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
₴12561
₴23135
₴18173
₴18031
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
12 328
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.

-
-
-
678
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.

-
-
-
3 379
trade
-
-
-
4 962
total
-
-
-
21 347
Employee

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

18 916
-
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
-
678
-
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.

528
-
12 328
-
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.

3 379
-
3 379
-
total
3 936
-
16 385
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 584
54 500
-
-
income
5 337
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
5 605
8 584
-
-
total
11 362
17 362
-
-
Dividends
24 222
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.

323
500
-
-
withholding
5 868
9 097
-
-
total
6 191
9 597
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 489
26 959
16 385
21 347
After tax
33 011
27 541
38 115
33 153
Living cost
14 980
14 980
14 980
14 980
Free-cash
18 031
12 561
23 135
18 173

Estimated living cost  is ₴14980 per week

₴9423
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1747
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.
₴3531
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7579
₴6825
₴6397
₴7139
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 706
national
-
-
-
8 842
pensions
-
-
-
6 540
total
-
-
-
21 674
Employee
40 970
-
47 115
-
municipal
5 060
-
5 917
-
pensions
1 639
-
1 885
-
national
7 842
-
9 169
-
total
14 541
-
16 971
-
Employer
40 970
-
47 115
-
pensions
3 278
-
3 769
-
social contributions
440
-
506
-
total
3 718
-
4 275
-
Corporate
7 108
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%.

1 422
10 900
-
-
total
1 422
10 900
-
-
Dividends
5 687
43 600
-
-
withholding
1 251
9 592
-
-
total
1 251
9 592
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 932
20 492
21 246
21 674
After tax
33 568
34 008
33 254
32 826
Living cost
26 429
26 429
26 429
26 429
Free-cash
7 139
7 579
6 825
6 397

Estimated living cost  is ₴26429 per week

₴17963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2457
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴396
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33311
₴20372
₴18748
₴29254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 942
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
-
-
-
25 463
Employee
14 451
-
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.

1 590
-
4 832
-
income
2 572
-
8 427
-
total
4 162
-
13 259
-
Employer
14 451
-
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.

3 481
-
10 580
-
surtax
-
-
-
-
total
3 481
-
10 580
-
Corporate
36 568
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%.

7 314
10 900
-
-
total
7 314
10 900
-
-
Dividends

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

29 254
43 600
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
14 957
10 900
23 839
25 463
After tax
39 543
43 600
30 661
29 037
Living cost
10 289
10 289
10 289
10 289
Free-cash
29 254
33 311
20 372
18 748

Estimated living cost  is ₴10289 per week

₴6564
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴980
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.
₴2511
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5779
₴7204
₴10303
₴2750
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 586
health
-
-
-
6 099
pensions
-
-
-
5 794
total
-
-
-
23 479
Employee
42 234
42 234
46 379
-
pensions
7 602
5 794
5 794
-
income

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

6 913
6 913
6 913
-
health
6 482
5 514
5 750
-
total
20 997
18 221
18 457
-
Employer
42 234
42 234
46 379
-
health
2 936
2 936
3 223
-
pensions
2 939
2 939
3 228
-
unemployment
1 520
1 520
1 670
-
total
7 395
7 395
8 121
-
Corporate
5 389
4 871
-
-
income
1 077
974
-
-
total
1 077
974
-
-
Dividends
4 312
3 897
-
-
income
916
828
-
-
withholding
647
585
-
-
total
1 563
1 413
-
-
Income
54 500
54 500
54 500
54 500
Total tax
31 032
28 003
26 578
23 479
After tax
23 468
26 497
27 922
31 021
Living cost
20 718
20 718
20 718
20 718
Free-cash
2 750
5 779
7 204
10 303

Estimated living cost  is ₴20718 per week

₴14682
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴329
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Rotterdam model

Close
Stockholm , Sweden
₴9526
₴8873
₴9002
₴9072
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 152
unemployment
-
-
-
44
health
-
-
-
2 767
municipal
-
-
-
12 422
national
-
-
-
-
pensions
-
-
-
4 793
total
-
-
-
25 267
Employee
28 827
-
41 470
-
municipal
8 596
-
12 366
-
national
-
-
-
-
total
8 596
-
12 366
-
Employer
28 827
-
41 470
-
health
1 773
-
2 550
-
pensions
3 116
-
4 483
-
accident
58
-
83
-
unemployment
761
-
1 095
-
other
3 350
-
4 819
-
total
9 058
-
13 030
-
Corporate
16 615
54 500
-
-
income
3 655
11 990
-
-
total
3 655
11 990
-
-
Dividends
12 960
42 510
-
-
withholding
3 888
12 753
-
-
total
3 888
12 753
-
-
Income
54 500
54 500
54 500
54 500
Total tax
25 197
24 743
25 396
25 267
After tax
29 303
29 757
29 104
29 233
Living cost
20 231
20 231
20 231
20 231
Free-cash
9 072
9 526
8 873
9 002

Estimated living cost  is ₴20231 per week

₴13408
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1985
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴307
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4530
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7831
₴18687
₴13504
₴14781
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
12 328
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.

-
-
-
678
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.

-
-
-
3 379
trade
-
-
-
5 183
total
-
-
-
21 568
Employee

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

25 080
-
54 500
-
surtax

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

118
-
678
-
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.

2 155
-
12 328
-
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.

3 379
-
3 379
-
total
5 652
-
16 385
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 420
54 500
-
-
income
4 413
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.

243
450
-
-
chamber of commerce
117
153
-
-
trade
4 840
8 966
-
-
total
9 613
17 744
-
-
Dividends
19 807
36 757
-
-
surtax

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

262
496
-
-
withholding
4 764
9 001
-
-
total
5 026
9 497
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 291
27 241
16 385
21 568
After tax
34 209
27 259
38 115
32 932
Living cost
19 428
19 428
19 428
19 428
Free-cash
14 781
7 831
18 687
13 504

Estimated living cost  is ₴19428 per week

₴12994
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2049
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴290
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4096
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23823
₴21878
₴22282
₴21772
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 785
social contributions
-
-
-
8 002
health
-
-
-
1 390
total
-
-
-
16 177
Employee
38 029
38 029
49 478
-
social contributions
1 848
3 156
4 107
-
income
3 993
3 520
6 611
-
health
378
647
841
-
total
6 219
7 323
11 559
-
Employer
38 029
38 029
49 478
-
health
412
704
915
-
social contributions
1 848
3 156
4 107
-
total
2 260
3 860
5 022
-
Corporate
29 979
12 610
-
-
income
3 748
1 577
-
-
total
3 748
1 577
-
-
Dividends
26 232
11 034
-
-
withholding
4 460
1 876
-
-
total
4 460
1 876
-
-
Income
54 500
54 500
54 500
54 500
Total tax
16 687
14 636
16 581
16 177
After tax
37 813
39 864
37 919
38 323
Living cost
16 041
16 041
16 041
16 041
Free-cash
21 772
23 823
21 878
22 282

Estimated living cost  is ₴16041 per week

₴10966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1253
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21602
₴22512
₴28672
₴21791
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

13 111
5 218
45 607
-
unemployment
197
78
684
-
pensions
1 311
522
4 561
-
income
1 603
638
5 575
-
health
918
365
3 192
-
total
4 029
1 603
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.

13 111
5 218
45 607
-
pensions
2 557
1 018
8 893
-
total
2 557
1 018
8 893
-
Corporate
38 832
48 264
-
-
income
3 495
4 344
-
-
total
3 495
4 344
-
-
Dividends
35 337
43 921
-
-
social contributions
6 831
8 505
-
-
withholding
6 714
8 345
-
-
total
13 545
16 850
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 626
23 815
22 905
16 745
After tax
30 874
30 685
31 595
37 755
Living cost
9 083
9 083
9 083
9 083
Free-cash
21 791
21 602
22 512
28 672

Estimated living cost  is ₴9083 per week

₴6198
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴743
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴181
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1960
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31655
₴19468
₴17267
₴28581
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
14 030
-
40 733
-
unemployment
224
-
651
-
pensions
281
-
815
-
income
1 580
-
7 854
-
total
2 085
-
9 320
-
Employer
14 030
-
40 733
-
health
1 824
-
5 295
-
pensions
2 806
-
8 146
-
unemployment
113
-
326
-
total
4 743
-
13 767
-
Corporate
35 728
54 500
-
-
income
7 146
10 900
-
-
total
7 146
10 900
-
-
Dividends
28 582
43 600
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
13 974
10 900
23 087
25 288
After tax
40 526
43 600
31 413
29 212
Living cost
11 945
11 945
11 945
11 945
Free-cash
28 581
31 655
19 468
17 267

Estimated living cost  is ₴11945 per week

₴8193
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴711
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.
₴2801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6621
₴17378
₴26342
₴2722
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
13 628
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
17 122
Employee
17 361
-
47 035
-
pensions
1 955
-
3 827
-
income
2 382
-
9 409
-
health
1 988
-
5 386
-
total
6 325
-
18 622
-
Employer
17 361
-
47 035
-
pensions
2 823
-
5 527
-
accident
290
-
785
-
unemployment
425
-
1 152
-
total
3 538
-
7 464
-
Corporate
33 601
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.

30 241
49 050
-
-
total
30 241
49 050
-
-
Dividends
3 360
5 450
-
-
withholding
638
1 035
-
-
total
638
1 035
-
-
Income
54 500
54 500
54 500
54 500
Total tax
40 742
50 085
26 086
17 122
After tax
13 758
4 415
28 414
37 378
Living cost
11 036
11 036
11 036
11 036
Free-cash
2 722
-6 621
17 378
26 342

Estimated living cost  is ₴11036 per week

₴8089
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴230
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47725
₴39550
₴49905
₴46966
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 063
-
54 500
-
income
1 012
-
10 900
-
total
1 012
-
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%.

49 437
54 500
-
-
total
-
-
-
-
Dividends
49 437
54 500
-
-
withholding
2 472
2 725
-
-
total
2 472
2 725
-
-
Income
54 500
54 500
54 500
54 500
Total tax
3 484
2 725
10 900
545
After tax
51 016
51 775
43 600
53 955
Living cost
4 050
4 050
4 050
4 050
Free-cash
46 966
47 725
39 550
49 905

Estimated living cost  is ₴4050 per week

₴2510
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴337
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴111
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1092
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26863
₴18498
₴16241
₴23522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
7 015
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.

-
-
-
13 080
total
-
-
-
25 081
Employee
17 957
-
43 531
-
unemployment
179
-
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.

1 257
-
3 046
-
income
3 091
-
7 767
-
health
252
-
609
-
total
4 779
-
11 857
-
Employer
17 957
-
43 531
-
health
252
-
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.

3 053
-
7 399
-
accident
144
-
348
-
unemployment
179
-
435
-
other
898
-
2 176
-
total
4 526
-
10 967
-
Corporate
32 017
54 500
-
-
income
6 724
11 445
-
-
total
6 724
11 445
-
-
Dividends
25 294
43 055
-
-
withholding
1 771
3 014
-
-
total
1 771
3 014
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 800
14 459
22 824
25 081
After tax
36 700
40 041
31 676
29 419
Living cost
13 178
13 178
13 178
13 178
Free-cash
23 522
26 863
18 498
16 241

Estimated living cost  is ₴13178 per week

₴9311
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴890
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2765
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Bratislava model

Close
London , United Kingdom
₴6300
₴758
₴5721
₴1275
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 184
pensions
-
-
-
3 776
total
-
-
-
15 960
Employee
46 433
-
47 904
-
pensions
4 480
-
4 656
-
income
8 370
-
8 876
-
health
765
-
795
-
total
13 615
-
14 327
-
Employer
46 433
-
47 904
-
health
882
-
910
-
pensions
5 482
-
5 686
-
total
6 364
-
6 596
-
Corporate
1 702
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.

323
10 355
-
-
total
323
10 355
-
-
Dividends
1 379
44 145
-
-
withholding
104
5 026
-
-
total
104
5 026
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 406
15 381
20 923
15 960
After tax
34 094
39 119
33 577
38 540
Living cost
32 819
32 819
32 819
32 819
Free-cash
1 275
6 300
758
5 721

Estimated living cost  is ₴32819 per week

₴24592
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3856
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.
₴4105
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴40109
₴37006
₴35222
₴37810
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 988
pensions

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

-
-
-
2 558
total
-
-
-
12 790
Employee
8 591
-
51 109
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
pensions

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

754
-
1 518
-
income
859
-
5 111
-
health
395
-
795
-
total
2 103
-
7 614
-
Employer
8 591
-
51 109
-
health
593
-
1 193
-
pensions

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

947
-
1 905
-
accident

We are using the highest rate at 1.1%.

95
-
190
-
unemployment
51
-
104
-
total
1 686
-
3 392
-
Corporate
44 223
54 500
-
-
income
4 423
5 450
-
-
total
4 423
5 450
-
-
Dividends
39 801
49 050
-
-
withholding
1 990
2 453
-
-
total
1 990
2 453
-
-
Income
54 500
54 500
54 500
54 500
Total tax
10 202
7 903
11 006
12 790
After tax
44 298
46 597
43 494
41 710
Living cost
6 488
6 488
6 488
6 488
Free-cash
37 810
40 109
37 006
35 222

Estimated living cost  is ₴6488 per week

₴3788
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴172
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2065
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴927
₴498
₴3597
₴318
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 586
health
-
-
-
6 099
pensions
-
-
-
5 794
total
-
-
-
23 479
Employee
45 852
42 234
46 379
-
pensions
5 794
5 794
5 794
-
income

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

6 913
6 913
6 913
-
health
5 720
5 514
5 750
-
total
18 427
18 221
18 457
-
Employer
45 852
42 234
46 379
-
health
3 186
2 936
3 223
-
pensions
3 191
2 939
3 228
-
unemployment
1 651
1 520
1 670
-
total
8 028
7 395
8 121
-
Corporate
620
4 871
-
-
income
124
974
-
-
total
124
974
-
-
Dividends
496
3 897
-
-
income
105
828
-
-
withholding
74
585
-
-
total
179
1 413
-
-
Income
54 500
54 500
54 500
54 500
Total tax
26 758
28 003
26 578
23 479
After tax
27 742
26 497
27 922
31 021
Living cost
27 424
27 424
27 424
27 424
Free-cash
318
-927
498
3 597

Estimated living cost  is ₴27424 per week

₴20230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2450
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴314
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4431
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25223
₴15356
₴14245
₴20834
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
18 088
-
40 672
-
solidarity contribution
-
-
-
-
social contributions
1 176
-
2 644
-
income
2 171
-
4 881
-
health
2 442
-
5 491
-
total
5 789
-
13 016
-
Employer
18 088
-
40 672
-
health
1 628
-
3 660
-
social contributions
4 522
-
10 168
-
total
6 150
-
13 828
-
Corporate
30 262
54 500
-
-
income
5 750
10 355
-
-
total
5 750
10 355
-
-
Dividends
24 512
44 145
-
-
withholding
3 677
6 622
-
-
total
3 677
6 622
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 366
16 977
26 844
27 955
After tax
33 134
37 523
27 656
26 545
Living cost
12 300
12 300
12 300
12 300
Free-cash
20 834
25 223
15 356
14 245

Estimated living cost  is ₴12300 per week

₴8544
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴875
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2639
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8208
₴4157
₴6749
₴5627
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
610
municipal
-
-
-
324
national
-
-
-
11 930
total
-
-
-
26 882
Employee
43 954
-
54 500
-
municipal
233
-
289
-
national
7 616
-
10 273
-
regional
415
-
535
-
social contributions
14 821
-
18 377
-
total
23 085
-
29 474
-
Employer
43 954
-
54 500
-
total
-
-
-
-
Corporate
10 546
54 500
-
-
municipal
411
2 126
-
-
nationa
2 531
13 080
-
-
total
2 942
15 206
-
-
Dividends
7 604
39 294
-
-
withholding
1 977
10 217
-
-
total
1 977
10 217
-
-
Income
54 500
54 500
54 500
54 500
Total tax
28 004
25 423
29 474
26 882
After tax
26 496
29 077
25 026
27 618
Living cost
20 869
20 869
20 869
20 869
Free-cash
5 627
8 208
4 157
6 749

Estimated living cost  is ₴20869 per week

₴14547
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴320
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4633
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23367
₴15528
₴16421
₴21829
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 883
other
-
-
-
-
surtax
-
-
-
1 400
unemployment
-
-
-
113
health
-
-
-
3 870
pensions
-
-
-
10 900
total
-
-
-
27 166
Employee
16 355
-
45 022
-
other
-
-
-
-
unemployment
1 138
-
3 134
-
pensions
1 091
-
3 003
-
surtax
53
-
1 259
-
income
2 741
-
10 037
-
health
418
-
1 148
-
total
5 441
-
18 581
-
Employer
16 355
-
45 022
-
health
744
-
2 049
-
pensions
2 180
-
6 002
-
unemployment
518
-
1 427
-
other
-
-
-
-
total
3 442
-
9 478
-
Corporate
34 703
54 500
-
-
income
9 023
14 170
-
-
total
9 023
14 170
-
-
Dividends
25 680
40 330
-
-
withholding
3 852
6 050
-
-
total
3 852
6 050
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 758
20 220
28 059
27 166
After tax
32 742
34 280
26 441
27 334
Living cost
10 913
10 913
10 913
10 913
Free-cash
21 829
23 367
15 528
16 421

Estimated living cost  is ₴10913 per week

₴6673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1007
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.
₴2982
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16698
₴11156
₴16119
₴14550
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 184
pensions
-
-
-
3 776
total
-
-
-
15 960
Employee
31 118
-
47 904
-
pensions
2 641
-
4 656
-
income
5 605
-
8 876
-
health
452
-
795
-
total
8 698
-
14 327
-
Employer
31 118
-
47 904
-
health
591
-
910
-
pensions
3 369
-
5 686
-
total
3 960
-
6 596
-
Corporate
19 422
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.

3 691
10 355
-
-
total
3 691
10 355
-
-
Dividends
15 731
44 145
-
-
withholding
1 180
5 026
-
-
total
1 180
5 026
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 529
15 381
20 923
15 960
After tax
36 971
39 119
33 577
38 540
Living cost
22 421
22 421
22 421
22 421
Free-cash
14 550
16 698
11 156
16 119

Estimated living cost  is ₴22421 per week

₴16798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1681
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.
₴3708
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴14566
₴3171
₴5875
₴2332
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 945
health
-
-
-
129
city
-
-
-
574
national
-
-
-
386
pensions
-
-
-
5 013
total
-
-
-
9 137
Employee
46 212
-
48 781
-
unemployment
-
-
-
-
pensions
3 882
-
4 097
-
national
219
-
275
-
regional
1 513
-
1 652
-
city
496
-
524
-
health
104
-
110
-
total
6 214
-
6 658
-
Employer
46 212
-
48 781
-
health
104
-
110
-
pensions
3 882
-
4 097
-
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.

924
-
976
-
total
4 910
-
5 183
-
Corporate
2 869
54 500
-
-
regional
606
11 526
-
-
national
243
4 633
-
-
total
849
16 159
-
-
Dividends
2 020
38 341
-
-
withholding
707
13 419
-
-
total
707
13 419
-
-
Income
54 500
54 500
54 500
54 500
Total tax
12 680
29 578
11 841
9 137
After tax
41 820
24 922
42 659
45 363
Living cost
39 488
39 488
39 488
39 488
Free-cash
2 332
-14 566
3 171
5 875

Estimated living cost  is ₴39488 per week

₴25679
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3544
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴485
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9781
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4323
₴15459
₴10056
₴12343
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
12 328
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.

-
-
-
678
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.

-
-
-
3 379
trade
-
-
-
5 403
total
-
-
-
21 788
Employee

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

29 722
-
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.

192
-
678
-
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.

3 495
-
12 328
-
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.

3 379
-
3 379
-
total
7 066
-
16 385
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
24 778
54 500
-
-
income
3 717
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.

205
450
-
-
chamber of commerce
110
152
-
-
trade
4 250
9 347
-
-
total
8 282
18 124
-
-
Dividends
16 497
36 377
-
-
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.

217
490
-
-
withholding
3 936
8 907
-
-
total
4 153
9 397
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 501
27 521
16 385
21 788
After tax
34 999
26 979
38 115
32 712
Living cost
22 656
22 656
22 656
22 656
Free-cash
12 343
4 323
15 459
10 056

Estimated living cost  is ₴22656 per week

₴16547
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1812
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.
₴4003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10546
₴16634
₴14320
₴13468
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 904
other
-
-
-
1 689
surtax
-
-
-
-
social contributions
-
-
-
1 552
health
-
-
-
1 287
pensions
-
-
-
12 827
total
-
-
-
23 259
Employee
21 166
-
43 954
-
pensions
2 393
-
2 276
-
surtax
-
-
-
-
social contributions
603
-
1 252
-
income
1 249
-
6 873
-
total
4 245
-
10 401
-
Employer
21 166
-
43 954
-
health
1 482
-
3 144
-
pensions
3 477
-
3 972
-
unemployment
857
-
1 780
-
social contributions
64
-
131
-
other
730
-
1 517
-
total
6 610
-
10 544
-
Corporate
26 724
54 500
-
-
income
7 483
15 260
-
-
surtax
-
-
-
-
total
7 483
15 260
-
-
Dividends
19 241
39 240
-
-
surtax
-
-
-
-
social contributions
3 310
6 750
-
-
withholding
2 463
5 023
-
-
total
5 773
11 773
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 111
27 033
20 945
23 259
After tax
30 389
27 467
33 555
31 241
Living cost
16 921
16 921
16 921
16 921
Free-cash
13 468
10 546
16 634
14 320

Estimated living cost  is ₴16921 per week

₴10669
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1376
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.
₴4588
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12223
₴18311
₴15997
₴14972
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 904
other
-
-
-
1 689
surtax
-
-
-
-
social contributions
-
-
-
1 552
health
-
-
-
1 287
pensions
-
-
-
12 827
total
-
-
-
23 259
Employee
18 894
-
43 954
-
pensions
2 137
-
2 276
-
surtax
-
-
-
-
social contributions
539
-
1 252
-
income
974
-
6 873
-
total
3 650
-
10 401
-
Employer
18 894
-
43 954
-
health
1 322
-
3 144
-
pensions
3 105
-
3 972
-
unemployment
765
-
1 780
-
social contributions
56
-
131
-
other
652
-
1 517
-
total
5 900
-
10 544
-
Corporate
29 705
54 500
-
-
income
8 317
15 260
-
-
surtax
-
-
-
-
total
8 317
15 260
-
-
Dividends
21 388
39 240
-
-
surtax
-
-
-
-
social contributions
3 679
6 750
-
-
withholding
2 738
5 023
-
-
total
6 417
11 773
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 284
27 033
20 945
23 259
After tax
30 216
27 467
33 555
31 241
Living cost
15 244
15 244
15 244
15 244
Free-cash
14 972
12 223
18 311
15 997

Estimated living cost  is ₴15244 per week

₴8841
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1549
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴289
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4566
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22763
₴24347
₴24513
₴23020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
16 769
-
54 500
-
social contributions
2 314
-
7 521
-
income
2 797
-
8 341
-
health
1 170
-
3 804
-
total
6 281
-
19 666
-
Employer
16 769
-
54 500
-
total
-
-
-
-
Corporate
37 731
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%.

1 886
2 725
-
-
total
1 886
2 725
-
-
Dividends
35 845
51 775
-
-
social contributions
4 947
7 145
-
-
withholding
5 377
7 766
-
-
health
2 502
3 614
-
-
total
12 826
18 525
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 993
21 250
19 666
19 500
After tax
33 507
33 250
34 834
35 000
Living cost
10 487
10 487
10 487
10 487
Free-cash
23 020
22 763
24 347
24 513

Estimated living cost  is ₴10487 per week

₴7018
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴647
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2580
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13040
-₴1541
₴9756
₴12276
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 717
surtax
-
-
-
98
unemployment
-
-
-
3 033
chamber of commerce
-
-
-
218
health
-
-
-
4 169
pensions
-
-
-
10 083
total
-
-
-
27 318
Employee
24 716
19 709
42 245
-
other
247
197
422
-
unemployment
741
591
1 267
-
pensions
2 531
2 018
4 326
-
income
2 814
1 454
8 618
-
health
956
763
1 635
-
total
7 289
5 023
16 268
-
Employer
24 716
19 709
42 245
-
chamber of commerce
99
79
169
-
health
934
745
1 596
-
pensions
3 102
2 474
5 302
-
accident
321
256
549
-
unemployment
741
591
1 267
-
surtax
98
98
98
-
payroll
741
591
1 267
-
other
1 174
936
2 007
-
total
7 210
5 770
12 255
-
Corporate
22 574
29 021
40 369
-
income

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

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

5 643
7 255
10 092
-
total
5 643
7 255
10 092
-
Dividends
16 931
21 766
-
-
withholding
4 656
5 986
-
-
total
4 656
5 986
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 798
24 034
38 615
27 318
After tax
29 702
30 466
15 885
27 182
Living cost
17 426
17 426
17 426
17 426
Free-cash
12 276
13 040
-1 541
9 756

Estimated living cost  is ₴17426 per week

₴11623
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1487
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.
₴4031
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12516
₴2911
₴6951
₴5098
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
2 743
social contributions
-
-
-
8 774
national
-
-
-
18 000
total
-
-
-
29 517
Employee

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

35 376
-
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.

308
-
367
-
communal

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

1 845
-
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.

2 653
-
3 166
-
national
10 876
-
13 550
-
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.

1 662
-
1 984
-
total
17 344
-
21 269
-
Employer

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

35 376
-
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.

2 175
-
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.

3 135
-
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.

460
-
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.

516
-
617
-
surtax
4 011
-
4 786
-
total
10 297
-
12 288
-
Corporate
8 826
54 500
-
-
income
1 765
10 900
-
-
surtax
36
218
-
-
total
1 801
11 118
-
-
Dividends
7 025
43 382
-
-
withholding

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

1 928
12 834
-
-
total
1 928
12 834
-
-
Income
54 500
54 500
54 500
54 500
Total tax
31 370
23 952
33 557
29 517
After tax
23 130
30 548
20 943
24 983
Living cost
18 032
18 032
18 032
18 032
Free-cash
5 098
12 516
2 911
6 951

Estimated living cost  is ₴18032 per week

₴11615
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1577
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.
₴4558
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18848
₴10556
₴11845
₴14910
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
413
income
-
-
-
11 042
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 972
total
-
-
-
24 794
Employee
24 618
-
41 325
-
other
24
-
41
-
unemployment
382
-
640
-
pensions
1 157
-
1 943
-
income
5 194
-
10 285
-
total
6 757
-
12 909
-
Employer
24 618
-
41 325
-
pensions
5 809
-
9 753
-
accident
487
-
818
-
unemployment
1 354
-
2 273
-
other
196
-
330
-
total
7 846
-
13 174
-
Corporate
22 035
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.

3 305
8 175
-
-
total
3 305
8 175
-
-
Dividends
18 729
46 325
-
-
withholding
3 821
9 616
-
-
total
3 821
9 616
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 729
17 791
26 083
24 794
After tax
32 771
36 709
28 417
29 706
Living cost
17 861
17 861
17 861
17 861
Free-cash
14 910
18 848
10 556
11 845

Estimated living cost  is ₴17861 per week

₴13152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1267
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.
₴3183
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6301
₴5888
₴3606
₴2684
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
3 444
accident
-
-
-
460
income
-
-
-
5 414
surtax
-
-
-
2 702
health
-
-
-
3 829
pensions
-
-
-
8 169
total
-
-
-
24 018
Employee
37 453
-
48 682
-
pensions
2 996
-
3 895
-
surtax
2 296
-
2 984
-
income
3 618
-
6 873
-
health
1 667
-
2 166
-
total
10 577
-
15 918
-
Employer
37 453
-
48 682
-
health
1 142
-
1 485
-
pensions
2 996
-
3 895
-
accident
337
-
438
-
total
4 475
-
5 818
-
Corporate
12 572
54 500
-
-
communal
-
3 679
-
-
income
1 885
8 175
-
-
surtax
132
572
-
-
total
2 017
12 426
-
-
Dividends
10 555
42 074
-
-
income
6 288
2 586
-
-
withholding
1 583
6 311
-
-
total
7 871
8 897
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 940
21 323
21 736
24 018
After tax
29 560
33 177
32 764
30 482
Living cost
26 876
26 876
26 876
26 876
Free-cash
2 684
6 301
5 888
3 606

Estimated living cost  is ₴26876 per week

₴20161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1628
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.
₴4801
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23172
₴15333
₴16226
₴21601
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 883
other
-
-
-
-
surtax
-
-
-
1 400
unemployment
-
-
-
113
health
-
-
-
3 870
pensions
-
-
-
10 900
total
-
-
-
27 166
Employee
16 655
-
45 022
-
other
-
-
-
-
unemployment
1 159
-
3 134
-
pensions
1 111
-
3 003
-
surtax
59
-
1 259
-
income
2 792
-
10 037
-
health
425
-
1 148
-
total
5 546
-
18 581
-
Employer
16 655
-
45 022
-
health
757
-
2 049
-
pensions
2 221
-
6 002
-
unemployment
528
-
1 427
-
other
-
-
-
-
total
3 506
-
9 478
-
Corporate
34 339
54 500
-
-
income
8 928
14 170
-
-
total
8 928
14 170
-
-
Dividends
25 410
40 330
-
-
withholding
3 811
6 050
-
-
total
3 811
6 050
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 791
20 220
28 059
27 166
After tax
32 709
34 280
26 441
27 334
Living cost
11 108
11 108
11 108
11 108
Free-cash
21 601
23 172
15 333
16 226

Estimated living cost  is ₴11108 per week

₴6707
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3179
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15324
₴11506
₴14084
₴14227
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 930
total
-
-
-
27 094
Employee
27 434
-
54 500
-
municipal
145
-
289
-
national
4 346
-
10 273
-
regional
369
-
733
-
social contributions
9 251
-
18 377
-
total
14 111
-
29 672
-
Employer
27 434
-
54 500
-
total
-
-
-
-
Corporate
27 066
54 500
-
-
municipal
1 345
2 709
-
-
nationa
6 496
13 080
-
-
total
7 841
15 789
-
-
Dividends
19 226
38 711
-
-
withholding
4 999
10 065
-
-
total
4 999
10 065
-
-
Income
54 500
54 500
54 500
54 500
Total tax
26 951
25 854
29 672
27 094
After tax
27 549
28 646
24 828
27 406
Living cost
13 322
13 322
13 322
13 322
Free-cash
14 227
15 324
11 506
14 084

Estimated living cost  is ₴13322 per week

₴8285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22366
₴12499
₴11388
₴16959
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
22 290
-
40 672
-
solidarity contribution
-
-
-
-
social contributions
1 449
-
2 644
-
income
2 675
-
4 881
-
health
3 009
-
5 491
-
total
7 133
-
13 016
-
Employer
22 290
-
40 672
-
health
2 006
-
3 660
-
social contributions
5 572
-
10 168
-
total
7 578
-
13 828
-
Corporate
24 632
54 500
-
-
income
4 680
10 355
-
-
total
4 680
10 355
-
-
Dividends
19 952
44 145
-
-
withholding
2 993
6 622
-
-
total
2 993
6 622
-
-
Income
54 500
54 500
54 500
54 500
Total tax
22 384
16 977
26 844
27 955
After tax
32 116
37 523
27 656
26 545
Living cost
15 157
15 157
15 157
15 157
Free-cash
16 959
22 366
12 499
11 388

Estimated living cost  is ₴15157 per week

₴11272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴840
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2783
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14742
₴125
₴11502
₴14495
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
9 717
surtax
-
-
-
-
unemployment
-
-
-
3 033
chamber of commerce
-
-
-
218
health
-
-
-
4 169
pensions
-
-
-
10 083
total
-
-
-
27 220
Employee
21 619
19 709
42 320
-
other
216
197
423
-
unemployment
649
591
1 270
-
pensions
2 214
2 018
4 333
-
income
1 926
1 454
8 643
-
health
836
763
1 638
-
total
5 841
5 023
16 307
-
Employer
21 619
19 709
42 320
-
chamber of commerce
86
79
169
-
health
817
745
1 599
-
pensions
2 713
2 474
5 311
-
accident
281
256
550
-
unemployment
649
591
1 270
-
surtax
-
-
-
-
payroll
649
591
1 270
-
other
1 027
936
2 010
-
total
6 222
5 672
12 179
-
Corporate
26 660
29 119
40 444
-
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.

6 665
7 279
10 111
-
total
6 665
7 279
10 111
-
Dividends
19 994
21 839
-
-
withholding
5 499
6 006
-
-
total
5 499
6 006
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 227
23 980
38 597
27 220
After tax
30 273
30 520
15 903
27 280
Living cost
15 778
15 778
15 778
15 778
Free-cash
14 495
14 742
125
11 502

Estimated living cost  is ₴15778 per week

₴9465
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1611
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.
₴4420
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45463
₴37288
₴47643
₴44279
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 890
-
54 500
-
income
1 578
-
10 900
-
total
1 578
-
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%.

46 610
54 500
-
-
total
-
-
-
-
Dividends
46 610
54 500
-
-
withholding
2 331
2 725
-
-
total
2 331
2 725
-
-
Income
54 500
54 500
54 500
54 500
Total tax
3 909
2 725
10 900
545
After tax
50 591
51 775
43 600
53 955
Living cost
6 312
6 312
6 312
6 312
Free-cash
44 279
45 463
37 288
47 643

Estimated living cost  is ₴6312 per week

₴4271
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴265
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1564
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24258
₴13150
₴14710
₴20123
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 127
unemployment
-
-
-
82
health
-
-
-
5 363
pensions
-
-
-
9 953
total
-
-
-
26 525
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.

21 870
-
47 158
-
unemployment
31
-
66
-
pensions
3 390
-
7 309
-
income
3 771
-
10 322
-
health
1 412
-
3 046
-
total
8 604
-
20 743
-
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.

21 870
-
47 158
-
health
1 457
-
3 140
-
pensions
1 935
-
4 174
-
unemployment
13
-
28
-
total
3 405
-
7 342
-
Corporate
29 225
54 500
-
-
income
5 553
10 355
-
-
total
5 553
10 355
-
-
Dividends
23 672
44 145
-
-
withholding
3 550
6 622
-
-
total
3 550
6 622
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 112
16 977
28 085
26 525
After tax
33 388
37 523
26 415
27 975
Living cost
13 265
13 265
13 265
13 265
Free-cash
20 123
24 258
13 150
14 710

Estimated living cost  is ₴13265 per week

₴9104
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴850
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.
₴3055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11768
₴26589
₴16274
-₴19416
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
30 671
-
-
-
social contributions
2 515
-
358
-
income
6 765
-
-
-
total
9 280
-
358
-
Employer
30 671
-
-
-
social contributions
43 246
-
6 163
-
total
43 246
-
6 163
-
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
52 526
21 342
6 521
16 836
After tax
1 974
33 158
47 979
37 664
Living cost
21 390
21 390
21 390
21 390
Free-cash
-19 416
11 768
26 589
16 274

Estimated living cost  is ₴21390 per week

₴13879
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2012
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴5227
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15487
₴11635
₴14726
₴14989
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 323
surtax
-
-
-
-
social contributions

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

-
-
-
18 938
total
-
-
-
24 261
Employee
22 746
-
44 040
-
surtax
-
-
-
-
social contributions
2 502
-
4 845
-
income
4 731
-
12 047
-
total
7 233
-
16 892
-
Employer
22 746
-
44 040
-
social contributions
5 402
-
10 460
-
total
5 402
-
10 460
-
Corporate
26 352
54 500
-
-
income
5 534
11 445
-
-
surtax
-
-
-
-
total
5 534
11 445
-
-
Dividends
20 818
43 055
-
-
withholding
5 829
12 055
-
-
total
5 829
12 055
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 998
23 500
27 352
24 261
After tax
30 502
31 000
27 148
30 239
Living cost
15 513
15 513
15 513
15 513
Free-cash
14 989
15 487
11 635
14 726

Estimated living cost  is ₴15513 per week

₴11607
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴915
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2732
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3580
₴9668
₴7354
₴6979
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 904
other
-
-
-
1 689
surtax
-
-
-
-
social contributions
-
-
-
1 552
health
-
-
-
1 287
pensions
-
-
-
12 827
total
-
-
-
23 259
Employee
30 975
-
43 954
-
pensions
3 504
-
2 276
-
surtax
-
-
-
-
social contributions
882
-
1 252
-
income
2 703
-
6 873
-
total
7 089
-
10 401
-
Employer
30 975
-
43 954
-
health
2 168
-
3 144
-
pensions
5 090
-
3 972
-
unemployment
1 255
-
1 780
-
social contributions
93
-
131
-
other
1 069
-
1 517
-
total
9 675
-
10 544
-
Corporate
13 850
54 500
-
-
income
3 878
15 260
-
-
surtax
-
-
-
-
total
3 878
15 260
-
-
Dividends
9 972
39 240
-
-
surtax
-
-
-
-
social contributions
1 716
6 750
-
-
withholding
1 276
5 023
-
-
total
2 992
11 773
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 634
27 033
20 945
23 259
After tax
30 866
27 467
33 555
31 241
Living cost
23 887
23 887
23 887
23 887
Free-cash
6 979
3 580
9 668
7 354

Estimated living cost  is ₴23887 per week

₴16166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1954
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴328
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5439
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34184
₴27844
₴26397
₴32523
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 247
social contributions
-
-
-
11 990
total
-
-
-
13 237
Employee
15 900
-
47 186
-
income
-
-
1 409
-
social contributions
1 033
-
3 067
-
total
1 033
-
4 476
-
Employer
15 900
-
47 186
-
social contributions
2 465
-
7 314
-
total
2 465
-
7 314
-
Corporate
36 136
54 500
-
-
income
3 613
5 450
-
-
total
3 613
5 450
-
-
Dividends
32 523
49 050
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
7 111
5 450
11 790
13 237
After tax
47 389
49 050
42 710
41 263
Living cost
14 866
14 866
14 866
14 866
Free-cash
32 523
34 184
27 844
26 397

Estimated living cost  is ₴14866 per week

₴9612
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1121
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.
₴3854
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴53084
-₴53084
₴9720
-₴53084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
10 388
national
-
-
-
5 858
pensions
-
-
-
428
total
-
-
-
21 000
Employee
100 371
100 371
100 371
-
municipal
21 374
21 374
21 374
-
labour market
8 018
8 018
8 018
-
pensions
143
143
143
-
national
12 262
12 262
12 262
-
total
41 797
41 797
41 797
-
Employer
100 371
100 371
100 371
-
national
12 284
12 284
12 284
-
labour market
8 030
8 030
8 030
-
pensions
285
285
285
-
municipal
21 408
21 408
21 408
-
total
42 007
42 007
42 007
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
83 804
83 804
83 804
21 000
After tax
-29 304
-29 304
-29 304
33 500
Living cost
23 780
23 780
23 780
23 780
Free-cash
-53 084
-53 084
-53 084
9 720

Estimated living cost  is ₴23780 per week

₴16276
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2104
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴366
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5035
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6459
₴17540
₴26504
₴2746
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
13 628
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
17 122
Employee
17 105
-
47 035
-
pensions
1 926
-
3 827
-
income
2 347
-
9 409
-
health
1 959
-
5 386
-
total
6 232
-
18 622
-
Employer
17 105
-
47 035
-
pensions
2 781
-
5 527
-
accident
286
-
785
-
unemployment
419
-
1 152
-
total
3 486
-
7 464
-
Corporate
33 909
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.

30 518
49 050
-
-
total
30 518
49 050
-
-
Dividends
3 391
5 450
-
-
withholding
644
1 035
-
-
total
644
1 035
-
-
Income
54 500
54 500
54 500
54 500
Total tax
40 880
50 085
26 086
17 122
After tax
13 620
4 415
28 414
37 378
Living cost
10 874
10 874
10 874
10 874
Free-cash
2 746
-6 459
17 540
26 504

Estimated living cost  is ₴10874 per week

₴7915
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴620
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16864
₴11675
₴19148
₴16312
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
633
municipal
-
-
-
9 696
national
-
-
-
6 035
total
-
-
-
16 364
Employee
26 020
-
45 848
-
municipal
4 262
-
7 482
-
unemployment
390
-
688
-
pensions
1 756
-
3 094
-
national
430
-
3 422
-
health
194
-
499
-
total
7 032
-
15 185
-
Employer
26 020
-
45 848
-
health
200
-
353
-
pensions
4 514
-
7 955
-
accident
26
-
46
-
unemployment
169
-
298
-
total
4 909
-
8 652
-
Corporate
23 571
54 500
-
-
income
4 714
10 900
-
-
total
4 714
10 900
-
-
Dividends

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

14 142
32 700
-
-
municipal
2 545
5 886
-
-
national
-
1 862
-
-
total
2 545
7 748
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 200
18 648
23 837
16 364
After tax
35 300
35 852
30 663
38 136
Living cost
18 988
18 988
18 988
18 988
Free-cash
16 312
16 864
11 675
19 148

Estimated living cost  is ₴18988 per week

₴12403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1826
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴302
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4457
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28414
₴26469
₴26873
₴25722
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
6 785
social contributions
-
-
-
8 002
health
-
-
-
1 390
total
-
-
-
16 177
Employee
38 029
38 029
49 478
-
social contributions
1 438
3 156
4 107
-
income
4 141
3 520
6 611
-
health
295
647
841
-
total
5 874
7 323
11 559
-
Employer
38 029
38 029
49 478
-
health
320
704
915
-
social contributions
1 438
3 156
4 107
-
total
1 758
3 860
5 022
-
Corporate
35 418
12 610
-
-
income
4 427
1 577
-
-
total
4 427
1 577
-
-
Dividends
30 991
11 034
-
-
withholding
5 269
1 876
-
-
total
5 269
1 876
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 328
14 636
16 581
16 177
After tax
37 172
39 864
37 919
38 323
Living cost
11 450
11 450
11 450
11 450
Free-cash
25 722
28 414
26 469
26 873

Estimated living cost  is ₴11450 per week

₴6862
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1123
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3212
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37279
₴26501
₴36422
₴34765
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 276
unemployment
-
-
-
14
health
-
-
-
1 790
pensions
-
-
-
3 146
total
-
-
-
10 226
Employee

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

11 352
-
49 667
-
unemployment
56
-
235
-
pensions
1 702
-
7 039
-
income
776
-
4 050
-
health
965
-
3 989
-
total
3 499
-
15 313
-
Employer

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

11 352
-
49 667
-
health
488
-
2 018
-
pensions
624
-
2 581
-
unemployment
56
-
235
-
total
1 168
-
4 834
-
Corporate
41 980
54 500
-
-
income
3 778
4 905
-
-
total
3 778
4 905
-
-
Dividends
38 201
49 595
-
-
withholding
3 438
4 464
-
-
total
3 438
4 464
-
-
Income
54 500
54 500
54 500
54 500
Total tax
11 883
9 369
20 147
10 226
After tax
42 617
45 131
34 353
44 274
Living cost
7 852
7 852
7 852
7 852
Free-cash
34 765
37 279
26 501
36 422

Estimated living cost  is ₴7852 per week

₴5010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴566
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.
₴2042
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23109
₴14817
₴16106
₴20516
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
413
income
-
-
-
11 042
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 972
total
-
-
-
24 794
Employee
18 287
-
41 325
-
other
18
-
41
-
unemployment
283
-
640
-
pensions
860
-
1 943
-
income
3 526
-
10 285
-
total
4 687
-
12 909
-
Employer
18 287
-
41 325
-
pensions
4 315
-
9 753
-
accident
362
-
818
-
unemployment
1 006
-
2 273
-
other
146
-
330
-
total
5 829
-
13 174
-
Corporate
30 383
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.

4 557
8 175
-
-
total
4 557
8 175
-
-
Dividends
25 826
46 325
-
-
withholding
5 311
9 616
-
-
total
5 311
9 616
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 384
17 791
26 083
24 794
After tax
34 116
36 709
28 417
29 706
Living cost
13 600
13 600
13 600
13 600
Free-cash
20 516
23 109
14 817
16 106

Estimated living cost  is ₴13600 per week

₴9180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1307
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2875
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Valencia model

Close
Istanbul , Turkey
₴33047
₴33832
₴33900
₴32890
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 430
health
-
-
-
508
pensions
-
-
-
701
total
-
-
-
19 639
Employee
1 464
-
53 711
-
unemployment
15
-
35
-
pensions
132
-
315
-
income
283
-
18 393
-
health
73
-
175
-
total
503
-
18 918
-
Employer
1 464
-
53 711
-
health
139
-
333
-
pensions
161
-
386
-
unemployment
29
-
70
-
total
329
-
789
-
Corporate
52 707
54 500
-
-
income
11 595
11 990
-
-
total
11 595
11 990
-
-
Dividends
41 111
42 510
-
-
withholding
8 222
8 502
-
-
total
8 222
8 502
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 649
20 492
19 707
19 639
After tax
33 851
34 008
34 793
34 861
Living cost
961
961
961
961
Free-cash
32 890
33 047
33 832
33 900

Estimated living cost  is ₴961 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
₴30840
₴20916
₴20918
₴28410
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 257
unemployment
-
-
-
547
health
-
-
-
3 757
pensions
-
-
-
9 485
total
-
-
-
25 046
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.

12 872
-
47 970
-
unemployment
97
-
274
-
pensions
1 802
-
5 107
-
income
1 774
-
11 257
-
health
663
-
1 879
-
total
4 336
-
18 517
-
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.

12 872
-
47 970
-
health
663
-
1 879
-
pensions
1 545
-
4 378
-
unemployment
97
-
274
-
total
2 305
-
6 531
-
Corporate
39 323
54 500
-
-
income
5 899
8 175
-
-
total
5 899
8 175
-
-
Dividends
33 425
46 325
-
-
withholding
5 014
6 949
-
-
total
5 014
6 949
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 554
15 124
25 048
25 046
After tax
36 946
39 376
29 452
29 454
Living cost
8 536
8 536
8 536
8 536
Free-cash
28 410
30 840
20 916
20 918

Estimated living cost  is ₴8536 per week

₴5748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴660
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1882
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17667
₴13815
₴16906
₴17488
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 323
surtax
-
-
-
-
social contributions

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

-
-
-
18 938
total
-
-
-
24 261
Employee
19 195
-
44 040
-
surtax
-
-
-
-
social contributions
2 112
-
4 845
-
income
3 751
-
12 047
-
total
5 863
-
16 892
-
Employer
19 195
-
44 040
-
social contributions
4 558
-
10 460
-
total
4 558
-
10 460
-
Corporate
30 747
54 500
-
-
income
6 457
11 445
-
-
surtax
-
-
-
-
total
6 457
11 445
-
-
Dividends
24 290
43 055
-
-
withholding
6 801
12 055
-
-
total
6 801
12 055
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 679
23 500
27 352
24 261
After tax
30 821
31 000
27 148
30 239
Living cost
13 333
13 333
13 333
13 333
Free-cash
17 488
17 667
13 815
16 906

Estimated living cost  is ₴13333 per week

₴9443
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴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.
₴2727
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19328
₴11036
₴12325
₴15558
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
413
income
-
-
-
11 042
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 972
total
-
-
-
24 794
Employee
23 885
-
41 325
-
other
23
-
41
-
unemployment
370
-
640
-
pensions
1 122
-
1 943
-
income
4 989
-
10 285
-
total
6 504
-
12 909
-
Employer
23 885
-
41 325
-
pensions
5 637
-
9 753
-
accident
473
-
818
-
unemployment
1 314
-
2 273
-
other
191
-
330
-
total
7 615
-
13 174
-
Corporate
23 000
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.

3 450
8 175
-
-
total
3 450
8 175
-
-
Dividends
19 550
46 325
-
-
withholding
3 992
9 616
-
-
total
3 992
9 616
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 561
17 791
26 083
24 794
After tax
32 939
36 709
28 417
29 706
Living cost
17 381
17 381
17 381
17 381
Free-cash
15 558
19 328
11 036
12 325

Estimated living cost  is ₴17381 per week

₴12482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3303
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38085
₴34982
₴33198
₴35068
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 988
pensions

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

-
-
-
2 558
total
-
-
-
12 790
Employee
11 272
-
51 109
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
pensions

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

990
-
1 518
-
income
1 127
-
5 111
-
health
519
-
795
-
total
2 760
-
7 614
-
Employer
11 272
-
51 109
-
health
778
-
1 193
-
pensions

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

1 242
-
1 905
-
accident

We are using the highest rate at 1.1%.

124
-
190
-
unemployment
68
-
104
-
total
2 212
-
3 392
-
Corporate
41 017
54 500
-
-
income
4 102
5 450
-
-
total
4 102
5 450
-
-
Dividends
36 915
49 050
-
-
withholding
1 846
2 453
-
-
total
1 846
2 453
-
-
Income
54 500
54 500
54 500
54 500
Total tax
10 920
7 903
11 006
12 790
After tax
43 580
46 597
43 494
41 710
Living cost
8 512
8 512
8 512
8 512
Free-cash
35 068
38 085
34 982
33 198

Estimated living cost  is ₴8512 per week

₴5630
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴487
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴203
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2192
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9007
₴19021
₴14500
₴15477
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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.

-
-
-
12 328
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.

-
-
-
678
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.

-
-
-
3 379
trade
-
-
-
4 521
total
-
-
-
20 906
Employee

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

24 607
-
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.

112
-
678
-
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.

2 023
-
12 328
-
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.

3 379
-
3 379
-
total
5 514
-
16 385
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 893
54 500
-
-
income
4 484
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.

247
450
-
-
chamber of commerce
119
155
-
-
trade
4 290
7 821
-
-
total
9 140
16 601
-
-
Dividends
20 752
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.

275
511
-
-
withholding
5 000
9 287
-
-
total
5 275
9 798
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 929
26 399
16 385
20 906
After tax
34 571
28 101
38 115
33 594
Living cost
19 094
19 094
19 094
19 094
Free-cash
15 477
9 007
19 021
14 500

Estimated living cost  is ₴19094 per week

₴13171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2054
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3591
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9978
₴7750
₴7750
₴11069
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
13 625
social contributions
-
-
-
4 953
total
-
-
-
18 578
Employee
38 686
-
54 500
-
income
7 300
-
13 625
-
social contributions
3 214
-
4 953
-
total
10 514
-
18 578
-
Employer
38 686
-
54 500
-
total
-
-
-
-
Corporate
15 814
54 500
-
-
income
1 977
6 813
-
-
total
1 977
6 813
-
-
Dividends
13 838
47 687
-
-
withholding
2 768
9 537
-
-
total
2 768
9 537
-
-
Income
54 500
54 500
54 500
54 500
Total tax
15 259
16 350
18 578
18 578
After tax
39 241
38 150
35 922
35 922
Living cost
28 172
28 172
28 172
28 172
Free-cash
11 069
9 978
7 750
7 750

Estimated living cost  is ₴28172 per week

₴21433
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2296
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴269
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4175
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14859
₴22152
₴19441
₴16587
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
14 078
health

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

-
-
-
3 028
total
-
-
-
17 106
Employee
22 688
-
52 225
-
income
2 462
-
9 845
-
social contributions
2 273
-
2 275
-
total
4 735
-
12 120
-
Employer
22 688
-
52 225
-
social contributions
2 273
-
2 275
-
total
2 273
-
2 275
-
Corporate
29 539
54 500
-
-
income
10 339
19 075
-
-
total
10 339
19 075
-
-
Dividends
19 201
35 425
-
-
social contributions
2 613
2 613
-
-
total
2 613
2 613
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 960
21 688
14 395
17 106
After tax
34 540
32 812
40 105
37 394
Living cost
17 953
17 953
17 953
17 953
Free-cash
16 587
14 859
22 152
19 441

Estimated living cost  is ₴17953 per week

₴11825
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
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.
₴4436
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20892
₴15350
₴20313
₴19838
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 184
pensions
-
-
-
3 776
total
-
-
-
15 960
Employee
25 020
-
47 904
-
pensions
1 910
-
4 656
-
income
4 556
-
8 876
-
health
326
-
795
-
total
6 792
-
14 327
-
Employer
25 020
-
47 904
-
health
476
-
910
-
pensions
2 528
-
5 686
-
total
3 004
-
6 596
-
Corporate
26 477
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.

5 031
10 355
-
-
total
5 031
10 355
-
-
Dividends
21 446
44 145
-
-
withholding
1 608
5 026
-
-
total
1 608
5 026
-
-
Income
54 500
54 500
54 500
54 500
Total tax
16 435
15 381
20 923
15 960
After tax
38 065
39 119
33 577
38 540
Living cost
18 227
18 227
18 227
18 227
Free-cash
19 838
20 892
15 350
20 313

Estimated living cost  is ₴18227 per week

₴12504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1676
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴228
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7535
₴16464
₴25428
₴2583
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
127
income
-
-
-
13 628
other
-
-
-
186
health
-
-
-
1 094
pensions
-
-
-
2 087
total
-
-
-
17 122
Employee
18 798
-
47 035
-
pensions
2 117
-
3 827
-
income
2 579
-
9 409
-
health
2 152
-
5 386
-
total
6 848
-
18 622
-
Employer
18 798
-
47 035
-
pensions
3 056
-
5 527
-
accident
314
-
785
-
unemployment
460
-
1 152
-
total
3 830
-
7 464
-
Corporate
31 871
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.

28 684
49 050
-
-
total
28 684
49 050
-
-
Dividends
3 187
5 450
-
-
withholding
605
1 035
-
-
total
605
1 035
-
-
Income
54 500
54 500
54 500
54 500
Total tax
39 967
50 085
26 086
17 122
After tax
14 533
4 415
28 414
37 378
Living cost
11 950
11 950
11 950
11 950
Free-cash
2 583
-7 535
16 464
25 428

Estimated living cost  is ₴11950 per week

₴8770
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴696
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴241
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2243
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39192
₴28478
₴24349
₴37254
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 494
unemployment
-
-
-
654
work injury
-
-
-
272
health insurance
-
-
-
4 033
pensions
-
-
-
10 028
total
-
-
-
23 481
Employee

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

10 672
-
54 500
-
health insurance
790
-
2 922
-
unemployment
128
-
474
-
work injury
53
-
197
-
pensions
1 964
-
7 265
-
income
1 067
-
8 494
-
total
4 002
-
19 352
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 828
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
43 828
53 955
-
-
withholding
6 574
8 093
-
-
total
6 574
8 093
-
-
Income
54 500
54 500
54 500
54 500
Total tax
10 576
8 638
19 352
23 481
After tax
43 924
45 862
35 148
31 019
Living cost
6 670
6 670
6 670
6 670
Free-cash
37 254
39 192
28 478
24 349

Estimated living cost  is ₴6670 per week

₴4132
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴485
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴208
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1845
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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

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Rome , Italy
₴9005
₴4860
₴7351
₴6754
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 135
municipal
-
-
-
364
national
-
-
-
11 930
total
-
-
-
27 447
Employee
41 675
-
54 500
-
municipal
249
-
325
-
national
7 043
-
10 273
-
regional
629
-
963
-
social contributions
14 053
-
18 377
-
total
21 974
-
29 938
-
Employer
41 675
-
54 500
-
total
-
-
-
-
Corporate
12 825
54 500
-
-
municipal
618
2 627
-
-
nationa
3 078
13 080
-
-
total
3 696
15 707
-
-
Dividends
9 128
38 793
-
-
withholding
2 374
10 086
-
-
total
2 374
10 086
-
-
Income
54 500
54 500
54 500
54 500
Total tax
28 044
25 793
29 938
27 447
After tax
26 456
28 707
24 562
27 053
Living cost
19 702
19 702
19 702
19 702
Free-cash
6 754
9 005
4 860
7 351

Estimated living cost  is ₴19702 per week

₴13839
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1355
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴298
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4209
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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