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
₴17903
₴12357
₴23029
₴18117
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 912
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.

-
-
-
12 188
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.

-
-
-
3 425
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.

-
-
-
671
total
-
-
-
21 196
Employee

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

19 177
-
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
-
671
-
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.

3 425
-
3 425
-
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.

536
-
12 188
-
total
3 990
-
16 284
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 323
54 500
-
-
trade
5 563
8 583
-
-
income
5 299
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.

291
450
-
-
chamber of commerce
127
154
-
-
total
11 280
17 362
-
-
Dividends
24 043
37 137
-
-
withholding
5 820
9 094
-
-
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.

320
500
-
-
total
6 140
9 594
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 410
26 956
16 284
21 196
After tax
33 090
27 544
38 216
33 304
Living cost
15 187
15 187
15 187
15 187
Free-cash
17 903
12 357
23 029
18 117

Estimated living cost  is ₴15187 per week

₴9553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1771
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.
₴3579
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7885
₴8312
₴7512
₴7084
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
6 540
municipal
-
-
-
5 724
national
-
-
-
8 870
total
-
-
-
21 720
Employee
39 833
-
47 115
-
national
7 624
-
9 197
-
municipal
4 920
-
5 935
-
pensions
1 593
-
1 885
-
total
14 137
-
17 017
-
Employer
39 833
-
47 115
-
pensions
3 187
-
3 769
-
social contributions
428
-
506
-
total
3 615
-
4 275
-
Corporate
8 423
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%.

1 685
10 900
-
-
total
1 685
10 900
-
-
Dividends
6 739
43 600
-
-
withholding
1 482
9 592
-
-
total
1 482
9 592
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 919
20 492
21 292
21 720
After tax
33 581
34 008
33 208
32 780
Living cost
25 696
25 696
25 696
25 696
Free-cash
7 885
8 312
7 512
7 084

Estimated living cost  is ₴25696 per week

₴17465
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2389
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴385
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5457
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴29056
₴33169
₴20238
₴18613
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
social contributions

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

-
-
-
17 522
income
-
-
-
7 934
microenterprise
-
-
-
-
surtax
-
-
-
-
total
-
-
-
25 456
Employee
14 651
-
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.

1 612
-
4 832
-
income
2 608
-
8 419
-
total
4 220
-
13 251
-
Employer
14 651
-
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.

3 529
-
10 580
-
surtax
-
-
-
-
total
3 529
-
10 580
-
Corporate
36 320
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%.

7 264
10 900
-
-
total
7 264
10 900
-
-
Dividends

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

29 057
43 600
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
15 013
10 900
23 831
25 456
After tax
39 487
43 600
30 669
29 044
Living cost
10 431
10 431
10 431
10 431
Free-cash
29 056
33 169
20 238
18 613

Estimated living cost  is ₴10431 per week

₴6655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴993
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.
₴2546
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2404
₴5476
₴6699
₴9980
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 459
pensions
-
-
-
5 874
health
-
-
-
6 183
total
-
-
-
23 516
Employee
42 817
42 817
46 378
-
health
6 572
5 590
5 793
-
pensions
7 707
5 874
5 874
-
income

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

7 008
7 008
7 008
-
total
21 287
18 472
18 675
-
Employer
42 817
42 817
46 378
-
pensions
2 980
2 980
3 228
-
unemployment
1 541
1 541
1 670
-
health
2 976
2 976
3 224
-
total
7 497
7 497
8 122
-
Corporate
4 711
4 186
-
-
income
942
837
-
-
total
942
837
-
-
Dividends
3 769
3 348
-
-
withholding
565
502
-
-
income
801
712
-
-
total
1 366
1 214
-
-
Income
54 500
54 500
54 500
54 500
Total tax
31 092
28 020
26 797
23 516
After tax
23 408
26 480
27 703
30 984
Living cost
21 004
21 004
21 004
21 004
Free-cash
2 404
5 476
6 699
9 980

Estimated living cost  is ₴21004 per week

₴14885
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1893
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴334
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3892
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8685
₴9147
₴8494
₴8454
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 249
unemployment
-
-
-
45
pensions
-
-
-
4 883
municipal
-
-
-
12 350
accident
-
-
-
90
national
-
-
-
-
health
-
-
-
2 819
total
-
-
-
25 436
Employee
29 367
-
41 470
-
national
-
-
-
-
municipal
8 757
-
12 366
-
total
8 757
-
12 366
-
Employer
29 367
-
41 470
-
other
3 412
-
4 819
-
accident
59
-
83
-
pensions
3 175
-
4 483
-
unemployment
775
-
1 095
-
health
1 806
-
2 550
-
total
9 227
-
13 030
-
Corporate
15 906
54 500
-
-
income
3 499
11 990
-
-
total
3 499
11 990
-
-
Dividends
12 407
42 510
-
-
withholding
3 722
12 753
-
-
total
3 722
12 753
-
-
Income
54 500
54 500
54 500
54 500
Total tax
25 205
24 743
25 396
25 436
After tax
29 295
29 757
29 104
29 064
Living cost
20 610
20 610
20 610
20 610
Free-cash
8 685
9 147
8 494
8 454

Estimated living cost  is ₴20610 per week

₴13659
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2022
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴313
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4615
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14611
₴7566
₴18519
₴13389
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
5 130
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.

-
-
-
12 188
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.

-
-
-
3 425
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.

-
-
-
671
total
-
-
-
21 414
Employee

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

25 426
-
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.

120
-
671
-
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.

3 425
-
3 425
-
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.

2 185
-
12 188
-
total
5 730
-
16 284
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 074
54 500
-
-
trade
4 782
8 965
-
-
income
4 361
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.

240
450
-
-
chamber of commerce
117
153
-
-
total
9 500
17 743
-
-
Dividends
19 574
36 757
-
-
withholding
4 703
8 999
-
-
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.

259
495
-
-
total
4 962
9 494
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 192
27 237
16 284
21 414
After tax
34 308
27 263
38 216
33 086
Living cost
19 697
19 697
19 697
19 697
Free-cash
14 611
7 566
18 519
13 389

Estimated living cost  is ₴19697 per week

₴13173
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2077
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴294
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4152
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21527
₴23604
₴21749
₴22077
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 112
income
-
-
-
6 658
health
-
-
-
1 390
total
-
-
-
16 160
Employee
38 554
38 554
49 478
-
health
383
656
841
-
social contributions
1 873
3 200
4 107
-
income
4 049
3 569
6 518
-
total
6 305
7 425
11 466
-
Employer
38 554
38 554
49 478
-
social contributions
1 873
3 200
4 107
-
health
418
714
915
-
total
2 291
3 914
5 022
-
Corporate
29 641
12 032
-
-
income
3 705
1 504
-
-
total
3 705
1 504
-
-
Dividends
25 936
10 528
-
-
withholding
4 409
1 790
-
-
total
4 409
1 790
-
-
Income
54 500
54 500
54 500
54 500
Total tax
16 710
14 633
16 488
16 160
After tax
37 790
39 867
38 012
38 340
Living cost
16 263
16 263
16 263
16 263
Free-cash
21 527
23 604
21 749
22 077

Estimated living cost  is ₴16263 per week

₴11117
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1270
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.
₴3602
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21600
₴21407
₴22311
₴28470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

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

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

The minimum wage is 138,000 HUF per month.

13 402
5 334
45 607
-
unemployment
201
80
684
-
health
938
373
3 192
-
pensions
1 340
533
4 561
-
income
1 638
652
5 575
-
total
4 117
1 638
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.

13 402
5 334
45 607
-
pensions
2 613
1 040
8 893
-
total
2 613
1 040
8 893
-
Corporate
38 485
48 126
-
-
income
3 464
4 331
-
-
total
3 464
4 331
-
-
Dividends
35 021
43 795
-
-
withholding
6 654
8 321
-
-
social contributions
6 768
8 479
-
-
total
13 422
16 800
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 616
23 809
22 905
16 746
After tax
30 884
30 691
31 595
37 754
Living cost
9 284
9 284
9 284
9 284
Free-cash
21 600
21 407
22 311
28 470

Estimated living cost  is ₴9284 per week

₴6336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴760
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴186
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2003
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28377
₴31490
₴19303
₴17102
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
10 900
health
-
-
-
7 085
total
-
-
-
25 288
Employee
14 224
-
40 733
-
unemployment
227
-
652
-
pensions
284
-
814
-
income
1 601
-
7 854
-
total
2 112
-
9 320
-
Employer
14 224
-
40 733
-
pensions
2 845
-
8 147
-
unemployment
114
-
325
-
health
1 849
-
5 295
-
total
4 808
-
13 767
-
Corporate
35 469
54 500
-
-
income
7 093
10 900
-
-
total
7 093
10 900
-
-
Dividends
28 375
43 600
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
14 013
10 900
23 087
25 288
After tax
40 487
43 600
31 413
29 212
Living cost
12 110
12 110
12 110
12 110
Free-cash
28 377
31 490
19 303
17 102

Estimated living cost  is ₴12110 per week

₴8306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴721
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2839
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2687
-₴6856
₴17077
₴26115
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
13 547
pensions
-
-
-
2 132
accident
-
-
-
129
health
-
-
-
1 117
total
-
-
-
17 115
Employee
17 729
-
46 923
-
health
2 030
-
5 373
-
pensions
1 996
-
3 908
-
income
2 432
-
9 294
-
total
6 458
-
18 575
-
Employer
17 729
-
46 923
-
accident
296
-
784
-
pensions
2 883
-
5 644
-
unemployment
434
-
1 150
-
total
3 613
-
7 578
-
Corporate
33 158
54 500
-
-
income

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

29 842
49 050
-
-
total
29 842
49 050
-
-
Dividends
3 316
5 450
-
-
withholding
630
1 036
-
-
total
630
1 036
-
-
Income
54 500
54 500
54 500
54 500
Total tax
40 543
50 086
26 153
17 115
After tax
13 957
4 414
28 347
37 385
Living cost
11 270
11 270
11 270
11 270
Free-cash
2 687
-6 856
17 077
26 115

Estimated living cost  is ₴11270 per week

₴8260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴624
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.
₴2151
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴46906
₴47675
₴39500
₴49855
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 125
-
54 500
-
income
1 025
-
10 900
-
total
1 025
-
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%.

49 375
54 500
-
-
total
-
-
-
-
Dividends
49 375
54 500
-
-
withholding
2 469
2 725
-
-
total
2 469
2 725
-
-
Income
54 500
54 500
54 500
54 500
Total tax
3 494
2 725
10 900
545
After tax
51 006
51 775
43 600
53 955
Living cost
4 100
4 100
4 100
4 100
Free-cash
46 906
47 675
39 500
49 855

Estimated living cost  is ₴4100 per week

₴2541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴113
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23294
₴26681
₴18343
₴16086
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
2 589
income
-
-
-
6 987
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
health
-
-
-
2 398
total
-
-
-
25 054
Employee
18 205
-
43 529
-
unemployment
182
-
435
-
health
255
-
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.

1 274
-
3 047
-
income
3 134
-
7 738
-
total
4 845
-
11 829
-
Employer
18 205
-
43 529
-
other
911
-
2 176
-
accident
146
-
348
-
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.

3 095
-
7 400
-
unemployment
182
-
435
-
health
255
-
609
-
total
4 589
-
10 968
-
Corporate
31 707
54 500
-
-
income
6 658
11 445
-
-
total
6 658
11 445
-
-
Dividends
25 049
43 055
-
-
withholding
1 754
3 014
-
-
total
1 754
3 014
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 846
14 459
22 797
25 054
After tax
36 654
40 041
31 703
29 446
Living cost
13 360
13 360
13 360
13 360
Free-cash
23 294
26 681
18 343
16 086

Estimated living cost  is ₴13360 per week

₴9440
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴902
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴215
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2803
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴1221
₴6268
₴727
₴5683
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 172
pensions
-
-
-
3 781
total
-
-
-
15 953
Employee
46 497
-
47 905
-
health
766
-
795
-
pensions
4 486
-
4 655
-
income
8 382
-
8 865
-
total
13 634
-
14 315
-
Employer
46 497
-
47 905
-
pensions
5 490
-
5 684
-
health
883
-
910
-
total
6 373
-
6 594
-
Corporate
1 629
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.

310
10 355
-
-
total
310
10 355
-
-
Dividends
1 320
44 145
-
-
withholding
98
5 013
-
-
total
98
5 013
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 415
15 368
20 909
15 953
After tax
34 085
39 132
33 591
38 547
Living cost
32 864
32 864
32 864
32 864
Free-cash
1 221
6 268
727
5 683

Estimated living cost  is ₴32864 per week

₴24626
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3861
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.
₴4110
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴37696
₴40023
₴36846
₴35075
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
70
income
-
-
-
8 175
pensions

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

-
-
-
2 592
health
-
-
-
2 014
total
-
-
-
12 851
Employee
8 705
-
51 064
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
health
400
-
806
-
pensions

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

764
-
1 538
-
income
870
-
5 106
-
total
2 130
-
7 643
-
Employer
8 705
-
51 064
-
accident

We are using the highest rate at 1.1%.

96
-
193
-
pensions

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

959
-
1 930
-
unemployment
52
-
105
-
health
601
-
1 209
-
total
1 708
-
3 437
-
Corporate
44 086
54 500
-
-
income
4 408
5 450
-
-
total
4 408
5 450
-
-
Dividends
39 678
49 050
-
-
withholding
1 984
2 453
-
-
total
1 984
2 453
-
-
Income
54 500
54 500
54 500
54 500
Total tax
10 230
7 903
11 080
12 851
After tax
44 270
46 597
43 420
41 649
Living cost
6 574
6 574
6 574
6 574
Free-cash
37 696
40 023
36 846
35 075

Estimated living cost  is ₴6574 per week

₴3838
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴470
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴174
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2093
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴123
-₴1323
-₴100
₴3181
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 459
pensions
-
-
-
5 874
health
-
-
-
6 183
total
-
-
-
23 516
Employee
46 485
42 817
46 378
-
health
5 799
5 590
5 793
-
pensions
5 874
5 874
5 874
-
income

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

7 008
7 008
7 008
-
total
18 681
18 472
18 675
-
Employer
46 485
42 817
46 378
-
pensions
3 235
2 980
3 228
-
unemployment
1 674
1 541
1 670
-
health
3 230
2 976
3 224
-
total
8 139
7 497
8 122
-
Corporate
-
4 186
-
-
income
-
837
-
-
total
-
837
-
-
Dividends
-
3 348
-
-
withholding
-
502
-
-
income
-
712
-
-
total
-
1 214
-
-
Income
54 500
54 500
54 500
54 500
Total tax
26 820
28 020
26 797
23 516
After tax
27 680
26 480
27 703
30 984
Living cost
27 803
27 803
27 803
27 803
Free-cash
-123
-1 323
-100
3 181

Estimated living cost  is ₴27803 per week

₴20509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2483
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴319
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4492
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20642
₴25080
₴15213
₴14102
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 914
income
-
-
-
4 684
health
-
-
-
7 357
solidarity contribution
-
-
-
-
total
-
-
-
27 955
Employee
18 299
-
40 672
-
solidarity contribution
-
-
-
-
health
2 470
-
5 491
-
social contributions
1 189
-
2 644
-
income
2 196
-
4 881
-
total
5 855
-
13 016
-
Employer
18 299
-
40 672
-
social contributions
4 575
-
10 168
-
health
1 647
-
3 660
-
total
6 222
-
13 828
-
Corporate
29 979
54 500
-
-
income
5 696
10 355
-
-
total
5 696
10 355
-
-
Dividends
24 283
44 145
-
-
withholding
3 642
6 622
-
-
total
3 642
6 622
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 415
16 977
26 844
27 955
After tax
33 085
37 523
27 656
26 545
Living cost
12 443
12 443
12 443
12 443
Free-cash
20 642
25 080
15 213
14 102

Estimated living cost  is ₴12443 per week

₴8643
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴885
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.
₴2670
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5305
₴7920
₴3917
₴6511
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
609
social contributions
-
-
-
14 017
municipal
-
-
-
324
national
-
-
-
11 882
total
-
-
-
26 832
Employee
44 560
-
54 500
-
national
7 721
-
10 225
-
regional
420
-
534
-
municipal
236
-
289
-
social contributions
15 026
-
18 378
-
total
23 403
-
29 426
-
Employer
44 560
-
54 500
-
total
-
-
-
-
Corporate
9 940
54 500
-
-
nationa
2 385
13 080
-
-
municipal
387
2 126
-
-
total
2 772
15 206
-
-
Dividends
7 167
39 294
-
-
withholding
1 863
10 217
-
-
total
1 863
10 217
-
-
Income
54 500
54 500
54 500
54 500
Total tax
28 038
25 423
29 426
26 832
After tax
26 462
29 077
25 074
27 668
Living cost
21 157
21 157
21 157
21 157
Free-cash
5 305
7 920
3 917
6 511

Estimated living cost  is ₴21157 per week

₴14748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1387
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴324
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4697
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21656
₴23216
₴15467
₴16387
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
10 786
pensions
-
-
-
10 900
health
-
-
-
3 870
surtax
-
-
-
1 379
total
-
-
-
27 049
Employee
16 581
-
45 022
-
surtax
54
-
1 241
-
unemployment
1 154
-
3 133
-
other
-
-
-
-
health
423
-
1 147
-
pensions
1 106
-
3 003
-
income
2 779
-
9 967
-
total
5 516
-
18 491
-
Employer
16 581
-
45 022
-
other
-
-
-
-
pensions
2 210
-
6 002
-
unemployment
525
-
1 427
-
health
755
-
2 049
-
total
3 490
-
9 478
-
Corporate
34 429
54 500
-
-
income
8 952
14 170
-
-
total
8 952
14 170
-
-
Dividends
25 478
40 330
-
-
withholding
3 822
6 050
-
-
total
3 822
6 050
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 780
20 220
27 969
27 049
After tax
32 720
34 280
26 531
27 451
Living cost
11 064
11 064
11 064
11 064
Free-cash
21 656
23 216
15 467
16 387

Estimated living cost  is ₴11064 per week

₴6765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1021
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3023
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14516
₴16680
₴11139
₴16095
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 172
pensions
-
-
-
3 781
total
-
-
-
15 953
Employee
31 161
-
47 905
-
health
452
-
795
-
pensions
2 645
-
4 655
-
income
5 612
-
8 865
-
total
8 709
-
14 315
-
Employer
31 161
-
47 905
-
pensions
3 373
-
5 684
-
health
592
-
910
-
total
3 965
-
6 594
-
Corporate
19 373
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.

3 681
10 355
-
-
total
3 681
10 355
-
-
Dividends
15 693
44 145
-
-
withholding
1 177
5 013
-
-
total
1 177
5 013
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 532
15 368
20 909
15 953
After tax
36 968
39 132
33 591
38 547
Living cost
22 452
22 452
22 452
22 452
Free-cash
14 516
16 680
11 139
16 095

Estimated living cost  is ₴22452 per week

₴16821
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1683
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.
₴3713
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2249
-₴14705
₴3037
₴5742
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
city
-
-
-
574
regional
-
-
-
1 941
pensions
-
-
-
5 014
national
-
-
-
384
health
-
-
-
129
total
-
-
-
9 132
Employee
46 372
-
48 779
-
national
219
-
272
-
unemployment
-
-
-
-
city
498
-
524
-
regional
1 518
-
1 649
-
health
105
-
110
-
pensions
3 896
-
4 098
-
total
6 236
-
6 653
-
Employer
46 372
-
48 779
-
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.

927
-
976
-
pensions
3 896
-
4 098
-
unemployment
-
-
-
-
health
105
-
110
-
total
4 928
-
5 184
-
Corporate
2 690
54 500
-
-
regional
569
11 527
-
-
national
229
4 633
-
-
total
798
16 160
-
-
Dividends
1 892
38 340
-
-
withholding
663
13 419
-
-
total
663
13 419
-
-
Income
54 500
54 500
54 500
54 500
Total tax
12 625
29 579
11 837
9 132
After tax
41 875
24 921
42 663
45 368
Living cost
39 626
39 626
39 626
39 626
Free-cash
2 249
-14 705
3 037
5 742

Estimated living cost  is ₴39626 per week

₴25768
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3556
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴486
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9815
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴12146
₴4014
₴15247
₴9898
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
5 349
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.

-
-
-
12 188
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.

-
-
-
3 425
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.

-
-
-
671
total
-
-
-
21 633
Employee

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

30 133
-
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.

195
-
671
-
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.

3 425
-
3 425
-
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.

3 543
-
12 188
-
total
7 163
-
16 284
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
24 367
54 500
-
-
trade
4 179
9 346
-
-
income
3 655
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.

201
450
-
-
chamber of commerce
110
153
-
-
total
8 145
18 124
-
-
Dividends
16 223
36 375
-
-
withholding
3 865
8 903
-
-
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.

212
490
-
-
total
4 077
9 393
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 385
27 517
16 284
21 633
After tax
35 115
26 983
38 216
32 867
Living cost
22 969
22 969
22 969
22 969
Free-cash
12 146
4 014
15 247
9 898

Estimated living cost  is ₴22969 per week

₴16776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1837
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴299
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4058
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴13276
₴10314
₴16529
₴14105
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 690
social contributions
-
-
-
1 553
income
-
-
-
5 808
pensions
-
-
-
12 941
health
-
-
-
1 249
surtax
-
-
-
-
total
-
-
-
23 241
Employee
21 459
-
44 013
-
surtax
-
-
-
-
pensions
2 426
-
2 252
-
social contributions
612
-
1 254
-
income
1 266
-
6 824
-
total
4 304
-
10 330
-
Employer
21 459
-
44 013
-
other
740
-
1 519
-
pensions
3 525
-
3 937
-
unemployment
869
-
1 782
-
social contributions
65
-
132
-
health
1 502
-
3 117
-
total
6 701
-
10 487
-
Corporate
26 340
54 500
-
-
income
7 375
15 260
-
-
surtax
-
-
-
-
total
7 375
15 260
-
-
Dividends
18 965
39 240
-
-
withholding
2 427
5 023
-
-
social contributions
3 263
6 749
-
-
surtax
-
-
-
-
total
5 690
11 772
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 070
27 032
20 817
23 241
After tax
30 430
27 468
33 683
31 259
Living cost
17 154
17 154
17 154
17 154
Free-cash
13 276
10 314
16 529
14 105

Estimated living cost  is ₴17154 per week

₴10816
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴292
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4652
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14799
₴12013
₴18228
₴15804
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 690
social contributions
-
-
-
1 553
income
-
-
-
5 808
pensions
-
-
-
12 941
health
-
-
-
1 249
surtax
-
-
-
-
total
-
-
-
23 241
Employee
19 155
-
44 013
-
surtax
-
-
-
-
pensions
2 167
-
2 252
-
social contributions
546
-
1 254
-
income
988
-
6 824
-
total
3 701
-
10 330
-
Employer
19 155
-
44 013
-
other
661
-
1 519
-
pensions
3 147
-
3 937
-
unemployment
775
-
1 782
-
social contributions
57
-
132
-
health
1 341
-
3 117
-
total
5 981
-
10 487
-
Corporate
29 363
54 500
-
-
income
8 222
15 260
-
-
surtax
-
-
-
-
total
8 222
15 260
-
-
Dividends
21 141
39 240
-
-
withholding
2 706
5 023
-
-
social contributions
3 636
6 749
-
-
surtax
-
-
-
-
total
6 342
11 772
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 246
27 032
20 817
23 241
After tax
30 254
27 468
33 683
31 259
Living cost
15 455
15 455
15 455
15 455
Free-cash
14 799
12 013
18 228
15 804

Estimated living cost  is ₴15455 per week

₴8963
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1570
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴293
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4629
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22880
₴22618
₴24238
₴24368
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 521
income
-
-
-
8 175
health
-
-
-
3 804
total
-
-
-
19 500
Employee
17 000
-
54 500
-
health
1 186
-
3 804
-
social contributions
2 346
-
7 521
-
income
2 835
-
8 305
-
total
6 367
-
19 630
-
Employer
17 000
-
54 500
-
total
-
-
-
-
Corporate
37 500
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%.

1 875
2 725
-
-
total
1 875
2 725
-
-
Dividends
35 625
51 775
-
-
health
2 486
3 614
-
-
withholding
5 344
7 766
-
-
social contributions
4 916
7 145
-
-
total
12 746
18 525
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 988
21 250
19 630
19 500
After tax
33 512
33 250
34 870
35 000
Living cost
10 632
10 632
10 632
10 632
Free-cash
22 880
22 618
24 238
24 368

Estimated living cost  is ₴10632 per week

₴7115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴656
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.
₴2616
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12033
₴12810
-₴1693
₴9570
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
218
unemployment
-
-
-
3 075
income
-
-
-
9 619
pensions
-
-
-
10 083
health
-
-
-
4 169
surtax
-
-
-
99
total
-
-
-
27 263
Employee
25 057
19 981
42 243
-
unemployment
752
599
1 267
-
other
250
200
422
-
health
970
774
1 635
-
pensions
2 566
2 046
4 325
-
income
2 853
1 474
8 535
-
total
7 391
5 093
16 184
-
Employer
25 057
19 981
42 243
-
payroll
752
599
1 267
-
other
1 190
949
2 006
-
accident
325
260
549
-
pensions
3 145
2 508
5 302
-
unemployment
752
599
1 267
-
chamber of commerce
100
80
169
-
surtax
99
99
99
-
health
947
755
1 597
-
total
7 310
5 849
12 256
-
Corporate
22 134
28 669
40 341
-
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.

5 534
7 168
10 086
-
total
5 534
7 168
10 086
-
Dividends
16 600
21 502
-
-
withholding
4 565
5 913
-
-
total
4 565
5 913
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 800
24 023
38 526
27 263
After tax
29 700
30 477
15 974
27 237
Living cost
17 667
17 667
17 667
17 667
Free-cash
12 033
12 810
-1 693
9 570

Estimated living cost  is ₴17667 per week

₴11783
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1507
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.
₴4087
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴4749
₴12269
₴2704
₴6784
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 737
national
-
-
-
17 952
communal

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

-
-
-
2 746
total
-
-
-
29 435
Employee

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

35 865
-
42 210
-
national
11 026
-
13 508
-
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.

312
-
367
-
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.

1 685
-
1 984
-
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.

2 690
-
3 166
-
communal

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

1 871
-
2 202
-
total
17 584
-
21 227
-
Employer

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

35 865
-
42 210
-
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.

466
-
549
-
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.

3 178
-
3 739
-
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.

523
-
617
-
surtax
4 067
-
4 786
-
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.

2 206
-
2 597
-
total
10 440
-
12 288
-
Corporate
8 196
54 500
-
-
income
1 639
10 900
-
-
surtax
32
218
-
-
total
1 671
11 118
-
-
Dividends
6 524
43 382
-
-
withholding

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

1 775
12 832
-
-
total
1 775
12 832
-
-
Income
54 500
54 500
54 500
54 500
Total tax
31 470
23 950
33 515
29 435
After tax
23 030
30 550
20 985
25 065
Living cost
18 281
18 281
18 281
18 281
Free-cash
4 749
12 269
2 704
6 784

Estimated living cost  is ₴18281 per week

₴11776
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1598
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.
₴4621
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14609
₴18604
₴10365
₴11534
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
325
income
-
-
-
10 917
pensions
-
-
-
13 151
accident
-
-
-
419
total
-
-
-
24 859
Employee
24 958
-
41 325
-
unemployment
387
-
640
-
other
25
-
41
-
pensions
1 173
-
1 942
-
income
5 266
-
10 230
-
total
6 851
-
12 853
-
Employer
24 958
-
41 325
-
other
199
-
331
-
accident
494
-
818
-
pensions
5 890
-
9 753
-
unemployment
1 373
-
2 273
-
total
7 956
-
13 175
-
Corporate
21 587
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.

3 238
8 175
-
-
total
3 238
8 175
-
-
Dividends
18 349
46 325
-
-
withholding
3 739
9 614
-
-
total
3 739
9 614
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 784
17 789
26 028
24 859
After tax
32 716
36 711
28 472
29 641
Living cost
18 107
18 107
18 107
18 107
Free-cash
14 609
18 604
10 365
11 534

Estimated living cost  is ₴18107 per week

₴13334
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1284
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3227
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2325
₴5955
₴5646
₴3342
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 307
pensions
-
-
-
8 168
accident
-
-
-
460
communal
-
-
-
3 444
health
-
-
-
3 829
surtax
-
-
-
2 702
total
-
-
-
23 910
Employee
37 970
-
48 683
-
surtax
2 327
-
2 984
-
health
1 690
-
2 167
-
pensions
3 037
-
3 894
-
income
3 668
-
6 744
-
total
10 722
-
15 789
-
Employer
37 970
-
48 683
-
accident
342
-
438
-
pensions
3 037
-
3 894
-
health
1 158
-
1 485
-
total
4 537
-
5 817
-
Corporate
11 994
54 500
-
-
income
1 799
8 175
-
-
communal
-
3 678
-
-
surtax
126
572
-
-
total
1 925
12 425
-
-
Dividends
10 069
42 075
-
-
withholding
1 510
6 311
-
-
income
6 233
2 561
-
-
total
7 743
8 872
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 927
21 297
21 606
23 910
After tax
29 573
33 203
32 894
30 590
Living cost
27 248
27 248
27 248
27 248
Free-cash
2 325
5 955
5 646
3 342

Estimated living cost  is ₴27248 per week

₴20440
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1651
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.
₴4868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21423
₴23018
₴15269
₴16189
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
-
unemployment
-
-
-
114
income
-
-
-
10 786
pensions
-
-
-
10 900
health
-
-
-
3 870
surtax
-
-
-
1 379
total
-
-
-
27 049
Employee
16 885
-
45 022
-
surtax
60
-
1 241
-
unemployment
1 175
-
3 133
-
other
-
-
-
-
health
431
-
1 147
-
pensions
1 127
-
3 003
-
income
2 831
-
9 967
-
total
5 624
-
18 491
-
Employer
16 885
-
45 022
-
other
-
-
-
-
pensions
2 251
-
6 002
-
unemployment
536
-
1 427
-
health
768
-
2 049
-
total
3 555
-
9 478
-
Corporate
34 060
54 500
-
-
income
8 855
14 170
-
-
total
8 855
14 170
-
-
Dividends
25 205
40 330
-
-
withholding
3 781
6 050
-
-
total
3 781
6 050
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 815
20 220
27 969
27 049
After tax
32 685
34 280
26 531
27 451
Living cost
11 262
11 262
11 262
11 262
Free-cash
21 423
23 018
15 269
16 189

Estimated living cost  is ₴11262 per week

₴6799
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴979
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.
₴3223
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14028
₴15140
₴11369
₴13949
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
822
social contributions
-
-
-
14 017
municipal
-
-
-
324
national
-
-
-
11 882
total
-
-
-
27 045
Employee
27 813
-
54 500
-
national
4 406
-
10 225
-
regional
374
-
733
-
municipal
147
-
289
-
social contributions
9 379
-
18 378
-
total
14 306
-
29 625
-
Employer
27 813
-
54 500
-
total
-
-
-
-
Corporate
26 687
54 500
-
-
nationa
6 405
13 080
-
-
municipal
1 326
2 709
-
-
total
7 731
15 789
-
-
Dividends
18 955
38 711
-
-
withholding
4 929
10 065
-
-
total
4 929
10 065
-
-
Income
54 500
54 500
54 500
54 500
Total tax
26 966
25 854
29 625
27 045
After tax
27 534
28 646
24 875
27 455
Living cost
13 506
13 506
13 506
13 506
Free-cash
14 028
15 140
11 369
13 949

Estimated living cost  is ₴13506 per week

₴8400
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.
₴231
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3507
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16719
₴22189
₴12322
₴11211
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
15 914
income
-
-
-
4 684
health
-
-
-
7 357
solidarity contribution
-
-
-
-
total
-
-
-
27 955
Employee
22 549
-
40 672
-
solidarity contribution
-
-
-
-
health
3 044
-
5 491
-
social contributions
1 466
-
2 644
-
income
2 706
-
4 881
-
total
7 216
-
13 016
-
Employer
22 549
-
40 672
-
social contributions
5 637
-
10 168
-
health
2 029
-
3 660
-
total
7 666
-
13 828
-
Corporate
24 284
54 500
-
-
income
4 614
10 355
-
-
total
4 614
10 355
-
-
Dividends
19 670
44 145
-
-
withholding
2 951
6 622
-
-
total
2 951
6 622
-
-
Income
54 500
54 500
54 500
54 500
Total tax
22 447
16 977
26 844
27 955
After tax
32 053
37 523
27 656
26 545
Living cost
15 334
15 334
15 334
15 334
Free-cash
16 719
22 189
12 322
11 211

Estimated living cost  is ₴15334 per week

₴11403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴849
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴265
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2816
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14287
₴14536
-₴2
₴11340
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
chamber of commerce
-
-
-
218
unemployment
-
-
-
3 075
income
-
-
-
9 619
pensions
-
-
-
10 083
health
-
-
-
4 169
surtax
-
-
-
-
total
-
-
-
27 164
Employee
21 917
19 981
42 321
-
unemployment
657
599
1 269
-
other
219
200
423
-
health
848
774
1 637
-
pensions
2 245
2 046
4 334
-
income
1 952
1 474
8 561
-
total
5 921
5 093
16 224
-
Employer
21 917
19 981
42 321
-
payroll
657
599
1 269
-
other
1 041
949
2 010
-
accident
284
260
550
-
pensions
2 751
2 508
5 311
-
unemployment
657
599
1 269
-
chamber of commerce
88
80
169
-
surtax
-
-
-
-
health
829
755
1 599
-
total
6 307
5 750
12 177
-
Corporate
26 275
28 768
40 418
-
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.

6 569
7 192
10 105
-
total
6 569
7 192
10 105
-
Dividends
19 706
21 576
-
-
withholding
5 420
5 933
-
-
total
5 420
5 933
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 217
23 968
38 506
27 164
After tax
30 283
30 532
15 994
27 336
Living cost
15 996
15 996
15 996
15 996
Free-cash
14 287
14 536
-2
11 340

Estimated living cost  is ₴15996 per week

₴9596
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1634
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴285
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴44188
₴45386
₴37211
₴47566
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 987
-
54 500
-
income
1 597
-
10 900
-
total
1 597
-
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%.

46 513
54 500
-
-
total
-
-
-
-
Dividends
46 513
54 500
-
-
withholding
2 326
2 725
-
-
total
2 326
2 725
-
-
Income
54 500
54 500
54 500
54 500
Total tax
3 923
2 725
10 900
545
After tax
50 577
51 775
43 600
53 955
Living cost
6 389
6 389
6 389
6 389
Free-cash
44 188
45 386
37 211
47 566

Estimated living cost  is ₴6389 per week

₴4324
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴268
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴214
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1583
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19883
₴24076
₴12995
₴14557
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
82
income
-
-
-
11 097
pensions
-
-
-
9 953
health
-
-
-
5 363
total
-
-
-
26 495
Employee

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

22 172
-
47 157
-
unemployment
31
-
66
-
health
1 432
-
3 047
-
pensions
3 437
-
7 309
-
income
3 823
-
10 292
-
total
8 723
-
20 714
-
Employer

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

22 172
-
47 157
-
pensions
1 962
-
4 173
-
unemployment
13
-
29
-
health
1 477
-
3 141
-
total
3 452
-
7 343
-
Corporate
28 876
54 500
-
-
income
5 486
10 355
-
-
total
5 486
10 355
-
-
Dividends
23 390
44 145
-
-
withholding
3 508
6 621
-
-
total
3 508
6 621
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 169
16 976
28 057
26 495
After tax
33 331
37 524
26 443
28 005
Living cost
13 448
13 448
13 448
13 448
Free-cash
19 883
24 076
12 995
14 557

Estimated living cost  is ₴13448 per week

₴9229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3097
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴18986
₴11892
₴26751
₴16398
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
social contributions
-
-
-
6 213
income
-
-
-
10 623
total
-
-
-
16 836
Employee
30 492
-
-
-
social contributions
2 500
-
356
-
income
6 726
-
-
-
total
9 226
-
356
-
Employer
30 492
-
-
-
social contributions
42 994
-
6 127
-
total
42 994
-
6 127
-
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
52 220
21 342
6 483
16 836
After tax
2 280
33 158
48 017
37 664
Living cost
21 266
21 266
21 266
21 266
Free-cash
-18 986
11 892
26 751
16 398

Estimated living cost  is ₴21266 per week

₴13798
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2000
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴271
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5197
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14767
₴15273
₴11498
₴14544
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
54 500
social contributions

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

-
-
-
18 938
income
-
-
-
5 291
surtax
-
-
-
-
total
-
-
-
24 229
Employee
23 060
-
44 040
-
surtax
-
-
-
-
social contributions
2 537
-
4 844
-
income
4 797
-
11 971
-
total
7 334
-
16 815
-
Employer
23 060
-
44 040
-
social contributions
5 477
-
10 460
-
total
5 477
-
10 460
-
Corporate
25 963
54 500
-
-
income
5 452
11 445
-
-
surtax
-
-
-
-
total
5 452
11 445
-
-
Dividends
20 511
43 055
-
-
withholding
5 743
12 055
-
-
total
5 743
12 055
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 006
23 500
27 275
24 229
After tax
30 494
31 000
27 225
30 271
Living cost
15 727
15 727
15 727
15 727
Free-cash
14 767
15 273
11 498
14 544

Estimated living cost  is ₴15727 per week

₴11767
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴928
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴263
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2770
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6699
₴3252
₴9467
₴7043
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 690
social contributions
-
-
-
1 553
income
-
-
-
5 808
pensions
-
-
-
12 941
health
-
-
-
1 249
surtax
-
-
-
-
total
-
-
-
23 241
Employee
31 403
-
44 013
-
surtax
-
-
-
-
pensions
3 552
-
2 252
-
social contributions
894
-
1 254
-
income
2 740
-
6 824
-
total
7 186
-
10 330
-
Employer
31 403
-
44 013
-
other
1 084
-
1 519
-
pensions
5 160
-
3 937
-
unemployment
1 272
-
1 782
-
social contributions
94
-
132
-
health
2 198
-
3 117
-
total
9 808
-
10 487
-
Corporate
13 289
54 500
-
-
income
3 721
15 260
-
-
surtax
-
-
-
-
total
3 721
15 260
-
-
Dividends
9 568
39 240
-
-
withholding
1 225
5 023
-
-
social contributions
1 645
6 749
-
-
surtax
-
-
-
-
total
2 870
11 772
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 585
27 032
20 817
23 241
After tax
30 915
27 468
33 683
31 259
Living cost
24 216
24 216
24 216
24 216
Free-cash
6 699
3 252
9 467
7 043

Estimated living cost  is ₴24216 per week

₴16389
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1981
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴332
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5514
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32293
₴33978
₴27680
₴26232
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 206
social contributions
-
-
-
11 990
total
-
-
-
13 196
Employee
16 119
-
47 186
-
social contributions
1 048
-
3 068
-
income
-
-
1 367
-
total
1 048
-
4 435
-
Employer
16 119
-
47 186
-
social contributions
2 499
-
7 313
-
total
2 499
-
7 313
-
Corporate
35 882
54 500
-
-
income
3 588
5 450
-
-
total
3 588
5 450
-
-
Dividends
32 294
49 050
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
7 135
5 450
11 748
13 196
After tax
47 365
49 050
42 752
41 304
Living cost
15 072
15 072
15 072
15 072
Free-cash
32 293
33 978
27 680
26 232

Estimated living cost  is ₴15072 per week

₴9745
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1136
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.
₴3907
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴54597
-₴54597
-₴54597
₴9426
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
pensions
-
-
-
434
municipal
-
-
-
10 352
labour market
-
-
-
4 325
national
-
-
-
5 848
total
-
-
-
20 959
Employee
101 783
101 783
101 783
-
national
12 435
12 435
12 435
-
municipal
21 674
21 674
21 674
-
labour market
8 131
8 131
8 131
-
pensions
145
145
145
-
total
42 385
42 385
42 385
-
Employer
101 783
101 783
101 783
-
municipal
21 709
21 709
21 709
-
pensions
289
289
289
-
national
12 456
12 456
12 456
-
labour market
8 143
8 143
8 143
-
total
42 597
42 597
42 597
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
84 982
84 982
84 982
20 959
After tax
-30 482
-30 482
-30 482
33 541
Living cost
24 115
24 115
24 115
24 115
Free-cash
-54 597
-54 597
-54 597
9 426

Estimated living cost  is ₴24115 per week

₴16504
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2133
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴371
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5106
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴2712
-₴6690
₴17243
₴26281
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
13 547
pensions
-
-
-
2 132
accident
-
-
-
129
health
-
-
-
1 117
total
-
-
-
17 115
Employee
17 467
-
46 923
-
health
2 000
-
5 373
-
pensions
1 967
-
3 908
-
income
2 396
-
9 294
-
total
6 363
-
18 575
-
Employer
17 467
-
46 923
-
accident
292
-
784
-
pensions
2 840
-
5 644
-
unemployment
428
-
1 150
-
total
3 560
-
7 578
-
Corporate
33 473
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.

30 125
49 050
-
-
total
30 125
49 050
-
-
Dividends
3 347
5 450
-
-
withholding
636
1 036
-
-
total
636
1 036
-
-
Income
54 500
54 500
54 500
54 500
Total tax
40 684
50 086
26 153
17 115
After tax
13 816
4 414
28 347
37 385
Living cost
11 104
11 104
11 104
11 104
Free-cash
2 712
-6 690
17 243
26 281

Estimated living cost  is ₴11104 per week

₴8083
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴633
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.
₴2180
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16013
₴16654
₴11490
₴18962
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
municipal
-
-
-
9 697
national
-
-
-
5 961
health
-
-
-
630
total
-
-
-
16 288
Employee
26 379
-
45 849
-
national
436
-
3 347
-
unemployment
396
-
688
-
health
197
-
497
-
municipal
4 321
-
7 482
-
pensions
1 780
-
3 095
-
total
7 130
-
15 109
-
Employer
26 379
-
45 849
-
accident
27
-
46
-
pensions
4 577
-
7 954
-
unemployment
171
-
298
-
health
203
-
353
-
total
4 978
-
8 651
-
Corporate
23 144
54 500
-
-
income
4 629
10 900
-
-
total
4 629
10 900
-
-
Dividends

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

13 886
32 700
-
-
municipal
2 500
5 886
-
-
national
-
1 810
-
-
total
2 500
7 696
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 237
18 596
23 760
16 288
After tax
35 263
35 904
30 740
38 212
Living cost
19 250
19 250
19 250
19 250
Free-cash
16 013
16 654
11 490
18 962

Estimated living cost  is ₴19250 per week

₴12574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1852
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴306
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4519
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25531
₴28258
₴26403
₴26731
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
8 112
income
-
-
-
6 658
health
-
-
-
1 390
total
-
-
-
16 160
Employee
38 554
38 554
49 478
-
health
299
656
841
-
social contributions
1 458
3 200
4 107
-
income
4 198
3 569
6 518
-
total
5 955
7 425
11 466
-
Employer
38 554
38 554
49 478
-
social contributions
1 458
3 200
4 107
-
health
324
714
915
-
total
1 782
3 914
5 022
-
Corporate
35 155
12 032
-
-
income
4 394
1 504
-
-
total
4 394
1 504
-
-
Dividends
30 761
10 528
-
-
withholding
5 229
1 790
-
-
total
5 229
1 790
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 360
14 633
16 488
16 160
After tax
37 140
39 867
38 012
38 340
Living cost
11 609
11 609
11 609
11 609
Free-cash
25 531
28 258
26 403
26 731

Estimated living cost  is ₴11609 per week

₴6957
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1139
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.
₴3256
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34620
₴37171
₴26197
₴36256
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
14
income
-
-
-
5 266
pensions
-
-
-
3 189
health
-
-
-
1 814
total
-
-
-
10 283
Employee

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

11 509
-
49 600
-
unemployment
57
-
238
-
health
978
-
4 044
-
pensions
1 726
-
7 136
-
income
787
-
4 023
-
total
3 548
-
15 441
-
Employer

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

11 509
-
49 600
-
pensions
633
-
2 617
-
unemployment
57
-
238
-
health
495
-
2 046
-
total
1 185
-
4 901
-
Corporate
41 807
54 500
-
-
income
3 762
4 905
-
-
total
3 762
4 905
-
-
Dividends
38 045
49 595
-
-
withholding
3 424
4 463
-
-
total
3 424
4 463
-
-
Income
54 500
54 500
54 500
54 500
Total tax
11 919
9 368
20 342
10 283
After tax
42 581
45 132
34 158
44 217
Living cost
7 961
7 961
7 961
7 961
Free-cash
34 620
37 171
26 197
36 256

Estimated living cost  is ₴7961 per week

₴5079
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴574
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.
₴2070
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20294
₴22923
₴14684
₴15853
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
325
income
-
-
-
10 917
pensions
-
-
-
13 151
accident
-
-
-
419
total
-
-
-
24 859
Employee
18 539
-
41 325
-
unemployment
287
-
640
-
other
18
-
41
-
pensions
872
-
1 942
-
income
3 574
-
10 230
-
total
4 751
-
12 853
-
Employer
18 539
-
41 325
-
other
148
-
331
-
accident
367
-
818
-
pensions
4 375
-
9 753
-
unemployment
1 020
-
2 273
-
total
5 910
-
13 175
-
Corporate
30 050
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.

4 507
8 175
-
-
total
4 507
8 175
-
-
Dividends
25 543
46 325
-
-
withholding
5 250
9 614
-
-
total
5 250
9 614
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 418
17 789
26 028
24 859
After tax
34 082
36 711
28 472
29 641
Living cost
13 788
13 788
13 788
13 788
Free-cash
20 294
22 923
14 684
15 853

Estimated living cost  is ₴13788 per week

₴9306
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1325
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.
₴2914
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴32899
₴33056
₴33846
₴33915
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 436
pensions
-
-
-
694
health
-
-
-
503
total
-
-
-
19 633
Employee
1 450
-
53 719
-
unemployment
15
-
35
-
health
73
-
174
-
pensions
130
-
312
-
income
280
-
18 400
-
total
498
-
18 921
-
Employer
1 450
-
53 719
-
pensions
160
-
382
-
unemployment
29
-
69
-
health
138
-
330
-
total
327
-
781
-
Corporate
52 724
54 500
-
-
income
11 599
11 990
-
-
total
11 599
11 990
-
-
Dividends
41 124
42 510
-
-
withholding
8 225
8 502
-
-
total
8 225
8 502
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 649
20 492
19 702
19 633
After tax
33 851
34 008
34 798
34 867
Living cost
952
952
952
952
Free-cash
32 899
33 056
33 846
33 915

Estimated living cost  is ₴952 per week

₴566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴77
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.
₴287
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28258
₴30720
₴20715
₴20714
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
555
income
-
-
-
11 147
pensions
-
-
-
9 618
health
-
-
-
3 810
total
-
-
-
25 130
Employee

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

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

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

13 053
-
47 878
-
unemployment
98
-
277
-
health
672
-
1 905
-
pensions
1 827
-
5 179
-
income
1 799
-
11 147
-
total
4 396
-
18 508
-
Employer

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

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

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

13 053
-
47 878
-
pensions
1 566
-
4 439
-
unemployment
98
-
277
-
health
672
-
1 905
-
total
2 336
-
6 621
-
Corporate
39 110
54 500
-
-
income
5 867
8 175
-
-
total
5 867
8 175
-
-
Dividends
33 244
46 325
-
-
withholding
4 987
6 949
-
-
total
4 987
6 949
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 586
15 124
25 129
25 130
After tax
36 914
39 376
29 371
29 370
Living cost
8 656
8 656
8 656
8 656
Free-cash
28 258
30 720
20 715
20 714

Estimated living cost  is ₴8656 per week

₴5828
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴670
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1908
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17302
₴17483
₴13708
₴16754
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

-
-
-
54 500
social contributions

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

-
-
-
18 938
income
-
-
-
5 291
surtax
-
-
-
-
total
-
-
-
24 229
Employee
19 460
-
44 040
-
surtax
-
-
-
-
social contributions
2 141
-
4 844
-
income
3 802
-
11 971
-
total
5 943
-
16 815
-
Employer
19 460
-
44 040
-
social contributions
4 621
-
10 460
-
total
4 621
-
10 460
-
Corporate
30 419
54 500
-
-
income
6 388
11 445
-
-
surtax
-
-
-
-
total
6 388
11 445
-
-
Dividends
24 030
43 055
-
-
withholding
6 729
12 055
-
-
total
6 729
12 055
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 681
23 500
27 275
24 229
After tax
30 819
31 000
27 225
30 271
Living cost
13 517
13 517
13 517
13 517
Free-cash
17 302
17 483
13 708
16 754

Estimated living cost  is ₴13517 per week

₴9574
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴939
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.
₴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 Porto model

Close
Madrid , Spain
₴15266
₴19090
₴10851
₴12020
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
47
unemployment
-
-
-
325
income
-
-
-
10 917
pensions
-
-
-
13 151
accident
-
-
-
419
total
-
-
-
24 859
Employee
24 215
-
41 325
-
unemployment
375
-
640
-
other
24
-
41
-
pensions
1 138
-
1 942
-
income
5 058
-
10 230
-
total
6 595
-
12 853
-
Employer
24 215
-
41 325
-
other
194
-
331
-
accident
480
-
818
-
pensions
5 715
-
9 753
-
unemployment
1 332
-
2 273
-
total
7 721
-
13 175
-
Corporate
22 565
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.

3 384
8 175
-
-
total
3 384
8 175
-
-
Dividends
19 180
46 325
-
-
withholding
3 913
9 614
-
-
total
3 913
9 614
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 613
17 789
26 028
24 859
After tax
32 887
36 711
28 472
29 641
Living cost
17 621
17 621
17 621
17 621
Free-cash
15 266
19 090
10 851
12 020

Estimated living cost  is ₴17621 per week

₴12655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3348
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34915
₴37971
₴34794
₴33023
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
70
income
-
-
-
8 175
pensions

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

-
-
-
2 592
health
-
-
-
2 014
total
-
-
-
12 851
Employee
11 422
-
51 064
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
health
525
-
806
-
pensions

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

1 003
-
1 538
-
income
1 142
-
5 106
-
total
2 796
-
7 643
-
Employer
11 422
-
51 064
-
accident

We are using the highest rate at 1.1%.

126
-
193
-
pensions

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

1 259
-
1 930
-
unemployment
69
-
105
-
health
788
-
1 209
-
total
2 242
-
3 437
-
Corporate
40 837
54 500
-
-
income
4 083
5 450
-
-
total
4 083
5 450
-
-
Dividends
36 754
49 050
-
-
withholding
1 838
2 453
-
-
total
1 838
2 453
-
-
Income
54 500
54 500
54 500
54 500
Total tax
10 959
7 903
11 080
12 851
After tax
43 541
46 597
43 420
41 649
Living cost
8 626
8 626
8 626
8 626
Free-cash
34 915
37 971
34 794
33 023

Estimated living cost  is ₴8626 per week

₴5705
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴494
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2222
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15307
₴8746
₴18859
₴14383
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
trade
-
-
-
4 476
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.

-
-
-
12 188
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.

-
-
-
3 425
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.

-
-
-
671
total
-
-
-
20 760
Employee

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

24 947
-
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.

113
-
671
-
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.

3 425
-
3 425
-
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.

2 051
-
12 188
-
total
5 589
-
16 284
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 553
54 500
-
-
trade
4 241
7 821
-
-
income
4 433
8 175
-
-
surtax

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

244
450
-
-
chamber of commerce
120
156
-
-
total
9 038
16 602
-
-
Dividends
20 516
37 898
-
-
withholding
4 938
9 284
-
-
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.

271
511
-
-
total
5 209
9 795
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 836
26 397
16 284
20 760
After tax
34 664
28 103
38 216
33 740
Living cost
19 357
19 357
19 357
19 357
Free-cash
15 307
8 746
18 859
14 383

Estimated living cost  is ₴19357 per week

₴13353
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2083
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴281
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3640
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10696
₴9588
₴7487
₴7487
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
4 939
income
-
-
-
13 513
total
-
-
-
18 452
Employee
39 220
-
54 500
-
social contributions
3 258
-
4 939
-
income
7 401
-
13 513
-
total
10 659
-
18 452
-
Employer
39 220
-
54 500
-
total
-
-
-
-
Corporate
15 280
54 500
-
-
income
1 910
6 813
-
-
total
1 910
6 813
-
-
Dividends
13 371
47 687
-
-
withholding
2 674
9 538
-
-
total
2 674
9 538
-
-
Income
54 500
54 500
54 500
54 500
Total tax
15 243
16 351
18 452
18 452
After tax
39 257
38 149
36 048
36 048
Living cost
28 561
28 561
28 561
28 561
Free-cash
10 696
9 588
7 487
7 487

Estimated living cost  is ₴28561 per week

₴21729
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2327
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.
₴4232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16328
₴14575
₴21893
₴18972
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
54 500
health

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

-
-
-
3 055
income
-
-
-
14 272
total
-
-
-
17 327
Employee
23 001
-
52 194
-
social contributions
2 304
-
2 306
-
income
2 496
-
9 794
-
total
4 800
-
12 100
-
Employer
23 001
-
52 194
-
social contributions
2 304
-
2 306
-
total
2 304
-
2 306
-
Corporate
29 195
54 500
-
-
income
10 218
19 075
-
-
total
10 218
19 075
-
-
Dividends
18 977
35 425
-
-
social contributions
2 649
2 649
-
-
total
2 649
2 649
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 971
21 724
14 406
17 327
After tax
34 529
32 776
40 094
37 173
Living cost
18 201
18 201
18 201
18 201
Free-cash
16 328
14 575
21 893
18 972

Estimated living cost  is ₴18201 per week

₴11989
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1435
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴279
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4498
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴19808
₴20880
₴15338
₴20294
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 172
pensions
-
-
-
3 781
total
-
-
-
15 953
Employee
25 054
-
47 905
-
health
327
-
795
-
pensions
1 912
-
4 655
-
income
4 563
-
8 865
-
total
6 802
-
14 315
-
Employer
25 054
-
47 905
-
pensions
2 531
-
5 684
-
health
476
-
910
-
total
3 007
-
6 594
-
Corporate
26 438
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.

5 024
10 355
-
-
total
5 024
10 355
-
-
Dividends
21 415
44 145
-
-
withholding
1 606
5 013
-
-
total
1 606
5 013
-
-
Income
54 500
54 500
54 500
54 500
Total tax
16 439
15 368
20 909
15 953
After tax
38 061
39 132
33 591
38 547
Living cost
18 252
18 252
18 252
18 252
Free-cash
19 808
20 880
15 338
20 294

Estimated living cost  is ₴18252 per week

₴12521
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1678
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.
₴3823
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴2543
-₴7789
₴16144
₴25182
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
190
income
-
-
-
13 547
pensions
-
-
-
2 132
accident
-
-
-
129
health
-
-
-
1 117
total
-
-
-
17 115
Employee
19 197
-
46 923
-
health
2 198
-
5 373
-
pensions
2 162
-
3 908
-
income
2 634
-
9 294
-
total
6 994
-
18 575
-
Employer
19 197
-
46 923
-
accident
321
-
784
-
pensions
3 121
-
5 644
-
unemployment
470
-
1 150
-
total
3 912
-
7 578
-
Corporate
31 391
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.

28 252
49 050
-
-
total
28 252
49 050
-
-
Dividends
3 139
5 450
-
-
withholding
596
1 036
-
-
total
596
1 036
-
-
Income
54 500
54 500
54 500
54 500
Total tax
39 754
50 086
26 153
17 115
After tax
14 746
4 414
28 347
37 385
Living cost
12 203
12 203
12 203
12 203
Free-cash
2 543
-7 789
16 144
25 182

Estimated living cost  is ₴12203 per week

₴8956
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.
₴246
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2290
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37112
₴39087
₴28222
₴24264
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
unemployment
-
-
-
654
income
-
-
-
8 474
pensions
-
-
-
10 028
health insurance
-
-
-
4 033
work injury
-
-
-
272
total
-
-
-
23 461
Employee

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

10 839
-
54 500
-
health insurance
802
-
2 968
-
unemployment
130
-
481
-
work injury
54
-
201
-
pensions
1 994
-
7 379
-
income
1 084
-
8 474
-
total
4 064
-
19 503
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 661
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
43 661
53 955
-
-
withholding
6 549
8 093
-
-
total
6 549
8 093
-
-
Income
54 500
54 500
54 500
54 500
Total tax
10 613
8 638
19 503
23 461
After tax
43 887
45 862
34 997
31 039
Living cost
6 775
6 775
6 775
6 775
Free-cash
37 112
39 087
28 222
24 264

Estimated living cost  is ₴6775 per week

₴4197
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1874
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Skopje model

Close
Rome , Italy
₴6452
₴8733
₴4640
₴7134
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
regional
-
-
-
1 129
social contributions
-
-
-
14 017
municipal
-
-
-
364
national
-
-
-
11 882
total
-
-
-
27 392
Employee
42 250
-
54 500
-
national
7 140
-
10 225
-
regional
638
-
958
-
municipal
252
-
325
-
social contributions
14 247
-
18 378
-
total
22 277
-
29 886
-
Employer
42 250
-
54 500
-
total
-
-
-
-
Corporate
12 250
54 500
-
-
nationa
2 940
13 080
-
-
municipal
591
2 627
-
-
total
3 531
15 707
-
-
Dividends
8 719
38 793
-
-
withholding
2 266
10 086
-
-
total
2 266
10 086
-
-
Income
54 500
54 500
54 500
54 500
Total tax
28 074
25 793
29 886
27 392
After tax
26 426
28 707
24 614
27 108
Living cost
19 974
19 974
19 974
19 974
Free-cash
6 452
8 733
4 640
7 134

Estimated living cost  is ₴19974 per week

₴14031
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1374
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.
₴4267
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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