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
₴17361
₴11794
₴22427
₴17687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 740
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.

-
-
-
11 741
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.

-
-
-
3 439
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.

-
-
-
646
total
-
-
-
20 566
Employee

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

19 254
-
53 500
-
surtax

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

30
-
646
-
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.

3 439
-
3 439
-
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.

538
-
11 741
-
total
4 007
-
15 826
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 246
53 500
-
-
trade
5 394
8 427
-
-
income
5 137
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.

283
441
-
-
chamber of commerce
126
153
-
-
total
10 940
17 046
-
-
Dividends
23 307
36 454
-
-
withholding
5 635
8 922
-
-
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.

310
491
-
-
total
5 945
9 413
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 892
26 459
15 826
20 566
After tax
32 608
27 041
37 674
32 934
Living cost
15 247
15 247
15 247
15 247
Free-cash
17 361
11 794
22 427
17 687

Estimated living cost  is ₴15247 per week

₴9591
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1778
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3594
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7019
₴7450
₴6709
₴6289
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
575
pensions
-
-
-
6 420
municipal
-
-
-
5 602
national
-
-
-
8 680
total
-
-
-
21 277
Employee
40 202
-
46 250
-
national
7 695
-
9 001
-
municipal
4 966
-
5 809
-
pensions
1 608
-
1 850
-
total
14 269
-
16 660
-
Employer
40 202
-
46 250
-
pensions
3 216
-
3 700
-
social contributions
432
-
497
-
total
3 648
-
4 197
-
Corporate
6 996
53 500
-
-
income

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

1 399
10 700
-
-
total
1 399
10 700
-
-
Dividends
5 597
42 800
-
-
withholding
1 231
9 416
-
-
total
1 231
9 416
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 547
20 116
20 857
21 277
After tax
32 953
33 384
32 643
32 223
Living cost
25 934
25 934
25 934
25 934
Free-cash
7 019
7 450
6 709
6 289

Estimated living cost  is ₴25934 per week

₴17627
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2411
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴388
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5508
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28198
₴32327
₴19646
₴18051
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
53 500
social contributions

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

-
-
-
17 200
income
-
-
-
7 776
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
24 976
Employee
14 709
-
43 114
-
surtax
-
-
-
-
social contributions

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

1 618
-
4 743
-
income
2 618
-
8 252
-
total
4 236
-
12 995
-
Employer
14 709
-
43 114
-
social contributions

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

3 543
-
10 386
-
surtax
-
-
-
-
total
3 543
-
10 386
-
Corporate
35 248
53 500
-
-
income

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

7 050
10 700
-
-
total
7 050
10 700
-
-
Dividends

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

28 198
42 800
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
14 829
10 700
23 381
24 976
After tax
38 671
42 800
30 119
28 524
Living cost
10 473
10 473
10 473
10 473
Free-cash
28 198
32 327
19 646
18 051

Estimated living cost  is ₴10473 per week

₴6681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴997
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.
₴2556
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1792
₴4876
₴5749
₴9266
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 041
pensions
-
-
-
5 898
health
-
-
-
6 207
total
-
-
-
23 146
Employee
42 988
42 988
45 528
-
health
6 598
5 612
5 757
-
pensions
7 738
5 898
5 898
-
income

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

7 036
7 036
7 036
-
total
21 372
18 546
18 691
-
Employer
42 988
42 988
45 528
-
pensions
2 992
2 992
3 169
-
unemployment
1 548
1 548
1 639
-
health
2 988
2 988
3 164
-
total
7 528
7 528
7 972
-
Corporate
3 512
2 985
-
-
income
702
597
-
-
total
702
597
-
-
Dividends
2 810
2 388
-
-
withholding
421
358
-
-
income
597
507
-
-
total
1 018
865
-
-
Income
53 500
53 500
53 500
53 500
Total tax
30 620
27 536
26 663
23 146
After tax
22 880
25 964
26 837
30 354
Living cost
21 088
21 088
21 088
21 088
Free-cash
1 792
4 876
5 749
9 266

Estimated living cost  is ₴21088 per week

₴14944
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴335
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7815
₴8286
₴7645
₴7297
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
5 329
unemployment
-
-
-
46
pensions
-
-
-
4 957
municipal
-
-
-
11 992
accident
-
-
-
92
national
-
-
-
-
health
-
-
-
2 862
total
-
-
-
25 278
Employee
29 816
-
40 709
-
national
-
-
-
-
municipal
8 891
-
12 139
-
total
8 891
-
12 139
-
Employer
29 816
-
40 709
-
other
3 465
-
4 730
-
accident
60
-
81
-
pensions
3 223
-
4 401
-
unemployment
787
-
1 075
-
health
1 834
-
2 504
-
total
9 369
-
12 791
-
Corporate
14 316
53 500
-
-
income
3 150
11 770
-
-
total
3 150
11 770
-
-
Dividends
11 167
41 730
-
-
withholding
3 350
12 519
-
-
total
3 350
12 519
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 760
24 289
24 930
25 278
After tax
28 740
29 211
28 570
28 222
Living cost
20 925
20 925
20 925
20 925
Free-cash
7 815
8 286
7 645
7 297

Estimated living cost  is ₴20925 per week

₴13868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2053
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4686
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14063
₴6991
₴17899
₴12948
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 951
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.

-
-
-
11 741
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.

-
-
-
3 439
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.

-
-
-
646
total
-
-
-
20 777
Employee

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

25 528
-
53 500
-
surtax

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

120
-
646
-
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.

3 439
-
3 439
-
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.

2 193
-
11 741
-
total
5 752
-
15 826
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 972
53 500
-
-
trade
4 602
8 801
-
-
income
4 196
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.

231
441
-
-
chamber of commerce
117
153
-
-
total
9 146
17 420
-
-
Dividends
18 827
36 080
-
-
withholding
4 516
8 829
-
-
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.

248
485
-
-
total
4 764
9 314
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 662
26 734
15 826
20 777
After tax
33 838
26 766
37 674
32 723
Living cost
19 775
19 775
19 775
19 775
Free-cash
14 063
6 991
17 899
12 948

Estimated living cost  is ₴19775 per week

₴13226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2085
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.
₴4169
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20729
₴22817
₴21141
₴21335
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
8 145
income
-
-
-
6 329
health
-
-
-
1 364
total
-
-
-
15 838
Employee
38 708
38 708
48 570
-
health
385
658
825
-
social contributions
1 881
3 213
4 031
-
income
4 065
3 583
6 246
-
total
6 331
7 454
11 102
-
Employer
38 708
38 708
48 570
-
social contributions
1 881
3 213
4 031
-
health
419
716
899
-
total
2 300
3 929
4 930
-
Corporate
28 542
10 863
-
-
income
3 568
1 357
-
-
total
3 568
1 357
-
-
Dividends
24 974
9 505
-
-
withholding
4 245
1 616
-
-
total
4 245
1 616
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 444
14 356
16 032
15 838
After tax
37 056
39 144
37 468
37 662
Living cost
16 327
16 327
16 327
16 327
Free-cash
20 729
22 817
21 141
21 335

Estimated living cost  is ₴16327 per week

₴11161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20959
₴20765
₴21647
₴27696
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

The minimum wage is 138,000 HUF per month.

13 521
5 381
44 770
-
unemployment
203
81
672
-
health
947
377
3 134
-
pensions
1 352
538
4 477
-
income
1 653
658
5 473
-
total
4 155
1 654
13 756
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 521
5 381
44 770
-
pensions
2 637
1 049
8 730
-
total
2 637
1 049
8 730
-
Corporate
37 342
47 069
-
-
income
3 361
4 236
-
-
total
3 361
4 236
-
-
Dividends
33 981
42 833
-
-
withholding
6 456
8 138
-
-
social contributions
6 565
8 291
-
-
total
13 021
16 429
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 174
23 368
22 486
16 437
After tax
30 326
30 132
31 014
37 063
Living cost
9 367
9 367
9 367
9 367
Free-cash
20 959
20 765
21 647
27 696

Estimated living cost  is ₴9367 per week

₴6392
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2021
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27513
₴30641
₴18677
₴16517
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 700
health
-
-
-
6 955
total
-
-
-
24 824
Employee
14 280
-
39 986
-
unemployment
228
-
640
-
pensions
286
-
800
-
income
1 608
-
7 709
-
total
2 122
-
9 149
-
Employer
14 280
-
39 986
-
pensions
2 856
-
7 997
-
unemployment
115
-
320
-
health
1 856
-
5 198
-
total
4 827
-
13 515
-
Corporate
34 393
53 500
-
-
income
6 879
10 700
-
-
total
6 879
10 700
-
-
Dividends
27 514
42 800
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
13 828
10 700
22 664
24 824
After tax
39 672
42 800
30 836
28 676
Living cost
12 159
12 159
12 159
12 159
Free-cash
27 513
30 641
18 677
16 517

Estimated living cost  is ₴12159 per week

₴8340
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴724
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2851
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2599
-₴6970
₴16457
₴25403
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
190
income
-
-
-
13 216
pensions
-
-
-
2 138
accident
-
-
-
130
health
-
-
-
1 120
total
-
-
-
16 794
Employee
17 780
-
45 947
-
health
2 036
-
5 261
-
pensions
2 002
-
3 920
-
income
2 439
-
9 006
-
total
6 477
-
18 187
-
Employer
17 780
-
45 947
-
accident
297
-
767
-
pensions
2 891
-
5 660
-
unemployment
436
-
1 126
-
total
3 624
-
7 553
-
Corporate
32 097
53 500
-
-
income

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

28 887
48 150
-
-
total
28 887
48 150
-
-
Dividends
3 210
5 350
-
-
withholding
610
1 017
-
-
total
610
1 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
39 598
49 167
25 740
16 794
After tax
13 902
4 333
27 760
36 706
Living cost
11 303
11 303
11 303
11 303
Free-cash
2 599
-6 970
16 457
25 403

Estimated living cost  is ₴11303 per week

₴8284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴626
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2157
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45943
₴46714
₴38689
₴48854
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 138
-
53 500
-
income
1 028
-
10 700
-
total
1 028
-
10 700
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

48 362
53 500
-
-
total
-
-
-
-
Dividends
48 362
53 500
-
-
withholding
2 418
2 675
-
-
total
2 418
2 675
-
-
Income
53 500
53 500
53 500
53 500
Total tax
3 446
2 675
10 700
535
After tax
50 054
50 825
42 800
52 965
Living cost
4 111
4 111
4 111
4 111
Free-cash
45 943
46 714
38 689
48 854

Estimated living cost  is ₴4111 per week

₴2547
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴113
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1108
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22495
₴25894
₴17754
₴15541
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
2 541
income
-
-
-
6 811
pensions

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

-
-
-
12 840
health
-
-
-
2 354
total
-
-
-
24 546
Employee
18 278
-
42 731
-
unemployment
182
-
427
-
health
256
-
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.

1 279
-
2 991
-
income
3 147
-
7 549
-
total
4 864
-
11 565
-
Employer
18 278
-
42 731
-
other
914
-
2 137
-
accident
146
-
342
-
pensions

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

3 108
-
7 264
-
unemployment
182
-
427
-
health
256
-
598
-
total
4 606
-
10 768
-
Corporate
30 616
53 500
-
-
income
6 429
11 235
-
-
total
6 429
11 235
-
-
Dividends
24 187
42 265
-
-
withholding
1 693
2 958
-
-
total
1 693
2 958
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 592
14 193
22 333
24 546
After tax
35 908
39 307
31 167
28 954
Living cost
13 413
13 413
13 413
13 413
Free-cash
22 495
25 894
17 754
15 541

Estimated living cost  is ₴13413 per week

₴9477
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴906
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.
₴2814
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8
₴5444
₴5
₴4786
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 672
pensions
-
-
-
3 792
total
-
-
-
15 464
Employee
47 043
-
47 051
-
health
775
-
775
-
pensions
4 538
-
4 539
-
income
8 480
-
8 482
-
total
13 793
-
13 796
-
Employer
47 043
-
47 051
-
pensions
5 554
-
5 556
-
health
893
-
893
-
total
6 447
-
6 449
-
Corporate
9
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.

2
10 165
-
-
total
2
10 165
-
-
Dividends
7
43 335
-
-
withholding
-
4 641
-
-
total
-
4 641
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 242
14 806
20 245
15 464
After tax
33 258
38 694
33 255
38 036
Living cost
33 250
33 250
33 250
33 250
Free-cash
8
5 444
5
4 786

Estimated living cost  is ₴33250 per week

₴24915
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3907
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.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴36805
₴39142
₴35898
₴34179
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70
income
-
-
-
8 025
pensions

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

-
-
-
2 603
health
-
-
-
2 022
total
-
-
-
12 720
Employee
8 741
-
50 050
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
health
402
-
809
-
pensions

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

767
-
1 544
-
income
874
-
5 005
-
total
2 139
-
7 551
-
Employer
8 741
-
50 050
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
pensions

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

963
-
1 938
-
unemployment
52
-
106
-
health
603
-
1 213
-
total
1 714
-
3 450
-
Corporate
43 044
53 500
-
-
income
4 304
5 350
-
-
total
4 304
5 350
-
-
Dividends
38 740
48 150
-
-
withholding
1 937
2 407
-
-
total
1 937
2 407
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 094
7 757
11 001
12 720
After tax
43 406
45 743
42 499
40 780
Living cost
6 601
6 601
6 601
6 601
Free-cash
36 805
39 142
35 898
34 179

Estimated living cost  is ₴6601 per week

₴3854
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴471
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴175
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1341
-₴1950
-₴1077
₴2440
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 041
pensions
-
-
-
5 898
health
-
-
-
6 207
total
-
-
-
23 146
Employee
46 671
42 988
45 528
-
health
5 822
5 612
5 757
-
pensions
5 898
5 898
5 898
-
income

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

7 036
7 036
7 036
-
total
18 756
18 546
18 691
-
Employer
46 671
42 988
45 528
-
pensions
3 248
2 992
3 169
-
unemployment
1 680
1 548
1 639
-
health
3 243
2 988
3 164
-
total
8 171
7 528
7 972
-
Corporate
-
2 985
-
-
income
-
597
-
-
total
-
597
-
-
Dividends
-
2 388
-
-
withholding
-
358
-
-
income
-
507
-
-
total
-
865
-
-
Income
53 500
53 500
53 500
53 500
Total tax
26 927
27 536
26 663
23 146
After tax
26 573
25 964
26 837
30 354
Living cost
27 914
27 914
27 914
27 914
Free-cash
-1 341
-1 950
-1 077
2 440

Estimated living cost  is ₴27914 per week

₴20591
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4510
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19744
₴24238
₴14553
₴13460
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
15 622
income
-
-
-
4 598
health
-
-
-
7 223
solidarity contribution
-
-
-
-
total
-
-
-
27 443
Employee
18 524
-
39 925
-
solidarity contribution
-
-
-
-
health
2 501
-
5 390
-
social contributions
1 204
-
2 595
-
income
2 223
-
4 791
-
total
5 928
-
12 776
-
Employer
18 524
-
39 925
-
social contributions
4 631
-
9 981
-
health
1 667
-
3 593
-
total
6 298
-
13 574
-
Corporate
28 677
53 500
-
-
income
5 449
10 165
-
-
total
5 449
10 165
-
-
Dividends
23 229
43 335
-
-
withholding
3 484
6 500
-
-
total
3 484
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 159
16 665
26 350
27 443
After tax
32 341
36 835
27 150
26 057
Living cost
12 597
12 597
12 597
12 597
Free-cash
19 744
24 238
14 553
13 460

Estimated living cost  is ₴12597 per week

₴8750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴896
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2703
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4675
₴7304
₴3454
₴5999
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
596
social contributions
-
-
-
13 760
municipal
-
-
-
318
national
-
-
-
11 586
total
-
-
-
26 260
Employee
44 738
-
53 500
-
national
7 752
-
9 959
-
regional
422
-
522
-
municipal
237
-
284
-
social contributions
15 086
-
18 040
-
total
23 497
-
28 805
-
Employer
44 738
-
53 500
-
total
-
-
-
-
Corporate
8 762
53 500
-
-
nationa
2 103
12 840
-
-
municipal
342
2 086
-
-
total
2 445
14 926
-
-
Dividends
6 317
38 574
-
-
withholding
1 642
10 029
-
-
total
1 642
10 029
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 584
24 955
28 805
26 260
After tax
25 916
28 545
24 695
27 240
Living cost
21 241
21 241
21 241
21 241
Free-cash
4 675
7 304
3 454
5 999

Estimated living cost  is ₴21241 per week

₴14807
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1393
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4715
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20977
₴22543
₴15053
₴16032
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
10 430
pensions
-
-
-
10 700
health
-
-
-
3 798
surtax
-
-
-
1 317
total
-
-
-
26 360
Employee
16 647
-
44 197
-
surtax
54
-
1 191
-
unemployment
1 159
-
3 076
-
other
-
-
-
-
health
425
-
1 127
-
pensions
1 110
-
2 948
-
income
2 790
-
9 694
-
total
5 538
-
18 036
-
Employer
16 647
-
44 197
-
other
-
-
-
-
pensions
2 219
-
5 891
-
unemployment
527
-
1 401
-
health
758
-
2 011
-
total
3 504
-
9 303
-
Corporate
33 349
53 500
-
-
income
8 671
13 910
-
-
total
8 671
13 910
-
-
Dividends
24 678
39 590
-
-
withholding
3 702
5 939
-
-
total
3 702
5 939
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 415
19 849
27 339
26 360
After tax
32 085
33 651
26 161
27 140
Living cost
11 108
11 108
11 108
11 108
Free-cash
20 977
22 543
15 053
16 032

Estimated living cost  is ₴11108 per week

₴6792
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1025
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.
₴3035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13456
₴15979
₴10540
₴15321
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 672
pensions
-
-
-
3 792
total
-
-
-
15 464
Employee
31 527
-
47 051
-
health
458
-
775
-
pensions
2 676
-
4 539
-
income
5 678
-
8 482
-
total
8 812
-
13 796
-
Employer
31 527
-
47 051
-
pensions
3 413
-
5 556
-
health
599
-
893
-
total
4 012
-
6 449
-
Corporate
17 961
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.

3 413
10 165
-
-
total
3 413
10 165
-
-
Dividends
14 548
43 335
-
-
withholding
1 092
4 641
-
-
total
1 092
4 641
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 329
14 806
20 245
15 464
After tax
36 171
38 694
33 255
38 036
Living cost
22 715
22 715
22 715
22 715
Free-cash
13 456
15 979
10 540
15 321

Estimated living cost  is ₴22715 per week

₴17018
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
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.
₴3757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴1606
-₴15483
₴1984
₴4647
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
1 070
city
-
-
-
564
regional
-
-
-
1 866
pensions
-
-
-
4 922
national
-
-
-
353
health
-
-
-
130
total
-
-
-
8 905
Employee
46 749
-
47 886
-
national
221
-
243
-
unemployment
-
-
-
-
city
502
-
514
-
regional
1 531
-
1 592
-
health
106
-
108
-
pensions
3 928
-
4 023
-
total
6 288
-
6 480
-
Employer
46 749
-
47 886
-
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.

935
-
957
-
pensions
3 928
-
4 023
-
unemployment
-
-
-
-
health
106
-
108
-
total
4 969
-
5 088
-
Corporate
1 269
53 500
-
-
regional
269
11 315
-
-
national
108
4 547
-
-
total
377
15 862
-
-
Dividends
892
37 638
-
-
withholding
312
13 173
-
-
total
312
13 173
-
-
Income
53 500
53 500
53 500
53 500
Total tax
11 946
29 035
11 568
8 905
After tax
41 554
24 465
41 932
44 595
Living cost
39 948
39 948
39 948
39 948
Free-cash
1 606
-15 483
1 984
4 647

Estimated living cost  is ₴39948 per week

₴25977
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3585
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9895
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴11592
₴3430
₴14613
₴9452
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 161
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.

-
-
-
11 741
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.

-
-
-
3 439
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.

-
-
-
646
total
-
-
-
20 987
Employee

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

30 253
-
53 500
-
surtax

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

196
-
646
-
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.

3 439
-
3 439
-
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.

3 557
-
11 741
-
total
7 192
-
15 826
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
23 247
53 500
-
-
trade
3 987
9 175
-
-
income
3 487
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.

192
441
-
-
chamber of commerce
109
152
-
-
total
7 775
17 793
-
-
Dividends
15 472
35 706
-
-
withholding
3 677
8 735
-
-
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.

203
481
-
-
total
3 880
9 216
-
-
Income
53 500
53 500
53 500
53 500
Total tax
18 847
27 009
15 826
20 987
After tax
34 653
26 491
37 674
32 513
Living cost
23 061
23 061
23 061
23 061
Free-cash
11 592
3 430
14 613
9 452

Estimated living cost  is ₴23061 per week

₴16843
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1845
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12717
₴9741
₴16047
₴13494
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
1 661
social contributions
-
-
-
1 525
income
-
-
-
5 541
pensions
-
-
-
12 892
health
-
-
-
1 164
surtax
-
-
-
-
total
-
-
-
22 783
Employee
21 544
-
43 289
-
surtax
-
-
-
-
pensions
2 436
-
2 170
-
social contributions
614
-
1 234
-
income
1 271
-
6 615
-
total
4 321
-
10 019
-
Employer
21 544
-
43 289
-
other
743
-
1 493
-
pensions
3 539
-
3 805
-
unemployment
872
-
1 753
-
social contributions
65
-
130
-
health
1 508
-
3 030
-
total
6 727
-
10 211
-
Corporate
25 228
53 500
-
-
income
7 063
14 980
-
-
surtax
-
-
-
-
total
7 063
14 980
-
-
Dividends
18 164
38 520
-
-
withholding
2 325
4 930
-
-
social contributions
3 124
6 626
-
-
surtax
-
-
-
-
total
5 449
11 556
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 560
26 536
20 230
22 783
After tax
29 940
26 964
33 270
30 717
Living cost
17 223
17 223
17 223
17 223
Free-cash
12 717
9 741
16 047
13 494

Estimated living cost  is ₴17223 per week

₴10860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4670
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14243
₴11448
₴17754
₴15201
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
1 661
social contributions
-
-
-
1 525
income
-
-
-
5 541
pensions
-
-
-
12 892
health
-
-
-
1 164
surtax
-
-
-
-
total
-
-
-
22 783
Employee
19 231
-
43 289
-
surtax
-
-
-
-
pensions
2 175
-
2 170
-
social contributions
548
-
1 234
-
income
992
-
6 615
-
total
3 715
-
10 019
-
Employer
19 231
-
43 289
-
other
664
-
1 493
-
pensions
3 160
-
3 805
-
unemployment
779
-
1 753
-
social contributions
57
-
130
-
health
1 346
-
3 030
-
total
6 006
-
10 211
-
Corporate
28 263
53 500
-
-
income
7 914
14 980
-
-
surtax
-
-
-
-
total
7 914
14 980
-
-
Dividends
20 349
38 520
-
-
withholding
2 605
4 930
-
-
social contributions
3 501
6 626
-
-
surtax
-
-
-
-
total
6 106
11 556
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 741
26 536
20 230
22 783
After tax
29 759
26 964
33 270
30 717
Living cost
15 516
15 516
15 516
15 516
Free-cash
14 243
11 448
17 754
15 201

Estimated living cost  is ₴15516 per week

₴8999
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1576
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.
₴4647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22226
₴21965
₴23614
₴23684
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
7 383
income
-
-
-
8 025
health
-
-
-
3 734
total
-
-
-
19 142
Employee
17 068
-
53 500
-
health
1 191
-
3 734
-
social contributions
2 356
-
7 383
-
income
2 847
-
8 095
-
total
6 394
-
19 212
-
Employer
17 068
-
53 500
-
total
-
-
-
-
Corporate
36 432
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%.

1 822
2 675
-
-
total
1 822
2 675
-
-
Dividends
34 610
50 825
-
-
health
2 416
3 548
-
-
withholding
5 192
7 624
-
-
social contributions
4 776
7 014
-
-
total
12 384
18 186
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 600
20 861
19 212
19 142
After tax
32 900
32 639
34 288
34 358
Living cost
10 674
10 674
10 674
10 674
Free-cash
22 226
21 965
23 614
23 684

Estimated living cost  is ₴10674 per week

₴7144
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴658
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2626
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11421
₴12199
-₴1915
₴9092
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
214
unemployment
-
-
-
3 087
income
-
-
-
9 280
pensions
-
-
-
9 898
health
-
-
-
4 092
surtax
-
-
-
99
total
-
-
-
26 670
Employee
25 157
20 061
41 466
-
unemployment
755
602
1 244
-
other
251
201
415
-
health
973
777
1 605
-
pensions
2 576
2 054
4 246
-
income
2 864
1 480
8 244
-
total
7 419
5 114
15 754
-
Employer
25 157
20 061
41 466
-
payroll
755
602
1 244
-
other
1 195
952
1 970
-
accident
327
261
539
-
pensions
3 157
2 518
5 204
-
unemployment
755
602
1 244
-
chamber of commerce
100
80
166
-
surtax
99
99
99
-
health
951
758
1 568
-
total
7 339
5 872
12 034
-
Corporate
21 004
27 566
39 556
-
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.

5 251
6 891
9 889
-
total
5 251
6 891
9 889
-
Dividends
15 753
20 675
-
-
withholding
4 332
5 686
-
-
total
4 332
5 686
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 341
23 563
37 677
26 670
After tax
29 159
29 937
15 823
26 830
Living cost
17 738
17 738
17 738
17 738
Free-cash
11 421
12 199
-1 915
9 092

Estimated living cost  is ₴17738 per week

₴11830
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4103
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4090
₴11640
₴2311
₴6388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
8 516
national
-
-
-
17 543
communal

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

-
-
-
2 699
total
-
-
-
28 758
Employee

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

36 008
-
41 438
-
national
11 070
-
13 194
-
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.

313
-
360
-
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.

1 692
-
1 948
-
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.

2 701
-
3 108
-
communal

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

1 878
-
2 162
-
total
17 654
-
20 772
-
Employer

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

36 008
-
41 438
-
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.

468
-
539
-
pensions

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

3 191
-
3 671
-
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.

525
-
605
-
surtax
4 083
-
4 700
-
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.

2 214
-
2 548
-
total
10 481
-
12 063
-
Corporate
7 011
53 500
-
-
income
1 402
10 700
-
-
surtax
28
214
-
-
total
1 430
10 914
-
-
Dividends
5 581
42 586
-
-
withholding

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

1 491
12 592
-
-
total
1 491
12 592
-
-
Income
53 500
53 500
53 500
53 500
Total tax
31 056
23 506
32 835
28 758
After tax
22 444
29 994
20 665
24 742
Living cost
18 354
18 354
18 354
18 354
Free-cash
4 090
11 640
2 311
6 388

Estimated living cost  is ₴18354 per week

₴11823
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1605
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13850
₴17860
₴9859
₴10812
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
47
unemployment
-
-
-
327
income
-
-
-
10 510
pensions
-
-
-
13 204
accident
-
-
-
420
total
-
-
-
24 508
Employee
25 058
-
40 566
-
unemployment
389
-
629
-
other
25
-
40
-
pensions
1 178
-
1 907
-
income
5 287
-
9 951
-
total
6 879
-
12 527
-
Employer
25 058
-
40 566
-
other
200
-
325
-
accident
496
-
803
-
pensions
5 913
-
9 574
-
unemployment
1 378
-
2 232
-
total
7 987
-
12 934
-
Corporate
20 455
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.

3 068
8 025
-
-
total
3 068
8 025
-
-
Dividends
17 387
45 475
-
-
withholding
3 536
9 435
-
-
total
3 536
9 435
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 470
17 460
25 461
24 508
After tax
32 030
36 040
28 039
28 992
Living cost
18 180
18 180
18 180
18 180
Free-cash
13 850
17 860
9 859
10 812

Estimated living cost  is ₴18180 per week

₴13387
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1290
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3240
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1697
₴5279
₴5143
₴2838
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 043
pensions
-
-
-
8 019
accident
-
-
-
451
communal
-
-
-
3 381
health
-
-
-
3 759
surtax
-
-
-
2 653
total
-
-
-
23 306
Employee
38 121
-
47 789
-
surtax
2 337
-
2 929
-
health
1 697
-
2 126
-
pensions
3 049
-
3 823
-
income
3 682
-
6 412
-
total
10 765
-
15 290
-
Employer
38 121
-
47 789
-
accident
343
-
430
-
pensions
3 049
-
3 823
-
health
1 163
-
1 458
-
total
4 555
-
5 711
-
Corporate
10 824
53 500
-
-
income
1 624
8 025
-
-
communal
-
3 611
-
-
surtax
114
562
-
-
total
1 738
12 198
-
-
Dividends
9 086
41 302
-
-
withholding
1 363
6 195
-
-
income
6 026
2 472
-
-
total
7 389
8 667
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 447
20 865
21 001
23 306
After tax
29 053
32 635
32 499
30 194
Living cost
27 356
27 356
27 356
27 356
Free-cash
1 697
5 279
5 143
2 838

Estimated living cost  is ₴27356 per week

₴20521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1657
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.
₴4887
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20742
₴22344
₴14854
₴15833
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
-
unemployment
-
-
-
115
income
-
-
-
10 430
pensions
-
-
-
10 700
health
-
-
-
3 798
surtax
-
-
-
1 317
total
-
-
-
26 360
Employee
16 952
-
44 197
-
surtax
60
-
1 191
-
unemployment
1 180
-
3 076
-
other
-
-
-
-
health
433
-
1 127
-
pensions
1 131
-
2 948
-
income
2 842
-
9 694
-
total
5 646
-
18 036
-
Employer
16 952
-
44 197
-
other
-
-
-
-
pensions
2 260
-
5 891
-
unemployment
538
-
1 401
-
health
771
-
2 011
-
total
3 569
-
9 303
-
Corporate
32 979
53 500
-
-
income
8 575
13 910
-
-
total
8 575
13 910
-
-
Dividends
24 404
39 590
-
-
withholding
3 661
5 939
-
-
total
3 661
5 939
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 451
19 849
27 339
26 360
After tax
32 049
33 651
26 161
27 140
Living cost
11 307
11 307
11 307
11 307
Free-cash
20 742
22 344
14 854
15 833

Estimated living cost  is ₴11307 per week

₴6826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴983
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.
₴3236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13443
₴14561
₴10937
₴13469
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
807
social contributions
-
-
-
13 760
municipal
-
-
-
318
national
-
-
-
11 586
total
-
-
-
26 471
Employee
27 924
-
53 500
-
national
4 424
-
9 959
-
regional
376
-
720
-
municipal
148
-
284
-
social contributions
9 416
-
18 040
-
total
14 364
-
29 003
-
Employer
27 924
-
53 500
-
total
-
-
-
-
Corporate
25 576
53 500
-
-
nationa
6 139
12 840
-
-
municipal
1 271
2 659
-
-
total
7 410
15 499
-
-
Dividends
18 166
38 002
-
-
withholding
4 723
9 880
-
-
total
4 723
9 880
-
-
Income
53 500
53 500
53 500
53 500
Total tax
26 497
25 379
29 003
26 471
After tax
27 003
28 121
24 497
27 029
Living cost
13 560
13 560
13 560
13 560
Free-cash
13 443
14 561
10 937
13 469

Estimated living cost  is ₴13560 per week

₴8433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1374
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3521
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15775
₴21313
₴11628
₴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
-
-
-
53 500
social contributions
-
-
-
15 622
income
-
-
-
4 598
health
-
-
-
7 223
solidarity contribution
-
-
-
-
total
-
-
-
27 443
Employee
22 827
-
39 925
-
solidarity contribution
-
-
-
-
health
3 082
-
5 390
-
social contributions
1 484
-
2 595
-
income
2 739
-
4 791
-
total
7 305
-
12 776
-
Employer
22 827
-
39 925
-
social contributions
5 707
-
9 981
-
health
2 054
-
3 593
-
total
7 761
-
13 574
-
Corporate
22 912
53 500
-
-
income
4 353
10 165
-
-
total
4 353
10 165
-
-
Dividends
18 559
43 335
-
-
withholding
2 784
6 500
-
-
total
2 784
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
22 203
16 665
26 350
27 443
After tax
31 297
36 835
27 150
26 057
Living cost
15 522
15 522
15 522
15 522
Free-cash
15 775
21 313
11 628
10 535

Estimated living cost  is ₴15522 per week

₴11543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴860
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.
₴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 Prague model

Close
Graz , Austria
₴13681
₴13931
-₴221
₴10869
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
214
unemployment
-
-
-
3 087
income
-
-
-
9 280
pensions
-
-
-
9 898
health
-
-
-
4 092
surtax
-
-
-
-
total
-
-
-
26 571
Employee
22 005
20 061
41 543
-
unemployment
660
602
1 247
-
other
220
201
416
-
health
851
777
1 608
-
pensions
2 254
2 054
4 254
-
income
1 960
1 480
8 270
-
total
5 945
5 114
15 795
-
Employer
22 005
20 061
41 543
-
payroll
660
602
1 247
-
other
1 045
952
1 974
-
accident
286
261
540
-
pensions
2 762
2 518
5 214
-
unemployment
660
602
1 247
-
chamber of commerce
88
80
166
-
surtax
-
-
-
-
health
832
758
1 570
-
total
6 333
5 773
11 958
-
Corporate
25 163
27 665
39 632
-
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.

6 291
6 916
9 908
-
total
6 291
6 916
9 908
-
Dividends
18 872
20 749
-
-
withholding
5 190
5 706
-
-
total
5 190
5 706
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 759
23 509
37 661
26 571
After tax
29 741
29 991
15 839
26 929
Living cost
16 060
16 060
16 060
16 060
Free-cash
13 681
13 931
-221
10 869

Estimated living cost  is ₴16060 per week

₴9634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1640
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.
₴4499
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43217
₴44419
₴36394
₴46559
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
8 007
-
53 500
-
income
1 602
-
10 700
-
total
1 602
-
10 700
-
Employer
-
-
-
-
total
-
-
-
-
Corporate

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

45 493
53 500
-
-
total
-
-
-
-
Dividends
45 493
53 500
-
-
withholding
2 275
2 675
-
-
total
2 275
2 675
-
-
Income
53 500
53 500
53 500
53 500
Total tax
3 877
2 675
10 700
535
After tax
49 623
50 825
42 800
52 965
Living cost
6 406
6 406
6 406
6 406
Free-cash
43 217
44 419
36 394
46 559

Estimated living cost  is ₴6406 per week

₴4335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴269
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19121
₴23332
₴12506
₴14038
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 844
pensions
-
-
-
9 771
health
-
-
-
5 265
total
-
-
-
25 960
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.

22 260
-
46 292
-
unemployment
32
-
65
-
health
1 438
-
2 990
-
pensions
3 450
-
7 175
-
income
3 839
-
10 054
-
total
8 759
-
20 284
-
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.

22 260
-
46 292
-
pensions
1 970
-
4 097
-
unemployment
13
-
28
-
health
1 483
-
3 083
-
total
3 466
-
7 208
-
Corporate
27 774
53 500
-
-
income
5 277
10 165
-
-
total
5 277
10 165
-
-
Dividends
22 497
43 335
-
-
withholding
3 375
6 501
-
-
total
3 375
6 501
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 877
16 666
27 492
25 960
After tax
32 623
36 834
26 008
27 540
Living cost
13 502
13 502
13 502
13 502
Free-cash
19 121
23 332
12 506
14 038

Estimated living cost  is ₴13502 per week

₴9266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴865
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3109
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴21089
₴10964
₴25334
₴15388
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
6 099
income
-
-
-
10 428
total
-
-
-
16 527
Employee
30 950
-
-
-
social contributions
2 538
-
362
-
income
6 827
-
-
-
total
9 365
-
362
-
Employer
30 950
-
-
-
social contributions
43 639
-
6 219
-
total
43 639
-
6 219
-
Corporate
-
53 500
-
-
income
-
11 770
-
-
total
-
11 770
-
-
Dividends
-
41 730
-
-
income
-
9 181
-
-
total
-
9 181
-
-
Income
53 500
53 500
53 500
53 500
Total tax
53 004
20 951
6 581
16 527
After tax
496
32 549
46 919
36 973
Living cost
21 585
21 585
21 585
21 585
Free-cash
-21 089
10 964
25 334
15 388

Estimated living cost  is ₴21585 per week

₴14005
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2030
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5275
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14132
₴14641
₴11064
₴13977
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
53 500
social contributions

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

-
-
-
18 592
income
-
-
-
5 141
surtax
-
-
-
-
total
-
-
-
23 733
Employee
23 152
-
43 233
-
surtax
-
-
-
-
social contributions
2 547
-
4 755
-
income
4 816
-
11 624
-
total
7 363
-
16 379
-
Employer
23 152
-
43 233
-
social contributions
5 499
-
10 267
-
total
5 499
-
10 267
-
Corporate
24 849
53 500
-
-
income
5 219
11 235
-
-
surtax
-
-
-
-
total
5 219
11 235
-
-
Dividends
19 631
42 265
-
-
withholding
5 497
11 834
-
-
total
5 497
11 834
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 578
23 069
26 646
23 733
After tax
29 922
30 431
26 854
29 767
Living cost
15 790
15 790
15 790
15 790
Free-cash
14 132
14 641
11 064
13 977

Estimated living cost  is ₴15790 per week

₴11814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴931
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴6110
₴2651
₴8957
₴6404
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
1 661
social contributions
-
-
-
1 525
income
-
-
-
5 541
pensions
-
-
-
12 892
health
-
-
-
1 164
surtax
-
-
-
-
total
-
-
-
22 783
Employee
31 528
-
43 289
-
surtax
-
-
-
-
pensions
3 566
-
2 170
-
social contributions
898
-
1 234
-
income
2 751
-
6 615
-
total
7 215
-
10 019
-
Employer
31 528
-
43 289
-
other
1 088
-
1 493
-
pensions
5 180
-
3 805
-
unemployment
1 277
-
1 753
-
social contributions
95
-
130
-
health
2 207
-
3 030
-
total
9 847
-
10 211
-
Corporate
12 125
53 500
-
-
income
3 395
14 980
-
-
surtax
-
-
-
-
total
3 395
14 980
-
-
Dividends
8 730
38 520
-
-
withholding
1 118
4 930
-
-
social contributions
1 502
6 626
-
-
surtax
-
-
-
-
total
2 620
11 556
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 077
26 536
20 230
22 783
After tax
30 423
26 964
33 270
30 717
Living cost
24 313
24 313
24 313
24 313
Free-cash
6 110
2 651
8 957
6 404

Estimated living cost  is ₴24313 per week

₴16455
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1989
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5536
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31326
₴33018
₴26903
₴25482
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 116
social contributions
-
-
-
11 770
total
-
-
-
12 886
Employee
16 183
-
46 320
-
social contributions
1 052
-
3 011
-
income
-
-
1 274
-
total
1 052
-
4 285
-
Employer
16 183
-
46 320
-
social contributions
2 509
-
7 180
-
total
2 509
-
7 180
-
Corporate
34 808
53 500
-
-
income
3 481
5 350
-
-
total
3 481
5 350
-
-
Dividends
31 327
48 150
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
7 042
5 350
11 465
12 886
After tax
46 458
48 150
42 035
40 614
Living cost
15 132
15 132
15 132
15 132
Free-cash
31 326
33 018
26 903
25 482

Estimated living cost  is ₴15132 per week

₴9784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1141
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3922
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴56058
-₴56058
-₴56058
₴8776
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
436
municipal
-
-
-
10 103
labour market
-
-
-
4 245
national
-
-
-
5 723
total
-
-
-
20 507
Employee
102 214
102 214
102 214
-
national
12 487
12 487
12 487
-
municipal
21 766
21 766
21 766
-
labour market
8 165
8 165
8 165
-
pensions
145
145
145
-
total
42 563
42 563
42 563
-
Employer
102 214
102 214
102 214
-
municipal
21 801
21 801
21 801
-
pensions
291
291
291
-
national
12 509
12 509
12 509
-
labour market
8 177
8 177
8 177
-
total
42 778
42 778
42 778
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
85 341
85 341
85 341
20 507
After tax
-31 841
-31 841
-31 841
32 993
Living cost
24 217
24 217
24 217
24 217
Free-cash
-56 058
-56 058
-56 058
8 776

Estimated living cost  is ₴24217 per week

₴16574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2142
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴372
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5128
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2625
-₴6803
₴16624
₴25570
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
190
income
-
-
-
13 216
pensions
-
-
-
2 138
accident
-
-
-
130
health
-
-
-
1 120
total
-
-
-
16 794
Employee
17 518
-
45 947
-
health
2 006
-
5 261
-
pensions
1 973
-
3 920
-
income
2 403
-
9 006
-
total
6 382
-
18 187
-
Employer
17 518
-
45 947
-
accident
293
-
767
-
pensions
2 848
-
5 660
-
unemployment
429
-
1 126
-
total
3 570
-
7 553
-
Corporate
32 412
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.

29 171
48 150
-
-
total
29 171
48 150
-
-
Dividends
3 241
5 350
-
-
withholding
616
1 017
-
-
total
616
1 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
39 739
49 167
25 740
16 794
After tax
13 761
4 333
27 760
36 706
Living cost
11 136
11 136
11 136
11 136
Free-cash
2 625
-6 803
16 624
25 570

Estimated living cost  is ₴11136 per week

₴8106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2186
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15236
₴16004
₴10946
₴18310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 519
national
-
-
-
5 730
health
-
-
-
614
total
-
-
-
15 863
Employee
26 484
-
45 008
-
national
438
-
3 193
-
unemployment
397
-
675
-
health
198
-
483
-
municipal
4 338
-
7 346
-
pensions
1 787
-
3 038
-
total
7 158
-
14 735
-
Employer
26 484
-
45 008
-
accident
27
-
45
-
pensions
4 595
-
7 808
-
unemployment
172
-
292
-
health
203
-
347
-
total
4 997
-
8 492
-
Corporate
22 018
53 500
-
-
income
4 404
10 700
-
-
total
4 404
10 700
-
-
Dividends

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

13 211
32 100
-
-
municipal
2 378
5 778
-
-
national
-
1 691
-
-
total
2 378
7 469
-
-
Income
53 500
53 500
53 500
53 500
Total tax
18 937
18 169
23 227
15 863
After tax
34 563
35 331
30 273
37 637
Living cost
19 327
19 327
19 327
19 327
Free-cash
15 236
16 004
10 946
18 310

Estimated living cost  is ₴19327 per week

₴12624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1859
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.
₴4537
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24749
₴27489
₴25813
₴26007
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
8 145
income
-
-
-
6 329
health
-
-
-
1 364
total
-
-
-
15 838
Employee
38 708
38 708
48 570
-
health
300
658
825
-
social contributions
1 463
3 213
4 031
-
income
4 215
3 583
6 246
-
total
5 978
7 454
11 102
-
Employer
38 708
38 708
48 570
-
social contributions
1 463
3 213
4 031
-
health
326
716
899
-
total
1 789
3 929
4 930
-
Corporate
34 078
10 863
-
-
income
4 260
1 357
-
-
total
4 260
1 357
-
-
Dividends
29 818
9 505
-
-
withholding
5 069
1 616
-
-
total
5 069
1 616
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 096
14 356
16 032
15 838
After tax
36 404
39 144
37 468
37 662
Living cost
11 655
11 655
11 655
11 655
Free-cash
24 749
27 489
25 813
26 007

Estimated living cost  is ₴11655 per week

₴6985
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1143
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.
₴3269
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33751
₴36311
₴25219
₴35317
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14
income
-
-
-
5 153
pensions
-
-
-
3 202
health
-
-
-
1 822
total
-
-
-
10 191
Employee

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

11 555
-
48 580
-
unemployment
57
-
239
-
health
982
-
4 060
-
pensions
1 733
-
7 165
-
income
790
-
3 905
-
total
3 562
-
15 369
-
Employer

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

11 555
-
48 580
-
pensions
635
-
2 627
-
unemployment
57
-
239
-
health
497
-
2 054
-
total
1 189
-
4 920
-
Corporate
40 756
53 500
-
-
income
3 668
4 815
-
-
total
3 668
4 815
-
-
Dividends
37 088
48 685
-
-
withholding
3 338
4 382
-
-
total
3 338
4 382
-
-
Income
53 500
53 500
53 500
53 500
Total tax
11 757
9 197
20 289
10 191
After tax
41 743
44 303
33 211
43 309
Living cost
7 992
7 992
7 992
7 992
Free-cash
33 751
36 311
25 219
35 317

Estimated living cost  is ₴7992 per week

₴5099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴576
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.
₴2079
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19557
₴22197
₴14196
₴15149
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
47
unemployment
-
-
-
327
income
-
-
-
10 510
pensions
-
-
-
13 204
accident
-
-
-
420
total
-
-
-
24 508
Employee
18 613
-
40 566
-
unemployment
288
-
629
-
other
18
-
40
-
pensions
875
-
1 907
-
income
3 589
-
9 951
-
total
4 770
-
12 527
-
Employer
18 613
-
40 566
-
other
149
-
325
-
accident
369
-
803
-
pensions
4 392
-
9 574
-
unemployment
1 024
-
2 232
-
total
5 934
-
12 934
-
Corporate
28 952
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.

4 343
8 025
-
-
total
4 343
8 025
-
-
Dividends
24 610
45 475
-
-
withholding
5 053
9 435
-
-
total
5 053
9 435
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 100
17 460
25 461
24 508
After tax
33 400
36 040
28 039
28 992
Living cost
13 843
13 843
13 843
13 843
Free-cash
19 557
22 197
14 196
15 149

Estimated living cost  is ₴13843 per week

₴9344
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1331
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2926
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32280
₴32435
₴33200
₴33269
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 088
pensions
-
-
-
692
health
-
-
-
502
total
-
-
-
19 282
Employee
1 446
-
52 721
-
unemployment
14
-
35
-
health
72
-
173
-
pensions
130
-
312
-
income
280
-
18 052
-
total
496
-
18 572
-
Employer
1 446
-
52 721
-
pensions
159
-
381
-
unemployment
29
-
69
-
health
137
-
329
-
total
325
-
779
-
Corporate
51 729
53 500
-
-
income
11 380
11 770
-
-
total
11 380
11 770
-
-
Dividends
40 348
41 730
-
-
withholding
8 070
8 346
-
-
total
8 070
8 346
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 271
20 116
19 351
19 282
After tax
33 229
33 384
34 149
34 218
Living cost
949
949
949
949
Free-cash
32 280
32 435
33 200
33 269

Estimated living cost  is ₴949 per week

₴564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴286
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴27483
₴29956
₴19993
₴19993
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
558
income
-
-
-
10 759
pensions
-
-
-
9 664
health
-
-
-
3 828
total
-
-
-
24 809
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.

13 116
-
46 847
-
unemployment
98
-
279
-
health
675
-
1 914
-
pensions
1 836
-
5 204
-
income
1 808
-
10 759
-
total
4 417
-
18 156
-
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.

13 116
-
46 847
-
pensions
1 574
-
4 460
-
unemployment
98
-
279
-
health
675
-
1 914
-
total
2 347
-
6 653
-
Corporate
38 036
53 500
-
-
income
5 705
8 025
-
-
total
5 705
8 025
-
-
Dividends
32 331
45 475
-
-
withholding
4 850
6 821
-
-
total
4 850
6 821
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 319
14 846
24 809
24 809
After tax
36 181
38 654
28 691
28 691
Living cost
8 698
8 698
8 698
8 698
Free-cash
27 483
29 956
19 993
19 993

Estimated living cost  is ₴8698 per week

₴5856
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴673
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.
₴1917
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴16678
₴16860
₴13283
₴16196
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
53 500
social contributions

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

-
-
-
18 592
income
-
-
-
5 141
surtax
-
-
-
-
total
-
-
-
23 733
Employee
19 538
-
43 233
-
surtax
-
-
-
-
social contributions
2 149
-
4 755
-
income
3 818
-
11 624
-
total
5 967
-
16 379
-
Employer
19 538
-
43 233
-
social contributions
4 640
-
10 267
-
total
4 640
-
10 267
-
Corporate
29 322
53 500
-
-
income
6 158
11 235
-
-
surtax
-
-
-
-
total
6 158
11 235
-
-
Dividends
23 165
42 265
-
-
withholding
6 486
11 834
-
-
total
6 486
11 834
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 251
23 069
26 646
23 733
After tax
30 249
30 431
26 854
29 767
Living cost
13 571
13 571
13 571
13 571
Free-cash
16 678
16 860
13 283
16 196

Estimated living cost  is ₴13571 per week

₴9612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴943
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.
₴2776
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴14511
₴18349
₴10348
₴11301
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
47
unemployment
-
-
-
327
income
-
-
-
10 510
pensions
-
-
-
13 204
accident
-
-
-
420
total
-
-
-
24 508
Employee
24 311
-
40 566
-
unemployment
376
-
629
-
other
24
-
40
-
pensions
1 143
-
1 907
-
income
5 078
-
9 951
-
total
6 621
-
12 527
-
Employer
24 311
-
40 566
-
other
195
-
325
-
accident
481
-
803
-
pensions
5 737
-
9 574
-
unemployment
1 337
-
2 232
-
total
7 750
-
12 934
-
Corporate
21 437
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.

3 215
8 025
-
-
total
3 215
8 025
-
-
Dividends
18 222
45 475
-
-
withholding
3 712
9 435
-
-
total
3 712
9 435
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 298
17 460
25 461
24 508
After tax
32 202
36 040
28 039
28 992
Living cost
17 691
17 691
17 691
17 691
Free-cash
14 511
18 349
10 348
11 301

Estimated living cost  is ₴17691 per week

₴12705
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1376
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.
₴3362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34013
₴37082
₴33838
₴32119
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
70
income
-
-
-
8 025
pensions

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

-
-
-
2 603
health
-
-
-
2 022
total
-
-
-
12 720
Employee
11 468
-
50 050
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
health
528
-
809
-
pensions

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

1 007
-
1 544
-
income
1 147
-
5 005
-
total
2 808
-
7 551
-
Employer
11 468
-
50 050
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
pensions

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

1 264
-
1 938
-
unemployment
69
-
106
-
health
791
-
1 213
-
total
2 250
-
3 450
-
Corporate
39 781
53 500
-
-
income
3 978
5 350
-
-
total
3 978
5 350
-
-
Dividends
35 804
48 150
-
-
withholding
1 790
2 407
-
-
total
1 790
2 407
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 826
7 757
11 001
12 720
After tax
42 674
45 743
42 499
40 780
Living cost
8 661
8 661
8 661
8 661
Free-cash
34 013
37 082
33 838
32 119

Estimated living cost  is ₴8661 per week

₴5728
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴496
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.
₴2231
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14741
₴8156
₴18239
₴13920
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 319
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.

-
-
-
11 741
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.

-
-
-
3 439
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.

-
-
-
646
total
-
-
-
20 145
Employee

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

25 047
-
53 500
-
surtax

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

114
-
646
-
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.

3 439
-
3 439
-
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.

2 060
-
11 741
-
total
5 613
-
15 826
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 453
53 500
-
-
trade
4 083
7 678
-
-
income
4 268
8 025
-
-
surtax

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

235
441
-
-
chamber of commerce
118
155
-
-
total
8 704
16 299
-
-
Dividends
19 749
37 201
-
-
withholding
4 746
9 109
-
-
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.

261
501
-
-
total
5 007
9 610
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 324
25 909
15 826
20 145
After tax
34 176
27 591
37 674
33 355
Living cost
19 435
19 435
19 435
19 435
Free-cash
14 741
8 156
18 239
13 920

Estimated living cost  is ₴19435 per week

₴13406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2091
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.
₴3655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9888
₴8774
₴6921
₴6921
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
4 824
income
-
-
-
13 080
total
-
-
-
17 904
Employee
39 376
-
53 500
-
social contributions
3 271
-
4 824
-
income
7 430
-
13 080
-
total
10 701
-
17 904
-
Employer
39 376
-
53 500
-
total
-
-
-
-
Corporate
14 124
53 500
-
-
income
1 765
6 688
-
-
total
1 765
6 688
-
-
Dividends
12 358
46 812
-
-
withholding
2 471
9 363
-
-
total
2 471
9 363
-
-
Income
53 500
53 500
53 500
53 500
Total tax
14 937
16 051
17 904
17 904
After tax
38 563
37 449
35 596
35 596
Living cost
28 675
28 675
28 675
28 675
Free-cash
9 888
8 774
6 921
6 921

Estimated living cost  is ₴28675 per week

₴21816
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴274
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4249
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15601
₴13843
₴21067
₴17835
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
health

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

-
-
-
3 063
income
-
-
-
14 329
total
-
-
-
17 392
Employee
23 093
-
51 184
-
social contributions
2 314
-
2 316
-
income
2 506
-
9 528
-
total
4 820
-
11 844
-
Employer
23 093
-
51 184
-
social contributions
2 314
-
2 316
-
total
2 314
-
2 316
-
Corporate
28 094
53 500
-
-
income
9 833
18 725
-
-
total
9 833
18 725
-
-
Dividends
18 261
34 775
-
-
social contributions
2 659
2 659
-
-
total
2 659
2 659
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 626
21 384
14 160
17 392
After tax
33 874
32 116
39 340
36 108
Living cost
18 273
18 273
18 273
18 273
Free-cash
15 601
13 843
21 067
17 835

Estimated living cost  is ₴18273 per week

₴12037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1441
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4516
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18813
₴20227
₴14788
₴19569
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 672
pensions
-
-
-
3 792
total
-
-
-
15 464
Employee
25 348
-
47 051
-
health
331
-
775
-
pensions
1 935
-
4 539
-
income
4 616
-
8 482
-
total
6 882
-
13 796
-
Employer
25 348
-
47 051
-
pensions
2 561
-
5 556
-
health
482
-
893
-
total
3 043
-
6 449
-
Corporate
25 109
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.

4 770
10 165
-
-
total
4 770
10 165
-
-
Dividends
20 339
43 335
-
-
withholding
1 525
4 641
-
-
total
1 525
4 641
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 220
14 806
20 245
15 464
After tax
37 280
38 694
33 255
38 036
Living cost
18 467
18 467
18 467
18 467
Free-cash
18 813
20 227
14 788
19 569

Estimated living cost  is ₴18467 per week

₴12668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2456
-₴7906
₴15521
₴24467
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other
-
-
-
190
income
-
-
-
13 216
pensions
-
-
-
2 138
accident
-
-
-
130
health
-
-
-
1 120
total
-
-
-
16 794
Employee
19 252
-
45 947
-
health
2 204
-
5 261
-
pensions
2 168
-
3 920
-
income
2 641
-
9 006
-
total
7 013
-
18 187
-
Employer
19 252
-
45 947
-
accident
321
-
767
-
pensions
3 130
-
5 660
-
unemployment
472
-
1 126
-
total
3 923
-
7 553
-
Corporate
30 325
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.

27 293
48 150
-
-
total
27 293
48 150
-
-
Dividends
3 032
5 350
-
-
withholding
576
1 017
-
-
total
576
1 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
38 805
49 167
25 740
16 794
After tax
14 695
4 333
27 760
36 706
Living cost
12 239
12 239
12 239
12 239
Free-cash
2 456
-7 906
15 521
24 467

Estimated living cost  is ₴12239 per week

₴8982
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴713
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.
₴2297
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36228
₴38221
₴27343
₴23699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 289
pensions
-
-
-
9 844
health insurance
-
-
-
3 959
work injury
-
-
-
268
total
-
-
-
23 002
Employee

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

10 879
-
53 500
-
health insurance
805
-
2 979
-
unemployment
131
-
483
-
work injury
54
-
201
-
pensions
2 002
-
7 406
-
income
1 088
-
8 289
-
total
4 080
-
19 358
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 621
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
42 621
52 965
-
-
withholding
6 393
7 945
-
-
total
6 393
7 945
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 473
8 480
19 358
23 002
After tax
43 027
45 020
34 142
30 498
Living cost
6 799
6 799
6 799
6 799
Free-cash
36 228
38 221
27 343
23 699

Estimated living cost  is ₴6799 per week

₴4212
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.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1881
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5838
₴8127
₴4199
₴6645
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 098
social contributions
-
-
-
13 760
municipal
-
-
-
357
national
-
-
-
11 586
total
-
-
-
26 801
Employee
42 419
-
53 500
-
national
7 168
-
9 959
-
regional
640
-
929
-
municipal
253
-
319
-
social contributions
14 303
-
18 040
-
total
22 364
-
29 247
-
Employer
42 419
-
53 500
-
total
-
-
-
-
Corporate
11 081
53 500
-
-
nationa
2 659
12 840
-
-
municipal
534
2 578
-
-
total
3 193
15 418
-
-
Dividends
7 888
38 082
-
-
withholding
2 051
9 901
-
-
total
2 051
9 901
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 608
25 319
29 247
26 801
After tax
25 892
28 181
24 253
26 699
Living cost
20 054
20 054
20 054
20 054
Free-cash
5 838
8 127
4 199
6 645

Estimated living cost  is ₴20054 per week

₴14087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1379
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.
₴4284
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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