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
₴11392
₴17106
₴17560
₴22201
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 641
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.

-
-
-
11 481
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.

-
-
-
3 531
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.

-
-
-
632
total
-
-
-
20 285
Employee

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

19 768
-
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.

552
-
11 481
-
surtax

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

30
-
632
-
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.

3 531
-
3 531
-
total
4 113
-
15 644
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
33 732
53 500
-
-
income
5 060
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.

279
441
-
-
trade
5 313
8 426
-
-
chamber of commerce
127
155
-
-
total
10 779
17 047
-
-
Dividends
22 954
36 453
-
-
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.

305
490
-
-
withholding
5 542
8 916
-
-
total
5 847
9 406
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 739
26 453
15 644
20 285
After tax
32 761
27 047
37 856
33 215
Living cost
15 655
15 655
15 655
15 655
Free-cash
17 106
11 392
22 201
17 560

Estimated living cost  is ₴15655 per week

₴9847
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1825
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3690
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴4776
₴4300
₴3783
₴4203
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
5 536
national
-
-
-
8 578
pensions
-
-
-
6 420
social contributions
-
-
-
575
total
-
-
-
21 109
Employee
44 348
-
46 250
-
national
8 488
-
8 899
-
pensions
1 774
-
1 850
-
municipal
5 478
-
5 743
-
total
15 740
-
16 492
-
Employer
44 348
-
46 250
-
social contributions
477
-
497
-
pensions
3 548
-
3 700
-
total
4 025
-
4 197
-
Corporate
2 201
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%.

440
10 700
-
-
total
440
10 700
-
-
Dividends
1 761
42 800
-
-
withholding
387
9 416
-
-
total
387
9 416
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 592
20 116
20 689
21 109
After tax
32 908
33 384
32 811
32 391
Living cost
28 608
28 608
28 608
28 608
Free-cash
4 300
4 776
4 203
3 783

Estimated living cost  is ₴28608 per week

₴19445
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2659
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴428
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴6076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32048
₴27809
₴17788
₴19383
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
microenterprise
-
-
-
-
income
-
-
-
7 760
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
total
-
-
-
24 960
Employee
15 102
-
43 113
-
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.

1 661
-
4 742
-
income
2 688
-
8 237
-
surtax
-
-
-
-
total
4 349
-
12 979
-
Employer
15 102
-
43 113
-
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.

3 638
-
10 386
-
surtax
-
-
-
-
total
3 638
-
10 386
-
Corporate
34 760
53 500
-
-
income

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

6 952
10 700
-
-
total
6 952
10 700
-
-
Dividends

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

27 808
42 800
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
14 939
10 700
23 365
24 960
After tax
38 561
42 800
30 135
28 540
Living cost
10 752
10 752
10 752
10 752
Free-cash
27 809
32 048
19 383
17 788

Estimated living cost  is ₴10752 per week

₴6860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1024
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4277
₴1112
₴8707
₴4756
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 791
health
-
-
-
6 296
pensions
-
-
-
6 055
total
-
-
-
23 142
Employee
44 136
44 136
45 528
-
pensions
7 944
6 055
6 055
-
income

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

7 224
7 224
7 224
-
health
6 774
5 762
5 842
-
total
21 942
19 041
19 121
-
Employer
44 136
44 136
45 528
-
health
3 068
3 068
3 164
-
pensions
3 072
3 072
3 169
-
unemployment
1 589
1 589
1 639
-
total
7 729
7 729
7 972
-
Corporate
2 177
1 635
-
-
income
435
327
-
-
total
435
327
-
-
Dividends
1 741
1 309
-
-
income
370
279
-
-
withholding
261
196
-
-
total
631
475
-
-
Income
53 500
53 500
53 500
53 500
Total tax
30 737
27 572
27 093
23 142
After tax
22 763
25 928
26 407
30 358
Living cost
21 651
21 651
21 651
21 651
Free-cash
1 112
4 277
4 756
8 707

Estimated living cost  is ₴21651 per week

₴15344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴344
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4011
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8646
₴8184
₴7819
₴8005
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
12 060
national
-
-
-
-
unemployment
-
-
-
45
accident
-
-
-
90
health
-
-
-
2 812
pensions
-
-
-
4 872
other
-
-
-
5 237
total
-
-
-
25 116
Employee
29 304
-
40 709
-
national
-
-
-
-
municipal
8 738
-
12 139
-
total
8 738
-
12 139
-
Employer
29 304
-
40 709
-
health
1 802
-
2 504
-
pensions
3 168
-
4 401
-
accident
59
-
81
-
other
3 405
-
4 730
-
unemployment
774
-
1 075
-
total
9 208
-
12 791
-
Corporate
14 989
53 500
-
-
income
3 298
11 770
-
-
total
3 298
11 770
-
-
Dividends
11 692
41 730
-
-
withholding
3 507
12 519
-
-
total
3 507
12 519
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 751
24 289
24 930
25 116
After tax
28 749
29 211
28 570
28 384
Living cost
20 565
20 565
20 565
20 565
Free-cash
8 184
8 646
8 005
7 819

Estimated living cost  is ₴20565 per week

₴13630
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2018
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6466
₴13726
₴12704
₴17552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 848
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.

-
-
-
11 481
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.

-
-
-
3 531
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.

-
-
-
632
total
-
-
-
20 492
Employee

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

26 210
-
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.

2 252
-
11 481
-
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.

124
-
632
-
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.

3 531
-
3 531
-
total
5 907
-
15 644
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 290
53 500
-
-
income
4 094
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.

226
441
-
-
trade
4 489
8 801
-
-
chamber of commerce
118
155
-
-
total
8 927
17 422
-
-
Dividends
18 364
36 078
-
-
surtax

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

241
485
-
-
withholding
4 395
8 823
-
-
total
4 636
9 308
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 470
26 730
15 644
20 492
After tax
34 030
26 770
37 856
33 008
Living cost
20 304
20 304
20 304
20 304
Free-cash
13 726
6 466
17 552
12 704

Estimated living cost  is ₴20304 per week

₴13579
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2141
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴303
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4280
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22387
₴20244
₴20941
₴20888
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 085
health
-
-
-
1 364
social contributions
-
-
-
8 346
total
-
-
-
15 795
Employee
39 742
39 742
48 571
-
social contributions
1 931
3 298
4 031
-
income
4 173
3 679
6 062
-
health
395
676
826
-
total
6 499
7 653
10 919
-
Employer
39 742
39 742
48 571
-
social contributions
1 931
3 298
4 031
-
health
431
736
898
-
total
2 362
4 034
4 929
-
Corporate
27 875
9 724
-
-
income
3 485
1 215
-
-
total
3 485
1 215
-
-
Dividends
24 390
8 508
-
-
withholding
4 146
1 447
-
-
total
4 146
1 447
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 492
14 349
15 848
15 795
After tax
37 008
39 151
37 652
37 705
Living cost
16 764
16 764
16 764
16 764
Free-cash
20 244
22 387
20 888
20 941

Estimated living cost  is ₴16764 per week

₴11460
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1309
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.
₴3713
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20028
₴20239
₴26944
₴20895
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
802
income
-
-
-
6 540
health
-
-
-
3 745
pensions
-
-
-
5 350
total
-
-
-
16 437
Employee

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

The minimum wage is 138,000 HUF per month.

14 607
5 813
44 770
-
pensions
1 461
581
4 477
-
unemployment
219
87
672
-
income
1 786
711
5 473
-
health
1 022
407
3 134
-
total
4 488
1 786
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.

14 607
5 813
44 770
-
pensions
2 848
1 134
8 730
-
total
2 848
1 134
8 730
-
Corporate
36 045
46 553
-
-
income
3 244
4 190
-
-
total
3 244
4 190
-
-
Dividends
32 801
42 363
-
-
social contributions
6 330
8 194
-
-
withholding
6 232
8 049
-
-
total
12 562
16 243
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 142
23 353
22 486
16 437
After tax
30 358
30 147
31 014
37 063
Living cost
10 119
10 119
10 119
10 119
Free-cash
20 239
20 028
20 895
26 944

Estimated living cost  is ₴10119 per week

₴6905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴828
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2184
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30316
₴27105
₴16192
₴18354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 662
-
39 985
-
pensions
293
-
799
-
unemployment
234
-
639
-
income
1 651
-
7 709
-
total
2 178
-
9 147
-
Employer
14 662
-
39 985
-
health
1 906
-
5 198
-
pensions
2 933
-
7 997
-
unemployment
118
-
320
-
total
4 957
-
13 515
-
Corporate
33 882
53 500
-
-
income
6 776
10 700
-
-
total
6 776
10 700
-
-
Dividends
27 106
42 800
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
13 911
10 700
22 662
24 824
After tax
39 589
42 800
30 838
28 676
Living cost
12 484
12 484
12 484
12 484
Free-cash
27 105
30 316
18 354
16 192

Estimated living cost  is ₴12484 per week

₴8562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
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.
₴2927
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6862
₴2617
₴25508
₴16596
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
13 253
health
-
-
-
1 110
pensions
-
-
-
2 117
other
-
-
-
189
total
-
-
-
16 797
Employee
17 611
-
45 998
-
pensions
1 983
-
3 882
-
income
2 416
-
9 059
-
health
2 016
-
5 267
-
total
6 415
-
18 208
-
Employer
17 611
-
45 998
-
pensions
2 864
-
5 606
-
accident
294
-
768
-
unemployment
431
-
1 127
-
total
3 589
-
7 501
-
Corporate
32 300
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.

29 070
48 150
-
-
total
29 070
48 150
-
-
Dividends
3 230
5 350
-
-
withholding
614
1 017
-
-
total
614
1 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
39 688
49 167
25 709
16 797
After tax
13 812
4 333
27 791
36 703
Living cost
11 195
11 195
11 195
11 195
Free-cash
2 617
-6 862
16 596
25 508

Estimated living cost  is ₴11195 per week

₴8205
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴620
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.
₴2136
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46343
₴45503
₴48483
₴38318
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
microenterprise

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

-
-
-
535
total
-
-
-
535
Employee
5 603
-
53 500
-
income
1 120
-
10 700
-
total
1 120
-
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%.

47 897
53 500
-
-
total
-
-
-
-
Dividends
47 897
53 500
-
-
withholding
2 395
2 675
-
-
total
2 395
2 675
-
-
Income
53 500
53 500
53 500
53 500
Total tax
3 515
2 675
10 700
535
After tax
49 985
50 825
42 800
52 965
Living cost
4 482
4 482
4 482
4 482
Free-cash
45 503
46 343
38 318
48 483

Estimated living cost  is ₴4482 per week

₴2778
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴373
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴123
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25535
₴22043
₴15197
₴17452
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 795
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
other
-
-
-
2 541
total
-
-
-
24 531
Employee
18 766
-
42 730
-
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.

1 313
-
2 991
-
unemployment
187
-
428
-
income
3 231
-
7 491
-
health
263
-
598
-
total
4 994
-
11 508
-
Employer
18 766
-
42 730
-
health
263
-
598
-
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.

3 191
-
7 264
-
accident
150
-
342
-
other
939
-
2 136
-
unemployment
187
-
428
-
total
4 730
-
10 768
-
Corporate
30 005
53 500
-
-
income
6 301
11 235
-
-
total
6 301
11 235
-
-
Dividends
23 704
42 265
-
-
withholding
1 660
2 958
-
-
total
1 660
2 958
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 685
14 193
22 276
24 531
After tax
35 815
39 307
31 224
28 969
Living cost
13 772
13 772
13 772
13 772
Free-cash
22 043
25 535
17 452
15 197

Estimated living cost  is ₴13772 per week

₴9730
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴222
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2889
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4460
-₴2203
₴3684
-₴1170
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 287
pensions
-
-
-
3 904
total
-
-
-
15 191
Employee
48 989
-
47 084
-
pensions
4 726
-
4 498
-
income
8 831
-
8 363
-
health
807
-
768
-
total
14 364
-
13 629
-
Employer
48 989
-
47 084
-
health
930
-
895
-
pensions
5 784
-
5 521
-
total
6 714
-
6 416
-
Corporate
-
53 500
-
-
income

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

-
10 165
-
-
total
-
10 165
-
-
Dividends
-
43 335
-
-
withholding
-
4 250
-
-
total
-
4 250
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 078
14 415
20 045
15 191
After tax
32 422
39 085
33 455
38 309
Living cost
34 625
34 625
34 625
34 625
Free-cash
-2 203
4 460
-1 170
3 684

Estimated living cost  is ₴34625 per week

₴25945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4068
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.
₴4330
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴38827
₴36377
₴33642
₴35313
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
74
income
-
-
-
8 025
health
-
-
-
2 118
pensions

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

-
-
-
2 726
total
-
-
-
12 943
Employee
9 156
-
49 886
-
pensions

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

804
-
1 618
-
income
915
-
4 989
-
health
421
-
847
-
accident

We are using the highest rate at 1.1%.

101
-
203
-
total
2 241
-
7 657
-
Employer
9 156
-
49 886
-
health
632
-
1 271
-
pensions

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

1 009
-
2 030
-
accident

We are using the highest rate at 1.1%.

101
-
203
-
unemployment
55
-
111
-
total
1 797
-
3 615
-
Corporate
42 547
53 500
-
-
income
4 255
5 350
-
-
total
4 255
5 350
-
-
Dividends
38 293
48 150
-
-
withholding
1 915
2 408
-
-
total
1 915
2 408
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 208
7 758
11 272
12 943
After tax
43 292
45 742
42 228
40 557
Living cost
6 915
6 915
6 915
6 915
Free-cash
36 377
38 827
35 313
33 642

Estimated living cost  is ₴6915 per week

₴4037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴183
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Amsterdam , Netherlands
-₴2731
-₴2806
₴1699
-₴2252
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 791
health
-
-
-
6 296
pensions
-
-
-
6 055
total
-
-
-
23 142
Employee
47 917
44 136
45 528
-
pensions
6 055
6 055
6 055
-
income

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

7 224
7 224
7 224
-
health
5 978
5 762
5 842
-
total
19 257
19 041
19 121
-
Employer
47 917
44 136
45 528
-
health
3 330
3 068
3 164
-
pensions
3 335
3 072
3 169
-
unemployment
1 725
1 589
1 639
-
total
8 390
7 729
7 972
-
Corporate
-
1 635
-
-
income
-
327
-
-
total
-
327
-
-
Dividends
-
1 309
-
-
income
-
279
-
-
withholding
-
196
-
-
total
-
475
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 647
27 572
27 093
23 142
After tax
25 853
25 928
26 407
30 358
Living cost
28 659
28 659
28 659
28 659
Free-cash
-2 806
-2 731
-2 252
1 699

Estimated living cost  is ₴28659 per week

₴21141
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2560
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.
₴4630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24015
₴19442
₴13238
₴14330
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
income
-
-
-
4 598
health
-
-
-
7 222
social contributions
-
-
-
15 622
total
-
-
-
27 442
Employee
18 853
-
39 925
-
social contributions
1 225
-
2 595
-
income
2 262
-
4 791
-
solidarity contribution
-
-
-
-
health
2 545
-
5 390
-
total
6 032
-
12 776
-
Employer
18 853
-
39 925
-
social contributions
4 713
-
9 981
-
health
1 697
-
3 593
-
total
6 410
-
13 574
-
Corporate
28 237
53 500
-
-
income
5 365
10 165
-
-
total
5 365
10 165
-
-
Dividends
22 872
43 335
-
-
withholding
3 431
6 500
-
-
total
3 431
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 238
16 665
26 350
27 442
After tax
32 262
36 835
27 150
26 058
Living cost
12 820
12 820
12 820
12 820
Free-cash
19 442
24 015
14 330
13 238

Estimated living cost  is ₴12820 per week

₴8905
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2751
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6735
₴4038
₴5527
₴2982
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
318
national
-
-
-
11 492
regional
-
-
-
593
social contributions
-
-
-
13 761
total
-
-
-
26 164
Employee
45 933
-
53 500
-
national
7 959
-
9 866
-
social contributions
15 489
-
18 040
-
municipal
243
-
283
-
regional
433
-
520
-
total
24 124
-
28 709
-
Employer
45 933
-
53 500
-
total
-
-
-
-
Corporate
7 567
53 500
-
-
municipal
295
2 086
-
-
nationa
1 816
12 840
-
-
total
2 111
14 926
-
-
Dividends
5 455
38 574
-
-
withholding
1 418
10 030
-
-
total
1 418
10 030
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 653
24 956
28 709
26 164
After tax
25 847
28 544
24 791
27 336
Living cost
21 809
21 809
21 809
21 809
Free-cash
4 038
6 735
2 982
5 527

Estimated living cost  is ₴21809 per week

₴15202
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1430
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22246
₴20638
₴15932
₴14894
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
118
income
-
-
-
10 268
health
-
-
-
3 799
surtax
-
-
-
1 278
pensions
-
-
-
10 700
other
-
-
-
-
total
-
-
-
26 163
Employee
17 092
-
44 196
-
pensions
1 140
-
2 948
-
unemployment
1 190
-
3 076
-
income
2 865
-
9 587
-
other
-
-
-
-
surtax
56
-
1 158
-
health
436
-
1 127
-
total
5 687
-
17 896
-
Employer
17 092
-
44 196
-
health
778
-
2 012
-
pensions
2 278
-
5 892
-
other
-
-
-
-
unemployment
541
-
1 401
-
total
3 597
-
9 305
-
Corporate
32 811
53 500
-
-
income
8 531
13 910
-
-
total
8 531
13 910
-
-
Dividends
24 280
39 590
-
-
withholding
3 642
5 939
-
-
total
3 642
5 939
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 457
19 849
27 201
26 163
After tax
32 043
33 651
26 299
27 337
Living cost
11 405
11 405
11 405
11 405
Free-cash
20 638
22 246
14 894
15 932

Estimated living cost  is ₴11405 per week

₴6973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1052
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3116
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15430
₴12355
₴14654
₴9800
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 287
pensions
-
-
-
3 904
total
-
-
-
15 191
Employee
32 831
-
47 084
-
pensions
2 787
-
4 498
-
income
5 913
-
8 363
-
health
477
-
768
-
total
9 177
-
13 629
-
Employer
32 831
-
47 084
-
health
624
-
895
-
pensions
3 554
-
5 521
-
total
4 178
-
6 416
-
Corporate
16 491
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.

3 133
10 165
-
-
total
3 133
10 165
-
-
Dividends
13 358
43 335
-
-
withholding
1 002
4 250
-
-
total
1 002
4 250
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 490
14 415
20 045
15 191
After tax
36 010
39 085
33 455
38 309
Living cost
23 655
23 655
23 655
23 655
Free-cash
12 355
15 430
9 800
14 654

Estimated living cost  is ₴23655 per week

₴17722
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1773
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.
₴3912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴15964
₴1333
₴4192
₴1530
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
564
national
-
-
-
343
regional
-
-
-
1 849
health
-
-
-
132
pensions
-
-
-
4 922
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.

-
-
-
1 071
total
-
-
-
8 881
Employee
47 310
-
47 886
-
national
224
-
232
-
city
508
-
514
-
pensions
3 975
-
4 022
-
unemployment
-
-
-
-
health
107
-
108
-
regional
1 549
-
1 580
-
total
6 363
-
6 456
-
Employer
47 310
-
47 886
-
health
107
-
108
-
pensions
3 975
-
4 022
-
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.

946
-
957
-
unemployment
-
-
-
-
total
5 028
-
5 087
-
Corporate
642
53 500
-
-
national
55
4 548
-
-
regional
136
11 316
-
-
total
191
15 864
-
-
Dividends
451
37 636
-
-
withholding
158
13 173
-
-
total
158
13 173
-
-
Income
53 500
53 500
53 500
53 500
Total tax
11 740
29 037
11 543
8 881
After tax
41 760
24 463
41 957
44 619
Living cost
40 427
40 427
40 427
40 427
Free-cash
1 333
-15 964
1 530
4 192

Estimated living cost  is ₴40427 per week

₴26289
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3628
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴496
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10014
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2817
₴11199
₴9125
₴14179
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
5 054
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.

-
-
-
11 481
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.

-
-
-
3 531
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.

-
-
-
632
total
-
-
-
20 698
Employee

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

31 061
-
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.

3 652
-
11 481
-
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.

201
-
632
-
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.

3 531
-
3 531
-
total
7 384
-
15 644
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
22 439
53 500
-
-
income
3 366
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.

185
441
-
-
trade
3 849
9 175
-
-
chamber of commerce
110
154
-
-
total
7 510
17 795
-
-
Dividends
14 929
35 704
-
-
surtax

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

194
481
-
-
withholding
3 536
8 730
-
-
total
3 730
9 211
-
-
Income
53 500
53 500
53 500
53 500
Total tax
18 624
27 006
15 644
20 698
After tax
34 876
26 494
37 856
32 802
Living cost
23 677
23 677
23 677
23 677
Free-cash
11 199
2 817
14 179
9 125

Estimated living cost  is ₴23677 per week

₴17292
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1894
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9282
₴12333
₴13072
₴15814
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 352
health
-
-
-
1 091
surtax
-
-
-
-
pensions
-
-
-
13 117
other
-
-
-
1 661
social contributions
-
-
-
1 524
total
-
-
-
22 745
Employee
22 120
-
43 357
-
pensions
2 501
-
2 119
-
social contributions
631
-
1 235
-
income
1 305
-
6 505
-
surtax
-
-
-
-
total
4 437
-
9 859
-
Employer
22 120
-
43 357
-
social contributions
67
-
130
-
health
1 549
-
3 035
-
pensions
3 634
-
3 727
-
other
763
-
1 496
-
unemployment
895
-
1 756
-
total
6 908
-
10 144
-
Corporate
24 472
53 500
-
-
income
6 852
14 980
-
-
surtax
-
-
-
-
total
6 852
14 980
-
-
Dividends
17 621
38 520
-
-
social contributions
3 031
6 625
-
-
surtax
-
-
-
-
withholding
2 256
4 930
-
-
total
5 287
11 555
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 484
26 535
20 003
22 745
After tax
30 016
26 965
33 497
30 755
Living cost
17 683
17 683
17 683
17 683
Free-cash
12 333
9 282
15 814
13 072

Estimated living cost  is ₴17683 per week

₴11150
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1438
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11034
₴13906
₴14824
₴17566
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 352
health
-
-
-
1 091
surtax
-
-
-
-
pensions
-
-
-
13 117
other
-
-
-
1 661
social contributions
-
-
-
1 524
total
-
-
-
22 745
Employee
19 745
-
43 357
-
pensions
2 233
-
2 119
-
social contributions
563
-
1 235
-
income
1 018
-
6 505
-
surtax
-
-
-
-
total
3 814
-
9 859
-
Employer
19 745
-
43 357
-
social contributions
59
-
130
-
health
1 382
-
3 035
-
pensions
3 244
-
3 727
-
other
682
-
1 496
-
unemployment
799
-
1 756
-
total
6 166
-
10 144
-
Corporate
27 589
53 500
-
-
income
7 725
14 980
-
-
surtax
-
-
-
-
total
7 725
14 980
-
-
Dividends
19 864
38 520
-
-
social contributions
3 416
6 625
-
-
surtax
-
-
-
-
withholding
2 542
4 930
-
-
total
5 958
11 555
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 663
26 535
20 003
22 745
After tax
29 837
26 965
33 497
30 755
Living cost
15 931
15 931
15 931
15 931
Free-cash
13 906
11 034
17 566
14 824

Estimated living cost  is ₴15931 per week

₴9239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1618
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.
₴4772
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21680
₴21948
₴23399
₴23398
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health
-
-
-
3 734
social contributions
-
-
-
7 383
total
-
-
-
19 142
Employee
17 524
-
53 500
-
social contributions
2 419
-
7 383
-
income
2 923
-
8 026
-
health
1 223
-
3 734
-
total
6 565
-
19 143
-
Employer
17 524
-
53 500
-
total
-
-
-
-
Corporate
35 976
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%.

1 799
2 675
-
-
total
1 799
2 675
-
-
Dividends
34 177
50 825
-
-
social contributions
4 717
7 014
-
-
health
2 385
3 548
-
-
withholding
5 127
7 624
-
-
total
12 229
18 186
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 593
20 861
19 143
19 142
After tax
32 907
32 639
34 357
34 358
Living cost
10 959
10 959
10 959
10 959
Free-cash
21 948
21 680
23 398
23 399

Estimated living cost  is ₴10959 per week

₴7334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2696
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11750
₴10950
₴8729
-₴2215
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3 170
income
-
-
-
9 084
chamber of commerce
-
-
-
214
health
-
-
-
4 093
surtax
-
-
-
102
pensions
-
-
-
9 897
total
-
-
-
26 560
Employee
25 829
20 597
41 465
-
pensions
2 645
2 109
4 246
-
unemployment
775
618
1 244
-
income
2 940
1 519
8 083
-
other
258
206
415
-
health
999
797
1 605
-
total
7 617
5 249
15 593
-
Employer
25 829
20 597
41 465
-
chamber of commerce
103
82
166
-
health
976
779
1 567
-
payroll
775
618
1 244
-
pensions
3 242
2 585
5 204
-
surtax
102
102
102
-
accident
335
268
539
-
other
1 227
978
1 969
-
unemployment
775
618
1 244
-
total
7 535
6 030
12 035
-
Corporate
20 136
26 873
39 503
-
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.

5 034
6 718
9 876
-
total
5 034
6 718
9 876
-
Dividends
15 102
20 155
-
-
withholding
4 153
5 542
-
-
total
4 153
5 542
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 339
23 539
37 504
26 560
After tax
29 161
29 961
15 996
26 940
Living cost
18 211
18 211
18 211
18 211
Free-cash
10 950
11 750
-2 215
8 729

Estimated living cost  is ₴18211 per week

₴12146
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4213
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11153
₴3401
₴6062
₴1905
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
national
-
-
-
17 446
communal

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

-
-
-
2 703
social contributions
-
-
-
8 444
total
-
-
-
28 593
Employee

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

36 970
-
41 435
-
national
11 366
-
13 113
-
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.

2 773
-
3 107
-
communal

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

1 928
-
2 161
-
unemployment

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

322
-
361
-
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.

1 737
-
1 948
-
total
18 126
-
20 690
-
Employer

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

36 970
-
41 435
-
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.

2 273
-
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.

3 276
-
3 671
-
surtax
4 192
-
4 698
-
accident

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

481
-
538
-
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.

539
-
605
-
total
10 761
-
12 060
-
Corporate
5 769
53 500
-
-
income
1 153
10 700
-
-
surtax
24
214
-
-
total
1 177
10 914
-
-
Dividends
4 592
42 587
-
-
withholding

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

1 190
12 588
-
-
total
1 190
12 588
-
-
Income
53 500
53 500
53 500
53 500
Total tax
31 254
23 502
32 750
28 593
After tax
22 246
29 998
20 750
24 907
Living cost
18 845
18 845
18 845
18 845
Free-cash
3 401
11 153
1 905
6 062

Estimated living cost  is ₴18845 per week

₴12138
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4764
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17378
₴13261
₴10201
₴9485
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
335
accident
-
-
-
432
income
-
-
-
10 262
pensions
-
-
-
13 557
other
-
-
-
48
total
-
-
-
24 634
Employee
25 727
-
40 567
-
pensions
1 209
-
1 907
-
unemployment
399
-
629
-
income
5 428
-
9 841
-
other
26
-
40
-
total
7 062
-
12 417
-
Employer
25 727
-
40 567
-
pensions
6 071
-
9 574
-
accident
509
-
803
-
other
205
-
325
-
unemployment
1 415
-
2 231
-
total
8 200
-
12 933
-
Corporate
19 573
53 500
-
-
income

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

2 936
8 025
-
-
total
2 936
8 025
-
-
Dividends
16 637
45 475
-
-
withholding
3 376
9 432
-
-
total
3 376
9 432
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 574
17 457
25 350
24 634
After tax
31 926
36 043
28 150
28 866
Living cost
18 665
18 665
18 665
18 665
Free-cash
13 261
17 378
9 485
10 201

Estimated living cost  is ₴18665 per week

₴13745
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1324
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.
₴3327
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4597
₴990
₴2298
₴4643
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
451
income
-
-
-
4 853
communal
-
-
-
3 381
health
-
-
-
3 759
surtax
-
-
-
2 652
pensions
-
-
-
8 019
total
-
-
-
23 115
Employee
39 140
-
47 789
-
pensions
3 131
-
3 823
-
income
3 781
-
6 181
-
surtax
2 399
-
2 929
-
health
1 742
-
2 126
-
total
11 053
-
15 059
-
Employer
39 140
-
47 789
-
health
1 194
-
1 457
-
pensions
3 131
-
3 823
-
accident
352
-
431
-
total
4 677
-
5 711
-
Corporate
9 684
53 500
-
-
income
1 453
8 025
-
-
surtax
102
562
-
-
communal
-
3 611
-
-
total
1 555
12 198
-
-
Dividends
8 129
41 302
-
-
income
5 919
2 422
-
-
withholding
1 219
6 196
-
-
total
7 138
8 618
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 423
20 816
20 770
23 115
After tax
29 077
32 684
32 730
30 385
Living cost
28 087
28 087
28 087
28 087
Free-cash
990
4 597
4 643
2 298

Estimated living cost  is ₴28087 per week

₴21069
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1702
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.
₴5018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22042
₴20398
₴15728
₴14690
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
118
income
-
-
-
10 268
health
-
-
-
3 799
surtax
-
-
-
1 278
pensions
-
-
-
10 700
other
-
-
-
-
total
-
-
-
26 163
Employee
17 405
-
44 196
-
pensions
1 161
-
2 948
-
unemployment
1 211
-
3 076
-
income
2 918
-
9 587
-
other
-
-
-
-
surtax
62
-
1 158
-
health
444
-
1 127
-
total
5 796
-
17 896
-
Employer
17 405
-
44 196
-
health
792
-
2 012
-
pensions
2 321
-
5 892
-
other
-
-
-
-
unemployment
552
-
1 401
-
total
3 665
-
9 305
-
Corporate
32 430
53 500
-
-
income
8 432
13 910
-
-
total
8 432
13 910
-
-
Dividends
23 999
39 590
-
-
withholding
3 600
5 939
-
-
total
3 600
5 939
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 493
19 849
27 201
26 163
After tax
32 007
33 651
26 299
27 337
Living cost
11 609
11 609
11 609
11 609
Free-cash
20 398
22 042
14 690
15 728

Estimated living cost  is ₴11609 per week

₴7009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1009
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3322
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14198
₴13052
₴13200
₴10669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
318
national
-
-
-
11 492
regional
-
-
-
807
social contributions
-
-
-
13 761
total
-
-
-
26 378
Employee
28 670
-
53 500
-
national
4 542
-
9 866
-
social contributions
9 668
-
18 040
-
municipal
152
-
283
-
regional
386
-
720
-
total
14 748
-
28 909
-
Employer
28 670
-
53 500
-
total
-
-
-
-
Corporate
24 830
53 500
-
-
municipal
1 234
2 659
-
-
nationa
5 959
12 840
-
-
total
7 193
15 499
-
-
Dividends
17 637
38 001
-
-
withholding
4 585
9 881
-
-
total
4 585
9 881
-
-
Income
53 500
53 500
53 500
53 500
Total tax
26 526
25 380
28 909
26 378
After tax
26 974
28 120
24 591
27 122
Living cost
13 922
13 922
13 922
13 922
Free-cash
13 052
14 198
10 669
13 200

Estimated living cost  is ₴13922 per week

₴8658
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴21037
₴15401
₴10260
₴11352
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
solidarity contribution
-
-
-
-
income
-
-
-
4 598
health
-
-
-
7 222
social contributions
-
-
-
15 622
total
-
-
-
27 442
Employee
23 232
-
39 925
-
social contributions
1 510
-
2 595
-
income
2 788
-
4 791
-
solidarity contribution
-
-
-
-
health
3 136
-
5 390
-
total
7 434
-
12 776
-
Employer
23 232
-
39 925
-
social contributions
5 808
-
9 981
-
health
2 091
-
3 593
-
total
7 899
-
13 574
-
Corporate
22 369
53 500
-
-
income
4 250
10 165
-
-
total
4 250
10 165
-
-
Dividends
18 119
43 335
-
-
withholding
2 718
6 500
-
-
total
2 718
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
22 301
16 665
26 350
27 442
After tax
31 199
36 835
27 150
26 058
Living cost
15 798
15 798
15 798
15 798
Free-cash
15 401
21 037
11 352
10 260

Estimated living cost  is ₴15798 per week

₴11748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2901
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13526
₴13270
₴10553
-₴475
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
3 170
income
-
-
-
9 084
chamber of commerce
-
-
-
214
health
-
-
-
4 093
surtax
-
-
-
-
pensions
-
-
-
9 897
total
-
-
-
26 458
Employee
22 592
20 597
41 543
-
pensions
2 314
2 109
4 254
-
unemployment
678
618
1 247
-
income
2 013
1 519
8 109
-
other
226
206
416
-
health
874
797
1 608
-
total
6 105
5 249
15 634
-
Employer
22 592
20 597
41 543
-
chamber of commerce
90
82
166
-
health
854
779
1 570
-
payroll
678
618
1 247
-
pensions
2 835
2 585
5 214
-
surtax
-
-
-
-
accident
293
268
540
-
other
1 073
978
1 973
-
unemployment
678
618
1 247
-
total
6 501
5 928
11 957
-
Corporate
24 406
26 975
39 582
-
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.

6 102
6 744
9 895
-
total
6 102
6 744
9 895
-
Dividends
18 304
20 231
-
-
withholding
5 033
5 564
-
-
total
5 033
5 564
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 741
23 485
37 486
26 458
After tax
29 759
30 015
16 014
27 042
Living cost
16 489
16 489
16 489
16 489
Free-cash
13 270
13 526
-475
10 553

Estimated living cost  is ₴16489 per week

₴9891
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1684
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.
₴4620
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43840
₴42531
₴45980
₴35815
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
microenterprise

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

-
-
-
535
total
-
-
-
535
Employee
8 731
-
53 500
-
income
1 746
-
10 700
-
total
1 746
-
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%.

44 769
53 500
-
-
total
-
-
-
-
Dividends
44 769
53 500
-
-
withholding
2 238
2 675
-
-
total
2 238
2 675
-
-
Income
53 500
53 500
53 500
53 500
Total tax
3 984
2 675
10 700
535
After tax
49 516
50 825
42 800
52 965
Living cost
6 985
6 985
6 985
6 985
Free-cash
42 531
43 840
35 815
45 980

Estimated living cost  is ₴6985 per week

₴4727
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴293
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.
₴1730
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22971
₴18649
₴13736
₴12204
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
80
income
-
-
-
10 785
health
-
-
-
5 265
pensions
-
-
-
9 771
total
-
-
-
25 901
Employee

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

22 855
-
46 293
-
pensions
3 543
-
7 176
-
unemployment
32
-
65
-
income
3 941
-
9 995
-
health
1 476
-
2 990
-
total
8 992
-
20 226
-
Employer

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

22 855
-
46 293
-
health
1 522
-
3 083
-
pensions
2 022
-
4 097
-
unemployment
14
-
27
-
total
3 558
-
7 207
-
Corporate
27 087
53 500
-
-
income
5 146
10 165
-
-
total
5 146
10 165
-
-
Dividends
21 941
43 335
-
-
withholding
3 292
6 501
-
-
total
3 292
6 501
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 988
16 666
27 433
25 901
After tax
32 512
36 834
26 067
27 599
Living cost
13 863
13 863
13 863
13 863
Free-cash
18 649
22 971
12 204
13 736

Estimated living cost  is ₴13863 per week

₴9514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴889
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.
₴3192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8357
-₴30096
₴12781
₴21933
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
34 688
-
-
-
social contributions
2 844
-
405
-
income
7 651
-
-
-
total
10 495
-
405
-
Employer
34 688
-
-
-
social contributions
48 909
-
6 970
-
total
48 909
-
6 970
-
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
59 404
20 951
7 375
16 527
After tax
-5 904
32 549
46 125
36 973
Living cost
24 192
24 192
24 192
24 192
Free-cash
-30 096
8 357
21 933
12 781

Estimated living cost  is ₴24192 per week

₴15697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14219
₴13698
₴13620
₴10792
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 077
surtax
-
-
-
-
social contributions

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

-
-
-
18 591
total
-
-
-
23 668
Employee
23 771
-
43 232
-
social contributions
2 615
-
4 756
-
income
4 944
-
11 472
-
surtax
-
-
-
-
total
7 559
-
16 228
-
Employer
23 771
-
43 232
-
social contributions
5 645
-
10 268
-
total
5 645
-
10 268
-
Corporate
24 084
53 500
-
-
income
5 058
11 235
-
-
surtax
-
-
-
-
total
5 058
11 235
-
-
Dividends
19 026
42 265
-
-
withholding
5 328
11 834
-
-
total
5 328
11 834
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 590
23 069
26 496
23 668
After tax
29 910
30 431
27 004
29 832
Living cost
16 212
16 212
16 212
16 212
Free-cash
13 698
14 219
10 792
13 620

Estimated living cost  is ₴16212 per week

₴12130
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴956
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2855
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2002
₴5555
₴5792
₴8534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 352
health
-
-
-
1 091
surtax
-
-
-
-
pensions
-
-
-
13 117
other
-
-
-
1 661
social contributions
-
-
-
1 524
total
-
-
-
22 745
Employee
32 371
-
43 357
-
pensions
3 661
-
2 119
-
social contributions
922
-
1 235
-
income
2 824
-
6 505
-
surtax
-
-
-
-
total
7 407
-
9 859
-
Employer
32 371
-
43 357
-
social contributions
97
-
130
-
health
2 266
-
3 035
-
pensions
5 319
-
3 727
-
other
1 117
-
1 496
-
unemployment
1 311
-
1 756
-
total
10 110
-
10 144
-
Corporate
11 019
53 500
-
-
income
3 086
14 980
-
-
surtax
-
-
-
-
total
3 086
14 980
-
-
Dividends
7 934
38 520
-
-
social contributions
1 364
6 625
-
-
surtax
-
-
-
-
withholding
1 015
4 930
-
-
total
2 379
11 555
-
-
Income
53 500
53 500
53 500
53 500
Total tax
22 982
26 535
20 003
22 745
After tax
30 518
26 965
33 497
30 755
Living cost
24 963
24 963
24 963
24 963
Free-cash
5 555
2 002
8 534
5 792

Estimated living cost  is ₴24963 per week

₴16894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2042
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴342
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5684
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32614
₴30877
₴25158
₴26581
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 035
social contributions
-
-
-
11 771
total
-
-
-
12 806
Employee
16 616
-
46 321
-
social contributions
1 080
-
3 011
-
income
-
-
1 193
-
total
1 080
-
4 204
-
Employer
16 616
-
46 321
-
social contributions
2 576
-
7 179
-
total
2 576
-
7 179
-
Corporate
34 309
53 500
-
-
income
3 431
5 350
-
-
total
3 431
5 350
-
-
Dividends
30 878
48 150
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
7 087
5 350
11 383
12 806
After tax
46 413
48 150
42 117
40 694
Living cost
15 536
15 536
15 536
15 536
Free-cash
30 877
32 614
26 581
25 158

Estimated living cost  is ₴15536 per week

₴10045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1171
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
-₴58886
-₴58886
₴8229
-₴58886
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
10 035
national
-
-
-
5 703
labour market
-
-
-
4 244
pensions
-
-
-
447
total
-
-
-
20 429
Employee
104 853
104 853
104 853
-
national
12 810
12 810
12 810
-
pensions
149
149
149
-
municipal
22 328
22 328
22 328
-
labour market
8 376
8 376
8 376
-
total
43 663
43 663
43 663
-
Employer
104 853
104 853
104 853
-
municipal
22 363
22 363
22 363
-
labour market
8 388
8 388
8 388
-
national
12 832
12 832
12 832
-
pensions
298
298
298
-
total
43 881
43 881
43 881
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
87 544
87 544
87 544
20 429
After tax
-34 044
-34 044
-34 044
33 071
Living cost
24 842
24 842
24 842
24 842
Free-cash
-58 886
-58 886
-58 886
8 229

Estimated living cost  is ₴24842 per week

₴17002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2198
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴382
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6697
₴2642
₴25673
₴16761
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
13 253
health
-
-
-
1 110
pensions
-
-
-
2 117
other
-
-
-
189
total
-
-
-
16 797
Employee
17 351
-
45 998
-
pensions
1 954
-
3 882
-
income
2 380
-
9 059
-
health
1 987
-
5 267
-
total
6 321
-
18 208
-
Employer
17 351
-
45 998
-
pensions
2 821
-
5 606
-
accident
290
-
768
-
unemployment
425
-
1 127
-
total
3 536
-
7 501
-
Corporate
32 613
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.

29 351
48 150
-
-
total
29 351
48 150
-
-
Dividends
3 261
5 350
-
-
withholding
620
1 017
-
-
total
620
1 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
39 828
49 167
25 709
16 797
After tax
13 672
4 333
27 791
36 703
Living cost
11 030
11 030
11 030
11 030
Free-cash
2 642
-6 697
16 761
25 673

Estimated living cost  is ₴11030 per week

₴8029
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴629
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2166
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15590
₴14655
₴17944
₴10535
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
9 521
national
-
-
-
5 584
health
-
-
-
608
total
-
-
-
15 713
Employee
27 192
-
45 007
-
national
449
-
3 092
-
pensions
1 835
-
3 038
-
unemployment
408
-
675
-
municipal
4 454
-
7 347
-
health
203
-
478
-
total
7 349
-
14 630
-
Employer
27 192
-
45 007
-
health
209
-
346
-
pensions
4 718
-
7 809
-
accident
27
-
45
-
unemployment
177
-
292
-
total
5 131
-
8 492
-
Corporate
21 178
53 500
-
-
income
4 235
10 700
-
-
total
4 235
10 700
-
-
Dividends

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

12 707
32 100
-
-
municipal
2 287
5 778
-
-
national
-
1 589
-
-
total
2 287
7 367
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 002
18 067
23 122
15 713
After tax
34 498
35 433
30 378
37 787
Living cost
19 843
19 843
19 843
19 843
Free-cash
14 655
15 590
10 535
17 944

Estimated living cost  is ₴19843 per week

₴12961
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1909
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4658
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27185
₴24372
₴25739
₴25686
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 085
health
-
-
-
1 364
social contributions
-
-
-
8 346
total
-
-
-
15 795
Employee
39 742
39 742
48 571
-
social contributions
1 503
3 298
4 031
-
income
4 327
3 679
6 062
-
health
308
676
826
-
total
6 138
7 653
10 919
-
Employer
39 742
39 742
48 571
-
social contributions
1 503
3 298
4 031
-
health
334
736
898
-
total
1 837
4 034
4 929
-
Corporate
33 559
9 724
-
-
income
4 195
1 215
-
-
total
4 195
1 215
-
-
Dividends
29 364
8 508
-
-
withholding
4 992
1 447
-
-
total
4 992
1 447
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 162
14 349
15 848
15 795
After tax
36 338
39 151
37 652
37 705
Living cost
11 966
11 966
11 966
11 966
Free-cash
24 372
27 185
25 686
25 739

Estimated living cost  is ₴11966 per week

₴7172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3356
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36098
₴33468
₴34987
₴24786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
15
income
-
-
-
5 134
health
-
-
-
1 870
pensions
-
-
-
3 288
total
-
-
-
10 307
Employee

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

11 863
-
48 504
-
pensions
1 779
-
7 276
-
unemployment
59
-
242
-
income
811
-
3 872
-
health
1 008
-
4 123
-
total
3 657
-
15 513
-
Employer

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

11 863
-
48 504
-
health
510
-
2 085
-
pensions
652
-
2 668
-
unemployment
59
-
242
-
total
1 221
-
4 995
-
Corporate
40 416
53 500
-
-
income
3 638
4 815
-
-
total
3 638
4 815
-
-
Dividends
36 778
48 685
-
-
withholding
3 310
4 381
-
-
total
3 310
4 381
-
-
Income
53 500
53 500
53 500
53 500
Total tax
11 826
9 196
20 508
10 307
After tax
41 674
44 304
32 992
43 193
Living cost
8 206
8 206
8 206
8 206
Free-cash
33 468
36 098
24 786
34 987

Estimated living cost  is ₴8206 per week

₴5235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2134
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21831
₴19120
₴14654
₴13938
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
335
accident
-
-
-
432
income
-
-
-
10 262
pensions
-
-
-
13 557
other
-
-
-
48
total
-
-
-
24 634
Employee
19 111
-
40 567
-
pensions
898
-
1 907
-
unemployment
296
-
629
-
income
3 684
-
9 841
-
other
19
-
40
-
total
4 897
-
12 417
-
Employer
19 111
-
40 567
-
pensions
4 510
-
9 574
-
accident
379
-
803
-
other
153
-
325
-
unemployment
1 051
-
2 231
-
total
6 093
-
12 933
-
Corporate
28 297
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.

4 245
8 025
-
-
total
4 245
8 025
-
-
Dividends
24 052
45 475
-
-
withholding
4 933
9 432
-
-
total
4 933
9 432
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 168
17 457
25 350
24 634
After tax
33 332
36 043
28 150
28 866
Living cost
14 212
14 212
14 212
14 212
Free-cash
19 120
21 831
13 938
14 654

Estimated living cost  is ₴14212 per week

₴9593
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.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32503
₴32358
₴33376
₴33315
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 134
health
-
-
-
466
pensions
-
-
-
643
total
-
-
-
19 243
Employee
1 342
-
52 777
-
pensions
121
-
289
-
unemployment
13
-
32
-
income
260
-
18 100
-
health
67
-
161
-
total
461
-
18 582
-
Employer
1 342
-
52 777
-
health
127
-
305
-
pensions
148
-
353
-
unemployment
27
-
64
-
total
302
-
722
-
Corporate
51 857
53 500
-
-
income
11 408
11 770
-
-
total
11 408
11 770
-
-
Dividends
40 448
41 730
-
-
withholding
8 090
8 346
-
-
total
8 090
8 346
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 261
20 116
19 304
19 243
After tax
33 239
33 384
34 196
34 257
Living cost
881
881
881
881
Free-cash
32 358
32 503
33 315
33 376

Estimated living cost  is ₴881 per week

₴523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴71
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴20
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29730
₴27191
₴19609
₴19609
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
572
income
-
-
-
10 552
health
-
-
-
3 928
pensions
-
-
-
9 915
total
-
-
-
24 967
Employee

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

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

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

13 456
-
46 674
-
pensions
1 884
-
5 339
-
unemployment
101
-
286
-
income
1 855
-
10 552
-
health
693
-
1 964
-
total
4 533
-
18 141
-
Employer

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

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

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

13 456
-
46 674
-
health
693
-
1 964
-
pensions
1 615
-
4 576
-
unemployment
101
-
286
-
total
2 409
-
6 826
-
Corporate
37 635
53 500
-
-
income
5 645
8 025
-
-
total
5 645
8 025
-
-
Dividends
31 990
45 475
-
-
withholding
4 798
6 821
-
-
total
4 798
6 821
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 385
14 846
24 967
24 967
After tax
36 115
38 654
28 533
28 533
Living cost
8 924
8 924
8 924
8 924
Free-cash
27 191
29 730
19 609
19 609

Estimated living cost  is ₴8924 per week

₴6008
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴690
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.
₴1967
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16497
₴16310
₴15898
₴13070
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 077
surtax
-
-
-
-
social contributions

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

-
-
-
18 591
total
-
-
-
23 668
Employee
20 060
-
43 232
-
social contributions
2 207
-
4 756
-
income
3 920
-
11 472
-
surtax
-
-
-
-
total
6 127
-
16 228
-
Employer
20 060
-
43 232
-
social contributions
4 764
-
10 268
-
total
4 764
-
10 268
-
Corporate
28 677
53 500
-
-
income
6 022
11 235
-
-
surtax
-
-
-
-
total
6 022
11 235
-
-
Dividends
22 655
42 265
-
-
withholding
6 343
11 834
-
-
total
6 343
11 834
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 256
23 069
26 496
23 668
After tax
30 244
30 431
27 004
29 832
Living cost
13 934
13 934
13 934
13 934
Free-cash
16 310
16 497
13 070
15 898

Estimated living cost  is ₴13934 per week

₴9869
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴968
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.
₴2850
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17879
₴13937
₴10702
₴9986
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
335
accident
-
-
-
432
income
-
-
-
10 262
pensions
-
-
-
13 557
other
-
-
-
48
total
-
-
-
24 634
Employee
24 961
-
40 567
-
pensions
1 173
-
1 907
-
unemployment
386
-
629
-
income
5 213
-
9 841
-
other
25
-
40
-
total
6 797
-
12 417
-
Employer
24 961
-
40 567
-
pensions
5 891
-
9 574
-
accident
494
-
803
-
other
200
-
325
-
unemployment
1 373
-
2 231
-
total
7 958
-
12 933
-
Corporate
20 581
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.

3 088
8 025
-
-
total
3 088
8 025
-
-
Dividends
17 493
45 475
-
-
withholding
3 556
9 432
-
-
total
3 556
9 432
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 399
17 457
25 350
24 634
After tax
32 101
36 043
28 150
28 866
Living cost
18 164
18 164
18 164
18 164
Free-cash
13 937
17 879
9 986
10 702

Estimated living cost  is ₴18164 per week

₴13045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3451
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36670
₴33455
₴31485
₴33156
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
74
income
-
-
-
8 025
health
-
-
-
2 118
pensions

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

-
-
-
2 726
total
-
-
-
12 943
Employee
12 013
-
49 886
-
pensions

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

1 055
-
1 618
-
income
1 202
-
4 989
-
health
553
-
847
-
accident

We are using the highest rate at 1.1%.

132
-
203
-
total
2 942
-
7 657
-
Employer
12 013
-
49 886
-
health
829
-
1 271
-
pensions

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

1 324
-
2 030
-
accident

We are using the highest rate at 1.1%.

132
-
203
-
unemployment
72
-
111
-
total
2 357
-
3 615
-
Corporate
39 130
53 500
-
-
income
3 913
5 350
-
-
total
3 913
5 350
-
-
Dividends
35 217
48 150
-
-
withholding
1 761
2 408
-
-
total
1 761
2 408
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 973
7 758
11 272
12 943
After tax
42 527
45 742
42 228
40 557
Living cost
9 072
9 072
9 072
9 072
Free-cash
33 455
36 670
33 156
31 485

Estimated living cost  is ₴9072 per week

₴6000
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴216
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7640
₴14402
₴13673
₴17902
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 229
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.

-
-
-
11 481
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.

-
-
-
3 531
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.

-
-
-
632
total
-
-
-
19 873
Employee

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

25 716
-
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.

2 115
-
11 481
-
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.

117
-
632
-
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.

3 531
-
3 531
-
total
5 763
-
15 644
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 784
53 500
-
-
income
4 167
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.

230
441
-
-
trade
3 987
7 678
-
-
chamber of commerce
120
157
-
-
total
8 504
16 301
-
-
Dividends
19 281
37 199
-
-
surtax

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

254
501
-
-
withholding
4 623
9 104
-
-
total
4 877
9 605
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 144
25 906
15 644
19 873
After tax
34 356
27 594
37 856
33 627
Living cost
19 954
19 954
19 954
19 954
Free-cash
14 402
7 640
17 902
13 673

Estimated living cost  is ₴19954 per week

₴13765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2147
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.
₴3753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8009
₴9150
₴6405
₴6405
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
12 857
social contributions
-
-
-
4 797
total
-
-
-
17 654
Employee
40 428
-
53 500
-
social contributions
3 359
-
4 797
-
income
7 629
-
12 857
-
total
10 988
-
17 654
-
Employer
40 428
-
53 500
-
total
-
-
-
-
Corporate
13 072
53 500
-
-
income
1 634
6 687
-
-
total
1 634
6 687
-
-
Dividends
11 438
46 813
-
-
withholding
2 287
9 363
-
-
total
2 287
9 363
-
-
Income
53 500
53 500
53 500
53 500
Total tax
14 909
16 050
17 654
17 654
After tax
38 591
37 450
35 846
35 846
Living cost
29 441
29 441
29 441
29 441
Free-cash
9 150
8 009
6 405
6 405

Estimated living cost  is ₴29441 per week

₴22398
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2399
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.
₴4363
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13283
₴15148
₴16786
₴20560
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 712
health

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

-
-
-
3 241
total
-
-
-
17 953
Employee
23 709
-
51 123
-
social contributions
2 375
-
2 377
-
income
2 573
-
9 425
-
total
4 948
-
11 802
-
Employer
23 709
-
51 123
-
social contributions
2 375
-
2 377
-
total
2 375
-
2 377
-
Corporate
27 415
53 500
-
-
income
9 595
18 725
-
-
total
9 595
18 725
-
-
Dividends
17 820
34 775
-
-
social contributions
2 673
2 731
-
-
total
2 673
2 731
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 591
21 456
14 179
17 953
After tax
33 909
32 044
39 321
35 547
Living cost
18 761
18 761
18 761
18 761
Free-cash
15 148
13 283
20 560
16 786

Estimated living cost  is ₴18761 per week

₴12358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1479
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4636
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19855
₴17933
₴19079
₴14225
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 287
pensions
-
-
-
3 904
total
-
-
-
15 191
Employee
26 396
-
47 084
-
pensions
2 015
-
4 498
-
income
4 807
-
8 363
-
health
344
-
768
-
total
7 166
-
13 629
-
Employer
26 396
-
47 084
-
health
502
-
895
-
pensions
2 667
-
5 521
-
total
3 169
-
6 416
-
Corporate
23 935
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.

4 548
10 165
-
-
total
4 548
10 165
-
-
Dividends
19 387
43 335
-
-
withholding
1 454
4 250
-
-
total
1 454
4 250
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 337
14 415
20 045
15 191
After tax
37 163
39 085
33 455
38 309
Living cost
19 230
19 230
19 230
19 230
Free-cash
17 933
19 855
14 225
19 079

Estimated living cost  is ₴19230 per week

₴13192
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
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.
₴4028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7789
₴2476
₴24581
₴15669
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
128
income
-
-
-
13 253
health
-
-
-
1 110
pensions
-
-
-
2 117
other
-
-
-
189
total
-
-
-
16 797
Employee
19 069
-
45 998
-
pensions
2 147
-
3 882
-
income
2 616
-
9 059
-
health
2 183
-
5 267
-
total
6 946
-
18 208
-
Employer
19 069
-
45 998
-
pensions
3 100
-
5 606
-
accident
318
-
768
-
unemployment
467
-
1 127
-
total
3 885
-
7 501
-
Corporate
30 545
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.

27 491
48 150
-
-
total
27 491
48 150
-
-
Dividends
3 055
5 350
-
-
withholding
580
1 017
-
-
total
580
1 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
38 902
49 167
25 709
16 797
After tax
14 598
4 333
27 791
36 703
Living cost
12 122
12 122
12 122
12 122
Free-cash
2 476
-7 789
15 669
24 581

Estimated living cost  is ₴12122 per week

₴8896
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2275
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38037
₴35978
₴23552
₴26896
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
642
health insurance
-
-
-
3 959
income
-
-
-
8 253
work injury
-
-
-
267
pensions
-
-
-
9 844
total
-
-
-
22 965
Employee

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

11 172
-
53 500
-
work injury
56
-
207
-
pensions
2 056
-
7 606
-
unemployment
134
-
496
-
income
1 117
-
8 253
-
health insurance
827
-
3 059
-
total
4 190
-
19 621
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 328
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
42 328
52 965
-
-
withholding
6 349
7 945
-
-
total
6 349
7 945
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 539
8 480
19 621
22 965
After tax
42 961
45 020
33 879
30 535
Living cost
6 983
6 983
6 983
6 983
Free-cash
35 978
38 037
26 896
23 552

Estimated living cost  is ₴6983 per week

₴4326
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴507
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1932
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7590
₴5239
₴6214
₴3769
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
358
national
-
-
-
11 492
regional
-
-
-
1 085
social contributions
-
-
-
13 761
total
-
-
-
26 696
Employee
43 552
-
53 500
-
national
7 360
-
9 866
-
social contributions
14 685
-
18 040
-
municipal
260
-
319
-
regional
658
-
916
-
total
22 963
-
29 141
-
Employer
43 552
-
53 500
-
total
-
-
-
-
Corporate
9 948
53 500
-
-
municipal
480
2 579
-
-
nationa
2 387
12 840
-
-
total
2 867
15 419
-
-
Dividends
7 081
38 082
-
-
withholding
1 841
9 901
-
-
total
1 841
9 901
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 671
25 320
29 141
26 696
After tax
25 829
28 180
24 359
26 804
Living cost
20 590
20 590
20 590
20 590
Free-cash
5 239
7 590
3 769
6 214

Estimated living cost  is ₴20590 per week

₴14463
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴311
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4399
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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