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
₴11877
₴22472
₴17711
₴17415
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
income

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

-
-
-
11 797
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.

-
-
-
649
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.

-
-
-
3 420
trade
-
-
-
4 761
total
-
-
-
20 627
Employee

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

19 145
-
53 500
-
surtax

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

29
-
649
-
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.

535
-
11 797
-
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.

3 420
-
3 420
-
total
3 984
-
15 866
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 355
53 500
-
-
income
5 153
8 025
-
-
surtax

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

283
442
-
-
chamber of commerce
125
153
-
-
trade
5 411
8 427
-
-
total
10 972
17 047
-
-
Dividends
23 382
36 454
-
-
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.

311
491
-
-
withholding
5 656
8 923
-
-
total
5 967
9 414
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 923
26 461
15 866
20 627
After tax
32 577
27 039
37 634
32 873
Living cost
15 162
15 162
15 162
15 162
Free-cash
17 415
11 877
22 472
17 711

Estimated living cost  is ₴15162 per week

₴9537
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1768
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3574
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6753
₴6056
₴5636
₴6310
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 584
national
-
-
-
8 654
pensions
-
-
-
6 420
total
-
-
-
21 233
Employee
41 284
-
46 250
-
municipal
5 099
-
5 792
-
pensions
1 651
-
1 850
-
national
7 902
-
8 974
-
total
14 652
-
16 616
-
Employer
41 284
-
46 250
-
pensions
3 303
-
3 700
-
social contributions
444
-
497
-
total
3 747
-
4 197
-
Corporate
5 745
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%.

1 149
10 700
-
-
total
1 149
10 700
-
-
Dividends
4 596
42 800
-
-
withholding
1 011
9 416
-
-
total
1 011
9 416
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 559
20 116
20 813
21 233
After tax
32 941
33 384
32 687
32 267
Living cost
26 631
26 631
26 631
26 631
Free-cash
6 310
6 753
6 056
5 636

Estimated living cost  is ₴26631 per week

₴18101
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴399
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32386
₴19702
₴18107
₴28280
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
53 500
income
-
-
-
7 779
surtax
-
-
-
-
social contributions

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

-
-
-
17 200
microenterprise
-
-
-
-
total
-
-
-
24 979
Employee
14 627
-
43 114
-
surtax
-
-
-
-
social contributions

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

1 609
-
4 743
-
income
2 604
-
8 255
-
total
4 213
-
12 998
-
Employer
14 627
-
43 114
-
social contributions

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

3 523
-
10 386
-
surtax
-
-
-
-
total
3 523
-
10 386
-
Corporate
35 350
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%.

7 070
10 700
-
-
total
7 070
10 700
-
-
Dividends

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

28 280
42 800
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
14 806
10 700
23 384
24 979
After tax
38 694
42 800
30 116
28 521
Living cost
10 414
10 414
10 414
10 414
Free-cash
28 280
32 386
19 702
18 107

Estimated living cost  is ₴10414 per week

₴6644
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴992
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.
₴2542
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5001
₴5958
₴9399
₴1935
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 094
health
-
-
-
6 173
pensions
-
-
-
5 865
total
-
-
-
23 132
Employee
42 746
42 746
45 528
-
pensions
7 694
5 865
5 865
-
income

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

6 997
6 997
6 997
-
health
6 561
5 581
5 739
-
total
21 252
18 443
18 601
-
Employer
42 746
42 746
45 528
-
health
2 971
2 971
3 164
-
pensions
2 975
2 975
3 169
-
unemployment
1 539
1 539
1 639
-
total
7 485
7 485
7 972
-
Corporate
3 793
3 269
-
-
income
759
654
-
-
total
759
654
-
-
Dividends
3 034
2 615
-
-
income
645
556
-
-
withholding
455
392
-
-
total
1 100
948
-
-
Income
53 500
53 500
53 500
53 500
Total tax
30 596
27 530
26 573
23 132
After tax
22 904
25 970
26 927
30 368
Living cost
20 969
20 969
20 969
20 969
Free-cash
1 935
5 001
5 958
9 399

Estimated living cost  is ₴20969 per week

₴14860
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3885
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9078
₴8436
₴8443
₴8626
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
88
other
-
-
-
5 127
unemployment
-
-
-
44
health
-
-
-
2 753
municipal
-
-
-
12 142
national
-
-
-
-
pensions
-
-
-
4 770
total
-
-
-
24 924
Employee
28 688
-
40 709
-
municipal
8 555
-
12 140
-
national
-
-
-
-
total
8 555
-
12 140
-
Employer
28 688
-
40 709
-
health
1 764
-
2 504
-
pensions
3 101
-
4 401
-
accident
57
-
81
-
unemployment
757
-
1 075
-
other
3 334
-
4 730
-
total
9 013
-
12 791
-
Corporate
15 798
53 500
-
-
income
3 476
11 770
-
-
total
3 476
11 770
-
-
Dividends
12 323
41 730
-
-
withholding
3 697
12 519
-
-
total
3 697
12 519
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 741
24 289
24 931
24 924
After tax
28 759
29 211
28 569
28 576
Living cost
20 133
20 133
20 133
20 133
Free-cash
8 626
9 078
8 436
8 443

Estimated living cost  is ₴20133 per week

₴13343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4508
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7101
₴17970
₴12997
₴14132
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
income

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

-
-
-
11 797
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.

-
-
-
649
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.

-
-
-
3 420
trade
-
-
-
4 973
total
-
-
-
20 839
Employee

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

25 384
-
53 500
-
surtax

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

120
-
649
-
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.

2 181
-
11 797
-
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.

3 420
-
3 420
-
total
5 721
-
15 866
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 116
53 500
-
-
income
4 218
8 025
-
-
surtax

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

232
442
-
-
chamber of commerce
116
152
-
-
trade
4 625
8 801
-
-
total
9 191
17 420
-
-
Dividends
18 925
36 081
-
-
surtax

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

250
485
-
-
withholding
4 542
8 830
-
-
total
4 792
9 315
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 704
26 735
15 866
20 839
After tax
33 796
26 765
37 634
32 661
Living cost
19 664
19 664
19 664
19 664
Free-cash
14 132
7 101
17 970
12 997

Estimated living cost  is ₴19664 per week

₴13151
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2074
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22905
₴21194
₴21420
₴20831
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
6 381
social contributions
-
-
-
8 099
health
-
-
-
1 364
total
-
-
-
15 844
Employee
38 491
38 491
48 570
-
social contributions
1 870
3 195
4 031
-
income
4 042
3 563
6 284
-
health
383
654
825
-
total
6 295
7 412
11 140
-
Employer
38 491
38 491
48 570
-
health
417
712
899
-
social contributions
1 870
3 195
4 031
-
total
2 287
3 907
4 930
-
Corporate
28 682
11 102
-
-
income
3 585
1 388
-
-
total
3 585
1 388
-
-
Dividends
25 097
9 714
-
-
withholding
4 266
1 652
-
-
total
4 266
1 652
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 433
14 359
16 070
15 844
After tax
37 067
39 141
37 430
37 656
Living cost
16 236
16 236
16 236
16 236
Free-cash
20 831
22 905
21 194
21 420

Estimated living cost  is ₴16236 per week

₴11099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1268
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.
₴3596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21154
₴22044
₴28092
₴21341
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

12 948
5 153
44 770
-
unemployment
194
77
672
-
pensions
1 295
515
4 477
-
income
1 583
630
5 473
-
health
906
361
3 134
-
total
3 978
1 583
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.

12 948
5 153
44 770
-
pensions
2 525
1 005
8 730
-
total
2 525
1 005
8 730
-
Corporate
38 027
47 342
-
-
income
3 422
4 261
-
-
total
3 422
4 261
-
-
Dividends
34 605
43 081
-
-
social contributions
6 689
8 342
-
-
withholding
6 575
8 185
-
-
total
13 264
16 527
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 189
23 376
22 486
16 438
After tax
30 311
30 124
31 014
37 062
Living cost
8 970
8 970
8 970
8 970
Free-cash
21 341
21 154
22 044
28 092

Estimated living cost  is ₴8970 per week

₴6121
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴179
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1936
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30710
₴18747
₴16586
₴27600
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
7 169
health
-
-
-
6 955
pensions
-
-
-
10 700
total
-
-
-
24 824
Employee
14 200
-
39 985
-
unemployment
227
-
639
-
pensions
284
-
800
-
income
1 599
-
7 709
-
total
2 110
-
9 148
-
Employer
14 200
-
39 985
-
health
1 846
-
5 198
-
pensions
2 840
-
7 997
-
unemployment
114
-
320
-
total
4 800
-
13 515
-
Corporate
34 500
53 500
-
-
income
6 900
10 700
-
-
total
6 900
10 700
-
-
Dividends
27 600
42 800
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
13 810
10 700
22 663
24 824
After tax
39 690
42 800
30 837
28 676
Living cost
12 090
12 090
12 090
12 090
Free-cash
27 600
30 710
18 747
16 586

Estimated living cost  is ₴12090 per week

₴8293
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴720
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.
₴2835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6825
₴16643
₴25543
₴2623
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
accident
-
-
-
128
income
-
-
-
13 265
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
16 798
Employee
17 554
-
46 016
-
pensions
1 977
-
3 870
-
income
2 408
-
9 076
-
health
2 010
-
5 269
-
total
6 395
-
18 215
-
Employer
17 554
-
46 016
-
pensions
2 854
-
5 588
-
accident
293
-
768
-
unemployment
430
-
1 127
-
total
3 577
-
7 483
-
Corporate
32 368
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.

29 131
48 150
-
-
total
29 131
48 150
-
-
Dividends
3 237
5 350
-
-
withholding
615
1 016
-
-
total
615
1 016
-
-
Income
53 500
53 500
53 500
53 500
Total tax
39 718
49 166
25 698
16 798
After tax
13 782
4 334
27 802
36 702
Living cost
11 159
11 159
11 159
11 159
Free-cash
2 623
-6 825
16 643
25 543

Estimated living cost  is ₴11159 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2130
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46799
₴38774
₴48939
₴46045
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 032
-
53 500
-
income
1 006
-
10 700
-
total
1 006
-
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%.

48 468
53 500
-
-
total
-
-
-
-
Dividends
48 468
53 500
-
-
withholding
2 423
2 675
-
-
total
2 423
2 675
-
-
Income
53 500
53 500
53 500
53 500
Total tax
3 429
2 675
10 700
535
After tax
50 071
50 825
42 800
52 965
Living cost
4 026
4 026
4 026
4 026
Free-cash
46 045
46 799
38 774
48 939

Estimated living cost  is ₴4026 per week

₴2495
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴335
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.
₴1086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25968
₴17818
₴15604
₴22588
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
6 823
other
-
-
-
2 541
health
-
-
-
2 354
pensions

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

-
-
-
12 840
total
-
-
-
24 558
Employee
18 175
-
42 731
-
unemployment
181
-
427
-
pensions

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

1 272
-
2 991
-
income
3 129
-
7 560
-
health
255
-
598
-
total
4 837
-
11 576
-
Employer
18 175
-
42 731
-
health
255
-
598
-
pensions

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

3 090
-
7 265
-
accident
145
-
342
-
unemployment
181
-
427
-
other
909
-
2 136
-
total
4 580
-
10 768
-
Corporate
30 745
53 500
-
-
income
6 457
11 235
-
-
total
6 457
11 235
-
-
Dividends
24 288
42 265
-
-
withholding
1 700
2 959
-
-
total
1 700
2 959
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 574
14 194
22 344
24 558
After tax
35 926
39 306
31 156
28 942
Living cost
13 338
13 338
13 338
13 338
Free-cash
22 588
25 968
17 818
15 604

Estimated living cost  is ₴13338 per week

₴9424
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴901
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5204
-₴238
₴4517
-₴532
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 578
pensions
-
-
-
3 819
total
-
-
-
15 397
Employee
47 520
-
47 059
-
pensions
4 584
-
4 529
-
income
8 566
-
8 408
-
health
783
-
774
-
total
13 933
-
13 711
-
Employer
47 520
-
47 059
-
health
902
-
894
-
pensions
5 611
-
5 547
-
total
6 513
-
6 441
-
Corporate
-
53 500
-
-
income

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

-
10 165
-
-
total
-
10 165
-
-
Dividends
-
43 335
-
-
withholding
-
4 545
-
-
total
-
4 545
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 446
14 710
20 152
15 397
After tax
33 054
38 790
33 348
38 103
Living cost
33 586
33 586
33 586
33 586
Free-cash
-532
5 204
-238
4 517

Estimated living cost  is ₴33586 per week

₴25167
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3946
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.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴39179
₴35969
₴34243
₴36852
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
8 025
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
12 694
Employee
8 690
-
50 070
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
pensions

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

763
-
1 535
-
income
869
-
5 007
-
health
400
-
804
-
total
2 128
-
7 538
-
Employer
8 690
-
50 070
-
health
600
-
1 206
-
pensions

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

958
-
1 927
-
accident

We are using the highest rate at 1.1%.

96
-
192
-
unemployment
52
-
105
-
total
1 706
-
3 430
-
Corporate
43 104
53 500
-
-
income
4 311
5 350
-
-
total
4 311
5 350
-
-
Dividends
38 794
48 150
-
-
withholding
1 940
2 408
-
-
total
1 940
2 408
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 085
7 758
10 968
12 694
After tax
43 415
45 742
42 532
40 806
Living cost
6 563
6 563
6 563
6 563
Free-cash
36 852
39 179
35 969
34 243

Estimated living cost  is ₴6563 per week

₴3832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴469
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1787
-₴830
₴2611
-₴1035
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 094
health
-
-
-
6 173
pensions
-
-
-
5 865
total
-
-
-
23 132
Employee
46 408
42 746
45 528
-
pensions
5 865
5 865
5 865
-
income

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

6 997
6 997
6 997
-
health
5 790
5 581
5 739
-
total
18 652
18 443
18 601
-
Employer
46 408
42 746
45 528
-
health
3 225
2 971
3 164
-
pensions
3 230
2 975
3 169
-
unemployment
1 671
1 539
1 639
-
total
8 126
7 485
7 972
-
Corporate
-
3 269
-
-
income
-
654
-
-
total
-
654
-
-
Dividends
-
2 615
-
-
income
-
556
-
-
withholding
-
392
-
-
total
-
948
-
-
Income
53 500
53 500
53 500
53 500
Total tax
26 778
27 530
26 573
23 132
After tax
26 722
25 970
26 927
30 368
Living cost
27 757
27 757
27 757
27 757
Free-cash
-1 035
-1 787
-830
2 611

Estimated living cost  is ₴27757 per week

₴20475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2479
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.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24578
₴14893
₴13801
₴20205
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
4 598
social contributions
-
-
-
15 622
solidarity contribution
-
-
-
-
health
-
-
-
7 222
total
-
-
-
27 442
Employee
18 025
-
39 925
-
solidarity contribution
-
-
-
-
social contributions
1 172
-
2 595
-
income
2 163
-
4 791
-
health
2 433
-
5 390
-
total
5 768
-
12 776
-
Employer
18 025
-
39 925
-
health
1 622
-
3 593
-
social contributions
4 506
-
9 981
-
total
6 128
-
13 574
-
Corporate
29 346
53 500
-
-
income
5 576
10 165
-
-
total
5 576
10 165
-
-
Dividends
23 770
43 335
-
-
withholding
3 566
6 500
-
-
total
3 566
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 038
16 665
26 350
27 442
After tax
32 462
36 835
27 150
26 058
Living cost
12 257
12 257
12 257
12 257
Free-cash
20 205
24 578
14 893
13 801

Estimated living cost  is ₴12257 per week

₴8514
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2630
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7422
₴3552
₴6099
₴4808
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
13 760
regional
-
-
-
596
municipal
-
-
-
318
national
-
-
-
11 605
total
-
-
-
26 279
Employee
44 487
-
53 500
-
municipal
236
-
284
-
national
7 709
-
9 979
-
regional
420
-
522
-
social contributions
15 001
-
18 041
-
total
23 366
-
28 826
-
Employer
44 487
-
53 500
-
total
-
-
-
-
Corporate
9 013
53 500
-
-
municipal
351
2 087
-
-
nationa
2 163
12 840
-
-
total
2 514
14 927
-
-
Dividends
6 499
38 573
-
-
withholding
1 690
10 029
-
-
total
1 690
10 029
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 570
24 956
28 826
26 279
After tax
25 930
28 544
24 674
27 221
Living cost
21 122
21 122
21 122
21 122
Free-cash
4 808
7 422
3 552
6 099

Estimated living cost  is ₴21122 per week

₴14724
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4689
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22605
₴15084
₴16045
₴21048
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
10 470
other
-
-
-
-
surtax
-
-
-
1 326
unemployment
-
-
-
114
health
-
-
-
3 799
pensions
-
-
-
10 700
total
-
-
-
26 409
Employee
16 553
-
44 197
-
other
-
-
-
-
unemployment
1 152
-
3 076
-
pensions
1 104
-
2 948
-
surtax
54
-
1 198
-
income
2 775
-
9 718
-
health
423
-
1 127
-
total
5 508
-
18 067
-
Employer
16 553
-
44 197
-
health
753
-
2 011
-
pensions
2 207
-
5 891
-
unemployment
524
-
1 401
-
other
-
-
-
-
total
3 484
-
9 303
-
Corporate
33 462
53 500
-
-
income
8 700
13 910
-
-
total
8 700
13 910
-
-
Dividends
24 762
39 590
-
-
withholding
3 714
5 939
-
-
total
3 714
5 939
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 406
19 849
27 370
26 409
After tax
32 094
33 651
26 130
27 091
Living cost
11 046
11 046
11 046
11 046
Free-cash
21 048
22 605
15 084
16 045

Estimated living cost  is ₴11046 per week

₴6754
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
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.
₴3018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15845
₴10403
₴15158
₴13188
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 578
pensions
-
-
-
3 819
total
-
-
-
15 397
Employee
31 846
-
47 059
-
pensions
2 703
-
4 529
-
income
5 736
-
8 408
-
health
462
-
774
-
total
8 901
-
13 711
-
Employer
31 846
-
47 059
-
health
605
-
894
-
pensions
3 447
-
5 547
-
total
4 052
-
6 441
-
Corporate
17 601
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.

3 345
10 165
-
-
total
3 345
10 165
-
-
Dividends
14 257
43 335
-
-
withholding
1 069
4 545
-
-
total
1 069
4 545
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 367
14 710
20 152
15 397
After tax
36 133
38 790
33 348
38 103
Living cost
22 945
22 945
22 945
22 945
Free-cash
13 188
15 845
10 403
15 158

Estimated living cost  is ₴22945 per week

₴17190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1720
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.
₴3795
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴15139
₴2311
₴4973
₴1806
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
other

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

-
-
-
1 070
regional
-
-
-
1 880
health
-
-
-
129
city
-
-
-
563
national
-
-
-
361
pensions
-
-
-
4 922
total
-
-
-
8 925
Employee
46 345
-
47 884
-
unemployment
-
-
-
-
pensions
3 894
-
4 023
-
national
219
-
251
-
regional
1 518
-
1 601
-
city
497
-
515
-
health
105
-
108
-
total
6 233
-
6 498
-
Employer
46 345
-
47 884
-
health
105
-
108
-
pensions
3 894
-
4 023
-
unemployment
-
-
-
-
other

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

927
-
958
-
total
4 926
-
5 089
-
Corporate
1 721
53 500
-
-
regional
364
11 316
-
-
national
146
4 548
-
-
total
510
15 864
-
-
Dividends
1 210
37 637
-
-
withholding
423
13 173
-
-
total
423
13 173
-
-
Income
53 500
53 500
53 500
53 500
Total tax
12 092
29 037
11 587
8 925
After tax
41 408
24 463
41 913
44 575
Living cost
39 602
39 602
39 602
39 602
Free-cash
1 806
-15 139
2 311
4 973

Estimated living cost  is ₴39602 per week

₴25753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3554
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9809
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3559
₴14703
₴9519
₴11675
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
income

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

-
-
-
11 797
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.

-
-
-
649
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.

-
-
-
3 420
trade
-
-
-
5 184
total
-
-
-
21 050
Employee

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

30 083
-
53 500
-
surtax

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

195
-
649
-
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.

3 537
-
11 797
-
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.

3 420
-
3 420
-
total
7 152
-
15 866
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
23 417
53 500
-
-
income
3 513
8 025
-
-
surtax

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

193
442
-
-
chamber of commerce
109
151
-
-
trade
4 016
9 175
-
-
total
7 831
17 793
-
-
Dividends
15 586
35 707
-
-
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.

204
481
-
-
withholding
3 707
8 736
-
-
total
3 911
9 217
-
-
Income
53 500
53 500
53 500
53 500
Total tax
18 894
27 010
15 866
21 050
After tax
34 606
26 490
37 634
32 450
Living cost
22 931
22 931
22 931
22 931
Free-cash
11 675
3 559
14 703
9 519

Estimated living cost  is ₴22931 per week

₴16748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1834
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4051
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9837
₴16095
₴13583
₴12796
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
5 581
other
-
-
-
1 661
surtax
-
-
-
-
social contributions
-
-
-
1 525
health
-
-
-
1 180
pensions
-
-
-
12 844
total
-
-
-
22 791
Employee
21 423
-
43 273
-
pensions
2 422
-
2 181
-
surtax
-
-
-
-
social contributions
611
-
1 233
-
income
1 264
-
6 638
-
total
4 297
-
10 052
-
Employer
21 423
-
43 273
-
health
1 500
-
3 029
-
pensions
3 519
-
3 822
-
unemployment
867
-
1 753
-
social contributions
65
-
130
-
other
739
-
1 493
-
total
6 690
-
10 227
-
Corporate
25 387
53 500
-
-
income
7 108
14 980
-
-
surtax
-
-
-
-
total
7 108
14 980
-
-
Dividends
18 278
38 520
-
-
surtax
-
-
-
-
social contributions
3 143
6 626
-
-
withholding
2 340
4 931
-
-
total
5 483
11 557
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 578
26 537
20 279
22 791
After tax
29 922
26 963
33 221
30 709
Living cost
17 126
17 126
17 126
17 126
Free-cash
12 796
9 837
16 095
13 583

Estimated living cost  is ₴17126 per week

₴10799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1393
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4644
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11534
₴17792
₴15280
₴14316
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
5 581
other
-
-
-
1 661
surtax
-
-
-
-
social contributions
-
-
-
1 525
health
-
-
-
1 180
pensions
-
-
-
12 844
total
-
-
-
22 791
Employee
19 123
-
43 273
-
pensions
2 163
-
2 181
-
surtax
-
-
-
-
social contributions
545
-
1 233
-
income
986
-
6 638
-
total
3 694
-
10 052
-
Employer
19 123
-
43 273
-
health
1 338
-
3 029
-
pensions
3 142
-
3 822
-
unemployment
774
-
1 753
-
social contributions
57
-
130
-
other
660
-
1 493
-
total
5 971
-
10 227
-
Corporate
28 405
53 500
-
-
income
7 954
14 980
-
-
surtax
-
-
-
-
total
7 954
14 980
-
-
Dividends
20 451
38 520
-
-
surtax
-
-
-
-
social contributions
3 518
6 626
-
-
withholding
2 618
4 931
-
-
total
6 136
11 557
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 755
26 537
20 279
22 791
After tax
29 745
26 963
33 221
30 709
Living cost
15 429
15 429
15 429
15 429
Free-cash
14 316
11 534
17 792
15 280

Estimated living cost  is ₴15429 per week

₴8948
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1567
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.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22025
₴23660
₴23744
₴22285
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
8 025
social contributions
-
-
-
7 383
health
-
-
-
3 734
total
-
-
-
19 142
Employee
16 972
-
53 500
-
social contributions
2 342
-
7 383
-
income
2 831
-
8 109
-
health
1 185
-
3 734
-
total
6 358
-
19 226
-
Employer
16 972
-
53 500
-
total
-
-
-
-
Corporate
36 528
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%.

1 827
2 675
-
-
total
1 827
2 675
-
-
Dividends
34 701
50 825
-
-
social contributions
4 788
7 014
-
-
withholding
5 206
7 624
-
-
health
2 422
3 548
-
-
total
12 416
18 186
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 601
20 861
19 226
19 142
After tax
32 899
32 639
34 274
34 358
Living cost
10 614
10 614
10 614
10 614
Free-cash
22 285
22 025
23 660
23 744

Estimated living cost  is ₴10614 per week

₴7103
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴654
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2611
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12297
-₴1848
₴9168
₴11521
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
9 321
surtax
-
-
-
99
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
214
health
-
-
-
4 093
pensions
-
-
-
9 897
total
-
-
-
26 694
Employee
25 016
19 948
41 465
-
other
250
199
415
-
unemployment
750
598
1 244
-
pensions
2 562
2 042
4 246
-
income
2 848
1 471
8 277
-
health
968
772
1 604
-
total
7 378
5 082
15 786
-
Employer
25 016
19 948
41 465
-
chamber of commerce
100
80
166
-
health
945
754
1 567
-
pensions
3 139
2 504
5 204
-
accident
325
259
539
-
unemployment
750
598
1 244
-
surtax
99
99
99
-
payroll
750
598
1 244
-
other
1 188
947
1 969
-
total
7 296
5 839
12 032
-
Corporate
21 187
27 712
39 568
-
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.

5 297
6 928
9 892
-
total
5 297
6 928
9 892
-
Dividends
15 890
20 784
-
-
withholding
4 370
5 716
-
-
total
4 370
5 716
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 341
23 565
37 710
26 694
After tax
29 159
29 935
15 790
26 806
Living cost
17 638
17 638
17 638
17 638
Free-cash
11 521
12 297
-1 848
9 168

Estimated living cost  is ₴17638 per week

₴11764
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4080
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11741
₴2398
₴6456
₴4235
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
communal

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

-
-
-
2 698
social contributions
-
-
-
8 532
national
-
-
-
17 563
total
-
-
-
28 793
Employee

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

35 805
-
41 438
-
unemployment

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

312
-
361
-
communal

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

1 868
-
2 161
-
pensions

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

2 685
-
3 108
-
national
11 008
-
13 211
-
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.

1 682
-
1 948
-
total
17 555
-
20 789
-
Employer

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

35 805
-
41 438
-
health

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

2 202
-
2 549
-
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.

3 173
-
3 671
-
accident

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

465
-
539
-
unemployment

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

522
-
605
-
surtax
4 060
-
4 698
-
total
10 422
-
12 062
-
Corporate
7 272
53 500
-
-
income
1 454
10 700
-
-
surtax
29
214
-
-
total
1 483
10 914
-
-
Dividends
5 788
42 586
-
-
withholding

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

1 554
12 594
-
-
total
1 554
12 594
-
-
Income
53 500
53 500
53 500
53 500
Total tax
31 014
23 508
32 851
28 793
After tax
22 486
29 992
20 649
24 707
Living cost
18 251
18 251
18 251
18 251
Free-cash
4 235
11 741
2 398
6 456

Estimated living cost  is ₴18251 per week

₴11756
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1596
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.
₴4614
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17963
₴9940
₴10941
₴13973
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
income
-
-
-
10 562
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
24 482
Employee
24 917
-
40 567
-
other
25
-
41
-
unemployment
387
-
629
-
pensions
1 171
-
1 906
-
income
5 257
-
9 974
-
total
6 840
-
12 550
-
Employer
24 917
-
40 567
-
pensions
5 880
-
9 574
-
accident
493
-
804
-
unemployment
1 371
-
2 231
-
other
199
-
324
-
total
7 943
-
12 933
-
Corporate
20 641
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.

3 096
8 025
-
-
total
3 096
8 025
-
-
Dividends
17 545
45 475
-
-
withholding
3 571
9 435
-
-
total
3 571
9 435
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 450
17 460
25 483
24 482
After tax
32 050
36 040
28 017
29 018
Living cost
18 077
18 077
18 077
18 077
Free-cash
13 973
17 963
9 940
10 941

Estimated living cost  is ₴18077 per week

₴13312
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1282
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.
₴3222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5421
₴5245
₴2952
₴1846
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
communal
-
-
-
3 381
accident
-
-
-
451
income
-
-
-
5 082
surtax
-
-
-
2 652
health
-
-
-
3 760
pensions
-
-
-
8 019
total
-
-
-
23 345
Employee
37 907
-
47 788
-
pensions
3 032
-
3 823
-
surtax
2 323
-
2 929
-
income
3 661
-
6 462
-
health
1 687
-
2 127
-
total
10 703
-
15 341
-
Employer
37 907
-
47 788
-
health
1 156
-
1 458
-
pensions
3 032
-
3 823
-
accident
341
-
430
-
total
4 529
-
5 711
-
Corporate
11 064
53 500
-
-
communal
-
3 612
-
-
income
1 659
8 025
-
-
surtax
116
561
-
-
total
1 775
12 198
-
-
Dividends
9 288
41 302
-
-
income
6 050
2 483
-
-
withholding
1 394
6 195
-
-
total
7 444
8 678
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 451
20 876
21 052
23 345
After tax
29 049
32 624
32 448
30 155
Living cost
27 203
27 203
27 203
27 203
Free-cash
1 846
5 421
5 245
2 952

Estimated living cost  is ₴27203 per week

₴20406
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1648
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22408
₴14887
₴15848
₴20817
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
10 470
other
-
-
-
-
surtax
-
-
-
1 326
unemployment
-
-
-
114
health
-
-
-
3 799
pensions
-
-
-
10 700
total
-
-
-
26 409
Employee
16 857
-
44 197
-
other
-
-
-
-
unemployment
1 173
-
3 076
-
pensions
1 125
-
2 948
-
surtax
60
-
1 198
-
income
2 826
-
9 718
-
health
430
-
1 127
-
total
5 614
-
18 067
-
Employer
16 857
-
44 197
-
health
767
-
2 011
-
pensions
2 247
-
5 891
-
unemployment
535
-
1 401
-
other
-
-
-
-
total
3 549
-
9 303
-
Corporate
33 094
53 500
-
-
income
8 604
13 910
-
-
total
8 604
13 910
-
-
Dividends
24 490
39 590
-
-
withholding
3 673
5 939
-
-
total
3 673
5 939
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 440
19 849
27 370
26 409
After tax
32 060
33 651
26 130
27 091
Living cost
11 243
11 243
11 243
11 243
Free-cash
20 817
22 408
14 887
15 848

Estimated living cost  is ₴11243 per week

₴6788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴977
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.
₴3217
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14637
₴10993
₴13526
₴13526
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
13 760
regional
-
-
-
807
municipal
-
-
-
318
national
-
-
-
11 605
total
-
-
-
26 490
Employee
27 767
-
53 500
-
municipal
147
-
284
-
national
4 399
-
9 979
-
regional
374
-
719
-
social contributions
9 363
-
18 041
-
total
14 283
-
29 023
-
Employer
27 767
-
53 500
-
total
-
-
-
-
Corporate
25 733
53 500
-
-
municipal
1 279
2 659
-
-
nationa
6 176
12 840
-
-
total
7 455
15 499
-
-
Dividends
18 278
38 001
-
-
withholding
4 752
9 880
-
-
total
4 752
9 880
-
-
Income
53 500
53 500
53 500
53 500
Total tax
26 490
25 379
29 023
26 490
After tax
27 010
28 121
24 477
27 010
Living cost
13 484
13 484
13 484
13 484
Free-cash
13 526
14 637
10 993
13 526

Estimated living cost  is ₴13484 per week

₴8386
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.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3501
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21731
₴12046
₴10954
₴16342
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
4 598
social contributions
-
-
-
15 622
solidarity contribution
-
-
-
-
health
-
-
-
7 222
total
-
-
-
27 442
Employee
22 212
-
39 925
-
solidarity contribution
-
-
-
-
social contributions
1 444
-
2 595
-
income
2 665
-
4 791
-
health
2 999
-
5 390
-
total
7 108
-
12 776
-
Employer
22 212
-
39 925
-
health
1 999
-
3 593
-
social contributions
5 553
-
9 981
-
total
7 552
-
13 574
-
Corporate
23 736
53 500
-
-
income
4 510
10 165
-
-
total
4 510
10 165
-
-
Dividends
19 226
43 335
-
-
withholding
2 884
6 500
-
-
total
2 884
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
22 054
16 665
26 350
27 442
After tax
31 446
36 835
27 150
26 058
Living cost
15 104
15 104
15 104
15 104
Free-cash
16 342
21 731
12 046
10 954

Estimated living cost  is ₴15104 per week

₴11232
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14019
-₴162
₴10935
₴13772
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
9 321
surtax
-
-
-
-
unemployment
-
-
-
3 070
chamber of commerce
-
-
-
214
health
-
-
-
4 093
pensions
-
-
-
9 897
total
-
-
-
26 595
Employee
21 881
19 948
41 543
-
other
218
199
415
-
unemployment
656
598
1 246
-
pensions
2 241
2 042
4 254
-
income
1 949
1 471
8 304
-
health
846
772
1 607
-
total
5 910
5 082
15 826
-
Employer
21 881
19 948
41 543
-
chamber of commerce
87
80
166
-
health
827
754
1 570
-
pensions
2 746
2 504
5 214
-
accident
284
259
540
-
unemployment
656
598
1 246
-
surtax
-
-
-
-
payroll
656
598
1 246
-
other
1 039
947
1 974
-
total
6 295
5 740
11 956
-
Corporate
25 322
27 811
39 643
-
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.

6 330
6 952
9 910
-
total
6 330
6 952
9 910
-
Dividends
18 992
20 858
-
-
withholding
5 223
5 737
-
-
total
5 223
5 737
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 758
23 511
37 692
26 595
After tax
29 742
29 989
15 808
26 905
Living cost
15 970
15 970
15 970
15 970
Free-cash
13 772
14 019
-162
10 935

Estimated living cost  is ₴15970 per week

₴9580
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1631
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4474
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44552
₴36527
₴46692
₴43376
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 842
-
53 500
-
income
1 568
-
10 700
-
total
1 568
-
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%.

45 658
53 500
-
-
total
-
-
-
-
Dividends
45 658
53 500
-
-
withholding
2 283
2 675
-
-
total
2 283
2 675
-
-
Income
53 500
53 500
53 500
53 500
Total tax
3 851
2 675
10 700
535
After tax
49 649
50 825
42 800
52 965
Living cost
6 273
6 273
6 273
6 273
Free-cash
43 376
44 552
36 527
46 692

Estimated living cost  is ₴6273 per week

₴4245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1554
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23409
₴12569
₴14103
₴19223
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

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

-
-
-
53 500
income
-
-
-
10 856
unemployment
-
-
-
80
health
-
-
-
5 264
pensions
-
-
-
9 771
total
-
-
-
25 971
Employee

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

22 135
-
46 292
-
unemployment
31
-
65
-
pensions
3 431
-
7 176
-
income
3 817
-
10 066
-
health
1 430
-
2 990
-
total
8 709
-
20 297
-
Employer

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

22 135
-
46 292
-
health
1 474
-
3 083
-
pensions
1 959
-
4 097
-
unemployment
13
-
28
-
total
3 446
-
7 208
-
Corporate
27 919
53 500
-
-
income
5 304
10 165
-
-
total
5 304
10 165
-
-
Dividends
22 614
43 335
-
-
withholding
3 392
6 500
-
-
total
3 392
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 851
16 665
27 505
25 971
After tax
32 649
36 835
25 995
27 529
Living cost
13 426
13 426
13 426
13 426
Free-cash
19 223
23 409
12 569
14 103

Estimated living cost  is ₴13426 per week

₴9214
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
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.
₴3092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11169
₴25602
₴15593
-₴20381
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
10 428
social contributions
-
-
-
6 099
total
-
-
-
16 527
Employee
30 656
-
-
-
social contributions
2 514
-
358
-
income
6 762
-
-
-
total
9 276
-
358
-
Employer
30 656
-
-
-
social contributions
43 225
-
6 160
-
total
43 225
-
6 160
-
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
52 501
20 951
6 518
16 527
After tax
999
32 549
46 982
36 973
Living cost
21 380
21 380
21 380
21 380
Free-cash
-20 381
11 169
25 602
15 593

Estimated living cost  is ₴21380 per week

₴13872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5224
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14730
₴11119
₴14053
₴14226
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
income
-
-
-
5 154
surtax
-
-
-
-
social contributions

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

-
-
-
18 592
total
-
-
-
23 746
Employee
23 022
-
43 232
-
surtax
-
-
-
-
social contributions
2 532
-
4 755
-
income
4 789
-
11 657
-
total
7 321
-
16 412
-
Employer
23 022
-
43 232
-
social contributions
5 468
-
10 268
-
total
5 468
-
10 268
-
Corporate
25 010
53 500
-
-
income
5 252
11 235
-
-
surtax
-
-
-
-
total
5 252
11 235
-
-
Dividends
19 758
42 265
-
-
withholding
5 532
11 834
-
-
total
5 532
11 834
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 573
23 069
26 680
23 746
After tax
29 927
30 431
26 820
29 754
Living cost
15 701
15 701
15 701
15 701
Free-cash
14 226
14 730
11 119
14 053

Estimated living cost  is ₴15701 per week

₴11748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2787
₴9045
₴6533
₴6229
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
5 581
other
-
-
-
1 661
surtax
-
-
-
-
social contributions
-
-
-
1 525
health
-
-
-
1 180
pensions
-
-
-
12 844
total
-
-
-
22 791
Employee
31 351
-
43 273
-
pensions
3 546
-
2 181
-
surtax
-
-
-
-
social contributions
893
-
1 233
-
income
2 735
-
6 638
-
total
7 174
-
10 052
-
Employer
31 351
-
43 273
-
health
2 194
-
3 029
-
pensions
5 151
-
3 822
-
unemployment
1 270
-
1 753
-
social contributions
94
-
130
-
other
1 082
-
1 493
-
total
9 791
-
10 227
-
Corporate
12 357
53 500
-
-
income
3 460
14 980
-
-
surtax
-
-
-
-
total
3 460
14 980
-
-
Dividends
8 898
38 520
-
-
surtax
-
-
-
-
social contributions
1 531
6 626
-
-
withholding
1 139
4 931
-
-
total
2 670
11 557
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 095
26 537
20 279
22 791
After tax
30 405
26 963
33 221
30 709
Living cost
24 176
24 176
24 176
24 176
Free-cash
6 229
2 787
9 045
6 533

Estimated living cost  is ₴24176 per week

₴16362
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1978
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33103
₴26972
₴25550
₴31422
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
1 133
social contributions
-
-
-
11 770
total
-
-
-
12 903
Employee
16 093
-
46 321
-
income
-
-
1 291
-
social contributions
1 046
-
3 011
-
total
1 046
-
4 302
-
Employer
16 093
-
46 321
-
social contributions
2 494
-
7 179
-
total
2 494
-
7 179
-
Corporate
34 913
53 500
-
-
income
3 491
5 350
-
-
total
3 491
5 350
-
-
Dividends
31 422
48 150
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
7 031
5 350
11 481
12 903
After tax
46 469
48 150
42 019
40 597
Living cost
15 047
15 047
15 047
15 047
Free-cash
31 422
33 103
26 972
25 550

Estimated living cost  is ₴15047 per week

₴9729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1134
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3900
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴55559
-₴55559
₴8872
-₴55559
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
labour market
-
-
-
4 245
municipal
-
-
-
10 115
national
-
-
-
5 727
pensions
-
-
-
434
total
-
-
-
20 521
Employee
101 748
101 748
101 748
-
municipal
21 667
21 667
21 667
-
labour market
8 128
8 128
8 128
-
pensions
145
145
145
-
national
12 430
12 430
12 430
-
total
42 370
42 370
42 370
-
Employer
101 748
101 748
101 748
-
national
12 452
12 452
12 452
-
labour market
8 140
8 140
8 140
-
pensions
289
289
289
-
municipal
21 701
21 701
21 701
-
total
42 582
42 582
42 582
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
84 952
84 952
84 952
20 521
After tax
-31 452
-31 452
-31 452
32 979
Living cost
24 107
24 107
24 107
24 107
Free-cash
-55 559
-55 559
-55 559
8 872

Estimated living cost  is ₴24107 per week

₴16499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6661
₴16807
₴25707
₴2646
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
accident
-
-
-
128
income
-
-
-
13 265
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
16 798
Employee
17 296
-
46 016
-
pensions
1 948
-
3 870
-
income
2 373
-
9 076
-
health
1 980
-
5 269
-
total
6 301
-
18 215
-
Employer
17 296
-
46 016
-
pensions
2 812
-
5 588
-
accident
289
-
768
-
unemployment
424
-
1 127
-
total
3 525
-
7 483
-
Corporate
32 680
53 500
-
-
income

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

29 412
48 150
-
-
total
29 412
48 150
-
-
Dividends
3 268
5 350
-
-
withholding
621
1 016
-
-
total
621
1 016
-
-
Income
53 500
53 500
53 500
53 500
Total tax
39 859
49 166
25 698
16 798
After tax
13 641
4 334
27 802
36 702
Living cost
10 995
10 995
10 995
10 995
Free-cash
2 646
-6 661
16 807
25 707

Estimated living cost  is ₴10995 per week

₴8003
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴627
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2159
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16091
₴11031
₴18387
₴15358
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
615
municipal
-
-
-
9 519
national
-
-
-
5 761
total
-
-
-
15 895
Employee
26 336
-
45 007
-
municipal
4 314
-
7 346
-
unemployment
395
-
675
-
pensions
1 777
-
3 038
-
national
435
-
3 215
-
health
197
-
484
-
total
7 118
-
14 758
-
Employer
26 336
-
45 007
-
health
202
-
347
-
pensions
4 569
-
7 808
-
accident
27
-
45
-
unemployment
171
-
293
-
total
4 969
-
8 493
-
Corporate
22 195
53 500
-
-
income
4 439
10 700
-
-
total
4 439
10 700
-
-
Dividends

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

13 317
32 100
-
-
municipal
2 398
5 778
-
-
national
-
1 713
-
-
total
2 398
7 491
-
-
Income
53 500
53 500
53 500
53 500
Total tax
18 924
18 191
23 251
15 895
After tax
34 576
35 309
30 249
37 605
Living cost
19 218
19 218
19 218
19 218
Free-cash
15 358
16 091
11 031
18 387

Estimated living cost  is ₴19218 per week

₴12553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27552
₴25841
₴26067
₴24829
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
6 381
social contributions
-
-
-
8 099
health
-
-
-
1 364
total
-
-
-
15 844
Employee
38 491
38 491
48 570
-
social contributions
1 455
3 195
4 031
-
income
4 191
3 563
6 284
-
health
298
654
825
-
total
5 944
7 412
11 140
-
Employer
38 491
38 491
48 570
-
health
324
712
899
-
social contributions
1 455
3 195
4 031
-
total
1 779
3 907
4 930
-
Corporate
34 187
11 102
-
-
income
4 274
1 388
-
-
total
4 274
1 388
-
-
Dividends
29 913
9 714
-
-
withholding
5 085
1 652
-
-
total
5 085
1 652
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 082
14 359
16 070
15 844
After tax
36 418
39 141
37 430
37 656
Living cost
11 589
11 589
11 589
11 589
Free-cash
24 829
27 552
25 841
26 067

Estimated living cost  is ₴11589 per week

₴6946
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1137
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.
₴3251
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36356
₴25347
₴35387
₴33809
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
53 500
income
-
-
-
5 157
unemployment
-
-
-
14
health
-
-
-
1 811
pensions
-
-
-
3 184
total
-
-
-
10 166
Employee

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

11 490
-
48 608
-
unemployment
57
-
237
-
pensions
1 723
-
7 124
-
income
786
-
3 917
-
health
977
-
4 037
-
total
3 543
-
15 315
-
Employer

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

11 490
-
48 608
-
health
494
-
2 042
-
pensions
632
-
2 612
-
unemployment
57
-
237
-
total
1 183
-
4 891
-
Corporate
40 828
53 500
-
-
income
3 674
4 815
-
-
total
3 674
4 815
-
-
Dividends
37 154
48 685
-
-
withholding
3 344
4 382
-
-
total
3 344
4 382
-
-
Income
53 500
53 500
53 500
53 500
Total tax
11 744
9 197
20 206
10 166
After tax
41 756
44 303
33 294
43 334
Living cost
7 947
7 947
7 947
7 947
Free-cash
33 809
36 356
25 347
35 387

Estimated living cost  is ₴7947 per week

₴5071
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
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.
₴2067
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22275
₴14252
₴15253
₴19649
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
income
-
-
-
10 562
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
24 482
Employee
18 509
-
40 567
-
other
18
-
41
-
unemployment
287
-
629
-
pensions
870
-
1 906
-
income
3 568
-
9 974
-
total
4 743
-
12 550
-
Employer
18 509
-
40 567
-
pensions
4 368
-
9 574
-
accident
367
-
804
-
unemployment
1 018
-
2 231
-
other
148
-
324
-
total
5 901
-
12 933
-
Corporate
29 090
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.

4 364
8 025
-
-
total
4 364
8 025
-
-
Dividends
24 727
45 475
-
-
withholding
5 078
9 435
-
-
total
5 078
9 435
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 086
17 460
25 483
24 482
After tax
33 414
36 040
28 017
29 018
Living cost
13 765
13 765
13 765
13 765
Free-cash
19 649
22 275
14 252
15 253

Estimated living cost  is ₴13765 per week

₴9291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1323
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2910
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32373
₴33098
₴33170
₴32207
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
18 046
health
-
-
-
535
pensions
-
-
-
738
total
-
-
-
19 319
Employee
1 540
-
52 670
-
unemployment
15
-
37
-
pensions
139
-
332
-
income
298
-
18 008
-
health
77
-
184
-
total
529
-
18 561
-
Employer
1 540
-
52 670
-
health
146
-
350
-
pensions
169
-
406
-
unemployment
31
-
74
-
total
346
-
830
-
Corporate
51 613
53 500
-
-
income
11 355
11 770
-
-
total
11 355
11 770
-
-
Dividends
40 258
41 730
-
-
withholding
8 052
8 346
-
-
total
8 052
8 346
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 282
20 116
19 391
19 319
After tax
33 218
33 384
34 109
34 181
Living cost
1 011
1 011
1 011
1 011
Free-cash
32 207
32 373
33 098
33 170

Estimated living cost  is ₴1011 per week

₴601
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29993
₴20055
₴20056
₴27529
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
53 500
income
-
-
-
10 793
unemployment
-
-
-
555
health
-
-
-
3 812
pensions
-
-
-
9 623
total
-
-
-
24 783
Employee

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

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

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

13 060
-
46 875
-
unemployment
98
-
278
-
pensions
1 828
-
5 182
-
income
1 800
-
10 793
-
health
673
-
1 906
-
total
4 399
-
18 159
-
Employer

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

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

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

13 060
-
46 875
-
health
673
-
1 906
-
pensions
1 567
-
4 441
-
unemployment
98
-
278
-
total
2 338
-
6 625
-
Corporate
38 102
53 500
-
-
income
5 715
8 025
-
-
total
5 715
8 025
-
-
Dividends
32 387
45 475
-
-
withholding
4 858
6 821
-
-
total
4 858
6 821
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 310
14 846
24 784
24 783
After tax
36 190
38 654
28 716
28 717
Living cost
8 661
8 661
8 661
8 661
Free-cash
27 529
29 993
20 055
20 056

Estimated living cost  is ₴8661 per week

₴5832
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴251
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1909
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16936
₴13325
₴16259
₴16756
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
income
-
-
-
5 154
surtax
-
-
-
-
social contributions

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

-
-
-
18 592
total
-
-
-
23 746
Employee
19 428
-
43 232
-
surtax
-
-
-
-
social contributions
2 137
-
4 755
-
income
3 796
-
11 657
-
total
5 933
-
16 412
-
Employer
19 428
-
43 232
-
social contributions
4 614
-
10 268
-
total
4 614
-
10 268
-
Corporate
29 458
53 500
-
-
income
6 186
11 235
-
-
surtax
-
-
-
-
total
6 186
11 235
-
-
Dividends
23 273
42 265
-
-
withholding
6 516
11 834
-
-
total
6 516
11 834
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 249
23 069
26 680
23 746
After tax
30 251
30 431
26 820
29 754
Living cost
13 495
13 495
13 495
13 495
Free-cash
16 756
16 936
13 325
16 259

Estimated living cost  is ₴13495 per week

₴9558
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴938
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.
₴2760
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴18448
₴10425
₴11426
₴14629
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
418
income
-
-
-
10 562
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
24 482
Employee
24 175
-
40 567
-
other
24
-
41
-
unemployment
374
-
629
-
pensions
1 136
-
1 906
-
income
5 049
-
9 974
-
total
6 583
-
12 550
-
Employer
24 175
-
40 567
-
pensions
5 705
-
9 574
-
accident
479
-
804
-
unemployment
1 330
-
2 231
-
other
194
-
324
-
total
7 708
-
12 933
-
Corporate
21 618
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.

3 243
8 025
-
-
total
3 243
8 025
-
-
Dividends
18 375
45 475
-
-
withholding
3 745
9 435
-
-
total
3 745
9 435
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 279
17 460
25 483
24 482
After tax
32 221
36 040
28 017
29 018
Living cost
17 592
17 592
17 592
17 592
Free-cash
14 629
18 448
10 425
11 426

Estimated living cost  is ₴17592 per week

₴12634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3343
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37131
₴33921
₴32195
₴34082
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
8 025
unemployment
-
-
-
70
health
-
-
-
2 011
pensions

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

-
-
-
2 588
total
-
-
-
12 694
Employee
11 402
-
50 070
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
pensions

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

1 001
-
1 535
-
income
1 140
-
5 007
-
health
525
-
804
-
total
2 791
-
7 538
-
Employer
11 402
-
50 070
-
health
787
-
1 206
-
pensions

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

1 256
-
1 927
-
accident

We are using the highest rate at 1.1%.

125
-
192
-
unemployment
68
-
105
-
total
2 236
-
3 430
-
Corporate
39 861
53 500
-
-
income
3 986
5 350
-
-
total
3 986
5 350
-
-
Dividends
35 874
48 150
-
-
withholding
1 794
2 408
-
-
total
1 794
2 408
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 807
7 758
10 968
12 694
After tax
42 693
45 742
42 532
40 806
Living cost
8 611
8 611
8 611
8 611
Free-cash
34 082
37 131
33 921
32 195

Estimated living cost  is ₴8611 per week

₴5695
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴493
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2218
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8263
₴18309
₴13972
₴14814
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
income

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

-
-
-
11 797
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.

-
-
-
649
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.

-
-
-
3 420
trade
-
-
-
4 337
total
-
-
-
20 203
Employee

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

24 906
-
53 500
-
surtax

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

113
-
649
-
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.

2 048
-
11 797
-
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.

3 420
-
3 420
-
total
5 581
-
15 866
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 594
53 500
-
-
income
4 289
8 025
-
-
surtax

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

236
442
-
-
chamber of commerce
118
155
-
-
trade
4 104
7 677
-
-
total
8 747
16 299
-
-
Dividends
19 848
37 201
-
-
surtax

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

262
502
-
-
withholding
4 771
9 111
-
-
total
5 033
9 613
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 361
25 912
15 866
20 203
After tax
34 139
27 588
37 634
33 297
Living cost
19 325
19 325
19 325
19 325
Free-cash
14 814
8 263
18 309
13 972

Estimated living cost  is ₴19325 per week

₴13331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2079
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.
₴3634
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8937
₴7030
₴7030
₴10041
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
13 126
social contributions
-
-
-
4 830
total
-
-
-
17 956
Employee
39 155
-
53 500
-
income
7 388
-
13 126
-
social contributions
3 253
-
4 830
-
total
10 641
-
17 956
-
Employer
39 155
-
53 500
-
total
-
-
-
-
Corporate
14 345
53 500
-
-
income
1 793
6 687
-
-
total
1 793
6 687
-
-
Dividends
12 552
46 813
-
-
withholding
2 511
9 362
-
-
total
2 511
9 362
-
-
Income
53 500
53 500
53 500
53 500
Total tax
14 945
16 049
17 956
17 956
After tax
38 555
37 451
35 544
35 544
Living cost
28 514
28 514
28 514
28 514
Free-cash
10 041
8 937
7 030
7 030

Estimated living cost  is ₴28514 per week

₴21693
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2323
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.
₴4225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13959
₴21175
₴18052
₴15708
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
53 500
income
-
-
-
14 249
health

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

-
-
-
3 028
total
-
-
-
17 277
Employee
22 963
-
51 197
-
income
2 492
-
9 549
-
social contributions
2 301
-
2 303
-
total
4 793
-
11 852
-
Employer
22 963
-
51 197
-
social contributions
2 301
-
2 303
-
total
2 301
-
2 303
-
Corporate
28 237
53 500
-
-
income
9 883
18 725
-
-
total
9 883
18 725
-
-
Dividends
18 354
34 775
-
-
social contributions
2 645
2 645
-
-
total
2 645
2 645
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 622
21 370
14 155
17 277
After tax
33 878
32 130
39 345
36 223
Living cost
18 170
18 170
18 170
18 170
Free-cash
15 708
13 959
21 175
18 052

Estimated living cost  is ₴18170 per week

₴11969
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1432
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.
₴4490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20136
₴14694
₴19449
₴18598
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 578
pensions
-
-
-
3 819
total
-
-
-
15 397
Employee
25 605
-
47 059
-
pensions
1 954
-
4 529
-
income
4 663
-
8 408
-
health
334
-
774
-
total
6 951
-
13 711
-
Employer
25 605
-
47 059
-
health
487
-
894
-
pensions
2 587
-
5 547
-
total
3 074
-
6 441
-
Corporate
24 822
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.

4 716
10 165
-
-
total
4 716
10 165
-
-
Dividends
20 106
43 335
-
-
withholding
1 507
4 545
-
-
total
1 507
4 545
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 248
14 710
20 152
15 397
After tax
37 252
38 790
33 348
38 103
Living cost
18 654
18 654
18 654
18 654
Free-cash
18 598
20 136
14 694
19 449

Estimated living cost  is ₴18654 per week

₴12796
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1715
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-₴7749
₴15719
₴24619
₴2480
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
accident
-
-
-
128
income
-
-
-
13 265
other
-
-
-
188
health
-
-
-
1 106
pensions
-
-
-
2 111
total
-
-
-
16 798
Employee
19 008
-
46 016
-
pensions
2 140
-
3 870
-
income
2 608
-
9 076
-
health
2 176
-
5 269
-
total
6 924
-
18 215
-
Employer
19 008
-
46 016
-
pensions
3 091
-
5 588
-
accident
317
-
768
-
unemployment
466
-
1 127
-
total
3 874
-
7 483
-
Corporate
30 619
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.

27 557
48 150
-
-
total
27 557
48 150
-
-
Dividends
3 062
5 350
-
-
withholding
582
1 016
-
-
total
582
1 016
-
-
Income
53 500
53 500
53 500
53 500
Total tax
38 937
49 166
25 698
16 798
After tax
14 563
4 334
27 802
36 702
Living cost
12 083
12 083
12 083
12 083
Free-cash
2 480
-7 749
15 719
24 619

Estimated living cost  is ₴12083 per week

₴8868
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴704
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.
₴2268
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38256
₴27430
₴23727
₴36276
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 296
unemployment
-
-
-
642
work injury
-
-
-
268
health insurance
-
-
-
3 959
pensions
-
-
-
9 844
total
-
-
-
23 009
Employee

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

10 822
-
53 500
-
health insurance
801
-
2 963
-
unemployment
130
-
480
-
work injury
54
-
200
-
pensions
1 991
-
7 367
-
income
1 082
-
8 296
-
total
4 058
-
19 306
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
42 678
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
42 678
52 965
-
-
withholding
6 402
7 945
-
-
total
6 402
7 945
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 460
8 480
19 306
23 009
After tax
43 040
45 020
34 194
30 491
Living cost
6 764
6 764
6 764
6 764
Free-cash
36 276
38 256
27 430
23 727

Estimated living cost  is ₴6764 per week

₴4190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴491
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.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8239
₴4288
₴6736
₴5962
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
social contributions
-
-
-
13 760
regional
-
-
-
1 100
municipal
-
-
-
358
national
-
-
-
11 605
total
-
-
-
26 823
Employee
42 180
-
53 500
-
municipal
252
-
319
-
national
7 128
-
9 979
-
regional
637
-
932
-
social contributions
14 223
-
18 041
-
total
22 240
-
29 271
-
Employer
42 180
-
53 500
-
total
-
-
-
-
Corporate
11 320
53 500
-
-
municipal
545
2 579
-
-
nationa
2 717
12 840
-
-
total
3 262
15 419
-
-
Dividends
8 058
38 081
-
-
withholding
2 095
9 901
-
-
total
2 095
9 901
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 597
25 320
29 271
26 823
After tax
25 903
28 180
24 229
26 677
Living cost
19 941
19 941
19 941
19 941
Free-cash
5 962
8 239
4 288
6 736

Estimated living cost  is ₴19941 per week

₴14007
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4260
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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