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
₴ 54000
per

Your estimated
City
free-cash

Dresden , Germany
₴14299
₴19036
₴17630
₴22999
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 000
trade
-
-
-
5 369
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.

-
-
-
14 314
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.

-
-
-
2 926
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.

-
-
-
788
total
-
-
-
23 397
Employee

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

16 382
-
54 000
-
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.

2 926
-
2 926
-
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
-
788
-
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.

458
-
14 314
-
total
3 409
-
18 028
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
37 618
54 000
-
-
surtax

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

310
445
-
-
income
5 643
8 100
-
-
trade
5 925
8 505
-
-
chamber of commerce
119
142
-
-
total
11 997
17 192
-
-
Dividends
25 621
36 807
-
-
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.

343
497
-
-
withholding
6 242
9 039
-
-
total
6 585
9 536
-
-
Income
54 000
54 000
54 000
54 000
Total tax
21 991
26 728
18 028
23 397
After tax
32 009
27 272
35 972
30 603
Living cost
12 973
12 973
12 973
12 973
Free-cash
19 036
14 299
22 999
17 630

Estimated living cost  is ₴12973 per week

₴8161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1513
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12053
₴11692
₴10598
₴11020
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
municipal
-
-
-
5 765
pensions
-
-
-
6 480
national
-
-
-
8 934
social contributions
-
-
-
580
total
-
-
-
21 759
Employee
33 550
-
46 683
-
municipal
4 144
-
5 975
-
pensions
1 342
-
1 867
-
national
6 422
-
9 258
-
total
11 908
-
17 100
-
Employer
33 550
-
46 683
-
social contributions
361
-
502
-
pensions
2 684
-
3 735
-
total
3 045
-
4 237
-
Corporate
15 191
54 000
-
-
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%.

3 038
10 800
-
-
total
3 038
10 800
-
-
Dividends
12 152
43 200
-
-
withholding
2 674
9 504
-
-
total
2 674
9 504
-
-
Income
54 000
54 000
54 000
54 000
Total tax
20 665
20 304
21 337
21 759
After tax
33 335
33 696
32 663
32 241
Living cost
21 643
21 643
21 643
21 643
Free-cash
11 692
12 053
11 020
10 598

Estimated living cost  is ₴21643 per week

₴14710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34289
₴30775
₴6750
₴21399
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 000
microenterprise
-
-
-
-
income
-
-
-
8 158
surtax
-
-
-
13 770
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.

-
-
-
16 411
total
-
-
-
38 339
Employee
12 516
-
43 516
-
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.

1 377
-
4 787
-
surtax
-
-
-
-
income
2 228
-
8 420
-
total
3 605
-
13 207
-
Employer
12 516
-
43 516
-
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.

3 015
-
10 483
-
surtax
-
-
-
-
total
3 015
-
10 483
-
Corporate
38 470
54 000
-
-
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%.

7 694
10 800
-
-
total
7 694
10 800
-
-
Dividends

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

30 776
43 200
-
-
total
-
-
-
-
Income
54 000
54 000
54 000
54 000
Total tax
14 314
10 800
23 690
38 339
After tax
39 686
43 200
30 310
15 661
Living cost
8 911
8 911
8 911
8 911
Free-cash
30 775
34 289
21 399
6 750

Estimated living cost  is ₴8911 per week

₴5685
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
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.
₴2175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8473
₴5848
₴13132
₴11811
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
12 625
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
22 925
Employee
36 577
36 577
46 040
-
health
5 614
4 775
5 282
-
income

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

5 987
5 987
5 987
-
pensions
6 584
5 018
5 018
-
total
18 185
15 780
16 287
-
Employer
36 577
36 577
46 040
-
unemployment
1 317
1 317
1 636
-
pensions
2 546
2 546
3 164
-
health
2 542
2 542
3 159
-
total
6 405
6 405
7 959
-
Corporate
11 467
11 018
-
-
income
2 294
2 204
-
-
total
2 294
2 204
-
-
Dividends
9 173
8 815
-
-
income
1 949
1 873
-
-
withholding
1 376
1 322
-
-
total
3 325
3 195
-
-
Income
54 000
54 000
54 000
54 000
Total tax
30 209
27 584
24 246
22 925
After tax
23 791
26 416
29 754
31 075
Living cost
17 943
17 943
17 943
17 943
Free-cash
5 848
8 473
11 811
13 132

Estimated living cost  is ₴17943 per week

₴12716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3324
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12935
₴12564
₴12123
₴11677
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
municipal
-
-
-
12 970
accident
-
-
-
73
pensions
-
-
-
3 921
other
-
-
-
4 215
unemployment
-
-
-
36
health
-
-
-
2 263
national
-
-
-
1 850
total
-
-
-
25 328
Employee
23 581
-
42 604
-
municipal
7 032
-
12 705
-
national
-
-
1 672
-
total
7 032
-
14 377
-
Employer
23 581
-
42 604
-
accident
47
-
73
-
other
2 740
-
4 215
-
unemployment
623
-
957
-
pensions
2 549
-
3 921
-
health
1 450
-
2 231
-
total
7 409
-
11 397
-
Corporate
23 010
54 000
-
-
income
5 062
11 880
-
-
total
5 062
11 880
-
-
Dividends
17 948
42 120
-
-
withholding
5 384
12 636
-
-
total
5 384
12 636
-
-
Income
54 000
54 000
54 000
54 000
Total tax
24 887
24 516
25 774
25 328
After tax
29 113
29 484
28 226
28 672
Living cost
16 549
16 549
16 549
16 549
Free-cash
12 564
12 935
11 677
12 123

Estimated living cost  is ₴16549 per week

₴10968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1624
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.
₴3706
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10168
₴16186
₴13539
₴19146
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 000
trade
-
-
-
5 607
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.

-
-
-
14 314
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.

-
-
-
2 926
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.

-
-
-
788
total
-
-
-
23 635
Employee

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

21 721
-
54 000
-
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.

2 926
-
2 926
-
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.

102
-
788
-
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.

1 866
-
14 314
-
total
4 894
-
18 028
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 279
54 000
-
-
surtax

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

267
445
-
-
income
4 842
8 100
-
-
trade
5 310
8 883
-
-
chamber of commerce
111
141
-
-
total
10 530
17 569
-
-
Dividends
21 750
36 430
-
-
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.

290
492
-
-
withholding
5 274
8 945
-
-
total
5 564
9 437
-
-
Income
54 000
54 000
54 000
54 000
Total tax
20 988
27 006
18 028
23 635
After tax
33 012
26 994
35 972
30 365
Living cost
16 826
16 826
16 826
16 826
Free-cash
16 186
10 168
19 146
13 539

Estimated living cost  is ₴16826 per week

₴11253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1774
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.
₴3547
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25572
₴23794
₴23937
₴23362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
7 864
health
-
-
-
1 377
social contributions
-
-
-
6 930
total
-
-
-
16 171
Employee
32 936
32 936
49 399
-
social contributions
1 600
2 733
3 687
-
health
328
560
840
-
income
3 459
3 049
7 618
-
total
5 387
6 342
12 145
-
Employer
32 936
32 936
49 399
-
social contributions
1 600
2 733
3 687
-
health
357
610
914
-
total
1 957
3 343
4 601
-
Corporate
32 764
17 721
-
-
income
4 096
2 215
-
-
total
4 096
2 215
-
-
Dividends
28 668
15 506
-
-
withholding
4 874
2 636
-
-
total
4 874
2 636
-
-
Income
54 000
54 000
54 000
54 000
Total tax
16 314
14 536
16 746
16 171
After tax
37 686
39 464
37 254
37 829
Living cost
13 892
13 892
13 892
13 892
Free-cash
23 794
25 572
23 362
23 937

Estimated living cost  is ₴13892 per week

₴9497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1085
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3077
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22597
₴22759
₴29626
₴23522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
6 602
pensions
-
-
-
5 400
unemployment
-
-
-
810
health
-
-
-
3 780
total
-
-
-
16 592
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.

11 234
4 471
45 188
-
health
786
313
3 163
-
income
1 373
547
5 524
-
pensions
1 123
447
4 519
-
unemployment
169
67
678
-
total
3 451
1 374
13 884
-
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.

11 234
4 471
45 188
-
pensions
2 191
872
8 812
-
total
2 191
872
8 812
-
Corporate
40 576
48 657
-
-
income
3 652
4 379
-
-
total
3 652
4 379
-
-
Dividends
36 924
44 278
-
-
social contributions
7 149
8 583
-
-
withholding
7 016
8 413
-
-
total
14 165
16 996
-
-
Income
54 000
54 000
54 000
54 000
Total tax
23 459
23 621
22 696
16 592
After tax
30 541
30 379
31 304
37 408
Living cost
7 782
7 782
7 782
7 782
Free-cash
22 759
22 597
23 522
29 626

Estimated living cost  is ₴7782 per week

₴5311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴637
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴155
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1679
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32855
₴30194
₴18599
₴20781
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
7 236
pensions
-
-
-
10 800
health
-
-
-
7 020
total
-
-
-
25 056
Employee
12 151
-
40 359
-
income
1 368
-
7 781
-
pensions
243
-
807
-
unemployment
194
-
645
-
total
1 805
-
9 233
-
Employer
12 151
-
40 359
-
unemployment
98
-
323
-
pensions
2 430
-
8 071
-
health
1 579
-
5 247
-
total
4 107
-
13 641
-
Corporate
37 742
54 000
-
-
income
7 549
10 800
-
-
total
7 549
10 800
-
-
Dividends
30 194
43 200
-
-
total
-
-
-
-
Income
54 000
54 000
54 000
54 000
Total tax
13 461
10 800
22 874
25 056
After tax
40 539
43 200
31 126
28 944
Living cost
10 345
10 345
10 345
10 345
Free-cash
30 194
32 855
20 781
18 599

Estimated living cost  is ₴10345 per week

₴7096
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4994
₴2937
₴27621
₴19226
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
accident
-
-
-
108
income
-
-
-
14 044
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
17 011
Employee
14 736
-
47 358
-
health
1 687
-
5 422
-
income
2 022
-
10 093
-
pensions
1 659
-
3 249
-
total
5 368
-
18 764
-
Employer
14 736
-
47 358
-
accident
246
-
791
-
unemployment
361
-
1 160
-
pensions
2 396
-
4 691
-
total
3 003
-
6 642
-
Corporate
36 261
54 000
-
-
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.

32 635
48 600
-
-
total
32 635
48 600
-
-
Dividends
3 626
5 400
-
-
withholding
689
1 026
-
-
total
689
1 026
-
-
Income
54 000
54 000
54 000
54 000
Total tax
41 695
49 626
25 406
17 011
After tax
12 305
4 374
28 594
36 989
Living cost
9 368
9 368
9 368
9 368
Free-cash
2 937
-4 994
19 226
27 621

Estimated living cost  is ₴9368 per week

₴6866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴519
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴196
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47446
₴46724
₴49606
₴39346
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
54 000
microenterprise

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

-
-
-
540
total
-
-
-
540
Employee
4 817
-
54 000
-
income
963
-
10 800
-
total
963
-
10 800
-
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%.

49 183
54 000
-
-
total
-
-
-
-
Dividends
49 183
54 000
-
-
withholding
2 459
2 700
-
-
total
2 459
2 700
-
-
Income
54 000
54 000
54 000
54 000
Total tax
3 422
2 700
10 800
540
After tax
50 578
51 300
43 200
53 460
Living cost
3 854
3 854
3 854
3 854
Free-cash
46 724
47 446
39 346
49 606

Estimated living cost  is ₴3854 per week

₴2388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴320
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.
₴1039
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28261
₴25370
₴17475
₴19706
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
7 212
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.

-
-
-
12 959
other
-
-
-
2 565
health
-
-
-
2 376
total
-
-
-
25 112
Employee
15 552
-
43 129
-
health
218
-
604
-
income
2 677
-
7 957
-
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.

1 088
-
3 019
-
unemployment
155
-
432
-
total
4 138
-
12 012
-
Employer
15 552
-
43 129
-
accident
124
-
345
-
other
778
-
2 156
-
unemployment
155
-
432
-
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.

2 644
-
7 332
-
health
218
-
604
-
total
3 919
-
10 869
-
Corporate
34 529
54 000
-
-
income
7 251
11 340
-
-
total
7 251
11 340
-
-
Dividends
27 278
42 660
-
-
withholding
1 909
2 986
-
-
total
1 909
2 986
-
-
Income
54 000
54 000
54 000
54 000
Total tax
17 217
14 326
22 881
25 112
After tax
36 783
39 674
31 119
28 888
Living cost
11 413
11 413
11 413
11 413
Free-cash
25 370
28 261
19 706
17 475

Estimated living cost  is ₴11413 per week

₴8064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴771
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.
₴2395
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8944
₴5813
₴8695
₴3687
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
13 128
pensions
-
-
-
3 433
total
-
-
-
16 561
Employee
40 669
-
47 373
-
health
670
-
772
-
income
7 331
-
9 789
-
pensions
3 923
-
4 381
-
total
11 924
-
14 942
-
Employer
40 669
-
47 373
-
pensions
4 802
-
5 727
-
health
772
-
900
-
total
5 574
-
6 627
-
Corporate
7 757
54 000
-
-
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.

1 474
10 260
-
-
total
1 474
10 260
-
-
Dividends
6 283
43 740
-
-
withholding
471
6 052
-
-
total
471
6 052
-
-
Income
54 000
54 000
54 000
54 000
Total tax
19 443
16 312
21 569
16 561
After tax
34 557
37 688
32 431
37 439
Living cost
28 744
28 744
28 744
28 744
Free-cash
5 813
8 944
3 687
8 695

Estimated living cost  is ₴28744 per week

₴21539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3377
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.
₴3595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴40551
₴38561
₴36283
₴38169
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
8 100
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
12 098
Employee
7 440
-
51 063
-
health
342
-
689
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
income
744
-
5 106
-
pensions

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

653
-
1 314
-
total
1 821
-
7 274
-
Employer
7 440
-
51 063
-
accident

We are using the highest rate at 1.1%.

82
-
165
-
unemployment
44
-
90
-
pensions

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

820
-
1 650
-
health
514
-
1 033
-
total
1 460
-
2 938
-
Corporate
45 100
54 000
-
-
income
4 510
5 400
-
-
total
4 510
5 400
-
-
Dividends
40 589
48 600
-
-
withholding
2 029
2 430
-
-
total
2 029
2 430
-
-
Income
54 000
54 000
54 000
54 000
Total tax
9 820
7 830
10 212
12 098
After tax
44 180
46 170
43 788
41 902
Living cost
5 619
5 619
5 619
5 619
Free-cash
38 561
40 551
38 169
36 283

Estimated living cost  is ₴5619 per week

₴3281
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴401
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.
₴1788
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2665
₴3742
₴7324
₴6003
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
12 625
pensions
-
-
-
5 018
health
-
-
-
5 282
total
-
-
-
22 925
Employee
39 710
36 577
46 040
-
health
4 954
4 775
5 282
-
income

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

5 987
5 987
5 987
-
pensions
5 018
5 018
5 018
-
total
15 959
15 780
16 287
-
Employer
39 710
36 577
46 040
-
unemployment
1 430
1 317
1 636
-
pensions
2 764
2 546
3 164
-
health
2 759
2 542
3 159
-
total
6 953
6 405
7 959
-
Corporate
7 337
11 018
-
-
income
1 467
2 204
-
-
total
1 467
2 204
-
-
Dividends
5 870
8 815
-
-
income
1 248
1 873
-
-
withholding
880
1 322
-
-
total
2 128
3 195
-
-
Income
54 000
54 000
54 000
54 000
Total tax
26 507
27 584
24 246
22 925
After tax
27 493
26 416
29 754
31 075
Living cost
23 751
23 751
23 751
23 751
Free-cash
3 742
2 665
6 003
7 324

Estimated living cost  is ₴23751 per week

₴17520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2121
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴272
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3837
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26920
₴23259
₴16897
₴17144
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
4 792
health
-
-
-
7 290
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 762
total
-
-
-
26 844
Employee
15 086
-
40 299
-
social contributions
981
-
2 619
-
health
2 037
-
5 440
-
solidarity contribution
-
-
-
-
income
1 810
-
4 836
-
total
4 828
-
12 895
-
Employer
15 086
-
40 299
-
social contributions
3 772
-
10 075
-
health
1 358
-
3 627
-
total
5 130
-
13 702
-
Corporate
33 784
54 000
-
-
income
6 419
10 260
-
-
total
6 419
10 260
-
-
Dividends
27 365
43 740
-
-
withholding
4 105
6 561
-
-
total
4 105
6 561
-
-
Income
54 000
54 000
54 000
54 000
Total tax
20 482
16 821
26 597
26 844
After tax
33 518
37 179
27 403
27 156
Living cost
10 259
10 259
10 259
10 259
Free-cash
23 259
26 920
17 144
16 897

Estimated living cost  is ₴10259 per week

₴7126
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
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.
₴2201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Milan , Italy
₴10738
₴8501
₴8850
₴6281
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
municipal
-
-
-
321
regional
-
-
-
615
national
-
-
-
12 252
social contributions
-
-
-
13 889
total
-
-
-
27 077
Employee
38 066
-
54 000
-
social contributions
12 836
-
18 209
-
regional
359
-
541
-
municipal
202
-
286
-
national
6 596
-
10 610
-
total
19 993
-
29 646
-
Employer
38 066
-
54 000
-
total
-
-
-
-
Corporate
15 934
54 000
-
-
nationa
3 824
12 960
-
-
municipal
622
2 106
-
-
total
4 446
15 066
-
-
Dividends
11 488
38 934
-
-
withholding
2 987
10 123
-
-
total
2 987
10 123
-
-
Income
54 000
54 000
54 000
54 000
Total tax
27 426
25 189
29 646
27 077
After tax
26 574
28 811
24 354
26 923
Living cost
18 073
18 073
18 073
18 073
Free-cash
8 501
10 738
6 281
8 850

Estimated living cost  is ₴18073 per week

₴12599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1185
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4012
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24514
₴23181
₴16576
₴15683
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
11 656
pensions
-
-
-
10 800
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 834
surtax
-
-
-
1 584
total
-
-
-
27 972
Employee
14 164
-
44 610
-
other
-
-
-
-
health
362
-
1 138
-
surtax
46
-
1 444
-
income
2 374
-
10 811
-
pensions
944
-
2 976
-
unemployment
986
-
3 105
-
total
4 712
-
19 474
-
Employer
14 164
-
44 610
-
other
-
-
-
-
unemployment
449
-
1 414
-
pensions
1 888
-
5 947
-
health
645
-
2 030
-
total
2 982
-
9 391
-
Corporate
36 854
54 000
-
-
income
9 582
14 040
-
-
total
9 582
14 040
-
-
Dividends
27 272
39 960
-
-
withholding
4 091
5 994
-
-
total
4 091
5 994
-
-
Income
54 000
54 000
54 000
54 000
Total tax
21 367
20 034
28 865
27 972
After tax
32 633
33 966
25 135
26 028
Living cost
9 452
9 452
9 452
9 452
Free-cash
23 181
24 514
15 683
16 576

Estimated living cost  is ₴9452 per week

₴5779
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴872
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2582
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18051
₴17441
₴17802
₴12794
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
13 128
pensions
-
-
-
3 433
total
-
-
-
16 561
Employee
27 255
-
47 373
-
health
396
-
772
-
income
4 909
-
9 789
-
pensions
2 313
-
4 381
-
total
7 618
-
14 942
-
Employer
27 255
-
47 373
-
pensions
2 950
-
5 727
-
health
518
-
900
-
total
3 468
-
6 627
-
Corporate
23 277
54 000
-
-
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.

4 422
10 260
-
-
total
4 422
10 260
-
-
Dividends
18 854
43 740
-
-
withholding
1 414
6 052
-
-
total
1 414
6 052
-
-
Income
54 000
54 000
54 000
54 000
Total tax
16 922
16 312
21 569
16 561
After tax
37 078
37 688
32 431
37 439
Living cost
19 637
19 637
19 637
19 637
Free-cash
17 441
18 051
12 794
17 802

Estimated living cost  is ₴19637 per week

₴14712
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1472
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.
₴3248
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7679
₴6171
₴12163
₴9501
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
city
-
-
-
570
pensions
-
-
-
4 968
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.

-
-
-
1 080
regional
-
-
-
2 185
health
-
-
-
121
national
-
-
-
541
total
-
-
-
9 465
Employee
37 884
-
48 332
-
city
407
-
519
-
regional
1 241
-
1 879
-
health
86
-
109
-
pensions
3 183
-
4 060
-
unemployment
-
-
-
-
national
179
-
424
-
total
5 096
-
6 991
-
Employer
37 884
-
48 332
-
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.

757
-
967
-
unemployment
-
-
-
-
pensions
3 183
-
4 060
-
health
86
-
109
-
total
4 026
-
5 136
-
Corporate
11 674
54 000
-
-
regional
2 469
11 421
-
-
national
992
4 590
-
-
total
3 461
16 011
-
-
Dividends
8 213
37 989
-
-
withholding
2 874
13 296
-
-
total
2 874
13 296
-
-
Income
54 000
54 000
54 000
54 000
Total tax
15 457
29 307
12 127
9 465
After tax
38 543
24 693
41 873
44 535
Living cost
32 372
32 372
32 372
32 372
Free-cash
6 171
-7 679
9 501
12 163

Estimated living cost  is ₴32372 per week

₴21051
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2905
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴8018
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴7095
₴14039
₴10505
₴16351
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 000
trade
-
-
-
5 846
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.

-
-
-
14 314
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.

-
-
-
2 926
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.

-
-
-
788
total
-
-
-
23 874
Employee

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

25 741
-
54 000
-
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.

2 926
-
2 926
-
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
-
788
-
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.

3 027
-
14 314
-
total
6 120
-
18 028
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 259
54 000
-
-
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.

233
445
-
-
income
4 239
8 100
-
-
trade
4 847
9 261
-
-
chamber of commerce
105
141
-
-
total
9 424
17 947
-
-
Dividends
18 835
36 052
-
-
surtax

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

250
487
-
-
withholding
4 546
8 850
-
-
total
4 796
9 337
-
-
Income
54 000
54 000
54 000
54 000
Total tax
20 340
27 284
18 028
23 874
After tax
33 660
26 716
35 972
30 126
Living cost
19 621
19 621
19 621
19 621
Free-cash
14 039
7 095
16 351
10 505

Estimated living cost  is ₴19621 per week

₴14331
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3467
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12561
₴15094
₴16123
₴17416
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
6 723
pensions
-
-
-
11 673
other
-
-
-
1 674
health
-
-
-
1 614
surtax
-
-
-
-
social contributions
-
-
-
1 539
total
-
-
-
23 223
Employee
18 331
-
43 021
-
social contributions
523
-
1 226
-
surtax
-
-
-
-
income
1 082
-
7 252
-
pensions
2 073
-
2 473
-
total
3 678
-
10 951
-
Employer
18 331
-
43 021
-
other
632
-
1 484
-
social contributions
55
-
129
-
unemployment
742
-
1 743
-
pensions
3 011
-
4 256
-
health
1 283
-
3 367
-
total
5 723
-
10 979
-
Corporate
29 944
54 000
-
-
surtax
-
-
-
-
income
8 384
15 120
-
-
total
8 384
15 120
-
-
Dividends
21 560
38 880
-
-
surtax
-
-
-
-
social contributions
3 708
6 688
-
-
withholding
2 759
4 977
-
-
total
6 467
11 665
-
-
Income
54 000
54 000
54 000
54 000
Total tax
24 252
26 785
21 930
23 223
After tax
29 748
27 215
32 070
30 777
Living cost
14 654
14 654
14 654
14 654
Free-cash
15 094
12 561
17 416
16 123

Estimated living cost  is ₴14654 per week

₴9240
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1192
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.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14013
₴16392
₴17575
₴18868
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
6 723
pensions
-
-
-
11 673
other
-
-
-
1 674
health
-
-
-
1 614
surtax
-
-
-
-
social contributions
-
-
-
1 539
total
-
-
-
23 223
Employee
16 363
-
43 021
-
social contributions
467
-
1 226
-
surtax
-
-
-
-
income
844
-
7 252
-
pensions
1 851
-
2 473
-
total
3 162
-
10 951
-
Employer
16 363
-
43 021
-
other
565
-
1 484
-
social contributions
49
-
129
-
unemployment
662
-
1 743
-
pensions
2 689
-
4 256
-
health
1 145
-
3 367
-
total
5 110
-
10 979
-
Corporate
32 527
54 000
-
-
surtax
-
-
-
-
income
9 108
15 120
-
-
total
9 108
15 120
-
-
Dividends
23 419
38 880
-
-
surtax
-
-
-
-
social contributions
4 028
6 688
-
-
withholding
2 998
4 977
-
-
total
7 026
11 665
-
-
Income
54 000
54 000
54 000
54 000
Total tax
24 406
26 785
21 930
23 223
After tax
29 594
27 215
32 070
30 777
Living cost
13 202
13 202
13 202
13 202
Free-cash
16 392
14 013
18 868
17 575

Estimated living cost  is ₴13202 per week

₴7657
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3954
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23863
₴24086
₴25597
₴25114
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
8 100
health
-
-
-
3 769
social contributions
-
-
-
7 452
total
-
-
-
19 321
Employee
14 522
-
54 000
-
social contributions
2 004
-
7 452
-
health
1 014
-
3 769
-
income
2 422
-
8 583
-
total
5 440
-
19 804
-
Employer
14 522
-
54 000
-
total
-
-
-
-
Corporate
39 478
54 000
-
-
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%.

1 974
2 700
-
-
total
1 974
2 700
-
-
Dividends
37 504
51 300
-
-
health
2 618
3 580
-
-
social contributions
5 175
7 080
-
-
withholding
5 625
7 695
-
-
total
13 418
18 355
-
-
Income
54 000
54 000
54 000
54 000
Total tax
20 832
21 055
19 804
19 321
After tax
33 168
32 945
34 196
34 679
Living cost
9 082
9 082
9 082
9 082
Free-cash
24 086
23 863
25 114
25 597

Estimated living cost  is ₴9082 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴560
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.
₴2234
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14991
₴14329
₴11934
-₴148
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
chamber of commerce
-
-
-
216
income
-
-
-
10 961
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
85
total
-
-
-
26 974
Employee
21 405
17 069
41 866
-
other
214
171
419
-
health
828
661
1 620
-
income
2 437
1 259
9 279
-
pensions
2 192
1 748
4 287
-
unemployment
642
512
1 256
-
total
6 313
4 351
16 861
-
Employer
21 405
17 069
41 866
-
accident
278
222
545
-
other
1 017
810
1 989
-
chamber of commerce
85
68
167
-
unemployment
642
512
1 256
-
surtax
85
85
85
-
pensions
2 686
2 143
5 254
-
payroll
642
512
1 256
-
health
809
645
1 583
-
total
6 244
4 997
12 135
-
Corporate
26 351
31 934
40 241
-
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.

6 588
7 983
10 060
-
total
6 588
7 983
10 060
-
Dividends
19 763
23 950
-
-
withholding
5 434
6 586
-
-
total
5 434
6 586
-
-
Income
54 000
54 000
54 000
54 000
Total tax
24 579
23 917
39 056
26 974
After tax
29 421
30 083
14 944
27 026
Living cost
15 092
15 092
15 092
15 092
Free-cash
14 329
14 991
-148
11 934

Estimated living cost  is ₴15092 per week

₴10066
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1287
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3491
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14628
₴8203
₴8575
₴4591
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
national
-
-
-
18 496
communal

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

-
-
-
2 725
social contributions
-
-
-
8 587
total
-
-
-
29 808
Employee

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

30 638
-
41 825
-
communal

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

1 598
-
2 182
-
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.

1 439
-
1 966
-
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.

2 298
-
3 137
-
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
-
364
-
national
9 419
-
13 967
-
total
15 021
-
21 616
-
Employer

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

30 638
-
41 825
-
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.

398
-
544
-
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.

447
-
610
-
surtax
3 474
-
4 744
-
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.

2 715
-
3 706
-
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.

1 884
-
2 572
-
total
8 918
-
12 176
-
Corporate
14 444
54 000
-
-
surtax
58
216
-
-
income
2 889
10 800
-
-
total
2 947
11 016
-
-
Dividends
11 498
42 984
-
-
withholding

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

3 294
12 739
-
-
total
3 294
12 739
-
-
Income
54 000
54 000
54 000
54 000
Total tax
30 180
23 755
33 792
29 808
After tax
23 820
30 245
20 208
24 192
Living cost
15 617
15 617
15 617
15 617
Free-cash
8 203
14 628
4 591
8 575

Estimated living cost  is ₴15617 per week

₴10059
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3948
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20786
₴17478
₴14541
₴12485
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
accident
-
-
-
358
income
-
-
-
12 080
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
23 991
Employee
21 321
-
41 344
-
other
21
-
40
-
income
4 499
-
10 870
-
pensions
1 002
-
1 866
-
unemployment
331
-
615
-
total
5 853
-
13 391
-
Employer
21 321
-
41 344
-
accident
422
-
786
-
other
170
-
318
-
unemployment
1 173
-
2 183
-
pensions
5 031
-
9 369
-
total
6 796
-
12 656
-
Corporate
25 883
54 000
-
-
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.

3 883
8 100
-
-
total
3 883
8 100
-
-
Dividends
22 001
45 900
-
-
withholding
4 522
9 646
-
-
total
4 522
9 646
-
-
Income
54 000
54 000
54 000
54 000
Total tax
21 054
17 746
26 047
23 991
After tax
32 946
36 254
27 953
30 009
Living cost
15 468
15 468
15 468
15 468
Free-cash
17 478
20 786
12 485
14 541

Estimated living cost  is ₴15468 per week

₴11391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1097
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.
₴2757
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9298
₴5128
₴5824
₴7975
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
accident
-
-
-
455
income
-
-
-
6 467
pensions
-
-
-
8 094
health
-
-
-
3 793
surtax
-
-
-
2 677
communal
-
-
-
3 413
total
-
-
-
24 899
Employee
32 436
-
48 236
-
health
1 444
-
2 147
-
surtax
1 988
-
2 956
-
income
3 133
-
8 022
-
pensions
2 594
-
3 859
-
total
9 159
-
16 984
-
Employer
32 436
-
48 236
-
accident
292
-
434
-
pensions
2 594
-
3 859
-
health
989
-
1 471
-
total
3 875
-
5 764
-
Corporate
17 688
54 000
-
-
surtax
185
567
-
-
communal
1 194
3 645
-
-
income
2 653
8 100
-
-
total
4 032
12 312
-
-
Dividends
13 656
41 688
-
-
income
6 481
2 860
-
-
withholding
2 048
6 253
-
-
total
8 529
9 113
-
-
Income
54 000
54 000
54 000
54 000
Total tax
25 595
21 425
22 748
24 899
After tax
28 405
32 575
31 252
29 101
Living cost
23 277
23 277
23 277
23 277
Free-cash
5 128
9 298
7 975
5 824

Estimated living cost  is ₴23277 per week

₴17461
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Luxembourg model

Close
Athens , Greece
₴24346
₴22984
₴16408
₴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
-
-
-
54 000
income
-
-
-
11 656
pensions
-
-
-
10 800
other
-
-
-
-
unemployment
-
-
-
98
health
-
-
-
3 834
surtax
-
-
-
1 584
total
-
-
-
27 972
Employee
14 424
-
44 610
-
other
-
-
-
-
health
368
-
1 138
-
surtax
51
-
1 444
-
income
2 418
-
10 811
-
pensions
962
-
2 976
-
unemployment
1 004
-
3 105
-
total
4 803
-
19 474
-
Employer
14 424
-
44 610
-
other
-
-
-
-
unemployment
458
-
1 414
-
pensions
1 923
-
5 947
-
health
656
-
2 030
-
total
3 037
-
9 391
-
Corporate
36 539
54 000
-
-
income
9 500
14 040
-
-
total
9 500
14 040
-
-
Dividends
27 039
39 960
-
-
withholding
4 056
5 994
-
-
total
4 056
5 994
-
-
Income
54 000
54 000
54 000
54 000
Total tax
21 396
20 034
28 865
27 972
After tax
32 604
33 966
25 135
26 028
Living cost
9 620
9 620
9 620
9 620
Free-cash
22 984
24 346
15 515
16 408

Estimated living cost  is ₴9620 per week

₴5808
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴836
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.
₴2753
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16846
₴15894
₴15186
₴12631
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
municipal
-
-
-
321
regional
-
-
-
814
national
-
-
-
12 252
social contributions
-
-
-
13 889
total
-
-
-
27 276
Employee
23 759
-
54 000
-
social contributions
8 012
-
18 209
-
regional
320
-
726
-
municipal
126
-
286
-
national
3 764
-
10 610
-
total
12 222
-
29 831
-
Employer
23 759
-
54 000
-
total
-
-
-
-
Corporate
30 241
54 000
-
-
nationa
7 258
12 960
-
-
municipal
1 503
2 684
-
-
total
8 761
15 644
-
-
Dividends
21 480
38 356
-
-
withholding
5 585
9 972
-
-
total
5 585
9 972
-
-
Income
54 000
54 000
54 000
54 000
Total tax
26 568
25 616
29 831
27 276
After tax
27 432
28 384
24 169
26 724
Living cost
11 538
11 538
11 538
11 538
Free-cash
15 894
16 846
12 631
15 186

Estimated living cost  is ₴11538 per week

₴7176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1169
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.
₴2996
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24538
₴20028
₴14515
₴14762
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
4 792
health
-
-
-
7 290
solidarity contribution
-
-
-
-
social contributions
-
-
-
14 762
total
-
-
-
26 844
Employee
18 590
-
40 299
-
social contributions
1 208
-
2 619
-
health
2 510
-
5 440
-
solidarity contribution
-
-
-
-
income
2 231
-
4 836
-
total
5 949
-
12 895
-
Employer
18 590
-
40 299
-
social contributions
4 648
-
10 075
-
health
1 673
-
3 627
-
total
6 321
-
13 702
-
Corporate
29 089
54 000
-
-
income
5 527
10 260
-
-
total
5 527
10 260
-
-
Dividends
23 562
43 740
-
-
withholding
3 534
6 561
-
-
total
3 534
6 561
-
-
Income
54 000
54 000
54 000
54 000
Total tax
21 331
16 821
26 597
26 844
After tax
32 669
37 179
27 403
27 156
Living cost
12 641
12 641
12 641
12 641
Free-cash
20 028
24 538
14 762
14 515

Estimated living cost  is ₴12641 per week

₴9401
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴700
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2321
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16463
₴16252
₴13446
₴1299
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
chamber of commerce
-
-
-
216
income
-
-
-
10 961
pensions
-
-
-
9 257
unemployment
-
-
-
2 627
health
-
-
-
3 828
surtax
-
-
-
-
total
-
-
-
26 889
Employee
18 723
17 069
41 931
-
other
187
171
419
-
health
724
661
1 622
-
income
1 668
1 259
9 301
-
pensions
1 917
1 748
4 294
-
unemployment
562
512
1 258
-
total
5 058
4 351
16 894
-
Employer
18 723
17 069
41 931
-
accident
243
222
545
-
other
889
810
1 991
-
chamber of commerce
75
68
167
-
unemployment
562
512
1 258
-
surtax
-
-
-
-
pensions
2 350
2 143
5 262
-
payroll
562
512
1 258
-
health
708
645
1 585
-
total
5 389
4 912
12 066
-
Corporate
29 889
32 018
40 307
-
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.

7 472
8 005
10 076
-
total
7 472
8 005
10 076
-
Dividends
22 417
24 014
-
-
withholding
6 164
6 604
-
-
total
6 164
6 604
-
-
Income
54 000
54 000
54 000
54 000
Total tax
24 083
23 872
39 036
26 889
After tax
29 917
30 128
14 964
27 111
Living cost
13 665
13 665
13 665
13 665
Free-cash
16 252
16 463
1 299
13 446

Estimated living cost  is ₴13665 per week

₴8197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3828
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45295
₴44169
₴47455
₴37195
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
54 000
microenterprise

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

-
-
-
540
total
-
-
-
540
Employee
7 506
-
54 000
-
income
1 501
-
10 800
-
total
1 501
-
10 800
-
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%.

46 494
54 000
-
-
total
-
-
-
-
Dividends
46 494
54 000
-
-
withholding
2 325
2 700
-
-
total
2 325
2 700
-
-
Income
54 000
54 000
54 000
54 000
Total tax
3 826
2 700
10 800
540
After tax
50 174
51 300
43 200
53 460
Living cost
6 005
6 005
6 005
6 005
Free-cash
44 169
45 295
37 195
47 455

Estimated living cost  is ₴6005 per week

₴4064
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴252
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.
₴1488
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25691
₴22109
₴15960
₴14414
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 000
income
-
-
-
11 295
pensions
-
-
-
9 862
unemployment
-
-
-
81
health
-
-
-
5 314
total
-
-
-
26 552
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.

18 940
-
46 725
-
health
1 223
-
3 018
-
income
3 266
-
10 498
-
pensions
2 936
-
7 242
-
unemployment
27
-
65
-
total
7 452
-
20 823
-
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.

18 940
-
46 725
-
unemployment
11
-
28
-
pensions
1 676
-
4 136
-
health
1 261
-
3 111
-
total
2 948
-
7 275
-
Corporate
32 111
54 000
-
-
income
6 101
10 260
-
-
total
6 101
10 260
-
-
Dividends
26 010
43 740
-
-
withholding
3 902
6 561
-
-
total
3 902
6 561
-
-
Income
54 000
54 000
54 000
54 000
Total tax
20 403
16 821
28 098
26 552
After tax
33 597
37 179
25 902
27 448
Living cost
11 488
11 488
11 488
11 488
Free-cash
22 109
25 691
14 414
15 960

Estimated living cost  is ₴11488 per week

₴7884
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴736
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.
₴2646
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14356
-₴9922
₴18820
₴29862
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
10 526
social contributions
-
-
-
6 156
total
-
-
-
16 682
Employee
26 523
-
-
-
social contributions
2 175
-
310
-
income
5 851
-
-
-
total
8 026
-
310
-
Employer
26 523
-
-
-
social contributions
37 398
-
5 330
-
total
37 398
-
5 330
-
Corporate
-
54 000
-
-
income
-
11 880
-
-
total
-
11 880
-
-
Dividends
-
42 120
-
-
income
-
9 266
-
-
total
-
9 266
-
-
Income
54 000
54 000
54 000
54 000
Total tax
45 424
21 146
5 640
16 682
After tax
8 576
32 854
48 360
37 318
Living cost
18 498
18 498
18 498
18 498
Free-cash
-9 922
14 356
29 862
18 820

Estimated living cost  is ₴18498 per week

₴12002
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1740
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.
₴4520
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17280
₴16849
₴16203
₴12767
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 000
income
-
-
-
5 597
surtax
-
-
-
-
social contributions

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

-
-
-
18 765
total
-
-
-
24 362
Employee
19 699
-
43 637
-
social contributions
2 167
-
4 800
-
surtax
-
-
-
-
income
4 098
-
12 635
-
total
6 265
-
17 435
-
Employer
19 699
-
43 637
-
social contributions
4 679
-
10 363
-
total
4 679
-
10 363
-
Corporate
29 622
54 000
-
-
surtax
-
-
-
-
income
6 220
11 340
-
-
total
6 220
11 340
-
-
Dividends
23 402
42 660
-
-
withholding
6 552
11 945
-
-
total
6 552
11 945
-
-
Income
54 000
54 000
54 000
54 000
Total tax
23 716
23 285
27 798
24 362
After tax
30 284
30 715
26 202
29 638
Living cost
13 435
13 435
13 435
13 435
Free-cash
16 849
17 280
12 767
16 203

Estimated living cost  is ₴13435 per week

₴10052
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴792
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.
₴2366
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6528
₴9472
₴10090
₴11383
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
6 723
pensions
-
-
-
11 673
other
-
-
-
1 674
health
-
-
-
1 614
surtax
-
-
-
-
social contributions
-
-
-
1 539
total
-
-
-
23 223
Employee
26 826
-
43 021
-
social contributions
764
-
1 226
-
surtax
-
-
-
-
income
2 341
-
7 252
-
pensions
3 034
-
2 473
-
total
6 139
-
10 951
-
Employer
26 826
-
43 021
-
other
926
-
1 484
-
social contributions
80
-
129
-
unemployment
1 087
-
1 743
-
pensions
4 408
-
4 256
-
health
1 878
-
3 367
-
total
8 379
-
10 979
-
Corporate
18 795
54 000
-
-
surtax
-
-
-
-
income
5 263
15 120
-
-
total
5 263
15 120
-
-
Dividends
13 532
38 880
-
-
surtax
-
-
-
-
social contributions
2 328
6 688
-
-
withholding
1 732
4 977
-
-
total
4 060
11 665
-
-
Income
54 000
54 000
54 000
54 000
Total tax
23 841
26 785
21 930
23 223
After tax
30 159
27 215
32 070
30 777
Living cost
20 687
20 687
20 687
20 687
Free-cash
9 472
6 528
11 383
10 090

Estimated living cost  is ₴20687 per week

₴14001
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1692
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.
₴4710
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴35725
₴34286
₴27634
₴29070
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
1 611
social contributions
-
-
-
11 880
total
-
-
-
13 491
Employee
13 770
-
46 754
-
income
-
-
1 770
-
social contributions
895
-
3 039
-
total
895
-
4 809
-
Employer
13 770
-
46 754
-
social contributions
2 134
-
7 246
-
total
2 134
-
7 246
-
Corporate
38 096
54 000
-
-
income
3 810
5 400
-
-
total
3 810
5 400
-
-
Dividends
34 286
48 600
-
-
total
-
-
-
-
Income
54 000
54 000
54 000
54 000
Total tax
6 839
5 400
12 055
13 491
After tax
47 161
48 600
41 945
40 509
Living cost
12 875
12 875
12 875
12 875
Free-cash
34 286
35 725
29 070
27 634

Estimated living cost  is ₴12875 per week

₴8325
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴970
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3337
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴39362
-₴39362
₴12194
-₴39362
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
municipal
-
-
-
10 611
pensions
-
-
-
371
national
-
-
-
5 897
labour market
-
-
-
4 290
total
-
-
-
21 169
Employee
87 103
87 103
87 103
-
labour market
6 958
6 958
6 958
-
national
10 641
10 641
10 641
-
municipal
18 548
18 548
18 548
-
pensions
124
124
124
-
total
36 271
36 271
36 271
-
Employer
87 103
87 103
87 103
-
labour market
6 968
6 968
6 968
-
municipal
18 578
18 578
18 578
-
pensions
248
248
248
-
national
10 660
10 660
10 660
-
total
36 454
36 454
36 454
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
54 000
54 000
54 000
54 000
Total tax
72 725
72 725
72 725
21 169
After tax
-18 725
-18 725
-18 725
32 831
Living cost
20 637
20 637
20 637
20 637
Free-cash
-39 362
-39 362
-39 362
12 194

Estimated living cost  is ₴20637 per week

₴14124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴317
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4370
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴4856
₴2957
₴27759
₴19364
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
accident
-
-
-
108
income
-
-
-
14 044
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
17 011
Employee
14 519
-
47 358
-
health
1 663
-
5 422
-
income
1 992
-
10 093
-
pensions
1 635
-
3 249
-
total
5 290
-
18 764
-
Employer
14 519
-
47 358
-
accident
242
-
791
-
unemployment
356
-
1 160
-
pensions
2 361
-
4 691
-
total
2 959
-
6 642
-
Corporate
36 522
54 000
-
-
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.

32 870
48 600
-
-
total
32 870
48 600
-
-
Dividends
3 652
5 400
-
-
withholding
694
1 026
-
-
total
694
1 026
-
-
Income
54 000
54 000
54 000
54 000
Total tax
41 813
49 626
25 406
17 011
After tax
12 187
4 374
28 594
36 989
Living cost
9 230
9 230
9 230
9 230
Free-cash
2 957
-4 856
19 364
27 759

Estimated living cost  is ₴9230 per week

₴6718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1812
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18607
₴18711
₴20651
₴13245
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
54 000
municipal
-
-
-
9 603
health
-
-
-
653
national
-
-
-
6 649
total
-
-
-
16 905
Employee
22 535
-
45 428
-
health
168
-
521
-
municipal
3 691
-
7 409
-
pensions
1 521
-
3 067
-
unemployment
338
-
681
-
national
372
-
4 060
-
total
6 090
-
15 738
-
Employer
22 535
-
45 428
-
accident
23
-
46
-
unemployment
146
-
295
-
pensions
3 910
-
7 882
-
health
173
-
350
-
total
4 252
-
8 573
-
Corporate
27 214
54 000
-
-
income
5 443
10 800
-
-
total
5 443
10 800
-
-
Dividends

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

16 328
32 400
-
-
national
121
2 317
-
-
municipal
2 939
5 832
-
-
total
3 060
8 149
-
-
Income
54 000
54 000
54 000
54 000
Total tax
18 845
18 949
24 311
16 905
After tax
35 155
35 051
29 689
37 095
Living cost
16 444
16 444
16 444
16 444
Free-cash
18 711
18 607
13 245
20 651

Estimated living cost  is ₴16444 per week

₴10741
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1582
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.
₴3860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29547
₴27217
₴27912
₴27337
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
7 864
health
-
-
-
1 377
social contributions
-
-
-
6 930
total
-
-
-
16 171
Employee
32 936
32 936
49 399
-
social contributions
1 245
2 733
3 687
-
health
255
560
840
-
income
3 586
3 049
7 618
-
total
5 086
6 342
12 145
-
Employer
32 936
32 936
49 399
-
social contributions
1 245
2 733
3 687
-
health
277
610
914
-
total
1 522
3 343
4 601
-
Corporate
37 474
17 721
-
-
income
4 684
2 215
-
-
total
4 684
2 215
-
-
Dividends
32 790
15 506
-
-
withholding
5 574
2 636
-
-
total
5 574
2 636
-
-
Income
54 000
54 000
54 000
54 000
Total tax
16 866
14 536
16 746
16 171
After tax
37 134
39 464
37 254
37 829
Living cost
9 917
9 917
9 917
9 917
Free-cash
27 217
29 547
27 337
27 912

Estimated living cost  is ₴9917 per week

₴5943
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.
₴219
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Podgorica , Montenegro
₴37917
₴35738
₴37596
₴29006
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
54 000
income
-
-
-
5 317
pensions
-
-
-
2 725
unemployment
-
-
-
12
health
-
-
-
1 550
total
-
-
-
9 604
Employee

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

9 831
-
49 814
-
health
836
-
3 454
-
income
672
-
4 255
-
pensions
1 474
-
6 096
-
unemployment
49
-
203
-
total
3 031
-
14 008
-
Employer

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

9 831
-
49 814
-
unemployment
49
-
203
-
pensions
541
-
2 235
-
health
423
-
1 748
-
total
1 013
-
4 186
-
Corporate
43 157
54 000
-
-
income
3 884
4 860
-
-
total
3 884
4 860
-
-
Dividends
39 272
49 140
-
-
withholding
3 534
4 423
-
-
total
3 534
4 423
-
-
Income
54 000
54 000
54 000
54 000
Total tax
11 462
9 283
18 194
9 604
After tax
42 538
44 717
35 806
44 396
Living cost
6 800
6 800
6 800
6 800
Free-cash
35 738
37 917
29 006
37 596

Estimated living cost  is ₴6800 per week

₴4339
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
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.
₴1769
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24476
₴22335
₴18231
₴16175
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
accident
-
-
-
358
income
-
-
-
12 080
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
23 991
Employee
15 837
-
41 344
-
other
15
-
40
-
income
3 053
-
10 870
-
pensions
745
-
1 866
-
unemployment
245
-
615
-
total
4 058
-
13 391
-
Employer
15 837
-
41 344
-
accident
314
-
786
-
other
127
-
318
-
unemployment
871
-
2 183
-
pensions
3 737
-
9 369
-
total
5 049
-
12 656
-
Corporate
33 113
54 000
-
-
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.

4 967
8 100
-
-
total
4 967
8 100
-
-
Dividends
28 146
45 900
-
-
withholding
5 813
9 646
-
-
total
5 813
9 646
-
-
Income
54 000
54 000
54 000
54 000
Total tax
19 887
17 746
26 047
23 991
After tax
34 113
36 254
27 953
30 009
Living cost
11 778
11 778
11 778
11 778
Free-cash
22 335
24 476
16 175
18 231

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2490
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32526
₴32333
₴33243
₴33161
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
18 115
pensions
-
-
-
853
health
-
-
-
619
total
-
-
-
19 587
Employee
1 782
-
53 040
-
health
89
-
213
-
income
345
-
18 070
-
pensions
160
-
384
-
unemployment
18
-
43
-
total
612
-
18 710
-
Employer
1 782
-
53 040
-
unemployment
36
-
85
-
pensions
196
-
469
-
health
169
-
405
-
total
401
-
959
-
Corporate
51 817
54 000
-
-
income
11 400
11 880
-
-
total
11 400
11 880
-
-
Dividends
40 418
42 120
-
-
withholding
8 084
8 424
-
-
total
8 084
8 424
-
-
Income
54 000
54 000
54 000
54 000
Total tax
20 497
20 304
19 669
19 587
After tax
33 503
33 696
34 331
34 413
Living cost
1 170
1 170
1 170
1 170
Free-cash
32 333
32 526
33 161
33 243

Estimated living cost  is ₴1170 per week

₴695
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.
₴353
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31607
₴29499
₴22915
₴22916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 000
income
-
-
-
11 711
pensions
-
-
-
8 230
unemployment
-
-
-
475
health
-
-
-
3 261
total
-
-
-
23 677
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.

11 170
-
48 334
-
health
575
-
1 630
-
income
1 540
-
11 711
-
pensions
1 564
-
4 432
-
unemployment
84
-
237
-
total
3 763
-
18 010
-
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.

11 170
-
48 334
-
unemployment
84
-
237
-
pensions
1 340
-
3 799
-
health
575
-
1 630
-
total
1 999
-
5 666
-
Corporate
40 830
54 000
-
-
income
6 125
8 100
-
-
total
6 125
8 100
-
-
Dividends
34 706
45 900
-
-
withholding
5 206
6 885
-
-
total
5 206
6 885
-
-
Income
54 000
54 000
54 000
54 000
Total tax
17 093
14 985
23 676
23 677
After tax
36 907
39 015
30 324
30 323
Living cost
7 408
7 408
7 408
7 408
Free-cash
29 499
31 607
22 916
22 915

Estimated living cost  is ₴7408 per week

₴4988
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴573
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19168
₴19014
₴18091
₴14655
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 000
income
-
-
-
5 597
surtax
-
-
-
-
social contributions

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

-
-
-
18 765
total
-
-
-
24 362
Employee
16 624
-
43 637
-
social contributions
1 829
-
4 800
-
surtax
-
-
-
-
income
3 248
-
12 635
-
total
5 077
-
17 435
-
Employer
16 624
-
43 637
-
social contributions
3 948
-
10 363
-
total
3 948
-
10 363
-
Corporate
33 428
54 000
-
-
surtax
-
-
-
-
income
7 020
11 340
-
-
total
7 020
11 340
-
-
Dividends
26 408
42 660
-
-
withholding
7 394
11 945
-
-
total
7 394
11 945
-
-
Income
54 000
54 000
54 000
54 000
Total tax
23 439
23 285
27 798
24 362
After tax
30 561
30 715
26 202
29 638
Living cost
11 547
11 547
11 547
11 547
Free-cash
19 014
19 168
14 655
18 091

Estimated living cost  is ₴11547 per week

₴8179
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴802
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.
₴2362
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21201
₴18038
₴14956
₴12900
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
accident
-
-
-
358
income
-
-
-
12 080
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
23 991
Employee
20 686
-
41 344
-
other
20
-
40
-
income
4 321
-
10 870
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 633
-
13 391
-
Employer
20 686
-
41 344
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
26 719
54 000
-
-
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.

4 008
8 100
-
-
total
4 008
8 100
-
-
Dividends
22 711
45 900
-
-
withholding
4 672
9 646
-
-
total
4 672
9 646
-
-
Income
54 000
54 000
54 000
54 000
Total tax
20 909
17 746
26 047
23 991
After tax
33 091
36 254
27 953
30 009
Living cost
15 053
15 053
15 053
15 053
Free-cash
18 038
21 201
12 900
14 956

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38798
₴36186
₴34530
₴36416
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
8 100
pensions

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

-
-
-
2 216
unemployment
-
-
-
60
health
-
-
-
1 722
total
-
-
-
12 098
Employee
9 762
-
51 063
-
health
449
-
689
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
income
976
-
5 106
-
pensions

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

857
-
1 314
-
total
2 389
-
7 274
-
Employer
9 762
-
51 063
-
accident

We are using the highest rate at 1.1%.

107
-
165
-
unemployment
59
-
90
-
pensions

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

1 076
-
1 650
-
health
674
-
1 033
-
total
1 916
-
2 938
-
Corporate
42 322
54 000
-
-
income
4 232
5 400
-
-
total
4 232
5 400
-
-
Dividends
38 090
48 600
-
-
withholding
1 905
2 430
-
-
total
1 905
2 430
-
-
Income
54 000
54 000
54 000
54 000
Total tax
10 442
7 830
10 212
12 098
After tax
43 558
46 170
43 788
41 902
Living cost
7 372
7 372
7 372
7 372
Free-cash
36 186
38 798
36 416
34 530

Estimated living cost  is ₴7372 per week

₴4876
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.
₴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.
₴1899
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11291
₴16894
₴14544
₴19436
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 000
trade
-
-
-
4 892
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.

-
-
-
14 314
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.

-
-
-
2 926
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.

-
-
-
788
total
-
-
-
22 920
Employee

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

21 311
-
54 000
-
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.

2 926
-
2 926
-
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
-
788
-
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.

1 752
-
14 314
-
total
4 775
-
18 028
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
32 689
54 000
-
-
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.

270
445
-
-
income
4 903
8 100
-
-
trade
4 691
7 749
-
-
chamber of commerce
113
144
-
-
total
9 977
16 438
-
-
Dividends
22 712
37 562
-
-
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.

303
507
-
-
withholding
5 515
9 228
-
-
total
5 818
9 735
-
-
Income
54 000
54 000
54 000
54 000
Total tax
20 570
26 173
18 028
22 920
After tax
33 430
27 827
35 972
31 080
Living cost
16 536
16 536
16 536
16 536
Free-cash
16 894
11 291
19 436
14 544

Estimated living cost  is ₴16536 per week

₴11407
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.
₴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.
₴3110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13401
₴14347
₴10043
₴10043
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
14 520
social contributions
-
-
-
5 038
total
-
-
-
19 558
Employee
33 504
-
54 000
-
income
6 322
-
14 520
-
social contributions
2 783
-
5 038
-
total
9 105
-
19 558
-
Employer
33 504
-
54 000
-
total
-
-
-
-
Corporate
20 496
54 000
-
-
income
2 562
6 750
-
-
total
2 562
6 750
-
-
Dividends
17 934
47 250
-
-
withholding
3 587
9 450
-
-
total
3 587
9 450
-
-
Income
54 000
54 000
54 000
54 000
Total tax
15 254
16 200
19 558
19 558
After tax
38 746
37 800
34 442
34 442
Living cost
24 399
24 399
24 399
24 399
Free-cash
14 347
13 401
10 043
10 043

Estimated living cost  is ₴24399 per week

₴18562
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴233
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴17289
₴18785
₴23399
₴24156
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 000
income
-
-
-
12 192
health

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

-
-
-
2 861
total
-
-
-
15 053
Employee
19 649
-
52 030
-
income
2 132
-
10 356
-
social contributions
1 969
-
1 970
-
total
4 101
-
12 326
-
Employer
19 649
-
52 030
-
social contributions
1 969
-
1 970
-
total
1 969
-
1 970
-
Corporate
32 383
54 000
-
-
income
11 334
18 900
-
-
total
11 334
18 900
-
-
Dividends
21 049
35 100
-
-
social contributions
2 263
2 263
-
-
total
2 263
2 263
-
-
Income
54 000
54 000
54 000
54 000
Total tax
19 667
21 163
14 296
15 053
After tax
34 333
32 837
39 704
38 947
Living cost
15 548
15 548
15 548
15 548
Free-cash
18 785
17 289
24 156
23 399

Estimated living cost  is ₴15548 per week

₴10241
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1226
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3842
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21723
₴22069
₴21474
₴16466
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
income
-
-
-
13 128
pensions
-
-
-
3 433
total
-
-
-
16 561
Employee
21 914
-
47 373
-
health
286
-
772
-
income
3 991
-
9 789
-
pensions
1 673
-
4 381
-
total
5 950
-
14 942
-
Employer
21 914
-
47 373
-
pensions
2 214
-
5 727
-
health
416
-
900
-
total
2 630
-
6 627
-
Corporate
29 456
54 000
-
-
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.

5 597
10 260
-
-
total
5 597
10 260
-
-
Dividends
23 859
43 740
-
-
withholding
1 789
6 052
-
-
total
1 789
6 052
-
-
Income
54 000
54 000
54 000
54 000
Total tax
15 966
16 312
21 569
16 561
After tax
38 034
37 688
32 431
37 439
Living cost
15 965
15 965
15 965
15 965
Free-cash
22 069
21 723
16 466
21 474

Estimated living cost  is ₴15965 per week

₴10952
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1468
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴200
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3344
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴5769
₴2819
₴26846
₴18451
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
accident
-
-
-
108
income
-
-
-
14 044
pensions
-
-
-
1 772
other
-
-
-
158
health
-
-
-
929
total
-
-
-
17 011
Employee
15 956
-
47 358
-
health
1 827
-
5 422
-
income
2 189
-
10 093
-
pensions
1 797
-
3 249
-
total
5 813
-
18 764
-
Employer
15 956
-
47 358
-
accident
266
-
791
-
unemployment
391
-
1 160
-
pensions
2 594
-
4 691
-
total
3 251
-
6 642
-
Corporate
34 792
54 000
-
-
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.

31 313
48 600
-
-
total
31 313
48 600
-
-
Dividends
3 479
5 400
-
-
withholding
661
1 026
-
-
total
661
1 026
-
-
Income
54 000
54 000
54 000
54 000
Total tax
41 038
49 626
25 406
17 011
After tax
12 962
4 374
28 594
36 989
Living cost
10 143
10 143
10 143
10 143
Free-cash
2 819
-5 769
18 451
26 846

Estimated living cost  is ₴10143 per week

₴7444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1904
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39656
₴37653
₴24786
₴30218
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 000
work injury
-
-
-
270
health insurance
-
-
-
3 996
income
-
-
-
8 579
pensions
-
-
-
9 936
unemployment
-
-
-
648
total
-
-
-
23 429
Employee

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

9 257
-
54 000
-
work injury
46
-
171
-
income
926
-
8 579
-
pensions
1 703
-
6 302
-
health insurance
685
-
2 534
-
unemployment
111
-
411
-
total
3 471
-
17 997
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
44 743
54 000
-
-
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%.

447
540
-
-
total
447
540
-
-
Dividends
44 296
53 460
-
-
withholding
6 644
8 019
-
-
total
6 644
8 019
-
-
Income
54 000
54 000
54 000
54 000
Total tax
10 562
8 559
17 997
23 429
After tax
43 438
45 441
36 003
30 571
Living cost
5 785
5 785
5 785
5 785
Free-cash
37 653
39 656
30 218
24 786

Estimated living cost  is ₴5785 per week

₴3584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴420
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1600
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11380
₴9433
₴9254
₴6785
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 000
municipal
-
-
-
361
regional
-
-
-
1 181
national
-
-
-
12 252
social contributions
-
-
-
13 889
total
-
-
-
27 683
Employee
36 093
-
54 000
-
social contributions
12 170
-
18 209
-
regional
545
-
1 011
-
municipal
215
-
322
-
national
6 099
-
10 610
-
total
19 029
-
30 152
-
Employer
36 093
-
54 000
-
total
-
-
-
-
Corporate
17 907
54 000
-
-
nationa
4 298
12 960
-
-
municipal
863
2 603
-
-
total
5 161
15 563
-
-
Dividends
12 746
38 437
-
-
withholding
3 314
9 994
-
-
total
3 314
9 994
-
-
Income
54 000
54 000
54 000
54 000
Total tax
27 504
25 557
30 152
27 683
After tax
26 496
28 443
23 848
26 317
Living cost
17 063
17 063
17 063
17 063
Free-cash
9 433
11 380
6 785
9 254

Estimated living cost  is ₴17063 per week

₴11986
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.
₴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.
₴3645
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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