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
₴17598
₴22626
₴12168
₴17795
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
health

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

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

-
-
-
3 354
trade
-
-
-
4 831
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.

-
-
-
11 991
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.

-
-
-
660
total
-
-
-
20 836
Employee

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

18 776
-
53 500
-
health

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

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

3 354
-
3 354
-
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.

524
-
11 991
-
surtax

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

29
-
660
-
total
3 907
-
16 005
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 724
53 500
-
-
income
5 208
8 025
-
-
chamber of commerce
125
152
-
-
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.

287
442
-
-
trade
5 469
8 426
-
-
total
11 089
17 045
-
-
Dividends
23 634
36 456
-
-
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.

315
491
-
-
withholding
5 722
8 927
-
-
total
6 037
9 418
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 033
26 463
16 005
20 836
After tax
32 467
27 037
37 495
32 664
Living cost
14 869
14 869
14 869
14 869
Free-cash
17 598
12 168
22 626
17 795

Estimated living cost  is ₴14869 per week

₴9353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7250
₴6921
₴7676
₴6501
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
575
municipal
-
-
-
5 607
pensions
-
-
-
6 420
national
-
-
-
8 689
total
-
-
-
21 291
Employee
39 853
-
46 250
-
pensions
1 594
-
1 850
-
municipal
4 922
-
5 814
-
national
7 628
-
9 010
-
total
14 144
-
16 674
-
Employer
39 853
-
46 250
-
pensions
3 188
-
3 700
-
social contributions
428
-
497
-
total
3 616
-
4 197
-
Corporate
7 400
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%.

1 480
10 700
-
-
total
1 480
10 700
-
-
Dividends
5 920
42 800
-
-
withholding
1 302
9 416
-
-
total
1 302
9 416
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 542
20 116
20 871
21 291
After tax
32 958
33 384
32 629
32 209
Living cost
25 708
25 708
25 708
25 708
Free-cash
7 250
7 676
6 921
6 501

Estimated living cost  is ₴25708 per week

₴17474
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2390
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴385
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5460
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28560
₴19891
₴32587
₴18296
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
53 500
social contributions

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

-
-
-
17 201
income
-
-
-
7 790
surtax
-
-
-
-
microenterprise
-
-
-
-
total
-
-
-
24 991
Employee
14 344
-
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.

1 578
-
4 743
-
income
2 553
-
8 267
-
surtax
-
-
-
-
total
4 131
-
13 010
-
Employer
14 344
-
43 114
-
surtax
-
-
-
-
social contributions

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

3 455
-
10 386
-
total
3 455
-
10 386
-
Corporate
35 700
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%.

7 141
10 700
-
-
total
7 141
10 700
-
-
Dividends

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

28 560
42 800
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
14 727
10 700
23 396
24 991
After tax
38 773
42 800
30 104
28 509
Living cost
10 213
10 213
10 213
10 213
Free-cash
28 560
32 587
19 891
18 296

Estimated living cost  is ₴10213 per week

₴6515
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2424
₴6670
₴5430
₴9857
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
6 053
income
-
-
-
11 273
pensions
-
-
-
5 752
total
-
-
-
23 078
Employee
41 921
41 921
45 528
-
pensions
7 546
5 752
5 752
-
health
6 434
5 473
5 679
-
income

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

6 862
6 862
6 862
-
total
20 842
18 087
18 293
-
Employer
41 921
41 921
45 528
-
pensions
2 918
2 918
3 168
-
health
2 914
2 914
3 165
-
unemployment
1 509
1 509
1 639
-
total
7 341
7 341
7 972
-
Corporate
4 752
4 238
-
-
income
950
848
-
-
total
950
848
-
-
Dividends
3 802
3 390
-
-
income
808
720
-
-
withholding
570
509
-
-
total
1 378
1 229
-
-
Income
53 500
53 500
53 500
53 500
Total tax
30 511
27 505
26 265
23 078
After tax
22 989
25 995
27 235
30 422
Living cost
20 565
20 565
20 565
20 565
Free-cash
2 424
5 430
6 670
9 857

Estimated living cost  is ₴20565 per week

₴14574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1854
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3810
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8535
₴8348
₴8989
₴8314
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
accident
-
-
-
89
health
-
-
-
2 765
municipal
-
-
-
12 125
pensions
-
-
-
4 791
other
-
-
-
5 150
unemployment
-
-
-
44
national
-
-
-
-
total
-
-
-
24 964
Employee
28 814
-
40 709
-
municipal
8 592
-
12 139
-
national
-
-
-
-
total
8 592
-
12 139
-
Employer
28 814
-
40 709
-
pensions
3 115
-
4 401
-
other
3 348
-
4 730
-
health
1 772
-
2 504
-
unemployment
761
-
1 075
-
accident
58
-
81
-
total
9 054
-
12 791
-
Corporate
15 632
53 500
-
-
income
3 439
11 770
-
-
total
3 439
11 770
-
-
Dividends
12 193
41 730
-
-
withholding
3 658
12 519
-
-
total
3 658
12 519
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 743
24 289
24 930
24 964
After tax
28 757
29 211
28 570
28 536
Living cost
20 222
20 222
20 222
20 222
Free-cash
8 535
8 989
8 348
8 314

Estimated living cost  is ₴20222 per week

₴13402
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1984
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14375
₴18210
₴7476
₴13164
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
health

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

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

-
-
-
3 354
trade
-
-
-
5 046
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.

-
-
-
11 991
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.

-
-
-
660
total
-
-
-
21 051
Employee

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

24 895
-
53 500
-
health

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

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

3 354
-
3 354
-
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.

2 139
-
11 991
-
surtax

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

117
-
660
-
total
5 610
-
16 005
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 605
53 500
-
-
income
4 291
8 025
-
-
chamber of commerce
116
151
-
-
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.

236
442
-
-
trade
4 705
8 801
-
-
total
9 348
17 419
-
-
Dividends
19 258
36 082
-
-
surtax

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

254
486
-
-
withholding
4 628
8 834
-
-
total
4 882
9 320
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 840
26 739
16 005
21 051
After tax
33 660
26 761
37 495
32 449
Living cost
19 285
19 285
19 285
19 285
Free-cash
14 375
7 476
18 210
13 164

Estimated living cost  is ₴19285 per week

₴12898
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
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.
₴4065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21180
₴21376
₴23213
₴21711
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 943
health
-
-
-
1 364
income
-
-
-
6 560
total
-
-
-
15 867
Employee
37 748
37 748
48 570
-
health
375
642
825
-
social contributions
1 834
3 133
4 031
-
income
3 964
3 494
6 416
-
total
6 173
7 269
11 272
-
Employer
37 748
37 748
48 570
-
health
409
699
899
-
social contributions
1 834
3 133
4 031
-
total
2 243
3 832
4 930
-
Corporate
29 161
11 920
-
-
income
3 645
1 491
-
-
total
3 645
1 491
-
-
Dividends
25 516
10 430
-
-
withholding
4 337
1 773
-
-
total
4 337
1 773
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 398
14 365
16 202
15 867
After tax
37 102
39 135
37 298
37 633
Living cost
15 922
15 922
15 922
15 922
Free-cash
21 180
23 213
21 376
21 711

Estimated living cost  is ₴15922 per week

₴10885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1244
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21267
₴21967
₴21079
₴28015
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
3 745
income
-
-
-
6 540
pensions
-
-
-
5 350
unemployment
-
-
-
803
total
-
-
-
16 438
Employee

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

The minimum wage is 138,000 HUF per month.

13 059
5 197
44 770
-
unemployment
196
78
672
-
pensions
1 306
520
4 477
-
health
914
364
3 134
-
income
1 596
635
5 473
-
total
4 012
1 597
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.

13 059
5 197
44 770
-
pensions
2 547
1 013
8 730
-
total
2 547
1 013
8 730
-
Corporate
37 894
47 289
-
-
income
3 410
4 256
-
-
total
3 410
4 256
-
-
Dividends
34 484
43 033
-
-
social contributions
6 665
8 332
-
-
withholding
6 552
8 176
-
-
total
13 217
16 508
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 186
23 374
22 486
16 438
After tax
30 314
30 126
31 014
37 062
Living cost
9 047
9 047
9 047
9 047
Free-cash
21 267
21 079
21 967
28 015

Estimated living cost  is ₴9047 per week

₴6174
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1952
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27892
₴18980
₴30943
₴16819
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
6 955
income
-
-
-
7 169
pensions
-
-
-
10 700
total
-
-
-
24 824
Employee
13 926
-
39 985
-
unemployment
223
-
640
-
pensions
279
-
799
-
income
1 568
-
7 709
-
total
2 070
-
9 148
-
Employer
13 926
-
39 985
-
pensions
2 785
-
7 997
-
health
1 810
-
5 198
-
unemployment
112
-
320
-
total
4 707
-
13 515
-
Corporate
34 867
53 500
-
-
income
6 974
10 700
-
-
total
6 974
10 700
-
-
Dividends
27 893
42 800
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
13 751
10 700
22 663
24 824
After tax
39 749
42 800
30 837
28 676
Living cost
11 857
11 857
11 857
11 857
Free-cash
27 892
30 943
18 980
16 819

Estimated living cost  is ₴11857 per week

₴8133
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2658
₴16939
-₴6593
₴25769
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
accident
-
-
-
125
health
-
-
-
1 083
income
-
-
-
13 345
pensions
-
-
-
2 067
other
-
-
-
184
total
-
-
-
16 804
Employee
17 189
-
46 128
-
pensions
1 935
-
3 789
-
health
1 968
-
5 282
-
income
2 358
-
9 191
-
total
6 261
-
18 262
-
Employer
17 189
-
46 128
-
pensions
2 795
-
5 472
-
unemployment
421
-
1 130
-
accident
287
-
770
-
total
3 503
-
7 372
-
Corporate
32 808
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.

29 528
48 150
-
-
total
29 528
48 150
-
-
Dividends
3 281
5 350
-
-
withholding
623
1 016
-
-
total
623
1 016
-
-
Income
53 500
53 500
53 500
53 500
Total tax
39 915
49 166
25 634
16 804
After tax
13 585
4 334
27 866
36 696
Living cost
10 927
10 927
10 927
10 927
Free-cash
2 658
-6 593
16 939
25 769

Estimated living cost  is ₴10927 per week

₴8008
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴605
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2085
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46024
₴38757
₴46782
₴48922
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 054
-
53 500
-
income
1 011
-
10 700
-
total
1 011
-
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%.

48 446
53 500
-
-
total
-
-
-
-
Dividends
48 446
53 500
-
-
withholding
2 422
2 675
-
-
total
2 422
2 675
-
-
Income
53 500
53 500
53 500
53 500
Total tax
3 433
2 675
10 700
535
After tax
50 067
50 825
42 800
52 965
Living cost
4 043
4 043
4 043
4 043
Free-cash
46 024
46 782
38 757
48 922

Estimated living cost  is ₴4043 per week

₴2506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴336
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1090
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22909
₴18031
₴26225
₴15820
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
2 354
income
-
-
-
6 864
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
other
-
-
-
2 541
total
-
-
-
24 599
Employee
17 824
-
42 731
-
unemployment
178
-
428
-
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.

1 247
-
2 991
-
health
250
-
598
-
income
3 069
-
7 602
-
total
4 744
-
11 619
-
Employer
17 824
-
42 731
-
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.

3 030
-
7 264
-
other
892
-
2 137
-
health
250
-
598
-
unemployment
178
-
428
-
accident
143
-
342
-
total
4 493
-
10 769
-
Corporate
31 184
53 500
-
-
income
6 549
11 235
-
-
total
6 549
11 235
-
-
Dividends
24 635
42 265
-
-
withholding
1 724
2 959
-
-
total
1 724
2 959
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 510
14 194
22 388
24 599
After tax
35 990
39 306
31 112
28 901
Living cost
13 081
13 081
13 081
13 081
Free-cash
22 909
26 225
18 031
15 820

Estimated living cost  is ₴13081 per week

₴9242
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2744
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1376
₴818
₴6259
₴5699
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 990
pensions
-
-
-
3 698
total
-
-
-
15 688
Employee
45 435
-
47 023
-
pensions
4 383
-
4 574
-
health
749
-
781
-
income
8 190
-
8 736
-
total
13 322
-
14 091
-
Employer
45 435
-
47 023
-
pensions
5 365
-
5 584
-
health
863
-
894
-
total
6 228
-
6 478
-
Corporate
1 837
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.

349
10 165
-
-
total
349
10 165
-
-
Dividends
1 488
43 335
-
-
withholding
112
4 963
-
-
total
112
4 963
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 011
15 128
20 569
15 688
After tax
33 489
38 372
32 931
37 812
Living cost
32 113
32 113
32 113
32 113
Free-cash
1 376
6 259
818
5 699

Estimated living cost  is ₴32113 per week

₴24063
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4016
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴37011
₴36183
₴39296
₴34442
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
1 975
income
-
-
-
8 025
pensions

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

-
-
-
2 542
unemployment
-
-
-
69
total
-
-
-
12 611
Employee
8 536
-
50 130
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

749
-
1 508
-
health
393
-
790
-
income
854
-
5 013
-
total
2 090
-
7 500
-
Employer
8 536
-
50 130
-
pensions

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

941
-
1 893
-
health
589
-
1 185
-
unemployment
51
-
103
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
total
1 675
-
3 370
-
Corporate
43 289
53 500
-
-
income
4 329
5 350
-
-
total
4 329
5 350
-
-
Dividends
38 960
48 150
-
-
withholding
1 948
2 407
-
-
total
1 948
2 407
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 042
7 757
10 870
12 611
After tax
43 458
45 743
42 630
40 889
Living cost
6 447
6 447
6 447
6 447
Free-cash
37 011
39 296
36 183
34 442

Estimated living cost  is ₴6447 per week

₴3764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴460
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2052
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9
₴14
-₴1226
₴3201
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
6 053
income
-
-
-
11 273
pensions
-
-
-
5 752
total
-
-
-
23 078
Employee
45 513
41 921
45 528
-
pensions
5 752
5 752
5 752
-
health
5 678
5 473
5 679
-
income

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

6 862
6 862
6 862
-
total
18 292
18 087
18 293
-
Employer
45 513
41 921
45 528
-
pensions
3 167
2 918
3 168
-
health
3 163
2 914
3 165
-
unemployment
1 639
1 509
1 639
-
total
7 969
7 341
7 972
-
Corporate
19
4 238
-
-
income
4
848
-
-
total
4
848
-
-
Dividends
15
3 390
-
-
income
3
720
-
-
withholding
2
509
-
-
total
5
1 229
-
-
Income
53 500
53 500
53 500
53 500
Total tax
26 270
27 505
26 265
23 078
After tax
27 230
25 995
27 235
30 422
Living cost
27 221
27 221
27 221
27 221
Free-cash
9
-1 226
14
3 201

Estimated living cost  is ₴27221 per week

₴20080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4398
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20298
₴14962
₴24647
₴13870
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
15 622
health
-
-
-
7 222
income
-
-
-
4 598
solidarity contribution
-
-
-
-
total
-
-
-
27 442
Employee
17 923
-
39 925
-
solidarity contribution
-
-
-
-
health
2 420
-
5 390
-
social contributions
1 165
-
2 595
-
income
2 151
-
4 791
-
total
5 736
-
12 776
-
Employer
17 923
-
39 925
-
health
1 613
-
3 593
-
social contributions
4 481
-
9 981
-
total
6 094
-
13 574
-
Corporate
29 483
53 500
-
-
income
5 602
10 165
-
-
total
5 602
10 165
-
-
Dividends
23 881
43 335
-
-
withholding
3 582
6 500
-
-
total
3 582
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 014
16 665
26 350
27 442
After tax
32 486
36 835
27 150
26 058
Living cost
12 188
12 188
12 188
12 188
Free-cash
20 298
24 647
14 962
13 870

Estimated living cost  is ₴12188 per week

₴8466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴867
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5267
₴3891
₴7830
₴6437
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
13 760
municipal
-
-
-
318
regional
-
-
-
598
national
-
-
-
11 673
total
-
-
-
26 349
Employee
43 628
-
53 500
-
regional
412
-
524
-
municipal
231
-
284
-
national
7 560
-
10 047
-
social contributions
14 711
-
18 040
-
total
22 914
-
28 895
-
Employer
43 628
-
53 500
-
total
-
-
-
-
Corporate
9 872
53 500
-
-
municipal
385
2 087
-
-
nationa
2 369
12 840
-
-
total
2 754
14 927
-
-
Dividends
7 118
38 573
-
-
withholding
1 851
10 029
-
-
total
1 851
10 029
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 519
24 956
28 895
26 349
After tax
25 981
28 544
24 605
27 151
Living cost
20 714
20 714
20 714
20 714
Free-cash
5 267
7 830
3 891
6 437

Estimated living cost  is ₴20714 per week

₴14439
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4598
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21291
₴15197
₴22818
₴16093
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
3 798
income
-
-
-
10 607
surtax
-
-
-
1 357
pensions
-
-
-
10 700
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
26 574
Employee
16 234
-
44 196
-
unemployment
1 130
-
3 076
-
pensions
1 082
-
2 948
-
health
415
-
1 127
-
income
2 721
-
9 795
-
other
-
-
-
-
surtax
53
-
1 221
-
total
5 401
-
18 167
-
Employer
16 234
-
44 196
-
pensions
2 164
-
5 891
-
other
-
-
-
-
health
739
-
2 011
-
unemployment
514
-
1 401
-
total
3 417
-
9 303
-
Corporate
33 849
53 500
-
-
income
8 801
13 910
-
-
total
8 801
13 910
-
-
Dividends
25 049
39 590
-
-
withholding
3 757
5 939
-
-
total
3 757
5 939
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 376
19 849
27 470
26 574
After tax
32 124
33 651
26 030
26 926
Living cost
10 833
10 833
10 833
10 833
Free-cash
21 291
22 818
15 197
16 093

Estimated living cost  is ₴10833 per week

₴6624
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14369
₴10992
₴16433
₴15873
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 990
pensions
-
-
-
3 698
total
-
-
-
15 688
Employee
30 450
-
47 023
-
pensions
2 584
-
4 574
-
health
442
-
781
-
income
5 484
-
8 736
-
total
8 510
-
14 091
-
Employer
30 450
-
47 023
-
pensions
3 296
-
5 584
-
health
578
-
894
-
total
3 874
-
6 478
-
Corporate
19 176
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.

3 643
10 165
-
-
total
3 643
10 165
-
-
Dividends
15 533
43 335
-
-
withholding
1 165
4 963
-
-
total
1 165
4 963
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 192
15 128
20 569
15 688
After tax
36 308
38 372
32 931
37 812
Living cost
21 939
21 939
21 939
21 939
Free-cash
14 369
16 433
10 992
15 873

Estimated living cost  is ₴21939 per week

₴16436
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1644
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2109
₴2818
-₴14609
₴5472
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
127
pensions
-
-
-
4 922
other

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

-
-
-
1 070
regional
-
-
-
1 899
city
-
-
-
564
national
-
-
-
372
total
-
-
-
8 954
Employee
45 727
-
47 886
-
unemployment
-
-
-
-
pensions
3 842
-
4 022
-
regional
1 497
-
1 615
-
national
216
-
263
-
health
103
-
107
-
city
491
-
515
-
total
6 149
-
6 522
-
Employer
45 727
-
47 886
-
pensions
3 842
-
4 022
-
other

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

914
-
957
-
health
103
-
107
-
unemployment
-
-
-
-
total
4 859
-
5 086
-
Corporate
2 411
53 500
-
-
regional
510
11 315
-
-
national
205
4 547
-
-
total
715
15 862
-
-
Dividends
1 696
37 637
-
-
withholding
594
13 173
-
-
total
594
13 173
-
-
Income
53 500
53 500
53 500
53 500
Total tax
12 317
29 035
11 608
8 954
After tax
41 183
24 465
41 892
44 546
Living cost
39 074
39 074
39 074
39 074
Free-cash
2 109
-14 609
2 818
5 472

Estimated living cost  is ₴39074 per week

₴25410
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3506
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴480
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴11959
₴15007
₴3998
₴9746
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
health

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

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

-
-
-
3 354
trade
-
-
-
5 261
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.

-
-
-
11 991
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.

-
-
-
660
total
-
-
-
21 266
Employee

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

29 502
-
53 500
-
health

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

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

3 354
-
3 354
-
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.

3 469
-
11 991
-
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.

191
-
660
-
total
7 014
-
16 005
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
23 998
53 500
-
-
income
3 600
8 025
-
-
chamber of commerce
108
150
-
-
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.

198
442
-
-
trade
4 116
9 175
-
-
total
8 022
17 792
-
-
Dividends
15 976
35 709
-
-
surtax

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

210
481
-
-
withholding
3 807
8 741
-
-
total
4 017
9 222
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 053
27 014
16 005
21 266
After tax
34 447
26 486
37 495
32 234
Living cost
22 488
22 488
22 488
22 488
Free-cash
11 959
3 998
15 007
9 746

Estimated living cost  is ₴22488 per week

₴16425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1799
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.
₴3973
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13069
₴16244
₴10169
₴13888
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 524
health
-
-
-
1 232
income
-
-
-
5 720
surtax
-
-
-
-
pensions
-
-
-
12 683
other
-
-
-
1 658
total
-
-
-
22 817
Employee
21 010
-
43 194
-
pensions
2 376
-
2 215
-
social contributions
599
-
1 231
-
income
1 240
-
6 708
-
surtax
-
-
-
-
total
4 215
-
10 154
-
Employer
21 010
-
43 194
-
pensions
3 451
-
3 872
-
other
725
-
1 491
-
health
1 471
-
3 065
-
unemployment
851
-
1 750
-
social contributions
63
-
129
-
total
6 561
-
10 307
-
Corporate
25 929
53 500
-
-
income
7 260
14 980
-
-
surtax
-
-
-
-
total
7 260
14 980
-
-
Dividends
18 669
38 520
-
-
surtax
-
-
-
-
social contributions
3 211
6 625
-
-
withholding
2 389
4 931
-
-
total
5 600
11 556
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 636
26 536
20 461
22 817
After tax
29 864
26 964
33 039
30 683
Living cost
16 795
16 795
16 795
16 795
Free-cash
13 069
10 169
16 244
13 888

Estimated living cost  is ₴16795 per week

₴10590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14560
₴17908
₴11833
₴15552
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 524
health
-
-
-
1 232
income
-
-
-
5 720
surtax
-
-
-
-
pensions
-
-
-
12 683
other
-
-
-
1 658
total
-
-
-
22 817
Employee
18 754
-
43 194
-
pensions
2 121
-
2 215
-
social contributions
535
-
1 231
-
income
967
-
6 708
-
surtax
-
-
-
-
total
3 623
-
10 154
-
Employer
18 754
-
43 194
-
pensions
3 082
-
3 872
-
other
647
-
1 491
-
health
1 313
-
3 065
-
unemployment
759
-
1 750
-
social contributions
56
-
129
-
total
5 857
-
10 307
-
Corporate
28 889
53 500
-
-
income
8 089
14 980
-
-
surtax
-
-
-
-
total
8 089
14 980
-
-
Dividends
20 800
38 520
-
-
surtax
-
-
-
-
social contributions
3 578
6 625
-
-
withholding
2 662
4 931
-
-
total
6 240
11 556
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 809
26 536
20 461
22 817
After tax
29 691
26 964
33 039
30 683
Living cost
15 131
15 131
15 131
15 131
Free-cash
14 560
11 833
17 908
15 552

Estimated living cost  is ₴15131 per week

₴8775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1537
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.
₴4532
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22485
₴23813
₴22231
₴23948
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
7 383
health
-
-
-
3 735
income
-
-
-
8 025
total
-
-
-
19 143
Employee
16 644
-
53 500
-
health
1 162
-
3 735
-
social contributions
2 297
-
7 383
-
income
2 776
-
8 160
-
total
6 235
-
19 278
-
Employer
16 644
-
53 500
-
total
-
-
-
-
Corporate
36 856
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%.

1 843
2 675
-
-
total
1 843
2 675
-
-
Dividends
35 013
50 825
-
-
health
2 444
3 547
-
-
social contributions
4 832
7 014
-
-
withholding
5 252
7 624
-
-
total
12 528
18 185
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 606
20 860
19 278
19 143
After tax
32 894
32 640
34 222
34 357
Living cost
10 409
10 409
10 409
10 409
Free-cash
22 485
22 231
23 813
23 948

Estimated living cost  is ₴10409 per week

₴6966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11859
-₴1635
₴12618
₴9431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
4 092
surtax
-
-
-
97
income
-
-
-
9 461
chamber of commerce
-
-
-
214
pensions
-
-
-
9 897
unemployment
-
-
-
3 011
total
-
-
-
26 772
Employee
24 533
19 563
41 469
-
unemployment
736
587
1 244
-
pensions
2 512
2 003
4 246
-
health
949
757
1 605
-
income
2 793
1 443
8 394
-
other
245
196
415
-
total
7 235
4 986
15 904
-
Employer
24 533
19 563
41 469
-
chamber of commerce
98
78
166
-
pensions
3 079
2 456
5 205
-
other
1 165
929
1 969
-
health
927
740
1 568
-
unemployment
736
587
1 244
-
accident
319
254
539
-
surtax
97
97
97
-
payroll
736
587
1 244
-
total
7 157
5 728
12 032
-
Corporate
21 811
28 210
39 606
-
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.

5 453
7 052
9 902
-
total
5 453
7 052
9 902
-
Dividends
16 358
21 158
-
-
withholding
4 499
5 819
-
-
total
4 499
5 819
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 344
23 585
37 838
26 772
After tax
29 156
29 915
15 662
26 728
Living cost
17 297
17 297
17 297
17 297
Free-cash
11 859
12 618
-1 635
9 431

Estimated living cost  is ₴17297 per week

₴11537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4001
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4727
₴2693
₴12090
₴6691
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 584
communal

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

-
-
-
2 695
national
-
-
-
17 631
total
-
-
-
28 910
Employee

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

35 114
-
41 439
-
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.

306
-
361
-
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.

2 634
-
3 108
-
national
10 796
-
13 269
-
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.

1 650
-
1 948
-
communal

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

1 831
-
2 161
-
total
17 217
-
20 847
-
Employer

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

35 114
-
41 439
-
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.

3 111
-
3 671
-
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.

2 159
-
2 548
-
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.

512
-
605
-
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.

456
-
538
-
surtax
3 982
-
4 699
-
total
10 220
-
12 061
-
Corporate
8 164
53 500
-
-
income
1 633
10 700
-
-
surtax
33
214
-
-
total
1 666
10 914
-
-
Dividends
6 499
42 586
-
-
withholding

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

1 771
12 597
-
-
total
1 771
12 597
-
-
Income
53 500
53 500
53 500
53 500
Total tax
30 874
23 511
32 908
28 910
After tax
22 626
29 989
20 592
24 590
Living cost
17 899
17 899
17 899
17 899
Free-cash
4 727
12 090
2 693
6 691

Estimated living cost  is ₴17899 per week

₴11529
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1565
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.
₴4525
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14399
₴10211
₴18309
₴11381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
accident
-
-
-
410
income
-
-
-
10 740
pensions
-
-
-
12 876
other
-
-
-
46
unemployment
-
-
-
319
total
-
-
-
24 391
Employee
24 436
-
40 568
-
unemployment
379
-
629
-
pensions
1 149
-
1 907
-
income
5 156
-
10 052
-
other
24
-
41
-
total
6 708
-
12 629
-
Employer
24 436
-
40 568
-
pensions
5 766
-
9 574
-
other
195
-
324
-
unemployment
1 344
-
2 231
-
accident
483
-
803
-
total
7 788
-
12 932
-
Corporate
21 275
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.

3 192
8 025
-
-
total
3 192
8 025
-
-
Dividends
18 084
45 475
-
-
withholding
3 685
9 438
-
-
total
3 685
9 438
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 373
17 463
25 561
24 391
After tax
32 127
36 037
27 939
29 109
Living cost
17 728
17 728
17 728
17 728
Free-cash
14 399
18 309
10 211
11 381

Estimated living cost  is ₴17728 per week

₴13055
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3160
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2351
₴5589
₴5910
₴3329
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
accident
-
-
-
451
health
-
-
-
3 759
income
-
-
-
5 230
surtax
-
-
-
2 652
pensions
-
-
-
8 019
communal
-
-
-
3 382
total
-
-
-
23 493
Employee
37 176
-
47 789
-
pensions
2 974
-
3 823
-
health
1 654
-
2 126
-
income
3 591
-
6 645
-
surtax
2 279
-
2 929
-
total
10 498
-
15 523
-
Employer
37 176
-
47 789
-
pensions
2 974
-
3 823
-
health
1 134
-
1 457
-
accident
334
-
430
-
total
4 442
-
5 710
-
Corporate
11 883
53 500
-
-
income
1 782
8 025
-
-
communal
-
3 611
-
-
surtax
125
562
-
-
total
1 907
12 198
-
-
Dividends
9 976
41 303
-
-
income
6 128
2 519
-
-
withholding
1 496
6 195
-
-
total
7 624
8 714
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 471
20 912
21 233
23 493
After tax
29 029
32 588
32 267
30 007
Living cost
26 678
26 678
26 678
26 678
Free-cash
2 351
5 910
5 589
3 329

Estimated living cost  is ₴26678 per week

₴20012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1616
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.
₴4766
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21065
₴15004
₴22625
₴15900
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
3 798
income
-
-
-
10 607
surtax
-
-
-
1 357
pensions
-
-
-
10 700
other
-
-
-
-
unemployment
-
-
-
112
total
-
-
-
26 574
Employee
16 532
-
44 196
-
unemployment
1 150
-
3 076
-
pensions
1 103
-
2 948
-
health
422
-
1 127
-
income
2 771
-
9 795
-
other
-
-
-
-
surtax
59
-
1 221
-
total
5 505
-
18 167
-
Employer
16 532
-
44 196
-
pensions
2 204
-
5 891
-
other
-
-
-
-
health
752
-
2 011
-
unemployment
524
-
1 401
-
total
3 480
-
9 303
-
Corporate
33 488
53 500
-
-
income
8 707
13 910
-
-
total
8 707
13 910
-
-
Dividends
24 781
39 590
-
-
withholding
3 717
5 939
-
-
total
3 717
5 939
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 409
19 849
27 470
26 574
After tax
32 091
33 651
26 030
26 926
Living cost
11 026
11 026
11 026
11 026
Free-cash
21 065
22 625
15 004
15 900

Estimated living cost  is ₴11026 per week

₴6657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
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.
₴3155
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13806
₴11185
₴14897
₴13718
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
13 760
municipal
-
-
-
318
regional
-
-
-
807
national
-
-
-
11 673
total
-
-
-
26 558
Employee
27 231
-
53 500
-
regional
367
-
720
-
municipal
144
-
284
-
national
4 314
-
10 047
-
social contributions
9 183
-
18 040
-
total
14 008
-
29 091
-
Employer
27 231
-
53 500
-
total
-
-
-
-
Corporate
26 269
53 500
-
-
municipal
1 305
2 659
-
-
nationa
6 305
12 840
-
-
total
7 610
15 499
-
-
Dividends
18 659
38 001
-
-
withholding
4 852
9 880
-
-
total
4 852
9 880
-
-
Income
53 500
53 500
53 500
53 500
Total tax
26 470
25 379
29 091
26 558
After tax
27 030
28 121
24 409
26 942
Living cost
13 224
13 224
13 224
13 224
Free-cash
13 806
14 897
11 185
13 718

Estimated living cost  is ₴13224 per week

₴8224
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3434
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16459
₴12132
₴21817
₴11040
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
15 622
health
-
-
-
7 222
income
-
-
-
4 598
solidarity contribution
-
-
-
-
total
-
-
-
27 442
Employee
22 086
-
39 925
-
solidarity contribution
-
-
-
-
health
2 982
-
5 390
-
social contributions
1 436
-
2 595
-
income
2 650
-
4 791
-
total
7 068
-
12 776
-
Employer
22 086
-
39 925
-
health
1 988
-
3 593
-
social contributions
5 521
-
9 981
-
total
7 509
-
13 574
-
Corporate
23 905
53 500
-
-
income
4 542
10 165
-
-
total
4 542
10 165
-
-
Dividends
19 363
43 335
-
-
withholding
2 904
6 500
-
-
total
2 904
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
22 023
16 665
26 350
27 442
After tax
31 477
36 835
27 150
26 058
Living cost
15 018
15 018
15 018
15 018
Free-cash
16 459
21 817
12 132
11 040

Estimated living cost  is ₴15018 per week

₴11169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴832
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2758
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14064
₴20
₴14308
₴11164
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
4 092
surtax
-
-
-
-
income
-
-
-
9 461
chamber of commerce
-
-
-
214
pensions
-
-
-
9 897
unemployment
-
-
-
3 011
total
-
-
-
26 675
Employee
21 459
19 563
41 543
-
unemployment
644
587
1 246
-
pensions
2 198
2 003
4 254
-
health
830
757
1 608
-
income
1 912
1 443
8 420
-
other
214
196
415
-
total
5 798
4 986
15 943
-
Employer
21 459
19 563
41 543
-
chamber of commerce
86
78
166
-
pensions
2 693
2 456
5 214
-
other
1 019
929
1 973
-
health
811
740
1 571
-
unemployment
644
587
1 246
-
accident
279
254
540
-
surtax
-
-
-
-
payroll
644
587
1 246
-
total
6 176
5 631
11 956
-
Corporate
25 866
28 306
39 680
-
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.

6 466
7 076
9 920
-
total
6 466
7 076
9 920
-
Dividends
19 400
21 230
-
-
withholding
5 335
5 838
-
-
total
5 335
5 838
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 775
23 531
37 819
26 675
After tax
29 725
29 969
15 681
26 825
Living cost
15 662
15 662
15 662
15 662
Free-cash
14 064
14 308
20
11 164

Estimated living cost  is ₴15662 per week

₴9395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4388
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴43343
₴36499
₴44524
₴46664
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
microenterprise

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

-
-
-
535
total
-
-
-
535
Employee
7 876
-
53 500
-
income
1 575
-
10 700
-
total
1 575
-
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%.

45 624
53 500
-
-
total
-
-
-
-
Dividends
45 624
53 500
-
-
withholding
2 281
2 675
-
-
total
2 281
2 675
-
-
Income
53 500
53 500
53 500
53 500
Total tax
3 856
2 675
10 700
535
After tax
49 644
50 825
42 800
52 965
Living cost
6 301
6 301
6 301
6 301
Free-cash
43 343
44 524
36 499
46 664

Estimated living cost  is ₴6301 per week

₴4264
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴264
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19562
₴12786
₴23667
₴14320
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
53 500
health
-
-
-
5 264
income
-
-
-
10 899
pensions
-
-
-
9 770
unemployment
-
-
-
80
total
-
-
-
26 013
Employee

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

21 708
-
46 291
-
unemployment
31
-
65
-
pensions
3 365
-
7 175
-
health
1 402
-
2 990
-
income
3 743
-
10 108
-
total
8 541
-
20 338
-
Employer

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

21 708
-
46 291
-
pensions
1 921
-
4 097
-
health
1 446
-
3 084
-
unemployment
13
-
28
-
total
3 380
-
7 209
-
Corporate
28 412
53 500
-
-
income
5 398
10 165
-
-
total
5 398
10 165
-
-
Dividends
23 014
43 335
-
-
withholding
3 452
6 501
-
-
total
3 452
6 501
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 771
16 666
27 547
26 013
After tax
32 729
36 834
25 953
27 487
Living cost
13 167
13 167
13 167
13 167
Free-cash
19 562
23 667
12 786
14 320

Estimated living cost  is ₴13167 per week

₴9036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3032
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴20427
₴25584
₴11155
₴15579
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 675
-
-
-
social contributions
2 515
-
358
-
income
6 766
-
-
-
total
9 281
-
358
-
Employer
30 675
-
-
-
social contributions
43 252
-
6 164
-
total
43 252
-
6 164
-
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
52 533
20 951
6 522
16 527
After tax
967
32 549
46 978
36 973
Living cost
21 394
21 394
21 394
21 394
Free-cash
-20 427
11 155
25 584
15 579

Estimated living cost  is ₴21394 per week

₴13881
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5228
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14538
₴11313
₴15033
₴14311
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 591
income
-
-
-
5 200
surtax
-
-
-
-
total
-
-
-
23 791
Employee
22 578
-
43 232
-
social contributions
2 484
-
4 756
-
income
4 696
-
11 765
-
surtax
-
-
-
-
total
7 180
-
16 521
-
Employer
22 578
-
43 232
-
social contributions
5 362
-
10 268
-
total
5 362
-
10 268
-
Corporate
25 560
53 500
-
-
income
5 368
11 235
-
-
surtax
-
-
-
-
total
5 368
11 235
-
-
Dividends
20 192
42 265
-
-
withholding
5 654
11 834
-
-
total
5 654
11 834
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 564
23 069
26 789
23 791
After tax
29 936
30 431
26 711
29 709
Living cost
15 398
15 398
15 398
15 398
Free-cash
14 538
15 033
11 313
14 311

Estimated living cost  is ₴15398 per week

₴11521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6627
₴9329
₴3254
₴6973
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 524
health
-
-
-
1 232
income
-
-
-
5 720
surtax
-
-
-
-
pensions
-
-
-
12 683
other
-
-
-
1 658
total
-
-
-
22 817
Employee
30 746
-
43 194
-
pensions
3 478
-
2 215
-
social contributions
876
-
1 231
-
income
2 683
-
6 708
-
surtax
-
-
-
-
total
7 037
-
10 154
-
Employer
30 746
-
43 194
-
pensions
5 052
-
3 872
-
other
1 061
-
1 491
-
health
2 152
-
3 065
-
unemployment
1 246
-
1 750
-
social contributions
92
-
129
-
total
9 603
-
10 307
-
Corporate
13 151
53 500
-
-
income
3 683
14 980
-
-
surtax
-
-
-
-
total
3 683
14 980
-
-
Dividends
9 469
38 520
-
-
surtax
-
-
-
-
social contributions
1 628
6 625
-
-
withholding
1 212
4 931
-
-
total
2 840
11 556
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 163
26 536
20 461
22 817
After tax
30 337
26 964
33 039
30 683
Living cost
23 710
23 710
23 710
23 710
Free-cash
6 627
3 254
9 329
6 973

Estimated living cost  is ₴23710 per week

₴16046
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5398
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31745
₴27203
₴33394
₴25783
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 770
income
-
-
-
1 191
total
-
-
-
12 961
Employee
15 782
-
46 320
-
social contributions
1 026
-
3 011
-
income
-
-
1 350
-
total
1 026
-
4 361
-
Employer
15 782
-
46 320
-
social contributions
2 446
-
7 180
-
total
2 446
-
7 180
-
Corporate
35 272
53 500
-
-
income
3 527
5 350
-
-
total
3 527
5 350
-
-
Dividends
31 745
48 150
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
6 999
5 350
11 541
12 961
After tax
46 501
48 150
41 959
40 539
Living cost
14 756
14 756
14 756
14 756
Free-cash
31 745
33 394
27 203
25 783

Estimated living cost  is ₴14756 per week

₴9541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1112
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3825
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴53356
-₴53356
-₴53356
₴9299
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
municipal
-
-
-
10 168
pensions
-
-
-
425
labour market
-
-
-
4 246
national
-
-
-
5 742
total
-
-
-
20 581
Employee
99 693
99 693
99 693
-
pensions
142
142
142
-
municipal
21 229
21 229
21 229
-
national
12 179
12 179
12 179
-
labour market
7 964
7 964
7 964
-
total
41 514
41 514
41 514
-
Employer
99 693
99 693
99 693
-
municipal
21 263
21 263
21 263
-
pensions
283
283
283
-
national
12 201
12 201
12 201
-
labour market
7 975
7 975
7 975
-
total
41 722
41 722
41 722
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
83 236
83 236
83 236
20 581
After tax
-29 736
-29 736
-29 736
32 919
Living cost
23 620
23 620
23 620
23 620
Free-cash
-53 356
-53 356
-53 356
9 299

Estimated living cost  is ₴23620 per week

₴16166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2089
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5001
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2682
₴17100
-₴6432
₴25930
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
accident
-
-
-
125
health
-
-
-
1 083
income
-
-
-
13 345
pensions
-
-
-
2 067
other
-
-
-
184
total
-
-
-
16 804
Employee
16 935
-
46 128
-
pensions
1 907
-
3 789
-
health
1 939
-
5 282
-
income
2 323
-
9 191
-
total
6 169
-
18 262
-
Employer
16 935
-
46 128
-
pensions
2 754
-
5 472
-
unemployment
415
-
1 130
-
accident
283
-
770
-
total
3 452
-
7 372
-
Corporate
33 113
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.

29 802
48 150
-
-
total
29 802
48 150
-
-
Dividends
3 311
5 350
-
-
withholding
629
1 016
-
-
total
629
1 016
-
-
Income
53 500
53 500
53 500
53 500
Total tax
40 052
49 166
25 634
16 804
After tax
13 448
4 334
27 866
36 696
Living cost
10 766
10 766
10 766
10 766
Free-cash
2 682
-6 432
17 100
25 930

Estimated living cost  is ₴10766 per week

₴7836
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2114
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15777
₴11315
₴16388
₴18649
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
53 500
health
-
-
-
619
municipal
-
-
-
9 519
national
-
-
-
5 866
total
-
-
-
16 004
Employee
25 827
-
45 008
-
unemployment
388
-
675
-
pensions
1 743
-
3 038
-
municipal
4 230
-
7 345
-
national
427
-
3 299
-
health
193
-
488
-
total
6 981
-
14 845
-
Employer
25 827
-
45 008
-
pensions
4 481
-
7 808
-
health
198
-
347
-
unemployment
168
-
293
-
accident
26
-
45
-
total
4 873
-
8 493
-
Corporate
22 800
53 500
-
-
income
4 560
10 700
-
-
total
4 560
10 700
-
-
Dividends

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

13 680
32 100
-
-
national
-
1 787
-
-
municipal
2 462
5 778
-
-
total
2 462
7 565
-
-
Income
53 500
53 500
53 500
53 500
Total tax
18 876
18 265
23 338
16 004
After tax
34 624
35 235
30 162
37 496
Living cost
18 847
18 847
18 847
18 847
Free-cash
15 777
16 388
11 315
18 649

Estimated living cost  is ₴18847 per week

₴12311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1813
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.
₴4424
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25099
₴25932
₴27769
₴26267
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 943
health
-
-
-
1 364
income
-
-
-
6 560
total
-
-
-
15 867
Employee
37 748
37 748
48 570
-
health
293
642
825
-
social contributions
1 427
3 133
4 031
-
income
4 110
3 494
6 416
-
total
5 830
7 269
11 272
-
Employer
37 748
37 748
48 570
-
health
318
699
899
-
social contributions
1 427
3 133
4 031
-
total
1 745
3 832
4 930
-
Corporate
34 560
11 920
-
-
income
4 320
1 491
-
-
total
4 320
1 491
-
-
Dividends
30 240
10 430
-
-
withholding
5 140
1 773
-
-
total
5 140
1 773
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 035
14 365
16 202
15 867
After tax
36 465
39 135
37 298
37 633
Living cost
11 366
11 366
11 366
11 366
Free-cash
25 099
27 769
25 932
26 267

Estimated living cost  is ₴11366 per week

₴6812
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1115
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.
₴3188
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34013
₴25775
₴36510
₴35621
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
53 500
health
-
-
-
1 777
income
-
-
-
5 171
pensions
-
-
-
3 123
unemployment
-
-
-
14
total
-
-
-
10 085
Employee

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

11 268
-
48 702
-
unemployment
56
-
233
-
pensions
1 690
-
6 987
-
health
958
-
3 959
-
income
770
-
3 954
-
total
3 474
-
15 133
-
Employer

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

11 268
-
48 702
-
pensions
619
-
2 562
-
health
484
-
2 003
-
unemployment
56
-
233
-
total
1 159
-
4 798
-
Corporate
41 072
53 500
-
-
income
3 696
4 815
-
-
total
3 696
4 815
-
-
Dividends
37 376
48 685
-
-
withholding
3 364
4 381
-
-
total
3 364
4 381
-
-
Income
53 500
53 500
53 500
53 500
Total tax
11 693
9 196
19 931
10 085
After tax
41 807
44 304
33 569
43 415
Living cost
7 794
7 794
7 794
7 794
Free-cash
34 013
36 510
25 775
35 621

Estimated living cost  is ₴7794 per week

₴4973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
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.
₴2027
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19964
₴14440
₴22538
₴15610
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
accident
-
-
-
410
income
-
-
-
10 740
pensions
-
-
-
12 876
other
-
-
-
46
unemployment
-
-
-
319
total
-
-
-
24 391
Employee
18 152
-
40 568
-
unemployment
281
-
629
-
pensions
853
-
1 907
-
income
3 499
-
10 052
-
other
18
-
41
-
total
4 651
-
12 629
-
Employer
18 152
-
40 568
-
pensions
4 283
-
9 574
-
other
145
-
324
-
unemployment
999
-
2 231
-
accident
360
-
803
-
total
5 787
-
12 932
-
Corporate
29 562
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.

4 434
8 025
-
-
total
4 434
8 025
-
-
Dividends
25 127
45 475
-
-
withholding
5 165
9 438
-
-
total
5 165
9 438
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 037
17 463
25 561
24 391
After tax
33 463
36 037
27 939
29 109
Living cost
13 499
13 499
13 499
13 499
Free-cash
19 964
22 538
14 440
15 610

Estimated living cost  is ₴13499 per week

₴9112
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32265
₴33182
₴32423
₴33250
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
508
income
-
-
-
18 080
pensions
-
-
-
701
total
-
-
-
19 289
Employee
1 464
-
52 711
-
unemployment
15
-
35
-
pensions
132
-
315
-
health
73
-
175
-
income
283
-
18 043
-
total
503
-
18 568
-
Employer
1 464
-
52 711
-
pensions
161
-
386
-
health
139
-
333
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
51 707
53 500
-
-
income
11 376
11 770
-
-
total
11 376
11 770
-
-
Dividends
40 332
41 730
-
-
withholding
8 066
8 346
-
-
total
8 066
8 346
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 274
20 116
19 357
19 289
After tax
33 226
33 384
34 143
34 211
Living cost
961
961
961
961
Free-cash
32 265
32 423
33 182
33 250

Estimated living cost  is ₴961 per week

₴571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴78
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴22
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Istanbul model

Close
Belgrade , Serbia
₴27753
₴20352
₴30168
₴20354
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
53 500
health
-
-
-
3 735
income
-
-
-
10 953
pensions
-
-
-
9 428
unemployment
-
-
-
544
total
-
-
-
24 660
Employee

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

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

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

12 796
-
47 009
-
unemployment
96
-
272
-
pensions
1 791
-
5 077
-
health
659
-
1 868
-
income
1 764
-
10 953
-
total
4 310
-
18 170
-
Employer

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

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

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

12 796
-
47 009
-
pensions
1 536
-
4 352
-
health
659
-
1 868
-
unemployment
96
-
272
-
total
2 291
-
6 492
-
Corporate
38 413
53 500
-
-
income
5 762
8 025
-
-
total
5 762
8 025
-
-
Dividends
32 651
45 475
-
-
withholding
4 898
6 821
-
-
total
4 898
6 821
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 261
14 846
24 662
24 660
After tax
36 239
38 654
28 838
28 840
Living cost
8 486
8 486
8 486
8 486
Free-cash
27 753
30 168
20 352
20 354

Estimated living cost  is ₴8486 per week

₴5714
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
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.
₴1870
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17020
₴13477
₴17197
₴16475
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
18 591
income
-
-
-
5 200
surtax
-
-
-
-
total
-
-
-
23 791
Employee
19 053
-
43 232
-
social contributions
2 096
-
4 756
-
income
3 723
-
11 765
-
surtax
-
-
-
-
total
5 819
-
16 521
-
Employer
19 053
-
43 232
-
social contributions
4 525
-
10 268
-
total
4 525
-
10 268
-
Corporate
29 922
53 500
-
-
income
6 283
11 235
-
-
surtax
-
-
-
-
total
6 283
11 235
-
-
Dividends
23 639
42 265
-
-
withholding
6 619
11 834
-
-
total
6 619
11 834
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 246
23 069
26 789
23 791
After tax
30 254
30 431
26 711
29 709
Living cost
13 234
13 234
13 234
13 234
Free-cash
17 020
17 197
13 477
16 475

Estimated living cost  is ₴13234 per week

₴9374
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴919
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2707
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15041
₴10687
₴18785
₴11857
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
accident
-
-
-
410
income
-
-
-
10 740
pensions
-
-
-
12 876
other
-
-
-
46
unemployment
-
-
-
319
total
-
-
-
24 391
Employee
23 708
-
40 568
-
unemployment
367
-
629
-
pensions
1 114
-
1 907
-
income
4 952
-
10 052
-
other
23
-
41
-
total
6 456
-
12 629
-
Employer
23 708
-
40 568
-
pensions
5 595
-
9 574
-
other
190
-
324
-
unemployment
1 304
-
2 231
-
accident
470
-
803
-
total
7 559
-
12 932
-
Corporate
22 233
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.

3 335
8 025
-
-
total
3 335
8 025
-
-
Dividends
18 898
45 475
-
-
withholding
3 857
9 438
-
-
total
3 857
9 438
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 207
17 463
25 561
24 391
After tax
32 293
36 037
27 939
29 109
Living cost
17 252
17 252
17 252
17 252
Free-cash
15 041
18 785
10 687
11 857

Estimated living cost  is ₴17252 per week

₴12390
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3278
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34289
₴34172
₴37285
₴32431
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
health
-
-
-
1 975
income
-
-
-
8 025
pensions

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

-
-
-
2 542
unemployment
-
-
-
69
total
-
-
-
12 611
Employee
11 200
-
50 130
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

983
-
1 508
-
health
515
-
790
-
income
1 120
-
5 013
-
total
2 741
-
7 500
-
Employer
11 200
-
50 130
-
pensions

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

1 234
-
1 893
-
health
773
-
1 185
-
unemployment
67
-
103
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
total
2 197
-
3 370
-
Corporate
40 102
53 500
-
-
income
4 010
5 350
-
-
total
4 010
5 350
-
-
Dividends
36 092
48 150
-
-
withholding
1 805
2 407
-
-
total
1 805
2 407
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 753
7 757
10 870
12 611
After tax
42 747
45 743
42 630
40 889
Living cost
8 458
8 458
8 458
8 458
Free-cash
34 289
37 285
34 172
32 431

Estimated living cost  is ₴8458 per week

₴5594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15057
₴18543
₴8635
₴14141
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
health

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

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

-
-
-
3 354
trade
-
-
-
4 402
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.

-
-
-
11 991
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.

-
-
-
660
total
-
-
-
20 407
Employee

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

24 425
-
53 500
-
health

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

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

3 354
-
3 354
-
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.

2 008
-
11 991
-
surtax

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

111
-
660
-
total
5 473
-
16 005
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 075
53 500
-
-
income
4 362
8 025
-
-
chamber of commerce
117
153
-
-
surtax

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

240
442
-
-
trade
4 173
7 677
-
-
total
8 892
16 297
-
-
Dividends
20 183
37 204
-
-
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.

267
501
-
-
withholding
4 859
9 115
-
-
total
5 126
9 616
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 491
25 913
16 005
20 407
After tax
34 009
27 587
37 495
33 093
Living cost
18 952
18 952
18 952
18 952
Free-cash
15 057
8 635
18 543
14 141

Estimated living cost  is ₴18952 per week

₴13074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2039
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.
₴3564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10570
₴7400
₴9486
₴7400
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 850
income
-
-
-
13 286
total
-
-
-
18 136
Employee
38 399
-
53 500
-
social contributions
3 190
-
4 850
-
income
7 246
-
13 286
-
total
10 436
-
18 136
-
Employer
38 399
-
53 500
-
total
-
-
-
-
Corporate
15 101
53 500
-
-
income
1 887
6 688
-
-
total
1 887
6 688
-
-
Dividends
13 213
46 812
-
-
withholding
2 643
9 362
-
-
total
2 643
9 362
-
-
Income
53 500
53 500
53 500
53 500
Total tax
14 966
16 050
18 136
18 136
After tax
38 534
37 450
35 364
35 364
Living cost
27 964
27 964
27 964
27 964
Free-cash
10 570
9 486
7 400
7 400

Estimated living cost  is ₴27964 per week

₴21274
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4144
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16076
₴21541
₴14361
₴18671
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
53 500
income
-
-
-
13 974
health

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

-
-
-
3 035
total
-
-
-
17 009
Employee
22 520
-
51 242
-
social contributions
2 256
-
2 258
-
income
2 444
-
9 623
-
total
4 700
-
11 881
-
Employer
22 520
-
51 242
-
social contributions
2 256
-
2 258
-
total
2 256
-
2 258
-
Corporate
28 724
53 500
-
-
income
10 054
18 725
-
-
total
10 054
18 725
-
-
Dividends
18 671
34 775
-
-
social contributions
2 594
2 594
-
-
total
2 594
2 594
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 604
21 319
14 139
17 009
After tax
33 896
32 181
39 361
36 491
Living cost
17 820
17 820
17 820
17 820
Free-cash
16 076
14 361
21 541
18 671

Estimated living cost  is ₴17820 per week

₴11738
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4404
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19541
₴15095
₴20536
₴19976
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 990
pensions
-
-
-
3 698
total
-
-
-
15 688
Employee
24 482
-
47 023
-
pensions
1 869
-
4 574
-
health
319
-
781
-
income
4 458
-
8 736
-
total
6 646
-
14 091
-
Employer
24 482
-
47 023
-
pensions
2 473
-
5 584
-
health
465
-
894
-
total
2 938
-
6 478
-
Corporate
26 079
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.

4 955
10 165
-
-
total
4 955
10 165
-
-
Dividends
21 124
43 335
-
-
withholding
1 584
4 963
-
-
total
1 584
4 963
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 123
15 128
20 569
15 688
After tax
37 377
38 372
32 931
37 812
Living cost
17 836
17 836
17 836
17 836
Free-cash
19 541
20 536
15 095
19 976

Estimated living cost  is ₴17836 per week

₴12235
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.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3736
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2518
₴16034
-₴7498
₴24864
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
accident
-
-
-
125
health
-
-
-
1 083
income
-
-
-
13 345
pensions
-
-
-
2 067
other
-
-
-
184
total
-
-
-
16 804
Employee
18 612
-
46 128
-
pensions
2 096
-
3 789
-
health
2 131
-
5 282
-
income
2 553
-
9 191
-
total
6 780
-
18 262
-
Employer
18 612
-
46 128
-
pensions
3 026
-
5 472
-
unemployment
456
-
1 130
-
accident
311
-
770
-
total
3 793
-
7 372
-
Corporate
31 096
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.

27 986
48 150
-
-
total
27 986
48 150
-
-
Dividends
3 110
5 350
-
-
withholding
591
1 016
-
-
total
591
1 016
-
-
Income
53 500
53 500
53 500
53 500
Total tax
39 150
49 166
25 634
16 804
After tax
14 350
4 334
27 866
36 696
Living cost
11 832
11 832
11 832
11 832
Free-cash
2 518
-7 498
16 034
24 864

Estimated living cost  is ₴11832 per week

₴8683
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴689
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.
₴2221
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36461
₴27758
₴38392
₴23837
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
53 500
income
-
-
-
8 323
health insurance
-
-
-
3 959
pensions
-
-
-
9 844
unemployment
-
-
-
642
work injury
-
-
-
267
total
-
-
-
23 035
Employee

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

10 605
-
53 500
-
unemployment
127
-
471
-
pensions
1 951
-
7 220
-
work injury
53
-
196
-
income
1 061
-
8 323
-
health insurance
785
-
2 904
-
total
3 977
-
19 114
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 895
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
42 895
52 965
-
-
withholding
6 434
7 945
-
-
total
6 434
7 945
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 411
8 480
19 114
23 035
After tax
43 089
45 020
34 386
30 465
Living cost
6 628
6 628
6 628
6 628
Free-cash
36 461
38 392
27 758
23 837

Estimated living cost  is ₴6628 per week

₴4106
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
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.
₴1834
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6390
₴4596
₴8624
₴7044
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
13 760
municipal
-
-
-
358
regional
-
-
-
1 109
national
-
-
-
11 673
total
-
-
-
26 900
Employee
41 366
-
53 500
-
regional
625
-
941
-
municipal
247
-
320
-
national
6 991
-
10 047
-
social contributions
13 949
-
18 040
-
total
21 812
-
29 348
-
Employer
41 366
-
53 500
-
total
-
-
-
-
Corporate
12 134
53 500
-
-
municipal
585
2 579
-
-
nationa
2 912
12 840
-
-
total
3 497
15 419
-
-
Dividends
8 636
38 081
-
-
withholding
2 245
9 901
-
-
total
2 245
9 901
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 554
25 320
29 348
26 900
After tax
25 946
28 180
24 152
26 600
Living cost
19 556
19 556
19 556
19 556
Free-cash
6 390
8 624
4 596
7 044

Estimated living cost  is ₴19556 per week

₴13737
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
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.
₴4178
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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