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
₴12668
₴23190
₴18202
₴18099
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
12 402
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.

-
-
-
682
health

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

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

-
-
-
3 354
trade
-
-
-
4 988
total
-
-
-
21 426
Employee

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

18 780
-
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.

29
-
682
-
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.

525
-
12 402
-
health

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

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

3 354
-
3 354
-
total
3 908
-
16 438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 720
54 500
-
-
income
5 358
8 175
-
-
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.

294
450
-
-
chamber of commerce
126
153
-
-
trade
5 626
8 584
-
-
total
11 404
17 362
-
-
Dividends
24 316
37 139
-
-
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.

324
500
-
-
withholding
5 893
9 098
-
-
total
6 217
9 598
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 529
26 960
16 438
21 426
After tax
32 971
27 540
38 062
33 074
Living cost
14 872
14 872
14 872
14 872
Free-cash
18 099
12 668
23 190
18 202

Estimated living cost  is ₴14872 per week

₴9355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3505
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Source of data for Dresden model

Close
Reykjavik , Iceland
₴8004
₴7224
₴6796
₴7572
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
5 716
national
-
-
-
8 858
pensions
-
-
-
6 540
total
-
-
-
21 700
Employee
40 311
-
47 115
-
municipal
4 979
-
5 927
-
pensions
1 612
-
1 885
-
national
7 716
-
9 185
-
total
14 307
-
16 997
-
Employer
40 311
-
47 115
-
pensions
3 225
-
3 769
-
social contributions
433
-
506
-
total
3 658
-
4 275
-
Corporate
7 870
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%.

1 574
10 900
-
-
total
1 574
10 900
-
-
Dividends
6 296
43 600
-
-
withholding
1 385
9 592
-
-
total
1 385
9 592
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 924
20 492
21 272
21 700
After tax
33 576
34 008
33 228
32 800
Living cost
26 004
26 004
26 004
26 004
Free-cash
7 572
8 004
7 224
6 796

Estimated living cost  is ₴26004 per week

₴17675
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴389
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5523
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33385
₴20442
₴18818
₴29357
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
7 946
surtax
-
-
-
-
social contributions

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

-
-
-
17 521
microenterprise
-
-
-
-
total
-
-
-
25 467
Employee
14 348
-
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.

1 578
-
4 831
-
income
2 554
-
8 432
-
total
4 132
-
13 263
-
Employer
14 348
-
43 920
-
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.

3 456
-
10 580
-
surtax
-
-
-
-
total
3 456
-
10 580
-
Corporate
36 696
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%.

7 340
10 900
-
-
total
7 340
10 900
-
-
Dividends

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

29 357
43 600
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
14 928
10 900
23 843
25 467
After tax
39 572
43 600
30 657
29 033
Living cost
10 215
10 215
10 215
10 215
Free-cash
29 357
33 385
20 442
18 818

Estimated living cost  is ₴10215 per week

₴6517
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴973
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2493
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Riga model

Close
Rotterdam , Netherlands
₴5938
₴7466
₴10471
₴2929
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 652
health
-
-
-
6 055
pensions
-
-
-
5 753
total
-
-
-
23 460
Employee
41 930
41 930
46 379
-
pensions
7 547
5 753
5 753
-
income

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

6 863
6 863
6 863
-
health
6 436
5 474
5 728
-
total
20 846
18 090
18 344
-
Employer
41 930
41 930
46 379
-
health
2 915
2 915
3 223
-
pensions
2 918
2 918
3 228
-
unemployment
1 509
1 509
1 670
-
total
7 342
7 342
8 121
-
Corporate
5 742
5 227
-
-
income
1 148
1 045
-
-
total
1 148
1 045
-
-
Dividends
4 594
4 182
-
-
income
977
889
-
-
withholding
689
627
-
-
total
1 666
1 516
-
-
Income
54 500
54 500
54 500
54 500
Total tax
31 002
27 993
26 465
23 460
After tax
23 498
26 507
28 035
31 040
Living cost
20 569
20 569
20 569
20 569
Free-cash
2 929
5 938
7 466
10 471

Estimated living cost  is ₴20569 per week

₴14577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1854
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴327
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3811
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9501
₴8848
₴8967
₴9046
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
89
other
-
-
-
5 158
unemployment
-
-
-
44
health
-
-
-
2 770
municipal
-
-
-
12 417
national
-
-
-
-
pensions
-
-
-
4 799
total
-
-
-
25 277
Employee
28 862
-
41 470
-
municipal
8 607
-
12 366
-
national
-
-
-
-
total
8 607
-
12 366
-
Employer
28 862
-
41 470
-
health
1 775
-
2 550
-
pensions
3 120
-
4 483
-
accident
58
-
83
-
unemployment
762
-
1 095
-
other
3 354
-
4 819
-
total
9 069
-
13 030
-
Corporate
16 569
54 500
-
-
income
3 645
11 990
-
-
total
3 645
11 990
-
-
Dividends
12 924
42 510
-
-
withholding
3 877
12 753
-
-
total
3 877
12 753
-
-
Income
54 500
54 500
54 500
54 500
Total tax
25 198
24 743
25 396
25 277
After tax
29 302
29 757
29 104
29 223
Living cost
20 256
20 256
20 256
20 256
Free-cash
9 046
9 501
8 848
8 967

Estimated living cost  is ₴20256 per week

₴13425
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1988
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴308
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4536
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7970
₴18773
₴13563
₴14871
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
12 402
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.

-
-
-
682
health

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

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

-
-
-
3 354
trade
-
-
-
5 210
total
-
-
-
21 648
Employee

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

24 900
-
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.

117
-
682
-
income

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

2 139
-
12 402
-
health

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

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

3 354
-
3 354
-
total
5 610
-
16 438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 600
54 500
-
-
income
4 440
8 175
-
-
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.

244
450
-
-
chamber of commerce
116
152
-
-
trade
4 870
8 966
-
-
total
9 670
17 743
-
-
Dividends
19 930
36 758
-
-
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.

264
495
-
-
withholding
4 796
9 003
-
-
total
5 060
9 498
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 340
27 241
16 438
21 648
After tax
34 160
27 259
38 062
32 852
Living cost
19 289
19 289
19 289
19 289
Free-cash
14 871
7 970
18 773
13 563

Estimated living cost  is ₴19289 per week

₴12901
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2034
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴288
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4066
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23936
₴21947
₴22391
₴21899
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 850
social contributions
-
-
-
7 944
health
-
-
-
1 389
total
-
-
-
16 183
Employee
37 756
37 756
49 479
-
social contributions
1 835
3 134
4 106
-
income
3 965
3 495
6 659
-
health
376
642
841
-
total
6 176
7 271
11 606
-
Employer
37 756
37 756
49 479
-
health
409
699
915
-
social contributions
1 835
3 134
4 106
-
total
2 244
3 833
5 021
-
Corporate
30 155
12 911
-
-
income
3 769
1 614
-
-
total
3 769
1 614
-
-
Dividends
26 386
11 297
-
-
withholding
4 486
1 920
-
-
total
4 486
1 920
-
-
Income
54 500
54 500
54 500
54 500
Total tax
16 675
14 638
16 627
16 183
After tax
37 825
39 862
37 873
38 317
Living cost
15 926
15 926
15 926
15 926
Free-cash
21 899
23 936
21 947
22 391

Estimated living cost  is ₴15926 per week

₴10887
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1244
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3528
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21668
₴22580
₴28740
₴21858
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 663
unemployment
-
-
-
817
health
-
-
-
3 815
pensions
-
-
-
5 450
total
-
-
-
16 745
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.

13 014
5 179
45 607
-
unemployment
195
78
684
-
pensions
1 301
518
4 561
-
income
1 591
633
5 575
-
health
911
363
3 192
-
total
3 998
1 592
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.

13 014
5 179
45 607
-
pensions
2 538
1 010
8 893
-
total
2 538
1 010
8 893
-
Corporate
38 949
48 311
-
-
income
3 505
4 348
-
-
total
3 505
4 348
-
-
Dividends
35 443
43 963
-
-
social contributions
6 852
8 514
-
-
withholding
6 734
8 353
-
-
total
13 586
16 867
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 627
23 817
22 905
16 745
After tax
30 873
30 683
31 595
37 755
Living cost
9 015
9 015
9 015
9 015
Free-cash
21 858
21 668
22 580
28 740

Estimated living cost  is ₴9015 per week

₴6152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴738
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴180
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1945
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31740
₴19554
₴17352
₴28689
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 303
health
-
-
-
7 085
pensions
-
-
-
10 900
total
-
-
-
25 288
Employee
13 929
-
40 732
-
unemployment
223
-
651
-
pensions
279
-
814
-
income
1 568
-
7 853
-
total
2 070
-
9 318
-
Employer
13 929
-
40 732
-
health
1 810
-
5 295
-
pensions
2 786
-
8 147
-
unemployment
112
-
326
-
total
4 708
-
13 768
-
Corporate
35 862
54 500
-
-
income
7 173
10 900
-
-
total
7 173
10 900
-
-
Dividends
28 690
43 600
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
13 951
10 900
23 086
25 288
After tax
40 549
43 600
31 414
29 212
Living cost
11 860
11 860
11 860
11 860
Free-cash
28 689
31 740
19 554
17 352

Estimated living cost  is ₴11860 per week

₴8134
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴706
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2780
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Gdansk , Poland
-₴6534
₴17491
₴26428
₴2735
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
13 658
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
17 124
Employee
17 222
-
47 078
-
pensions
1 939
-
3 797
-
income
2 363
-
9 452
-
health
1 972
-
5 390
-
total
6 274
-
18 639
-
Employer
17 222
-
47 078
-
pensions
2 800
-
5 483
-
accident
288
-
786
-
unemployment
422
-
1 153
-
total
3 510
-
7 422
-
Corporate
33 768
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.

30 391
49 050
-
-
total
30 391
49 050
-
-
Dividends
3 377
5 450
-
-
withholding
642
1 036
-
-
total
642
1 036
-
-
Income
54 500
54 500
54 500
54 500
Total tax
40 817
50 086
26 061
17 124
After tax
13 683
4 414
28 439
37 376
Living cost
10 948
10 948
10 948
10 948
Free-cash
2 735
-6 534
17 491
26 428

Estimated living cost  is ₴10948 per week

₴8024
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴607
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2089
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴47755
₴39580
₴49935
₴47001
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 025
-
54 500
-
income
1 005
-
10 900
-
total
1 005
-
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%.

49 475
54 500
-
-
total
-
-
-
-
Dividends
49 475
54 500
-
-
withholding
2 474
2 725
-
-
total
2 474
2 725
-
-
Income
54 500
54 500
54 500
54 500
Total tax
3 479
2 725
10 900
545
After tax
51 021
51 775
43 600
53 955
Living cost
4 020
4 020
4 020
4 020
Free-cash
47 001
47 755
39 580
49 935

Estimated living cost  is ₴4020 per week

₴2491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴334
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1084
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26959
₴18577
₴16322
₴23641
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 030
other
-
-
-
2 588
health
-
-
-
2 398
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.

-
-
-
13 079
total
-
-
-
25 095
Employee
17 828
-
43 529
-
unemployment
178
-
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.

1 248
-
3 047
-
income
3 069
-
7 781
-
health
250
-
609
-
total
4 745
-
11 872
-
Employer
17 828
-
43 529
-
health
250
-
609
-
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.

3 031
-
7 399
-
accident
143
-
348
-
unemployment
178
-
435
-
other
892
-
2 177
-
total
4 494
-
10 968
-
Corporate
32 179
54 500
-
-
income
6 757
11 445
-
-
total
6 757
11 445
-
-
Dividends
25 422
43 055
-
-
withholding
1 780
3 013
-
-
total
1 780
3 013
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 776
14 458
22 840
25 095
After tax
36 724
40 042
31 660
29 405
Living cost
13 083
13 083
13 083
13 083
Free-cash
23 641
26 959
18 577
16 322

Estimated living cost  is ₴13083 per week

₴9244
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴883
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6370
₴829
₴5800
₴1395
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 212
pensions
-
-
-
3 768
total
-
-
-
15 980
Employee
46 294
-
47 902
-
pensions
4 466
-
4 659
-
income
8 345
-
8 898
-
health
763
-
796
-
total
13 574
-
14 353
-
Employer
46 294
-
47 902
-
health
879
-
910
-
pensions
5 466
-
5 688
-
total
6 345
-
6 598
-
Corporate
1 861
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.

353
10 356
-
-
total
353
10 356
-
-
Dividends
1 507
44 144
-
-
withholding
113
5 054
-
-
total
113
5 054
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 385
15 410
20 951
15 980
After tax
34 115
39 090
33 549
38 520
Living cost
32 720
32 720
32 720
32 720
Free-cash
1 395
6 370
829
5 800

Estimated living cost  is ₴32720 per week

₴24518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴266
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴40160
₴37099
₴35306
₴37878
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 175
unemployment
-
-
-
69
health
-
-
-
1 973
pensions

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

-
-
-
2 539
total
-
-
-
12 756
Employee
8 525
-
51 135
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
pensions

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

749
-
1 506
-
income
852
-
5 113
-
health
392
-
789
-
total
2 087
-
7 597
-
Employer
8 525
-
51 135
-
health
588
-
1 184
-
pensions

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

940
-
1 890
-
accident

We are using the highest rate at 1.1%.

94
-
189
-
unemployment
51
-
103
-
total
1 673
-
3 366
-
Corporate
44 302
54 500
-
-
income
4 430
5 450
-
-
total
4 430
5 450
-
-
Dividends
39 872
49 050
-
-
withholding
1 994
2 452
-
-
total
1 994
2 452
-
-
Income
54 500
54 500
54 500
54 500
Total tax
10 184
7 902
10 963
12 756
After tax
44 316
46 598
43 537
41 744
Living cost
6 438
6 438
6 438
6 438
Free-cash
37 878
40 160
37 099
35 306

Estimated living cost  is ₴6438 per week

₴3759
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴460
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴171
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2049
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴720
₴808
₴3813
₴515
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 652
health
-
-
-
6 055
pensions
-
-
-
5 753
total
-
-
-
23 460
Employee
45 523
41 930
46 379
-
pensions
5 753
5 753
5 753
-
income

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

6 863
6 863
6 863
-
health
5 679
5 474
5 728
-
total
18 295
18 090
18 344
-
Employer
45 523
41 930
46 379
-
health
3 163
2 915
3 223
-
pensions
3 168
2 918
3 228
-
unemployment
1 639
1 509
1 670
-
total
7 970
7 342
8 121
-
Corporate
1 007
5 227
-
-
income
201
1 045
-
-
total
201
1 045
-
-
Dividends
805
4 182
-
-
income
171
889
-
-
withholding
121
627
-
-
total
292
1 516
-
-
Income
54 500
54 500
54 500
54 500
Total tax
26 758
27 993
26 465
23 460
After tax
27 742
26 507
28 035
31 040
Living cost
27 227
27 227
27 227
27 227
Free-cash
515
-720
808
3 813

Estimated living cost  is ₴27227 per week

₴20085
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2432
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴312
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4399
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25322
₴15455
₴14344
₴20969
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 684
social contributions
-
-
-
15 914
solidarity contribution
-
-
-
-
health
-
-
-
7 357
total
-
-
-
27 955
Employee
17 942
-
40 672
-
solidarity contribution
-
-
-
-
social contributions
1 166
-
2 644
-
income
2 153
-
4 881
-
health
2 422
-
5 491
-
total
5 741
-
13 016
-
Employer
17 942
-
40 672
-
health
1 615
-
3 660
-
social contributions
4 486
-
10 168
-
total
6 101
-
13 828
-
Corporate
30 457
54 500
-
-
income
5 787
10 355
-
-
total
5 787
10 355
-
-
Dividends
24 670
44 145
-
-
withholding
3 701
6 622
-
-
total
3 701
6 622
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 330
16 977
26 844
27 955
After tax
33 170
37 523
27 656
26 545
Living cost
12 201
12 201
12 201
12 201
Free-cash
20 969
25 322
15 455
14 344

Estimated living cost  is ₴12201 per week

₴8475
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2618
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8360
₴4281
₴6874
₴5795
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 018
regional
-
-
-
611
municipal
-
-
-
324
national
-
-
-
11 954
total
-
-
-
26 907
Employee
43 638
-
54 500
-
municipal
231
-
289
-
national
7 561
-
10 297
-
regional
412
-
536
-
social contributions
14 715
-
18 378
-
total
22 919
-
29 500
-
Employer
43 638
-
54 500
-
total
-
-
-
-
Corporate
10 862
54 500
-
-
municipal
424
2 125
-
-
nationa
2 607
13 080
-
-
total
3 031
15 205
-
-
Dividends
7 831
39 294
-
-
withholding
2 036
10 216
-
-
total
2 036
10 216
-
-
Income
54 500
54 500
54 500
54 500
Total tax
27 986
25 421
29 500
26 907
After tax
26 514
29 079
25 000
27 593
Living cost
20 719
20 719
20 719
20 719
Free-cash
5 795
8 360
4 281
6 874

Estimated living cost  is ₴20719 per week

₴14443
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.
₴318
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4599
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23446
₴15545
₴16438
₴21916
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 933
other
-
-
-
-
surtax
-
-
-
1 412
unemployment
-
-
-
112
health
-
-
-
3 870
pensions
-
-
-
10 900
total
-
-
-
27 227
Employee
16 237
-
45 022
-
other
-
-
-
-
unemployment
1 130
-
3 134
-
pensions
1 083
-
3 003
-
surtax
53
-
1 270
-
income
2 722
-
10 087
-
health
415
-
1 148
-
total
5 403
-
18 642
-
Employer
16 237
-
45 022
-
health
739
-
2 049
-
pensions
2 165
-
6 002
-
unemployment
514
-
1 427
-
other
-
-
-
-
total
3 418
-
9 478
-
Corporate
34 845
54 500
-
-
income
9 060
14 170
-
-
total
9 060
14 170
-
-
Dividends
25 785
40 330
-
-
withholding
3 868
6 049
-
-
total
3 868
6 049
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 749
20 219
28 120
27 227
After tax
32 751
34 281
26 380
27 273
Living cost
10 835
10 835
10 835
10 835
Free-cash
21 916
23 446
15 545
16 438

Estimated living cost  is ₴10835 per week

₴6625
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Cambridge , United Kingdom
₴16737
₴11196
₴16167
₴14633
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 212
pensions
-
-
-
3 768
total
-
-
-
15 980
Employee
31 025
-
47 902
-
pensions
2 633
-
4 659
-
income
5 588
-
8 898
-
health
450
-
796
-
total
8 671
-
14 353
-
Employer
31 025
-
47 902
-
health
589
-
910
-
pensions
3 358
-
5 688
-
total
3 947
-
6 598
-
Corporate
19 527
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.

3 710
10 356
-
-
total
3 710
10 356
-
-
Dividends
15 818
44 144
-
-
withholding
1 186
5 054
-
-
total
1 186
5 054
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 514
15 410
20 951
15 980
After tax
36 986
39 090
33 549
38 520
Living cost
22 353
22 353
22 353
22 353
Free-cash
14 633
16 737
11 196
16 167

Estimated living cost  is ₴22353 per week

₴16747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1675
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴234
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3697
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴13889
₴3809
₴6511
₴2716
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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
regional
-
-
-
1 971
health
-
-
-
127
city
-
-
-
574
national
-
-
-
402
pensions
-
-
-
5 014
total
-
-
-
9 178
Employee
45 419
-
48 780
-
unemployment
-
-
-
-
pensions
3 816
-
4 098
-
national
215
-
290
-
regional
1 487
-
1 674
-
city
487
-
524
-
health
103
-
110
-
total
6 108
-
6 696
-
Employer
45 419
-
48 780
-
health
103
-
110
-
pensions
3 816
-
4 098
-
unemployment
-
-
-
-
other

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

908
-
976
-
total
4 827
-
5 184
-
Corporate
3 755
54 500
-
-
regional
794
11 527
-
-
national
319
4 632
-
-
total
1 113
16 159
-
-
Dividends
2 642
38 341
-
-
withholding
925
13 419
-
-
total
925
13 419
-
-
Income
54 500
54 500
54 500
54 500
Total tax
12 973
29 578
11 880
9 178
After tax
41 527
24 922
42 620
45 322
Living cost
38 811
38 811
38 811
38 811
Free-cash
2 716
-13 889
3 809
6 511

Estimated living cost  is ₴38811 per week

₴25238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴476
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4486
₴15569
₴10138
₴12449
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
12 402
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.

-
-
-
682
health

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

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

-
-
-
3 354
trade
-
-
-
5 431
total
-
-
-
21 869
Employee

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

29 509
-
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.

191
-
682
-
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.

3 470
-
12 402
-
health

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

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

3 354
-
3 354
-
total
7 015
-
16 438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
24 991
54 500
-
-
income
3 749
8 175
-
-
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.

206
450
-
-
chamber of commerce
110
151
-
-
trade
4 286
9 347
-
-
total
8 351
18 123
-
-
Dividends
16 640
36 378
-
-
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.

219
490
-
-
withholding
3 973
8 908
-
-
total
4 192
9 398
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 558
27 521
16 438
21 869
After tax
34 942
26 979
38 062
32 631
Living cost
22 493
22 493
22 493
22 493
Free-cash
12 449
4 486
15 569
10 138

Estimated living cost  is ₴22493 per week

₴16428
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1799
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3974
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴10670
₴16687
₴14433
₴13571
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 955
other
-
-
-
1 689
surtax
-
-
-
-
social contributions
-
-
-
1 552
health
-
-
-
1 305
pensions
-
-
-
12 767
total
-
-
-
23 268
Employee
21 015
-
43 925
-
pensions
2 376
-
2 289
-
surtax
-
-
-
-
social contributions
599
-
1 252
-
income
1 240
-
6 899
-
total
4 215
-
10 440
-
Employer
21 015
-
43 925
-
health
1 471
-
3 158
-
pensions
3 452
-
3 991
-
unemployment
851
-
1 779
-
social contributions
63
-
131
-
other
725
-
1 515
-
total
6 562
-
10 574
-
Corporate
26 923
54 500
-
-
income
7 538
15 260
-
-
surtax
-
-
-
-
total
7 538
15 260
-
-
Dividends
19 385
39 240
-
-
surtax
-
-
-
-
social contributions
3 334
6 749
-
-
withholding
2 481
5 022
-
-
total
5 815
11 771
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 130
27 031
21 014
23 268
After tax
30 370
27 469
33 486
31 232
Living cost
16 799
16 799
16 799
16 799
Free-cash
13 571
10 670
16 687
14 433

Estimated living cost  is ₴16799 per week

₴10593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1366
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴286
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4555
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12334
₴18351
₴16097
₴15062
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 955
other
-
-
-
1 689
surtax
-
-
-
-
social contributions
-
-
-
1 552
health
-
-
-
1 305
pensions
-
-
-
12 767
total
-
-
-
23 268
Employee
18 758
-
43 925
-
pensions
2 122
-
2 289
-
surtax
-
-
-
-
social contributions
535
-
1 252
-
income
967
-
6 899
-
total
3 624
-
10 440
-
Employer
18 758
-
43 925
-
health
1 313
-
3 158
-
pensions
3 082
-
3 991
-
unemployment
759
-
1 779
-
social contributions
56
-
131
-
other
648
-
1 515
-
total
5 858
-
10 574
-
Corporate
29 883
54 500
-
-
income
8 367
15 260
-
-
surtax
-
-
-
-
total
8 367
15 260
-
-
Dividends
21 516
39 240
-
-
surtax
-
-
-
-
social contributions
3 700
6 749
-
-
withholding
2 754
5 022
-
-
total
6 454
11 771
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 303
27 031
21 014
23 268
After tax
30 197
27 469
33 486
31 232
Living cost
15 135
15 135
15 135
15 135
Free-cash
15 062
12 334
18 351
16 097

Estimated living cost  is ₴15135 per week

₴8777
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1537
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴287
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4533
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22839
₴24404
₴24588
₴23092
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 175
social contributions
-
-
-
7 521
health
-
-
-
3 804
total
-
-
-
19 500
Employee
16 648
-
54 500
-
social contributions
2 298
-
7 521
-
income
2 777
-
8 359
-
health
1 162
-
3 804
-
total
6 237
-
19 684
-
Employer
16 648
-
54 500
-
total
-
-
-
-
Corporate
37 852
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%.

1 892
2 725
-
-
total
1 892
2 725
-
-
Dividends
35 959
51 775
-
-
social contributions
4 963
7 145
-
-
withholding
5 394
7 766
-
-
health
2 510
3 613
-
-
total
12 867
18 524
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 996
21 249
19 684
19 500
After tax
33 504
33 251
34 816
35 000
Living cost
10 412
10 412
10 412
10 412
Free-cash
23 092
22 839
24 404
24 588

Estimated living cost  is ₴10412 per week

₴6968
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴642
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2561
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Vilnius model

Close
Vienna , Austria
₴13160
-₴1461
₴9851
₴12399
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 769
surtax
-
-
-
97
unemployment
-
-
-
3 012
chamber of commerce
-
-
-
218
health
-
-
-
4 169
pensions
-
-
-
10 083
total
-
-
-
27 348
Employee
24 539
19 567
42 246
-
other
245
196
422
-
unemployment
736
587
1 267
-
pensions
2 513
2 003
4 326
-
income
2 793
1 443
8 660
-
health
949
758
1 635
-
total
7 236
4 987
16 310
-
Employer
24 539
19 567
42 246
-
chamber of commerce
98
78
169
-
health
927
740
1 597
-
pensions
3 080
2 456
5 302
-
accident
319
254
549
-
unemployment
736
587
1 267
-
surtax
97
97
97
-
payroll
736
587
1 267
-
other
1 166
929
2 006
-
total
7 159
5 728
12 254
-
Corporate
22 804
29 204
40 383
-
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.

5 701
7 301
10 096
-
total
5 701
7 301
10 096
-
Dividends
17 103
21 903
-
-
withholding
4 704
6 023
-
-
total
4 704
6 023
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 800
24 039
38 660
27 348
After tax
29 700
30 461
15 840
27 152
Living cost
17 301
17 301
17 301
17 301
Free-cash
12 399
13 160
-1 461
9 851

Estimated living cost  is ₴17301 per week

₴11539
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1476
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴284
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4002
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12644
₴3018
₴7037
₴5280
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 742
social contributions
-
-
-
8 793
national
-
-
-
18 025
total
-
-
-
29 560
Employee

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

35 122
-
42 212
-
unemployment

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

306
-
367
-
communal

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

1 832
-
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.

2 634
-
3 166
-
national
10 798
-
13 571
-
health

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

1 650
-
1 984
-
total
17 220
-
21 290
-
Employer

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

35 122
-
42 212
-
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.

2 160
-
2 596
-
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.

3 112
-
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.

457
-
549
-
unemployment

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

512
-
616
-
surtax
3 982
-
4 788
-
total
10 223
-
12 289
-
Corporate
9 154
54 500
-
-
income
1 831
10 900
-
-
surtax
36
218
-
-
total
1 867
11 118
-
-
Dividends
7 287
43 382
-
-
withholding

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

2 007
12 835
-
-
total
2 007
12 835
-
-
Income
54 500
54 500
54 500
54 500
Total tax
31 317
23 953
33 579
29 560
After tax
23 183
30 547
20 921
24 940
Living cost
17 903
17 903
17 903
17 903
Free-cash
5 280
12 644
3 018
7 037

Estimated living cost  is ₴17903 per week

₴11532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1565
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴280
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4526
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18976
₴10656
₴12006
₴15064
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
11 108
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
24 762
Employee
24 441
-
41 325
-
other
24
-
41
-
unemployment
379
-
640
-
pensions
1 149
-
1 942
-
income
5 157
-
10 314
-
total
6 709
-
12 937
-
Employer
24 441
-
41 325
-
pensions
5 768
-
9 753
-
accident
484
-
818
-
unemployment
1 345
-
2 273
-
other
195
-
331
-
total
7 792
-
13 175
-
Corporate
22 268
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.

3 340
8 175
-
-
total
3 340
8 175
-
-
Dividends
18 928
46 325
-
-
withholding
3 863
9 617
-
-
total
3 863
9 617
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 704
17 792
26 112
24 762
After tax
32 796
36 708
28 388
29 738
Living cost
17 732
17 732
17 732
17 732
Free-cash
15 064
18 976
10 656
12 006

Estimated living cost  is ₴17732 per week

₴13058
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1258
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3161
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6480
₴6014
₴3743
₴2870
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 445
accident
-
-
-
459
income
-
-
-
5 469
surtax
-
-
-
2 702
health
-
-
-
3 829
pensions
-
-
-
8 169
total
-
-
-
24 073
Employee
37 184
-
48 682
-
pensions
2 974
-
3 895
-
surtax
2 279
-
2 984
-
income
3 592
-
6 939
-
health
1 655
-
2 166
-
total
10 500
-
15 984
-
Employer
37 184
-
48 682
-
health
1 134
-
1 485
-
pensions
2 974
-
3 895
-
accident
335
-
438
-
total
4 443
-
5 818
-
Corporate
12 873
54 500
-
-
communal
-
3 679
-
-
income
1 931
8 175
-
-
surtax
135
572
-
-
total
2 066
12 426
-
-
Dividends
10 808
42 075
-
-
income
6 316
2 599
-
-
withholding
1 621
6 311
-
-
total
7 937
8 910
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 946
21 336
21 802
24 073
After tax
29 554
33 164
32 698
30 427
Living cost
26 684
26 684
26 684
26 684
Free-cash
2 870
6 480
6 014
3 743

Estimated living cost  is ₴26684 per week

₴20017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1617
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴282
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4767
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23252
₴15351
₴16244
₴21688
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 933
other
-
-
-
-
surtax
-
-
-
1 412
unemployment
-
-
-
112
health
-
-
-
3 870
pensions
-
-
-
10 900
total
-
-
-
27 227
Employee
16 536
-
45 022
-
other
-
-
-
-
unemployment
1 151
-
3 134
-
pensions
1 103
-
3 003
-
surtax
59
-
1 270
-
income
2 772
-
10 087
-
health
422
-
1 148
-
total
5 507
-
18 642
-
Employer
16 536
-
45 022
-
health
752
-
2 049
-
pensions
2 205
-
6 002
-
unemployment
525
-
1 427
-
other
-
-
-
-
total
3 482
-
9 478
-
Corporate
34 483
54 500
-
-
income
8 966
14 170
-
-
total
8 966
14 170
-
-
Dividends
25 518
40 330
-
-
withholding
3 828
6 049
-
-
total
3 828
6 049
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 783
20 219
28 120
27 227
After tax
32 717
34 281
26 380
27 273
Living cost
11 029
11 029
11 029
11 029
Free-cash
21 688
23 252
15 351
16 244

Estimated living cost  is ₴11029 per week

₴6659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴959
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3156
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15419
₴11575
₴14155
₴14329
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 018
regional
-
-
-
822
municipal
-
-
-
324
national
-
-
-
11 954
total
-
-
-
27 118
Employee
27 237
-
54 500
-
municipal
144
-
289
-
national
4 315
-
10 297
-
regional
367
-
734
-
social contributions
9 185
-
18 378
-
total
14 011
-
29 698
-
Employer
27 237
-
54 500
-
total
-
-
-
-
Corporate
27 263
54 500
-
-
municipal
1 355
2 709
-
-
nationa
6 543
13 080
-
-
total
7 898
15 789
-
-
Dividends
19 365
38 711
-
-
withholding
5 035
10 065
-
-
total
5 035
10 065
-
-
Income
54 500
54 500
54 500
54 500
Total tax
26 944
25 854
29 698
27 118
After tax
27 556
28 646
24 802
27 382
Living cost
13 227
13 227
13 227
13 227
Free-cash
14 329
15 419
11 575
14 155

Estimated living cost  is ₴13227 per week

₴8226
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴226
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3435
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22488
₴12621
₴11510
₴17125
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 684
social contributions
-
-
-
15 914
solidarity contribution
-
-
-
-
health
-
-
-
7 357
total
-
-
-
27 955
Employee
22 110
-
40 672
-
solidarity contribution
-
-
-
-
social contributions
1 437
-
2 644
-
income
2 653
-
4 881
-
health
2 985
-
5 491
-
total
7 075
-
13 016
-
Employer
22 110
-
40 672
-
health
1 990
-
3 660
-
social contributions
5 527
-
10 168
-
total
7 517
-
13 828
-
Corporate
24 873
54 500
-
-
income
4 726
10 355
-
-
total
4 726
10 355
-
-
Dividends
20 147
44 145
-
-
withholding
3 022
6 622
-
-
total
3 022
6 622
-
-
Income
54 500
54 500
54 500
54 500
Total tax
22 340
16 977
26 844
27 955
After tax
32 160
37 523
27 656
26 545
Living cost
15 035
15 035
15 035
15 035
Free-cash
17 125
22 488
12 621
11 510

Estimated living cost  is ₴15035 per week

₴11181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2761
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Graz , Austria
₴14848
₴190
₴11584
₴14605
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 769
surtax
-
-
-
-
unemployment
-
-
-
3 012
chamber of commerce
-
-
-
218
health
-
-
-
4 169
pensions
-
-
-
10 083
total
-
-
-
27 251
Employee
21 463
19 567
42 320
-
other
214
196
423
-
unemployment
644
587
1 270
-
pensions
2 198
2 003
4 334
-
income
1 912
1 443
8 685
-
health
830
758
1 638
-
total
5 798
4 987
16 350
-
Employer
21 463
19 567
42 320
-
chamber of commerce
86
78
170
-
health
812
740
1 600
-
pensions
2 694
2 456
5 311
-
accident
279
254
550
-
unemployment
644
587
1 270
-
surtax
-
-
-
-
payroll
644
587
1 270
-
other
1 019
929
2 010
-
total
6 178
5 631
12 181
-
Corporate
26 860
29 301
40 456
-
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.

6 715
7 325
10 114
-
total
6 715
7 325
10 114
-
Dividends
20 144
21 976
-
-
withholding
5 539
6 044
-
-
total
5 539
6 044
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 230
23 987
38 645
27 251
After tax
30 270
30 513
15 855
27 249
Living cost
15 665
15 665
15 665
15 665
Free-cash
14 605
14 848
190
11 584

Estimated living cost  is ₴15665 per week

₴9397
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1600
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴4389
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45511
₴37336
₴47691
₴44337
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 830
-
54 500
-
income
1 566
-
10 900
-
total
1 566
-
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%.

46 670
54 500
-
-
total
-
-
-
-
Dividends
46 670
54 500
-
-
withholding
2 333
2 725
-
-
total
2 333
2 725
-
-
Income
54 500
54 500
54 500
54 500
Total tax
3 899
2 725
10 900
545
After tax
50 601
51 775
43 600
53 955
Living cost
6 264
6 264
6 264
6 264
Free-cash
44 337
45 511
37 336
47 691

Estimated living cost  is ₴6264 per week

₴4239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴263
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1552
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24353
₴13228
₴14790
₴20247
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 142
unemployment
-
-
-
82
health
-
-
-
5 363
pensions
-
-
-
9 953
total
-
-
-
26 540
Employee

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

21 713
-
47 158
-
unemployment
31
-
66
-
pensions
3 366
-
7 310
-
income
3 744
-
10 337
-
health
1 402
-
3 047
-
total
8 543
-
20 760
-
Employer

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

21 713
-
47 158
-
health
1 446
-
3 141
-
pensions
1 921
-
4 173
-
unemployment
13
-
28
-
total
3 380
-
7 342
-
Corporate
29 407
54 500
-
-
income
5 587
10 355
-
-
total
5 587
10 355
-
-
Dividends
23 820
44 145
-
-
withholding
3 573
6 622
-
-
total
3 573
6 622
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 083
16 977
28 102
26 540
After tax
33 417
37 523
26 398
27 960
Living cost
13 170
13 170
13 170
13 170
Free-cash
20 247
24 353
13 228
14 790

Estimated living cost  is ₴13170 per week

₴9038
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴844
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3033
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11607
₴26379
₴16113
-₴19971
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 623
social contributions
-
-
-
6 213
total
-
-
-
16 836
Employee
30 900
-
-
-
social contributions
2 534
-
361
-
income
6 816
-
-
-
total
9 350
-
361
-
Employer
30 900
-
-
-
social contributions
43 570
-
6 209
-
total
43 570
-
6 209
-
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
52 920
21 342
6 570
16 836
After tax
1 580
33 158
47 930
37 664
Living cost
21 551
21 551
21 551
21 551
Free-cash
-19 971
11 607
26 379
16 113

Estimated living cost  is ₴21551 per week

₴13983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2027
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5266
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15599
₴11708
₴14820
₴15104
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
5 340
surtax
-
-
-
-
social contributions

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

-
-
-
18 939
total
-
-
-
24 279
Employee
22 583
-
44 041
-
surtax
-
-
-
-
social contributions
2 484
-
4 844
-
income
4 697
-
12 088
-
total
7 181
-
16 932
-
Employer
22 583
-
44 041
-
social contributions
5 363
-
10 459
-
total
5 363
-
10 459
-
Corporate
26 554
54 500
-
-
income
5 577
11 445
-
-
surtax
-
-
-
-
total
5 577
11 445
-
-
Dividends
20 977
43 055
-
-
withholding
5 874
12 055
-
-
total
5 874
12 055
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 995
23 500
27 391
24 279
After tax
30 505
31 000
27 109
30 221
Living cost
15 401
15 401
15 401
15 401
Free-cash
15 104
15 599
11 708
14 820

Estimated living cost  is ₴15401 per week

₴11523
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴908
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2712
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Lisbon model

Close
Paris , France
₴3754
₴9771
₴7517
₴7128
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 955
other
-
-
-
1 689
surtax
-
-
-
-
social contributions
-
-
-
1 552
health
-
-
-
1 305
pensions
-
-
-
12 767
total
-
-
-
23 268
Employee
30 753
-
43 925
-
pensions
3 478
-
2 289
-
surtax
-
-
-
-
social contributions
876
-
1 252
-
income
2 683
-
6 899
-
total
7 037
-
10 440
-
Employer
30 753
-
43 925
-
health
2 152
-
3 158
-
pensions
5 053
-
3 991
-
unemployment
1 246
-
1 779
-
social contributions
92
-
131
-
other
1 061
-
1 515
-
total
9 604
-
10 574
-
Corporate
14 142
54 500
-
-
income
3 960
15 260
-
-
surtax
-
-
-
-
total
3 960
15 260
-
-
Dividends
10 182
39 240
-
-
surtax
-
-
-
-
social contributions
1 752
6 749
-
-
withholding
1 304
5 022
-
-
total
3 056
11 771
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 657
27 031
21 014
23 268
After tax
30 843
27 469
33 486
31 232
Living cost
23 715
23 715
23 715
23 715
Free-cash
7 128
3 754
9 771
7 517

Estimated living cost  is ₴23715 per week

₴16050
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1940
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴325
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5400
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34290
₴27929
₴26481
₴32640
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 269
social contributions
-
-
-
11 990
total
-
-
-
13 259
Employee
15 785
-
47 186
-
income
-
-
1 430
-
social contributions
1 026
-
3 067
-
total
1 026
-
4 497
-
Employer
15 785
-
47 186
-
social contributions
2 447
-
7 314
-
total
2 447
-
7 314
-
Corporate
36 268
54 500
-
-
income
3 627
5 450
-
-
total
3 627
5 450
-
-
Dividends
32 641
49 050
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
7 100
5 450
11 811
13 259
After tax
47 400
49 050
42 689
41 241
Living cost
14 760
14 760
14 760
14 760
Free-cash
32 640
34 290
27 929
26 481

Estimated living cost  is ₴14760 per week

₴9543
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1113
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴278
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3826
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴52427
-₴52427
₴9847
-₴52427
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 326
municipal
-
-
-
10 404
national
-
-
-
5 863
pensions
-
-
-
425
total
-
-
-
21 018
Employee
99 759
99 759
99 759
-
municipal
21 243
21 243
21 243
-
labour market
7 969
7 969
7 969
-
pensions
142
142
142
-
national
12 187
12 187
12 187
-
total
41 541
41 541
41 541
-
Employer
99 759
99 759
99 759
-
national
12 209
12 209
12 209
-
labour market
7 981
7 981
7 981
-
pensions
284
284
284
-
municipal
21 277
21 277
21 277
-
total
41 751
41 751
41 751
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
83 292
83 292
83 292
21 018
After tax
-28 792
-28 792
-28 792
33 482
Living cost
23 635
23 635
23 635
23 635
Free-cash
-52 427
-52 427
-52 427
9 847

Estimated living cost  is ₴23635 per week

₴16176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2091
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴363
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5005
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6373
₴17652
₴26589
₴2760
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
13 658
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
17 124
Employee
16 969
-
47 078
-
pensions
1 911
-
3 797
-
income
2 328
-
9 452
-
health
1 943
-
5 390
-
total
6 182
-
18 639
-
Employer
16 969
-
47 078
-
pensions
2 759
-
5 483
-
accident
283
-
786
-
unemployment
416
-
1 153
-
total
3 458
-
7 422
-
Corporate
34 073
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.

30 666
49 050
-
-
total
30 666
49 050
-
-
Dividends
3 407
5 450
-
-
withholding
647
1 036
-
-
total
647
1 036
-
-
Income
54 500
54 500
54 500
54 500
Total tax
40 953
50 086
26 061
17 124
After tax
13 547
4 414
28 439
37 376
Living cost
10 787
10 787
10 787
10 787
Free-cash
2 760
-6 373
17 652
26 589

Estimated living cost  is ₴10787 per week

₴7852
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴615
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2118
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16973
₴11774
₴19244
₴16464
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
635
municipal
-
-
-
9 696
national
-
-
-
6 074
total
-
-
-
16 405
Employee
25 833
-
45 848
-
municipal
4 231
-
7 481
-
unemployment
388
-
688
-
pensions
1 743
-
3 094
-
national
427
-
3 459
-
health
193
-
501
-
total
6 982
-
15 223
-
Employer
25 833
-
45 848
-
health
198
-
353
-
pensions
4 482
-
7 955
-
accident
26
-
46
-
unemployment
168
-
298
-
total
4 874
-
8 652
-
Corporate
23 793
54 500
-
-
income
4 759
10 900
-
-
total
4 759
10 900
-
-
Dividends

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

14 276
32 700
-
-
municipal
2 570
5 886
-
-
national
-
1 890
-
-
total
2 570
7 776
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 185
18 676
23 875
16 405
After tax
35 315
35 824
30 625
38 095
Living cost
18 851
18 851
18 851
18 851
Free-cash
16 464
16 973
11 774
19 244

Estimated living cost  is ₴18851 per week

₴12314
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1813
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴300
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4425
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28494
₴26505
₴26949
₴25822
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 850
social contributions
-
-
-
7 944
health
-
-
-
1 389
total
-
-
-
16 183
Employee
37 756
37 756
49 479
-
social contributions
1 427
3 134
4 106
-
income
4 111
3 495
6 659
-
health
293
642
841
-
total
5 831
7 271
11 606
-
Employer
37 756
37 756
49 479
-
health
318
699
915
-
social contributions
1 427
3 134
4 106
-
total
1 745
3 833
5 021
-
Corporate
35 555
12 911
-
-
income
4 445
1 614
-
-
total
4 445
1 614
-
-
Dividends
31 111
11 297
-
-
withholding
5 289
1 920
-
-
total
5 289
1 920
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 310
14 638
16 627
16 183
After tax
37 190
39 862
37 873
38 317
Living cost
11 368
11 368
11 368
11 368
Free-cash
25 822
28 494
26 505
26 949

Estimated living cost  is ₴11368 per week

₴6813
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1115
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3189
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37336
₴26661
₴36509
₴34836
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
5 281
unemployment
-
-
-
14
health
-
-
-
1 777
pensions
-
-
-
3 123
total
-
-
-
10 195
Employee

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

11 270
-
49 701
-
unemployment
56
-
233
-
pensions
1 690
-
6 988
-
income
771
-
4 064
-
health
958
-
3 960
-
total
3 475
-
15 245
-
Employer

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

11 270
-
49 701
-
health
485
-
2 003
-
pensions
620
-
2 562
-
unemployment
56
-
233
-
total
1 161
-
4 798
-
Corporate
42 070
54 500
-
-
income
3 786
4 905
-
-
total
3 786
4 905
-
-
Dividends
38 284
49 595
-
-
withholding
3 446
4 463
-
-
total
3 446
4 463
-
-
Income
54 500
54 500
54 500
54 500
Total tax
11 868
9 368
20 043
10 195
After tax
42 632
45 132
34 457
44 305
Living cost
7 796
7 796
7 796
7 796
Free-cash
34 836
37 336
26 661
36 509

Estimated living cost  is ₴7796 per week

₴4974
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴562
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23206
₴14886
₴16236
₴20631
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
11 108
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
24 762
Employee
18 156
-
41 325
-
other
18
-
41
-
unemployment
281
-
640
-
pensions
854
-
1 942
-
income
3 500
-
10 314
-
total
4 653
-
12 937
-
Employer
18 156
-
41 325
-
pensions
4 284
-
9 753
-
accident
360
-
818
-
unemployment
999
-
2 273
-
other
145
-
331
-
total
5 788
-
13 175
-
Corporate
30 556
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.

4 583
8 175
-
-
total
4 583
8 175
-
-
Dividends
25 973
46 325
-
-
withholding
5 343
9 617
-
-
total
5 343
9 617
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 367
17 792
26 112
24 762
After tax
34 133
36 708
28 388
29 738
Living cost
13 502
13 502
13 502
13 502
Free-cash
20 631
23 206
14 886
16 236

Estimated living cost  is ₴13502 per week

₴9114
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1298
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴237
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33048
₴33833
₴33901
₴32889
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 431
health
-
-
-
508
pensions
-
-
-
700
total
-
-
-
19 639
Employee
1 463
-
53 712
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
18 394
-
health
73
-
175
-
total
503
-
18 919
-
Employer
1 463
-
53 712
-
health
139
-
333
-
pensions
161
-
385
-
unemployment
29
-
70
-
total
329
-
788
-
Corporate
52 708
54 500
-
-
income
11 596
11 990
-
-
total
11 596
11 990
-
-
Dividends
41 113
42 510
-
-
withholding
8 223
8 502
-
-
total
8 223
8 502
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 651
20 492
19 707
19 639
After tax
33 849
34 008
34 793
34 861
Living cost
960
960
960
960
Free-cash
32 889
33 048
33 833
33 901

Estimated living cost  is ₴960 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
₴30885
₴20995
₴20996
₴28470
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
11 298
unemployment
-
-
-
544
health
-
-
-
3 737
pensions
-
-
-
9 434
total
-
-
-
25 013
Employee

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

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

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

12 804
-
48 005
-
unemployment
96
-
272
-
pensions
1 793
-
5 080
-
income
1 765
-
11 298
-
health
659
-
1 869
-
total
4 313
-
18 519
-
Employer

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

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

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

12 804
-
48 005
-
health
659
-
1 869
-
pensions
1 536
-
4 354
-
unemployment
96
-
272
-
total
2 291
-
6 495
-
Corporate
39 404
54 500
-
-
income
5 911
8 175
-
-
total
5 911
8 175
-
-
Dividends
33 494
46 325
-
-
withholding
5 024
6 949
-
-
total
5 024
6 949
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 539
15 124
25 014
25 013
After tax
36 961
39 376
29 486
29 487
Living cost
8 491
8 491
8 491
8 491
Free-cash
28 470
30 885
20 995
20 996

Estimated living cost  is ₴8491 per week

₴5717
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴657
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.
₴1871
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Belgrade model

Close
Porto , Portugal
₴17763
₴13872
₴16984
₴17584
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
5 340
surtax
-
-
-
-
social contributions

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

-
-
-
18 939
total
-
-
-
24 279
Employee
19 057
-
44 041
-
surtax
-
-
-
-
social contributions
2 097
-
4 844
-
income
3 724
-
12 088
-
total
5 821
-
16 932
-
Employer
19 057
-
44 041
-
social contributions
4 526
-
10 459
-
total
4 526
-
10 459
-
Corporate
30 917
54 500
-
-
income
6 493
11 445
-
-
surtax
-
-
-
-
total
6 493
11 445
-
-
Dividends
24 424
43 055
-
-
withholding
6 839
12 055
-
-
total
6 839
12 055
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 679
23 500
27 391
24 279
After tax
30 821
31 000
27 109
30 221
Living cost
13 237
13 237
13 237
13 237
Free-cash
17 584
17 763
13 872
16 984

Estimated living cost  is ₴13237 per week

₴9376
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴235
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19452
₴11132
₴12482
₴15709
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
410
income
-
-
-
11 108
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
24 762
Employee
23 714
-
41 325
-
other
23
-
41
-
unemployment
367
-
640
-
pensions
1 114
-
1 942
-
income
4 953
-
10 314
-
total
6 457
-
12 937
-
Employer
23 714
-
41 325
-
pensions
5 596
-
9 753
-
accident
470
-
818
-
unemployment
1 304
-
2 273
-
other
190
-
331
-
total
7 560
-
13 175
-
Corporate
23 226
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.

3 484
8 175
-
-
total
3 484
8 175
-
-
Dividends
19 742
46 325
-
-
withholding
4 034
9 617
-
-
total
4 034
9 617
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 535
17 792
26 112
24 762
After tax
32 965
36 708
28 388
29 738
Living cost
17 256
17 256
17 256
17 256
Free-cash
15 709
19 452
11 132
12 482

Estimated living cost  is ₴17256 per week

₴12393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
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.
₴3279
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38151
₴35090
₴33297
₴35156
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 175
unemployment
-
-
-
69
health
-
-
-
1 973
pensions

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

-
-
-
2 539
total
-
-
-
12 756
Employee
11 186
-
51 135
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
pensions

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

982
-
1 506
-
income
1 119
-
5 113
-
health
515
-
789
-
total
2 739
-
7 597
-
Employer
11 186
-
51 135
-
health
772
-
1 184
-
pensions

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

1 233
-
1 890
-
accident

We are using the highest rate at 1.1%.

123
-
189
-
unemployment
67
-
103
-
total
2 195
-
3 366
-
Corporate
41 120
54 500
-
-
income
4 112
5 450
-
-
total
4 112
5 450
-
-
Dividends
37 008
49 050
-
-
withholding
1 851
2 452
-
-
total
1 851
2 452
-
-
Income
54 500
54 500
54 500
54 500
Total tax
10 897
7 902
10 963
12 756
After tax
43 603
46 598
43 537
41 744
Living cost
8 447
8 447
8 447
8 447
Free-cash
35 156
38 151
35 090
33 297

Estimated living cost  is ₴8447 per week

₴5587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴484
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴202
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2176
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9144
₴19105
₴14560
₴15567
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
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.

-
-
-
12 402
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.

-
-
-
682
health

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

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

-
-
-
3 354
trade
-
-
-
4 545
total
-
-
-
20 983
Employee

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

24 431
-
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.

111
-
682
-
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.

2 009
-
12 402
-
health

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

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

3 354
-
3 354
-
total
5 474
-
16 438
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
30 069
54 500
-
-
income
4 511
8 175
-
-
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.

248
450
-
-
chamber of commerce
118
155
-
-
trade
4 315
7 820
-
-
total
9 192
16 600
-
-
Dividends
20 877
37 900
-
-
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.

277
511
-
-
withholding
5 033
9 288
-
-
total
5 310
9 799
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 976
26 399
16 438
20 983
After tax
34 524
28 101
38 062
33 517
Living cost
18 957
18 957
18 957
18 957
Free-cash
15 567
9 144
19 105
14 560

Estimated living cost  is ₴18957 per week

₴13077
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2040
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴275
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3565
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10180
₴7885
₴7885
₴11264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 684
social contributions
-
-
-
4 961
total
-
-
-
18 645
Employee
38 408
-
54 500
-
income
7 247
-
13 684
-
social contributions
3 191
-
4 961
-
total
10 438
-
18 645
-
Employer
38 408
-
54 500
-
total
-
-
-
-
Corporate
16 092
54 500
-
-
income
2 012
6 812
-
-
total
2 012
6 812
-
-
Dividends
14 080
47 688
-
-
withholding
2 816
9 538
-
-
total
2 816
9 538
-
-
Income
54 500
54 500
54 500
54 500
Total tax
15 266
16 350
18 645
18 645
After tax
39 234
38 150
35 855
35 855
Living cost
27 970
27 970
27 970
27 970
Free-cash
11 264
10 180
7 885
7 885

Estimated living cost  is ₴27970 per week

₴21279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2279
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴267
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4145
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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
₴15007
₴22286
₴19719
₴16722
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
13 977
health

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

-
-
-
2 980
total
-
-
-
16 957
Employee
22 525
-
52 241
-
income
2 444
-
9 872
-
social contributions
2 257
-
2 259
-
total
4 701
-
12 131
-
Employer
22 525
-
52 241
-
social contributions
2 257
-
2 259
-
total
2 257
-
2 259
-
Corporate
29 719
54 500
-
-
income
10 402
19 075
-
-
total
10 402
19 075
-
-
Dividends
19 317
35 425
-
-
social contributions
2 594
2 594
-
-
total
2 594
2 594
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 954
21 669
14 390
16 957
After tax
34 546
32 831
40 110
37 543
Living cost
17 824
17 824
17 824
17 824
Free-cash
16 722
15 007
22 286
19 719

Estimated living cost  is ₴17824 per week

₴11740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴273
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4405
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20917
₴15376
₴20347
₴19900
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 212
pensions
-
-
-
3 768
total
-
-
-
15 980
Employee
24 944
-
47 902
-
pensions
1 904
-
4 659
-
income
4 543
-
8 898
-
health
325
-
796
-
total
6 772
-
14 353
-
Employer
24 944
-
47 902
-
health
474
-
910
-
pensions
2 520
-
5 688
-
total
2 994
-
6 598
-
Corporate
26 561
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.

5 047
10 356
-
-
total
5 047
10 356
-
-
Dividends
21 514
44 144
-
-
withholding
1 614
5 054
-
-
total
1 614
5 054
-
-
Income
54 500
54 500
54 500
54 500
Total tax
16 427
15 410
20 951
15 980
After tax
38 073
39 090
33 549
38 520
Living cost
18 173
18 173
18 173
18 173
Free-cash
19 900
20 917
15 376
20 347

Estimated living cost  is ₴18173 per week

₴12466
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1671
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴227
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3807
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7441
₴16584
₴25521
₴2597
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
accident
-
-
-
126
income
-
-
-
13 658
other
-
-
-
184
health
-
-
-
1 085
pensions
-
-
-
2 071
total
-
-
-
17 124
Employee
18 648
-
47 078
-
pensions
2 100
-
3 797
-
income
2 558
-
9 452
-
health
2 135
-
5 390
-
total
6 793
-
18 639
-
Employer
18 648
-
47 078
-
pensions
3 032
-
5 483
-
accident
311
-
786
-
unemployment
457
-
1 153
-
total
3 800
-
7 422
-
Corporate
32 051
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.

28 846
49 050
-
-
total
28 846
49 050
-
-
Dividends
3 205
5 450
-
-
withholding
609
1 036
-
-
total
609
1 036
-
-
Income
54 500
54 500
54 500
54 500
Total tax
40 048
50 086
26 061
17 124
After tax
14 452
4 414
28 439
37 376
Living cost
11 855
11 855
11 855
11 855
Free-cash
2 597
-7 441
16 584
25 521

Estimated living cost  is ₴11855 per week

₴8700
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴691
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴239
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2225
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Source of data for Warsaw model

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Skopje , Macedonia
₴39228
₴28566
₴24377
₴37302
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
income
-
-
-
8 501
unemployment
-
-
-
654
work injury
-
-
-
273
health insurance
-
-
-
4 033
pensions
-
-
-
10 028
total
-
-
-
23 489
Employee

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

10 615
-
54 500
-
health insurance
786
-
2 906
-
unemployment
127
-
471
-
work injury
53
-
196
-
pensions
1 953
-
7 226
-
income
1 062
-
8 501
-
total
3 981
-
19 300
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 885
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
43 885
53 955
-
-
withholding
6 583
8 093
-
-
total
6 583
8 093
-
-
Income
54 500
54 500
54 500
54 500
Total tax
10 564
8 638
19 300
23 489
After tax
43 936
45 862
35 200
31 011
Living cost
6 634
6 634
6 634
6 634
Free-cash
37 302
39 228
28 566
24 377

Estimated living cost  is ₴6634 per week

₴4110
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴207
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1835
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9145
₴4972
₴7465
₴6912
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 018
regional
-
-
-
1 138
municipal
-
-
-
364
national
-
-
-
11 954
total
-
-
-
27 474
Employee
41 376
-
54 500
-
municipal
247
-
325
-
national
6 992
-
10 297
-
regional
625
-
967
-
social contributions
13 952
-
18 378
-
total
21 816
-
29 967
-
Employer
41 376
-
54 500
-
total
-
-
-
-
Corporate
13 124
54 500
-
-
municipal
633
2 627
-
-
nationa
3 149
13 080
-
-
total
3 782
15 707
-
-
Dividends
9 342
38 793
-
-
withholding
2 429
10 087
-
-
total
2 429
10 087
-
-
Income
54 500
54 500
54 500
54 500
Total tax
28 027
25 794
29 967
27 474
After tax
26 473
28 706
24 533
27 026
Living cost
19 561
19 561
19 561
19 561
Free-cash
6 912
9 145
4 972
7 465

Estimated living cost  is ₴19561 per week

₴13740
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1345
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴295
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rome model

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