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
₴ 54500
per

Your estimated
City
free-cash

Dresden , Germany
₴11970
₴22822
₴17660
₴18004
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 500
health

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

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

-
-
-
3 513
income

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

-
-
-
11 932
trade
-
-
-
4 818
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.

-
-
-
656
total
-
-
-
20 919
Employee

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

19 670
-
54 500
-
surtax

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

30
-
656
-
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.

549
-
11 932
-
health

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

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

3 513
-
3 513
-
total
4 092
-
16 101
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
34 830
54 500
-
-
trade
5 486
8 583
-
-
chamber of commerce
128
156
-
-
surtax

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

287
450
-
-
income
5 224
8 175
-
-
total
11 125
17 364
-
-
Dividends
23 705
37 135
-
-
withholding
5 731
9 089
-
-
surtax

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

315
500
-
-
total
6 046
9 589
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 263
26 953
16 101
20 919
After tax
33 237
27 547
38 399
33 581
Living cost
15 577
15 577
15 577
15 577
Free-cash
17 660
11 970
22 822
18 004

Estimated living cost  is ₴15577 per week

₴9798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1816
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3671
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6775
₴6072
₴6323
₴5644
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
social contributions
-
-
-
586
national
-
-
-
8 811
pensions
-
-
-
6 540
municipal
-
-
-
5 686
total
-
-
-
21 623
Employee
42 217
-
47 115
-
national
8 080
-
9 138
-
municipal
5 214
-
5 897
-
pensions
1 689
-
1 885
-
total
14 983
-
16 920
-
Employer
42 217
-
47 115
-
pensions
3 377
-
3 769
-
social contributions
454
-
506
-
total
3 831
-
4 275
-
Corporate
5 666
54 500
-
-
income

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

1 133
10 900
-
-
total
1 133
10 900
-
-
Dividends
4 533
43 600
-
-
withholding
997
9 592
-
-
total
997
9 592
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 944
20 492
21 195
21 623
After tax
33 556
34 008
33 305
32 877
Living cost
27 233
27 233
27 233
27 233
Free-cash
6 323
6 775
6 072
5 644

Estimated living cost  is ₴27233 per week

₴18510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2532
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴408
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5784
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32901
₴19985
₴28683
₴18360
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 500
microenterprise
-
-
-
-
social contributions

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

-
-
-
17 522
income
-
-
-
7 919
surtax
-
-
-
-
total
-
-
-
25 441
Employee
15 027
-
43 920
-
surtax
-
-
-
-
income
2 675
-
8 405
-
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.

1 653
-
4 831
-
total
4 328
-
13 236
-
Employer
15 027
-
43 920
-
surtax
-
-
-
-
social contributions

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

3 620
-
10 580
-
total
3 620
-
10 580
-
Corporate
35 853
54 500
-
-
income

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

7 170
10 900
-
-
total
7 170
10 900
-
-
Dividends

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

28 683
43 600
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
15 118
10 900
23 816
25 441
After tax
39 382
43 600
30 684
29 059
Living cost
10 699
10 699
10 699
10 699
Free-cash
28 683
32 901
19 985
18 360

Estimated living cost  is ₴10699 per week

₴6826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1019
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2612
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4900
₴5748
₴1749
₴9374
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
6 337
income
-
-
-
11 220
pensions
-
-
-
6 025
total
-
-
-
23 582
Employee
43 917
43 917
46 378
-
income

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

7 188
7 188
7 188
-
pensions
7 905
6 025
6 025
-
health
6 741
5 734
5 874
-
total
21 834
18 947
19 087
-
Employer
43 917
43 917
46 378
-
unemployment
1 581
1 581
1 670
-
pensions
3 057
3 057
3 228
-
health
3 053
3 053
3 223
-
total
7 691
7 691
8 121
-
Corporate
3 432
2 893
-
-
income
686
579
-
-
total
686
579
-
-
Dividends
2 746
2 314
-
-
withholding
412
347
-
-
income
584
492
-
-
total
996
839
-
-
Income
54 500
54 500
54 500
54 500
Total tax
31 207
28 056
27 208
23 582
After tax
23 293
26 444
27 292
30 918
Living cost
21 544
21 544
21 544
21 544
Free-cash
1 749
4 900
5 748
9 374

Estimated living cost  is ₴21544 per week

₴15267
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1942
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴343
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8291
₴7638
₴7810
₴7216
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
2 936
national
-
-
-
-
pensions
-
-
-
5 086
unemployment
-
-
-
47
other
-
-
-
5 467
accident
-
-
-
94
municipal
-
-
-
12 188
total
-
-
-
25 818
Employee
30 587
-
41 470
-
national
-
-
-
-
municipal
9 121
-
12 366
-
total
9 121
-
12 366
-
Employer
30 587
-
41 470
-
unemployment
807
-
1 095
-
pensions
3 306
-
4 483
-
accident
61
-
83
-
other
3 554
-
4 819
-
health
1 881
-
2 550
-
total
9 609
-
13 030
-
Corporate
14 303
54 500
-
-
income
3 147
11 990
-
-
total
3 147
11 990
-
-
Dividends
11 156
42 510
-
-
withholding
3 347
12 753
-
-
total
3 347
12 753
-
-
Income
54 500
54 500
54 500
54 500
Total tax
25 224
24 743
25 396
25 818
After tax
29 276
29 757
29 104
28 682
Living cost
21 466
21 466
21 466
21 466
Free-cash
7 810
8 291
7 638
7 216

Estimated living cost  is ₴21466 per week

₴14227
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2106
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴326
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7064
₴18196
₴14291
₴13164
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
54 500
health

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

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

-
-
-
3 513
income

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

-
-
-
11 932
trade
-
-
-
5 032
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.

-
-
-
656
total
-
-
-
21 133
Employee

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

26 080
-
54 500
-
surtax

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

123
-
656
-
income

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

2 241
-
11 932
-
health

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

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

3 513
-
3 513
-
total
5 877
-
16 101
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 420
54 500
-
-
trade
4 675
8 965
-
-
chamber of commerce
118
155
-
-
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.

234
450
-
-
income
4 263
8 175
-
-
total
9 290
17 745
-
-
Dividends
19 130
36 755
-
-
withholding
4 587
8 993
-
-
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.

252
495
-
-
total
4 839
9 488
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 006
27 233
16 101
21 133
After tax
34 494
27 267
38 399
33 367
Living cost
20 203
20 203
20 203
20 203
Free-cash
14 291
7 064
18 196
13 164

Estimated living cost  is ₴20203 per week

₴13512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2130
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4259
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23196
₴21508
₴21062
₴21689
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
1 390
social contributions
-
-
-
8 321
income
-
-
-
6 420
total
-
-
-
16 131
Employee
39 545
39 545
49 478
-
income
4 153
3 661
6 342
-
social contributions
1 922
3 282
4 107
-
health
393
672
841
-
total
6 468
7 615
11 290
-
Employer
39 545
39 545
49 478
-
social contributions
1 922
3 282
4 107
-
health
428
732
915
-
total
2 350
4 014
5 022
-
Corporate
29 002
10 941
-
-
income
3 626
1 367
-
-
total
3 626
1 367
-
-
Dividends
25 377
9 574
-
-
withholding
4 314
1 628
-
-
total
4 314
1 628
-
-
Income
54 500
54 500
54 500
54 500
Total tax
16 758
14 624
16 312
16 131
After tax
37 742
39 876
38 188
38 369
Living cost
16 680
16 680
16 680
16 680
Free-cash
21 062
23 196
21 508
21 689

Estimated living cost  is ₴16680 per week

₴11403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1303
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3695
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21327
₴22233
₴21525
₴28392
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
3 815
income
-
-
-
6 663
pensions
-
-
-
5 450
unemployment
-
-
-
818
total
-
-
-
16 746
Employee

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

The minimum wage is 138,000 HUF per month.

13 515
5 379
45 607
-
unemployment
203
81
684
-
income
1 652
658
5 575
-
pensions
1 351
538
4 561
-
health
946
377
3 192
-
total
4 152
1 654
14 012
-
Employer

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

The minimum wage is 138,000 HUF per month.

13 515
5 379
45 607
-
pensions
2 635
1 049
8 893
-
total
2 635
1 049
8 893
-
Corporate
38 350
48 072
-
-
income
3 451
4 327
-
-
total
3 451
4 327
-
-
Dividends
34 898
43 746
-
-
withholding
6 631
8 312
-
-
social contributions
6 744
8 469
-
-
total
13 375
16 781
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 613
23 811
22 905
16 746
After tax
30 887
30 689
31 595
37 754
Living cost
9 362
9 362
9 362
9 362
Free-cash
21 525
21 327
22 233
28 392

Estimated living cost  is ₴9362 per week

₴6389
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴187
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2020
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31178
₴18991
₴27985
₴16790
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
7 085
income
-
-
-
7 303
pensions
-
-
-
10 900
total
-
-
-
25 288
Employee
14 589
-
40 733
-
unemployment
233
-
652
-
income
1 642
-
7 853
-
pensions
292
-
815
-
total
2 167
-
9 320
-
Employer
14 589
-
40 733
-
unemployment
117
-
326
-
pensions
2 918
-
8 146
-
health
1 896
-
5 295
-
total
4 931
-
13 767
-
Corporate
34 980
54 500
-
-
income
6 995
10 900
-
-
total
6 995
10 900
-
-
Dividends
27 984
43 600
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
14 093
10 900
23 087
25 288
After tax
40 407
43 600
31 413
29 212
Living cost
12 422
12 422
12 422
12 422
Free-cash
27 985
31 178
18 991
16 790

Estimated living cost  is ₴12422 per week

₴8520
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴740
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2912
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6969
₴16934
₴2668
₴26005
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
1 128
income
-
-
-
13 508
pensions
-
-
-
2 153
other
-
-
-
192
accident
-
-
-
131
total
-
-
-
17 112
Employee
17 906
-
46 869
-
income
2 456
-
9 239
-
pensions
2 016
-
3 947
-
health
2 050
-
5 366
-
total
6 522
-
18 552
-
Employer
17 906
-
46 869
-
unemployment
439
-
1 148
-
pensions
2 912
-
5 700
-
accident
299
-
783
-
total
3 650
-
7 631
-
Corporate
32 945
54 500
-
-
income

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

29 651
49 050
-
-
total
29 651
49 050
-
-
Dividends
3 294
5 450
-
-
withholding
626
1 036
-
-
total
626
1 036
-
-
Income
54 500
54 500
54 500
54 500
Total tax
40 449
50 086
26 183
17 112
After tax
14 051
4 414
28 317
37 388
Living cost
11 383
11 383
11 383
11 383
Free-cash
2 668
-6 969
16 934
26 005

Estimated living cost  is ₴11383 per week

₴8343
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴631
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.
₴2172
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47510
₴39335
₴46711
₴49690
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
54 500
microenterprise

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

-
-
-
545
total
-
-
-
545
Employee
5 331
-
54 500
-
income
1 066
-
10 900
-
total
1 066
-
10 900
-
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%.

49 169
54 500
-
-
total
-
-
-
-
Dividends
49 169
54 500
-
-
withholding
2 458
2 725
-
-
total
2 458
2 725
-
-
Income
54 500
54 500
54 500
54 500
Total tax
3 524
2 725
10 900
545
After tax
50 976
51 775
43 600
53 955
Living cost
4 265
4 265
4 265
4 265
Free-cash
46 711
47 510
39 335
49 690

Estimated living cost  is ₴4265 per week

₴2643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴117
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1150
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26338
₴18054
₴22864
₴15798
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
2 398
income
-
-
-
6 932
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.

-
-
-
13 080
other
-
-
-
2 589
total
-
-
-
24 999
Employee
18 673
-
43 530
-
unemployment
186
-
435
-
income
3 215
-
7 684
-
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.

1 307
-
3 047
-
health
262
-
609
-
total
4 970
-
11 775
-
Employer
18 673
-
43 530
-
unemployment
186
-
435
-
pensions

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

3 175
-
7 399
-
accident
149
-
348
-
other
934
-
2 177
-
health
262
-
609
-
total
4 706
-
10 968
-
Corporate
31 121
54 500
-
-
income
6 536
11 445
-
-
total
6 536
11 445
-
-
Dividends
24 586
43 055
-
-
withholding
1 721
3 014
-
-
total
1 721
3 014
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 933
14 459
22 743
24 999
After tax
36 567
40 041
31 757
29 501
Living cost
13 703
13 703
13 703
13 703
Free-cash
22 864
26 338
18 054
15 798

Estimated living cost  is ₴13703 per week

₴9682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴925
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴221
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5234
-₴310
-₴695
₴4525
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
11 768
pensions
-
-
-
3 898
total
-
-
-
15 666
Employee
48 542
-
47 940
-
income
8 750
-
8 543
-
pensions
4 683
-
4 611
-
health
800
-
787
-
total
14 233
-
13 941
-
Employer
48 542
-
47 940
-
pensions
5 731
-
5 649
-
health
922
-
911
-
total
6 653
-
6 560
-
Corporate
-
54 500
-
-
income

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

-
10 354
-
-
total
-
10 354
-
-
Dividends
-
44 146
-
-
withholding
-
4 603
-
-
total
-
4 603
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 886
14 957
20 501
15 666
After tax
33 614
39 543
33 999
38 834
Living cost
34 309
34 309
34 309
34 309
Free-cash
-695
5 234
-310
4 525

Estimated living cost  is ₴34309 per week

₴25708
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴4031
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4291
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴39871
₴36563
₴37486
₴34812
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
2 061
income
-
-
-
8 175
pensions

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

-
-
-
2 653
unemployment
-
-
-
72
total
-
-
-
12 961
Employee
8 908
-
50 984
-
income
891
-
5 098
-
accident

We are using the highest rate at 1.1%.

98
-
197
-
pensions

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

782
-
1 574
-
health
410
-
824
-
total
2 181
-
7 693
-
Employer
8 908
-
50 984
-
unemployment
53
-
108
-
pensions

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

982
-
1 975
-
accident

We are using the highest rate at 1.1%.

98
-
197
-
health
615
-
1 237
-
total
1 748
-
3 517
-
Corporate
43 844
54 500
-
-
income
4 385
5 450
-
-
total
4 385
5 450
-
-
Dividends
39 460
49 050
-
-
withholding
1 973
2 452
-
-
total
1 973
2 452
-
-
Income
54 500
54 500
54 500
54 500
Total tax
10 287
7 902
11 210
12 961
After tax
44 213
46 598
43 290
41 539
Living cost
6 727
6 727
6 727
6 727
Free-cash
37 486
39 871
36 563
34 812

Estimated living cost  is ₴6727 per week

₴3928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2141
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴2073
-₴1225
-₴1526
₴2401
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
6 337
income
-
-
-
11 220
pensions
-
-
-
6 025
total
-
-
-
23 582
Employee
47 680
43 917
46 378
-
income

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

7 188
7 188
7 188
-
pensions
6 025
6 025
6 025
-
health
5 948
5 734
5 874
-
total
19 161
18 947
19 087
-
Employer
47 680
43 917
46 378
-
unemployment
1 717
1 581
1 670
-
pensions
3 318
3 057
3 228
-
health
3 313
3 053
3 223
-
total
8 348
7 691
8 121
-
Corporate
-
2 893
-
-
income
-
579
-
-
total
-
579
-
-
Dividends
-
2 314
-
-
withholding
-
347
-
-
income
-
492
-
-
total
-
839
-
-
Income
54 500
54 500
54 500
54 500
Total tax
27 509
28 056
27 208
23 582
After tax
26 991
26 444
27 292
30 918
Living cost
28 517
28 517
28 517
28 517
Free-cash
-1 526
-2 073
-1 225
2 401

Estimated living cost  is ₴28517 per week

₴21036
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2547
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4607
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24835
₴14968
₴20309
₴13856
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
7 358
social contributions
-
-
-
15 914
income
-
-
-
4 684
solidarity contribution
-
-
-
-
total
-
-
-
27 956
Employee
18 659
-
40 672
-
income
2 239
-
4 881
-
solidarity contribution
-
-
-
-
social contributions
1 213
-
2 644
-
health
2 519
-
5 491
-
total
5 971
-
13 016
-
Employer
18 659
-
40 672
-
social contributions
4 665
-
10 168
-
health
1 679
-
3 660
-
total
6 344
-
13 828
-
Corporate
29 496
54 500
-
-
income
5 604
10 355
-
-
total
5 604
10 355
-
-
Dividends
23 892
44 145
-
-
withholding
3 584
6 622
-
-
total
3 584
6 622
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 503
16 977
26 844
27 956
After tax
32 997
37 523
27 656
26 544
Living cost
12 688
12 688
12 688
12 688
Free-cash
20 309
24 835
14 968
13 856

Estimated living cost  is ₴12688 per week

₴8814
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴903
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.
₴2723
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7378
₴3466
₴4693
₴6060
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
social contributions
-
-
-
14 017
national
-
-
-
11 792
regional
-
-
-
607
municipal
-
-
-
324
total
-
-
-
26 740
Employee
45 705
-
54 500
-
regional
431
-
532
-
national
7 920
-
10 135
-
municipal
242
-
289
-
social contributions
15 412
-
18 378
-
total
24 005
-
29 334
-
Employer
45 705
-
54 500
-
total
-
-
-
-
Corporate
8 795
54 500
-
-
nationa
2 111
13 080
-
-
municipal
343
2 126
-
-
total
2 454
15 206
-
-
Dividends
6 341
39 294
-
-
withholding
1 648
10 216
-
-
total
1 648
10 216
-
-
Income
54 500
54 500
54 500
54 500
Total tax
28 107
25 422
29 334
26 740
After tax
26 393
29 078
25 166
27 760
Living cost
21 700
21 700
21 700
21 700
Free-cash
4 693
7 378
3 466
6 060

Estimated living cost  is ₴21700 per week

₴15127
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1423
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴333
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4817
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22932
₴15316
₴21331
₴16324
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
3 870
income
-
-
-
10 604
pensions
-
-
-
10 900
unemployment
-
-
-
117
other
-
-
-
-
surtax
-
-
-
1 337
total
-
-
-
26 828
Employee
17 007
-
45 023
-
surtax
56
-
1 209
-
unemployment
1 184
-
3 134
-
income
2 851
-
9 864
-
pensions
1 134
-
3 003
-
health
434
-
1 149
-
other
-
-
-
-
total
5 659
-
18 359
-
Employer
17 007
-
45 023
-
unemployment
539
-
1 427
-
pensions
2 267
-
6 002
-
other
-
-
-
-
health
774
-
2 048
-
total
3 580
-
9 477
-
Corporate
33 914
54 500
-
-
income
8 818
14 170
-
-
total
8 818
14 170
-
-
Dividends
25 096
40 330
-
-
withholding
3 764
6 050
-
-
total
3 764
6 050
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 821
20 220
27 836
26 828
After tax
32 679
34 280
26 664
27 672
Living cost
11 348
11 348
11 348
11 348
Free-cash
21 331
22 932
15 316
16 324

Estimated living cost  is ₴11348 per week

₴6939
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1047
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.
₴3101
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16104
₴10560
₴13359
₴15395
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
11 768
pensions
-
-
-
3 898
total
-
-
-
15 666
Employee
32 531
-
47 940
-
income
5 859
-
8 543
-
pensions
2 761
-
4 611
-
health
472
-
787
-
total
9 092
-
13 941
-
Employer
32 531
-
47 940
-
pensions
3 522
-
5 649
-
health
618
-
911
-
total
4 140
-
6 560
-
Corporate
17 829
54 500
-
-
income

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

3 387
10 354
-
-
total
3 387
10 354
-
-
Dividends
14 442
44 146
-
-
withholding
1 083
4 603
-
-
total
1 083
4 603
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 702
14 957
20 501
15 666
After tax
36 798
39 543
33 999
38 834
Living cost
23 439
23 439
23 439
23 439
Free-cash
13 359
16 104
10 560
15 395

Estimated living cost  is ₴23439 per week

₴17560
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1757
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.
₴3876
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴16775
₴1064
₴1057
₴3787
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
136
national
-
-
-
337
pensions
-
-
-
5 014
regional
-
-
-
1 866
city
-
-
-
574
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.

-
-
-
1 090
total
-
-
-
9 017
Employee
48 795
-
48 781
-
regional
1 598
-
1 597
-
national
231
-
231
-
unemployment
-
-
-
-
pensions
4 099
-
4 097
-
health
110
-
109
-
city
524
-
524
-
total
6 562
-
6 558
-
Employer
48 795
-
48 781
-
unemployment
-
-
-
-
pensions
4 099
-
4 097
-
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.

976
-
976
-
health
110
-
109
-
total
5 185
-
5 182
-
Corporate
-
54 500
-
-
national
-
4 633
-
-
regional
-
11 527
-
-
total
-
16 160
-
-
Dividends
-
38 340
-
-
withholding
-
13 419
-
-
total
-
13 419
-
-
Income
54 500
54 500
54 500
54 500
Total tax
11 747
29 579
11 740
9 017
After tax
42 753
24 921
42 760
45 483
Living cost
41 696
41 696
41 696
41 696
Free-cash
1 057
-16 775
1 064
3 787

Estimated living cost  is ₴41696 per week

₴27114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3742
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴512
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴10328
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴3428
₴14840
₴11769
₴9593
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 500
health

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

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

-
-
-
3 513
income

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

-
-
-
11 932
trade
-
-
-
5 247
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.

-
-
-
656
total
-
-
-
21 348
Employee

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

30 907
-
54 500
-
surtax

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

200
-
656
-
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.

3 634
-
11 932
-
health

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

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

3 513
-
3 513
-
total
7 347
-
16 101
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
23 593
54 500
-
-
trade
4 046
9 346
-
-
chamber of commerce
111
155
-
-
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.

194
450
-
-
income
3 539
8 175
-
-
total
7 890
18 126
-
-
Dividends
15 703
36 373
-
-
withholding
3 730
8 898
-
-
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.

205
489
-
-
total
3 935
9 387
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 172
27 513
16 101
21 348
After tax
35 328
26 987
38 399
33 152
Living cost
23 559
23 559
23 559
23 559
Free-cash
11 769
3 428
14 840
9 593

Estimated living cost  is ₴23559 per week

₴17207
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1885
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4162
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9872
₴16322
₴12910
₴13700
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
1 178
social contributions
-
-
-
1 553
income
-
-
-
5 624
pensions
-
-
-
13 158
other
-
-
-
1 692
surtax
-
-
-
-
total
-
-
-
23 205
Employee
22 010
-
44 104
-
surtax
-
-
-
-
income
1 299
-
6 726
-
social contributions
628
-
1 257
-
pensions
2 489
-
2 205
-
total
4 416
-
10 188
-
Employer
22 010
-
44 104
-
unemployment
891
-
1 786
-
pensions
3 616
-
3 868
-
social contributions
66
-
133
-
other
759
-
1 521
-
health
1 541
-
3 087
-
total
6 873
-
10 395
-
Corporate
25 616
54 500
-
-
surtax
-
-
-
-
income
7 173
15 260
-
-
total
7 173
15 260
-
-
Dividends
18 443
39 240
-
-
withholding
2 361
5 023
-
-
surtax
-
-
-
-
social contributions
3 172
6 750
-
-
total
5 533
11 773
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 995
27 033
20 583
23 205
After tax
30 505
27 467
33 917
31 295
Living cost
17 595
17 595
17 595
17 595
Free-cash
12 910
9 872
16 322
13 700

Estimated living cost  is ₴17595 per week

₴11094
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4771
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11615
₴18065
₴14474
₴15443
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
1 178
social contributions
-
-
-
1 553
income
-
-
-
5 624
pensions
-
-
-
13 158
other
-
-
-
1 692
surtax
-
-
-
-
total
-
-
-
23 205
Employee
19 647
-
44 104
-
surtax
-
-
-
-
income
1 013
-
6 726
-
social contributions
560
-
1 257
-
pensions
2 222
-
2 205
-
total
3 795
-
10 188
-
Employer
19 647
-
44 104
-
unemployment
795
-
1 786
-
pensions
3 228
-
3 868
-
social contributions
59
-
133
-
other
678
-
1 521
-
health
1 375
-
3 087
-
total
6 135
-
10 395
-
Corporate
28 717
54 500
-
-
surtax
-
-
-
-
income
8 041
15 260
-
-
total
8 041
15 260
-
-
Dividends
20 677
39 240
-
-
withholding
2 647
5 023
-
-
surtax
-
-
-
-
social contributions
3 556
6 750
-
-
total
6 203
11 773
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 174
27 033
20 583
23 205
After tax
30 326
27 467
33 917
31 295
Living cost
15 852
15 852
15 852
15 852
Free-cash
14 474
11 615
18 065
15 443

Estimated living cost  is ₴15852 per week

₴9193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1610
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴301
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4748
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22345
₴24031
₴22612
₴24095
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
3 804
social contributions
-
-
-
7 521
income
-
-
-
8 175
total
-
-
-
19 500
Employee
17 437
-
54 500
-
income
2 908
-
8 239
-
social contributions
2 407
-
7 521
-
health
1 217
-
3 804
-
total
6 532
-
19 564
-
Employer
17 437
-
54 500
-
total
-
-
-
-
Corporate
37 063
54 500
-
-
income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

1 853
2 725
-
-
total
1 853
2 725
-
-
Dividends
35 210
51 775
-
-
withholding
5 282
7 766
-
-
social contributions
4 859
7 145
-
-
health
2 457
3 614
-
-
total
12 598
18 525
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 983
21 250
19 564
19 500
After tax
33 517
33 250
34 936
35 000
Living cost
10 905
10 905
10 905
10 905
Free-cash
22 612
22 345
24 031
24 095

Estimated living cost  is ₴10905 per week

₴7298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴672
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.
₴2683
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12378
-₴1982
₴11583
₴9224
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
4 169
chamber of commerce
-
-
-
218
income
-
-
-
9 431
pensions
-
-
-
10 082
unemployment
-
-
-
3 154
surtax
-
-
-
101
total
-
-
-
27 155
Employee
25 701
20 494
42 240
-
unemployment
771
615
1 267
-
income
2 926
1 512
8 380
-
pensions
2 632
2 098
4 325
-
health
994
793
1 635
-
other
257
205
423
-
total
7 580
5 223
16 030
-
Employer
25 701
20 494
42 240
-
chamber of commerce
102
82
169
-
surtax
101
101
101
-
payroll
771
615
1 267
-
unemployment
771
615
1 267
-
pensions
3 225
2 573
5 301
-
accident
334
266
549
-
other
1 221
973
2 007
-
health
971
775
1 597
-
total
7 496
6 000
12 258
-
Corporate
21 302
28 005
40 290
-
income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

5 326
7 001
10 073
-
total
5 326
7 001
10 073
-
Dividends
15 976
21 004
-
-
withholding
4 394
5 777
-
-
total
4 394
5 777
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 796
24 001
38 361
27 155
After tax
29 704
30 499
16 139
27 345
Living cost
18 121
18 121
18 121
18 121
Free-cash
11 583
12 378
-1 982
9 224

Estimated living cost  is ₴18121 per week

₴12086
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1546
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11803
₴2316
₴4091
₴6472
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
communal

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

-
-
-
2 750
social contributions
-
-
-
8 668
national
-
-
-
17 859
total
-
-
-
29 277
Employee

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

36 786
-
42 208
-
national
11 310
-
13 430
-
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.

320
-
367
-
communal

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

1 919
-
2 202
-
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.

2 759
-
3 166
-
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.

1 728
-
1 983
-
total
18 036
-
21 148
-
Employer

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

36 786
-
42 208
-
surtax
4 171
-
4 786
-
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.

537
-
616
-
pensions

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

3 260
-
3 740
-
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.

478
-
548
-
health

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

2 262
-
2 595
-
total
10 708
-
12 285
-
Corporate
7 006
54 500
-
-
surtax
28
218
-
-
income
1 401
10 900
-
-
total
1 429
11 118
-
-
Dividends
5 576
43 382
-
-
withholding

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

1 485
12 828
-
-
total
1 485
12 828
-
-
Income
54 500
54 500
54 500
54 500
Total tax
31 658
23 946
33 433
29 277
After tax
22 842
30 554
21 067
25 223
Living cost
18 751
18 751
18 751
18 751
Free-cash
4 091
11 803
2 316
6 472

Estimated living cost  is ₴18751 per week

₴12078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1640
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4740
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18141
₴10005
₴14044
₴10948
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
10 679
pensions
-
-
-
13 489
unemployment
-
-
-
334
other
-
-
-
48
accident
-
-
-
429
total
-
-
-
24 979
Employee
25 599
-
41 326
-
unemployment
397
-
640
-
income
5 401
-
10 125
-
pensions
1 203
-
1 942
-
other
25
-
41
-
total
7 026
-
12 748
-
Employer
25 599
-
41 326
-
unemployment
1 408
-
2 273
-
pensions
6 041
-
9 752
-
accident
507
-
818
-
other
204
-
331
-
total
8 160
-
13 174
-
Corporate
20 741
54 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

3 111
8 175
-
-
total
3 111
8 175
-
-
Dividends
17 630
46 325
-
-
withholding
3 586
9 611
-
-
total
3 586
9 611
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 883
17 786
25 922
24 979
After tax
32 617
36 714
28 578
29 521
Living cost
18 573
18 573
18 573
18 573
Free-cash
14 044
18 141
10 005
10 948

Estimated living cost  is ₴18573 per week

₴13677
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1318
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3310
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5303
₴5183
₴1651
₴2831
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
3 830
communal
-
-
-
3 444
income
-
-
-
5 116
pensions
-
-
-
8 169
surtax
-
-
-
2 702
accident
-
-
-
460
total
-
-
-
23 721
Employee
38 945
-
48 682
-
surtax
2 387
-
2 983
-
income
3 762
-
6 506
-
pensions
3 115
-
3 895
-
health
1 733
-
2 167
-
total
10 997
-
15 551
-
Employer
38 945
-
48 682
-
pensions
3 115
-
3 895
-
accident
350
-
438
-
health
1 188
-
1 485
-
total
4 653
-
5 818
-
Corporate
10 901
54 500
-
-
surtax
114
572
-
-
income
1 636
8 175
-
-
communal
-
3 678
-
-
total
1 750
12 425
-
-
Dividends
9 152
42 074
-
-
withholding
1 373
6 311
-
-
income
6 128
2 513
-
-
total
7 501
8 824
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 901
21 249
21 369
23 721
After tax
29 599
33 251
33 131
30 779
Living cost
27 948
27 948
27 948
27 948
Free-cash
1 651
5 303
5 183
2 831

Estimated living cost  is ₴27948 per week

₴20965
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1693
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴296
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4993
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22729
₴15113
₴21096
₴16121
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
3 870
income
-
-
-
10 604
pensions
-
-
-
10 900
unemployment
-
-
-
117
other
-
-
-
-
surtax
-
-
-
1 337
total
-
-
-
26 828
Employee
17 319
-
45 023
-
surtax
61
-
1 209
-
unemployment
1 205
-
3 134
-
income
2 903
-
9 864
-
pensions
1 155
-
3 003
-
health
442
-
1 149
-
other
-
-
-
-
total
5 766
-
18 359
-
Employer
17 319
-
45 023
-
unemployment
549
-
1 427
-
pensions
2 309
-
6 002
-
other
-
-
-
-
health
788
-
2 048
-
total
3 646
-
9 477
-
Corporate
33 535
54 500
-
-
income
8 719
14 170
-
-
total
8 719
14 170
-
-
Dividends
24 816
40 330
-
-
withholding
3 722
6 050
-
-
total
3 722
6 050
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 853
20 220
27 836
26 828
After tax
32 647
34 280
26 664
27 672
Living cost
11 551
11 551
11 551
11 551
Free-cash
21 096
22 729
15 113
16 121

Estimated living cost  is ₴11551 per week

₴6974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1004
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴268
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3305
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14794
₴11112
₴13651
₴13692
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
social contributions
-
-
-
14 017
national
-
-
-
11 792
regional
-
-
-
822
municipal
-
-
-
324
total
-
-
-
26 955
Employee
28 527
-
54 500
-
regional
384
-
733
-
national
4 520
-
10 135
-
municipal
151
-
289
-
social contributions
9 620
-
18 378
-
total
14 675
-
29 535
-
Employer
28 527
-
54 500
-
total
-
-
-
-
Corporate
25 973
54 500
-
-
nationa
6 233
13 080
-
-
municipal
1 291
2 708
-
-
total
7 524
15 788
-
-
Dividends
18 448
38 711
-
-
withholding
4 797
10 065
-
-
total
4 797
10 065
-
-
Income
54 500
54 500
54 500
54 500
Total tax
26 996
25 853
29 535
26 955
After tax
27 504
28 647
24 965
27 545
Living cost
13 853
13 853
13 853
13 853
Free-cash
13 651
14 794
11 112
13 692

Estimated living cost  is ₴13853 per week

₴8615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3597
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21888
₴12021
₴16311
₴10909
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
7 358
social contributions
-
-
-
15 914
income
-
-
-
4 684
solidarity contribution
-
-
-
-
total
-
-
-
27 956
Employee
22 993
-
40 672
-
income
2 759
-
4 881
-
solidarity contribution
-
-
-
-
social contributions
1 495
-
2 644
-
health
3 104
-
5 491
-
total
7 358
-
13 016
-
Employer
22 993
-
40 672
-
social contributions
5 748
-
10 168
-
health
2 069
-
3 660
-
total
7 817
-
13 828
-
Corporate
23 689
54 500
-
-
income
4 501
10 355
-
-
total
4 501
10 355
-
-
Dividends
19 188
44 145
-
-
withholding
2 878
6 622
-
-
total
2 878
6 622
-
-
Income
54 500
54 500
54 500
54 500
Total tax
22 554
16 977
26 844
27 956
After tax
31 946
37 523
27 656
26 544
Living cost
15 635
15 635
15 635
15 635
Free-cash
16 311
21 888
12 021
10 909

Estimated living cost  is ₴15635 per week

₴11628
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14147
-₴252
₴13894
₴11039
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
4 169
chamber of commerce
-
-
-
218
income
-
-
-
9 431
pensions
-
-
-
10 082
unemployment
-
-
-
3 154
surtax
-
-
-
-
total
-
-
-
27 054
Employee
22 480
20 494
42 320
-
unemployment
674
615
1 270
-
income
2 003
1 512
8 407
-
pensions
2 302
2 098
4 334
-
health
870
793
1 638
-
other
224
205
424
-
total
6 073
5 223
16 073
-
Employer
22 480
20 494
42 320
-
chamber of commerce
90
82
169
-
surtax
-
-
-
-
payroll
674
615
1 270
-
unemployment
674
615
1 270
-
pensions
2 821
2 573
5 311
-
accident
292
266
550
-
other
1 068
973
2 010
-
health
850
775
1 600
-
total
6 469
5 899
12 180
-
Corporate
25 550
28 107
40 369
-
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.

6 387
7 027
10 092
-
total
6 387
7 027
10 092
-
Dividends
19 163
21 080
-
-
withholding
5 270
5 797
-
-
total
5 270
5 797
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 199
23 946
38 345
27 054
After tax
30 301
30 554
16 155
27 446
Living cost
16 407
16 407
16 407
16 407
Free-cash
13 894
14 147
-252
11 039

Estimated living cost  is ₴16407 per week

₴9842
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴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

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
₴45129
₴36954
₴43882
₴47309
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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%.

-
-
-
54 500
microenterprise

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

-
-
-
545
total
-
-
-
545
Employee
8 307
-
54 500
-
income
1 662
-
10 900
-
total
1 662
-
10 900
-
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%.

46 193
54 500
-
-
total
-
-
-
-
Dividends
46 193
54 500
-
-
withholding
2 310
2 725
-
-
total
2 310
2 725
-
-
Income
54 500
54 500
54 500
54 500
Total tax
3 972
2 725
10 900
545
After tax
50 528
51 775
43 600
53 955
Living cost
6 646
6 646
6 646
6 646
Free-cash
43 882
45 129
36 954
47 309

Estimated living cost  is ₴6646 per week

₴4497
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴279
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.
₴1647
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23729
₴12707
₴19427
₴14268
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 500
health
-
-
-
5 363
income
-
-
-
11 040
pensions
-
-
-
9 953
unemployment
-
-
-
82
total
-
-
-
26 438
Employee

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

22 741
-
47 158
-
unemployment
32
-
66
-
income
3 922
-
10 235
-
pensions
3 525
-
7 310
-
health
1 469
-
3 046
-
total
8 948
-
20 657
-
Employer

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

22 741
-
47 158
-
unemployment
14
-
28
-
pensions
2 012
-
4 173
-
health
1 515
-
3 141
-
total
3 541
-
7 342
-
Corporate
28 218
54 500
-
-
income
5 362
10 355
-
-
total
5 362
10 355
-
-
Dividends
22 856
44 145
-
-
withholding
3 428
6 622
-
-
total
3 428
6 622
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 279
16 977
27 999
26 438
After tax
33 221
37 523
26 501
28 062
Living cost
13 794
13 794
13 794
13 794
Free-cash
19 427
23 729
12 707
14 268

Estimated living cost  is ₴13794 per week

₴9467
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴884
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3177
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9431
₴23539
-₴27490
₴13937
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
social contributions
-
-
-
6 213
income
-
-
-
10 623
total
-
-
-
16 836
Employee
34 021
-
-
-
income
7 504
-
-
-
social contributions
2 790
-
398
-
total
10 294
-
398
-
Employer
34 021
-
-
-
social contributions
47 969
-
6 836
-
total
47 969
-
6 836
-
Corporate
-
54 500
-
-
income
-
11 990
-
-
total
-
11 990
-
-
Dividends
-
42 510
-
-
income
-
9 352
-
-
total
-
9 352
-
-
Income
54 500
54 500
54 500
54 500
Total tax
58 263
21 342
7 234
16 836
After tax
-3 763
33 158
47 266
37 664
Living cost
23 727
23 727
23 727
23 727
Free-cash
-27 490
9 431
23 539
13 937

Estimated living cost  is ₴23727 per week

₴15395
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2231
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5798
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14868
₴11240
₴14351
₴14200
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 500
social contributions

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

-
-
-
18 939
income
-
-
-
5 230
surtax
-
-
-
-
total
-
-
-
24 169
Employee
23 653
-
44 040
-
surtax
-
-
-
-
income
4 920
-
11 825
-
social contributions
2 602
-
4 845
-
total
7 522
-
16 670
-
Employer
23 653
-
44 040
-
social contributions
5 617
-
10 459
-
total
5 617
-
10 459
-
Corporate
25 230
54 500
-
-
surtax
-
-
-
-
income
5 298
11 445
-
-
total
5 298
11 445
-
-
Dividends
19 932
43 055
-
-
withholding
5 581
12 056
-
-
total
5 581
12 056
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 018
23 501
27 129
24 169
After tax
30 482
30 999
27 371
30 331
Living cost
16 131
16 131
16 131
16 131
Free-cash
14 351
14 868
11 240
14 200

Estimated living cost  is ₴16131 per week

₴12069
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴952
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2841
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2628
₴9078
₴6164
₴6456
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
1 178
social contributions
-
-
-
1 553
income
-
-
-
5 624
pensions
-
-
-
13 158
other
-
-
-
1 692
surtax
-
-
-
-
total
-
-
-
23 205
Employee
32 210
-
44 104
-
surtax
-
-
-
-
income
2 810
-
6 726
-
social contributions
917
-
1 257
-
pensions
3 643
-
2 205
-
total
7 370
-
10 188
-
Employer
32 210
-
44 104
-
unemployment
1 305
-
1 786
-
pensions
5 292
-
3 868
-
social contributions
97
-
133
-
other
1 112
-
1 521
-
health
2 254
-
3 087
-
total
10 060
-
10 395
-
Corporate
12 230
54 500
-
-
surtax
-
-
-
-
income
3 425
15 260
-
-
total
3 425
15 260
-
-
Dividends
8 806
39 240
-
-
withholding
1 127
5 023
-
-
surtax
-
-
-
-
social contributions
1 515
6 750
-
-
total
2 642
11 773
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 497
27 033
20 583
23 205
After tax
31 003
27 467
33 917
31 295
Living cost
24 839
24 839
24 839
24 839
Free-cash
6 164
2 628
9 078
6 456

Estimated living cost  is ₴24839 per week

₴16810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2032
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴341
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5656
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Andorra , Andorra
₴33591
₴27372
₴31863
₴25924
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
1 128
social contributions
-
-
-
11 989
total
-
-
-
13 117
Employee
16 533
-
47 185
-
social contributions
1 074
-
3 066
-
income
-
-
1 289
-
total
1 074
-
4 355
-
Employer
16 533
-
47 185
-
social contributions
2 563
-
7 314
-
total
2 563
-
7 314
-
Corporate
35 404
54 500
-
-
income
3 541
5 450
-
-
total
3 541
5 450
-
-
Dividends
31 863
49 050
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
7 178
5 450
11 669
13 117
After tax
47 322
49 050
42 831
41 383
Living cost
15 459
15 459
15 459
15 459
Free-cash
31 863
33 591
27 372
25 924

Estimated living cost  is ₴15459 per week

₴9995
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1165
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4007
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴57373
-₴57373
-₴57373
₴8889
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
labour market
-
-
-
4 324
national
-
-
-
5 828
pensions
-
-
-
445
municipal
-
-
-
10 285
total
-
-
-
20 882
Employee
104 374
104 374
104 374
-
national
12 751
12 751
12 751
-
labour market
8 338
8 338
8 338
-
municipal
22 226
22 226
22 226
-
pensions
148
148
148
-
total
43 463
43 463
43 463
-
Employer
104 374
104 374
104 374
-
national
12 773
12 773
12 773
-
pensions
297
297
297
-
labour market
8 350
8 350
8 350
-
municipal
22 261
22 261
22 261
-
total
43 681
43 681
43 681
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
87 144
87 144
87 144
20 882
After tax
-32 644
-32 644
-32 644
33 618
Living cost
24 729
24 729
24 729
24 729
Free-cash
-57 373
-57 373
-57 373
8 889

Estimated living cost  is ₴24729 per week

₴16925
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2188
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴380
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6801
₴17102
₴2694
₴26173
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
1 128
income
-
-
-
13 508
pensions
-
-
-
2 153
other
-
-
-
192
accident
-
-
-
131
total
-
-
-
17 112
Employee
17 642
-
46 869
-
income
2 420
-
9 239
-
pensions
1 987
-
3 947
-
health
2 020
-
5 366
-
total
6 427
-
18 552
-
Employer
17 642
-
46 869
-
unemployment
432
-
1 148
-
pensions
2 868
-
5 700
-
accident
295
-
783
-
total
3 595
-
7 631
-
Corporate
33 263
54 500
-
-
income

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

29 937
49 050
-
-
total
29 937
49 050
-
-
Dividends
3 326
5 450
-
-
withholding
632
1 036
-
-
total
632
1 036
-
-
Income
54 500
54 500
54 500
54 500
Total tax
40 591
50 086
26 183
17 112
After tax
13 909
4 414
28 317
37 388
Living cost
11 215
11 215
11 215
11 215
Free-cash
2 694
-6 801
17 102
26 173

Estimated living cost  is ₴11215 per week

₴8163
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴639
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2202
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16258
₴11104
₴15458
₴18612
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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

-
-
-
54 500
health
-
-
-
625
national
-
-
-
5 821
municipal
-
-
-
9 698
total
-
-
-
16 144
Employee
27 057
-
45 848
-
national
447
-
3 242
-
unemployment
406
-
688
-
municipal
4 432
-
7 483
-
pensions
1 826
-
3 095
-
health
202
-
492
-
total
7 313
-
15 000
-
Employer
27 057
-
45 848
-
unemployment
176
-
298
-
pensions
4 694
-
7 955
-
accident
27
-
46
-
health
208
-
353
-
total
5 105
-
8 652
-
Corporate
22 338
54 500
-
-
income
4 468
10 900
-
-
total
4 468
10 900
-
-
Dividends

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

13 403
32 700
-
-
municipal
2 412
5 886
-
-
national
-
1 712
-
-
total
2 412
7 598
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 298
18 498
23 652
16 144
After tax
35 202
36 002
30 848
38 356
Living cost
19 744
19 744
19 744
19 744
Free-cash
15 458
16 258
11 104
18 612

Estimated living cost  is ₴19744 per week

₴12897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1899
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4635
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴27969
₴26281
₴25170
₴26462
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
1 390
social contributions
-
-
-
8 321
income
-
-
-
6 420
total
-
-
-
16 131
Employee
39 545
39 545
49 478
-
income
4 306
3 661
6 342
-
social contributions
1 495
3 282
4 107
-
health
306
672
841
-
total
6 107
7 615
11 290
-
Employer
39 545
39 545
49 478
-
social contributions
1 495
3 282
4 107
-
health
333
732
915
-
total
1 828
4 014
5 022
-
Corporate
34 658
10 941
-
-
income
4 332
1 367
-
-
total
4 332
1 367
-
-
Dividends
30 326
9 574
-
-
withholding
5 156
1 628
-
-
total
5 156
1 628
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 423
14 624
16 312
16 131
After tax
37 077
39 876
38 188
38 369
Living cost
11 907
11 907
11 907
11 907
Free-cash
25 170
27 969
26 281
26 462

Estimated living cost  is ₴11907 per week

₴7136
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1168
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴264
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3340
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴36966
₴25626
₴34351
₴35941
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
54 500
health
-
-
-
1 861
income
-
-
-
5 247
pensions
-
-
-
3 271
unemployment
-
-
-
15
total
-
-
-
10 394
Employee

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

11 804
-
49 474
-
unemployment
59
-
244
-
income
807
-
3 972
-
pensions
1 770
-
7 319
-
health
1 003
-
4 148
-
total
3 639
-
15 683
-
Employer

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

11 804
-
49 474
-
unemployment
59
-
244
-
pensions
649
-
2 684
-
health
507
-
2 098
-
total
1 215
-
5 026
-
Corporate
41 481
54 500
-
-
income
3 733
4 905
-
-
total
3 733
4 905
-
-
Dividends
37 748
49 595
-
-
withholding
3 397
4 464
-
-
total
3 397
4 464
-
-
Income
54 500
54 500
54 500
54 500
Total tax
11 984
9 369
20 709
10 394
After tax
42 516
45 131
33 791
44 106
Living cost
8 165
8 165
8 165
8 165
Free-cash
34 351
36 966
25 626
35 941

Estimated living cost  is ₴8165 per week

₴5210
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴588
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2124
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22572
₴14436
₴19875
₴15379
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
10 679
pensions
-
-
-
13 489
unemployment
-
-
-
334
other
-
-
-
48
accident
-
-
-
429
total
-
-
-
24 979
Employee
19 016
-
41 326
-
unemployment
295
-
640
-
income
3 666
-
10 125
-
pensions
894
-
1 942
-
other
19
-
41
-
total
4 874
-
12 748
-
Employer
19 016
-
41 326
-
unemployment
1 046
-
2 273
-
pensions
4 487
-
9 752
-
accident
377
-
818
-
other
152
-
331
-
total
6 062
-
13 174
-
Corporate
29 422
54 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

4 413
8 175
-
-
total
4 413
8 175
-
-
Dividends
25 009
46 325
-
-
withholding
5 134
9 611
-
-
total
5 134
9 611
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 483
17 786
25 922
24 979
After tax
34 017
36 714
28 578
29 521
Living cost
14 142
14 142
14 142
14 142
Free-cash
19 875
22 572
14 436
15 379

Estimated living cost  is ₴14142 per week

₴9546
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1359
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.
₴2989
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33046
₴33830
₴32889
₴33898
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
509
income
-
-
-
18 430
pensions
-
-
-
701
total
-
-
-
19 640
Employee
1 465
-
53 711
-
unemployment
15
-
35
-
income
283
-
18 393
-
pensions
132
-
316
-
health
73
-
175
-
total
503
-
18 919
-
Employer
1 465
-
53 711
-
unemployment
29
-
70
-
pensions
161
-
386
-
health
139
-
333
-
total
329
-
789
-
Corporate
52 706
54 500
-
-
income
11 595
11 990
-
-
total
11 595
11 990
-
-
Dividends
41 111
42 510
-
-
withholding
8 222
8 502
-
-
total
8 222
8 502
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 649
20 492
19 708
19 640
After tax
33 851
34 008
34 792
34 860
Living cost
962
962
962
962
Free-cash
32 889
33 046
33 830
33 898

Estimated living cost  is ₴962 per week

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

Source of data for Istanbul model

Close
Belgrade , Serbia
₴30505
₴20351
₴27982
₴20349
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 500
health
-
-
-
3 905
income
-
-
-
10 950
pensions
-
-
-
9 856
unemployment
-
-
-
569
total
-
-
-
25 280
Employee

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

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

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

13 377
-
47 714
-
unemployment
100
-
284
-
income
1 844
-
10 950
-
pensions
1 873
-
5 307
-
health
689
-
1 952
-
total
4 506
-
18 493
-
Employer

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

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

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

13 377
-
47 714
-
unemployment
100
-
284
-
pensions
1 605
-
4 549
-
health
689
-
1 952
-
total
2 394
-
6 785
-
Corporate
38 729
54 500
-
-
income
5 809
8 175
-
-
total
5 809
8 175
-
-
Dividends
32 919
46 325
-
-
withholding
4 938
6 949
-
-
total
4 938
6 949
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 647
15 124
25 278
25 280
After tax
36 853
39 376
29 222
29 220
Living cost
8 871
8 871
8 871
8 871
Free-cash
27 982
30 505
20 351
20 349

Estimated living cost  is ₴8871 per week

₴5973
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴686
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1955
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17135
₴13507
₴16951
₴16467
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 500
social contributions

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

-
-
-
18 939
income
-
-
-
5 230
surtax
-
-
-
-
total
-
-
-
24 169
Employee
19 960
-
44 040
-
surtax
-
-
-
-
income
3 900
-
11 825
-
social contributions
2 196
-
4 845
-
total
6 096
-
16 670
-
Employer
19 960
-
44 040
-
social contributions
4 740
-
10 459
-
total
4 740
-
10 459
-
Corporate
29 800
54 500
-
-
surtax
-
-
-
-
income
6 258
11 445
-
-
total
6 258
11 445
-
-
Dividends
23 542
43 055
-
-
withholding
6 591
12 056
-
-
total
6 591
12 056
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 685
23 501
27 129
24 169
After tax
30 815
30 999
27 371
30 331
Living cost
13 864
13 864
13 864
13 864
Free-cash
16 951
17 135
13 507
16 467

Estimated living cost  is ₴13864 per week

₴9820
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴963
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.
₴2836
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18640
₴10504
₴14718
₴11447
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
10 679
pensions
-
-
-
13 489
unemployment
-
-
-
334
other
-
-
-
48
accident
-
-
-
429
total
-
-
-
24 979
Employee
24 837
-
41 326
-
unemployment
385
-
640
-
income
5 188
-
10 125
-
pensions
1 167
-
1 942
-
other
24
-
41
-
total
6 764
-
12 748
-
Employer
24 837
-
41 326
-
unemployment
1 366
-
2 273
-
pensions
5 861
-
9 752
-
accident
492
-
818
-
other
199
-
331
-
total
7 918
-
13 174
-
Corporate
21 744
54 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

3 262
8 175
-
-
total
3 262
8 175
-
-
Dividends
18 483
46 325
-
-
withholding
3 764
9 611
-
-
total
3 764
9 611
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 708
17 786
25 922
24 979
After tax
32 792
36 714
28 578
29 521
Living cost
18 074
18 074
18 074
18 074
Free-cash
14 718
18 640
10 504
11 447

Estimated living cost  is ₴18074 per week

₴12980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴3434
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
Sofia , Bulgaria
₴37771
₴34463
₴34644
₴32712
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
2 061
income
-
-
-
8 175
pensions

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

-
-
-
2 653
unemployment
-
-
-
72
total
-
-
-
12 961
Employee
11 688
-
50 984
-
income
1 169
-
5 098
-
accident

We are using the highest rate at 1.1%.

128
-
197
-
pensions

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

1 026
-
1 574
-
health
538
-
824
-
total
2 861
-
7 693
-
Employer
11 688
-
50 984
-
unemployment
70
-
108
-
pensions

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

1 288
-
1 975
-
accident

We are using the highest rate at 1.1%.

128
-
197
-
health
807
-
1 237
-
total
2 293
-
3 517
-
Corporate
40 519
54 500
-
-
income
4 052
5 450
-
-
total
4 052
5 450
-
-
Dividends
36 467
49 050
-
-
withholding
1 823
2 452
-
-
total
1 823
2 452
-
-
Income
54 500
54 500
54 500
54 500
Total tax
11 029
7 902
11 210
12 961
After tax
43 471
46 598
43 290
41 539
Living cost
8 827
8 827
8 827
8 827
Free-cash
34 644
37 771
34 463
32 712

Estimated living cost  is ₴8827 per week

₴5838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴505
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2273
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8253
₴18544
₴14982
₴14154
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 500
health

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

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

-
-
-
3 513
income

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

-
-
-
11 932
trade
-
-
-
4 390
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.

-
-
-
656
total
-
-
-
20 491
Employee

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

25 588
-
54 500
-
surtax

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

116
-
656
-
income

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

2 104
-
11 932
-
health

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

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

3 513
-
3 513
-
total
5 733
-
16 101
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
28 912
54 500
-
-
trade
4 149
7 821
-
-
chamber of commerce
120
158
-
-
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.

238
450
-
-
income
4 337
8 175
-
-
total
8 844
16 604
-
-
Dividends
20 068
37 896
-
-
withholding
4 821
9 278
-
-
surtax

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

265
510
-
-
total
5 086
9 788
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 663
26 392
16 101
20 491
After tax
34 837
28 108
38 399
34 009
Living cost
19 855
19 855
19 855
19 855
Free-cash
14 982
8 253
18 544
14 154

Estimated living cost  is ₴19855 per week

₴13696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3734
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8854
₴6993
₴9991
₴6993
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
13 300
social contributions
-
-
-
4 912
total
-
-
-
18 212
Employee
40 228
-
54 500
-
social contributions
3 342
-
4 912
-
income
7 591
-
13 300
-
total
10 933
-
18 212
-
Employer
40 228
-
54 500
-
total
-
-
-
-
Corporate
14 272
54 500
-
-
income
1 784
6 813
-
-
total
1 784
6 813
-
-
Dividends
12 488
47 687
-
-
withholding
2 497
9 538
-
-
total
2 497
9 538
-
-
Income
54 500
54 500
54 500
54 500
Total tax
15 214
16 351
18 212
18 212
After tax
39 286
38 149
36 288
36 288
Living cost
29 295
29 295
29 295
29 295
Free-cash
9 991
8 854
6 993
6 993

Estimated living cost  is ₴29295 per week

₴22287
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2387
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4341
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14040
₴21405
₴15836
₴17992
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 500
health

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

-
-
-
3 201
income
-
-
-
14 639
total
-
-
-
17 840
Employee
23 592
-
52 134
-
social contributions
2 364
-
2 366
-
income
2 560
-
9 695
-
total
4 924
-
12 061
-
Employer
23 592
-
52 134
-
social contributions
2 364
-
2 366
-
total
2 364
-
2 366
-
Corporate
28 545
54 500
-
-
income
9 991
19 075
-
-
total
9 991
19 075
-
-
Dividends
18 554
35 425
-
-
social contributions
2 717
2 717
-
-
total
2 717
2 717
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 996
21 792
14 427
17 840
After tax
34 504
32 708
40 073
36 660
Living cost
18 668
18 668
18 668
18 668
Free-cash
15 836
14 040
21 405
17 992

Estimated living cost  is ₴18668 per week

₴12297
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.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20488
₴14944
₴18885
₴19779
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
11 768
pensions
-
-
-
3 898
total
-
-
-
15 666
Employee
26 156
-
47 940
-
income
4 763
-
8 543
-
pensions
1 996
-
4 611
-
health
341
-
787
-
total
7 100
-
13 941
-
Employer
26 156
-
47 940
-
pensions
2 643
-
5 649
-
health
497
-
911
-
total
3 140
-
6 560
-
Corporate
25 205
54 500
-
-
income

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

4 789
10 354
-
-
total
4 789
10 354
-
-
Dividends
20 416
44 146
-
-
withholding
1 531
4 603
-
-
total
1 531
4 603
-
-
Income
54 500
54 500
54 500
54 500
Total tax
16 560
14 957
20 501
15 666
After tax
37 940
39 543
33 999
38 834
Living cost
19 055
19 055
19 055
19 055
Free-cash
18 885
20 488
14 944
19 779

Estimated living cost  is ₴19055 per week

₴13072
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1752
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.
₴3992
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7911
₴15992
₴2524
₴25063
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
health
-
-
-
1 128
income
-
-
-
13 508
pensions
-
-
-
2 153
other
-
-
-
192
accident
-
-
-
131
total
-
-
-
17 112
Employee
19 388
-
46 869
-
income
2 660
-
9 239
-
pensions
2 183
-
3 947
-
health
2 220
-
5 366
-
total
7 063
-
18 552
-
Employer
19 388
-
46 869
-
unemployment
475
-
1 148
-
pensions
3 152
-
5 700
-
accident
324
-
783
-
total
3 951
-
7 631
-
Corporate
31 161
54 500
-
-
income

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

28 045
49 050
-
-
total
28 045
49 050
-
-
Dividends
3 116
5 450
-
-
withholding
592
1 036
-
-
total
592
1 036
-
-
Income
54 500
54 500
54 500
54 500
Total tax
39 651
50 086
26 183
17 112
After tax
14 849
4 414
28 317
37 388
Living cost
12 325
12 325
12 325
12 325
Free-cash
2 524
-7 911
15 992
25 063

Estimated living cost  is ₴12325 per week

₴9045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴718
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.
₴2313
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
Skopje , Macedonia
₴38921
₴27819
₴36885
₴24131
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
54 500
work injury
-
-
-
272
income
-
-
-
8 441
health insurance
-
-
-
4 033
pensions
-
-
-
10 028
unemployment
-
-
-
654
total
-
-
-
23 428
Employee

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

11 105
-
54 500
-
unemployment
133
-
493
-
work injury
56
-
205
-
income
1 111
-
8 441
-
health insurance
822
-
3 041
-
pensions
2 043
-
7 560
-
total
4 165
-
19 740
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 395
54 500
-
-
income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

-
545
-
-
total
-
545
-
-
Dividends
43 395
53 955
-
-
withholding
6 509
8 093
-
-
total
6 509
8 093
-
-
Income
54 500
54 500
54 500
54 500
Total tax
10 674
8 638
19 740
23 428
After tax
43 826
45 862
34 760
31 072
Living cost
6 941
6 941
6 941
6 941
Free-cash
36 885
38 921
27 819
24 131

Estimated living cost  is ₴6941 per week

₴4300
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴504
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴217
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1920
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8220
₴4230
₴5881
₴6723
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
social contributions
-
-
-
14 017
national
-
-
-
11 792
regional
-
-
-
1 117
municipal
-
-
-
364
total
-
-
-
27 290
Employee
43 336
-
54 500
-
regional
654
-
945
-
national
7 323
-
10 135
-
municipal
259
-
325
-
social contributions
14 613
-
18 378
-
total
22 849
-
29 783
-
Employer
43 336
-
54 500
-
total
-
-
-
-
Corporate
11 164
54 500
-
-
nationa
2 679
13 080
-
-
municipal
538
2 627
-
-
total
3 217
15 707
-
-
Dividends
7 948
38 792
-
-
withholding
2 066
10 086
-
-
total
2 066
10 086
-
-
Income
54 500
54 500
54 500
54 500
Total tax
28 132
25 793
29 783
27 290
After tax
26 368
28 707
24 717
27 210
Living cost
20 487
20 487
20 487
20 487
Free-cash
5 881
8 220
4 230
6 723

Estimated living cost  is ₴20487 per week

₴14391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1409
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴309
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4377
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close