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
₴12086
₴22583
₴17772
₴17547
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
11 936
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.

-
-
-
657
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.

-
-
-
3 372
trade
-
-
-
4 811
total
-
-
-
20 776
Employee

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

18 881
-
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.

29
-
657
-
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.

527
-
11 936
-
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.

3 372
-
3 372
-
total
3 928
-
15 965
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 619
53 500
-
-
income
5 193
8 025
-
-
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.

286
441
-
-
chamber of commerce
125
152
-
-
trade
5 452
8 426
-
-
total
11 056
17 044
-
-
Dividends
23 564
36 455
-
-
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.

314
491
-
-
withholding
5 703
8 927
-
-
total
6 017
9 418
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 001
26 462
15 965
20 776
After tax
32 499
27 038
37 535
32 724
Living cost
14 952
14 952
14 952
14 952
Free-cash
17 547
12 086
22 583
17 772

Estimated living cost  is ₴14952 per week

₴9405
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3524
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7169
₴6446
₴6026
₴6733
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
5 595
national
-
-
-
8 669
pensions
-
-
-
6 420
total
-
-
-
21 259
Employee
40 639
-
46 250
-
municipal
5 020
-
5 802
-
pensions
1 626
-
1 850
-
national
7 778
-
8 990
-
total
14 424
-
16 642
-
Employer
40 639
-
46 250
-
pensions
3 251
-
3 700
-
social contributions
437
-
497
-
total
3 688
-
4 197
-
Corporate
6 491
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%.

1 298
10 700
-
-
total
1 298
10 700
-
-
Dividends
5 193
42 800
-
-
withholding
1 142
9 416
-
-
total
1 142
9 416
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 552
20 116
20 839
21 259
After tax
32 948
33 384
32 661
32 241
Living cost
26 215
26 215
26 215
26 215
Free-cash
6 733
7 169
6 446
6 026

Estimated living cost  is ₴26215 per week

₴17818
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴392
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5568
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32530
₴19838
₴18244
₴28479
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
7 786
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.

-
-
-
17 200
microenterprise
-
-
-
-
total
-
-
-
24 986
Employee
14 425
-
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.

1 587
-
4 743
-
income
2 568
-
8 263
-
total
4 155
-
13 006
-
Employer
14 425
-
43 114
-
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.

3 475
-
10 386
-
surtax
-
-
-
-
total
3 475
-
10 386
-
Corporate
35 601
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%.

7 121
10 700
-
-
total
7 121
10 700
-
-
Dividends

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

28 480
42 800
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
14 751
10 700
23 392
24 986
After tax
38 749
42 800
30 108
28 514
Living cost
10 270
10 270
10 270
10 270
Free-cash
28 479
32 530
19 838
18 244

Estimated living cost  is ₴10270 per week

₴6552
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5307
₴6469
₴9726
₴2284
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 223
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
23 094
Employee
42 155
42 155
45 527
-
pensions
7 588
5 784
5 784
-
income

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

6 900
6 900
6 900
-
health
6 470
5 504
5 696
-
total
20 958
18 188
18 380
-
Employer
42 155
42 155
45 527
-
health
2 930
2 930
3 164
-
pensions
2 934
2 934
3 168
-
unemployment
1 518
1 518
1 639
-
total
7 382
7 382
7 971
-
Corporate
4 480
3 963
-
-
income
896
793
-
-
total
896
793
-
-
Dividends
3 584
3 170
-
-
income
762
674
-
-
withholding
538
476
-
-
total
1 300
1 150
-
-
Income
53 500
53 500
53 500
53 500
Total tax
30 536
27 513
26 351
23 094
After tax
22 964
25 987
27 149
30 406
Living cost
20 680
20 680
20 680
20 680
Free-cash
2 284
5 307
6 469
9 726

Estimated living cost  is ₴20680 per week

₴14655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1864
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3831
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8986
₴8345
₴8309
₴8531
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
89
other
-
-
-
5 151
unemployment
-
-
-
44
health
-
-
-
2 766
municipal
-
-
-
12 124
national
-
-
-
-
pensions
-
-
-
4 792
total
-
-
-
24 966
Employee
28 819
-
40 709
-
municipal
8 594
-
12 139
-
national
-
-
-
-
total
8 594
-
12 139
-
Employer
28 819
-
40 709
-
health
1 772
-
2 504
-
pensions
3 115
-
4 401
-
accident
58
-
81
-
unemployment
761
-
1 075
-
other
3 349
-
4 730
-
total
9 055
-
12 791
-
Corporate
15 626
53 500
-
-
income
3 438
11 770
-
-
total
3 438
11 770
-
-
Dividends
12 188
41 730
-
-
withholding
3 657
12 519
-
-
total
3 657
12 519
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 744
24 289
24 930
24 966
After tax
28 756
29 211
28 570
28 534
Living cost
20 225
20 225
20 225
20 225
Free-cash
8 531
8 986
8 345
8 309

Estimated living cost  is ₴20225 per week

₴13404
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4529
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7370
₴18142
₴13117
₴14307
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
11 936
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.

-
-
-
657
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.

-
-
-
3 372
trade
-
-
-
5 025
total
-
-
-
20 990
Employee

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

25 034
-
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.

118
-
657
-
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.

2 151
-
11 936
-
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.

3 372
-
3 372
-
total
5 641
-
15 965
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 466
53 500
-
-
income
4 270
8 025
-
-
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.

235
441
-
-
chamber of commerce
115
151
-
-
trade
4 683
8 801
-
-
total
9 303
17 418
-
-
Dividends
19 163
36 081
-
-
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.

253
486
-
-
withholding
4 603
8 833
-
-
total
4 856
9 319
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 800
26 737
15 965
20 990
After tax
33 700
26 763
37 535
32 510
Living cost
19 393
19 393
19 393
19 393
Free-cash
14 307
7 370
18 142
13 117

Estimated living cost  is ₴19393 per week

₴12970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2045
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4088
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23127
₴21325
₴21629
₴21078
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 509
social contributions
-
-
-
7 987
health
-
-
-
1 364
total
-
-
-
15 860
Employee
37 959
37 959
48 571
-
social contributions
1 845
3 150
4 031
-
income
3 986
3 514
6 379
-
health
378
645
825
-
total
6 209
7 309
11 235
-
Employer
37 959
37 959
48 571
-
health
411
703
898
-
social contributions
1 845
3 150
4 031
-
total
2 256
3 853
4 929
-
Corporate
29 025
11 688
-
-
income
3 628
1 461
-
-
total
3 628
1 461
-
-
Dividends
25 396
10 226
-
-
withholding
4 318
1 739
-
-
total
4 318
1 739
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 411
14 362
16 164
15 860
After tax
37 089
39 138
37 336
37 640
Living cost
16 011
16 011
16 011
16 011
Free-cash
21 078
23 127
21 325
21 629

Estimated living cost  is ₴16011 per week

₴10945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1251
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.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Budapest , Hungary
₴21068
₴21956
₴28004
₴21256
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 540
unemployment
-
-
-
803
health
-
-
-
3 745
pensions
-
-
-
5 350
total
-
-
-
16 438
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.

13 076
5 204
44 770
-
unemployment
196
78
672
-
pensions
1 308
520
4 477
-
income
1 599
636
5 473
-
health
915
364
3 134
-
total
4 018
1 598
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.

13 076
5 204
44 770
-
pensions
2 550
1 015
8 730
-
total
2 550
1 015
8 730
-
Corporate
37 874
47 281
-
-
income
3 409
4 255
-
-
total
3 409
4 255
-
-
Dividends
34 466
43 026
-
-
social contributions
6 661
8 331
-
-
withholding
6 548
8 175
-
-
total
13 209
16 506
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 186
23 374
22 486
16 438
After tax
30 314
30 126
31 014
37 062
Living cost
9 058
9 058
9 058
9 058
Free-cash
21 256
21 068
21 956
28 004

Estimated living cost  is ₴9058 per week

₴6182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴741
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and 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 Budapest model

Close
Tallinn , Estonia
₴30877
₴18915
₴16753
₴27810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 169
health
-
-
-
6 955
pensions
-
-
-
10 700
total
-
-
-
24 824
Employee
14 004
-
39 986
-
unemployment
224
-
640
-
pensions
280
-
800
-
income
1 577
-
7 709
-
total
2 081
-
9 149
-
Employer
14 004
-
39 986
-
health
1 820
-
5 198
-
pensions
2 801
-
7 996
-
unemployment
112
-
319
-
total
4 733
-
13 513
-
Corporate
34 762
53 500
-
-
income
6 953
10 700
-
-
total
6 953
10 700
-
-
Dividends
27 810
42 800
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
13 767
10 700
22 662
24 824
After tax
39 733
42 800
30 838
28 676
Living cost
11 923
11 923
11 923
11 923
Free-cash
27 810
30 877
18 915
16 753

Estimated living cost  is ₴11923 per week

₴8178
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴710
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6662
₴16852
₴25703
₴2647
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
13 322
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
16 802
Employee
17 295
-
46 095
-
pensions
1 947
-
3 813
-
income
2 373
-
9 157
-
health
1 980
-
5 278
-
total
6 300
-
18 248
-
Employer
17 295
-
46 095
-
pensions
2 812
-
5 506
-
accident
289
-
770
-
unemployment
424
-
1 129
-
total
3 525
-
7 405
-
Corporate
32 680
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.

29 412
48 150
-
-
total
29 412
48 150
-
-
Dividends
3 268
5 350
-
-
withholding
621
1 017
-
-
total
621
1 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
39 858
49 167
25 653
16 802
After tax
13 642
4 333
27 847
36 698
Living cost
10 995
10 995
10 995
10 995
Free-cash
2 647
-6 662
16 852
25 703

Estimated living cost  is ₴10995 per week

₴8058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴609
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2098
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46830
₴38805
₴48970
₴46081
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
4 994
-
53 500
-
income
999
-
10 700
-
total
999
-
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%.

48 506
53 500
-
-
total
-
-
-
-
Dividends
48 506
53 500
-
-
withholding
2 425
2 675
-
-
total
2 425
2 675
-
-
Income
53 500
53 500
53 500
53 500
Total tax
3 424
2 675
10 700
535
After tax
50 076
50 825
42 800
52 965
Living cost
3 995
3 995
3 995
3 995
Free-cash
46 081
46 830
38 805
48 970

Estimated living cost  is ₴3995 per week

₴2476
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴332
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26153
₴17970
₴15757
₴22820
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 852
other
-
-
-
2 542
health
-
-
-
2 354
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.

-
-
-
12 841
total
-
-
-
24 589
Employee
17 924
-
42 732
-
unemployment
179
-
427
-
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.

1 254
-
2 991
-
income
3 086
-
7 590
-
health
251
-
599
-
total
4 770
-
11 607
-
Employer
17 924
-
42 732
-
health
251
-
599
-
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.

3 047
-
7 264
-
accident
143
-
342
-
unemployment
179
-
427
-
other
897
-
2 137
-
total
4 517
-
10 769
-
Corporate
31 059
53 500
-
-
income
6 522
11 235
-
-
total
6 522
11 235
-
-
Dividends
24 537
42 265
-
-
withholding
1 717
2 958
-
-
total
1 717
2 958
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 526
14 193
22 376
24 589
After tax
35 974
39 307
31 124
28 911
Living cost
13 154
13 154
13 154
13 154
Free-cash
22 820
26 153
17 970
15 757

Estimated living cost  is ₴13154 per week

₴9294
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴888
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5756
₴314
₴5135
₴530
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 793
pensions
-
-
-
3 756
total
-
-
-
15 549
Employee
46 430
-
47 040
-
pensions
4 479
-
4 553
-
income
8 369
-
8 579
-
health
765
-
778
-
total
13 613
-
13 910
-
Employer
46 430
-
47 040
-
health
882
-
894
-
pensions
5 482
-
5 566
-
total
6 364
-
6 460
-
Corporate
706
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.

134
10 165
-
-
total
134
10 165
-
-
Dividends
572
43 335
-
-
withholding
43
4 763
-
-
total
43
4 763
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 154
14 928
20 370
15 549
After tax
33 346
38 572
33 130
37 951
Living cost
32 816
32 816
32 816
32 816
Free-cash
530
5 756
314
5 135

Estimated living cost  is ₴32816 per week

₴24590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
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.
₴4104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴39262
₴36120
₴34384
₴36967
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 025
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
12 635
Employee
8 582
-
50 112
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
pensions

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

754
-
1 516
-
income
858
-
5 011
-
health
395
-
794
-
total
2 101
-
7 511
-
Employer
8 582
-
50 112
-
health
592
-
1 191
-
pensions

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

946
-
1 903
-
accident

We are using the highest rate at 1.1%.

94
-
190
-
unemployment
51
-
104
-
total
1 683
-
3 388
-
Corporate
43 234
53 500
-
-
income
4 323
5 350
-
-
total
4 323
5 350
-
-
Dividends
38 911
48 150
-
-
withholding
1 945
2 407
-
-
total
1 945
2 407
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 052
7 757
10 899
12 635
After tax
43 448
45 743
42 601
40 865
Living cost
6 481
6 481
6 481
6 481
Free-cash
36 967
39 262
36 120
34 384

Estimated living cost  is ₴6481 per week

₴3784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2063
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1386
-₴224
₴3033
-₴280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 223
health
-
-
-
6 087
pensions
-
-
-
5 784
total
-
-
-
23 094
Employee
45 767
42 155
45 527
-
pensions
5 784
5 784
5 784
-
income

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

6 900
6 900
6 900
-
health
5 710
5 504
5 696
-
total
18 394
18 188
18 380
-
Employer
45 767
42 155
45 527
-
health
3 180
2 930
3 164
-
pensions
3 185
2 934
3 168
-
unemployment
1 648
1 518
1 639
-
total
8 013
7 382
7 971
-
Corporate
-
3 963
-
-
income
-
793
-
-
total
-
793
-
-
Dividends
-
3 170
-
-
income
-
674
-
-
withholding
-
476
-
-
total
-
1 150
-
-
Income
53 500
53 500
53 500
53 500
Total tax
26 407
27 513
26 351
23 094
After tax
27 093
25 987
27 149
30 406
Living cost
27 373
27 373
27 373
27 373
Free-cash
-280
-1 386
-224
3 033

Estimated living cost  is ₴27373 per week

₴20192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2445
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.
₴4423
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24568
₴14883
₴13791
₴20191
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 598
social contributions
-
-
-
15 622
solidarity contribution
-
-
-
-
health
-
-
-
7 222
total
-
-
-
27 442
Employee
18 040
-
39 925
-
solidarity contribution
-
-
-
-
social contributions
1 173
-
2 595
-
income
2 165
-
4 791
-
health
2 435
-
5 390
-
total
5 773
-
12 776
-
Employer
18 040
-
39 925
-
health
1 624
-
3 593
-
social contributions
4 510
-
9 981
-
total
6 134
-
13 574
-
Corporate
29 326
53 500
-
-
income
5 572
10 165
-
-
total
5 572
10 165
-
-
Dividends
23 754
43 335
-
-
withholding
3 563
6 500
-
-
total
3 563
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 042
16 665
26 350
27 442
After tax
32 458
36 835
27 150
26 058
Living cost
12 267
12 267
12 267
12 267
Free-cash
20 191
24 568
14 883
13 791

Estimated living cost  is ₴12267 per week

₴8521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴873
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2632
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7715
₴3795
₴6340
₴5137
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
598
municipal
-
-
-
318
national
-
-
-
11 654
total
-
-
-
26 330
Employee
43 872
-
53 500
-
municipal
232
-
284
-
national
7 602
-
10 027
-
regional
414
-
524
-
social contributions
14 794
-
18 040
-
total
23 042
-
28 875
-
Employer
43 872
-
53 500
-
total
-
-
-
-
Corporate
9 628
53 500
-
-
municipal
376
2 086
-
-
nationa
2 311
12 840
-
-
total
2 687
14 926
-
-
Dividends
6 941
38 574
-
-
withholding
1 804
10 029
-
-
total
1 804
10 029
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 533
24 955
28 875
26 330
After tax
25 967
28 545
24 625
27 170
Living cost
20 830
20 830
20 830
20 830
Free-cash
5 137
7 715
3 795
6 340

Estimated living cost  is ₴20830 per week

₴14520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4624
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22759
₴15167
₴16080
₴21223
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 568
other
-
-
-
-
surtax
-
-
-
1 348
unemployment
-
-
-
112
health
-
-
-
3 799
pensions
-
-
-
10 700
total
-
-
-
26 527
Employee
16 325
-
44 196
-
other
-
-
-
-
unemployment
1 136
-
3 076
-
pensions
1 089
-
2 948
-
surtax
53
-
1 214
-
income
2 736
-
9 772
-
health
417
-
1 127
-
total
5 431
-
18 137
-
Employer
16 325
-
44 196
-
health
743
-
2 011
-
pensions
2 176
-
5 891
-
unemployment
517
-
1 401
-
other
-
-
-
-
total
3 436
-
9 303
-
Corporate
33 739
53 500
-
-
income
8 772
13 910
-
-
total
8 772
13 910
-
-
Dividends
24 967
39 590
-
-
withholding
3 745
5 938
-
-
total
3 745
5 938
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 384
19 848
27 440
26 527
After tax
32 116
33 652
26 060
26 973
Living cost
10 893
10 893
10 893
10 893
Free-cash
21 223
22 759
15 167
16 080

Estimated living cost  is ₴10893 per week

₴6661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1005
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.
₴2976
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16153
₴10711
₴15532
₴13805
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 793
pensions
-
-
-
3 756
total
-
-
-
15 549
Employee
31 116
-
47 040
-
pensions
2 641
-
4 553
-
income
5 604
-
8 579
-
health
452
-
778
-
total
8 697
-
13 910
-
Employer
31 116
-
47 040
-
health
591
-
894
-
pensions
3 368
-
5 566
-
total
3 959
-
6 460
-
Corporate
18 424
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.

3 500
10 165
-
-
total
3 500
10 165
-
-
Dividends
14 924
43 335
-
-
withholding
1 120
4 763
-
-
total
1 120
4 763
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 276
14 928
20 370
15 549
After tax
36 224
38 572
33 130
37 951
Living cost
22 419
22 419
22 419
22 419
Free-cash
13 805
16 153
10 711
15 532

Estimated living cost  is ₴22419 per week

₴16796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1680
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴14677
₴2753
₴5408
₴2069
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 896
health
-
-
-
128
city
-
-
-
564
national
-
-
-
371
pensions
-
-
-
4 922
total
-
-
-
8 951
Employee
45 805
-
47 885
-
unemployment
-
-
-
-
pensions
3 848
-
4 022
-
national
217
-
261
-
regional
1 500
-
1 612
-
city
492
-
515
-
health
104
-
108
-
total
6 161
-
6 518
-
Employer
45 805
-
47 885
-
health
104
-
108
-
pensions
3 848
-
4 022
-
unemployment
-
-
-
-
other

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

916
-
958
-
total
4 868
-
5 088
-
Corporate
2 324
53 500
-
-
regional
492
11 315
-
-
national
197
4 548
-
-
total
689
15 863
-
-
Dividends
1 635
37 637
-
-
withholding
572
13 173
-
-
total
572
13 173
-
-
Income
53 500
53 500
53 500
53 500
Total tax
12 290
29 036
11 606
8 951
After tax
41 210
24 464
41 894
44 549
Living cost
39 141
39 141
39 141
39 141
Free-cash
2 069
-14 677
2 753
5 408

Estimated living cost  is ₴39141 per week

₴25453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3512
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴481
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3875
₴14921
₴9682
₴11878
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
11 936
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.

-
-
-
657
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.

-
-
-
3 372
trade
-
-
-
5 239
total
-
-
-
21 204
Employee

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

29 667
-
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.

192
-
657
-
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.

3 489
-
11 936
-
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.

3 372
-
3 372
-
total
7 053
-
15 965
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
23 833
53 500
-
-
income
3 575
8 025
-
-
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.

197
441
-
-
chamber of commerce
109
150
-
-
trade
4 087
9 175
-
-
total
7 968
17 791
-
-
Dividends
15 865
35 709
-
-
surtax

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

208
481
-
-
withholding
3 779
8 739
-
-
total
3 987
9 220
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 008
27 011
15 965
21 204
After tax
34 492
26 489
37 535
32 296
Living cost
22 614
22 614
22 614
22 614
Free-cash
11 878
3 875
14 921
9 682

Estimated living cost  is ₴22614 per week

₴16517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1809
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3995
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10075
₴16205
₴13802
₴12989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 680
other
-
-
-
1 658
surtax
-
-
-
-
social contributions
-
-
-
1 525
health
-
-
-
1 218
pensions
-
-
-
12 728
total
-
-
-
22 809
Employee
21 127
-
43 217
-
pensions
2 389
-
2 207
-
surtax
-
-
-
-
social contributions
602
-
1 232
-
income
1 247
-
6 687
-
total
4 238
-
10 126
-
Employer
21 127
-
43 217
-
health
1 479
-
3 053
-
pensions
3 471
-
3 857
-
unemployment
855
-
1 750
-
social contributions
64
-
129
-
other
729
-
1 491
-
total
6 598
-
10 280
-
Corporate
25 775
53 500
-
-
income
7 217
14 980
-
-
surtax
-
-
-
-
total
7 217
14 980
-
-
Dividends
18 558
38 520
-
-
surtax
-
-
-
-
social contributions
3 193
6 626
-
-
withholding
2 376
4 930
-
-
total
5 569
11 556
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 622
26 536
20 406
22 809
After tax
29 878
26 964
33 094
30 691
Living cost
16 889
16 889
16 889
16 889
Free-cash
12 989
10 075
16 205
13 802

Estimated living cost  is ₴16889 per week

₴10649
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1373
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.
₴4580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11748
₴17878
₴15475
₴14492
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 680
other
-
-
-
1 658
surtax
-
-
-
-
social contributions
-
-
-
1 525
health
-
-
-
1 218
pensions
-
-
-
12 728
total
-
-
-
22 809
Employee
18 859
-
43 217
-
pensions
2 133
-
2 207
-
surtax
-
-
-
-
social contributions
538
-
1 232
-
income
972
-
6 687
-
total
3 643
-
10 126
-
Employer
18 859
-
43 217
-
health
1 320
-
3 053
-
pensions
3 099
-
3 857
-
unemployment
763
-
1 750
-
social contributions
56
-
129
-
other
651
-
1 491
-
total
5 889
-
10 280
-
Corporate
28 751
53 500
-
-
income
8 051
14 980
-
-
surtax
-
-
-
-
total
8 051
14 980
-
-
Dividends
20 701
38 520
-
-
surtax
-
-
-
-
social contributions
3 560
6 626
-
-
withholding
2 649
4 930
-
-
total
6 209
11 556
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 792
26 536
20 406
22 809
After tax
29 708
26 964
33 094
30 691
Living cost
15 216
15 216
15 216
15 216
Free-cash
14 492
11 748
17 878
15 475

Estimated living cost  is ₴15216 per week

₴8825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22171
₴23770
₴23890
₴22427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 025
social contributions
-
-
-
7 383
health
-
-
-
3 734
total
-
-
-
19 142
Employee
16 738
-
53 500
-
social contributions
2 310
-
7 383
-
income
2 792
-
8 145
-
health
1 168
-
3 734
-
total
6 270
-
19 262
-
Employer
16 738
-
53 500
-
total
-
-
-
-
Corporate
36 762
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%.

1 838
2 675
-
-
total
1 838
2 675
-
-
Dividends
34 924
50 825
-
-
social contributions
4 820
7 014
-
-
withholding
5 239
7 624
-
-
health
2 438
3 548
-
-
total
12 497
18 186
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 605
20 861
19 262
19 142
After tax
32 895
32 639
34 238
34 358
Living cost
10 468
10 468
10 468
10 468
Free-cash
22 427
22 171
23 770
23 890

Estimated living cost  is ₴10468 per week

₴7005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2575
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12527
-₴1695
₴9357
₴11765
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 420
surtax
-
-
-
97
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
214
health
-
-
-
4 093
pensions
-
-
-
9 897
total
-
-
-
26 749
Employee
24 670
19 673
41 469
-
other
246
197
415
-
unemployment
740
590
1 244
-
pensions
2 527
2 014
4 246
-
income
2 808
1 451
8 361
-
health
955
762
1 605
-
total
7 276
5 014
15 871
-
Employer
24 670
19 673
41 469
-
chamber of commerce
98
79
166
-
health
932
744
1 567
-
pensions
3 096
2 469
5 205
-
accident
320
256
539
-
unemployment
740
590
1 244
-
surtax
97
97
97
-
payroll
740
590
1 244
-
other
1 172
934
1 969
-
total
7 195
5 759
12 031
-
Corporate
21 633
28 068
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.

5 408
7 017
9 899
-
total
5 408
7 017
9 899
-
Dividends
16 225
21 051
-
-
withholding
4 462
5 789
-
-
total
4 462
5 789
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 341
23 579
37 801
26 749
After tax
29 159
29 921
15 699
26 751
Living cost
17 394
17 394
17 394
17 394
Free-cash
11 765
12 527
-1 695
9 357

Estimated living cost  is ₴17394 per week

₴11601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1484
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.
₴4024
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11991
₴2609
₴6623
₴4588
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal

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

-
-
-
2 696
social contributions
-
-
-
8 570
national
-
-
-
17 612
total
-
-
-
28 878
Employee

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

35 311
-
41 438
-
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.

307
-
361
-
communal

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

1 842
-
2 161
-
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.

2 648
-
3 108
-
national
10 856
-
13 252
-
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.

1 659
-
1 948
-
total
17 312
-
20 830
-
Employer

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

35 311
-
41 438
-
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.

2 171
-
2 548
-
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.

3 129
-
3 671
-
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.

459
-
539
-
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.

515
-
605
-
surtax
4 004
-
4 699
-
total
10 278
-
12 062
-
Corporate
7 911
53 500
-
-
income
1 582
10 700
-
-
surtax
32
214
-
-
total
1 614
10 914
-
-
Dividends
6 297
42 586
-
-
withholding

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

1 709
12 596
-
-
total
1 709
12 596
-
-
Income
53 500
53 500
53 500
53 500
Total tax
30 913
23 510
32 892
28 878
After tax
22 587
29 990
20 608
24 622
Living cost
17 999
17 999
17 999
17 999
Free-cash
4 588
11 991
2 609
6 623

Estimated living cost  is ₴17999 per week

₴11594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4550
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18210
₴10134
₴11257
₴14277
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
10 689
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
24 415
Employee
24 573
-
40 567
-
other
24
-
40
-
unemployment
381
-
629
-
pensions
1 155
-
1 906
-
income
5 185
-
10 030
-
total
6 745
-
12 605
-
Employer
24 573
-
40 567
-
pensions
5 799
-
9 574
-
accident
486
-
803
-
unemployment
1 352
-
2 231
-
other
196
-
325
-
total
7 833
-
12 933
-
Corporate
21 095
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.

3 164
8 025
-
-
total
3 164
8 025
-
-
Dividends
17 931
45 475
-
-
withholding
3 653
9 437
-
-
total
3 653
9 437
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 395
17 462
25 538
24 415
After tax
32 105
36 038
27 962
29 085
Living cost
17 828
17 828
17 828
17 828
Free-cash
14 277
18 210
10 134
11 257

Estimated living cost  is ₴17828 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1265
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.
₴3178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5771
₴5491
₴3223
₴2208
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
communal
-
-
-
3 381
accident
-
-
-
452
income
-
-
-
5 187
surtax
-
-
-
2 652
health
-
-
-
3 759
pensions
-
-
-
8 019
total
-
-
-
23 450
Employee
37 383
-
47 789
-
pensions
2 990
-
3 823
-
surtax
2 291
-
2 928
-
income
3 611
-
6 593
-
health
1 664
-
2 127
-
total
10 556
-
15 471
-
Employer
37 383
-
47 789
-
health
1 140
-
1 458
-
pensions
2 990
-
3 823
-
accident
336
-
430
-
total
4 466
-
5 711
-
Corporate
11 650
53 500
-
-
communal
-
3 611
-
-
income
1 747
8 025
-
-
surtax
123
562
-
-
total
1 870
12 198
-
-
Dividends
9 780
41 301
-
-
income
6 106
2 509
-
-
withholding
1 467
6 195
-
-
total
7 573
8 704
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 465
20 902
21 182
23 450
After tax
29 035
32 598
32 318
30 050
Living cost
26 827
26 827
26 827
26 827
Free-cash
2 208
5 771
5 491
3 223

Estimated living cost  is ₴26827 per week

₴20124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1625
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4793
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22564
₴14972
₴15885
₴20995
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 568
other
-
-
-
-
surtax
-
-
-
1 348
unemployment
-
-
-
112
health
-
-
-
3 799
pensions
-
-
-
10 700
total
-
-
-
26 527
Employee
16 624
-
44 196
-
other
-
-
-
-
unemployment
1 157
-
3 076
-
pensions
1 109
-
2 948
-
surtax
59
-
1 214
-
income
2 787
-
9 772
-
health
424
-
1 127
-
total
5 536
-
18 137
-
Employer
16 624
-
44 196
-
health
756
-
2 011
-
pensions
2 216
-
5 891
-
unemployment
527
-
1 401
-
other
-
-
-
-
total
3 499
-
9 303
-
Corporate
33 376
53 500
-
-
income
8 677
13 910
-
-
total
8 677
13 910
-
-
Dividends
24 698
39 590
-
-
withholding
3 705
5 938
-
-
total
3 705
5 938
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 417
19 848
27 440
26 527
After tax
32 083
33 652
26 060
26 973
Living cost
11 088
11 088
11 088
11 088
Free-cash
20 995
22 564
14 972
15 885

Estimated living cost  is ₴11088 per week

₴6694
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴964
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 of data for Athens model

Close
Naples , Italy
₴14823
₴11131
₴13663
₴13726
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
807
municipal
-
-
-
318
national
-
-
-
11 654
total
-
-
-
26 539
Employee
27 383
-
53 500
-
municipal
145
-
284
-
national
4 338
-
10 027
-
regional
369
-
720
-
social contributions
9 234
-
18 040
-
total
14 086
-
29 071
-
Employer
27 383
-
53 500
-
total
-
-
-
-
Corporate
26 117
53 500
-
-
municipal
1 298
2 659
-
-
nationa
6 268
12 840
-
-
total
7 566
15 499
-
-
Dividends
18 550
38 002
-
-
withholding
4 824
9 880
-
-
total
4 824
9 880
-
-
Income
53 500
53 500
53 500
53 500
Total tax
26 476
25 379
29 071
26 539
After tax
27 024
28 121
24 429
26 961
Living cost
13 298
13 298
13 298
13 298
Free-cash
13 726
14 823
11 131
13 663

Estimated living cost  is ₴13298 per week

₴8270
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3453
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21719
₴12034
₴10942
₴16325
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 598
social contributions
-
-
-
15 622
solidarity contribution
-
-
-
-
health
-
-
-
7 222
total
-
-
-
27 442
Employee
22 230
-
39 925
-
solidarity contribution
-
-
-
-
social contributions
1 445
-
2 595
-
income
2 668
-
4 791
-
health
3 001
-
5 390
-
total
7 114
-
12 776
-
Employer
22 230
-
39 925
-
health
2 001
-
3 593
-
social contributions
5 558
-
9 981
-
total
7 559
-
13 574
-
Corporate
23 712
53 500
-
-
income
4 505
10 165
-
-
total
4 505
10 165
-
-
Dividends
19 207
43 335
-
-
withholding
2 881
6 500
-
-
total
2 881
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
22 059
16 665
26 350
27 442
After tax
31 441
36 835
27 150
26 058
Living cost
15 116
15 116
15 116
15 116
Free-cash
16 325
21 719
12 034
10 942

Estimated living cost  is ₴15116 per week

₴11242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14224
-₴31
₴11099
₴13982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 420
surtax
-
-
-
-
unemployment
-
-
-
3 028
chamber of commerce
-
-
-
214
health
-
-
-
4 093
pensions
-
-
-
9 897
total
-
-
-
26 652
Employee
21 579
19 673
41 542
-
other
215
197
415
-
unemployment
647
590
1 246
-
pensions
2 210
2 014
4 254
-
income
1 922
1 451
8 386
-
health
835
762
1 608
-
total
5 829
5 014
15 909
-
Employer
21 579
19 673
41 542
-
chamber of commerce
86
79
166
-
health
816
744
1 570
-
pensions
2 708
2 469
5 213
-
accident
280
256
540
-
unemployment
647
590
1 246
-
surtax
-
-
-
-
payroll
647
590
1 246
-
other
1 025
934
1 973
-
total
6 209
5 662
11 954
-
Corporate
25 711
28 165
39 673
-
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.

6 428
7 042
9 919
-
total
6 428
7 042
9 919
-
Dividends
19 283
21 124
-
-
withholding
5 303
5 809
-
-
total
5 303
5 809
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 769
23 527
37 782
26 652
After tax
29 731
29 973
15 718
26 848
Living cost
15 749
15 749
15 749
15 749
Free-cash
13 982
14 224
-31
11 099

Estimated living cost  is ₴15749 per week

₴9448
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.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4412
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44599
₴36574
₴46739
₴43431
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 782
-
53 500
-
income
1 557
-
10 700
-
total
1 557
-
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%.

45 718
53 500
-
-
total
-
-
-
-
Dividends
45 718
53 500
-
-
withholding
2 286
2 675
-
-
total
2 286
2 675
-
-
Income
53 500
53 500
53 500
53 500
Total tax
3 843
2 675
10 700
535
After tax
49 657
50 825
42 800
52 965
Living cost
6 226
6 226
6 226
6 226
Free-cash
43 431
44 599
36 574
46 739

Estimated living cost  is ₴6226 per week

₴4213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴261
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23594
₴12724
₴14256
₴19464
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
10 886
unemployment
-
-
-
81
health
-
-
-
5 265
pensions
-
-
-
9 771
total
-
-
-
26 003
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.

21 829
-
46 292
-
unemployment
31
-
65
-
pensions
3 384
-
7 175
-
income
3 764
-
10 097
-
health
1 410
-
2 990
-
total
8 589
-
20 327
-
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.

21 829
-
46 292
-
health
1 454
-
3 083
-
pensions
1 932
-
4 097
-
unemployment
13
-
28
-
total
3 399
-
7 208
-
Corporate
28 272
53 500
-
-
income
5 372
10 165
-
-
total
5 372
10 165
-
-
Dividends
22 901
43 335
-
-
withholding
3 435
6 500
-
-
total
3 435
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 795
16 665
27 535
26 003
After tax
32 705
36 835
25 965
27 497
Living cost
13 241
13 241
13 241
13 241
Free-cash
19 464
23 594
12 724
14 256

Estimated living cost  is ₴13241 per week

₴9087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10951
₴25317
₴15375
-₴21133
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 428
social contributions
-
-
-
6 099
total
-
-
-
16 527
Employee
30 968
-
-
-
social contributions
2 539
-
362
-
income
6 831
-
-
-
total
9 370
-
362
-
Employer
30 968
-
-
-
social contributions
43 665
-
6 223
-
total
43 665
-
6 223
-
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
53 035
20 951
6 585
16 527
After tax
465
32 549
46 915
36 973
Living cost
21 598
21 598
21 598
21 598
Free-cash
-21 133
10 951
25 317
15 375

Estimated living cost  is ₴21598 per week

₴14014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14947
₴11259
₴14237
₴14451
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
5 187
surtax
-
-
-
-
social contributions

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

-
-
-
18 592
total
-
-
-
23 779
Employee
22 704
-
43 232
-
surtax
-
-
-
-
social contributions
2 497
-
4 755
-
income
4 722
-
11 735
-
total
7 219
-
16 490
-
Employer
22 704
-
43 232
-
social contributions
5 392
-
10 267
-
total
5 392
-
10 267
-
Corporate
25 404
53 500
-
-
income
5 335
11 235
-
-
surtax
-
-
-
-
total
5 335
11 235
-
-
Dividends
20 069
42 265
-
-
withholding
5 619
11 834
-
-
total
5 619
11 834
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 565
23 069
26 757
23 779
After tax
29 935
30 431
26 743
29 721
Living cost
15 484
15 484
15 484
15 484
Free-cash
14 451
14 947
11 259
14 237

Estimated living cost  is ₴15484 per week

₴11585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴913
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3121
₴9251
₴6848
₴6513
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 680
other
-
-
-
1 658
surtax
-
-
-
-
social contributions
-
-
-
1 525
health
-
-
-
1 218
pensions
-
-
-
12 728
total
-
-
-
22 809
Employee
30 918
-
43 217
-
pensions
3 497
-
2 207
-
surtax
-
-
-
-
social contributions
881
-
1 232
-
income
2 698
-
6 687
-
total
7 076
-
10 126
-
Employer
30 918
-
43 217
-
health
2 164
-
3 053
-
pensions
5 080
-
3 857
-
unemployment
1 252
-
1 750
-
social contributions
93
-
129
-
other
1 067
-
1 491
-
total
9 656
-
10 280
-
Corporate
12 926
53 500
-
-
income
3 619
14 980
-
-
surtax
-
-
-
-
total
3 619
14 980
-
-
Dividends
9 307
38 520
-
-
surtax
-
-
-
-
social contributions
1 601
6 626
-
-
withholding
1 192
4 930
-
-
total
2 793
11 556
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 144
26 536
20 406
22 809
After tax
30 356
26 964
33 094
30 691
Living cost
23 842
23 842
23 842
23 842
Free-cash
6 513
3 121
9 251
6 848

Estimated living cost  is ₴23842 per week

₴16136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1950
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴5429
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33311
₴27137
₴25715
₴31653
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 176
social contributions
-
-
-
11 770
total
-
-
-
12 946
Employee
15 870
-
46 320
-
income
-
-
1 333
-
social contributions
1 031
-
3 011
-
total
1 031
-
4 344
-
Employer
15 870
-
46 320
-
social contributions
2 460
-
7 180
-
total
2 460
-
7 180
-
Corporate
35 170
53 500
-
-
income
3 517
5 350
-
-
total
3 517
5 350
-
-
Dividends
31 653
48 150
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
7 008
5 350
11 524
12 946
After tax
46 492
48 150
41 976
40 554
Living cost
14 839
14 839
14 839
14 839
Free-cash
31 653
33 311
27 137
25 715

Estimated living cost  is ₴14839 per week

₴9595
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3846
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴54005
-₴54005
₴9174
-₴54005
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 246
municipal
-
-
-
10 152
national
-
-
-
5 737
pensions
-
-
-
428
total
-
-
-
20 563
Employee
100 298
100 298
100 298
-
municipal
21 358
21 358
21 358
-
labour market
8 012
8 012
8 012
-
pensions
143
143
143
-
national
12 253
12 253
12 253
-
total
41 766
41 766
41 766
-
Employer
100 298
100 298
100 298
-
national
12 275
12 275
12 275
-
labour market
8 024
8 024
8 024
-
pensions
285
285
285
-
municipal
21 392
21 392
21 392
-
total
41 976
41 976
41 976
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
83 742
83 742
83 742
20 563
After tax
-30 242
-30 242
-30 242
32 937
Living cost
23 763
23 763
23 763
23 763
Free-cash
-54 005
-54 005
-54 005
9 174

Estimated living cost  is ₴23763 per week

₴16264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴365
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6499
₴17015
₴25866
₴2671
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
13 322
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
16 802
Employee
17 040
-
46 095
-
pensions
1 919
-
3 813
-
income
2 338
-
9 157
-
health
1 951
-
5 278
-
total
6 208
-
18 248
-
Employer
17 040
-
46 095
-
pensions
2 771
-
5 506
-
accident
285
-
770
-
unemployment
418
-
1 129
-
total
3 474
-
7 405
-
Corporate
32 987
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.

29 688
48 150
-
-
total
29 688
48 150
-
-
Dividends
3 299
5 350
-
-
withholding
627
1 017
-
-
total
627
1 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
39 997
49 167
25 653
16 802
After tax
13 503
4 333
27 847
36 698
Living cost
10 832
10 832
10 832
10 832
Free-cash
2 671
-6 499
17 015
25 866

Estimated living cost  is ₴10832 per week

₴7885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2127
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16304
₴11240
₴18575
₴15657
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
618
municipal
-
-
-
9 519
national
-
-
-
5 836
total
-
-
-
15 973
Employee
25 972
-
45 007
-
municipal
4 254
-
7 345
-
unemployment
390
-
675
-
pensions
1 753
-
3 038
-
national
429
-
3 270
-
health
194
-
487
-
total
7 020
-
14 815
-
Employer
25 972
-
45 007
-
health
200
-
347
-
pensions
4 506
-
7 809
-
accident
26
-
45
-
unemployment
169
-
292
-
total
4 901
-
8 493
-
Corporate
22 628
53 500
-
-
income
4 526
10 700
-
-
total
4 526
10 700
-
-
Dividends

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

13 577
32 100
-
-
municipal
2 444
5 778
-
-
national
-
1 766
-
-
total
2 444
7 544
-
-
Income
53 500
53 500
53 500
53 500
Total tax
18 891
18 244
23 308
15 973
After tax
34 609
35 256
30 192
37 527
Living cost
18 952
18 952
18 952
18 952
Free-cash
15 657
16 304
11 240
18 575

Estimated living cost  is ₴18952 per week

₴12380
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1823
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4449
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴27709
₴25907
₴26211
₴25024
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 509
social contributions
-
-
-
7 987
health
-
-
-
1 364
total
-
-
-
15 860
Employee
37 959
37 959
48 571
-
social contributions
1 435
3 150
4 031
-
income
4 133
3 514
6 379
-
health
294
645
825
-
total
5 862
7 309
11 235
-
Employer
37 959
37 959
48 571
-
health
319
703
898
-
social contributions
1 435
3 150
4 031
-
total
1 754
3 853
4 929
-
Corporate
34 454
11 688
-
-
income
4 306
1 461
-
-
total
4 306
1 461
-
-
Dividends
30 147
10 226
-
-
withholding
5 125
1 739
-
-
total
5 125
1 739
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 047
14 362
16 164
15 860
After tax
36 453
39 138
37 336
37 640
Living cost
11 429
11 429
11 429
11 429
Free-cash
25 024
27 709
25 907
26 211

Estimated living cost  is ₴11429 per week

₴6850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3206
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36466
₴25654
₴35555
₴33955
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
5 167
unemployment
-
-
-
14
health
-
-
-
1 786
pensions
-
-
-
3 140
total
-
-
-
10 107
Employee

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

11 331
-
48 676
-
unemployment
56
-
234
-
pensions
1 699
-
7 026
-
income
775
-
3 943
-
health
963
-
3 981
-
total
3 493
-
15 184
-
Employer

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

11 331
-
48 676
-
health
487
-
2 014
-
pensions
623
-
2 576
-
unemployment
56
-
234
-
total
1 166
-
4 824
-
Corporate
41 003
53 500
-
-
income
3 690
4 815
-
-
total
3 690
4 815
-
-
Dividends
37 313
48 685
-
-
withholding
3 358
4 381
-
-
total
3 358
4 381
-
-
Income
53 500
53 500
53 500
53 500
Total tax
11 707
9 196
20 008
10 107
After tax
41 793
44 304
33 492
43 393
Living cost
7 838
7 838
7 838
7 838
Free-cash
33 955
36 466
25 654
35 555

Estimated living cost  is ₴7838 per week

₴5001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2038
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22463
₴14387
₴15510
₴19874
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
10 689
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
24 415
Employee
18 253
-
40 567
-
other
18
-
40
-
unemployment
283
-
629
-
pensions
858
-
1 906
-
income
3 519
-
10 030
-
total
4 678
-
12 605
-
Employer
18 253
-
40 567
-
pensions
4 307
-
9 574
-
accident
362
-
803
-
unemployment
1 004
-
2 231
-
other
146
-
325
-
total
5 819
-
12 933
-
Corporate
29 428
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.

4 414
8 025
-
-
total
4 414
8 025
-
-
Dividends
25 013
45 475
-
-
withholding
5 140
9 437
-
-
total
5 140
9 437
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 051
17 462
25 538
24 415
After tax
33 449
36 038
27 962
29 085
Living cost
13 575
13 575
13 575
13 575
Free-cash
19 874
22 463
14 387
15 510

Estimated living cost  is ₴13575 per week

₴9163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1305
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2869
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32423
₴33181
₴33250
₴32266
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 080
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
19 289
Employee
1 464
-
52 711
-
unemployment
15
-
35
-
pensions
132
-
316
-
income
283
-
18 043
-
health
73
-
175
-
total
503
-
18 569
-
Employer
1 464
-
52 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
51 706
53 500
-
-
income
11 375
11 770
-
-
total
11 375
11 770
-
-
Dividends
40 331
41 730
-
-
withholding
8 066
8 346
-
-
total
8 066
8 346
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 273
20 116
19 358
19 289
After tax
33 227
33 384
34 142
34 211
Living cost
961
961
961
961
Free-cash
32 266
32 423
33 181
33 250

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
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.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30117
₴20266
₴20267
₴27688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
10 906
unemployment
-
-
-
547
health
-
-
-
3 758
pensions
-
-
-
9 485
total
-
-
-
24 696
Employee

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

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

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

12 873
-
46 970
-
unemployment
97
-
274
-
pensions
1 802
-
5 107
-
income
1 774
-
10 906
-
health
663
-
1 879
-
total
4 336
-
18 166
-
Employer

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

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

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

12 873
-
46 970
-
health
663
-
1 879
-
pensions
1 545
-
4 378
-
unemployment
97
-
274
-
total
2 305
-
6 531
-
Corporate
38 323
53 500
-
-
income
5 748
8 025
-
-
total
5 748
8 025
-
-
Dividends
32 574
45 475
-
-
withholding
4 886
6 821
-
-
total
4 886
6 821
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 275
14 846
24 697
24 696
After tax
36 225
38 654
28 803
28 804
Living cost
8 537
8 537
8 537
8 537
Free-cash
27 688
30 117
20 266
20 267

Estimated living cost  is ₴8537 per week

₴5748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17123
₴13435
₴16413
₴16945
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
5 187
surtax
-
-
-
-
social contributions

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

-
-
-
18 592
total
-
-
-
23 779
Employee
19 160
-
43 232
-
surtax
-
-
-
-
social contributions
2 108
-
4 755
-
income
3 744
-
11 735
-
total
5 852
-
16 490
-
Employer
19 160
-
43 232
-
social contributions
4 550
-
10 267
-
total
4 550
-
10 267
-
Corporate
29 790
53 500
-
-
income
6 256
11 235
-
-
surtax
-
-
-
-
total
6 256
11 235
-
-
Dividends
23 535
42 265
-
-
withholding
6 589
11 834
-
-
total
6 589
11 834
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 247
23 069
26 757
23 779
After tax
30 253
30 431
26 743
29 721
Living cost
13 308
13 308
13 308
13 308
Free-cash
16 945
17 123
13 435
16 413

Estimated living cost  is ₴13308 per week

₴9426
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
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.
₴2722
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18689
₴10613
₴11736
₴14925
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
412
income
-
-
-
10 689
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
24 415
Employee
23 841
-
40 567
-
other
23
-
40
-
unemployment
369
-
629
-
pensions
1 120
-
1 906
-
income
4 979
-
10 030
-
total
6 491
-
12 605
-
Employer
23 841
-
40 567
-
pensions
5 626
-
9 574
-
accident
472
-
803
-
unemployment
1 312
-
2 231
-
other
191
-
325
-
total
7 601
-
12 933
-
Corporate
22 058
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.

3 309
8 025
-
-
total
3 309
8 025
-
-
Dividends
18 749
45 475
-
-
withholding
3 825
9 437
-
-
total
3 825
9 437
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 226
17 462
25 538
24 415
After tax
32 274
36 038
27 962
29 085
Living cost
17 349
17 349
17 349
17 349
Free-cash
14 925
18 689
10 613
11 736

Estimated living cost  is ₴17349 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37239
₴34097
₴32361
₴34225
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 025
unemployment
-
-
-
69
health
-
-
-
1 986
pensions

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

-
-
-
2 555
total
-
-
-
12 635
Employee
11 260
-
50 112
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

989
-
1 516
-
income
1 126
-
5 011
-
health
518
-
794
-
total
2 757
-
7 511
-
Employer
11 260
-
50 112
-
health
777
-
1 191
-
pensions

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

1 241
-
1 903
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 210
-
3 388
-
Corporate
40 031
53 500
-
-
income
4 003
5 350
-
-
total
4 003
5 350
-
-
Dividends
36 028
48 150
-
-
withholding
1 801
2 407
-
-
total
1 801
2 407
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 771
7 757
10 899
12 635
After tax
42 729
45 743
42 601
40 865
Living cost
8 504
8 504
8 504
8 504
Free-cash
34 225
37 239
34 097
32 361

Estimated living cost  is ₴8504 per week

₴5624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2190
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8531
₴18477
₴14093
₴14988
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
11 936
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.

-
-
-
657
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.

-
-
-
3 372
trade
-
-
-
4 384
total
-
-
-
20 349
Employee

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

24 562
-
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.

111
-
657
-
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.

2 020
-
11 936
-
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.

3 372
-
3 372
-
total
5 503
-
15 965
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 938
53 500
-
-
income
4 341
8 025
-
-
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.

239
441
-
-
chamber of commerce
117
154
-
-
trade
4 153
7 677
-
-
total
8 850
16 297
-
-
Dividends
20 088
37 203
-
-
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.

266
501
-
-
withholding
4 835
9 113
-
-
total
5 101
9 614
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 454
25 911
15 965
20 349
After tax
34 046
27 589
37 535
33 151
Living cost
19 058
19 058
19 058
19 058
Free-cash
14 988
8 531
18 477
14 093

Estimated living cost  is ₴19058 per week

₴13147
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2051
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.
₴3584
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9330
₴7294
₴7294
₴10421
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 241
social contributions
-
-
-
4 845
total
-
-
-
18 086
Employee
38 614
-
53 500
-
income
7 286
-
13 241
-
social contributions
3 208
-
4 845
-
total
10 494
-
18 086
-
Employer
38 614
-
53 500
-
total
-
-
-
-
Corporate
14 886
53 500
-
-
income
1 860
6 688
-
-
total
1 860
6 688
-
-
Dividends
13 025
46 812
-
-
withholding
2 605
9 362
-
-
total
2 605
9 362
-
-
Income
53 500
53 500
53 500
53 500
Total tax
14 959
16 050
18 086
18 086
After tax
38 541
37 450
35 414
35 414
Living cost
28 120
28 120
28 120
28 120
Free-cash
10 421
9 330
7 294
7 294

Estimated living cost  is ₴28120 per week

₴21393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2291
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.
₴4167
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14247
₴21435
₴18545
₴15972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 052
health

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

-
-
-
2 983
total
-
-
-
17 035
Employee
22 646
-
51 229
-
income
2 457
-
9 603
-
social contributions
2 269
-
2 271
-
total
4 726
-
11 874
-
Employer
22 646
-
51 229
-
social contributions
2 269
-
2 271
-
total
2 269
-
2 271
-
Corporate
28 585
53 500
-
-
income
10 005
18 725
-
-
total
10 005
18 725
-
-
Dividends
18 581
34 775
-
-
social contributions
2 608
2 608
-
-
total
2 608
2 608
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 608
21 333
14 145
17 035
After tax
33 892
32 167
39 355
36 465
Living cost
17 920
17 920
17 920
17 920
Free-cash
15 972
14 247
21 435
18 545

Estimated living cost  is ₴17920 per week

₴11804
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4428
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20346
₴14904
₴19725
₴19092
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 793
pensions
-
-
-
3 756
total
-
-
-
15 549
Employee
25 018
-
47 040
-
pensions
1 909
-
4 553
-
income
4 556
-
8 579
-
health
326
-
778
-
total
6 791
-
13 910
-
Employer
25 018
-
47 040
-
health
475
-
894
-
pensions
2 528
-
5 566
-
total
3 003
-
6 460
-
Corporate
25 479
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.

4 841
10 165
-
-
total
4 841
10 165
-
-
Dividends
20 638
43 335
-
-
withholding
1 547
4 763
-
-
total
1 547
4 763
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 182
14 928
20 370
15 549
After tax
37 318
38 572
33 130
37 951
Living cost
18 226
18 226
18 226
18 226
Free-cash
19 092
20 346
14 904
19 725

Estimated living cost  is ₴18226 per week

₴12503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7572
₴15942
₴24793
₴2507
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
13 322
other
-
-
-
185
health
-
-
-
1 090
pensions
-
-
-
2 079
total
-
-
-
16 802
Employee
18 727
-
46 095
-
pensions
2 109
-
3 813
-
income
2 569
-
9 157
-
health
2 144
-
5 278
-
total
6 822
-
18 248
-
Employer
18 727
-
46 095
-
pensions
3 045
-
5 506
-
accident
313
-
770
-
unemployment
459
-
1 129
-
total
3 817
-
7 405
-
Corporate
30 957
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.

27 861
48 150
-
-
total
27 861
48 150
-
-
Dividends
3 096
5 350
-
-
withholding
588
1 017
-
-
total
588
1 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
39 088
49 167
25 653
16 802
After tax
14 412
4 333
27 847
36 698
Living cost
11 905
11 905
11 905
11 905
Free-cash
2 507
-7 572
15 942
24 793

Estimated living cost  is ₴11905 per week

₴8737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴694
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴38350
₴27657
₴23803
₴36404
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 315
unemployment
-
-
-
642
work injury
-
-
-
267
health insurance
-
-
-
3 959
pensions
-
-
-
9 844
total
-
-
-
23 027
Employee

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

10 671
-
53 500
-
health insurance
790
-
2 922
-
unemployment
128
-
474
-
work injury
53
-
197
-
pensions
1 964
-
7 265
-
income
1 067
-
8 315
-
total
4 002
-
19 173
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 829
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
42 829
52 965
-
-
withholding
6 424
7 945
-
-
total
6 424
7 945
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 426
8 480
19 173
23 027
After tax
43 074
45 020
34 327
30 473
Living cost
6 670
6 670
6 670
6 670
Free-cash
36 404
38 350
27 657
23 803

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
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.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8514
₴4510
₴6955
₴6269
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 107
municipal
-
-
-
358
national
-
-
-
11 654
total
-
-
-
26 879
Employee
41 598
-
53 500
-
municipal
248
-
319
-
national
7 030
-
10 027
-
regional
628
-
938
-
social contributions
14 027
-
18 040
-
total
21 933
-
29 324
-
Employer
41 598
-
53 500
-
total
-
-
-
-
Corporate
11 902
53 500
-
-
municipal
573
2 579
-
-
nationa
2 856
12 840
-
-
total
3 429
15 419
-
-
Dividends
8 473
38 081
-
-
withholding
2 203
9 901
-
-
total
2 203
9 901
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 565
25 320
29 324
26 879
After tax
25 935
28 180
24 176
26 621
Living cost
19 666
19 666
19 666
19 666
Free-cash
6 269
8 514
4 510
6 955

Estimated living cost  is ₴19666 per week

₴13814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1353
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.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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