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
₴12467
₴23088
₴18149
₴17973
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
54 500
income

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

-
-
-
12 264
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.

-
-
-
674
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.

-
-
-
3 400
trade
-
-
-
4 939
total
-
-
-
21 277
Employee

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

19 035
-
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
-
674
-
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.

532
-
12 264
-
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.

3 400
-
3 400
-
total
3 961
-
16 338
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
35 465
54 500
-
-
income
5 320
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.

293
450
-
-
chamber of commerce
127
154
-
-
trade
5 585
8 584
-
-
total
11 325
17 363
-
-
Dividends
24 140
37 138
-
-
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.

321
501
-
-
withholding
5 846
9 095
-
-
total
6 167
9 596
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 453
26 959
16 338
21 277
After tax
33 047
27 541
38 162
33 223
Living cost
15 074
15 074
15 074
15 074
Free-cash
17 973
12 467
23 088
18 149

Estimated living cost  is ₴15074 per week

₴9482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1758
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.
₴3553
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

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
₴7511
₴6762
₴6334
₴7070
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
social contributions
-
-
-
586
municipal
-
-
-
5 704
national
-
-
-
8 839
pensions
-
-
-
6 540
total
-
-
-
21 669
Employee
41 075
-
47 115
-
municipal
5 073
-
5 915
-
pensions
1 643
-
1 885
-
national
7 862
-
9 166
-
total
14 578
-
16 966
-
Employer
41 075
-
47 115
-
pensions
3 286
-
3 769
-
social contributions
442
-
506
-
total
3 728
-
4 275
-
Corporate
6 987
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%.

1 397
10 900
-
-
total
1 397
10 900
-
-
Dividends
5 589
43 600
-
-
withholding
1 230
9 592
-
-
total
1 230
9 592
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 933
20 492
21 241
21 669
After tax
33 567
34 008
33 259
32 831
Living cost
26 497
26 497
26 497
26 497
Free-cash
7 070
7 511
6 762
6 334

Estimated living cost  is ₴26497 per week

₴18010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2463
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴397
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5628
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33246
₴20312
₴18686
₴29163
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
54 500
income
-
-
-
7 938
surtax
-
-
-
-
social contributions

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

-
-
-
17 522
microenterprise
-
-
-
-
total
-
-
-
25 460
Employee
14 542
-
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.

1 600
-
4 831
-
income
2 589
-
8 423
-
total
4 189
-
13 254
-
Employer
14 542
-
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.

3 503
-
10 580
-
surtax
-
-
-
-
total
3 503
-
10 580
-
Corporate
36 455
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%.

7 291
10 900
-
-
total
7 291
10 900
-
-
Dividends

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

29 164
43 600
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
14 983
10 900
23 834
25 460
After tax
39 517
43 600
30 666
29 040
Living cost
10 354
10 354
10 354
10 354
Free-cash
29 163
33 246
20 312
18 686

Estimated living cost  is ₴10354 per week

₴6605
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴986
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.
₴2527
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5641
₴6974
₴10156
₴2593
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 528
health
-
-
-
6 137
pensions
-
-
-
5 831
total
-
-
-
23 496
Employee
42 499
42 499
46 379
-
pensions
7 650
5 831
5 831
-
income

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

6 956
6 956
6 956
-
health
6 523
5 549
5 770
-
total
21 129
18 336
18 557
-
Employer
42 499
42 499
46 379
-
health
2 954
2 954
3 223
-
pensions
2 958
2 958
3 228
-
unemployment
1 530
1 530
1 670
-
total
7 442
7 442
8 121
-
Corporate
5 080
4 558
-
-
income
1 016
911
-
-
total
1 016
911
-
-
Dividends
4 064
3 647
-
-
income
863
775
-
-
withholding
609
547
-
-
total
1 472
1 322
-
-
Income
54 500
54 500
54 500
54 500
Total tax
31 059
28 011
26 678
23 496
After tax
23 441
26 489
27 822
31 004
Living cost
20 848
20 848
20 848
20 848
Free-cash
2 593
5 641
6 974
10 156

Estimated living cost  is ₴20848 per week

₴14775
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1879
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴331
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3863
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9876
₴9157
₴9361
₴9430
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
accident
-
-
-
87
other
-
-
-
5 063
unemployment
-
-
-
44
health
-
-
-
2 719
municipal
-
-
-
12 488
national
-
-
-
147
pensions
-
-
-
4 710
total
-
-
-
25 258
Employee
28 329
-
41 470
-
municipal
8 448
-
12 366
-
national
-
-
66
-
total
8 448
-
12 432
-
Employer
28 329
-
41 470
-
health
1 742
-
2 550
-
pensions
3 062
-
4 483
-
accident
57
-
83
-
unemployment
748
-
1 095
-
other
3 292
-
4 819
-
total
8 901
-
13 030
-
Corporate
17 270
54 500
-
-
income
3 799
11 990
-
-
total
3 799
11 990
-
-
Dividends
13 470
42 510
-
-
withholding
4 041
12 753
-
-
total
4 041
12 753
-
-
Income
54 500
54 500
54 500
54 500
Total tax
25 189
24 743
25 462
25 258
After tax
29 311
29 757
29 038
29 242
Living cost
19 881
19 881
19 881
19 881
Free-cash
9 430
9 876
9 157
9 361

Estimated living cost  is ₴19881 per week

₴13177
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1951
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.
₴4452
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴7711
₴18611
₴13452
₴14703
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
54 500
income

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

-
-
-
12 264
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.

-
-
-
674
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.

-
-
-
3 400
trade
-
-
-
5 159
total
-
-
-
21 497
Employee

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

25 238
-
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.

119
-
674
-
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.

2 168
-
12 264
-
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.

3 400
-
3 400
-
total
5 687
-
16 338
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 262
54 500
-
-
income
4 390
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.

242
450
-
-
chamber of commerce
117
153
-
-
trade
4 814
8 965
-
-
total
9 563
17 743
-
-
Dividends
19 700
36 757
-
-
surtax

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

261
495
-
-
withholding
4 735
9 000
-
-
total
4 996
9 495
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 246
27 238
16 338
21 497
After tax
34 254
27 262
38 162
33 003
Living cost
19 551
19 551
19 551
19 551
Free-cash
14 703
7 711
18 611
13 452

Estimated living cost  is ₴19551 per week

₴13076
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2062
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.
₴4121
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23724
₴21821
₴22189
₴21658
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
6 727
social contributions
-
-
-
8 052
health
-
-
-
1 390
total
-
-
-
16 169
Employee
38 269
38 269
49 478
-
social contributions
1 860
3 176
4 106
-
income
4 019
3 543
6 569
-
health
381
651
841
-
total
6 260
7 370
11 516
-
Employer
38 269
38 269
49 478
-
health
415
708
915
-
social contributions
1 860
3 176
4 106
-
total
2 275
3 884
5 021
-
Corporate
29 825
12 347
-
-
income
3 728
1 543
-
-
total
3 728
1 543
-
-
Dividends
26 097
10 804
-
-
withholding
4 437
1 837
-
-
total
4 437
1 837
-
-
Income
54 500
54 500
54 500
54 500
Total tax
16 700
14 634
16 537
16 169
After tax
37 800
39 866
37 963
38 331
Living cost
16 142
16 142
16 142
16 142
Free-cash
21 658
23 724
21 821
22 189

Estimated living cost  is ₴16142 per week

₴11035
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1261
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.
₴3576
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴21763
₴22675
₴28834
₴21948
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
6 663
unemployment
-
-
-
818
health
-
-
-
3 815
pensions
-
-
-
5 450
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.

12 876
5 124
45 607
-
unemployment
193
77
684
-
pensions
1 288
512
4 561
-
income
1 574
626
5 575
-
health
901
359
3 192
-
total
3 956
1 574
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.

12 876
5 124
45 607
-
pensions
2 511
999
8 893
-
total
2 511
999
8 893
-
Corporate
39 114
48 376
-
-
income
3 520
4 354
-
-
total
3 520
4 354
-
-
Dividends
35 593
44 023
-
-
social contributions
6 882
8 526
-
-
withholding
6 763
8 364
-
-
total
13 645
16 890
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 632
23 817
22 905
16 746
After tax
30 868
30 683
31 595
37 754
Living cost
8 920
8 920
8 920
8 920
Free-cash
21 948
21 763
22 675
28 834

Estimated living cost  is ₴8920 per week

₴6087
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴730
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴178
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1925
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴31579
₴19391
₴17191
₴28488
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
7 303
health
-
-
-
7 085
pensions
-
-
-
10 900
total
-
-
-
25 288
Employee
14 118
-
40 732
-
unemployment
226
-
652
-
pensions
282
-
815
-
income
1 589
-
7 853
-
total
2 097
-
9 320
-
Employer
14 118
-
40 732
-
health
1 835
-
5 295
-
pensions
2 824
-
8 147
-
unemployment
113
-
326
-
total
4 772
-
13 768
-
Corporate
35 610
54 500
-
-
income
7 122
10 900
-
-
total
7 122
10 900
-
-
Dividends
28 488
43 600
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
13 991
10 900
23 088
25 288
After tax
40 509
43 600
31 412
29 212
Living cost
12 021
12 021
12 021
12 021
Free-cash
28 488
31 579
19 391
17 191

Estimated living cost  is ₴12021 per week

₴8245
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴716
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.
₴2818
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6697
₴17282
₴26270
₴2710
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
accident
-
-
-
128
income
-
-
-
13 602
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
17 119
Employee
17 478
-
47 000
-
pensions
1 968
-
3 853
-
income
2 398
-
9 372
-
health
2 001
-
5 382
-
total
6 367
-
18 607
-
Employer
17 478
-
47 000
-
pensions
2 842
-
5 564
-
accident
292
-
785
-
unemployment
428
-
1 151
-
total
3 562
-
7 500
-
Corporate
33 460
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.

30 114
49 050
-
-
total
30 114
49 050
-
-
Dividends
3 346
5 450
-
-
withholding
636
1 036
-
-
total
636
1 036
-
-
Income
54 500
54 500
54 500
54 500
Total tax
40 679
50 086
26 107
17 119
After tax
13 821
4 414
28 393
37 381
Living cost
11 111
11 111
11 111
11 111
Free-cash
2 710
-6 697
17 282
26 270

Estimated living cost  is ₴11111 per week

₴8143
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴616
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴232
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2120
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴47765
₴39590
₴49945
₴47014
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
5 012
-
54 500
-
income
1 002
-
10 900
-
total
1 002
-
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%.

49 488
54 500
-
-
total
-
-
-
-
Dividends
49 488
54 500
-
-
withholding
2 474
2 725
-
-
total
2 474
2 725
-
-
Income
54 500
54 500
54 500
54 500
Total tax
3 476
2 725
10 900
545
After tax
51 024
51 775
43 600
53 955
Living cost
4 010
4 010
4 010
4 010
Free-cash
47 014
47 765
39 590
49 945

Estimated living cost  is ₴4010 per week

₴2485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴333
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴110
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1081
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴26780
₴18424
₴16170
₴23421
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
7 003
other
-
-
-
2 589
health
-
-
-
2 398
pensions

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

-
-
-
13 079
total
-
-
-
25 069
Employee
18 070
-
43 530
-
unemployment
180
-
435
-
pensions

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

1 265
-
3 048
-
income
3 111
-
7 754
-
health
253
-
609
-
total
4 809
-
11 846
-
Employer
18 070
-
43 530
-
health
253
-
609
-
pensions

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

3 072
-
7 401
-
accident
144
-
348
-
unemployment
180
-
435
-
other
904
-
2 176
-
total
4 553
-
10 969
-
Corporate
31 876
54 500
-
-
income
6 694
11 445
-
-
total
6 694
11 445
-
-
Dividends
25 182
43 055
-
-
withholding
1 762
3 014
-
-
total
1 762
3 014
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 818
14 459
22 815
25 069
After tax
36 682
40 041
31 685
29 431
Living cost
13 261
13 261
13 261
13 261
Free-cash
23 421
26 780
18 424
16 170

Estimated living cost  is ₴13261 per week

₴9370
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴895
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2782
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴5994
₴451
₴5376
₴759
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 064
pensions
-
-
-
3 812
total
-
-
-
15 876
Employee
47 041
-
47 914
-
pensions
4 538
-
4 643
-
income
8 480
-
8 780
-
health
775
-
793
-
total
13 793
-
14 216
-
Employer
47 041
-
47 914
-
health
893
-
910
-
pensions
5 554
-
5 675
-
total
6 447
-
6 585
-
Corporate
1 011
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.

192
10 355
-
-
total
192
10 355
-
-
Dividends
819
44 145
-
-
withholding
61
4 903
-
-
total
61
4 903
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 493
15 258
20 801
15 876
After tax
34 007
39 242
33 699
38 624
Living cost
33 248
33 248
33 248
33 248
Free-cash
759
5 994
451
5 376

Estimated living cost  is ₴33248 per week

₴24914
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3906
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴270
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4158
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

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
₴40074
₴36942
₴35160
₴37762
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
8 175
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
12 816
Employee
8 638
-
51 090
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
pensions

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

758
-
1 526
-
income
864
-
5 109
-
health
397
-
799
-
total
2 114
-
7 625
-
Employer
8 638
-
51 090
-
health
596
-
1 199
-
pensions

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

952
-
1 915
-
accident

We are using the highest rate at 1.1%.

95
-
191
-
unemployment
52
-
104
-
total
1 695
-
3 409
-
Corporate
44 167
54 500
-
-
income
4 417
5 450
-
-
total
4 417
5 450
-
-
Dividends
39 750
49 050
-
-
withholding
1 988
2 452
-
-
total
1 988
2 452
-
-
Income
54 500
54 500
54 500
54 500
Total tax
10 214
7 902
11 034
12 816
After tax
44 286
46 598
43 466
41 684
Living cost
6 524
6 524
6 524
6 524
Free-cash
37 762
40 074
36 942
35 160

Estimated living cost  is ₴6524 per week

₴3809
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴466
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴173
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2076
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴1108
₴225
₴3407
₴144
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
11 528
health
-
-
-
6 137
pensions
-
-
-
5 831
total
-
-
-
23 496
Employee
46 141
42 499
46 379
-
pensions
5 831
5 831
5 831
-
income

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

6 956
6 956
6 956
-
health
5 756
5 549
5 770
-
total
18 543
18 336
18 557
-
Employer
46 141
42 499
46 379
-
health
3 206
2 954
3 223
-
pensions
3 211
2 958
3 228
-
unemployment
1 661
1 530
1 670
-
total
8 078
7 442
8 121
-
Corporate
281
4 558
-
-
income
56
911
-
-
total
56
911
-
-
Dividends
225
3 647
-
-
income
48
775
-
-
withholding
34
547
-
-
total
82
1 322
-
-
Income
54 500
54 500
54 500
54 500
Total tax
26 759
28 011
26 678
23 496
After tax
27 741
26 489
27 822
31 004
Living cost
27 597
27 597
27 597
27 597
Free-cash
144
-1 108
225
3 407

Estimated living cost  is ₴27597 per week

₴20357
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2465
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴316
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4459
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴25318
₴15451
₴14339
₴20964
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
4 684
social contributions
-
-
-
15 914
solidarity contribution
-
-
-
-
health
-
-
-
7 358
total
-
-
-
27 956
Employee
17 948
-
40 672
-
solidarity contribution
-
-
-
-
social contributions
1 167
-
2 644
-
income
2 154
-
4 881
-
health
2 423
-
5 491
-
total
5 744
-
13 016
-
Employer
17 948
-
40 672
-
health
1 615
-
3 660
-
social contributions
4 487
-
10 168
-
total
6 102
-
13 828
-
Corporate
30 449
54 500
-
-
income
5 785
10 355
-
-
total
5 785
10 355
-
-
Dividends
24 664
44 145
-
-
withholding
3 700
6 622
-
-
total
3 700
6 622
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 331
16 977
26 844
27 956
After tax
33 169
37 523
27 656
26 544
Living cost
12 205
12 205
12 205
12 205
Free-cash
20 964
25 318
15 451
14 339

Estimated living cost  is ₴12205 per week

₴8478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴868
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴240
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2619
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8078
₴4048
₴6641
₴5481
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
social contributions
-
-
-
14 017
regional
-
-
-
610
municipal
-
-
-
324
national
-
-
-
11 908
total
-
-
-
26 859
Employee
44 230
-
54 500
-
municipal
234
-
289
-
national
7 664
-
10 251
-
regional
417
-
534
-
social contributions
14 914
-
18 378
-
total
23 229
-
29 452
-
Employer
44 230
-
54 500
-
total
-
-
-
-
Corporate
10 270
54 500
-
-
municipal
400
2 126
-
-
nationa
2 465
13 080
-
-
total
2 865
15 206
-
-
Dividends
7 404
39 294
-
-
withholding
1 925
10 216
-
-
total
1 925
10 216
-
-
Income
54 500
54 500
54 500
54 500
Total tax
28 019
25 422
29 452
26 859
After tax
26 481
29 078
25 048
27 641
Living cost
21 000
21 000
21 000
21 000
Free-cash
5 481
8 078
4 048
6 641

Estimated living cost  is ₴21000 per week

₴14639
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1377
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴322
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4662
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23299
₴15511
₴16407
₴21750
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
10 839
other
-
-
-
-
surtax
-
-
-
1 390
unemployment
-
-
-
113
health
-
-
-
3 869
pensions
-
-
-
10 900
total
-
-
-
27 111
Employee
16 458
-
45 023
-
other
-
-
-
-
unemployment
1 146
-
3 134
-
pensions
1 097
-
3 003
-
surtax
54
-
1 249
-
income
2 759
-
9 996
-
health
420
-
1 148
-
total
5 476
-
18 530
-
Employer
16 458
-
45 023
-
health
749
-
2 048
-
pensions
2 194
-
6 002
-
unemployment
521
-
1 427
-
other
-
-
-
-
total
3 464
-
9 477
-
Corporate
34 578
54 500
-
-
income
8 990
14 170
-
-
total
8 990
14 170
-
-
Dividends
25 588
40 330
-
-
withholding
3 838
6 049
-
-
total
3 838
6 049
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 768
20 219
28 007
27 111
After tax
32 732
34 281
26 493
27 389
Living cost
10 982
10 982
10 982
10 982
Free-cash
21 750
23 299
15 511
16 407

Estimated living cost  is ₴10982 per week

₴6715
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1013
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3000
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16528
₴10985
₴15910
₴14207
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 064
pensions
-
-
-
3 812
total
-
-
-
15 876
Employee
31 526
-
47 914
-
pensions
2 676
-
4 643
-
income
5 678
-
8 780
-
health
458
-
793
-
total
8 812
-
14 216
-
Employer
31 526
-
47 914
-
health
599
-
910
-
pensions
3 413
-
5 675
-
total
4 012
-
6 585
-
Corporate
18 963
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.

3 603
10 355
-
-
total
3 603
10 355
-
-
Dividends
15 359
44 145
-
-
withholding
1 152
4 903
-
-
total
1 152
4 903
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 579
15 258
20 801
15 876
After tax
36 921
39 242
33 699
38 624
Living cost
22 714
22 714
22 714
22 714
Free-cash
14 207
16 528
10 985
15 910

Estimated living cost  is ₴22714 per week

₴17017
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1703
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3756
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴14373
₴3353
₴6055
₴2440
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

-
-
-
1 090
regional
-
-
-
1 953
health
-
-
-
128
city
-
-
-
574
national
-
-
-
391
pensions
-
-
-
5 014
total
-
-
-
9 150
Employee
45 985
-
48 780
-
unemployment
-
-
-
-
pensions
3 863
-
4 098
-
national
218
-
279
-
regional
1 506
-
1 657
-
city
494
-
524
-
health
104
-
110
-
total
6 185
-
6 668
-
Employer
45 985
-
48 780
-
health
104
-
110
-
pensions
3 863
-
4 098
-
unemployment
-
-
-
-
other

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

919
-
976
-
total
4 886
-
5 184
-
Corporate
3 122
54 500
-
-
regional
660
11 527
-
-
national
265
4 632
-
-
total
925
16 159
-
-
Dividends
2 197
38 341
-
-
withholding
769
13 419
-
-
total
769
13 419
-
-
Income
54 500
54 500
54 500
54 500
Total tax
12 765
29 578
11 852
9 150
After tax
41 735
24 922
42 648
45 350
Living cost
39 295
39 295
39 295
39 295
Free-cash
2 440
-14 373
3 353
6 055

Estimated living cost  is ₴39295 per week

₴25553
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴3526
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴482
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴9733
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
₴4182
₴15363
₴9984
₴12254
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
54 500
income

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

-
-
-
12 264
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.

-
-
-
674
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.

-
-
-
3 400
trade
-
-
-
5 379
total
-
-
-
21 717
Employee

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

29 909
-
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.

194
-
674
-
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.

3 517
-
12 264
-
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.

3 400
-
3 400
-
total
7 111
-
16 338
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
24 591
54 500
-
-
income
3 689
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.

203
450
-
-
chamber of commerce
110
152
-
-
trade
4 217
9 347
-
-
total
8 219
18 124
-
-
Dividends
16 371
36 376
-
-
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.

214
490
-
-
withholding
3 903
8 905
-
-
total
4 117
9 395
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 447
27 519
16 338
21 717
After tax
35 053
26 981
38 162
32 783
Living cost
22 799
22 799
22 799
22 799
Free-cash
12 254
4 182
15 363
9 984

Estimated living cost  is ₴22799 per week

₴16651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1824
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴297
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4028
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴10442
₴16585
₴14223
₴13381
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 860
other
-
-
-
1 690
surtax
-
-
-
-
social contributions
-
-
-
1 553
health
-
-
-
1 269
pensions
-
-
-
12 878
total
-
-
-
23 250
Employee
21 300
-
43 981
-
pensions
2 408
-
2 265
-
surtax
-
-
-
-
social contributions
607
-
1 253
-
income
1 257
-
6 851
-
total
4 272
-
10 369
-
Employer
21 300
-
43 981
-
health
1 491
-
3 131
-
pensions
3 499
-
3 957
-
unemployment
862
-
1 781
-
social contributions
64
-
132
-
other
735
-
1 518
-
total
6 651
-
10 519
-
Corporate
26 549
54 500
-
-
income
7 434
15 260
-
-
surtax
-
-
-
-
total
7 434
15 260
-
-
Dividends
19 115
39 240
-
-
surtax
-
-
-
-
social contributions
3 288
6 749
-
-
withholding
2 447
5 022
-
-
total
5 735
11 771
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 092
27 031
20 888
23 250
After tax
30 408
27 469
33 612
31 250
Living cost
17 027
17 027
17 027
17 027
Free-cash
13 381
10 442
16 585
14 223

Estimated living cost  is ₴17027 per week

₴10736
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1385
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.
₴4617
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12129
₴18272
₴15910
₴14893
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 860
other
-
-
-
1 690
surtax
-
-
-
-
social contributions
-
-
-
1 553
health
-
-
-
1 269
pensions
-
-
-
12 878
total
-
-
-
23 250
Employee
19 013
-
43 981
-
pensions
2 150
-
2 265
-
surtax
-
-
-
-
social contributions
542
-
1 253
-
income
980
-
6 851
-
total
3 672
-
10 369
-
Employer
19 013
-
43 981
-
health
1 331
-
3 131
-
pensions
3 124
-
3 957
-
unemployment
770
-
1 781
-
social contributions
57
-
132
-
other
656
-
1 518
-
total
5 938
-
10 519
-
Corporate
29 549
54 500
-
-
income
8 274
15 260
-
-
surtax
-
-
-
-
total
8 274
15 260
-
-
Dividends
21 275
39 240
-
-
surtax
-
-
-
-
social contributions
3 660
6 749
-
-
withholding
2 723
5 022
-
-
total
6 383
11 771
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 267
27 031
20 888
23 250
After tax
30 233
27 469
33 612
31 250
Living cost
15 340
15 340
15 340
15 340
Free-cash
14 893
12 129
18 272
15 910

Estimated living cost  is ₴15340 per week

₴8897
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1558
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴291
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4595
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22697
₴24298
₴24447
₴22955
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
8 175
social contributions
-
-
-
7 521
health
-
-
-
3 804
total
-
-
-
19 500
Employee
16 874
-
54 500
-
social contributions
2 329
-
7 521
-
income
2 814
-
8 324
-
health
1 178
-
3 804
-
total
6 321
-
19 649
-
Employer
16 874
-
54 500
-
total
-
-
-
-
Corporate
37 626
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%.

1 881
2 725
-
-
total
1 881
2 725
-
-
Dividends
35 745
51 775
-
-
social contributions
4 933
7 145
-
-
withholding
5 362
7 766
-
-
health
2 495
3 614
-
-
total
12 790
18 525
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 992
21 250
19 649
19 500
After tax
33 508
33 250
34 851
35 000
Living cost
10 553
10 553
10 553
10 553
Free-cash
22 955
22 697
24 298
24 447

Estimated living cost  is ₴10553 per week

₴7062
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴651
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2596
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12934
-₴1607
₴9671
₴12169
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
9 672
surtax
-
-
-
98
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
218
health
-
-
-
4 170
pensions
-
-
-
10 083
total
-
-
-
27 293
Employee
24 872
19 833
42 244
-
other
248
198
422
-
unemployment
746
595
1 267
-
pensions
2 547
2 031
4 325
-
income
2 831
1 463
8 579
-
health
962
768
1 635
-
total
7 334
5 055
16 228
-
Employer
24 872
19 833
42 244
-
chamber of commerce
99
79
169
-
health
940
750
1 597
-
pensions
3 121
2 490
5 302
-
accident
323
258
549
-
unemployment
746
595
1 267
-
surtax
98
98
98
-
payroll
746
595
1 267
-
other
1 181
942
2 006
-
total
7 254
5 807
12 255
-
Corporate
22 373
28 861
40 355
-
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.

5 593
7 215
10 088
-
total
5 593
7 215
10 088
-
Dividends
16 780
21 645
-
-
withholding
4 614
5 953
-
-
total
4 614
5 953
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 795
24 030
38 571
27 293
After tax
29 705
30 470
15 929
27 207
Living cost
17 536
17 536
17 536
17 536
Free-cash
12 169
12 934
-1 607
9 671

Estimated living cost  is ₴17536 per week

₴11696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1496
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.
₴4056
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴12403
₴2818
₴6873
₴4938
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
communal

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

-
-
-
2 745
social contributions
-
-
-
8 758
national
-
-
-
17 978
total
-
-
-
29 481
Employee

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

35 599
-
42 213
-
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.

310
-
367
-
communal

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

1 857
-
2 201
-
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.

2 670
-
3 166
-
national
10 945
-
13 531
-
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.

1 673
-
1 984
-
total
17 455
-
21 249
-
Employer

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

35 599
-
42 213
-
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.

2 189
-
2 595
-
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.

3 154
-
3 740
-
accident

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

463
-
549
-
unemployment

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

519
-
617
-
surtax
4 036
-
4 786
-
total
10 361
-
12 287
-
Corporate
8 539
54 500
-
-
income
1 708
10 900
-
-
surtax
34
218
-
-
total
1 742
11 118
-
-
Dividends
6 797
43 382
-
-
withholding

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

1 858
12 833
-
-
total
1 858
12 833
-
-
Income
54 500
54 500
54 500
54 500
Total tax
31 416
23 951
33 536
29 481
After tax
23 084
30 549
20 964
25 019
Living cost
18 146
18 146
18 146
18 146
Free-cash
4 938
12 403
2 818
6 873

Estimated living cost  is ₴18146 per week

₴11688
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
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.
₴4587
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴18737
₴10469
₴11703
₴14774
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
accident
-
-
-
416
income
-
-
-
10 985
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
24 824
Employee
24 773
-
41 324
-
other
25
-
42
-
unemployment
384
-
640
-
pensions
1 164
-
1 943
-
income
5 227
-
10 259
-
total
6 800
-
12 884
-
Employer
24 773
-
41 324
-
pensions
5 846
-
9 752
-
accident
490
-
818
-
unemployment
1 363
-
2 273
-
other
197
-
331
-
total
7 896
-
13 174
-
Corporate
21 831
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.

3 274
8 175
-
-
total
3 274
8 175
-
-
Dividends
18 556
46 325
-
-
withholding
3 783
9 615
-
-
total
3 783
9 615
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 753
17 790
26 058
24 824
After tax
32 747
36 710
28 442
29 676
Living cost
17 973
17 973
17 973
17 973
Free-cash
14 774
18 737
10 469
11 703

Estimated living cost  is ₴17973 per week

₴13235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1275
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴6143
₴5777
₴3486
₴2522
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
communal
-
-
-
3 444
accident
-
-
-
460
income
-
-
-
5 364
surtax
-
-
-
2 702
health
-
-
-
3 829
pensions
-
-
-
8 169
total
-
-
-
23 968
Employee
37 688
-
48 682
-
pensions
3 015
-
3 895
-
surtax
2 310
-
2 983
-
income
3 640
-
6 814
-
health
1 677
-
2 167
-
total
10 642
-
15 859
-
Employer
37 688
-
48 682
-
health
1 149
-
1 485
-
pensions
3 015
-
3 895
-
accident
339
-
438
-
total
4 503
-
5 818
-
Corporate
12 308
54 500
-
-
communal
-
3 679
-
-
income
1 846
8 175
-
-
surtax
129
572
-
-
total
1 975
12 426
-
-
Dividends
10 333
42 074
-
-
income
6 262
2 574
-
-
withholding
1 550
6 311
-
-
total
7 812
8 885
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 932
21 311
21 677
23 968
After tax
29 568
33 189
32 823
30 532
Living cost
27 046
27 046
27 046
27 046
Free-cash
2 522
6 143
5 777
3 486

Estimated living cost  is ₴27046 per week

₴20288
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1639
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.
₴4832
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23103
₴15315
₴16211
₴21519
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
10 839
other
-
-
-
-
surtax
-
-
-
1 390
unemployment
-
-
-
113
health
-
-
-
3 869
pensions
-
-
-
10 900
total
-
-
-
27 111
Employee
16 760
-
45 023
-
other
-
-
-
-
unemployment
1 166
-
3 134
-
pensions
1 118
-
3 003
-
surtax
59
-
1 249
-
income
2 810
-
9 996
-
health
428
-
1 148
-
total
5 581
-
18 530
-
Employer
16 760
-
45 023
-
health
762
-
2 048
-
pensions
2 235
-
6 002
-
unemployment
532
-
1 427
-
other
-
-
-
-
total
3 529
-
9 477
-
Corporate
34 212
54 500
-
-
income
8 895
14 170
-
-
total
8 895
14 170
-
-
Dividends
25 317
40 330
-
-
withholding
3 798
6 049
-
-
total
3 798
6 049
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 803
20 219
28 007
27 111
After tax
32 697
34 281
26 493
27 389
Living cost
11 178
11 178
11 178
11 178
Free-cash
21 519
23 103
15 315
16 211

Estimated living cost  is ₴11178 per week

₴6749
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴972
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3199
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15240
₴11443
₴14023
₴14136
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
social contributions
-
-
-
14 017
regional
-
-
-
822
municipal
-
-
-
324
national
-
-
-
11 908
total
-
-
-
27 071
Employee
27 607
-
54 500
-
municipal
146
-
289
-
national
4 374
-
10 251
-
regional
372
-
733
-
social contributions
9 309
-
18 378
-
total
14 201
-
29 651
-
Employer
27 607
-
54 500
-
total
-
-
-
-
Corporate
26 893
54 500
-
-
municipal
1 336
2 709
-
-
nationa
6 454
13 080
-
-
total
7 790
15 789
-
-
Dividends
19 103
38 711
-
-
withholding
4 967
10 065
-
-
total
4 967
10 065
-
-
Income
54 500
54 500
54 500
54 500
Total tax
26 958
25 854
29 651
27 071
After tax
27 542
28 646
24 849
27 429
Living cost
13 406
13 406
13 406
13 406
Free-cash
14 136
15 240
11 443
14 023

Estimated living cost  is ₴13406 per week

₴8337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴229
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3481
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴22484
₴12617
₴11505
₴17119
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
4 684
social contributions
-
-
-
15 914
solidarity contribution
-
-
-
-
health
-
-
-
7 358
total
-
-
-
27 956
Employee
22 117
-
40 672
-
solidarity contribution
-
-
-
-
social contributions
1 438
-
2 644
-
income
2 654
-
4 881
-
health
2 986
-
5 491
-
total
7 078
-
13 016
-
Employer
22 117
-
40 672
-
health
1 990
-
3 660
-
social contributions
5 529
-
10 168
-
total
7 519
-
13 828
-
Corporate
24 863
54 500
-
-
income
4 724
10 355
-
-
total
4 724
10 355
-
-
Dividends
20 139
44 145
-
-
withholding
3 021
6 622
-
-
total
3 021
6 622
-
-
Income
54 500
54 500
54 500
54 500
Total tax
22 342
16 977
26 844
27 956
After tax
32 158
37 523
27 656
26 544
Living cost
15 039
15 039
15 039
15 039
Free-cash
17 119
22 484
12 617
11 505

Estimated living cost  is ₴15039 per week

₴11184
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴833
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2762
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14645
₴65
₴11427
₴14400
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
9 672
surtax
-
-
-
-
unemployment
-
-
-
3 052
chamber of commerce
-
-
-
218
health
-
-
-
4 170
pensions
-
-
-
10 083
total
-
-
-
27 195
Employee
21 755
19 833
42 320
-
other
217
198
423
-
unemployment
653
595
1 269
-
pensions
2 228
2 031
4 334
-
income
1 938
1 463
8 606
-
health
841
768
1 638
-
total
5 877
5 055
16 270
-
Employer
21 755
19 833
42 320
-
chamber of commerce
87
79
169
-
health
823
750
1 600
-
pensions
2 730
2 490
5 311
-
accident
282
258
551
-
unemployment
653
595
1 269
-
surtax
-
-
-
-
payroll
653
595
1 269
-
other
1 033
942
2 011
-
total
6 261
5 709
12 180
-
Corporate
26 485
28 959
40 431
-
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.

6 621
7 240
10 107
-
total
6 621
7 240
10 107
-
Dividends
19 863
21 719
-
-
withholding
5 463
5 973
-
-
total
5 463
5 973
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 222
23 977
38 557
27 195
After tax
30 278
30 523
15 943
27 305
Living cost
15 878
15 878
15 878
15 878
Free-cash
14 400
14 645
65
11 427

Estimated living cost  is ₴15878 per week

₴9525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1622
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴283
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4448
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴45526
₴37351
₴47706
₴44354
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
7 811
-
54 500
-
income
1 562
-
10 900
-
total
1 562
-
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%.

46 689
54 500
-
-
total
-
-
-
-
Dividends
46 689
54 500
-
-
withholding
2 335
2 725
-
-
total
2 335
2 725
-
-
Income
54 500
54 500
54 500
54 500
Total tax
3 897
2 725
10 900
545
After tax
50 603
51 775
43 600
53 955
Living cost
6 249
6 249
6 249
6 249
Free-cash
44 354
45 526
37 351
47 706

Estimated living cost  is ₴6249 per week

₴4229
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴262
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1548
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴24175
₴13079
₴14640
₴20013
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

-
-
-
54 500
income
-
-
-
11 113
unemployment
-
-
-
82
health
-
-
-
5 363
pensions
-
-
-
9 953
total
-
-
-
26 511
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.

22 007
-
47 157
-
unemployment
31
-
66
-
pensions
3 411
-
7 309
-
income
3 795
-
10 308
-
health
1 421
-
3 047
-
total
8 658
-
20 730
-
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.

22 007
-
47 157
-
health
1 466
-
3 141
-
pensions
1 947
-
4 173
-
unemployment
13
-
28
-
total
3 426
-
7 342
-
Corporate
29 066
54 500
-
-
income
5 523
10 355
-
-
total
5 523
10 355
-
-
Dividends
23 543
44 145
-
-
withholding
3 531
6 621
-
-
total
3 531
6 621
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 138
16 976
28 072
26 511
After tax
33 362
37 524
26 428
27 989
Living cost
13 349
13 349
13 349
13 349
Free-cash
20 013
24 175
13 079
14 640

Estimated living cost  is ₴13349 per week

₴9161
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴856
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴3074
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴11900
₴26761
₴16406
-₴18960
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
10 623
social contributions
-
-
-
6 213
total
-
-
-
16 836
Employee
30 481
-
-
-
social contributions
2 499
-
356
-
income
6 724
-
-
-
total
9 223
-
356
-
Employer
30 481
-
-
-
social contributions
42 979
-
6 125
-
total
42 979
-
6 125
-
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
52 202
21 342
6 481
16 836
After tax
2 298
33 158
48 019
37 664
Living cost
21 258
21 258
21 258
21 258
Free-cash
-18 960
11 900
26 761
16 406

Estimated living cost  is ₴21258 per week

₴13793
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1999
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.
₴5195
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴15389
₴11573
₴14642
₴14888
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
54 500
income
-
-
-
5 309
surtax
-
-
-
-
social contributions

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

-
-
-
18 939
total
-
-
-
24 248
Employee
22 889
-
44 040
-
surtax
-
-
-
-
social contributions
2 518
-
4 844
-
income
4 761
-
12 013
-
total
7 279
-
16 857
-
Employer
22 889
-
44 040
-
social contributions
5 436
-
10 460
-
total
5 436
-
10 460
-
Corporate
26 175
54 500
-
-
income
5 497
11 445
-
-
surtax
-
-
-
-
total
5 497
11 445
-
-
Dividends
20 678
43 055
-
-
withholding
5 790
12 056
-
-
total
5 790
12 056
-
-
Income
54 500
54 500
54 500
54 500
Total tax
24 002
23 501
27 317
24 248
After tax
30 498
30 999
27 183
30 252
Living cost
15 610
15 610
15 610
15 610
Free-cash
14 888
15 389
11 573
14 642

Estimated living cost  is ₴15610 per week

₴11680
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
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.
₴2749
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴3432
₴9575
₴7213
₴6850
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
5 860
other
-
-
-
1 690
surtax
-
-
-
-
social contributions
-
-
-
1 553
health
-
-
-
1 269
pensions
-
-
-
12 878
total
-
-
-
23 250
Employee
31 170
-
43 981
-
pensions
3 526
-
2 265
-
surtax
-
-
-
-
social contributions
888
-
1 253
-
income
2 720
-
6 851
-
total
7 134
-
10 369
-
Employer
31 170
-
43 981
-
health
2 182
-
3 131
-
pensions
5 122
-
3 957
-
unemployment
1 263
-
1 781
-
social contributions
93
-
132
-
other
1 076
-
1 518
-
total
9 736
-
10 519
-
Corporate
13 594
54 500
-
-
income
3 806
15 260
-
-
surtax
-
-
-
-
total
3 806
15 260
-
-
Dividends
9 788
39 240
-
-
surtax
-
-
-
-
social contributions
1 684
6 749
-
-
withholding
1 253
5 022
-
-
total
2 937
11 771
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 613
27 031
20 888
23 250
After tax
30 887
27 469
33 612
31 250
Living cost
24 037
24 037
24 037
24 037
Free-cash
6 850
3 432
9 575
7 213

Estimated living cost  is ₴24037 per week

₴16268
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1966
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴330
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5473
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴34090
₴27769
₴26321
₴32418
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
1 229
social contributions
-
-
-
11 990
total
-
-
-
13 219
Employee
16 000
-
47 186
-
income
-
-
1 389
-
social contributions
1 040
-
3 068
-
total
1 040
-
4 457
-
Employer
16 000
-
47 186
-
social contributions
2 480
-
7 314
-
total
2 480
-
7 314
-
Corporate
36 020
54 500
-
-
income
3 602
5 450
-
-
total
3 602
5 450
-
-
Dividends
32 418
49 050
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
7 122
5 450
11 771
13 219
After tax
47 378
49 050
42 729
41 281
Living cost
14 960
14 960
14 960
14 960
Free-cash
32 418
34 090
27 769
26 321

Estimated living cost  is ₴14960 per week

₴9673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1128
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.
₴3878
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴53927
-₴53927
₴9557
-₴53927
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
labour market
-
-
-
4 325
municipal
-
-
-
10 368
national
-
-
-
5 852
pensions
-
-
-
431
total
-
-
-
20 976
Employee
101 158
101 158
101 158
-
municipal
21 541
21 541
21 541
-
labour market
8 081
8 081
8 081
-
pensions
144
144
144
-
national
12 358
12 358
12 358
-
total
42 124
42 124
42 124
-
Employer
101 158
101 158
101 158
-
national
12 380
12 380
12 380
-
labour market
8 093
8 093
8 093
-
pensions
288
288
288
-
municipal
21 575
21 575
21 575
-
total
42 336
42 336
42 336
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
54 500
54 500
54 500
54 500
Total tax
84 460
84 460
84 460
20 976
After tax
-29 960
-29 960
-29 960
33 524
Living cost
23 967
23 967
23 967
23 967
Free-cash
-53 927
-53 927
-53 927
9 557

Estimated living cost  is ₴23967 per week

₴16403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2120
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴5075
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
-₴6533
₴17446
₴26434
₴2735
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
accident
-
-
-
128
income
-
-
-
13 602
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
17 119
Employee
17 220
-
47 000
-
pensions
1 939
-
3 853
-
income
2 362
-
9 372
-
health
1 972
-
5 382
-
total
6 273
-
18 607
-
Employer
17 220
-
47 000
-
pensions
2 800
-
5 564
-
accident
288
-
785
-
unemployment
422
-
1 151
-
total
3 510
-
7 500
-
Corporate
33 771
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.

30 393
49 050
-
-
total
30 393
49 050
-
-
Dividends
3 377
5 450
-
-
withholding
642
1 036
-
-
total
642
1 036
-
-
Income
54 500
54 500
54 500
54 500
Total tax
40 818
50 086
26 107
17 119
After tax
13 682
4 414
28 393
37 381
Living cost
10 947
10 947
10 947
10 947
Free-cash
2 735
-6 533
17 446
26 434

Estimated living cost  is ₴10947 per week

₴7968
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.
₴205
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2149
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴16768
₴11590
₴19063
₴16177
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

-
-
-
54 500
health
-
-
-
632
municipal
-
-
-
9 696
national
-
-
-
6 002
total
-
-
-
16 330
Employee
26 184
-
45 847
-
municipal
4 289
-
7 482
-
unemployment
393
-
688
-
pensions
1 767
-
3 095
-
national
433
-
3 387
-
health
195
-
499
-
total
7 077
-
15 151
-
Employer
26 184
-
45 847
-
health
201
-
353
-
pensions
4 543
-
7 955
-
accident
26
-
46
-
unemployment
170
-
298
-
total
4 940
-
8 652
-
Corporate
23 376
54 500
-
-
income
4 675
10 900
-
-
total
4 675
10 900
-
-
Dividends

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

14 026
32 700
-
-
municipal
2 524
5 886
-
-
national
-
1 839
-
-
total
2 524
7 725
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 216
18 625
23 803
16 330
After tax
35 284
35 875
30 697
38 170
Living cost
19 107
19 107
19 107
19 107
Free-cash
16 177
16 768
11 590
19 063

Estimated living cost  is ₴19107 per week

₴12481
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1838
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴304
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4485
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴28343
₴26440
₴26808
₴25634
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
6 727
social contributions
-
-
-
8 052
health
-
-
-
1 390
total
-
-
-
16 169
Employee
38 269
38 269
49 478
-
social contributions
1 447
3 176
4 106
-
income
4 167
3 543
6 569
-
health
297
651
841
-
total
5 911
7 370
11 516
-
Employer
38 269
38 269
49 478
-
health
322
708
915
-
social contributions
1 447
3 176
4 106
-
total
1 769
3 884
5 021
-
Corporate
35 298
12 347
-
-
income
4 412
1 543
-
-
total
4 412
1 543
-
-
Dividends
30 886
10 804
-
-
withholding
5 251
1 837
-
-
total
5 251
1 837
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 343
14 634
16 537
16 169
After tax
37 157
39 866
37 963
38 331
Living cost
11 523
11 523
11 523
11 523
Free-cash
25 634
28 343
26 440
26 808

Estimated living cost  is ₴11523 per week

₴6906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1130
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.
₴3232
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴37230
₴26363
₴36346
₴34697
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

  • up to €9,000.00, 60% of the average monthly wage in Montenegro
  • up to €15,000.00, 100% of the average monthly wage in Montenegro
  • in excess of €15,000, 150% of the average monthly wage in Montenegro
-
-
-
54 500
income
-
-
-
5 271
unemployment
-
-
-
14
health
-
-
-
1 801
pensions
-
-
-
3 166
total
-
-
-
10 252
Employee

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

11 423
-
49 636
-
unemployment
57
-
236
-
pensions
1 713
-
7 083
-
income
781
-
4 038
-
health
971
-
4 014
-
total
3 522
-
15 371
-
Employer

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

11 423
-
49 636
-
health
491
-
2 031
-
pensions
628
-
2 597
-
unemployment
57
-
236
-
total
1 176
-
4 864
-
Corporate
41 901
54 500
-
-
income
3 771
4 905
-
-
total
3 771
4 905
-
-
Dividends
38 130
49 595
-
-
withholding
3 432
4 463
-
-
total
3 432
4 463
-
-
Income
54 500
54 500
54 500
54 500
Total tax
11 901
9 368
20 235
10 252
After tax
42 599
45 132
34 265
44 248
Living cost
7 902
7 902
7 902
7 902
Free-cash
34 697
37 230
26 363
36 346

Estimated living cost  is ₴7902 per week

₴5041
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴569
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.
₴2055
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴23025
₴14757
₴15991
₴20416
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
accident
-
-
-
416
income
-
-
-
10 985
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
24 824
Employee
18 402
-
41 324
-
other
18
-
42
-
unemployment
285
-
640
-
pensions
865
-
1 943
-
income
3 548
-
10 259
-
total
4 716
-
12 884
-
Employer
18 402
-
41 324
-
pensions
4 342
-
9 752
-
accident
365
-
818
-
unemployment
1 012
-
2 273
-
other
147
-
331
-
total
5 866
-
13 174
-
Corporate
30 231
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.

4 534
8 175
-
-
total
4 534
8 175
-
-
Dividends
25 697
46 325
-
-
withholding
5 283
9 615
-
-
total
5 283
9 615
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 399
17 790
26 058
24 824
After tax
34 101
36 710
28 442
29 676
Living cost
13 685
13 685
13 685
13 685
Free-cash
20 416
23 025
14 757
15 991

Estimated living cost  is ₴13685 per week

₴9237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1316
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.
₴2893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴33000
₴33753
₴33825
₴32834
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
18 399
health
-
-
-
533
pensions
-
-
-
735
total
-
-
-
19 667
Employee
1 535
-
53 673
-
unemployment
15
-
37
-
pensions
138
-
331
-
income
297
-
18 360
-
health
77
-
184
-
total
527
-
18 912
-
Employer
1 535
-
53 673
-
health
146
-
349
-
pensions
169
-
404
-
unemployment
31
-
74
-
total
346
-
827
-
Corporate
52 619
54 500
-
-
income
11 576
11 990
-
-
total
11 576
11 990
-
-
Dividends
41 043
42 510
-
-
withholding
8 209
8 502
-
-
total
8 209
8 502
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 658
20 492
19 739
19 667
After tax
33 842
34 008
34 761
34 833
Living cost
1 008
1 008
1 008
1 008
Free-cash
32 834
33 000
33 753
33 825

Estimated living cost  is ₴1008 per week

₴599
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴82
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴304
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴30786
₴20826
₴20826
₴28343
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

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

-
-
-
54 500
income
-
-
-
11 207
unemployment
-
-
-
551
health
-
-
-
3 781
pensions
-
-
-
9 545
total
-
-
-
25 084
Employee

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

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

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

12 954
-
47 929
-
unemployment
97
-
275
-
pensions
1 814
-
5 139
-
income
1 786
-
11 207
-
health
667
-
1 891
-
total
4 364
-
18 512
-
Employer

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

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

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

12 954
-
47 929
-
health
667
-
1 891
-
pensions
1 554
-
4 405
-
unemployment
97
-
275
-
total
2 318
-
6 571
-
Corporate
39 227
54 500
-
-
income
5 884
8 175
-
-
total
5 884
8 175
-
-
Dividends
33 343
46 325
-
-
withholding
5 001
6 949
-
-
total
5 001
6 949
-
-
Income
54 500
54 500
54 500
54 500
Total tax
17 567
15 124
25 083
25 084
After tax
36 933
39 376
29 417
29 416
Living cost
8 590
8 590
8 590
8 590
Free-cash
28 343
30 786
20 826
20 826

Estimated living cost  is ₴8590 per week

₴5784
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴664
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1893
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴17582
₴13766
₴16835
₴17404
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
54 500
income
-
-
-
5 309
surtax
-
-
-
-
social contributions

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

-
-
-
18 939
total
-
-
-
24 248
Employee
19 316
-
44 040
-
surtax
-
-
-
-
social contributions
2 125
-
4 844
-
income
3 774
-
12 013
-
total
5 899
-
16 857
-
Employer
19 316
-
44 040
-
social contributions
4 587
-
10 460
-
total
4 587
-
10 460
-
Corporate
30 597
54 500
-
-
income
6 425
11 445
-
-
surtax
-
-
-
-
total
6 425
11 445
-
-
Dividends
24 172
43 055
-
-
withholding
6 768
12 056
-
-
total
6 768
12 056
-
-
Income
54 500
54 500
54 500
54 500
Total tax
23 679
23 501
27 317
24 248
After tax
30 821
30 999
27 183
30 252
Living cost
13 417
13 417
13 417
13 417
Free-cash
17 404
17 582
13 766
16 835

Estimated living cost  is ₴13417 per week

₴9503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴932
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴238
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2745
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴0
I'm drinking at home rarely or never.
₴0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Porto model

Close
Madrid , Spain
₴19220
₴10952
₴12186
₴15424
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
accident
-
-
-
416
income
-
-
-
10 985
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
24 824
Employee
24 035
-
41 324
-
other
24
-
42
-
unemployment
372
-
640
-
pensions
1 130
-
1 943
-
income
5 020
-
10 259
-
total
6 546
-
12 884
-
Employer
24 035
-
41 324
-
pensions
5 672
-
9 752
-
accident
476
-
818
-
unemployment
1 322
-
2 273
-
other
193
-
331
-
total
7 663
-
13 174
-
Corporate
22 801
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.

3 420
8 175
-
-
total
3 420
8 175
-
-
Dividends
19 382
46 325
-
-
withholding
3 957
9 615
-
-
total
3 957
9 615
-
-
Income
54 500
54 500
54 500
54 500
Total tax
21 586
17 790
26 058
24 824
After tax
32 914
36 710
28 442
29 676
Living cost
17 490
17 490
17 490
17 490
Free-cash
15 424
19 220
10 952
12 186

Estimated living cost  is ₴17490 per week

₴12561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
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.
₴3323
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴38039
₴34907
₴33125
₴35006
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
8 175
unemployment
-
-
-
70
health
-
-
-
1 999
pensions

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

-
-
-
2 572
total
-
-
-
12 816
Employee
11 334
-
51 090
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
pensions

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

995
-
1 526
-
income
1 134
-
5 109
-
health
521
-
799
-
total
2 775
-
7 625
-
Employer
11 334
-
51 090
-
health
782
-
1 199
-
pensions

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

1 249
-
1 915
-
accident

We are using the highest rate at 1.1%.

125
-
191
-
unemployment
68
-
104
-
total
2 224
-
3 409
-
Corporate
40 943
54 500
-
-
income
4 094
5 450
-
-
total
4 094
5 450
-
-
Dividends
36 848
49 050
-
-
withholding
1 842
2 452
-
-
total
1 842
2 452
-
-
Income
54 500
54 500
54 500
54 500
Total tax
10 935
7 902
11 034
12 816
After tax
43 565
46 598
43 466
41 684
Living cost
8 559
8 559
8 559
8 559
Free-cash
35 006
38 039
34 907
33 125

Estimated living cost  is ₴8559 per week

₴5661
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴490
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴204
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴2204
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8887
₴18948
₴14448
₴15399
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

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

-
-
-
54 500
income

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

-
-
-
12 264
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.

-
-
-
674
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.

-
-
-
3 400
trade
-
-
-
4 500
total
-
-
-
20 838
Employee

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

24 762
-
54 500
-
surtax

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

112
-
674
-
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.

2 036
-
12 264
-
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.

3 400
-
3 400
-
total
5 548
-
16 338
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
29 738
54 500
-
-
income
4 461
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.

246
450
-
-
chamber of commerce
119
156
-
-
trade
4 267
7 821
-
-
total
9 093
16 602
-
-
Dividends
20 646
37 899
-
-
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.

274
511
-
-
withholding
4 972
9 286
-
-
total
5 246
9 797
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 887
26 399
16 338
20 838
After tax
34 613
28 101
38 162
33 662
Living cost
19 214
19 214
19 214
19 214
Free-cash
15 399
8 887
18 948
14 448

Estimated living cost  is ₴19214 per week

₴13254
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2067
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.
₴3613
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴9800
₴7629
₴7629
₴10899
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
income
-
-
-
13 574
social contributions
-
-
-
4 947
total
-
-
-
18 521
Employee
38 929
-
54 500
-
income
7 346
-
13 574
-
social contributions
3 234
-
4 947
-
total
10 580
-
18 521
-
Employer
38 929
-
54 500
-
total
-
-
-
-
Corporate
15 571
54 500
-
-
income
1 946
6 812
-
-
total
1 946
6 812
-
-
Dividends
13 624
47 688
-
-
withholding
2 725
9 538
-
-
total
2 725
9 538
-
-
Income
54 500
54 500
54 500
54 500
Total tax
15 251
16 350
18 521
18 521
After tax
39 249
38 150
35 979
35 979
Living cost
28 350
28 350
28 350
28 350
Free-cash
10 899
9 800
7 629
7 629

Estimated living cost  is ₴28350 per week

₴21568
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2310
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.
₴4201
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴14730
₴22034
₴19251
₴16470
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

We use The Residence Programme or The Global Residence Programme.

-
-
-
54 500
income
-
-
-
14 166
health

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

-
-
-
3 017
total
-
-
-
17 183
Employee
22 830
-
52 211
-
income
2 477
-
9 822
-
social contributions
2 287
-
2 289
-
total
4 764
-
12 111
-
Employer
22 830
-
52 211
-
social contributions
2 287
-
2 289
-
total
2 287
-
2 289
-
Corporate
29 382
54 500
-
-
income
10 284
19 075
-
-
total
10 284
19 075
-
-
Dividends
19 098
35 425
-
-
social contributions
2 629
2 629
-
-
total
2 629
2 629
-
-
Income
54 500
54 500
54 500
54 500
Total tax
19 964
21 704
14 400
17 183
After tax
34 536
32 796
40 100
37 317
Living cost
18 066
18 066
18 066
18 066
Free-cash
16 470
14 730
22 034
19 251

Estimated living cost  is ₴18066 per week

₴11900
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴277
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴4464
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴20776
₴15233
₴20158
₴19562
S + D Salary + Dividends

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

Dividends

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

Salary

Salary. A fixed monthly income you pay 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
-
-
-
12 064
pensions
-
-
-
3 812
total
-
-
-
15 876
Employee
25 347
-
47 914
-
pensions
1 935
-
4 643
-
income
4 616
-
8 780
-
health
331
-
793
-
total
6 882
-
14 216
-
Employer
25 347
-
47 914
-
health
482
-
910
-
pensions
2 561
-
5 675
-
total
3 043
-
6 585
-
Corporate
26 110
54 500
-
-
income

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

4 961
10 355
-
-
total
4 961
10 355
-
-
Dividends
21 149
44 145
-
-
withholding
1 586
4 903
-
-
total
1 586
4 903
-
-
Income
54 500
54 500
54 500
54 500
Total tax
16 472
15 258
20 801
15 876
After tax
38 028
39 242
33 699
38 624
Living cost
18 466
18 466
18 466
18 466
Free-cash
19 562
20 776
15 233
20 158

Estimated living cost  is ₴18466 per week

₴12668
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1698
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.
₴3868
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at 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
-₴7617
₴16362
₴25350
₴2568
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
accident
-
-
-
128
income
-
-
-
13 602
other
-
-
-
187
health
-
-
-
1 101
pensions
-
-
-
2 101
total
-
-
-
17 119
Employee
18 925
-
47 000
-
pensions
2 131
-
3 853
-
income
2 596
-
9 372
-
health
2 167
-
5 382
-
total
6 894
-
18 607
-
Employer
18 925
-
47 000
-
pensions
3 077
-
5 564
-
accident
316
-
785
-
unemployment
464
-
1 151
-
total
3 857
-
7 500
-
Corporate
31 719
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.

28 547
49 050
-
-
total
28 547
49 050
-
-
Dividends
3 172
5 450
-
-
withholding
603
1 036
-
-
total
603
1 036
-
-
Income
54 500
54 500
54 500
54 500
Total tax
39 901
50 086
26 107
17 119
After tax
14 599
4 414
28 393
37 381
Living cost
12 031
12 031
12 031
12 031
Free-cash
2 568
-7 617
16 362
25 350

Estimated living cost  is ₴12031 per week

₴8829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴701
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.
₴2258
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴39138
₴28346
₴24304
₴37181
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

-
-
-
54 500
income
-
-
-
8 484
unemployment
-
-
-
654
work injury
-
-
-
273
health insurance
-
-
-
4 033
pensions
-
-
-
10 028
total
-
-
-
23 472
Employee

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

10 758
-
54 500
-
health insurance
796
-
2 945
-
unemployment
129
-
478
-
work injury
54
-
199
-
pensions
1 979
-
7 324
-
income
1 076
-
8 484
-
total
4 034
-
19 430
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
43 742
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
43 742
53 955
-
-
withholding
6 561
8 093
-
-
total
6 561
8 093
-
-
Income
54 500
54 500
54 500
54 500
Total tax
10 595
8 638
19 430
23 472
After tax
43 905
45 862
35 070
31 028
Living cost
6 724
6 724
6 724
6 724
Free-cash
37 181
39 138
28 346
24 304

Estimated living cost  is ₴6724 per week

₴4165
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴489
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴210
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₴1860
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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
₴8881
₴4759
₴7252
₴6618
S + D Salary + Dividends

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

Dividends

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

Salary

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

Sole trader

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

Sole trader
-
-
-
54 500
social contributions
-
-
-
14 017
regional
-
-
-
1 132
municipal
-
-
-
365
national
-
-
-
11 908
total
-
-
-
27 422
Employee
41 937
-
54 500
-
municipal
250
-
325
-
national
7 087
-
10 251
-
regional
633
-
961
-
social contributions
14 141
-
18 378
-
total
22 111
-
29 915
-
Employer
41 937
-
54 500
-
total
-
-
-
-
Corporate
12 563
54 500
-
-
municipal
605
2 626
-
-
nationa
3 015
13 080
-
-
total
3 620
15 706
-
-
Dividends
8 943
38 793
-
-
withholding
2 325
10 087
-
-
total
2 325
10 087
-
-
Income
54 500
54 500
54 500
54 500
Total tax
28 056
25 793
29 915
27 422
After tax
26 444
28 707
24 585
27 078
Living cost
19 826
19 826
19 826
19 826
Free-cash
6 618
8 881
4 759
7 252

Estimated living cost  is ₴19826 per week

₴13927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1364
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.
₴4236
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₴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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