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
₴ 53500
per

Your estimated
City
free-cash

Dresden , Germany
₴22256
₴11487
₴17591
₴17167
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 500
health

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

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

-
-
-
3 509
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.

-
-
-
11 543
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.

-
-
-
635
trade
-
-
-
4 665
total
-
-
-
20 352
Employee

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

19 645
-
53 500
-
surtax

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

30
-
635
-
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.

549
-
11 543
-
health

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

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

3 509
-
3 509
-
total
4 088
-
15 687
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
33 855
53 500
-
-
chamber of commerce
127
155
-
-
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.

280
442
-
-
trade
5 332
8 426
-
-
income
5 078
8 025
-
-
total
10 817
17 048
-
-
Dividends
23 038
36 452
-
-
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.

306
490
-
-
withholding
5 565
8 918
-
-
total
5 871
9 408
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 776
26 456
15 687
20 352
After tax
32 724
27 044
37 813
33 148
Living cost
15 557
15 557
15 557
15 557
Free-cash
17 167
11 487
22 256
17 591

Estimated living cost  is ₴15557 per week

₴9786
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1814
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3667
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5728
₴6403
₴5308
₴5954
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
575
pensions
-
-
-
6 420
national
-
-
-
8 640
municipal
-
-
-
5 576
total
-
-
-
21 211
Employee
41 826
-
46 250
-
municipal
5 166
-
5 783
-
national
8 005
-
8 961
-
pensions
1 673
-
1 850
-
total
14 844
-
16 594
-
Employer
41 826
-
46 250
-
pensions
3 346
-
3 700
-
social contributions
450
-
497
-
total
3 796
-
4 197
-
Corporate
5 118
53 500
-
-
income

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

1 024
10 700
-
-
total
1 024
10 700
-
-
Dividends
4 095
42 800
-
-
withholding
901
9 416
-
-
total
901
9 416
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 565
20 116
20 791
21 211
After tax
32 935
33 384
32 709
32 289
Living cost
26 981
26 981
26 981
26 981
Free-cash
5 954
6 403
5 728
5 308

Estimated living cost  is ₴26981 per week

₴18339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2508
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴404
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19445
₴32114
₴17849
₴27901
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 500
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.

-
-
-
17 201
income
-
-
-
7 764
surtax
-
-
-
-
microenterprise
-
-
-
-
total
-
-
-
24 965
Employee
15 009
-
43 114
-
surtax
-
-
-
-
social contributions

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

1 651
-
4 743
-
income
2 672
-
8 240
-
total
4 323
-
12 983
-
Employer
15 009
-
43 114
-
surtax
-
-
-
-
social contributions

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

3 615
-
10 386
-
total
3 615
-
10 386
-
Corporate
34 876
53 500
-
-
income

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

6 975
10 700
-
-
total
6 975
10 700
-
-
Dividends

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

27 901
42 800
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
14 913
10 700
23 369
24 965
After tax
38 587
42 800
30 131
28 535
Living cost
10 686
10 686
10 686
10 686
Free-cash
27 901
32 114
19 445
17 849

Estimated living cost  is ₴10686 per week

₴6817
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1018
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2608
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4993
₴4420
₴8838
₴1274
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
6 276
income
-
-
-
10 851
pensions
-
-
-
6 018
total
-
-
-
23 145
Employee
43 862
43 862
45 528
-
income

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

7 179
7 179
7 179
-
pensions
7 895
6 018
6 018
-
health
6 732
5 726
5 821
-
total
21 806
18 923
19 018
-
Employer
43 862
43 862
45 528
-
unemployment
1 579
1 579
1 639
-
health
3 049
3 049
3 164
-
pensions
3 053
3 053
3 169
-
total
7 681
7 681
7 972
-
Corporate
2 495
1 957
-
-
income
499
392
-
-
total
499
392
-
-
Dividends
1 996
1 566
-
-
income
424
332
-
-
withholding
299
235
-
-
total
723
567
-
-
Income
53 500
53 500
53 500
53 500
Total tax
30 709
27 563
26 990
23 145
After tax
22 791
25 937
26 510
30 355
Living cost
21 517
21 517
21 517
21 517
Free-cash
1 274
4 420
4 993
8 838

Estimated living cost  is ₴21517 per week

₴15248
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7369
₴8010
₴6899
₴7533
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
5 399
health
-
-
-
2 899
accident
-
-
-
93
pensions
-
-
-
5 023
national
-
-
-
-
unemployment
-
-
-
46
municipal
-
-
-
11 940
total
-
-
-
25 400
Employee
30 210
-
40 709
-
municipal
9 009
-
12 139
-
national
-
-
-
-
total
9 009
-
12 139
-
Employer
30 210
-
40 709
-
other
3 510
-
4 730
-
unemployment
798
-
1 075
-
health
1 858
-
2 504
-
accident
60
-
81
-
pensions
3 266
-
4 401
-
total
9 492
-
12 791
-
Corporate
13 798
53 500
-
-
income
3 036
11 770
-
-
total
3 036
11 770
-
-
Dividends
10 763
41 730
-
-
withholding
3 229
12 519
-
-
total
3 229
12 519
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 766
24 289
24 930
25 400
After tax
28 734
29 211
28 570
28 100
Living cost
21 201
21 201
21 201
21 201
Free-cash
7 533
8 010
7 369
6 899

Estimated living cost  is ₴21201 per week

₴14051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2080
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17635
₴6590
₴12762
₴13807
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 500
health

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

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

-
-
-
3 509
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.

-
-
-
11 543
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.

-
-
-
635
trade
-
-
-
4 873
total
-
-
-
20 560
Employee

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

26 047
-
53 500
-
surtax

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

123
-
635
-
income

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

2 238
-
11 543
-
health

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

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

3 509
-
3 509
-
total
5 870
-
15 687
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 453
53 500
-
-
chamber of commerce
117
154
-
-
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.

226
442
-
-
trade
4 516
8 801
-
-
income
4 118
8 025
-
-
total
8 977
17 422
-
-
Dividends
18 476
36 079
-
-
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.

244
485
-
-
withholding
4 424
8 825
-
-
total
4 668
9 310
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 515
26 732
15 687
20 560
After tax
33 985
26 768
37 813
32 940
Living cost
20 178
20 178
20 178
20 178
Free-cash
13 807
6 590
17 635
12 762

Estimated living cost  is ₴20178 per week

₴13495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2128
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4254
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20947
₴22489
₴21025
₴20360
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
8 310
health
-
-
-
1 365
income
-
-
-
6 140
total
-
-
-
15 815
Employee
39 496
39 496
48 570
-
social contributions
1 919
3 278
4 031
-
income
4 147
3 656
6 106
-
health
393
672
826
-
total
6 459
7 606
10 963
-
Employer
39 496
39 496
48 570
-
health
428
731
899
-
social contributions
1 919
3 278
4 031
-
total
2 347
4 009
4 930
-
Corporate
28 034
9 995
-
-
income
3 504
1 250
-
-
total
3 504
1 250
-
-
Dividends
24 530
8 746
-
-
withholding
4 170
1 486
-
-
total
4 170
1 486
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 480
14 351
15 893
15 815
After tax
37 020
39 149
37 607
37 685
Living cost
16 660
16 660
16 660
16 660
Free-cash
20 360
22 489
20 947
21 025

Estimated living cost  is ₴16660 per week

₴11389
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1301
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3690
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21428
₴20549
₴27477
₴20749
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
3 745
income
-
-
-
6 540
pensions
-
-
-
5 350
unemployment
-
-
-
802
total
-
-
-
16 437
Employee

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

The minimum wage is 138,000 HUF per month.

13 838
5 507
44 770
-
income
1 692
673
5 473
-
pensions
1 384
551
4 477
-
health
969
386
3 134
-
unemployment
208
83
672
-
total
4 253
1 693
13 756
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 838
5 507
44 770
-
pensions
2 698
1 074
8 730
-
total
2 698
1 074
8 730
-
Corporate
36 964
46 919
-
-
income
3 327
4 223
-
-
total
3 327
4 223
-
-
Dividends
33 637
42 696
-
-
social contributions
6 496
8 263
-
-
withholding
6 391
8 112
-
-
total
12 887
16 375
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 165
23 365
22 486
16 437
After tax
30 335
30 135
31 014
37 063
Living cost
9 586
9 586
9 586
9 586
Free-cash
20 749
20 549
21 428
27 477

Estimated living cost  is ₴9586 per week

₴6542
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴784
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴192
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2069
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18432
₴30394
₴16270
₴27204
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
6 955
income
-
-
-
7 169
pensions
-
-
-
10 700
total
-
-
-
24 824
Employee
14 571
-
39 985
-
income
1 640
-
7 709
-
pensions
291
-
799
-
unemployment
233
-
639
-
total
2 164
-
9 147
-
Employer
14 571
-
39 985
-
unemployment
117
-
320
-
health
1 894
-
5 198
-
pensions
2 914
-
7 997
-
total
4 925
-
13 515
-
Corporate
34 004
53 500
-
-
income
6 801
10 700
-
-
total
6 801
10 700
-
-
Dividends
27 203
42 800
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
13 890
10 700
22 662
24 824
After tax
39 610
42 800
30 838
28 676
Living cost
12 406
12 406
12 406
12 406
Free-cash
27 204
30 394
18 432
16 270

Estimated living cost  is ₴12406 per week

₴8509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴739
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.
₴2909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16389
-₴7023
₴25352
₴2592
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
191
health
-
-
-
1 126
accident
-
-
-
130
income
-
-
-
13 197
pensions
-
-
-
2 148
total
-
-
-
16 792
Employee
17 863
-
45 921
-
income
2 451
-
8 980
-
pensions
2 011
-
3 938
-
health
2 045
-
5 258
-
total
6 507
-
18 176
-
Employer
17 863
-
45 921
-
unemployment
438
-
1 125
-
accident
298
-
767
-
pensions
2 905
-
5 687
-
total
3 641
-
7 579
-
Corporate
31 996
53 500
-
-
income

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

28 796
48 150
-
-
total
28 796
48 150
-
-
Dividends
3 200
5 350
-
-
withholding
608
1 017
-
-
total
608
1 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
39 552
49 167
25 755
16 792
After tax
13 948
4 333
27 745
36 708
Living cost
11 356
11 356
11 356
11 356
Free-cash
2 592
-7 023
16 389
25 352

Estimated living cost  is ₴11356 per week

₴8323
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴629
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38544
₴46569
₴48709
₴45771
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
53 500
microenterprise

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

-
-
-
535
total
-
-
-
535
Employee
5 320
-
53 500
-
income
1 064
-
10 700
-
total
1 064
-
10 700
-
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%.

48 180
53 500
-
-
total
-
-
-
-
Dividends
48 180
53 500
-
-
withholding
2 409
2 675
-
-
total
2 409
2 675
-
-
Income
53 500
53 500
53 500
53 500
Total tax
3 473
2 675
10 700
535
After tax
50 027
50 825
42 800
52 965
Living cost
4 256
4 256
4 256
4 256
Free-cash
45 771
46 569
38 544
48 709

Estimated living cost  is ₴4256 per week

₴2638
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴354
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1148
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17524
₴25621
₴15283
₴22151
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
2 541
health
-
-
-
2 354
income
-
-
-
6 796
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.

-
-
-
12 840
total
-
-
-
24 531
Employee
18 649
-
42 731
-
income
3 211
-
7 505
-
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.

1 305
-
2 991
-
health
261
-
598
-
unemployment
186
-
427
-
total
4 963
-
11 521
-
Employer
18 649
-
42 731
-
other
933
-
2 137
-
unemployment
186
-
427
-
health
261
-
598
-
accident
149
-
342
-
pensions

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

3 171
-
7 265
-
total
4 700
-
10 769
-
Corporate
30 151
53 500
-
-
income
6 332
11 235
-
-
total
6 332
11 235
-
-
Dividends
23 819
42 265
-
-
withholding
1 668
2 958
-
-
total
1 668
2 958
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 663
14 193
22 290
24 531
After tax
35 837
39 307
31 210
28 969
Living cost
13 686
13 686
13 686
13 686
Free-cash
22 151
25 621
17 524
15 283

Estimated living cost  is ₴13686 per week

₴9670
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴924
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴565
₴4914
₴4193
-₴1183
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
11 464
pensions
-
-
-
3 852
total
-
-
-
15 316
Employee
48 092
-
47 068
-
income
8 669
-
8 356
-
health
792
-
771
-
pensions
4 640
-
4 516
-
total
14 101
-
13 643
-
Employer
48 092
-
47 068
-
health
913
-
894
-
pensions
5 678
-
5 537
-
total
6 591
-
6 431
-
Corporate
-
53 500
-
-
income

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

-
10 165
-
-
total
-
10 165
-
-
Dividends
-
43 335
-
-
withholding
-
4 430
-
-
total
-
4 430
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 692
14 595
20 074
15 316
After tax
32 808
38 905
33 426
38 184
Living cost
33 991
33 991
33 991
33 991
Free-cash
-1 183
4 914
-565
4 193

Estimated living cost  is ₴33991 per week

₴25470
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴276
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴35804
₴39092
₴34093
₴36734
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
2 038
income
-
-
-
8 025
pensions

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

-
-
-
2 622
unemployment
-
-
-
71
total
-
-
-
12 756
Employee
8 807
-
50 024
-
income
881
-
5 002
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

773
-
1 556
-
health
405
-
815
-
total
2 156
-
7 568
-
Employer
8 807
-
50 024
-
unemployment
53
-
106
-
health
608
-
1 223
-
accident

We are using the highest rate at 1.1%.

97
-
195
-
pensions

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

971
-
1 953
-
total
1 729
-
3 477
-
Corporate
42 965
53 500
-
-
income
4 297
5 350
-
-
total
4 297
5 350
-
-
Dividends
38 668
48 150
-
-
withholding
1 933
2 407
-
-
total
1 933
2 407
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 115
7 757
11 045
12 756
After tax
43 385
45 743
42 455
40 744
Living cost
6 651
6 651
6 651
6 651
Free-cash
36 734
39 092
35 804
34 093

Estimated living cost  is ₴6651 per week

₴3883
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴475
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.
₴2117
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1972
-₴2545
₴1873
-₴2458
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
6 276
income
-
-
-
10 851
pensions
-
-
-
6 018
total
-
-
-
23 145
Employee
47 620
43 862
45 528
-
income

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

7 179
7 179
7 179
-
pensions
6 018
6 018
6 018
-
health
5 941
5 726
5 821
-
total
19 138
18 923
19 018
-
Employer
47 620
43 862
45 528
-
unemployment
1 715
1 579
1 639
-
health
3 309
3 049
3 164
-
pensions
3 314
3 053
3 169
-
total
8 338
7 681
7 972
-
Corporate
-
1 957
-
-
income
-
392
-
-
total
-
392
-
-
Dividends
-
1 566
-
-
income
-
332
-
-
withholding
-
235
-
-
total
-
567
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 476
27 563
26 990
23 145
After tax
26 024
25 937
26 510
30 355
Living cost
28 482
28 482
28 482
28 482
Free-cash
-2 458
-2 545
-1 972
1 873

Estimated living cost  is ₴28482 per week

₴21010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2544
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14489
₴24174
₴13397
₴19657
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
15 622
health
-
-
-
7 222
income
-
-
-
4 598
solidarity contribution
-
-
-
-
total
-
-
-
27 442
Employee
18 619
-
39 925
-
social contributions
1 210
-
2 595
-
solidarity contribution
-
-
-
-
income
2 234
-
4 791
-
health
2 514
-
5 390
-
total
5 958
-
12 776
-
Employer
18 619
-
39 925
-
health
1 676
-
3 593
-
social contributions
4 655
-
9 981
-
total
6 331
-
13 574
-
Corporate
28 550
53 500
-
-
income
5 424
10 165
-
-
total
5 424
10 165
-
-
Dividends
23 125
43 335
-
-
withholding
3 469
6 500
-
-
total
3 469
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 182
16 665
26 350
27 442
After tax
32 318
36 835
27 150
26 058
Living cost
12 661
12 661
12 661
12 661
Free-cash
19 657
24 174
14 489
13 397

Estimated living cost  is ₴12661 per week

₴8795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2717
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3096
₴6871
₴5641
₴4189
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
13 760
national
-
-
-
11 514
regional
-
-
-
594
municipal
-
-
-
318
total
-
-
-
26 186
Employee
45 648
-
53 500
-
social contributions
15 393
-
18 040
-
municipal
242
-
284
-
national
7 910
-
9 887
-
regional
431
-
520
-
total
23 976
-
28 731
-
Employer
45 648
-
53 500
-
total
-
-
-
-
Corporate
7 852
53 500
-
-
nationa
1 884
12 840
-
-
municipal
306
2 087
-
-
total
2 190
14 927
-
-
Dividends
5 662
38 573
-
-
withholding
1 472
10 029
-
-
total
1 472
10 029
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 638
24 956
28 731
26 186
After tax
25 862
28 544
24 769
27 314
Living cost
21 673
21 673
21 673
21 673
Free-cash
4 189
6 871
3 096
5 641

Estimated living cost  is ₴21673 per week

₴15108
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14931
₴22317
₴15972
₴20719
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
-
health
-
-
-
3 798
income
-
-
-
10 293
pensions
-
-
-
10 700
surtax
-
-
-
1 286
unemployment
-
-
-
117
total
-
-
-
26 194
Employee
16 985
-
44 197
-
surtax
56
-
1 167
-
income
2 847
-
9 614
-
other
-
-
-
-
pensions
1 133
-
2 948
-
health
434
-
1 127
-
unemployment
1 182
-
3 076
-
total
5 652
-
17 932
-
Employer
16 985
-
44 197
-
other
-
-
-
-
unemployment
538
-
1 401
-
health
773
-
2 011
-
pensions
2 264
-
5 891
-
total
3 575
-
9 303
-
Corporate
32 939
53 500
-
-
income
8 564
13 910
-
-
total
8 564
13 910
-
-
Dividends
24 376
39 590
-
-
withholding
3 656
5 939
-
-
total
3 656
5 939
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 447
19 849
27 235
26 194
After tax
32 053
33 651
26 265
27 306
Living cost
11 334
11 334
11 334
11 334
Free-cash
20 719
22 317
14 931
15 972

Estimated living cost  is ₴11334 per week

₴6930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1046
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3097
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10204
₴15683
₴14962
₴12863
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
11 464
pensions
-
-
-
3 852
total
-
-
-
15 316
Employee
32 230
-
47 068
-
income
5 805
-
8 356
-
health
468
-
771
-
pensions
2 736
-
4 516
-
total
9 009
-
13 643
-
Employer
32 230
-
47 068
-
health
612
-
894
-
pensions
3 489
-
5 537
-
total
4 101
-
6 431
-
Corporate
17 169
53 500
-
-
income

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

3 262
10 165
-
-
total
3 262
10 165
-
-
Dividends
13 907
43 335
-
-
withholding
1 043
4 430
-
-
total
1 043
4 430
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 415
14 595
20 074
15 316
After tax
36 085
38 905
33 426
38 184
Living cost
23 222
23 222
23 222
23 222
Free-cash
12 863
15 683
10 204
14 962

Estimated living cost  is ₴23222 per week

₴17398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3840
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴759
-₴16755
₴3447
₴666
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
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.

-
-
-
1 070
health
-
-
-
134
pensions
-
-
-
4 922
city
-
-
-
563
national
-
-
-
324
regional
-
-
-
1 820
total
-
-
-
8 833
Employee
48 238
-
47 884
-
national
228
-
225
-
city
518
-
515
-
pensions
4 053
-
4 023
-
health
109
-
108
-
regional
1 580
-
1 561
-
unemployment
-
-
-
-
total
6 488
-
6 432
-
Employer
48 238
-
47 884
-
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.

964
-
958
-
unemployment
-
-
-
-
health
109
-
108
-
pensions
4 053
-
4 023
-
total
5 126
-
5 089
-
Corporate
-
53 500
-
-
regional
-
11 315
-
-
national
-
4 547
-
-
total
-
15 862
-
-
Dividends
-
37 638
-
-
withholding
-
13 173
-
-
total
-
13 173
-
-
Income
53 500
53 500
53 500
53 500
Total tax
11 614
29 035
11 521
8 833
After tax
41 886
24 465
41 979
44 667
Living cost
41 220
41 220
41 220
41 220
Free-cash
666
-16 755
759
3 447

Estimated living cost  is ₴41220 per week

₴26805
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3699
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴506
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10210
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴14283
₴2963
₴9203
₴11293
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 500
health

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

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

-
-
-
3 509
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.

-
-
-
11 543
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.

-
-
-
635
trade
-
-
-
5 080
total
-
-
-
20 767
Employee

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

30 868
-
53 500
-
surtax

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

200
-
635
-
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.

3 630
-
11 543
-
health

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

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

3 509
-
3 509
-
total
7 339
-
15 687
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
22 632
53 500
-
-
chamber of commerce
110
153
-
-
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.

187
442
-
-
trade
3 881
9 175
-
-
income
3 395
8 025
-
-
total
7 573
17 795
-
-
Dividends
15 058
35 706
-
-
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.

196
481
-
-
withholding
3 569
8 731
-
-
total
3 765
9 212
-
-
Income
53 500
53 500
53 500
53 500
Total tax
18 677
27 007
15 687
20 767
After tax
34 823
26 493
37 813
32 733
Living cost
23 530
23 530
23 530
23 530
Free-cash
11 293
2 963
14 283
9 203

Estimated living cost  is ₴23530 per week

₴17185
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1882
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15873
₴9391
₴13172
₴12425
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
1 662
social contributions
-
-
-
1 524
health
-
-
-
1 108
income
-
-
-
5 397
pensions
-
-
-
13 064
surtax
-
-
-
-
total
-
-
-
22 755
Employee
21 983
-
43 340
-
surtax
-
-
-
-
social contributions
627
-
1 234
-
income
1 297
-
6 531
-
pensions
2 486
-
2 131
-
total
4 410
-
9 896
-
Employer
21 983
-
43 340
-
other
758
-
1 495
-
unemployment
890
-
1 755
-
health
1 539
-
3 033
-
pensions
3 611
-
3 745
-
social contributions
66
-
130
-
total
6 864
-
10 158
-
Corporate
24 653
53 500
-
-
surtax
-
-
-
-
income
6 903
14 980
-
-
total
6 903
14 980
-
-
Dividends
17 750
38 520
-
-
social contributions
3 053
6 626
-
-
surtax
-
-
-
-
withholding
2 272
4 930
-
-
total
5 325
11 556
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 502
26 536
20 054
22 755
After tax
29 998
26 964
33 446
30 745
Living cost
17 573
17 573
17 573
17 573
Free-cash
12 425
9 391
15 873
13 172

Estimated living cost  is ₴17573 per week

₴11080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1429
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17614
₴11132
₴14913
₴13989
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
1 662
social contributions
-
-
-
1 524
health
-
-
-
1 108
income
-
-
-
5 397
pensions
-
-
-
13 064
surtax
-
-
-
-
total
-
-
-
22 755
Employee
19 623
-
43 340
-
surtax
-
-
-
-
social contributions
559
-
1 234
-
income
1 012
-
6 531
-
pensions
2 219
-
2 131
-
total
3 790
-
9 896
-
Employer
19 623
-
43 340
-
other
677
-
1 495
-
unemployment
794
-
1 755
-
health
1 373
-
3 033
-
pensions
3 224
-
3 745
-
social contributions
58
-
130
-
total
6 126
-
10 158
-
Corporate
27 749
53 500
-
-
surtax
-
-
-
-
income
7 769
14 980
-
-
total
7 769
14 980
-
-
Dividends
19 980
38 520
-
-
social contributions
3 436
6 626
-
-
surtax
-
-
-
-
withholding
2 558
4 930
-
-
total
5 994
11 556
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 679
26 536
20 054
22 755
After tax
29 821
26 964
33 446
30 745
Living cost
15 832
15 832
15 832
15 832
Free-cash
13 989
11 132
17 614
14 913

Estimated living cost  is ₴15832 per week

₴9182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1608
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4742
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23450
₴21748
₴23467
₴22015
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
7 383
health
-
-
-
3 734
income
-
-
-
8 025
total
-
-
-
19 142
Employee
17 415
-
53 500
-
social contributions
2 404
-
7 383
-
income
2 905
-
8 042
-
health
1 215
-
3 734
-
total
6 524
-
19 159
-
Employer
17 415
-
53 500
-
total
-
-
-
-
Corporate
36 085
53 500
-
-
income

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

1 804
2 675
-
-
total
1 804
2 675
-
-
Dividends
34 281
50 825
-
-
social contributions
4 730
7 014
-
-
withholding
5 143
7 624
-
-
health
2 393
3 548
-
-
total
12 266
18 186
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 594
20 861
19 159
19 142
After tax
32 906
32 639
34 341
34 358
Living cost
10 891
10 891
10 891
10 891
Free-cash
22 015
21 748
23 450
23 467

Estimated living cost  is ₴10891 per week

₴7289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴672
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.
₴2679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2141
₴11857
₴8817
₴11064
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
4 093
income
-
-
-
9 130
chamber of commerce
-
-
-
214
pensions
-
-
-
9 897
surtax
-
-
-
101
unemployment
-
-
-
3 150
total
-
-
-
26 585
Employee
25 669
20 469
41 465
-
income
2 922
1 510
8 121
-
other
256
205
414
-
pensions
2 629
2 096
4 246
-
health
993
792
1 604
-
unemployment
770
614
1 244
-
total
7 570
5 217
15 629
-
Employer
25 669
20 469
41 465
-
other
1 219
972
1 970
-
unemployment
770
614
1 244
-
health
970
774
1 567
-
surtax
101
101
101
-
accident
333
266
539
-
pensions
3 221
2 569
5 204
-
payroll
770
614
1 244
-
chamber of commerce
102
82
166
-
total
7 486
5 992
12 035
-
Corporate
20 343
27 039
39 516
-
income

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

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

5 086
6 760
9 879
-
total
5 086
6 760
9 879
-
Dividends
15 257
20 279
-
-
withholding
4 196
5 576
-
-
total
4 196
5 576
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 338
23 545
37 543
26 585
After tax
29 162
29 955
15 957
26 915
Living cost
18 098
18 098
18 098
18 098
Free-cash
11 064
11 857
-2 141
8 817

Estimated living cost  is ₴18098 per week

₴12071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1544
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2003
₴11270
₴6139
₴3565
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
8 461
communal

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

-
-
-
2 702
national
-
-
-
17 470
total
-
-
-
28 633
Employee

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

36 740
-
41 435
-
national
11 295
-
13 132
-
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.

2 756
-
3 107
-
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.

1 726
-
1 947
-
communal

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

1 916
-
2 161
-
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.

320
-
361
-
total
18 013
-
20 708
-
Employer

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

36 740
-
41 435
-
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.

536
-
605
-
health

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

2 259
-
2 548
-
surtax
4 166
-
4 698
-
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.

478
-
539
-
pensions

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

3 256
-
3 671
-
total
10 695
-
12 061
-
Corporate
6 065
53 500
-
-
surtax
24
214
-
-
income
1 214
10 700
-
-
total
1 238
10 914
-
-
Dividends
4 827
42 585
-
-
withholding

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

1 261
12 588
-
-
total
1 261
12 588
-
-
Income
53 500
53 500
53 500
53 500
Total tax
31 207
23 502
32 769
28 633
After tax
22 293
29 998
20 731
24 867
Living cost
18 728
18 728
18 728
18 728
Free-cash
3 565
11 270
2 003
6 139

Estimated living cost  is ₴18728 per week

₴12063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9574
₴17493
₴10348
₴13401
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
48
accident
-
-
-
429
income
-
-
-
10 321
pensions
-
-
-
13 472
unemployment
-
-
-
333
total
-
-
-
24 603
Employee
25 567
-
40 568
-
income
5 395
-
9 867
-
other
25
-
41
-
pensions
1 202
-
1 907
-
unemployment
397
-
629
-
total
7 019
-
12 444
-
Employer
25 567
-
40 568
-
other
204
-
325
-
unemployment
1 407
-
2 231
-
accident
506
-
803
-
pensions
6 033
-
9 574
-
total
8 150
-
12 933
-
Corporate
19 783
53 500
-
-
income

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

2 967
8 025
-
-
total
2 967
8 025
-
-
Dividends
16 816
45 475
-
-
withholding
3 414
9 433
-
-
total
3 414
9 433
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 550
17 458
25 377
24 603
After tax
31 950
36 042
28 123
28 897
Living cost
18 549
18 549
18 549
18 549
Free-cash
13 401
17 493
9 574
10 348

Estimated living cost  is ₴18549 per week

₴13660
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1316
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3306
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4761
₴4760
₴2427
₴1163
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
3 758
accident
-
-
-
451
income
-
-
-
4 899
pensions
-
-
-
8 019
communal
-
-
-
3 381
surtax
-
-
-
2 652
total
-
-
-
23 160
Employee
38 897
-
47 789
-
surtax
2 384
-
2 929
-
income
3 757
-
6 236
-
pensions
3 111
-
3 823
-
health
1 731
-
2 127
-
total
10 983
-
15 115
-
Employer
38 897
-
47 789
-
health
1 186
-
1 458
-
accident
350
-
430
-
pensions
3 111
-
3 823
-
total
4 647
-
5 711
-
Corporate
9 956
53 500
-
-
surtax
104
561
-
-
income
1 493
8 025
-
-
communal
-
3 611
-
-
total
1 597
12 197
-
-
Dividends
8 358
41 302
-
-
income
5 944
2 435
-
-
withholding
1 253
6 195
-
-
total
7 197
8 630
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 424
20 827
20 826
23 160
After tax
29 076
32 673
32 674
30 340
Living cost
27 913
27 913
27 913
27 913
Free-cash
1 163
4 760
4 761
2 427

Estimated living cost  is ₴27913 per week

₴20939
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4987
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14728
₴22114
₴15769
₴20480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
-
health
-
-
-
3 798
income
-
-
-
10 293
pensions
-
-
-
10 700
surtax
-
-
-
1 286
unemployment
-
-
-
117
total
-
-
-
26 194
Employee
17 297
-
44 197
-
surtax
61
-
1 167
-
income
2 900
-
9 614
-
other
-
-
-
-
pensions
1 154
-
2 948
-
health
442
-
1 127
-
unemployment
1 204
-
3 076
-
total
5 761
-
17 932
-
Employer
17 297
-
44 197
-
other
-
-
-
-
unemployment
549
-
1 401
-
health
787
-
2 011
-
pensions
2 306
-
5 891
-
total
3 642
-
9 303
-
Corporate
32 561
53 500
-
-
income
8 466
13 910
-
-
total
8 466
13 910
-
-
Dividends
24 095
39 590
-
-
withholding
3 614
5 939
-
-
total
3 614
5 939
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 483
19 849
27 235
26 194
After tax
32 017
33 651
26 265
27 306
Living cost
11 537
11 537
11 537
11 537
Free-cash
20 480
22 114
14 728
15 769

Estimated living cost  is ₴11537 per week

₴6965
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1003
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3301
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10733
₴14284
₴13266
₴13144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
13 760
national
-
-
-
11 514
regional
-
-
-
806
municipal
-
-
-
318
total
-
-
-
26 398
Employee
28 492
-
53 500
-
social contributions
9 608
-
18 040
-
municipal
151
-
284
-
national
4 514
-
9 887
-
regional
384
-
720
-
total
14 657
-
28 931
-
Employer
28 492
-
53 500
-
total
-
-
-
-
Corporate
25 008
53 500
-
-
nationa
6 002
12 840
-
-
municipal
1 243
2 659
-
-
total
7 245
15 499
-
-
Dividends
17 763
38 001
-
-
withholding
4 618
9 881
-
-
total
4 618
9 881
-
-
Income
53 500
53 500
53 500
53 500
Total tax
26 520
25 380
28 931
26 398
After tax
26 980
28 120
24 569
27 102
Living cost
13 836
13 836
13 836
13 836
Free-cash
13 144
14 284
10 733
13 266

Estimated living cost  is ₴13836 per week

₴8605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3593
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11548
₴21233
₴10456
₴15668
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
15 622
health
-
-
-
7 222
income
-
-
-
4 598
solidarity contribution
-
-
-
-
total
-
-
-
27 442
Employee
22 944
-
39 925
-
social contributions
1 491
-
2 595
-
solidarity contribution
-
-
-
-
income
2 753
-
4 791
-
health
3 097
-
5 390
-
total
7 341
-
12 776
-
Employer
22 944
-
39 925
-
health
2 065
-
3 593
-
social contributions
5 736
-
9 981
-
total
7 801
-
13 574
-
Corporate
22 755
53 500
-
-
income
4 323
10 165
-
-
total
4 323
10 165
-
-
Dividends
18 432
43 335
-
-
withholding
2 765
6 500
-
-
total
2 765
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
22 230
16 665
26 350
27 442
After tax
31 270
36 835
27 150
26 058
Living cost
15 602
15 602
15 602
15 602
Free-cash
15 668
21 233
11 548
10 456

Estimated living cost  is ₴15602 per week

₴11603
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2865
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
-₴415
₴13622
₴10629
₴13368
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
4 093
income
-
-
-
9 130
chamber of commerce
-
-
-
214
pensions
-
-
-
9 897
surtax
-
-
-
-
unemployment
-
-
-
3 150
total
-
-
-
26 484
Employee
22 452
20 469
41 544
-
income
2 000
1 510
8 148
-
other
224
205
415
-
pensions
2 299
2 096
4 255
-
health
868
792
1 607
-
unemployment
674
614
1 247
-
total
6 065
5 217
15 672
-
Employer
22 452
20 469
41 544
-
other
1 066
972
1 973
-
unemployment
674
614
1 247
-
health
849
774
1 570
-
surtax
-
-
-
-
accident
291
266
540
-
pensions
2 818
2 569
5 214
-
payroll
674
614
1 247
-
chamber of commerce
90
82
166
-
total
6 462
5 891
11 957
-
Corporate
24 586
27 140
39 595
-
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.

6 147
6 785
9 899
-
total
6 147
6 785
9 899
-
Dividends
18 440
20 355
-
-
withholding
5 071
5 598
-
-
total
5 071
5 598
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 745
23 491
37 528
26 484
After tax
29 755
30 009
15 972
27 016
Living cost
16 387
16 387
16 387
16 387
Free-cash
13 368
13 622
-415
10 629

Estimated living cost  is ₴16387 per week

₴9830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1674
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36167
₴44192
₴46332
₴42949
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
53 500
microenterprise

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

-
-
-
535
total
-
-
-
535
Employee
8 291
-
53 500
-
income
1 658
-
10 700
-
total
1 658
-
10 700
-
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%.

45 209
53 500
-
-
total
-
-
-
-
Dividends
45 209
53 500
-
-
withholding
2 260
2 675
-
-
total
2 260
2 675
-
-
Income
53 500
53 500
53 500
53 500
Total tax
3 918
2 675
10 700
535
After tax
49 582
50 825
42 800
52 965
Living cost
6 633
6 633
6 633
6 633
Free-cash
42 949
44 192
36 167
46 332

Estimated living cost  is ₴6633 per week

₴4488
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴278
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1643
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12277
₴23058
₴13810
₴18760
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 500
health
-
-
-
5 264
income
-
-
-
10 799
pensions
-
-
-
9 770
unemployment
-
-
-
80
total
-
-
-
25 913
Employee

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

22 713
-
46 293
-
income
3 917
-
10 009
-
pensions
3 521
-
7 176
-
health
1 467
-
2 990
-
unemployment
32
-
64
-
total
8 937
-
20 239
-
Employer

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

22 713
-
46 293
-
unemployment
14
-
27
-
health
1 513
-
3 083
-
pensions
2 010
-
4 097
-
total
3 537
-
7 207
-
Corporate
27 251
53 500
-
-
income
5 178
10 165
-
-
total
5 178
10 165
-
-
Dividends
22 073
43 335
-
-
withholding
3 311
6 500
-
-
total
3 311
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 963
16 665
27 446
25 913
After tax
32 537
36 835
26 054
27 587
Living cost
13 777
13 777
13 777
13 777
Free-cash
18 760
23 058
12 277
13 810

Estimated living cost  is ₴13777 per week

₴9455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3173
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Ljubljana model

Close
Oslo , Norway
₴23221
₴9345
₴13769
-₴26683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
6 099
income
-
-
-
10 428
total
-
-
-
16 527
Employee
33 271
-
-
-
social contributions
2 728
-
389
-
income
7 339
-
-
-
total
10 067
-
389
-
Employer
33 271
-
-
-
social contributions
46 912
-
6 686
-
total
46 912
-
6 686
-
Corporate
-
53 500
-
-
income
-
11 770
-
-
total
-
11 770
-
-
Dividends
-
41 730
-
-
income
-
9 181
-
-
total
-
9 181
-
-
Income
53 500
53 500
53 500
53 500
Total tax
56 979
20 951
7 075
16 527
After tax
-3 479
32 549
46 425
36 973
Living cost
23 204
23 204
23 204
23 204
Free-cash
-26 683
9 345
23 221
13 769

Estimated living cost  is ₴23204 per week

₴15055
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2182
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5670
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10856
₴14320
₴13705
₴13802
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 500
social contributions

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

-
-
-
18 592
income
-
-
-
5 092
surtax
-
-
-
-
total
-
-
-
23 684
Employee
23 623
-
43 232
-
surtax
-
-
-
-
social contributions
2 599
-
4 756
-
income
4 914
-
11 509
-
total
7 513
-
16 265
-
Employer
23 623
-
43 232
-
social contributions
5 610
-
10 268
-
total
5 610
-
10 268
-
Corporate
24 267
53 500
-
-
surtax
-
-
-
-
income
5 096
11 235
-
-
total
5 096
11 235
-
-
Dividends
19 171
42 265
-
-
withholding
5 368
11 834
-
-
total
5 368
11 834
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 587
23 069
26 533
23 684
After tax
29 913
30 431
26 967
29 816
Living cost
16 111
16 111
16 111
16 111
Free-cash
13 802
14 320
10 856
13 705

Estimated living cost  is ₴16111 per week

₴12054
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8638
₴2156
₴5937
₴5686
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
1 662
social contributions
-
-
-
1 524
health
-
-
-
1 108
income
-
-
-
5 397
pensions
-
-
-
13 064
surtax
-
-
-
-
total
-
-
-
22 755
Employee
32 170
-
43 340
-
surtax
-
-
-
-
social contributions
916
-
1 234
-
income
2 807
-
6 531
-
pensions
3 639
-
2 131
-
total
7 362
-
9 896
-
Employer
32 170
-
43 340
-
other
1 110
-
1 495
-
unemployment
1 303
-
1 755
-
health
2 252
-
3 033
-
pensions
5 286
-
3 745
-
social contributions
96
-
130
-
total
10 047
-
10 158
-
Corporate
11 283
53 500
-
-
surtax
-
-
-
-
income
3 159
14 980
-
-
total
3 159
14 980
-
-
Dividends
8 124
38 520
-
-
social contributions
1 398
6 626
-
-
surtax
-
-
-
-
withholding
1 040
4 930
-
-
total
2 438
11 556
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 006
26 536
20 054
22 755
After tax
30 494
26 964
33 446
30 745
Living cost
24 808
24 808
24 808
24 808
Free-cash
5 686
2 156
8 638
5 937

Estimated living cost  is ₴24808 per week

₴16789
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2029
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴340
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5648
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26658
₴32711
₴25236
₴30985
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
1 054
social contributions
-
-
-
11 771
total
-
-
-
12 825
Employee
16 513
-
46 320
-
income
-
-
1 212
-
social contributions
1 073
-
3 011
-
total
1 073
-
4 223
-
Employer
16 513
-
46 320
-
social contributions
2 560
-
7 180
-
total
2 560
-
7 180
-
Corporate
34 428
53 500
-
-
income
3 443
5 350
-
-
total
3 443
5 350
-
-
Dividends
30 985
48 150
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
7 076
5 350
11 403
12 825
After tax
46 424
48 150
42 097
40 675
Living cost
15 440
15 440
15 440
15 440
Free-cash
30 985
32 711
26 658
25 236

Estimated living cost  is ₴15440 per week

₴9983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4002
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴58255
-₴58255
₴8350
-₴58255
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
labour market
-
-
-
4 244
pensions
-
-
-
445
national
-
-
-
5 708
municipal
-
-
-
10 050
total
-
-
-
20 447
Employee
104 264
104 264
104 264
-
labour market
8 329
8 329
8 329
-
municipal
22 202
22 202
22 202
-
national
12 738
12 738
12 738
-
pensions
148
148
148
-
total
43 417
43 417
43 417
-
Employer
104 264
104 264
104 264
-
national
12 760
12 760
12 760
-
labour market
8 341
8 341
8 341
-
pensions
296
296
296
-
municipal
22 238
22 238
22 238
-
total
43 635
43 635
43 635
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
87 052
87 052
87 052
20 447
After tax
-33 552
-33 552
-33 552
33 053
Living cost
24 703
24 703
24 703
24 703
Free-cash
-58 255
-58 255
-58 255
8 350

Estimated living cost  is ₴24703 per week

₴16907
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴380
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16557
-₴6855
₴25520
₴2617
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
191
health
-
-
-
1 126
accident
-
-
-
130
income
-
-
-
13 197
pensions
-
-
-
2 148
total
-
-
-
16 792
Employee
17 600
-
45 921
-
income
2 415
-
8 980
-
pensions
1 982
-
3 938
-
health
2 015
-
5 258
-
total
6 412
-
18 176
-
Employer
17 600
-
45 921
-
unemployment
431
-
1 125
-
accident
294
-
767
-
pensions
2 862
-
5 687
-
total
3 587
-
7 579
-
Corporate
32 313
53 500
-
-
income

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

29 082
48 150
-
-
total
29 082
48 150
-
-
Dividends
3 231
5 350
-
-
withholding
614
1 017
-
-
total
614
1 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
39 695
49 167
25 755
16 792
After tax
13 805
4 333
27 745
36 708
Living cost
11 188
11 188
11 188
11 188
Free-cash
2 617
-6 855
16 557
25 520

Estimated living cost  is ₴11188 per week

₴8144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴638
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2197
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10634
₴15689
₴18032
₴14794
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
53 500
health
-
-
-
609
national
-
-
-
5 619
municipal
-
-
-
9 520
total
-
-
-
15 748
Employee
27 023
-
45 007
-
municipal
4 426
-
7 346
-
national
446
-
3 116
-
pensions
1 824
-
3 038
-
health
202
-
479
-
unemployment
405
-
675
-
total
7 303
-
14 654
-
Employer
27 023
-
45 007
-
unemployment
175
-
292
-
health
208
-
347
-
accident
27
-
45
-
pensions
4 688
-
7 808
-
total
5 098
-
8 492
-
Corporate
21 378
53 500
-
-
income
4 276
10 700
-
-
total
4 276
10 700
-
-
Dividends

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

12 827
32 100
-
-
national
-
1 613
-
-
municipal
2 309
5 778
-
-
total
2 309
7 391
-
-
Income
53 500
53 500
53 500
53 500
Total tax
18 986
18 091
23 146
15 748
After tax
34 514
35 409
30 354
37 752
Living cost
19 720
19 720
19 720
19 720
Free-cash
14 794
15 689
10 634
18 032

Estimated living cost  is ₴19720 per week

₴12881
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1897
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25715
₴27257
₴25793
₴24463
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
8 310
health
-
-
-
1 365
income
-
-
-
6 140
total
-
-
-
15 815
Employee
39 496
39 496
48 570
-
social contributions
1 493
3 278
4 031
-
income
4 300
3 656
6 106
-
health
306
672
826
-
total
6 099
7 606
10 963
-
Employer
39 496
39 496
48 570
-
health
332
731
899
-
social contributions
1 493
3 278
4 031
-
total
1 825
4 009
4 930
-
Corporate
33 683
9 995
-
-
income
4 211
1 250
-
-
total
4 211
1 250
-
-
Dividends
29 472
8 746
-
-
withholding
5 010
1 486
-
-
total
5 010
1 486
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 145
14 351
15 893
15 815
After tax
36 355
39 149
37 607
37 685
Living cost
11 892
11 892
11 892
11 892
Free-cash
24 463
27 257
25 715
25 793

Estimated living cost  is ₴11892 per week

₴7127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1167
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3335
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24833
₴36149
₴35066
₴33537
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
53 500
health
-
-
-
1 859
income
-
-
-
5 138
pensions
-
-
-
3 267
unemployment
-
-
-
15
total
-
-
-
10 279
Employee

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

11 790
-
48 504
-
income
806
-
3 874
-
pensions
1 768
-
7 275
-
health
1 002
-
4 123
-
unemployment
58
-
243
-
total
3 634
-
15 515
-
Employer

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

11 790
-
48 504
-
unemployment
58
-
243
-
health
507
-
2 086
-
pensions
648
-
2 668
-
total
1 213
-
4 997
-
Corporate
40 497
53 500
-
-
income
3 644
4 815
-
-
total
3 644
4 815
-
-
Dividends
36 852
48 685
-
-
withholding
3 317
4 381
-
-
total
3 317
4 381
-
-
Income
53 500
53 500
53 500
53 500
Total tax
11 808
9 196
20 512
10 279
After tax
41 692
44 304
32 988
43 221
Living cost
8 155
8 155
8 155
8 155
Free-cash
33 537
36 149
24 833
35 066

Estimated living cost  is ₴8155 per week

₴5203
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴588
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Podgorica model

Close
Valencia , Spain
₴13999
₴21918
₴14773
₴19224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
48
accident
-
-
-
429
income
-
-
-
10 321
pensions
-
-
-
13 472
unemployment
-
-
-
333
total
-
-
-
24 603
Employee
18 992
-
40 568
-
income
3 661
-
9 867
-
other
19
-
41
-
pensions
893
-
1 907
-
unemployment
294
-
629
-
total
4 867
-
12 444
-
Employer
18 992
-
40 568
-
other
152
-
325
-
unemployment
1 045
-
2 231
-
accident
376
-
803
-
pensions
4 482
-
9 574
-
total
6 055
-
12 933
-
Corporate
28 453
53 500
-
-
income

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

4 268
8 025
-
-
total
4 268
8 025
-
-
Dividends
24 185
45 475
-
-
withholding
4 962
9 433
-
-
total
4 962
9 433
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 152
17 458
25 377
24 603
After tax
33 348
36 042
28 123
28 897
Living cost
14 124
14 124
14 124
14 124
Free-cash
19 224
21 918
13 999
14 773

Estimated living cost  is ₴14124 per week

₴9534
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2986
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33204
₴32437
₴33272
₴32282
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
501
income
-
-
-
18 089
pensions
-
-
-
691
total
-
-
-
19 281
Employee
1 443
-
52 723
-
income
279
-
18 053
-
pensions
130
-
311
-
health
72
-
173
-
unemployment
14
-
35
-
total
495
-
18 572
-
Employer
1 443
-
52 723
-
unemployment
29
-
69
-
health
137
-
328
-
pensions
159
-
380
-
total
325
-
777
-
Corporate
51 733
53 500
-
-
income
11 381
11 770
-
-
total
11 381
11 770
-
-
Dividends
40 352
41 730
-
-
withholding
8 070
8 346
-
-
total
8 070
8 346
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 271
20 116
19 349
19 281
After tax
33 229
33 384
34 151
34 219
Living cost
947
947
947
947
Free-cash
32 282
32 437
33 204
33 272

Estimated living cost  is ₴947 per week

₴563
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19700
₴29783
₴19698
₴27260
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 500
health
-
-
-
3 905
income
-
-
-
10 600
pensions
-
-
-
9 857
unemployment
-
-
-
569
total
-
-
-
24 931
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.

13 378
-
46 714
-
income
1 844
-
10 600
-
pensions
1 873
-
5 308
-
health
689
-
1 952
-
unemployment
100
-
284
-
total
4 506
-
18 144
-
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.

13 378
-
46 714
-
unemployment
100
-
284
-
health
689
-
1 952
-
pensions
1 605
-
4 549
-
total
2 394
-
6 785
-
Corporate
37 728
53 500
-
-
income
5 659
8 025
-
-
total
5 659
8 025
-
-
Dividends
32 069
45 475
-
-
withholding
4 810
6 821
-
-
total
4 810
6 821
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 369
14 846
24 929
24 931
After tax
36 131
38 654
28 571
28 569
Living cost
8 871
8 871
8 871
8 871
Free-cash
27 260
29 783
19 700
19 698

Estimated living cost  is ₴8871 per week

₴5973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13120
₴16584
₴15969
₴16398
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 500
social contributions

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

-
-
-
18 592
income
-
-
-
5 092
surtax
-
-
-
-
total
-
-
-
23 684
Employee
19 935
-
43 232
-
surtax
-
-
-
-
social contributions
2 193
-
4 756
-
income
3 895
-
11 509
-
total
6 088
-
16 265
-
Employer
19 935
-
43 232
-
social contributions
4 734
-
10 268
-
total
4 734
-
10 268
-
Corporate
28 831
53 500
-
-
surtax
-
-
-
-
income
6 055
11 235
-
-
total
6 055
11 235
-
-
Dividends
22 776
42 265
-
-
withholding
6 378
11 834
-
-
total
6 378
11 834
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 255
23 069
26 533
23 684
After tax
30 245
30 431
26 967
29 816
Living cost
13 847
13 847
13 847
13 847
Free-cash
16 398
16 584
13 120
15 969

Estimated living cost  is ₴13847 per week

₴9808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴962
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.
₴2833
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10072
₴17991
₴10846
₴14074
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
48
accident
-
-
-
429
income
-
-
-
10 321
pensions
-
-
-
13 472
unemployment
-
-
-
333
total
-
-
-
24 603
Employee
24 806
-
40 568
-
income
5 181
-
9 867
-
other
24
-
41
-
pensions
1 166
-
1 907
-
unemployment
384
-
629
-
total
6 755
-
12 444
-
Employer
24 806
-
40 568
-
other
199
-
325
-
unemployment
1 365
-
2 231
-
accident
491
-
803
-
pensions
5 854
-
9 574
-
total
7 909
-
12 933
-
Corporate
20 785
53 500
-
-
income

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

3 118
8 025
-
-
total
3 118
8 025
-
-
Dividends
17 667
45 475
-
-
withholding
3 593
9 433
-
-
total
3 593
9 433
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 375
17 458
25 377
24 603
After tax
32 125
36 042
28 123
28 897
Living cost
18 051
18 051
18 051
18 051
Free-cash
14 074
17 991
10 072
10 846

Estimated living cost  is ₴18051 per week

₴12964
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3430
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33728
₴37016
₴32017
₴33924
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
2 038
income
-
-
-
8 025
pensions

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

-
-
-
2 622
unemployment
-
-
-
71
total
-
-
-
12 756
Employee
11 555
-
50 024
-
income
1 156
-
5 002
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 014
-
1 556
-
health
532
-
815
-
total
2 829
-
7 568
-
Employer
11 555
-
50 024
-
unemployment
69
-
106
-
health
797
-
1 223
-
accident

We are using the highest rate at 1.1%.

127
-
195
-
pensions

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

1 273
-
1 953
-
total
2 266
-
3 477
-
Corporate
39 678
53 500
-
-
income
3 968
5 350
-
-
total
3 968
5 350
-
-
Dividends
35 710
48 150
-
-
withholding
1 786
2 407
-
-
total
1 786
2 407
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 849
7 757
11 045
12 756
After tax
42 651
45 743
42 455
40 744
Living cost
8 727
8 727
8 727
8 727
Free-cash
33 924
37 016
33 728
32 017

Estimated living cost  is ₴8727 per week

₴5772
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴500
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.
₴2247
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17983
₴7764
₴13732
₴14485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 500
health

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

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

-
-
-
3 509
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.

-
-
-
11 543
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.

-
-
-
635
trade
-
-
-
4 251
total
-
-
-
19 938
Employee

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

25 556
-
53 500
-
surtax

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

116
-
635
-
income

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

2 101
-
11 543
-
health

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

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

3 509
-
3 509
-
total
5 726
-
15 687
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 944
53 500
-
-
chamber of commerce
119
156
-
-
surtax

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

230
442
-
-
trade
4 010
7 677
-
-
income
4 191
8 025
-
-
total
8 550
16 300
-
-
Dividends
19 394
37 201
-
-
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.

256
501
-
-
withholding
4 653
9 105
-
-
total
4 909
9 606
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 185
25 906
15 687
19 938
After tax
34 315
27 594
37 813
33 562
Living cost
19 830
19 830
19 830
19 830
Free-cash
14 485
7 764
17 983
13 732

Estimated living cost  is ₴19830 per week

₴13679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3729
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6527
₴8192
₴6527
₴9324
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
12 910
social contributions
-
-
-
4 804
total
-
-
-
17 714
Employee
40 177
-
53 500
-
income
7 581
-
12 910
-
social contributions
3 338
-
4 804
-
total
10 919
-
17 714
-
Employer
40 177
-
53 500
-
total
-
-
-
-
Corporate
13 323
53 500
-
-
income
1 666
6 687
-
-
total
1 666
6 687
-
-
Dividends
11 657
46 813
-
-
withholding
2 332
9 362
-
-
total
2 332
9 362
-
-
Income
53 500
53 500
53 500
53 500
Total tax
14 917
16 049
17 714
17 714
After tax
38 583
37 451
35 786
35 786
Living cost
29 259
29 259
29 259
29 259
Free-cash
9 324
8 192
6 527
6 527

Estimated living cost  is ₴29259 per week

₴22259
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2384
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20679
₴13416
₴17069
₴15235
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 500
income
-
-
-
14 621
health

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

-
-
-
3 165
total
-
-
-
17 786
Employee
23 562
-
51 137
-
income
2 557
-
9 450
-
social contributions
2 361
-
2 363
-
total
4 918
-
11 813
-
Employer
23 562
-
51 137
-
social contributions
2 361
-
2 363
-
total
2 361
-
2 363
-
Corporate
27 577
53 500
-
-
income
9 652
18 725
-
-
total
9 652
18 725
-
-
Dividends
17 925
34 775
-
-
social contributions
2 689
2 714
-
-
total
2 689
2 714
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 620
21 439
14 176
17 786
After tax
33 880
32 061
39 324
35 714
Living cost
18 645
18 645
18 645
18 645
Free-cash
15 235
13 416
20 679
17 069

Estimated living cost  is ₴18645 per week

₴12281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14547
₴20026
₴19305
₴18339
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
11 464
pensions
-
-
-
3 852
total
-
-
-
15 316
Employee
25 913
-
47 068
-
income
4 719
-
8 356
-
health
338
-
771
-
pensions
1 978
-
4 516
-
total
7 035
-
13 643
-
Employer
25 913
-
47 068
-
health
493
-
894
-
pensions
2 618
-
5 537
-
total
3 111
-
6 431
-
Corporate
24 476
53 500
-
-
income

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

4 651
10 165
-
-
total
4 651
10 165
-
-
Dividends
19 825
43 335
-
-
withholding
1 486
4 430
-
-
total
1 486
4 430
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 283
14 595
20 074
15 316
After tax
37 217
38 905
33 426
38 184
Living cost
18 878
18 878
18 878
18 878
Free-cash
18 339
20 026
14 547
19 305

Estimated living cost  is ₴18878 per week

₴12951
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1736
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.
₴3955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴15449
-₴7963
₴24412
₴2447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
191
health
-
-
-
1 126
accident
-
-
-
130
income
-
-
-
13 197
pensions
-
-
-
2 148
total
-
-
-
16 792
Employee
19 342
-
45 921
-
income
2 654
-
8 980
-
pensions
2 178
-
3 938
-
health
2 215
-
5 258
-
total
7 047
-
18 176
-
Employer
19 342
-
45 921
-
unemployment
474
-
1 125
-
accident
323
-
767
-
pensions
3 145
-
5 687
-
total
3 942
-
7 579
-
Corporate
30 216
53 500
-
-
income

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

27 194
48 150
-
-
total
27 194
48 150
-
-
Dividends
3 022
5 350
-
-
withholding
574
1 017
-
-
total
574
1 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
38 757
49 167
25 755
16 792
After tax
14 743
4 333
27 745
36 708
Living cost
12 296
12 296
12 296
12 296
Free-cash
2 447
-7 963
15 449
24 412

Estimated living cost  is ₴12296 per week

₴9024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴717
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.
₴2308
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27029
₴38091
₴23595
₴36052
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
53 500
income
-
-
-
8 263
health insurance
-
-
-
3 959
work injury
-
-
-
268
pensions
-
-
-
9 844
unemployment
-
-
-
642
total
-
-
-
22 976
Employee

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

11 086
-
53 500
-
income
1 109
-
8 263
-
work injury
55
-
205
-
health insurance
820
-
3 035
-
pensions
2 040
-
7 547
-
unemployment
133
-
492
-
total
4 157
-
19 542
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 414
53 500
-
-
income

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

-
535
-
-
total
-
535
-
-
Dividends
42 414
52 965
-
-
withholding
6 362
7 945
-
-
total
6 362
7 945
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 519
8 480
19 542
22 976
After tax
42 981
45 020
33 958
30 524
Living cost
6 929
6 929
6 929
6 929
Free-cash
36 052
38 091
27 029
23 595

Estimated living cost  is ₴6929 per week

₴4292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴503
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1917
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3872
₴7718
₴6318
₴5384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
13 760
national
-
-
-
11 514
regional
-
-
-
1 088
municipal
-
-
-
358
total
-
-
-
26 720
Employee
43 282
-
53 500
-
social contributions
14 594
-
18 040
-
municipal
258
-
319
-
national
7 314
-
9 887
-
regional
653
-
920
-
total
22 819
-
29 166
-
Employer
43 282
-
53 500
-
total
-
-
-
-
Corporate
10 218
53 500
-
-
nationa
2 452
12 840
-
-
municipal
492
2 579
-
-
total
2 944
15 419
-
-
Dividends
7 274
38 081
-
-
withholding
1 891
9 901
-
-
total
1 891
9 901
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 654
25 320
29 166
26 720
After tax
25 846
28 180
24 334
26 780
Living cost
20 462
20 462
20 462
20 462
Free-cash
5 384
7 718
3 872
6 318

Estimated living cost  is ₴20462 per week

₴14373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1407
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4372
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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