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
₴14010
₴18762
₴17421
₴22702
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
trade
-
-
-
5 281
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.

-
-
-
14 081
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.

-
-
-
2 934
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.

-
-
-
774
total
-
-
-
23 070
Employee

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

16 427
-
53 500
-
health

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

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

2 934
-
2 934
-
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.

25
-
774
-
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.

459
-
14 081
-
total
3 418
-
17 789
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 073
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.

306
442
-
-
income
5 561
8 025
-
-
trade
5 839
8 427
-
-
chamber of commerce
118
142
-
-
total
11 824
17 036
-
-
Dividends
25 249
36 465
-
-
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.

338
492
-
-
withholding
6 149
8 953
-
-
total
6 487
9 445
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 729
26 481
17 789
23 070
After tax
31 771
27 019
35 711
30 430
Living cost
13 009
13 009
13 009
13 009
Free-cash
18 762
14 010
22 702
17 421

Estimated living cost  is ₴13009 per week

₴8183
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1517
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.
₴3066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11713
₴11352
₴10285
₴10704
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
municipal
-
-
-
5 706
pensions
-
-
-
6 420
national
-
-
-
8 843
social contributions
-
-
-
575
total
-
-
-
21 544
Employee
33 595
-
46 250
-
municipal
4 149
-
5 914
-
pensions
1 344
-
1 850
-
national
6 430
-
9 164
-
total
11 923
-
16 928
-
Employer
33 595
-
46 250
-
social contributions
361
-
497
-
pensions
2 688
-
3 700
-
total
3 049
-
4 197
-
Corporate
14 639
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%.

2 928
10 700
-
-
total
2 928
10 700
-
-
Dividends
11 711
42 800
-
-
withholding
2 577
9 416
-
-
total
2 577
9 416
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 477
20 116
21 125
21 544
After tax
33 023
33 384
32 375
31 956
Living cost
21 671
21 671
21 671
21 671
Free-cash
11 352
11 713
10 704
10 285

Estimated living cost  is ₴21671 per week

₴14730
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2015
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.
₴4603
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33865
₴30341
₴6435
₴21100
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
53 500
microenterprise
-
-
-
-
income
-
-
-
8 031
surtax
-
-
-
13 643
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.

-
-
-
16 456
total
-
-
-
38 130
Employee
12 550
-
43 114
-
social contributions

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

1 381
-
4 743
-
surtax
-
-
-
-
income
2 234
-
8 336
-
total
3 615
-
13 079
-
Employer
12 550
-
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.

3 023
-
10 386
-
surtax
-
-
-
-
total
3 023
-
10 386
-
Corporate
37 927
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%.

7 586
10 700
-
-
total
7 586
10 700
-
-
Dividends

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

30 342
42 800
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
14 224
10 700
23 465
38 130
After tax
39 276
42 800
30 035
15 370
Living cost
8 935
8 935
8 935
8 935
Free-cash
30 341
33 865
21 100
6 435

Estimated living cost  is ₴8935 per week

₴5700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴851
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2181
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8166
₴5536
₴12767
₴11208
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
12 413
pensions
-
-
-
5 032
health
-
-
-
5 296
total
-
-
-
22 741
Employee
36 677
36 677
45 528
-
health
5 629
4 788
5 293
-
income

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

6 003
6 003
6 003
-
pensions
6 602
5 032
5 032
-
total
18 234
15 823
16 328
-
Employer
36 677
36 677
45 528
-
unemployment
1 320
1 320
1 639
-
pensions
2 553
2 553
3 169
-
health
2 549
2 549
3 164
-
total
6 422
6 422
7 972
-
Corporate
10 851
10 401
-
-
income
2 170
2 080
-
-
total
2 170
2 080
-
-
Dividends
8 680
8 321
-
-
income
1 844
1 769
-
-
withholding
1 302
1 248
-
-
total
3 146
3 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
29 972
27 342
24 300
22 741
After tax
23 528
26 158
29 200
30 759
Living cost
17 992
17 992
17 992
17 992
Free-cash
5 536
8 166
11 208
12 767

Estimated living cost  is ₴17992 per week

₴12750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
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.
₴3333
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12689
₴12319
₴11899
₴11453
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
municipal
-
-
-
12 826
accident
-
-
-
72
pensions
-
-
-
3 914
other
-
-
-
4 208
unemployment
-
-
-
36
health
-
-
-
2 259
national
-
-
-
1 764
total
-
-
-
25 079
Employee
23 542
-
42 123
-
municipal
7 020
-
12 561
-
national
-
-
1 587
-
total
7 020
-
14 148
-
Employer
23 542
-
42 123
-
accident
47
-
72
-
other
2 736
-
4 208
-
unemployment
621
-
956
-
pensions
2 545
-
3 914
-
health
1 448
-
2 227
-
total
7 397
-
11 377
-
Corporate
22 561
53 500
-
-
income
4 963
11 770
-
-
total
4 963
11 770
-
-
Dividends
17 598
41 730
-
-
withholding
5 279
12 519
-
-
total
5 279
12 519
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 659
24 289
25 525
25 079
After tax
28 841
29 211
27 975
28 421
Living cost
16 522
16 522
16 522
16 522
Free-cash
12 319
12 689
11 453
11 899

Estimated living cost  is ₴16522 per week

₴10950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1621
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.
₴3700
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9873
₴15907
₴13323
₴18839
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
trade
-
-
-
5 516
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.

-
-
-
14 081
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.

-
-
-
2 934
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.

-
-
-
774
total
-
-
-
23 305
Employee

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

21 780
-
53 500
-
health

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

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

2 934
-
2 934
-
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.

103
-
774
-
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.

1 871
-
14 081
-
total
4 908
-
17 789
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
31 720
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.

262
442
-
-
income
4 758
8 025
-
-
trade
5 218
8 801
-
-
chamber of commerce
110
141
-
-
total
10 348
17 409
-
-
Dividends
21 372
36 092
-
-
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.

285
487
-
-
withholding
5 180
8 859
-
-
total
5 465
9 346
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 721
26 755
17 789
23 305
After tax
32 779
26 745
35 711
30 195
Living cost
16 872
16 872
16 872
16 872
Free-cash
15 907
9 873
18 839
13 323

Estimated living cost  is ₴16872 per week

₴11284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1779
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3557
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25171
₴23390
₴23561
₴22989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 696
health
-
-
-
1 364
social contributions
-
-
-
6 949
total
-
-
-
16 009
Employee
33 026
33 026
48 898
-
social contributions
1 605
2 741
3 697
-
health
328
562
831
-
income
3 468
3 057
7 451
-
total
5 401
6 360
11 979
-
Employer
33 026
33 026
48 898
-
social contributions
1 605
2 741
3 697
-
health
358
611
905
-
total
1 963
3 352
4 602
-
Corporate
32 206
17 122
-
-
income
4 025
2 140
-
-
total
4 025
2 140
-
-
Dividends
28 180
14 982
-
-
withholding
4 791
2 547
-
-
total
4 791
2 547
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 180
14 399
16 581
16 009
After tax
37 320
39 101
36 919
37 491
Living cost
13 930
13 930
13 930
13 930
Free-cash
23 390
25 171
22 989
23 561

Estimated living cost  is ₴13930 per week

₴9523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1088
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3086
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22284
₴22447
₴29246
₴23197
S + D Salary + Dividends

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

Dividends

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

Salary

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

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

The minimum wage is 138,000 HUF per month.

11 284
4 491
44 770
-
health
790
314
3 134
-
income
1 380
549
5 473
-
pensions
1 128
449
4 477
-
unemployment
169
67
672
-
total
3 467
1 379
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.

11 284
4 491
44 770
-
pensions
2 200
876
8 730
-
total
2 200
876
8 730
-
Corporate
40 015
48 133
-
-
income
3 601
4 332
-
-
total
3 601
4 332
-
-
Dividends
36 414
43 801
-
-
social contributions
7 049
8 490
-
-
withholding
6 919
8 322
-
-
total
13 968
16 812
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 236
23 399
22 486
16 437
After tax
30 264
30 101
31 014
37 063
Living cost
7 817
7 817
7 817
7 817
Free-cash
22 447
22 284
23 197
29 246

Estimated living cost  is ₴7817 per week

₴5335
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴156
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1687
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32426
₴29756
₴18301
₴20464
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
7 169
pensions
-
-
-
10 701
health
-
-
-
6 955
total
-
-
-
24 825
Employee
12 184
-
39 985
-
income
1 372
-
7 709
-
pensions
244
-
800
-
unemployment
195
-
640
-
total
1 811
-
9 149
-
Employer
12 184
-
39 985
-
unemployment
98
-
319
-
pensions
2 437
-
7 996
-
health
1 584
-
5 198
-
total
4 119
-
13 513
-
Corporate
37 198
53 500
-
-
income
7 440
10 700
-
-
total
7 440
10 700
-
-
Dividends
29 758
42 800
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
13 370
10 700
22 662
24 825
After tax
40 130
42 800
30 838
28 675
Living cost
10 374
10 374
10 374
10 374
Free-cash
29 756
32 426
20 464
18 301

Estimated living cost  is ₴10374 per week

₴7115
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.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2432
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴5082
₴2889
₴27236
₴18877
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
13 868
pensions
-
-
-
1 781
other
-
-
-
159
health
-
-
-
933
total
-
-
-
16 849
Employee
14 811
-
46 855
-
health
1 696
-
5 365
-
income
2 032
-
9 933
-
pensions
1 668
-
3 265
-
total
5 396
-
18 563
-
Employer
14 811
-
46 855
-
accident
247
-
782
-
unemployment
363
-
1 148
-
pensions
2 408
-
4 715
-
total
3 018
-
6 645
-
Corporate
35 671
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.

32 104
48 150
-
-
total
32 104
48 150
-
-
Dividends
3 567
5 350
-
-
withholding
678
1 017
-
-
total
678
1 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
41 196
49 167
25 208
16 849
After tax
12 304
4 333
28 292
36 651
Living cost
9 415
9 415
9 415
9 415
Free-cash
2 889
-5 082
18 877
27 236

Estimated living cost  is ₴9415 per week

₴6901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴522
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴197
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1797
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46961
₴46237
₴49101
₴38936
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
microenterprise

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

-
-
-
535
total
-
-
-
535
Employee
4 830
-
53 500
-
income
966
-
10 700
-
total
966
-
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%.

48 670
53 500
-
-
total
-
-
-
-
Dividends
48 670
53 500
-
-
withholding
2 433
2 675
-
-
total
2 433
2 675
-
-
Income
53 500
53 500
53 500
53 500
Total tax
3 399
2 675
10 700
535
After tax
50 101
50 825
42 800
52 965
Living cost
3 864
3 864
3 864
3 864
Free-cash
46 237
46 961
38 936
49 101

Estimated living cost  is ₴3864 per week

₴2394
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴321
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴106
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27862
₴24962
₴17198
₴19412
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 124
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.

-
-
-
12 839
other
-
-
-
2 541
health
-
-
-
2 354
total
-
-
-
24 858
Employee
15 594
-
42 733
-
health
218
-
598
-
income
2 685
-
7 862
-
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.

1 091
-
2 991
-
unemployment
156
-
427
-
total
4 150
-
11 878
-
Employer
15 594
-
42 733
-
accident
125
-
341
-
other
780
-
2 136
-
unemployment
156
-
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.

2 651
-
7 264
-
health
218
-
598
-
total
3 930
-
10 766
-
Corporate
33 976
53 500
-
-
income
7 135
11 235
-
-
total
7 135
11 235
-
-
Dividends
26 841
42 265
-
-
withholding
1 879
2 959
-
-
total
1 879
2 959
-
-
Income
53 500
53 500
53 500
53 500
Total tax
17 094
14 194
22 644
24 858
After tax
36 406
39 306
30 856
28 642
Living cost
11 444
11 444
11 444
11 444
Free-cash
24 962
27 862
19 412
17 198

Estimated living cost  is ₴11444 per week

₴8086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴773
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴184
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2401
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8559
₴5249
₴8275
₴3308
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
12 888
pensions
-
-
-
3 436
total
-
-
-
16 324
Employee
40 891
-
46 945
-
health
674
-
768
-
income
7 371
-
9 576
-
pensions
3 945
-
4 391
-
total
11 990
-
14 735
-
Employer
40 891
-
46 945
-
pensions
4 828
-
5 664
-
health
777
-
892
-
total
5 605
-
6 556
-
Corporate
7 005
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.

1 330
10 165
-
-
total
1 330
10 165
-
-
Dividends
5 674
43 335
-
-
withholding
425
5 875
-
-
total
425
5 875
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 350
16 040
21 291
16 324
After tax
34 150
37 460
32 209
37 176
Living cost
28 901
28 901
28 901
28 901
Free-cash
5 249
8 559
3 308
8 275

Estimated living cost  is ₴28901 per week

₴21656
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴40105
₴38109
₴35828
₴37687
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 223
unemployment
-
-
-
60
health
-
-
-
1 727
total
-
-
-
12 035
Employee
7 465
-
50 553
-
health
343
-
691
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
746
-
5 055
-
pensions

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

655
-
1 319
-
total
1 826
-
7 230
-
Employer
7 465
-
50 553
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
45
-
90
-
pensions

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

823
-
1 655
-
health
515
-
1 036
-
total
1 465
-
2 946
-
Corporate
44 571
53 500
-
-
income
4 457
5 350
-
-
total
4 457
5 350
-
-
Dividends
40 114
48 150
-
-
withholding
2 006
2 408
-
-
total
2 006
2 408
-
-
Income
53 500
53 500
53 500
53 500
Total tax
9 754
7 758
10 176
12 035
After tax
43 746
45 742
43 324
41 465
Living cost
5 637
5 637
5 637
5 637
Free-cash
38 109
40 105
37 687
35 828

Estimated living cost  is ₴5637 per week

₴3291
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴403
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴149
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1794
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2342
₴3422
₴6943
₴5384
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
12 413
pensions
-
-
-
5 032
health
-
-
-
5 296
total
-
-
-
22 741
Employee
39 819
36 677
45 528
-
health
4 968
4 788
5 293
-
income

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

6 003
6 003
6 003
-
pensions
5 032
5 032
5 032
-
total
16 003
15 823
16 328
-
Employer
39 819
36 677
45 528
-
unemployment
1 434
1 320
1 639
-
pensions
2 771
2 553
3 169
-
health
2 767
2 549
3 164
-
total
6 972
6 422
7 972
-
Corporate
6 709
10 401
-
-
income
1 342
2 080
-
-
total
1 342
2 080
-
-
Dividends
5 368
8 321
-
-
income
1 140
1 769
-
-
withholding
805
1 248
-
-
total
1 945
3 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
26 262
27 342
24 300
22 741
After tax
27 238
26 158
29 200
30 759
Living cost
23 816
23 816
23 816
23 816
Free-cash
3 422
2 342
5 384
6 943

Estimated living cost  is ₴23816 per week

₴17568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2127
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.
₴3848
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26511
₴22828
₴16385
₴16826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 713
health
-
-
-
7 222
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 856
total
-
-
-
26 791
Employee
15 183
-
39 925
-
social contributions
987
-
2 595
-
health
2 050
-
5 390
-
solidarity contribution
-
-
-
-
income
1 822
-
4 791
-
total
4 859
-
12 776
-
Employer
15 183
-
39 925
-
social contributions
3 796
-
9 981
-
health
1 366
-
3 593
-
total
5 162
-
13 574
-
Corporate
33 155
53 500
-
-
income
6 299
10 165
-
-
total
6 299
10 165
-
-
Dividends
26 856
43 335
-
-
withholding
4 028
6 500
-
-
total
4 028
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 348
16 665
26 350
26 791
After tax
33 152
36 835
27 150
26 709
Living cost
10 324
10 324
10 324
10 324
Free-cash
22 828
26 511
16 826
16 385

Estimated living cost  is ₴10324 per week

₴7171
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.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2215
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10422
₴8179
₴8588
₴6042
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
municipal
-
-
-
318
regional
-
-
-
609
national
-
-
-
12 102
social contributions
-
-
-
13 760
total
-
-
-
26 789
Employee
38 170
-
53 500
-
social contributions
12 871
-
18 040
-
regional
360
-
535
-
municipal
202
-
284
-
national
6 614
-
10 476
-
total
20 047
-
29 335
-
Employer
38 170
-
53 500
-
total
-
-
-
-
Corporate
15 330
53 500
-
-
nationa
3 679
12 840
-
-
municipal
598
2 086
-
-
total
4 277
14 926
-
-
Dividends
11 052
38 573
-
-
withholding
2 874
10 029
-
-
total
2 874
10 029
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 198
24 955
29 335
26 789
After tax
26 302
28 545
24 165
26 711
Living cost
18 123
18 123
18 123
18 123
Free-cash
8 179
10 422
6 042
8 588

Estimated living cost  is ₴18123 per week

₴12633
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1188
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.
₴4023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24175
₴22838
₴16397
₴15515
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 476
pensions
-
-
-
10 700
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 799
surtax
-
-
-
1 553
total
-
-
-
27 626
Employee
14 203
-
44 196
-
other
-
-
-
-
health
363
-
1 127
-
surtax
46
-
1 414
-
income
2 381
-
10 639
-
pensions
947
-
2 948
-
unemployment
989
-
3 076
-
total
4 726
-
19 204
-
Employer
14 203
-
44 196
-
other
-
-
-
-
unemployment
450
-
1 401
-
pensions
1 893
-
5 891
-
health
646
-
2 012
-
total
2 989
-
9 304
-
Corporate
36 308
53 500
-
-
income
9 440
13 910
-
-
total
9 440
13 910
-
-
Dividends
26 868
39 590
-
-
withholding
4 030
5 938
-
-
total
4 030
5 938
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 185
19 848
28 508
27 626
After tax
32 315
33 652
24 992
25 874
Living cost
9 477
9 477
9 477
9 477
Free-cash
22 838
24 175
15 515
16 397

Estimated living cost  is ₴9477 per week

₴5795
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴218
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2589
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17716
₴16940
₴17432
₴12465
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
12 888
pensions
-
-
-
3 436
total
-
-
-
16 324
Employee
27 404
-
46 945
-
health
398
-
768
-
income
4 936
-
9 576
-
pensions
2 326
-
4 391
-
total
7 660
-
14 735
-
Employer
27 404
-
46 945
-
pensions
2 966
-
5 664
-
health
521
-
892
-
total
3 487
-
6 556
-
Corporate
22 609
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.

4 296
10 165
-
-
total
4 296
10 165
-
-
Dividends
18 313
43 335
-
-
withholding
1 373
5 875
-
-
total
1 373
5 875
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 816
16 040
21 291
16 324
After tax
36 684
37 460
32 209
37 176
Living cost
19 744
19 744
19 744
19 744
Free-cash
16 940
17 716
12 465
17 432

Estimated living cost  is ₴19744 per week

₴14792
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3265
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7980
₴5901
₴11706
₴9066
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
city
-
-
-
564
pensions
-
-
-
4 922
other

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

-
-
-
1 070
regional
-
-
-
2 146
health
-
-
-
120
national
-
-
-
527
total
-
-
-
9 349
Employee
37 969
-
47 886
-
city
407
-
514
-
regional
1 243
-
1 848
-
health
86
-
107
-
pensions
3 190
-
4 022
-
unemployment
-
-
-
-
national
180
-
412
-
total
5 106
-
6 903
-
Employer
37 969
-
47 886
-
other

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

759
-
957
-
unemployment
-
-
-
-
pensions
3 190
-
4 022
-
health
86
-
107
-
total
4 035
-
5 086
-
Corporate
11 079
53 500
-
-
regional
2 343
11 315
-
-
national
942
4 547
-
-
total
3 285
15 862
-
-
Dividends
7 794
37 637
-
-
withholding
2 728
13 173
-
-
total
2 728
13 173
-
-
Income
53 500
53 500
53 500
53 500
Total tax
15 154
29 035
11 989
9 349
After tax
38 346
24 465
41 511
44 151
Living cost
32 445
32 445
32 445
32 445
Free-cash
5 901
-7 980
9 066
11 706

Estimated living cost  is ₴32445 per week

₴21098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2912
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴398
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8036
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴6793
₴13761
₴10285
₴16036
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
trade
-
-
-
5 751
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.

-
-
-
14 081
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.

-
-
-
2 934
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.

-
-
-
774
total
-
-
-
23 540
Employee

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

25 811
-
53 500
-
health

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

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

2 934
-
2 934
-
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.

167
-
774
-
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.

3 035
-
14 081
-
total
6 136
-
17 789
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
27 689
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.

228
442
-
-
income
4 153
8 025
-
-
trade
4 748
9 175
-
-
chamber of commerce
104
140
-
-
total
9 233
17 782
-
-
Dividends
18 454
35 718
-
-
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.

245
483
-
-
withholding
4 450
8 767
-
-
total
4 695
9 250
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 064
27 032
17 789
23 540
After tax
33 436
26 468
35 711
29 960
Living cost
19 675
19 675
19 675
19 675
Free-cash
13 761
6 793
16 036
10 285

Estimated living cost  is ₴19675 per week

₴14370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1574
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3476
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12271
₴14807
₴15813
₴17179
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 588
pensions
-
-
-
11 651
other
-
-
-
1 659
health
-
-
-
1 571
surtax
-
-
-
-
social contributions
-
-
-
1 524
total
-
-
-
22 993
Employee
18 381
-
42 666
-
social contributions
524
-
1 215
-
surtax
-
-
-
-
income
1 085
-
7 148
-
pensions
2 078
-
2 432
-
total
3 687
-
10 795
-
Employer
18 381
-
42 666
-
other
634
-
1 472
-
social contributions
55
-
128
-
unemployment
744
-
1 728
-
pensions
3 020
-
4 190
-
health
1 287
-
3 314
-
total
5 740
-
10 832
-
Corporate
29 378
53 500
-
-
surtax
-
-
-
-
income
8 226
14 980
-
-
total
8 226
14 980
-
-
Dividends
21 152
38 520
-
-
surtax
-
-
-
-
social contributions
3 638
6 625
-
-
withholding
2 708
4 930
-
-
total
6 346
11 555
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 999
26 535
21 627
22 993
After tax
29 501
26 965
31 873
30 507
Living cost
14 694
14 694
14 694
14 694
Free-cash
14 807
12 271
17 179
15 813

Estimated living cost  is ₴14694 per week

₴9265
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1195
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3985
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13727
₴16113
₴17269
₴18635
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 588
pensions
-
-
-
11 651
other
-
-
-
1 659
health
-
-
-
1 571
surtax
-
-
-
-
social contributions
-
-
-
1 524
total
-
-
-
22 993
Employee
16 408
-
42 666
-
social contributions
468
-
1 215
-
surtax
-
-
-
-
income
846
-
7 148
-
pensions
1 856
-
2 432
-
total
3 170
-
10 795
-
Employer
16 408
-
42 666
-
other
566
-
1 472
-
social contributions
49
-
128
-
unemployment
664
-
1 728
-
pensions
2 696
-
4 190
-
health
1 148
-
3 314
-
total
5 123
-
10 832
-
Corporate
31 968
53 500
-
-
surtax
-
-
-
-
income
8 951
14 980
-
-
total
8 951
14 980
-
-
Dividends
23 017
38 520
-
-
surtax
-
-
-
-
social contributions
3 959
6 625
-
-
withholding
2 946
4 930
-
-
total
6 905
11 555
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 149
26 535
21 627
22 993
After tax
29 351
26 965
31 873
30 507
Living cost
13 238
13 238
13 238
13 238
Free-cash
16 113
13 727
18 635
17 269

Estimated living cost  is ₴13238 per week

₴7678
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3965
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23532
₴23755
₴25251
₴24799
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
8 025
health
-
-
-
3 734
social contributions
-
-
-
7 383
total
-
-
-
19 142
Employee
14 562
-
53 500
-
social contributions
2 010
-
7 383
-
health
1 016
-
3 734
-
income
2 429
-
8 477
-
total
5 455
-
19 594
-
Employer
14 562
-
53 500
-
total
-
-
-
-
Corporate
38 938
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%.

1 947
2 675
-
-
total
1 947
2 675
-
-
Dividends
36 991
50 825
-
-
health
2 582
3 548
-
-
social contributions
5 105
7 014
-
-
withholding
5 549
7 624
-
-
total
13 236
18 186
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 638
20 861
19 594
19 142
After tax
32 862
32 639
33 906
34 358
Living cost
9 107
9 107
9 107
9 107
Free-cash
23 755
23 532
24 799
25 251

Estimated living cost  is ₴9107 per week

₴6095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴209
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2241
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14681
₴14013
₴11594
-₴262
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
chamber of commerce
-
-
-
214
income
-
-
-
10 719
pensions
-
-
-
9 282
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
85
total
-
-
-
26 772
Employee
21 464
17 116
41 476
-
other
214
171
415
-
health
831
663
1 605
-
income
2 443
1 262
9 130
-
pensions
2 198
1 752
4 247
-
unemployment
644
513
1 245
-
total
6 330
4 361
16 642
-
Employer
21 464
17 116
41 476
-
accident
279
223
540
-
other
1 020
813
1 971
-
chamber of commerce
86
68
166
-
unemployment
644
513
1 245
-
surtax
85
85
85
-
pensions
2 694
2 148
5 205
-
payroll
644
513
1 245
-
health
811
647
1 568
-
total
6 263
5 010
12 025
-
Corporate
25 775
31 373
39 847
-
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.

6 444
7 843
9 961
-
total
6 444
7 843
9 961
-
Dividends
19 331
23 530
-
-
withholding
5 316
6 471
-
-
total
5 316
6 471
-
-
Income
53 500
53 500
53 500
53 500
Total tax
24 353
23 685
38 628
26 772
After tax
29 147
29 815
14 872
26 728
Living cost
15 134
15 134
15 134
15 134
Free-cash
14 013
14 681
-262
11 594

Estimated living cost  is ₴15134 per week

₴10093
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1291
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴14307
₴7868
₴8355
₴4412
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
national
-
-
-
18 268
communal

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

-
-
-
2 699
social contributions
-
-
-
8 518
total
-
-
-
29 485
Employee

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

30 722
-
41 437
-
communal

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

1 602
-
2 161
-
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.

1 443
-
1 948
-
pensions

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

2 304
-
3 108
-
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.

267
-
360
-
national
9 445
-
13 788
-
total
15 061
-
21 365
-
Employer

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

30 722
-
41 437
-
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.

399
-
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.

448
-
605
-
surtax
3 483
-
4 699
-
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.

2 722
-
3 671
-
health

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

1 889
-
2 549
-
total
8 941
-
12 063
-
Corporate
13 836
53 500
-
-
surtax
55
214
-
-
income
2 767
10 700
-
-
total
2 822
10 914
-
-
Dividends
11 013
42 586
-
-
withholding

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

3 148
12 619
-
-
total
3 148
12 619
-
-
Income
53 500
53 500
53 500
53 500
Total tax
29 972
23 533
33 428
29 485
After tax
23 528
29 967
20 072
24 015
Living cost
15 660
15 660
15 660
15 660
Free-cash
7 868
14 307
4 412
8 355

Estimated living cost  is ₴15660 per week

₴10087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1369
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3959
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20417
₴17091
₴14173
₴12110
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
income
-
-
-
11 873
pensions
-
-
-
11 265
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
23 816
Employee
21 379
-
40 809
-
other
21
-
40
-
income
4 511
-
10 660
-
pensions
1 005
-
1 871
-
unemployment
332
-
617
-
total
5 869
-
13 188
-
Employer
21 379
-
40 809
-
accident
423
-
788
-
other
170
-
319
-
unemployment
1 176
-
2 189
-
pensions
5 045
-
9 395
-
total
6 814
-
12 691
-
Corporate
25 307
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.

3 796
8 025
-
-
total
3 796
8 025
-
-
Dividends
21 511
45 475
-
-
withholding
4 419
9 547
-
-
total
4 419
9 547
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 898
17 572
25 879
23 816
After tax
32 602
35 928
27 621
29 684
Living cost
15 511
15 511
15 511
15 511
Free-cash
17 091
20 417
12 110
14 173

Estimated living cost  is ₴15511 per week

₴11422
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1100
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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 Barcelona model

Close
Luxembourg , Luxembourg
₴8962
₴4830
₴5591
₴7725
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
accident
-
-
-
451
income
-
-
-
6 306
pensions
-
-
-
8 019
health
-
-
-
3 759
surtax
-
-
-
2 652
communal
-
-
-
3 382
total
-
-
-
24 569
Employee
32 525
-
47 788
-
health
1 448
-
2 127
-
surtax
1 994
-
2 928
-
income
3 142
-
7 846
-
pensions
2 602
-
3 823
-
total
9 186
-
16 724
-
Employer
32 525
-
47 788
-
accident
293
-
430
-
pensions
2 602
-
3 823
-
health
992
-
1 458
-
total
3 887
-
5 711
-
Corporate
17 089
53 500
-
-
surtax
179
562
-
-
communal
1 153
3 611
-
-
income
2 563
8 025
-
-
total
3 895
12 198
-
-
Dividends
13 193
41 302
-
-
income
6 383
2 805
-
-
withholding
1 979
6 195
-
-
total
8 362
9 000
-
-
Income
53 500
53 500
53 500
53 500
Total tax
25 330
21 198
22 435
24 569
After tax
28 170
32 302
31 065
28 931
Living cost
23 340
23 340
23 340
23 340
Free-cash
4 830
8 962
7 725
5 591

Estimated living cost  is ₴23340 per week

₴17509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1414
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4170
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24005
₴22639
₴16227
₴15345
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 476
pensions
-
-
-
10 700
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 799
surtax
-
-
-
1 553
total
-
-
-
27 626
Employee
14 464
-
44 196
-
other
-
-
-
-
health
369
-
1 127
-
surtax
51
-
1 414
-
income
2 425
-
10 639
-
pensions
965
-
2 948
-
unemployment
1 007
-
3 076
-
total
4 817
-
19 204
-
Employer
14 464
-
44 196
-
other
-
-
-
-
unemployment
459
-
1 401
-
pensions
1 928
-
5 891
-
health
658
-
2 012
-
total
3 045
-
9 304
-
Corporate
35 991
53 500
-
-
income
9 357
13 910
-
-
total
9 357
13 910
-
-
Dividends
26 634
39 590
-
-
withholding
3 995
5 938
-
-
total
3 995
5 938
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 214
19 848
28 508
27 626
After tax
32 286
33 652
24 992
25 874
Living cost
9 647
9 647
9 647
9 647
Free-cash
22 639
24 005
15 345
16 227

Estimated living cost  is ₴9647 per week

₴5824
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴839
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴224
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16551
₴15599
₴14945
₴12411
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
municipal
-
-
-
318
regional
-
-
-
806
national
-
-
-
12 102
social contributions
-
-
-
13 760
total
-
-
-
26 986
Employee
23 824
-
53 500
-
social contributions
8 034
-
18 040
-
regional
321
-
720
-
municipal
126
-
284
-
national
3 774
-
10 476
-
total
12 255
-
29 520
-
Employer
23 824
-
53 500
-
total
-
-
-
-
Corporate
29 676
53 500
-
-
nationa
7 122
12 840
-
-
municipal
1 475
2 659
-
-
total
8 597
15 499
-
-
Dividends
21 079
38 001
-
-
withholding
5 480
9 881
-
-
total
5 480
9 881
-
-
Income
53 500
53 500
53 500
53 500
Total tax
26 332
25 380
29 520
26 986
After tax
27 168
28 120
23 980
26 514
Living cost
11 569
11 569
11 569
11 569
Free-cash
15 599
16 551
12 411
14 945

Estimated living cost  is ₴11569 per week

₴7195
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴198
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3004
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model

Close
Prague , Czech Republic
₴24113
₴19574
₴13987
₴14428
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 713
health
-
-
-
7 222
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 856
total
-
-
-
26 791
Employee
18 709
-
39 925
-
social contributions
1 216
-
2 595
-
health
2 526
-
5 390
-
solidarity contribution
-
-
-
-
income
2 245
-
4 791
-
total
5 987
-
12 776
-
Employer
18 709
-
39 925
-
social contributions
4 677
-
9 981
-
health
1 684
-
3 593
-
total
6 361
-
13 574
-
Corporate
28 430
53 500
-
-
income
5 402
10 165
-
-
total
5 402
10 165
-
-
Dividends
23 028
43 335
-
-
withholding
3 454
6 500
-
-
total
3 454
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
21 204
16 665
26 350
26 791
After tax
32 296
36 835
27 150
26 709
Living cost
12 722
12 722
12 722
12 722
Free-cash
19 574
24 113
14 428
13 987

Estimated living cost  is ₴12722 per week

₴9461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴705
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2336
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴16160
₴15946
₴13111
₴1186
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
chamber of commerce
-
-
-
214
income
-
-
-
10 719
pensions
-
-
-
9 282
unemployment
-
-
-
2 634
health
-
-
-
3 838
surtax
-
-
-
-
total
-
-
-
26 687
Employee
18 774
17 116
41 543
-
other
187
171
416
-
health
726
663
1 608
-
income
1 672
1 262
9 154
-
pensions
1 923
1 752
4 254
-
unemployment
563
513
1 246
-
total
5 071
4 361
16 678
-
Employer
18 774
17 116
41 543
-
accident
244
223
540
-
other
892
813
1 973
-
chamber of commerce
75
68
166
-
unemployment
563
513
1 246
-
surtax
-
-
-
-
pensions
2 356
2 148
5 214
-
payroll
563
513
1 246
-
health
710
647
1 571
-
total
5 403
4 925
11 956
-
Corporate
29 323
31 458
39 913
-
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.

7 330
7 864
9 978
-
total
7 330
7 864
9 978
-
Dividends
21 993
23 594
-
-
withholding
6 048
6 488
-
-
total
6 048
6 488
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 852
23 638
38 612
26 687
After tax
29 648
29 862
14 888
26 813
Living cost
13 702
13 702
13 702
13 702
Free-cash
15 946
16 160
1 186
13 111

Estimated living cost  is ₴13702 per week

₴8220
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1399
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44804
₴43675
₴46944
₴36779
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 526
-
53 500
-
income
1 505
-
10 700
-
total
1 505
-
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%.

45 974
53 500
-
-
total
-
-
-
-
Dividends
45 974
53 500
-
-
withholding
2 299
2 675
-
-
total
2 299
2 675
-
-
Income
53 500
53 500
53 500
53 500
Total tax
3 804
2 675
10 700
535
After tax
49 696
50 825
42 800
52 965
Living cost
6 021
6 021
6 021
6 021
Free-cash
43 675
44 804
36 779
46 944

Estimated living cost  is ₴6021 per week

₴4074
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25315
₴21722
₴15697
₴14163
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 168
pensions
-
-
-
9 771
unemployment
-
-
-
80
health
-
-
-
5 264
total
-
-
-
26 283
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.

18 992
-
46 292
-
health
1 227
-
2 990
-
income
3 275
-
10 378
-
pensions
2 944
-
7 176
-
unemployment
27
-
65
-
total
7 473
-
20 609
-
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.

18 992
-
46 292
-
unemployment
11
-
28
-
pensions
1 681
-
4 097
-
health
1 265
-
3 083
-
total
2 957
-
7 208
-
Corporate
31 551
53 500
-
-
income
5 995
10 165
-
-
total
5 995
10 165
-
-
Dividends
25 556
43 335
-
-
withholding
3 833
6 500
-
-
total
3 833
6 500
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 258
16 665
27 817
26 283
After tax
33 242
36 835
25 683
27 217
Living cost
11 520
11 520
11 520
11 520
Free-cash
21 722
25 315
14 163
15 697

Estimated living cost  is ₴11520 per week

₴7906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴223
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2653
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14067
-₴10365
₴18491
₴29383
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
26 500
-
-
-
social contributions
2 173
-
310
-
income
5 845
-
-
-
total
8 018
-
310
-
Employer
26 500
-
-
-
social contributions
37 365
-
5 325
-
total
37 365
-
5 325
-
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
45 383
20 951
5 635
16 527
After tax
8 117
32 549
47 865
36 973
Living cost
18 482
18 482
18 482
18 482
Free-cash
-10 365
14 067
29 383
18 491

Estimated living cost  is ₴18482 per week

₴11992
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴236
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4516
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Oslo model

Close
Lisbon , Portugal
₴16959
₴16527
₴15921
₴12544
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 516
surtax
-
-
-
-
social contributions

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

-
-
-
18 591
total
-
-
-
24 107
Employee
19 753
-
43 232
-
social contributions
2 173
-
4 756
-
surtax
-
-
-
-
income
4 109
-
12 460
-
total
6 282
-
17 216
-
Employer
19 753
-
43 232
-
social contributions
4 691
-
10 268
-
total
4 691
-
10 268
-
Corporate
29 056
53 500
-
-
surtax
-
-
-
-
income
6 101
11 235
-
-
total
6 101
11 235
-
-
Dividends
22 954
42 265
-
-
withholding
6 427
11 834
-
-
total
6 427
11 834
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 501
23 069
27 484
24 107
After tax
29 999
30 431
26 016
29 393
Living cost
13 472
13 472
13 472
13 472
Free-cash
16 527
16 959
12 544
15 921

Estimated living cost  is ₴13472 per week

₴10080
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴795
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴225
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2373
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6221
₴9171
₴9763
₴11129
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 588
pensions
-
-
-
11 651
other
-
-
-
1 659
health
-
-
-
1 571
surtax
-
-
-
-
social contributions
-
-
-
1 524
total
-
-
-
22 993
Employee
26 900
-
42 666
-
social contributions
766
-
1 215
-
surtax
-
-
-
-
income
2 347
-
7 148
-
pensions
3 043
-
2 432
-
total
6 156
-
10 795
-
Employer
26 900
-
42 666
-
other
928
-
1 472
-
social contributions
81
-
128
-
unemployment
1 090
-
1 728
-
pensions
4 420
-
4 190
-
health
1 883
-
3 314
-
total
8 402
-
10 832
-
Corporate
18 199
53 500
-
-
surtax
-
-
-
-
income
5 096
14 980
-
-
total
5 096
14 980
-
-
Dividends
13 103
38 520
-
-
surtax
-
-
-
-
social contributions
2 254
6 625
-
-
withholding
1 677
4 930
-
-
total
3 931
11 555
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 585
26 535
21 627
22 993
After tax
29 915
26 965
31 873
30 507
Living cost
20 744
20 744
20 744
20 744
Free-cash
9 171
6 221
11 129
9 763

Estimated living cost  is ₴20744 per week

₴14039
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1697
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35240
₴33798
₴27255
₴28676
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 565
social contributions
-
-
-
11 770
total
-
-
-
13 335
Employee
13 808
-
46 320
-
income
-
-
1 723
-
social contributions
897
-
3 011
-
total
897
-
4 734
-
Employer
13 808
-
46 320
-
social contributions
2 140
-
7 180
-
total
2 140
-
7 180
-
Corporate
37 552
53 500
-
-
income
3 755
5 350
-
-
total
3 755
5 350
-
-
Dividends
33 797
48 150
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
6 792
5 350
11 914
13 335
After tax
46 708
48 150
41 586
40 165
Living cost
12 910
12 910
12 910
12 910
Free-cash
33 798
35 240
28 676
27 255

Estimated living cost  is ₴12910 per week

₴8348
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3347
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴40134
-₴40134
₴11861
-₴40134
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
municipal
-
-
-
10 485
pensions
-
-
-
373
national
-
-
-
5 834
labour market
-
-
-
4 250
total
-
-
-
20 942
Employee
87 358
87 358
87 358
-
labour market
6 979
6 979
6 979
-
national
10 672
10 672
10 672
-
municipal
18 602
18 602
18 602
-
pensions
124
124
124
-
total
36 377
36 377
36 377
-
Employer
87 358
87 358
87 358
-
labour market
6 989
6 989
6 989
-
municipal
18 632
18 632
18 632
-
pensions
248
248
248
-
national
10 691
10 691
10 691
-
total
36 560
36 560
36 560
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
53 500
53 500
53 500
53 500
Total tax
72 937
72 937
72 937
20 942
After tax
-19 437
-19 437
-19 437
32 558
Living cost
20 697
20 697
20 697
20 697
Free-cash
-40 134
-40 134
-40 134
11 861

Estimated living cost  is ₴20697 per week

₴14165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1831
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.
₴4383
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4943
₴2910
₴27375
₴19016
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
13 868
pensions
-
-
-
1 781
other
-
-
-
159
health
-
-
-
933
total
-
-
-
16 849
Employee
14 592
-
46 855
-
health
1 671
-
5 365
-
income
2 002
-
9 933
-
pensions
1 643
-
3 265
-
total
5 316
-
18 563
-
Employer
14 592
-
46 855
-
accident
244
-
782
-
unemployment
358
-
1 148
-
pensions
2 373
-
4 715
-
total
2 975
-
6 645
-
Corporate
35 934
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.

32 340
48 150
-
-
total
32 340
48 150
-
-
Dividends
3 593
5 350
-
-
withholding
683
1 017
-
-
total
683
1 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
41 314
49 167
25 208
16 849
After tax
12 186
4 333
28 292
36 651
Living cost
9 276
9 276
9 276
9 276
Free-cash
2 910
-4 943
19 016
27 375

Estimated living cost  is ₴9276 per week

₴6752
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴529
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.
₴1821
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18277
₴18336
₴20320
₴12984
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
municipal
-
-
-
9 514
health
-
-
-
645
national
-
-
-
6 532
total
-
-
-
16 691
Employee
22 596
-
45 007
-
health
169
-
513
-
municipal
3 701
-
7 341
-
pensions
1 525
-
3 038
-
unemployment
339
-
675
-
national
373
-
3 967
-
total
6 107
-
15 534
-
Employer
22 596
-
45 007
-
accident
23
-
45
-
unemployment
147
-
293
-
pensions
3 920
-
7 809
-
health
174
-
346
-
total
4 264
-
8 493
-
Corporate
26 640
53 500
-
-
income
5 328
10 700
-
-
total
5 328
10 700
-
-
Dividends

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

15 984
32 100
-
-
national
99
2 256
-
-
municipal
2 877
5 778
-
-
total
2 976
8 034
-
-
Income
53 500
53 500
53 500
53 500
Total tax
18 675
18 734
24 027
16 691
After tax
34 825
34 766
29 473
36 809
Living cost
16 489
16 489
16 489
16 489
Free-cash
18 336
18 277
12 984
20 320

Estimated living cost  is ₴16489 per week

₴10771
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1586
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.
₴3871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29157
₴26819
₴27547
₴26975
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 696
health
-
-
-
1 364
social contributions
-
-
-
6 949
total
-
-
-
16 009
Employee
33 026
33 026
48 898
-
social contributions
1 249
2 741
3 697
-
health
256
562
831
-
income
3 596
3 057
7 451
-
total
5 101
6 360
11 979
-
Employer
33 026
33 026
48 898
-
social contributions
1 249
2 741
3 697
-
health
278
611
905
-
total
1 527
3 352
4 602
-
Corporate
36 929
17 122
-
-
income
4 616
2 140
-
-
total
4 616
2 140
-
-
Dividends
32 313
14 982
-
-
withholding
5 493
2 547
-
-
total
5 493
2 547
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 737
14 399
16 581
16 009
After tax
36 763
39 101
36 919
37 491
Living cost
9 944
9 944
9 944
9 944
Free-cash
26 819
29 157
26 975
27 547

Estimated living cost  is ₴9944 per week

₴5960
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴976
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴220
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2789
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37484
₴35300
₴37123
₴28507
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 260
pensions
-
-
-
2 732
unemployment
-
-
-
12
health
-
-
-
1 554
total
-
-
-
9 558
Employee

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

9 858
-
49 303
-
health
838
-
3 464
-
income
674
-
4 196
-
pensions
1 478
-
6 113
-
unemployment
49
-
204
-
total
3 039
-
13 977
-
Employer

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

9 858
-
49 303
-
unemployment
49
-
204
-
pensions
542
-
2 241
-
health
424
-
1 752
-
total
1 015
-
4 197
-
Corporate
42 627
53 500
-
-
income
3 836
4 815
-
-
total
3 836
4 815
-
-
Dividends
38 791
48 685
-
-
withholding
3 491
4 382
-
-
total
3 491
4 382
-
-
Income
53 500
53 500
53 500
53 500
Total tax
11 381
9 197
18 174
9 558
After tax
42 119
44 303
35 326
43 942
Living cost
6 819
6 819
6 819
6 819
Free-cash
35 300
37 484
28 507
37 123

Estimated living cost  is ₴6819 per week

₴4351
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.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1774
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24118
₴21959
₴17874
₴15811
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
income
-
-
-
11 873
pensions
-
-
-
11 265
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
23 816
Employee
15 881
-
40 809
-
other
15
-
40
-
income
3 062
-
10 660
-
pensions
747
-
1 871
-
unemployment
246
-
617
-
total
4 070
-
13 188
-
Employer
15 881
-
40 809
-
accident
315
-
788
-
other
127
-
319
-
unemployment
874
-
2 189
-
pensions
3 748
-
9 395
-
total
5 064
-
12 691
-
Corporate
32 556
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.

4 884
8 025
-
-
total
4 884
8 025
-
-
Dividends
27 673
45 475
-
-
withholding
5 713
9 547
-
-
total
5 713
9 547
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 731
17 572
25 879
23 816
After tax
33 769
35 928
27 621
29 684
Living cost
11 810
11 810
11 810
11 810
Free-cash
21 959
24 118
15 811
17 874

Estimated living cost  is ₴11810 per week

₴7972
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1135
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2496
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32209
₴32016
₴32910
₴32826
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
17 937
pensions
-
-
-
857
health
-
-
-
621
total
-
-
-
19 415
Employee
1 789
-
52 536
-
health
89
-
214
-
income
346
-
17 892
-
pensions
161
-
386
-
unemployment
18
-
43
-
total
614
-
18 535
-
Employer
1 789
-
52 536
-
unemployment
36
-
86
-
pensions
197
-
471
-
health
170
-
407
-
total
403
-
964
-
Corporate
51 308
53 500
-
-
income
11 288
11 770
-
-
total
11 288
11 770
-
-
Dividends
40 020
41 730
-
-
withholding
8 004
8 346
-
-
total
8 004
8 346
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 309
20 116
19 499
19 415
After tax
33 191
33 384
34 001
34 085
Living cost
1 175
1 175
1 175
1 175
Free-cash
32 016
32 209
32 826
32 910

Estimated living cost  is ₴1175 per week

₴698
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴95
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴27
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴354
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31225
₴29112
₴22489
₴22489
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 581
pensions
-
-
-
8 255
unemployment
-
-
-
476
health
-
-
-
3 270
total
-
-
-
23 582
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.

11 203
-
47 817
-
health
577
-
1 635
-
income
1 544
-
11 581
-
pensions
1 568
-
4 445
-
unemployment
84
-
238
-
total
3 773
-
17 899
-
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.

11 203
-
47 817
-
unemployment
84
-
238
-
pensions
1 344
-
3 810
-
health
577
-
1 635
-
total
2 005
-
5 683
-
Corporate
40 292
53 500
-
-
income
6 044
8 025
-
-
total
6 044
8 025
-
-
Dividends
34 248
45 475
-
-
withholding
5 137
6 821
-
-
total
5 137
6 821
-
-
Income
53 500
53 500
53 500
53 500
Total tax
16 959
14 846
23 582
23 582
After tax
36 541
38 654
29 918
29 918
Living cost
7 429
7 429
7 429
7 429
Free-cash
29 112
31 225
22 489
22 489

Estimated living cost  is ₴7429 per week

₴5002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴575
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.
₴1638
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18852
₴18697
₴17814
₴14437
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 516
surtax
-
-
-
-
social contributions

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

-
-
-
18 591
total
-
-
-
24 107
Employee
16 669
-
43 232
-
social contributions
1 834
-
4 756
-
surtax
-
-
-
-
income
3 257
-
12 460
-
total
5 091
-
17 216
-
Employer
16 669
-
43 232
-
social contributions
3 959
-
10 268
-
total
3 959
-
10 268
-
Corporate
32 872
53 500
-
-
surtax
-
-
-
-
income
6 903
11 235
-
-
total
6 903
11 235
-
-
Dividends
25 969
42 265
-
-
withholding
7 271
11 834
-
-
total
7 271
11 834
-
-
Income
53 500
53 500
53 500
53 500
Total tax
23 224
23 069
27 484
24 107
After tax
30 276
30 431
26 016
29 393
Living cost
11 579
11 579
11 579
11 579
Free-cash
18 697
18 852
14 437
17 814

Estimated living cost  is ₴11579 per week

₴8201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴804
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.
₴2368
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20834
₴17654
₴14590
₴12527
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
359
income
-
-
-
11 873
pensions
-
-
-
11 265
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
23 816
Employee
20 742
-
40 809
-
other
20
-
40
-
income
4 332
-
10 660
-
pensions
975
-
1 871
-
unemployment
321
-
617
-
total
5 648
-
13 188
-
Employer
20 742
-
40 809
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 189
-
pensions
4 895
-
9 395
-
total
6 613
-
12 691
-
Corporate
26 144
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.

3 922
8 025
-
-
total
3 922
8 025
-
-
Dividends
22 223
45 475
-
-
withholding
4 569
9 547
-
-
total
4 569
9 547
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 752
17 572
25 879
23 816
After tax
32 748
35 928
27 621
29 684
Living cost
15 094
15 094
15 094
15 094
Free-cash
17 654
20 834
12 527
14 590

Estimated living cost  is ₴15094 per week

₴10840
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38346
₴35725
₴34069
₴35928
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions

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

-
-
-
2 223
unemployment
-
-
-
60
health
-
-
-
1 727
total
-
-
-
12 035
Employee
9 794
-
50 553
-
health
451
-
691
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
income
980
-
5 055
-
pensions

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

860
-
1 319
-
total
2 399
-
7 230
-
Employer
9 794
-
50 553
-
accident

We are using the highest rate at 1.1%.

108
-
165
-
unemployment
59
-
90
-
pensions

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

1 079
-
1 655
-
health
676
-
1 036
-
total
1 922
-
2 946
-
Corporate
41 785
53 500
-
-
income
4 178
5 350
-
-
total
4 178
5 350
-
-
Dividends
37 606
48 150
-
-
withholding
1 880
2 408
-
-
total
1 880
2 408
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 379
7 758
10 176
12 035
After tax
43 121
45 742
43 324
41 465
Living cost
7 396
7 396
7 396
7 396
Free-cash
35 725
38 346
35 928
34 069

Estimated living cost  is ₴7396 per week

₴4892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴176
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1905
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10988
₴16608
₴14318
₴19130
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
53 500
trade
-
-
-
4 812
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.

-
-
-
14 081
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.

-
-
-
2 934
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.

-
-
-
774
total
-
-
-
22 601
Employee

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

21 370
-
53 500
-
health

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

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

2 934
-
2 934
-
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.

97
-
774
-
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.

1 757
-
14 081
-
total
4 788
-
17 789
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 130
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.

265
442
-
-
income
4 819
8 025
-
-
trade
4 611
7 678
-
-
chamber of commerce
112
143
-
-
total
9 807
16 288
-
-
Dividends
22 323
37 212
-
-
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.

298
503
-
-
withholding
5 418
9 140
-
-
total
5 716
9 643
-
-
Income
53 500
53 500
53 500
53 500
Total tax
20 311
25 931
17 789
22 601
After tax
33 189
27 569
35 711
30 899
Living cost
16 581
16 581
16 581
16 581
Free-cash
16 608
10 988
19 130
14 318

Estimated living cost  is ₴16581 per week

₴11438
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1784
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.
₴3118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12985
₴13933
₴9752
₴9752
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 301
social contributions
-
-
-
4 981
total
-
-
-
19 282
Employee
33 596
-
53 500
-
income
6 339
-
14 301
-
social contributions
2 791
-
4 981
-
total
9 130
-
19 282
-
Employer
33 596
-
53 500
-
total
-
-
-
-
Corporate
19 904
53 500
-
-
income
2 488
6 687
-
-
total
2 488
6 687
-
-
Dividends
17 416
46 813
-
-
withholding
3 483
9 362
-
-
total
3 483
9 362
-
-
Income
53 500
53 500
53 500
53 500
Total tax
15 101
16 049
19 282
19 282
After tax
38 399
37 451
34 218
34 218
Living cost
24 466
24 466
24 466
24 466
Free-cash
13 933
12 985
9 752
9 752

Estimated living cost  is ₴24466 per week

₴18613
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1994
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3625
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16915
₴18416
₴22820
₴23799
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 226
health

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

-
-
-
2 863
total
-
-
-
15 089
Employee
19 702
-
51 524
-
income
2 138
-
10 158
-
social contributions
1 974
-
1 976
-
total
4 112
-
12 134
-
Employer
19 702
-
51 524
-
social contributions
1 974
-
1 976
-
total
1 974
-
1 976
-
Corporate
31 824
53 500
-
-
income
11 138
18 725
-
-
total
11 138
18 725
-
-
Dividends
20 685
34 775
-
-
social contributions
2 269
2 269
-
-
total
2 269
2 269
-
-
Income
53 500
53 500
53 500
53 500
Total tax
19 493
20 994
14 110
15 089
After tax
34 007
32 506
39 390
38 411
Living cost
15 591
15 591
15 591
15 591
Free-cash
18 416
16 915
23 799
22 820

Estimated living cost  is ₴15591 per week

₴10269
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1229
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.
₴3853
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21408
₴21595
₴21124
₴16157
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
income
-
-
-
12 888
pensions
-
-
-
3 436
total
-
-
-
16 324
Employee
22 033
-
46 945
-
health
287
-
768
-
income
4 012
-
9 576
-
pensions
1 682
-
4 391
-
total
5 981
-
14 735
-
Employer
22 033
-
46 945
-
pensions
2 226
-
5 664
-
health
419
-
892
-
total
2 645
-
6 556
-
Corporate
28 822
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.

5 476
10 165
-
-
total
5 476
10 165
-
-
Dividends
23 346
43 335
-
-
withholding
1 751
5 875
-
-
total
1 751
5 875
-
-
Income
53 500
53 500
53 500
53 500
Total tax
15 853
16 040
21 291
16 324
After tax
37 647
37 460
32 209
37 176
Living cost
16 052
16 052
16 052
16 052
Free-cash
21 595
21 408
16 157
21 124

Estimated living cost  is ₴16052 per week

₴11011
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴201
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
-₴5862
₴2769
₴26456
₴18097
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
108
income
-
-
-
13 868
pensions
-
-
-
1 781
other
-
-
-
159
health
-
-
-
933
total
-
-
-
16 849
Employee
16 037
-
46 855
-
health
1 836
-
5 365
-
income
2 200
-
9 933
-
pensions
1 806
-
3 265
-
total
5 842
-
18 563
-
Employer
16 037
-
46 855
-
accident
268
-
782
-
unemployment
393
-
1 148
-
pensions
2 607
-
4 715
-
total
3 268
-
6 645
-
Corporate
34 195
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.

30 776
48 150
-
-
total
30 776
48 150
-
-
Dividends
3 419
5 350
-
-
withholding
650
1 017
-
-
total
650
1 017
-
-
Income
53 500
53 500
53 500
53 500
Total tax
40 536
49 167
25 208
16 849
After tax
12 964
4 333
28 292
36 651
Living cost
10 195
10 195
10 195
10 195
Free-cash
2 769
-5 862
18 097
26 456

Estimated living cost  is ₴10195 per week

₴7482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴594
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.
₴1913
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39219
₴37211
₴24500
₴29769
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
work injury
-
-
-
268
health insurance
-
-
-
3 959
income
-
-
-
8 486
pensions
-
-
-
9 844
unemployment
-
-
-
642
total
-
-
-
23 199
Employee

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

9 282
-
53 500
-
work injury
46
-
172
-
income
928
-
8 486
-
pensions
1 708
-
6 319
-
health insurance
687
-
2 541
-
unemployment
111
-
412
-
total
3 480
-
17 930
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
44 218
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%.

442
535
-
-
total
442
535
-
-
Dividends
43 775
52 965
-
-
withholding
6 566
7 945
-
-
total
6 566
7 945
-
-
Income
53 500
53 500
53 500
53 500
Total tax
10 488
8 480
17 930
23 199
After tax
43 012
45 020
35 570
30 301
Living cost
5 801
5 801
5 801
5 801
Free-cash
37 211
39 219
29 769
24 500

Estimated living cost  is ₴5801 per week

₴3594
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1605
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11070
₴9116
₴9004
₴6558
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
53 500
municipal
-
-
-
358
regional
-
-
-
1 166
national
-
-
-
12 102
social contributions
-
-
-
13 760
total
-
-
-
27 386
Employee
36 191
-
53 500
-
social contributions
12 204
-
18 040
-
regional
546
-
997
-
municipal
216
-
319
-
national
6 116
-
10 476
-
total
19 082
-
29 832
-
Employer
36 191
-
53 500
-
total
-
-
-
-
Corporate
17 309
53 500
-
-
nationa
4 154
12 840
-
-
municipal
835
2 579
-
-
total
4 989
15 419
-
-
Dividends
12 320
38 081
-
-
withholding
3 203
9 901
-
-
total
3 203
9 901
-
-
Income
53 500
53 500
53 500
53 500
Total tax
27 274
25 320
29 832
27 386
After tax
26 226
28 180
23 668
26 114
Living cost
17 110
17 110
17 110
17 110
Free-cash
9 116
11 070
6 558
9 004

Estimated living cost  is ₴17110 per week

₴12019
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3655
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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