
withholding
3 780
6 440
-
-
total
3 780
6 440
-
-
Income
53 000
53 000
53 000
53 000
Total tax
20 091
16 510
27 543
26 025
After tax
32 909
36 490
25 457
26 975
Living cost
11 488
11 488
11 488
11 488
Free-cash
21 421
25 002
13 969
15 487

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
₴13747
-₴10922
₴18129
₴28862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
10 331
social contributions
-
-
-
6 042
total
-
-
-
16 373
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
-
53 000
-
-
income
-
11 660
-
-
total
-
11 660
-
-
Dividends
-
41 340
-
-
income
-
9 095
-
-
total
-
9 095
-
-
Income
53 000
53 000
53 000
53 000
Total tax
45 424
20 755
5 640
16 373
After tax
7 576
32 245
47 360
36 627
Living cost
18 498
18 498
18 498
18 498
Free-cash
-10 922
13 747
28 862
18 129

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
₴16711
₴16279
₴15699
₴12371
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 000
income
-
-
-
5 448
surtax
-
-
-
-
social contributions

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

-
-
-
18 418
total
-
-
-
23 866
Employee
19 699
-
42 828
-
social contributions
2 167
-
4 711
-
surtax
-
-
-
-
income
4 098
-
12 311
-
total
6 265
-
17 022
-
Employer
19 699
-
42 828
-
social contributions
4 679
-
10 172
-
total
4 679
-
10 172
-
Corporate
28 622
53 000
-
-
surtax
-
-
-
-
income
6 011
11 130
-
-
total
6 011
11 130
-
-
Dividends
22 611
41 870
-
-
withholding
6 331
11 724
-
-
total
6 331
11 724
-
-
Income
53 000
53 000
53 000
53 000
Total tax
23 286
22 854
27 194
23 866
After tax
29 714
30 146
25 806
29 134
Living cost
13 435
13 435
13 435
13 435
Free-cash
16 279
16 711
12 371
15 699

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
₴6026
₴8968
₴9544
₴10941
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
6 486
pensions
-
-
-
11 590
other
-
-
-
1 643
health
-
-
-
1 540
surtax
-
-
-
-
social contributions
-
-
-
1 510
total
-
-
-
22 769
Employee
26 826
-
42 292
-
social contributions
764
-
1 205
-
surtax
-
-
-
-
income
2 341
-
7 061
-
pensions
3 034
-
2 399
-
total
6 139
-
10 665
-
Employer
26 826
-
42 292
-
other
926
-
1 459
-
social contributions
80
-
127
-
unemployment
1 087
-
1 713
-
pensions
4 408
-
4 136
-
health
1 878
-
3 272
-
total
8 379
-
10 707
-
Corporate
17 795
53 000
-
-
surtax
-
-
-
-
income
4 983
14 840
-
-
total
4 983
14 840
-
-
Dividends
12 813
38 160
-
-
surtax
-
-
-
-
social contributions
2 204
6 563
-
-
withholding
1 640
4 884
-
-
total
3 844
11 447
-
-
Income
53 000
53 000
53 000
53 000
Total tax
23 345
26 287
21 372
22 769
After tax
29 655
26 713
31 628
30 231
Living cost
20 687
20 687
20 687
20 687
Free-cash
8 968
6 026
10 941
9 544

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
₴34825
₴33386
₴26931
₴28340
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
1 533
social contributions
-
-
-
11 661
total
-
-
-
13 194
Employee
13 770
-
45 887
-
income
-
-
1 689
-
social contributions
895
-
2 983
-
total
895
-
4 672
-
Employer
13 770
-
45 887
-
social contributions
2 134
-
7 113
-
total
2 134
-
7 113
-
Corporate
37 096
53 000
-
-
income
3 710
5 300
-
-
total
3 710
5 300
-
-
Dividends
33 386
47 700
-
-
total
-
-
-
-
Income
53 000
53 000
53 000
53 000
Total tax
6 739
5 300
11 785
13 194
After tax
46 261
47 700
41 215
39 806
Living cost
12 875
12 875
12 875
12 875
Free-cash
33 386
34 825
28 340
26 931

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
-₴40362
-₴40362
₴11633
-₴40362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
municipal
-
-
-
10 373
pensions
-
-
-
371
national
-
-
-
5 776
labour market
-
-
-
4 210
total
-
-
-
20 730
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
53 000
53 000
53 000
53 000
Total tax
72 725
72 725
72 725
20 730
After tax
-19 725
-19 725
-19 725
32 270
Living cost
20 637
20 637
20 637
20 637
Free-cash
-40 362
-40 362
-40 362
11 633

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
-₴4937
₴2876
₴27079
₴18784
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
accident
-
-
-
108
income
-
-
-
13 724
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
16 691
Employee
14 519
-
46 397
-
health
1 663
-
5 313
-
income
1 992
-
9 821
-
pensions
1 635
-
3 249
-
total
5 290
-
18 383
-
Employer
14 519
-
46 397
-
accident
242
-
775
-
unemployment
356
-
1 137
-
pensions
2 361
-
4 691
-
total
2 959
-
6 603
-
Corporate
35 522
53 000
-
-
income

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

31 970
47 700
-
-
total
31 970
47 700
-
-
Dividends
3 552
5 300
-
-
withholding
675
1 007
-
-
total
675
1 007
-
-
Income
53 000
53 000
53 000
53 000
Total tax
40 894
48 707
24 986
16 691
After tax
12 106
4 293
28 014
36 309
Living cost
9 230
9 230
9 230
9 230
Free-cash
2 876
-4 937
18 784
27 079

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
₴18019
₴18055
₴20053
₴12785
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
53 000
municipal
-
-
-
9 425
health
-
-
-
637
national
-
-
-
6 441
total
-
-
-
16 503
Employee
22 535
-
44 587
-
health
168
-
508
-
municipal
3 691
-
7 272
-
pensions
1 521
-
3 010
-
unemployment
338
-
669
-
national
372
-
3 898
-
total
6 090
-
15 357
-
Employer
22 535
-
44 587
-
accident
23
-
45
-
unemployment
146
-
290
-
pensions
3 910
-
7 736
-
health
173
-
343
-
total
4 252
-
8 414
-
Corporate
26 214
53 000
-
-
income
5 243
10 600
-
-
total
5 243
10 600
-
-
Dividends

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

15 728
31 800
-
-
national
85
2 213
-
-
municipal
2 831
5 724
-
-
total
2 916
7 937
-
-
Income
53 000
53 000
53 000
53 000
Total tax
18 501
18 537
23 771
16 503
After tax
34 499
34 463
29 229
36 497
Living cost
16 444
16 444
16 444
16 444
Free-cash
18 055
18 019
12 785
20 053

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
₴28820
₴26490
₴27230
₴26662
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
7 571
health
-
-
-
1 352
social contributions
-
-
-
6 930
total
-
-
-
15 853
Employee
32 936
32 936
48 417
-
social contributions
1 245
2 733
3 687
-
health
255
560
823
-
income
3 586
3 049
7 328
-
total
5 086
6 342
11 838
-
Employer
32 936
32 936
48 417
-
social contributions
1 245
2 733
3 687
-
health
277
610
896
-
total
1 522
3 343
4 583
-
Corporate
36 474
16 721
-
-
income
4 559
2 091
-
-
total
4 559
2 091
-
-
Dividends
31 915
14 631
-
-
withholding
5 426
2 487
-
-
total
5 426
2 487
-
-
Income
53 000
53 000
53 000
53 000
Total tax
16 593
14 263
16 421
15 853
After tax
36 407
38 737
36 579
37 147
Living cost
9 917
9 917
9 917
9 917
Free-cash
26 490
28 820
26 662
27 230

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
₴37090
₴34909
₴36706
₴28116
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
53 000
income
-
-
-
5 207
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
9 494
Employee

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

9 831
-
48 814
-
health
836
-
3 454
-
income
672
-
4 145
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
13 898
-
Employer

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

9 831
-
48 814
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
42 157
53 000
-
-
income
3 794
4 770
-
-
total
3 794
4 770
-
-
Dividends
38 362
48 230
-
-
withholding
3 453
4 340
-
-
total
3 453
4 340
-
-
Income
53 000
53 000
53 000
53 000
Total tax
11 291
9 110
18 084
9 494
After tax
41 709
43 890
34 916
43 506
Living cost
6 800
6 800
6 800
6 800
Free-cash
34 909
37 090
28 116
36 706

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
₴23821
₴21664
₴17602
₴15545
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
accident
-
-
-
358
income
-
-
-
11 709
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
23 620
Employee
15 837
-
40 344
-
other
15
-
40
-
income
3 053
-
10 500
-
pensions
745
-
1 866
-
unemployment
245
-
615
-
total
4 058
-
13 021
-
Employer
15 837
-
40 344
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
32 113
53 000
-
-
income

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

4 817
7 950
-
-
total
4 817
7 950
-
-
Dividends
27 297
45 050
-
-
withholding
5 634
9 451
-
-
total
5 634
9 451
-
-
Income
53 000
53 000
53 000
53 000
Total tax
19 558
17 401
25 677
23 620
After tax
33 442
35 599
27 323
29 380
Living cost
11 778
11 778
11 778
11 778
Free-cash
21 664
23 821
15 545
17 602

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
₴31902
₴31709
₴32593
₴32511
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
17 765
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
19 237
Employee
1 782
-
52 040
-
health
89
-
213
-
income
345
-
17 720
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
18 360
-
Employer
1 782
-
52 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
50 817
53 000
-
-
income
11 180
11 660
-
-
total
11 180
11 660
-
-
Dividends
39 638
41 340
-
-
withholding
7 928
8 268
-
-
total
7 928
8 268
-
-
Income
53 000
53 000
53 000
53 000
Total tax
20 121
19 928
19 319
19 237
After tax
32 879
33 072
33 681
33 763
Living cost
1 170
1 170
1 170
1 170
Free-cash
31 709
31 902
32 511
32 593

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
₴30884
₴28777
₴22165
₴22166
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 000
income
-
-
-
11 461
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
23 427
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
-
47 334
-
health
575
-
1 630
-
income
1 540
-
11 461
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
17 760
-
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
-
47 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
39 830
53 000
-
-
income
5 975
7 950
-
-
total
5 975
7 950
-
-
Dividends
33 856
45 050
-
-
withholding
5 078
6 758
-
-
total
5 078
6 758
-
-
Income
53 000
53 000
53 000
53 000
Total tax
16 815
14 708
23 426
23 427
After tax
36 185
38 292
29 574
29 573
Living cost
7 408
7 408
7 408
7 408
Free-cash
28 777
30 884
22 166
22 165

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
₴18599
₴18445
₴17587
₴14259
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 000
income
-
-
-
5 448
surtax
-
-
-
-
social contributions

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

-
-
-
18 418
total
-
-
-
23 866
Employee
16 624
-
42 828
-
social contributions
1 829
-
4 711
-
surtax
-
-
-
-
income
3 248
-
12 311
-
total
5 077
-
17 022
-
Employer
16 624
-
42 828
-
social contributions
3 948
-
10 172
-
total
3 948
-
10 172
-
Corporate
32 428
53 000
-
-
surtax
-
-
-
-
income
6 810
11 130
-
-
total
6 810
11 130
-
-
Dividends
25 618
41 870
-
-
withholding
7 173
11 724
-
-
total
7 173
11 724
-
-
Income
53 000
53 000
53 000
53 000
Total tax
23 008
22 854
27 194
23 866
After tax
29 992
30 146
25 806
29 134
Living cost
11 547
11 547
11 547
11 547
Free-cash
18 445
18 599
14 259
17 587

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
₴20546
₴17367
₴14327
₴12270
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
accident
-
-
-
358
income
-
-
-
11 709
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
23 620
Employee
20 686
-
40 344
-
other
20
-
40
-
income
4 321
-
10 500
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 633
-
13 021
-
Employer
20 686
-
40 344
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
25 719
53 000
-
-
income

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

3 858
7 950
-
-
total
3 858
7 950
-
-
Dividends
21 861
45 050
-
-
withholding
4 493
9 451
-
-
total
4 493
9 451
-
-
Income
53 000
53 000
53 000
53 000
Total tax
20 580
17 401
25 677
23 620
After tax
32 420
35 599
27 323
29 380
Living cost
15 053
15 053
15 053
15 053
Free-cash
17 367
20 546
12 270
14 327

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
₴37943
₴35331
₴33680
₴35516
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
7 950
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
-
-
-
11 948
Employee
9 762
-
50 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
5 006
-
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
-
7 174
-
Employer
9 762
-
50 063
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
41 322
53 000
-
-
income
4 132
5 300
-
-
total
4 132
5 300
-
-
Dividends
37 190
47 700
-
-
withholding
1 860
2 385
-
-
total
1 860
2 385
-
-
Income
53 000
53 000
53 000
53 000
Total tax
10 297
7 685
10 112
11 948
After tax
42 703
45 315
42 888
41 052
Living cost
7 372
7 372
7 372
7 372
Free-cash
35 331
37 943
35 516
33 680

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
₴10778
₴16381
₴14133
₴18881
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 000
trade
-
-
-
4 748
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.

-
-
-
13 893
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.

-
-
-
764
total
-
-
-
22 331
Employee

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

21 311
-
53 000
-
health

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

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

2 926
-
2 926
-
surtax

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

97
-
764
-
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
-
13 893
-
total
4 775
-
17 583
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 689
53 000
-
-
surtax

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

262
437
-
-
income
4 753
7 950
-
-
trade
4 548
7 605
-
-
chamber of commerce
111
143
-
-
total
9 674
16 135
-
-
Dividends
22 014
36 864
-
-
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.

293
498
-
-
withholding
5 341
9 053
-
-
total
5 634
9 551
-
-
Income
53 000
53 000
53 000
53 000
Total tax
20 083
25 686
17 583
22 331
After tax
32 917
27 314
35 417
30 669
Living cost
16 536
16 536
16 536
16 536
Free-cash
16 381
10 778
18 881
14 133

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
₴12701
₴13647
₴9554
₴9554
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
14 120
social contributions
-
-
-
4 927
total
-
-
-
19 047
Employee
33 504
-
53 000
-
income
6 322
-
14 120
-
social contributions
2 783
-
4 927
-
total
9 105
-
19 047
-
Employer
33 504
-
53 000
-
total
-
-
-
-
Corporate
19 496
53 000
-
-
income
2 437
6 625
-
-
total
2 437
6 625
-
-
Dividends
17 059
46 375
-
-
withholding
3 412
9 275
-
-
total
3 412
9 275
-
-
Income
53 000
53 000
53 000
53 000
Total tax
14 954
15 900
19 047
19 047
After tax
38 046
37 100
33 953
33 953
Living cost
24 399
24 399
24 399
24 399
Free-cash
13 647
12 701
9 554
9 554

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
₴16639
₴18135
₴22399
₴23506
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 000
income
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 649
-
51 030
-
income
2 132
-
10 006
-
social contributions
1 969
-
1 970
-
total
4 101
-
11 976
-
Employer
19 649
-
51 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
31 383
53 000
-
-
income
10 984
18 550
-
-
total
10 984
18 550
-
-
Dividends
20 398
34 450
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
53 000
53 000
53 000
53 000
Total tax
19 317
20 813
13 946
15 053
After tax
33 683
32 187
39 054
37 947
Living cost
15 548
15 548
15 548
15 548
Free-cash
18 135
16 639
23 506
22 399

Estimated living cost  is ₴15548 per week

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

Source of data for Sliema model

Close
Edinburgh , United Kingdom
₴21176
₴21320
₴20886
₴15964
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
income
-
-
-
12 736
pensions
-
-
-
3 413
total
-
-
-
16 149
Employee
21 914
-
46 509
-
health
286
-
763
-
income
3 991
-
9 453
-
pensions
1 673
-
4 364
-
total
5 950
-
14 580
-
Employer
21 914
-
46 509
-
pensions
2 214
-
5 607
-
health
416
-
884
-
total
2 630
-
6 491
-
Corporate
28 456
53 000
-
-
income

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

5 407
10 070
-
-
total
5 407
10 070
-
-
Dividends
23 049
42 930
-
-
withholding
1 728
5 789
-
-
total
1 728
5 789
-
-
Income
53 000
53 000
53 000
53 000
Total tax
15 715
15 859
21 071
16 149
After tax
37 285
37 141
31 929
36 851
Living cost
15 965
15 965
15 965
15 965
Free-cash
21 320
21 176
15 964
20 886

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
-₴5850
₴2738
₴26166
₴17871
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
accident
-
-
-
108
income
-
-
-
13 724
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
16 691
Employee
15 956
-
46 397
-
health
1 827
-
5 313
-
income
2 189
-
9 821
-
pensions
1 797
-
3 249
-
total
5 813
-
18 383
-
Employer
15 956
-
46 397
-
accident
266
-
775
-
unemployment
391
-
1 137
-
pensions
2 594
-
4 691
-
total
3 251
-
6 603
-
Corporate
33 792
53 000
-
-
income

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

30 413
47 700
-
-
total
30 413
47 700
-
-
Dividends
3 379
5 300
-
-
withholding
642
1 007
-
-
total
642
1 007
-
-
Income
53 000
53 000
53 000
53 000
Total tax
40 119
48 707
24 986
16 691
After tax
12 881
4 293
28 014
36 309
Living cost
10 143
10 143
10 143
10 143
Free-cash
2 738
-5 850
17 871
26 166

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
₴38815
₴36811
₴24241
₴29398
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 000
work injury
-
-
-
265
health insurance
-
-
-
3 922
income
-
-
-
8 399
pensions
-
-
-
9 752
unemployment
-
-
-
636
total
-
-
-
22 974
Employee

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

9 257
-
53 000
-
work injury
46
-
171
-
income
926
-
8 399
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
17 817
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 743
53 000
-
-
income

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

437
530
-
-
total
437
530
-
-
Dividends
43 306
52 470
-
-
withholding
6 496
7 870
-
-
total
6 496
7 870
-
-
Income
53 000
53 000
53 000
53 000
Total tax
10 404
8 400
17 817
22 974
After tax
42 596
44 600
35 183
30 026
Living cost
5 785
5 785
5 785
5 785
Free-cash
36 811
38 815
29 398
24 241

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
₴10853
₴8906
₴8830
₴6407
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 000
municipal
-
-
-
354
regional
-
-
-
1 152
national
-
-
-
11 969
social contributions
-
-
-
13 632
total
-
-
-
27 107
Employee
36 093
-
53 000
-
social contributions
12 170
-
17 871
-
regional
545
-
985
-
municipal
215
-
316
-
national
6 099
-
10 358
-
total
19 029
-
29 530
-
Employer
36 093
-
53 000
-
total
-
-
-
-
Corporate
16 907
53 000
-
-
nationa
4 058
12 720
-
-
municipal
815
2 555
-
-
total
4 873
15 275
-
-
Dividends
12 034
37 726
-
-
withholding
3 129
9 809
-
-
total
3 129
9 809
-
-
Income
53 000
53 000
53 000
53 000
Total tax
27 031
25 084
29 530
27 107
After tax
25 969
27 916
23 470
25 893
Living cost
17 063
17 063
17 063
17 063
Free-cash
8 906
10 853
6 407
8 830

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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